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Bahamas unemployment rate dips

The number of women in the workforce has increased, particularly in New Providence, according to Department of Statistics figures released today. Unemployment rate stands at 13.7 per cent. 

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TheBahamasInvestor.com
Friday, August 5, 2011
Friday, August 5, 2011

The Bahamas’ unemployment rate dipped slightly to 13.7 per cent, according to the 2011 Labour Force Survey results released today by the Department of Statistics.

The results are based on information obtained April 25 to May 1 this year. The survey previous to this was conducted in 2009.

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IMF remains optimistic on Bahamian economic outlook

International Monetary Fund (IMF) delegation has concluded that despite the rise in expenditures during fiscal 2010/11, The Bahamas government will ensure stability in 2012. The head of the IMF team, Gene Leon, sees continued growth in The Bahamian economy. 

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TheBahamasInvestor.com
Wednesday, August 3, 2011
Wednesday, August 3, 2011

The Bahamian economy has fared well and is expected to grow despite recent global financial woes, according to the International Monetary Fund (IMF).

A delegation from the IMF visited The Bahamas in July to assess the country’s economic outlook and met with senior figures from the financial sector including Minister of State in the Ministry of Finance Zhivargo Laing and Central Bank Governor Wendy Craigg.

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Scorpio releases HNWIs report on asset allocation trends

London-based wealth management consultancy firm's research was conducted between April and June 2011, with responses from 22 private wealth institutions. Report shows that an increasing amount of assets are being allocated to growth markets and alternative investments. 

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TheBahamasInvestor.com
Tuesday, August 2, 2011
Tuesday, August 2, 2011

The HNW Asset Allocator III report is the third in a series of semi-annual reports by Scorpio Partnership, the London-based wealth management consultancy firm. The research, which tracks asset allocation trends in the global wealth management industry, was conducted in partnership with LPEQ, the listed private equity association.

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Bahamas government launches new portal website

Working in collaboration with the Singapore government's technology subsidiary, The Bahamas government has launched a new, improved website (www.bahamas.gov.bs) offers an new user interface with enhanced services for investors and the local community. 

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TheBahamasInvestor.com
Thursday, July 28, 2011
Thursday, July 28, 2011

The government unveiled its new $10.2 million online portal yesterday , which it says will streamline services and make doing business in The Bahamas more efficient.

“Today marks a very significant milestone in The Bahamas,” Prime Minister Hubert Ingraham told attendees at the website’s official launch, held at the Sheraton Hotel, Cable Beach.

“We are moving government services from the counter only to the computer screen also. This is a fundamental change that will have tremendous benefits for the entire country,” he continued. “Improved responsiveness is critical to building a more effective public service.”

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US airline to run new flights to Grand Bahama

US airline operator Vision Airlines has agreed to run services between several US cities and Grand Bahama. The budget flights will start in November this year. 

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TheBahamasInvestor.com
Thursday, July 28, 2011
Thursday, July 28, 2011

Vision Airlines has signed an agreement with the Grand Bahama Island Tourism Board to begin service to the northern Bahamas island beginning November 3, 2011.

The flights will originate from Ft Lauderdale, FL, Louisville, KY, Richmond, VA, Raleigh/Durham, NC and Baltimore/Washington airports. The new fares will start from $39 each-way from Ft Lauderdale and as low as $99 each way from the other cities, with certain restrictions.

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Grand Bahama set to host international film festival

Fort Lauderdale International Film Festival (FLIFF) is heading to Grand Bahama in October this year. Tourism officials hope that the event will give greater exposure to the island and generate future revenue from the film industry. 

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TheBahamasInvestor.com
Tuesday, July 26, 2011
Tuesday, July 26, 2011

Grand Bahama’s struggling economy is to receive a shot in the arm later this year, as it plays host to the Fort Lauderdale International Film Festival (FLIFF) in October.

FLIFF On-location: Grand Bahama Island takes place October 27-30, and tourism officials are hoping the event will encourage investors in the film industry to use the island as a location for future projects.

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Local surgeon urges Bahamas to tap potential in medical research

Nassau eye specialist Dr John Rodgers calls for more medical schools and research centres to draw student talent from the US to The Bahamas. The surgeon suggests there is potential for the jurisdiction to develop long-term relationships in the medical profession that will benefit the country socioeconomically in the future. 

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TheBahamasInvestor.com
Friday, July 22, 2011
Friday, July 22, 2011

The Bahamas should focus on developing medical schools and research centres in order to capitalize on lucrative opportunities in medical tourism, according to a leading local doctor.

Eye surgeon Dr John Rodgers, who has been involved in medical tourism for over 20 years, says The Bahamas needs to start following the lead of other countries in the Caribbean that are benefitting from an influx of medical students from abroad.

“Medical schools in the Caribbean are at the forefront of medical tourism,” he says. “Schools are oversubscribed in the US, so there is an overflow from the States to the Caribbean. There are these avenues open to us that we are not taking advantage of.”

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Newly elected president of the Bahamas Chamber of Commerce and Employers Confederation, Winston Rolle, says the restructured organization's goal is to enhance its services. The inaugural board was elected last month. 

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TheBahamasInvestor.com
Wednesday, July 20, 2011
Wednesday, July 20, 2011

Enhancing membership benefits is a top priority for the Bahamas Chamber of Commerce and Employers Confederation (BCCEC), according to the newly elected president–chief executive officer of TPM (Technology, Process and Management) Consulting and managing director of Bahamas Technology Solutions Ltd Winston Rolle.

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Department of Statistics releases May 2011 CPI Index and inflation rate

Department of Statistics has released the CPI Index and inflation rate for May 2011. The monthly economic indicator provides key data for The Bahamas. 

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TheBahamasInvestor.com
Friday, July 15, 2011
Friday, July 15, 2011

The Department of Statistics has released its May 2011 Consumer Price Index (CPI) and inflation rate.

The All Bahamas All Items index stood at 104.1. The pace of consumer price changes increased to 3.5 per cent.

The New Providence All Items Index stood at 104.0 with the rate of inflation rising to 3.8 per cent.

The Grand Bahama All Items Index stood at 103.9 with the rate of inflation standing at 2.0 per cent.

The Abaco All Item’s Index stood at 104.8 with the rate of inflation standing at 4.0 per cent.

Download the full data in Excel™ format here. View the data in html format here.

Capgemini and Merrill Lynch Global Wealth Management have released the the 2011 World Wealth Report. Key findings see high-net-worth individuals increase by 8.3 per cent and financial wealth growing to $42.7 trillion 

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TheBahamasInvestor.com
Friday, July 15, 2011
Friday, July 15, 2011

At the end of last month, Capgemini and Merrill Lynch Global Wealth Management released the 2011 World Wealth Report.

The study covers the key trends that affect high-net-worth individuals (HNWIs) throughout the world.

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