Finance

Corporate Donors Lauded by UWI
Corporate Donors Lauded by UWI

April 20, 2017

Corporate donors to the University of the West Indies came in for high praise recently for their continued support of the university especially in “trying financial times”...

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PUBLIC NOTICE: Ministry of Finance, Continuation of Direct Interim Payments to Qualified Policyholders of CLICO
PUBLIC NOTICE: Ministry of Finance, Continuation of Direct Interim Payments to Qualified Policyholders of CLICO

April 18, 2017

Further to the Notice to Policyholders dated October 3rd 2016, The Government of the Commonwealth of The Bahamas (“the Government”) has decided to continue making direct interim payments to all qualified policyholders of CLICO...

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AI, Barclays names Bahamas-based Sterling Global Financial Income Fund Best for the 5th Year

April 18, 2017

For the fifth consecutive year, a Sterling Global Financial fund has taken top honours in a merit-based AI Barclay’s Hedge Fund awards division while for the first time its parent company has been named Best Fund Manager - Bahamas, with some 15,000 funds from around the world competing in diverse categories for the prestigious awards...

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CIBC FirstCaribbean CELEBRATES eight exceptional employees
CIBC FirstCaribbean CELEBRATES eight exceptional employees

April 13, 2017

Five women topped the list of eight exceptional employees who were recently feted for their outstanding performance in 2016 by regional bank CIBC FirstCaribbean and its parent CIBC.

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Scotiabank hosts 'Drive Win' Auto Fair
Scotiabank hosts 'Drive & Win' Auto Fair

April 12, 2017

On Saturday past, Scotiabank hosted a ‘Drive & Win’ mega auto fair in Rawson Square. The festivities were in celebration of the ‘Drive & Win’ auto campaign which offers qualifying customers a chance to win up to 6 months waived payments....

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Statement from the Hon. Obie Wilchcombe Minister of Tourism with responsibility for gaming

April 04, 2017

I wish to announce that the application for a gaming licence and associated certificates of suitability submitted by Sky Warrior Bahamas Limited trading as Baha Mar (hereinafter referred to as the Applicant) have been approved...

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Statement from the Hon. Obie Wilchcombe Minister of Tourism with responsibility for gaming

April 04, 2017

I wish to announce that the application for a gaming licence and associated certificates of suitability submitted by Sky Warrior Bahamas Limited trading as Baha Mar (hereinafter referred to as the Applicant) have been approved...

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Christie: It's easy to piss away money

April 04, 2017

While speaking at the renaming ceremony of a portion of Thompson Boulevard to University Drive, Prime Minister Perry Christie urged University of The Bahamas executives and students to ensure they have leaders who are knowledgeable and "accountable" for the state of the economy, insisting " it's so important to recognize how easy it is to piss away money"...

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PM announces relaxation of Exchange Control measures that would assist certain Bahamian-owned business

April 01, 2017

Prime Minister and Minister of Finance the Rt. Hon. Perry Christie announced in the House of Assembly, on March 29, 2017, that the Government has approved the relaxation of certain Exchange Control...

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Sterling Global Financial, Aristo Luxury Condo Project on P.I. on budget, ahead of schedule

March 31, 2017

THIRTY SIX, a luxury condo development on Paradise Island, is rising out of the ground ahead of schedule and without a single cost overrun more than halfway through the $30 million project...

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35m spent by govt on recovery after hurricane
35m spent by govt on recovery after hurricane

March 30, 2017

THE government spent $35m on hurricane-related expenses as of January 31, Prime Minister Perry Christie said yesterday.

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Prime Minister Christie, Minister of Finance Launches UnderstandingVAT.org, a Resource for the Public
Prime Minister Christie, Minister of Finance Launches UnderstandingVAT.org, a Resource for the Public

March 29, 2017

Speaking in the House of Assembly, the Rt. Hon. Perry G. Christie, Prime Minister and Minister of Finance, announced the launch of a new website, UnderstandingVAT.org, intended as a new resource for Bahamians...

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Donald Trump's 2005 tax return leak reveals $38m bill

March 15, 2017

US President Donald Trump paid $38m (£31m) in tax on more than $150m (£123m) income in 2005, a leaked partial tax return shows.

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CIBC FirstCaribbean Celebrates Updated Leeward Highway Branch
CIBC FirstCaribbean Celebrates Updated Leeward Highway Branch

March 07, 2017

CIBC FirstCaribbean International Bank celebrated the re-opening of its recently upgraded branch at Leeward Highway with a ribbon-cutting ceremony and cocktail reception on February 28th...

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Commonwealth Bank Board Approves Extra-Ordinary Dividend as it releases 2016 year-end report
Commonwealth Bank Board Approves Extra-Ordinary Dividend as it releases 2016 year-end report

March 07, 2017

The Board of Directors of Commonwealth Bank Limited has announced a final extraordinary dividend of six cents per share based on 2016 results of $57.4 million in net income...

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Bahamas Association of Compliance Officers Make Courtesy call on the Minister of Financial Services

March 04, 2017

The Bahamas Association of Compliance Officers (BACO) made a courtesy call on the Minister of Financial Services and Local Government the Hon. Hope Strachan...

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Secretary-General

March 03, 2017

Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), Dr. Mukhisa Kituyi paid a courtesy call on the Minister of Financial Services...

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Commonwealth Bank Chairman 'Proven Business Model Results in Sustained Profitability'

February 28, 2017

Commonwealth Bank today reported unaudited total profit of $57.4 million for 2016. Total assets climbed to $1.6 billion at December 31, 2016. Earnings closely paralleled those of 2015 showing only a 0.7% decline. Total assets were up 4.8% over 2015...

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Financial Services Signs MOU with Chamber for Trade Portal

February 22, 2017

The Ministry of Financial Services has signed a Memorandum of Understanding (MOU) with the Bahamas Chamber of Commerce and Employers Confederation. The MOU is for cooperation in the establishment of a Trade Information Services (TIS)...

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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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