The Bahamas Investor

...y Ehurd Cunningham spoke of how the e-government project would improve the financial services industry. He said: “The United Nations has ranked The Bahamas 65 out of 184 countries in terms of e-government services; we have an opportunity to improve on this. This will be possible if we take advantage of modern tools and practices. “This is a major initiative for The Bahamas and will drastically change the way we conduct business and interact with g......

...t is a modernization reform that Bahamian businesspersons have been asking for, for a long time,” Prime Minister Minnis said during a press conference held to announce the liberalization of Exchange Control. The media event was held in Office of the Prime Minister December 20. Prime Minister Minnis was accompanied by his Cabinet along with other senior government officials including acting financial secretary Marlon Johnson; permanent secretary in......

...esses development, will be spent right here in Grand Bahama.” Deputy Prime Minister and Minister of Finance Peter Turnquest (pictured) also congratulated the CEO of Elnet, and the principals on the success of the business over the past 10 years. “We know, based upon the history of this company and based upon your vision for Elnet, that this new endeavour will be very successful, and will continue to contribute to this island in a significant way,”......

...meeting on Tuesday, there were a number of meetings with the Deputy Prime Minister and Minister of Finance Peter Turnquest, as well as other colleagues, concerning issues related to Grand Bahama.” “We are hitting the ground running. There are a lot of things that need to be done and so I just feel excited and ready to work.” Thompson further explained that the newly-appointed Cabinet is ready for the task at hand and Prime Minister Hubert Minnis......

.... “That means, this would create multiple opportunities on various islands for more creative work,” added Minister Johnson, during an interview with the media at Grand Bahama’s New Year’s Junkanoo parade in downtown Freeport. “We would like to see the Grand Bahama parade grow and get better, and from what I’ve seen here at this parade thus far, the quality of work has already sky-rocketed.” Minister Johnson noted that what was done to develop spor......

...n of his brother, the late Senator Robert F Kennedy; actress Cheryl Hines; Minister of Foreign Affairs and Immigration Fred Mitchell; United States Charge’ d’ Affaires John Dinkleman; Cabinet Ministers; Members of the Diplomatic Corp; and other government officials. The unveiling of the plaque comes one month after the planting of ficus trees at the cite, as reminders of the significance of the visit of President John F Kennedy. “On 21 December, 2......

...e region would change if we could only compete with India for call centres for Fortune 500 companies creating thousands of jobs in our island nations. I know that the Caribbean nationals sitting in this room have a vision for the diversification of our economies from tourism, agriculture and finance to a point where we can be a part of the 21st Century supply chain, like Singapore, South Korea, India, Philippines and Japan, with plants to assemble......

Minister of Financial Services Ryan Pinder said recently that full membership and compliance in the World Trade Organization (WTO) is necessary if Bahamian producers want to compete on an even field with other international producers. “Bahamian exporters would find themselves having favourable access to more than 100 countries, giving them an expansive foreign marketplace,” Minister Pinder told participants in the recent Bahamas Bureau of Standar......

...n benefit their business.” The presentation featured a panel including the Ryan Pinder, Minister of Financial Services, and Allen, who both presented the “Why The Bahamas” story; Michele Fields, superintendent of the Insurance Commission of The Bahamas , who discussed regulatory issues; and Lorraine Stack, a senior vice president with the Marsh Captive Solutions Group, who provided a practical business perspective on captives. Pictured: Panelists......

...essionals from across the Caribbean. Opening the event yesterday, Minister for Financial Services Ryan Pinder said the conference was “a groundbreaking opportunity” and “the first of its kind in the region.” FATCA requires all foreign financial institutions to disclose information on their US accounts to the US Treasury. It is due to become law next year. The first day of the conference saw speakers from the Treasury and the IRS outlining the regu......

...r of Tourism Jerome Fitzgerald Minister of Education, Science & Technology Ryan Pinder Minister of Financial Services Allyson Maynard Gibson Attorney General & Minister of Legal Affairs Damian Gomez Minister of State in the Ministry of Legal Affairs Michael Halkitis Minister of State in the Ministry of Finance Keith Bell Minister of State in the Ministry of National Security This first group of ministers will be sworn in at Government House at 4pm......

...ncial Times has confirmed Aliya Allen, CEO and Executive Director, Bahamas Financial Services Board, as a panellist for its Global Summit on International Financial Centres, November 27-28, 2012 in London. The comprehensive two day summit is being sponsored under the broad theme, “Delivering Competitiveness and Growth in the Changing Global Economy.” It will feature senior speakers from the world’s leading and emerging financial centres who will c......

...second quarter 2012 revenues of $79.5 million; Recorded adjusted EBITDA before foreign currency exchange variance of $12.9 million in the second quarter of 2012;1 which includes adjusted EBITDA of $5.4 million from our River Business segment, adjusted EBITDA of $6.9 million from our Offshore Supply Business segment, adjusted EBITDA of $0.6 million from our Ocean Business segment adjusted EBITDA. After including a loss of $3.3 million from financi......

...assessment of this sector, including stress testing or the calculation of financial soundness indicators. Financial system oversight has improved greatly over the last decade and the authorities continue to act with resolve on a wide variety of fronts to institute further improvements. However, further strengthening is needed to ensure the financial system remains robust well into the future, particularly in insurance and securities where relativ......

...es will also help to demonstrate to international observers that The Bahamas is strongly committed to meeting and where feasible exceeding global standards for financial crime risk management. The consultation period will end on May 1, 2018.......