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News & Press - Sep 19/18

 

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BAIC launches training programme for entrepreneurs – photos

Entrepreneurs, managers and small business owners participated in a two-day workshop sponsored by The Bahamas Agricultural and Industrial Corporation (BAIC). Pictured: BAIC Executive chairman Michael Foulkes delivers welcome remarks. (BIS Photo/Derek Smith)

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TheBahamasInvestor.com
Wednesday, August 22, 2018
Wednesday, August 22, 2018

Entrepreneurs, managers and small business owners participated in a two-day workshop sponsored by The Bahamas Agricultural and Industrial Corporation (BAIC).

The workshop is a business strategy training programme with the objective of capacity building of small and medium enterprises.

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The Association of International Banks and Trust Companies in The Bahamas capped off a busy year in the international financial services sector with its Annual General Meeting last month. 

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TheBahamasInvestor.com
Thursday, August 16, 2018
Thursday, August 16, 2018

AIBTThe Association of International Banks and Trust Companies in The Bahamas (AIBT) capped off a busy year in the international financial services sector with its Annual General Meeting held July 24, 2018.

Peter Turnquest, Deputy Prime Minister and Minister of Finance, delivered remarks to the directors, officers, members and guests gathered for the AGM.

Bruno Roberts of The Private Trust Corporation Ltd and Ivan Hooper of Winterbotham Trust Company Ltd, will continue as co-chairs of the AIBT for another two-year term, along with directors Jan Mezulanik of Pictet Bank & Trust Ltd, as deputy chairman and Jean-Marc Fellay of Gonet Bank & Trust (Bahamas) Ltd, as treasurer.

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BACO seeks regional unity on compliance

As offshore jurisdictions grapple with increasing compliance regulations, the newly installed executive team of the Bahamas Association of Compliance Officers (BACO) is seeking to foster regional unity designed to make The Bahamas and the Caribbean more market ready in the search for new business opportunities. 

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TheBahamasInvestor.com
Thursday, August 16, 2018
Thursday, August 16, 2018

As offshore jurisdictions grapple with increasing compliance regulations, the newly installed executive team of the Bahamas Association of Compliance Officers (BACO) is seeking to foster regional unity designed to make The Bahamas and the Caribbean more market ready in the search for new business opportunities.

“Regional cohesion and assisting the financial services sector in ensuring that the business and products produced are resilient and meet international standards and mores must be the first order of business,” says attorney Cheryl Bazard, who assumed a two-year presidency last month.

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Themed ‘Rejuvenate, Recreate, Reconnect – New Directions for Caribbean Tourism’, the State of the Tourism Industry Conference 2018 is to be held 2-5 October at Atlantis, Paradise Island, in The Bahamas. 

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TheBahamasInvestor.com
Wednesday, August 15, 2018
Wednesday, August 15, 2018

SOTIC 2018The State of the Tourism Industry Conference 2018 is to be held 2-5 October at Atlantis, Paradise Island.

A California-based television presenter turned wellness enthusiast with strong ties to the Caribbean will host this year’s State of the Tourism Industry Conference (SOTIC) in The Bahamas.

The Caribbean Tourism Organization (CTO) has confirmed Santana Rodriguez, the former US television personality and news reporter, as chair of the 2-5 October conference, being organized in collaboration with the Bahamas Ministry of Tourism.

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Moody’s maintains Baa3 rating assessment

Ratings agency Moody’s Investors Service in its latest rating assessment of The Bahamas, maintained its Baa3 negative rating, which is unchanged from its previous report. Read the Ministry of Finance’s response here. 

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TheBahamasInvestor.com
Wednesday, August 15, 2018
Wednesday, August 15, 2018

Ratings agency Moody’s Investors Service in its latest rating assessment of The Bahamas, maintained its Baa3 negative rating, which is unchanged from its previous report.

Read the Ministry of Finance’s response to the report here:

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Central Bank eyes digital currency system

The Central Bank of The Bahamas invites submission of expressions of interest from qualified firms to supply blockchain or other robust technology solutions for a central bank issued digital currency system. 

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TheBahamasInvestor.com
Tuesday, August 14, 2018
Tuesday, August 14, 2018

The Central Bank of The Bahamas invites submission of expressions of interest from qualified firms to supply blockchain or other robust technology solutions for a central bank issued digital currency system.

Parties interested in responding to the EOI request must submit a white paper outlining relevant experience and resources that might suit the Bahamas’ digital currency initiative, no later than 15 September 2018.

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Central Bank releases economic review for June – PDF

Indications are that the domestic economy sustained its positive growth trajectory throughout June, according to The Central Bank of The Bahamas latest economic report. Read the full report here. 

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Central Bank of The Bahamas
Tuesday, August 14, 2018
Tuesday, August 14, 2018

Indications are that the domestic economy sustained its positive growth trajectory throughout June, according to The Central Bank of The Bahamas latest report.

Activity in the tourism sector continued to improve, supported by increased high-end room capacity, new airline routes and strengthened economic conditions in key source markets.

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Happy summer holidays

As temperatures soar in The Bahamas, TheBahamasInvestor.com is taking a short summer maintenance break. News Service will resume as normal from August 14. 

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TheBahamasInvestor.com
Tuesday, July 31, 2018
Tuesday, July 31, 2018

As temperatures soar in The Bahamas, TheBahamasInvestor.com is taking a short summer maintenance break. News & Press updates will resume as normal from August 14.

We would like to wish all our readers a happy summer holiday and thank you for your continued interest in The Bahamas Investor and our efforts to promote the jurisdiction as a premier location in which to live, work and invest.

DPM touts blockchain benefits

The Ministry of Finance will shortly convene the first meeting of the National Blockchain Strategy Committee, with Deputy Prime Minister and Minister of Finance Peter Turnquest highlighting the need for the country to capitalise on the emerging technology. 

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TheBahamasInvestor.com
Monday, July 30, 2018
Monday, July 30, 2018

The Ministry of Finance will shortly convene the first meeting of the National Blockchain Strategy Committee, with Deputy Prime Minister and Minister of Finance Peter Turnquest highlighting the need for the country to capitalise on the emerging technology.

“Blockchain, while still in its early stages, is a pivotal technology that is shaping our 21st century future,” he said. “Indeed, it has already reshaped the future of financial services.”

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The Bahamas attracts $928m FDI

Foreign Direct Investment (FDI) inflows to The Bahamas totalled $928m last year, making the country one of the most successful in the Caribbean at attracting investment. 

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TheBahamasInvestor.com
Monday, July 30, 2018
Tuesday, July 31, 2018

According to a report from the United Nations, FDI into The Bahamas dipped slightly last year, from $943m in 2016, but remains resilient and well above its lacklustre performance in 2015 when the country received just $408m in inflows.

The Bahamas’ performance is second only to the Dominican Republic, which claimed more than half of the Caribbean’s $5.8bn total. Most FDI to the region came from the United States and the European Union.

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