The Bahamas Investor

...education, and a concerted effort toward the ease of doing business through a transparent system operating in a regulated environment with an enviably compliant culture. See below for the Minister’s full contribution to Parliament. Documents • 2016 2017 Budget Contribution Source: Bahamas Financial Services Board.......

...nd Bahama and among our youth were still less encouraging, and remain therefore areas of clear, ongoing public policy concern.” Prime Minister Christie said: “It will be important that the country’s economy achieve appreciably higher rates of growth over time in order to generate sufficient new job opportunities, particularly in these two critical areas.” He said news on the inflation front has been somewhat more encouraging. The Prime Minister ex......

...six-month plan for the Ministry of Financial Services in order reach a set of goals. Minister Pinder made the remarks this week during his contribution in the 2012/2013 budget debate in the House of Assembly. “We in the Ministry have already started our initial six-month strategy plan, which will be expanded into a more comprehensive five-year strategic plan for the Ministry of Financial Services,” he said. The Minister went on to say that Bahamia......

...s and Deputy Prime Minister and Minister of Finance Peter Turnquest at the Office of the Prime Minister last week. Pictured: Baker’s Bay executives Dr Livingstone Marshall, Sr VP, environmental & community (left) and Michael Meldman, chairman/CEO, Discovery Land Co (second left) pay a courtesy call on Prime Minister Dr Hubert Minnis (centre), Deputy Prime Minister and Minister of Finance Peter Turnquest (second right), and Minister of Tourism and......

...in Grand Bahama following Hurricane Matthew’s devastation last year. Part of Minister Foulkes trip entailed meetings with the Grand Bahama Port Authority, Freeport Container Port, Bahama Rock Ltd., Grand Bahama Shipyard, and Pineyard Steel to discuss its training programme. Among the labour leaders the minister met were Bahamas General Workers Union, headed by Thomas Basden who represents the workers at Bahama Rock; Grand Bahama Port Authority Wo......

...social media and a dedicated website to help to produce a database and platform for communication of Bahamians overseas. The Prime Minister said such a council could also promote investment and job opportunities for Bahamians wishing to return to and/or work in The Bahamas. “The council may also promote ways that Bahamians overseas can network and help with educational and community-minded projects that will benefit The Bahamas, especially young B......

...The government is also moving forward with plans to develop both a centre of excellence for financial services and an arbitration centre. Developing the latter would entail relaxing the requirements of The Bahamas Bar to allow foreign lawyers to practice in the country, the Minister said. He said such a liberalisation of the sector would be necessary to grow the economy and, in addition, the government is looking to introduce short-term work perm......

...iguration of government agencies to facilitate ease of process and sharing of information between agencies (companies registrar, business license unit, NIB, BIA, regulatory agencies), the Minister said that the government has already begun to implement changes to immigration processes. These include those for tax residency, work permit relaxation for certain classes of persons, economic permanent residency and threshold for purchase of a residence......

...uccessful operation of the project – which includes the establishment, out of the Office of the Prime Minister, of a task force to enable proper coordination between government agencies,” he said. Late last week, the government was invited by the Exim bank to Beijing, with a view to resolving pertinent issues to enable the early remobilization and completion of the project, including addressing the legitimate interests of Bahamian creditors, Prime......

...rvices; Ian Fair, chairman, Grand Bahama Port Authority; Michael Darville, Minister for Grand Bahama; Godfrey Smith, CEO Hutchinson Bahamas; Albert Gray, consultant, Ministry for Grand Bahama; Melvin Seymour, PS, Ministry for Grand Bahama; Sherry Rodgers-Brookes, PA/corporate, Hutchinson Bahamas; and Derek Newbold, business development manager, GBPA. (Photo courtesy of the Ministry for Grand Bahama) Pictured: (left to right) Melissa Forbes, projec......

...not merge, we would not get the value we wanted,” explained BCC president Khaalis Rolle who is also the BCCEC’s first chairman. At the BCCEC’s official launch, Rolle explained that the new body is the result of years of discussion and collaboration between the BCC and BECon. “The road here has been a very long one dating back to 2001 when the discussions first started,” he said. “The BCC and BECon share a long history. We are both advocate organi......

...el suite. You get a very good return on investment that way.” For Minister of State for Investments Khaalis E. Rolle, The Bahamas’ popularity with investors has been increased by transparent system of governance. “We have been the largest hub for FDI among the small island states for many years. In the past year alone, The Bahamas has received $1.5 billion,” he said. “We have done an excellent job in promoting The Bahamas and will continue to do s......

...two sponsor exemptions. The other was awarded to veteran Jill McGill, 41, of California, who has earned more than $2 million in her LPGA career. McGill, a former U.S. Women’s Amateur champion, last competed in the 2011 Kia Classic. “Our field is shaping up to be one of the strongest of the year-to-date on the LPGA slate,” said Tournament Director Matt Truax. “We are extremely excited and proud to have Georgette Rolle playing here at the Ocean Clu......

...businesses because of the influx of visitors and the economy grew.” Pedro Rolle, head of the Exuma Chamber of Commerce, agrees, saying: “Foreign investment developments bring a myriad of entrepreneurial opportunities for local people and for Bahamians generally. As a result of collaboration with the Chamber of Commerce, foreign investors and government, the entrepreneurial spirit of Exumians should flourish through vertical linkages with these re......

...ce of the external obligation or need. In the absence of delegation, sales of foreign exchange may only be accommodated after the approval from the Central Bank has been provided. During the month of April, the Central Bank will conduct a series of seminars with commercial banks and MTBS to ensure a smooth and swift transition to the enhanced regime. A. ADJUSTMENTS TO PRESENTLY DELEGATED CURRENT ACCOUNT ITEMS · With respect to gift remittances to......