The 3rd Annual Wealth Management & Private Banking Asia 2010 gathered more than 200 decision makers from governmental officials, wealth management advisories, private banks, consulting firms and IT solution providers.
Real Estate could eventually account for up to 30-50 per cent of Benchmark (Bahamas) asset base.
A “substantial roadblock” over staff terminations could impede the multi-million dollar sale of BTC to Cable & Wireless.
Hutchison Whampoa officials have expressed several concerns about their investments in Grand Bahama, including the issue of the Our Lucaya Resort’s relationship with the union.
As a result of negotiations between Prime Minister Hubert Ingraham and the Chinese, Bahamian contracts in connection with the Baha Mar project will increase from $200 million to $400 million.
The Bahamas was promoted as a more attractive centre for investment for potential investors, during Prime Minister the Rt. Hon. Hubert Ingraham’s Official Visit to the People’s Republic of China recently.
The Investment Climate Advisory Services of the World Bank Group is helping 14 Caribbean nations attract greater foreign direct investment.
Bloomberg News reports that BMB Group, a firm representing Malaysian investors, has offered to pay as much as $4 billion for Kerzner International Holdings Ltd.
All Bahamas-domiciled investment fund categories apart from the SMART funds have experienced “a decline in numbers” since year-end 2008.