Search results for : Financial
September 14, 2023
Govt plans to expand financial services promotion to Asia
The Bahamas will be making a return to STEP (Society of Trust and Estate Practitioners) Asia after a big showing at STEP LatAm last week, Minister of Economic Affairs Michael Halkitis said in a statement released yesterday. He said the move is in line with the country's plans to expand financial services promotions efforts into the ...
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Halkitis promotes local financial services industry
September 14, 2023
Halkitis promotes local financial services industry
NASSAU, BAHAMAS — This past Friday, 08 September 2023, Minister of Economic Affairs, Hon. Michael Halkitis, addressed the STEP LatAm Conference in Bogota, Colombia, as he promoted The Bahamas' strength and stability as a "safe harbor" for financial services and investments. Addressing the conference as a featured speaker, Minister Halkitis spoke of The Bahamas' continued [...]
September 13, 2023
Bank of The Bahamas reports another strong financial year
Bank of The Bahamas Limited (BOB) recorded another positive fiscal year-end, with net income of $11.4 million, the company's Managing Director Neil Strachan said in a statement on the bank's fourth quarter results ending June 30, 2023. He said this outcome, coupled with the company's previous financial year's net income of $11.8 million, shows that the bank ...
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September 01, 2023
AM Best affirms Royal Star Assurance Ltd's financial strength and credit worthiness
NASSAU, BAHAMAS — Royal Star Assurance Ltd has seen its financial strength and credit worthiness affirmed by the industry's major rating agency. AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of "A" (Excellent) of RoyalStar Assurance Ltd. (RSA) while maintaining a stable outlook. AM Best noted [...]
August 24, 2023
PM: Survival of financial services sector depends on innovation
Prime Minister Philip Davis opened the first-ever MasterCard Fintech Summit held in The Bahamas yesterday, explaining to the audience of local and foreign fintech professionals that the survival of this country's financial services industry hinges on its ability to innovate and adapt to changes in the industry. The summit took place at Rosewood at Baha Mar. Davis said ...
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August 17, 2023
Easy PayDay Boosts Financial Services to The Family Islands
Recognizing the unique financial needs of individuals across the country, Easy Payday, a leading national lending facility for government and private employees, is ensuring that every Bahamian has access to efficient financial services no matter their location. The Bahamian-owned company is now appointing local agents throughout the Family Islands.
THEY CAN AFFORD IT: Financial Secretary says Tourism sector has capacity to contribute more government revenue
July 28, 2023
THEY CAN AFFORD IT: Financial Secretary says Tourism sector has capacity to contribute more government revenue
NASSAU, BAHAMAS — The Ministry of Finance's top official said yesterday that the country's tourism sector has the capacity to contribute additional revenue to the government. Financial Secretary Simon Wilson made the comments during a presentation to tourism stakeholders at a Bahamas Hotel and Tourism Association Board of Directors meeting yesterday. "There is no effort [...]
Discussions between government and petroleum retailers in "abeyance" says Financial Secretary
July 26, 2023
Discussions between government and petroleum retailers in "abeyance" says Financial Secretary
NASSAU, BAHAMAS- - Discussions between the government and petroleum retailers have come to a temporary halt according to Financial Secretary Simon Wilson. When asked about the state of those negotiations yesterday Wilson said, "I think those discussions are in abeyance. We have a proposal before them. They have a counterproposal before the government and I [...]
July 22, 2023
Opposition Business Leader Supports Financial Services Bills
NASSAU, BAHAMAS - Senator Darren Henfield, noting that for consecutive administrations, The Bahamas has had to constantly adjust its laws to remain compliant with industry best standards.
Financial and accounting officers promotional exercise nearing completion, minister says
July 18, 2023
Financial and accounting officers promotional exercise nearing completion, minister says
The financial and accounting officers promotional exercise is nearing completion, as 84 percent of submitted promotion requests have been processed and completed, according to a statement sent by Minister of State for Public Service Pia Glover-Rolle yesterday.
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