Finance

National Bankers Association Chairman pays courtesy call on Minister of Financial Services

February 13, 2017

Chairman of The National Bankers Association, based in Washington, D.C., Preston Pinkett, paid a courtesy call on Minister of Financial Services and Local Government the Hon. Hope Strachan...

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The Bahamas Launches Trade Sector Support Program

February 13, 2017

Minister of State for Finance the Hon. Michael Halkitis said, recently, that The Bahamas has arrived at a significant milestone in implementing the Bahamas Electronic Single Window in the "action phase" of a Trade Sector Support Program...

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Bahamas Signs Tax Agreement with Japan

February 13, 2017

Minister of State for Finance the Hon. Michael Halkitis said, on February 9, 2017, that The Bahamas and Japan concluded a Tax Information Exchange Agreement in January 2011 and the signing of the Protocol that day -- six years later -- with Japan was another step towards The Bahamas...

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Prime Minister Christie Commites to More Agility Regarding Financial Sector

February 01, 2017

The Government of The Bahamas has moved to introduce a Competitiveness Council, a partnership between the National Development Plan Secretariat within the Office of The Prime Minister and the Private Sector...

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'Shameful that Halkitis cannot explain where VAT has gone'
'Shameful that Halkitis cannot explain where VAT has gone'

February 01, 2017

FREE National Movement Leader Dr Hubert Minnis yesterday said it is "shameful" that after two hours on the radio airwaves, Minister of State for Finance Michael Halkitis could not explain to the Bahamian people "where the VAT money gone"...

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The Bahamas to improve airport infrastructure with IDB support

January 25, 2017

A $35 million loan will enhance the connectivity of four airports on the Family Islands

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PM Christie Updates Business Community on Foreign Investment Projects

January 25, 2017

Prime Minister and Minister of Finance, the Rt. Hon. Perry Christie told businesspersons and stakeholders attending Bahamas Business Outlook at Melia Nassau Beach Resort that that the remobilization of the Baha Mar Resort is well underway and the project will open in phases with the golf course...

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Electronic Trade Portal to be launched by Ministry of Financial Services

January 23, 2017

The Ministry of Financial Services conducted an information session on The Bahamas’ Trade Information Service Desk and Electronic Portal at SuperClubs Breezes on January 18, 2017. The official launch of the trade portal is tentatively scheduled for early March 2017. The Inter-American Development Bank (IDB) sponsored the event....

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Statement by Minister Strachan-Response to Associated Press Report

January 23, 2017

A Report published by The Associated Press yesterday indicated that the European Union is poised to produce a list of countries and territories which make tax crimes easier and has singled out and names The Bahamas...

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Bahamas On Track to Implement Common Reporting Standard (CRS)

January 23, 2017

The Bahamas has taken many steps to comply with global standards in the financial services sector. One such step is the implementation of the Common Reporting Standard (CRS). The Common Reporting Standard (CRS), developed in response to the G20 request and approved by the OECD...

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Greenslade warns on looms
Greenslade warns on looms

January 12, 2017

Commissioner of Police Ellison Greenslade yesterday warned participants of "looms" that "nothing is free"...

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No VAT on Baha Mar completion
No VAT on Baha Mar completion

January 05, 2017

THE Government was yesterday urged to divulge "the full cost to the Bahamian people" of its Baha Mar agreement after evidence emerged to show it had extended an exemption from Value-Added Tax to all companies and suppliers working on the construction completion of the resort...

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Statement from the Ministry of Foreign Affairs-Purported receipt from Saw Grass Mill for Bahamian Currency Exchange
Statement from the Ministry of Foreign Affairs-Purported receipt from Saw Grass Mill for Bahamian Currency Exchange

December 28, 2016

It has been brought to the attention of the Foreign Ministry that a receipt purporting to be an exchange of Bahamian dollars at the Sawgrass Mall in Florida for US currency has been posted on social media sites...

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IBC FirstCaribbean Donation helps sick Children Acquire Treatment
IBC FirstCaribbean Donation helps sick Children Acquire Treatment

December 23, 2016

“We are thankful for this CIBC FirstCaribbean donation which will go toward the aid and medical care of children afflicted with heart disease or who need heart surgery,” said Thelma Johnson, president of the Sir Victor Sassoon Heart Foundation...

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PM: We must prove SP wrong on downgrade

December 22, 2016

IN the wake of a downgrade by international credit rating agency Standard & Poor's to "junk" status, Prime Minister Perry Christie said it is up to his administration to prove them "wrong" as he lamented the fact that S&P did not fully appreciate the "weight" of Baha Mar's impending opening...

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Commonwealth Bank Low Rate of Non-Performing Loans Helps Drive 3rd Qtr Profits to 47.3 Million
Commonwealth Bank Low Rate of Non-Performing Loans Helps Drive 3rd Qtr Profits to $47.3 Million

December 21, 2016

Commonwealth Bank recently reported profits of $47.3 million for the nine-month period ending September 30. The profits report reflected a 7.6% increase over the same period one year ago when profits stood at $43.9 million....

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Canadian-Bahamian Friendship Celebrated in Tree-Lighting
Canadian-Bahamian Friendship Celebrated in Tree-Lighting

December 20, 2016

Last weekend the Botanical Gardens lit up with holiday cheer at the opening of its annual Christmas Village. The center of the celebrations was the lighting of a soaring, twenty-foot tall Christmas tree, donated by The Canadian Cultural Committee, with assistance from CIBC FirstCaribbean...

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CIBC FirstCaribbean Supports Bahamas Crisis Centre
CIBC FirstCaribbean Supports Bahamas Crisis Centre

December 20, 2016

With the holidays just around the corner, The Bahamas Crisis Centre recently received a financial boost from CIBC FirstCaribbean. The bank presented the non-profit organization with a cheque to assist with holiday programs and to help defray the cost of client needs and services...

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Final CLICO payments expected in january
Final CLICO payments expected in january

December 15, 2016

THE Christie administration has already paid $11m to CLICO (Bahamas) policyholders and intends to hand out an additional $38m in bonds, State Finance Minister Michael Halkitis told Parliament yesterday...

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Minister of Financial Services Meets with Consultants on Trade on Trade Liberialization Vulnerability Study

December 14, 2016

The Minister of Financial Services, the Hon. C.V. Hope Strachan met with Consultants from BKP Development Research and Consulting, an economic research and consulting firm based in Germany, and the World Trade Institute, an academic institution of the University of Bern, Switzerland, December 8, 2016...

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