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Remarks of Senator Carl W. Bethel QC, Attorney-General at the Virtual Symposium of the Ministry of Financial Services
May 21, 2020
Remarks of Senator Carl W. Bethel QC, Attorney-General at the Virtual Symposium of the Ministry of Financial Services
Today I address you remotely, in this the ‘new normal’ and pray for a speedy return to a true normal, with health and safety for all...
Remarks by Hon. Elsworth N. Johnson Minister of Financial Services, Trade & Industry Immigration
May 20, 2020
Remarks by Hon. Elsworth N. Johnson Minister of Financial Services, Trade & Industry Immigration
I would like to start by thanking my colleague Ministers for joining us today. I want to assure industry that as it relates to any issues that may impact our jurisdiction’s brand, we are taking a whole-of-government approach. We are working together...
Sunshine Holdings employee receives Chairman's Award
December 24, 2015
Sunshine Holdings employee receives Chairman's Award
Christmas came early for employees of Sunshine Holdings Limited - one of whom walked away with the coveted Chairman's Award.
Success for young artists
November 10, 2016
Success for young artists
A HIGHLIGHT of Bahamas Insurance Month in October was an art competition open to all primary and secondary school students, in which C.C. Sweeting Senior High School students Cory Hamilton and Darjanique Green took the top two places.
May 05, 2020
Central Bank takes measures to preserve external reserves
With foreign reserves currently hovering at just above $2 billion and expected to be depleted to the $800 million to $1 billion range by the end of 2020, Central Bank of The Bahamas (CBOB)...
April 26, 2020
Statement on appointment of Economic Recovery Committee
The Cabinet Office today announced that Prime Minister the Most Hon. Dr. Hubert Minnis has appointed an Economic Recovery Committee...
April 24, 2020
National Blood Drive Aims to Collect 100 Pints of Blood
On Wednesday April 29th, 2020, the Blood Bank at the Princess Margaret will stage a national blood drive at the Thomas A. Robinson National Stadium...
April 07, 2020
More than 9,000 to receive unemployment benefit this week
More than 9,000 unemployment benefit claims valued at $4.5 million will be paid out this week through special arrangements the National Insurance Board (NIB) has made with companies, Minister of National Insurance and Public Service Brensil Rolle said...
April 02, 2020
Government Expands Support to All Self-Employed Persons Outside Tourism Sector
Special unemployment assistance programme will be expanded through the National Insurance Board, to all licensed self-employed persons who are impacted by the COVID-19 Emergency Orders...
April 01, 2020
17,000 unemployment claims to NIB do not include hotel workers
Brensil Rolle.Minister of Public Service and National Insurance Brensil Rolle said yesterday the 17,000 unemployment claims already filed by Bahamians amid the COVID-19 crisis do not include staff laid off by major resorts...
The Government and NIB Design Temporary Programme for Self-Employed who Rely on the Tourism Industry
March 30, 2020
The Government and NIB Design Temporary Programme for Self-Employed who Rely on the Tourism Industry
Due to forces entirely beyond their control, thousands of self-employed people who rely on the flow of cruise ship and stopover visitors, are now unable to make a living over the next few weeks Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said...
March 30, 2020
SBDC Rolls out the Government’s $20 Million COVID-19 Response
Deputy Prime Minister and Minister of Finance stated that last week the Small Business Development Centre (SBDC) rolled out the Government’s $20 million COVID-19 response, targeted to provide loans to small businesses, ranging from $5,000 to $300,000. Approved loans will have a payment grace period of four months...
NIB, SBDC and the Department of Social Services Have Rolled out Social and Economic Support Programmes
March 30, 2020
NIB, SBDC and the Department of Social Services Have Rolled out Social and Economic Support Programmes
Deputy Prime Minister and Minister of Finance announced that last week, the Department of Social Services, the National Insurance Board (NIB) and the Small Business Development Centre (SBDC), using the additional resources allocated by this government administration, rolled out social and economic support programmes...
Government expands unemployment assistance
March 30, 2020
Government expands unemployment assistance
Peter Turnquest.The government has expanded its unemployment assistance program to cover self-employed people outside the tourism sector, Minister of Finance Peter Turnquest said in the House of Assembly this morning....
Govt wants to speed up benefits to unemployed
March 24, 2020
Govt wants to speed up benefits to unemployed
The government wants hotel owners to advance unemployment benefits to laid off workers impacted by the tourism shutdown brought on by the COVID-19 pandemic, Prime Minister Dr. Hubert Minnis said in a national address last night...
NIB has 1.7bn in reserves to satisfy claims
March 27, 2020
NIB has 1.7bn in reserves to satisfy claims
THE Director of the National Insurance Board, Dr Nicola Virgil-Rolle, announced on Friday that NIB has about $1.7bn in its reserves to satisfy claims...
