The Bahamas Investor

...ister of Financial Services Ryan Pinder, Minister of State for Investments Khaalis Rolle and Minister of State for Finance Michael Halkitis swept into office last year when the Progressive Liberal Party (PLP) won the general election in May. In the 2012 Speech from the Throne, which accompanied the opening of Parliament, the government underscored its commitment to “the formulation and execution of policies that will encourage private investment …......

...stments Khaalis Rolle addresses Parliament March 6. (BIS Photo/Gena Gibbs) State Minister for Investments in the Office of the Prime Minister Khaalis Rolle said in the House of Assembly March 6 the nation faces challenges in attracting foreign direct investment (FDI) given the current global economic environment. He said the Bahamas government finds itself in a very peculiar set of circumstances brought on by a set of issues, some foreign and some......

...nt on to assume an economic policy advisor post in the Office of the Prime Minister. Changing roles As the Central Bank’s governor, it is Rolle’s job to keep the economy running smoothly by manipulating the flow and supply of money and credit in the banking system. A fundamental part of the bank’s overall monetary policy objective is to maintain the fixed parity between the Bahamian and US dollars, which has been the case since independence in 197......

...on; Minister of Tourism Obie Wilchcombe; Minister of State for Investments Khaalis Rolle; director of investments in the Office of the Prime Minister Candia Ferguson; and senior policy advisor Sir Baltron Bethel. The group got a first-hand glimpse of the many amenities that will be available when the resort opens in late spring of 2015, including the 100,000 sq ft casino, beach sanctuary and Jack Nicklaus Signature Golf Course. Prime Minister Chri......

...inister, Dr Michael Darville (left) and Minister of State for Investments, Khaalis Rolle at the Geneva WIF conference October 14. (Photo courtesy BIS) Members of the Bahamas Investment Authority (BIA) , Ministry of Grand Bahama and Ministry of Investment are in Geneva, Switzerland, this week attending the World Investment Forum (WIF) . Under the theme Investing in Sustainable Development, the forum runs October 13-16, 2014 at the Palais des Nation......

...tic product (GDP) growth in the short to medium term, according to Khaalis Rolle , Minister of State for Investment in the Office of the Prime Minister. His announcement came Thursday during the Bahamas Chamber of Commerce and Employers Confederation’s Meet the Minister session, a monthly event. This was the second such meeting. Foreign direct investment (FDI) continues to be a major driver of The Bahamas’ economy, particularly in the tourism sect......

...nt World”. (Harry Cutting photo/©Dupuch) Minister of State for Investments Khaalis Rolle opened one of The Bahamas’ financial community’s most important summits yesterday with a call for professionals in the industry to take advantage of opportunities, engage globally and stay current. Delivering the opening address at the Nassau Conference , held at the British Colonial Hilton Nassau, Rolle said: “The Bahamas has faced a number of economic restra......

Minister of State for Investments Khaalis Rolle will travel to Los Angeles, California, January 21-24 where he will participate in the America’s Lodging and Investment Summit (ALIS) International Opportunities Showcase. About 1,800 attendees are expected at the annual national investment conference, which attracts investors, hedge fund managers, hotel operators, and financiers. “This is one of the big two summits that takes place for this industr......

...avis, permanent secretary, Office of the Prime Minister (left) and Khaalis Rolle, Minister of State for Investments. (BIS Photo/LaTore Mackey) He made the observations following a tour of the Baker’s Bay Golf & Ocean Club development on Great Guana Cay, and the Treasure Sands Club project on Abaco August 10, 2012. “The only way we are going to get this economy back on track is by looking at the projects that currently exist and seeing whether ther......

...location across from Nassau harbour on East Bay Street. Pictured: Khaalis Rolle, Minister of Investments brings remarks during the launch of Sterling Bank & Trust May 26, 2016, Luciano’s of Chicago restaurant, Nassau. (Photo courtesy Sterling Global Financial) Government representatives at the launch included Minister of State for Investments Khaalis Rolle and Minister of Financial Services Hope Strachan . The government has a “stellar relationsh......

...f studies on the matter, as I outlined in both this year’s Mid-Year Budget Statement and in my closing statement on the Mid-Year debate. We have also received expert advice on the matter, internally from officials and advisors in the Ministry of Finance, from experts from international organizations such as the IMF and the IDB and from private sector fiscal advisors. The overwhelming conclusion of these many studies and this advice has been that t......

...olle’s vision a reality, the building blocks are in place, and GBPA is fundamental to its growth. “My passion is to make a difference, not only for the company but for The Bahamas,” says Rolle. To read the complete question and answer session with GBPA president Ian Rolle, please see the Bahamas Handbook 2010 50th-anniversary issue.......

...pment and employment opportunities for local workers. Pictured: Investment State Minister Khaalis Rolle (left) and Robert “Sandy” Sands from Baha Mar during a panel discussion at the Caribbean Hotel Investment Conference and Operations Summit November 9. (BIS Photo/Gena Gibbs) “As Sandy [Robert Sands of Baha Mar] pointed out, we understand there is a skills gap; we understand that more has to be done. But it’s not a single sector’s problem,” he sa......

...e and efficient “What we are doing here isn’t new,” says chamber president Khaalis Rolle. “Several other countries have done the same thing. We are preparing for a new environment. We are beginning to see consolidation for more efficiency and to be more effective.” An advocacy group for the private sector, the 76-year-old chamber represents a cross-section of businesses in The Bahamas. It has just over 700 member businesses and individuals in six......

Pictured: Minister of State for Investments Khaalis Rolle speaking Friday, November 9th — the final day of Accountants Week in Nassau. (Photo ©Dupuch/ Harry Cutting) Pursuing foreign direct investment (FDI) is a key priority for the government in developing a national economic strategy, according to Minister of State for Investments Khaalis Rolle. Speaking today at Accountants’ Week, Minister Rolle said foreign investors injected $1.5 billion int......