Turnpage

Please visit our sponsors

RSS Feed
 

News & Press - Jan 24/20

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
BTC privatization deal completed

The Bahamas Telecommunications Company (BTC) has been privatized with the sale of 51 per cent of shares to Cable & Wireless Communications (CWC) Plc. The global telecommunications company completed the acquisition of the national company for $210 million during an official signing in Nassau. Pictured are Gerard Borely - CFO for LIME, Eugenia Cartwright - Treasurer of The Commonwealth of The Bahamas, and The Rt. Hon. Hubert A. Ingraham - Prime Minister. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, April 6, 2011
Wednesday, April 6, 2011

The government completed the privatization of the Bahamas Telecommunications Company (BTC) today with the sale of 51 per cent of the company’s shares to Cable & Wireless Communications (CWC) Plc.

The shares were purchased at a cost of $210 million.

“This privatization, a process started 14 years ago, is essential for the development of the Bahamian economy. It is no longer about telecommunications; rather we are now in a world of converged communications,”?said Prime Minister Hubert Ingraham, before witnessing the Treasury of The Bahamas sign the Shareholders’ Agreement transferring its majority interest in BTC to CWC.

…continue >

Bermuda Premier to receive award at Women’s Empowerment Summit

Bermuda Premier Paula A Cox will be the recipient of the 2011 Regional Woman of The Year Award to be presented during the Women's Empowerment Summit 2011, April 27, at Atlantis Paradise Island. In its third year, the event provides information and resources to develop future industry leaders and promote The Bahamas as an international business services centre. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Monday, April 4, 2011
Monday, April 4, 2011

Bermuda Premier Paula A Cox will be the recipient of the 2011 Regional Woman of The Year Award to be presented during the Women’s Empowerment Summit 2011, April 27, at Atlantis Paradise Island.

The summit, themed “Embrace Your Power,” is a one-day conference hosted by Oyster Publications (Bahamas) Ltd featuring key speakers on leadership training and motivational activities.

…continue >

MOTA looks to increase Grand Bahama air arrivals

Director General of Tourism at the Ministry of Tourism and Aviation David Johnson is hoping that improved air links and connections will help turn around Grand Bahama's economy. He is also looking at the possibility of fast ferry services to other islands. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, March 30, 2011
Wednesday, March 30, 2011

The Ministry of Tourism and Aviation (MOTA) is teaming up with partners in the private sector to help boost Grand Bahama’s ailing tourism sector.

The government is strategizing with the Grand Bahama Airport Company and Freeport Harbour Company on ways to increase air arrivals to the island, according to David Johnson, Director General of Tourism at MOTA.

…continue >

Business Licence Act, 2010: What Does it Mean for Businesses?

The new Business Licence Act, which came into force on January 1, 2011, repeals and replaces a number of existing laws. Originally published in the Halsbury Chambers Q1 Newsletter, attorney Samantha Knowles?Pratt explains what the new act means for existing businesses. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, March 29, 2011
Tuesday, March 29, 2011

The Act, which came into force on January 1, 2011, repeals and replaces the Business Licence Act, Chapter 329, Statute Laws of The Bahamas (the “repealed Act”). The Act also repeals the following statutes:
• The Liquor Licence Act, Chapter 372, Statute Laws of The Bahamas;
• The Shop Licences Act, Chapter 377, Statute Laws of The Bahamas;
• The Music and Dancing Licences Act, Chapter 374, Statute Laws of The Bahamas; and
• The Registration of Business Names Act, Chapter 330, Statute Laws of The Bahamas

…continue >

Lyford Cay school releases development report

Private international school thanks parents, benefactors and friends for contributions reaching $1 million in 2009-10. The report details recent spending on enhanced programmes, capital improvements, technology and scholarships. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Friday, March 25, 2011
Friday, March 25, 2011

As part of efforts to consistently show transparency and maintain standards of academic excellence, the Lyford Cay International School has recently released a Development Report that highlights advancements made over the last year through contributions.

…continue >

London holds onto top spot in financial centres index

The 9th Global Financial Centres Index (GFCI 9) released this month provides profiles and ranking for 75 financial centres throughout the world. The biannual report found the top five centres to be London, New York, Hong Kong, Singapore and Shanghai, respectively. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, March 24, 2011
Thursday, March 24, 2011

The Global Financial Centres Index (GFCI) provides profiles, ratings and rankings for 75 financial centres, drawing on two separate sources of data–instrumental factors (external indices) and responses to an online survey.

The GFCI was first produced by Z/Yen Group in March 2007 and has subsequently been updated every six months. This is the 9th edition of GFCI (GFCI 9).

The report found that there remains no significant difference in ratings of London (775), New York (769) and Hong Kong (759), with respondents generally believing that these major centres continue to work well together for mutual benefit.

…continue >

2011 Futurewealth Report: Essence of Success

The "2011 Futurewealth Report: The Essence of Success" released by Scorpio Partnership in conjunction with Standard Chartered Private Bank and SEI (NASDAQ: SEIC) captures insight from 1,800 high-net-worth individuals who are on the fast track to generating wealth and identifies what it takes to be financially successful. The report is part of the ongoing Futurewealth Project undertaken by Scorpio Partnership. The project is a long-term initiative to uncover the attitudes and aspirations of wealth creators around the world. Download the full report here. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, March 23, 2011
Wednesday, March 23, 2011

View or download Scorpio Partnerships’ 2011 Futurewealth Report: Essence of Success report.

Comprehensive global wealth report released

The "2011 Futurewealth Report: The Essence of Success" released by Scorpio Partnership in conjunction with Standard Chartered Private Bank and SEI (NASDAQ: SEIC), finds that the super rich are still bullish on new wealth generation and see philanthropy as a key measure of success. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, March 22, 2011
Tuesday, March 22, 2011

Scorpio Partnership in conjunction with Standard Chartered Private Bank and SEI (NASDAQ: SEIC) has released its “2011 Futurewealth Report: The Essence of Success.”

…continue >

Central Bank head urges sound corporate governance

Speaking at the 19th World Conference of Banking Institutes held at Atlantis Paradise Island this week, Central Bank governor Wendy Craigg spoke on trust and accountability from a regulatory perspective. She said that ethics and good corporate governance were key to maintaining a sound financial system and healthy economy. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Sunday, March 20, 2011
Sunday, March 20, 2011

“It is important to establish a strong culture of compliance at the top of a financial institute, but at the end of the day, it is everybody’s responsibility,” according to the governor of The Central Bank of The Bahamas, Wendy Craigg.

…continue >

Central Bank releases January 2011 economic data

The Central Bank of The Bahamas has release its Monthly Economic and Financial Developments report for January 2011. The report collates data from financial institutions’ daily reports on foreign exchange transactions and weekly balance sheet statements. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Thursday, March 17, 2011
Thursday, March 17, 2011

In an effort to provide the public with more frequent information on its economic surveillance activities, the Central Bank of The Bahamas has decided to release monthly reports 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. The main data source for this surveillance is financial institutions’ daily reports on foreign exchange transactions and weekly balance sheet statements.

Therefore, monthly approximations may not coincide with calendar estimates reported in the Central Bank’s quarterly reports.

The Central Bank will release its Monthly Economic and Financial Developments report on the Monday following its monthly Monetary Policy Committee Meeting.

Future Release Dates:
2011: April 4, May 2, May 30, July 4, August 8, August 29, October 3, October 31, November 28, December 19.

To get the full January 2011 report download/view the PDF here.

Older Posts >

< Newer Posts

The Bahamas Investor
Administrative Links
  


  © 2020 ETIENNE DUPUCH JR PUBLICATIONS LTD