The Bahamas Investor

...it easier to do business in The Bahamas.” Director of the Department of Information Technology June Collie also addressed the forum, which took place at the Sheraton Nassau. She said that The Bahamas’ United Nations E-Government Survey ranking was 65 in 2012. Her department aims to improve on this by bringing a variety of services online in the next few years to add to the five already in place—renewal of driver’s licences, payment of real proper......

...aracter of the Bahamian economy, and its important reliance on tourism and financial services. To maintain and increase the performance of these critical industries, The Bahamas will be required to match the offerings of both the developed economies (to whom we “export” these services) and that of our competitors in the sector. While not always well appreciated in The Bahamas, the country’s main opportunity to continue to develop its economy effec......

...d explain more about the company’s Nassau operations and its full range of services. “It was important for a variety of reasons. Not only to get close to our clients, but to let them know the extent of our business. We were not a known presence [in Uruguay] until about four years ago. They knew us as a local trust company. For those people in particular, it was important to let them know what else we did.” Following its success in markets this sid......

...f everything and we are moving from a paper-based exercise to a real one,” Houston says. “We are starting to deliver on our earlier promises.” The global telecommunications company completed the acquisition of the national company for $210 million during an official signing in Nassau. Pictured are Gerard Borely – CFO for LIME, Eugenia Cartwright – Treasurer of The Commonwealth of The Bahamas, and The Rt. Hon. Hubert A. Ingraham – Prime Minister. c......

...ehind. As the third pillar of the country’s economy, following tourism and financial services, more emphasis and resources should be used to further develop the maritime industry in The Bahamas. The opportunities associated with a successful maritime industry are infinite. From ship sale and purchase, ship mortgages, insurance, finance, fishing, ship repair (ie welders, electricians, crane operators, etc), transshipment and so on, the maritime ind......

...ed in addition to and not as a substitute for, or superior to, measures of financial performance prepared in accordance with generally accepted accounting principles (“GAAP”). See below for a reconciliation of GAAP results to the non-GAAP measures. Reconciliation of Non-GAAP Measures Second Quarter Ended Six Months Ended June 30, June 30, 2014 2013 2014 2013 Ideal Image revenues $39,074,000 $33,066,000 $77,888,000 $64,758,000 Accrual to cash adjus......

...,” says Comins. Emerging trends M&A activity has been dominating financial services for a number of years and this appetite for consolidation does not seem to be diminishing. Last year alone, $3.6 trillion-worth of dealmaking was done worldwide and experts predict the trend will continue, driven by increasing regulatory costs, market pressures and a need to re-think the traditional private banking business model. Comins says the move towards great......

...at is a way of gaining market share and financing research and development for the platform.” When it comes to nurturing client relationships Lombard Odier stands out, says Lopez, adding that it does not carry any conflict of interest within itself. It also boasts a very low rate of staff-turnover, which helps to develop trust. Clients often stay with the firm for well over a generation as Lombard Odier’s interests are aligned with that of its lar......

...professional services are unequivocally zero-rated. Guidance notes updates for the financial sector will reinforce the zero-rated treatment of products and professional services supplied in the international sector. VAT will not be charged on the end range of these products and services provided, to non-resident clientele. The VAT Department acknowledges that non-residents are considered to be persons and corporate vehicles that are located wholly......

...oing paperless Beyond the building and construction sector, firms offering financial services, insurance and medical services are incorporating green technology such as data imaging and shredding to reduce their impact on the environment. Companies are recycling paper waste, such as when confidential files need to be discarded. Converting paper files to digital storage is also a growing way companies on island are using cloud technology to reduce......

...multiple channels without disrupting the merchant’s banking relationships. For additional information please call 877.630.7960. About Bank of The Bahamas BOB is a modern, full service bank with 13 branches in seven islands (Nassau, Grand Bahama, Andros, Cat Island Exuma, San Salvador and Inagua) and a long history of firsts in the local Banking Industry. The Bank caters to retail clients from all walks of life providing personal loans and mortgage......

...sorts, located in Miami, Florida. The specific agreement provides ALHI GSO services for the 9 “Luxury M&I Collection” for Sandals. Resorts Located In The Bahamas, Jamaica, Turks & Caicos, Grenada, Antigua, & Saint Lucia Comprising the Sandals Luxury Meetings & Incentives Collection, and joining the ALHI (www.alhi.com) GSO system and portfolio, are: St. John’s, Antigua — Sandals Grande Antigua Resort & Spa Great Exuma, Bahamas — Sandals Emerald Bay......

...Tyler Verify software to conduct street-level imaging and data collection services for properties on the island of New Providence. Tyler Verify will be used to digitize sketch and property record card data and capture street-level photographs of all residential and commercial/industrial properties. The project includes imaging and verification of each structure using a field-based stop, verify and compose approach to data collection. Staff will a......

...s announced that it will operate under the brand Aliv when it launches its services on 23 November. “Bahamians are ready for another choice on the market and expect a superior offering from day one and rightly so,” said NewCo vice president of sales and market Johnny Ingle at the launch, according to the Nassau Guardian. The operator is set to offer a range of packages, including unlimited data and voice plans, with some offers also coming with fr......

The Minister of Financial Services Hope Strachan met with consultants from BKP Development Research and Consulting, an economic research and consulting firm based in Germany, and the World Trade Institute, an academic institution of the University of Bern, Switzerland, December 8, 2016 to discuss the development of a vulnerability study to assess the potential impact of trade agreements on the Bahamian economy. In October 2008, The Bahamas govern......