The Bahamas has slipped another three places to 67th on Global Financial Services Index (GFSI), ranking dead last behind all other offshore centers on the list.
The groundbreaking ceremony for the 1,000-acre Baha Mar resort was held in Nassau, yesterday. The event was attended by ministers of The Bahamas and executives of the Chinese companies that are funding and helping to build it.
Legislation currently going through parliament in the Bahamas could revolutionise the cost of, and the bureaucracy involved in, managing offshore trust structures.
Millions of dollars are being pumped into the Bay and Shirley Street areas to stimulate a cadence that revitalises Nassau’s harbour, waterfront, and downtown areas, as the global centre of commerce in New Providence.
Ultrapetrol (Bahamas) Limited announced today its intention to offer to sell, subject to market and other conditions, $60.0 million aggregate principal amount of its Convertible Senior Notes due 2017.
Accuvest Limited announced that its Global Opportunities Fund has reached its 5 year track record, and has consistently and substantially outperformed the benchmark MSCI All Country World Index.
Mark Finlayson is the “businessman” responsible for the deterioration of Solomon’s Mines. His next victim seems to be the City Market foodstore chain.
Recent government approval to conduct dredging at Bell Island, specifically within the Exuma Land and Sea Park established by law as a preserve, has raised concerns and interesting questions.
The Bahamas is positioning itself to become a more competitive and attractive tourist and investment destination, Ambassador Joshua Sears, Director General of the Ministry of Foreign Affairs told the Americas Competitiveness Forum 2010 held recently in Atlanta, Georgia.