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News & Press - Jan 22/18

 

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Bahamas introduces new funds bill

According to Deputy Prime Minister and Minister of Finance Peter Turnquest, the revised Investment Funds Bill creates an opportunity for growth-friendly legislative framework, unencumbered by unnecessary barriers to entry. Pictured: Deputy Prime Minister and Minister of Finance Peter Turnquest addresses a forum hosted by the Securities Commission of The Bahamas. (BIS Photo/Kristaan Ingraham)

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TheBahamasInvestor.com
Wednesday, December 13, 2017
Wednesday, December 13, 2017

According to Deputy Prime Minister and Minister of Finance Peter Turnquest, the revised Investment Funds Bill creates an opportunity for growth-friendly legislative framework, unencumbered by unnecessary barriers to entry.

Turnquest made the comments during the opening address at an industry meeting held by the Securities Commission of The Bahamas. The meeting was held 7 December.

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Central Bank releases latest economic report – PDF

Indications are that domestic economic activity stayed mildly positive during October, with the tourism sector showing signs of improvement, while construction sector output continued to be supported by foreign direct investment-related projects, according to the latest Monthly Economic and Financial Developments from The Central Bank of The Bahamas. Download the report here. 

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The Central Bank of The Bahamas
Tuesday, December 12, 2017
Tuesday, December 12, 2017

Indications are that domestic economic activity stayed mildly positive during October, with the tourism sector showing signs of improvement, while construction sector output continued to be supported by foreign direct investment-related projects and to a lesser extent, ongoing post hurricane re-construction work, according to the latest Monthly Economic and Financial Developments from The Central Bank of The Bahamas.

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Bahamas-based Cloud Carib Ltd, a managed cloud services provider in the Caribbean region and Latin America, has announced that it ranks 42nd among the world’s Top 100 cloud services providers, according to Channel Futures' seventh-annual Talkin’ Cloud 100 report. 

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Cloud Carib
Friday, December 8, 2017
Friday, December 8, 2017

ALT TAG HERENASSAU, Bahamas, Dec. 07, 2017 (GLOBE NEWSWIRE) — Cloud Carib Ltd., a leading managed cloud services provider in the Caribbean and Latin American region, today announced it ranks 42nd among the world’s Top 100 cloud services providers (CSPs), according to Channel Futures’ seventh-annual Talkin’ Cloud (TC) 100 report.

Based on data from Channel Futures’ online survey, conducted between August to October 2017, the TC 100 list recognizes top cloud services providers (CSPs), including MSPs, hosting companies, cloud consultants and more. Rankings are based on annual cloud services revenue growth, and input from Channel Futures editors.

The full report is available now by visiting ChannelFutures.com.

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DPM addresses Security Commission briefing – PDF

Deputy Prime Minister and Minister of Finance Peter Turnquest address the Securities Commission industry briefing on the Investment Funds Bill, 2017, at the Melia Baha Mar resort 7 December. Download the address here. 

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Securities Commission of The Bahamas
Friday, December 8, 2017
Sunday, December 10, 2017

Deputy Prime Minister and Minister of Finance Peter Turnquest address the Securities Commission industry briefing on the Investment Funds Bill, 2017, at the Melia Baha Mar resort 7 December.

Download the address here.

The senate has passed a raft of bills that will see The Bahamas financial services sector enhance its compliance with international regulation. Watch a ZNS Network news report here. 

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ZNS News
Friday, December 8, 2017
Friday, December 8, 2017

Continue to see videoThe senate has passed a raft of bills that will see The Bahamas financial services sector enhance its compliance with international regulation.
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Atlantis execs meet Labour Minister

Atlantis Paradise Island resort’s top senior executives paid a courtesy call on the Minister of Labour Dion Foulkes 29 November 2017. 

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TheBahamasInvestor.com
Friday, December 8, 2017
Friday, December 8, 2017

Atlantis Paradise Island resort’s top senior executives paid a courtesy call on the Minister of Labour Dion Foulkes 29 November 2017.

Minister Foulkes met with Atlantis’s new president and managing director Audrey Oswell who was accompanied by Atlantis senior vice president of human resources Karen Carey and Atlantis senior vice president of public affairs Ed Fields.

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Patrik Marti, managing director of Credit Suisse paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Brent Symonette at the Ministry's Offices on December 6, 2017. 

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Bahamas Information Services
Thursday, December 7, 2017
Thursday, December 7, 2017

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The Deputy Prime Minister and Minister of Finance Peter Turnquest recently addressed the regional workshop “Rules-Based Fiscal Policy Frameworks for the Caribbean Region,” presented by the Inter-American Development Bank. 

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TheBahamasInvestor.com
Thursday, December 7, 2017
Thursday, December 7, 2017

Peter Turnquest, Deputy Prime Minister and Minister of Finance

Pictured: Peter Turnquest, Deputy Prime Minister and Minister of Finance, at the IDB workshop December 4, 2017. (BIS Photo/Patrick Hanna)

The Deputy Prime Minister and Minister of Finance Peter Turnquest recently addressed the regional workshop “Rules-Based Fiscal Policy Frameworks for the Caribbean Region,” presented by the Inter-American Development Bank (IDB).

The two-day event was held at the British Colonial Hilton, December 4-5, 2017 and brought together stakeholders including representatives of the IDB, government, The Central Bank of The Bahamas officials and regional policymakers for finance.

Topics for discussion included – International Experience with Fiscal Rules: Criteria of Good Practice and Effectiveness, The Long View: Fiscal Anchors, Medium-Term Fiscal and Budget Frameworks and Growth, Fiscal Institutions to Ensure Fiscal Sustainability and Stability, Design and Implementation of Fiscal Rules, Stabilization Funds and Transparency, Credibility and the Role of Independent Fiscal Institutions.

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PM presents trophy to Hero World Challenge winner – photos

Prime Minister Minnis took part in trophy presentation to the winner of the 2017 Hero World Challenge Golf Tournament, Rickie Fowler, at the Golf Course, Albany, December 3. Pictured: Prime Minister Minnis with Rickie Fowler during the trophy presentation. (Photo/Yontalay S. Bowe, OPM Media Services)

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TheBahamasInvestor.com
Tuesday, December 5, 2017
Tuesday, December 5, 2017

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Society of Trust and Estate Practitioners has announced 34 new award winners in its Worldwide Excellence Awards. 

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TheBahamasInvestor.com
Tuesday, December 5, 2017
Tuesday, December 5, 2017

STEP award winnersSociety of Trust and Estate Practitioners (STEP) has announced 34 new award winners in its Worldwide Excellence Awards.

Launched in June 2016, the Awards run twice a year to celebrate the highest achievement in STEP qualifications globally.

The winners are the top achievers across STEP’s exams for the period January-July 2017.

Derek Rawlings TEP of Rawlinson & Hunter British Virgin Islands (BVI) won two awards, and was the highest scoring graduate in the STEP Diploma in International Trust Management.

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