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Pictured: Rt Hon Perry Christie, Prime Minister of The Commonwealth of The Bahamas delivering the keynote address at the National Conclave of Chambers of Commerce in The Bahamas held today at SuperClubs Breezes in Nassau. (Photo Harry Cutting/©Dupuch)

Public private partnerships (PPPs) are an innovative mechanism for economic development and particularly effective in The Bahamas where they can be used to deliver much-needed infrastructure upgrades throughout the archipelago, according to Prime Minister Perry Christie who urged Bahamian businesses to explore opportunities in this area.

Delivering the keynote address at the National Conclave of Chambers of Commerce in The Bahamas yesterday, the Prime Minister said PPPs were beneficial to the government, and the wider economy, as a means of reducing costs, offering better value for money and delivering better quality services.

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Investment Corp. of Dubai took over leadership of Kerzner International Holdings, the hotel operator that built Atlantis resorts in the Gulf emirate and the Bahamas.

ICD, which holds stakes in United Arab Emirates government businesses from transportation to heavy industry, purchased a “significant” stake in Kerzner, it said in a statement today without disclosing the size or cost. Mohammed Al Shaibani, ICD’s chief executive officer, will become chairman of Kerzner.

This is an excerpt from Bloomberg as it appeared on April 3, 2014. For updates or to read the current version of this post in its entirety, please click here.

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The Department of Statistics has released data that indicates that the Bahamas’ gross domestic product showed positive growth in current prices of 2.5 per cent and in constant prices of 2.7 per cent.
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The monopoly on cellular phone services enjoyed by Bahamas Telecommunications Co has come to an end, with the market being liberalized yesterday.
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International financial centres (IFCs) must concentrate on innovative products, foster creativity in the financial services industry and target new markets if they are to survive in an increasingly regulated environment, says Bahamas Financial Services Board (BFSB) chief executive officer Aliya Allen.

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Prime Minister Perry Christie addresses delegates during the opening ceremony of the 3rd Caribbean Conference on The International Financial Services Sector. The three-day conference is currently being held at the British Colonial Hilton from March 31–April 2. (BIS Photo/Peter Ramsay)

Prime Minister Perry Christie has said that creativity and innovation are the determinants of success in the financial services sector.

Christie made the remark during the opening ceremony for the 3rd Caribbean Conference on The International Financial Services Sector. The three-day conference is being held at the British Colonial Hilton March 31-April 2.

“We are of the firm belief that the future of financial services is not just in the efficient and effective provision of services, such as ensuring that we have fast turn around times or that we are cost efficient … No, the future of the financial services sector also relies on creativity and innovation.”

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Pictured: Schooner Bay development, Abaco, The Bahamas. Click the photo or click here to see the photo full sized. (Photo courtesy Pordes Residential Sales & Marketing/Schooner Bay)

MIAMI, FL. March 31, 2014 –(Marketwired) – The Abaco Islands in the Bahamas are alive with new activity and becoming a new hub for tourism throughout the entire island chain.

At the center of the action on Great Abaco Island is Schooner Bay, a revolutionary, sustainable real estate development that implements eco-friendly methods of building and community living. Right now, buyers are being offered the chance to purchase land and build a unique home in one of the most tranquil locations. In addition to those looking to buy a home, those looking for the perfect, relaxing getaway, can now visit Schooner Bay as a guest, whether it is for a weekend or a week, as part of the new “Discovery Visit” program which allows for rental of a 2, 3 or 4 bedroom cottage.

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The National Conclave of Chambers of Commerce in The Bahamas is set to take place this week in Nassau. Watch a Bahamas Chamber of Commerce and Employers Confederation video about the thinking behind organizing the two-day event here.
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Chairman of the Bahamas Chamber of Commerce and Employers Confederation Chester Cooper says that fiscal and tax reform are critical to bolstering the economy.
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