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News & Press - Mar 26/19

 

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Securities Commission enters MoU with German regulator

The Securities Commission of The Bahamas has announced that it has entered a Memorandum of Understanding under the Alternative Investment Fund Managers Directive with BaFin, the German Federal Financial Supervisory Authority. 

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TheBahamasInvestor.com
Monday, February 25, 2019
Monday, February 25, 2019

The Securities Commission of The Bahamas has announced that it has entered a Memorandum of Understanding (MoU) under the Alternative Investment Fund Managers Directive (AIFMD) with BaFin, the German Federal Financial Supervisory Authority.

Robert LotmoreChairman of the commission Robert Lotmore (pictured), says: “Cooperation with other securities regulators remains a strategic priority for the Commission. It is a critical aspect of good securities regulation, particularly for international financial centres, and the Commission intends to continue to demonstrate regional leadership in this area.”

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Global Ports Holding wins bid to run Nassau cruise port

Global Ports Holding has announced that it has been selected as the winning bidder for the redevelopment and operation of Prince George Wharf, the main cruise port in Nassau, The Bahamas. Pictured: (from left) Permanent Secretary Charles Albury and Minister of Tourism and Aviation Dionisio D’Aguilar pictured with chairman of Global Ports Holding Mehmut Kutman and president and founder, CFAL, Anthony Ferguson. (Photo courtesy GPH)

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TheBahamasInvestor.com
Monday, February 25, 2019
Monday, February 25, 2019

Global Ports Holding (GPH) has announced that it has been selected as the winning bidder for the redevelopment and operation of Prince George Wharf, the main cruise port in Nassau, The Bahamas.

“This project marks the beginning of a new Bahamian success story,” said Mehmet Kutman, chairman of GPH.

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PM to attend CARICOM Inter-Sessional Meeting in St Kitts

Prime Minister Dr Hubert Minnis will travel to St. Kitts today to attend the 30th Inter-Sessional Meeting of the Conference of the Heads of Government Meeting of the Caribbean Community. Pictured: The Saint Kitts and Nevis coat of arms. (Adopted in 1983)

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TheBahamasInvestor.com
Monday, February 25, 2019
Monday, February 25, 2019

Prime Minister Dr Hubert Minnis will travel to St. Kitts today to attend the 30th Inter-Sessional Meeting of the Conference of the Heads of Government Meeting of the Caribbean Community (CARICOM).

The Prime Minister will lead a delegation of senior government officials to the two-day meeting, including Minister of Foreign Affairs Darren Henfield and High Commissioner of The Bahamas to CARICOM Reuben Rahming.

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China grants Bahamas $12m for development projects – photos

The government of The Bahamas has signed a $12 million bilateral agreement with the government of the People’s Republic of China. 

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TheBahamasInvestor.com
Monday, February 25, 2019
Monday, February 25, 2019

The government of The Bahamas has signed a $12 million bilateral agreement with the government of the People’s Republic of China.

The signing ceremony took place February 21, 2019 at the Ministry of Foreign Affairs, and is a commitment from China to provide funds for development projects in the country.

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The Baha Mar resort on Cable Beach has reported record occupancy rates so far for 2019. Watch an interview with Baha Mar president Graeme Davis here. 

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ZNS News
Monday, February 25, 2019
Monday, February 25, 2019

Continue to see videoThe Baha Mar resort on Cable Beach has reported record occupancy rates so far for 2019. Watch an interview with Baha Mar president Graeme Davis here.
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LPIA sees 11 per cent spike in passenger traffic

Nassau Airport Development Co has released its 2018 passenger figures, revealing a significant jump in traffic at Lynden Pindling International Airport. 

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TheBahamasInvestor.com
Friday, February 22, 2019
Friday, February 22, 2019

Nassau Airport Development Co (NAD), which operates Lynden Pindling International Airport (LPIA), has released its 2018 passenger figures, revealing a significant jump in traffic at the country’s premier airport.

Last year, the airport served 3.7 million passengers, an increase of 11 per cent over calendar year 2017. This is the highest year-over-year increase and the largest number of passengers recorded since 2007.

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GB Minister urges islanders to seize opportunities

Minister of State for Grand Bahama Kwasi Thompson said yesterday that Grand Bahama is entering a critical period and local businesses should seize the opportunities presented. He made the comments during at the official opening of the Grand Bahama Business Outlook. Pictured: Business people in Grand Bahama attend the 21st annual Grand Bahama Business Outlook 2019 at the Grand Lucian. (BIS Photo/Andrew Miller)

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TheBahamasInvestor.com
Friday, February 22, 2019
Friday, February 22, 2019

GB Minister urges islanders to seize opportunities

Pictured: Minister Thompson delivers the keynote speech February 21. (BIS Photo/Andrew Miller)

Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson said yesterday that Grand Bahama is entering a critical period and local businesses should seize the opportunities presented. He made the comments during at the official opening of the Grand Bahama Business Outlook.

The 21st annual Grand Bahama Business Outlook 2019 is being held under the theme “Connecting Resources, Maximizing Opportunities, Transforming Grand Bahama” at the Grand Lucayan Convention Centre.

“This is a critical time for us in Grand Bahama. I dare say, it is one of the most important times in our generation.”

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The Caribbean Hotel and Tourism Association is hosting its annual flagship Marketplace conference at Baha Mar in The Bahamas January 21-23, 2020. Watch a ZNS News report on the launch of the event here. 

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ZNS News
Friday, February 22, 2019
Friday, February 22, 2019

Continue to see videoThe Caribbean Hotel and Tourism Association is hosting its annual flagship Marketplace conference at Baha Mar in The Bahamas January 21-23, 2020.
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DPM ‘encouraged’ by Moody’s report

Deputy Prime Minister and Minister of Finance Peter Turnquest has noted that he is encouraged by the February 2019 credit opinion published by Moody’s Investor Services, which reclassified The Bahamas’ outlook from ‘Negative’ to ‘Stable’. 

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TheBahamasInvestor.com
Friday, February 22, 2019
Friday, February 22, 2019

Deputy Prime Minister and Minister of Finance Peter Turnquest has noted that he is encouraged by the February 2019 credit opinion published by Moody’s, which reclassified The Bahamas’ outlook from ‘Negative’ to ‘Stable’.

He indicated that the evaluation represents an “independent and impartial assessment of the country’s progress on what had been a dire and untenable fiscal situation”.

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BHTA holds board and membership meeting – photos

The Bahamas Hotel and Tourism Association held its Board of Directors and Membership Meeting last Friday at the British Colonial Hilton hotel in Nassau. Pictured: Director general of tourism Joy Jibrilu addresses the BHTA's Board of Directors and Membership Meeting February 15, 2019. (BIS Photo/Kemuel Stubbs)

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TheBahamasInvestor.com
Thursday, February 21, 2019
Thursday, February 21, 2019

The Bahamas Hotel and Tourism Association (BHTA) held its Board of Directors and Membership Meeting last Friday at the British Colonial Hilton.

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