The Bahamas Investor

...and local managing director at BACO) designations. “Being qualified in the financial services industry is somewhat challenging, as one constantly has to stay on top of the changing environment,” says Russell. Discovering a passion for trust management, Russell’s career saw her take roles at several top international companies, including renowned institutions such as Chase Manhattan Trust, and Mossack Fonseca, culminating with her engagement at Cre......

...the government should help foster companies that could provide maintenance services for megayachts and allow specialized mechanics to have a base here. “At the moment people come over here to play, but they go back to Florida to get the boats taken care of. Big yachts always have a work list and The Bahamas is missing a trick not providing better support for them.” Now is a particularly good time to appeal to the boating fraternity, especially the......

...COS (Chip Operating System) based security technologies and applications. For more information about FEITIAN visit ftsafe.com. About Cloud Carib Cloud Carib, a Citrix-certified and VMware-certified Enterprise partner in The Bahamas, offers a range of world-class cloud computing and IT solutions, with a core focus on infrastructure and application virtualization. Headquartered in Nassau and servicing the Caribbean region, Cloud Carib enables huge......

...epartments, more than ever, desire good service and trusted representation for their passengers on arrival. Through its handling services, Odyssey Aviation Governor’s Harbour and Odyssey Aviation Rock Sound bring what no one else has to this market–reliability, consistency and a high level of safety and quality service.” Eleuthera is 60 miles east of Nassau and is best known for its tiny coastal islands and secluded beaches, the most famous being......

...al Investment Policy in this month, raising the minimum dollar requirement for foreign direct investment (FDI) in a commercial undertaking and removing the restriction prohibiting international investment in restaurants and/or entertainment facilities. The headline stealer for the month, however, was the sale of controlling shares in the Bahamas Telecommunications Co to Cable & Wireless Communications Plc (CWC). The global telecommunications compa......

...o establish The Bahamas as a commercial arbitration hub,” said Minister of Financial Services Hope Strachan, speaking at the 4th Annual Arbitration and Investment Summit held at the College of The Bahamas last week. “These are exciting times. We have taken the bull by the horns and are now actively engaged with the private sector. This is a long time dream of many professionals [and] we are moving strategically to build an industry of which we can......

...ww.bahamas.gov.bs) this month, offering a new user interface with enhanced services for investors and the local community. US airline operator Vision Airlines agreed to run services between several US cities and Grand Bahama. The budget flights started in November. August Following on from S&P’s credit rating earlier in the year, the International Money Fund (IMF) remained optimistic through August on the Bahamian economic outlook despite the glob......

...ember After two months of searching, the board of directors of the Bahamas Financial Services Board (BFSB) named Aliya Allen as the new chief executive officer and executive director, effective January 1, 2012. This month was also designated as Caribbean Tourism Month and an awareness campaign was run throughout the region. As visitors enjoyed the sunny high season, behind the scenes things were moving apace in the tourism sector. Baha Mar marked......

...this success and building on our existing relationships to bring more air services to Dallas/Fort Worth International. The arrival of new operators such as Emirates Airline and Qantas will help us position ourselves as a worldwide gateway.” This is Dallas/Fort Worth International’s second success in the Routes Airport Marketing Awards in the space of two years and Luis Perez says this highlights that the airport’s customer service approach and re......

...epartments, more than ever, desire good service and trusted representation for their passengers on arrival. Through its handling services, Odyssey Aviation Governor’s Harbour (MYEM) and Odyssey Aviation Rock Sound (MYER) bring what no one else has to this market–reliability, consistency and a high level of safety and quality service.” Eleuthera is 60 miles east of Nassau and is best known for its tiny coastal islands and secluded beaches, the most......

...gross profit of approximately $0.7 million in 2010. The lower gross profit for 2011 in the services segment stems primarily from the decrease in revenues discussed above. General and administrative expenses increased 21% to $13,651,650 in 2011, versus $11,329,648 in 2010, primarily due to (i) approximately $1,286,000 of incremental expenses related to the project development activities of the Company’s consolidated Mexico affiliate and (ii) approx......

...e CRA’s premises to inquire on the status of their accounts, make requests for services, register, or to pay their obligations. These services will all be provided online. Data Torque, a New Zealand based firm, has provided complete IT solutions for tax administration in a number of small countries in the Pacific and Africa including the Solomon Islands, the Cook Islands, Samoa, Vanuatu and Swaziland. The company also has experience as a solutions......

...abin cleaning, customs approvals, and third-party invoice reconciliations. For more information please visit www.thefuelstream.com. Safe Harbor and Forward-Looking Statements This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actua......

...Maynard, former Member of Parliament for the Golden Isle Constituency and former Minister of Youth Sports and Culture. Charlie Maynard represented the youthful and dedicated energy that has made the Free National Movement a wonderful reflection of the Bahamian spirit. Even as I salute the FNM, I also salute Charlie, and I acknowledge with deep gratitude all that he did for our party, my Government and our country. It should not be lost on any of......

...ey does not currently possess.” KRyS Global’s expertise is in the offshore financial services industry and the firm has played a pivotal role in a number of large, high-profile cases in the Caribbean in the last five years. The Guernsey office will be led by Timothy Le Cornu (pictured-left), who has been a director in KRyS Global’s Cayman Islands’ office since 2008 and has more than 17 years experience in investigating fraud and collecting assets,......