Speaking at the Bahamas Association of Compliance Officers conference in Nassau yesterday, Financial Services Minister Ryan Pinder urged sector professionals to learn a second language, such as Portuguese or Spanish, to help the jurisdiction tap new and emerging markets.
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Chairman of the Bahamas Chamber of Commerce and Employers Confederation Chester Cooper says that he believes the economy has bottomed out and that next year will bring renewed growth. Watch an interview with Cooper here.
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KRyS Global, a corporate recovery, insolvency, forensic accounting and business advisory services firm with an office in The Bahamas, has announced the launching of a fifth office, in Guernsey, to commence business October 2012.

“We identified there was a need for the types of services and expertise we provide, primarily in the areas of fraud investigation and asset recovery,” says founder and chief executive officer of KRyS Global Kenneth Krys (pictured-right). “With our dedicated experience and proven success in the Caribbean, together with our strong networks in Hong Kong and elsewhere, we offer a unique and independent perspective to investigating instances of fraud and recovering assets for victims that Guernsey does not currently possess.”

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The Perry Christie administration is poised to present new laws to the House of Assembly October 17. Watch a ZNS exclusive report here.
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Indications are that the domestic economy continued to experience positive, although mild, growth in July, featuring steady gains in tourism sector output and foreign investment and public sector related construction activity. Higher global food prices translated into a modest firming in average domestic consumer prices. Government’s overall deficit widened over the eleven months of FY2011/12, as increased spending offset the rise in revenue collections. In the monetary sector, bank liquidity remained at elevated levels, amid weakness in private sector demand, which continued to be constrained by elevated levels of debt and unemployment. The external reserves position contracted, due partly to banks’ profit repatriations and the traditional upturn in net foreign currency demand in the latter half of the year.

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The Bahamas’ efforts towards World Trade Organization (WTO) membership won commendations from the United States Embassy during a four-day WTO technical training programme this week.

The WTO Sanitary and Phytosanitary (SPS) Enquiry Point and National Notification Authority Training Conference is sponsored by the US Department of Agriculture (USDA) and started September 11 at the British Colonial Hilton, Nassau.

“This nation has made considerable progress since it began laying the ground work for WTO accession more than 10 years ago,” said US Embassy Charge d’Affaires John Dinkelman.

At the second meeting of the Working Party on the Accession of The Bahamas, in Geneva in June, The Bahamas’ trade regime and trade-related reforms were assessed and its conformity with WTO rules examined.

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The Bahamas is drawing ever closer to joining the World Trade Organization. Watch a ZNS report here.
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NASSAU, Bahamas, Sept. 11, 2012 /PRNewswire/ – NISI Yachts reports a new model to be unveiled today at the prestigious opening day of the 35th annual Festival de la Plaisance in Cannes, France.

Codename “1700”, she is the third model to be introduced in NISI’s incredible yacht collection in a little over a year. Resized, reimagined and redefined, the new NISI 1700 is intimately captivating alongside her larger siblings.

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Minister of the Environment Kenred Dorsett has said that there are still issues around Bahamas Petroleum Co’s (LON: BPC) full conformity regarding offshore oil exploration in The Bahamas. Watch a ZNS report here.
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The Association of International Banks and Trusts (AIBT) has announced that it will partner the annual Nassau Conference again this year.

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