Bahamas
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BAHAMAS-ECONOMY-IMF welcomes “gradual recovery” of Bahamas economy
WASHINGTON, CMC – The International Monetary Fund (IMF) is welcoming the “gradual recovery” of the Bahamas economy, supported by a rebound in tourism and ongoing investment projects. However, the Washington-based financial institution said unemployment remains high and that the economy faces “downside risks from an uncertain external environment, while fiscal and external imbalances have widened”. The IMF, which has just…
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CARIBBEAN-POLITICS-CARICOM SG to pay official visit to Bahamas
GEORGETOWN, Guyana, CMC – Caribbean Community (CARICOM) Secretary-General Irwin LaRocque will be paying a three-day official visit to The Bahamas, the Guyana-based CARICOM Secretariat has announced. It said that LaRocque will meet with Prime Minister Perry Christie on Thursday and will also pay courtesy call on Foreign Affairs and Immigration Minister Frederick Mitchell. He will hold talks with National Security…
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Bahamas Government Worried Over High Costs Of Electricity
KINGSTON, Jamaica, Observer — The Bahamas government says it is important to develop alternate forms of energy, complaining that the high cost is also impacting foreign investment into the country. These are issues that concern us and let me just state it for you. The cost of electricity is an extraordinary drain and has an extraordinary impact on Bahamian families.…
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Bahamas judge rules gambling shops can stay open
NASSAU, Bahamas – A judge in The Bahamas says that underground gambling businesses on the islands can remain open pending the outcome of a legal battle. Wednesday's injunction came two days after voters rejected a referendum to legalise underground gambling operations known as “web shops”, where Bahamians bet on numbers in televised US lotteries. Lawyer Wayne Munroe says he and…
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Government orders the immediate closure of web shop gaming
NASSAU, Bahamas, CMC – Less than 24 hours after Bahamians voted overwhelming to reject the legalisation of web shop gambling and a national lottery, the government has called on all operates of such games to close down their businesses with “immediate effect”. “Failure to do so will leave all such web shop owners, operators and web shop gaming patrons exposed…
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Voters reject plans to legalise gambling
NASSAU, Bahamas, CMC – Bahamians voted overwhelming in a national referendum on Monday to reject proposals legalising web-shop gambling and a national lottery. Preliminary results showed that by a margin of almost two to one, the voters in this Caribbean Community (CARICOM) country voted “No” to the questions on “Do you support the regulation and taxation of web shop gaming…
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New IRS laws could hurt Caribbean tourism industry
NASSAU, Bahamas, – The Bahamas Hotel and Tourism Association (BHTA) has flagged a potentially crippling development within the United States tax legislation that could have far reaching implications for hoteliers and tourism attractions across the Caribbean. According to the Nassau Guardian, the BHTA has brought to the urgent attention of the Caribbean Hotel and Tourism Association the fact that US…
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Government launches investigation into latest oil spill
NASSAU, Bahamas, CMC – The Bahamas government says it has launched an investigation into an oil spill incident over the weekend even as Environment Minister Kenred Dorsett said that the spill had been contained. Dorsett said that more than 200 gallons of fuel had been released into the sea at the Freeport Harbour due to an incident involving an overflow…
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Regional leaders urged to convene summit on tourism
NASSAU, Bahamas, CMC – Regional tourism officials are calling on Caribbean heads of government to convene a regional summit on tourism within the next six months to discuss key issues affecting the industry. In a resolution approved by the Caribbean Hotel and Tourism Association's (CHTA) board of directors on Sunday, the Caribbean leaders are being urged to consider with industry…
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Crime could cripple regional tourism, says Bahamas PM
KINGSTON, Jamaica- Bahamas Prime Minister Perry Christie has issued a warning that there is no bigger threat to the future viability of tourism in the region than crime. Addressing delegates at the opening ceremony of the Caribbean Travel Marketplace at the Atlantis on Paradise Island in The Bahamas, Christie took time out to speak on the escalation in criminal violence,…
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