Turnpage

Please visit our sponsors

RSS Feed
 

News & Press - Feb 25/18

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor

During his keynote address at the Grand Bahama 20th Annual Business Outlook at Grand Lucayan resort yesterday, Deputy Prime Minister and Minister of Finance Peter Turnquest outlined some of the initiatives the government is taking in order to remain transparent in its fiscal policies, including an e-tendering system for government contracts and services. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Friday, February 23, 2018
Friday, February 23, 2018

Deputy Prime Minister and Minister of Finance Peter Turnquest

Pictured: Deputy Prime Minister and Minister of Finance Peter Turnquest addresses delegates during the 20th annual Grand Bahama Business Outlook. (BIS Photo/Lisa Davis)

During his keynote address at the Grand Bahama 20th Annual Business Outlook at Grand Lucayan resort February 22, Deputy Prime Minister and Minister of Finance Peter Turnquest outlined some of the initiatives the government is taking in order to remain transparent in its fiscal policies.

One of those initiatives relates to public financial management and reform.

“In this regard we are starting with an innovative programme for e-tendering for government contracts and services,” explained Minister Turnquest.

…continue >

Central Bank Governor’s remarks on Economy Report – PDF

The Governor of The Central Bank of The Bahamas John Rolle made remarks to the Bahamas Chamber of Commerce and Employers’ Confederation on the State of The Economy Report 2018, February 22. Read or download his full remarks here. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Friday, February 23, 2018
Friday, February 23, 2018

The Governor of The Central Bank of The Bahamas John Rolle made remarks to the Bahamas Chamber of Commerce and Employers’ Confederation on the State of The Economy Report 2018, February 22.

The Governor addressed foreign investment and exchange controls during his speech, saying:

“Notwithstanding the present debate on the usefulness of the exchange control regime, it is important to note that the controls do ensure that adequate foreign exchange flows are always available to support the fixed parity of the Bahamian dollar against the US dollar (B$1.00 = US$1.00), for all trade payments and approved investment outflows.”

…continue >

Oban Energies commences planning meetings

Engineers and environmental teams from Oban Energies , including local and international experts, met with local officials at the Office of the Prime Minister in Grand Bahama, to conduct preliminary discussions regarding the project. Pictured: Meeting of Oban Energies, BEST Commission and local government officials at the Office of the Prime Minister, Grand Bahama, February 22, 2018. (OPM Photo)

Source:
Date:
Updated:
TheBahamasInvestor.com
Friday, February 23, 2018
Friday, February 23, 2018

Engineers and environmental teams from Oban Energies, including local and international experts, met with Bahamas Environment, Science & Technology Commission (BEST) Commission and members of the Local Government Committee for East Grand Bahama at the Office of the Prime Minister in Grand Bahama, to conduct preliminary discussions regarding the project.

…continue >

DPM: Public finances ‘in better place’

The Deputy Prime Minister and Minister of Finance Peter Turnquest said the public finances of The Bahamas are in a better place than they were at the mid-point of the last financial year. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, February 22, 2018
Thursday, February 22, 2018

The Deputy Prime Minister and Minister of Finance Peter Turnquest said the public finances of The Bahamas are in a better place than they were at the mid-point of the last financial year.

“The aggregate GFS Deficit for the first six months of the current fiscal year totalled some $198.0 million, down sharply from the deficit of $290.3 million recorded by the previous administration at the mid-point of the 2016/17 fiscal year,” DPM Turnquest said as he presented fiscal developments during the first half of the 2017/18 fiscal year in the House of Assembly, February 21, 2018.

He said the latter figure at the mid-year point of last fiscal year represented nearly three times the total deficit that had been projected for the entire year.

…continue >

Economy records real growth of 1.8 per cent in 2017

The Deputy Prime Minister and Minister of Finance Peter Turnquest said that present estimates indicate that the Bahamian economy recorded real growth on the order of 1.8 per cent in 2017. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, February 22, 2018
Thursday, February 22, 2018

The Deputy Prime Minister and Minister of Finance Peter Turnquest said that present estimates indicate that the Bahamian economy recorded real growth on the order of 1.8 per cent in 2017.

