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News & Press - Jul 17/18

 

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Central Bank appoints new deputy inspector

The Central Bank of The Bahamas has announced the appointment of Karen Rolle as deputy inspector of banks and trust companies and supervised licensed institutions. 

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Central Bank of The Bahamas
Monday, June 25, 2018
Monday, June 25, 2018

The Central Bank announces the appointment of Ms. Karen V. Rolle as Deputy Inspector of Banks & Trust Companies and Supervised Licensed Institutions, with effect from June 1st, 2018. In this role, and in conjunction with the Inspector, Mr. Charles Littrell, Ms. Rolle will lead the Central Bank’s supervision of financial institutions.

Ms. Rolle has 24 years of experience with the Central Bank, most recently as Manager of the Bank Supervision Department. She is a member of the Central Bank’s Monetary Policy Committee and Policy Advisory Committee. She has represented the Central Bank internationally in many forums, and she is currently the Deputy Chair of the Caribbean Group of Banking Supervisors.

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Reshuffle at Julius Baer sees five senior bankers leave

Five senior Julius Baer Group Ltd private bankers in The Bahamas and Panama have left to join Swiss rival Gonet & Cie. 

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TheBahamasInvestor.com
Monday, June 25, 2018
Monday, June 25, 2018

Five senior Julius Baer Group Ltd private bankers in the Bahamas and Panama left to join Swiss rival Gonet & Cie.

Patrick Feuz, head of Julius Baer’s Nassau operations, chief operating officer Jean-Marc Fellay, and Patrick Guye-Bergeret, a senior relationship manager serving Latin American clients, have joined Gonet & Cie, according to a statement released at the end of last week.

Juan Carlos Hofer and Matthias Krull, senior relationship managers at Julius Baer in Panama, have also joined Gonet, according to the statement.

Director general of tourism Joy Jibrilu is expecting a strong summer season for visitor arrivals. Watch an interview with Jibrilu here. 

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Tourism Today
Wednesday, June 20, 2018
Wednesday, June 20, 2018

Continue to see videoDirector general of tourism Joy Jibrilu is expecting a strong summer season for visitor arrivals. Watch an interview with Jibrilu here.
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House of Assembly passes 2018/19 Budget

The 2018/19 Budget passed Monday evening in the House of Assembly with the majority of Members of Parliament voting for a number of fiscal provisions, including increasing VAT to 12 percent. 

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TheBahamasInvestor.com
Wednesday, June 20, 2018
Wednesday, June 20, 2018

The 2018/19 Budget passed Monday evening in the House of Assembly with the majority of Members of Parliament voting for a number of fiscal provisions, including increasing VAT to 12 per cent.

Senate debate now takes place on the Budget, which takes effect, fiscal year beginning July 1.

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PM makes budget contribution – PDF

Prime Minister Dr Hubert Minnis delivered his budget 2018/19 contribution in the House of Assembly June 18, 2018. 
Read the full contribution here.

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TheBahamasInvestor.com
Tuesday, June 19, 2018
Tuesday, June 19, 2018

Prime Minister Dr Hubert Minnis delivered his budget 2018/19 contribution in the House of Assembly June 18, 2018. Read the full contribution here. …continue >

FS Minister makes budget contribution – PDF

Minister of Financial Services, Immigration, Trade and Industry Brent Symonette delivered his budget contribution in the House of Assembly June 13, 2018. Read the full contribution here. 

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TheBahamasInvestor.com
Tuesday, June 19, 2018
Tuesday, June 19, 2018

Minister of Financial Services, Immigration, Trade and Industry Brent Symonette delivered his budget contribution in the House of Assembly June 13, 2018. …continue >

Ground broken on $10m Eco-Oil project in GB – photos

Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson was at hand at the ground-breaking ceremony for the $10 million Eco-Oil marine environment services company in Freeport. Pictured: Minister Thompson delivers the keynote speech during the official launch in the Oleander Room at Freeport Harbor. (BIS Photo/Lisa Davis)

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TheBahamasInvestor.com
Monday, June 18, 2018
Monday, June 18, 2018

Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson was at hand at the ground-breaking ceremony for the $10 million Eco-Oil marine environment services development in Freeport.

Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson has said 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.

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The Bahamas government has entered into a contractual arrangement with the Inter-American Development Bank (IDB) for investment projects totalling $70 million. 

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TheBahamasInvestor.com
Monday, June 18, 2018
Monday, June 18, 2018

IDBThe Bahamas government has entered into a contractual arrangement with the Inter-American Development Bank (IDB) for investment projects totalling $70 million.

During the signing ceremony between the government and the IDB at the Ministry of Finance, June 14, 2018, Deputy Prime Minister and Minister of Finance Peter Turnquest said: “Today’s event marks the end of numerous discussions among key stakeholders whose contributions were vital in designing the activities or components of each project.”

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Finance Minister urges businesses to back WTO bid

Minister of Finance Peter Turnquest has urged Bahamian businesses to embrace the country's bid to become a member of the World Trade Organization by the end of 2019, saying it will give them access to new markets. 

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TheBahamasInvestor.com
Friday, June 15, 2018
Friday, June 15, 2018

Minister of Finance Peter Turnquest has urged Bahamian businesses to embrace the country’s bid to become a member of the World Trade Organization (WTO) by the end of 2019, saying it will give them access to new markets.

“Take advantage of those niches that come as we explore these opportunities,” he said while delivering the opening address at the Bahamas Chamber of Commerce & Employers Confederation (BCCEC)’s conclave, held yesterday at the Baha Mar Convention Centre.

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Marine experts tag manta ray for research

Recently at Atlantis, Paradise Island resort a marine scientist and a team of 20 marine aquarists successfully completed the transfer of a 700+ pound manta nicknamed “LeyLey”. Click here to see a full sized photo. (Photo courtesy Atlantis Paradise Island)

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Atlantis Paradise Island
Friday, June 15, 2018
Wednesday, June 20, 2018

AtlantisPARADISE ISLAND, The Bahamas, June 2018 /PRNewswire/ — Yesterday at Atlantis, Paradise Island resort in The Bahamas, one of only two aquariums in the Western Hemisphere to presently care for and study the manta ray, a marine scientist and a team of 20 marine aquarists successfully completed the transfer of a 700+ pound manta nicknamed “LeyLey” with a 11.4-foot wingspan from the resort’s 2.7-million gallon marine habitat back into the Atlantic Ocean, as part of their renowned release and research program.

LeyLey’s transfer marks the 13th manta ray release for the resort, whose marine husbandry practices and research have contributed greatly to data collection of the species.

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