Connect with us

Bahamas News

Bahamas Signs $12 Million Bilateral Agreement With China for Economic and Technical Cooperation

Published

on

#Nassau, February 22, 2019 – Bahamas – The Government of The Bahamas, via the Ministry of Foreign Affairs has signed a $12 million bilateral agreement with the Government of the People’s Republic of China.  The Signing Ceremony took place on Thursday, February 21, 2019 at the Ministry, and is a commitment from China to provide funds for development projects in the country.

Minister of Foreign Affairs, the Hon. Darren Henfield thanked the Chinese Government for their commitment and said that the funds would be used for upgrades to the National Stadium and other Bahamian development projects.

“It is important to note that this agreement is the second such offer to The Bahamas in recent years, and, in total, the Chinese Government has donated approximately US$24 million in grants for Bahamian development projects,” said Minister Henfield.

Chinese Ambassador to The Bahamas, His Excellency Huang Qinguo said that today was a ‘good’ day for the two countries.  He said he was pleased to sign the agreement on behalf of the Chinese Government, and that partnerships such as these meet one of the Chinese people’s objective of assisting other developing nations.

“We hope that this new assistance provided by China can be used for projects to improve the livelihood and infrastructure for the people of The Bahamas,” he said.  “China has proactively promoted international development and cooperation with other countries for construction projects.”

During the signing ceremony, Ambassador Huang Qinguo advised that, as the largest developing country, China was interested in “providing assistance to the best of its ability to other developing countries within the framework of South-South cooperation,” and anticipated that the projects emanating from the grant would promote economic and social development in The Bahamas and improve the livelihood of Bahamians.

“The Bahamas Government looks forward to working closely with the Government of China as we continue to forge partnerships that are of mutual benefit to our two countries, and continue to build upon already robust relations,” said Minister Henfield.

Also in attendance at the ceremony were: Permanent Secretary at the Ministry of Foreign Affairs, Jack Thompson and Acting Permanent Secretary at the Ministry of Public Works, Antoinette Thompson.  Mr. Fan Jinke, Chief of Economic and Commercial Affairs at the Chinese Embassy in Nassau, accompanied Ambassador Huang.   

By Betty Vedrine

Release: BIS

Photo Caption: The Government of the Commonwealth of The Bahamas signed a $12 million bilateral agreement with the Government of the People’s Republic of China on Thursday, February 21, 2019 at the Ministry of Foreign Affairs. Pictured: Minister of Foreign Affairs, the Hon. Darren Henfield (right) and the Chinese Ambassador to The Bahamas, His Excellency Huang Qinguo.  

(BIS Photos/Kristaan Ingraham)

Continue Reading

Bahamas News

Bahamas economic growth

Published

on

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.

 

Continue Reading

Bahamas News

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

Published

on

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.”

 

 

Continue Reading

Bahamas News

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

Published

on

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.

 

 

Continue Reading

FIND US ON FACEBOOK

TRENDING