The Bahamas Investor

...t the AGM, the outgoing Excom have been privileged to have served over the past year and it goes without saying that none of it would have been possible without the dedication and drive of the Excom,” says immediate past president Kesna Pinder. “We are thrilled with the passing of the baton to the incoming team whom we are confident will exceed and go further than we did.” From left: Mildred Johnson, Rochelle Cleare, Marsha Ferguson, Jennifer Rahm......

...Three employees at the Nassau Airport Development Co (......

...diversifying the economy. It can cause harm to established businesses,” he said. Instead, he advocated extending the reach of existing lineages of the economy, such as tourism and financial services. “The US accounts for most of our tourism, but there is tremendous potential in other markets.” hcutting@dupuch.com......

...offshore drilling units. The company last month reported contract drilling services revenues for the first quarter of 2012 were $746 million versus $720 million for the fourth quarter of 2011 and $543 million in the first quarter of 2011. Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly creat......

...that the country has relied on the two pillars of its economy–tourism and financial services–to the detriment of entrepreneurs, and this has hindered growth and innovation. “Financial services and tourism have been a blessing to The Bahamas, but they have also been a curse. We pushed people into those industries. We are not training our kids in schools with the mindset of ‘I am going to go create jobs,'” he said. “That is a very significant cultu......

...ecutive Entities Act, Paul Winder (above – right), chairman of the Bahamas Financial Services Board (BFSB), said: “The Bahamas has led the way in providing innovative legislation to support leading service providers in the global estate and inheritance planning industry. We were pleased to draw on the wealth of expertise offered by industry specialists in drawing up the new bill and believe it will offer an important new capability as part of the......

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...s to the government,” says Delaney in the introduction.......

.... “The Bahamian economy is based on two pillars: tourism and international financial services, both of which are aviation intensive,” said IDB team leader Esteban Diez Roux. “The program will promote the development of safe and efficient air transport in the country following international standards. The air transport is crucial to ensure mobility and transport of goods, services and people in the country, as well as to integrate The Bahamas withi......

...omers.” In addition to the new retail units, BTC is introducing a range of services over the coming months to improve connectivity in The Bahamas. The company will launch its new $42.8-million 4G network in New Providence at Christmas this year, with the Family Islands coming on stream over the next 18 months. “We want to give the best technology and the best range of services we can to The Bahamas. We want to bring The Bahamas up to where it need......

...ch for a new chief executive officer and executive director of the Bahamas Financial Services Board (BFSB)–a multidisciplinary body at the forefront of the jurisdiction’s financial services sector. “I cannot make any comments while we’re going through the process. Suffice to say there’s been a very positive response,”?says BFSB chairman Paul Winder, who heads the five-person interview committee. Other committee members include Deborah Fraser, dire......

...markets in Latin America. The LATAM market represents a golden opportunity for financial services providers to tap into a rapidly growing demographic of high-net-worth individuals looking for wealth management in an offshore environment. With a population of 190 million, the potential cash cow of course is Brazil, but other nations too, such as Peru, Chile, Argentina and Colombia have swelling ranks of wealthy investors. A more established market......

...llective. It was designed primarily for the Brazilian market and is a key part of The Bahamas’ efforts to make inroads into the niche fund market in Latin America. In presenting the ICON bill to the House of Assembly earlier this year, Minister of Financial Services Ryan Pinder said: “The ICON is another example of The Bahamas’ never-ending commitment to be first in class in the provision of market responsive regulated and sophisticated products.......

...builds trust and confidence.” Pictured: (from left) Joe Ziolkowski (Long Cay Captive Management), Janelle Sands (BFSB), Jamell Bodie (ICB), Sinead Bethel (ICB), Ryan Pinder (Graham Thompson) and Rosalyn Brown (Cotswold Financial Services). cmorris@dupuch.com......

...t July 2015. The forum was also attended by Minister of Financial Services Ryan Pinder and Yuan Guisen, ambassador of the People’s Republic of China to The Commonwealth of The Bahamas, as well as members of the Bahamas Investment Authority . The CCPIT promotes China’s international business interests by developing cooperation and exchanges with other countries. The Sino Americas Summit is a by invitation event, scheduled for July 2015. The summit......