Wednesday, January 16, 2013
Wednesday, January 16, 2013
Packed with insightful commentary and exclusive interviews, The Bahamas Investor is a vital publication for promoting The Bahamas as a key international financial centre. Building on the reputation of the prestigious Bahamas Handbook, the supplementary magazine is a valuable aid for investment, estate and tax planning professionals around the world.
Like many nations in the wake of the global financial meltdown, The Bahamas is facing economic challenges and the January-July issue of the magazine features the core team of policy makers that is charged with steering the economy to greater prosperity.
Heading the Ministry of Finance is the Minister of State for Finance Michael Halkitis. A chartered financial analyst, Halkitis has considerable political experience having served as parliamentary secretary in the Ministry of Finance during Prime Minister Perry Christie’s first administration, 2002 to 2007. The fiscal situation Halkitis has inherited is complex and the Minister includes closing tax loop holes and properly administering government’s revenues as central to his strategy.
Charged with spearheading the financial services sector is Ryan Pinder. A tax lawyer, with a media-savvy approach to promotion, the new Minister of Financial Services believes the Ministry’s actions “can go a long way in redefining the economic model and development of this country,” adding: “We believe that we can provide the future of economic expansion in The Bahamas.”
A major part of that expansion involves investment–be it foreign direct investment or local. The politician whose job it is to develop that portfolio is Minister of State for Investments Khaalis Rolle. Rolle has oversight of the Bahamas Investment Authority (BIA), which facilitates every investment coming into The Bahamas with a foreign component. His message is simple: “You are not going to be an attractive investment destination if people don’t know about you. Our goal is to be as ubiquitous as possible. The Bahamas will be here, there and everywhere.”
The new The Bahamas Investor also features the largest single investment project the region has ever seen–the $3.5-billion, 400-hectare Baha Mar mega resort project on Cable Beach, scheduled to open December 2014. In an exclusive question and answer session, Baha Mar president Tom Dunlap addresses the challenges and opportunities arising from overseeing a project of this scale.
The Bahamas is celebrating 40 years of independence this year and a lead feature in this issue looks at the milestones the nation has reached since it gained sovereignty July 10, 1973. The achievements of the nascent jurisdiction are not to be underestimated. As Sir Baltron Bethel, senior policy advisor in the Office of the Prime Minister, notes in the article: “We’ve moved in 40 years from being a colony to being an independent nation that is a part of the international community.”
Other stories in this issue cover the real world applications of some of the country’s most innovative products–including the recently introduced Bahamas Executive Entity and the entirely unique SMART Funds–and how Bahamian financial services sector professionals are looking to promote them in markets as diverse as Latin America, Asia and Europe.
Armed with timely and stimulating editorial that reaches a worldwide readership of high-net-worth individuals and financial services intermediaries, The Bahamas Investor is an essential tool in the promotion and continued success of The Bahamas as a global offshore financial centre.
The Bahamas Investor is produced by Etienne Dupuch Jr Publications Ltd–the leading publisher of business and tourism information in The Bahamas. Other publications produced by Etienne Dupuch Jr Publications Ltd include the Bahamas Handbook, Welcome Bahamas, What-to-do, Bahamas Trailblazer Maps and the Dining & Entertainment Guide.
For more information, promotional copies or to submit press releases to the publisher, contact the Editorial Dept at (242) 323-5665, fax (242) 323-5728 or e-mail firstname.lastname@example.org.