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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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INSURER 'PURSUES' SCOTIABANK GROUP POLICY CONCERNS
March 01, 2012
INSURER 'PURSUES' SCOTIABANK GROUP POLICY CONCERNS
By NEIL HARTNELL
Tribune Business Editor
BAHAMAS First yesterday said it would be "quite aggressive in pursuing" complaints that Scotiabank (Bahamas) was directly contacting its mortgage clients and urging them to switch to the bank's group homeowners insurance coverage, adding that "representations" had already been made to industry regulators.
Patrick Ward, the general insurance carrier's pre...
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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September 11, 2023
Sand Dollars in circulation dip as wallet holders increase
The Central Bank of The Bahamas (CBOB) gave an update on its Sand Dollar project, which revealed that the number of Sand Dollars in circulation decreased by slightly less than 20,000 between June and August, while the number of consumer wallets grew by some 5,000. The bank revealed that there is currently $1,076,064.05 of Sand Dollars ...
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September 08, 2023
PM Davis lauds 'important work' being done by UN/Bahamas partnership
Prime Minister and Minister of Finance the Hon. Philip Davis said, on September 7, 2023, that when he was advised that organizers were hosting a second partnership forum, he was thrilled to have another opportunity to congratulate them on the important work that was being done through partnerships in the Sustainable Development space in The Bahamas.
September 08, 2023
Fidelity to bring banking back to some Family Islands, if Exuma pilot is successful
Fidelity Bank Bahamas Ltd. is eyeing the establishment of representative branches on Eleuthera, Long Island and possibly Andros, if its Exuma pilot program performs as envisioned, the bank's Chief Executive Officer Gowon Bowe said yesterday.
All this talk about the Family Islands
September 07, 2023
All this talk about the Family Islands
Dear Editor, At the risk of sounding like a broken record, what is all this talk about the Family Islands being our hope for the future?
September 06, 2023
$1.5 Million pegged for CarQuest Reopening in Abaco by Early 2024
Four years after its Abaco location was destroyed by Hurricane Dorian in 2019, CarQuest is working to open its doors in Marsh Harbor, Abaco in January 2024.
'We are roaring back'
September 06, 2023
'We are roaring back'
Tourism numbers at the end of July were 66 percent ahead of where they were in 2022, Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper said yesterday, reiterating that his ministry expects tourism numbers to top the eight million mark this year.
September 06, 2023
Consumer Price Index for June showed tapering increase
The Bahamas National Statistical Institute (BNSI) released its Consumer Price Index (CPI) for June 2023 revealing that the monthly inflation rate in The Bahamas, which represents the overall change in prices, for 2023 increased by 0.1 percent when compared to May 2023.
September 06, 2023
$1.5 million pegged for CarQuest reopening in Abaco by early 2024
ABACO, BAHAMAS — Four years after its Abaco location was destroyed by Hurricane Dorian in 2019, CarQuest is working to open its doors in Marsh Harbor, Abaco in January 2024. Stephen Albury, President of CarQuest Bahamas, said a $1.5 million investment is being made to ensure the new location is ready to deliver on the [...]
September 05, 2023
Country's economy trending back to normal following COVID, says Central Bank
In the Central Bank of The Bahamas' (CBOB) Monthly Economic and Financial Developments (MEFD) for July 2023, published yesterday, the bank revealed that the country's recovery from the economic downturn due to the COVID-19 pandemic "neared completion" given the growth trajectory of the economy. "Preliminary indications are that during the month of July, the growth ...
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Risks to the economy from inflation still loom
September 05, 2023
Risks to the economy from inflation still loom
The Central Bank of The Bahamas' (CBOB) Monthly Economic and Financial Developments (MEFD) for July 2023 warned that high global prices and policies designed to fight against inflation could disrupt and weaken the travel market. For now, though, the Central Bank said that The Bahamas' gains in tourism continue to be strong. "However, as indicators return ...
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Inflation to lower to 3% by next year, IDB says
September 04, 2023
Inflation to lower to 3% by next year, IDB says
A recent report released by the Inter-American Development Bank (IDB) explains that inflation in The Bahamas is expected to decrease to about three percent this year and into next year, rated against the 4.1 percent rate recorded for March of this year. The Bahamas National Statistical Institute's (BNSI) latest Consumer Price index for May 2023, which ...
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Ministry of Finance Official Statement
October 14, 2020
Ministry of Finance Official Statement
Following the announcement of a US$600 million issue of 8.950% bonds on the international market, the Ministry of Finance advises the public that it will provide an update on all of the Government’s borrowing activities consistent...
Students Wrap Up CIBC Summer Internship
August 31, 2023
Students Wrap Up CIBC Summer Internship
As the school year begins, a record 73 interns spread across the diverse segments of CIBC FirstCaribbean are wrapping up a hands-on experience in multiple career disciplines featured in the regional bank.
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