Bahamians challenged to take advantage of business opportunities in tourism sector

NASSAU, BAHAMAS  – Bahamians have been challenged to take advantage of the business opportunities that can be derived from the fact that cruise ship passengers make what amounts to 20,000 visits to The Bahamas “every single day.” “There are many, many opportunities that I am not convinced we are fully exploiting,” Minister of Tourism and […]

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IDB pumps millions into public & private projects

NASSAU, BAHAMAS – The Inter-American Development Bank (IDB) hosted an audience with media on Wednesday, to reveal a number of multi-million-dollar projects being rolled out in the capital and the family islands. Daniela Marquis, IDB Representative, revealed yesterday that the international bank has an aggressive list of projects in the pipeline which are expected to […]

More ‘upward trajectory’ for Bahamas economy, says Central Bank

NASSAU, BAHAMAS – The Bahamas’ economy is expected to sustain its “upward trajectory” over the near-term, with the majority of gains projected to accrue from improved tourism figures, according to The Central Bank of The Bahamas. According to the bank’s latest Monthly Economic and Financial Developments (MEFD) report for April, the tourism sector remained buoyant […]

Securities Commission Sponsors Regional FATF Training

NASSAU, BAHAMAS –The Financial Action Task Force’s (“FATF”) flagship training course on global anti-money laundering and countering the financing of terrorism (“AML/CFT”) standards and implementing effective measures got underway in the capital on Monday, June 3. The FATF Standards Training Course (“STC”) is being conducted for members of the Caribbean Financial Action Task Force by […]

Govt. to spend $18.9 million on travel

Financial Secretary says figure does not reflect significant increases to govt. travel NASSAU, BAHAMAS – While originally allocating $8.95 million for “travel and subsistence” in the upcoming fiscal year, the Minnis administration has allocated an estimated $18.93 million, according to the budget for 2019/2020. In the current budget introduced last June, the government increased the […]

DPM announces development of a new budget website

NASSAU, BAHAMAS — Deputy Prime Minister and Minister of Finance, K. Peter Turnquest, announced that the Ministry of Finance has developed a new Budget website (soon to be completed) at: bahamasbudget.gov.bs “The Budget website will help to simplify the national budget and break it down into non-technical language,” DPM Turnquest explained during the National Budget 2019/20 […]

Power outages persist on Bimini

BPL seeking to move additional generation to the island NASSAU, BAHAMAS – Three days after a fire destroyed two engines at the Bahamas Power and Light (BPL) facility on the island of Bimini, power outages continued to persist throughout the island on Thursday, as the company was forced to conduct intermittent load shedding between Alice […]

OWN Bahamas Foundation founder encouraged by govt’s focus to support entrepreneurs

NASSAU, BAHAMAS – As Minister of Finance K. Peter Turnquest presented the government’s 2019/2020 Budget Communication in the House of Assembly on Wednesday, founder of the OWN Bahamas Foundation, Sebas Bastian, said he is encouraged by the government’s focus to support entrepreneurs, improve the Ease of Doing Business, as well as its efforts to improve […]

Turnquest: Govt. committed to Bahamians in WTO accession talks

NASSAU, BAHAMAS – As the government continues negotiations for its accession to the World Trade Organization (WTO), Minister of Finance, K. Peter Turnquest, reiterated on Wednesday that the Government is firstly committed to Bahamians. While delivering the government’s 2019/2020 Budget Communication in the House of Assembly, Turnquest said the government will ensure that in every […]

Operations at NIB resume after last week’s sick-out

NASSAU, BAHAMAS – Operations at the National Insurance Board (NIB) returned to normal on Monday, after employees staged a two-day sick out last week, severely crippling operations and forcing the closure of several  NIB outlets in New Providence and the Family Islands. Yesterday, Union of Public Officers (UPO) President, Marvin Duncombe, confirmed that the majority […]