The Bahamas Investor

...during the storm. An assessment team has been sent to make an evaluation. The island is currently scheduled to reopen Oct. 22. Of the public ports, Nassau was ready for cruises quickly after the storm, but Freeport may have received more damage than other parts of The Bahamas. The Grand Bahamas Port Authority has an official notice of closure “until further notice,” posted on its website.......

...omplete when construction stopped last year. “The EXIM Bank is meeting its commitment in funding remaining construction costs to complete the project, and a contract has been executed for CCA to complete the project.” Christie last month announced an agreement between the government and EXIM Bank under which Baha Mar will be completed and sold to an unnamed operator. The pact was approved by the Bahamas Supreme Court, which then sealed the documen......

...advised of their status by notice to their individual e-mail addresses or communication from supervisors. Information was also posted on the joint provisional liquidators’ website. “We were paying housekeeping staff when there was no housekeeping to do, spa staff when there was no spa, casino staff when there was no casino to operate,” said Alastair Beveridge, AlixPartners. “Thanks to monies that were made available to us by the Government from f......

...rld, based on consumer ratings submitted with reviews on the Cruise Critic website. The awards name award-winning destinations across 15 regions, worldwide. According to a recent survey by Cruise Critic, selecting a cruise destination is the most important part of the planning process for both first-time cruisers (28%) and experienced cruisers (29%). “Cruising offers the unique opportunity to sample a number of destinations at once,” explains Coll......

...posit interest rates downward. For 2015 interest expense was $29.4 million compared to $31.7 million a year earlier. “Commonwealth Bank continued to record low levels of impairment in its portfolio when compared to the industry averages,” Jennings said. While loan impairment expenses and charge offs increased by $3.8 million and $1.7 million, respectively, recoveries increased by $2.9 million compared to 2014. Balance sheet allowances for loan imp......

...nies and a market capitalization of $820 million. Today, we have 20 listed companies with a market capitalization of $3.8 billion in addition to corporate and government bonds, preference shares and an expanding mutual fund listing facility. We started with two broker-dealers and today we have five.” Davies’ comments came during an address to the Rotary Club of East Nassau February 12. BISX receives no public funding, and relies on its market oper......

...Today The Bahamas celebrates 44 years of independence and self-governance with a national holiday. The team at The Bahamas Investor would like to take the opportunity to congratulate the Bahamian people. The Bahamas Investor website has been taking a short break over the period, with posts returning to normal July 11. Have a great break!......

...st said the National Accounts 2015 Report with detailed tables will be available at the end of this month on the Bahamas government website at bahamas.gov.bs/statistics.......

...g’ s customer service specialists today at 317-800-5820 for pricing information or to purchase one of the Bullseye Bonefishing Travel Packages, or visit the Bullseye Bonefishing website. Guide Shaw Underwood can be reached at 242-359-7067. The Cove Resort, Eleuthera Bahamas. (Photo via TheCoveEleuthera.com)......

...gislative and business developments in The Bahamas. There is no cost to attend either event. You may register for either event through our Landfall website. Dates: Wednesday April 5th, 2017 and Thursday April 6th, 2017......

...ng the name of the firm, adjusting how listings show and introducing a new website. “I first heard Sherry speak at a real estate convention in Las Vegas in 2014,” said Mario Carey, founder and president of MCR. “I was very impressed. We started talking and we have been talking ever since. Today, that talk culminates in a partnership and one that I believe will make a significant difference in how real estate is handled in The Bahamas for a long ti......

...platforms, and increasing the current B2B business. Competitive advantages are already in place that will allow the business to continue to grow and flourish. Included in the purchase is inventory; equipment, social network profiles and domains; Website, including e-Commerce, Amazon, FB, Twitter, Instagram platforms. The current business is predominantly wholesale to the trade only. Sales and Marketing Representatives are already in place, as are......

...capital at the new bid rate of 2.5 per cent. In a statement posted on its website, Central Bank said: “Although Central Bank has implemented the period for repatriation of profits under the 10 per cent bid rate, it is not implying that investors should prematurely liquidate their investments in order to repatriate capital within the given time period.” “It is Central Bank’s view that vis-a-vis having all capital immediately subject to the new ICM......

...d more restaurants and opening the Rosewood hotel in Spring 2018. “It is a long-term vision,” he said. “There is much more to come.” cmorris@dupuch.com......

...l of the Bahamian Diaspora, that will utilize social media and a dedicated website to help to produce a database and platform for communication of Bahamians overseas. The Prime Minister said such a council could also promote investment and job opportunities for Bahamians wishing to return to and/or work in The Bahamas. “The council may also promote ways that Bahamians overseas can network and help with educational and community-minded projects tha......