Finance

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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CIBC Donates US $150,000 to Hurricane Dorian Relief Efforts

September 09, 2019

CIBC is donating US$150,000 to support humanitarian relief in areas impacted by Hurricane Dorian with a focus on the Northern Bahamas. The funds, which include a donation through CIBC FirstCaribbean’s ComTrust Foundation, will be distributed through the Red Cross...

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Statement from the Ministry of Financial Services, Trade & Industry and Immigration

September 06, 2019

As we are presently experiencing a humanitarian crisis in aftermath of Hurricane Dorian, strict instructions have been given to the Immigration Department that our concentration is on assisting with the humanitarian efforts to rescue and save lives regardless of place of origin, nationality or immigration status...

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Ministry of Finance Releases Details on How Individuals and Organizations Can Utilize the Exigency Order

September 05, 2019

Acting Deputy Financial Secretary, Athena Marche shared details about the financial resources being mobilized by the government to respond to the national crisis left in the aftermath of Hurricane Dorian, and provided details on how individuals and organizations can utilize the Exigency Order signed by the government to provide tax relief on the import of hurricane relief supplies...

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BISX Hurricane Closure Procedures

September 03, 2019

The Bahamas International Securities Exchange Limited (BISX) wishes to inform the public that the BISX Office will re-open during normal operating hours on Tuesday 3 September 2019.

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Hurricane Dorian Alert - Clearing Banks Association

August 31, 2019

The Clearing Banks' Association advises that banking operations will be closed on Saturday, August 31st, 2019 for the Northern and Central Bahamas (Abaco, Bimini, Freeport, New Providence and Eleuthera)...

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NOTICE-Clearing Banks Association Announces Hurricane Dorian Alert

August 30, 2019

NOTICE-Clearing Banks Association Announces Hurricane Dorian Alert NEW NOTICE; Saturday Banking Closed...

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BISX Hurricane Closure Procedures
BISX Hurricane Closure Procedures

August 30, 2019

The Bahamas International Securities Exchange Limited (BISX) wishes to inform the public that due to the threat of Hurricane Dorian, BISX’s office will be closed Friday 30 August 2019 at 1 p.m. Given the unpredictable nature of hurricanes, BISX will remain closed until the hurricane passes...

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Campbell applauds socio-economic value of Heads with Nassau Cruise Port Ltd.

August 30, 2019

Acting Minister of Tourism and Aviation, the Hon. Frankie A. Campbell, said Wednesday’s Signing of the Heads of Agreement between Nassau Cruise Port Ltd., its partners and the Government of The Bahamas for the revitalization of the historic City of Nassau, will provide numerous benefits for Bahamians at both the socio-economic and tourism levels...

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The Bahamas Enacted New Financial Legislation to Ensure It Remains Globally Competitive

August 30, 2019

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said the government has enacted a significant number of new pieces of legislation, or amended existing legislation, to ensure The Bahamas remains globally competitive in the financial sector...

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Government meets 2018/19 deficit target

August 30, 2019

Last fiscal year (FY2018/19), the Government recorded a deficit of $222.4 million, or 1.7% of GDP, marking the lowest deficit and fiscal ratio achieved by any Administration in The Bahamas in nearly10 years.It is also the first time since FY2012/13 that any Government has met its deficit target. The Ministry of Finance published the latest provisional fiscal data in the Fourth Quarter Report on Budgetary Performance for FY2018/19...

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Bahamas Bar Association Members Pay Courtesy Call on Minister of Financial Services

August 30, 2019

Mr. Kahlil Parker, president (centre right), and members of the Bahamas Bar Association paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Elsworth Johnson at the Ministry's offices, August 28, 2019.

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National budget hike for sports essential

August 30, 2019

The appeal goes forth once again from this forum for the government of The Bahamas to pay more attention to national sports development...

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Govt report: the lowest fiscal deficit in ten years
Govt report: the lowest fiscal deficit in ten years

August 30, 2019

Government announced in its Fourth Quarter Report on Budgetary Performance for Fiscal Year 2018/19 that it achieved the lowest fiscal deficit in ten years in that budget cycle, with a low 0.1 percent increase in the debt-to-GDP (gross domestic product) ratio...

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Bain laments the financial abuse of elderly in Bahamas
Bain laments the financial abuse of elderly in Bahamas

August 30, 2019

Financial abuse of the elderly in The Bahamas could amount to almost $2 million, Forensic Accountant and Managing Partner of UHY Bain and Associates John Bain said yesterday, adding though that there is not much data on this kind of abuse available. Bain, who was [...]

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'BPL takes precedence over union demands'
'BPL takes precedence over union demands'

August 29, 2019

FINANCE Minister Peter Turnquest suggested yesterday that matters related to Bahamas Power and Light's generation reliability will take precedence when other issues including those of incensed unions are considered...

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