The Bahamas Investor

...d tools were allowing traders to chart and analyse the markets from the comfort of their own homes, or on the nearest tropical beach. The dotcom bubble No matter how beautiful and sunny your surroundings are however, your mood will rapidly darken if you are losing money. It is important to keep your head, particularly when all around you are losing theirs. Many new traders fell afoul of inexperience during one of the largest bubbles to affect the......

...happy.” Displaying resilience Clark C Smith, president and chief operating officer of Buckeye Partners, LP, which owns the Bahamas Oil Refining Company International Ltd (BORCO) in Grand Bahama, espouses a similar philosophy when it comes to running a big business during economically perilous times. “At Buckeye, we always work to modernize our company. We come in every day looking for ways to improve our operations and make our company and our emp......

...wo individuals every second. These prevalent trends are likely to continue for the foreseeable future, with demand for health-care products being bolstered by developing economies, as populations become more wealthy, access to medical products and services improves and people start to live longer. Diverse drivers With such underlying fundamentals, the sector seems to offer sound investment opportunities, but individual industries have their own pe......

...book-end the Caribbean, share many positive attributes. Both are welcoming of foreign investment (unlike other territories such as Bermuda, which makes buying property difficult for foreign buyers) and offer an increasingly high standard of living. They share time zones with New York City and Toronto and both have currencies pegged to the dollar, making them ideal business hubs. You can also fly direct to both locations from London. Even better, t......

...s on to expound on current tenants and to describe the premium environment of OFBTC, “…the shopping centre offers a variety of products and services in a relaxing and beautifully landscaped environment.” This level of recognition, atmosphere and locale has already been well received by many local retailers, leaving only two restaurant and two retail units available for lease on the ground level. Business professionals will undoubtedly be intereste......

...cerned with the risks associated with Colina’s high concentration in real estate investments relative to the total equity of the company and the continued delinquencies in its mortgage loan portfolio, which are attributable to the continued weakness in the Bahamian economy. While the company’s earnings performance has improved, a prolonged deterioration in the local economic environment can create a negative effect on its core life/health insuranc......

...fic regulation • product specific taxation • infrastructure • availability of professional services • pro-business approach • cost of doing business • lifestyle • image. What is clear in the report, and other similar studies, is that international financial centres (IFCs) must provide a sufficiently attractive and user-friendly platform to ensure that institutions that dominate in an increasingly onshore world, choose to tap into their benefits. I......

...sing of the Investment Funds Act, and this growth is expected to continue. For more information on SMART Funds please refer to the Investor’s Resources Guide at the back of the magazine or on the website at www.thebahamasinvestor.com, which provides a brief summary of the different models available in The Bahamas. Bio: David Thain David Thain is the general manager of Arner Bank & Trust (Bahamas) Ltd. Thain holds a Master’s degree from the Univers......

...dopting a two-pronged strategy. “We want to expand our activities in terms of what we offer guests,” explains Castle. “We also want to be more focused on the sales of the units now that we have a resort that is functioning. We are working to help our current owners who want to offer their units for resale.” For Castle, Grand Isle is the perfect mix of business and pleasure–he vacations in Exuma during the spring and is back and forth attending to......

...s that will have to involve Bahamian individuals or the government in some form of joint venture. That said, for the right price, the right person can own a piece of private Bahamian paradise. Whoever forks out the $23.5 million asking price for 700-acre Little Ragged Island could put the only footprints each morning on 30,000 feet of white-sand beach. Leaf Cay in the Exuma chain comes outfitted with 18 buildings, a 1,500-foot airstrip, undergroun......

...e the Bahamas presence and, in the case of ICON, create a product that was specific to Brazil. Our success there speaks to the wisdom of that decision and the efforts and investments we have put behind it. We think Mexico holds the same promise of success.”......

...founded in 1989 by the G8). In addition, The Bahamas was on the OECD list of 35 offshore jurisdictions offering what had been deemed unfair tax competition. Government’s response was to fast-track eleven new pieces of financial services legislation without much consultation with industry practitioners. At the time, Moree said the government delivered “a massive response to the financial crisis.” Only time will tell if all the moves were the right......

...can offer a proven strategy on a tried and tested platform to a wider base of offshore and onshore investors through a product that has a potential to significantly enhance and diversify their portfolios.” Notes for Editors ABOUT STERLING FINANCIAL GROUP INC. Sterling Financial Group is a Nassau, Bahamas based, financial services business founded in 2006.  The company is privately owned and is regulated by the Securities Exchange Commission under......

...The government has signed a $90-million agreement with Sand and Ocean Investments Co to construct a five-star, 125-room boutique hotel and condo development on San Salvador.......

...ted FFO of $1.19 billion or $1.85 per share, compared with $223 million or $0.30 last year. Net income attributable was $1.49 billion or $1.23 per share, compared with $875 million or $0.48 per share last year. The company said that disposition gains included in FFO totaled $851 million for the quarter, compared with losses of $77 million last year. Also in the FFO were included a $525 million gain on the settlement of a long dated interest rate c......