Industry Leaders will discuss regional recovery and plans for the future of tourism
#TheBahamas, September 14, 2022 – The Hon. I. Chester Cooper, Deputy Prime Minister (DPM) and Minister of Tourism, Investments & Aviation will lead a delegation, including Latia Duncombe, Acting Director General (ADG) and Dr. Kenneth Romer, Deputy Director General and Acting Director of Aviation, to the Caribbean Tourism Organization (CTO) Council of Ministers and Commissioners of Tourism Meetings, scheduled for 12-15 September 2022, at the Ritz-Carlton, Grand Cayman Island. The four-day CTO Business Meetings will be attended by Ministers of CTO member countries, Directors of Tourism, Senior Executives, media, aviation experts and regional students participating in the Caribbean Tourism Youth Congress. Conference discussions will focus on regional recovery following the pandemic and plans for the future of tourism.
The Caribbean Tourism Organization (CTO) is a tourism development agency for the Caribbean region, with 24 member countries. CTO’s vision is to “position the Caribbean as the most desirable, year-round, warm weather destination” and provides support to members in marketing, sustainable tourism, communications, and research & information technology.
DPM Cooper said, “We hope to build stronger relations with our tourism counterparts in the region and create a successful strategy that will enhance the Caribbean tourism product and facilitate economic recovery.”
He added, “We all have shared similar challenges and difficulties over the past two years due to the COVID-19 pandemic and are hopeful for a brighter future for Caribbean Tourism.”
During the conference CTO Council Ministers, Tourism Directors and private sector members of the Board will discuss and approve the work plan, budget and other proposals for special consideration. ADG Duncombe will give media briefings on the destination and present on Bahamas tourism developments and related matters.
The International Air Transport Association (IATA) will host its fourth Caribbean Aviation Day on Wednesday, 14 September, under the theme “Recover, Reconnect, Revive”, and will bring together top aviation and tourism executives, as well as government ministers and other experts in the field of aviation to discuss the sector’s biggest opportunities and key challenges across the Caribbean region, with the aim of identifying ways to rebuild a more competitive air transport sector in a post-COVID world. DPM Cooper is also scheduled to participate in a panel discussion to be moderated by Peter Cerda, IATA’s Regional Vice President for the Americas.
The Caribbean Youth Congress, which is an annual part of CTO’s Tourism Programme, will be held on the final day of the conference, and will bring together eleven Junior Ministers of Tourism from eleven Caribbean countries, including The Bahamas. The Junior Ministers will compete for the title of “Junior Minister of Tourism of the Caribbean” or “Junior Commissioner of Tourism of the Caribbean”. The regional title is held for one year and the winning student is given the opportunity to be involved in tourism-related activities throughout the year in his/her country to enhance their knowledge of tourism. The Bahamas is being represented at the Youth Congress by Junior Minister of Tourism Kelvin Archer.
CTO Business Meetings have been on hold since 2020, making this meeting the organisation’s first in-person event following the onset of the COVID-19 pandemic.
For more information, visit Bahamas.com.
MOTIA press release
Digital coin created for Caribbean’s Dominica as island partners with Huobi
By Shanieka Smith
December 2, 2022 – The Commonwealth of Dominica has partnered with cryptocurrency exchange Huobi, to issue its own national cryptocurrencies, Dominica Coin (DMC), and Digital Identity Documents (DID), already reports indicate a surge for the Huobi token.
This new collaboration with Dominica will bring the Caribbean one step closer to being a global cryptocurrency exchange centre. Huobi also announced its intention to move headquarters from Seychelles to the Caribbean.
It was explained, “The deal is noteworthy partly because of its connections to crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island’s new token will initially reside.”
Dominica Coin (DMC) and digital identity documents (DID) will be issued by Huobi Prime via the TRON network (a project dedicated to building the infrastructure for a truly decentralized Internet); both will serve as credentials for the future metaverse platform based in Dominica. DIDs can be used for cryptocurrency Know Your Customer verification, applying for loans, and opening bank accounts on the island.
The DMC is not yet ready for launch, but The HT token is up 15% over the last 24 hours to $7.12. It’s up 40% over the past seven days.
As one of the first Caribbean islands to adopt the citizenship-by-investment policy, the Dominican government is seeking to delve into the metaverse and Web3 technology as a means to boost the country’s development.
Imminent Worldwide Measles Threat; 25 Million CHILDREN miss First Dose
By Dana Malcolm
December 2, 2022 – Forty million children are at risk of Measles as what the World Health Organization is describing as an “imminent threat” takes shape. A joint report between the WHO and the U.S. Centres for Disease Control revealed that a record number of children missed their measles dose with 25 million children missing their first dose and 14.7 million children missing their second dose in 2021 alone.
Nine million cases of measles were recorded last year, twenty-two countries experienced large and disruptive outbreaks and 128,000 deaths occurred, the report says.
“The paradox of the pandemic is that while vaccines against COVID-19 were developed in record time and deployed in the largest vaccination campaign in history, routine immunization programmes were badly disrupted, and millions of kids missed out on life-saving vaccinations against deadly diseases like measles,” said Dr. Tedros Ghebreyesus, WHO Director-General.
Measles is easily one of the most contagious viruses in the world and while many people think itchy spots when they think of the disease it can cause pneumonia, seizures and brain damage in about 30 percent of infected individuals.
Herd immunity will not work with this disease, say experts, unless 95 per cent of people or more are vaccinated; only 71 per cent of children in 2022 are fully vaccinated.
“Measles anywhere is a threat everywhere” the report said, emphasizing that no WHO region has achieved and sustained measles elimination.
FTX founder Sam Bankman-Fried admitted he’d screwed up
By Shanieka Smith
December 2, 2022 – An interview with FTX founder Sam Bankman- Fried on Wednesday at the DealBook Summit revealed that there were no risk management teams or form of corporate control to help govern the organisation.
The CEO said he was shocked by what had taken place. While he had made loans to his hedge fund Alameda, Bank-Fried said he did not intentionally commingle the funds.
Bankman-Fried acknowledged that he had a responsibility to the company and all its customers but he “screwed up.” “There was no person who was chiefly in charge of positional risk of customers on FTX, and that feels pretty embarrassing in retrospect,” he shared.
The investigation is ongoing and it still needs to be clarified whether customers will be able to regain any funds.
Former Securities and Exchange Commission lawyer Howard Fischer said that Bankman-Fried’s comments are being scrutinised. “Everything he says that turns out to be contradicted by admissible evidence will be taken as evidence of deceit.”
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