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This week in the Bahamas- Commentary by Elcott Coleby: April 18-22
"In recent years, The Bahamas has initiated several policies and programmes toward climate change adaptation and mitigation, which are largely in the early stages of implementation, due to capacity and other constraints...?
1.1B in revenue in first half of fiscal year
1.1B in revenue in first half of fiscal year
The 2015/2016 mid-year budget records all government revenue for the first six months of the fiscal year of $1.19 billion. Of that figure, total recurrent revenue was about $905 million.
New plant bill aimed at blocking invasive species
New plant bill aimed at blocking invasive species
Invasive plant species, like Scaevola (Hawaiian beach naupaka), Melaleuca (paper bark) and, of course, casuarina - which is associated with beach erosion, have adverse environmental, economic, even sociocultural impacts in The Bahamas, and new legislation is aimed at curbing or mitigating those effects going forward.
Steep decline in 'greenfield' FDI in region
Steep decline in 'greenfield' FDI in region
Foreign direct investment (FDI) inflows into The Bahamas are slowing against the backdrop of significantly tough times in FDI, particularly so-called greenfield FDI, as evidenced by the precipitous drop in capital investment dollars and noticeably fewer FDI projects in the region.
Smith: Income tax should feature in reform discussion
Income taxes must be considered in any reasoned discussion on the tax reform necessary to turn the country's economic outlook around, James Smith, the former State Minister of Finance, said yesterday.
Bahamas Seeks Trade Ties With Cuba
Bahamas Seeks Trade Ties With Cuba
The Bahamas and Cuba are seeking to bolster trade ties, particularly in the area of agriculture, as the United Nations prepares to vote on a U.S. embargo for the 21st time.
The Bahamas to Host 2024 Afreximbank Annual Meetings and AfriCaribbean Trade and Investment Forum
The Bahamas to Host 2024 Afreximbank Annual Meetings and AfriCaribbean Trade and Investment Forum
The Government of the Commonwealth of The Bahamas and African Export-Import Bank (Afreximbank) have today signed the Agreement for The Bahamas to host the 31st Afreximbank Annual Meetings (AAM) and the third edition of the AfriCaribbean Trade and Investment Forum (ACTIF). The AAM will be held in Nassau, The Bahamas, from 12 – 14 June 2024.
PM Davis: Afreximbank Meeting in The Bahamas - a new chapter in diasporic partnership, "where our collective strength is recognized as the tide that will lift all boats"
During his remarks at the Government of The Bahamas and the African Export-Import Bank Signing Ceremony for the Hosting Agreement for the 31st African Export-Import Bank Annual Meetings (2024), Prime Minister and Minister of Finance the Hon. Philip Davis said that it was “an important first for The Bahamas, as well as for Africa-Caribbean relations."
PM Davis: forging towards deeper ties between Africa and the Caribbean presents an ‘unprecedented opportunity’
PM Davis: forging towards deeper ties between Africa and the Caribbean presents an ‘unprecedented opportunity’
During his Remarks at the Bank of Botswana, in Gaborone, Prime Minister and Minister of Finance the Hon. Philip Davis noted that, in their collective journey towards forging deeper economic ties between Africa and the Caribbean, they were presented with “an unprecedented opportunity to innovate, leverage our strengths, and redefine the future of banking in our regions."
Prime Minister Davis's Remarks at the Bank of Botswana
Bridging Waters, Uniting Dreams: A New Financial Era for Africa and the Caribbean