Search results for : Financial Services

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News Article
'More liberal' WTO offer approved by Cabinet
August 08, 2013
'More liberal' WTO offer approved by Cabinet

With Cabinet approval of The Bahamas' offer to the World Trade Organization (WTO) paving the way for the offer to go to the Geneva-based trade organization, Guardian Business has learned that there is significant concern among stakeholders that the international organization will push for "EPA-level" concessions by The Bahamas when negotiations commence...

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News Article

November 22, 2011
'NO REASON' WHY FINANCIAL SECTOR CAN'T DIVERSIFY

By NEIL HARTNELL

Tribune Business Editor

A LEADING attorney yesterday said "there is no reason" why the Bahamas cannot grow its international financial services industry through diversification, adding that the key was whether this nation had "the will and ability to do what is necessary to plug into" changing market dynamics.

While disputing the assertion by Moody's, the international credit r...

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News Article

April 06, 2016
'Panama Papers' leak fallout continues

The fallout from the so-called "Panama Papers" leak continued yesterday. The latest casualty with a connection to The Bahamas was the president of the Chilean branch of Transparency International, who resigned on Monday after documents showed he was linked to at least five offshore companies domiciled in The Bahamas.

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News Article

May 23, 2011
'Political will' lacking to grow financial sector

By NEIL HARTNELL
Tribune Business Editor

While the Bahamas “certainly has the ability” to grow the financial services industry’s GDP contribution to a “maximum 30 per cent”, a leading Bahamian financial services executive has questioned to Tribune Business whether the political and sector will exists to achieve this.
Owen Bethel, president and chief executive of the ...

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News Article

April 05, 2011
'Push' financial sector to 25-30 GDP share

By NEIL HARTNELL

Tribune Business Editor

The Bahamian financial services industry could almost double its contribution to per annum gross domestic product (GDP) to 25-30 per cent "if we got it right", a leading attorney told Tribune Business, adding that the sector's employment levels could easily grow 50 per cent to around 6,000-7,000 persons.

Brian Moree QC, senior partner at McKinney, Bancro...

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News Article

April 05, 2011
'Reach regulatory jungle finish line'

By NEIL HARTNELL

Tribune Business Editor

The Bahamas must "sort out the regulatory jungle" that its financial services industry has laboured with for many years, a senior attorney warned yesterday, explaining this was a key factor in the nation's failure "to make any significant inroads in the capital markets business".

Brian Moree QC, senior partner at McKinney, Bancroft & Hughes, told Tribune...

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News Article

May 02, 2016
'Real' GDP shrinks 1.66 percent in 2015

Despite the seemingly good news of nearly three percent growth year over year using current prices, the Department of Statistics (DOS) recorded negative growth in the gross domestic product (GDP) of The Bahamas for the second consecutive year in 2015.

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News Article

September 30, 2010
'Reputation risk' fear on financial fraudster justice

By NEIL HARTNELL

Tribune Business Editor

A leading attorney yesterday expressed concern that the Bahamas was running "a real reputational risk" because very few fraudsters and wrongdoers responsible for financial collapses in this nation had been brought to justice, while the regulators rarely failed to detect such problems in their infancy.

Brian Moree QC, senior partner at McKinney, Bancroft ...

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News Article

November 14, 2013
'SMART' listing on BISX

The Bahamas International Securities Exchange (BISX) announced the listing of a new "SMART" fund yesterday.
The Internazionale Investment Fund Limited successfully submitted an application to be listed on BISX using the exchange's mutual fund listing facility.
The fund was approved for listing by the BISX Listing Committee and will now have its information disseminated via the BISX Website.
The fu...

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News Article

July 25, 2016
'Soca for the Cure' to launch CIBC FirstCaribbean cancer fundraising

On Saturday, July 30th, survivors, supporters, fitness buffs and soca fans will be able to fete for a cause at CIBC FirstCaribbean’s ‘Soca for the Cure’ event.

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