Finance

Bahamas Signs Protocol to Amend the Tax Information Exchange Agreement with the Republic of Finland

October 20, 2017

Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said tax evasion and avoidance are common problems experienced by many Jurisdictions, and erodes the basis of tax systems and destroys the reputation of legitimate and credible international financial centres.

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Minister of Labour meets with Clearing Banks

October 20, 2017

The Minister of Labour, Senator the Hon. Dion Foulkes met with the Chairman of the Clearing Banks Association, Mr. Ian Jennings and representatives of the six Clearing Banks in The Bahamas including RBC Finco, Scotiabank, Fidelity Bank, Commonwealth Bank, Bank of The Bahamas and CIBC First Caribbean Bank on Thursday, 19 October, 2017 at the Ministry of Labour on Shirley and Charlotte Streets...

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Public Forum Organized for Ministry of Finance's Public Financial Management and Performance Monitoring Project

October 17, 2017

The Public Financial Management and Performance Monitoring Reform (PFM/PMR) Project Unit within the Ministry of Finance is mandated to improve the government’s capacity to manage and allocate resources and as such will have a tangible effect not just on the public service but also on the lives of every Bahamian...

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BIFS Highlights More Than 150 at Annual Award Ceremony

October 17, 2017

More than 150 financial professionals received accolades for their accomplishments at the 41st Bahamas Institute of Financial Services (BIFS) Annual Awards Ceremony at The Balmoral Club on Saturday September 30, 2017...

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Minister of Labour-Bank Fees

October 11, 2017

The Consumer Affairs Division of the Ministry of Labour has received numerous reports and complaints from the general public with respect to the increases in some commercial banks’ services fees and charges...

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PLP 'diverted 40m to buy last election'
PLP 'diverted 40m to buy last election'

October 11, 2017

THE Minnis Administration suspects the Christie Administration spent more than $40 million of hurricane relief funds in a failed bid to buy the election, Deputy Prime Minister Peter Turnquest said yesterday...

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'Cut civil service wage bill by 70M'
'Cut civil service wage bill by 70M'

October 10, 2017

The IMF has urged the Government to slash the civil service wage bill by almost $70 million, as it slammed the Christie administration's "lax spending controls" pre-general election...

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Finance chief let go ahead of audit

October 03, 2017

JOHN Bain, the chief financial officer at the Gaming Board, was terminated last week, The Tribune understands...

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Revised Data Series for the GDP of The Bahamas announced for the Period of 2012-2016
Revised Data Series for the GDP of The Bahamas announced for the Period of 2012-2016

October 02, 2017

The National Accounts Section of the Department of Statistics announced the release of a revised data series for the Gross Domestic Product (GDP) of The Bahamas, covering the years 2012 to 2016 during a press conference at the Department, Friday, September 29, 2017...

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IMF: Bahamas bank fees rise up to 186
IMF: Bahamas bank fees rise up to 186

October 02, 2017

Bahamian banks have increased fees for cross-border transactions by as much as 186 per cent over the last five years, due to growing pressure on their international ties...

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The Governor General attends official Unveiling of One Dollar Banknote

September 29, 2017

The Governor General Her Excellency Dame Marguerite Pindling attended the official Unveiling of Series 2017 CRISP Evolution One Dollar Banknote in the Gardens of LPIA, September 27, 2017...

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IDB Programme to help New Providence address Food Challenges

September 29, 2017

New Providence’s participation in the Inter-American Development Bank’s (IDB) Emerging and Sustainable Cities Programme, will help government planners and decision-makers to plan for a more sustainable future not only for Nassau, but the entire Bahamas...

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William B. Sands, Jr., Executive Chairman, Commonwealth Bank announces 3-for1-Stock Split
William B. Sands, Jr., Executive Chairman, Commonwealth Bank announces 3-for1-Stock Split

September 21, 2017

Commonwealth Bank today announced that its Board of Directors has declared a three-for-one stock split. “I am pleased to announce this three-for-one stock split which reflects the continued strong financial position of the Bank,” said William B. Sands, Executive Chairman of Commonwealth Bank...

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Ministry of Finance to hold Seminars on Public Financial Management and Performance Monitoring Reform

September 20, 2017

The Ministry of Finance will host a series of seminars and meetings on its Public Financial Management and Performance Monitoring Reform (PFM/PMR) Project, September 18 to 20, 2017 at the British Colonial Hilton...

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Lombard Odier Executives pay courtesy call on Minister Symonett

September 20, 2017

Lombard Odier & Cie (Bahamas) Ltd. executives paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette, recently, at the Ministry...

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Move to Automated Exchanged of Information Causing Issues for Financial Services Pratitioners

September 18, 2017

The DPM was Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said among the issues financial services practitioners are contending with is the move to automatic exchange of information, particularly for matters related to taxation in other jurisdictions...

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Interesting Global Trends in Wealth Management Industry Impacting The Bahamas

September 18, 2017

The DPM was Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said globally, there are some interesting trends in the wealth management industry, which likely are impacting registrants, licensees and stakeholders in the investment funds, securities and capital markets in The Bahamas...

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Nearly 500 Pack Forum Sponsored by Commonwealth Bank

September 15, 2017

For the eighth consecutive year, Cabinet ministers and educators along with hundreds of parents and students packed the Kendal G.L. Isaacs Gymnasium for the Ministry of Education and Commonwealth Bank’s Parenting Forum and walked away not only inspired to tackle the new school year but equipped with the necessary tools...

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Scotiabank Sponsors Paradise Plates Event
Scotiabank Sponsors Paradise Plates Event

September 15, 2017

Scotiabank is pleased to join Hands For Hunger as a benefactor of Paradise Plates, the organizations’ 8th annual signature benefit event and largest local fund-raising effort in aid of hunger relief...

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Sterling Global Financial Reassures 1,500 Investors ‘No Damage’

September 12, 2017

With more than 1,500 investors around the world keeping an eye on their interests in The Bahamas, Sterling Global Financial today reassured them that all of their properties and investments in the country came through Hurricane Irma unscathed...

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