From RTTNews:

Brookfield Asset Management Inc. (BAM: Quote, BAM_A.TO) said that its third-quarter funds from operations or “FFO for shareholders declined to $564 million or $0.83 per share, from $1.2 billion or $1.85 per share in the year ago quarter.

FFO excluding gains was $362 million, compared to $342 million in the same quarter a year ago.

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Around 183 countries were represented at the World Travel Market in held in London recently. The Bahamas Ministry of Tourism made sure that the jurisdiction had a high profile event.
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The Bahamas was well represented at the recent United Nations World Tourism Organization’s Minister’s Summit.
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Pictured: Peter Strauss, managing member of The Strauss Law Firm based in South Carolina. (Photo courtesy BFSB)

As part of its ongoing educational outreach on the captive insurance sector, the Bahamas Financial Services Board is hosting a half-day Insurance Industry Briefing that includes a “Captives 201” component.

The briefing will be held November 17 in the Windsor Room of the British Colonial Hilton Hotel, starting at 9:00 am.

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The 19th Caribbean Multi-National Business Conference will be held in The Bahamas, November 6-9, at Sandals Royal Resort in Nassau.

The conference’s theme is “The Caribbean – Waves of Opportunity, Oceans of Success” and it will explore a broad range of trading and financing opportunities in the Caribbean and the US.

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Five years ago, the Bahamas Financial Services Board (BFSB) introduced an award to recognize persons who have contributed specifically to the development of individuals within the financial services industry through a mentoring role.

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Here follows a statement by Prime Minister Perry Christie made at a press conference held October 31 at The Bank of The Bahamas:

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The government has enlisted the services of a renowned international arbitration expert from the University of Miami as it continues in its push to become a leading arbitration hub.

Minister of Financial Services Ryan Pinder (pictured) announced this morning that Jan Paulsson, head of the International Arbitration Institute of the University of Miami and former president of the International Council for Commercial Arbitration will act as personal advisor to the government in its drive to build an arbitration centre in The Bahamas.

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Pictured: Attorney General Sen Allyson Maynard-Gibson speaking at the CIArb seminar held at the British Colonial Hilton today. (Harry Cutting photo/©Dupuch)

The attorney general Allyson Maynard-Gibson has called on The Bahamas’ legal and financial services sectors to “build a culture of alternative dispute resolution,” saying that the creation of a regional and international arbitration hub in the country would deliver significant economic benefits.

“This is an idea whose time has come for The Bahamas,” she said at a seminar hosted by the Bahamas’ branch of the Chartered Institute of Arbitrators (CIArb) today. “We should make every effort to open those vistas for The Bahamas. We are cognisant of the benefits of a strong arbitration centre. It has tremendous potential.”

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Human rights, constitutional law, regulatory litigation and environmental attorney Fred Smith will address the Rotary Club of East Nassau today at the Nassau Yacht Club.

Smith, an outspoken advocate for transparency in government and justice for all, regardless of socio-economic status, is presently involved in cases involving oil pollution, unregulated development, animal protection and tax-related matters.

A member of Lincoln’s Inn, and admitted to practice in England, UK, Wales and The Bahamas and appointed to Her Majesty’s Counsel in 2009, Smith is the Freeport managing partner of Callenders& Co.

The Rotary meeting starts at 12:30 pm. For information, phone 394-0677.