Connect with us

Bahamas News

New KMW Plaza Opens in Grand Bahama

Published

on

#Freeport, GB, May 10, 2019 – Bahamas – Minister of State for Grand Bahama, Senator Kwasi Thompson says while doing business in Grand Bahama has its share of challenges, he’s moved by business owners who, despite the challenges, have continued to persevere.

During the ribbon cutting ceremony for the opening of the new KMW Plaza, on Thursday, May 9, 2019, Minister Thompson said the owners of the new plaza provide motivation and hope for all Bahamians in Grand Bahama.

“The work of these entrepreneurs, like Mr. Jones and Mr. McCartney are in alignment with the government’s commitment to small business development and entrepreneurial empowerment,” added Minister Thompson.  “And this is what we like to see, Bahamians owning their country and empowering other Bahamians to do the same.  We’ve set out to create an environment especially conducive to the creation and expansion of small and medium-sized businesses, which are essential to the communities.

“These are the kinds of businesses that should really be our focus, because they are the strength and the backbone of our economy.”

KMW Plaza houses several businesses such as Mulligans Meats and Spices, two beauty supply stores, a church, and a section of Terreve College.  Expansion of the Plaza has enabled other businesses to set up shop in the establishment.

Senator Thompson said that small business development is important for the island, and that’s why there has been the establishment of the Grand Bahama Small Business Development Centre this year as part of a national initiative, in which there will be millions of dollars available for small business startups.

Minister Thompson said that the expansion of KMW Plaza provides motivation for all those small entrepreneurs who believe that they can make a difference in Grand Bahama.  “It is truly pleasing to see Grand Bahamians pouring into the economy that they want to see thrive,” said Minister Thompson.  “It’s always an exciting and proud moment, to not only witness, but to share in local businesses achieving major milestones. This plaza is certainly a testament to the growing confidence with the owners having injected some $600,000 into the economy, through this renovation and expansion project over the past several years.

“I wish to extend commendation to you who originally started the operation of KMW Batteries and Tires in 2004 and later purchased this facility as a dilapidated building, making steady progress in the renovation work.  “You have certainly come a long way and for that applaud you.”

Minister Thompson pointed out that in addition to the expansion carried out by KMW Battery and Tires, the government has also seen an increase in investor confidence among both foreign and Bahamian investors.  He cited the start up or expansion of businesses like Pirate’s Cove, Goombay Land Skating Ring, FOWLCO Logistics, Sawyer’s Super market, Home Fabrics, the expansion of Omni Financial, expansion of Pharma Chem, Elnet Maritime, Pelican Bay and other projects coming on stream.

“We would like to see more such businesses in Grand Bahama expanding their business, which continues to be proof of their confidence and hope for the Grand Bahamian economy,” said Minister Thompson.

By Andrew Coakley

Release: BIS

Header: Minister of State for Grand Bahama, Senator Kwasi Thompson (second right), who was the guest speaker at the official opening of the new KMW Plaza, looks on as Joetha Jones cuts the ribbon to the new Plaza, following a ceremony on Thursday, May 9, 2019.  Also looking on are Michael Jones (centre), manager of KMW Plaza; Member of Parliament for Pineridge, Frederick McAlpine (third right) and Mr. McCartney, one of the owners of the Plaza.  

Insert: Minister of State for Grand Bahama, Senator Kwasi Thompson (right), along with Member of Parliament for Pineridge, Frederick McAlpine (left) stand in front of the KMW-sponsored student art competition ‘first place winner’ painting, in the hallway of the new Plaza.  Michael Jones, KMW manager, is second left, with Mrs. Joetha Jones.  

(BIS Photo/Lisa Davis)

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