Finance

BAF Executives Pay Courtesy Call on the Governor General

January 16, 2020

The Executive Management team of BAF Financial & Insurance paid a courtesy call upon His Excellency the Most Hon. Cornelius A. Smith, Governor General (seated centre), at Government House on Monday, January 13, 2020...

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The General Post Office successfully passed the audit Conducted by United Postal Union

January 15, 2020

Congratulations are extended to the Post Master General, Mrs. Jennifer Johnson for passing the United Postal Union’s Audit...

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Prime Minister Minnis: Govt to liberalize investment process for areas affected by Hurricane Dorian
Prime Minister Minnis: Govt to liberalize investment process for areas affected by Hurricane Dorian

January 13, 2020

The Government is looking to simplify a number of investment requirements and expedite investment applications for Bahamian and international investors for Abaco, the Abaco Cays, and East End and West End, Grand Bahama, Prime Minister the Most Hon. Dr. Hubert Minnis said today...

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WHY IS THE CENTRAL BANK GETTING RID OF THE ONE CENT COIN
WHY IS THE CENTRAL BANK GETTING RID OF THE ONE CENT COIN?

January 13, 2020

In 2018, the Central Bank of The Bahamas, with the assistance of Secura Monde International as consultants for the initiative, commissioned a study to examine the need for continued issuance of the 1-cent coin...

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Christmas Surprise MAKES FOR Merry CIBC FirstCaribbean Clients

December 27, 2019

Many CIBC FirstCaribbean customers received an unexpected Christmas gift from their bank during its recent “Jingle All the Way” cards promotion...

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Trust Professional Dianne Bingham Named to Head New LENO TRUST

December 18, 2019

One week after LENO top executives confirmed its acquisition of Bank of The Bahamas’ (BOB) $103 million trust, the company said it named veteran private wealth and trust professional Dianne Bingham to head Leno Trust...

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Financial Services Industry Briefing Held at Melia

December 17, 2019

Keeping the Financial Services industry abreast of up-to-the-minute developments, Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest, Minister of Financial Services, Trade & Industry and Immigration the Hon. Elsworth Johnson, and Financial Secretary Marlon Johnson addressed a Financial Services Industry Briefing at Melia, Monday, December 16, 2019. Pictured are Minister Johnson (left), and DPM Turnquest as he spoke. Also shown is the Financial Secretary Marlon Johnson...

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Restaurant receives funding through the SBDC  
Restaurant receives funding through the SBDC  

December 16, 2019

Dynasty Café obtained $89,000 in investment loans from the Bahamas Development Bank (BDB) through the Access Accelerator, Small Business Development Centre (SBDC)...

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LENO Successfully Acquires Bank of The Bahamas Trust Portfolio, Increases Assets Under Management to 800 million
LENO Successfully Acquires Bank of The Bahamas Trust Portfolio, Increases Assets Under Management to $800+ million

December 11, 2019

Leno Corporate Services announced today it has successfully completed the $103 million acquisition of Bank of The Bahamas’ trust portfolio, bringing its total assets under management to over $800 million...

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Bahamas Development Bank Consultants Meet with Stakeholders for Diagnostic Review and Strategic Plan

December 03, 2019

The Bahamas Development Bank (BDB) is currently in the midst of a major reform effort to ensure that it can meet international expectations for national development, including support for the United Nations Sustainable Development Goals. In addition to business process re-engineering to improve service quality, the Bank is also developing a new Strategic Plan...

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Living to pay bills
Living to pay bills

December 02, 2019

When Bahamians responded in outrage last week to comments by Yamacraw MP and Minister of Financial Services, Trade and Industry Elsworth Johnson on how Bahamas Power and Light (BPL) customers choose to spend their hard-earned money, their anger was not merely a function of discontent with the current administration...

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Prime Minister Minnis: Government working to ensure better and cheaper energy for all Bahamians

November 28, 2019

Decades of short-term decision making, poor choices and in some instances, corruption, have brought Bahamas Power and Light (BPL) to its knees, Prime Minister the Most Hon. Dr. Hubert Minnis said in the House of Assembly today...

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DPM highlights nation's economic challenges at OECD's Global Forum

November 27, 2019

The Bahamas economy is “getting it on both ends” regarding its vulnerability to climate change and financial services sanctions, Deputy Prime Minister Peter Turnquest told a meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, held in Paris, France, yesterday...

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Fake News - 15 Vat Rate Rise
Fake News - 15% Vat Rate Rise

November 26, 2019

DEPUTY Prime Minister Peter Turnquest has refuted what he called "misinformation" about value added tax increasing to 15 percent in January 2020...

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Davis: Govt made wrong decision to increase travel budget
Davis: Govt made wrong decision to increase travel budget

November 26, 2019

Progressive Liberal Party (PLP) Leader Philip Brave Davis said yesterday that the government made the wrong decision to increase its travel budget by $4 million in the wake of Hurricane Dorian...

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Davis: GovT Has Failed To Pay 7m In Vat Refunds
Davis: Gov’T Has Failed To Pay $7m In Vat Refunds

November 25, 2019

OPPOSITION leader Philip "Brave" Davis said the government has not been paying legitimate VAT refunds, adding yesterday that it is undermining the compliance level of the tax and "overstating its true performance value"...

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Brave - WeRe Heading Over A Fiscal Cliff
Brave - We’Re Heading Over A Fiscal Cliff

November 25, 2019

OPPOSITION Leader Philip "Brave" Davis said the country is headed toward a financial crisis and that he is certain it will face a credit downgrade...

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'Worst fiscal shape we've ever been in'
'Worst fiscal shape we've ever been in'

November 22, 2019

OPPOSITION spokesman for finance Chester Cooper estimates that the government may be $400 million below its revenue targets this year...

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Ballooning deficit means govt needs to borrow 507m
Ballooning deficit means govt needs to borrow 507m

November 21, 2019

THE deficit for the fiscal year has ballooned to $677.5 million because of Hurricane Dorian, prompting the government's plans to borrow $507.9 million to meet the shortfall...

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Minister Lewis outlined his new Ministry to BICA
Minister Lewis outlined his new Ministry to BICA

November 19, 2019

Newly-appointed Minister of State for Disaster Preparedness, Management, and Reconstruction, the Hon. Iram Lewis said restoring some sort of normalcy to the islands of Abaco, Grand Bahama and the Cays affected by Hurricane Dorian will not be an overnight fix, but will require time and professional advice from people like local accountants...

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