The Bahamas Investor

...series of dedicated on-island photo and video shoots throughout 2017. “We commend GoConvergence for their artistic direction, loyal partnership and tireless dedication throughout the opening of Baha Mar,” said Karin Salinas, Vice President of Marketing, Baha Mar. “The GoConvergence production teams captured the spirit of Baha Mar and the Bahamas, translating that essence into inspiring and captivating visuals that will entice past and future gues......

...ich was part of MOTA’s ongoing campaign “The Bahamas is Open For Business, Come See For Yourself,” gave the agents an opportunity to experience first hand the island’s major hotels, marinas and tourist attractions. “Feedback from the agents has been very positive and encouraging. The agents left the destination confident, knowledgeable and ready to sell our second city,” said Donna Mackey, senior sales manager, MOTA. According to Jennifer Gardiner......

...ers. Presently, around 50 per cent – a figure that has doubled since June. For the upcoming holiday season that number is expected to jump to around 80 per cent, according to Davis. The destination has a 3,000-strong workforce that’s expected to grow to 4,000 by the end of the year and hit 5,000 sometime in 2018, according to executives. Meanwhile, 20 of its 40 plus restaurants, bars and lounges have opened. The resorts digital reach has so far be......

...2018,” said Graeme Davis, president of Baha Mar. “We extend the warmest welcome to our newest employees, and look forward to introducing guests to the stunning SLS Baha Mar.” Earlier this month, Baha Mar launched Life Spectacular, the inaugural multi-million-dollar global advertising and marketing campaign, officially introducing the resort destination to future guests. Currently at 3,000 employees, Baha Mar will increase the number of associates......

...th. Stating that it is a new era of development in The Bahamas, the Prime Minister said the government is considering an overseas council of the Bahamian diaspora, which would utilize social media and a dedicated website. The council, he said, would promote ways that Bahamians overseas can network and help with educational and community-minded projects that will benefit The Bahamas, especially young Bahamians.......

...ties and, with this new move, hopes to spur further development in the downtown area. A full list of the participating firms is available on the bank’s website . The redesign plans will now be presented to government for approval.......

...site, 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 bid rate of US$1.000 = B$1.0025, the accommodation made to investors is signi......

...ion in leveraging technology to grow the financial services sector. This upcoming seminar is the latest in a series of discussions and round tables intended to enhance industry understanding and collaboration in the rapidly evolving fintech space. The BFSB has also created a fintech working group to look at all aspects of disruptive technology and find opportunities for Bahamian providers. The group has identified several gaps in the market includ......

...esses and residents. Beginning this month, the Bank will interact with the Exuma community – where we will further explain how a digital currency would work, and we will prepare both businesses and consumers for the eventual enrolment process. As the project evolves, please visit our website and social media pages for updates on this ground breaking advancement for the Bahamian people. Pictured: (from left) Jay Joe, Chief Executive Officer – NZIA......

...been slight decrease in the unemployment numbers for Grand Bahama. “The latest Labour Force Survey which provides an indication of employment numbers between May 2018 and November 2018.” “Grand Bahama showed a significant decrease in the unemployment rate, from 12.4 per cent to 11.9 per cent. It is the first time since 2008, the year which we commonly refer to as the modern day Great Recession, that the employment rate decreased below 12 per cent......

...borrowing. Centralized market trading of government bonds is an important component for the growth of the entire Bahamian capital market. It’s been a longtime in the making and I am proud that this government’s leadership hashelped to finally bring this project to fruition.” The transfer of the secondary market to the Exchange-is a major objective of the Financial Markets Modernization Project, a collaborative effort between the Ministry of Finan......

...IT specialists, lawyers and accountants who all fall under the Department for Transformation and Digitization in the Office of The Prime Minister. Speaking at the official launch of the project, November 13, IDB country representative in The Bahamas Daniela Carrera-Marquis said the digital switch-over will save the country a lot of “red tape costs.” She added that in addition to benefitting citizens and businesses, the government will also find i......

...ffice of the Prime Minister The Bahamas. The full text of the report will be available on the Office of the Prime Minister’s website, opmbahamas.com.......

...in their prudential oversight of the financial services. He added: “In the coming weeks before the on-site visit greater efforts are required to consolidate and document the important achievements made, and to sustain our progress. “Of particular importance will be the investigation and identification of the proceeds of tax offences with a view towards the enabling of prosecutorial intervention in the event of any potentially false reporting under......

...assau in October. Market rebound Savvy hoteliers know that this is no time for complacency, however. The global economic collapse in 2008 hit the conference and events tourism sector hard. The market segment is now rebounding and hotel operators are rebooting efforts to attract business. When Atlantis announced its 10-year franchise deal with Marriott International in October 2014, the resort said it would result in a 10-15 per cent increase in an......