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News & Press - Nov 19/18

 

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Central Bank focuses on Fintech

As The Central Bank of The Bahamas moves ahead with plans to develop a digital Bahamian dollar, governor John Rolle says regulators must facilitate "the positive side of the Fintech revolution". (Stock photo)

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TheBahamasInvestor.com
Monday, November 5, 2018
Monday, November 5, 2018

As The Central Bank of The Bahamas moves ahead with plans to develop a digital Bahamian dollar, governor John Rolle says regulators must facilitate “the positive side of the Fintech revolution”.

Addressing attendees at the Caribbean Association of Banks 45th annual conference last week, Rolle said: “We are working to have a digital version of the local currency in circulation at some point. This will be a digital version, functioning in every way as the existing currency.”

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DPM addresses CAB conference – pdf

Deputy Prime Minister and Minister of Finance Peter Turnquest brought remarks at the Caribbean Association of Banks' 45th Annual General Meeting and Conference, October 31, 2018. Read/download his address here. (Stock photo)

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TheBahamasInvestor.com
Friday, November 2, 2018
Friday, November 2, 2018

CABDeputy Prime Minister and Minister of Finance Peter Turnquest brought remarks at the Caribbean Association of Banks’ (CAB) 45th Annual General Meeting and Conference, October 31, 2018. Read/download his address here.

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Central Bank releases latest economic report

The domestic economy’s mild growth trajectory was maintained during September, according to The Central Bank of Bahamas’ latest Economic and Financial Developments report. Activity was underpinned by the ongoing gains in tourism, amid increases in high-end hotel inventory and airline seat capacity, while construction sector output was driven by several varied-scale foreign investment projects. 

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Central Bank of The Bahamas
Thursday, November 1, 2018
Thursday, November 1, 2018

The domestic economy’s mild growth trajectory was maintained during September, according to The Central Bank of Bahamas latest Economic and Financial Developments report.

Activity was underpinned by the ongoing gains in tourism, amid increases in high-end hotel inventory and airline seat capacity, while construction sector output was driven by several varied-scale foreign investment projects.

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RCI reveals next-level adventures

Short getaways to the highly anticipated private island development in The Bahamas, CocoCay, are in for a double dose of adventure with a $115 million modernization of Royal Caribbean International's (RCI) Navigator of the Seas. Read a press release from RCI here. Pictured: Royal Caribbean International's reimagined Navigator of the Seas. (PR Newswire FOTO/RCI Cruises)

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TheBahamasInvestor.com
Thursday, November 1, 2018
Thursday, November 1, 2018

MIAMI, November 2018 /PRNewswire/ — Short getaways are in for a double dose of adventure. Royal Caribbean International [RCI] is amping things up on 3- to 4-night Caribbean cruises with new, record-breaking experiences coming to a reimagined Navigator of the Seas. With a $115 million modernization, Navigator will offer vacationers a lineup of firsts and Royal Caribbean favorites, including an awe-inspiring Caribbean poolscape, two daring waterslides, the first blow dry bar at sea, Insta-worthy nightlife and dining, and thrilling activities for the whole family.

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PM addresses RBC bankers – photos

Prime Minister Dr Hubert Minnis addressed a Royal Bank of Canada reception at the Grand Hyatt, Baha Mar, October 31, 2018. Pictured: Prime Minister Dr Hubert Minnis addresses the RBC reception. (BIS Photo/Yontalay Bowe)

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TheBahamasInvestor.com
Thursday, November 1, 2018
Thursday, November 1, 2018

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Nassau hosts Caribbean bankers

The Caribbean Association of Banks (CAB) is holding its 45th conference and AGM in The Bahamas this week, bringing together bankers from all over the region to discuss industry issues such as Fintech, financial inclusion, regulatory opportunities and trade disruptors. Pictured: CAB general manager Mrs. Mary Popo. (Stock photo)

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TheBahamasInvestor.com
Thursday, November 1, 2018
Thursday, November 1, 2018

The Caribbean Association of Banks (CAB) is holding its 45th conference and AGM in The Bahamas this week, bringing together bankers from all over the region to discuss industry issues such as Fintech, financial inclusion, regulatory opportunities and trade disruptors.

Speaking ahead of the event, which takes place at the Melia Nassau Beach resort in Nassau until November 3, CAB general manager Mary Popo said the event’s theme ‘Banking in the Era of Digitalisation’ is a timely one.

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ASBA members convene in Nassau

Deputy Prime Minister and Minister of Finance Peter Turnquest welcomed the Association of Supervisors of Banks of The Americas XXI Annual Assembly and XIII High-Level Meeting at Grand Hyatt, Baha Mar, October 30, 2018. Read his address here. (Stock photo)

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TheBahamasInvestor.com
Wednesday, October 31, 2018
Wednesday, October 31, 2018

Deputy Prime Minister and Minister of Finance Peter Turnquest welcomed the Association of Supervisors of Banks of The Americas XXI Annual Assembly and XIII High-Level Meeting at Grand Hyatt, Baha Mar, October 30, 2018.

Here follows the welcome address from Deputy Prime Minister and Minister of Finance Peter Turnquest:

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Bahamas in top five sought-after tourist destinations

The Bahamas is among the top five international destinations being sought by consumers, according to Travel Leaders Group travel advisors survey. The survey also showed a growing interest in adventure and speciality travel among respondents. 

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Travel Leaders Group
Wednesday, October 31, 2018
Wednesday, October 31, 2018

Travel Leaders Group logoNEW YORK, Oct. 31, 2018 /PRNewswire/ — The latest travel trends survey from Travel Leaders Group conducted among 1,000 North American travel advisors reveals that active and adventure travel, along with culinary and wine-focused journeys, are currently among the most popular specialty travel choices, while Scotland and the Netherlands make an appearance among the top five up and coming European destinations. Also, Singapore moved up a notch in popularity in the Asia/Southeast Asia category.

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Representatives of The Bahamas Ministry of Tourism and Aviation were recently in Japan and China to market the island nation as a hotspot for tourism. Watch a video of the promotional tour here. 

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Tourism Today
Wednesday, October 31, 2018
Wednesday, October 31, 2018

Continue to see videoRepresentatives of The Bahamas Ministry of Tourism and Aviation were recently in Japan and China to market the island nation as a hotspot for tourism. Watch a video of the promotional tour here.
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Finance Ministry releases Q1 budget report – audio

Ministry of Finance has announced its First Quarter Budget Performance Report indicating that performance trends are moving in the right direction compared to the same quarter last year. Listen to Bahamas Information Services report from their Daily Radio Recap here. 

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TheBahamasInvestor.com
Wednesday, October 31, 2018
Wednesday, October 31, 2018


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