The Bahamas Investor

...) 966-4759. The services referred to herein are not available to residents of any state where prohibited by applicable state law. Concierge Auctions LLC, its agents and affiliates, broker partners, Auctioneer, and the Sellers do not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, pro......

Pictured: Hon Michael Halkitis, Minister of State for Finance speaking at the National Conclave of Chambers of Commerce in The Bahamas. (Photo Harry Cutting/©Dupuch) Minister of State for Finance Michael Halkitis has warned of the effects of not implementing fiscal reform, saying failure to adopt a new system of taxation would reduce investment and harm investor confidence. According to the Minister, government debt would rise to 62 per cent of G......

...The island’s living accommodations are designed with the highest standards of comfort and relaxation in mind. The 3,000-square-foot main house, featuring six bedrooms and six and a half bathrooms, is elevated atop one of the highest points on the island and delivers full panoramic views. A separate hillside bungalow with gym and meditation deck overlooking the bay is a favorite vantage point for guests wishing to take in the island’s nightly pink......

...ngthening the clout of our region, even as we reserve the sovereign rights of states. I congratulate the authors of the plan. As it relates to the economy, what is refreshing for us is that the plan in fact concretizes and supports, reaffirms much of what The Bahamas is already doing. It confirms to me that we are on the right track. We have to reform our public administration for example to ensure that the business community is able to get timely......

...ary of independence. Here follows the press release from the US Department of State: On behalf of President Obama and the people of the United States, I congratulate the people of the Commonwealth of The Bahamas on your 41st anniversary of independence. We value The Bahamas as our longtime partner and friend. Our robust security cooperation continues to improve security for citizens of both our countries, and our bilateral relationship stands stro......

...Today, the 72-bed Doctors Hospital with over 400 personnel is the highest state of the art acute care privately owned hospital facility in the Bahamas. The Emergency Room at Doctors Hospital is open 24/7 in order to provide patients with the best emergency services. Doctors and nurses on the Emergency Medical Services (EMS) staff must possess Advanced Cardiac Life Support certification. The contract of Doctors Hospital with Vesta Radiology is tes......

...Andrew Young who served two terms as Atlanta’s Mayor; David Dinkins, the first African-American elected as New York City’s Mayor; US Congresswoman Yvette Clarke, a Brooklyn Democrat; and New York State Assemblyman Nick Perry. Other speakers include Charles Ogletree, Harvard University professor of law and New York State Appeals Court Justice Sylvia Hinds Radix, along with Paula Madison, principal owner of The Africa Channel and a former Executive......

...ster of Financial Services with effect January 12, 2015. In the meantime, Strachan will be the acting Minister of Transport & Aviation during the absence of Glenys Hanna-Martin, who is travelling on state business. Arnold Forbes, Member of Parliament for Mount Moriah, is appointed Minister of State in the Ministry of Works & Urban Development, also with effect January 12, 2015. In addition to the foregoing ministerial appointments, Dion Smith, dep......

...offering will come under the Grand Hyatt brand and includes 200,000 sq ft of state-of-the-art conference facilities. It encompasses 34 divisible rooms, including three ballrooms and 16 breakout rooms, offering around 82,000 sq ft of functional indoor meeting space. “At Baha Mar each hotel has a different feel from a service point of view, from a price point of view and from a design point of view,” says Baha Mar founder and chief executive office......

...react. As reported by The Bahamas Investor at the time, the then Minister of State in the Ministry of Finance Zhivargo Laing quickly engaged with a range of countries in order to put in place the requisite number of international Tax Information Exchange Agreements (TIEAs) to keep the jurisdiction compliant. “It became very clear that if a jurisdiction does not act quickly and put all the required agreements in place, it is going to get left behi......

...and payment created the right conditions for a smooth VAT launch. As part of the reform, the authorities eliminated the hotel room tax, reduced import tariffs and adjusted other domestic tax rates. VAT revenue over the first 12 months (at $536 million, or about 6 percent of GDP) has exceeded expectations, contributing to a decline in the FY2014/15 central government deficit to 4.4 percent of GDP (from 5.7 percent in FY2013/14). The central govern......

...d up to give shoppers instant refunds. Michael Halkitis, Bahamian Minister of State for Finance, says: “Following the introduction of VAT, we needed to ensure that the Bahamas continued to be seen as a competitive shopping destination. The new system has made tax free shopping easy and simple for retailers and the customs department – and therefore more available and accessible for tourists.” The system introduces a standardised electronic platfor......

...ecial. After all, owners and superyacht guests are used to a certain level of comfort and convenience. So it is par for the course that their luxury craft feature amenities that suit their privileged lifestyles: fine wine cellars, hot tubs, gyms, aromatherapy steam rooms, cinemas and a whole array of leisure accessories for the keen water sportsman, such as wave runners, seabobs and jet skis. Market evolution Moonraker is the latest addition to on......

...ons. In most small economies there is simply not the financial capacity or state-of-the- art “know-how” to finance and execute a major infrastructure project. This introduces the need to bring in financial capacity and expertise, which often becomes a political football in many jurisdictions. Indeed, the transfer of infrastructure assets to the private sector inevitably requires the ceding of some level of control. Depending on the structure, the......

...taken “to assist the organization in gaining a better understanding of the state of the tourism economy, its outlook, and the degree to which a number of factors impact or may affect the tourism industry.” The survey, conducted during the first two weeks of this year, polled a representative sampling of hotels throughout the Caribbean of varying sizes and categories. It looked at their 2016 performance and 2017 expectations for factors in areas su......