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Google Trends Help Predict Tourism to Bahamas, IMF Study Shows

February 4, 2020, 4:40 am
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Photo: Orlando Sentinel/Tribune News Service via Getty Images

By Jeff Kearns

Online searches can help countries predict tourist visits more accurately and give governments a better read on economies that depend on the industry, an International Monetary Fund analysis showed.

Combining Google Trends data with traditional forecast models improved accuracy of predicted tourist arrivals to the Bahamas from the U.S by about 30%, according to a working paper by IMF senior economist Serhan Cevik released Friday.  Read more >>
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Disney Launches New Website for Second Private Island in the Bahamas

February 4, 2020, 4:43 am
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by Becky Burkett

On January 29, Disney Cruise Line registered the domain LighthousePointBahamas.com and subsequently launched a brand-new informational site about its second private cruise destination.

The project was announced previously and is located at the southern point of Eleuthera. Disney made a commitment to The Bahamas, saying they will hire Bahamians to work at its new cruise destination. Even the website was designed by a local Bahamian company called Felicia Creative. The new website gives detailed illustrated concept site plans as well.  Read more >>
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A Former Attorney General Just Asked The Bahamas to Strongly Target Crypto Dominance

February 4, 2020, 4:47 am
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By Ibiam Wayas

John McKendrick QC, a former Caribbean attorney general of Anguilla, has urged the Bahamas to join other countries to regulate digital currency to overcome local challenges with economic scale, according to Tribune Business.

The ex-top law enforcement officer suggested that the country should “get into that race [cryptocurrency regulation]” by using its digital Sand Dollar, to set up the framework for digital assets like cryptocurrencies and initial coin offerings (ICOs).  Read more >>
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Deltec Bank, Bahamas says – Voice Banking Become More Prominent in Coming Years

February 4, 2020, 4:51 am
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By ABNewswire

Deltec Bank, Bahamas – “As more institutions start to integrate the technology, using AI and voice in this way will ultimately be fundamental for maintaining a competitive advantage.”

Artificial Intelligence (AI) and voice technology have gone a long way to transforming our personal lives in the last few years. From talking to Google, Alexa and Siri, we can control much of what we do without even lifting a finger. Whilst the case for using voice is quite clear in these applications, there are other industries where it could be advantageous but, voice remains largely untested.

One such industry is banking.  Read more >>
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China Virus - Nine Now Placed In Quarantine

February 4, 2020, 4:57 am
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 Health Minister Dr Duane Sands

By RASHAD ROLLE
Tribune Staff Reporter
rrolle@tribunemedia.net

A PRIVATE plane carrying 14 people from China was denied entry to The Bahamas because of travel restrictions designed to fend off the fast-spreading coronavirus, which has killed more than 360 people.

This comes as Health Minister Dr Duane Sands told The Tribune that nine people have now been quarantined as part of the government’s policy of quarantining all returning residents who have visited China within the last 20 or so days.

Some of the quarantined residents are students studying in China.

Tourism Minister Dionisio D’Aguilar also said yesterday that the plane in question was among two denied entry, while a cruise ship experienced a delay disembarking its passengers because its paperwork was incomplete.  Read more >>
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Chinese Embassy: Coronavirus is the common enemy, not Chinese citizens

February 4, 2020, 5:00 am
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Charge d'Affaires of the Chinese Embassy Haigang Yin

By Sloan Smith

NASSAU, BAHAMAS – It is the hope of the Chinese Embassy in The Bahamas that the government’s travel restrictions on China – amid the global outbreak of the Wuhan coronavirus – does not affect the normal movement of people and trade.

In an interview with Eyewitness News Online, Charge d’Affaires of the Chinese Embassy Haigang  Yin expressed the Chinese government’s confidence in “containing and overcoming the virus”.

Yin said the embassy has impressed upon the Bahamian government that once the situation is under control all travel bans should be lifted.  Read more >>
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Bahamas on Full Display at South Florida Mega Mall

February 4, 2020, 5:13 am
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Bahamas spectacular at Sawgrass Mills Mall

FORT LAUDERDALE, FL –January 27, 2020 – The Islands Of The Bahamas brand is once again dominating one of the South’s largest shopping establishments, Sawgrass Mills Mall, Sunrise, Florida.  The domination began on January 16 and shoppers have one final weekend to experience the showcase which ends February 9.

The domination features large Bahamas banners hanging throughout the mall and a spectacular banner in a wide-open area where three of the mall’s avenues meet.  Bahamas tourism representatives and their partners are on hand at a booth in the mall between 12 noon and 6 pm each Thursday through Sunday in Avenue Two, just outside of Godiva Chocolate Store.

At The Bahamas booth shoppers can receive updates, informational flyers, and promotional items, as well as information on specials from Bahamas travel vendors and register to win prize giveaways.

Bahamas Sr. Marketing Representative, Adrian Kemp, at Bahamas Booth in Sawgrass Mills Mall. providing information and answering questions for interested shoppers.

