IMF: Bahamas in 'better place' on financial crime
An International Monetary Fund (IMF) yesterday praised The Bahamas’ efforts to strengthen its financial crime defences as a necessary safeguard against further loss of correspondent banking ties. Carolina Claver, a senior IMF financial sector expert
Culinary team selected as Hunger Ambassadors
The Bahamas National Culinary team has been chosen as the Hands for Hunger Ambassadors for the month of September.Hands for Hunger, the local non-profit charity, has been working to mitigate hunger by reducing food waste in The Bahamas for almost ten
Ministry in STEP to sponsor conference
The Ministry of Financial Services, Trade and Industry and Immigration was a major sponsor of the Society of Trust and Estate Practitioners (STEP) recent global conference.The event, held in Vancouver from 13-14 September 2018, hosted attendees from
Tourism workshop to visit out islands
Officials are planning to take the Tourist Money Never Done workshop to several Family Islands after last week’s inaugural event at the British Colonial Hilton was oversubscribed.The initiative was developed by the Ministry of Tourism and Aviation, i
BPL faces early Shell call on ‘shortfall’ fear
Bahamas Power & Light (BPL) will reach out to Shell to bridge any near-term “shortfall” in Nassau’s power needs due to the recent Clifton Pier fires, it was revealed yesterday.
'One-stop shop' to exploit 50% foreign investment cost cut
RoyalFidelity will tonight launch a “one-stop shop” investment management platform that aims to exploit the more than 50 percent cut in the premium Bahamians pay to invest overseas.Michael Anderson, pictured, the Bahamian merchant bank’s president, t
DPM: Bahamas to 'fare well' in financial crime assessment
THE Government is confident The Bahamas will “fare well” in the latest assessment of its anti-financial crime defences following corrective action by the Minnis administration.K Peter Turnquest, pictured, the deputy prime minister, yesterday said the
Disabled manager wins Atlantis dismissal victory
Atlantis failed to exhaust all options in finding a suitable post for a 30-year disabled veteran, the Court of Appeal ruled yesterday, describing the case as a legal “first” in The Bahamas. The court, unanimously upholding an earlier Industrial Tribu
Ginn purchaser's '$1 per year' marina offer no-go
A neighbouring developer yesterday rejected the $2.8bn Ginn purchaser’s “demand” to lease marina fuel facilities for $1 per year as “silly”, while reaffirming his desire to co-operate with its plans.John MacDonald, president of Island Ventures Resort
Bahamas must innovate to grow financial services
THE Bahamas must develop new and innovative financial services products to build on its traditional roots, a Cabinet minister said yesterday.Brent Symonette, minister of financial services, trade and industry and Immigration, told an anti-money laund
Governor forecasts more financial industry shrink
THE CENTRAL Bank’s governor yesterday forecast a further decrease in the number of banks and trust companies operating in The Bahamas, with several smaller entities indicating plans to exit.John Rolle, pictured, addressing an anti-money laundering/co
Credit Bureau bidder 'shortlist' this month
POTENTIAL operators for The Bahamas’ first-ever credit bureau will be “shortlisted” this month, the Central Bank’s governor said yesterday.John Rolle, addressing an anti-money laundering/counter terror financing conference organised by the regulator,
$2.8bn project's closing delayed by marina issue
The $2.8bn revival of Grand Bahama’s West End, which promises to create 1,400 full-time Bahamian jobs, has been delayed by marina-related concerns that have impacted the deal’s closing.Tribune Business can reveal that Skyline Investments, the Toronto
'One-stop shop' for Bahamians to trade globally
A bank has unveiled an online trading platform to give Bahamian investors direct “one-stop shop” access to the US and global financial markets.Cornèrtrader, a subsidiary of Bahamas-based Cornèr Bank (Overseas) subsidiary, said the initiative was desi
Former beauty queen: I'm not 'money hungry'
A Bahamian beauty queen-turned-songstress has accused the Ministry of Tourism of using “sharp tactics” to portray her as “money hungry” in the latest salvo of their acrimonious legal battle.Khiara Sherman, the former Miss Bahamas Universe, and her US
