The Bahamas Investor

...involvement of all of the relevant stakeholders. This year the Department of Information Technology joins the Cyber Crime Unit of the Royal Bahamas Police Force in partnering with the Office of the Data Protection Commissioner to deal with, what many would say, has now become an international issue of great concern; data protection. The theme this year “The 7th Data Protection Principle: Personal Data Security Offline and Online” places emphasis......

...Executive Officer Keith Davies says, “We continue to build on the success of investments that we made in establishing close working relationships with our Sponsor Members and the wider Bahamian Financial Services Industry. These listings are also positive proof of the value that our industry continues to add to its clients. We are confident that our market is moving steadily towards the day when listings of this nature are considered common place......

.... “We offer the quaint colonial village atmosphere with the sophistication of some of the finest hotels and restaurants in the country,” he says. Famed for its pink sand beaches and colonial charm, Briland, as locals call it, is only three miles long and a half-mile wide. Situated to the north of Eleuthera’s mainland, Harbour Island is accessible only by boat and offers value and ultra-luxury accommodations in equal measure making it popular with......

...centives in the region, the establishment of reliable and adequate sources of information on FDI will contribute to the debate on the effectiveness of these incentives,” notes Diane Quarless, director of ECLAC’s Subregional Headquarters for the Caribbean in the opening session of the day’s activities on July 8. Participants were also advised of the support services offered by Caribbean Regional Technical Assistance Centre (CARTAC) to members seeki......

...shment in today’s challenging global economic environment. It confirms the forecast of a bright future for our tourist industry, in which Atlantis is the largest private sector partner with some 8,000 employees.” Balkin said that these two agreements would “position” the resort for future success. “To place Atlantis on secure financial footing, Brookfield and its institutional partners have made an additional $195 million equity investment in the......

...to the development of a National Cyber Security Strategy for The Bahamas. Minister of National Security Dr Bernard Nottage, said the government of The Bahamas recognizes information communications technology as one of the most important enablers for the achievement of economic and social development. He said the government has embarked upon an initiative to articulate a National Cyber Security Strategy, which will include the strengthening of cyb......

...which undoubtedly will be linked to the country’s economic position. Therefore, some of these plans will slow down as the year progresses as entrepreneurs await to hear the fiscal and economic plans of the political parties that will contest the 2017 general election. The Bahamas has an integrated economy that is greatly affected by external global economic conditions. Factors such as the current recession in Brazil can have a significant impact......

...ure using Turn-Page/Ezine mode. The impact of these changes is even larger for offshore private banks as FATCA is levelling the playing field in attracting global investors across many jurisdictions. While there have been several high-profile market exits by global wealth management organizations, there are still opportunities for significant growth for firms that can adapt to change and deliver stronger value propositions. This is an opportunity......

...ure using Turn-Page/Ezine mode. The impact of these changes is even larger for offshore private banks as FATCA is levelling the playing field in attracting global investors across many jurisdictions. The largest economies of this 520 million-people area are Brazil and Mexico, the seventh and 15th ranked economies in the world in 2014, respectively. The fastest growing economies in the region are Peru, Colombia, Ecuador, Bolivia and Panama. The reg......

...ity for The Bahamas for years to come,” saidSidney Hinton, chief executive officer of PowerSecure. Under the terms of the MSA, in addition to PowerSecure receiving a baseline annual management fee of $2 million, BPL must achieve pre-defined key performance indicators (KPIs) related to cost reductions, reliability improvements and customer service enhancements in order for PowerSecure to receive potential additional performance-based compensation o......

...Sir Sol’s operational expertise and, unparalleled ability to execute hotel investments of this magnitude – in unforgiving and unique landscapes like the Bahamian islands – I am certain the Bahamian public will welcome the news of their return. This sequel could have the potential to rival Mr Andrew Farkas’ and Sir Sol’s most prolific runs over the past 20 years.” Mr Farkas left Salomon Brothers and founded his own property investment company, Metr......

...vices providers.” In speaking of the Listing, Ivan Hopper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are very pleased to continue sponsoring the listing of funds with BISX. We continue to see an increase in funds wishing to list and are certain of further fund listings in the next couple of months; our Company is the largest fund Administrator by number of funds in The Bahamas, and we to continue see growth in o......

...future, there will be more client-facing portals that enable presentation of information and financial strategies, including any potential risk, in a clear and relatable way online. Sterling is proud to be at the forefront of this type of information sharing and practical application for our clients who can now manage their financial affairs with greater ease. It’s this kind of service that has helped us grow from a relatively small office overse......

...rial activity and job creation for residents. The result has been the transformation of Bimini’s tourism sector from a seasonal to a year round destination. Resorts World’s investments in Bimini’s infrastructure have included a $12 million investment in North Bimini’s airport expansion, lengthening of the runway, upgrade of the terminal and flight facilities, construction of a deep-water jetty and water taxi terminal, construction of over 400 empl......

...red the Baha Mar construction site. The group had a firsthand walk through of their respective boutique spaces to be located in a high-traffic area near to the gaming floor of the 100,000 sq ft Baha Mar Casino. The tour also included executives from Cartier, a luxury watch and jewelry brand, and Richemont, a luxury goods and jewelry company whose brands include Cartier, Baume et Mercier, A Lange & Söhne, Jaeger-LeCoultre, IWC, Panerai and Montblan......