Search results for : bahamas bank
Scotia Hosts Island-Wide School Tour
January 26, 2024
Scotia Hosts Island-Wide School Tour
NASSAU, BAHAMAS - In preparation for the event, Scotia Bank, the official bank of Jr. Junkanoo is taking the initiative by hosting a school tour to build momentum.
RBC donates $20k to local organizations
January 26, 2024
RBC donates $20k to local organizations
NASSAU, BAHAMAS — RBC Royal Bank celebrated the commitment of nearly 100 colleagues from across the globe, during the RBC Global Citizens Conference, held from January 18-23, in The Bahamas; RBC made separate donations of $10,000 to two local organizations during the conference and the Global Citizens also engaged in two hands-on community initiatives with [...]
Scotiabank Hosts CV Bethel pep rally
January 24, 2024
Scotiabank Hosts CV Bethel pep rally
NASSAU, BAHAMAS — Scotiabank—the Official Bank of Jr Junkanoo and sponsor of the 2024 Jr Junkanoo Parade—took its "Scotiabank Jr Junkanoo School Tour" to CV Bethel Senior High School Wednesday afternoon to boost enthusiasm ahead of their big showdown on Bay Street during the upcoming cultural parade slated for Thursday, January 25, 2024. Scotiabank officials, [...]
January 22, 2024
More refined perspective to improve preparation for, recovery from, natural disasters
Minister of State in the Office of the Prime Minister with responsibility for Disaster Risk Management, the Hon. Leo Lundy, said Friday that the new year will bring a more refined perspective and focus on how the country prepares for, responds to and recovers from potential natural disasters – including hurricanes, the major natural disaster that impacts the Commonwealth of The Bahamas.
Eugene Dupuch Law School joins forces with The University Of The Bahamas on Legal Education Initiative
January 19, 2024
Eugene Dupuch Law School joins forces with The University Of The Bahamas on Legal Education Initiative
In alignment with its commitment to delivering top-tier legal education across the region, the Council of Legal Education at Eugene Dupuch Law School (EDLS) is proud to announce a groundbreaking collaboration with the University of The Bahamas’ NorthernCampus (UB North) on its UB-IGNITE project. Launched in 2023, this initiative is the result of a strategic alliance between the Inter-American De...
January 19, 2024
IDB highlights Bahamas' foreign debt surge over last two decades
NASSAU, BAHAMAS — A recently released report from the Inter-American Development Bank (IDB) highlights a significant surge in The Bahamas' foreign debt, escalating from 13.6 percent to 44.4 percent over the last two decades, as of 2023. The report, titled "Dealing with Debt in the Caribbean," is part of the Caribbean Economics Quarterly report series. [...]
PHA: Levels At The Bank Are Critically Low
January 13, 2024
PHA: Levels At The Bank Are Critically Low
NASSAU, BAHAMAS - While the holiday season may be over, you can still give the gift of blood. The Public Hospital Authority recently issued an appeal for blood donations at the blood bank and laboratory at the Princess Margaret Hospital.
January 15, 2024
The Bahamas secures $500 million 10-year commercial loan via IDB guarantee
Well-known banker calls for more transparency on interest rates and guarantee conditions. NASSAU, BAHAMAS — The Bahamas has closed on a $500 million 10-year commercial loan leveraging a policy-based Inter-American Development Bank (IDB) guarantee the government has announced, with a well-known banker noting that its announcement lacked several vital details such as the interest rate [...]
Opposition reiterrates concerns over The Bahamas' fiscal trajectory and growth prospects
January 15, 2024
Opposition reiterrates concerns over The Bahamas' fiscal trajectory and growth prospects
NASSAU, BAHAMAS — The Opposition is again expressing concerns about the Bahamian economy's fiscal trajectory and growth prospects, as the World Bank recently reduced the country's economic growth forecast for 2024 to 1.8 percent. East Grand Bahama MP and Opposition Shadow Finance Minister Kwasi Thompson, in a statement, questioned what the downgrade in the [...]
