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Newsletter Vol.12, No 2.

TBI monthly news in review - March 30, 2017

Foreign Affairs and Immigration Fred Mitchell

Pictured: Minister of Foreign Affairs and Immigration Fred Mitchell announces that The Bahamas will be the host country for the United Nations Small Island Developing States Symposium during a press conference this week. The three-day event will be held at Melia Nassau Beach Resort on Cable Beach, February 21-23. (BIS Photos/Derek Smith)

Conference season rumbled on through February, with The Bahamas playing host to one of the biggest international business and economic conferences.

Minister of State for Investments Khaalis Rolle welcomed local and international participants, presenters, organisers and stakeholders, to the United Nations Small Island Developing States (SIDS) Symposium towards the end of last month.

Prime Minister Perry Christie gave the opening address highlighting the need for collaboration on climate change and sustainable development for small island states.

“Climate change is a pressing issue and we can no longer refuse to take action to adapt to and militate against the effects of climate change. We must better integrate climate change adaptation and mitigation into all planning, educational and budgetary processes,” he said.

The discussions at the symposium centred around the theme of “Implementing the 2030 Sustainable Development Agenda and the SAMOA Pathway in Small Island Developing States: Equipping public institutions and mobilizing partnerships.”

The Ministry of Tourism was also busy during February, with MOT managers, as well as hoteliers and representatives from various promotion boards, attending the New York Times and Boston Globe Travel Shows.

In both instances, teams representing The Bahamas welcomed travel agents, media and consumers to their booth to provide them with information on The Bahamas as a visitor destination to escape the harsh winter weather.

In other tourism news, the One&Only Ocean Club re-opened its doors after a $12-million capital development project. The resort was also recently named on Travel & Leisure’s coveted list of best hotels in the world.

As for Baha Mar, the mega-resort on Cable Beach is still on schedule for its April 2017 soft opening, according to developers.

“The pristine beach, golf course, casino, shops, pools and bars will all be ready to go for the opening,” said the resort’s president Graeme Davis. “We are working with other companies and resorts to make the overall offering a success for The Bahamas.”


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The Bahamas Investor - February News & Press

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Accreditation, capital works, and new academic programmes are among the major initiatives occurring at the University of The Bahamas.

Global research and membership organisation The Internet Society has released its “Removing Barriers to Connectivity in the Caribbean” report, with recommendations on how to improve infrastructure and collaboration between countries. The report highlights the disparity of Internet use in the region, with 80 per cent of the population in The Bahamas connected, as opposed to only 12 per cent in places such as Haiti.

The CONCACAF Beach Soccer Championship Bahamas 2017 has been in full swing in Nassau this week. See photos of the tournament running February 20-26 here.

The Ministry of Financial Services has signed a Memorandum of Understanding with the Bahamas Chamber of Commerce and Employers Confederation on the cooperation in establishing of a trade information services desk and electronic portal.

Prime Minister Perry Christie addressed the Small Island Developing States symposium held in Nassau this week. Read his open comments here.

Minister of State for Investments Khaalis Rolle welcomed local and international participants, presenters, organisers and stakeholders, to the United Nations Small Island Developing States (SIDS) Symposium being held in The Bahamas this week.

Two of the Caribbean's premier tourism events will be staged concurrently in June in Miami during Caribbean-American Heritage Month.

The Bahamas Financial Services Board hosted its 14th International Business & Finance Summit 2017 at Lighthouse Pointe, Grand Lucayan Resort, Grand Bahama January 26-28, 2017 under the theme “Financial Services: Responding to Change through Innovation”. Read a review of the event here.

Bahamas is taking steps to improve the ease of doing business with the establishment of a new trade portal to help companies access online information. Watch a ZNS Network news report here.

Three separate apartment buildings and a neighbouring lot set on a combined 1.37 acres, including 475 ft of ocean frontage will sell to the highest bidder this month.

Prime Minister and Minister of Finance Perry Christie gave a the welcome address at the reopening of One&Only Ocean Club Paradise Island 13 February, 2017. Read his comments here.

Deputy Prime Minister and Minister of Works and Urban Development Philip Davis has said that the strategic plan for Bahamasair is focused on addressing a restructuring of the domestic routes and the potential outsourcing of low density routes to reduce the airline’s losses.

Chairman of The National Bankers Association, based in Washington, DC, Preston Pinkett, paid a courtesy call on Minister of Financial Services Hope Strachan, February 8, 2017 at the offices of the Ministry.

Japan and The Bahamas have signed a new protocol as part of the bilateral Tax Information Exchange Agreement. Watch a ZNS Network news report here.

Caribbean tourism fared well in 2016 and industry stakeholders are generally upbeat about the year ahead, according to a Caribbean Hotel and Tourism Association survey.

Bahamian Brewery and Beverage Co Ltd is expressing confidence in the economic climate of Grand Bahama by announcing a $2 million expansion.

SuperClubs Breezes on Cable Beach has been named Expedia’s Top Producing Partner in The Bahamas for last year. Watch an interview with vice president of marketing at the resort Zein Issa Nakash.

Warwick Paradise Island hosted a luncheon for international journalists who were in The Bahamas last week for the Caribbean Hotel and Tourism Association’s Caribbean Travel Marketplace conference.

The government has said that it remains active in the development of Baha Mar and that the resort is on track for the April opening deadline.

The Bahamas will host the United Nations Small Island Developing States Symposium scheduled for February 21-23 at Melia Nassau Beach Resort.

Prime Minister Perry Christie gave the keynote address at the opening of the Caribbean Hotel and Tourism Association’s annual conference being held this week at the Atlantis Paradise Island resort in The Bahamas. Read his address here.

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