The Bahamas Investor

...n Sustainable Growth September 19-20 at Atlantis Paradise Island. Minister of State in the Ministry of Finance Michael Halkitis announced at a press briefing September 12 that the high level forum will allow Ministers of Finance and Central Bank governors and other officials from throughout the Caribbean to discuss ways that they can work together with international financial institutions to address pressing economic and financial matters, which c......

...d by the Bahamas Association of Compliance Officers (BACO), while Minister of State in the Ministry of Finance Michael Halkitis will discuss the new VAT regime, ahead of its expected implementation next year. Also speaking at the conference will be Attorney General Allyson Maynard-Gibson and BACO president Marsha Ferguson. Topics on the agenda for the day include the role of the MLRO, global anti-money laundering trends, data protection and compli......

...nt her last seven years in management. She most recently held the position of manager, investments. During her employment at Royal Fidelity, Miller was responsible for managing investment portfolios for institutional and high net worth individuals. She has also managed the Brokerage Department at Royal Fidelity and was responsible for overseeing the daily operations of the trading and brokerage department. She authored the daily and weekly stock m......

...attendance. Newly Announced Participants Include – Douglas W. Evans , Head of Investments, Abbot Downing Jorge Becerra , Senior Partner, Boston Consulting Group Cara Williams , Global head of Wealth Management, Mercer Santiago Ulloa , President, WE Family Offices Ignacio Pakciarz , CEO, BigSur Partners Ernest Dawal , Chief Investment Officer, SunTrust Banks and GenSpring Family Offices Paul Koch , President, ALTASOL Latin Markets will continue to......

...ce, as well as administrative upgrades. Miya, is a wholly owned subsidiary of Arison Investments. The activities of Arison Investments focus on finance, real estate and infrastructures, and water and energy. Veritec, a Miya Group company is a leading firm in North America in water loss management and water conservation. The primary objective of the project to be undertaken by Miya is to reduce NRW from over five million gallons per day to 2.5 mill......

...a DOSM was made possible by the initiatives undertaken by BISX in the form of investments in our trading technology, as well as our investments in maintaining a regulatory regime that meets international standards. However, this recognition also speaks to the soundness of our regulatory environment on the ground level, as it demonstrates the competence and effectiveness of the entire securities regulatory infrastructure of The Bahamas.” The BISX C......

...he island. The announcement was made during a press conference held at the Office of the Prime Minister June 29. “This is an important venture not only for Rav Bahamas and Resorts World, but also for the island of Bimini as it provides further stability for the local economy in a destination that already enjoys a 79 per cent visitor return,” said Prime Minister Perry Christie. Chief executive officer of RAV Bahamas, Gerardo Capo, said that he is v......

...ncome Fund a stand-alone mutual fund previously listed on BISX. Commenting of the addition of the three mutual fund series to the Exchange, Mr. Davies stated, “We are pleased with the addition of these three mutual fund series from Royal Fidelity. Offering investors variety and choice in investments is a goal of the Exchange and this is achieved with these new listings.” The Investment Manager of these mutual funds is Royal Fidelity Merchant Bank......

...m. “For us in The Bahamas this has involved the recreation of the Ministry of Investments.” Prime Minister Christie said this has also involved dialogue with potential investors and articulating a clear vision for the development of the country. “We have studied the investment promotions agencies in the region for strategies that could be adopted in strengthening our principal agency of foreign direct investment promotion, the Bahamas Investment A......

...unsecured creditors to accommodate the request of my Government. Hundreds of former Bahamian employees of Baha Mar have received the outstanding amounts due to them: unpaid salaries, severance pay, accrued vacation pay, and notice payments due by termination. Sums deducted from employees and former employees’ salaries and pension contributions have been paid. Other Bahamian creditors and contractors have received a significant part, and in many c......

...of Understanding Concerning Consultation and Cooperation and the Exchange of Information (the MMoU) of the International Organisation of Securities Commissions (IOSCO). With this achievement, The Bahamas became the first independent country in the region with IOSCO “A” Status. Being a signatory to the MMoU is a statement of a jurisdiction’s commitment with regard to mutual assistance and the exchange of information for the purpose of enforcing an......

...private lender. “It consists of the long-time former family compound and estate of the Parker Family of Parker Games fame–Monopoly and other well-known board games.” The Orlando, FL-based Grand Pointe Investments, headed by John C. Gray, Jr., acquired the property 10 years ago from the Parker Family and, “has made extensive improvements since,” said Wolfer. “With 15.5 acres and five private beaches on its own peninsula, this property is clearly t......

...more than 300 years of political stability which has earned the confidence of foreign investors around the world,” says Andrew Raenden, managing director of Royal Bank of Canada Trust Company (Bahamas) Ltd. “International banks and trust companies appreciate this. Further, while steeped in English common law, Bahamian independence is also a key factor. Bahamian law imposes strict regulatory controls on how financial institutions operate, ensuring......

...issue of exchange control. In the insurance industry in The Bahamas, a lot of investments are in government bills, with some in equities, but all are domestic. “This puts us at a disadvantage in certain circumstances for example if a large hurricane or storm hits,” says Treco. “We would have to cash in investments and it would be hard to realize full price. It is short-sighted not to allow diversity in the investment portfolio and allow offshore i......

...view the Police Manpower Audit which will determine the appropriate number of officers required to effectively police our nation. The Audit will not only end the need for prescribed promotion dates determined by politicians but create a fair process that is based on vacancies. We will prepare capable officers for future leadership through a Succession Plan, where only the most competent officers are selected to lead the Royal Bahamas Police Force.......