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News & Press - Apr 19/18

 

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Top regional hotel investment summit heads to The Bahamas

Atlantis Paradise Island will host the inaugural HVS Caribbean Hotel Investment Conference and Operations Summit (HVS CHICOS) in November this year. The event is expected to attract leaders in the tourism industry from all over the Caribbean region. 

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TheBahamasInvestor.com
Sunday, June 12, 2011
Sunday, June 12, 2011

Leaders in the Caribbean tourism industry are expected to converge on Atlantis Paradise Island in November for the inaugural HVS Caribbean Hotel Investment Conference and Operations Summit (HVS CHICOS), which will examine opportunities for growth within the market.

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New air service links Abaco with Palm Beach

American travel company IBC Travel launches regular service from Palm Beach to the Family Island of Abaco. The flight is in addition to routes already running between Fort Lauderdale and Bimini. 

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TheBahamasInvestor.com
Thursday, June 9, 2011
Thursday, June 9, 2011

US travel firm IBC Travel has launched a new service offering flights three times a week from Palm Beach International Airport to Abaco–providing a boost to the Family Island’s economy.

The service, which began on June 2, flies direct to Marsh Harbour on Tuesdays, Thursdays and Sundays. The new flights are welcome news for the Bahamas Ministry of Tourism and Aviation (MOTA), which is keen to promote the Family Islands as destinations in themselves, encouraging more visitors to travel widely within The Bahamas and expanding the focus outside of Nassau and Paradise Island.

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AIBT Nassau Conference agenda in full

The Association of International Banks and Trust Companies in The Bahamas (AIBT) will host The Nassau Conference at the Colonial Hilton Hotel next week on June 15. The high-level conference will offer topical insight on issues relating to the financial services and banking sectors of The Bahamas. 

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TheBahamasInvestor.com
Wednesday, June 8, 2011
Wednesday, June 8, 2011

The Association of International Banks and Trust Companies in The Bahamas (AIBT) is set to host The Nassau Conference on June 15.

This year, the banking organization has partnered with other industry associations such as The Society of Trust and Estate Practitioners (STEP), Bahamas Association of Compliance Officers (BACO) and The Bahamas Institute of Chartered Accounts (BICA).

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AIBT Nassau Conference to address key industry issues

The Association of International Banks and Trust Companies in The Bahamas (AIBT) will host The Nassau Conference at the Colonial Hilton Hotel on June 15. The industry event will deliver commentary and insight from leaders in the financial services and banking sectors under the theme Wealth Management–Navigating our Future. 

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TheBahamasInvestor.com
Thursday, June 2, 2011
Thursday, June 2, 2011

The Association of International Banks and Trust Companies in The Bahamas (AIBT) is set to host The Nassau Conference on June 15.

British Colonial HiltonPresenting an information-packed agenda, this year’s Nassau Conference will take place at the Colonial Hilton Hotel and will address topics pertinent to the financial services industry.

AIBT chairman David Thain“The conference is aimed at local professionals in financial services,” says David Thain, AIBT chairman. “The idea is to provide a low-cost, top-quality conference right here in Nassau. You get a day’s intensive immersion in the issues that are the most pressing for the industry in The Bahamas.”

This year, the banking organization has partnered with other industry associations such as The Society of Trust and Estate Practitioners (STEP), Bahamas Association of Compliance Officers (BACO) and The Bahamas Institute of Chartered Accounts (BICA).

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Central Bank releases April report

Central Bank has released its monthly report on economic and financial sector developments in The Bahamas. The Bank monitors these conditions as part of its monetary policy mandate, to assess whether money and credit trends are sustainable relative to levels of external reserves required to protect the value of the Bahamian dollar and, if not, the degree to which credit policies ought to be adjusted. Download the full report for April here. 

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Central Bank of The Bahamas
Wednesday, June 1, 2011
Wednesday, June 1, 2011

View or download the Monthly Economic and Financial Developments report for May.

Scotiabank’s outgoing MD reflects on career

Canadian bank's managing director in The Bahamas, Barry Malcolm, leaves his post today. In his last interview in office, the banker talks of his achievements at Scotia and his ventures for the future. 

