Finance

Teachers salary win and told - now back to work
Teachers salary win and told - now back to work

November 13, 2019

THE Bahamas Union of Teachers declared victory yesterday after Justice Bernard Turner ordered that teachers' docked salaries be restored in full, after a battle with the government due its alleged failure to address working conditions at two public schools...

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2 B Investments Receive $300,000 in Funding, Highest Financing to Date!

November 11, 2019

2 B Investments Limited has received $300,000 in funding, making it the Access Accelerator (SBDC) client with the highest financing to date! RBC Bahamas Limited funded the beverage company $211,000, and a private investor committed $89,000 to ensure that Christine Albury could bring her brewery dreams to life...

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Bahamas Branch Pays Courtesy Call on Minister Elsworth Johnson

November 01, 2019

Society of Trust and Estate Practitioners (STEP) Bahamas Branch members paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Elsworth Johnson (centre) at the Ministry on October 31, 2019...

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BDB changing operating model

October 30, 2019

Successive governments have not embraced the opportunities the Bahamas Development Bank (BDB) could offer entrepreneurs that seek funding, BDB Managing Director Dave Smith said recently.

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Financial Services Minister Attends STEP LATAM in Sao Paulo

October 22, 2019

The Minister of Financial Services, Trade & Industry and Immigration the Hon. Elsworth Johnson, members of his Ministry and industry professionals from The Bahamas attended the 2019 Society of Trust and Estate Practitioners (STEP) LATAM conference held in Sao Paulo, Brazil October 17th & 18th, 2019.

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DPM Addressed Small States Forum of World Bank/IMF in Washington, DC

October 21, 2019

Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest, addressed the Small States Forum held during the World Bank/IMF Annual Meetings in Washington, DC this morning, October 19, 2019.

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Guaranteed Loans being offered by the Government to MSMEs Impacted by Hurricane Dorian

October 11, 2019

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest announced on Thursday, October 10, 2019, that $10 million will be taken from the Dormant Fund to help re-start the economies in Abaco and Grand Bahama...

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BISX Lists the Lehoca Fund IC

October 10, 2019

The Bahamas International Securities Exchange (BISX) is pleased to announce that voting participation interests in Lehoca Fund IC (Lehoca) have successfully completed the BISX Mutual Fund Listing Process and have been listed on the Exchange...

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DPM's Opening Remarks at Higgs & Johnson Annual Client Seminar

October 10, 2019

Thank you for the invitation to participate in what I am sure will be a very informative and engaging seminar...

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Dorian's 430m Hit on Treasury
Dorian's 430m Hit on Treasury

October 10, 2019

THE deficit for the fiscal year will balloon by more than $430m because of Hurricane Dorian, with the government expecting to spend nearly $230m to recover from the storm while anticipating a revenue hit of about $215m, according to Deputy Prime Minister and Minister of Finance Peter Turnquest...

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BISX Lists 3 Winterbotham Funds

October 07, 2019

The Bahamas International Securities Exchange (BISX) is pleased to announce that three new Investment Funds (one with sub-funds) have successfully completed the BISX Mutual Fund Listing Process and have been listed on the Exchange...

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BDB Begins Process of Establishing a New Branding Campaign and Initiatives

October 07, 2019

The Bahamas Development Bank (BDB) has a national objective to facilitate economic growth and diversification...

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USAID donates an additional $7.5 Million for humanitarian assistance in GB

October 02, 2019

The United States is providing an additional $7.5 million dollars in humanitarian assistance to the people of The Bahamas who were affected by Hurricane Dorian, bringing the United States’ total funding for the response to Dorian to more than $33 million...

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Donated money 'for only Dorian victims'
Donated money 'for only Dorian victims'

September 25, 2019

DONOR money received by the government from dozens of entities and neighbouring countries will only be used to assist those affected by deadly Hurricane Dorian, insisted Finance Minister Peter Turnquest yesterday...

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Ministry of Finance-Click2Clear Project Update

September 23, 2019

On August 28, 2019 Mr. Marlon Johnson, Acting Financial Secretary gave a brief update on the progress of The Bahamas Single Electronic Window, now branded The Bahamas Customs Click2Clear initiative...

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Prime Minister Minnis meets with the Bahamas Chamber of Commerce to discuss rebuilding of Abaco and Grand Bahama

September 20, 2019

Prime Minister the Most Hon. Dr. Hubert Minnis emphasized the need to remove the red tape to ensure the rebuilding process on the islands of Abaco and Grand Bahama proceeds as quickly and efficiently as possible...

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Cornèr Bank Donates $100,000, Progressive Bank Leads ‘Financial Services Cares’ Initiative for Dorian Aid

September 19, 2019

Heeding the call of the financial services industry to rally around recovery and rebuilding assistance in the wake of Hurricane Dorian, groundbreaking Cornèr Bank (Overseas) Limited stepped up to the plate today with a donation of $100,000 to the Bahamas Red Cross...

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Bank Donates $100,000 to Red Cross, Announces Concessions for Staff and Clients

September 19, 2019

A hundred thousand dollars and financial concessions to contribute to Hurricane Dorian relief efforts were announced by CIBC FirstCaribbean during a presentation at the Bahamas Red Cross headquarters recently...

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CIBC FirstCaribbean Offers Special Financial Relief to Staff and Clients in the Bahamas Affected by Hurricane Dorian
CIBC FirstCaribbean Offers Special Financial Relief to Staff and Clients in the Bahamas Affected by Hurricane Dorian

September 16, 2019

CIBC FirstCaribbean has unveiled a suite of special loans, deferred payments and other concessions aimed at helping its clients in the Bahamas with the rebuilding process after hurricane Dorian...

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AIBT Told, Bahamas is Still Open for Business

September 13, 2019

Despite the recent passing and devastation of two major islands by Hurricane Dorian two weeks ago, the country’s Minister of Financial Services, Trade & Industry and Immigration, the Hon. Elsworth Johnson, told industry leaders that the country is still ‘open for business.’..

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