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November 02, 2020
Simplified Lending Salutes Central Bank on Historic Digital Currency Move
Simplified Lending salutes Central Bank for making digital currency history Progressive financial services provider Simplified Lending today lauded Central Bank of The Bahamas...
March 28, 2014
UBS (Bahamas) denied chance to take 34.2 million claim case to Privy Council
The Court of Appeal has ruled against an attempt by UBS (Bahamas) to appeal a decision of the court to the Privy Council in London saying the case at hand is not one of general public importance.
UBS had sought leave to appeal to the Privy Council the Court of Appeal's ruling from July 31, 2013, in which it ruled in favor of Standard Chartered Bank (Switzerland) in a matter relating to a $34.2 mil...
BMC Donates Books to TG Glover Primary School
October 04, 2013
BMC Donates Books to TG Glover Primary School
As part of the celebration of its 30th year of service to the Bahamian people and in continuation of its commitment to maintaining its image as a responsible corporate citizen...
Retrial for UBS (Bahamas) over 34.2 million
August 01, 2013
Retrial for UBS (Bahamas) over 34.2 million
The Court of Appeal has ruled in favor of Standard Chartered Bank (Switzerland) in an appeal against a ruling by the chief justice which had struck out the bank's claim to be owed $34.2 million by UBS (Bahamas) in a case related to the Bernie Madoff scandal.
Justices Anita Allen, Christopher Blackman and Neville Adderley sent the case back to the Supreme Court for trial after deeming the chief ...
DPM: New port for Exuma 'soon'
July 25, 2013
DPM: New port for Exuma 'soon'
The government hopes to start construction on a new port for Exuma "as soon as possible" within this fiscal year, believing that an expanded facility is necessary to support future growth in the island chain.
Initial discussions had centered on the port being placed on the site of a former naval base near Georgetown, Exuma, but yesterday Deputy Prime Minister Philip Brave Davis said he has "con...
CIBC's Shenfeld to speak at CHICOS 2012
November 07, 2012
CIBC's Shenfeld to speak at CHICOS 2012
With several awards under his belt and world-renowned as a top economic forecaster on the U.S. economy, Dr. Avery Shenfeld, chief economist of CIBC World Markets, will bring his expertise to bear at the HVS Caribbean Hotel Investment Conference & Operations Summit (CHICOS) 2012. Dr. Shenfeld is scheduled to speak on November 8, 2012, from 8:30 - 9:40 a.m. during the session on, "Global, Regional ...
IDB Approves 65m Roadwork Loan
September 06, 2012
IDB Approves 65m Roadwork Loan
After lingering for months in the "preparation stage", the government's request to borrow an additional $65 million from the Inter-American Development Bank (IDB) for the completion of the controversial New Providence Road Improvement Project (NPRIP) was approved on Tuesday.
Pinder Pursues 'Aggressive Agenda' With WTO
September 03, 2012
Pinder Pursues 'Aggressive Agenda' With WTO
The Bahamas could be signed on as a member of the World Trade Organization (WTO) within the next 18 months, as senior government officials continue aggressive negotiations in the accession process.
Govt Tackling Poverty Rise
August 31, 2012
Govt Tackling Poverty Rise
The number of people receiving social assistance from the government has more than doubled in the past eight years, a sign that poverty increased during that period, Social Services officials revealed yesterday.
Govt Eyes Additional IDB Loans
August 31, 2012
Govt Eyes Additional IDB Loans
Fiscal consolidation, education and citizen security and justice are just some areas the Christie administration is looking to bolster through loans at the Inter-American Development Bank (IDB).
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