Each Saturday for one hour between 12 noon and 1 pm, a special “Taste of The Bahamas” is hosted at the booth.  The tasting includes the sampling of various Bahamian pastries served by costumed junkanooers along with a Bahamian soft drink imported for the occasion. The costumed junkanooers provide a peek of The Bahamas’ exciting and world renowned, cultural expression.

The current activation at the mall is a repeat of early last year when The Bahamas brand dominated the mall’s Avenues Two, Three and Four.  Director of Sales for the Bahamas Tourist Office (BTO), Florida, Mrs. Betty Bethel-Moss, had said that the mall promotion provided a “one of a kind opportunity for The Islands Of The Bahamas to be showcased at a venue that attracts such a large number of shoppers daily translating into massive visibility and exposure for our Islands.”

Bahamas Poster in Sawgrass Mills Mall

Bahamas travel partners working alongside the local BTO team include Bahamasair, Bahamas Paradise Cruise, Grand Lucayan Resort, Balearia Caribbean Express Ferry, Bahamas Dolphin Encounters, Grand Bahama Island Promotion Board, Jet Blue and Sandals Resorts.

Bahamas swimming pigs featured in poster in Sawgrass Mills Mall 

For more information on The Islands Of The Bahamas, visit www.bahamas.com.
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Celebrating Bahamian Culture

February 5, 2020, 5:22 am
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The design for Lighthouse Point will be inspired by the natural environment and celebrate the culture and spirit of The Bahamas.

Over the past year, Disney Imagineer Joe Rohde, whose work includes the design of Disney’s Animal Kingdom theme park in Orlando and Aulani, A Disney Resort & Spa in Hawaii, has spent extensive time with local artists and cultural experts in The Bahamas. Together, they have explored arts and cultural sites across New Providence and Eleuthera, from Junkanoo shacks to noted art galleries. Kevin Cooper, a master artist from Eleuthera and Antonius Roberts, a master artist from Nassau, are anchoring Disney’s efforts to work with the local creative community.  Read more >>
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Rolle optimistic on economy in 2020

February 5, 2020, 5:34 am
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John Rolle

By Chester Robards

Governor of The Central Bank of The Bahamas (CBOB) John Rolle said yesterday that the bank sees The Bahamas’ economy improving in 2020, though growth at previously projected levels is not expected as a result of the effects of Hurricane Dorian.

Rolle’s optimism was due to some quicker-than-expected improvements on some of the Abaco Cays that were affected by Hurricane Dorian; the movement of tourist visits to islands unaffected by Hurricane Dorian, with the help of the vacation rental sector; and the pass-through effect of construction on the hurricane-affected islands of Abaco and Grand Bahama. He added that the foreign investment portion of the economy also remains robust.

“We see the economy improving,” Rolle said.  Read more >>
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Four Boutique Hotels For Your Next Bahamas Getaway

February 5, 2020, 5:44 am
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Kamalame Cay

September’s Hurricane Dorian was the worst to ever hit this archipelago, but what many people might not know: while Grand Bahama and the Abacos face years of rebuilding, the storm left most of the archipelago's 700 islands untouched. Tourist dollars go a long way toward the northern islands’ recovery — and it's an exciting time to visit the Bahamas, thanks to a group of recently arrived and renovated indie hotels that channel the pride of their owners.  Read more >>
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Julius Baer to slash 300 jobs and close Bahamas office

February 5, 2020, 5:46 am
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Swiss private banking group Julius Baer is planning to slash 300 jobs after its net profit slumped 37% to CHF465m in 2019 on a year-on-year basis.

The news comes exactly a year after the Swiss private bank announced it was cutting 100 jobs as it grapples with lower growth.

The job cuts are part of CEO Philipp Rickenbacher's three-year plan to improve the bank's profit margins. The bank now plans to "shift from an asset-gathering strategy to one focused on sustainable profit growth".  Read more >>
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Inaugural Bahamas Charter Show to debut in Nassau this February

February 5, 2020, 5:53 am
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BY KATIA DAMBORSKY

As the first-ever boat show attended exclusively by Bahamas-based charter yachts, the Bahamas Charter Show will provide an unrivaled opportunity for the industry to get better acquainted with the local fleet and the region’s cruising grounds.

The Bahamas Charter Show is on course for a successful inaugural edition, as the industry-only yachting meet prepares to open its doors between 27 February - 1 March 2020 in Nassau.  Read more >>
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Grand Bahama Shipyard’s big dock likely to remain offline this year

February 5, 2020, 5:59 am
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By Anne Kalosh

Grand Bahama Shipyard’s Drydock No. 2 — the big one — is still not expected to take ships during 2020.

So said Royal Caribbean Cruises Ltd. during the company’s earnings call Tuesday.

2019 crane collapse
In April last year, a crane collapsed while Oasis of the Seas was in the dock. Eight people sustained injuries and the ship was damaged (and subsequently repaired in Cadiz). There waa structural damage to the dock, too.

