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Commonwealth Bank today announced that its board of directors has declared a three-for-one stock split.

“I am pleased to announce this three-for-one stock split which reflects the continued strong financial position of the bank,” said William Sands, executive chairman of Commonwealth Bank. “This split is a direct reflection of years of increasing shareholder value and the ongoing liquidity of our shares.”

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Indications are that domestic economic conditions remained subdued during the review month, reflecting the ongoing softness in tourism output, while foreign investment projects and hurricane repair activities continued to support construction activity.

Private sector spending also continued to show improvement, as evidenced by rising demand for foreign exchange for the purchase of goods and services from abroad. Given the level of construction activity, the onboarding of staff for Baha Mar, and some public sector recruitments, employment conditions improved over the six months to May 2017, pushing the jobless rate below double digit levels for the first time in almost a decade.

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VOLUME 61, ISSUE 3/2017 (H&J Focus) – Focus is pleased to have interviewed the new Inspector of Banks and Trust Companies at the Central Bank of The Bahamas, Mr. Charles Littrell [pictured, stock]. A national of Australia, leads the Bank Supervision Department and continues the Central Bank’s financial sector supervisory capacity building program. Mr. Littrell shares insights into the mandate he has been given and his role within the Bank.

This is an excerpt from H&J Focus as it appeared on September 21, 2017. For updates or to read the current version of this post in its entirety, please click here.

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Minister of Tourism Dionisio D’Aguilar will be the keynote speaker at the Abaco Outlook conference to be held next week. Watch a Fidelity Business News report here.
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The resort company’s collection of accolades demonstrates its continued commitment to excellence of the brand and its resorts by receiving the recognition of the Caribbean’s Leading Hotel Brand, thus earning this title for 24 consecutive years.

Also awarded within Sandals Resorts International’s brand was its newest resort, Sandals Barbados, which received the special honour of Caribbean’s Leading Resort 2017.

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As the halfway point of the two-year LINK-Caribbean Angel Investment programme approaches, over $500,000 has been awarded to 14 Caribbean companies to support their development to attract angel investment.

The World Bank Group, together with the Caribbean Export Development Agency, launched LINK-Caribbean last September, funded by the government of Canada. The investment facilitation programme aims to enable early-stage Caribbean entrepreneurs to raise capital from private investors, particularly business angel investors.

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Director general at the Ministry of Tourism Joy Jibrilu has announced the launch of a business development unit to help local business people with ideas for new tourism ventures.
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The Ministry of Finance is hosting a series of seminars and meetings on its Public Financial Management and Performance Monitoring Reform (PFM/PMR) Project, September 18-20, 2017 at the British Colonial Hilton.

Participating in the seminars, under the title “Strengthening the Delivery of Public Services Using a Centre of Government Approach,” will be Parliamentarians, senior public servants and civil society.

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