The Bahamas Investor

...s first-in-the-world resort concept.” It is hoped that Baha Mar, scheduled for completion in late 2013, will create over 8,000 new jobs for Bahamian workers across all sectors of the hospitality industry and generate 2.3 million annual visitor room nights. Chinese presence Although it has accelerated recently, Chinese presence and commercial interest in The Bahamas stretches back a number of years. Hutchison Port Holdings Ltd, the Hong Kong-based......

...minated for Outstanding Actress at the Image Awards. Sydney Tamiia Poitier has landed many TV Series and TV Movies such as “Private Practice” as Michelle; “Knight Rider” as Carrie Rivai; “Grey’s Anatomy” as Deborah Fleiss; “Joan Of Arcadia” as Rebecca Askew; “Abby” as Abby Newman and “Free Of Eden” as Nicole Turner, where she Co-starred with her father Oscar Winner, Sidney Poitier. BIFF 2012 begins Thursday, December 6th in Nassau and runs through......

...l interest, resulting in over 30,000 website visits from 47 US states (led by California, Florida, New York and Texas) and 129 international countries (led by Canada, Sweden, the UK and The Bahamas). The online property videos and photography went viral, reaching over 290,000 views and generating over 20,000 engagements. “These sellers hired us to find qualified buyers and produce the highest prices possible within their timeframe, and we proved t......

...e who has been through the prison system. He hopes the project will set an example for the private sector. “I want to hire someone who has a criminal record or has been incarcerated. We want to hire them and challenge other corporations to hire someone with a record. It takes people out of jail and gives them another chance and possibly an education. I’m proud of every deal we’ve done, but when you can make a difference in someone’s life, that’s o......

...ting on dynastic planning, as opposed to just legacy planning. The Chinese for example prefer to create a dynasty rather than leave a legacy and that’s where I am seeing a different level of enquiry. Q: What marketing efforts are being made to promote The Bahamas and how can we improve them? AA: The way we structure the Bahamas Landfall promotional events is quite innovative and creative, but the key element is that we put aside the interests of i......

...an to participate in an international art fair. “These fairs are a new platform for contemporary Bahamian art to be experienced, where more complex narratives of Bahamian culture can be presented globally. Institutions like Baha Mar are elevating the ceiling under which artists work by broadening the opportunities for visibility,” said Cox, who is in charge of driving the creative experience at Baha Mar. “It’s very exciting: Baha Mar CEO Sarkis Iz......

...eting globally. Now businesses have 10 to 50 times greater download speeds for affordable prices. That has really changed the game.” New technology Another game changer in the IT arena has been the availability of new software, according to Ritchie, who adds: “One of the biggest developments has been leveraging new technologies such as cloud computing. That has really changed the way we do business. High-end technology is now more affordable and m......

...ontrol over the operations than would be allowed under normal corporate trustee arrangements. Family office. The family office concept uses the private trust company structure as a platform for the broader-based services to be provided for the family. Other applications. IBCs can include joint venture, patent and e-businesses.......

...ers, boaters, or just lead busy lives and this is somewhere they can go to completely decompress.” The buyer demographic is changing from early 50s to mid-40s. A solid investment, real estate on the island has held its value throughout the decades. A beachside two-bedroom, two-bathroom condo apartment sells for $395,000. Beachfront lots start around $975,000 (about 150 ft of beachfront on a 1.5 acre lot); waterfront lots on the sound side (between......

...part in the town hall meetings of the Constitutional Commission, the first of which in New Providence will be held this coming Monday at the Diplomat Centre. Madam President of the Bar : I end as I began by commending you and your colleagues for the initiative you have shown in establishing these new headquarters as the permanent home of the Bar Association. Well done, and good luck!......

...The Bahamas,” she says. “Reservations for the event have become so hard to come by that seats sell out months in advance.” Homebuyers’ paradise Kamalame Cay isn’t only enticing guests to enjoy all the resort has to offer, it is also quickly attracting investors keen on making it a permanent getaway. According to Pritchard-Ansell, Kamalame Cay has 100 homesite lots spread across the island. Currently, real estate development has reached phase four,......

...he recent sale of the Paradise Island Harbour Resort to the Warwick Group, for example, or The Cove in Eleuthera, were relatively straightforward, notes Jibrilu. With a project on the scale of Baha Mar, however, it can take much longer, because there are so many agencies involved. This can cause obvious frustrations for the investor. “You have to be realistic, give assurances and keep all parties informed,” Jibrilu says. “Everything is time sensit......

...omes to the administration side, such as permits and environmental issues, for example, there is no template. We have to create the path as we go along.” This can obviously present frustrations, but Steeves says that the advantage of doing a project of this type in a small jurisdiction such as The Bahamas is that “you can talk directly to the people who effect change. Consequently, change can happen very quickly, even though there are not necessar......

...,000, are beginning to crop up all over the island. Build it and they will come Foreign investors are not the only ones contributing to the development of the island’s economy. Most of the major Nassau-based insurance companies and commercial banks have set up shop in George Town and recently, Mail Boxes Etc opened its doors in the Emerald Isle Shopping Centre. While those additions cater mainly to the growing and increasingly prosperous local com......

...edients and registered intermediates, commenced work on a new facility due for completion in 2019, with the creation of 200 new jobs. Polystrene producer and distributor Polymer International, Bradford Marine boatyard and Statoil, which owns the South Riding Point storage and transshipment terminal, also continue to do well.b The only large industrial company to sustain major, long-term damage during Hurricane Matthew was the Freeport Container Po......