Finance

BDB seeks to strengthen partnership with OAS

April 16, 2019

In continuation of its Strategic Priorities, The Bahamas Development Bank (BDB) met with the country’s representative of the Organization of American States (OAS), Mrs. Phyllis Baron...

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Carnival facing ban from docking cruise ships in US

April 15, 2019

IN announcing plans to build a $100-million mega cruise port in Grand Bahama, Carnival Corporation has promised it would not hurt the island's fragile environment. However, a US federal judge is considering temporarily banning the docking of the cruise company's ships at US ports as punishment for a possible probation violation, which includes incidents of allegedly illegally dumping oil and plastics in the ocean.

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CENTRAL BANK relaunches award-winning financial literacy campaign

April 09, 2019

April 1 Marks the Start of Financial Literacy Month...The Central Bank of the Bahamas (Central Bank) announced today that it has relaunched its award-winning national financial literacy campaign, “Get Money Smart Bahamas...

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Sports audit - now recover the money
Sports audit - now recover the money

April 08, 2019

THE government will now consider whether to launch a forensic audit into the National Sports Authority for legal basis to recover funds, Finance Minister K Peter Turnquest said yesterday...

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Trading Platform Response Exceeds Expectation Cornèr Bank Unveils New Slate of Investment Services
Trading Platform Response "Exceeds Expectation" Cornèr Bank Unveils New Slate of Investment Services

April 05, 2019

Six months after it launched the first global trading platform for local residents, Cornèr Bank (Overseas) Ltd. unveiled a slate of expanded investment services this week, including its trading app “My Cornèr” for use in the Bahamas...

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Legislation to facilitate growth in local crypto market out for public consultation
Legislation to facilitate growth in local crypto market out for public consultation

April 04, 2019

DARE Bill to regulate digital assets and registered exchanges...Draft legislation has been put forward to give The Bahamas a clear competitive advantage with respect to digital asset solutions as financial technologies continue to drive growth in the financial services sector...

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BISX Lists 7 Win Winterbotham Funds
BISX Lists 7 Win Winterbotham Funds

March 30, 2019

The Bahamas International Securities Exchange (BISX) is pleased to announce that seven new Investment Funds (some with sub-funds) have successfully completed the BISX Mutual Fund Listing Process...

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Sterling Wealth Management Ltd Appoints Managing Director
Sterling Wealth Management Ltd Appoints Managing Director

March 09, 2019

terling Wealth Management Limited, an affiliate of Sterling Global Financial with some US$9 billion in assets under management or administration, has appointed well-known Canadian wealth management advisor and high-level...

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Investment Funds Form a Critical Component of The Bahamas’ Financial Services Toolkit

March 07, 2019

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said investment funds form a critical component of The Bahamas’ financial services toolkit...

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Bahamas credit outlook improves in latest international report
Bahamas credit outlook improves in latest international report

February 22, 2019

Ministry of Finance Response to Moody’s Bahamas Credit Opinion of February 2019...

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Royal Fidelity Conference to Explore Global Challenge
Royal Fidelity Conference to Explore Global Challenge

February 12, 2019

The 5th Annual Royal Fidelity Bahamas Economic Outlook announced...Royal Fidelity Merchant Bank & Trust Limited announced that its 2019 Bahamas Economic Outlook Conference will be held on Tuesday, February 26th under the theme...

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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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