Search results for : bahamas bank
June 23, 2023
PM Davis Addresses the Afreximbank 30th Anniversary and Annual Meeting, in Ghana
During his Official Remarks at the the Afreximbank 30th Anniversary & Annual Meeting (AAM2023), held on June 19, 2023, Prime Minister and Minister of Finance the Hon. Philip Davis offered his “heartfelt thanks” to the Government and People of Ghana, and the Afreximbank, for the “extremely warm welcome and generous hospitality” they bestowed on him and his delegation.
June 23, 2023
Central Bank urges banks to develop plans to manage risk
The Central Bank of The Bahamas (CBOB) yesterday released a framework for commercial banks to have in place enterprise risk management (ERM) moving forward, the CBOB said in a press statement. The CBOB said the release of the guidance notes means supervised financial institutions (SFIs) - commercial banks - will be required to submit their ...
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Independence from what?
June 23, 2023
Independence from what?
Dear Editor, I must once again give a salute to the amazing Lady Pam Burnside. She states the truth that this country will never move forward until the majority of the people are elevated to receive the goodness and richness of our land. Majority is ruled, rather than given the power to rule. It is ...
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Recent Storms Cost Country $4B
June 22, 2023
Recent Storms Cost Country $4B
NASSAU, BAHAMAS - The Inter-American Development Bank conducted a study that showed the impact of the last four major hurricanes in The Bahamas.
June 22, 2023
RBC commits as Jubilee sponsor for The Bahamas' 50th Independence celebrations
NASSAU, BAHAMAS — Royal Bank (Bahamas) Limited has announced its commitment as a Jubilee Sponsor towards The Bahamas' 50th anniversary of independence celebrations, with a significant contribution of $100,000. The contribution represents the highest tier of sponsorship emphasising RBC's support for The Bahamas and its dedication to helping local communities prosper. During a speci...
Government to improve DRM governance, work with IDB on implementation of the Disaster Risk Management Act
June 21, 2023
Government to improve DRM governance, work with IDB on implementation of the Disaster Risk Management Act
The Government of The Bahamas has agreed to engage in a Programme with the Inter-American Development Bank (IDB) -- the objective of which is to improve the country's governance for Disaster Risk Management (DRM), Minister of State in the Office of the Prime Minister, the Hon. Myles LaRoda said Tuesday.
Mr. Alfred Kemp Jr.
June 21, 2023
Mr. Alfred Kemp Jr.
Funeral service for the late Mr. Alfred Kemp Jr. age 63 years of #32 Alexandria Boulevard, Nassau Village will be held on Saturday, June 17th, 2023, at 12:00 noon at Transformation Ministries International, #11 Dignity Gardens. Officiating will be Suffragan Bishop Ezekiel Munnings & Pastor Calvin Kemp assisted by other ministers of the gospel.
June 21, 2023
53 MSMEs Receive Women Entrepreneurs Standalone Grant
A ceremony celebrating the 53 micro, small and medium enterprises (MSME) that have been approved for the Women Entrepreneurs Standalone Grant was held at the Small Business Development Centre (SBDC), Monday, June 19, 2023. The enterprises will receive funding for up to $10,000.
Minister Moxey says new budget for Grand Bahama is people-focused and moving in the right direction
June 21, 2023
Minister Moxey says new budget for Grand Bahama is people-focused and moving in the right direction
Minister for Grand Bahama, the Hon. Ginger Moxey says the 2023-2024 budget for the island of Grand Bahama is a step in the right direction “and it remains people-focused to bring relief to our people who are in need and to develop programs and initiatives that empower our people, in collaboration with local and international organizations, to enhance the quality of life for our people and improv...
June 19, 2023
Work In Progress: Funding and Partnerships Key to Road Safety
NASSAU, BAHAMAS - The Caribbean Development Bank (CDC) is doing its part in funding and ensuring road safety in all of its member countries, The Bahamas included.
