Search results for : Financial Services

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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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News Article

February 24, 2014
'Standards bureau is critical to nation's development'

MINISTER of Financial Services Ryan Pinder told participants in the recent Bahamas Bureau of Standards' First National Standardisation Forum and Formation of Technical Committees Workshop that the benefits of the standards bureau are critical to the Bahamas' national development.

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News Article

July 13, 2011
'Substantia lFATCA costs'could hurt Bahamas

A former Bahamas Financial Services Board (BFSB) chairman yesterday said that while the re-emergence of Senator Carl Levin's Stop Tax Haven Abuse Bill was likely to have minimal impact on this nation, "substantial costs" involved in complying with other US legislation could pose a threat to the sector.

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News Article

February 21, 2014
'The Dollar That Could Project' donates 16,000 to charities

Bahamas Striping's legacy of giving includes education, public safety and donating necessities to its community.
In November 2013, Bahamas Striping launched its first annual 'The Dollar That Could Project' which sought to raise $60,000 through a dollar drive campaign for one month in aid of The Bahamas Red Cross, Special Olympics Bahamas, BAARK, and The Bahamas Humane Society.
Managing Director Al...

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