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Bahamas hosts Women’s Empowerment Summit 2011

Bermuda’s Premier and Minister of Finance Paula Cox was keynote speaker at the Women’s Empowerment Summit 2011, held at Atlantis Paradise Island last month. Cox was the recipient of the summit's RBC Regional Female Leadership Award. Pictured (l-r) Cox, and other award winners–director of the Young Bahamian Marine Scientist Nikita Shiel-Rolle and Bahamas Hotel Catering and Allied Workers Union president Nicole Martin. 

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TheBahamasInvestor.com
Monday, May 9, 2011
Monday, May 9, 2011

Those attending the Women’s Empowerment Summit 2011 held in Nassau at the end of last month were given a crash course on how to prepare for leadership by the recipient of the summit’s RBC Regional Female Leadership Award–Bermuda’s Premier and Minister of Finance, Paula Cox.

The Premier, who spoke on “Preparing to Lead,” said that smart women know that it is persistence and not perfection that is the hallmark of a great leader and that women must be determined to make progressive change occur in the coming years.

The “female factor,” she said, is critical in helping to build and strengthen nations.

Admitting that there remained “a long way to go,” Cox queried, “where are we on the continuum of progress? Is the glass half empty or is it half full?”

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SG Hambros MD calls for improved communications, skills

SG Hambros bank and trust company managing director Dorothy Hilton is calling for enhanced communications networks for the jurisdiction to remain competitive in an increasingly global arena. The bank MD also says that language skills should be developed. 

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TheBahamasInvestor.com
Friday, May 6, 2011
Friday, May 6, 2011

To compete in an era where financial services are provided on a global scale, The Bahamas must develop strong communications networks and enhance skills within the sector, according to SG Hambros managing director Dorothy Hilton.

“The financial industry is becoming more of a global industry than an industry by jurisdiction,” says Hilton. “The ongoing development of our air links and communications networks will be a key determinant in our success an an international finance centre going forward.

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Event highlights investment opportunities in Caribbean tourism

Tourism industry leaders from throughout the Caribbean region are set to meet in New York in June to discuss new opportunities within the sector and potential avenues of investment. High profile speakers from Goldman, Sachs & Co, and the Brilla Group will address attendees. 

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TheBahamasInvestor.com
Tuesday, May 3, 2011
Tuesday, May 3, 2011

Tourism industry leaders from throughout the Caribbean region are set to meet in June to discuss new opportunities within the sector and potential avenues of investment.

The Invest Caribbean 2011 Power Breakfast, which takes place in New York on June 9, is jointly hosted by the Caribbean Tourism Organization (CTO), the Caribbean American Chamber of Commerce and Industry (CAACI) and media group Hard Beat Communications. 

The Bahamas is a member of CTO.

High profile speakers such as W. Dave Dowrich, vice president of investment banking at Goldman, Sachs & Co, and founder of the Brilla Group David Brillembourg will address attendees on investment opportunities in the region. “The Caribbean Tourism Organization is proud to team up with Hard Beat and CAACI to present this event since, in these tough economic times, investment in the Caribbean is critical and the CTO believes strongly in continuing to boost the tourism sector of this vibrant region by presenting investment opportunities for its members,” said director of CTO-USA Sylma Brown Bramble.

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Agriculture key to Grand Bahama growth

Inter-American Institute for Cooperation on Agriculture representative calls for a combined effort in developing agriculture in The Bahamas. Grand Bahama offers perfect opportunity for growth in the sector. 

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TheBahamasInvestor.com
Sunday, May 1, 2011
Sunday, May 1, 2011

Agriculture could deliver a much-needed boost to Grand Bahama’s economy, according to the Inter-American Institute for Cooperation on Agriculture (IICA).

Against a backdrop of rising food prices, it is crucial that The Bahamas’ increases agricultural production, improves on self-sufficiency and enhances its competitiveness in the export market, according to IICA representative Dr Marikis Alvarez.

Agriculture accounts for just two per cent of The Bahamas’ $7.4 billion gross domestic product and, from 1997 to 2007, the country doubled its spending on vegetable imports to reach a total of $100 million.

