The Bahamas Investor

...sky boxes and a number of disable-friendly seats. Other features include a state-of-the-art security surveillance system, audio/visual equipment, meeting rooms, offices and suites. The running track will be certified by the International Association of Athletics Federation (IAAF) and the infield meets the Federation of International Football Association (FIFA) standards. The Chinese broke ground for the stadium on July 10, 2006. The following mont......

...ntry’s dependency on fossil fuels and promote sustainable energy. Minister of State for the Environment Phenton Neymour launched the first phase of the “30/30” programme earlier this month with an initiative encouraging Bahamians to use compact florescent light bulbs (CFLs). A total of 270,000 CFLs will be distributed to low-income households over the coming months. According to Minister Neymour, the use of these bulbs can cut energy consumption b......

...Bodie. Prime Minister and Minister of Finance Hubert Ingraham and Minister of State for Finance Zhivargo Laing are expected to make keynote addresses at the conference. Simon Thompson, chief executive of the Chartered Institute of Bankers in Scotland will tackle the subject of “Rebuilding Trust in Financial Services,” a pertinent topic following the collapse of major US financial institutions. The conference will also examine the issue of trust an......

...flow. We need to stimulate the economy and create jobs now. It is going to be great in a year or two–with the US economy and everything coming back.” Additional speakers at the 13th annual Grand Bahama Business Outlook conference included Minister of State in the Ministry of Finance Zhivargo Laing, who gave the keynote address; director of the National Insurance Board Algernon Cargill; and director of policy and regulation at the Utilities Regula......

...ng the thirteenth annual Grand Bahama Business Outlook last week, Minister of State in the Ministry of Finance Zhivargo Laing said that the new board would be a partnership between the government, the Grand Bahama Port Authority (GBPA) and the Grand Bahama Chamber of Commerce. Its duties will include promoting investment in Grand Bahama, examining business procedures and creating strategies for growth and development. “The idea is to create an ent......

...thel.” Boze, who previously served as the chief executive officer and head of Kent State University’s Stark Campus, already has a plan mapped out for COB: a multi-campus system with three campuses and several research and teaching centres. “We will work this year to distill our essence, to provide the best advice for our future direction and to define the standards by which we, and others, will measure our success,”?shares Boze. “I am an optimist.......

...told and spin-off effects for the wider community,” according to Minister of State for Finance in the Ministry of Finance Zhivargo Laing. It is hoped that the new buildings will help shift some of the government’s administrative duties to the nation’s second city. “At the moment the government has a kind of branch mentality when it comes to Freeport and Grand Bahama,” says K Peter Turnquest, president of the Grand Bahama Chamber of Commerce. “We......

...tly enhanced its economy and competitiveness. Bio: Zhivargo Laing Minister of State in the Ministry of Finance Zhivargo Laing was sworn in as the Free National Movement (FNM) representative in the House of Assembly for the Marco City constituency in 2007. He graduated from the University of Western Ontario, Canada, with a bachelor’s degree in economics. He completed post-graduate studies in business administration at George Washington University i......

...patient and work at it.” DeGregory joined RBC in 1987 and, under a series of forward-thinking mentors, worked her way up through the ranks. “Most of my career has been on the lending side of the banking business, which is a way of helping people,” she says. “I get a lot of pleasure out of seeing people achieve their dreams, especially small business owners and kids just out of school.” This conviction led DeGregory to become heavily involved with......

...ufactured in China. A well-educated and ambitious society, it manufactures state-of-the-art electronics, automobiles and other consumer items. All of this is happening against the backdrop of an increasingly affluent and sophisticated society where millionaires and billionaires are created every day. At the same time we have to teach them about us. A lot of Chinese businessmen are only just beginning to come to terms with the concept of trusts, fo......

...ll as offering connecting service to the island from its domestic network. Minister of Tourism Neko Grant applauded the airline’s move. “Grand Bahama island is home to some of the world’s best beaches, and boasts ideal conditions for boating, fishing, diving and a host of authentically Bahamian experiences. This boost in airlift to Grand Bahama will certainly play a key role in stimulating the island’s stopover market. We are pleased to establish......

When US secretary of state Condoleezza Rice travelled to The Bahamas for an official visit, there was no chance she would end up sitting next to a tropical-shirt-clad tourist en route. That’s because she flew on a private jet into Nassau’s exclusive Million Air private airport, was greeted by then US ambassador John Rood and Bahamian government officials, and treated to a Junkanoo rushout. Dr Rice is not alone. A growing list of dignitaries, exec......

...cent amendments to the FA dispensed with the necessity for the appointment of officers. Instead, the appointment of a Foundation Council to govern the affairs of the foundation would suffice. In addition, the founder’s rights have been minimized to make evident that the founder does not have control over the assets of the foundation, but rather, the FA clearly states that the ability to control the assets of the foundation lie with the Foundation......

...cres of the 800 acres on the island, so we still have a lot of land, a lot of scope for development, and we are right in the throes of further expansion.” So far Kerzner has invested more than $2 billion on Paradise Island. “I think our experience overall, with the government and the people, has been really good,” he says. “It gives me the confidence to keep investing in the country, and probably gives other folks the confidence to invest here. We......

...y practices such as using solar energy, recycling or donating a percentage of profits to environmental groups. The key is to develop sustainable finance for green initiatives and for the management of protected areas in order to nurture the sector’s growth and prevent the decline of major economic drivers such as tourism that are based on natural resources. Need for financing While many protected areas exist, very few of them are managed effective......