The Bahamas Investor

...me a major distribution and sales outlet for the IWFS runway designs. “The state-of-the-art online store and marketing thrust offered through that medium will give designers an unprecedented opportunity to introduce and sell their designs to previously untapped markets,” Bethel explains. “ExÎles [Boutique] will itself invite special designers to produce lines of clothing under its proprietary label.” The successful Islands of the World Fashion Tou......

...s and financial services arenas. The Island Living supplement has a wealth of information for investors looking to buy property in the island paradise and the 32-page Legal Directory is a vital resource for anyone doing business in the jurisdiction. The Bahamas Investor is produced by Etienne Dupuch Jr Publications Ltd–the leading publisher of business and tourism information in The Bahamas. Other publications produced by Etienne Dupuch Jr Publica......

...ay. And driven by increasing competition and the anticipated privatization of the state-owned provider, the domestic telecom industry is answering their call. The Bahamas Telecommunications Company (BTC) has partnered with Canadian-based Research In Motion (RIM) to bring the BlackBerry wireless handheld device to The Bahamas. BTC is also aggressively pursuing the introduction of voice-over-Internet (VOIP) technology for its domestic customers. In......

“Empowering women is not just good for women, it is good for all of us,” Michelle Bachelet, Executive Director of the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), told the first meeting of the two-week session, which concludes on 16 March. Focusing in particular on the issue of women’s participation in public life, she said it was crucial to women’s social and economic advancement. That would also require the......

...rease in the volume of water sold. The services segment recorded a gross profit of approximately $0.5 million for the year ended December 31, 2011, compared with a gross profit of approximately $0.7 million in 2010. The lower gross profit for 2011 in the services segment stems primarily from the decrease in revenues discussed above. General and administrative expenses increased 21% to $13,651,650 in 2011, versus $11,329,648 in 2010, primarily due......

...more robust financial services product here in The Bahamas,” said Minister of State for Finance Michael Halkitis during his opening address this morning. The Bahamas continues to create a financial services jurisdiction that’s comparable to alternatives offered elsewhere in the developed world, he said. However, new laws and practices emanating from the US and other leading players in the financial arena continue to adversely impact this offshore......

...the Clifton Memorial. (BIS Photo/Patrick Hanna) Governor General Sir Arthur and Lady Foulkes head the list of dignitaries who attended the United States Embassy’s Memorial Day ceremony May 28. From left: Hubert Minnis, Leader of the Opposition; Keith Bell, Minister of State for National Security; Fred Mitchell, Minister of Foreign Affairs and Immigration; Mrs Dinkleman; John Dinkelman, Charge d’ Affaires US Embassy; Portia Nottage; and Bernard No......

For some perspective on the current state of the stock market, today’s chart presents the long-term trend of the Russell 2000 (small-cap stocks). As the chart illustrates, the Russell 2000 rallied from late 2002 into the mid-2007 and then effectively gave all of that back during the financial crisis. The seesaw continued during the immediate aftermath of the financial crisis with the Russell 2000 recovering all losses incurred during the financia......

...n banking location. The bank invested $3 million in the development of the state of the art branch, which has an expanded customer lounge, modernized furniture and fixtures and an open floor plan. The branch opened its doors on September 30, 2013, under the leadership of branch manager Lindsey Peterson. “We are proud to open the doors of our RBC Airport branch and Lyford Cay Bbranch,” said Nathaniel Beneby, managing director, RBC Bahamas, Cayman a......

...we made a very significant investment of about $96.0 million to add three state-of-the art diesel electric very large PSVs to our fleet. We bought these ships off the building yard in China and expect them to be in service in early 2014. With the additions of these new vessels, we have increased our Offshore Supply fleet’s capacity close to 30% during a time when demand in Brazil and elsewhere is growing at a fast pace.” Mr. Menéndez concluded, “......

...he British Colonial Hilton in Nassau. Opening the four-day event, Minister of State for Finance Michael Halkitis said: “As world leaders continue to deal with the global financial crisis, regulatory challenges are emerging. It is more important now than ever for regulators to be vigilant and promote the development of fair, safe and stable insurance markets.” The workshops, which are co-sponsored by the Caribbean Assocation of Insurance Regulators......

...lso allocating funds to the Public Hospitals Authority to facilitate the acquisition of new cancer screening technology to ensure all Bahamian women have access to state-of-the-art mammogram machines at both the Princess Margaret Hospital and Rand Memorial Hospital.......

...the buyer. Felipe Menendez, President and Chief Executive Officer, stated, “We are pleased to have completed the sale of 14 barges to a Colombian customer. This transaction is consistent with our strategy of utilizing our state-of-the-art barge building facility to increase EBITDA through both fleet growth and the sale of barges. We intend to continue to look for similar opportunities that enable us to provide barges to third parties.”......

...estate service provider Colliers International. To date, 20 to 40 percent of foreign investors in these four cities are from the mainland, the report showed. Malaysia Bao-Fun Pte Ltd, a real estate brokerage company, set up an exhibition hall in Beijing to better meet Chinese customers’ growing demand for overseas property. The company also offers consultancy services on market trends, financing and the purchase and mortgage process. According to......

...re activity in Brazil finds us ideally positioned to operate our new fleet of state-of-the-art PSVs. These elements have been the pillars of our investment plan over the past few years and we believe they will enhance the Company’s future earnings power.” Overview of Financial Results Total revenues for the first quarter 2012 were $64.5 million as compared with $58.3 million in the same period of 2011. Adjusted EBITDA for the first quarter 2012 wa......