Golfing superstar Tiger Woods is back in The Bahamas to play in his World Hero Challenge at the Albany resort, bringing the attention of international media to New Providence.
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This summer, seven University of The Bahamas (UB) students were afforded the opportunity to gain industry experience and professionals skills through paid internships with Member firms of the Association of International Banks and Trust Companies (AIBT) in Nassau, and a Spanish immersion programme in Mexico.

The annual 4-6 week internships are part of AIBT’s mandate to provide professional development opportunities for current and future leaders of the financial services industry, through its annual Nassau Conference and associated initiatives.

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More than 100 jurisdictions have concluded negotiations on a multilateral instrument (MLI) that will swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises.

The new instrument will transpose results from the Organization of Economic Co-operation and Development (OECD) /G20 Base Erosion and Profit Shifting Project into more than 2000 tax treaties worldwide. A signing ceremony will be held in June 2017 in Paris.

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PARADISE ISLAND, Bahamas, November 2016 /PRNewswire/ — On December 1, Bay View Suites Paradise Island will begin welcoming guests after completing a rebranding that includes a new name (formerly the Best Western Bay View Suites) as well as an updated marketing strategy, including a new logo. In addition to the refreshed logo, the new strategy also includes redesigned collateral, the use of Travelclick as a new booking engine, and a fresh URL (BayViewSuitesParadiseIsland.com.) The milestone signifies the hotel’s transition to become one of the leading independent properties on Paradise Island.

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28/11/2016 – Expansionary fiscal initiatives and maintaining trade openness are needed to push the global economy out of today’s low-growth trap, according to the OECD’s latest Global Economic Outlook.

“The global economy has the prospect of modestly higher growth, after five years of disappointingly weak outcomes,” OECD Secretary-General Angel Gurría said while launching the Outlook. “In light of the current context of low interest rates, policymakers have a unique window of opportunity to make more active use of fiscal levers to boost growth and reduce inequality without compromising debt levels. We urge them to do so,” Mr Gurría said.

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Here follows a press release by the Ministry of Financial Services:

The signing of the Economic Partnership Agreement (EPA) by The Bahamas in 2008 was significant. The Agreement represented the first reciprocal albeit asymmetrical trade agreement negotiated by The Bahamas. The signing of the Agreement created the potential for exponential growth in trade for a country like The Bahamas as the Agreement provides companies with the opportunity for preferential access to the markets of the European Union for goods, services and investments.

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The Central Bank seeks to actively reduce de-risking threats to The Bahamas

De-risking is the purposeful rejection or termination of financial relationships with clients or groups of clients considered “high risk” to avoid, rather than manage, risks. It often manifests itself as the withdrawal of correspondent banking relationships (CBRs). This is a global challenge with substantial impacts in this region.

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Major golf and basketball tournaments over the next couple of weeks are giving The Bahamas global exposure as premier sports tourism destination. Watch a report here.
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The Ministry of Tourism has relaunched its bahamas.com website with a new booking facility. Watch a report on the launch here.
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