Press Statement on the Davis Administration's Expansion of Opportunities for Homeownership for Bahamians
January 12, 2024
Press Statement on the Davis Administration's Expansion of Opportunities for Homeownership for Bahamians
The Davis Administration remains committed to making homeownership more affordable and accessible for the people of the Bahamas. We have already implemented a range of policies that mark significant progress in this direction:
January 12, 2024
Carnival Corp appoints Grand Bahama native to new top post
NASSAU, BAHAMAS — Carnival Cruise Corporation has announced that Grand Bahamian Philcher Grant-Adderley has been named Director of Public Affairs and Community Engagement, a new role that the company said will be crucial to its ongoing efforts to deepen its relationship with The Bahamas. Grant Adderley, a well-known and respected figure throughout the Grand Bahama [...]
January 12, 2024
Don't sell 'false dream' on country's debt situation, banker warns
NASSAU, BAHAMAS — A well-known banker has warned against selling 'a false dream' that the country's debt situation has significantly improved, stating: "We have to pay the piper at some point." Gowon Bowe, the Fidelity Bank (Bahamas) chief executive while addressing the Rotary Club of West Nassau on Thursday also lamented that the country's taken [...]
Too many Bahamians unable to afford homes, PM says
January 12, 2024
Too many Bahamians unable to afford homes, PM says
NASSAU, BAHAMAS — Prime Minister Philip Davis has lamented that homeownership has been out of the reach of many Bahamians, stating: "We must resolve to change this reality." "As we maintain our focus on reducing the cost of living and creating more opportunities for Bahamians, affordable homeownership opportunities are an essential component of our blueprint [...]
January 11, 2024
33rd annual Bahamas Business Outlook set for January 25
NASSAU, BAHAMAS — Under the 2024 Bahamas Business Outlook Series theme, "Future Bahamas: Branding the National Identity and Planning for Success", the 33rd Annual Bahamas Business Outlook (BBO) will be held as a hybrid event, on Thursday, 25 January with onsite activities taking place at the Baha Mar Convention Centre. Highlighting the event will be [...]
Bahamasas Financial Services Board names new CEO
January 09, 2024
Bahamasas Financial Services Board names new CEO
NASSAU, BAHAMAS — The Bahamas Financial Services Board (BFSB) has a new chief executive, with Mrs Neikia Horton to assume the post effective February 1. Horton succeeds Dr Tanya McCartney, who completed an eight-year tenure as BFSB's CEO at the end of 2023. The announcement was made by LaTonia Symonette-Tinker, BFSB's Chairman. Horton, an experienced senior [...]
January 02, 2024
Central Bank relaxes lending rules for residential mortgages
NASSAU, BAHAMAS — The Central Bank has announced that it is relaxing the lending rules for residential mortgages provided by domestic banks and credit unions by revising the minimum equity injection requirement, a move expected to alleviate the financial burden for qualified borrowers and allow some additional individuals to qualify for credit. The Central Bank [...]
Windermere Group celebrating 20 years of success at the cutting-edge of global wealth management
December 20, 2023
Windermere Group celebrating 20 years of success at the cutting-edge of global wealth management
NASSAU, BAHAMAS — The Windermere Group is celebrating two decades of success in global wealth management. Founded on the concept of blending the capabilities and gravitas of an international wealth management organization with the ethos and personal touch of a boutique firm, Windermere says it has thrived by offering a network of innovative and collaborative [...]
December 19, 2023
CIBC First Caribbean International Bank sees 74 percent increase in net income
NASSAU, BAHAMAS — First Caribbean International Bank (FCIB) saw a strong financial performance for its 2023 fiscal year with a net income of $122.3 million, up 74 percent from the previous year. Jacqui Bend, the bank's managing director, commenting on the bank's performance for the year ended October 31st, noted, "The bank delivered a strong [...]
December 18, 2023
Sand Dollars in circulation increase to $1.46 million
NASSAU, BAHAMAS — The volume of the Sand Dollar digital currency in circulation increased to $1.46 million as of November, representing an approximately 40 percent increase over the first 11 months of the year, according to the Central Bank. Through September, 117,610 digital wallets were reported to be in use, an increase of 25 percent [...]
