Come February 2013, hundreds of business executives, investment authority delegates as well as regional government leaders, will converge on Grand Bahama Island for the Bahamas International Investment and Business Forum (BIIF). The event, a collaborative effort between The Grand Bahama Port Authority, Limited (GBPA), the Bahamas Investment Authority (BIA) and the Commonwealth Business Council (CBC), will serve in meeting numerous objectives that are priorities for both The Bahamas Government and GBPA.

The forum, slated for February 20th -21st, 2013 at the Grand Lucayan Resort, is intended to focus on attracting new foreign direct investment to the country, while simultaneously revitalizing the country’s legacy as a premier investment platform and business friendly destination.

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This is an excerpt from Grand Bahama Port Authority as it appeared on February 15, 2013. For updates or to read the current version of this post in its entirety, please click here.

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WEST DES MOINES, Iowa, Feb. 14, 2013 /PRNewswire/ — Event Management leader ITA Group today announced Briggs, Inc., New York City, NY (a destination management company) and Atlantis Paradise Island Resort, Bahamas, as the recipients of its 2012 Timeless Performance Award. This is the ninth consecutive year for the award, which recognizes the efforts of hotel, cruise line, and destination management company (DMC) suppliers.

Winners are selected based on nominations from ITA Group sales and event management team members, as well as feedback from ITA Group’s Group Event Management Supplier Evaluation Surveys. Participants from some of the world’s largest corporations weighed in on their service experience from start to finish with these two companies.

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Legal experts from across the United States gathered in The Bahamas this week for the National Bar Association (NBA)Mid-Winter Meeting.

Founded in 1925, the NBA is the oldest and largest association of minority lawyers and judges. It represents approximately 44,000 lawyers, judges, law professors and law students and has more than 80 affiliate chapters throughout the US and around the world.

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NASSAU, The Bahamas Feb. 2013 — Having settled into a somewhat staid persona that belied its many charms—charms that attracted many a top celebrity to its powdery beaches—The Bahamas is shaking off any lingering dust and embracing a new, glittering image, much in line with its very appealing status of tax shelter for foreign investors.

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President of the Caribbean Association of Investment Promotion Agencies (CAIPA) has praised The Bahamas’ marketing efforts—in particular the Ministry of Tourism’s television ad which aired during the Super Bowl this month—saying that it will help strengthen the country’s tourism sector and lure investors to the region.

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The government tabled in the House of Assembly February 13 its White Paper on Tax Reform.

According to the Perry Christie administration, the overarching objectives of the document is threefold: to secure an adequate revenue base in support of modern governance; to establish a tax structure that promotes economic efficiency and stronger economic growth; and to make the tax system more equitable.

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The government is collecting roughly half of what it should receive in real property taxes, with about 35,000 properties currently outside the system, Minister of State for Finance Michael Halkitis disclosed yesterday.

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February 12, 2013 (IMF) – On February 4, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with The Bahamas. …continue >

Feb. 13, 2013 (Caricom.org) – Secretary-General of the Caribbean Community (CARICOM) Ambassador Irwin LaRocque is paying an official visit to The Bahamas from Wednesday, February 13 through February 15.

On February 14, the second day of his visit, the Secretary-General will meet with the Rt. Honourable Perry Christie, Prime Minister of The Bahamas.

Ambassador LaRocque is scheduled to pay a courtesy call on the Honourable Frederick Mitchell, Minister of Foreign Affairs and Immigration. The Secretary-General will also hold discussions with the Honourable Bernard Nottage, Minister of National Security and current chairman of CARICOM Council for National Security and Law Enforcement (CONSLE).

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Pictured: William Macaulay (left) and John Hill co-founded First Reserve in 1983. (Photo source: www.firstreserve.com)

GREENWICH, Conn., HOUSTON, LONDON, and HONG KONG, Feb. 11, 2013 /PRNewswire/ — First Reserve today announced that it is celebrating its thirtieth year in global energy investing, making it the oldest and largest global private equity firm exclusively focused on energy.

Having begun their careers in energy investing in the early 1970s, William “Bill” Macaulay and John Hill co-founded First Reserve in 1983 with the takeover of several distressed private energy funds. Since that time, the Firm has raised more than USD $23 billion of aggregate capital since inception and now maintains the largest energy-focused private equity investment team in the industry. Its 41 active portfolio companies in the Buyout Funds and Infrastructure Fund trade on five market exchanges and operate in approximately 50 countries.

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