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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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Health

Cleveland Clinic First in Ohio to Perform Robotic Nipple-Sparing Mastectomy  

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Health system is among only a handful in the U.S. to offer the minimally invasive robotic procedure Cleveland Clinic is among the first hospitals in the country – and the first in Ohio – to perform a robotic nipple-sparing mastectomy procedure, following recent clearance by the U.S. Food and Drug Administration.

Stephanie Valente, D.O., and a surgical team recently performed the first robotic nipple-sparing mastectomy with immediate breast cancer reconstruction at Cleveland Clinic Fairview Hospital. The procedure offers a new minimally invasive approach to breast cancer surgery and risk-reducing mastectomy for patients at elevated risk.

This milestone places Cleveland Clinic among a select group of centers nationwide offering the advanced technology and brings one of the newest innovations in breast cancer surgery to patients in Northeast Ohio.

“This robotic approach offers greater precision through a much smaller incision, which can mean less visible scarring and faster recovery,” said Dr. Valente, director of the Cleveland Clinic Breast Surgery Fellowship Program and director of the West Region Multidisciplinary Breast Program. “Compared with the traditional procedure, which requires a larger incision, this approach can improve cosmetic outcomes, preserve the skin and nipple, and support a more natural appearance after surgery.”

During the procedure, surgeons use a 3D camera and robotic instruments inserted through a small incision of one inch, typically hidden along the side of the breast rather than across the underside, to remove breast tissue while preserving the nipple, areola and skin. The robotic platform, the da Vinci SP Surgical System, provides enhanced visualization and precision while minimizing disruption to the overlying skin.

Robotic surgery gives the surgeon better visualization of the operative field in what is typically a technically challenging procedure. This enhanced view can improve nerve identification and preservation, reduce blood loss and allow surgeons to perform the same oncologic operation through a one-inch incision rather than the traditional five-inch open incision.

The robotic approach removes the same breast tissue as a conventional mastectomy, while changing how the surgeon accesses the breast. For some patients, breast reconstruction can be performed during the same operation.

This approach is designed to reduce scarring, enhance cosmetic outcomes, preserve the natural skin envelope and nipple, improve sensation and accelerate recovery. For some patients, the less visible incision may also support confidence and body image after surgery. The procedure further expands Cleveland Clinic’s minimally invasive breast surgery options, which include endoscopic nipple-sparing mastectomy.

“As a field, we haven’t had many new options for patients with breast surgery for a decade now, so we are pleased to now have these minimally invasive procedures available for our patients,” said Dr. Valente. “Innovations like this support a more patient-centered experience as they allow us to address both the physical and emotional realities of breast cancer.”

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News

Invest Turks and Caicos Officially Opened Caya Hico Collective, Grand Turk MSME Storefront

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Providenciales, Turks and Caicos Islands – Friday, 2nd October 2026: Invest Turks and Caicos officially opened Caya Hico Collective, the Grand Turk MSME Storefront, on Friday, September 18, 2026, marking a significant milestone in the Agency’s ongoing efforts to support local entrepreneurs, expand access to market opportunities, and strengthen the small business ecosystem.

Caya Hico Collective has been established as a dedicated retail space to showcase and sell locally made products, initially featuring entrepreneurs participating in the MSME Programme. As the initiative develops, there are plans to expand participation to include other small businesses producing locally made goods, including those not directly supported under the Programme. The storefront will provide local businesses with greater exposure and direct access to both residents and the thousands of visitors who arrive in Grand Turk each year creating stronger linkages between local entrepreneurs and the tourism economy. The store currently features fourteen (14) inaugural vendors, representing a diverse selection of local businesses and products from across the Turks and Caicos Islands.

Speaking on the significance of the initiative, Ms. Alexa Cooper, Chief Domestic Investment Officer, said:

“This storefront represents a practical and meaningful step in supporting our MSMEs by providing access to market, one of the most critical components of business growth. It is a space where local talent, creativity and entrepreneurship can be showcased, supported and connected with new customers.”

A Name Chosen by Grand Turk’s Youth

The name Caya Hico Collective was selected through the Grand Turk MSME Storefront Naming Competition, an initiative conducted in partnership with H.J. Robinson High School. Students were invited to propose an original name that reflected Grand Turk’s identity, culture and heritage while also being suitable for a storefront showcasing locally made products.

Following an independent judging process, Mauvarii Selver was selected as the competition winner for the submission Caya Hico Collective.

The name was recognised for its cultural and historical significance, distinctiveness and strong storytelling potential. “Caya Hico” is derived from the Lucayan term meaning “string of islands,” reflecting the archipelagic identity and heritage of the Turks and Caicos Islands. The use of “Collective” further reflects the purpose of the storefront: bringing together products from multiple local entrepreneurs under one shared retail platform. Together, the name Caya Hico Collective connects the Islands’ heritage with the initiative’s vision of bringing local businesses, products and creativity together in one space.

The naming competition provided students with an opportunity to participate directly in a real-world branding exercise and contribute to an initiative that will form part of Grand Turk’s commercial and tourism landscape.

