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Bahamas readies Caribbean’s next ‘debt-for-nature’ swap

LONDON (Reuters) – The Bahamas is to join a growing trend where countries promise better protection of precious ecosystems in return for having their debts reduced. Bahamas economy minister Michael Halkitis told Reuters that a so-called “debt-for-nature” swap would launch in the next two to four months and focus on improving the country’s network of […]

The Bahamas: Invitation To A Panel Debate On Growing Jurisdiction

This news service is holding a panel discussion in partnership with the Bahamas Financial Services Board entitled “WealthBriefing Panel Discussion – A Resolute and World-Class Jurisdiction.” As demand grows for the range of financial services offered in this Caribbean jurisdiction, this new service invites wealth managers to our panel debate held in partnership with the […]

The Bahamas Maintains Tier 1 Status in 2024 USG TIP Report

On June 24, U.S. Secretary of State Antony J. Blinken released the 24th annual Trafficking in Persons Report (TIP Report). For the ninth consecutive year The Commonwealth of The Bahamas maintained Tier 1 status. Tier 1 is the highest ranking and requires governments demonstrate appreciable progress each year in combating trafficking. The U.S. Embassy wishes […]

WEALTHTALK: The Evolving Bahamas Financial Story – Webinar

Here is a webinar in which senior figures in the Bahamian financial and government field talked about how the jurisdiction is addressing challenges and adapting to new trends. Senior figures in the financial, regulatory and wealth management sector of the Bahamas recently sat down with ClearView chief executive Stephen Harris to discuss how the Caribbean […]

Local insurers navigating reinsurance cost hikes to maintain affordable coverage

NASSAU, BAHAMAS — Local insurers are doing their best to fight to keep costs down for customers amidst reinsurance cost hikes, according to Richard Darville, Deputy Chairman of the Bahamas Insurance Association (BIA), who noted that catastrophe premiums have increased by 30-40 percent over the past three to five years. Darville explained: “Going into 2022/2023, […]

Luxury brands bolster IP defences as handbag market booms

The allure of designer handbags has long attracted counterfeiters, prompting luxury brands to employ a multi-faceted approach to intellectual property protection, according to insights from the World Intellectual Property Organisation (WIPO) magazine. The global handbag market, projected to reach 68.31 billion dollars this year according to Statista, exemplifies the fusion of fashion, celebrity influence and […]