The Bahamas Investor

...or the government in developing a national economic strategy, according to Minister of State for Investments Khaalis Rolle. Speaking today at Accountants’ Week, Minister Rolle said foreign investors injected $1.5 billion into the Bahamian economy last year and the government was committed to increasing this figure. “An economic development plan for The Bahamas will include a strong commitment to maximizing the returns from FDI,” he said. “FDI will......

...heon presentations on both days. To coincide with the mission, the Bahamas Financial Services Board (BFSB) will host a business seminar under the theme “Bahamas Landfall: Destination Canada. Rediscovering The Bahamas.” The seminar presentation will update the Canadian business community on the full range of international business and finance opportunities and services available in The Bahamas. The seminars will precede the luncheons and will be an......

...Minister for Grand Bahama Michael Darville met December 17 with top management from several major companies on Grand Bahama, including Pharmachem, Club Fortuna, Polymers International, Bahama Rock, and Freeport Container Port. Minister Darville used the occasion to gain information on the companies growth and development, employment opportunities, and current challenges.......

...o here, I felt that it was necessary that his vision received the attention it deserves.” The Prime Minister said that the government would also support the facility with marketing and publicity. The Prime Minister’s delegation to Rose Island also included the Minister of Tourism Obie Wilchcombe; Minister of Transport and Aviation Glenys Hanna-Martin; Minister of State for Investments Khaalis Rolle; and government officials from the Ministry of To......

.... In a further communication to Parliament on November 1st 2012, the Prime Minister announced that a Referendum would be held on the 3rd of December 2012. At the time he noted that it would deal only with Web Shop Gaming. This was based on advice from the government’s consultants that a National Lottery was not considered to be commercially viable at this time. On November 14th 2012, the Prime Minister indicated to Parliament that as a result of e......

...eek by a Government delegation comprising of The Hon. Obediah Wilchcombe – Minister of Tourism & Minister Responsible for Gaming, The Hon. Allyson Maynard-Gibson, Q.C. – Attorney General & Minister of Legal Affairs, Sir Baltron Bethel – Senior Policy Advisor, Office of the Prime Minister and senior technical legal gaming and investment officials from the Office of the Attorney General, the Office of the Prime Minister and the Gaming Board. Product......

...Andrew Holness, former Jamaican Prime Minister P J Patterson, Deputy Prime Minister Philip Davis and Minister of Tourism Obie Wilchombe, among other Cabinet ministers and senior government officials. The Sandals brand came to The Bahamas in 1995. Chairman of Sandals Resorts International, Gordon “Butch” Stewart labelled the resort “a work of love for many years.” In his brief welcome he thanked the Bahamian government, the official opposition and......

The Minister of Financial Services Hope Strachan has issued the following statement in response to publications by The International Consortium of Investigative Journalists (ICIJ). “The Bahamas remains committed to the transparency of its corporate registry. The data required by law to be maintained in the corporate registry is available to the public. The Bahamas is committed to the Registrar General’s Department transitioning to an entirely onl......

...or Caribbean banks. In February, current CARICOM chair, Dean Barrow, Prime Minister of Belize, promised that it would “wage a relentless campaign” in response to the risk that international banks may stop doing business with client banks in the region–threatening their financial and economic order–out of concerns over compliance. Meanwhile, Brennen-Haylock says there is an even greater general threat to the region, and The Bahamas in particular: c......

...the sale of the Abaco Club at Winding Bay December 11. Left to right: Minister of Environment and Housing Kenred Dorsett; Minister of Tourism Obie Wilchcombe; Prime Minister Christie; and Minister of Labour and National Insurance Shane Gibson.(BIS Photo/Patrick Hanna)......

...n discourse on foreign direct investment policy formulation and promotion. Minister Rolle and Minister for Grand Bahama Dr Michael Darville are leading a delegation that includes the director of investments at the BIA Candia Ferguson and project officers Melissa Forbes and Leslie Dorsette from the Ministry of Grand Bahama. In addition to the forum, the BIA will conduct presentations on investment opportunities in The Bahamas generally and in parti......

...eplicated from our source regarding RMBS. According to the government, the financial services sector stands to benefit substantially from the introduction of this new financial product and service, making The Bahamas only one of three countries in the world where RMB transactions can take place. The Prime Minister and his ministerial delegation are in China this week to attend the China/CELAC Forum in addition to pursuing a number of projects and......

...msay) Pictured: Prime Minister Christie delivers remarks during a ceremony marking the launch of the new Bahamas Junkanoo Carnival, which is slated for May 2015. Also pictured, Minister of Youth, Sports and Culture Dr Daniel Johnson (left) and Minister of Tourism Obie Wilchcombe. (BIS Photo/Peter Ramsay)......

...during a special ceremony to commemorate the life and legacy of the late Paul L Adderley. Adderley, who died on September 19, 2012, was the first and longest serving attorney general of an independent Bahamas, having served 1973-89. He was also a former Cabinet Minister and Parliamentarian. Minister of Labour and National Insurance and Minister of the Public Service Shane Gibson along with attorney general and Minister of Legal Affairs Allyson May......

...eft to right: Miami Dolphins legend Nat Moore; Minister Youth Sports & Culture Dr Danny Johnson; Wilchcombe; Dan Marino; Christie; and Tom Garfinkel, Dolphins chief executive officer. (BIS Photo/Patrick Hanna) Tourism Minister Obie Wilchcombe (centre) and Sports Minister Dr Danny Johnson (right) along with Miami Dolphins legend Dan Marino (left) are pictured with participants of the football clinic. (BIS Photo/Patrick Hanna)......