The Bahamas Investor

...rned legal profession” of The Bahamas. “You have helped to pilot this Ship of State through many such storms. This is only the latest. This is The Bahamas. We know how to pilot the ship. Let us remember that it is not survival of the fittest, it is survival of the smartest and I always say about this Blessed country, that we may not have natural resources – iron or steel, etcetera; we may not have rare earth minerals, we may not have large quantit......

...Munnings. Smith commented that the bank is able to undertake a wide range of activities within its “sectorial approach” to support entrepreneurs, including term loans for small and medium-sized enterprises’ equity financing and executing agency services. In exploring new innovative ways to assist entrepreneurs, Smith noted that crowdfunding and SMART Funds might have the potential to augment traditional approaches to entrepreneurial funding needs......

...sues for management consultants, including changes to regional financial regulations, the vision for economic development in the Caribbean and branding to create organizational value. Bahamian speakers included John Rolle , governor of The Central Bank of The Bahamas and Royann Dean, strategic marketing communications consultant at Royann Dean Consulting. The next CICMC conference is scheduled for May 2019 in Barbados.......

...attendance at this year’s conference. The CGSR was established to create a forum for regional securities regulators to discuss issues facing Caribbean region securities and financial markets. As such, the topics for the conferences are usually focused on issues relative to regional capital market development. The 2015 conference was themed “Capital market development and the role of financial inclusion”, and was hosted by the current chair, the Fi......

...environment and the public spaces”. The judging panel included University of The Bahamas professor Dr Nicolette Bethel and artist Antonius Roberts. The winning concept includes open green space and public walkways, in keeping with the Central Bank’s mission to upgrade and modernise its offices. Governor of the Central Bank John Rolle said the bank has outgrown its current facilities and, with this new move, hopes to spur further development in th......

...ill also be working with several industry stakeholders throughout the year to ensure that the campaign is well-rounded, relevant, and can reach as many people as possible. We encourage the public to visit the campaign website www.getmoneysmartbahamas.com, for information that will be updated at regular intervals throughout the year. We also encourage the public to follow Get Money Smart Bahamas on Facebook and Twitter and to join the conversation......

...John Rolle. “What we have heard so far is evidence that the greatest need for information is on the part of the consumer as businesses have made it a point of learning as much as they can to date. It’s clear that the upcoming schedule for VAT items and exemptions will be very helpful.” Government intends to publish the first schedule for consideration on January 17. A series of town meetings is planned with the first set tentatively for Exuma nex......

Deputy Prime Minister and Minister of Finance Peter Turnquest said The Bahamas government is legislating to ensure that the country continues to meet international expectations for anti-money laundering and countering the financing of terrorism. “We also support our financial regulators, as they supervise their licensed entities in a fashion calculated to minimise financial crime,” DPM Turnquest said at a press conference at the Ministry of Finan......

...the 2018 Commonwealth Heads of Government Meeting (CHOGM ) in London. The forum provides the opportunity to focus on the Commonwealth’s progress toward gender equality and is being held under the theme: An empowered future for women and girls. The forum will reflect on some of the global challenges still faced by women, as part of a wider commitment to “leave no one behind” in the Commonwealth journey to achieving gender equality by 2030.......

...to offer a full investment advisory portfolio as one of the bank’s network of 23 offices in 17 countries around the world. Even in these times of economic contraction and increased compliance regulation, the bank remains bullish, planning further expansion at the Nassau office over the next five years. “Lombard Odier has more than two hundred years of experience and we have been through many types of crises, from the French Revolution to the world......

...mas) said: “Michael has split his time between the UK and the Commonwealth of the Bahamas for over the past forty years. “With strong connections on the Islands, significant relationships throughout the international world of shipping and expertise in oil and water separation, Michael will oversee the funding and development of the Morgan Oil Marine Hydrocarbon Recovery Plant in Freeport, Grand Bahamas. “Michael will also act as liaison between th......

...alysts and economists discussed the current geo-political climate in terms of investment and wealth management. “The outlook for 2011 really depends on what time horizons you are looking at,” said Frank Suess of BFI Capital Group during the roundtable discussion. ” A scenario that covers the next 3-6 months will continue to see recovery, and you may have some short-term momentum in your investments, but if you are looking at the next 18 to 24 mont......

...ng effects of the worldwide financial crisis, according to chief executive officer of The Bahamas branch of Credit Agricole Suisse , Antoine Candiotti. Candiotti , who has served as CEO of Credit Agricole Suisse (Bahamas) Ltd since 2010, says investors are now more risk averse, leading to greater investment in assets such as real estate. “At all times there is a risk-return question, but nowadays the risk aspect has become much more important.” Pe......

...rniture, vacations, educational loans and automobiles changed the standard of living for lower and middle income Bahamian families. Commonwealth Bank became known as the ‘financial partner’ for the working class and the bank soon developed a loyal customer base. “These people who were not considered at the high-end of society, who couldn’t afford to go to other banks came to us. Now the benefit from that is they have stuck with us. Commonwealth Ba......

...urance paid off. After leaving banking, Hermanns became executive director of investments at Imperial Life Assurance and later president of Global Life Assurance Bahamas Ltd. In 2003, she moved to head Family Guardian, one of the oldest Bahamian-owned insurance companies. Under Hermanns’ direction, FamGuard is now expanding to include pensions and investment fund management, offering a wide range of products to its clients. “One of the challenges,......