Search results for : Financial
NUMBERS GAME: Unaudited financial statement tabled by Bowleg suggests surplus, not loss
April 25, 2024
NUMBERS GAME: Unaudited financial statement tabled by Bowleg suggests surplus, not loss
NASSAU, BAHAMAS — The 2023 CARIFTA Games generated an overall net income of $1.3 million, according to an unaudited financial statement tabled in Parliament yesterday, with the Youth, Sports, and Culture Minister arguing that it effectively put to rest claims of overspending. Minister Mario Bowelg tabled the document in Parliament yesterday and noted that the [...]
April 24, 2024
Sports Minister Tables Unaudited Financial Statements From 2023 CARIFTA GAMES
NASSAU, BAHAMAS – Youth, Sports and Culture Minister Mario Bowleg tabled the unaudited financial statements regarding last year's CARIFTA Games following an Auditor General's report released last week. The Auditor General's report pointed to overspending for the games however Bowleg told parliament Wednesday that financials were provided to the Ministry on January 24th, but were [...]
April 13, 2024
Bahamas' financial services sector 'world class' ahead of FATF assessment
PRIME Minister Philip Davis trumpeted The Bahamas' "world-class" financial services sector as the country prepares for another mutual evaluation assessment by the Financial Action Task Force (FATF) "on the horizon".
ORG expresses deep concern over the "troubling pattern" of non-compliance regarding financial disclosures
April 02, 2024
ORG expresses deep concern over the "troubling pattern" of non-compliance regarding financial disclosures
NASSAU, BAHAMAS — The Organization for Responsible Governance is highlighting the urgent need to reinforce regulatory frameworks to ensure compliance, and cultivate public trust in our governance. Findings from last year's financial disclosures shed light on a pattern of non-compliance among senators, senior civil servants, and elected officials, which ORG says signals entrenched issues within [...
March 30, 2015
CIBC FirstCaribbean Coaches Female Staff in Health, Legal and Financial Wellness
To salute and celebrate female staff, CIBC FirstCaribbean hosted a Financial, Legal and Health Wellness seminar for the women employees of the bank...
March 19, 2024
Davis wants to see financial industry back to 30% of GDP
PRIME Minister Philip "Brave" Davis said he is fighting to see the financial services industry represent 30 percent of the country's GDP as it was before scrutiny and regulatory pressure from other jurisdictions caused it to shrink.
March 19, 2024
PM: 'Assault' on offshore financial centers caused 50 percent decline in the financial services sector's contribution to GDP
NASSAU, BAHAMAS — Prime Minister Philip Davis stated that the 'assault' on offshore financial centers, which began in 2000, significantly reduced The Bahamas' financial services segment contribution to GDP from 30 percent to 15 percent, as he highlighted the impact of 'blacklisting' on offshore financial centers. During a press briefing in Botswana on Monday, where [...]
At UN's CSW68 - LaRoda outlines Administration’s steps to advance equitable financial empowerment of women and girls
March 15, 2024
At UN's CSW68 - LaRoda outlines Administration’s steps to advance equitable financial empowerment of women and girls
Gender mainstreaming has been integrated into the state-owned and operated Bahamas Development Bank as one of three “principle strategic initiatives” that help to form the Government of The Bahamas’ commitment to advancing the equitable financial empowerment of women and girls, Minister of Social Services, Information, and Broadcasting, the Hon. Myles LaRoda, told a United Nations women’s ...
March 15, 2024
ORG urged a balanced approach in addressing NIB's financial sustainability
NASSAU, BAHAMAS — The Organization for Responsible Governance (ORG) says that the recent confusion surrounding the announcement of a phased strategy to increase the National Insurance Board's (NIB) contribution rate underscores the importance of clear communication and inclusive decision-making processes. It urged a balanced approach to addressing NIB's financial sustainability. "The s...
Take Charge of Your Financial Freedom
March 12, 2024
Take Charge of Your Financial Freedom
NASSAU, BAHAMAS - The Free National Movement held an International Women's Day breakfast for its female leaders.
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