The Bahamas Investor

...Speaking at a NABHOOD event in Miami last week, State Minister for Investments Khaalis Rolle reassured the audience that The Bahamas was still a great place in which to invest in the hospitality industry.......

...s announcement in the House of Assembly, Khaalis Rolle, the state minister for investments, provided further details on Genting Group’s increased involvement on the tiny island of Bimini. The official confirmed that the Malaysian-based conglomerate has not purchased the resort, but instead signed off on a managerial contract. The length and terms of the contact, however, are unknown at this time. Genting Group’s greater operational involvement is......

...at the Ocean Club Golf Course on Paradise Island this week. A few hours before teeing off in the competition, she said her aim was to stay focused and get in the game early. It is the second time Rolle has participated in the tournament having made her debut last year. She said it was an enlightening experience playing with some of the best female golfers in the world. Rolle and other golfers got the opportunity to guide students in basic skills......

...Conclave took place April 15-16 at the Melia Resort in Nassau. Other speakers on the agenda for the two-day conference included Prime Minister Perry Christie, Minister of State for Investments Khaalis Rolle and Baha Mar chief executive officer Sarkis Izmirlian. cmorris@dupuch.com......

...by the RT. Hon. Prime Minister Christie; The Hon. Khaalis Rolle, Minister of State for Investments, Office of the Prime Minister; Astrid Wynter, Bahamas Country Representative, IDB; and Edison Sumner, CEO, Bahamas Chamber of Commerce and Employers’ Confederation. Bahamas IDB Country Representative, Astrid Wynter summarized on behalf of the CGF partners that: “The Bahamas, like many other regional nations, is seeking to address the deterioration i......

...panding our Reach. Government officials in attendance included Deputy Prime Minister Philip Davis, Minister of Health Perry Gomez, Minister of Financial Services Ryan Pinder, Minister of State for Investments Khaalis Rolle, permanent secretaries, heads of departments and representatives from the financial services industry.......

...fiscal recovery and reform of the financial sector, according to Minister of State for Finance Michael Halkitis, adding that tax reform and modernization of the administration of the tax system were key goals for the near future. Officially opening Accountants’ Week in Nassau, the Minister said the government would grow the economy by attracting foreign direct investment and investing in education and training to make the workforce more competiti......

...h February 22. Speakers include chairman of the Grand Bahama Port Authority Ian Fair, Minister of Financial Services Ryan Pinder and Minister of State for Investment Khaalis Rolle. cmorris@dupuch.com......

...prehensive approach to development that includes short-term stimuli in the form of specific investments, as well as longer-term investments in the governance and infrastructure of Freeport. Most immediately, Prime Minister Christie continued, provisions of the agreement will result in “significant new investment projects” that will retain and expand key industries in Grand Bahama. “There is now a clear path to the expansion of the Freeport Contain......

...supported these remarks, commenting, “I am amazed by the passion and vigor of all of you. I am resolute in my belief that there is no country on earth that has as much to offer as we do. Certainly, we have challenges – we have not reached the summit – but when we have faltered as a sector we have always managed to right ourselves, and when we have succeeded we have succeeded beyond the realms of possibility and that is because of the power, intell......

...tions, nor any restrictions on the repatriation of profits. To the benefit of foreign investors, The Bahamas’ government takes a favourable approach to FDI. Feasible projects large and small often move swiftly through the Bahamas Investment Authority’s (BIA) approval process. Typically, larger scale projects get green-lit quicker, but the medium-sized and small investors also get strong support from the government. Financial services is one area w......

...ce were The Bahamas Chamber of Commerce and Employers Confederation , the Trade Union Congress and the National Congress of Trade Unions, the Prices Commission, the Consumer Protection Commission and The Bahamas Bureau of Standards and Quality Services. Minister Foulkes also met with the Governor of The Central Bank of The Bahamas John Rolle in a separate meeting. Minister Foulkes and the banks had frank and open discussions on the recent increase......

...IA Photo) During his address to the Institute of Internal Auditors May 25, Minister of Finance Peter Turnquest said that the government is looking to strengthen the country’s cadre of VAT auditors, as well as promoting “transparency, integrity and accountability” in business. He said that since the introduction of VAT by the former administration, the government has outsourced its VAT auditing to an international team of auditors, which is costly.......

...the first phase has given the participants nine college credits. Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson spoke at the graduation saying: “The government’s vision is for Grand Bahama to become a technology hub. We are building this initiative from the ground up. We believe that this initiative can make a significant impact on our economy. The establishment and growth of a technology sector will create......

...te, had been sought since 2003 and the agreement was finalized by Minister of Foreign Affairs and Immigration Fred Mitchell during a visit to Qatar earlier this year. The ambassador’s visit today signifies Qatar’s seriousness about and commitment to working with the government of The Bahamas, and with Grand Bahama Island, in particular, he said. “As the Minister for Grand Bahama, I am happy that His Excellency’s fact finding mission has led him to......