RF Celebrates Excellence Among Primary Students
June 19, 2023
RF Celebrates Excellence Among Primary Students
RF Bank & Trust (RF), a regional investment bank, recently sponsored the annual Bahamas Primary School Student of the Year Awards Program to honort wo exceptional students: Katalina Knowles from Lower Deadman's Cay Primary School as a finalist and Jaden Ferguson from High Rock Primary School as a semi-finalist.
Duke of Edinburgh Cup semifinals set for next Sunday
June 19, 2023
Duke of Edinburgh Cup semifinals set for next Sunday
The Governor General's Youth Awards (GGYA), in conjunction with Atlantis Paradise Island, is set to stage the 21st annual Duke of Edinburgh Cup Bahamas Semifinals on Sunday, June 25, starting at 8 a.m., at the Ocean Club Golf Course on Paradise Island, The Bahamas. The event will be held in a two-man scramble with the two top teams from the tournament earning ...
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US prosecutors to proceed to trial on charges in initial indictment against Bankman-Fried
June 17, 2023
US prosecutors to proceed to trial on charges in initial indictment against Bankman-Fried
NASSAU, BAHAMAS — US prosecutors say they are ready for trial on the eight charges in the initial indictment against FTX co-founder Sam Bankman-Fried. The development comes as a local Supreme Court judge has issued an injunction preventing the government from agreeing to a US request to try Bankman-Fried for additional offenses that were not [...]
Domestic bank profitability up 52 percent
June 16, 2023
Domestic bank profitability up 52 percent
The profitability of local banks increased during the final quarter of 2022, expanding by more than 52 percent, The Central Bank of The Bahamas revealed.
June 16, 2023
Trade mission to Africa bears fruit with Afreximbank MOU
A delegation representing the Caribbean Export Development Agency (CEDA), led by Minister for Grand Bahama Ginger Moxey, visited Nigeria and Ghana recently to source opportunities for cross border trade and cooperation between the African nations and the Caribbean, Moxey told Guardian Business yesterday.
June 16, 2023
Financial sector operations decline by 7.5 percent in 2022
NASSAU, BAHAMAS — The total financial sector operations in the country experienced a decline of approximately $11.2 billion or 7.5 percent in 2022, as revealed by a recent survey conducted by the Central Bank on the financial services sector. The survey for 2022 highlighted that the sector was affected by global economic developments, leading to [...]
Financial sector operations shrink 7.5% in 2022
June 15, 2023
Financial sector operations shrink 7.5% in 2022
Total financial sector operations reduced by 7.5 percent in 2022, The Central Bank of The Bahamas (CBOB) revealed in its just released survey on the gross economic contribution of the financial services sector in The Bahamas.
Visitor arrivals hit 2.6 million in Q1
June 15, 2023
Visitor arrivals hit 2.6 million in Q1
NASSAU, BAHAMAS – The Bahamas experienced a significant surge in visitor arrivals during the first quarter of the year, with a total of 2.6 million visitors according to the Central Bank. This marked a recovery of 92.3 percent compared to the same period last year, surpassing the growth of 1.4 million visitors seen in 2022. [...]
ArawakX hoping to go public in three years
June 14, 2023
ArawakX hoping to go public in three years
ArawakX Chairman and Chief Executive Officer D'Arcy Rahming Sr., in a video posted to Facebook, has revealed that his company intends to go public in the second quarter of 2025. He told Guardian Business yesterday that the move needs approval from the Securities Commission of The Bahamas. The idea is for the exchange to offer itself for public consumption on its ...
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Judge grants injunction blocking government consent to US request for post-extradition charges against FTX founder
June 14, 2023
Judge grants injunction blocking government consent to US request for post-extradition charges against FTX founder
NASSAU, BAHAMAS — An injunction has been granted by a Supreme Court judge, preventing the government from consenting to a request by the United States to try FTX founder, Sam Bankman-Fried, for additional offenses not covered under the original indictment that facilitated his extradition. Justice Loren Klein ruled that an injunction should be in place, [...]
