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Past its Prime
June 30, 2011
Past its Prime
THE call for action has finally been heeded. Private sector representatives had been clamouring for a Discount Rate reduction for some 18 months, following the lead established by other central banks, and in early June the Central Bank of the Bahamas gave them their wish with a 75 basis point cut. But that's where the agreement stops, and differences over what this really means for the economy tak...
Need Has No Season-Women's Shelter Project
August 01, 2017
Need Has No Season-Women's Shelter Project
The Salvation Army Bahamas Divison launches for the second year Need Has No Season Fundraising Campaign in support of the Women & Children?s Emergency Shelter Project chaired by Mr. Felix Stubbs, Chairman and Cameron Symonette, Board Member of The Salvation Army?s Advisory Board...
July 27, 2017
Department of Labour PCRecruiter Upgrade Training Complete
The Bahamas Department of Labour has completed a series of training sessions in preparation for the launch of the upgrade to its local Skills Bank and Recruitment portal. The software was first introduced in 2006, however an update and re-launch of this integral tool in the Department?s...
Turnquest: Financial services sector 'in trouble'
May 09, 2016
Turnquest: Financial services sector 'in trouble'
Deputy Leader of the Free National Movement (FNM) and Shadow Minister of Finance Peter Turnquest concurs that the financial services sector in The Bahamas is in trouble, but in addition to international conditions, Turnquest blames the pace of local innovation and poor performance by Financial Services Minister Hope Strachan for increasing the danger.
BOB's Summer Sponships to Impacet 8,000 Youth
July 19, 2017
BOB's Summer Sponships to Impacet 8,000 Youth
Bank of The Bahamas recently announced sponsorship support for a number of youth programmes that are helping to keep young people occupied, engaged and off the streets this summer...
Surprise BOB rescue plan weeks away
July 19, 2017
Surprise BOB rescue plan weeks away
The Deputy Prime Minister yesterday pledged that "a comprehensive plan" to rescue Bank of the Bahamas will be unveiled by its August 2 shareholders' meeting, the institution having "abandoned" its legal battle with the Central Bank...
Commonwealth Bank donates $50,000 to UB for Emerging Leaders Scholarship Program, bringing total to $350,000
July 13, 2017
Commonwealth Bank donates $50,000 to UB for Emerging Leaders Scholarship Program, bringing total to $350,000
Calling the need for well-educated, agile leaders with strong communications skills essential in an increasingly global world, Commonwealth Bank boosted its support of its Emerging Leaders Scholarship Program at the University of The Bahamas this week with a donation of $50,000...
New warning over bad bank debts
July 04, 2017
New warning over bad bank debts
THE chairman of Bahamas Resolve, James Smith, said that the government may have to pay interest costs for bad debts at the Bank of The Bahamas...
Launch of PCRecruiter Upgrade set for 21 July 2017
July 03, 2017
Launch of PCRecruiter Upgrade set for 21 July 2017
On 21st July, 2017, The Bahamas Department of Labour is preparing to launch an upgrade to it?s local Skills Bank portal. With levels of unemployment being a matter of national concern, the Department continues to respond to the needs of those job seekers and employers...
Minister Symonette addressed AGM of AIBT
June 28, 2017
Minister Symonette addressed AGM of AIBT
Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette addressed the Annual General Meeting of the Association of International Banks...
June 27, 2017
K. Kaiya Pinder wins a full scholarship from Coca-Cola
K. Kaiya Pinder, Grand Bahama local, named the third recipient of the Carleton Williams Caribbean Bottling Company Scholarship... I understand and appreciate the significance of receiving the Carleton Williams Caribbean Bottling Company Scholarship,? says K. Kaiya Pinder, a recent graduate of Maurice Moore Primary School...
June 26, 2017
Hundreds Hear Voice of Optimism at Commonwealth Bank AGM, Net Profits Stand at $57.4Million Asset up 4.8% to $1.6Billion
Record Year of Giving -- $834,000 in Donations, More than half for hurricane relief...Hundreds of Commonwealth Bank shareholders packed a ballroom turned meeting hall at Breezes SuperClubs on May 31st, for the bank?s annual general meeting...
June 19, 2017
Bright Lights & Raw Gems-Portraits from The Bahamian Project
A major exhibition of Bahamian Project portrait images opens at the Central Bank of The Bahamas Art Gallery on 6th July, 2017...
Minister Dames addresses State of Crime
June 14, 2017
Minister Dames addresses State of Crime
During his Contribution on the 2017/2018 Budget Communication in the House of Assembly on June 12, 2017 Minister of State the Hon. Marvin Dames said that when his Government first came to office, just over a month earlier, it immediately got to work and assessed the state of Bahamian national security by analyzing several key indicators...
May 27, 2017
Inter-American Development Bank pay courtesy call to Minister Brent Symonette
Representatives of the Inter-American Development Bank (IDB) paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration the Hon. Brent Symonette, May 25, 2017 at the offices of the Ministry.
