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Innovation, adaptation key to success

Speaking at the International Business & Finance Summit last weekend, experts in a range of fields including private wealth management, banking and financial media urged delegates to be aware of global trends and be innovative and flexible. Pictured: Robert Colvin (left), principal of Colvin & Associates, and Simon Townend, head of KPMG's advisory activities across 22 countries, address the delegates at IBFS January 25, Sandals Emerald Bay, Great Exuma. (Photos courtesy Bahamas Financial Services Board)

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TheBahamasInvestor.com
Wednesday, January 29, 2014
Wednesday, January 29, 2014

Speaking at the International Business & Finance Summit last weekend, experts in a range of fields including private wealth management, banking and financial media urged delegates to be aware of global trends and be innovative and flexible.

Ultra-high-net-worth individuals (UHNWIs) are shifting wealth to private companies, real estate and commodities, according to Simon Townend, head of KPMG’s advisory activities across 22 countries including the English and Dutch speaking Caribbean, Bermuda, Isle of Man, the Channel Islands, Gibraltar and Malta.

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Martin Marietta to acquire Texas Industries for $2B

Martin Marietta Materials (MLM) agreed on Tuesday to buy Texas Industries (TXI), a rival provider of construction materials, for $2.06 billion in stock. Once the deal is completed, Martin Marietta said it will become the largest US producer of construction aggregates, supplying stone, sand and gravel, with a network of 400 quarries, mines, distribution yards and plants in 36 states, Canada, The Bahamas and the Caribbean. 

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FOXBusiness
Wednesday, January 29, 2014
Wednesday, January 29, 2014

January 28, 2014 /FOXBusiness/ — Martin Marietta Materials (MLM) agreed on Tuesday to buy Texas Industries (TXI), a rival provider of construction materials, for $2.06 billion in stock.

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This is an excerpt from FOXBusiness as it appeared on January 29, 2014. For updates or to read the current version of this post in its entirety, please click here.

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PM meets Cuban President

Prime Minister Perry Christie met with Cuban President Raul Castro ahead of the second Summit of the community of Latin American and Caribbean States (CELAC) in Havana, Cuba. Pictured: Prime Minister Perry Christie (right) meets with with Cuban President Raul Castro at the PABEXPO Plenary Hall January 28. (BIS Photo/Peter Ramsay)

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TheBahamasInvestor.com
Wednesday, January 29, 2014
Wednesday, January 29, 2014

Prime Minister Perry Christie met with with Cuban President Raul Castro at the PABEXPO Plenary Hall January 28, prior to the start of the second Summit of the community of Latin American and Caribbean States (CELAC) in Havana, Cuba. Prime Minister Christie is expected to return home on today.

The Cove, Eleuthera Resort and Spa has been named a winner in the Top Caribbean Hotels category in the 2014 TripAdvisor Travelers' Choice® awards, ranking number five out of 25. 

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The Cove, Eleuthera Resort and Spa
Wednesday, January 29, 2014
Wednesday, January 29, 2014

ALT TAG HEREELEUTHERA, Bahamas, Jan. 28, 2014 /PRNewswire/ — The Cove, Eleuthera Resort and Spa has been named a winner in the Top Caribbean Hotels category in the 2014 TripAdvisor Travelers’ Choice® awards, ranking #5 out of 25.

Travelers’ Choice award winners were selected according to the reviews and opinions of millions of TripAdvisor travelers around the globe.

The Cove, Eleuthera is also ranked #1 of 14 hotels on the island and has been rated “excellent” by 131 travelers. For reviews of The Cove, Eleuthera, click here.

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EY executive to address Bahamas seminar

John Sampson, an executive director for EY’s Advisory Practice in New York, will be a featured presenter at the multi-agency seminar on the Alternative Investment Fund Managers Directive scheduled for February 3, 2014. 

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TheBahamasInvestor.com
Tuesday, January 28, 2014
Tuesday, January 28, 2014

John Sampson (left), an executive director for EY’s Advisory  Practice in New York, will be a featured presenter at the multi-agency seminar on the Alternative Investment Fund Managers Directive (AIFMD) scheduled for February 3, 2014.

Sampson, who focuses on asset management compliance, has over 30 years’ experience of innovations in the financial services industry and has ex-tensive experience in regulatory and legislative issues as they relate to financial services firms.

