Search results for : bahamas bank
Mitzie Turnquest dies at 48
October 10, 2023
Mitzie Turnquest dies at 48
Mitzie Turnquest, a well-known and well-loved entrepreneur, fashion lover, inspirational speaker, human resources leader, and promoter of women's and children's rights, died on Saturday afternoon after a brief illness. She was 48. Turnquest was proprietor of the popular women's boutique, Signature Styles, located on Marathon Road in New Providence. She celebrated 20 years in business ...
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Community leader Mitzie Turnquest dies
October 07, 2023
Community leader Mitzie Turnquest dies
NASSAU, BAHAMAS — Eyewitness News has learned that community leader Mitzie Turnquest passed away Saturday afternoon. Turnquest was well-known within the community as an entrepreneur and businesswoman. She was the owner of Signature Styles Boutique, a Director at the Bank the Bahamas, principal at The International School of Business, Entrepreneurship and Technology (ISBET), and a [...]
PM pays tribute after death of Mitzie Turnquest
October 07, 2023
PM pays tribute after death of Mitzie Turnquest
MITZI Turnquest, a director of the Bank of The Bahamas, died on Saturday after several days of treatment in hospital.
Exuma Business Outlook set for October 19
October 06, 2023
Exuma Business Outlook set for October 19
NASSAU, BAHAMAS — The 17th Exuma Business Outlook (EBO) is set for Thursday, 19 October 2023 as a hybrid event, on location at Sandals Emerald Bay in Georgetown, Great Exuma, and online via Zoom under the theme "Forward, Upward, Onward, Together." Delivering the keynote will be the Honourable I. Chester Cooper, Deputy Prime Minister of [...]
What Are The Takeaways?
October 04, 2023
What Are The Takeaways?
NASSAU, BAHAMAS - Multilateral banks have a laundry list of suggestions to take back to their headquarters following the Climate Finance in The Americas Meeting on Monday.
Central Bank: Tourism arrivals up 46.9%
October 04, 2023
Central Bank: Tourism arrivals up 46.9%
Total visitor arrivals year-to-date have increased by 46.9 percent compared to 2022 numbers, with sea arrivals dominating visitor numbers, according to the Central Bank of The Bahamas' (CBOB) latest Monthly Economic and Financial Developments (MEFD) for August 2023. In August, the Bahamian economy continued on its growth momentum as "the recovery from the COVID-19 pandemic neared ...
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Central Bank projects Bahamian economy to sustain growth momentum for remainder of the year
October 04, 2023
Central Bank projects Bahamian economy to sustain growth momentum for remainder of the year
NASSAU, BAHAMAS — The Central Bank is projecting that the Bahamian economy will sustain its growth momentum throughout 2023, largely bolstered by substantial increases in tourism output. Nevertheless, it is foreseen that the expansion rate will decelerate as various indicators gradually revert to their pre-pandemic levels. The Central Bank's projections were outlined in its August [......
ArawakX CEO fires back
October 02, 2023
ArawakX CEO fires back
Firing back at the Securities Commission of The Bahamas (SCB), ArawakX CEO and Chairman D'Arcy Rahming Sr. argued that his company is not insolvent and there was never any commingling of client funds. The SCB is seeking to wind up MDollaz Ltd., which operates as ArawakX. In an affidavit filed last week, Rahming said there was never any "substantive ...
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$30M Available For Bahamian Businesses From BDB
September 30, 2023
$30M Available For Bahamian Businesses From BDB
NASSAU, BAHAMAS - Funding for Bahamians businesses on the way. This as Cabinet has approved 30 million dollars for The Bahamas Development Bank.
Donald Geros Saunders
September 29, 2023
Donald Geros Saunders
Memorial Service Donald Geros Saunders, age 74 years, a resident of Palm Avenue, Nassau, New Providence, will be held at 11am, on Friday, September 29th, 2023, at St. Agnes Anglican Church, Baillou Hill Road and Grants Town, Nassau, New Providence. Officiating will be Rt. Rev'd Laish Z. Boyd, Venerable Keith N. Cartwright and Reverend Deacon ...
