(Graphic via World Tourism Organization/UNWTO)

The Bahamas Ministry of Tourism and Aviation partnered with Air Canada, Atlantis Paradise Island, Grand Hyatt Baha Mar and Grand Isle Resort to host senior level managers from 12 leading Chinese travel agencies to a familiarization visit to The Islands Of The Bahamas in June.

The objective of the trip was for agents to gain a comprehensive overview and understanding of the destination, and to connect with local industry suppliers so that they could create customized travel itineraries for their clients visiting from China.

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Prime Minister Dr Hubert Minnis and official delegation attend the first business session of the 40th Regular Meeting of CARICOM Heads of Government in St Lucia yesterday.

Items on the agenda included blacklisting, the Small Island Developing States Resilience Foundation, and the Caribbean Single Market and Economy.

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In a meeting ahead of the 40th Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM ), Prime Minister Dr Hubert Minnis urged tourism leaders to explore new ways to work with the Caribbean Tourism Organization (CTO) to grow tourism in the region and develop better data resources.

Minnis is the representative for tourism in CARICOM’s Quasi-Cabinet.

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The Access Accelerator Small Business Development Centre (SBDC) has facilitated the disbursement of over $1 million to Bahamian micro, small and medium-sized enterprises (MSMEs) and is on target to provide an additional million to ten other entrepreneurs before its first anniversary this September.

To-date, 17 companies have received funding with assistance from the SBDC. Through the organization’s grant committee, bank loans and investments from the Bahamas Venture Fund, a total of $1,073,479 was directly invested into local Bahamian businesses. The economic impact of that investment has been calculated at $2.4 million.

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According to The Central Bank of The Bahamas’ latest report, indications are that the domestic economy maintained its modest pace of expansion during May, as increased visitor traffic for the Easter holiday period, sustained the growth in tourism, while ongoing medium and small-scale foreign investment projects supported activity in the construction sector.

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Prime Minister Dr Hubert Minnis arrived in St Lucia yesterday for the 40th Regular Meeting of Heads of Government of the Caribbean Community (CARICOM).

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The Cabinet Office has announced that Prime Minister Dr Hubert Minnis will travel to Gros Islet, Saint Lucia today for the 40th Regular Meeting of the Conference of the Heads of Government of the Caribbean Community (CARICOM).

The Prime Minster will lead a delegation of senior government officials to the three-day meeting, including Minister of Foreign AffairsDarren Henfield, Minister of Tourism Dionisio D’Aguilar, High Commissioner of The Bahamas to CARICOM Reuben Rahming and Adrian Gibson, MP.

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Former Minister of State in the Office of the Attorney General Elsworth Johnson will replace MP for St Anne’s as the Minister of Financial Services, Trade and Industry and Immigration.

In a statement, Prime Minister Dr Hubert Minnis said he thanked Symonette for his service and wished him “all the best in his future endeavours”.

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The Ministry of Tourism and Aviation recently held a Cruise and Maritime Seminar to encourage smaller businesses and entrepreneurs to take advantage of the growing number of cruise line visitors coming to The Bahamas.
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The Central Bank of The Bahamas Governor John Rolle delivered remarks at the 2019 AML/CFT Risk Management Seminar of The Bahamas Group of Financial Services Regulators, 26 June, 2019.

Following are the remarks by Governor John A Rolle, Central Bank of The Bahamas (as prepared for delivery) at the 2019 AML/CFT Risk Management Seminar of The Bahamas Group of Financial Services Regulators, 26 June, 2019:

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