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News & Press - Apr 19/18

 

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College students to attend financial services conference

A select group of exceptional students at The College of The Bahamas (COB) are set to attend the Nassau Conference to be held June 15, at the British Colonial Hilton, Nassau. The event, now in its sixth year, will be addressing the topic of Wealth Management: Navigating Our Future. 

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TheBahamasInvestor.com
Monday, May 23, 2011
Monday, May 23, 2011

Thirteen outstanding business students at The College of The Bahamas (COB) are set to attend a conference addressing pivotal issues facing the banking and trust industry.

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BFSB updates legislative highlights booklet

The Bahamas Financial Services Board (BFSB) in collaboration with the country's top law firms has updated and rebranded its booklet on legislation in the jurisdiction. Titled The Bahamas Advantage - Your Wealth and Asset Management Gateway of The Americas Since 1930, the booklet contains fact sheets on legislation relating to the financial services sector and conducting international business from the island nation. 

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TheBahamasInvestor.com
Friday, May 20, 2011
Friday, May 20, 2011

The Bahamas Financial Services Board (BFSB) in collaboration with the country’s top law firms has updated and rebranded its booklet on legislation in the jurisdiction. Titled The Bahamas Advantage – Your Wealth and Asset Management Gateway of The Americas Since 1930, the booklet contains fact sheets on legislation relating to the financial services sector and conducting international business from the island nation.

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The National Accounts Section of the Department of Statistics has announced the release of the 2010 preliminary estimates along with the historically revised estimates of gross domestic product (GDP) for the period 1997 to 2009. 

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TheBahamasInvestor.com
Wednesday, May 18, 2011
Wednesday, May 18, 2011

The National Accounts Section of the Department of Statistics has announced the release of the 2010 preliminary estimates along with the historically revised estimates of gross domestic product (GDP) for the period 1997 to 2009.

The 2010 preliminary results are based on early estimates from major data sources such as The Central Bank of The Bahamas, Ministry of Tourism and Aviation, and the Foreign Trade Section of the Department of Statistics, among others. They are also based on indicators that normally mimic movements of particular industries, including hotel room rates, megawatt sales, building permits, chargeable telephone minutes, and the consumer price index.

The 2010 GDP figures are preliminary and as more data becomes available, the figures will be revised in keeping with international practices and procedures.

According to these early results, the GDP in current prices for 2010 had a negative growth of 1.35 per cent, as compared to 2009 that had a negative growth of 5.26 per cent. However, when measuring the real growth that occurred in the economy, (which is growth unencumbered by inflation) the Bahamian economy had a positive growth of 0.95 per cent in constant prices.

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Colina initiative to drive medical tourism

Insurance group Colina is helping to promote medical tourism in The Bahamas through a new initiative with the University of Miami. The initiative will pave the way for increased technology and information exchange. 

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TheBahamasInvestor.com
Thursday, May 12, 2011
Thursday, May 12, 2011

Florida’s highest ranked medical school the International Medicine Institute of the University of Miami, has signed a knowledge and technology transfer agreement with Colina Insurance Ltd enabling Bahamian physicians to train in the United States and use cutting-edge technology to improve patient care.

“This is a landmark initiative by Colina,” said the group’s executive vice chairman Emanuel Alexiou. “We recognize knowledge transfer as one of the most important steps in the evolution of medicine and healthcare. We hope that this partnership will breathe new life into the local healthcare environment.

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JetBlue launches new Nassau route

US carrier has announced it will add another flight to its services to The Bahamas. It will now fly three times a day between Fort Lauderdale and Nassau. 

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TheBahamasInvestor.com
Wednesday, May 11, 2011
Wednesday, May 11, 2011

One of Nassau’s key air providers, JetBlue Airways, has announced it will add another flight to its services to The Bahamas.

The US carrier will now fly three times a day between Fort Lauderdale and Nassau. JetBlue also operates routes from Nassau to New York, Boston and Orlando.

In announcing the new flights, Scott Laurence, JetBlue’s vice president of network planning, said: “This additional flight would not be possible without the steadfast support of the Nassau and Paradise Island Promotion Board. We’re very happy with the tremendous support we’ve received from customers in both South Florida and The Bahamas.”

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Central Bank releases March report

Central Bank has released its monthly report on economic and financial sector developments in The Bahamas. The Bank monitors these conditions as part of its monetary policy mandate, to assess whether money and credit trends are sustainable relative to levels of external reserves required to protect the value of the Bahamian dollar and, if not, the degree to which credit policies ought to be adjusted. Download the full report for March here. 

