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) […]

Blue Lagoon Island receives Travelife Partner Award

Amsterdam, The Netherlands – Blue Lagoon Island, Bahamas, home of Dolphin Encounters, has obtained the Travelife Partner award. The award is a recognition for the long-term efforts and frontrunner position of Blue Lagoon Island regarding sustainability and Corporate Social Responsibility. Blue Lagoon Islandcomplies with more than 100 criteria, related to an operators’ office management, product […]

Chamber appoints new board members

The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) appointed new board members recently. See full statement from the chamber below:                   The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) welcomed to its Board of Directors the following member professionals, whose appointments were effective as of […]

Symonette reveals new ease of business initiatives

A price hike is pending for foreigners wanting to apply for permanent residency. Minister of Financial Services, Trade & Industry and Immigration, the Hon Brent Symonette, announced at the 15th Annual International Business and Finance Summit yesterday, that foreigners will now have to pay an additional $250,000 to The Bahamas government for homes, which takes […]

Turnquest encourages better ease of business practices

Deputy Prime Minister and Minister of Finance, Peter Turnquest said that while The Bahamas ranks high as a well-regulated jurisdiction, it has to improve the ease of doing business in the country for both domestic and international entities if it wants to remain competitive. His comments were made at the International Business Finance Summit presented […]

ICAC Conference To Bring Hundreds To The Islands of The Bahamas

Over 400 accountants from the United States, the United Kingdom, Canada and the Caribbean are expected to arrive in Nassau come June for the 36th Institute of Chartered Accountants Caribbean’s (ICAC) Conference of Accountants. The much-anticipated conclave, which is expected to stimulate the Meetings Incentives, Conferences and Events (MICE) aspect of tourism, will be held […]

Global stocks rise after Wall Street gains

BEIJING (AP) — Global stock markets rose Monday after Wall Street gained following a turbulent week. KEEPING SCORE: In early trading, Frankfurt’s DAX jumped 1.7 percent to 12,318.15 and France’s CAC 40 advanced 1.2 percent. London’s FTSE 100 added 1 percent to 7,166.86. On Friday, the DAX tumbled 1.2 percent, the CAC 40 dropped 1.4 […]