The Bahamas Investor

...rmediaries and other service providers with updates on legislative 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......

...to acquire a fast-growing wholesale turnkey performance lifestyle apparel company. The apparel company is focused on the “HOT” Athleisure category and has existing operations and distribution channels throughout the United States and Caribbean. The apparel company has a multi-year operating history and currently generates revenue in excess of $1 million per year. The acquisition has been structured to avoid any dilution to BDCI. One of BDCI’s Off......

...us risks which emerge within the sector. The Bank will also identify areas for reform that allow for collective cost sharing in the systems and platforms that financial institutions use to profile and monitor customer risk. An example of the kinds of solutions that have emerged is the possibility of shared information infrastructure for electronic customer due diligence. The solutions that are relevant for smaller standalone banks may have to span......

...locations throughout The Islands of The Bahamas. As the16 Canadian couples prepare for the wedding of a lifetime The Bahamas is readying itself to welcome more than 160 guests, accompanying the ecstatic couples, on Nassau/Paradise Island and throughout the Family Islands. Paul Strachan, Sr. Director of the Bahamas Tourism Office (BTO) in Canada is assured that this promotion will continue to increase visitor arrivals from Canada. “In 2015, we were......

...d the island and clean-up efforts are underway. The next scheduled call is by Carnival Valor on Oct. 15, followed by Zuiderdam on Oct. 20. Likewise, Princess Cays, the private island of Princess Cruises, sustained very little damage during Hurricane Matthew, said spokewoman Brea Burkholz. Disney Cruise Line’s exclusive port at Castaway Cay is also open and expects a call from Disney Dream on Oct. 13. Norwegian Cruise Line’s private island at Great......

...ghts, two days’ private boat charter package four nights, Three days’ private boat charter package five nights, four days’ private boat charter package Call one of Bullseye Bonefishing’ 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 B......

...rt. With so many available options, this list of destinations personally recommended by cruisers themselves provides invaluable insight into the cruise destinations across the world to help cruisers choose the best options.” St. Petersburg, Russia was named the top cruise destination in the world, with cruisers particularly enamored with the city’s art, history and architecture. River cruise port cities were the top-rated category as a whole, with......

...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!......

...tive growth of 2.74 per cent, however the GDP in constant prices decreased by 1.66 per cent. Clarice Turnquest, acting director of the Statistics Department, said the decline at constant prices was due mainly to decreases in the construction, hotel, mining, manufacturing industries and financial services. She added that, in contrast, the wholesale & retail trade, banking, real estate, business services and public administration & defense industrie......

...make a significant difference in how real estate is handled in The Bahamas for a long time to come, exposing unique properties and islands and lifestyle to a database of millions of people across the world who trust the Better Homes and Gardens brand and all that it stands for.” Among those present for announcement were Minister of Investments in the Office of the Prime Minister Khaalis Rolle, president of The Pointe Daniel Liu and RBC senior vice......

...eased by $3.8 million and $1.7 million, respectively, recoveries increased by $2.9 million compared to 2014. Balance sheet allowances for loan impairment increased by $6.2 million over 2014 to $61.8 million. On December 31, 2015, Commonwealth Bank’s impaired loans represented 6 per cent of its total outstanding loans. The industry’s impaired loans, as reported by The Central Bank of The Bahamas , were 15 per cent of aggregate loans of all banks. T......

...is alive, vibrant and growing,” said Davies. “We started with nine listed companies 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 Na......

...eas who the country may tap into as potential investors and consultants.” “For example, if there is not a domestic Bahamian consultant available in a given area, the priority will be to locate a Bahamian overseas, instead of first using a non-Bahamian consultant.” Prime Minister Minnis said his Administration is also giving consideration to the establishment of an overseas council of the Bahamian Diaspora, that will utilize social media and a dedi......

...htaking beauty of The Bahamas is a combination that will create the demand for guests to come back. We have all the confidence we will be successful.” The resort currently employs around 1,600 workers, with plans to increase to 6,000 in the next few years. Davis paid tribute to these employees, noting their dedication in the build-up to today’s official opening. “Seeing the Baha Mar family come together this week has been humbling and inspiring,”......

...uires improving the ease of doing business, the administration appointed a committee to make recommendations to improve the ease of doing business in The Bahamas, soon after coming to office on May 10, 2017. The Committee has since completed its assigned task and has made a number of recommendations to the government, using ten categories established by the World Bank . “These categories and the rankings for The Bahamas can be reviewed at the Worl......