Bahamas, June 19, 2017 – Spanish Wells – Commonwealth Bank staffers knew the opening of their newest branch on the island of Spanish Wells in North Eleuthera on June 6 was off to a strong start when they heard the voices.
“We were so surprised,” said Michelle Fox, Assistant Manager, Credit and senior officer at Spanish Wells branch. “We opened the doors to welcome the crowd that had already gathered and when they saw the balloons and all the decorations everyone started singing “Happy Birthday to Commonwealth Bank”!! The response every day since has been tremendous, people coming in to open accounts and processing other transactions.”
Commonwealth Bank’s presence represented the first time the island that prides itself on community-owned enterprises including a food store and fuel station has been home to an all Bahamian-owned and operated bank.
For Commonwealth, the bank with $1.6 billion in total assets, the Spanish Wells opening was the first venture into a Family Island since it opened its Marsh Harbour, Abaco branch 30 years ago almost to the day in 1997. A decade later, it opened a second branch in Grand Bahama.
The Spanish Wells opening was designed to fill a gap left by a departing bank that closed several smaller locations.
“Making banking convenient for residents and visitors to Spanish Wells and North Eleuthera complements our commitment to be the leader in personal banking services by providing excellence in every transaction,” said Ian Jennings, President.
The bank with 560 staff members and some 6,000 shareholders has reported a decade of growth and success, even during economically challenging years. It reported net earnings of $57.4 million in 2016 and has paid quarterly dividends consistently since going public with an oversubscribed offering in the year 2000.
U.S. Supports the RBPF With Additional Crime Fighting Vehicles on The Bahamas’ “Road to 50”
#TheBahamas, January 31, 2023 – Since 1973, the United States and The Bahamas have enjoyed a long-lasting security partnership. To mark this valued friendship, the United States Government, on January 31, 2023, renewed its support for the Royal Bahamas Police Force (RBPF) with 20 new Ford Police Inceptor Hybrid SUVs valuing nearly $1.4 million. The United States’ Chargé d’Affaires Usha Pitts; Prime Minister, the Hon. Philip Davis; Minister of National Security, the Hon. Wayne Munroe and RBPF Commissioner Clayton Fernander were on hand for the donation at RBPF East Hill Street Headquarters.
The 20 hybrid vehicles will be added to the 32 vehicles previously donated to the RBPF by the US government to help replace crucial infrastructure lost during Hurricane Dorian. Recovering from a hurricane is an arduous process that requires support at many levels, from roads and housing to mental health services. The U.S. government hopes these vehicles will contribute to one key step in the process: citizen security. These vehicles will not only assist the RBPF’s efforts to combat crime but will also reduce greenhouse gas emissions on the islands.
In her remarks Chargé Pitts noted, “these vehicles are just one example of the United States’ continued efforts to help for The Bahamas’ keep its citizens and visitors safe.”
Prime Minister Philip Davis showed his appreciation for this timely vehicle donation as it will assist with added capacity and increased saturation patrols on the streets. The Prime Minister added that residents will notice an increased police presence and the police will have new capacity to respond quickly to any criminal activity.
RBPF Commissioner Clayton Fernander highlighted that “we have noticeably taken more illegal firearms and ammunition off our streets in 2022. We have also seized more illegal drugs including marijuana and marijuana plants than in [previous] years. Suffice to say, we have efficiently utilized all 32 vehicles previously donated by the U.S. government in our crime fighting efforts.”
In recent years, the U.S. Government, through U.S. Embassy Nassau, has delivered more than $25 million to assist The Bahamas with efforts to fight crime. On behalf of the Bahamian people, Minister of National Security Wayne Munroe extended his gratitude for the U.S. government’s assistance noting “It seems that when we’re together there [is] always an occasion where they [U.S. government] have helped us and assisted us substantially.”
Captions: Credited to U.S. Embassy Nassau
Minister of Health & Wellness thanks Cuban nurses for their service during the COVID-19 Pandemic
The Ministry of Tourism, Investments & Aviation on Visitor Arrivals
#TheBahamas, January 30, 2023 – The Ministry of Tourism is extremely excited to announce that visitor arrivals to The Bahamas eclipsed seven million in 2022, signaling a return to pre-pandemic tourism numbers.
In total 7,000,706 visitors came to The Bahamas in 2022.
Deputy Prime Minister and Minister of Tourism, Investments, and Aviation Chester Cooper praised The Bahamas’ performance and the work put in by industry professionals across the board.
“The fact that we have exceeded expectations and attracted more than 7 million visitors to our country in 2022, something only done once before in a single year was no accident,” he said.
“Countless stakeholders in the Bahamian tourism industry, including our international partners, worked tirelessly to achieve this. We sought to strengthen relationships to open new air routes. We sought to make travel to The Bahamas easier, more accessible, and affordable and took the message that we were open for business during our Missions and provided insight on our wonderful offerings to the world.”
“According to statistics the second half of 2022 outperformed the second half of 2019,” he said. In 2022, 1,470,244 visitors came to our shores by air; another 5,530,462 visitors arrived by sea.
Nassau and Grand Bahama remained our most popular destinations by air, while Nassau and The Berry Islands remained our most popular destinations by sea. Foreign air and sea arrivals for 2022 were up by 233 percent over the same period in 2021 and just 3.4 percent shy of record arrivals in 2019. December 2022 saw total arrivals eclipse 900,000 visitors, more than any month in our history. Cruise arrivals in 2022 increased by nearly 400 percent over 2021 and were less than 1 percent below 2019 cruise arrivals.
Air and cruise arrivals monthly from July to December 2022 surpassed the corresponding month in 2019.
Occupancy rates for 2022 eclipsed occupancy rates for every corresponding month in 2021.
The average daily room rate in 2022 outperformed that category for every corresponding month in 2021. The Bahamas carved out new ground with more than 55 percent of first-time arrivals to The Bahamas, with increases in the United States, Canada, Europe, Africa, Asia, and the Middle East.
DPM Cooper confirmed that the last six months are the strongest The Bahamas has ever seen. He firmly concluded by saying; “What the Ministry of Tourism, Investments, and Aviation are forecasting so far and what forward bookings indicate, is that we are on track to break records in 2023. We don’t see this slowing down anytime soon.”
Mrs. Latia Duncombe, Director General of Tourism added that everyone should understand that tourism is critical to our economy and all Bahamians, even those who do not directly work in the tourism industry, should always seek to lift the industry up.
“We are all in the tourism business in The Bahamas. And it’s a great business to be in. We want to keep our brand fresh and evergreen. And that’s everyone’s job, especially mine. I have a great, hardworking team at our ministry and we have some incredible things in store this year.”
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