The Bahamas Financial Services Board (BFSB) conducted its 2012 annual general meeting last week, electing a new board of directors for the 2012-2014 term.

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Ryan Pinder, Minister of Financial Services, September 27 participated in a panel discussion at the STEP LATAM Conference in Panama City, Panama, hosted by the Society of Trust and Estate Practitioners (STEP) where the topic for discussion was “Latin America and IFCs: partners in a transparent world.”

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Prime Minister Perry Christie urged the private and public sector to embrace a solid framework for economic development at a meeting of industry leaders and policy makers last week. Watch the Prime Minister’s address here.
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Mr. President,
I congratulate you on the assumption of your duties to preside over the work of this august Body during its Sixty-Seventh Session and assure you of my Delegation’s support and cooperation throughout. I also commend your predecessor, H.E. Mr. Nassir Abdulaziz AI-Nasser for his stewardship of the previous Session of the General Assembly.

Mr. President,
The Bahamas commends the United Nations for the convening and outcome of the High-level Meeting on the Rule of Law at the National and International Levels last Monday. The Bahamas has committed itself to the principle of the Rule of Law and to ensuring good governance for the benefit of the entire populace of The Bahamas. The Bahamas is committed also to adhering to the rule at law at the international level and to upholding the principles of the Charter of this organization.

This is an excerpt from United Nations as it appeared on October 1, 2012. For updates or to read the current version of this post in its entirety, please click here.

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Tourism Minister Obie Wilchcombe says Nassau is set to become a hub for regional travel with national carrier Bahamasair playing an important role. Watch a ZNS news report here.
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OLDWICK, NJ–(BUSINESS WIRE) — A.M. Best Co. has affirmed the financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of Colonial Group International Limited (Colonial Group). The outlook for all ratings is stable. Colonial Group is a wholly owned intermediate holding company of Edmund Gibbons Limited, the ultimate parent company. All companies are domiciled in Bermuda, unless otherwise specified. (See below for a detailed listing of the companies.)

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The government held political consultations with a cross-section of stakeholders during the inaugural Bahamas Economic Recovery Strategy Meeting September 27.

Minister of Investment Khaalis Rolle said that he saw the talks as crucial to the nation’s economic recovery and to help secure much needed jobs.

“For too long we’ve done things in a way that wasn’t consistent with true private/public sector partnership and today we’re going to begin that dialogue,” he said.

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Rafael Puebla, chief marketing strategist with MasterCard Caribbean, says that the reason why Nassau has been chosen to be part of the company’s Priceless CIty marketing campaign is because of the large volume of tourists that visit the city every year. Watch an interview with Peubla here.

Bahamas Petroleum (LON:BPC) Out of its Hands: All that the Company can do, it has done, or is in the process of doing. That a referendum will be held by the Bahamian Government largely leaves its future in the hands of the people of the Bahamas, so it is only right that the Company now spend its time, effort and funds on supporting a “Yes” campaign. If they are successful, then the farm-outs can proceed with vigour, which will be necessary, as the wells will be up to 22,500ft deep means that it could be a 300 day well (assuming 25m per day drill speed) and the cost will be north of $100mm (Drillship up to 4,000ft @~$200m/day). In this news:

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This is an excerpt from proactiveinvestors.co.uk as it appeared on September 27, 2012. For updates or to read the current version of this post in its entirety, please click here.

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The Bahamas’ capital has been included on list of major tourist destinations that are part of MasterCard’s Priceless City marketing campaign. The promotional initiative offers MasterCard holders valued added benefits for goods and services.