ArawakX eyeing IPO by Q2 2025
June 14, 2023
ArawakX eyeing IPO by Q2 2025
A Bahamian crowdfunding platform is aiming to become a publicly traded company by the second quarter of 2025. D'Arcy Rahming Sr, ArawakX's chairman and chief executive stated, "ArawakX will be a publicly traded company by the second quarter of 2025. We expect to do an IPO by the second quarter of 2025. ArawakX would like [...]
Sand Dollar Educational Campaign Continues
June 12, 2023
Sand Dollar Educational Campaign Continues
NASSAU, BAHAMAS - The Central Bank of The Bahamas continuing its educational campaign on sand dollar by encouraging customers to use the digital currency for local purchases.
Matteo Davies awarded top honor
June 12, 2023
Matteo Davies awarded top honor
Matteo Giancyr Davies, 11, a sixth-grade student at Bishop Michael Eldon School (BMES), was selected for the 27th top honor from among 123 nominees in the 2023 Bahamas Primary School Student of the Year Foundation (BPSSYF) awards program. Matteo was awarded the REV You & Us Together $7,000 scholarship. Matteo, who was described as a ...
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Courtesy Call on Minister Halkitis by Board Members of the Bahamas Bureau of Standards and Quality (BBSQ)
June 12, 2023
Courtesy Call on Minister Halkitis by Board Members of the Bahamas Bureau of Standards and Quality (BBSQ)
The Bahamas Bureau of Standards & Quality has formally begun its industrial metrology service, funded by the 11th European Development Fund (EDF) Economic Partnership Agreement (EPA) and the CARICOM single market Economy (CSME) standby facility for capacity building, managed by the Caribbean Development Bank.
Courtesy Call on Minister Halkitis by Board Members of the Bahamas Bureau of Standards and Quality (BBSQ)
June 08, 2023
Courtesy Call on Minister Halkitis by Board Members of the Bahamas Bureau of Standards and Quality (BBSQ)
The Bahamas Bureau of Standards & Quality has formally begun its industrial metrology service, funded by the 11th European Development Fund (EDF) Economic Partnership Agreement (EPA) and the CARICOM single market Economy (CSME) standby facility for capacity building, managed by the Caribbean Development Bank.
June 08, 2023
PM quiet on fixing 'serious banking problem', says Thompson
The Opposition's Shadow Minister for Finance Kwasi Thompson criticized the government yesterday for saying nothing on the dissatisfaction with commercial banks in The Bahamas. Thompson said given the continued public criticism of the banking sector by ministers in the governing party, he was surprised that nothing was said by Prime Minister and Minister of Finance Philip ...
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June 08, 2023
Central Bank Sand Dollar Top Up Launched At Super Value
NASSAU, BAHAMAS - Sand Dollar is on the move. This as the Central Bank of The Bahamas is continuing its educational campaign by encouraging customers to use Sand Dollar for local purchases.
June 07, 2023
First Caribbean sees 'solid' Q2 results with $31.6 million net income
NASSAU, BAHAMAS — First Caribbean International Bank (Bahamas) reported a $31.6 million net income for its second quarter, up 14.5 million from the same period in the prior year. The BISX-listed lender in its Q2 2023 quarterly financials noted that it saw another quarter of solid results, with a second-quarter net income of $31.6 million, [...]
June 06, 2023
UB IGNITE program focusing on launching, growing businesses
With the goal of sparking entrepreneurship and innovation in Grand Bahama, the Inter-American Development Bank (IDB-Lab), in partnership with the University of The Bahamas-North, last week officially launched the UB IGNITE program. "The program is free to all Bahamians," Coordinator Joye Ritchie said. "If you are in business already or if you have a business ...
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June 02, 2023
STAY TUNED: Halkitis says NIB issue will be addressed during budget debate
NASSAU, BAHAMAS — While prime minister Philip Davis made no mention of the National Insurance Board (NIB) during his 2023/2024 budget contribution, he will address the issue when he kicks off the budget debate, Economic Affairs Minister Michael Halkitis assured. NIB's current state was predicted more than two decades ago by its seventh actuarial review—completed [...]
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