The Bahamas Investor

...r the term of the lease up to the present value of the lease payments).2 Before adjusting for these effects, the recorded total net income and net income per share are $13.5 million and $0.10, respectively; We redeemed on July 10, 2013, all $180.0 million of our outstanding 9% First Preferred Ship Mortgage Notes due 2014 with proceeds of our offering of $200.0 million 8 7/8% First Preferred Ship Mortgage Notes due 2021 (at quarter end both the 201......

...rnal’s editorial board and CNN economist, will be the keynote speaker and is expected to address delegates on the topic: “Crisis in Washington: What’s really going on inside the Beltway.” Additional speakers at the conference, which is themed “Market Solutions for the World’s Problems,” include former chief economist for the US Chamber of Commerce Richard Rahn, Dr Joel Stern, chief executive officer of Stern, Stewart & Co and Fox Business commenta......

...der (any account holder that: (1) fails to comply with reasonable requests for information necessary to determine if the account is a US account; (2) fails to provide the name, address, and TIN of each specified US person and each substantial US owner of a US owned foreign entity; or (3) fails to provide a waiver of any foreign law that would prevent the foreign financial institution from reporting any information required under this provision), (......

...ica, and ongoing public/private sector incentive programmes. Preliminary information from a sample of hotels in Nassau and Paradise Island showed room revenues firming in June, by 8.3%, as the 9.0 percentage point advance in occupancy rates to 77.7% compensated for the 3.8% contraction in average daily room rates (ADRs) to $228.04. Similar trends were noted over the half year, as gains in occupancy rates, by 6.1 percentage points, to 73.3%, counte......

...blic board directorships include Chartwell Seniors Housing REIT; Canaccord Financial; Element Financial; FirstService Corporation; and Route1 (Chairman of the Board). He also serves on the Advisory Boards of several Private Equity Funds including EnerTech Capital and Beringer Capital. * Annualized returns are based on an investor that had contributed capital into the Fund at inception of the Fund and reinvested all dividend distribution payments.......

...are currently trading above their respective pre-financial crisis peak (i.e. none are above 100% on today’s chart). It is interesting to note that the US (epicenter of the financial crisis) has outperformed the other major stock market indices while China has lagged. Source: Chart of the Day......

...o do with The Bahamas? Well, The Bahamas continues to grow and evolve as a financial services centre focused on the wealth management industry. Unlike other international financial centres that have focused on non-private wealth management services, The Bahamas has made this a priority and various members of the Bahamian financial services segment of the government have been very active in promoting this approach. We have seen developments in The......

...n of returns for funds.” “The facilitation of investment flows also was singled out by The Sharman report referenced above, which said ‘the primary conduit for foreign flows of investment both inbound and outbound have been IFCs’,” she added.......

...under the IMF’s institution-wide results based management (RBM) initiative for capacity development. Appreciation was expressed for the hospitality and logistical support of The Bahamas authorities in hosting the Steering Committee meeting.” The next meeting of the Committee will be held in May 2015 in Barbados. CARTAC works closely with its membership to address the challenges facing the region of small and very open economies that are highly sus......

...are very pleased to have our A- (Excellent) rating affirmed once again,” said CHBL executive vice chairman Emanuel M Alexiou. “We continue to maintain a conservative operating philosophy, focused on ensuring Colina maintains the long-term financial strength to honour the financial commitments we make to our policyowners every day. Best’s affirmations demonstrate that they have a great deal of confidence in Colina and its financial stability, stra......

...cial system has become a central challenge to regulators worldwide and the financial crisis has taught us that financial regulators must evaluate and constantly improve on their supervisory frameworks to keep up with the rapid development within the financial sector.” In this regard the Commission has designed a risk-based supervisory framework, which includes continuous AML/CFT risk identification and monitoring, along with supporting templates.......

...experience in the field. “Overall The Bahamas does have a good reputation for servicing clients in private client wealth, but there have been criticisms about the availability of lawyers and the ability of the judiciary to deal with more complex matters where they do not have the experience,” she says. “That is not true of some of our judges, but if you had a court dedicated to these types of work, that would enhance our reputation.” The lawyer,......

...st year. With business booming in the region, it has long been a target of financial services providers. Swiss banks have found themselves jostling for market share with their US counterparts. According to Valenzuela, a good name and a sterling reputation can deliver that vital edge. “We of course respect US banks. Rather than trying to fight them, we try to distinguish ourselves from them. We have certain features that are very attractive, but wh......

...ate investors in recent months, as a financial crisis has created a demand for traditional safe havens. For the high-net-worth individual (HNWI), the case for gold is particularly compelling. Moreover, the advent of gold exchange traded funds (ETFs) means that accessing the gold market has never been easier. Gold is a unique financial asset in that it has no counterparty risk. Its lack of correlation with other mainstream financial assets also mea......

...Coordinator at Baha Mar Alex Haley showed executives of the Nassau Flight Services VIP Department the layout of the $3.5-billion Baha Mar resort this week. The executives were taken on an in-depth tour of the resort and learned about some of the amenities at Baha Mar . “Visitors to Baha Mar will expect world-class service. It’s up to us to ensure that we provide an experience that makes visitors choose to return to The Bahamas and to stay at Baha......