The Bahamas Investor

...Minister of Financial Services Ryan Pinder views the “A” rating for the Securities Commission of the Bahamas as monumental, as it follows the recent passage of the Securities Industries Act. He adds that The Bahamas is the first country in the region with such a rating.......

...onorable Perry Christie, Prime Minister and Minister of Finance; Honorable Ryan Pinder, Minister of Financial Services; Honorable Obediah Wilchcombe, Minister of Tourism; Honorable Michael Halkitis, Minister of State for Finance; Honorable Khaalis Rolle, Minister of State for Investments; Ms. Wendy Craigg, Governor of the Central Bank of the Bahamas; senior government officials, and representatives of the opposition, private sector and civil socie......

...wo per cent. This growth presents a golden opportunity for banks and other financial services providers that operate out of The Bahamas. “It is clear that The Bahamas is well placed to serve much of international business flowing into and out of the Americas, due to: strong existing business contacts; well recognized tax and regulatory jurisdiction; tested and flexible Bahamian structures; accessibility, time zone and the ability to have a physica......

...mes decline 32%, impacting results in our Pipelines & Terminals and Energy Services segments. Additionally, our Energy Services segment executed its previously announced strategy of reducing refined product inventories in the Midwest to mitigate basis pricing risk following the extreme volatility experienced in late 2011 and into 2012. This strategy, which should reduce exposure to market volatility in the future, generated losses in the first qua......

...t examined fiscal policy and reform(1), and Minister of Financial Services Ryan Pinder, who praised the role of accountants in an increasingly regulated global environment(2). Speaking on the last day of the BICA conference, Minister of State for Investment Khaalis Rolle said the government was committed to helping small and medium-sized enterprises(3) receive financial and technical support and also spoke about how investment was transforming Gra......

...CA is not going away,” she told attendees. Minister for Financial Services Ryan Pinder said FATCA was an indication of the growing importance of compliance. “We as an industry must be prepared to accept that what we are subject to under FATCA will only be the start of a new normal,” he said. “We, as a long-standing jurisdiction that has developed a significant level of expertise, can not only compete in this new normal, but also be industry leader......

...unts to the US Treasury. Earlier this year, Minister of Financial Services Ryan Pinder announced that the government would adopt a Model 1 Intergovernmental Agreement (IGA) with the US Treasury in order to carry out its reporting duties. According to Nottage, the government is currently deliberating the costs associated with the Model 1 agreement, including those related to implementing an electronic reporting system and providing the necessary tr......

...iner Services, Latin America Liner Services, Logistics Services, Petroleum Services, Marine Services and Technical Services. Offered within these operating lines of business are: liner container shipping, logistics, contract towing and transportation; ship assist and escort; energy support; salvage and emergency response through its TITAN Salvage subsidiary; vessel management; vessel construction and naval architecture through its Jensen Maritime......

...s the communications provider of choice and the first to offer Triple Play services to The Bahamas. Services are provided under the REV suite of products including REVOICE, REVON and REVTV covering telephony, internet and video respectively. Additionally CBL offers international data connectivity, disaster recovery and web hosting. All services are provided to residential and business customers on 16 islands in The Bahamas. In 2009, CBL received a......

...ence with the Olympic medal winners (from left) Michael Mathieu, Demetrius Pinder, and Deputy Prime Minister Philip “Brave” Davis August 14. (BIS Photo/Peter Ramsay) The government is committed to scouting for potentially great athletes in the country and preparing them for the 2016 Olympics and other sporting events, Prime Minister Perry Christie said yesterday. He made the statement during a press conference with the Bahamas’ men’s 4x400m relay......

Here follows a statement by the Minister of Financial Services Hope Strachan April 4, 2016: The Ministry of Financial Services is responsible for the promotion of the financial sector. This Ministry also seeks to establish The Bahamas as the jurisdiction of choice for financial services inclusive of banking, insurance, securities and investment funds. The leak of documents from a law firm in Panama is disconcerting. This leak challenges the work......

...Strengthening our Foundation, Expanding 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.......

...ahamas Institute of Financial Services paid a courtesy call on Minister of Financial Services Brent Symonette May 25, at the Ministry. Pictured: Khaliah Brown, Financial and Trade Officer; Tanya Murray, Project Manager; LaTonya Symonette-Tinker, Consultant; Sherrylee Smith, Permanent Secretary; Minister Symonette; Kim Bodie, executive director, BIFS; Hubert Edwards, Acting President; Jane Major, Education Officer; Peggy Knowles, Consultant; and Gl......

...early 2000, the sector contained over 700 banks, trust companies and other financial services institutions, with more than half a trillion dollars of assets under administration and/or management. High salaries and employment in the sector contributed significantly to GDP and to government revenue, which by some estimates, exceeded $100 million per year. Regulatory game changer That success story came to an abrupt end that same year when the Organ......

...ahamas runs a very sophisticated banking system, comparable with any other financial services jurisdiction in the world,” says Kim Bodie, executive director of the Bahamas Institute of Financial Services, the main organizer of the event. “I’m very elated as the head of this Institute to have this opportunity to showcase the intellectual capital of our financial services industry and, particularly, how well we do financial services in this country.......