Henfield: Bahamas welcomes legitimate investments from any country

NASSAU, BAHAMAS – Minister of Foreign Affairs, Darren Henfield, on Tuesday expressed that The Bahamas welcomes any legitimate investments from any country. “We are friends with both China and the United States of America,” Henfield said before heading to Tuesday’s Cabinet meeting. “A large platform of our economy comes from foreign direct investment and we […]

PM opens Access Accelerator Small Business Development Centre, Over-the-Hill

NASSAU, BAHAMAS — Prime Minister Dr. Hubert Minnis officially opened a branch of the Small Business Development Centre at the Edmund Moxey Youth and Community Centre, specifically for residents in the area to access funding for economic empowerment. He deemed opening the branch as part of his government’s ambitious and broader Over-the-Hill Revitalization Programme. Also, […]

New marketing campaign featuring Lenny Kravitz invites travelers to Fly Away to The Bahamas

NASSAU, BAHAMAS – The Bahamas Ministry of Tourism & Aviation presented its new creative campaign, featuring Bahamian-American rock legend Lenny Kravitz, to Canadian media and travel industry partners during a local campaign launch event on May 2 at the Bisha Hotel. Set to the lyrics of Kravitz’s hit song, Fly Away, the television commercialand supporting […]

Environmentalists air more concerns about Disney’s EIA of Lighthouse Point project

NASSAU, BAHAMAS – Five environmental groups have recently submitted a letter to the top sustainability officer of the Walt Disney Company, which raises questions about the adequacy of the environmental impact assessment (EIA) now underway for Disney Cruise Line’s proposed Lighthouse Point project in Bannerman Town, South Eleuthera. The directors of BREEF, EARTHCARE, reEarth, Save […]

BAHA MAR CELEBRATES TWO SPECTACULAR YEARS, THANKS TO OUTSTANDING ASSOCIATES

This month marks Baha Mar’s second anniversary since opening its doors on April 21, 2017. Over the last two years, Baha Mar has celebrated grand successes and accomplishments, having introduced three global hotel brands to Nassau, debuted new dining and entertainment concepts, created extensive opportunities for associates, increased its influence within the arts and cultural […]

SBDC hosts town hall meeting

NASSAU, Bahamas – Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest addressed the Small Business Development Centre’s (SBDC) Access Accelerator Southern New Providence Town Hall Meeting at Bahamas Faith Ministries Myles Munroe Diplomat Centre, April 18, 2019.  The town hall meeting attracted individuals with business ideas, who have yet to start a […]

Sands: Businesses readying for Disney development impact, but more details needed

NASSAU, BAHAMAS – President of the Eleuthera Chamber of Commerce Thomas Sands said yesterday that while there is a degree of optimism among the business community on the island after the government signed a heads of agreement with Disney Cruise Line to develop Lighthouse Point, South Eleuthera, some businesses owners are still not clear on the economic […]

Sands: Businesses readying for Disney development impact, but more details needed

NASSAU, BAHAMAS – President of the Eleuthera Chamber of Commerce Thomas Sands said yesterday that while there is a degree of optimism among the business community on the island after the government signed a heads of agreement with Disney Cruise Line to develop Lighthouse Point, South Eleuthera, some businesses owners are still not clear on the economic […]

Bahamas experienced strong economic performance, IMF says

Report credits government’s macroeconomic policies and programs NASSAU, BAHAMAS – The IMF said The Bahamas delivered “strong economic performance” last year, supported by what it said was strong macroeconomic policies and programs on fiscal reforms. It noted that with downside risks prevailing, maintaining the positive momentum realized requires broad-based reforms to strengthen institutions, improve competitiveness […]

IDB outlines The Bahamas’ deficiencies in various sectors

NASSAU, BAHAMAS – The Inter-American Development Bank’s (IDB) Latin American and Caribbean Macroeconomic Report 2019 points to range of deficiencies in The Bahamas’ utilities, road networks, technology, aviation and maritime sectors, while encouraging the use of public private partnerships to realize urgent upgrades. According to the report, while the systems and network of roads within […]

DPM: “Nothing is off the table”

NASSAU, BAHAMAS – While insisting that the Minnis administration’s fiscal consolidation plan for The Bahamas over the three years does not include increasing any existing taxes or introducing any new taxation measures, Deputy Prime Minister and Minister of Finance, Peter Turnquest said his ministry has continued to research various tax models to potentially respond to […]