The Bahamas Investor

...the launch of its new forensic accounting division. The department is led by forensic services manager Lenny Abrahams, a former police officer who was brought over from South Africa to help set up the new division. “There has been a downturn in the economy and when that happens the incidents of fraud increase,” says Abrahams, who has been at the helm of the forensic department for three months and says PwC can assist businesses with setting up co......

...sed the session by stressing the importance of airline service to the overall economy of the region. “Air services enable global trade and bring different cultures and people together,” he said. Also welcoming Routes to Nassau and Paradise Island at the launch press conference was David Johnson, Director General of the Bahamas Ministry of Tourism and Aviation. hcutting@dupuch.com......

...ond Winder says there is no need for a Ministry of Financial Services. His comments come on the back of suggestions made by lawyer Brian Moree at the Bahamas Business Outlook conference in January that a Ministry of Financial Services would greatly benefit the sector. “Any serious national commitment to grow the financial services industry in The Bahamas should start with the creation of a state-of-the-art, adequately funded and resourced Ministry......

...ugh reform and controlled spending. “We have to have a charge towards rebalancing,” he explained. “There are going to have to be some reforms in our fiscal regime.” cboal@dupuch.com......

...Grand Bahama in less than 10 years? A handbook story clears up some of the mystery and explores the techniques he used to build Freeport, as recalled by his contemporaries and closest associates. For more information, promotional copies or to send press releases to the publisher, please contact the Editorial Department at 242-323-5665 or email info@ dupuch.com.......

...ntries that already have ease of access. I think Latin America is critical for us,” he said. “We’ve been told by the Bahamas Hotel Association and the government that the number one nationality of passengers on these Copa flights is Colombian. Panamanian is third. Argentine is fourth or fifth, but Brazilian is at the bottom of the list. We want to work on that. Brazil is a very big country. That’s our aim right now.” BahaMar, he says will have the......

...he Prime Minister said that Brookfield Asset Management, a publicly traded company with some $159 billion in assets, has many years of operating experience and more than $69 billion of property assets, which gives them “special expertise” in real estate. The Atlantis Resort property, however, will continue to be managed and operated by Kerzner International. Earlier this month president and managing director of Kerzner International Bahamas George......

...iceroy Hotel Group, echoed Bassel’s remarks. Viceroy is a hotel management company composed of three distinct international collections–Viceroy, the Tides and Urban Retreats–in some of the world’s most sought after destinations. “It’s becoming easier now to sell more, because the [glut in] supply is gone,”?he said. Both men were panelists of the HVC Caribbean Hotel Investment Conference and Operations Summit (CHICOS). The two-day conference began......

...Baha Mar Ltd. “I am proud to say that their faith is being rewarded, step by glorious step.” For Izmirlian the road’s completion establishes “the footprint and resurgence of The Bahamian Riviera, and paves the way for a project that will profoundly impact many, many lives in our community and elevate the bar for tourism in the Caribbean and in this hemisphere.” It took 600 workers nine months to complete the realigned portion of West Bay Street,......

...ngraham. “Water produced from desalination plants has not always been as affordable as it has become with the advance of technology.” In recent times the government has installed desalination plants on Exuma, Long Island, Bimini, San Salvador, Inagua, Ragged Island and in New Providence. Plants were also erected in Moore’s Island and Grand Cay Abaco. “As in New Providence, my government is committed to improving public infrastructure and improving......

...y produce fantastic barbecue,”?says Markantonis. “This is not a restaurant for vegetarians.” The initial plan called for the restaurant’s exterior to be opened for lunch and the entire restaurant at night. “In its first five days we have had so much volume at lunch that we have been obliged to open the interior as well,” says Markantonis. “It is good news for the employees who work there because that means there is more revenue coming into the res......

...Tourism and Aviation values this highly successful relationship and, in welcoming this new service we freely indicate our receptiveness to discussions about other initiatives from other gateways. We remain committed to strengthening this relationship as the years go by,” added Pratt. JetBlue has continued to expand its airlift to The Bahamas based on “extremely strong results” St George said. The Bahamas, he notes, has been “a tireless supporter”......

...hs in Lugano in late spring. Aside from being an active participant in the company’s workforce, Zywiolek also used the opportunity to improve her Italian, which is her third language. During the summer months, junior relationship manager Lafleur completed a two-month training circuit in both Geneva and Zurich. While there, she had the opportunity to meet clients and colleagues in addition to working alongside the relationship managers in each city......

...of hundreds of Bahamians, according to the Prime Minister. “In preparation for the completion of the Critical Care Block, 130 or more Bahamians, exclusive of physicians and nurses, are being engaged to be trained to become surgical and orthopedic, radiology, pharmacy, rehabilitation, intensive care, laboratory, biomedical, EKG and ECHO technicians,” the Prime Minister advised. “Additionally, medical records, patient care aides, maintenance technic......

...is the single largest private sector employer in The Bahamas. It accounts for five per cent of the nation’s employed labour force. The prime minister credits the resort as “overwhelmingly responsible for the revitalization and expansion of the Bahamian tourism sector.” “Its development on Paradise Island created the premier warm weather destination in our region,” says Ingraham. Through its payroll, the company injects $189 million into the econo......