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Grand Bahama Minister states tourism growth experienced on island

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#Nassau, June 27, 2019 – Bahamas – Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson, on Monday, June 24, stated that while growth has been experienced over the past year, much more is expected.  Minister Thompson was making his contribution to the 2019/2020 Budget Debate in the Senate.  

There has been an increase in air arrivals in January, February and April of 2019; and for the calendar year of 2018, air and sea arrivals were up by 9.1 percent, he said.

There has also been an increase in exemption totals, since the increased duty allowance to $500 last year.  “Every dollar exempted, is a dollar saved by Bahamians either to buy more goods or to keep in their pockets.”

He also noted that there has been slight decrease in the unemployment numbers for Grand Bahama. “The latest Labour Force Survey which provides an indication of employment numbers between May 2018 and November 2018.

“Grand Bahama showed a significant decrease in the unemployment rate, from 12.4% to 11.9%.  It is the first time since 2008, the year which we commonly refer to as the modern day Great Recession, that the employment rate decreased below 12%.”

He continued, “It is also important to highlight that the number of discouraged workers also fell in Grand Bahama at a rate of 9.8%. This is a good indication that not only are more people finding employment but more people are hopeful of finding employment. These are two very good results for Grand Bahama.

“We are therefore motivated to work even harder. We also recognize that while the numbers show that generally things are getting better, we know things are not getting better for everyone. We all have a lot more work to do until we fulfil Grand Bahama’s true potential.”

Minister Thompson also referenced major tourism developments lined up for the island.   The Proposed ITM/ RCL investment – sale of Grand Lucayan and upgrades to the Grand Bahama Cruise Port. He said, “The signing of a Letter of Intent confirmed the agreement to enter into exclusive negotiations with Royal Caribbean International and the ITM Group for the purchase of the Grand Lucayan Resort and the redevelopment of the Freeport Harbour into a cruise port of choice. These negotiations have been taken place since April.

“Since creating Lucayan Renewal Holdings Ltd., the government has made it a priority to seek out the best purchaser for the 217-acre Grand Lucayan Resort in an effort to breathe new life into the island’s economy and create new employment opportunities for Grand Bahamians.

“What makes this joint venture project between RCI/ITM unique and exciting is it aims to combine the redevelopment of the Freeport Harbour as a cruise port of choice and transform the Grand Lucayan Resort into a theme park, featuring water-based family entertainment, with dining, gaming and entertainment options, and 5-star hotel accommodations. 

“Significant demand for both airlift and sealift to the destination is being created including the unleashing of much needed economic opportunities. The redevelopment of the Freeport Harbour is anticipated to include significant increase in cruise ship arrivals bringing an additional approximately 2 million passengers annually with the addition of multiple cruise lines calling on Grand Bahama.”

It is anticipated that some 2,000 jobs are expected to be created in the first phase.

Turning his attention to the much anticipated Carnival Cruise Port, Minister Thompson noted that this will be built on 329 acres of land and once completed, Grand Bahama will be home to Carnival’s largest cruise port to date, which will be able to accommodate up to six vessels at any given time. “Carnival has created a new website dedicated to the project [that it describes as such]: ‘The Grand Port project will be located at the Sharp Rock site, ensuring convenient movement between the cruise port and the main population center of Grand Bahama, which is just a few minutes away. This will generate considerable commercial activity on-island, further to the obvious impact of additional cruise calls.  The expanded commercial activity will allow the whole island to benefit from this development. The project will be designed and maintained to showcase the natural beauty and culture of the island.   It will reinvent Grand Bahama as a destination.’ ”

By Robyn Adderley

Release: BIS

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Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

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The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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The Bahamas Celebrates Andrew Young at 94 – A Legend Honoured with Love at Baha Mar Gala

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The Bahamas, March 18, 2026 – The Bahamas showed its deep affection for one of the world’s most respected civil rights leaders as Ambassador Andrew Jackson Young Jr. celebrated his 94th birthday in grand style at a gala held at the Eccho Art Gallery, Grand Hyatt Baha Mar on March 12, 2026.

The evening was filled with tributes, laughter and cultural pride, reflecting what many guests described as a genuine bond between Young and The Bahamas — a country he has long admired and visited often. Those in attendance said the celebration felt less like a formal event and more like a heartfelt tribute to a man whose life has helped shape modern history.

Prime Minister Philip Davis, Foreign Affairs Minister Fred Mitchell, Bahamas Ambassador to the United States Wendall Jones, and U.S. Ambassador to The Bahamas Herschel Walker were among the dignitaries offering remarks, along with Andrew Young Foundation President Gaurav Kumar and other international guests.

