The Bahamas Investor

...The PM remains bullish on the state of the economy in 2017 on the back of prospects that Baha Mar will be open by April this year and other large infrastructure investments will start to reap benefits.......

...support of EY, undertook to update the 2010 strategy and develop a Future State Roadmap for Financial Services, to facilitate the strategic positioning of the financial services sector with regard to the systemic challenges affecting growth and long-term sustainability of the industry. The updated 2016 strategy consolidated existing market opportunities into the following five areas: Latin America, Asia, US trust and fiduciary, funds, and innovat......

Pictured: Now former Minister of Financial Services Ryan Pinder introduces the ICON fund at a Bahamas Landfall event in Brazil, August 2014. (BFSB Photo) Years of focused efforts have seen The Bahamas gain a strong foothold in the Latin American market. And while wealth management is the bedrock of The Bahamas’ international financial services offerings, it is the jurisdiction’s funds industry and its innovative product offerings that are at the......

...proved popular with accountants and attorneys and is partly taught by the Minister of Financial Services and international tax lawyer Ryan Pinder. The institute also recently rolled out a course in corporate finance intended to fill knowledge gaps among attorneys, realtors and financial services practitioners in areas such as analysis of financial statements, capital structure and how to value a business, its structures and transactions. Many cou......

...solution. Ladies and Gentlemen, I have had the good fortune of serving as Minister of Tourism of the Bahamas and as the Prime Minister of a country whose GDP relies heavily on the success of tourism. I am intimately familiar with the opportunities available to us as individual countries but I am even more familiar with the kind of synergy that is created when we cooperate. Eighteen months ago when I demitted my term as Chairman of CARICOM, I chal......

...angel groups have held private meetings to review companies and have made investments ranging from $50,000-200,000 in at least six companies. The Caribbean Angel Investor Forum will provide a platform for these angels to come together as a community to share best practices and knowledge; network; and uncover new investment opportunities. Aun Rahman, financial sector specialist, World Bank Group, stated that “we are encouraged with the growth and......

...p, which it owns, and other landmark hotels that it operates in the United States, Europe and other parts of the world. It operates over 60 hotels worldwide and gaming investments and operations in Australia and other developments around the world. Phase one of Baha Mar, now open and operating, comprises the first Grand Hyatt hotel and Convention Centre in the Region – being 1800-room hotels and a 200,000 square feet Convention Centre. The 95,000......

...er cent in travel and tourism – and the industry is rapidly expanding with investments of $6.8 billion in new ocean vessels. I am advised that 48 new ocean liners are currently on order to launch within the next two years. The new cruise port development here in Grand Bahama will encompass multiple projects inclusive of construction of the channel, docks, water taxi and work boat piers, berthing platforms, seawalls and turning basin to accommodate......

...s the facility, says that the results are key indicators of the success of investments in systems such as Automated Passport Control (APC) in US Customs and the development of new customer service training initiatives. “We began the ASQ surveys six years ago to determine how we ranked regionally and to test how LPIA stacked up against other facilities of a similar passenger size,” Walkine explained. “Since then, we have seen natural spikes occur i......

...2014, where she has worked passionately to promote The Islands of The Bahamas. She began her government career in 2005 working as a consultant and later legal advisor for the Ministry of Finance. Jibrilu later served as the director of investments for The Bahamas Investment Authority, where she was responsible for the factiliation of all FDI projects and negotiated and worked on Heads of Agreements for major touristic developments, including the......

From modest second homes and rental investments, to luxury villas and private islands, The Bahamas has been a home away from home for high-net-worth individuals for decades. Add together the prospect of residency in a low-tax jurisdiction, great weather and excellent living standards and you have the full complement of lifestyle and investment benefits. US citizens have been the major clients for Bahamian realtors, with American millionaires floc......

...ce Officers, Grand Bahama, September 23, 2016. (BIS Photo/Vandyke Hepburn) Minister for Grand Bahama Michael Darville has urged attendees of the Bahamas Association of Compliance Officers to work with the government to revitalize Grand Bahama and empower the people. The Minister was addressing BACO’s 11th Annual Northern Bahamas Conference at Pelican Bay earlier this month. He said he looked forward to “BACO’s continued commitment to enhancing the......

...high-net-worth individuals expect elsewhere. The trust acquisition, completed last month, and the earlier acquisition of Family Guardian ’s $80 million capital markets portfolio mix, which includes pensions, investments, mutual funds and Treasury notes, helps pave the way for Leno to offer a full suite of international and domestic investment funds business to locals and add international clients.......

...Asia. These firms are financially advantaged to make significant platform investments. Smaller wealth managers may find it more effective to compete by specializing in fewer areas and relying on a broader ecosystem of third party specialists to fulfill the client’s other wealth management needs. Leveraging digital technology to strengthen the client relationship Many wealth managers are in catch-up mode in harnessing the full business potential o......

...s from the source markets to the region and the realisation of significant investments, including hotels, to enhance the tourism product. Regarding the major Caribbean sub-regions, the US Territories (-7.9 per cent), the Dutch Caribbean (-6.6 per cent) and the Organization of Eastern Caribbean States (OECS) (-3.6 per cent) reported declines, while the grouping dubbed Other Caribbean comprising Cancun, Cozumel, Cuba, the Dominican Republic, Haiti a......