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September 29, 2023
Central Bank targets banks in Sand Dollar adoption strategy
The Central Bank of The Bahamas (CBOB) is preparing to engage the commercial banks more actively in order to boost Sand Dollar adoption, given that the commercial banks already have strong relationships with customers and merchants, CBOB Governor John Rolle said yesterday.
PASTOR LANCE IRVING WALLACE
September 28, 2023
PASTOR LANCE IRVING WALLACE
FUNERAL SERVICE for PASTOR LANCE IRVING WALLACE, Age 38 years of Boatswain Hill, who died on Sunday, September 10th, 2023 will be held on Saturday, September 30th at 1:00pm at Agape Church, Malcolm Road and Golden Palm Estates. Officiating will be Pastor Kellen Russell, assisted by Bishop Dr. David L. Braynen. Interment will be made ...
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September 28, 2023
ADO Chief: Agrarian Awards Kicked off a Turning Point in Farming History, Rekindled the ‘Pride and Joy’ in Agriculture
One week after seeds of hard work, sweat and passion bloomed at the Inaugural Agrarian Awards Ceremony, a first of its kind event designed to honour and reward farmers, the major funder of the ceremony said the event marked a turning point in farming history.
September 27, 2023
Retired Superintendent of the Royal Bahamas Police Force Stephanie Judith Demeritte
FUNERAL ANNOUNCEMENT Semi Military service for the late Retired Superintendent of the Royal Bahamas Police Force Stephanie Judith Demeritte age 65 years of Eastwood Estates will be held on Friday, September 22nd, 2023, at 11:00 a.m. at Church of God Auditorium, Joe Farrington Road.
2,800 apply so far for 300 jobs
September 27, 2023
2,800 apply so far for 300 jobs
Nearly 3,000 people descended on Andre Rodgers Baseball Stadium in New Providence yesterday to apply for 300 positions at the soon-to-be-open British Colonial hotel. Area Director of Human Resources and Training for The Pointe Latoya Kemp said 2,800 people came in person to the stadium. Today is day two of hiring for the British Colonial, ...
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September 23, 2023
Doctors Hospital secures financing to construct new hospital in Grand Bahama
NASSAU, BAHAMAS — Doctors Hospital Health System Limited ("DHHS") is aiming to revolutionize healthcare services on the island of Grand Bahama with plans to build a new hospital. Construction is scheduled to be completed in the fall of 2024 and is expected to significantly improve access to medical care for residents on the island. Offering [...]
Munroe defends scheme he said was fake news
September 21, 2023
Munroe defends scheme he said was fake news
NATIONAL Security Minister Wayne Munroe defended the Royal Bahamas Police Force's new arrest incentive system yesterday, comparing it to schemes for teachers or people who work in banks.
September 21, 2023
FCIB Bahamas reports $12 million year-over-year increase in Q3 net income
NASSAU, BAHAMAS — FirstCaribbean International Bank (Bahamas) has reported a $12 million year-over-year increase in its third-quarter net income. Jacqui Bend, the Bank's managing director, noted that the Bank's third-quarter net income was $30.9 million, up $12 million or 64 percent from the Bank's third-quarter net income of $18.9 million a year ago. For the [...]
We are a developed country; now start acting it
September 20, 2023
We are a developed country; now start acting it
Dear Editor, The World Bank classifies The Bahamas as a "high income, developed country", while the International Monetary Fund places our nominal wealth per capita as slightly higher than that of Japan. We have, in our independent history, never been a "middle income" country or even close. If that comes as some surprise to both ...
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September 19, 2023
Farmers Awarded Over $50K In Cash And Prizes At Agrarian Awards
A night brimming with excitement, melodious musical selections and history-making wins occurred at the first ever Agrarian Awards held at Margaritavile Beach Resort on September 16.