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Central Bank of The Bahamas
Wednesday, May 11, 2011
Wednesday, May 11, 2011

View or download the Monthly Economic and Financial Developments report for March.

Bahamas hosts Women’s Empowerment Summit 2011

Bermuda’s Premier and Minister of Finance Paula Cox was keynote speaker at the Women’s Empowerment Summit 2011, held at Atlantis Paradise Island last month. Cox was the recipient of the summit's RBC Regional Female Leadership Award. Pictured (l-r) Cox, and other award winners–director of the Young Bahamian Marine Scientist Nikita Shiel-Rolle and Bahamas Hotel Catering and Allied Workers Union president Nicole Martin. 

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TheBahamasInvestor.com
Monday, May 9, 2011
Monday, May 9, 2011

Those attending the Women’s Empowerment Summit 2011 held in Nassau at the end of last month were given a crash course on how to prepare for leadership by the recipient of the summit’s RBC Regional Female Leadership Award–Bermuda’s Premier and Minister of Finance, Paula Cox.

The Premier, who spoke on “Preparing to Lead,” said that smart women know that it is persistence and not perfection that is the hallmark of a great leader and that women must be determined to make progressive change occur in the coming years.

The “female factor,” she said, is critical in helping to build and strengthen nations.

Admitting that there remained “a long way to go,” Cox queried, “where are we on the continuum of progress? Is the glass half empty or is it half full?”

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SG Hambros MD calls for improved communications, skills

SG Hambros bank and trust company managing director Dorothy Hilton is calling for enhanced communications networks for the jurisdiction to remain competitive in an increasingly global arena. The bank MD also says that language skills should be developed. 

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TheBahamasInvestor.com
Friday, May 6, 2011
Friday, May 6, 2011

To compete in an era where financial services are provided on a global scale, The Bahamas must develop strong communications networks and enhance skills within the sector, according to SG Hambros managing director Dorothy Hilton.

“The financial industry is becoming more of a global industry than an industry by jurisdiction,” says Hilton. “The ongoing development of our air links and communications networks will be a key determinant in our success an an international finance centre going forward.

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Event highlights investment opportunities in Caribbean tourism

Tourism industry leaders from throughout the Caribbean region are set to meet in New York in June to discuss new opportunities within the sector and potential avenues of investment. High profile speakers from Goldman, Sachs & Co, and the Brilla Group will address attendees. 

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TheBahamasInvestor.com
Tuesday, May 3, 2011
Tuesday, May 3, 2011

Tourism industry leaders from throughout the Caribbean region are set to meet in June to discuss new opportunities within the sector and potential avenues of investment.

The Invest Caribbean 2011 Power Breakfast, which takes place in New York on June 9, is jointly hosted by the Caribbean Tourism Organization (CTO), the Caribbean American Chamber of Commerce and Industry (CAACI) and media group Hard Beat Communications. 

The Bahamas is a member of CTO.

High profile speakers such as W. Dave Dowrich, vice president of investment banking at Goldman, Sachs & Co, and founder of the Brilla Group David Brillembourg will address attendees on investment opportunities in the region. “The Caribbean Tourism Organization is proud to team up with Hard Beat and CAACI to present this event since, in these tough economic times, investment in the Caribbean is critical and the CTO believes strongly in continuing to boost the tourism sector of this vibrant region by presenting investment opportunities for its members,” said director of CTO-USA Sylma Brown Bramble.

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Agriculture key to Grand Bahama growth

Inter-American Institute for Cooperation on Agriculture representative calls for a combined effort in developing agriculture in The Bahamas. Grand Bahama offers perfect opportunity for growth in the sector. 

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TheBahamasInvestor.com
Sunday, May 1, 2011
Sunday, May 1, 2011

Agriculture could deliver a much-needed boost to Grand Bahama’s economy, according to the Inter-American Institute for Cooperation on Agriculture (IICA).

Against a backdrop of rising food prices, it is crucial that The Bahamas’ increases agricultural production, improves on self-sufficiency and enhances its competitiveness in the export market, according to IICA representative Dr Marikis Alvarez.

Agriculture accounts for just two per cent of The Bahamas’ $7.4 billion gross domestic product and, from 1997 to 2007, the country doubled its spending on vegetable imports to reach a total of $100 million.

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