Finance

The Bahamas is officially off the EU List

May 25, 2018

The Bahamas was removed from the European Union’s (EU) list of Non-Cooperative Jurisdictions for Tax Purposes following a positive technical recommendation from the EU Code of Conduct Group (CoCG), which was formally adopted by the Council of European Union Finance Ministers (ECOFIN) this morning.

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Government unveils plans for Cryptocurrency Conference on GB

May 25, 2018

The age of the internet has given rise to increased access to information, shifting the way that we all interact. Technology has, and continues to connect us in ways previously unseen; and in doing so, has paved the way for even more advanced methods of conducting business, managing resources and plotting global economic development.

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CIBC FirstCaribbean MD Applauds Instrumental Move by TSL

May 23, 2018

At the launch of Tug Services Limited (TSL)’s two new tugs, CIBC FirstCaribbean’s Managing Director (Bahamas & TCI) applauded the company for making an “instrumental” move to help build the Bahamian economy.

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May 23, 2018

A generous donation of $150,000 to sponsor 15-20 students per annum for three years, was announced at BTVI’s recent graduation. It is the single largest private donation in the institution’s history via the establishment of the Vincent D’Aguilar Memorial Scholarship.

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Bahamas First Announces RUSH Scholarship with BTVI

May 18, 2018

Insurance and community leader Bahamas First is continuing its legacy of
pioneering opportunities for Bahamians by establishing the Bahamas First RUSH Scholarship at Bahamas Technical and Vocational Institute (BTVI). The company will offer two full scholarships, inclusive of tuition and fees, to one candidate seeking to study Auto Collision Repair (4 semesters) and to another to study Auto Mechanics (5 semesters). The application deadline for both scholarships is Saturday, June 30th.

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PwC advisory team facilitates Bahamas forensics workshop for public bodies

May 10, 2018

PwC Bahamas in collaboration with the Office of the Attorney General (OAG) brought together several top leaders of its regional and global Advisory units to facilitate the first ever Bahamas forensics training workshop...

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SureTrader CEO Predicts Another Major Sell-off, This Time in the Stock Market
SureTrader CEO Predicts Another Major Sell-off, This Time in the Stock Market

May 03, 2018

Guy Gentile, CEO of SureTrader, who called the top on Bitcoin back in December 2017, is now betting almost $20 million on a major market sell-off...

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Signed and sealed - Freeport jobs boost
Signed and sealed - Freeport jobs boost

May 03, 2018

The Government's mission to establish a Grand Bahama "technology hub" yesterday received a major boost from an investor pledging an annual $50m economic impact by 2020.

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Central Bank of the Bahamas launches Financial Literacy Campaign
Central Bank of the Bahamas launches Financial Literacy Campaign

May 02, 2018

The Central Bank of The Bahamas (The Central Bank) has noted that many Bahamian individuals and families continue to face increased difficulties in meeting their everyday financial responsibilities.
In addition, data from a recent survey reveals that too many Bahamians have an insufficient understanding of how to best manage their finances...

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Cayman Finance Responds to Vote by U.K House of Commons to Disregard the Cayman Islands' Leadership on Transparency and Verified Ownership Standards
Cayman Finance Responds to Vote by U.K House of Commons to Disregard the Cayman Islands' Leadership on Transparency and Verified Ownership Standards

May 02, 2018

Jude Scott, CEO of Cayman Finance, issued the following statement about a vote by the U.K. House of Commons to amend the proposed Sanctions and Anti-Money Laundering Bill to require public ownership registers in the Cayman Islands and other British Overseas Territories by December 2020:

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Over-the-hill plan alert to fraud risk

May 01, 2018

THE government is projected to lose $7m in revenue annually through its Over-the-Hill tax exemption policy, Financial Secretary Marlon Johnson revealed yesterday.

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The Hon. Peter Turnquest, DPM, Minister of Finance on release of 2017 GDP figures for The Bahamas
The Hon. Peter Turnquest, DPM, Minister of Finance on release of 2017 GDP figures for The Bahamas

April 30, 2018

As Minister of Finance, I am pleased to see concrete signs of economic recovery based on the 2017 economic data published by the Department of Statistics last week...

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BDB has Small Businesss Development Focus at its 40th Anniversary

April 30, 2018

“I want to invite the Bahamian public, particularly young enterprising Bahamians, to take another look at Bahamas Development Bank (BDB) as a source of financing and support...”

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Economy set to grow by 2.5 per cent this year

April 27, 2018

The Bahamian economy is set to grow by about 2.5 per cent during the course of the year, representing what could perhaps signal its best growth in ten years...

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Prep for Baseball Tournaments with Help from CIBC FirstCaribean

April 26, 2018

With summer approaching like a fast pitch, the teams of the Junior Baseball League of Nassau (JBLN) are wearing thin their cleats and catching gloves in days filled with the heat of competition...

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FirstCaribbean Withdraw IPO
FirstCaribbean Withdraw IPO

April 19, 2018

FirstCaribbean International Bank Limited announced the withdrawal of the US registered public offering and listing of its shares on the NYSE in view of market conditions at this juncture...

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Ministry of Financial Services Addresses Concerns Raised by the President of TUC

April 19, 2018

The Ministry of Financial Services regrets that the President of the Trade Union Congress (TUC) feels that is was not included in the World Trade Organization (WTO) consultation process launched recently. As explained to him, this is simply not so...

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Ministry of Financial Services Launches First Round of World Trade Organization Consultations

April 18, 2018

Minister of Financial Services, Trade and Immigration, the Hon. Brent Symonette, officially opened meetings with stakeholders for the first round of World Trade Organization (WTO) consultations. During a press conference held at the Office of the Prime Minister...

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No concessions related to WTO accession in 2018/2019 budget
No concessions related to WTO accession in 2018/2019 budget

April 17, 2018

No concessions related to The Bahamas' World Trade Organization (WTO) accession will be in the country's 2018/2019 budget, Minister of Financial Services, Trade and Industry and Immigration Brent Symonette said yesterday. Symonette, who was speaking at the opening session of a series of WTO consultation [...]

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BIA rejects how general insurers are defined in financial transaction bill

April 17, 2018

The Bahamas Insurance Association (BIA) is imploring the Office of the Attorney General (OAG) to reconsider including general insurance business under the definition of a financial institution in the upcoming Financial Transaction Reporting Bill (FTRB), as the designation will place "enormous demands" on insurers' current [...]

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