Finance

Central Bank and Clearing Banks' Association hosts financial literacy fair at Fusion Superplex
Central Bank and Clearing Banks' Association hosts financial literacy fair at Fusion Superplex

May 20, 2019

Event will include Financial Recovery Workshop for struggling families. The Central Bank of The Bahamas , in collaboration with the Clearing Banks Association (CBA), will host the first Get Money Smart Bahamas Financial Literacy Fair on Saturday, May 25, 2019 at Fusion Superplex, John F. Kennedy Drive and Gladstone Road. At the event, the hosts will share information about saving, spending, budgeting and making sound financial decisions to help attendees improve their financial state. Participating CBA members include Bank of The Bahamas Limited, Commonwealth Bank Limited, CIBC FirstCaribbean International Bank (Bahamas) Limited, Fidelity Bank (Bahamas) Limited, Scotiabank (Bahamas) Limited, and RBC Royal Bank (Bahamas) Limited.

“This event is bringing together all of the Clearing Banks to give Bahamian consumers as much support as possible in building and maintaining a strong financial future for themselves and their families,” said Gowon Bowe, Chairman of the CBA. “The advice is free.

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Minister Symonette Welcomes Delegates to STEP Conference

May 13, 2019

Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette delivered welcome remarks, Monday, to delegates attending the 20th Anniversary STEP (Society of Trust and Estate Practitioners) Conference, a forum for stakeholders in the financial sector. The two-day event, held under the theme, “Mind the Gap: Future-Proofing IFC’s”, is being held at Baha Mar Resort.

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Web bosses told: Pay what you owe
Web bosses told: Pay what you owe

May 08, 2019

FINANCE Minister K Peter Turnquest yesterday urged web shop operators to pay their taxes out of an obligation to the government regardless of beliefs or legal arguments they intend to mount...

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Statement of K. Peter Turnquest, Deputy Prime Minister & Minister of Finance on the IMF Staff Concluding Statement of the 2019 Article Mission

April 27, 2019

It is clear from the IMF’s initial Article IV assessment that the reform agenda of the Minnis-led administration is moving the country in the right track. The economy is getting stronger...

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The Financial Intelligence Unit hosts forum for Money Laundering Reporting Officers

April 27, 2019

The Hon. K. Peter Turnquest Deputy Prime Minister (DPM) and Minister of Finance acknowledged the work of the Financial Intelligence Unit (FIU) in its anti-money laundering efforts...

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BDB connects with Over The Hill Unit
BDB connects with Over The Hill Unit

April 25, 2019

In continuation of its Strategic Priorities, The Bahamas Development Bank (BDB) met with the Executive Manager of the Over The Hill Unit, Mrs. Samita Ferguson...

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Restructuring of Ministry of Finance to be presented to Cabinet

April 17, 2019

A complete restructuring of the Ministry of Finance will be presented to Cabinet, aimed at moving the ministry beyond being administrational and operational to one that is more strategic and analytical, according to Financial Secretary Marlon Johnson.

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BDB seeks to strengthen partnership with OAS

April 16, 2019

In continuation of its Strategic Priorities, The Bahamas Development Bank (BDB) met with the country’s representative of the Organization of American States (OAS), Mrs. Phyllis Baron...

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Carnival facing ban from docking cruise ships in US

April 15, 2019

IN announcing plans to build a $100-million mega cruise port in Grand Bahama, Carnival Corporation has promised it would not hurt the island's fragile environment. However, a US federal judge is considering temporarily banning the docking of the cruise company's ships at US ports as punishment for a possible probation violation, which includes incidents of allegedly illegally dumping oil and plastics in the ocean.

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CENTRAL BANK relaunches award-winning financial literacy campaign

April 09, 2019

April 1 Marks the Start of Financial Literacy Month...The Central Bank of the Bahamas (Central Bank) announced today that it has relaunched its award-winning national financial literacy campaign, “Get Money Smart Bahamas...

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Sports audit - now recover the money
Sports audit - now recover the money

April 08, 2019

THE government will now consider whether to launch a forensic audit into the National Sports Authority for legal basis to recover funds, Finance Minister K Peter Turnquest said yesterday...

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Trading Platform Response Exceeds Expectation Cornèr Bank Unveils New Slate of Investment Services
Trading Platform Response "Exceeds Expectation" Cornèr Bank Unveils New Slate of Investment Services

April 05, 2019

Six months after it launched the first global trading platform for local residents, Cornèr Bank (Overseas) Ltd. unveiled a slate of expanded investment services this week, including its trading app “My Cornèr” for use in the Bahamas...

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Legislation to facilitate growth in local crypto market out for public consultation
Legislation to facilitate growth in local crypto market out for public consultation

April 04, 2019

DARE Bill to regulate digital assets and registered exchanges...Draft legislation has been put forward to give The Bahamas a clear competitive advantage with respect to digital asset solutions as financial technologies continue to drive growth in the financial services sector...

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BISX Lists 7 Win Winterbotham Funds
BISX Lists 7 Win Winterbotham Funds

March 30, 2019

The Bahamas International Securities Exchange (BISX) is pleased to announce that seven new Investment Funds (some with sub-funds) have successfully completed the BISX Mutual Fund Listing Process...

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Sterling Wealth Management Ltd Appoints Managing Director
Sterling Wealth Management Ltd Appoints Managing Director

March 09, 2019

terling Wealth Management Limited, an affiliate of Sterling Global Financial with some US$9 billion in assets under management or administration, has appointed well-known Canadian wealth management advisor and high-level...

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Investment Funds Form a Critical Component of The Bahamas’ Financial Services Toolkit

March 07, 2019

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said investment funds form a critical component of The Bahamas’ financial services toolkit...

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Bahamas credit outlook improves in latest international report
Bahamas credit outlook improves in latest international report

February 22, 2019

Ministry of Finance Response to Moody’s Bahamas Credit Opinion of February 2019...

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Royal Fidelity Conference to Explore Global Challenge
Royal Fidelity Conference to Explore Global Challenge

February 12, 2019

The 5th Annual Royal Fidelity Bahamas Economic Outlook announced...Royal Fidelity Merchant Bank & Trust Limited announced that its 2019 Bahamas Economic Outlook Conference will be held on Tuesday, February 26th under the theme...

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The Investment Group Zeroes in on Recipients for Second Round of Funding

February 08, 2019

It’s no easy feat to identify promising companies and entrepreneurs with the strongest potential to change the way we live and work, but The Investment Group...

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Inter-American Institute for Cooperation on Agriculture IICA
Inter-American Institute for Cooperation on Agriculture (IICA)

February 08, 2019

In continuation of fulfilling its mandate under the Bahamas Development Bank Act, 1974, to promote industrial, agricultural and commercial development through financing and investing in approved enterprises, BDB...

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