The Bahamas Investor

...ndtourism.com or call +1 305 443-3040. For details on other ways people can help, visit the following sites: caribbeanhotelandtourism.com/hurricane-resources bahamas.com/relief......

...hat will help visitors plan their trips to areas of the island that are welcoming guests. ACCOMMODATIONS Hotels and resorts that are back to business and welcoming guests include: South Abaco: The Abaco Club on Winding Bay, The Sandpiper Inn, The Delphi Club, The Black Fly Bonefish Lodges, Abaco Breeze, Oeisha’sResort, Pete & Gay’s Guest House, Moore’s Island Bonefish Lodge and R&S Motel Central Abaco: Abaco Hillside Plaza, Calypso Hills Hideaways......

...Island and the phased construction at The Pointe of a 100-unit condominium complex slated for completion September 2018 and a branded, 150-room hotel which will open November 2018,” Prime Minister Christie stated. The 900-space garage at The Pointe is also undergoing a phased opening with current access given to annual pass holders and tenants and public access to the garage following shortly thereafter, he noted. “These are all developments which......

...ut 2018. Rosewood Baha Mar features four signature dining venues including Commonwealth, a farm-to-table restaurant; the Pool Grille, al fresco dining pool side; Bar Riva, serving craft cocktails and small plates; and the Library Lounge, offering Bahamian-style afternoon tea and unique tea cocktails. Other amenities include Sense, a Rosewood spa, salon, barber shop, fitness centre, two private swimming pools and luxury cabanas. Guests will also ha......

...sentations. Pictured: Deltec International Group chairman Jean Chalopin welcomes over 300 thought leaders, regulators, emerging companies and financial services professionals to the Deltec Annual Conference opening night dinner. (Photos courtesy Deltec) In his remarks at the conference gala hosted at the conclusion of the first full day of the event, Peter Turnquest, Deputy Prime Minister and Minister of Finance, said: “I am very impressed at the......

...g to The Bahamas for our spectacular natural beauty. But the world is also coming to experience our culture and heritage, including the visual arts, which are prominently featured throughout Baha Mar,” said Prime Minister Minnis. Baha Mar Phase II will include a major waterpark and entertainment amenity known as Baha Bay. The family friendly recreational area is geared toward all ages and will be heavily influenced by the natural environment. Ther......

...lass, environmentally sustainable luxury island retreat with local appeal, community participation while maintaining the natural charm of the environment. “Abaco is on the move,” the Prime Minister said, adding that the rebuilding of North Abaco has begun following the destruction caused by Hurricane Dorian about five months ago. “Today’s signing is an important part of the post-Dorian reconstruction and rebuilding effort.” The Prime Minister was......

...trical upgrade. Repairs to Cooper’s Town Primary School are expected to be completed at the end of the month. S.C. Bootle High School in Cooper’s Town is expected to be completed before the end of the school year. Plans are under review for the Amy Roberts Primary School on Green Turtle Cay. Work has started on the Central Abaco Primary School. It is anticipated that it will be completed by the end of April. In Grand Bahama, the plan is to constru......

...ales office, spa, pool and retail shops later this year. Construction will commence shortly on phased expansion of its accommodations with twenty (20) new condo units and penthouse condos and four new homes are slated for completion within the next four months. The owner plans to break ground on a new 120-room resort once a brand operator is identified for both the hotel and mega yacht marina at February Point. I am told that once these arrangemen......

...ips representing some 42 million gross tons.” Investors can therefore gain comfort from the fact that The Bahamas is no newcomer to the industry. A partnership with regulators and government led by the Bahamas Financial Services Board is also a healthy feature of the financial services marketplace that has allowed for innovative ideas such as the SMART fund* and other key legislation to be developed in recent times. Big names Many high-calibre fin......

...and in the archipelago, and the least developed, with a population of about 300 Government is giving nearly 10,000 acres of Crown Land to the new company for the development Baha Mar Resorts $2 billion for the first phase, with a projected opening date of 2010 Major investor is the Izmirlian family, in a joint venture between Starwood Hotels & Resorts Worldwide, Ltd, and Harrah’s Entertainment, Inc A 1,000-acre project offering 3,550 rooms and an......

...ent borrower more than 180 days past due is 3% of loans and 5% of adjusted common equity (net of receivables from members). The bank instituted a risk management review in 2012. After an evaluation by an external advisor, the bank has established a risk management unit and formalized a risk committee that will include senior management and the chief risk officer. Management has undertaken efforts to better align the bank’s policies of funding, liq......

...ve undertaken a twenty ($20) million dollar, single phase development of a commercial and residential complex to replace the existing shopping centre inclusive of townhouses, high end retail shops, a community park and police station. AIRLIFT The Bahamas continues to attract strong seat capacity from airlines at major hubs and non-stop gateways across the USA and Canada, working in partnership with the Ministry of Tourism. The destination continue......

...proposals have not been disclosed, Smith believes that Plasco was the only company to commit to a pure gasification process. The others appear to have incorporated older technologies, including simply burning the waste. Ginny McKinney, of Bahamas Renewable Energy Resources, says, “gasification is our preferred technology, but we felt we had to give BEC options. The main thing is to start getting rid of garbage, with most bang for our buck.” Plasco......

...rld,” says Andrew Raenden, managing director of Royal Bank of Canada Trust Company (Bahamas) Ltd. “International banks and trust companies appreciate this. Further, while steeped in English common law, Bahamian independence is also a key factor. Bahamian law imposes strict regulatory controls on how financial institutions operate, ensuring the utmost protection and confidentiality for international investors. These qualities give high-net-worth cl......