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GB Minister Says Government to Make it Easier for International Professionals to do Business in GB

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#Bahamas, November 15, 2017 – Grand Bahama – Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson said that the Government of The Bahamas is actively working on modernizing policies and procedures to make it much easier for international professionals to do business in Grand Bahama.

The ease-of-doing-business effort was one of many reasons Grand Bahama is an attractive destination, not just for vacation, but for business, the Minister said.   During his address to delegates who attending the 36th Triennial Conference in Grand Bahama, from November 13-18 at the Grand Lucayan, Minister Thompson listed a host of other features which he said made Grand Bahama a unique island in The Bahamas.

“We currently are in discussions to adjust our immigration policies to ease the process of travel and to gain residency here in The Bahamas,” Minister Thompson pointed out.   “We are inviting international companies, and hopefully clients like yourselves, and particularly those in manufacturing and technology industries to open up their head offices here in Grand Bahama.

“Our location and ready work force is ideal for development.   We are ideally also suited for housing international call centers and data storage centers.   Grand Bahama is simply a great place to live. We have affordable and ready available land just read for second home residents.

He congratulated the organizers of the Conference, pointing to the Federation’s outstanding achievement during their years of existence, during which time they experienced exceptional global reach.

“Throughout FIDA’s 73 years, the organization has been a vessel of change and progress through the provision of legal aid, educational programs and advocacy,” noted Minister Thompson.   “FIDA has been instrumental in the empowerment of women across the globe. Your efforts have been inspirational and we are honored to host you here in Grand Bahama.

listening intently“I wish to congratulate our very own president Jethlyn Burrows, FIDA’s international president, who exemplifies the values that FIDA stands for. We are very proud of what she has accomplished.”

The 36th Triennial Conference of the International Federation of Female Lawyers was held under the theme “the economic empowerment of women and children in an evolving world” and marked an historic moment in Bahamian history, as it was the first time FIDA has brought its conference to The Bahamas.

Minister Thompson encouraged international attendees that while in The Bahamas, they would take some time away from the conference to experience all that Grand Bahama has to offer.   He noted that Grand Bahama is more than just a place to visit, but a place where one could invest and do business.

Giving the conference delegates a little history of the island, Minister Thompson pointed out that the island of Grand Bahama has established itself as world renowned industrial and maritime center.

“Our close proximity to the United States, just 68 miles off the east coast of Florida, as well as our deep clear waters, has aided in the development of Grand Bahama’s Maritime Industry.   The Grand Bahama Shipyard Limited accommodates vessels from cruise, commercial and offshore segments of the maritime industry and is a world leader in dry docking, float repairs, refits, refurbishing and revitalizations.”

Minister Thompson gave the delegates insight into the special arrangement between the government and the Grand Bahama Port Authority through the Hawksbill Creek Agreement, which he noted, gave businesses in the Port area certain rights and benefits which helped to create a free trade zone on Grand Bahama Island.   This, he said, was really intended to spur economic development.

Further, Minister Thompson noted that the Government of The Bahamas has afforded business owners outside of the Port area, an opportunity to benefit from duty-free concessions.

“As we move forward in developing the future of Grand Bahama, I am completely certain that women will continue to play an important role in our economic advancement, in technology, politics, law, business and in many other industries.

“As exemplified in FIDA’s achievements, we expect that women will continue to play an important role in The Bahamas.”

By: Andrew Coakley (BIS)

Photo Captions:

LISTENING INTENTLY – Minister of State for Grand Bahama, in the Office of the Prime Minister, Senator Kwasi Thompson and President of the Senate, Senator Katherine Forbes-Smith listen intently during opening ceremonies of the 36th Triennial international Convention of the International Federation of Women Lawyers, Monday, November 13, 2017 at the Grand Lucayan.  (BIS Photo/Lisa Davis)

MINISTER OPENS LAW CONFERENCE – Minister of State for Grand Bahama, Senator Kwasi Thompson was the keynote speaker during opening ceremonies for the 36th Triennial International Convention of the International Federation of Women Lawyers at Grand Lucayan resort.  (BIS Photo/Lisa Davis)

 

 

 

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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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C&W COMMUNICATIONS PROUD TO BE ASSOCIATED AS ATHLETES “CHASE THE SUN”

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World Relays to be title sponsored by BTC, one of C&W’s local brands.

 

In just a few days, athletes from over fifty countries will converge in The Bahamas for the BTC World Athletic Relays Bahamas 24. C&W Communications, the parent company of BTC, is proud to be associated with this major event, which will see athletes from The Bahamas, Barbados, Jamaica, and Trinidad & Tobago competing for a place in the upcoming Olympic games in Paris.

Inge Smidts, CEO of C&W Communications, who also serves as Chair of the BTC Board of Directors will be in the stands to witness the highly anticipated relays. Smidts says, this was an event that she simply could not miss. “We are proud to support our Caribbean athletes, and we wish them well as they vie for a spot in the Olympic games.

The relays will be held one of in our markets, The Bahamas, and we are honoured to be the title sponsor of the event. The world relays represent the spirit of relentless courage and the willingness to succeed of the Caribbean people and of our business. Through partnerships like this we demonstrate our unwavering commitment to connect communities and change lives.”

In addition to its sponsorship of the event, Smidts says it was important that athletes, officials, and fans stayed connected during the games. “As a business we are focused on ensuring that our customers have access to faster, stronger, and more reliable connectivity, and we worked with our partners to make certain that athletes and guests remain connected.

We have offered e-sim cards, and we also worked with the major hotels to set up care centers to ensure that we address any connectivity concerns on the spot. Additionally, I am pleased to announce that BTC will provide free Wi-Fi at the stadium giving patrons and athletes the opportunity to share every riveting moment.”

BTC has hosted a special event just for the Caribbean athletes, at the newly renovated Queen’s Staircase in Nassau, a recently renovated historic landmark visited by thousands of tourists each day. This event gave athletes the opportunity to unwind, mingle, and to learn more about each other right before the competition.

This is the fourth time that BTC and its parent company C&W Communications have title sponsored the world relays. The BTC World Athletic Relays will be held at the Thomas A. Robinson Track & Field Stadium from May 4-5, under the theme, “Chase the Sun, from Paradise to Paris.”

 

 

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Bahamas News

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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