NASSAU, BAHAMAS – BTC officially announced on Tuesday that the company has signed a Heads of Agreement with the leadership of the Bahamas Communications and Public Officers Union (BCPOU). The deal was made official last week as both parties signed off on the long anticipated agreement, according to a statement released yesterday from BTC. BTC’s […]
NASSAU, BAHAMAS- Deputy Prime Minister and Minister of Finance Peter Turnquest said yesterday that there is still a number of gaming houses that are up to date with the government taxes. “We do have a number of outstanding payments from a number of the gaming houses,” Turnquest said. “We certainly hope that the arrangements that […]
NASSAU, BAHAMAS – As the Government continues negotiations into the country’s accession to the World Trade Organization (WTO), a local businessman on Monday spoke out against the move. Rupert Roberts, the owner of Super Value food stores, Quality Supermarkets and a paper manufacturing plant, told the media during a press conference hosted by the Bahamians […]
NASSAU, BAHAMAS –Shared discussions on utility structure, consumer impact and alternative energy solutions are amongst a few of the initiatives planned for the community as URCA invites the general public to join its Town Hall Meeting on Wednesday, April 10th, 2019 at the Choices Restaurant on the University of The Bahamas campus, beginning at 6:00 […]
NASSAU, BAHAMAS – It may be too early to predict a slowdown in the construction sector, with the head of the Bahamian Contractors Association pointing to various factors that may sustain the industry for much longer than projected. The association is now trying to determine the direct impact of a slowdown in domestic construction activity, […]
NASSAU, BAHAMAS – As the country continues to ready itself for accession to the World Trade Organization (WTO), government’s chief negotiator with the WTO Zhivargo Laing took his public education campaign to the Bahamas Contractor’s Association on Wednesday. Joining the WTO has been a public debate in The Bahamas for over a decade now. The […]
NASSAU, BAHAMAS — Acting Prime Minister Peter Turnquest said the Government’s 2018/19 Budget was a watershed budget, as it was guided by the stringent fiscal requirements of the then-pending Fiscal Responsibility Act. The subsequent Fiscal Strategy Report of November then set the stage for the medium-term framework that will underpin the development of the 2019/20 […]
Moody’s projects 2-2.5% deficit for 2018/2019; govt. targets 1.8% NASSAU, BAHAMAS – Deputy Prime Minister and Minister of Finance Peter Turnquest yesterday called Moody’s assessment that the government will likely not meet its deficit projections based on conservative projections “reasonable and responsible”. Turnquest adopted a softer tone in response to the international credit ratings […]
The Bahamas will remain a “clean and compliant” jurisdiction regardless of how many times the nation is blacklisted, Deputy Prime Minister and Minister of Finance Peter Turnquest reinforced yesterday. Speaking at Royal Fidelity’s Business Economic Outlook, Turnquest expressed concern that no matter how cooperative the nation is or how compliant with demands to become more […]
NASSAU, BAHAMAS – The government is ready to crack the whip on non-compliant companies with the release of more stringent guidelines to the Financial Services sector yesterday, detailing penalties up to $300k and the outright removal of entities breaching these new rules. The new parameters are structured to ensure The Bahamas is removed and stays […]
Public schools and buildings in New Providence will be outfitted with energy-efficient retrofits and solar PV installations as part of the Government’s energy sector reform strategy said Prime Minister Dr. Hubert Minnis. The first two public schools – Anatol Rodgers High School and T.G. Glover Primary School – are expected to be completed this year, […]
NASSAU, BAHAMAS – Butterfield Trust Bahamas is assuring that any cost-cutting measures in line with its group internationally will not involve the restructuring of any of the 19 positions at its local office. Instead, Managing Director Craig Barley said the Bank would be implementing a reorganization that will integrate greater technology into its daily operations […]
NASSAU, BAHAMAS – Scotiabank has been operating in the Caribbean for more than 129 years, and in The Bahamas since 1956. But over the past five years, many branches throughout the region have closed its doors for various reasons. Last year, Scotiabank closed two of its branches in Belize. Also, branches closed on the island […]
NASSAU, BAHAMAS – Much needed regulations guiding the growth of financial technology in The Bahamas may be on the way, with discussions now being had over the way forward for the sector. In a recent statement, Bahamas Financial Services Board Executive Director Tanya McCartney revealed that the Securities Commission of The Bahamas had started the […]
DPM: Moodys ‘Stable’ outlook reflects nation in strong position NASSAU, BAHAMAS – A move by credit ratings agency Moody’s to shift The Bahamas’ credit outlook to ‘stable’ from ‘negative’ yesterday was hailed as a “milestone” by Deputy Prime Minister and Minister of Finance Peter Turnquest. In an update released Thursday, the international agency also […]
NASSAU, BAHAMAS – The Bahamas Financial Services Board chief yesterday announced “Clear Choice” as the new brand for the financial services sector, reaffirming a commitment to compliance following a recent EU listing of The Bahamas as non-cooperative with Anti Money Laundering and Countering Financing of Terrorism (AML/CFT). Outlining in full detail how the nation has […]
