The Bahamas Investor

...country that would further cement its position as the leader in the region for financial services. “It would also assist in increasing trade between China and The Bahamas and indeed the region by enabling China-Bahamas trade to be denominated in Chinese RMB and Bahamian dollars, rather than the current practice of using US dollars as the intermediate currency.” She said the benefits of this development include: Currency exchange savings from direc......

...diverse mix of golf, corporate and summer members, many of whom are in the financial services field,” says Simms. “We offer corporate golf memberships at discounted membership rates and also, we have corporate events which include a full day of golf, instruction and awards and entertainment at the Clubhouse. It’s great for team building and staff appreciation days.” Simms adds Ocean Club’s location, a stone’s throw from Nassau’s downtown core, mak......

...Financial Services. Acting Director of Trade & Industry in the Ministry of Financial Services Viana Gardiner said the Ministry has drawn up “a full onslaught of legislation” to bring The Bahamas up to date on regulation concerning patents, copyrights and trademarks and believes this level of protection will encourage international companies to base their operations in the country. Gardiner highlighted Freeport as a possible site for investment, po......

...rogramme of tax planning in connection with captive insurance. The Bahamas Financial Services Board, in association with the Ministry of Finance, has been working to bring The Bahamas’ External Insurance Act to a high level. This could form a basis for an inexpensive and efficient administration to facilitate the quick and reasonably priced licence creation and licensing of captive insurance companies in The Bahamas. This legislation should soon b......

...mated $757 million, the Bahamian insurance sector is a vital pillar of the financial services offering of the jurisdiction. The industry got its start around the turn of the 19th century when companies such as Imperial Life Assurance Co and J S Johnson & Co Ltd established agencies in The Bahamas. Development on the general insurance side was spurred on by the passage of the Road Traffic Act, 1958, which made motor insurance compulsory. Growth con......

...to “People Power” – recognised as one of the most important assets of our financial services industry. Capacity building to meet the myriad challenges and opportunities that confront us today remains a key to success, and the sustainability of our sector.” The 2014 Nominees are: ACHIEVER OF THE YEAR Amanda I. Smith, Associate Manager, Andbank (Bahamas) Ltd. Anna Zywiolek, Relationship Manager, Julius Baer Bank & Trust Eurika Cartwright, Administr......

...ss; some are still plugging away. Here are some observations that may help financial services providers capitalize on the continually expanding wealth planning market in China. However, these are only observations and other strategies may also prove successful: 1. Increase your brand awareness in China People can be born rich; they are not, however, born with a comprehensive knowledge of the offshore world. Sure, rich people take holidays in offsh......

...could cause a message or campaign to miss its mark entirely hence the need for a local partner in our efforts to provide cutting edge services to this region” Mr. Tom Mills, CEO congratulated Mr. Strachan in his new role stating: “We welcome Mr. Strachan and Intelligent Business Services into the HS Brands International Family. We are excited about this partnership in an effort to continue to expand our reach into this region.” Mr. Mills is recogn......

...the Governor General Her Excellency Dame Marguerite Pindling, centre, and Minister of Foreign Affairs and Immigration the Hon. Fred Mitchell at centre left, with awardees for exemplary service in the Ministry of Foreign Affairs. (BIS Photo/Peter Ramsay) Pictured: Prime Minister, centre right, with Minister Fred Mitchell, centre left; and with them, left to right: Dr Eugene Newry, ambassador, Washington, DC and permanent mission of The Bahamas to......

...project – which includes the establishment, out of the Office of the Prime Minister, of a task force to enable proper coordination between government agencies,” he said. Late last week, the government was invited by the Exim bank to Beijing, with a view to resolving pertinent issues to enable the early remobilization and completion of the project, including addressing the legitimate interests of Bahamian creditors, Prime Minister Christie stated.......

...d the wider Bahamas are to become even more entwined, as the nation moves “forward, upward, onward, together”. “Therefore, I take this opportunity to congratulate the Institute on its celebration of 45 years of existence and self-regulation, with a complementary theme of ‘Capitalising on Our Past and Building Opportunities for the Future’,” he said. Christie went further to say that if the economy of The Bahamas is to be successful then, the count......

...f the country’s largest employers. Atlantis executives also discussed with Minister Foulkes plans for the future. Photo Caption: (from left) Ricardo Deveaux, first assistant secretary, Ministry of Labour; Althea Albury, acting director of labour; Cecilia Strachan, permanent secretary (acting) in the Ministry of Labour; Minister Foulkes; Audrey Oswell, Atlantis’s president and managing director; Ed Fields, senior vice president of public affairs, A......

...Grand Bahama.” Pictured: Rev. Dr Robert Lockhart, President of the Grand Bahama Christian Council; Robert Shamosh, CEO, Holistica Destinations; Michael Bayley, President and CEO, Royal Caribbean International; Prime Minister Minnis; Minister D’Aguilar; Mauricio Hamui, CEO, ITM; and Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson. (BIS Photo/Yontalay Bowe) (BIS Photos/Yontalay Bowe)......

...deal. We welcome the news and believe that such a complex will be a sustainable and cost effective investment that will bring real auto racing back to The Bahamas.” Pictured: (from left) Dr Daniel Johnson, Minister of Youth, Sports & Culture; Philip Davis, Deputy Prime Minister and Minister of Works and Urban Development; Jean Todt, president FIA, the worldwide governing body of motorsports; and David McLaughlin, race event organizer, chairman of......

...essively” pursuing ways to boost the economy, according to the Minister of Financial Services, Trade and Industry and Immigration Brent Symonette. The Minister made the remark while speaking to stakeholders during the Bahamas Institute of Chartered Accountants (BICA ) Accountants Week opening ceremony. The event was held at Melia Nassau Beach, November 14, 2017. “Our plan is to reinforce the principles of strong leadership, based on ethical govern......