The Bahamas Investor

...-reciprocal basis. The Bahamas Ministry of Financial Services has published an industry briefing note with frequently asked questions to help services providers prepare for the changes in reporting requirements. View or download a PDF of the document here.......

...ed at 1,559.90. This represents a year to date increase of 91.68 or 6.24%. By comparison for the six month period ending June 30, 2013 the BISX All-Share Index closed at 1,406.66. This represented a year to date increase of 60.40 or 4.49%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities. As at June 30, 2014 the market was comprised of 27 primary market listings w......

...as sustained during the review month, supported by an improving tourism performance and foreign investment related construction activity. Gains were recorded in both air and sea arrivals, underpinned by targeted promotional campaigns to increase airlift to key domestic destinations. Nevertheless, signs are that labour market conditions remained challenging, owing to the narrowness of the recovery. Amid relatively stable to declining global oil pri......

...in The Bahamas such as IBCs, foundations and purpose trusts, setting up investment funds, and Bahamian business incentives. > download 2019 Bahamas Investor’s Resource Guide This special, 32-page supplement to The Bahamas Investor offers an essential overview for setting up trusts, international business companies and other wealth management structures in The Bahamas, plus information on working and living in The Bahamas. The Investor’s Resource G......

...g foreign investment-led projects which supported construction activity. Amid the downward trajectory in global oil prices, domestic fuel costs continued to moderate over the review period. Monetary sector developments were dominated by the seasonal firming in foreign currency demand, which contributed to declines in both bank liquidity and external reserves. For full text reading, Click here to read/download the attached document. Source: The Cen......

...ls in New Providence and Paradise Island showed total room revenue firming by 1.6% over the three-month period, buoyed by a gain in average occupancy rates of 5.0 percentage points to 68.9%, which negated a contraction in the average daily room rate (ADR) of 6.3% to $205.6. Similar improvements were noted year-to-date, as average occupancy levels remained above 2011’s levels, resulting in higher room revenues, but the ADR was substantially lower.......

For the full year Scotiabank achieved record net income of $6,697 million compared with net income of $6,466 million in 2012. Diluted earnings per share were $5.15, compared to $5.22 in 2012. This year had a net benefit of 7 cents per share related to non-recurring items in International Banking, while last year’s results benefitted 61 cents from real estate gains. Adjusting for both these items, diluted earnings per share grew 10.2 per cent. Vie......

...holding company, trading company, a private investment vehicle, insurance company for non-domestic business, or other uses, including its ability to form part of a more sophisticated structure involving a combination of trust, foundation or other specialized corporate elements. This information has been updated. View/download the latest changes in the 2017 Investor’s Resource Guide. Of particular importance, the IBC operates in a responsible envi......

...kets, as well as real-estate (specifically in the Asia-Pacific region), performed solidly throughout 2010. By the end of 2010, HNWIs held 33 per cent of all their investments in equities, up from 29 per cent in 2009. The US is still home to the single largest high-net-worth segment in the world, with 3.1 million HNWIs accounting for 28.6 per cent of the global HNWI population. The Asia-Pacific region posted the strongest regional rate of HNWI popu......

...ts of entry. The pamphlet includes symptoms, prevention tips and contact information for the Ministry of Health. Hotels and guest properties throughout The Islands of The Bahamas are also continuing their proactive measures. Since January 2016, Caribbean countries and their hotels have aggressively taken proactive measures to ensure a safe environment for their local citizens and visitors alike. CHTA and CTO have partnered with the Caribbean Publi......

...ting to a modest upward revision to 2017 global growth relative to April’s forecast. The outcome of the U.K. vote, which surprised global financial markets, implies the materialization of an important downside risk for the world economy. As a result, the global outlook for 2016-17 has worsened, despite the better-than-expected performance in early 2016. This deterioration reflects the expected macroeconomic consequences of a sizable increase in un......

...View or download the Monthly Economic and Financial Developments report for March.......

...Here follows the communication by the Honourable Perry G. Christie, Prime Minister and Minister of Finance for the budget debate 2016/2017 closing statement, Wednesday, 22nd of June 2016: View or download a PDF of the communication here.......

...View or download the Monthly Economic and Financial Developments report for May.......

...e Society of Trust and Estate Practitioners (STEP), Bahamas Association of Compliance Officers (BACO) and The Bahamas Institute of Chartered Accounts (BICA). The event has attracted top international speakers, such as tax and trust lawyer Simon Beck of Baker & McKenzie, as well as local experts such as Brian Moree, partner with McKinney, Bancroft & Hughes, and Stanislaw Bereza, inspector of banks at The Central Bank of The Bahamas. Download a PDF......