Search results for : bahamas bank
Marie Ann Curtis
July 24, 2023
Marie Ann Curtis
Funeral Service for the late Marie Ann Curtis. Affectionately call Sugar foot Age 54 a resident of Sutton Street, will be held at Robinson Morris, AME Church, #3 Anthol Road, Ridgeland Park West, New Providence, The Bahamas on Saturday July 22nd, 2023 at 10:00am.
July 24, 2023
Debit card transactions up nearly 17 percent in 2022, according to Central Bank
NASSAU, BAHAMAS — The use of electronic payment instruments increased in 2022 according to the Central Bank, most notably with the value of debit card transactions increasing by nearly 17 percent to $2.3 billion. The Central Bank in its Financial Stability Report for 2022 noted that in terms of other electronic-based payment instruments, the value [...]
July 21, 2023
Deltec Bank says it is a 'victim' in fraud, money laundering probe
NASSAU, BAHAMAS — Deltec Bank has asserted that it is one of several 'victims' of a criminal fraud scheme being investigated by US authorities. US authorities recently seized millions of dollars held by the Lyford-Cay-based bank as part of an investigation into international money laundering, wire fraud, and bank fraud. The bank said in a [...]
US stock market investments app Prospuh launched
July 20, 2023
US stock market investments app Prospuh launched
The wait is now over for those wanting the Prospuh app, which brings US stock market investment to people's mobile phones, Prospuh founder and Chief Executive Officer N'Nhyn O'Cof told Guardian Business yesterday. The app, which launches today, will be available in 29 other countries next month. For those who had put their names on a wait list, they began to dive...
Deltec: Bank is not a target in fraud investigation
July 20, 2023
Deltec: Bank is not a target in fraud investigation
Bahamas-based Deltec Bank & Trust maintains that it is a victim in an ongoing fraud case, explaining in an exclusive statement sent to Guardian Business yesterday evening, that being named in US court documents that outline a fraud case does not amount to misconduct by Deltec. Deltec said in the exclusive statement that it is just one ...
The post Deltec: Bank is not a target in fraud in...
275 Migrants Apprehended By U.S. Coast Guard
July 19, 2023
275 Migrants Apprehended By U.S. Coast Guard
NASSAU, BAHAMAS - The Department of Immigration apprehended 275 irregular migrants intercepted by the U.S. Coast Guard near Cay Sal Bank Saturday.
US authorities seize millions of dollars from Deltec Bank in money laundering and fraud probe
July 19, 2023
US authorities seize millions of dollars from Deltec Bank in money laundering and fraud probe
NASSAU, BAHAMAS- US authorities recently seized funds million of dollars held by Lyford-Cay based Deltec Bank as part of an investigation into international money laundering, wire fraud, and bank fraud. Deltec Bank in a statement posted to its website said that it has been "proactively cooperating with the related investigation of the US Attorney's Office [...]
July 18, 2023
Debt Management Office Publishes the FY2023/24 Annual Borrowing Plan
Section 13 of the Public Debt Management Act, 2021 requires the Minister of Finance to ensure the publication of the government’s annual borrowing plan (ABP)—setting out the projected needs of the government, as contained in the approved annual budget, together with the various categories and nominal amounts of debt instruments to be issued by the government.
July 18, 2023
Babe Ruth Caribbean Championship set to start Thursday
Over 200 athletes are set to compete in the 2023 Babe Ruth Baseball Caribbean Championship and 16U Invitational, set to get underway this weekend at the Baillou Hills Sporting Complex and the Andre Rodgers National Baseball Stadium. The Bahamas will field teams in the 12-and-Under (12U) Division which is a qualifying outlet for the Cal Ripken Major/70 ...
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Government reveals annual borrowing plan
July 18, 2023
Government reveals annual borrowing plan
NASSAU, BAHAMAS — The government yesterday revealed its borrowing plan for the 2023/2024 fiscal year, as it forecasts gross financing needs of $2.1 billion for the period. "Based on the approved budget for the 2023/24 fiscal year, the government forecasts gross financing needs (GFN) of $2,198.7 million—consisting of $131.1 million to cover the budget deficit [...]
July 17, 2023
'Diversity' in All Bahamas Merit Scholarship applicants
Twenty-two candidates - 12 males and 11 females - have been interviewed by the All Bahamas Merit Scholarship (ABMS) Committee, with each having the opportunity to be awarded $140,000 ($35,000 per year) in scholarship money intended for undergraduate studies, tenable at accredited international colleges and universities.
July 14, 2023
Trinidad conglomerate acquires Bahamian Brewery minority stake
After receiving final regulatory approval from The Central Bank of The Bahamas on April 21, 2023 to purchase a minority stake in Bahamian Brewery and Beverage Company Limited (BBBCL), Trinidad and Tobago conglomerate ANSA McAL has announced the completion of its acquisition of shares in the Bahamian-owned company. In a communication, dated Wednesday, July 12, ...
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Deltec Sponsors National Sailing School
July 12, 2023
Deltec Sponsors National Sailing School
NASSAU, BAHAMAS - Deltec Bank announced that they are partnering with The Bahamas National Sailing School to sponsor lessons for ten sailors.
July 12, 2023
Deltec Bank sponsors the next generation of sailing talent
Deltec Bank and Trust Limited (Deltec Bank) is pleased to announce its sponsorship of the Bahamas National Sailing School, marking the country's 50th anniversary of Independence.
