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News & Press - Nov 19/18

 

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Top financial analysts debate the current geo-political climate in regards to investing and wealth management at an economic summit held in Atlantis Paradise Island. The three-day conference runs until February 19. 

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TheBahamasInvestor.com
Thursday, February 17, 2011
Thursday, February 17, 2011

Addressing the theme of “Crisis and Opportunity in the Global Economy” at the 2011 FreedomFest Economic Summit, a panel of top financial analysts and economists discussed the current geo-political climate in terms of investment and wealth management.

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Atlantis hosts FreedomFest Economic Summit 2011

Financial gurus, economic analysts, brokers and investors gather on Paradise Island this week to debate the world's economic outlook and investment climate. Renowned wealth and asset managers, and financial commentators, including Mark Skousen, Peter Schiff and Forbes columnist Ken Fisher, discuss the investment strategies in a new economic era. 

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TheBahamasInvestor.com
Thursday, February 17, 2011
Thursday, February 17, 2011

Established by financial economist Mark Skousen as an alternative to the Davos G20 economic summit, FreedomFest gathers together some of the top free market experts once a year to discuss economic trends and investment strategies.

In his opening keynote address, Skousen spoke about forecasts and strategies for 2011 and how the financial crisis creates danger and opportunities in an investment portfolio. Specifically, the economist drew attention to growth in emerging markets, particularly China.

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Leading lawyer calls for more crossover with financial sector

Leading local lawyer urges the creation of a specialized legal system in regards to financial services, so as to remain ahead of the competition. Although local pool of legal talent is well developed, opportunities still lie in diversification and international exchange. 

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TheBahamasInvestor.com
Tuesday, February 15, 2011
Tuesday, February 15, 2011

The Bahamas could position itself as a leader in private wealth management by introducing a more specialized legal system, according to one of the country’s top lawyers.

Heather Thompson, partner at Nassau law firm Higgs & Johnson, says there is a need for separate courts to handle cases concerning private wealth management and commercial law, as these would allow legal professionals to gain experience in the field.

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The Bahamas government signs a Tax Information Exchange Agreement (TIEA) with India in Nassau. This brings the total number of TIEAs signed to 24, the third with a major Asian economy, following agreements with China and Japan. 

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TheBahamasInvestor.com
Monday, February 14, 2011
Monday, February 14, 2011

At a ceremony in Nassau February 11, the government of The Bahamas and the government of India signed a Tax Information Exchange Agreement bringing the total number of such agreements held by The Bahamas to 24, ten of which are with G20 member nations.

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The Bahamas now has ten Tax Information Exchange Agreements (TIEAs) in force, with a further 13 that have been signed but not yet in effect. The information exchange treaties are part of government efforts to comply with international standards stipulated by the G20 and Organisation of Economic Co-operation and Development (OECD) member countries. 

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TheBahamasInvestor.com
Monday, February 14, 2011
Monday, February 14, 2011

Below is an update on the Tax Information Exchange Agreements (TIEAs) signed by The Bahamas, compiled by the Bahamas Financial Services Board (BFSB).

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Freeport government complex construction progresses

New government office buildings on schedule to be completed by summer this year. The $19-million administration complex in the centre of Freeport will house a variety of government departments. 

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TheBahamasInvestor.com
Friday, February 11, 2011
Friday, February 11, 2011

The $19-million government complex in Freeport, Grand Bahama, is well into the construction phase, with the majority of the office building nearing completion. The 65,000 sq ft facility will house various government departments and is scheduled for completion by August 2011.

The construction is being carried out by FES Construction Co Ltd.

“The complex will create 250 new jobs in the construction sector all told and spin-off effects for the wider community,” according to Minister of State for Finance in the Ministry of Finance Zhivargo Laing.

It is hoped that the new buildings will help shift some of the government’s administrative duties to the nation’s second city.

“At the moment the government has a kind of branch mentality when it comes to Freeport and Grand Bahama,” says K Peter Turnquest, president of the Grand Bahama Chamber of Commerce. “We are hopeful this will help change that, but there are practical considerations. What we need is true local government.”

Freeport Government complex

Atlantis to play host to nineteenth World Conference of Banking Institutes

On 20-23 March this year the Bahamas Institute of Financial Services (BIFS) will host the high-profile international forum bringing together leading professionals in the finance sector to discuss the way forward for the financial services industry. This will be only the second time the region has hosted the event. 

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TheBahamasInvestor.com
Thursday, February 10, 2011
Thursday, February 10, 2011

The Bahamas Institute of Financial Services (BIFS), along with other participating organizations, have been working hard behind the scenes to put together one of the banking industry’s largest forums.

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PM highlights nation’s maritime pedigree at BIMCATS

Third annual Bahamas International Maritime Conference and Trade Show (BIMCATS) held in Grand Bahama last week, attracted a large turnout of international and local maritime industry players. The three-day event focused on training and career development for seafarers. 

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TheBahamasInvestor.com
Wednesday, February 9, 2011
Wednesday, February 9, 2011

Addressing the third annual Bahamas International Maritime Conference and Trade Show (BIMCATS) held in Freeport, Grand Bahama, last week, Prime Minister Hubert Ingraham reiterated the nation’s commitment to the maritime industry and highlighted the sector’s contribution to the island nation’s economy.

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Office of the Attorney General releases 2010 report

First ever comprehensive report highlights achievements, focus for 2011. 

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TheBahamasInvestor.com
Tuesday, February 1, 2011
Tuesday, February 1, 2011

In-line with its commitment to transparency and accountability in the exercise of its functions, the Office of the Attorney General (OAG) released Report 2010 at the beginning of this year. The document outlines the role of Attorney General and Minister of Legal Affairs and his team in the nation’s justice system, and their achievements over the last year, as well as their goals for 2011.

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Bahamas signs TIEA with Japan

Deputy Prime Minister and Japanese Ambassador sign Tax Information Exchange Agreement in Nassau last week, bringing the total number of TIEAs inked by the Bahamian government to 23. This is the second agreement finalized with a major Asian economy, following one with China. 

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TheBahamasInvestor.com
Tuesday, February 1, 2011
Tuesday, February 1, 2011

Vastly outstripping the number of Tax Information Exchange Agreements (TIEAs) required by Organisation for Economic Co-operation and Development (OECD) member nations, The Bahamas last week officially concluded a tax treaty with Japan.

The requisite number of TIEAs stipulated by the OECD for international tax compliance is 12. The Bahamas has now signed TIEAs with 17 OECD members and nine members of the G-20.

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