Finance

BCSD and BISX Paind a joint courtesy call to Minister of Finances
BCSD and BISX Paind a joint courtesy call to Minister of Finances

August 11, 2017

The Bahamas Central Securities Depository (BCSD) and The Bahamas International Securities Exchange (BISX) on Thursday 27 July 2017 paid a joint courtesy call on the Deputy Prime Minister and Minister of Finance, the Honorable K. Peter Turnquest...

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Financial Services Sector deserves Good Regulation for Continue Growth

August 08, 2017

Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said considering the opportunities the Financial Services Sector provides for Bahamians to be business owners or to gain meaningful employment, and the role that Financial and Corporate Providers play in supporting the jurisdiction’s...

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Government to inject 166 million in Bank of The Bahamas First Minority nominated Director elected -First Minority nominated Director elected to BOB Board of Directors
Government to inject $166 million in Bank of The Bahamas First Minority nominated Director elected -First Minority nominated Director elected to BOB Board of Directors

August 04, 2017

The Government has agreed to allow the special purpose vehicle Bahamas Resolve Ltd. (Resolve) to acquire $166 million in impaired commercial loans from Bank of The Bahamas Limited, shareholders learned on Wednesday evening at the Bank’s Annual General Meeting held at Breezes Resort on Cable Beach....

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Scotiabank Teaches Financial Literacy-Children at Police Summer Camps Learn to Manage Money
Scotiabank Teaches Financial Literacy-Children at Police Summer Camps Learn to Manage Money

August 03, 2017

Scotiabank aims to support initiatives that help young people reach their full potential. Over the past few weeks, employee volunteers have visited multiple campuses of the Royal Bahamas Police Force Summer Youth Programme as a way of remaining relevant and responsive to the needs of the local community...

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Public Financial Management and Performance Project to revolutionize the manner to which government functions

August 02, 2017

Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said the Government’s recently launched Public Financial Management and Performance Monitoring Reform Project (PFM/PMR) has two key aspects that will revolutionize the manner in which government functions...

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DPM Turnquest: The country's decline in the ease of doing business due to inertia

August 02, 2017

Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said much of the country’s decline in the ease of doing business is due to inertia...

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Government to carefully review budget cuts

August 01, 2017

Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said the decision of how to cut 10 per cent of each Government’s Ministry’s budget must be carefully reviewed...

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Ten-year battle to wipe out debt

July 31, 2017

The Bahamas will take "at least a decade" to escape its fiscal crisis, a governance reformer warning: "It's not a one pill cure"...

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10 cut - that's just for starters
10 cut - that's just for starters

July 28, 2017

THE government expects to achieve even more savings than the 10 per cent reduction in spending ordered for each ministry, according to Deputy Prime Minister K Peter Turnquest.

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Government wants to Grow Employment Opportunities and Entrepreneurship

July 24, 2017

Deputy Prime Minister and the Minister of Finance the Hon. Peter Turnquest said the Government has a fundamental mandate to improve the lives of citizens and those who live in The Bahamas...

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BOB's Summer Sponships to Impacet 8,000 Youth
BOB's Summer Sponships to Impacet 8,000 Youth

July 19, 2017

Bank of The Bahamas recently announced sponsorship support for a number of youth programmes that are helping to keep young people occupied, engaged and off the streets this summer...

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Surprise BOB rescue plan weeks away
Surprise BOB rescue plan weeks away

July 19, 2017

The Deputy Prime Minister yesterday pledged that "a comprehensive plan" to rescue Bank of the Bahamas will be unveiled by its August 2 shareholders' meeting, the institution having "abandoned" its legal battle with the Central Bank...

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Statement by The Ministry of Finance on Moody's Placing The Bahamas on Review for a Downgrade
Statement by The Ministry of Finance on Moody's Placing The Bahamas on Review for a Downgrade

July 13, 2017

The Ministry of Finance takes note of the statement by Moody’s with respect to placing The Bahamas on review for a downgrade. This action, in itself, was not unexpected, given the undesirable state of the fiscal situation, as detailed in the Government’s 2017/18 Budget Communication...

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Statement by The Hon. Peter Turnquest, Minister of Finance in response to Moody's Possible Downgrade
Statement by The Hon. Peter Turnquest, Minister of Finance in response to Moody's Possible Downgrade

July 13, 2017

I have read with disappointment and sheer amazement the statements from Mr. Chester Cooper, the Official Opposition spokesman on Finance, from the Hon. Philip Davis, Leader of the Opposition, from Senator Frederick Mitchell and from Mr. Alfred Sears, defeated candidate for Fort Charlotte...

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Education System must Embrace E-Commerce

July 12, 2017

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said the reality of e-commerce provides tremendous opportunity for businesses, and the Government must ensure that the country’s educational systems allow persons to be able to take advantage of these opportunities...

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Doing business will cost us more and scare off investors
Doing business will cost us more and scare off investors

July 11, 2017

AS Moody's prepares to review the Bahamas' creditworthiness following the Minnis administration's revelations about the country's fiscal condition, former Central Bank Governor James Smith warned that a downgrade to 'junk' status would raise the cost of borrowing, increase the current costs of debt servicing and potentially scare off investors...

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Sterling Global Financial announces appointment of Khaalis E. Rolle, Senior Executive Vice-President

July 07, 2017

Sterling Global Financial, a private banking, asset management and real estate financing firm with US$9 billion under management and administration, has announced the appointment of Khaalis E. Rolle as Senior Executive Vice President, Business Development...

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IDB bans companies for fraud and corruption
IDB bans companies for fraud and corruption

July 07, 2017

THE Inter-American Development Bank has sanctioned ten Bahamian entities for fraudulent and collusive practices, barring those companies and individuals from participating in IDB-financed contracts as well as other linked international organisations...

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The Government to Cultivate a "High Growth Economy in The Bahamas

July 05, 2017

Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said that capital is one of the important elements that the Government is addressing to cultivate a “High Growth Economy” in The Bahamas...

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Scotiabank Leverages International Network...
Scotiabank Leverages International Network...

July 05, 2017

On June 2, 2017 Cable Bahamas Limited made history by becoming the first Bahamian company to cross-list on the Jamaican Stock Exchange (JSE), through the listing of two classes of preference shares...

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