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IDB, OPM launch National Development Plan

The government plans to control the national deficit by rearranging its developmental priorities in initiating a National Development Plan through a joint effort between the Office of the Prime Minister and the Inter-American Development Bank. Pictured: State Minister for Investments Khaalis Rolle (centre) and IDB's Astrid Winter (right), January 23. (BIS Photo/Gena Gibbs)

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TheBahamasInvestor.com
Tuesday, January 28, 2014
Tuesday, January 28, 2014

IDBThe government plans to control the escalation of the national deficit by rearranging its development priorities in initiating a National Development Plan through a joint effort between the Office of the Prime Minister (OPM) and the Inter-American Development Bank (IDB).

“At the request of the government of The Bahamas, the Inter-American Development Bank approved a technical cooperation, entitled ‘Strengthening the Capacity in the Office of The Prime Minister.’ The objective of this initiative is the development of an economic planning mechanism for the overall management of the Bahamian economy,” said State Minister for Investments Khaalis Rolle.

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Southwest Airlines (NYSE: LUV), the largest carrier of domestic passengers in the US, has started selling seats on the first-ever scheduled international flights flown by the airline, with destinations in the Caribbean region including Nassau, The Bahamas. 

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Southwest Airlines
Tuesday, January 28, 2014
Tuesday, January 28, 2014

Southwest.comDALLAS, Jan. 27, 2014 /PRNewswire/ — Southwest Airlines (NYSE: LUV) today delivered Customers a trio of Caribbean beach destinations just in time for summer travel planning. The largest carrier of domestic passengers in the U.S. began selling seats on the first-ever scheduled international flights flown by Southwest Airlines.

“Beginning July 1, 2014, Bags Fly Free® beyond U.S. borders to Aruba, The Bahamas, and Jamaica,” announced Gary Kelly, Southwest Airlines Chairman, President & CEO, to Employees and media assembled for a news conference at the carrier’s headquarters. “As our Customers seamlessly click through southwest.com to make these historic bookings today, our People celebrate the final lap in the journey to make possible our international future.”

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Air Canada has announced that its low-cost carrier subsidiary, Air Canada rouge™, which operates the airline's leisure destination services, is expanding its choice of more Caribbean destinations this summer. Routes previously operated by Air Canada from Toronto and Montreal to Cuba, Dominican Republic, The Bahamas, Barbados, Haiti, Cancun and Tampa, FL, will be converted beginning this spring to the Air Canada rouge service. 

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Air Canada
Tuesday, January 28, 2014
Tuesday, January 28, 2014

Air Canada RougeMONTREAL, Jan. 27, 2014 /PRNewswire/ – Air Canada today announced that its leisure carrier subsidiary, Air Canada rouge™, is expanding its choice of more Caribbean destinations this summer. Routes previously operated by Air Canada from Toronto and Montreal to Cuba, Dominican Republic, The Bahamas, Barbados, Haiti, Cancun and Tampa, FL, will be converted beginning this spring to Air Canada rouge service. Together with its previously announced 2014 summer schedule to Europe, Air Canada rouge plans to operate a total of 44 routes serving 28 popular vacation destinations, including continuation of its summer routes – Athens, Edinburgh and Venice – and new service to Barcelona, Dublin, Lisbon, Manchester, Nice and Rome.

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During a break from the LPGA golf tournament held at Atlantis Paradise Island last week, professional golfer Emma Jandel took a tour of Grand Bahama. Watch a video of her trip here. 

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Tourism Today
Tuesday, January 28, 2014
Tuesday, January 28, 2014

Continue to see videoDuring a break from the LPGA golf tournament held at Atlantis Paradise Island last week, professional golfer Emma Jandel took a tour of Grand Bahama.
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PM in Cuba for regional summit – photo

Prime Minister Perry Christie arrived in Havana, Cuba, yesterday to attend the Latin American and Caribbean Summit. Click here to see the full-sized photo.

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TheBahamasInvestor.com
Tuesday, January 28, 2014
Tuesday, January 28, 2014

Prime Minister Perry Christie arrived in Havana, Cuba, yesterday to attend the two-day Latin American and Caribbean Summit.

Prime Minister Christie is accompanied by Foreign Affairs Minister Fred Mitchell, Labour and National Insurance Minister Shane Gibson and Minister of State for Transport and Aviation Hope Strachan.

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