“Sophisticated” Bahamian investors will have an extra three days to buy into the £2m mutual fund created to allow them to participate in local oil exploration activities. The offering period for the Bahamas Petroleum Company (BPC) sponsored fund will
Investment projects are being denied approval because they conflict with the Government’s National Investment Policy, a private sector group has said, with investors also frustrated by “communication breakdowns” between different agencies.
The Bahamas Financial Services Board (BFSB) has been honoured with International Investor’s 2020 award for Outstanding Promotion of Financial Services.
Advisers to a Bahamas-based oil explorer will showcase its £2m investment fund to sophisticated and institutional investors during a presentation at Luciano’s this week.The BPC Investment Fund, which began taking investor subscriptions on January 6,
A Bahamas-based oil explorer says it achieved its targets after local investors purchased 35 percent of the available shares in the investment fund it created.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, said in a statement th
Plans to ‘buy’ the Government out of its current 51 per cent majority ownership in the Bahamas second mobile operator are “still proceeding as planned”, with potential investors set to be approached next month.
RoyalFidelity Merchant Bank & Trust’s mutual fund family has enjoyed its “third straight year of positive returns” following their 2012 restructuring, with its equities fund generating near-20 per cent for investors.
One group of liquidators for an alleged multinational Ponzi fraud yesterday denied claims they would not recognise investors who placed $217 million into it via a Bahamian broker/dealer.
THE United States Securities and Exchange Commission (SEC) has charged Bahamas-based brokerage firm Alliance Investment Management (AIM) and its president Julian Brown for facilitating a multi-million dollar international ‘Ponzi scheme’.
GRAND Bahama needs greater autonomy and leadership that can capitalise on the tax base, attract more investors and help current investors expand according to a prominent local businessman who told Tribune Business: “Grand Bahama is just sinking”.
The introduction of the Commercial Enterprises Bill faced heavy scrutiny from the Bahamian public, who weighed in on how beneficial the legislation would be to Bahamians as opposed to foreign investors.
Two purported Nassau residents are alleged to be principals in a $125m fraud that involves high-end Paradise Island real estate and a $3.5m Bahamian investment fund.
Newly-implemented crowdfunding rules were yesterday hailed as “a huge opportunity” for Bahamian small and medium-sized businesses (SMEs) who will be able to source equity capital from foreign investors.
Just recently, the glossy July-December edition of ‘The Bahamas Investor’ landed in my mail box, and I could enjoy the semi-annual pleasure of sinking into a fantasy world of Bahamian perfection.
A well-known Bahamian banker is alleging that he has been personally defrauded of $200,000 over a Chinese real estate investment.
The Bahamas needs to implement greater minority investor protection, with the Chamber of Commerce’s chairman arguing that too many were content to “ride along” with the majority.
The Minnis administration presently has no plans to look at implementing an investor citizenship programme, Immigration and Financial Services Minister Brent Symonette said yesterday. Mr Symonette, who also has ministerial responsibility for trade a
Between 40,000-50,000 Bahamians could own a stake in the second mobile operator’s majority shareholder, with efforts to buy out the Government now glimpsing “light at the end of the tunnel”.
Clients of a Bahamian bank and trust company are suing for more than $1.75 million in damages related to a Chinese real estate investment, in which it allegedly played a “liaison” role.
Investors are suing a Bahamian bank and trust company over the “total loss” of their collective $8.7 million investment, while also alleging that it misled the Securities Commission.