The Bahamas Investor

...e region would change if we could only compete with India for call centres for Fortune 500 companies creating thousands of jobs in our island nations. I know that the Caribbean nationals sitting in this room have a vision for the diversification of our economies from tourism, agriculture and finance to a point where we can be a part of the 21st Century supply chain, like Singapore, South Korea, India, Philippines and Japan, with plants to assemble......

...brother, the late Senator Robert F Kennedy; actress Cheryl Hines; Minister of Foreign Affairs and Immigration Fred Mitchell; United States Charge’ d’ Affaires John Dinkleman; Cabinet Ministers; Members of the Diplomatic Corp; and other government officials. The unveiling of the plaque comes one month after the planting of ficus trees at the cite, as reminders of the significance of the visit of President John F Kennedy. “On 21 December, 2012, we c......

...rmitting licensed casinos to establish an online presence for the purposes of offering gaming; (ix) permitting casinos or their gaming service providers to accept betting in-running (or live betting) on sporting events; (x) authorising the establishment of independent testing laboratories in The Bahamas for the testing of gaming devices against defined standards; (xi) providing for the licensing of junket agents within defined parameters; (xii) pr......

...rther development of resorts, particularly on the Family Islands, Minister of State for Investments Khaalis Rolle has said. An executive of Baker’s Bay Development on Great Guana Cay shows plans of the project to government officials during a tour August 10, 2012. At centre are David Davis, permanent secretary, Office of the Prime Minister (left) and Khaalis Rolle, Minister of State for Investments. (BIS Photo/LaTore Mackey) He made the observatio......

...ative is designed to improve the living conditions in Freeport centre. One of Rolle’s chief concerns is the cost of energy on the island. “If we could reduce the cost of energy, not only would we be fulfilling part of our mission statement to better the lives of the people, but we would also attract significant industry.We are the driving force behind an initiative to develop alternative energy on Grand Bahama. “The Air and Sea Business Park has n......

The new Minister of State for Investments Khaalis Rolle has vowed to create a better business environment for small and medium-sized enterprises (SMEs) in The Bahamas, saying the problems of insufficient capital and support are holding the country back. “Unless we really go beyond paying lip service to smaller businesses, [which are] the engine of this economy, we will continue to have the problems we have,” the Minister told attendees at the Glo......

...ous decision to address concerns expressed by businesses early in its term of office. This decision was made to avoid the erosion of our regional and global competitive advantage in those areas where we have traditionally held an advantage. Financial Services remains the second pillar of our economy employing 20,000 persons directly or indirectly and accounting for more than 15% of our GDP. We have been providing banking and trust and other financ......

...after announcing its presence on the island, GIBC Digital hosted Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson, and other officials to a tour of its offices in the Jasmine Corporate Centre June 4. With its official opening scheduled for the end of June, GIBC Digital has committed to hiring some 50 people, and an initial investment of $2.5 million. GIBC Digital is one the first companies to benefit from the......

Pictured: Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson addresses a press conference at Pelican Bay resort, October 16, 2017, to announce dates and plans for the upcoming Technology Summit, to be held in Grand Bahama November 9-10, 2017. (BIS Photo/Andrew Miller) Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson says he plans to make Grand Bahama the centre of a technolog......

...s & Transportation Department, MOTA. On announcing the workshop yesterday, Minister of Tourism and Aviation Dionisio D’Aguilar said that the content of the workshop is geared towards “capturing the imagination of budding entrepreneurs who already have an inkling to start a tourism-related business and are seeking guidance and funding”. Up to $50,000 will be available from the Bahamas Development Bank for participants, depending on the project and......

...mprove the country’s second industry. “Over the past few months as the new Minister of Financial Services, I have recognized that there is a critical need to enable the financial services industry to operate more efficiently,” said the Minister. This efficiency, according the Minister, would be achieved if the government implemented several measures including resourcing and restructuring the government agencies that provide support. The Minister s......

...sland’s stability and economic success relies heavily on the synergistic efforts of the private and public sectors in developing these key areas,” said the Minister. “The financial services industry, the growth of the maritime and industrial sector is equally important to the island of Grand Bahama, as it is this sector that was minimally affected by the global economic crisis.” “With the expansion of the Panama Canal schedule to open in 2014, we......

Philip Edward Davis officially took the oath of office and received his instruments of appointment as the country’s Deputy Prime Minister and Minister of Works and Urban Development May 9 in a ceremony presided over by Governor General Sir Arthur Foulkes. Philip Edward Davis takes the oath during a ceremony in the ballroom at Government House on May 9. (BIS Photo/Letisha Henderson) In brief remarks, Minister Davis said he is grateful to be a part......

...izens and comes almost one month after the Category 5 Hurricane Dorian devastated parts of Abaco and Grand Bahama. Prime Minister Minnis said that if climate change is not treated with the greatest urgency it will continue to ravage small island states such as The Bahamas and will also have a devastating impact on more developed states. “The Bahamas fully supports the [UN] Secretary General’s comprehensive strategy to address a global emergency wh......

...The Bahamas finalized its commitments under the EPA and the Joint Council of Ministers of Trade under the EPA incorporated The Bahamas’ commitments on trade in services and trade in investment into the agreement. In February 2013, Minister Pinder continued, the EPA implementation consultation began and was coordinated by CARTFund under the Caribbean Development Bank (CDB) , in conjunction with the CARIFORUM Regional Economic Partnership Agreement......