The Bahamas Investor

...the audience of businessmen and women. “The stronger both our economies become, the stronger our growing relationship will be.” According to figures from the US Department of Commerce, The Bahamas was ranked the 48th largest US export market from 2008 to 2010. Dinkelman noted that this was indicative of “the deep and continuous commercial relationship we share and which evolves every day.” The US Embassy hosted the seminar in partnership with the......

...ent of the budget). Both the port’s terminals are expected to be operational by December, said Maura. All construction is expected to be completed by April next year. tblair@dupuch.com......

...he Bahamas had signed a total of 27 TIEAs. The Bahamas TIEA with Spain will come into force on August 17, 2011; the TIEA with Japan is due to come into force on August 25, 2011. scotterill@dupuch.com......

...ty and a port of entry, saying this will increase the tourist trade, as well as make the island more accessible to potential investors. “We are a tourism-based economy and most of our visitors come from the US, so we need to make it more convenient for them to come here.” For more information about Long Island, watch the video below. cboal@dupuch.com......

...nternationally renowned bestselling author and life coach. Munroe made the comments during his address to the 2011 Visionary Business Leaders and?Entrepreneurs Awards Conference, which was held in Nassau last month under the theme Change Agents:?In It To Win It In 2011. “Mastering the change of crisis determines your ability to benefit from the crisis,”?Munroe advised. “In other words, change must be managed and controlled, if you are going to be......

...serves more destinations in The Bahamas than any other US carrier, will deploy all six Saabs on its Florida/Bahamas routes, replacing the smaller, 19-seat Beechcraft 1900D aircraft. “This investment will enhance our customers’ flight experiences by providing them with the premium service and comfort they value and deserve” says Darrell Richardson, chief executive officer of Gulfstream International Airlines. Saab 340Bplus aircraft features includ......

...r says there is no need for a Ministry of Financial Services. His comments come on the back of suggestions made by lawyer Brian Moree at the Bahamas Business Outlook conference in January that a Ministry of Financial Services would greatly benefit the sector. “Any serious national commitment to grow the financial services industry in The Bahamas should start with the creation of a state-of-the-art, adequately funded and resourced Ministry of Finan......

...BICA) panelists will look at the amendments to the International Business Companies Act and to the Companies Act, which introduced a modern and comprehensive insolvency regime. John Delaney, QC, Attorney-General will speak about why insolvency reform was necessary. Brian Moree, QC, senior partner, McKinney Bancroft & Hughes, will take us through the amendments. He will be joined by experienced liquidator and insolvency practitioner, Anthony Kikiv......

...ts One&Only Palmilla in Mexico to Toronto real estate and asset management company Brookfield Asset Management in a debt-for-equity swap. The move came after Kerzner International failed in November last year to renegotiate terms on a $2.6 billion debt. Earlier this month, Sir Sol Kerzner also announced that he was stepping down as chief executive officer and the reins were being handed over to long-standing Kerzner executive Alan Liebman. However......

...supplier companies, including hotels, attractions, destination management companies, tourism groups and transportation companies, as well as 331 individuals representing buyers such as tour operators, wholesalers and online intermediaries. This year is a notable anniversary for the regional and local tourism sector. It is the 50th anniversary of the Caribbean Hotel and Tourism Association, of which The Bahamas Hotel Association (BHA) is a foundin......

...s to develop sports tourism in terms of amateur sports. These events are becoming far more important in terms of developing our business,” said Vanderpool-Wallace, who noted that the new multi-million dollar national stadium would open in Nassau next month and could host large scale international events. The Caribbean Hotel and Tourism Association’s Caribbean Marketplace runs until January 24 and brings together tourism sector buyers and sellers f......

...g new and exciting features, primarily activities, entertainment and new accommodations.” Markantonis comments came during a press conference held on day two of the Caribbean Hotel and Tourism’s Association’s Caribbean Marketplace conference at Atlantis held January 22-24. In keeping with its regular maintenance cycle, the hotel is expected to renovate about 600-700 rooms in 2012. The resort is also eyeing the possibility of introducing new casino......

...hike in the daily average room rate to $201.23. Central Bank has yet to release its December report. tblair@dupuch.com......

...nancial services sector; they provide a highway over which individuals and companies receive and make payments for goods and services,” explained Laing. “A payment system is essentially a set of instruments, procedures and rules for the transfer of funds among system participants. Disruptions in a system, or the total failure of a system, pose a threat to the stability of the financial system.” A safe and efficient payment system, Laing said, is c......

...o Initial Public Offerings–the Arawak Development Port and the Bahamas Telecommunications Company. “The opportunity for Bahamians from all walks of life to own shares in vital sectors, such as shipping and telecoms, at generous initial price offerings, is a ground-breaking achievement in terms of national and economic development,” said Ingraham. The Prime Minister said he was of the conviction that the FNM government had successfully navigated th......