Finance

Bahamas Development Bank Offers Deferral of Loan Payments for Borrowers Impacted by COVID-19
Bahamas Development Bank Offers Deferral of Loan Payments for Borrowers Impacted by COVID-19

March 26, 2020

The Bahamas Development Bank (BDB) is working with the government and other agencies to deliver immediate relief to businesses impacted by the COVID-19 pandemic...

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Central Bank brokers three-month loan deferral

March 25, 2020

Borrowers in good standing will benefit from a three-month deferral on the repayment of their loans, now that the Central Bank of The Bahamas (CBOB) has made special arrangements with domestic commercial banks and credit unions...

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It€™S Going To Be Deep Recession
It’S Going To Be Deep Recession

March 25, 2020

WITH the COVID-19 pandemic threatening to hit the country with a $1bn loss or more, Finance Minister Peter Turnquest said yesterday it is likely the economy is already in a recession...

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Bahamians Borrowers Impacted by COVID-19 To Get Three Month Break on Loans Payments with Banks & Credit Unions

March 24, 2020

~Business and consumer loans ...Loan Accounts must be in good standing to benefit...

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Some borrowers to benefit from three-month loan deferrals

March 24, 2020

The Central Bank of The Bahamas.The Central Bank of The Bahamas (CBOB) has made special arrangements with domestic commercial banks and credit unions to allow borrowers in good standing to benefit from a three-month deferral on the repayment of their loans, the CBOB announced today...

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Economy Facing 1bn Bodyblow, Turnquest Tells House
Economy Facing $1bn Bodyblow, Turnquest Tells House

March 19, 2020

DESPITE a projected total economic fallout of as much as $1bn from the COVID-19 pandemic, the government has announced several relief measures for workers in the tourism industry who will be most affected by the virus' global impact...

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Statement on the Fiscal and Economic Impact of COVID-19 by DPM and Minister of Finance Peter Turnquest

March 18, 2020

The Coronavirus (COVID-19) has now been declared a pandemic, and concerns continue to intensify as countries around the world take strict and drastic measures to contain its spread...

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Hurricane Clear-Up Has Cost 20m So Far
Hurricane Clear-Up Has Cost $20m So Far

March 10, 2020

TWENTY million dollars has been spent so far on Hurricane Dorian debris cleanup in Grand Bahama and Abaco...

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BISX Lists BB Global Fund Ltd.
BISX Lists BB Global Fund Ltd.

February 25, 2020

The Bahamas International Securities Exchange (BISX) is pleased to announce that BB Global Fund Ltd. (the “Fund”) has successfully completed the BISX Mutual Fund Listing Process and has been listed on the Exchange...

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Mid-Year Budget Communication by Prime Minister Minnis

February 24, 2020

Mr. Speaker: I rise today to offer my contribution to the debate on the 2019/2020 Mid-Year Budget Performance Statement. I do so on behalf of the wonderful people of Killarney, whom I have the privilege of serving in this chamber.

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Public Treasury Seminar for Accounting Officers

February 24, 2020

A Public Treasury Seminar for Accounting Officers was held February 21, 2020 entitled "Enhancing Accounting Controls 2020" at the Paul Farquharson Centre, Police Headquarters with facilitators Mary Mitchell, treasurer; Khristi Ferguson, deputy director, Financial Intelligence Unit; and Kevin Archer, deputy director of Internal Audit...

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European Union removes The Bahamas from tax watchlist

February 22, 2020

The European Union’s Economic and Financial Affairs Council completely removed The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes, at their meeting in Brussels today. In a statement this morning, the EU confirmed that The Bahamas has implemented the necessary reforms to meet the EU criteria on tax governance and cooperation on tax matters. The Government welcomes this decision and the positive impact it should have on growth to investor confidence in the industry...

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EU Decision Proves Our Finance Industry Is Solid, Says Turnquest
EU Decision Proves Our Finance Industry Is Solid, Says Turnquest

February 20, 2020

DEPUTY Prime Minister Peter Turnquest said yesterday that the removal of The Bahamas from the European Union's tax watch-list proves that the country's financial services industry is solid and managed by a "sound regulatory regime."..

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How multimillion-dollar investments are approved in The Bahamas

February 20, 2020

We all hear about these multimillion-dollar investments that are approved and done throughout The Bahamas. We see the contract signings, groundbreakings and ribbon cuttings...

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HSBC signals mass job cuts as profits plunge
HSBC signals mass job cuts as profits plunge

February 19, 2020

HSBC has said it will axe around 35,000 jobs as it announced profits for 2019 fell by about a third...

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Preparations for Census 2020 begins with 
pre-test training

February 18, 2020

Forty Census workers were introduced to the questions in the new 2020 Census, as part of a training session for the upcoming Census Pre-Test. The Department of Statistics hosted the event for manager, supervisors and future enumerators, today, as part of an ongoing training series...

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BISX Quarterly Newsletter - January to December 2019 Statistical Report

February 17, 2020

For the twelve-month period ending December 31, 2019 the BISX All-Share Index closed at 2,231.60. This represents a year to date increase of 122.19 or 5.79%. By comparison for the twelve-month period ending December 31, 2018 the BISX All-Share Index closed at 2,109.45. That increase was a year to date increase of 45.88 or 2.22%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities...

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New BCCEC Committee Launched to Support Digital Transformation in the Private Sector
New BCCEC Committee Launched to Support Digital Transformation in the Private Sector

February 16, 2020

The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) recently launched the organization’s first- ever Digital Transformation Committee. In keeping with the BCCEC’s mandate to be an advocate for the private sector, the committee will work in tandem with the national Transformation and Digitization committee to ensure that private sector concerns are addressed in the development of national digital policies...

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DPM Turnquest: Hurricane Dorian Budget Exercise More than Crunching Numbers

February 13, 2020

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said while the Government is debating the appropriations and borrowing resolutions for the 2019/20 Supplementary “Hurricane Dorian” Budget, this exercise is about much more than crunching numbers...

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Bahamas Petroleum Company Investment Fund
Bahamas Petroleum Company Investment Fund

February 10, 2020

On 6 January 2020, Leno Corporate Services Limited launched BPC Investment Fund Limited, a Bahamian incorporated investment fund for Professional Investors (the “Fund”), established for the purposes of enabling qualified Bahamian investors to share in the outcome of the project to explore for hydrocarbons in The Bahamas, should they so wish...

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