“This renewed buoyancy stemmed primarily from construction activity associated with on-going foreign investment projects, as well as rebuilding work in the wake of the hurricanes,” DPM Turnquest said as he presented fiscal developments during the first half of the 2017/18 fiscal year in the House of Assembly, February 21, 2018.

The DPM said he would present a more detailed and comprehensive mid-year fiscal update to Parliament during his Contribution to the Debate on the Mid-Year Statement and related resolution.

…continue >

OAS officials meet GB Minister

Minister for Grand Bahama Kwasi Thompson met with two representatives from the Organization of American States Small Business Development Centre last week as part of efforts to develop a Small Business Development Centre in the country, and to create one in Grand Bahama. Pictured: (from left) Renee Penco, Minister Thompson and Cliff Parades. (BIS Photo/Lisa Davis)

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, February 22, 2018
Thursday, February 22, 2018

Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson February 15, welcomed two representatives from the Organization of American States (OAS) Small Business Development Centre.

He noted that the government has been working with the OAS to develop a Small Business Development Centre in the country, and to create one in Grand Bahama.

…continue >

Financiers leverage the cloud

The Bahamian financial services community is increasingly turning to cloud computing to save costs, simplify processes and enhance data security, according to industry expert Scott MacKenzie. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, February 21, 2018
Wednesday, February 21, 2018

The Bahamian financial services community is increasingly turning to cloud computing to save costs, simplify processes and enhance data security, according to industry expert Scott MacKenzie.

MacKenzie, CEO of Cloud Carib, says the Bahamas-based firm provides solutions to over 35 per cent of financial services providers in The Bahamas.

Cloud Carib offers clients a full suite of virtual data management services, allowing them to outsource the burden of data storage. Aside from those in the financial industry, the company’s clients include government, the legal sector, software developers, healthcare operators and hospitality firms.

…continue >

Government signs HOA on $4bn GB project

Officials of the government and Oban Energies February 19 signed the heads of agreement for a $4 billion project planned for East Grand Bahama. Pictured: (from left) Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson; Deputy Prime Minister and Minister of Finance Peter Turnquest; Camille Johnson, Secretary to the Cabinet; Prime Minister, Dr Hubert Minnis; and Peter Krieger of Oban Energies, February 19, 2018. (BIS Photo/Peter Ramsay)

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, February 21, 2018
Wednesday, February 21, 2018

Officials of the government of The Bahamas and Oban Energies February 19 signed the heads of agreement for a $4 billion project planned for East Grand Bahama.

The signing took place less than five days after Prime Minister Dr Hubert Minnis announced in the House of Assembly that the Cabinet of the Bahamas had given Oban Energies the go-ahead to commence the process that will lead to construction of an oil refinery and oil storage facility in Grand Bahama.

…continue >

Lombard execs meet FS Minister

Minister of Financial Services, Trade & Industry and Immigration Brent Symonette welcomed Lombard Odier & Cie executives, Christophe Hentsch, partner/head office, and Renaud Vielfaure, local managing director, in a courtesy call at the Ministry February 19, 2018. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, February 21, 2018
Wednesday, February 21, 2018

Pictured: Minister of Financial Services, Trade & Industry and Immigration Brent Symonette (left), welcomes Lombard Odier & Cie executives, Christophe Hentsch, partner/head office, (centre), and Renaud Vielfaure, local managing director, in a courtesy call at the Ministry February 19, 2018. (BIS Photo/Derek Smith)

GB Business Outlook to be held this week

The 20th Grand Bahama Business Outlook (GBBO), set for February 22, 2018, will bring together public and private sector experts who will share key elements for the revitalization of the Grand Bahama economy, ranging from energy to technology solutions. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, February 20, 2018
Wednesday, February 21, 2018

The 20th Grand Bahama Business Outlook (GBBO), set for February 22, 2018, will bring together public and private sector experts who will share key elements for the revitalization of the Grand Bahama economy, ranging from energy to technology solutions.

The event will be held at The Grand Lucayan Resort featuring Deputy Prime Minister and Minister of Parliament for East Grand Bahama Peter Turnquest as the keynote speaker.

…continue >

Older Posts >

The Bahamas Investor
Administrative Links
  


  © 2018 ETIENNE DUPUCH JR PUBLICATIONS LTD