December 14, 2023
Milo Butler Investments completes final phase of $12 million downtown Freeport Project
NASSAU, BAHAMAS — Milo Butler Investments has officially completed phase two of a $12 million investment project in downtown Freeport. Company board members joined government officials and Grand Bahama business leaders at a soft opening and building renaming ceremony. On hand for the event were Kingsley Smith, Member of Parliament for West End Grand Bahama [...]
December 14, 2023
Milo Butler Investments Completes Final Phase of $12M Downtown Freeport Project
Today, Milo B. Butler & Sons Investment Company Ltd. (Milo Butler Investments) officially completed phase two of a $12 million investment project in Downtown Freeport. Company board members joined government officials and Grand Bahama business leaders at a soft opening and building renaming ceremony. On hand for the event were the Hon. Kingsley Smith, Member of Parliament for West End Grand Bahama...
December 14, 2023
Bimini authorities investigate alleged drowning incident
NASSAU, BAHAMAS — Bimini police are investigating an alleged drowning incident that has claimed the life of an adult male. Initial reports indicated that a captain of a fishing vessel reported to authorities around 3:00 p.m. on Tuesday, December 12 2023, that a crew member was retrieved from waters near Cay Sal Bank unresponsive following [...]
Central Bank releases digital asset regulations
December 13, 2023
Central Bank releases digital asset regulations
NASSAU, BAHAMAS — The Central Bank has released its Digital Asset Guidelines for 2023, outlining the regulatory expectations for supervised financial institutions (SFC) regarding exposure to digital assets activities. The guidelines also aim to identify and establish best practices for effective risk management, with the regulator assuring that there were no conflicts with the DARE [.....
December 12, 2023
Deltec Foundation awards $10k, mentorship to Blue Water Organic Farms
NASSAU, BAHAMAS — Michael Johnson became the first Family Island-based winner of the Deltec Young Entrepreneurs Award, which comes with a $10,000 investment in his aquaponic shrimp farm in Grand Bahama. "I would've been surprised if my name wasn't called," Johnson said after DIYE chairman, Robert Turnquest announced him as the winner. Johnson, along with [...]
Minister Moxey says GB should become the hub from which innovative initiatives are birthed
December 11, 2023
Minister Moxey says GB should become the hub from which innovative initiatives are birthed
Minister for Grand Bahama, the Hon. Ginger Moxey believes that the University of the Bahamas’ Ignite mission to support national development and economic growth through the promotion and support of sustainable, entrepreneurial innovation in Grand Bahama and across The Bahamas, also supports her government’s Blueprint for Change for a more dynamic, inclusive economy through the formation of new...
December 05, 2023
Cornèr Bank Invests in the Future of Bahamian Art with $20K Scholarship
Cornèr Bank (Overseas) Limited is proud to announce a $20,000 scholarship donation to the University of The Bahamas (UB), supporting aspiring Bahamian artists. The Cornèr Bank Direct Art Scholarship Award, formalized through a Memorandum of Understanding signed on Wednesday, November 22, 2023, will benefit eligible undergraduate students pursuing a full-time Associate of Arts degree in Art.
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
December 06, 2023
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
NASSAU, BAHAMAS — The Bahamian economy sustained its growth trajectory in the third quarter, although at a "moderate pace," supported by healthy gains in the tourism segment and several small to medium-scale foreign direct investment projects, according to the Central Bank. The Preliminary indications are that during the third quarter of 2023, the Bahamian economy [...]
People's Junkanoo Practice Rush
December 01, 2023
People's Junkanoo Practice Rush
NASSAU, BAHAMAS - Bay Street coming alive Thursday night as Scotia Bank prepared to host its 2023 People's Choice Juknanoo Practice Rush.
Partnership Between Fidelity And Cash & Go
November 25, 2023
Partnership Between Fidelity And Cash & Go
NASSAU, BAHAMAS - Our News is learning more about how banking will work at Fidelity's new physical location in Exuma. The new hybrid office is a partnership between Fidelity bank and Cash & Go.
November 22, 2023
Leadership Changes Underway at Department of Labour as New Director is Appointed
The Ministry of Labour and the Public Service has announced the appointment of attorney, Howard Thompson, as the new Director at the Department of Labour. His predecessor, Robert Farquharson, has been elevated to serve as the Executive Manager of Special Projects.
Search Options
Filter:
Sponsored Ads
