Search results for : bahamas bank
August 31, 2023
IDB report highlights Bahamas debt roll-over concerns
NASSAU, BAHAMAS — A close monitoring of debt trends and sound public debt management will be key this year and the next few years, according to an Inter-American Development Bank report, which noted that this nation could potentially face difficulties rolling over existing debt if market conditions continue to deteriorate. The Inter-American Development Bank's (IDB), [...]
All Bahamas Merit Scholarship runner-up and National Merit Scholarship recipients yet to be made public
August 28, 2023
All Bahamas Merit Scholarship runner-up and National Merit Scholarship recipients yet to be made public
While Hodari Prince, 17, is the All Bahamas Merit Scholar (ABMS), and was awarded the most prestigious scholarship awarded to a single Bahamian of $140,000 ($35,000 per annum) - the ABMS runner-up who is awarded $100,000 and which is the second highest level of merit scholarship awarded by the Government, has not been announced publicly.
Howard Randolph Thompson
August 24, 2023
Howard Randolph Thompson
Funeral service for Howard Randolph Thompson, 67 yrs., a resident of Munnings Drive, St. Vincent Road & formerly of Deep Creek, Eleuthera, will be held at St. Gregory Anglican Church, Carmichael Road, on Saturday, August 26, 2023 at 9:00 a.m. Officiating will be Canon Rev. Fr. S. Sebastian Campbell. Interment follows in Woodlawn Gardens, Soldier ...
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PM: Lessons learned from FTX collapse will propel The Bahamas' digital assets sector forward
August 24, 2023
PM: Lessons learned from FTX collapse will propel The Bahamas' digital assets sector forward
NASSAU, BAHAMAS — Prime Minister Philip Davis said yesterday that the lessons learned from the collapse of FTX will only strengthen this nation's digital assets framework and propel the sector forward. The Prime Minister made the comments while addressing the first-ever MasterCard Fintech Summit held in The Bahamas at the Rosewood, Baha Mar. He further [...]
August 23, 2023
IMF report stresses strengthening banking sector against failure
The International Monetary Fund (IMF) has released a report focused on strengthening the banking system against failures, by ensuring the safeguards in place as required by The Central Bank of The Bahamas (CBOB) are operationalized and sufficient. The IMF released a report called "Operationalizing the New Bank Resolution Framework and Amended Deposit Insurance Legislation", that ...
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August 22, 2023
Cooper: Less talk, more action on development of regional economy
The Caribbean does not have the "luxury" of just talking about innovation, cross-border trade and business development, and must make tangible steps to transform the regional economy, Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper said yesterday. Cooper was addressing the launch event for second annual Caribbean Investment Forum (CIF), scheduled ...
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Growth Matters Series: What is the economy?
August 21, 2023
Growth Matters Series: What is the economy?
As citizens of The Bahamas, we frequently ponder the intricate workings of our economy, questioning its sources of income and its influence on our daily existence. Since achieving independence, the economy has evolved into a more multifaceted entity, necessitating diversification and growth. However, despite implementing additional revenues, taxes, and procedures, the Bahamian economy has seemingl...
August 21, 2023
RBC announces relocation of Prince Charles branch to One East Plaza
NASSAU, BAHAMAS — RBC Royal Bank (RBC) has announced the relocation of its Prince Charles branch to a new, state-of-the-art location at One East Plaza, effective Monday, August 21. The bank said that the move reflects its commitment to clients in The Bahamas and the wider community by continually investing in redesigning and enhancing the [...]
August 20, 2023
RBC Prince Charles Branch Relocates To One East Plaza
NASSAU, BAHAMAS - RBC Royal Bank announced the relocation of its Prince Charles branch to One East Plaza, effective August 21.
August 17, 2023
Deltec Bank enters second half of 2023 poised for accelerated client growth
NASSAU, BAHAMAS — Deltec Bank and Trust Limited has released an update on its 2023 outlook, projecting continued growth. "As we head into the second half of 2023, Deltec Bank is strongly positioned for continued growth and outstanding performance," said Odetta Morton, CEO of Deltec Bank. "Deltec Bank's historical performance serves as a testament to [...]
August 16, 2023
Music Academy Receives Scholarship Donation from RF Bank & Trust
In a stride towards advancing the growth and cultural enrichment of theBahamas, RF Bank & Trust proudly announces a donation to the Bahamas Music Academy. This donation underscores the bank's unwavering commitment to the arts and its belief in the transformative role of music education for the nation's progress. The donation will provide a deserving young talent with a scholarship to receive world...
April 07, 2021
D’Aguilar: Attracting bread and butter tourist demographic still a challenge
While there was glimmer of a rebound in tourism over the Easter and Spring Break period, Minister of Tourism and Aviation Dionisio D’Aguilar said The Bahamas is still somewhat challenged in the return of its “bread and butter” demographic of visitors.
Hodari Prince is the 2023 All Bahamas Merit Scholar
August 14, 2023
Hodari Prince is the 2023 All Bahamas Merit Scholar
Queen's College graduate Hodari Prince, 17, is the newest All Bahamas Merit Scholarship (ABMS). He has been awarded $140,000 ($35,000) per year in scholarship money towards his studies at the University of Guelph where he will pursue biomedical engineering.
Gregory Damon Sears
August 11, 2023
Gregory Damon Sears
Funeral Service for the late Gregory Damon Sears "Gregs", aged 64 of Nelson Road, Freeport, Grand Bahama, will be held at 10:00 a.m. on Saturday 12th August, 2023 at Mary Star of the Sea Catholic Church, Sunrise Highway, Freeport, Grand Bahama. Officiating will be Fr. David Cooper assisted by other members of the clergy. Cremation ...
