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House Communication By Minister Of Tourism The Hon. Obediah Wilchcombe On Meetings With Major Investors In London

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COMMUNICATION

BY

THE HON. OBEDIAH H. WILCHCOMBE

MINISTER OF TOURISM
AND MEMBER WEST GRAND BAHAMA AND BIMINI

MEETINGS WITH MAJOR INVESTORS IN LONDON

DATED: DECEMBER 9th, 2015
Mr. Speaker,

Following participation in the Commonwealth Heads of Government Meeting in Malta, and the Climate Change Summit in Paris, attended by Heads of State from across the globe, the Prime Minister and his delegation spent two days in London last week, engaged in vital and fruitful discussions with major investor groups in The Bahamas.

We took the opportunity of holding frank, timely and encouraging discussions with principals of the Hutchison Group headquartered in Hong Kong. This huge conglomerate is among the largest and most influential investors in Freeport, Grand Bahama. The Group recently underwent a restructuring of holdings and responsibilities under two umbrella companies, Hutchison Port Holdings Ltd. of which Mr. Canning Fok is Group Managing Director, and Cheung Kong Property Holdings Ltd. of which Mr. Raymond Chow is Group Managing Director. They travelled from Hong Kong to London for the meetings and were joined by divisional senior executives based in London, Hong Kong and Freeport. Hutchison Port Holdings Ltd. has responsibility for ports and CK Infrastructure Holdings Limited has responsibility for properties, real estate and resorts. Both of these entities have considerable investments in Freeport in the port, the airport, vast real estate holdings, hotels, and the Port Group of companies.
Mr. Speaker,

With the concessions of the Hawksbill Creek Agreement relating to real property tax, capital gains and income taxes expiring in February, 2016, the opportunity was taken to provide an update on the work of The Hawksbill Creek Review Committee and the steps being taken by Government regarding any proposed extension or otherwise of these particular concessions. Hutchison’s local representatives have participated fully in the Review process, and their senior executives provided useful responses and insights in relation to the concessions, the maintenance of their existing businesses, further investment, and the attraction of new investors to Grand Bahama.

At the outset of the meeting, we reiterated the terms of reference of the Hawksbill Creek Review Committee and the need for a paradigm shift in the governance of Freeport having regard to present realities, including the expectations of both the people of Grand Bahama, and investor/licensees, the inertia, division and loss of strong/visionary leadership at the Grand Bahama Port Authority. We pointed out that it was important in this context for the Government to forge a strong partnership with the Hutchison Group in arresting this situation, and in maintaining a dynamic environment in which private investments would flourish and sufficient revenues generated to adequately meet public expenditure requirements, as was not now the case. While stressing the need for greater Government involvement in governance and regulation and stronger partnership between Government and Freeport licences, we pointed to the requirement for greater efficiency and flexibility on the part of both Government and the Grand Bahama Port Authority in ensuring Freeport’s competitive edge with the rest of the world with ever changing circumstances.

Mr. Speaker, the executives of Hutchison Port Holdings and CK Property Holdings stated that they shared some of the same concerns raised by the Government. They had invested one billion dollars in Freeport and had not realized a satisfactory return on their investment. Their hotels particularly were sustaining heavy losses, nevertheless they kept meeting the shortfall and kept the hotels opened without laying off staff. Lighthouse Point hotel was being renovated for opening this winter season. They indicated that more airlift and marketing was needed to make the properties profitable, notwithstanding the major efforts being made in this regard by the Ministry of Tourism. The cost of operating Hutchison properties were also adversely affected by the high cost of labour in Freeport.

Mr. Speaker,

In committing to further investment in Grand Bahama including the Phase V expansion of the Container Port, in pursuing the development of a logistics centre and the development of their extensive real estate holdings, Hutchison Port Holdings and CK Property Holdings indicated that such further investment would require certainty on the extension of the expiring real property tax, capital gains and income concessions.
Overall productive discussions were had in relation to the following:

Early start of expansion of container port and related facilities.
Pursuing with partners the development of the Air/Sea Business Logistics centre.
Upgrade of the Grand Bahama International Airport and pursuant of a Public/Private partnership in its ownership and operator.
Agreement for Waiver of Exclusivity between Freeport Harbour Company and Government in relation to cruise ports, offshore cruise moorings in Grand Bahama.
Cruise port project for East Grand Bahama
Plans and initiatives to re-invigorate the hotel, casino, golf courses, and real estate holdings.
Timely completion of the Review of the expiring concessions under the Hawksbill Creek Agreement.
Matters relating to the revitalization of the Grand Bahama Port Authority, licensing and regulatory functions.

Mr. Speaker,

The Mediterranean Shipping Company is a major owner of cargo vessels and cruise ships headquartered in Geneva, which are also partners with Hutchison Port Holdings in the Freeport Container Port. Mr. Diego Aponte, President and CEO of MSC Shipping, Mr. Pierfrancesco Vago, Executive Chairman of MSC Cruises and Mr. Gianluca Suprani, Head of Global Port Development and Shore Activities also travelled from Geneva to London, where we held encouraging and wide ranging discussions on their present and expanding investments in The Bahamas. They were given a similar briefing as provided to Hutchison Group on the Review of the expiring concessions under the Hawksbill Creek Agreement, the need for a strong partnership between MSC and the Government in relation to the future governance, regulation and development of Freeport, the revitalization of the Grand Bahama Port Authority and the attraction of new and value added business to The Bahamas.

