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News & Press - Jan 23/19

 

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US architect to design new Bahamas eco-resort

Princeton architectural firm Studio Hillier, has been selected by StarPort Resorts to design Port St George, The Bahamas’ latest eco-engineered luxury resort on Long Island. (Studio Hillier Graphic/StarPort Resorts)

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TheBahamasInvestor.com
Wednesday, December 19, 2018
Wednesday, December 19, 2018

PRINCETON, NJ–(BUSINESS WIRE)–Studio Hillier, the Princeton architectural firm of J. Robert and Barbara Hillier, has been selected by StarPort Resorts, Inc. to design Port St. George, The Bahamas’ newest eco-engineered luxury resort on Long Island. The Hilliers have been honored with over 350 design awards.

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Grand Bahama Minister hails 2018 progress

Minister of State for Grand Bahama Kwasi Thompson hailed the government's progress on Grand Bahama over the last year but added that there was more to be done during a recent end-of-year press conference. Pictured: Minister Thompson adresses the media about the government’s accomplishments, during a press conference December 16, 2018. (BIS Photo/Andrew Coakley)

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TheBahamasInvestor.com
Tuesday, December 18, 2018
Tuesday, December 18, 2018

One of the visions of the government for Grand Bahama in 2018 was to help place the island on a path of economic recovery, and then move it towards financial growth, “that was the goal of this government in Grand Bahama and we believe that significant progress has taken place – although there remains much more work to be done,” said Minister of State for Grand Bahama Kwasi Thompson.

The Minister’s remarks came during a year in review by the Office of the Prime Minister in Grand Bahama to members of the local media December 16.

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Tourism Minister signs 10 Air Services Agreements

Minister of Tourism and Aviation Dionisio D’Aguilar led a delegation to the 11th session of the International Civil Aviation Organization’s negotiating event, ICAN 2018 held in Nairobi, Kenya, 10-14 December, where he attended negotiations on air services. (BIS Photos)

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TheBahamasInvestor.com
Monday, December 17, 2018
Monday, December 17, 2018

Minister of Tourism and Aviation Dionisio D’Aguilar led a delegation to the 11th session of the International Civil Aviation Organization’s negotiating event, ICAN 2018 where he attended negotiations on air services in Nairobi, Kenya, 10-14 December 2018.

The Bahamas conducted some 24 meetings over the five-day period, where Minister D’Aguilar signed 10 Air Services Agreements (ASAs) and seven Memoranda of Understanding (MOUs) during the meeting.

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The Caribbean region's private sector has a unique opportunity to generate strong profits in the new year with the unprecedented quantity of airlift coming into the region, says the Caribbean Hotel and Tourism Association. 

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TheBahamasInvestor.com
Friday, December 14, 2018
Friday, December 14, 2018

Spike in airlift to bring boon to regional tourismThe Caribbean region’s private sector has a unique opportunity to generate strong profits in the new year with the unprecedented quantity of airlift coming into the region, according to the Caribbean Hotel and Tourism Association (CHTA).

Director general and chief executive officer of the CHTA Frank Comito encouraged regional stakeholders to get ready for what the association believes can be an especially strong winter season.

“With new routes and upgraded aircraft announcements over recent months, market-savvy hoteliers are positioned to increase occupancy and generate additional business.”

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Operators vie to run Nassau’s cruise port

The Ministry of Tourism has said that three companies have submitted bids in response to the Request For Proposal, Nassau Cruise Port and Related Facilities for redevelopment and management of Nassau's cruise port. 

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TheBahamasInvestor.com
Thursday, December 13, 2018
Thursday, December 13, 2018

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GB tourism sees uptick – audio

An uptick in tourist visits to Grand Bahama tops the news at this point in the week in The Bahamas. Listen to a Bahamas Information Services audio news report here. 


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Bahamas Financial Services
Wednesday, December 12, 2018
Wednesday, December 12, 2018


IMF commends Bahamas on fiscal policy

The International Monetary Fund has commended the government for several key policy initiatives, including the Fiscal Responsibility Act, 2018, and the strategic plan to create a Disaster Relief Fund. Read the Minister of Finance's response here. 

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TheBahamasInvestor.com
Tuesday, December 11, 2018
Tuesday, December 11, 2018

The International Monetary Fund (IMF) has commended the government for several key policy initiatives, including the Fiscal Responsibility Act, 2018, and the strategic plan to create a Disaster Relief Fund.

This comes after a recent review of The Bahamas by the IMF.

In response, Deputy Prime Minister and Minister of Finance Peter Turnquest said: “The government will stay the course with its fiscal strategy to boost economic growth, strengthen the fiscal balance and increase transparency and government accountability.”

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Boats race during the Championship Day of the Best of the Best Regatta in Montagu Bay, New Providence. See photos here. 

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TheBahamasInvestor.com
Monday, December 10, 2018
Monday, December 10, 2018

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PM reassures stakeholders of commitment to tourism

Prime Minister Dr Hubert Minnis reassured key stakeholders in tourism that his government is committed to maximizing the economic benefits of the country’s primary industry during the Bahamas Hotel & Tourism Association’s Annual Meeting at the Imperial Ballroom, Atlantis Paradise Island December 7, 2018. (BIS Photo/Kemuel Stubbs)

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TheBahamasInvestor.com
Monday, December 10, 2018
Monday, December 10, 2018

Prime Minister Dr Hubert Minnis reassured key stakeholders in tourism that his government is committed to maximizing the economic benefits of the country’s primary industry.

He was addressing the Bahamas Hotel & Tourism Association’s (BHTA) Annual Meeting at the Imperial Ballroom, Atlantis Paradise Island December 7, 2018.

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DPM: New FS legislation aids compliance

Deputy Prime Minister and Minister of Finance Peter Turnquest said five progressive pieces of legislation tabled in the House of Assembly recently, will establish new regulations to govern the financial services sector and bring it in line with international standards. 

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TheBahamasInvestor.com
Friday, December 7, 2018
Friday, December 7, 2018

Deputy Prime Minister and Minister of Finance Peter Turnquest said five progressive pieces of legislation tabled in the House of Assembly recently, will establish new regulations to govern the financial services sector and bring it in line with international standards and domestic law as it relates to substance, equal tax treatment, ownership registration, reporting and fee requirements.

Those five pieces of legislation are: The Commercial Entities (Substance Requirements) Bill, 2018; The Removal of Preferential Exemptions Bill, 2018; The Register of Beneficial Ownership Bill, 2018; The Non-Profit Organizations Bill, 2018, and The Penal Code (Amendment) Bill, 2018.

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