Franklyn R. Wilson Graduate Centre officially opens

Prime Minister Dr. Hubert Minnis officially opened the Franklyn R. Wilson Graduate Centre at the University of The Bahamas  Oakes Field Campus yesterday afternoon. The prime minister stressed that new $3 million facility will play a critical role in research to promote nation building. It is named after legacy donor to the institution and former College […]

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Hansard to launch new Bahamas-based insurance company

London Stock Exchange-listed company Hansard Global is opening a new insurance company in The Bahamas. In a statement released Thursday, Hansard Worldwide Limited (HWL) was granted an external insurance license by the Insurance Commission of The Bahamas (ICB) Wednesday, and is expected to begin trading near the end of this year. According to the statement, the […]

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Airspace negotiations continue, airlines to be taxed

The government and the United States (U.S.) resumed negotiations on the management of the country’s sovereign airspace on Tuesday. According to a statement released Wednesday, the purpose of the bilateral talks, is to formalize the current arrangement with an agreement that would detail the conditions under which the Federal Aviation Administration (FAA) would continue to […]

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WTO hosts private sector consultations in GB

As The Bahamas seeks to gain full membership in the World Trade Organization (WTO), the government said it will begin WTO private sector consultations in Grand Bahama beginning today. Led by officers of the Ministry of Financial Services, Trade &Industry, and Immigration, the consultations will take place at the Grand Bahama Chamber of Commerce, in Freeport, Grand […]

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More public-sector layoffs possible

Public servants hired under the former Progressive Liberal Party (PLP) are now facing more possible layoffs, according to Deputy Prime Minister and Minister of Finance Peter Turnquest. The pending public-sector cuts are said to be a part of government’s efforts to streamline annual expenditure. Turnquest’s comments came on the heels of a recent report released […]

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Digital banking planned for Family Islanders

The government has confirmed its intent to modernize banking for Family Islanders Tuesday in the wake of a shift in the economic climate on the islands, due to the recent pull-out of major banking institutions. Finance Minister Peter Turnquest revealed Tuesday that government is aggressively moving toward digitizing the banking experience for Family Island residents. […]

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BREAKING: IMF dishes another dose on the Bahamian economy

The Bahamas faces more potential streamlining as the International Monetary Fund (IMF) released its lates report assessing the Bahamian economy and once again recommending more cutbacks. The latest report recommends a $240 million ‘adjustment’ in order to reach its fiscal responsibility targets. The report did note that while The Bahamas is on target to achieve […]

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Fiscal Responsibility Bill another step towards accountability

The government has put itself on a self-imposed deadline of three years to reduce the country’s fiscal deficit from 5.8 per cent to no more than 0.5 per cent, according to Finance Minister Peter Turnquest. At a press conference to announce the government’s Fiscal Responsibility Bill, Turnquest said, the legislation – if passed – will […]

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Bahamaren signs MOU with China Construction Modular Housing Co., Ltd.

The Bahamas is one step closer to realizing the life-long and cost-effective benefits of modular constructed housing thanks to a memorandum of understanding (MOU) signed between Bahamaren Ltd and China Construction Modular Housing Co. Ltd on Friday. According to a statement released by Bahamaren, the MOU will help to establish the “framework for mutually beneficial […]

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