Search results for : bahamas bank
November 21, 2023
Salvation Army Red Kettle Drive Launches with $10,000 CIBC FirstCaribbean Donation
Salvation Army volunteers are gearing up to ring the non-profit organization’s iconic bells across New Providence, Grand Bahama and Eleuthera. The hallmark Red Kettle Drive recently launched under the theme ‘Giving Hope Today’ and featured Christmas carols, storytelling and musical performances, along with the campaign’s first donation made by CIBC FirstCaribbean.
November 20, 2023
Government collaborating on banking access solutions for the Family Islands
NASSAU, BAHAMAS — The Davis administration in collaboration with the Central Bank and the Clearing Banks Association is working on viable solutions to address banking access in the Family Islands according to Acting Prime Minister and Acting Minister of Finance Chester Cooper, while acknowledging that there is still frustration at the national level with banks [...]
November 20, 2023
Credit demand up nearly 10 percent over the first six months
NASSAU, BAHAMAS — Credit demand increased by nearly 10 percent in the first six months of the year, according to the Central Bank's latest data. The regulator in its quarterly bank lending conditions survey report noted that the latest survey of commercial banks signaled an improvement in bank lending conditions and credit demand in the [...]
November 14, 2023
RBC Donates $20K to University of The Bahamas' School of Nursing
NASSAU, BAHAMAS - RBC Royal Bank (Bahamas) Limited has made a $20,000 donation to the University of The Bahamas' School of Nursing and Allied Health Professions.
Long Island Business Outlook set for November 16
November 10, 2023
Long Island Business Outlook set for November 16
NASSAU, BAHAMAS — The 9th Annual Long Island Business Outlook is scheduled for Thursday, November 16, at the Clarence Town Community Centre. The hybrid event will be hosted both in person and online via Zoom under the theme "Forward, Upward, Onward, Together," discussing "a Bold Vision for Long Island". Delivering the keynote address will be [...]
November 10, 2023
RBC Officially Opens Prince Charles at One East Plaza
NASSAU, BAHAMAS - In the spirit of community, growth and commitment, Royal Bank Bahamas Limited marked the official opening of its relocated Prince Charles branch, with a generous donation of $25,000 to the Great Commission Ministries Children's Club.
November 09, 2023
ArawakX hits out at regulator's top exec over "ill advised" conversations with BOB
NASSAU, BAHAMAS — ArawakX has strongly criticized the Securities Commission's top executive for what it has deemed an "ill-advised and prejudicial conversation" with the Bank of the Bahamas (BOB) regarding their alleged negotiations on a settlement with the BISX-listed lender, asserting that it had submitted a settlement proposal at the bank's request. In an affidavit [...]
November 06, 2023
Significant progress being made on $15 million GB solar project
NASSAU, BAHAMAS — The Lucayas Solar Power project, a pioneering initiative on Grand Bahama, is making significant strides in collaboration with Lucayas Solar Power Ltd (LSP), The Grand Bahama Power Company (GBPC), and The Inter-American Development Bank (IDB) toward providing sustainable, clean energy for The Bahamas, advancing an eco-friendly and energy-efficient future. The first phase [.....
Celebrating 30 Years of Jolly
November 01, 2023
Celebrating 30 Years of Jolly
The Bahamas National Trust’s (BNT) popular annual Christmas festival, “Jollification,” will welcome attendees to The Retreat Garden on Village Road between Saturday, November 18 and Sunday, November 19 from 11am to 8pm. This year the festival celebrates its 30th Anniversary and will feature over 80 talented artisans with wonderful crafts, jewelry, and gift items on sale.
October 31, 2023
Central Bank Governor: Economy Undergoing Healthy Recovery
NASSAU, BAHAMAS - The third quarter of 2023 showing a healthy recovery of the Bahamian economy. The data according to Central Bank Governor, John Rolle.
November 01, 2023
Savings bond iniative still to be launched by year's end says Central Bank Governor
NASSAU, BAHAMAS — The Central Bank said that it still expects to launch a savings bond scheme by the end of the year. This initiative aims to cultivate a stronger culture of savings among Bahamians. Governor John Rolle, speaking at a press conference on the Monthly Economic and Financial Developments report, stated: "Regarding the savings [...]
Sandilands to Host 2nd Art Competition and Auction
October 23, 2023
Sandilands to Host 2nd Art Competition and Auction
Sandilands Rehabilitation Centre (SRC) is set to host its 2nd Art Exhibition, Competition, and Auction onOctober 27, 2023, in remembrance of the late Malcolm Rae, coinciding with World Occupational TherapyDay.
South Riding Point owner secures $71 million US EXIM Bank loan for energy terminal's relaunch
October 17, 2023
South Riding Point owner secures $71 million US EXIM Bank loan for energy terminal's relaunch
NASSAU BAHAMAS — The Liwathon Group, a global leader in the energy sector, has announced that it has secured approval from the US Export-Import Bank of the United States (EXIM) for a loan guarantee exceeding $71.3 million, which will support the upcoming relaunch of the South Riding Point energy terminal on Grand Bahama. Commenting on [...]
October 13, 2023
Central Bank to engage with commercial banks to boost Sand Dollar adoption
NASSAU, BAHAMAS- The Central Bank plans to collaborate with local commercial banks as part of its 2024 engagement strategy and leverage their existing customer base to boost the adoption of the Sand Dollar in the country executives said yesterday. They also noted that in the past several, there have been discussions with the government on [...]
October 11, 2023
Exuma Business Outlook to tackle conversation on infrastructure and growth
The 17th Exuma Business Outlook (EBO) is set for tomorrow, and the state of the island's airport will be a primary topic of discussion, as well as the economic boon the Exuma chain of islands is experiencing at the moment, Exuma Chamber of Commerce President Pedro Rolle alluded to in a press statement. "Whether you invest, live, ...
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Consumer prices up slightly in July
October 10, 2023
Consumer prices up slightly in July
In July the country's inflation rate increased by 0.6 percent when compared to June the Bahamas National Statistical Institute explained in its most recent Consumer Price Index for the month of July.
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.
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