Finance

Head of Credit Suisse pays courtesy call on Minister of Finance

December 07, 2017

Patrik Marti, Head of Credit Suisse, right, paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette...

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Former Investments Minister, Chamber Chairman Khaalis Rolle to Head Sterling Global Financial's New Arm, Sterling Global Advisors Ltd.
Former Investments Minister, Chamber Chairman Khaalis Rolle to Head Sterling Global Financial's New Arm, Sterling Global Advisors Ltd.

December 04, 2017

Leading real estate development financing firm Sterling Global Financial announced today it is set to launch a new advisory arm, adding a service the firm’s chairman said would bolster its strategic growth with its ability to assist clients with core services including structure...

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CIBC FirsCaribbean IS THE BANKER MAGAZINE's, BAHAMAS' 'BANK OF THE YEAR'
CIBC FirsCaribbean IS THE BANKER MAGAZINE's, BAHAMAS' 'BANK OF THE YEAR'

December 01, 2017

Business efficiency and innovation are two of the attributes that helped CIBC FirstCaribbean International Bank secure a second consecutive “Bank of the Year” prize in the 18th annual “Bank of the Year” Awards programme...

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Dying Financial sector is 'dynamic'
Dying Financial sector is 'dynamic'

November 28, 2017

THE financial services sector in The Bahamas is "vibrant and dynamic," former Prime Minister Hubert Ingraham said yesterday...

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Financial Services Officials at 2017 STEP Asia Conference

November 27, 2017

Minister of Financial Services, Trade & Industry and Immigration the Hon. T. Brent Symonette, along with members of the Financial Services and Trade units attended the 2017 Society of Trust and Estate Practitioners (STEP) Asia Conference, which was held in Singapore...

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IDB Mission Team Paid Courtesy call on Minister of Financial Services

November 23, 2017

The Inter-American Development Bank (IDB) Mission Team paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette, November 20, 2017 at the Ministry's Offices...

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Cayman Finance CEO Jude Scott tells Offshore Alert Europe Conference Cayman is a 'very transparent, very cooperative" jurisdiction

November 20, 2017

On Tuesday, November 13, Jude Scott, CEO of Cayman Finance, participated in a panel at the 6th Annual Offshore Alert Europe Conference in London to discuss the recent illegal data...

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Government to Implement New Accounting in Order to Better Monitor Country's Finances

November 16, 2017

The Government of The Bahamas is in the process of moving away from the cash-based form of accounting it presently employs to an accrual based accounting system, Prime Minister Dr. the Hon. Hubert A. Minnis said Monday...

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Cayman Finance responds to sensational reports exploiting illegal data hack

November 10, 2017

Jude Scott, CEO of Cayman Finance, issued the following statement in response to reports of an illegal data theft involving the financial information of tens of thousands of people and businesses:

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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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