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News & Press - Nov 21/18

 

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SMP Partners, which has offices in The Bahamas, has announced that it has completed the acquisition of Solaris Corporate Services Ltd in the Cayman Islands. 

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TheBahamasInvestor.com
Tuesday, November 20, 2018
Tuesday, November 20, 2018

SMP PartnersIndependent trust and corporate services provider SMP Partners, which has offices in The Bahamas, has announced that it has completed the acquisition of Solaris Corporate Services Ltd.

SMP Partners Group chairman, Steve McGowan said: “This acquisition further consolidates our position in Grand-Cayman following the acquisitions of the trust, corporate, custody, and fund administration business from Royal Bank of Canada and the trust and corporate book of business from Cayman National last year.”

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Works Minister tours GoldWynn condo complex

Minister of Public Works Desmond Bannister, along with Director of Works Melanie Roach, toured the GoldWynn Condo-Hotel & Residences construction site November 15, 2018. Pictured: Minister Bannister (centre), director of works Melanie Roach accompanied by GoldWynn construction manager Alexander Reed November 15, 2018. (BIS Photos/Patrick Hanna)

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TheBahamasInvestor.com
Monday, November 19, 2018
Monday, November 19, 2018

Minister of Public Works Desmond Banniste, along with director of works Melanie Roach, toured the GoldWynn Condo-Hotel & Residences construction site, opposite the Cecil Wallace Whitfield Centre November 15, 2018.

Construction manager Alexander Reed facilitated the tour.

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World’s largest cruise ship docks in Nassau – photos

Royal Caribbean International’s “newly minted” Symphony of the Seas completed its inaugural voyage to The Bahamas with a call on the port of Nassau. (BIS Photo/Kemuel Stubbs)

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TheBahamasInvestor.com
Friday, November 16, 2018
Friday, November 16, 2018

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Pictured: Minister of Tourism and Aviation Dionisio D’Aguilar speaks at the event. (BIS Photo/Kemuel Stubbs)

Royal Caribbean International’s “newly minted” Symphony of the Seas completed its inaugural voyage to The Bahamas with a call on the port of Nassau November 14, 2018.

Senior government officials, led by Minister of Tourism and Aviation Dionisio D’Aguilar, officials of the Ministry of Tourism and tourism industry stakeholders and partners, were among those on-hand to welcome the Symphony of the Seas to the Port of Nassau.

Minister of Health Duane Sands, Minister of Housing and the Environment Romauld Ferreira, and Minister of the Public Service and National Insurance Brensil Rolle, were among the senior government officials in attendance.

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CTO to host two live web events

In celebration of Caribbean Tourism Month, the Caribbean Tourism Organization will host two live events on its Facebook page. 

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TheBahamasInvestor.com
Friday, November 16, 2018
Friday, November 16, 2018

In celebration of Caribbean Tourism Month, Caribbean Tourism Organization is hosting two live events via its Facebook page November 19-20.

On November 19 at 11:00 am Eastern Caribbean Time (10:00 am Jamaica/New York, 3:00 pm London) there will be a live discussion with CTO secretary general Hugh Riley. Riley will be fielding questions from Facebook followers about the Caribbean’s tourism industry. You can email your questions in advance to jjohnrose@caribtourism.com or type in your question during the session. This is a one-hour session.

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Grand Bahama Tech Summit kicks off

Prime Minister Dr Hubert Minnis officially opened the 2nd Grand Bahama Technology Summit yesterday in Freeport. Pictured: PM officially opening the summit November 14. (BIS Photo/Andrew Miller)

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TheBahamasInvestor.com
Thursday, November 15, 2018
Thursday, November 15, 2018

Prime Minister Dr Hubert Minnis officially opened the 2nd Grand Bahama Technology SummitNovember 14 in Freeport.

The three-day summit is being held at the Grand Lucayan resort under the theme, ‘The Future is Now.’

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Business news in The Bahamas – audio

The Tech Summit in Freeport on Grand Bahama dominates the business news in The Bahamas this week. Listen to an audio news round-up from Bahamas Information Services here. 


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Bahamas Information Services
Thursday, November 15, 2018
Thursday, November 15, 2018


AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of “a-” of Family Guardian Insurance Co Ltd. Concurrently, the credit rating agency has affirmed the Long-Term ICR of “bbb-” of FamGuard Corp Ltd. Both are domiciled in Nassau, The Bahamas. 

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AM Best
Thursday, November 15, 2018
Thursday, November 15, 2018

Morneau ShepellOLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Family Guardian Insurance Company Limited (Family Guardian). Concurrently, A.M. Best has affirmed the Long-Term ICR of “bbb-” of FamGuard Corporation Limited (FamGuard) (BISX: FAM) (both domiciled in Nassau, Bahamas). Family Guardian is a wholly owned subsidiary of its publicly traded parent, FamGuard. The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Family Guardian’s balance sheet strength, which A.M. Best categorizes as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).

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Prime Minister Dr Hubert Minnis delivered the keynote address at the opening of The Bahamas Institute of Chartered Accountants (BICA) Week 2018 under the theme ‘Effectively Transitioning in a Digital Environment: Staying Current on the Global Stage’ at Baha Mar Convention Centre November 12. 

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TheBahamasInvestor.com
Wednesday, November 14, 2018
Wednesday, November 14, 2018

PM highlights BICA's economic contribution

Pictured: Prime Minister Minnis (right) with BICA’s president Gowon Bowe during BICA Week 2018 at Baha Mar, November 12. (BIS Photos/Yontalay Bowe)

Prime Minister Dr Hubert Minnis delivered the keynote address at the opening of The Bahamas Institute of Chartered Accountants (BICA) Week 2018 under the theme ‘Effectively Transitioning in a Digital Environment: Staying Current on the Global Stage’ at Baha Mar Convention Centre November 12.

During his speech, the Prime Minister noted the long history of the profession, celebrating nearly 50 years.

“BICA members represent a significant movement in Bahamian entrepreneurship, moving from a profession that was predominantly represented by expatriates to a profession that is predominantly represented by Bahamians.”

“BICA has produced an impressive number of private business executives in The Bahamas, along with leaders in various public entities, including the Office of the Auditor General and the Public Treasury,” he said.

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Bahamas news round-up – audio

The Prime Minister address to The Bahamas Institute of Chartered Accountants and the Finance Minister’s meeting with the Organisation for Economic Co-operation and Development top the news in The Bahamas. Listen to an audio news round-up from Bahamas Information Services here. 

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Bahamas Information Services
Tuesday, November 13, 2018
Tuesday, November 13, 2018


PM to open Grand Bahama Tech Summit

Prime Minister Dr Hubert Minnis is expected to be the keynote speaker at the opening of the Second Annual Grand Bahama Technology Summit, November 14-16, 2018 at the Grand Lucayan. (Stock photo)

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TheBahamasInvestor.com
Tuesday, November 13, 2018
Tuesday, November 13, 2018

Prime Minister Dr Hubert Minnis is expected to be the keynote speaker at the opening of the Second Annual Grand Bahama Technology Summit, November 14-16, 2018 at the Grand Lucayan.

Speaking during the opening ceremony of a recent Blockchain and Crypto Currency Conference also held in Freeport, Prime Minister Minnis said: “Our government recognizes that in order for the economy to grow, we must diversify and create other opportunities for Bahamians to be successful.”

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