The Bahamas Investor

...ill continue to be an important part of the new entity as EFG and BSI join forces. Comins says the jurisdiction has always been an important international base for both brands and still has a vital role to play. “The Bahamas is a key centre for us; it always has been. BSI, in its various guises, has had a presence here for 40 years, while EFG is proud to have been here for 10 years. We are looking forward to further strengthening and growing our p......

...quired as a result. IBFS represents what is an ongoing and conscientious effort by The Bahamas to evaluate its core strengths and embrace innovation and adaptation to carve out new niches and advantages in wealth management, highly specialised investment vehicles and business services. Certainly, one cannot ignore the fact that the far reaching changes in international regulatory standards heralded by the revised FATF recommendations, FATCA and ot......

...ion from the USA via the Vacation Express/Bahamasair program is 66,000 and combined with 34,000 from Canada for a total of 101,000 seats. This translates a projected increase of 71,000 passengers, representing 460,450 visitor nights overall. Tourism earnings from this new traffic should amount to $57 million. Commencing with the arrival of the Baltimore flight on Thursday, May 1st, and Newark on Friday, May 2nd, the other six gateways are schedule......

...A recent announcement by the government that it is considering entering into a partnership with US firm Power Secure to restructure BEC has been met with approval by US Embassy officials.......

...The $1.3-billion Albany mixed amenity resort being developed on New Providence is entering the next phase of construction, according to senior vice president at Albany Dr Tyrone McKenzie.......

...allows member clearing banks to settle large value items—$50,000 and over—by entering the various elements of the transaction into the network. It differs from the proposed ACH as elements are entered into the system manually rather than being scanned in. McWeeney says in recent years the bank has focused a good deal of its energy and resources on creating a more robust IT infrastructure. “The irony of everything is that technically we are recogn......

...Prime Minister Perry Christie has said that four companies have expressed an interest in entering the telecommunications and cell phone market in The Bahamas during the liberalization process.......

...icable and sometimes even funny Chinese versions. A first-class slide show prepared by a first-class offshore law firm, but translated by a third-class translator into simplified Chinese gives a third-class image in mainland China. If you really need to cut the budget, try travelling in economy class, not by finding a cheap translator. 4. Domestic trusts vs offshore trusts Traditionally, the domestic trusts under China Trust Law are not used for w......

...olutions provider Acumatica to offer flexible and scalable reporting tools for the company’s clients. The tools include multiple currency support to accommodate its global clientele, as well as a flexible licensing policy that lets the start-up add users at no additional cost. Most importantly, the cloud-based platform can be hosted on servers located in The Bahamas. As well as established Bahamian organizations adopting Fintech, new firms are als......

...also because they don’t have the familiarity with common-law trusts that, for example, European clients might have.” The Foundations Act of 2004 provided a structure based in civil law that was more familiar. Described by Warren as “to some degree a hybrid of the trust and the company,” a foundation is a legal entity, endowed with assets by its founder, that can sue and be sued in its own name but benefits from similar creditor protection to that......

...lane increase safety, performance, reliability, fuel economy and passenger comfort. Of the amenities found aboard this Key West Seaplanes’ custom aircraft is the Wipaire-installed co-pilot door which adds an immense amount of safety and convenience for the front seat passengers of Key West Seaplanes. This co-pilot door allows a third way of entering or exiting the seaplane. Other modifications include the “Wip Tip” wingtip extenders that extend th......

...n the industry] who opt not to educate themselves, but to operate as hands-on tradesmen. That is one of the problems,” Lewis said. “The BCA is trying to educate us and pull everyone up.” “People will be more prepared entering the industry because of this training. It is not a short-term solution; it is a long-term fix.” Photos courtesy Carib Construction & Project Management. cmorris@dupuch.com......

...la Gittens, director general, ACI World commended the top ranking airports for their commitment to understanding how to best serve their customers through the ASQ Programme. “These airports have dedicated themselves to delivering a stellar customer experience. Promoting a culture of continuous service improvement has become a matter of gaining competitive advantage and optimising non-aeronautical revenue performance. ACI proudly recognizes these a......

...e. However, over the past seven months the price of an ounce of the shiny metal has declined more than at any point since 2008. This latest pullback has brought gold down to support (green line) for a second test of its three-year accelerated trend channel. So while the upward trend in gold is still intact, the accelerated trend is once again being tested.......

...nd put their knowledge and skills to the test through projects in friendly competitions for prizes and possible internships at blockchain and finance companies. John Rolle, Governor of The Central Bank of The Bahamas, addressed the first day of the conference. He said The Bahamas is investing in modernizing payments as part of its financial system dealing with issues such as financial inclusion. Governor Rolle also expounded on Project Sand Dollar......