Mauvarii was formally recognised during the opening ceremony, alongside the other students who participated in the naming competition, the inaugural MSME vendors, and key stakeholders whose contributions supported the successful development and opening of the storefront.

Angela Musgrove, Chief Executive Officer of Invest Turks and Caicos, added:

 “Caya Hico Collective is more than a retail space. It reflects our continued focus on strengthening linkages between local businesses and the tourism sector, creating more opportunities for MSMEs to reach visitors, increasing sales and participate more fully in the tourism economy. At the same time, it gives visitors greater access to authentic products that reflect the creativity and culture of the Turks and Caicos Islands.”

Supporting Local Enterprise and Tourism Linkages

Caya Hico Collective is expected to serve as an important platform for local entrepreneurs by increasing the visibility of locally produced goods, creating additional sales opportunities and providing visitors with greater access to authentic products from the Turks and Caicos Islands.

Through the storefront, Invest Turks and Caicos aims to encourage residents and visitors alike to discover, purchase and support locally made products, while creating a stronger connection between entrepreneurship, culture and the visitor experience in Grand Turk. The initiative is intended to increase opportunities for local businesses to benefit from tourism activity by connecting visitors directly with locally made products that showcase the creativity and talent of entrepreneurs across the Turks and Caicos Islands. This forms part of Invest Turks and Caicos’ broader commitment to promoting economic diversification, sustainable business development and stronger linkages between local enterprises and the tourism sector.

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Bahamas News

Walk for the Cure Every Saturday This October  

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Nassau, Bahamas, 1 October 2026 – Every Saturday this month, communities across The Bahamas will take steps in support of cancer patients and survivors as CIBC Caribbean’s Walk for the Cure returns to New Providence, Abaco, Eleuthera, and Grand Bahama.

CIBC Caribbean Head of Country, Terrance Gibson, said, “Each Saturday in October represents another community coming together, another opportunity to raise awareness and, most importantly, more support for the organizations that are doing this work every day.”

The month of activities begins this Saturday, October 3, in New Providence, with participants gathering at the Goodman’s Bay Corporate Centre for a 6:30am start.

CIBC Caribbean Walk Champion, Antionette Fox, said the series of walks gives communities across the country an opportunity to contribute to a cause that directly supports Bahamian cancer organizations.

“Every Saturday for the month of October, there will be a walk that you can participate in to contribute towards this worthy cause,” Fox said.

In New Providence, the morning will extend beyond the walk itself, with Zumba, wellness activities, informational vendors, and opportunities for participants to connect with organizations working directly with cancer patients and survivors.

Gennie Dean Caring and Sharing Cancer Support Group President Duquesa Dean said participants do not have to complete the full route to be part of the morning.

“Just come out…there is something for everyone, come for the community,” Dean said. “There’s a survivor ceremony, so come and participate and celebrate the people who have gone through cancer and are here as evidence that you could live after a cancer diagnosis.”

The Gennie Dean Caring and Sharing Cancer Support Group is one of eight cancer organizations in The Bahamas that benefit from funds raised through Walk for the Cure. The others are the Sister Sister Breast Cancer Support Groups of New Providence and Grand Bahama, Cancer Society of The Bahamas, the Cancer Societies of Abaco, Eleuthera, and Grand Bahama, and the Cancer Association of Grand Bahama.

Dean explained that CIBC Caribbean covers the cost of staging WFTC, allowing donations raised to support the work of beneficiary organizations.

For her organization, that assistance translates into tangible support for people navigating cancer, including food assistance, financial aid, prosthetic breasts, and mastectomy bras, as well as programs such as Step Into Wellness, which promotes movement and healthy living among cancer patients and survivors.

Corporate partners are also helping to strengthen this year’s effort. Bamboo Shack has joined the initiative as a gold sponsor, with representative Ghandi Pinder sharing that the cause has a personal significance for her.

Pinder recalled shaving her hair in solidarity with her sister after she was diagnosed with an aggressive form of breast cancer and began losing her hair during chemotherapy.

“We see you, we’re here with you, we’re in it with you,” Pinder said of Bamboo Shack’s message to those affected by cancer.

She also encouraged more of Corporate Bahamas to support initiatives that directly impact the communities they serve.

“At Bamboo Shack, we always say a better Bahamas begins with you… Together, we can make a difference,” she said.

Registration for Walk for the Cure is $30 for adults and $15 for children and can be completed at any CIBC Caribbean branch. CIBC Caribbean clients can also donate through online banking.

The New Providence Walk begins promptly at 6:30am on Saturday, October 3, at the Goodman’s Bay Corporate Centre, followed by Walk for the Cure events in other islands each Saturday throughout October. The Grand Bahama WFTC event will be held on October 10 and the Abaco and Eleuthera WFTC events will occur on October 17 and October 24 respectively.

Gibson added, “Some will walk for themselves, some in celebration of a survivor, and others in memory of someone they have lost. Whatever brings you to Walk for the Cure, every person who shows up becomes part of a much bigger expression of support for those affected by cancer.”

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