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BAHAMAS: Jibrilu says costs of recent ‘Super’ Hurricanes on regional tourism/economies have been monumental

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#Nassau, September 28, 2018 – Bahamas – Losses as a result of damage caused by super storms Hurricanes Irma and Maria, estimated at more than $5Billion US Dollars, highlight the importance for the region to allocate resources to disaster risk mitigation and preparedness “in order to ensure that the respective destinations rebound as quickly as possible” Director-General at The Bahamas’ Ministry of Tourism, Mrs. Joy Jibrilu said.

Mrs. Jibrilu said the recent onslaught of hurricanes (particularly Hurricanes Irma and Maria in 2017) have had the most significant impact on the socio-economic development of the region. The most affected sectors were tourism and housing respectively.

“While it is prudent that we pay attention and develop effective strategies to manage and mitigate the many risks with the potential to bring disaster to our destinations, the onslaught of hurricanes in our region has had the most significant impact on socio-economic development,” Mrs. Jibrilu added.

Addressing a Bahamas Ministry of Tourism/Caribbean Tourism Organization/Caribbean Development Bank Sustainable Tourism Policy Framework/Disaster Risk Management Workshop at Breezes SuperClubs Resort, September 25, 2018 Director-General Jibrilu stated the workshop was an important regional initiative that was intended to “protect an industry that is a major contributor to our livelihood.”

She said: “With the recent impacts of Climate Change on global economies, it is imperative that regional communities such as the Caribbean region begin to recognize the enormous threat that this phenomenon has, not only on our tourism economy, (but) on our very standard of life, and urgently develop effective strategies to mitigate its impact on life, property and infrastructure.

“These workshops are critical activities which underpin the project, ‘Supporting a Climate Smart and Sustainable Caribbean Tourism Industry.’  I congratulate the Caribbean Tourism Organization for spearheading this important regional initiative. To protect the image of our respective destinations, we must all be vigilant of the various threats that can adverse impact on our economic lifeblood – our tourism economy.”

The workshop, she affirmed, will reinforce the importance of collective efforts in mitigating and effectively responding to the threat of disaster whether it be natural, fire, health outbreak or any other that puts at risk the safety of citizens or visitors.

 

 

By Matt Maura

Release:  BIS

 

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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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Bahamas News

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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