Inaugural Meeting of The Cabinet
May 17, 2017
Inaugural Meeting of The Cabinet
The inaugural meeting of the Cabinet was held this morning at the Cecil Wallace Whitfield Centre and the people?s business was begun. All Cabinet Ministers were present, except Hon. Desmond Bannister, Minister of Works, who is out of the country...
May 17, 2017
Sterling's CEO David Kosoy to speak at Bahamas Landfall, Destination Canada
Sterling Global Financial Chairman & CEO David Kosoy to address two sessions of Bahamas Landfall, Destination Canada, a major event organized by the Bahamas Financial Services Board...
May 09, 2017
Collie says PLP dodging its responsibilities over BOB
FREE National Movement Chairman Sidney Collie yesterday accused the Progressive Liberal Party of running away from its responsibility in the bailout of the Bank of The Bahamas, insisting that any further investigation by public officials would only uncover that many of the loans written off through the process were held by "politically connected" individuals...
BOB bailout doubts raised
May 08, 2017
BOB bailout doubts raised
FORMER Prime Minister Hubert Ingraham has questioned under what "lawful authority" did the government use $50m of the "people's money" to partially replenish the Bank of the Bahamas' capital because of $100m worth of non-performing loans...
Banking Hours for Various Banks on Election Day!
May 08, 2017
Banking Hours for Various Banks on Election Day!
Bank of The Bahamas Limited-9:30am-2:00pm...
Scotianbank (Bahamas) Ltd. Appoints Board Chairman Mariane Hasold-Schilter is new Chairman and Director of the board
May 05, 2017
Scotianbank (Bahamas) Ltd. Appoints Board Chairman Mariane Hasold-Schilter is new Chairman and Director of the board
Scotiabank (Bahamas) Limited is pleased to announce the appointment of Marianne Hasold-Schilter as Director and Chairman of the Board...
Ingraham calls for retirement of Hall
May 04, 2017
Ingraham calls for retirement of Hall
FORMER Prime Minister Hubert Ingraham last night called on Prime Minister Perry Christie to "immediately retire" Parliamentary Commissioner Sherlyn Hall for the "chaos" at the advanced polls yesterday morning that caused the country "great international embarrassment" and discouraged Bahamians from voting...
May 04, 2017
Scotiabank (Bahamas) Ltd. Supports International Beach Soccer
The Bank is a National Supporter of FIFA Beach Soccer World Cup Bahamas 2017...Scotiabank (Bahamas) Limited is a proud National Supporter of The FIFA Beach Soccer World Cup Bahamas 2017...
Paul McWeeney Appointed President of Sunshine
April 19, 2017
Paul McWeeney Appointed President of Sunshine
We are pleased to advise that the board of Directors of Sunshine Insurance (Agents & Brokers) Ltd., has approved the appointment of Paul J.I. McWeeney to the Presidency of the Company. On April 3, 2017 he begins his first day in the role...
AI, Barclays names Bahamas-based Sterling Global Financial Income Fund Best for the 5th Year
April 18, 2017
AI, Barclays names Bahamas-based Sterling Global Financial Income Fund Best for the 5th Year
For the fifth consecutive year, a Sterling Global Financial fund has taken top honours in a merit-based AI Barclay?s Hedge Fund awards division while for the first time its parent company has been named Best Fund Manager - Bahamas, with some 15,000 funds from around the world competing in diverse categories for the prestigious awards...
April 13, 2017
CIBC FirstCaribbean CELEBRATES eight exceptional employees
Five women topped the list of eight exceptional employees who were recently feted for their outstanding performance in 2016 by regional bank CIBC FirstCaribbean and its parent CIBC.
Commonwealth to Open Spanish Wells Branch
April 13, 2017
Commonwealth to Open Spanish Wells Branch
Commonwealth Bank announced today that the Board of Directors has approved the opening of a branch in Spanish Wells. ?I am very pleased to say that, as we have been sending our project management team to the island, Commonwealth Bank...
April 11, 2017
CIBC FirstCaribbean Sponsors Carifta Swimming & Water Polo Championships
For the past five years, CIBC FirstCaribbean International Bank has been a proud sponsor of the National CARIFTA Swimming and Water Polo Team. This year, the bank continued to support Team Bahamas and the Bahamas Swimming Federation...
April 10, 2017
Cornertrader.com Opens Branch Office in Western New Providence
Corn?r Bank/Corn?rTrader.com recently held a reception for the opening of their new branch office located in Old Fort Bay Towne Centre, Nassau, Bahamas...
April 07, 2017
PM Christie: Financial Performance 'Adversely Influenced' by Hurricane Matthew
uring his recent Communication in the House of Assembly on ?The Bahamas' Fiscal Performance in the First Half of 2016/2017,? Prime Minister and Minister of Finance the Rt. Hon. Perry Christie...
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