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Cruise ship makeover brings boost to Grand Bahama

The Grand Princess is undergoing an overhaul at Grand Bahama Shipyard before relaunch next month. The ship's multi-million dollar refit includes several new restaurants and a new nightclub. Pictured is another vessel undergoing dry dock procedures at the shipyard. 

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TheBahamasInvestor.com
Friday, April 29, 2011
Friday, April 29, 2011

One of the region’s longest serving cruise ships, The Grand Princess, is providing a financial boost not only to the Bahamian tourism industry, but also the economy of Grand Bahama as it undergoes extensive refitting work at Freeport Shipyard’s dry dock.

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SG Hambros celebrates 75 years

Bank and trust company SG Hambros has been doing business in the jurisdiction for 75 years this year, according to managing director Dorothy Hilton. The MD says 2010 was a strong year and she remains optimistic about 2011. 

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TheBahamasInvestor.com
Wednesday, April 27, 2011
Wednesday, April 27, 2011

Bank and trust company SG Hambros is celebrating 75 years in The Bahamas this year and enjoying a healthy portfolio despite the recent downturn.

“We have had a strong 2010 and, if the start of the year is any indication, we are going to have a positive 2011,” says the group’s managing director Dorothy Hilton. “The origins of our bank and trust company in The Bahamas date back to 1936 and we celebrate our 75th anniversary this year. Quite a legacy to live up to!” 

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COB: A destination for education

Speaking at her College of The Bahamas Investiture Service held at the school’s Performing Arts Centre earlier this month, Dr Betsy Vogel Boze has pledged to make the tertiary institution “a fully accredited, residential, multi-campus university providing access and academic success for all Bahamians.” 

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TheBahamasInvestor.com
Thursday, April 21, 2011
Thursday, April 21, 2011

The College of The Bahamas’ (COB) fifth president, Dr Betsy Vogel Boze has pledged to make the tertiary institution “a fully accredited, residential, multi-campus university providing access and academic success for all Bahamians.”

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Government amends National Investment Policy

Prime Minister Hubert Ingraham announced yesterday in parliament changes to the National Investment Policy, including raising the minimum dollar requirement for foreign direct investment (FDI) in a commercial undertaking and removal of the restriction prohibiting international investment in restaurants and/or entertainment facilities. 

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TheBahamasInvestor.com
Tuesday, April 19, 2011
Tuesday, April 19, 2011

The Bahamas government has amended the National Investment Policy, doubling the $250,000 minimum investment threshold and removing the restriction on investing in restaurants or entertainment facilities.

In announcing the changes, Prime Minister Hubert Ingraham told parliament: “Every effort has been made to ensure that the Investment Policy is expressed in as apolitical a way as possible, taking into account the reality that our investment policies generally reflect the time honoured acceptance that the Bahamian economy is primarily driven by the tourism and financial services sectors, areas overwhelmingly involving international participation and investment.”

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Bahamas meets OECD peer review requirements

The Phase 1 Peer Review Report of The Bahamas has determined that The Bahamas has the necessary legal and regulatory framework in place to ensure the availability of ownership, identity and banking information; along with the requisite access to that information by The Bahamas’ Competent Authority. The Report also determined that The Bahamas has adequate mechanisms in place to allow for exchange of information with relevant partners. Download the government press release here. 

BFSB, government Canadian trade mission hailed as success

A Bahamian public-private delegation visited Toronto and Calgary in March to promote business opportunities with Canada. Bahamas Financial Services Board's (BFSB) "Bahamas Landfall" workshops were organized to coincide with a trade and investment mission led by Prime Minister Hubert Ingraham. 

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TheBahamasInvestor.com
Friday, April 15, 2011
Friday, April 15, 2011

More than 125 financial and business professionals from Toronto and Calgary attended the Bahamas Financial Services Board’s (BFSB) “The Bahamas Landfall: Rediscovering The Bahamas” events held in Canada at the end of last month.

“The twenty two individuals representing various Bahamian financial and business firms who participated in the Bahamas Landfall workshops had a unique opportunity for personal interaction with Canadian business colleagues,” says Wendy Warren, chief executive officer and executive director at BFSB. “These types of interactions are critical from a business development perspective.”

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