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Chamber chair urges greater minority investor safeguards
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.
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Investor citizenship stays off the table
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
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Bahamas bond prices ‘don’t reflect investor confidence’
The Ministry of Finance’s top official is asserting that this nation’s bond prices “don’t reflect the confidence investors have in The Bahamas” and “a benchmark issue” may be needed to help address this.
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‘Light at end of tunnel’ on Govt mobile buyout
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”.
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Retail savings bond in ‘final approval stages’
The Central Bank is “committed” to launching a product designed to foster a greater “savings culture” among Bahamians before year-end 2023, its governor affirmed yesterday, with approvals “in the final stages”.
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Bank’s unwitting role in multi-million fraud action
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.
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Bahamian bank sued on $8.7m ‘total loss’
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.
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Shake off global ‘wariness’, local investors urged
Bahamian investors were yesterday urged by a leading investment banker to better exploit the increased international investment opportunities opened up by the Central Bank’s exchange control liberalisation moves.
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Fund's $1.6m profit return holds lesson
RoyalFidelity Merchant Bank & Trust’s matured investment fund has delivered more than $1.6 million in collective profits to Bahamian investors , proving that opportunities exist in rock-bottom markets.
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Smith open to investors for his PI project
A Bahamian entrepreneur said he has the funding to complete his $2m Paradise Island Lighthouse project despite just last week seeking investors.
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Angel investors yet to reach Bahamas
None of the Caribbean’s seven newly-formed ‘angel investor’ groups are based in the Bahamas, despite efforts to boost this source of entrepreneur financing throughout the region.The Caribbean Export Development Agency (CEDA) co-hosted the inaugural C
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Mobile ‘HoldingCo’ to be national PPP fund
The ‘HoldingCo’ that will have a 51 per cent majority stake in the Bahamas’ second mobile operator is being structured as a national investment fund, which will ultimately “expand its reach” into private-public partnerships (PPPs) and other economic opportunities.
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Realtor: Economic citizenship can lower Bahamian tax burden
A prominent realtor has renewed his call for The Bahamas to introduce economic citizenship, arguing it will create a new revenue source and lessen the tax burden on Bahamians.Mario Carey, the founder of Better Homes and Gardens Real Estate MCR Bahama
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Gov’t raises $72m from ‘not normal’ BGS bond
The Government’s financial advisers yesterday estimated it will take three years for Bahamian investors to start treating its new BGS security as a “normal investment vehicle”, after the first issue for the 2015-2016 fiscal year came in 28 per cent below target.
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‘Embrace new era’ with investor citizen plan
The Bahamas has been urged to “embrace a new era in financial services” by launching an Investor Citizen programme, a leading accountant describing this as essential if the country is to remain a “player” in the industry.
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Oil explorer aims to open fund to small Bahamians
A Bahamas-based oil explorer and its advisers yesterday said they plan to seek the Securities Commission’s permission to open their newly-launched mutual fund to small local retail investors.The Bahamas Petroleum Company (BPC) disclosed that its £2m
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'Citizenship should be earned, not paid for'
A developer believes the Bahamas does not need an Investor Citizen programme because permanent residency is sufficient, adding: “Citizenship should be earned for who you are, not what you pay.”
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‘We won’t give shop away for porridge’
The deputy prime minister yesterday pledged that the Davis administration will “not give the shop away to investors for a bowl of porridge” as he revealed it is presently reviewing the tax breaks granted to them.
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Securities Commission may launch its own investigation into Alliance
By NATARIO McKENZIE
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Glad to see this BISX flexibility
Three months ago, I suggested that BISX remove the pricing restrictions that reduce trading in our local market. Those restrictions remain in place, but BISX did accede to investor requests to widen the trading band on Arawak Port Development, Bahamas Property Fund, and Benchmark Bahamas. This caused a resumption of trading and significant price changes in all three stocks.