‘We do not expect that dock to be back online in 2020, likely in 2021,’ RCL EVP and CFO Jason Liberty said.  Read more >>
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Bahamas Petroleum Company - Countdown has begun

February 5, 2020, 6:04 am
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Bahamas Petroleum Company (LON:BPC) is in the final stages of completing the funding necessary to drill its inaugural exploration well (Perseverance-01) offshore Bahamas, which it expects to spud in the second quarter of 2020. The current valuation is inline with its peers, but with an estimated 1,030mln barrels of Prospective Resources (UBEST) targeted by its first well, a successful discovery will see the potential to see fair value rise to $1,014mm (36p/share), over 10x the current share price.  Read more >>
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Heart Bahamas Gala to help raise funds for hurricane relief

February 6, 2020, 5:29 am
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Heart Bahamas Gala set for Saturday

By WECT Staff

WILMINGTON, N.C. (WECT) - The Caribbean Socialites of S.E North Carolina are hosting the Heart Bahamas Gala on Saturday, Feb. 15 to help raise funds for the Bahamas Red Cross.

Hurricane survivors Brittany and Chris Pennerman, who survived the devastation the Bahamas suffered during Hurricane Dorian, will share their story at the event.

The event will run from 6:30 p.m. to 10 p.m. at Events! On Front located at 130 N. Front Street in Wilmington.

Dress for the event is red and white formal attire.

Tickets for the event are $65 each or $120 for a couple. For more information on the events and tickets, click here.

Heart Bahamas Gala on Facebook
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VIP Blue Lagoon Island Beach Day shore excursion in Nassau, Bahamas review

February 6, 2020, 5:35 am
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By Matt Hochberg

One of the most popular shore excursions in Nassau, Bahamas is the Blue Lagoon Beach Day tour. I decided to check it out for myself and see what it offers.

Blue Lagoon is a private island that is about a 30 minute boat ride away from where the cruise ships tender in Nassau.  It is located just off the coast of Paradise Island, which is home to Atlantis Resort and many extremely extravagant mansions.

Blue Lagoon offers a variety of options for booking a visit to their island. There is a basic beach day pass, dolphin swim combo, stingray encounter, Segway and more. I counted nine different tours that take you to Blue Lagoon.  Read more >>
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Why you can afford a luxury vacation in the Bahamas

February 6, 2020, 5:40 am
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A complete overview of vacation costs

If you’ve got your heart set on a trip to the Caribbean complete with a luxury vacation in the Bahamas, the next question is, can you afford it? That doesn’t mean however that the islands of this coral-based archipelago don’t cater to visitors desirous of a more budget conscious holiday experience; if you want to spend less and still enjoy a holiday in the Bahamas, you’ll just need to do a bit more planning to avoid spending more than you intended.  Read more >>
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Economy Fears: Bahamas Ranked World's Sixth Most Expensive State

February 6, 2020, 5:47 am
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Matt Aubry, executive director of the Organization for Responsible Governance. Photo: Shawn Hanna/Tribune Staff

By NEIL HARTNELL
Tribune Business Editor
nhartnell@tribunemedia.net

The Bahamas’ ranking as the world’s sixth most expensive nation to live in highlights “a fundamental challenge related to the country’s economic viability”, it was argued last night.

Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive director, said the findings by CEOWORLD magazine exposed the “tremendous” burden imposed on lower income Bahamians by the ever-increasing cost of living and growing “wealth disparity” between rich and poor.

He told Tribune Business that many households and small businesses were “struggling to manage” in this environment, and having to be “super stringent with their money” to make ends meet, thereby acting as a further drag on economic growth.  Read more >>
Cost of Living Index by Country 2020
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Equality Bahamas: Act on Marital Rape Issue Now

February 6, 2020, 5:58 am
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Equality Bahamas draws attention to the current situation wherein The Bahamas is in contravention with the Convention on the Elimination of All forms of Discrimination Against Women, Belem Do Para, and numerous other conventions with its Sexual Offenses Act which provides a definition of rape that ensures women have no legal recourse when sexually violated by their spouses. The issue has been raised numerous times including the 2009 tabling of the Marital Rape Bill by Loretta Butler-Turner and the statement by United Nations Special Rapporteur on Violence Against Women Dubravka Šimonović in 2017 following her country visit. Now, on the heels of participation in a meeting on reforming discriminatory laws convened by the Equality and Justice Alliance (EJA) in St. Lucia, Speaker of the House Halson Moultrie has made wrongheaded remarks spurring commentary from the public.

Moultrie clearly spoke from a personal point of view, allowing his religious affiliations to overshadow his role as a legislator. There is no way to simultaneously believe that a woman should have bodily autonomy and that, in a marriage, a spiritual oneness means one person cannot physically violate the other. It is clear that legislators know this is not true as charges can be pressed against a spouse for domestic violence.  Read more >>
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IMF offers $200 mil.; government says no

February 6, 2020, 6:02 am
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Deputy Prime Minister Peter Turnquest

The International Monetary Fund (IMF) states in its most recent mission report on its visit to The Bahamas that it is willing to make $200 million available to this country through its Rapid Financing Instrument “at low cost and without policy conditionality”, to carry on rebuilding the economy after Hurricane Dorian. But yesterday Deputy Prime Minister Peter Turnquest told Guardian Business that the government is not considering the loan offer through the IMF.

“Not at this time,” is all Turnquest would say on the issue.  Read more >>
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