The Bahamas Investor

...nds… where people can move around freely and easily.” In the meantime, the Minister said, he was optimistic about the sector’s performance in 2012. “We are going to find ourselves in a much better position in the first quarter [of 2012] than we have seen for some time. We are beginning to move ourselves out of the recession.” The government expects to see a 15 per cent rise in group business in the first quarter of the year. Total visitor numbers......

...ortunities for locals onboard the various cruise ships serving the island. Minister for Grand Bahama Michael Darville meets with top executives of Celebration Cruise Line September 5. Pictured left to right are: James Velrillo, Celebration Cruise Line; Darville; Charles Kinner, president of Celebration Cruise Line; Melvin Seymour, permanent secretary at the Ministry for Grand Bahama; and Daniel Lambert, Celebration Cruise Line. Darville spent Wedn......

...ister’s attendance at the sea trade conference was that it allowed him, as Minister for Grand Bahama, to speak at a significant conference segment hosted by Grand Bahama Shipyard. Over 100 people attended that particular function — executives from the cruise lines and maritime industries, as well as customers, partners and subcontractors with the Shipyard. “Again, that event and the opportunity to speak there, gave us another opportunity to promot......

...to the United Kingdom, for sending Her Majesty’s Royal Navy, and CARICOM, for its security forces and aid officials.” “I thank also, the Royal Dutch Navy and the Canadian Government for coming to our aid.” Prime Minister Minnis noted that the combined efforts of the government and the international community have focused on search and rescue. The focus is now shifting to recovery, stabilization and restoration. The Prime Minister said the outpour......

...infrastructure improvements to enhance quality of life (f) a new framework for performance-based development concessions that will replace the expiring tax concessions of the Hawksbill Creek Agreement (g) a focused and collaborative strategy to reshape the approach to attracting, retaining, and expanding investment in Grand Bahama (h) and a commitment to resolve longstanding issues related to Government deficits in Freeport in a way that protects......

...ugh this project, an IT platform will be developed to provide up-to-date information to the Prime Minister and senior members of government on the status of priority projects and programmes. Prime Minister Minnis said the modernization efforts and use of smart technology will also impact healthcare in a positive way. “In the development of our National Health Insurance programme, the integration of medical records throughout the healthcare system......

...onal film and television industries. vii. Create incentives to establish a financial services centre in Grand Bahama. Chamber of Commerce involvement Since the General Election, the Grand Bahama Chamber of Commerce has been working closely with the new administration, mainly through the Office of the Prime Minister on Grand Bahama, acting as the voice of and representing the interests of its members and the business community as a whole. The chamb......

...ister of National Security Bernard Nottage, Minister of Financial Services Ryan Pinder. The talks, which ran October 29-30, covered issues such as illegal fishing, migration and trade relations, particularly in the area of agricultural imports and medical products. Members of the Bahamian delegation hold a briefing, October 29, Santo Domingo, Dominican Republic. (BIS Photo/Eric Rose) Minister of Financial Services Ryan Pinder (left) listens to Sec......

Minister of Financial Services Ryan Pinder and Director of Financial Services Nicola Virgil-Rolle announced at a press conference today that The Bahamas will host a Regional FATCA Workshop April 9-10, 2013. The Ministry of Financial Services will host the workshop in partnership with the Bahamas Association of Compliance Officers (BACO) on the US Foreign Accounts Tax Compliance Act (FATCA) at the British Colonial Hilton Hotel in Nassau, The Baham......

...antially by revisions to the civil code and further by CVM rules. Minister for Financial Services Ryan Pinder also addressed the briefing, which was packed with industry practitioners, describing the ICON as a prime example of how The Bahamas stays “ahead of the game” rather than being reactive to market needs. He expressed personal pride in the new product and assured industry of his Ministry’s commitment to its success. “The ICON is a fundamenta......

...ir Arthur Foulkes May 10 at Government House. The new Ministers are: Bernard Nottage, Minister of National Security and Government Leader in the House of Assembly; Obediah Wilchcombe, Minister of Tourism; Jerome Fitzgerald, Minister of Education Science and Technology; Ryan Pinder, Minister of Financial Services; Allyson Maynard Gibson, Attorney General and Minister of Legal Affairs; Damian Gomez, Minister of State in the Ministry of Legal Affairs......

...ifth Cuba-CARICOM Summit. Accompanying the Prime Minister are the Minister for Financial Services and International Trade Ryan Pinder and State Minister for Investment in the Office of the Prime Minister Khaalis Rolle. Prime Minister Christie is expected to offer assurances of The Bahamas’ commitment to the relationship between the two nations as they continue to find ways to work with each other, both bilaterally and within a regional context on......

...2007 and troughed at 6,547.05 back on March 9, 2009. The most recent close for the Dow is 13,954.42 — it has retraced 97.2% of its financial crisis bear market decline. As today’s chart illustrates, each of these five major stock market indices have retraced over 90% of their financial crisis decline. However, it is the S&P 400 (mid-cap stocks), the tech-laden Nasdaq and the Russell 2000 (small-cap stocks) that have recouped all the losses incurre......

...operate as subsea support vessels, opening a window to a full array of new services for our Company. At the same time, in 2013, we took delivery of two new construction PSVs from India, UP Amber and UP Pearl, which entered service under four-year contracts with Petrobras. Additionally, four of our existing PSVs in Brazil renewed their four-year employments at significantly increased rates.” Mr. Menéndez continued, “In 2013, we achieved our goal of......

...orting Officers (MLROs) in The Bahamas have been agreed to by the Group of Financial Services Regulators. These guidelines contain a common set of criteria that each financial sector regulator will use to assess individuals nominated to serve as MLROs in financial institutions doing business in The Bahamas. Among other things, the MLRO should have sound understanding of the money laundering and terrorist financing risks of the financial institutio......