The Bahamas Investor

...e specific recommendations to make it easier to do business in the country for Bahamians and foreign investors. Prime Minister Minnis said administration officials have a comprehensive vision for a 21st Century Bahamas and national development. The seven-point plan includes economic development, transformation and diversification; bolstering national security, including combating crime and its causes as well as illegal migration; advancing democra......

...Executives of PriceWaterhouseCoopers made a courtesy call on the Minister of Labour Dion Foulkes 19 October, 2017 at the Ministry of Labour. Pictured: Shavonne Symonette, administration officer, Ministry of Labour; Cecilia Strachan, permanent secretary (Acting), Ministry of Labour; Minister Foulkes; Kevin Cambridge, director PwC; Claudene Lofters, senior manager, PwC; and Adrian Tait, partner advisory-consulting, PwC. (BIS Photo)......

...a Clarke and Graham Torode of Hutchison Lucaya Ltd. The government has put forward a proposal to purchase the hotel. Before purchasing the hotel, the nation’s leader said it was important to tour the facility. While at Memories, the group saw one of the restaurants and a few of the hotel rooms. Memories, which has 400 rooms, is in what he described as “very good condition”. The government is looking to recoup the investment on the back of a commit......

...untries. The council is a proposal of Bahamian Financial Services Minister Ryan Pinder, who said a framework for a Memorandum of Understanding on the idea is expected to be completed by the end of this month. Pinder was speaking during a press conference with Foreign Minister Fred Mitchell and Agriculture and Marine Resources Minister Alfred Gray following bilateral talks held in the Dominican Republic focusing on alleged poaching in Bahamian wate......

...nal data abroad. Pinder, who is also president of the Bahamas Institute of Financial Services (BIFS ), additionally presented to the conference on “Terrorist Financing and Sanctions: The Regional Experience – Focus on Non Profit Organisations”. The conference was jointly hosted by the Jamaica Bankers Association (JBA ) and the Jamaica Institute of Financial Services (JIFS ). Read/download a complete copy of Pinder’s presentation here: Data Protect......

...hosted by the Bahamas Financial Services Board (BFSB) yesterday, Minister for Financial Services Ryan Pinder said the Bahamian government would take into account the views of the private sector when determining which model to follow. “One thing I can assure you of is that the decision will be based on thorough analysis and consulation with the private sector,” he said. The Minister also said that the government was prepared to help guide business......

...Shahjahan Ali and Jennifer Laurine–along with Financial Services Minister Ryan Pinder and moderator Simon Beck of Baker & McKenzie LLP . Panelists not only described the business growth and evolution of the case study jurisdictions over the last five years, but also the incentives each jurisdiction provides to encourage growth. They also spoke of key strengths and weaknesses of those jurisdictions and described how these financial centres have po......

...&P 500) has outperformed other major international stock markets since the financial crisis. For some further perspective on the post-financial crisis rally, today’s chart illustrates how much of the downturn that occurred as a result of the financial crisis has been retraced by each of the five major US stock market indexes. For example, the S&P 500 peaked at 1,565.15 back in October 9, 2007 and troughed at 676.53 back on March 9, 2009. The most......

...he mandate to protect the policyholders and, as you continue to review the financial information presented by insurance companies with greater skill, it is ultimately the policyholder’s interest that will be better safeguarded.” Superintendent of Insurance with the Insurance Commission of The Bahamas , Michele Fields, also spoke at the opening ceremony, stressing the importance of attending workshops and networking to improve skills. “We, as super......

..., where she participated in a panel discussion debating the global view of financial services. The first speaker of the panel, Richard Hay, a partner at law firm Strikeman Elliot , pointed out that the 2012 Sharman Report found little evidence that IFCs are used for tax evasion, and that these centres actually boost the global economy by facilitating cross-border trade. Fellow panelist Prince Rahming, senior partner at PricewaterhouseCoopers , war......

...US stock market indices trade well within record territory, when adjusted for inflation, the story changes. For example, the inflation-adjusted Dow still trades below both its 1999 and 2007 peaks — albeit not by much (only 0.3% below its 2007 pre financial crisis peak and 2.7% below its 1999 all-time, inflation-adjusted record high). Another point of interest is how the inflation-adjusted Dow has not spent much time above the low 15,000 level (se......

...ce markets and the Family Islands unaffected by Hurricane Dorian. Read/download the full report and report summary here: Monthly Economic and Financial Developments December 2019 December MEFD Summary......

...d private trust companies, making more Bahamian-based structures available for financial planners to use in estate planning and wealth management. On the service side of the ledger, the Securities Commission established a fast-track process for granting approval to new funds, guaranteeing their review and response within 72 hours. Cost-effective administration The Bahamas has also retained its place as a respected centre for fund administration. “......

...xchange rate has remained broadly stable over the past four years. Looking forward, the outlook foresees stronger growth and a weaker debt position. Real GDP growth of 2½ percent in 2012 is projected to exceed trend growth (2 percent), driven by strong tourism and construction activity. Growth could increase further over the medium term if new projects and trade initiatives materialize. Inflation is likely to stay low—projected at over 2 percent (......

...ribbean Development Bank and International Finance Corporation . The theme for the forum is “Building Growth into the Caribbean Sustainability Agenda – a Concerted Approach.” Topics to be examined at the second annual forum include: How to Increase the Growth Potential of Economies in the Region including How to Stimulate and Harness the Private Sector’s Potential; How to Reduce and Mitigate Against the Region’s Vulnerability to Natural Disasters......