The Bahamas Investor

...te’s growing investments in The Bahamas. He will also hold meetings with other investors including multiple international partners in a proposed major development for Grand Bahama. Accompanying the Prime Minister are Obie Wilchcombe, Minister of Tourism, Sir Baltron Bethel, senior policy advisor and Joy Jibrilu, director of investments. The Prime Minister returns to Nassau on May 9.......

...raided Bahamas-style. After tourism, the most important economic sector is financial services, accounting for around 15 percent of GDP. The country’s GDP per capita is one of the highest in the Western Hemisphere. The Manila Bulletin, led by its Chairman of the Board of Directors Dr. Emilio T. Yap, President and Publisher Atty. Hermogenes P. Pobre, Executive Vice President Dr. Emilio C. Yap III, Editor-in-Chief Dr. Cris J. Icban Jr., Business Edit......

...inks to the outside world in support of the anticipated growth in tourism, financial services, international business, commerce, trade and other enterprises.” As Minister of Finance, the Prime Minister said he was pleased that the financing model used for this redevelopment project is fairly unique in the region and is being studied and replicated in other places. The total project budget is approximately $409.5 million. The airport is managed by......

...as Minister of State in the Ministry of Transport and Aviation during an Appointment Ceremony of Cabinet Ministers at Government House May 11, 2012. (BIS photo Letisha Henderson) Khaalis Rolle sworn in as Minister of State for Investments in the Office of the Prime Minister during an Appointment Ceremony of Cabinet Ministers at Government House May 11, 2012. (BIS photo Letisha Henderson)......

...t in the creation of as many as 4,000 jobs, Minister of Financial Services Ryan Pinder revealed on Monday. “We spoke to one of the largest ethanol producers in Brazil and they have such a high consumption of ethanol they have to look for export markets. They need to look in other jurisdictions. I propose again, Grand Bahama, because of the container port that’s there, and the closeness to Andros – you may be able to utilize the sugar cane. Now the......

...greements and trade policy of the government,” Financial Services Minister Ryan Pinder said at a November 28 press conference announcing the event. Similar sessions have been held in Freeport, with service providers and industry professionals, said Pinder. “Now we bring our interaction and public discourse with the youth of the country, the aspiring professionals, entrepreneurs, and those young persons who look to be active in sectors of the econo......

...s upcoming entrepreneurs and strengthen the economy. According to Minister for Financial Services Ryan Pinder the final draft of the new “suite of IP legislation” is ready and the Ministry is poised to begin a consulation and education period, with input from the private sector. The move to modernize the country’s IP system comes as The Bahamas continues its efforts to become a member of the World Trade Organization (WTO) . WTO members must be a p......

...ervices (BIFS) Annual Seminars event today, Minister of Financial Services Ryan Pinder said his ministry has been working with regional partners to develop a plan for the training facility and source funding. “We will bring in strategic partners to provide curriculums to develop in areas where we think we have gaps,” he said this morning at the conference at the British Colonial Hilton , Nassau. “We have to always be focussed on the development of......

...ith economic woes still hounding other second-home destinations in Europe, Pinder believes The Bahamas is perfectly positioned. “With several countries including Greece, Spain, Italy and France either on the brink of financial disaster or threatening to raise taxes to remain solvent, a tax neutral country like The Bahamas becomes even more attractive,” she says. “Add to that the political stability, our accessibility and year-round warmth and The......

...nal communications programming. “These have become a highly successful platform for conveying The Bahamas Advantage for private wealth management, asset management, residency and international business.” “Our external marketing initiatives, with respect to market and sector focus, align directly with the BFSB’s long-term strategy for the industry. They are a direct reflection of the areas of opportunities and needs that have been identified by BFS......

...cularly given that it is the third pillar of the economy after tourism and financial services,” says Fair, who now holds the position of Grand Bahama Port Authority and Port Group Ltd chairman. With 90 per cent of the world’s trade travelling by sea (see Figure 2 – pending), the potential to make maritime an even more substantive contributor to the economy is a very real one, he says. Maritime cluster To get some idea of the depth and breadth of t......

...Bahamas, its advantages and opportunities in the fields of investment and financial services. This issue’s cover story shines the spotlight on one of the upcoming stars of financial services in The Bahamas, Aliya Allen–the newly appointed managing director and chief executive officer of the Bahamas Financial Services Board (BFSB). Assuming the position at the beginning of the year, the 34-year-old is charged with promoting the nation’s second lar......

...t it done,” says Benno. “Things are more laid back, but in the tourism and financial services industries people understand they have to have a service mentality in order to succeed.” From a business perspective, having local people who can “get the job done” is advantageous, as the cost of relocating people from overseas can be high compared to building a team of successful local professionals. Both Benno and William note that there is a pool of B......

.... Sidebar: Economic overview The Bahamian economy is driven by tourism and financial services. Tourism and tourism-related construction and manufacturing provide an estimated 60 per cent of the gross domestic product (GDP). Tourism directly and indirectly employs about half the Bahamian work force. In 2008, 4.6 million tourists visited The Bahamas, 85 per cent from the United States. The number of visitors declined in 2009 due to the global econom......

...omising new industrial and tourism projects, and purveyor of sophisticated financial services products, The Bahamas remains tops for investors seeking the perfect combination of business and lifestyle. Building on its reputation as the top international financial centre in the Americas, as acclaimed by The Banker magazine in 2006, The Bahamas continues to grow its economy and attract new investment and development, and you can read about all of th......