In a landmark session at the Caribbean Tourism Organization’s (CTO) State of the Tourism Industry Conference, held at the Hilton Barbados Resort, tourism leaders from across the Caribbean convened to address pressing challenges in regional connectivity. The ministerial panel, featuring representatives from Belize, Tobago, Antigua & Barbuda, Turks & Caicos Islands, Grenada, and the U.S. Virgin Islands, focused on strategies to reduce the high cost of regional travel, enhance airlift and ferry services, and promote sustainable tourism practices. The discussions underscored the urgent need for harmonized tax policies, stronger collaboration among regional carriers, and innovative solutions such as code-sharing and mileage systems to make travel more affordable. Antigua & Barbuda’s Minister of Tourism, Charles Fernandez, emphasized the importance of unified action, stating, ‘Whatever we do in the Caribbean should be more harmonized.’ Tobago’s Secretary of Tourism, Councillor Tashia Burris, echoed this sentiment, calling for greater support for regional carriers like interCaribbean, LIAT, and Caribbean Airlines. Turks & Caicos Minister of Tourism, Zhavargo Jolly, highlighted the collective power of Caribbean nations, asserting, ‘When you talk to one of us, you speak to all of us.’ The session concluded with a proposal to present Caribbean heads of government with a comprehensive document outlining actionable solutions to reduce travel costs, harmonize tax policies, and strengthen regional carrier collaboration. The CTO was also urged to take a leading role in coordinating these efforts, marking a significant step toward a more connected and sustainable Caribbean tourism industry.
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Delwayne Delaney sets ambitious vision for Conaree Football Club
BASSETERRE, St. Kitts – Delwayne Delaney, recently re-elected as President of Conaree Football Club (CFC), has outlined an ambitious vision to elevate the club’s performance and reputation both locally and internationally. Following a successful election on October 2, 2025, Delaney expressed confidence in the newly formed executive team, which he described as a blend of youth, experience, and gender diversity. He believes this dynamic leadership will drive better management and on-field success. Delaney emphasized the importance of integrating sports and business, a priority that led to the appointment of young businessman Irvin Daniel as Vice President. ‘We want to showcase the club in a way that marries sports and business,’ Delaney stated. Recognizing the financial challenges faced by many clubs in St. Kitts and Nevis, he highlighted the need for sustainable revenue streams to support player development and international exposure. Another key focus is youth development, with the club already partnering with schools to nurture talent through grassroots programs. Delaney also stressed the importance of preparing players for life beyond football, offering training in skills like carpentry and farming. ‘We want to ensure that these players are given the opportunity to excel, both on and off the field,’ he said. With a clear vision for growth, Delaney aims to position CFC as a dominant force in regional and international football while fostering holistic development for its players.
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Dominican Republic showcased in New York as regional leader in health tourism
The Dominican Republic is rapidly gaining recognition as a leading destination for medical tourism, thanks to its world-class healthcare facilities, internationally accredited hospitals, and bilingual medical professionals. Treatment costs in the country are 40–60% lower than in the United States, making it an attractive option for international patients. Dr. Alejandro Cambiaso, president of the Dominican Association of Medical Tourism (ADTS), attributes this success to the nation’s robust flight connectivity, year-round tropical climate, and renowned hospitality, which collectively enhance its appeal.
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Halkitis rejects suggestions of manipulated government numbers, defends fiscal data
NASSAU, BAHAMAS — Economic Affairs Minister Senator Michael Halkitis has firmly refuted claims questioning the reliability of the government’s fiscal data, emphasizing that all published figures undergo rigorous independent verification. Speaking at a press conference hosted by the Office of the Prime Minister, Halkitis highlighted that the Ministry of Finance, Treasury, Internal Audit, and the Auditor General meticulously review the data. He further noted that international entities such as the IMF, S&P, Moody’s, and Fitch, as well as private investors, rely on these figures when making investment decisions in The Bahamas. ‘There is no contemplation, let alone desire, to manipulate these numbers,’ Halkitis asserted, addressing recent allegations head-on.
The minister confirmed that the government concluded the 2024/25 fiscal year with a deficit of 0.5 percent of GDP, comfortably within the targeted range of 0.3 to 0.7 percent. He attributed this achievement to robust revenue growth, economic expansion, and effective expenditure control. ‘We are very pleased with this outcome,’ Halkitis remarked, underscoring the administration’s commitment to fiscal discipline.
In a significant development, Standard & Poor’s recently upgraded The Bahamas’ sovereign credit rating from B+ to BB-, a move Halkitis described as a step toward restoring the nation’s investment-grade status within the next two to three years. He linked the upgrade to the country’s strong economic performance, improved revenue administration, and prudent fiscal management.
Looking ahead, Halkitis clarified that while the government is not currently in a surplus, it anticipates a budget surplus of approximately $75 million by the end of the 2025/26 fiscal year. He also addressed delays in government payments to vendors, stressing that all properly contracted and certified work would be compensated.
On the issue of unemployment, Halkitis acknowledged a recent temporary uptick but expressed confidence in the government’s ability to address skill gaps in the job market. ‘The economy is generating demand for jobs, and we are ensuring our workforce is equipped to meet this demand,’ he concluded.
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SCB launches research into tokenizing real-world assets
The Securities Commission of The Bahamas (SCB) has unveiled its 2024 Annual Report, highlighting its initiation of foundational research into the tokenization of real-world assets. This move comes in response to growing interest from licensees and other stakeholders in the digital asset space. The SCB has commenced drafting three comprehensive papers that delve into the characteristics of asset tokenization, its prevalent applications, and the associated benefits, risks, and regulatory challenges. While these papers do not aim to establish policy recommendations, they will serve as preliminary research to guide future regulatory decisions. Tokenization, the process of converting physical assets into digital tokens on a blockchain, enables the digital representation of ownership or rights in assets such as real estate, commodities, art, and intellectual property. These tokens can be traded or sold digitally, offering new opportunities for asset management and investment. Additionally, the report disclosed that 25 firms were registered under the Digital Assets and Registered Exchanges Act (DARE) by the end of 2024. The DARE Act, enacted on 29 July 2024, replaced its 2020 predecessor, introducing significant updates to the regulatory framework for digital assets and exchanges. The SCB’s DARE Unit continued to engage in pre-applicant meetings to facilitate registrations under the Act. On the enforcement front, the Commission reported 18 ongoing matters from 2023, with two new litigation cases and one criminal case initiated in 2024. As of 31 December 2024, 20 enforcement matters remained unresolved, including 13 litigation cases, three administrative issues, and four criminal investigations. Administrative matters primarily involved non-compliance with filing obligations and record-keeping requirements under the Securities Industry Act and Regulations.





