The Bahamas Investor

...uous plastic cup and is a pretty pink colour, but it’s secret frozen blend of four types of rum and various fruit juices is lethal. Man-O-War Cay, population 350, is a small boat building and maintenance port where the Albury ferry service that operates between the Abaco islands is based. There we wandered the town – there’s only a few streets – marvelled at the empty beach and ate blackened fish for lunch at Dock N Dine on pilings over the water.......

...g influence of Asia and elections in the emerging market of Brazil. “A lot of reforms are ahead of us,” he said. “We need to plan ahead.” Bullish equity markets would be bolstered by US and Chinese growth, according to the speakers. “What we see in the global dynamics is that Asia has been picking up very well [and] tremendously quickly,” said Feller, pointing to the $3.5 billion Baha Mar development and the recent acqusition of the British Coloni......

...bout this project, and what has made it really one of the best experiences of my professional life, was that it was very design led. Often developers aren’t design minded, but at Baha Mar the design has been very much part of the strategy for success.” Logistics and construction There was still the little matter of making all these plans a reality. The task fell to China State Construction and Engineering Corp, which shipped in workers from China......

...finishing on time and on budget. The last of the three smartly engineered state-of-the- art terminals was officially opened on October 17, 2013. Immediately, NAD had its first major loan payment looming. “Now that construction is over, you have to start to pay the piper. We borrowed a lot of money, almost a half a billion dollars in order to construct these new terminals. The deal was that we would make minimal payments during the construction pe......

...hich costs $50,” says Demeritte. It also has to be stamped at the Ministry of Foreign Affairs, because it is going outside the country, and that is $10. The Registrar General’s Department declined to disclose the amount of revenue generated by maritime marriages thus far, but Clarke-Maycock is optimistic about its possible future growth as a money earner for the jurisdiction. “I think maritime marriages could assist greatly in generating revenue,”......

...r to keep the business humming, Baha Mar is designing a first of its kind, state-of-the-art IT system, which would allow its international hotel partners to share information advantageous to the campus as a whole. The Baha Mar project is unique in that it is partnering with a stunning portfolio of international hotels, which at press time are Rosewood Hotels & Resorts, Grand Hyatt and Meliá Hotels International. The various brands are coordinating......

...mes to sports tourism, there are even more attractions to include, such as state-of-the-art facilities, modern infrastructure and a high level of services. Given the recent economic climate, the government has identified the sector as being a potential stabilizing force within the industry, even during times of volatility. “We are testing sports as a part of sustainable, economic development,” says Johnson. “It’s about the business of sports. This......

...riod, the technology is restricted to certain areas of the resort by means of geofencing—a technique that creates a virtual perimeter–but will be extended throughout the resort. “You can literally make a wager anywhere on the property,” says president and chief executive officer of Cantor Gaming Lee Amaitis. “There’s a lot to do at Atlantis and most people are on the go. Most people want to be free to do what they want to do, when they want to do......

...y Summit in Washington DC this week. Discussions are being held towards the objective of Caribbean energy security, energy diversification, and cleaner sources of energy. Pictured: Prime Minister Perry Christie, left, in discussion with the United States deputy secretary of state Anthony Blinken at the Caribbean Energy Security Summit yesterday. (BIS Photo/Peter Ramsay) Pictured: Delegates at the Caribbean Energy Security Summit, January 26, 2015,......

...established Sator Regulatory Consulting, which now undertakes assignments for a range of international standard setting bodies, governments, regulatory authorities and leading financial services businesses, including the World Bank , International Monetary Fund and UK Foreign & Commonwealth Office. Each year, IBFS attracts leading global players to travel to The Bahamas and engage in dialogue about the global industry and implications for The Bah......

...lavish accommodations, 5-star culinary services, top cruising speeds, and state-of-the-art technology embody the ultimate private yachting experience. The Castlemain partnership follows previous Glamour-Sales alliances with ultra-luxury brands such as Maserati, to sell its limited-edition Gran Cabrio Fendi car, on the Glamour-Sale website, in addition to traditional merchandise including designer clothing, accessories, cosmetics and home furnishi......

...investment in the property will benefit Great Abaco and The Bahamas in the form of increased home building, tourism and jobs. ” Southworth is planning a multi-million dollar renovation of the existing facilities which will begin immediately. In addition, a new state-of-the-art golf practice facility will be added, along with a new marina and boathouse. “The Abaco Club has everything money can’t buy,” said David Southworth, President and CEO of Sou......

...Minister of State for Finance Michael Halkitis says that the government was right to provide support for the Bank of The Bahamas in managing its debt levels.......

...red Agenda – Connecting Our Economies.” The conference focused on the small economies of the Caribbean Basin. The event attracts more than 300 senior delegates including heads of state from the Americas and the Caribbean, and is a valuable vehicle for businesses aiming to expand access to the region.......

...(SMEs) struggle to compete in a difficult financial climate, said Minister of State for Finance Michael Halkitis last week, as he pledged to remove barriers to doing business in The Bahamas and stabilise the economy. “We find ourselves at a very, very important crossroads in our development. There are fundamental changes going on internationally and in The Bahamas,” he said referring to the economic slowdown caused by the recent global recession.......