Pictured: Ryan Pinder, Minister of Financial Services addressing Brazil Landfall participants. (Photo courtesy BFSB)

The Investment Condominium fund or ICON, which is the latest innovation in fund structures created by The Bahamas, was introduced to more than 200 Brazilian fund advisors at Bahamas Financial Services Board (BFSB) Bahamas Landfall: Destination Brazil events in Rio de Janeiro and Sao Paolo.

BFSB, the Ministry of Financial Services and 13 sponsor firms participated in the Landfall events, as well as a STEP Brazil event, which included an ICON presentation from a Brazilian practitioner’s perspective.

ICON is a fund that has been specifically designed to replicate the Brazilian condominium, the structure in which all of Brazil’s almost 13,000 funds are organized.

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Bradley Bosfield of the Ministry of Tourism’s group meetings and incentives department says that customer service and cultural experiences are high on the list for companies organizing corporate meetings or conferences.
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A group of US private pilots flew into Freeport recently for their first international excursion. The Ministry of Tourism is looking to establish partnerships with US pilot associations to increase the number of such events.
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ATLANTA–(BUSINESS WIRE)–Popeyes® Louisiana Kitchen today announced its title sponsorship of one of college football’s newest bowl games, the Bahamas Bowl. The Popeyes Bahamas Bowl will be played December 24, 2014 in Nassau, Bahamas at noon EST inside Thomas A. Robinson National Stadium. The game will feature teams from Conference USA and the Mid-American Conference, and will be televised live on ESPN.

“Popeyes is honored to partner with the Bahamas Bowl to bring this historic bowl game to college football fans everywhere”

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KRyS Global, a boutique fraud investigation and asset recovery firm, has partnered with AssetMine Global Inc to reunite Bahamian residents and companies with their unclaimed property located in jurisdictions around the world outside of The Bahamas.

Unclaimed property is the term given to financial assets that have not been collected by their owners after a legally defined period of time.

These assets could be in the form of dormant bank accounts, tax refunds, uncashed checks, insurance or pension policies, stocks or brokerage accounts, and inheritances, among others.

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Tuesday, Aug. 26, 2014 (Las Vegas Sun News) – There were a number of eyebrow-raising moments during the star-studded gala opening of SLS Las Vegas over the weekend:

Where else than only in Las Vegas would you simultaneously see the prime minister of The Bahamas in the same hotel casino as notorious Girls Gone Wild founder [pictured] Joe Francis? Joe said that he’d been flown in from the California-Nevada border at Primm by SBE founder, Chairman and CEO Sam Nazarian’s helicopter because of his continuing legal feuds with Steve Wynn.

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This is an excerpt from Las Vegas Sun News as it appeared on August 27, 2014. For updates or to read the current version of this post in its entirety, please click here.

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Financial Services Minister Ryan Pinder led the debate in the House of Assembly regarding the introduction of a set of bills to allow the development of new investment products.
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Alex Pariente, Executive Vice President, International Marketing, Baha Mar Casino & Hotel. (PRNewsFoto/Baha Mar)

NASSAU, Bahamas, Aug. 25 2014 /PRNewswire/ — Baha Mar today announced that Alex Pariente has been named Executive Vice President, International Marketing for the Baha Mar Casino & Resort, the centerpiece of the $3.5 billion integrated gaming resort. The Baha Mar Casino & Hotel, which will feature the largest casino in The Caribbean with 100,000 square feet of gaming space and a 1,000-room hotel, is designed to compete with the best casinos in the world.

Pariente will focus on developing the Baha Mar Casino & Hotel’s international gaming clientele, as well as building strategic marketing alliances and brand loyalty. Pariente will draw on his extensive experiences in opening and managing luxury casinos and resorts in the U.S., Latin America and Europe. Most recently, Pariente served as Executive Vice President, International and Domestic Marketing for Wynn Resorts, where he was a senior member of the opening teams for both the Wynn Resort and Encore Las Vegas, the highly successful gaming resorts on the Las Vegas Strip.

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Corporate profits in the food and beverage industry and a boost in visitors to Grand Bahama top the business news at the beginning of this week in The Bahamas.
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Here follows the statement on a bill for an Act to Facilitate the Formation of an Investment Condominium by Minister of Financial Services Ryan Pinder given in the House of Assembly August 25, 2014:

Introduction and Background
Today I rise to move for the second reading of a Bill for an Act to Facilitate the Formation of an Investment Condominium in the Bahamas between Participants for the Purpose of Collective Investments and for Connected Purposes.

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