The event was co-hosted by veteran broadcaster Karyn Greer of WSB-TV Channel 2 Action News and Bahamian journalist Dr. Deborah Bartlett, who both reflected on Young’s lifelong commitment to justice, diplomacy and public service.

Born in 1932, Andrew Young is widely regarded as one of the most influential figures of the American civil rights movement. He worked closely with Dr. Martin Luther King Jr., served as a key leader in the Southern Christian Leadership Conference, and later became a U.S. Congressman, U.S. Ambassador to the United Nations under President Jimmy Carter, and Mayor of Atlanta.

Over the decades, Young has been honoured by multiple U.S. presidents, including receiving the Presidential Medal of Freedom, the nation’s highest civilian award, from President Bill Clinton. His diplomatic work, civil rights leadership and global humanitarian efforts have earned him recognition across the world.

Guests noted that even at 94, Young remains active, engaged and passionate about international cooperation and human rights, continuing to inspire new generations.

His wife, Carolyn McClain Young, delivered the vote of thanks, expressing gratitude for what she called the warmth and love shown by the Bahamian people.

The celebration ended in true island fashion with a Junkanoo rush-out, bringing guests to their feet in a joyful close to an evening that blended history, culture and admiration.

For many in attendance, the message of the night was simple — Andrew Young loves The Bahamas, and The Bahamas loves him right back.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Experts Analyze Economic Landscape; Opportunities and Challenges

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Nassau, THE BAHAMAS – From pressures on the independence of the US Federal Reserve and relations with China to the instability facing the global economic landscape and how it all impacts The Bahamas’ economy and prospects, Tuesday’s Central Banking Series hosted by University of The Bahamas (UB) in partnership with the Global Interdependence Center (GIC) peeled back the layers of the most critical factors impacting the world’s economic landscape.

At the one-day summit, top economic strategists, policymakers, academics, and economists gave frank and considered insights on the range of opportunities and challenges. In facilitating the high-level talks, UB’s Government and Public Policy Institute (GPPI) continues to provide the platform for evidence-based dialogue on public policy and reform.

“By convening world-class thinkers, policymakers, and practitioners here in Nassau, we affirm that The Bahamas is not solely a subject of global economic forces, but also a participant in the conversations that shape them,” said UB President Dr. Robert Blaine, III.

In his remarks, Minister of Economic Affairs Senator the Honourable Michael Halkitis acknowledged the ripple effects of financial shifts which put pressure on the Bahamian economy, yet he acknowledged that the economy is on the rise. He expressed confidence in the country’s readiness to adapt, citing a deep talent pool and expanding foreign and domestic investments.

“What makes this period particularly significant is the breadth of investment activity across sectors,” said Minister Halkitis, a UB alumnus. “Tourism development remains strong, but it is not the sole driver of growth. Investments are expanding into renewable energy, maritime services, digital infrastructure, agriculture, logistics and the blue and green economies.”

Economist and Former President and CEO of the Federal Reserve of Richmond, Dr. Jeffrey Lacker offered a sobering view on the independence of the US Federal Reserve, a topic that has attracted much national and international in the face of blistering pronouncements by US President Donald Trump.

Dr. Lacker said the Federal Reserve’s choice of monetary policy instrument and setting of the overnight interest rate that it controls should be “free of executive branch and congressional meddling.”

“And by meddling, what I mean is overtly expressed policy direction, opinions about where policies should go, expressed in a way that carries with it the implied threat of adverse consequences to either the individual or the institution, either in the form of legislative changes or some sort of political harassment,” he said.

“The value of insulating day-to-day, meeting-to-meeting monetary policy from pressure from elected officials with an eye on their next election is widely recognized. Neglecting that pressure, caving into that pressure is a road to short-termism, or short-term stimulus at the cost of inflation later on.”

Other pertinent conversations at the summit focused on digital initiatives for financial inclusion, monetary and fiscal policies and strategies in The Bahamas, and the impact of AI on macroeconomic conditions. There was also a special presentation on the history and value of gold. Students from Government High School were among the audience members gaining knowledge from experts.

“When we determined the theme for this year, being Challenges and Opportunities in a Dynamic Global Environment, we did not know what was going to evolve in recent times,” said GPPI Executive Director Zhivargo Laing, referring to the war that the US and Israel initiated against Iran. “So I would like to think that maybe there was a little bit of insight that was taking place during the course of our discussions. But we are here again for the third time with our partners at the GIC to entertain a deep discussion on just what are those challenges and opportunities in this very dynamic environment in which we find ourselves.”

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