Bahamas Maritime Authority appoints new Managing Director and CEO

NASSAU, BAHAMAS – The Bahamas Maritime Authority (BMA) has announced the appointment of Captain Dwain E. Hutchinson as its new Managing Director and Chief Executive Officer. The announcement was made on April 11, 2019 at the Ministry of Transport and Local Government. Captain Hutchinson succeeds Commodore Davy F. Rolle, who stepped down as managing director […]

D’Aguilar on Grand Lucayan VSEPS : “There is no movement and I’m a little alarmed”

NASSAU, BAHAMAS – Minister of Tourism and Aviation Dionisio D’Aguilar on Tuesday claimed that representatives of the Grand Lucayan managerial staff are holding up the issue of voluntary separation packages from coming to any timely resolution. “There is no movement and I’m a little alarmed. I don’t know what’s going on [or] what strategy they’re […]

BDB seeks to strengthen partnership with OAS

NASSAU, BAHAMAS – In continuation of its Strategic Priorities, The Bahamas Development Bank (BDB) recently met with the country’s representative of the Organization of American States (OAS), Mrs. Phyllis Baron. The purpose of the meeting was to explore opportunities and avenues to strengthen efforts to better assist Micro, Small and Medium-sized Enterprises (MSME’S).  In addition, […]

Award winning Coral Vita team to speak at GB Chamber event

FREEPORT, BAHAMAS –   Late last year Government officials, private stakeholders and Non-Governmental Organizations (NGO’s) attended the groundbreaking of the world’s first ever coral farm, in Grand Bahama. The Coral Vita Project, which is a collaborative endeavour between Coral Vita, The Grand Bahama Port Authority, and the Grand Bahama Development Company (DEVCO) was founded by Gator […]

Small Business Development programme launched in Eight Mile Rock

EIGHT MILE ROCK, GRAND BAHAMA — The Government recently launched its Grand Bahama’s Small Business Development programme in West Grand Bahama at the Eight Mile Rock High School auditorium. After successfully launching the programme in East Grand Bahama last month, Deputy Prime Minister and the Minister of Finance K. Peter Turnquest said he wanted to […]

Cruise lines have no issue with govt.’s selection for port

Royal Caribbean CEO excited and prepared to work with new developer   NASSAU, BAHAMAS – Although it missed out on the Nassau’ cruise port project, Royal Caribbean Cruise Lines (RCCL) President and CEO Michael Bayley said yesterday that the cruise lines are not bothered, and are instead “exited, and willing” to work with the selected […]

New IDB publication highlights public sector weaknesses

NASSAU, BAHAMAS – A new Inter-American Development Bank publication has further highlighted two well-known areas of weakness for The Bahamas: the public sector’s wage bill and issues with State-Owned Enterprises (SEOs). The “Nurturing Institutions for a Resilient Caribbean” publication was released yesterday, with Deputy Prime Minister and Minister of Finance Peter Turnquest linking data from […]

Cruise line private islands divert traffic from capital

NASSAU, BAHAMAS  – The government has once again admitted that a trend in granting approvals to cruise lines for private islands may be taking much-needed foot traffic further away from the local retailers in the capital. It’s an effect opposite to an uptick in passenger arrivals – and economic activity – these mega cruise liners […]

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DPM: “No End to OECD/EU demands”

The Bahamas will remain a “clean and compliant” jurisdiction regardless of how many times the nation is blacklisted, Deputy Prime Minister and Minister of Finance Peter Turnquest reinforced yesterday. Speaking at Royal Fidelity’s Business Economic Outlook, Turnquest expressed concern that no matter how cooperative the nation is or how compliant with demands to become more […]