The Bahamas Investor

...ng Grand Bahama, there is still a lot of work to be done, said Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson on the first anniversary of the current Dr Hubert Minnis administration. Minister Thompson said: “We have made significant progress, however, there is a lot more work to be done. I believe that throughout this year, there has been a lot of progress on a number of fronts and in a number of areas, howev......

..., formerly the Farm Road Constituency. Christie previously served as Prime Minister and Minister of Finance 2002-2007. The first ministerial appointments will be announced May 9, with the Cabinet fully assembled by May 11, the Prime Minister said. “My transition team headed by the former Attorney General Sean McWeeney, QC, is already hard at work and I propose to appoint Wendell Major CMG, later today, as the new Acting Cabinet Secretary,” he said......

...ss to the local Grand Bahamian market, all with the click of a button,” he stated. Pictured: Minister of Financial Services Hope Strachan along with the Minister for Grand Bahama Dr. Michael Darville and officials from the Ministries and consultants discuss the Bahamas Trade Information Portal which will be officially launched on April 6, 2017. Pictured are (from left) Harcourt Brown, senior undersecretary at the Ministry for Grand Bahama; Alfons......

...Chalopin, Chairman and CEO, Deltec Bank & Trust Ltd.; Paul Winder, TEP; and LaTonya Symonette-Tinker, Consultant MFS. (BIS Photo/Raymond A Bethel, Sr) US Embassy Charge d’Affaires Lisa Johnson paid a courtesy call on the Minister. Pictured: US Embassy Charge d’Affaires Lisa Johnson (left) pays a courtesy call on new Minister of Financial Services Brent Symonette at the offices of the Ministry, May 26, 2017. (BIS Photo/Patrick Hanna)......

...as to become a certified international training centre for air traffic controllers. Prime Minister Christie said an important aspect of the work undertaken by the government has been the development of viable, sustained funding arrangement for regulation and security activities. “Of paramount importance in this exercise is strengthening the capacity of the Civil Aviation Department (people, systems and processes), to deliver quality service.” “It......

...and law. The committee formulates general recommendations and suggestions. Minister Griffin will be accompanied by Barbara Burrows, permanent secretary in the Ministry of Social Services and Community Development along with other senior social services officials and those from the ministries of Foreign Affairs, Health and Education, and the Bureau of Women’s Affairs. “This meeting will allow The Bahamas to dialogue with the committee regarding wha......

In the first of a series of Meet the Ministers sessions, Minister of State for Finance Michael Halkitis spoke about the government’s strategy for economic growth with members of the Bahamas Chamber of Commerce and Employers Confederation . The strategy includes diversifying the tourism and financial services industries, while fostering links between sectors, and to identify and remove impediments to growth, particularly in the business environmen......

...nment officials, including the Prime Minister Perry Christie, Deputy Prime Minister and Minister of Works Philip Davis and Minister of Youth, Sports and Culture Dr Daniel Johnson. The stadium will be designed by architect Michael Foster. A state-of-the-art facility, the stadium is part of the nation’s current strategy to fully develop its sports tourism product. Pictured: (from left) Gina Rodgers-Sealy, daughter of baseball great, Andre Rodgers; P......

...hain and Cryptocurrency Conference was officially announced by Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson during a press conference at Pelican Bay May 24, 2018. The conference, scheduled to be held June 20-22 at the Grand Lucayan , was described by Minister Thompson as, “our coming out party” for blockchain and FinTech. It is anticipated that representatives from 500 companies will converge on Grand Baham......

...the complex. Among those in attendance were Peter Turnquest, Deputy Prime Minister and Minister of Finance; Cabinet ministers, parliamentarians, senators, members of the Board of UB, government officials, members of the diplomatic corps, students and staff of UB and representatives of Providence Investment and Development Co Ltd. Dr Rodney Smith, president, UB, underscored that careful consideration in determining the location of the building was......

Prime Minister Hubert Ingraham welcomes delegates to the Caribbean Hotel and Tourism Association’s Caribbean Marketplace conference being held at Atlantis Paradise Island on January 22, 2012. Good Evening: It is my great pleasure to welcome you back to The Bahamas, and to Nassau and Paradise Island. I trust that by now my greeting is simply the formal expression of the warm reception and careful attention you have already experienced. We are alwa......

...me Minister Hubert Minnis. (Photo/Yontalay Bowe, OPM Media Services) Prime Minister Hubert Minnis spoke to the nation 29 January 2018 in his annual address. Read the Prime Minister’s address here: Fellow Citizens and Residents: Good evening. A belated Happy New Year. Upon our election to office, we pledged to listen to the voice, aspirations, dreams, hopes and desires of our people, and institute policies drawn from the vast experience of Bahamian......

...ue of exchange control. In the insurance industry in The Bahamas, a lot of investments are in government bills, with some in equities, but all are domestic. “This puts us at a disadvantage in certain circumstances for example if a large hurricane or storm hits,” says Treco. “We would have to cash in investments and it would be hard to realize full price. It is short-sighted not to allow diversity in the investment portfolio and allow offshore inve......

...presence, weeding out the brass plates. Financial Services and Investments Minister Allyson Maynard Gibson has remarked, “The Bahamas has significant comparative advantage in the private wealth management sector, and the current transition reflects a fundamental shift in the private banking business as we distance ourselves from low-cost jurisdictions. We are not seeking to be a bottom feeder in the private banking business; our aim is to be perce......

...charges can result in a taxpayer owing more than the value of the foreign investments. It is important to note that the CRA is implementing several strategies purported towards catching Canadians with undeclared foreign assets, such as a whistleblower hotline that pays 15 per cent of all taxes collected to the whistleblower. In addition, the CRA instituted an Offshore Compliance Division, which processes information received from various sources......