Search results for : accounting
March 15, 2019
SBDC wants to make it easier for small businesses to open merchant accounts
The Small Business Development Centre (SBDC) is working with local banks to make it easier and possibly cheaper for small businesses to open and operate merchant accounts, especially in regards to processing credit and debit card payments, SBDC Executive Director Davinia Blair said yesterday. Blair, [...]
The post SBDC wants to make it easier for small businesses to open merchant accounts appeared...
Tourism's 'mind blowing' growth accounts for $300 million in additional spending; has added impact on job creation
February 06, 2019
Tourism's 'mind blowing' growth accounts for $300 million in additional spending; has added impact on job creation
Tourism’s “mind blowing” growth for the eleven months ending November 30, 2018 accounted for $300 million in additional spending into the Bahamian economy, Minister of Tourism & Aviation...
Dormant accounts - they'll do nicely
November 22, 2018
Dormant accounts - they'll do nicely
THE government is proposing to utilise $41.3m from dormant bank accounts to establish a disaster relief fund, Prime Minister Dr Hubert Minnis announced yesterday...
Dormant account legislation updated and modernized, as government foreshadows creation of Disaster Relief Fund
November 21, 2018
Dormant account legislation updated and modernized, as government foreshadows creation of Disaster Relief Fund
The Government tabled new legislation today that will govern the treatment of dormant accounts in the financial sector. The amendments will set the timeframe for people to claim and access funds in their dormant accounts at 17 years, and establish provisions for the use of funds after those claims are extinguished.
Dormant account cash to go to treasury
November 08, 2018
Dormant account cash to go to treasury
Government yesterday introduced amendments to the Banks and Trust Companies Regulation Act and one to amend the Central Bank of The Bahamas Act to allow the money in dormant accounts held in banks to be transferred to the treasury. According to the Central Bank of [...]
The post Dormant account cash to go to treasury appeared first on The Nassau Guardian.
November 06, 2018
Facebook blocks 115 accounts ahead of US midterm elections
LONDON (AP) -- Facebook said it blocked 115 accounts for suspected "coordinated inauthentic behavior" linked to foreign groups attempting to interfere in Tuesday's U.S. midterm elections. The social media company shut down 30 Facebook accounts and 85 Instagram accounts and is investigating them in more [...]
The post Facebook blocks 115 accounts ahead of US midterm elections appeared first on The ...
November 02, 2018
Woman accused of stealing thousands from bank accounts
A "female wanted" suspect was charged on Friday in connection with allegations that she befriended elderly persons and later stole thousands of dollars from their bank accounts.
October 12, 2018
Facebook: Hackers accessed 29M accounts, fewer than thought
NEW YORK (AP) -- Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago, fewer than the 50 million it initially believed were affected. The hackers accessed name, email addresses or phone numbers from these accounts, [...]
The post Facebook: Hackers accessed 29M accounts, fewer than thought appeared first on The Nassau Guardian.
PM rejects PLP call for accounts committee move
October 01, 2018
PM rejects PLP call for accounts committee move
PRIME Minister Dr Hubert Minnis suggested on Saturday his administration will not provide the opposition-led Public Accounts Committee with information it has requested.During a press conference following his trip to New York last week, Dr Minnis sai
May 23, 2018
National Accounts Report provides further evidence of economic rebound
For the 2017 calendar year, real GDP growth in constant prices was up 1.4%, which is amazing growth considering the country experienced negative growth under the previous administration. The GDP growth in 2017 represented a major recovery from the significant loss of -1.7% in 2016.
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