IRVINE, Calif., Nov. 11, 2013 /PRNewswire/ — JetSuite, the nation’s fastest growing private jet charter company, has expanded service to include non-stop flights to popular locations in the Caribbean just in time for the holiday travel season. Passengers can now fly non-stop from the east coast to St. Maarten (TNCM), Anguilla (AXA), Turks and Caicos (MBPV), as well as Nassau(MYNN) and Eleuthera (MYEH) in The Bahamas on the JetSuite Edition Citation CJ3. These six-passenger aircraft can fly up to 2,000 miles, and offer free onboard WiFi, increased interior comfort and speeds up to 480 miles per hour.

“Our mission revolves around making private air travel accessible to more people than ever before, and offering an unprecedented level of transparency,” explains JetSuite CEO Alex Wilcox. “Expanding our service to the Caribbean solidifies our position in New York, the busiest jet charter market in the world.”

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Pictured: Minister of Financial Services Ryan Pinder speaks at the Bahamas Financial Services Board Landfall event held at the Conrad Hilton in Miami November 7.

Using The Bahamas’ approach to FATCA as an example of the country’s leading status in financial services, Pinder said the jurisdiction viewed FATCA as a chance to “stay ahead of the game.”

Hosted by the Bahamas Financial Services Board (BFSB), Landfall events, which are held throughout the year at various locations, presents a comprehensive view of The Bahamas for wealth managers, particularly those unfamiliar with the offshore financial centre.

The US-originated FATCA requires financial reporting to the Internal Revenue Service (IRS) of assets held by Americans outside the US.

When news of FATCA broke, The Bahamas held a series of discussions with officials from the IRS and the Treasury “to give them some ideas as to how we would want to proceed,” said Pinder.

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Pictured: Minister of Financial Services Ryan Pinder speaks at the Bahamas Financial Services Board Landfall event held at the Conrad Hilton in Miami November 7.

Miami, Florida–Billions of dollars held by American financial institutions for Latin American clients could potentially make its way to The Bahamas, said Minister of Financial Services Ryan Pinder during a Bahamas Financial Services Board (BFSB) Landfall event held at the Conrad Hilton in Miami November 7.

“We are forecasting significant exit mobility of capital,” said Pinder.

“We believe that as a sovereign country with a well-regulated and respected banking system, one that is close to Miami, that we will be the recipient of significant amounts of capital that is found in the institutions here.”

Pinder, a tax attorney, says there’s one estimate floating around that some $200 billion is under management by Miami financial institutions for Latin American clients.

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NEW YORK, Nov. 6, 2013 /PRNewswire/ — Morgans Hotel Group Co. (NASDAQ: MHGC) (“MHG” or the “Company”) today reported financial results for the quarter ended September 30, 2013.s

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From RTTNews:

Brookfield Asset Management Inc. (BAM: Quote, BAM_A.TO), Friday reported an increase in third-quarter Funds from operations or FFO, reflecting strong operating performance and gains from several large realizations.

For the three-month period, the company reported FFO of $1.19 billion or $1.85 per share, compared with $223 million or $0.30 last year. Net income attributable was $1.49 billion or $1.23 per share, compared with $875 million or $0.48 per share last year.

The company said that disposition gains included in FFO totaled $851 million for the quarter, compared with losses of $77 million last year. Also in the FFO were included a $525 million gain on the settlement of a long dated interest rate contract, as well as gains on the sales of North American timberlands and private equity investments.

Total revenues and other gains were $5.17 billion, up from prior year’s $4.66 billion.

This is an excerpt from RTTNews as it appeared on November 8, 2013. For updates or to read the current version of this post in its entirety, please click here.

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NASSAU, Bahamas, Nov. 6, 2013 (GLOBE NEWSWIRE) — Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business, and Ocean Business), announced today that it will release its third quarter 2013 financial results on Wednesday, November 13, 2013, after the market closes. Ultrapetrol also will host a related conference call on Thursday, November 14, 2013, at 09:00 a.m. Eastern Time, accessible via telephone and Internet with an accompanying slide presentation.

On the call, Mr. Felipe Menendez Ross, President and Chief Executive Officer, and Ms. Cecilia Yad, Chief Financial Officer, will discuss Ultrapetrol’s results and the outlook for its three core businesses. There also will be a question and answer session. The call is expected to last approximately one hour and an audio webcast and slide presentation will be available on the Investor Relations section of Ultrapetrol’s Web site at www.ultrapetrol.net.

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TAMPA, Fla.–(BUSINESS WIRE)–In its quest to offer the best cargo shipping options on the Web, On the Move Systems Corp. (OTCBB: OMVS) is currently negotiating a development agreement with a Florida-based transport company offering shipping to the Bahamas and Cuba.

OMVS has been scouting promising intermodal freight transport companies for potential partnership and acquisition since August. The company is working to revolutionize the way cargo transport services are bought and sold by developing a new online platform that applies the same business model used by companies such as Expedia, Travelocity and more to travel and transportation options not offered by its larger competitors.

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The C/S Sarafina has become the newest ship to be added to The Bahamas shipping registry by Campbell Shipping Company Ltd.

The 37,500-ton vessel was christened by Dame Marguerite Pindling, November 6, at the Tsuji Shipping Yard, near Shanghai, China.

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Deputy Prime Minister and Minister of Works and Urban Development Philip Davis met with People’s Republic of China’s Ambassador to The Bahamas Hu Shan (left) during a farewell courtesy call at the Ministry of Foreign Affairs, November 6, 2013.

Ambassador Hu leaves The Bahamas November 9.

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