The Bahamas Investor

...s are caught between a rock and a hard place—losing their competitive edge for financial services on the one hand or losing favour with OECD member countries on the other. “We tend to see the TIEA process as loaded with negatives,” says Hay, “particularly if you see it not as tax information exchange but tax information provision; as a one-way flow and the dice are loaded against you.” But, Hay advises, there is also the prospect of increased oppo......

...t years, the drastic impact of the financial crisis has forced many in the financial services industry to re-focus on new markets. Home to expanding economies such as Brazil and Mexico, Latin America offers tremendous growth potential and exciting opportunities. The region’s HNWIs are financially savvy and demand timely, flexible and professional service. While trust is established over time, opportunities will gradually arise. Therefore, any fina......

...phere”—a mantle well-earned through 36 years of significant development in financial services since winning its independence in 1973. The financial services industry in The Bahamas now operates at a highly sophisticated level with a cadre of professional, qualified and trained staff. The innovative and proactive services provided to cater for and adapt to the changing needs of the financial industry were highlighted during the conference in Canada......

...Barbados on December 9, 2013. The meeting of Ministers with responsibility for financial services and key industry professionals was assembled to develop the strategic direction relating to the continued development of the industry, to develop recommendations relating to the governance structure of the regional initiative, and to determine the strategic engagement of the overseas countries and territories in the overall process. Chaired by Donvill......

...rowth in this area is of vital importance to our institution. We have therefore been forming a network of talented partners, who are the ambassadors of our institution in Latin America.” Investment solutions The bank has in place a number of strategies designed to help capture a segment of that market and products range from the most basic through to the most sophisticated (ETFs, hedge funds, structured products) including 30,000 investment funds......

...its OECD peers as an important and reliable partner in the international efforts for transparency and exchange of information and has all the tools necessary to continue to compete and thrive. These factors provide a myriad of reasons for clients to have confidence and seek The Bahamas as a jurisdiction of choice for wealth planning. What the future holds The fiscal stimulus plans designed to stimulate world economies and reduce debt promoted by t......

...g the focus of what distinguishes The Bahamas from competing jurisdictions for financial services while recognizing the shifting landscape due to increased transparency and cooperation. Summit sessions will include: Defining the Bahamas Value Proposition: A Policy Perspective by the Minister of Financial Services Hope Strachan Defining Our Value Proposition in the Midst of a Changing Landscape: A Business Perspective; Bahamas Financial Services St......

...ket share. Q: When it comes to telecommunications, what are the priorities for the financial community? A: Cable and Wireless operates in more offshore financial jurisdictions than probably any other telephone company in the world. We have a presence in Turks and Caicos, the Cayman Islands, the British Virgin Islands, Jersey, Guernsey and the Isle of Man. We have a lot of experience dealing with the types of customers we have here in The Bahamas.......

...ZNS Network news recently conducted an in-depth interview with Minister of Financial Services, Trade, industry and Immigration Elsworth Johnson.......

...bert Minnis to once again take a seat at the Cabinet table. As Minister of Financial Services, Trade and Industry, and Immigration, Symonette says he is determined to bring about another transformation, this time in the nation’s second economic pillar of financial services. Symonette, juggling three major ministries, is focused on boosting growth in areas such as arbitration, financial services technology and improving the ease of doing business i......

...hough there “is still much more to be done.” Representatives from several key government agencies met last week to go over final details for the report to be given before the UN this week. Pictured (from left seated) are: Pat Francis; Christine Campbell; Minister of Social Services and Community Development Melanie Griffin; and permanent secretary, Ministry of Social Services and Community Development, Barbara Burrows. Standing (from left) are: Je......

...s or consultations. Since its inception, it has served as an efficient platform for conducting air service negotiations. So far more than a total of 142 States have participated in and benefited from ICAN at least once. Discussions will continue in the coming months to finalize the ASAs with the remaining countries, as soon as those countries have finalized their internal approval processes. Both The Bahamas and the relevant countries expressed th......

...Hon. Dion Foulkes, Minister of Agriculture and Marine Resources the Hon. Michael Pintard, Minister of Youth, Sports and Culture the Hon. Lanisha Rolle, and Minister of Financial Services, Trade & Industry and Immigration, the Hon. Elsworth Johnson. (BIS Photo/Letisha Henderson)......

...ramework from time to time to ensure that it is always sustainable,” Prime Minister Christie said. “For now, this gradual, selective approach is sound, given the prudent fashion in which we are always advised to proceed, in the advice of the IMF other respected authorities, given that we are a small, and still very vulnerable economy.” Prime Minister Christie revealed that, given the strong interests that had been expressed by the business around......

...tend a Heads of Government meeting since the general elections last year,” Minister Mitchell said. Minister Mitchell noted that the main issue discussed at the meeting was the question of regional security. The Bahamas chairs The Council of National Security Ministers and a presentation was made by the Minister of National Security for The Bahamas Bernard Nottage urging certain steps for the development of national security interests in the region......