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The Bahamas Investor – January 2011 Press release

The January issue of The Bahamas Investor, now in its fifth year, celebrates the cadre of local talent that the jurisdiction has available to investors. From SMART Funds to banking innovations, it is home-grown professionals that have been coming up with new ways to aid investment. 

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TheBahamasInvestor.com
Wednesday, June 22, 2011
Wednesday, June 22, 2011

January 2011 Bahamas Investor focuses on local talent pool

The new issue of The Bahamas Investor, now in its fifth year, published January 1, 2011, highlights the local, home-grown talent that is having an impact on the financial services industry in The Bahamas.

Paul McWeeney, managing director of The Bank of The Bahamas International, takes centre stage in this issue’s Executive Focus feature. During his ten-year tenure as chief of one of the country’s premier commercial banks, he has expanded the bank’s capital reserves from $18 million to $120 million.

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Leading Bahamian lawyer calls for a ministry of financial services – audio

Speaking at the Nassau Conference last week, Brian Moree, senior partner with Mckinney, Bancroft & Hughes, said that The Bahamas was in need of a ministry solely dedicated to financial services. The leading lawyer also advocated a single regulatory body to oversee the entire sector. 

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TheBahamasInvestor.com
Tuesday, June 21, 2011
Tuesday, June 21, 2011

Brian Moree senior partner with Mckinney, Bancroft & Hughes, has said that the financial services sector needs to consolidate the jurisdiction’s regulatory bodies in to one umbrella organization and also called for the government to establish a ministry of financial services.

“We are going to have to address regulatory reform and I would hope that within five years we would have a single regulator within the financial services industry. We need to complete the consolidation.”

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BTC to cut rates, improve broadband services

New CEO of BTC says that network developments will place The Bahamas in pole position in the region in terms of telecommunications. Along with increased services and Internet speeds, the recently privatized company aims to slash costs and establish retail outlets in the jurisdiction. 

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TheBahamasInvestor.com
Wednesday, June 15, 2011
Wednesday, June 15, 2011

Two months after its $210-million sale to global communications firm Cable & Wireless Communications (CWC) Plc, the Bahamas Telecommunications Co (BTC) has laid out its plans to take the company forward–promising faster broadband services, a cutting-edge mobile network, reduced rates and improved customer service.

BTC has invested $43 million in a new 4G mobile network service, which will allow customers to access the internet from their cell phones or laptops anywhere there is a cell signal. This new service will be available in New Providence and Grand Bahama by the end of this year with the rest of The Bahamas receiving it within 18 months.

Chief executive officer Geoff Houston, who took the helm of BTC two months ago, believes that the new technology will “catapult The Bahamas into the number one spot, enjoying the fastest mobile network in the region.”

Internet speeds will also increase over the coming year thanks to BTC’s Next Generation Network, which is currently being tested in Coral Harbour. “We are getting high speed broadband to market as fast as we can,” says Houston.

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Leaders in financial services attend Nassau Conference

Around 200 delegates converged on the Colonial Hilton Hotel in downtown Nassau yesterday to discuss issues key to the further development of the financial services sector in The Bahamas. Addresses covered a diverse range of topics including emerging markets in Latin America and the application of SMART Funds in wealth management. 

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TheBahamasInvestor.com
Tuesday, June 14, 2011
Tuesday, June 14, 2011

Around 200 representatives of the Bahamas’ financial services industry attended the one-day Nassau Conference held at the Colonial Hilton Hotel yesterday.

The conference addressed topics important to the sector under the theme Navigating our Future.

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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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