The Bahamas Investor

...cluded $563 million of carried interest on the realization of private fund investments for clients. Continued business expansion and operating activities positively impacted FFO for both the fourth quarter and the full year. Fee related earnings increased due to the growth in fee bearing capital. The compamy also benefitted from higher lease rates in both its office and retail portfolios, expansion in its transportation and utility businesses and......

...erm reduction in the government’s debt burden. As been emphasized in other official statements, the government is committed to achieving a speedy resolution that would permit the works at Baha Mar to resume and the property to open without much further delay. In the meantime, it should be noted that medium-term growth prospects for tourism are also grounded in capacity being added at other resorts in New Providence, Grand Bahama, Bimini, Abaco; an......

...ing profits or gains from the acquisition, holding, management or disposal of investments.” He said unlike the previous definition, there is no other requirement for a connection or “nexus” to The Bahamas built into it. Under the provisions of the Bill, licensing as an investment fund is triggered by an entity that fits the definition of an investment fund carrying on, or attempting to carry on business in or from The Bahamas. DPM Turnquest noted......

...l aid, according to director of development Dr Joanna Paul who said: “Half of our 14 classes of graduates are already back home re-investing their knowledge and skills in the country’s future.” LCIS board co-chair Bryan Glinton added: “We cannot underestimate how crucial good schools are to the continued development of our community and economy. This vision has had a broad base of support and we are excited to continue partnering with philanthropi......

...t Fund Managers Directive (AIFMD) bans unregulated attempts to raise funds for investments, or market offshore funds in EU member countries. The Bahamas Financial Services Board (BFSB) in conjunction with the Ministry of Financial Services, the Securities Commission of The Bahamas and Ernst & Young hosted the industry briefing yesterday at the British Colonial Hilton in Nassau. The industry has only just begun to dialogue publicly about the EU dir......

...lion. Executive director of the SBDC Davinia Blair called the disbursement of funds evidence of the organization’s continued work. “Having reached over one million dollars in disbursed funds is evidence that the organization is indeed at work and is successfully fulfilling its mandate,” said Blair. “Every time a company can successfully obtain financial backing, we see it as not only a direct investment into their dreams but also into The Bahamas.......

...ny additional funds invested into GBG will be used to accelerate further stages of its development in The Bahamas and explore additional opportunities offered to it outside of The Bahamas,” the firm said in Friday’s statement.......

...n May 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......

...cline in inflows to the region, according to ECLAC. Warning countries in the region not to be complacent and to make strategic decisions regarding FDI, ECLAC executive secretary Alicia Bárcena said: “In an international context of a reduction in FDI flows and strong competition for investments, national policies should be oriented towards attracting ever more FDI that contributes to forming knowledge-based capital and advancing towards sustainable......

...icklaus Signature Golf Course at Baha Mar, 200,000 square feet of combined state-of-the-art convention facilities including a 2,000-seat performing arts center and an art gallery with the largest curated collection of Bahamian art; more than 30 restaurants, nightclubs and bars; two spas, including the 30,000-square-foot destination ESPA at Baha Mar; designer retail boutiques, a beachfront sanctuary with native Bahamian flora and fauna, 14 distinct......

...Minister of State for Finance Michael Halkitis told a press conference last week that the government has in place a medium-term strategy to combat unemployment, crime and shore up the nation’s financial footing.......

...Minister of State for Finance Michael Halkitis said this week that the “revenue enhancement measures will not crimp the economy, but provide a more equitable tax burden.”......

...de policy. The EPA is a trade and development accord between the Caribbean Forum of African, Caribbean and Pacific States (CARIFORUM), of the one part, and the European Union (EU) and its Member States, of the other part. Since respective states from both blocs signed the EPA, commitments fall to each of them with respect to the various provisions. The Draft EPA Regional Implementation Road Map document had been drawn up for CARIFORUM States, foll......

...rmbrister – A.D. Hanna – The greatest of them all, Lynden Oscar Pindling; – And the hundreds upon hundreds of others whose names and the heroic deeds they performed are forever etched in glorious remembrance, now and forever. We owe it all to them.......

...Canadian Minister of State of Foreign Affairs Diane Ablonczy is meeting with her Bahamian counterpart Fred Mitchell this week to discuss possible opportunities in trade and education.......