India is faltering as an investment destination because of significant policy mistakes, says the Bahamas-based executive chairman of Templeton Emerging Markets Group.
The developers of the Bimini Bay Resort are embarking on new project in Bimini which entails creating a unique island paradise for second home investors.
Operating losses at Bahamas Petroleum Co jumped to $10.2m in the year to the end of December – up from $5.4m last time. How convenient for tax-dodging foreign investors.
Many Caribbean countries are heavily indebted with stagnant economies and are welcoming monumental Chinese investments but some see a political agenda in China’s involvement in the Caribbean.
Sterling Financial Group Inc has launched their third offshore mortgage fund, New Providence Income Fund, Ltd. As an open ended offshore fund, it offers investors greater transparency and flexibility.
R. Allen Stanford was convicted of defrauding nearly 30,000 investors in 113 countries in a Ponzi scheme involving $7 billion in fraudulent high-interest certificates of deposit at a caribbean-based bank.
The 12% stamp tax on property transactions over $250,000 coupled with increases in annual property tax is costing The Bahamas much-needed business and discouraging buyers.
Aimed to foster collaboration between local and global Caribbean diaspora entrepreneurs, this business competition platform encourages participants to develop innovative projects to generate employment and economic growth.
Investors claiming losses in the Bernard Madoff ponzi scheme have been granted permission to take evidence from a Bahamas-based fund connected to the fraud.