Finance

The Investment Group Zeroes in on Recipients for Second Round of Funding

February 08, 2019

It’s no easy feat to identify promising companies and entrepreneurs with the strongest potential to change the way we live and work, but The Investment Group...

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Inter-American Institute for Cooperation on Agriculture IICA
Inter-American Institute for Cooperation on Agriculture (IICA)

February 08, 2019

In continuation of fulfilling its mandate under the Bahamas Development Bank Act, 1974, to promote industrial, agricultural and commercial development through financing and investing in approved enterprises, BDB...

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'Raising VAT not on our agenda'
'Raising VAT not on our agenda'

February 07, 2019

FINANCE Minister K Peter Turnquest insisted yesterday the government has no intention to increase value added tax as speculation persists that a hike maybe featured in the impending 2019-2020 budget presentation. He called the claim an unfortunate rumour...

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Largest Single Allocation of Investment Funds for Bahamian Entrepreneurs by Government, Announced

February 06, 2019

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said by bringing in additional funding from Access Accelerator Small Business Development Centre’s (SMDC)...

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Communication by The Hon. Peter Turnquest on 2018 Fiscal Strategy Report
Communication by The Hon. Peter Turnquest on 2018 Fiscal Strategy Report

February 06, 2019

In opening the debate on the 2018 Fiscal Strategy Report (FSR), I want to begin by reiterating the central point made by the Prime Minister when the FSR was tabled in the House...

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Strong fiscal and economic policies continue to drive economic turnaround
Strong fiscal and economic policies continue to drive economic turnaround

February 04, 2019

The country is on the road to recovery, andthe most recent Central Bank report provides further evidence that the Government’s fiscal and economic policies are leading the way in the turnaround...

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House of Assembly approves $30 million IDB Loan for digital government services

January 31, 2019

The government is making good on its promise to upgrade its digital platform in order to provide efficient services to the public and external customers...

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Six Month Fiscal Snapshot on Budgetary Performance Presented by The Bahamas Ministry of Finance
Six Month Fiscal Snapshot on Budgetary Performance Presented by The Bahamas Ministry of Finance

January 31, 2019

The Ministry of Finance completed its 6-month budget performance report this week, with results showing continued progress in reducing the deficit. Preliminary data reveals an estimated deficit of $174.2 million...

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DEREK'S BILLIONS - IT'S A FAIRYTALE: Turnquest speaks out to rubbish 20-year-old 'stolen fortune' myth
DEREK'S BILLIONS - IT'S A FAIRYTALE: Turnquest speaks out to rubbish 20-year-old 'stolen fortune' myth

January 31, 2019

FINANCE Minister K Peter Turnquest told Parliament allegations the government and a local bank thwarted Derek Rolle Kelly’s purported inheritance have no basis and are entirely untrue...

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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...

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'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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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