Turnpage

Please visit our sponsors

RSS Feed
 

News & Press - Sep 23/20

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
Government inks deal on Grand Lucayan sale – photos

The government of The Bahamas sold the Grand Lucayan March 2, 2020 to a partnership between Royal Caribbean International and ITM (Bahamas Port Investments Ltd), which is expected to make a $250 million investment between the hotel and the redevelopment of the cruise port. Pictured: Prime Minister Dr Hubert Minnis (standing, second right), seated at left are Royal Caribbean International President and CEO Michael Bayley (left) and CEO of ITM Mauricio Hamui, representing the Developer; and at right, Secretary to the Cabinet Camille Johnson (second right) and Director of Investments Candia Ferguson. Standing from left: Minister Iram Lewis, Minister of State Kwasi Thompson, Deputy Prime Minister Peter Turnquest, Prime Minister Hubert Minnis, and Minister Dionisio D'Aguilar. (BIS Photo/Yontalay Bowe)

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, March 3, 2020
Tuesday, March 3, 2020

The government of The Bahamas sold the Grand Lucayan March 2, 2020 to a partnership between Royal Caribbean International and ITM (Bahamas Port Investments Ltd), which is expected to make a $250 million investment between the hotel and the redevelopment of the cruise port.

The Heads of Agreement signing ceremony was held on the Great Lawn of the property, some 11 months following the signing of the Letter of Intent March 27, 2019.

…continue >

Quarterly Statistical Digest – PDF

The Central Bank of The Bahamas has released the complete monetary, financial, fiscal and economic statistics through December 2019. Download the full document here. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Monday, March 2, 2020
Monday, March 2, 2020

The Central Bank of The Bahamas has released the complete monetary, financial, fiscal and economic statistics through December 2019.

The Statistical Digest is a quarterly publication of the Central Bank of The Bahamas, prepared by the Research Department for issue in February, May, August and November. For more information visit centralbankbahamas.com.

…continue >

Central Bank publishes SFI list – PDF

The Central Bank of The Bahamas has published its list of Supervised Financial Institutions as of February 2020. Read the full list here. 

Source:
Date:
Updated:
Central Bank of The Bahamas
Monday, March 2, 2020
Monday, March 2, 2020

The Central Bank of The Bahamas has published its list of Supervised Financial Institutions.

Compiled by the Bank Supervision Department which publishes on a quarterly basis, the SFI list includes banks, trust companies, co-operative credit unions and electronic money service providers active in The Bahamas.

…continue >

PM presents Mid-Year Budget Communication – PDF

Prime Minister Dr Hubert Minnis presented his Mid-Year Budget Communication in the House of Assembly yesterday. 

Source:
Date:
Updated:
Government of The Bahamas
Wednesday, February 26, 2020
Wednesday, February 26, 2020

Prime Minister Dr Hubert Minnis presented his Mid-Year Budget Communication in the House of Assembly yesterday.

The Prime Minister shared details of the country’s ongoing recovery from Hurricane Dorian and the fiscal and economic policies his government has introduced to mitigate the long-term impact of the storm.

…continue >

AG attends FATF session in Paris

Attorney General and Minister of Legal Affairs Carl Bethel led a Bahamian delegation to represent The Bahamas at the Financial Action Task Force Plenary session in Paris last week, during which he addressed the task force. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, February 25, 2020
Tuesday, February 25, 2020

Attorney General and Minister of Legal Affairs Carl Bethel led a Bahamian delegation to represent The Bahamas at the Financial Action Task Force (FATF) Plenary session in Paris last week, during which he addressed the task force.

The FATF has made the initial determination that The Bahamas has substantially completed its action plan, and merits an on-site assessment to verify strengthening of the effectiveness of its AML/CFT regime.

