SBDC hosts town hall meeting

NASSAU, Bahamas – Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest addressed the Small Business Development Centre’s (SBDC) Access Accelerator Southern New Providence Town Hall Meeting at Bahamas Faith Ministries Myles Munroe Diplomat Centre, April 18, 2019.  The town hall meeting attracted individuals with business ideas, who have yet to start a […]

Govt. to scale back certain projects in upcoming budget

Revenue collection will get on track by year’s-end NASSAU, BAHAMAS – As the government seeks to reign in on expenditure in the latter half of this fiscal year while increasing its revenue collections after revenue underperformed in the first six months of 2018/2019, Minister of Finance Peter Turnquest said yesterday the government will scale back […]

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Pintard: Min. of Agriculture making ‘steady progress’ in support for local produce

NASSAU, BAHAMAS –  While the Ministry of Agriculture is still grappling with getting local wholesalers to sell mostly Bahamian-grown produce, Minister of  Agriculture and Marine Resources Michael Pintard said his ministry is making ‘steady progress’ in this regard. Pintard, who was speaking at a press conference Tuesday to announce the upcoming Agri-Business Expo, said his […]

Symonette: WTO accession negotiations must consider vulnerabilities of the Bahamian economy 

NASSAU, BAHAMAS – During the 4th Meeting of the Working Party on the Accession of The Bahamas to the World Trade Organization  held on Friday, 5th April, 2019 in Geneva, Switzerland, Brent Symonette, Minister of Financial Services, Trade & Industry and Immigration affirmed that The Bahamas will continue to be deliberate in its accession negotiations […]

Government secures IDB loans for e-services; and for stabilization in the event of natural disaster

NASSAU, BAHAMAS – Prime Minister Dr. Hubert Minnis is preparing the country for a digital public service, and for financial stability in the event of natural disasters – both in keeping with the United Nations Sustainable Development Goals. He delivered the Charge during the Signing Ceremony for IDB Loans for: Government Digital Transformation to Strengthen […]

BDB seeks to strengthen partnership with OAS

NASSAU, BAHAMAS – In continuation of its Strategic Priorities, The Bahamas Development Bank (BDB) recently met with the country’s representative of the Organization of American States (OAS), Mrs. Phyllis Baron. The purpose of the meeting was to explore opportunities and avenues to strengthen efforts to better assist Micro, Small and Medium-sized Enterprises (MSME’S).  In addition, […]

Central Bank relaunches award-winning financial literacy campaign

April 1 marks the start of financial literacy month NASSAU, BAHAMAS – The Central Bank of the Bahamas (Central Bank) announced on Wednesday that it has relaunched its award-winning national financial literacy campaign, “Get Money Smart Bahamas,” in observance of Financial Literacy Month. The institution has joined forces with the Clearing Banks’ Association (CBA) to […]

Legislation to facilitate growth in local crypto market out for public consultation

DARE Bill to regulate digital assets and registered exchanges NASSAU, BAHAMAS – Draft legislation has been put forward to give The Bahamas a clear competitive advantage with respect to digital asset solutions as financial technologies continue to drive growth in the financial services sector. The Digital Assets and Registered Exchanges Bill, 2019 (DARE), which was […]

Central Bank: Bahamas economy sustained “upward trajectory”

NASSAU, BAHAMAS – The Bahamas’ economy continued to experience “upward trajectory” in February as an increase in long-stay visitors underpinned by improvements in the tourism sector, and foreign-led investments projects shored up activity in construction, according to data from The Central Bank of The Bahamas. The latest Central Bank Monthly Economic and Financial Developments (MEFD) […]

No timeline on Grand Lucayan sale

NASSAU, BAHAMAS – Minister of Tourism Dionisio D’Aguilar indicated yesterday that the government’s special purpose vehicle is making progress in negotiations of the sale of the Grand Lucayan Resort in Freeport, Grand Bahama, but could not give a timeline on when that process would be complete. Last week, the minister said the government had shortlisted […]