While The Bahamas fell in the World Bank’s Ease of Doing Business Rating by one point in 2019, the Ministry of Finance says it is satisfied with advancements in key areas.

The Ministry of Finance has said that there has been marked improvement in the global ease of doing business rankings in the five focal areas of the Ease of Doing Business Committee: Starting a business; dealing with construction permits; getting electricity; enforcing contracts and protecting minority rights, which registered the greatest improvement of 44 points.

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The Bahamas Development Bank (BDB) is undergoing a transformation through which it intends to expand its products and services.

The bank is making efforts to incubate emerging or struggling industries to expand the economy, create more opportunities and ensure that natural resources will continue to provide for future generations, managing director Dave Smith said in his address at the annual Exuma Business Outlook conference.

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The Bahamas Financial Services Board in collaboration with the Ministry of Financial Services hosted two successful briefings in Rio De Janeiro and Sao Paulo, Brazil on October 14th and 17th.

The Hon. Elsworth Johnson, Minister of Financial Services, Trade & Industry and Immigration addressed attendees and reaffirmed that The Bahamas is open for business and that we value the long standing relationship built with service providers in Latin America and Brazil in particular.

This is an excerpt from Bahamas Financial Services Board as it appeared on October 28, 2019. For updates or to read the current version of this post in its entirety, please click here.

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The Central Bank of The Bahamas Governor John Rolle delivered remarks at the Exuma Business Outlook on the topic of “Bahamian financial resilience post-natural disasters” at Sandals Emerald Bay, Exuma, October 24, 2019.

Read or download the PDF from the Governor’s address entitled Bahamian Financial Resilience Post-Natural Disasters here.

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NASSAU, Bahamas, October 2019 /PRNewswire/ — More than a month has passed since Hurricane Dorian made landfall on two northern islands of The Bahamas. Already, Grand Bahama Island is rebounding with many of its hotels and attractions reopened and plans for its airport to resume international service soon.

While The Abacos face a longer road to recovery, the country remains resilient and steadfast in its commitment to help the island rebuild by maintaining a healthy flow of tourism – which accounts for half of the country’s GDP – to the islands that were not affected by the storm.

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Citing the new tourism offerings in The Bahamas and the opportunity to showcase the nation of islands to the travel world following Hurricane Dorian, the Caribbean Hotel and Tourism Association (CHTA) reaffirmed that it is bringing its Caribbean Travel Marketplace (CTM) marketing event to The Bahamas January 21-23, 2020.

The 38th CTM will bring together hotel and destination representatives as well as other tourism providers; wholesalers and tour operators; online travel agencies; along with media representatives for two intensive days of business meetings, including thousands of prescheduled appointments.

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Data Protection and Privacy was one of two pivotal topics presented by Graham Thompson partner Ryan Pinder at the 8th Annual Anti-Money Laundering/Counter Financing of Terrorism Conference held in Jamaica, October 8-10.

In his presentation, Pinder characterized the erosion of client financial privacy as “a multi-faceted strategy of regulatory and compliance reforms designed to institutionalize the demise of fiscal transparency”.

Highlighting both the individual private client market and corporate structuring market, he discussed the impacts on FATCA and CRS.

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The Minister of Financial Services, Trade & Industry and Immigration Elsworth Johnson, members of his Ministry and industry professionals from The Bahamas attended the 2019 Society of Trust and Estate Practitioners (STEP) LATAM conference held in Sao Paulo, Brazil, October 17- 18, 2019.

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NASSAU, Bahamas, October 2019 (Tourism Today Network) – One month after Hurricane Dorian devastated parts of Grand Bahama Island and The Abacos, the Bahamas Ministry of Tourism and Aviation (BMOTA) is executing a multi-channel marketing campaign designed to keep the country’s economic engine strong by recruiting, retaining and reinvigorating travel to The Bahamas. The BMOTA has aggressively deployed a range of tactics to drive the narrative that The Bahamas is ready to welcome visitors.

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This is an excerpt from Tourism Today as it appeared on October 23, 2019. For updates or to read the current version of this post in its entirety, please click here.

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The government of The Bahamas has signed a Heads of Agreement with Western Atlantic University of Medicine Ltd for the establishment and operation of a University School of Medicine in Freeport.

The signing ceremony took place on October 21, 2019 in Freeport, Grand Bahama.

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