September 19, 2023
D3 Bahamas organizers hoping to rebuild trust in digital assets
The upcoming Finoverse D3 Bahamas Fintech conference, scheduled to be held at Atlantis next month, will hopefully help to refocus the blockchain and cryptocurrency market as the industry builds trust and clarity, especially in the regulatory space, Finoverse's Head of Strategy & Content Will Haskins told Guardian Business yesterday. He said the focus of this first ...
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SCB begins ArawakX winding up proceedings
September 19, 2023
SCB begins ArawakX winding up proceedings
The Securities Commission of The Bahamas (SCB) began winding up proceedings of Mdollaz Ltd., trading as ArawakX, after finding via investigations and interviews that the crowdfunding firm is insolvent, commingled company funds with investor money, and sold Mdollaz shares without SCB approval, according to an affidavit filed by the SCB's Executive Director Christina Ro...
The price of poverty
September 15, 2023
The price of poverty
A United Nations Development Programme (UNDP) report states that 14.8 percent of the Bahamian population lived below the poverty line in 2017. Targeted initiatives aimed at poverty eradication in The Bahamas have waned in national focus. No pervasive dynamic in a society exists in a vacuum, and it is hence essential for governments and the citizenry ...
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September 15, 2023
Foreign arrivals up 45 percent in Q2, Central Bank reports
NASSAU, BAHAMAS — Foreign arrivals to this destination grew by slightly over 45 percent to 2.4 million during the second quarter, according to data released by the Central Bank. In its quarterly economic review for June, the regulator noted that information from the Ministry of Tourism revealed that foreign arrivals grew by 45.2 percent to [...]
September 14, 2023
Economic growth sustained in first quarter of 2023, states Central Bank report
The Central Bank of The Bahamas' (CBOB) Quarterly Economic Review for June 2023 explained that during the second quarter of the year, the domestic economy continued on a positive growth trajectory. The report, which was released yesterday, explained that the growth indicators continue to point to the country transition back to a pre-pandemic state. "Tourism output ...
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Gunfire Exchanged In Attempted Armour Truck Robbery
September 13, 2023
Gunfire Exchanged In Attempted Armour Truck Robbery
NASSAU, BAHAMAS - An attempted armed robbery in broad daylight outside Bank of The Bahamas on Carmichael Road ended in gunfire.
Transforming Spaces Art Tour Returns
September 13, 2023
Transforming Spaces Art Tour Returns
he Transforming Spaces (TS) Committee is pleased to announce the return of their Art Bus Tour throughout New Providence for 2023. Dubbed “TS50” in honour of the country’s 50th Independence Anniversary, the event is scheduled for Saturday and Sunday, November 11th and 12th.
Youth Leaders Rewarded for SDG Impact
September 13, 2023
Youth Leaders Rewarded for SDG Impact
Kevanté Cash, Liam Miller and Wildaphenie Fils-Aíme are recipients of the Sustainable Development Goals Propel Youth Award presented by the Cable Cares Foundation. Presented in partnership with the Bahamas Development Bank (BDB) and United Nations Bahamas Resident Coordinator’s Office (UNRCO), the award will support the impactful social, economic, environmental or civic activity each recipient...
SECURITIES COMMISSION VS ARAWAKX: Company and regulator clash amid solvency concerns and legal battles
September 13, 2023
SECURITIES COMMISSION VS ARAWAKX: Company and regulator clash amid solvency concerns and legal battles
NASSAU, BAHAMAS — The Securities Commission yesterday revealed that it was investigating ArawakX amid solvency concerns and had suspended its registration at the end of August. Meanwhile, ArawakX executives accused the regulator of seeking to interfere in its ongoing court battle with the Bank of The Bahamas (BOB). D'Arcy Rahming, the company's Chairman and CEO, [...]
September 12, 2023
SunCash bringing cash withdrawals, deposits back to Family Islands
SunCash is bringing cash accessibility back to Family Islands with its fast pay kiosks, that allow users to deposit money directly into their bank accounts, SunCash representative Lori Russell told Guardian Business recently. Russell said the kiosks also allow residents in the areas they are in to pay utility bills and top up their mobile phone accounts. According ...
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