The Bahamas Investor

...ch, to distinctive communities in the Out Islands. As an attractive locale for offshore banking and investment, the next biggest economic driver is the financial services industry, which accounts for 15 per cent of GDP. The construction industry drives 10 per cent of GDP. Agriculture and fisheries comprise less than five per cent of the economy. Mineral resources are salt and aragonite. Population Estimated at about 325,000 in 2005, with annual gr......

...accelerated growth predicted for the following year, according to Minister of State for Finance, Zhivargo Laing. The Central Bank of The Bahamas provisional economic analysis of the first 11 months of the government’s 2006/2007 fiscal year also pointed to a significant strengthening in dollar deposits by nearly $5 million to $315.6 million and a near doubling in fixed deposits versus the previous year, to $234.2 million. Investment and constructio......

...accelerated growth predicted for the following year, according to Minister of State for Finance, Zhivargo Laing. The Central Bank of The Bahamas provisional economic analysis of the first 11 months of the government’s 2006/2007 fiscal year also pointed to a significant strengthening in dollar deposits by nearly $5 million to $315.6 million and a near doubling in fixed deposits versus the previous year, to $234.2 million. Investment and constructio......

...udes rolling hills, salt lakes, scrub brush and native trees and the ruins of former settlements. Twenty-seven bird species have been recorded on Rum Cay, including herons and songbirds. The island also has “incredible diving conditions,” says Mittens, including a 2,000-foot coral wall just off the beach and 60-foot walls of coral rising to just below the surface. Scuba enthusiasts can also explore remains of the 101-gun man-of-war HMS Conqueror,......

...f the infrastructure that has been installed in Freeport over the years, a state-of-the-art airport with US pre-clearance and our biggest advantage, of course, is that we’re 65 miles away from Palm Beach so both from a tourism and a second home point of view, Grand Bahama is strategically placed to take advantage of the Baby Boomer generation … Over a 20-year period there’s going to be an incredible and sustained demand for second homes, retiremen......

...n place, and it benefits generations.” The ideal estate-planning structure for offshore home ownership is best determined by home country tax advisors, who may opt to choose from a full array of financial services products available in The Bahamas. “For those who simply just want an asset offshore and don’t have all the issues others might face in terms of tax authorities, divorce, family issues and that type of thing, they may just purchase a pie......

...ly to our EBITDA. Our Ocean Segment produced a contribution to our gross profit of approximately $11.1 million in 2013, and the time charter rates for existing contracts were renewed at increased levels.” Mr. Menéndez concluded, “With most of our earlier investments already producing substantial results and a firm financial structure in place, we are in a very strong position to capitalize on the growth opportunities that lie ahead.” Overview of F......

...a second, vacation or retirement home. One thing is certain: the majority of foreign property buyers are high-net-worth individuals who place an emphasis on quality and above-average levels of service. Mortgage options Due to the currency exchange control regulations in place in The Bahamas, bank loans such as residential mortgages are either granted in Bahamian or US dollars. Mortgages in US dollars can be made available to non-resident foreigne......

...China’s economic might has rolled up to America’s doorstep in the Caribbean region, with a flurry of loans from state banks, investments by companies and gifts from the government to The Bahamas, according to a photojournalism piece on The New York Times website. See the photos here.......

...panel diverged sharply in their respective opinions. Panelist and Minister of State for Finance, Zhivargo Laing, asserted that borrowing for infrastructure spending was warranted and its benefits “have only now kicked in, and are lowering unemployment.” Halkitis disagreed and advocated a balanced budget amendment, noting that “17 per cent of national revenue goes to debt servicing. That’s absolutely not sustainable.” Laing responded that infrastru......

...bany overlook one of the finest marinas in the Caribbean with 71 slips and state-of-the-art floating concrete docks that can accommodate boats from 50 feet in length up to 300 foot mega-yachts. Each slip offers electric, cable and internet connectivity, while marina attendants are available seven days a week to provide docking assistance to vessels. Albany marked the sale of its 40th marina slip this quarter. “Albany Marina is one of the finest de......

...nnects The Bahamas to its Atlanta hub with 21 weekly flights. From Delta’s state-of-the-art international terminal in Atlanta, travellers from Nassau have access to more than 1,000 daily flights to 208 destinations that Delta operates, including non-stop service to 65 international destinations. New York is another key destination that Delta connects to with a daily non-stop flight between Nassau and LaGuardia Airport. Customers can benefit from D......

...an to participate in an international art fair. “These fairs are a new platform for contemporary Bahamian art to be experienced, where more complex narratives of Bahamian culture can be presented globally. Institutions like Baha Mar are elevating the ceiling under which artists work by broadening the opportunities for visibility,” said Cox, who is in charge of driving the creative experience at Baha Mar. “It’s very exciting: Baha Mar CEO Sarkis Iz......

...re all makes for one thing: a slamming party in the backyard. And hundreds of Bahamians in the tri-state area, American travel agents and journalists were treated to just that. In celebration of Caribbean Week in New York, the Ministry of Tourism hosted a party in the backyard that was chock-full of Bahamian delights. In fact, one of the guests commented that the only thing that was missing was the Bahamian sun. The beat of the goat skin drum, the......

...ent. In addition, CG Technology develops casino games with web hosting platforms for casinos. As the first company licensed by the Nevada Gaming Commission to manufacture, distribute and operate a mobile gaming system in the state, it is also a leader in providing mobile gaming technology for casino-style games, and mobile sports wagering technology in the state of Nevada and internationally, via Android™ and Apple® compatible applications, as wel......