…continue >

The Bahamian real-estate market has had a mixed year with subdued sales in hurricane-hit Abaco and Freeport but renewed interest in Nassau communities such as Cable Beach and Sandyport. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, February 25, 2020
Tuesday, February 25, 2020

Real-estate market mixed following Hurricane Dorian

Pictured: Hope Town Lighthouse. Abaco saw a dip following Hurricane Dorian, but Green Turtle Cay remains a real estate hotspot. (Photo courtesy The Bahamas Ministry of Tourism and Aviation)

The Bahamian real estate market has had a mixed year with subdued sales in hurricane-hit Abaco and Freeport but renewed interest in Nassau communities such as Cable Beach and Sandyport.

The total number of residences sold on The Bahamas Multiple Listing Service dropped around 20 per cent last year, according to the Engel & Volkers 2019 Real Estate Market Report which said the dip was due in part to Hurricane Dorian’s devastation of Abaco–traditionally a real estate hotspot.

While the total number of sales in the Abacos were almost half the volume sold the previous year, Green Turtle Cay managed to maintain its market with recorded sales the same as 2018 and an 8.6 per cent increase in prices.

…continue >

The newly founded Caribbean Chamber of Commerce in Europe is opening its doors soon, offering Caribbean-based companies an alternative gateway to the continent at a time the UK proceeds its exit from the European Union. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Monday, February 24, 2020
Monday, February 24, 2020

Caribbean Chamber of Commerce set to launch in EuropeThe newly founded Caribbean Chamber of Commerce in Europe (CCCE) is opening its doors soon, offering Caribbean-based companies an alternative gateway to the continent at a time the UK proceeds its exit from the European Union (EU).

CCCE will promote trade and commerce between the wider Caribbean region, the UK and Europe and attract European investment to strengthen the Caribbean economy.

Joining the cluster of chambers of commerce based at Brussels Enterprises Commerce and Industry (BECI) expands the scope of CCCE’s network and widens its base, enabling it to operate effectively from the capital of the EU.

…continue >

CHTA: Region’s tourism sector remains robust

Hotel growth last year continued to stimulate regional economies and augurs well for a strong 2020, according to reports and forecasts given at recent Caribbean Hotel and Tourism Association meetings. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, February 20, 2020
Thursday, February 20, 2020

Hotel growth last year continued to stimulate regional economies and augurs well for a strong 2020, according to reports and forecasts given at recent Caribbean Hotel and Tourism Association (CHTA) meetings.

CHTA introduced a new companion event called Caribbean Tourism Pulse, held around the organization’s annual Caribbean Travel Marketplace at Baha Mar in The Bahamas last month.

…continue >

Bahamas meets EU tax governance criteria

Speaking at an industry event earlier in the week, Acting Prime Minister and Minister of Finance Peter Turnquest said that the removal of The Bahamas from the European Union’s tax watch list is confirmation that The Bahamas has implemented the necessary reforms to meet criteria on tax governance and cooperation on tax matters. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, February 20, 2020
Thursday, February 20, 2020

Speaking at an industry event earlier in the week, Acting Prime Minister and Minister of Finance Peter Turnquest said that the removal of The Bahamas from the European Union’s tax watch list is confirmation that The Bahamas has implemented the necessary reforms to meet criteria on tax governance and cooperation on tax matters.

He made the remarks at the Bahamas Financial Services Board (BFSB) Industry Development Series: ‘Financial Crimes Enforcement, Compliance and Risk Management’ at the British Colonial Hilton, February 19, 2020.

…continue >

EU removes Bahamas from tax watch list

The European Union’s Economic and Financial Affairs Council has removed The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, February 19, 2020
Wednesday, February 19, 2020

The European Union’s Economic and Financial Affairs Council has removed The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes.

In a statement released yesterday, the EU confirmed that The Bahamas has implemented the necessary reforms to meet the EU criteria on tax governance and cooperation on tax matters.

…continue >

Older Posts >

< Newer Posts

The Bahamas Investor
Administrative Links
  


  © 2020 ETIENNE DUPUCH JR PUBLICATIONS LTD