The Bahamas Investor

...dations that can host up to 100 resort guests, as well as beachfront real estate for those seeking a more permanent respite in paradise. Family Success Conde Nast has named Kamalame Cay as the Best Hotel in The Bahamas, Bermuda and Turks and Caicos Islands three times, the most recent being last year. Additionally, the resort was ranked number one out of 20 resorts in the Atlantic islands in Condé Nast Traveler’s 2016 Readers’ Choice Awards Best i......

...U.K., Latin America and Europe. Prior to this, she served as the Director of Investments in the Bahamas Investment Authority (BIA), Office of the Prime Minister, commencing that role in July 2008. In both positions, she has been involved in negotiating and implementing some of the largest tourism investment and development projects in the country, including the final phases of the Atlantis Paradise Island megaresort and the multi-billion dollar B......

...cess to their head office overseas, we have access to a wide ranging group of professionals here in The Bahamas. Being part of one of the largest financial groups locally with over 700 employees is certainly a strength,” says Alexiou. “We can find knowledge at our fingertips, with access to accountants, bankers, lawyers and non-banking related activities just within this building,” says the managing director, referencing the firm’s fourth floor of......

...entrepreneurial development for Bahamians. She will be supported by a team of professionals and will have the necessary resources to ensure the effectiveness and sustainability of the programme, and we anticipate significant results under her leadership.” Through appointments such as Blair’s, Turnquest said, the government and its partners are “making tangible investments in both human talent and treasure to facilitate the growth, development and......

...foreign policy decisions, economic relations, development cooperation and foreign investments inflows are hampered when a nation is deemed non-compliant. In these scenarios, the downsizing, or loss even, of financial institutions pose a real threat,” she adds (stock photo). BACO’s EXECUTIVE TEAM President Cheryl Bazard Executive vice president Maria Dorsett Vice president Endric Deleveaux Secretary Esther Johnson Treasurer Todney Marsh Assistant......

...k said: “Although Central Bank has implemented the period for repatriation of profits under the 10 per cent bid rate, it is not implying that investors should prematurely liquidate their investments in order to repatriate capital within the given time period.” “It is Central Bank’s view that vis-a-vis having all capital immediately subject to the new ICM bid rate of US$1.000 = B$1.0025, the accommodation made to investors is significant, taken wit......

...t, and sustainable public assets and services in a way that achieves value for money for the government and public users.” In a statement, the government said that while it is not new for the government to use PPPs to advance its policy objectives, the government has taken responsible action to develop a formal policy and move away from the ad hoc approve of previous governments. The PPP Policy will inject a new level of transparency and accountab......

...iness decisions are channelled through Nassau, which is time-consuming and off-putting for both local and foreign investors. Despite the obstacles, there is entrepreneurial growth in Abaco as the next generation shows its business acumen. The Chamber of Commerce, which currently has around 120 members, most of which have less than 20 employees, is working to help these young professionals develop their skills and exploit opportunities. “We are ver......

...ur reservation, determine baggage specifications and see what your airline offers for onboard service. Give yourself ample time. Anticipate extra hustle and bustle at the airport. Check-in at least three (3) hours early for US-bound flights and two (2) hours early for International departure flights. This gives you ample time to clear security and head to your gate area with time to shop, dine, relax and enjoy airport amenities. Airport parking is......

...otel and Tourism Association (CHTA ). Director general and chief executive officer of the CHTA Frank Comito encouraged regional stakeholders to get ready for what the association believes can be an especially strong winter season. “With new routes and upgraded aircraft announcements over recent months, market-savvy hoteliers are positioned to increase occupancy and generate additional business.” Comito (pictured), whose team is preparing to host t......

...an dollar trust company was formed, The Bahamas had a highly-trained cadre of professionals who had years of experience managing trusts in other currencies.” Leno’s acquisition of The Bank of The Bahamas’ trust aligns with the firm’s vision. The 100 per cent Bahamian-owned entity started as one of a handful of fund managers and brokers recognizing the market potential of dealing in Bahamian dollars, exclusively servicing Bahamian clients with the......

...rformance and 2014 Outlook Survey confirm that 2013 was a year of mixed performance for the hotel industry, while a higher level of business confidence exists for 2014. Hotels were divided in their responses in gauging revenue and occupancy levels for 2013. In general, Family Island and Grand Bahama hotels reported marginal revenue and occupancy improvements, while Nassau-Paradise Island hotels saw small declines in performance. While the hotel in......

...tment opportunities exist in The Bahamas to enhance the infrastructure platform for growth in trade and industry.” “If we can unlock private capital in the region and partner that with foreign investment, I think that is the perfect solution.” The BIIBF, which is hosted by the Commonwealth Business Council (CBC) in collaboration with the Grand Bahama Port Authority (GBPA) and the Bahamas Investment Authority (BIA) , winds up today with a tour of t......

...and attain success in this space. For The Bahamas, Fintech presents a platform for innovation that should be leveraged to participate and thrive in this new digital era set out by a variety of next generation technologies. Opportunities for entrepreneurs, as well as established firms, can be created in this new environment, although both run some risk in the absence of regulatory and legislative guidelines as a lot of the technology is so new. Bu......

...iders, wholesalers and tour operators, online travel agencies, and members of the media prepare for the premier Caribbean one-stop travel trade event in the Bahamas.” Attendees include those from the UK, Australia, Canada, France, Germany, Italy, Panama, Russia and Mexico. The CHTA is partnering with Baha Mar, the Bahamas Hotel and Tourism Association, the Bahamas Ministry of Tourism and the Nassau Paradise Island Promotion Board to organise the t......