The Bahamas Investor

...ty services, resort accommodations and related amenities. As a part of the community commitments outlined in the agreement, the historic Hole-in-the-Wall Lighthouse and surrounding area will get a $1 million-dollar facelift. The operation and restoration of the lighthouse will be undertaken in partnership with the government, the Antiquities, Museums and Monuments Corporation (AMMC ) and the Bahamas National Trust (BNT ). The Lighthouse’s outbuild......

...e Bahamas.” Born to the court A great ambassador for the Bahamian sporting community, tennis has always been in Knowles’ blood. Born in The Bahamas on Sept 4, 1971, to tennis pro parents Vicky Knowles Andrews—a former Wimbledon mixed-doubles competitor—and Samuel Knowles, who taught and operated the tennis programme at the former Emerald Beach Hotel and later the Nassau Beach Hotel, Knowles picked up a tennis racket almost as soon as he could walk......

...ternational financial services hub: • There are around 250 banks and trust companies licensed in The Bahamas, of which 125 are subsidiaries of institutions originating from 28 countries, including Switzerland, Canada and the United States • These institutions have combined balance sheet assets of more than $300 billion and $1 trillion in assets under administration, according to The Central Bank of The Bahamas • There are approximately 4,900 peopl......

...pments, accountants are coming to the fore in ensuring The Bahamas remains compliant and maintains its competitive edge. Accountants are integral to financial services and offer an array of products to help financial providers perform better, tighten their controls and refine their business models. With the impact of the global recession still being felt, accountancy firms are having to dig deep into their wealth of knowledge to help meet client n......

...ould be very beneficial to The Bahamas tourism industry. “With a very progressive government, a very progressive Gaming Board and a world class resort like this, you are going to see a lot of people coming down here. Our investment is going to return us significant interest. When word gets around, you are going to see a significant uptick,” he said. cmorris@dupuch.com......

...aspect will come together and each will support the other. “It is a local community project, so they will have something they can be proud of. They can exhibit their history as well, and show how life may have been back then.” The replica dwelling will be constructed from original building materials found at the site of the early Freetown settlement, which is one of the earliest communities established by freed slaves on the island in 1834. Const......

...oviding a superior quality product.” The project, which is scheduled to be completed by March this year, is expected to employ some 300 people directly and up to 1,000 indirectly. The Prime Minister also disclosed that discussions with three major airlines, including Bahamasair and several charter services, to increase airlift to the island were ongoing, as well as plans to improve the island’s infrastructure. “Because of the commitment of the dev......

...h itself as the natural centre for private banking in this time zone. This Commonwealth country has many advantages that make it attractive, notably its stable political system, with 300 years of parliamentary democracy, stable legal system, a financial centre going back to the 1930s and the fact that it is a wonderful country to live in. Q: How can The Bahamas improve on its reputation as a private banking hub? A: Competition is getting tougher f......

...20-40 billion, and that’s as long as the actual size of the field found is commercial. “Whilst the headline rate for the government is 25 per cent of the income stream, after you have factored in the cost of construction, development, operation and maintenance it is closer to 50-50,” adds Potter. “The government has made none of the investment and takes none of the financial risk.” Environmental issues There is, however, attendant political risk,......

...d “it is not in the best interest of the Colony to impose any tax on the income or capital gains of any person, company or corporation.” It was a move that essentially laid the groundwork for the development of a financial services sector. “The financial services sector started off in a very peculiar way in the sense that very wealthy people who came to visit The Bahamas discovered that we had very lax regulations in banking and financial services......

...enges do not change. Impress on the owners, chairmen and Directors of your companies to commit to reducing the “digital divide.” In its conclusions, the IDB report states: “The challenges of developing broadband are so formidable that the private sector will not be able to face them alone. Indeed, governments will have to join with the private sector and to provide leadership in initiatives to reduce not only the digital divide but also to use dig......

...ears to target this market. Construction began at Serenity Point, a luxury community in Great Abaco, in 2009 and the company behind the development, Anco Lands Ltd, began selling lots from March 2010. Ridge and hilltop sites start from around $300,000 and the company says it has seen considerable interest from overseas, in particular from Canadians. Demand for properties on the 46-home site has been such that the company is expanding further–build......

...r banks.” An example of financial support is the $1.45 billion conditional commitment Abengoa Solar received from the US Department of Energy that will support the construction and start-up of the Solana power plant project in Arizona. When completed, it will be the world’s largest solar power plant with enough power output supply for up to 70,000 homes. “There’s great ambition to implement renewable energy in the region and a wealth of opportunit......

...mit. We have noted with interest recent developments on the island, including the development of its central bank digital currency.” The IOHK Summit takes place April 17-18 at the Miami Beach Convention Center. For more information visit www.iohksummit.io The Bahamas Investor is teaming up with summit organisers IOHK to offer our followers free tickets to the event, worth $750 each. To find out more follow us on Facebook or Twitter. Complimentary......

...nger satisfaction, time spent ashore and types of shore excursions; and similar studies dating back to 2001 are available at www.F-CCA.com/Research.......