Finance

Bahamas Still Committed to Becoming International Art Arbitration Centre

January 28, 2019

Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette reiterated commitment to the country becoming an International Arbitration Centre...

read more »

'Jobless numbers need to get real'
'Jobless numbers need to get real'

January 23, 2019

WHILE admitting unemployment is largely a private sector problem, Bahamas Institute of Chartered Accountants president Gowon Bowe said yesterday newly released jobs statistics cannot be used as an indicator of the country’s economic performance...

read more »

Bahamas Arbitration Branch Gear Up for Arbitration and Investment Summit in The Bahamas

January 22, 2019

The Charter Institute of Arbitrators (CIArb) Bahamas branch held a luncheon to discuss the latest developments in the field of arbitration and mediation and to prepare for an upcoming Summit...

read more »

IMF warns trade tensions could hit growth
IMF warns trade tensions could hit growth

January 22, 2019

The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth...

read more »

Five Days from Intro to Funding, Sterling Mortgage Income Fund Provides Bridge Financing for Grand Cayman Project
Five Days from Intro to Funding, Sterling Mortgage Income Fund Provides Bridge Financing for Grand Cayman Project

January 21, 2019

Response speed may be redefining how success is measured in the world of competitive project funding, according to a source who revealed today that a financial powerhouse with local offices in The Bahamas...

read more »

CIBC FirstCaribean's Kerry Jordan Named to BAFT's Future Leaders Program Class of 2019
CIBC FirstCaribean's Kerry Jordan Named to BAFT's Future Leaders Program Class of 2019

January 15, 2019

BAFT, an international financial services association, recently announced its Future Leaders program class of 2019 and for the first time an employee of a regional bank has landed a place in the prestigious programme...

read more »

CIBC FirstCaribbean's Walk for The Cure Tops Us Half Million Mark in Fundraising for Regional Cancer Causes Last Year
CIBC FirstCaribbean's Walk for The Cure Tops Us Half Million Mark in Fundraising for Regional Cancer Causes Last Year

January 14, 2019

CIBC FirstCaribbean’s Walk for the Cure, the region’s largest cancer fundraiser, has again topped the US half million mark in fundraising for cancer causes across the English and Dutch Caribbean...

read more »

DPM Turnquest Reflects on the Changes Being Made by the Finance Ministry

January 14, 2019

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest reflected on the changes made by the Finance Ministry in 2018, as well as those on the horizon, during a Leadership Symposium...

read more »

World Bank warns of 'darkening skies' for global economy
World Bank warns of 'darkening skies' for global economy

January 09, 2019

The World Bank is warning of increasing risks, or what it calls "darkening skies", for the world economy...

read more »

Inland Revenue open on Saturdays in January to help with business license renewals
Inland Revenue open on Saturdays in January to help with business license renewals

January 07, 2019

The Department of Inland Revenue is opening its Client Services Centre on Saturdays for the month of January to support businesses applying for business licence renewals...

read more »

New Year to bring several 'ease of doing business' reforms for starting a new business
New Year to bring several 'ease of doing business' reforms for starting a new business

January 07, 2019

The Ministry of Finance will roll out a provisional business license in the New Year to significantly reduce the time it takes to start a new business...

read more »

Ex-Credit Suisse bankers arrested over '2bn fraud scheme'
Ex-Credit Suisse bankers arrested over '$2bn fraud scheme'

January 04, 2019

Three former Credit Suisse bankers have been arrested over their alleged role in a $2bn (£1.5bn) fraud scheme connected to firms in Mozambique, according to US authorities...

read more »

Statement from the Hon. Peter Turnquest, DPM and Minister of Finance Regarding Financial Sector Reform
Statement from the Hon. Peter Turnquest, DPM and Minister of Finance Regarding Financial Sector Reform

January 03, 2019

In an effort to enhance the Financial Services Sector, the Government of The Bahamas is developing a new framework aimed at strengthening industry regulations and protecting revenues to the Public Treasury...

read more »

4.8m seawall close to completion at Smith's Point
4.8m seawall close to completion at Smith's Point

December 28, 2018

THE $4.8m seawall and road repaving project at Smith's Point in Grand Bahama is just about finished and residents are eager for the community to be reopened to the public...

read more »

Turnquest: WTO worries overblown
Turnquest: WTO worries overblown

December 27, 2018

DEPUTY Prime Minister K Peter Turnquest has said that concerns over World Trade Organisation ascension are being "exaggerated," further asserting that the government would work to "protect" the interests of local businesses...

read more »

Bahamas and Barbados Tie for CIBC FirstCaribbean's 'Branch of The Year'
Bahamas and Barbados Tie for CIBC FirstCaribbean's 'Branch of The Year'

December 21, 2018

CIBC FirstCaribbean International Bank’s Governor’s Harbour branch (Bahamas) and Sheraton branch (Barbados) have for the first time tied for the “Joy Callender Branch of the Year Award...

read more »

Investment Executive Albert Rex Appointed to Sterling Mortgage Income Fund
Investment Executive Albert Rex Appointed to Sterling Mortgage Income Fund

December 11, 2018

Sterling Global Financial, an award-winning financial services provider with more than US$9 billion in assets under administration and management, announced the appointment today of finance and equity executive Albert G. Rex...

read more »

Indian rupee hit by central bank chief's shock resignation
Indian rupee hit by central bank chief's shock resignation

December 11, 2018

India's currency slumped one day after the abrupt resignation of the country's central bank governor.

read more »

CIBC FirstCaribbean Takes the Lead on Key Development Discussions at Major Conference
CIBC FirstCaribbean Takes the Lead on Key Development Discussions at Major Conference

December 11, 2018

Financial institution discusses trends related to monetary and climate resilient infrastructure...

read more »

Five Progressive Pieces of Legislation will Establish New Regulations to Govern the Financial Services Sector

December 07, 2018

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said five progressive pieces of legislation tabled in the House of Assembly recently, will establish new regulations to govern the financial services sector...

read more »