The Bahamas Investor

...ons. John Rolle, Governor of the Central Bank of The Bahamas and Christina Rolle, executive director of the Securities Commission of The Bahamas (SCB ) both spoke a the event. Governor Rolle led off the afternoon with a presentation focusing on recent trends in the sector and shared the Central Bank’s Strategic Plan for 2016-2020. He also discussed policy issues impacting The Bahamas as a jurisdiction and recent efforts around Caribbean-level poli......

...ompanies’ (AIBT) Regulators Forum, held at the Baha Mar conference centre, Rolle said around 4,000 people were currently employed in The Bahamas’ banking sector – compared to close to 5,000 in 2000. “We could be getting so much more out of the sector”, he said, highlighting obstacles to growth such as stricter global regulatory standards alongside de-risking and the resulting loss of correspondent banking relationships. The Central Bank’s strategi......

...e the types of things we envision and which are encapsulated in our vision statement.” With the final plan finished, Dr Virgill-Rolle said the work is just beginning for her team. “Getting that preliminary work done is great. There’s a pathway and you can see what you need to do, but now we need to implement. That’s the real transformative work.” To assist with its implementation, the plan will be accompanied by legislation that mandates certain t......

...3, we did an incredible job for them to say they want to come back again,” Rolle said. Rolle added that the Miami Heat’s trip in 2013 help to boost visitor arrivals in the last quarter of 2013 and resulted in millions of dollars in advertisement for the entire country. “We got $20 million in free publicity because of that exposure,” he said. “And when you think of what that one little trip did to turn our country around and put us on different foo......

...ry meaningful relationship with the US Treasury and the IRS,” said Virgill-Rolle who spoke at yesterday’s Money Laundering Reporting Officers (MLRO) Day held at the British Colonial Hilton, Nassau. “We have been very transparent and clear about what we do.” The government is currrently drafting legislation to implement FATCA and is drawing up industry guidelines. It hopes to release the former by the end of the year and the latter in February 2014......

...orm and renewable energy; and expanding Crown Land reform,” said the Prime Minister. The Prime Minister asked the Opposition if it would support a revision of minimum wage and pensions renumeration, the extension of tax free zones, paid paternity leave and improvement of child support renumeration. “We are focused on improving the lives of Bahamians and making our nation the best little country in the world,” said Prime Minister Minnis. Source: Go......

...nd maintain respect and peace among members of the community, according to Minister of State for Grand Bahama Kwasi Thompson. The Minister’s remarks came during the opening of the Alternative Dispute Resolution (ADR) Seminar, which was held at Pelican Bay Resort September 21, 2017. The seminar was attended by local lawyers, business owners and executives of the Grand Bahama Port Authority. Minister Thompson told attendees that as with all new init......

...tion to have more flexibility in providing financing for residential real-estate investments for non-Bahamians,” Prime Minister Christie said. Over time,Christie said, those measures were expected to have gradual positive impacts on small and medium-sized ventures; support the strengthening of linkages between tourism and other economic sectors; and provide additional stimulus to the upper end of the real-estate market. The Central Bank of The Bah......

...s which involved much advance preparation. The delegation led by the Prime Minister included the Minister of Tourism, The Honourable Obediah Wilchcombe, The Attorney General & Minister of Legal Affairs, The Honourable Allyson Maynard-Gibson, The Minister for Grand Bahama, The Honourable Dr. Michael Darville, Senior Policy Advisor, Sir Baltron Bethel, Chairman Hawksbill Review Committee, Dr. Marcus Bethel, Consultant Ministry for Grand Bahama, Mr.......

...-net-worth individuals. Pictured: Prime Minister Perry Christie (centre) arrives at Highborne Cay for a tour of the facilities May 27.(BIS Photo/Peter Ramsay) (BIS Photo/Peter Ramsay)......

...not another golf cart available until January 5 and people who love it here are showing real interest in buying.” Pictured: (from left) franchise holder and leading broker Mario Carey; Minister of Investments Khaalis Rolle; Harbour Island agent for BHG MCR Bahamas Group Adell Farquharson; and RBC vice president, business development, Northern Caribbean Robert Pantry. (Photo by June Collie/©MCR Group)......

...Minister of State for Investments Khaalis Rolle welcomed local and international participants, presenters, organisers and stakeholders, to the United Nations Small Island Developing States (SIDS ) Symposium on Implementing the 2030 Agenda for Sustainable Development being held in The Bahamas this week. The event is being held at the Melia resort.......

...y. Accompanied by Tourism Minister Obie Wilchcombe and Investment Minister Khaalis Rolle, the Prime Minister said during the tour that the government is determined to turn the Bahamian economy around and that The Bahamas is open for business and is investor friendly. “We want to make things happen quickly in The Bahamas. This is an example of making things happen quickly in The Bahamas,” he said. The current upgrades to the property have created 1......

...Inter-American Development Bank senior specialist Wayne Beecher has urged Bahamians to invest in low carbon, environment friendly technology.......

...e reducing volatility. It is worth noting that in recent years alternative investments, or hedge funds, and commodity investments also complement the traditional asset allocation. Although selecting individual company names, or stock picking as it is known in the industry, remains the core activity behind portfolio construction, more and more investment practitioners and investors in general are recurring to trackers as a choice of preference for......