Five decades of economic growth
July 11, 2023
Five decades of economic growth
Tourism has largely been the impetus for economic growth in The Bahamas since the country became an independent nation. And the main source of that tourism has come from this country's closest neighbor, the United States (US). It is said that if the US catches a cold, The Bahamas sneezes. That analogy can steer the ...
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July 11, 2023
Central Bank sending out trained team to improve Sand Dollar uptake
The Central Bank of The Bahamas (CBOB) is set to deploy a team of Sand Dollar ambassadors across New Providence and the Family Islands this month, in its continuing effort to increase the adoption and use of the world's first central bank digital currency (CBDC), a CBOB statement said, adding that there is currently almost $1.1 ...
The post Central Bank sending out trained team to improve San...
July 11, 2023
Central Bank announces 'facelift' for SandDollar mobile wallet
NASSAU, BAHAMAS — The Central Bank has revealed that the its original SandDollar mobile wallet is undergoing a "facelift" to create a smoother interface and promote a better user experience, with a public release expected in September. In its recent SandDollar update, the regulator noted that during the month of June it continued its SandDollar [...]
SDGs conference to tackle economic growth
July 07, 2023
SDGs conference to tackle economic growth
The Bahamas' first-ever Sustainable Development Goals Conference will allow Bahamians to contribute to the dialogue on the issues that affect the economic prosperity of this country, as the public and private sectors work towards bringing the United Nations' Sustainable Development Goals (SDGs) to fruition, Head of Strategic Development and Initiatives at Bahamas Development Bank Sumayyah Car...
July 06, 2023
Deltec sponsors the next generation of sailing talent
Deltec Bank and Trust Limited (Deltec Bank) is pleased to announce its sponsorship of the Bahamas National Sailing School, to mark the country's 50th anniversary of independence. The sponsorship program will cover the costs associated with professional sailing lessons for 10 students and the purchase of new sailing boats for the school. Deltec Bank will ...
The post Deltec sponsors the next genera...
July 06, 2023
The Bahamas enjoying relatively low lending rates as other markets rise
As borrowing becomes more expensive in the US and in some Caribbean territories, The Bahamas continues to offer favorable rates, though commercial bank lending has contracted and non-performing loan rates remain higher than average, the bank's Vice President and District Head for the Caribbean Roger Archer told Guardian Business. Archer said The Bahamas has been fortunate to enjoy ....
July 05, 2023
VP: Scotiabank pilot project for family island banking in a few months
Scotiabank is passionate about finding a solution for the unbanked areas of The Bahamas, the bank's Vice President and District Head for the Caribbean Roger Archer told Guardian Business yesterday, adding that there could be a pilot project in just a few months.
BOB EVOLVE is JA Company of the Year
July 03, 2023
BOB EVOLVE is JA Company of the Year
Bank of The Bahamas Limited's (BOB) JA EVOLVE (Embarking on Visionary Opportunities while Living Valuable Experiences) is the Junior Achievement (JA) Company of the Year 2022-2023. BOB EVOLVE earned recognition for their achievements which included first places for product of the year for MuddaSick, their Bahamian Uno-inspired card game which features popular Bahamian comedians and ...
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RF Bank & Trust VP Talks 2023/2024 Budget
June 29, 2023
RF Bank & Trust VP Talks 2023/2024 Budget
NASSAU, BAHAMAS - RF talks the 2023/2024 budget and the recent announcement by the government that come 2024, the national insurance rate will increase.
June 29, 2023
Halkitis: Government to undertake comprehensive public sector compensation evaluation
NASSAU, BAHAMAS- The Ministry of Finance has allocated funding for a comprehensive evaluation of salaries among public sector staff- excluding Members of Parliament, with the findings to serve as a partial benchmark for future discussions on compensation within the public sector according to Economic Affairs Minister Michael Halkitis. During his contribution to the 2023/2024 budget [...]
RBC Partners with ADO, $50,000 donation with volunteers planting gardens to feed 150 households
June 28, 2023
RBC Partners with ADO, $50,000 donation with volunteers planting gardens to feed 150 households
Under a broiling sun, a team of 25 RBC volunteers planted rows of baby greens, reaching into an agricultural past to provide for a better tomorrow and transforming a parking area into a churchyard garden with enough fresh produce to assist up to 150 households.
Afri-Caribbean Marketplace coming to Grand Bahama
June 27, 2023
Afri-Caribbean Marketplace coming to Grand Bahama
Grand Bahama will soon be the home of an African-Caribbean Marketplace, which is expected to promote and distribute African and Caribbean products to the world.
June 27, 2023
Statement by Prime Minister Davis on the recent unemployment rate decline
Today, I’m proud to announce that our collective hard work is paying off. We’re driving down unemployment and getting our people back to work.
June 26, 2023
PM: Unemployment numbers show that country is headed in the right direction
NASSAU, BAHAMAS — Prime Minister Philip Davis said yesterday that the results of the latest labour force survey indicate that the country is headed in the right direction. While the 8.8 percent unemployment rate is lower than pre-pandemic levels, Davis stressed that his administration will not rest on its laurels. In a statement on the [...]
Fidelity Bank Coming To Exuma Soon
June 24, 2023
Fidelity Bank Coming To Exuma Soon
NASSAU, BAHAMAS - Family Islands could soon see commercial banks again beginning in Exuma says DPM and area Member of Parliament Chester Cooper.
Economic Potential For GB Is Great
June 24, 2023
Economic Potential For GB Is Great
GRAND BAHAMA, BAHAMAS - RF Bank & Trust Vice President & Group Head of Investment Management David Slatter says Grand Bahama is perhaps the most under-utilized resource in The Bahamas.
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