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TheBahamasInvestor.com
Tuesday, May 31, 2011
Tuesday, May 31, 2011

For the past three years Barry Malcolm has been responsible for the strategic direction of Scotiabank’s operation within The Bahamas, providing oversight to the financial institution’s 700-plus employees, 22 branches, 57 ATMs and a full-range of retail, corporate and commercial banking services.

Today, his last in office, the managing director leaves the institution backed by a solid team of professionals capable of competing locally and abroad.

“I came into the bank at a very crucial time in its development,” he recalls. “It had gone through several years of very rapid and explosive sales growth, which was followed by a major economic downturn.”

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Local forensic accountant targets asset recovery

Asset recovery is the "endgame," in white collar crimes, according to John S Bain, managing director of John S Bain Chartered Forensic Accountants. Specializing in forensic and investigative reporting, fraud investigations, asset recovery, insolvency and bankruptcy proceedings, the Bahamian MD says there is a growing demand for his services. 

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TheBahamasInvestor.com
Monday, May 30, 2011
Monday, May 30, 2011

“About 93 per cent of the victims of white collar crimes–fraud, money laundering, electronic crimes, Ponzi schemes–never get their money back,” says John S Bain, managing director of John S Bain Chartered Forensic Accountants, a firm specializing in forensic and investigative reporting, fraud investigations, asset recovery, insolvency and bankruptcy proceedings.

A Ponzi scheme pays returns to old investors from money injected by new ones, rather than from any actual profit earned. Essentially, it takes from Peter to pay Paul. Consequently, the scheme’s investment fund lasts only as long as the flow of new money can sustain the high rates of return paid out to existing investors. When the numbers of new investors dwindle, the scheme collapses, just as Bernard Madoff’s $65-billion investment fund did in December 2008.
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New business body launched

The Bahamas Chamber of Commerce (BCC) and the Bahamas Employers Confederation (BECon) have joined forces. The new entity, called Bahamas Chamber of Commerce Employers Confederation (BCCEC), was officially launched May 24 at the Hilton hotel in Nassau. 

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TheBahamasInvestor.com
Thursday, May 26, 2011
Thursday, May 26, 2011

The Bahamas Chamber of Commerce (BCC) and the Bahamas Employers Confederation (BECon) have joined forces to create a new body charged with raising standards and identifying new business opportunities in the private sector.

The new Bahamas Chamber of Commerce Employers Confederation (BCCEC) is designed to deliver more services and provide greater value for member businesses. It will encompass ten divisions including Business Development, Education and Training, Small and Medium Enterprise (SME) and Trade and Commerce, among others.

“We went through a process to crystalize where we needed to be with both entities and we realised if we did not merge, we would not get the value we wanted,” explained BCC president Khaalis Rolle who is also the BCCEC’s first chairman.

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CFA Society of The Bahamas hosts Legg Mason Permal luncheon

A leading asset manager has suggested a diversified portfolio with the emphasis on low volatility is the best strategy given the current global economic environment. Speaking at a luncheon held by the Chartered Financial Analysts Society of The Bahamas in Nassau, Micheal Kearns, regional director, Americas, of global asset management company Permal said certain key factors will mean economic recovery will remain slow. 

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TheBahamasInvestor.com
Wednesday, May 25, 2011
Wednesday, May 25, 2011

Pointing to a stagnant housing market, lagging employment and the need for a weaker dollar, Micheal Kearns, regional director, Americas, of global asset management company Permal says that problems facing the US and world economy now may last for many years to come.

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International credit rating agency Standard & Poor's (S&P) has maintained The Bahamas’ credit rating of BBB+, with the same stable outlook. Credit Analyst Olga Kalinina has said that major fiscal issues are being addressed, and the tourism and other investment projects provide good prospects for maintaining a stable outlook. 

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TheBahamasInvestor.com
Tuesday, May 24, 2011
Tuesday, May 24, 2011

International credit rating agency Standard & Poor’s (S&P) has maintained The Bahamas’ credit rating of BBB+, with the same stable outlook.

Credit Analyst Olga Kalinina has said that major fiscal issues are being addressed, and the tourism and other investment projects provide good prospects for maintaining a stable outlook. For more on this story visit the Bahamas Financial Services Board (BFSB) website.

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