Blockchain conference participants invited to invest in Grand Bahama

During the opening day of the first Bahamas Blockchain and Cryptocurrency Conference, presenters and visiting guests were invited by the Deputy Prime Minister and Minister of Finance Peter Turnquest to invest in the island. The conference was officially opened Wednesday, June 21, at the Grand Lucayan by Prime Minister Dr. Hubert A. Minnis. The event […]

MOF aims to transform financial services sector, says Symonette

The Free National Movement (FNM) government will allocate additional resources to facilitate the transformation of the financial services sector with the specific aim of improving the ease of doing business in this jurisdiction. During the recent tabling of the 2018/2019 Budget, which was passed by the House of Assembly Tuesday, Minister of Financial Services, Trade […]

Govt. addresses fiscal affairs

Deputy Prime Minister and Minister of Finance Peter Turnquest said in addressing its fiscal affairs, the government attached critical priority to fiscal consolidation and took the decision to raise additional revenue through increased taxation as well as enhanced revenue collection measures. “On the expenditure side, we intend to continue our trend of fiscal constraint,” Turnquest […]

Eco-Oil Bahamas to start business in Freeport with $10 million investment

Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson says that Eco-Oil joins the growing list of foreign and local direct investors showing confidence in Grand Bahama’s local economy, with its initial investment of $10 million during construction and operation phases. Thompson’s remarks came during the official launch […]

$70 million IDB loan for infrastructure development

The government signed an agreement with the Inter-American Development Bank (IDB) Thursday for some $70 million dollars in loans. The money, which is said to have already been accounted for in the budget, has been earmarked for infrastructural development works – particularly coastal management projects and Family Island airport redevelopment. Deputy Prime Minister Peter Turnquest […]