The Bahamas Investor

...an, Ambassador of the People’s Republic of China to The Bahamas, presented Minister for Education, Science and Technology Jerome Fitzgerald with a gift from the Chinese government of nine computers and two printers September 19. Minister for Grand Bahama Michael Darville and senior officials from the Ministry of Education and Ministry for Grand Bahama also attended the event. The computers are being donated to three institutions that assist in the......

...ive new infrastructural works and refurbishment, Deputy Prime Minister and Minister of Works and Urban Development Philip Davis said June 13, during his contribution to the 2012-2013 Budget Debate, at the House of Assembly. Deputy Prime Minister and Minister of Works and Urban Development Philip Davis speaks in the House of Assembly during his contributions to the 2012-2013 Budget Debate June 13, 2012. (BIS Photo / Eric Rose) “The Water and Sewera......

...month was one of the most successful in the tourism calendar, according to Minister for Tourism and Aviation Vincent Vanderpool-Wallace. The Minister, who spoke at the 30th Caribbean Marketplace conference at Atlantis Paradise Island today, said there had been a strong surge in business during November and December 2011. “December was the best month ever in terms of room revenues,” he enthused. “It was an incredible month.” In December air arrival......

...are unified in equatorial resilience against climate change, according to Minister of the Environment Earl Deveaux, and The Bahamas remains committed to environment-friendly practices. The Minister made the comments whilst addressing an audience at the College of The Bahamas (COB) Performing Arts Centre, which included representatives from the United Nations Educational, Scientific, and Cultural Organisation (UNESCO) last month. Minister Deveaux......

...d Community, UNESCO, Creative Nassau, Transforming Spaces, and Aliv. Shiel-Rolle adds: “The success of Operation Teal will require strategic partnerships in the public and private sectors, and we welcome all stakeholders committed to climate action to join us on this journey.” For more on CICI and our projects, please visit: www.cicibahamas.org. Pictured: CICI founding thought leaders in Spain for the United Nations Framework Convention on Climate......

...ave both the Takeover Code and Corporate Governance Rules concluded by end of year. Rolle said SCB’s application to become a signatory to IOSCO’s Enhanced Multilateral Memorandum of Understanding (EMMoU) is receiving favorable consideration and is awaiting formal response from the IOSCO Screening Group on whether the application has been approved. The EMMoU includes additional powers which regulators must be able to exercise. These powers are refe......

...al annual election on June 9, 2011. The names of the BCCEC’s current slate of officers were put forward by the nominating committee and went in unopposed, according to Rolle. Rolle says the BCCEC has developed a new structure comprising of 10 divisions that provide focus in “relevant” areas. The chamber’s strategic plan focuses on driving value added services (training, education and consultancy), influencing positive regulatory framework and poli......

...grity of the industry and ensure that investors are protected. In the case of Professional and SMART funds, we know that investors have a sophisticated level of knowledge so these funds require less intervention, from an oversight perspective. We try to give managers sufficient room to operate,” says Rolle. Fostering innovation and allowing new SMART fund templates to be created is another key attraction of The Bahamas. “We have working groups tha......

...delivered the keynote address, GBPA chairman Ian Fair, chief executive officer of the Bahamas Financial Services Board Aliya Allen and director of investments for The Bahamas Investment Authority Joy Jibrilu.......

...n The Bahamas and Brazil. Please be assured of my fullest support and that of my office wherever possible in the discharge of your mission,” Sir Arthur said. The Bahamas officially accepted Carlos Eduardo Sette Camara Da Fonseca Costa, ambassador of the Federative Republic of Brazil to the Commonwealth of The Bahamas, during a presentation of his credentials to Sir Arthur Foulkes, governor general, in a ceremony at Government House March 13, 2014.......

...ed by long-term secular trends; lower rates of home ownership, in the case of workforce housing, and the ageing population, in the case of medical office assets. The apartment buildings his company purchases generally range in size from 200 to 400 units, which allows for operational efficiencies as compared to buying smaller properties. It is a large asset class in the US, but with significant barriers to entry, as on the ground operational expert......

...velopment Agency (Caribbean Export)—the trade promotion and investment arm of CARIFORUM. This secretariat works alongside a board of directors led by a president. The current incumbent of this title is Ronald Theodore, who is also the vice president of promotion and marketing at Grenada Industrial Development Corp. Theodore was elected during CAIPA’s second annual general assembly conference, which was held in Nassau at the end of 2012, and hopes......

...ousehold appliances,” Wang said. The Caribbean region is seen as a gateway for foreign investors to tap into the US market because of its proximity to North America. In recent years, Chinese companies have been accelerating their investments in the region and promoting trade ties. One of the biggest projects is the Baha Mar resort in the Bahamas, being built by China State Construction Engineering Corp, China’s largest construction company. CSCEC,......

...erceptions, particularly concerning confidentiality, and increase the cost of offshore providers in these jurisdictions to comply with the new regulations. Subsequently, The Bahamas will gain a significant competitive advantage over these Caribbean centres in attracting offshore funds and contribute eventually to the growth of the mutual funds sector. Conclusion In an effort to make The Bahamas an attractive and sophisticated offshore centre, The......

...ndustry, tourism, to be the engine of growth,” says the country’s Minister of State for Finance, James Smith, underlining the importance of the sector to the economy. “[The] Bahamas also recognizes that, despite its natural attributes of sun, sea and sand, it is a high-cost area,” he says, since the nation has to import nearly all its food and manufactured goods from abroad. What’s needed is to bring wealthier tourists, who spend more per day, plu......