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August 09, 2023
PM: Afreximbank's $150 mil. commitment to region will likely double
Following a recent meeting with President of the African Export Import Bank (Afreximbank) Dr. Benedict Oramah, Prime Minister Phillip Davis revealed that the bank's commitment to make $150 million available to the Caribbean Community (CARICOM) will likely double, and a commitment to lend the Bahamas Development Bank $30 million is in the process of being ...
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Govt. Tackling Banking Issues On Family Islands
August 08, 2023
Govt. Tackling Banking Issues On Family Islands
EXUMA, BAHAMAS - DPM and Member of Parliament for Exuma and Ragged Island Chester Cooper insists commercial banks will return to the Family Islands.
Gregory Damon Sears
August 04, 2023
Gregory Damon Sears
Funeral Service for the late Gregory Damon Sears "Gregs", aged 64 of Nelson Road, Freeport, Grand Bahama, will be held at 10:00 a.m. on Saturday 12th August, 2023 at Mary Star of the Sea Catholic Church, Sunrise Highway, Freeport, Grand Bahama. Officiating will be Fr. David Cooper assisted by other members of the clergy. Cremation ...
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August 03, 2023
Central Bank to begin recovery of BISX trading fees in October
NASSAU, BAHAMAS — The Central Bank has announced that it will no longer absorb BISX trading fees effective October 1. The regulator noted that, in its capacity as Registrar and Transfer Agent for Bahamas Registered Stock and Treasury Bills, it purchases securities in the secondary market as needed to provide liquidity in cases where the [...]
August 02, 2023
Opposition urges government to expand small business and electricity assistance
NASSAU, BAHAMAS — The Opposition has slammed the Davis administration for failing to implement policies to reduce the effects of inflation on Bahamian families, as it urged the government to expand assistance for small businesses and electricity consumption. The Opposition's Shadow Finance Minister, while referencing recent remarks by Central Bank Governor John Rolle on the [...]
August 02, 2023
Deltec slams "meritless" claims by former FTX investor
Bank to file motions to dismiss lawsuits alleging it aided and abetted FTX founder in fraud NASSAU, BAHAMAS — Deltec Bank said yesterday that it plans to "vigorously" defend against what it described as "meritless" claims by an aggrieved FTX investor that it knowingly aided and abetted in fraud prior to the crypto exchange's infamous [...]
Central Bank Governor Shoots Down Recession Talks
August 01, 2023
Central Bank Governor Shoots Down Recession Talks
NASSAU, BAHAMAS - Central Bank Governor John Rolle dismissing fears of a possible recession. It comes after experts in the United States predicted a recession was coming.
August 01, 2023
Central Bank: Increased demand for overseas investment funding
NASSAU, BAHAMAS — Central Bank Governor John Rolle said yesterday that the regulator believes that additional refinements are now needed to sustain more retail investor access to overseas investment funding, noting that the demand for investment currency in particular has accelerated. Governor Rolle while speaking at a press briefing on the regulator's Monthly Economic and [...]
Power Costs Slows Inflation Decline
July 31, 2023
Power Costs Slows Inflation Decline
NASSAU, BAHAMAS - A decline in inflation is slow-moving when compared to other parts of the world, according to Central Bank Governor John Rolle.
ABMS candidates wait with bated breath
July 31, 2023
ABMS candidates wait with bated breath
The candidates that have met the qualifications for the All Bahamas Merit Scholarship (ABMS) are waiting with bated breath to see who will be awarded the prestigious $140,000 scholarship.
July 31, 2023
Tech improvements, customer initiatives earn Scotiabank another award
Scotiabank named Euromoney 2023 Best Bank in the Bahamas NASSAU, BAHAMAS - Scotiabank Bahamas has been voted the Best Bank in The Bahamas at the Euromoney 2023 Awards, the achievement was announced at a ceremony held in London on July 12. The Euromoney Award has created back-to-back acclaim for Scotiabank, which was also named by Global Finance [...]
July 31, 2023
Royal Fidelity announces first private equity opportunity in new fund
NASSAU, BAHAMAS — Royal Fidelity, a leading regional investment bank, announced the first investment opportunity in its new private equity fund, the RF Strat-Equity Fund. The first investment of the Fund is Easy Car Sales Ltd. ("ECS"), an innovative local Bahamian car retailer with distribution rights for BYD and JAC brands of all-electric vehicles. The [...]
Court Orders Second Trial For Bahamian Businessman
July 28, 2023
Court Orders Second Trial For Bahamian Businessman
NASSAU, BAHAMAS - The Court of Appeal has ordered a second trial for a Bahamian businessman for an alleged scheme to defraud the Post Office Savings Bank of $600,000.
July 26, 2023
Government committed to safeguarding country’s natural resources
Environment and Natural Resources Minister the Hon. Vaughn Miller underscored the government’s commitment to safeguarding and management of the nation’s natural resources.
July 25, 2023
CIBC FirstCaribbean Launches Walk for the Cure 2023 with $51,000 Donation
CIBC FirstCaribbean’s annual flagship fundraiser, Walk for the Cure (WFTC), generated $51,000 for major cancer care organizations across The Bahamas last year. Representatives from Sister Sister Breast Cancer Support Group, Cancer Society of The Bahamas and GD Sharing and Caring were recently presented with the funds raised as the bank launched WFTC 2023.
July 25, 2023
CIBC FirstCaribbean launches Walk for the Cure 2023 with $51K donation
CIBC FirstCaribbean's annual flagship fundraiser, Walk for the Cure (WFTC), generated $51,000 for major cancer care organizations across The Bahamas last year. Representatives from Sister Sister Breast Cancer Support Group, Cancer Society of The Bahamas and GD Sharing and Caring were recently presented with the funds raised as the bank launched WFTC 2023.
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