One of the region’s largest hospitality industry events is kicking off this month. Caribbean Hotel and Tourism Investment Conference (CHTIC) is scheduled for April 24-26 at the Sheraton Puerto Rico Hotel & Casino in San Juan, Puerto Rico.

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The $10-million initial public offering (IPO) launched by Arawak Port Development Ltd (APD) was oversubscribed by $34 million and attracted over 11,000 Bahamian investors from throughout the archipelago, according to the company’s chief executive officer Mike Maura Jr (pictured).

“APD Ltd is proud to say that it has the largest number of Bahamian investors of any publicly traded company in The Bahamas,” he says.

In December, APD announced that 20 per cent of the company’s shares, around $8 million in equity, would be made available to local investors, with the government and Arawak Cay Port Development Holdings each retaining 40 per cent ownership.

APD was formed in 2009 to facilitate the relocation of the Nassau Port to a new 56-acre site at Arawak Cay and construct the Gladstone Freight Terminal.

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The next few months sees a busy period for international business and finance conferences, including some of the largest investment events of the year.

Representatives from The Bahamas’ financial services sector will travel far and wide to promote the jurisdiction. Some of the key events coming up include:

RIMS – the Risk Management Society
Date: April 15-18
Venue: Pennsylvania Convention Center, Philadelphia

Brasil Investment Summit
Date: April 24– 27
Venue: Hotel Unique, Sao Paulo, Brasil

STEP Caribbean Conference
Date: May 14-16
Venue: Ritz-Carlton Grand Cayman, Cayman Islands

STEP Canada 14th Annual National Conference
Date: June 11-12
Venue: Metro Toronto Convention Centre, South Building

US Latin American Tax Planning Strategies Conference
Date: June 13-15
Venue: Mandarin Oriental, Miami, Florida

The 26th Annual Transcontinental Trusts 2011
Date: June 20-21
Venue: Grand Hotel Kempinski, Geneva

PARADISE ISLAND, Bahamas, March 27, 2012 /PRNewswire/ – The Reef Residences at Atlantis climbed the ranks to become one of the top real estate sales producers in the Bahamas for 2011. Residential property sales exceeded $40 million in the past six months alone, with the luxury resort’s residences posting record sales since September.

(Photo: http://photos.prnewswire.com/prnh/20120327/LA77867)
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The agreement gives U-Go Stations Cayman the exclusive AMP retail and fleet distribution rights in the Cayman Islands, Jamaica, St John, St Thomas, St Kitt, Bermuda, The Bahamas and Barbados.

Cincinnati, OH (PRWEB) March 07, 2012 – AMP Electric Vehicles (OTCBB and OTCQB: AMPD), an electric vehicle company specializing in truck conversions, signed a memorandum of understanding (MOU) last month with U-Go Stations Cayman LTD. to distribute all-electric SUVs to the Caribbean Islands. U-Go Stations Cayman will become AMP’s second international distributor.

In early January of 2012 at North American Auto Show AMP announced its first U.S. dealership, AMP of Cincinnati.

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With gold more than $250 off its August 2011 peak, today’s chart provides some long-term perspective in regards to the gold market. Today’s chart provides an illustration of the bull market in gold that began back in 2001. As today’s chart illustrates, the pace of the 11-year bull market has increased over time. However, over the past seven months the price of an ounce of the shiny metal has declined more than at any point since 2008. This latest pullback has brought gold down to support (green line) for a second test of its three-year accelerated trend channel. So while the upward trend in gold is still intact, the accelerated trend is once again being tested.

This is an excerpt from Chart of the Day as it appeared on March 28, 2012. For updates or to read the current version of this post in its entirety, please click here.

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A Chinese delegation led by Feng Guoqin, President of Shanghai Public Diplomacy Association and Chairman of Chinese People’s Political Consultative Conference Shanghai Committee, paid a courtesy call on Governor General Sir Arthur Foulkes and Lady Foulkes March 23 at Government House.

Governor General Sir Arthur Foulkes (right) welcomes Feng Guoqin, President of Shanghai Public Diplomacy Association and Chairman of Chinese People’s Political Consultative Conference Shanghai Committee, and a delegation of Chinese People’s Political Consultative Conference Shanghai Committee, for a courtesy call at Government House March 23. At centre is Hu Shan, People’s Republic of China Ambassador to The Bahamas. (BIS Photo / Derek Smith)

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POMPEY, France & SHANGHAI, Mar 27, 2012 (BUSINESS WIRE) – Novasep, a leading supplier of manufacturing solutions to the life sciences industries, today announces the opening of a new 2,000 m2 facility in Shanghai Pudong district, China. The site will boost Novasep’s process development and engineering capabilities to cater for ever-increasing Chinese and East Asian demand. These facilities will also add to Novasep’s existing 12 global synthesis and process sites in France, US, Germany, Belgium and the Bahamas.

Novasep launched its previous facilities in Shanghai in 2006, and quickly outgrew the site whilst the company doubled its staff to almost 50 employees between 2010 and 2012. The new 2,000 m2 expanded facilities includes 800 m2 dedicated to innovation and process development trough new laboratory, piloting and FAT testing areas.

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

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Officials of UBS call on Prime Minister Hubert Ingraham March 22 at the Office of the Prime Minister, Sir Cecil Wallace Whitfield Centre. Pictured from left to right: managing director and chief executive officer at UBS (Bahamas) Ltd Beat Paoletto; UBS wealth management head Juerg Zeltner; Prime Minister Ingraham; and head of Latin America and Caribbean, Gabriel Castello. (BIS Photo/Peter Ramsay)