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BAHAMAS: Statement from the Office of the Prime Minister Concerning Disney HOA

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#Nassau, March 12, 2019 – Bahamas – Prime Minister the Most Hon. Dr. Hubert Minnis issued the following statement on the Heads of Agreement for the proposed development at Lighthouse Point, Bannerman Town, South Eleuthera:

“In the interest of transparency and accountability the Heads of Agreement signed with Disney Island Development, Ltd on Thursday, March 7, 2019 will be tabled at the earliest meeting of the House of Assembly, on Wednesday, March 20, 2019.

“The Government announced the signing of the Heads of Agreement at a Town Hall meeting in South Eleuthera on March 9, 2019 out of respect for the island’s residents.

“Immediately following the announcement, the Office of the Prime Minister released an extensive press release outlining key points of the Heads of Agreement, including:

  • Construction of the project will not begin until the Environmental Impact Assessment and Environmental Management Plan are reviewed and approved.
  • Approximately 190 acres of the land purchased from the private seller, including the southernmost point of the property, will be conveyed to the Government of The Bahamas for conservation and a national park. The appraised value of the land donation is $6.29 million.
  • The creation of 120 construction jobs, and 150 permanent jobs with health benefits in a range of positions for Bahamians.
  • A variety of entrepreneurial opportunities for residents of Eleuthera and Bahamians in general.
  • Access to the property for all citizens and residents of The Bahamas for non-commercial purposes.
  • Integration of Bahamian cultural and artistic expression into the design of the site and experiences offered.
  • Disney will partner with agencies to develop training and professional development programs, including the LIM Maritime Academy, Access Accelerator (Small Business Development Center) and the Hospitality Institute of the University of The Bahamas.

“This project is line with the government’s plan to expand the economy of our country and economic opportunities for our people by promoting development in the Family Islands.

“I want to assure all Bahamians of the Government’s commitment to act in the best interest of Bahamians, at all times, in an accountable and transparent manner.”

Office of the Prime Minister

March 11, 2019

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Bahamas News

GBPA’S STATEMENT IN RESPONSE TO THE ADDRESS OF PRIME MINISTER PHILIP DAVIS AT THE G.B. CHAMBER’S BUSINESS MEETING ON MONDAY, MAY 6TH, 2024

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The Grand Bahama Port Authority has taken note of calls from our licensees, the residents of Grand Bahama and several current investors for a response to Monday’s address by Prime Minister Davis.

We take this opportunity to once again reassure these valued stakeholders that GBPA remains laser-focused on the task at hand. We are working every day to deliver the $2B-plus of investments which the GBPA Group of Companies, through its affiliates, either initiated, is invested in, or is contractually involved in creating, and was instrumental in bringing the investors to the table.

At the same time, it is important that GBPA corrects any inaccurate, incomplete or selective representations regarding matters that impact our stakeholders. In the near future, therefore, GBPA intends to host a live event with its stakeholders to ensure that all the matters discussed in the public domain are placed in their proper context and the historical record is set straight.

In the meantime, we encourage our stakeholders to remain confident in the resilience and potential of Freeport, and in our pledge to continue working diligently to see a prosperous future for Grand Bahama.

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Bahamas News

Bahamas economic growth

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Rashaed Esson

Staff Writer

The Bahamas’ economy is in good standing according to reports from the Bahamas National Statistical Institute which released the Quarterly Gross Domestic Product Series. They indicate that quarterly GDP trends for 2023 saw increases compared to 2022, a sign of recovery from the Covid 19 pandemic.

The most significant increase was 9.9 percent in the first quarter of 2023, and the industries responsible for the growth include Accommodations and food, construction and Arts.

 

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RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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