Finance

Govt paid workers 9,375 a month to monitor talk shows
Govt paid workers 9,375 a month to monitor talk shows

June 27, 2017

MINISTER of State for Grand Bahama Kwasi Thompson yesterday claimed that the former Christie administration spent nearly $250,000 on two contracts for marketing and public relations for the Ministry of Grand Bahama in the lead-up to the general election and said he in "unable to find a record of what was done" in relation to one of the contracts...

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Hundreds Hear Voice of Optimism at Commonwealth Bank AGM, Net Profits Stand at 57.4Million Asset up 4.8 to 1.6Billion
Hundreds Hear Voice of Optimism at Commonwealth Bank AGM, Net Profits Stand at $57.4Million Asset up 4.8% to $1.6Billion

June 26, 2017

Record Year of Giving -- $834,000 in Donations, More than half for hurricane relief...Hundreds of Commonwealth Bank shareholders packed a ballroom turned meeting hall at Breezes SuperClubs on May 31st, for the bank’s annual general meeting...

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'Tremendous Response' to Commonwealth Bank's Spanish Wells Opening

June 21, 2017

Commonwealth Bank staffers knew the opening of their newest branch on the island of Spanish Wells in North Eleuthera on June 6 was off to a strong start when they heard the voices. “We were so surprised,” said Michelle Fox, Assistant Manager, Credit and senior officer at Spanish Wells branch.

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Pilot Program for Bus Unification System to be Launched Soon

June 21, 2017

During his budget contribution on Monday, June 12, Minister of Transport and Local Government, the Hon. Frankie Campbell said that the government would continue to pursue the bus unification system. The initiative was introduced under the former, PLP, administration...

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Scotiabank Launches 'Exceptional Moments' Calendar Contest
Scotiabank Launches 'Exceptional Moments' Calendar Contest

June 20, 2017

Scotiabank's annual calendar contest returns under a new theme for the 2018 edition. Dubbed the “Exceptional Moments ” Calendar Photo Contest, this year Scotiabank is inviting the public to submit images that capture the extraordinary...

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Bahamas Insurance Association Calls on Minister of Financial Services

June 14, 2017

The Bahamas Insurance Association (BIA) recently called on the Minister of Financial Services, Trade and Industry and Immigration, The Hon. Brent Symonette. Having recently held its AGM, the new executive team of the BIA, led by chairman, Emmanuel O. Komolafe, sought to meet the new Minister and introduce the BIA and its objectives...

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International Fintech and Entrepreneurship Thought Leaders to Gather at Billionaire Roundtable Conference, hosted at Baha Mar

June 13, 2017

Commonwealth Embassy proudly presents Billionaire Roundtable, a dynamic three day conference held at the Grand Hyatt Baha Mar, Nassau, The Bahamas from June 28th to June 30th, 2017. The theme of this years inaugural event is J.O.B.S (Jumpstart Our Business Startups)...

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10m more in govt salaries
10m more in govt salaries

June 09, 2017

THE government's payroll increased by $10m as new employees were hired in the final five months of the former Christie administration, State Minister for Public Service and National Insurance Brensil Rolle said during his contribution to the budget debate in the House of Assembly yesterday.

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429m in subventions for state-owned enterprises
429m in subventions for state-owned enterprises

June 08, 2017

TWENTY-FIVE state owned enterprises will receive $429m in the upcoming fiscal year, with Finance Minister K Peter Turnquest noting that the government receives no returns or dividends from such institutions...

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CLICO policyholders, police OT, provided for in budget
CLICO policyholders, police OT, provided for in budget

June 07, 2017

In line with its pledge to honor the financial commitments to police officers who worked overtime in 2013 and to make good on the outstanding funds owed to CLICO policyholders, the Minnis administration has budgeted $5.6 million for overtime pay for officers and another $10 million for distressed policyholders in the upcoming fiscal year...

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Finance Minister Discussed Revenue Measures; Tax Relief

June 04, 2017

During the Budget Communication 2017/2018 in the House of Assembly, Wednesday, May 31, 2017 Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest listed the various revenue measures that will be undertaken by the Government...

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Finance Minister describes Fiscal Situation Dynamics in Budget Communication

June 01, 2017

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said that with this Government Administration’s recent coming to Office that it is not for him to attempt to justify the actions of its predecessors, nor the fiscal impacts of those actions...

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Government Committed to getting its Fiscal House in Order

May 31, 2017

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said while the Government’s transformational growth agenda is visionary and critical to the creation of a better future for Bahamian citizens, the very grave condition of the nation’s public finances mandates that it gives the utmost priority to getting its fiscal house in order...

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Recurrent Expenditure for the Fiscal Year 2017/2018 Increased by $218 Million

May 31, 2017

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said Recurrent Expenditure for the fiscal year 2017/18 is posted at a level of $2,676 million, which represents an increase of $218 million over the $2,458 million outturn for 2016/17...

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More audits for post office and hurricane fund

May 31, 2017

FORENSIC and internal audits ordered at government ministries and departments will continue unabated with no regard to how matters are "spun by the opposition," Press Secretary Anthony "Ace" Newbold said yesterday...

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Overtime pay for police to begin today
Overtime pay for police to begin today

May 29, 2017

POLICE officers are expected to begin receiving the first instalment of their long-sought overtime pay today...

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GB Minister of State reviews Hurricane Relief Spending

May 27, 2017

Minister of State for Grand Bahama, Senator Kwasi Thompson gave a preliminary assessment of how hurricane relief funds were spent on the island of Grand Bahama, submitting that the manner in which those funds were instructed to be spent “were quite disturbing...”

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Inter-American Development Bank pay courtesy call to Minister Brent Symonette

May 27, 2017

Representatives of the Inter-American Development Bank (IDB) paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette, May 25, 2017 at the offices of the Ministry.

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Local Lupus support group hosts activities for Lupus Awareness Month
Local Lupus support group hosts activities for Lupus Awareness Month

May 25, 2017

For the past five years, the month of May has been recognised as Lupus Awareness month in The Bahamas and once again this year one local organisation will seek to raise awareness of the autoimmune illness...

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Cash calls for clarity over Bank of the Bahamas

May 17, 2017

FORMER Free National Movement Chairman Darron Cash yesterday called for a "full disclosure" of the Bank of the Bahamas' "true state of affairs," suggesting that the former Christie administration's "systematic pattern of distortion and cover up" of the bank's woes must come to an end...

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