March 20, 2016
Sunryse and Citi Bahamas partner for successful Employee Shred Day
Last week, Citi Bahamas, in conjunction with Sunryse Information Management, hosted the company's first Employee Shred Day at its corporate headquarters on Thompson Boulevard.
NIB braces for 18,000 unemployment claims
March 24, 2020
NIB braces for 18,000 unemployment claims
Up to yesterday, the National Insurance Board (NIB) had received more than 1,000 applications for unemployment benefits from recently laid off hotel workers and is preparing to provide benefits for at least 18,000 people from the tourism sector that have been adversely impacted by the coronavirus (COVID-19) outbreak.
March 23, 2020
Government provides Business Continuity Loan Program for Small Businesses
Through the Access Accelerator Small Business Development Centre, the Government of The Bahamas has allocated $20 million to assist small businesses impacted by the COVID-19 outbreak...
Baha Mar To Close On March 25 Until Further Notice – Temporary Layoffs For Nonessential Staff
March 21, 2020
Baha Mar To Close On March 25 Until Further Notice – Temporary Layoffs For Nonessential Staff
Baha Mar will close until further notice starting March 25 at 3pm, with a temporary layoff of all nonessential staff...
NIB Adapts To Protect More Vulnerable Customers
March 19, 2020
NIB Adapts To Protect More Vulnerable Customers
THE National Insurance Board is now on “orange alert,” meaning the agency has streamlined processes to protect its more vulnerable customers and limit risks to staff in the wake of the threat of COVID-19...
Projected Contraction in Tourism Activity to have Adverse Impact on the Bahamas’ Foreign Exchange Reserves Position
March 18, 2020
Projected Contraction in Tourism Activity to have Adverse Impact on the Bahamas’ Foreign Exchange Reserves Position
Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest stated that the projected contraction in tourism activity will inevitably have an adverse impact on The Bahamas’ foreign exchange reserves position, which stood at a healthy $2,030 million at mid-March 2020...
NIB To Offer Assistance To Virus Victims
March 18, 2020
NIB To Offer Assistance To Virus Victims
THE National Insurance Board announced it will offer assistance to workers who have contracted the novel coronavirus or are quarantined due to exposure to the virus...
March 18, 2020
DPM Turnquest outlines phase one response to COVID-19
The Minnis administration will direct millions of dollars towards healthcare, social relief and other benefits for those directly impacted by the COVID-19 outbreak, Finance Minister Peter Turnquest announced today as he outlined the first phase of the government’s response to the health crisis...
March 18, 2020
NIB Activates Orange Alert Stage in COVID-19 Business Continuity Plan
The National Insurance Board (NIB) has activated its Business Continuity Plan (BCP) to address potential business disruptions, which may come as a result of COVID-19. NIB has been in contact with the National Coordinating Committee to ensure that the necessary actions are consistent with the national response...
Communique from the International Olympic Committee (IOC) regarding the Olympic Games Tokyo 2020
March 17, 2020
Communique from the International Olympic Committee (IOC) regarding the Olympic Games Tokyo 2020
Today, the International Olympic Committee (IOC) continued its consultations with all the stakeholders of the Olympic Games Tokyo 2020. The first took place with the International Olympic Summer Sports Federations. Those with the National Olympic Committees (NOCs), the athletes’ representatives, the International Paralympic Committee (IPC), other International Federations (IFs) and other stakeho...
March 10, 2020
Bahamians Resilient, But Must Work to Strengthen Disaster Management Frameworks
Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest said it is imperative for Bahamians to be open to knowledge sharing, given the new realities The Bahamas faces when it comes to catastrophic hurricanes...
Doris Johnson Senior High School Teachers and Students are Empowered about Travel and Tech
March 06, 2020
Doris Johnson Senior High School Teachers and Students are Empowered about Travel and Tech
Public high school students engaged employees of Airbnb with questions about the organization and how it works as the Ministry of Education, the Bahamas Hotel Tourism Association and the online marketplace continued its tourism education initiative...
Colina honoured by GAMA International Bahamas Company Founders receive awards at first ever banquet
March 05, 2020
Colina honoured by GAMA International Bahamas Company Founders receive awards at first ever banquet
Colina Insurance Limited’s Executive Vice Chairman, Emanuel Alexiou, and Board Member, Anthony Ferguson, recently received the founders’ award at General Agents and Managers Association (GAMA) International Bahamas’ inaugural awards banquet...
February 27, 2020
Environmental implications addressed ahead of BPC's April drill
As Bahamas Petroleum Company (BPC) gears up to spud its first exploratory oil well in April, Minister of the Environment and Housing Romauld Ferreira confirmed yesterday that all the loose ends regarding environmental safeguards have been tied...
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