Mr. Speaker,

MSC confirmed their readiness to proceed with the $250 million phase V expansion of the Freeport Container Terminal in partnership with Hutchison Port Holdings. Currently they move 1 million containers a year to Freeport and with phase V expansion that number will be doubled. In addition they will proceed early in the New Year with the establishing of a Marine Training School in Freeport. They will train and recruit Bahamians to staff their cruise ships and serve as mariners on both their cargo vessels and cruise ships in collaboration with the Ministry of Education, Science & Technology, the Ministry of Transport & Aviation, The College of The Bahamas, and The Ministry of Labour & National Insurance, The National Training Agency and other local institutions.

We finalized our discussions on a Heads of Agreement to be executed in Nassau next week relating to an imaginative and exciting Ocean Cay Port project and the aforementioned Grand Bahama initiatives. Work on the project which will be lushly tropically landscaped, include picturesque beaches, water sports, numerous attractions, entertainment, facilities, shops etc. to be operated by Bahamians. Due care and attention will be given to preserving the marine and natural environment. MSC will position a new class of cruise ships which will call at both Ocean Cay and Nassau, catering significantly to affluent Europeans.

MSC has also shown interest in another major business opportunity in Freeport which would considerably impact the Freeport economy.

During our discussions MSC executives indicated their strong confidence in the Government and economy of The Bahamas.

Mr. Speaker,

I should like to recognise the invaluable contributions of the delegation that participated to these London meetings which involved much advance preparation. The delegation led by the Prime Minister included the Minister of Tourism, The Honourable Obediah Wilchcombe, The Attorney General & Minister of Legal Affairs, The Honourable Allyson Maynard-Gibson, The Minister for Grand Bahama, The Honourable Dr. Michael Darville, Senior Policy Advisor, Sir Baltron Bethel, Chairman Hawksbill Review Committee, Dr. Marcus Bethel, Consultant Ministry for Grand Bahama, Mr. Albert Gray. Administrative support was provided by Mrs. Candia Ferguson, Director of Investments and Ms. Kristal Bethel, Director, Office of Senior Policy Advisor.

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Bahamas News

New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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Firearms, Migration Enforcement and 61% Crime Drop Highlight Bailey’s Year in Review

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By Deandrea Hamilton

PROVIDENCIALES, Turks and Caicos Islands — The dramatic decline in murders may have captured public attention, but newly released Year in Review graphics from Police Commissioner Fitz Bailey reveal a much broader policing strategy that the Royal Turks and Caicos Islands Police Force says is producing measurable results across the territory.

Among the standout achievements highlighted in the Commissioner’s 2025-2026 review is the recovery of 22 illegal firearms and more than 500 rounds of ammunition during 2025.  The graphics also show that four additional illegal firearms were seized during the first quarter of 2026.

The Police Force credits proactive policing, intelligence-led operations and community partnerships with helping remove weapons from the streets and reducing opportunities for violence.

The review also points to what may be the most significant statistic in the package: a 61 percent reduction in overall crime.  While the graphics do not provide a detailed breakdown of offences contributing to that decline, the figure suggests improvements extended well beyond homicide investigations and into broader categories of criminal activity.

Other accomplishments cited include strengthened border security operations, the detention of more than 1,100 irregular migrants, the dismantling of illegal settlements, the launch of a Human Trafficking Unit and expanded highway patrol initiatives.

The Force also highlighted increased engagement with communities through schools, churches and outreach programmes, investments in officer training and professional development, and modernization of information technology and communications systems.

For the tourism-dependent Turks and Caicos Islands, the review sought to reassure visitors that the destination remains safe.  Police recorded 43 incidents involving tourists during the review period, including 18 offences against the person, 23 property-related offences and two offences against the state.

Using annual visitor estimates of approximately two million arrivals, the Force argues that tourists remain overwhelmingly safe while vacationing in the territory.

The review also confirms the much-publicized reduction in murders. According to the data, murders fell from 48 in 2024 to 27 in 2025, representing a 43.75 percent decline.  The graphics further indicate that no murders were recorded during the first quarter of 2026.

While the figures paint a picture of improving public safety, they also raise questions that many residents will likely want answered as the conversation turns from crime reduction to criminal accountability.

Notably absent from the review are statistics related to arrests, charge rates, case clearances, prosecutions and convictions.  The graphics demonstrate that crime is declining and that firearms are being removed from communities, but they do not indicate how many suspects were arrested in connection with major crimes, how many cases resulted in charges, or how many offenders were ultimately convicted before the courts.

Those metrics have long been viewed as important measures of police effectiveness, particularly in serious crimes such as murder, shootings, robberies and firearms offences.  While the latest review focuses heavily on outcomes and operational achievements, future reporting on arrest and conviction rates may provide a more complete picture of how successfully the criminal justice system is converting police investigations into courtroom victories.

Still, Commissioner Bailey’s review makes a clear argument: that a combination of proactive policing, strategic enforcement, border security initiatives and community engagement has contributed to a safer Turks and Caicos Islands.

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Bahamas News

Nassau Opens CDB Annual Meeting at Baha Mar This Week

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NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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