The Bahamas Investor

...tic product grew 7.5 per cent in 2010 and, according to the World Economic Forum, the country is expected to become the world’s fifth largest economy by 2020. The economic boom is due in part to Brazil’s abundance of raw materials, stable banking sector and growing middle class, according to Peppe. “For a country that was a very poor country 20 years ago, we are doing very well and we are trying to do better,” he continued. “There are many opportu......

...ith its lenders to restructure the company’s debt in order to position the company for long-term growth as a global management company of first class destination and luxury resorts around the world,” Sir Sol said in a statement released this afternoon. “Today we have reached an agreement in principle that goes a long way towards accomplishing this goal. “Brookfield is a highly sophisticated investor in real estate. They understand our business and......

...ndeed enable us to realize this growth potential.” With the new facilities comes an opportunity for expanded air service, said Steeves. NAD is working closely with partners at the Ministry of Tourism and Aviation, the Nassau/Paradise Island Promotion Board and the Bahamas Hotel Association to encourage carriers to increase their service and frequencies to Nassau and Paradise Island. NAD is the host of the 2012 Routes Americas forum in February, wh......

...mpanies that are able to grow their market share on a global basis.” “Look for multi-national companies selling into the developing world,” he continued. “The opportunities are still sitting there. This is a great time to reposition your portfolio to focus on growth and global opportunities.” Coons allayed fears of a recession in the US, saying that the situation is not as severe as many predict. “There is a risk of a US recession, but risk has tw......

...ally during the 1950s and ’60s when internationally acclaimed racers would compete in races and events in the Bahamian capital. It is hoped that this year’s gala will help kick start the return of an annual Speed Week. In addition to special guest Sir Stirling, also in attendance were Governor General Sir Arthur Foulkes and his wife, Lady Joan Eleanor Foulkes. Officiating were Jimmy Lowe, president of Speed Week Revival and Minister of Tourism and......

...element in offering productivity,” he said. “The emerging economies have quite a lot to do and it will take a lot of time.” Acket said the shifting economic landscape would be guided by those countries who respected the basic components of economic success, calling it “the race of the wise policy makers.” cboal@dupuch.com......

...and has 57 ATMs. “Carmichael is one of the fastest growing, if not the fastest growing residential community in The Bahamas,”?said Teslyk. The new MD is optimistic that the site preparation and ground breaking can begin this month. Construction is expected to last six to seven months, wrapping up in June/July 2012. Officials hope to officially open the branch in the fourth quarter of next year. “So, we are expanding. We are clearly reinvesting,”......

...East sub-region where, in addition to country management responsibilities for Barbados, he oversaw Scotiabank’s retail, corporate and commercial, offshore and wealth management businesses throughout the Eastern Caribbean and St Maarten. In June 2011, Teslyk assumed his current position as managing director, Scotiabank (Bahamas). “I feel privileged to have been asked to be part of Scotiabank here,”?said Teslyk. “This organization has been one I’ve......

...chan (pictured) said: “There is still much work to be done, but our recent completion of the Factual Summary is a leap forward in this process.” She also spoke of the government’s trade policy in general, highlighting the need to increase The Bahamas’ export capacity and create business opportunities through international agreements. The Ministry of Financial Services has received a $1.5 million loan from the Inter-American Development Bank to fur......