The Bahamas Investor

...Turkish Airlines and Nassau Flight Services held a meeting with Minister of Tourism Dionisio D’Aguilar August 30, 2018 at the Ministry’s offices.......

...meeting with the Prime Minister of Singapore on the proposed digital transformation of The Bahamas. The Prime Minister’s schedule also includes a courtesy call on Antonio Guterres, secretary general of the United Nations. They are expected to engage in discussions on how the UN can assist The Bahamas through developmental grant that may be available. The Prime Minister will serve as Patron at a special reception commemorating the 45th Anniversary......

...Minister of Financial Services, Immigration, Trade and Industry Brent Symonette delivered his budget contribution in the House of Assembly June 13, 2018. Read/download the full contribution here: CONTRIBUTION TO THE 2018-2019 BUDGET BY THE HON. BRENT SYMONETTE......

...and it is about diversifying our business here in Grand Bahama.” “This ultimately means providing more improvements to our economy and providing more jobs for Bahamians.” Registration for Bahamians is free of charge (promo code: bah2018).......

...an impact the ability to meet financial obligations. The time is also ripe for meaningful institutional reform to the Organization, including implementation of International Public-Sector Accounting Standards, relevant improvements to the IT infrastructure of the Organization and enhancing the efficacy of the Permanent Council for monitoring and oversight of the Secretariat. Towards a 21st Century OAS Mr. President, The OAS that we all want is one......

...Members of FxPro Group paid a courtesy call on Brent Symonette, Minister of Financial Services, Trade & Industry and Immigration at the Ministry March 26, 2018.......

...Pictured: Minister of Financial Services, Trade & Industry and Immigration Brent Symonette (left), welcomes Lombard Odier & Cie executives, Christophe Hentsch, partner/head office, (centre), and Renaud Vielfaure, local managing director, in a courtesy call at the Ministry February 19, 2018. (BIS Photo/Derek Smith)......

Minister of Financial Services, Trade and Industry and Immigration Brent Symonette and Attorney General Carl Bethel took part in the Association of International Bank & Trust Companies in The Bahamas’ (AIBT ) Financial Services Boot Camp held on the sidelines of the Nassau Conference at the Baha Mar Convention Centre last week. The moderator was Bahamas Financial Services Board chair Antoinette Russell. The event was held October 12 under the the......

...gh the licensing process, but will be exempt from the business license fee for 2018,” Prime Minister Minnis said. Prime Minister Minnis also announced that the Cabinet of The Bahamas has approved the launch of the Small Business Development Centre of The Bahamas, scheduled for this year. The initiative will be spearheaded by the government, in conjunction with the University of The Bahamas and The Bahamas Chamber of Commerce and Employers’ Confede......

...ed expenditure of $2.5 billion.” In 2008, the previous developer went into foreclosure. “The application is now before the National Economic Council to approve in principle and to authorize the relevant government agencies, to negotiate a Heads of Agreement, on an expeditious basis,” Prime Minister Minnis added. The deal was one of several major announcements Prime Minister Minnis made with regards to the restoration of the Grand Bahama economy du......

...economy. These businesses employ thousands of Bahamians. They are critical for economic growth.” Prime Minister Minnis said to further promote the ease of doing business for such enterprises, the government of The Bahamas – after consultation with The Central Bank of The Bahamas – in the final quarter of 2017, announced the relaxation of exchange controls on capital transactions, namely on capital (investment) and current account (trade) transacti......

...cial has announced it is set to launch a new advisory arm, to be headed by former Bahamas Minister of Investments Khaalis Rolle. The new company, Sterling Global Advisors Ltd, follows on the heels of Sterling’s launch last year of Sterling Bank & Trust (Bahamas) Ltd. “The new advisory firm will allow the firm to consolidate and provide a more strategic focus on a component of its business which was previously viewed as value-added for existing cli......

...tinations having been severely impacted. Consequently, we have revised our forecast for 2017 to between one and two per cent, with a similar growth rate projected for next year. This is expected to have a significant economic impact, based on predictions by the Caribbean Development Bank; according to the CDB every one per cent reduction in tourist arrivals could cost US$137 million in lost revenue. Our revised forecast is based on a number of fac......

...Pictured: Dr Beat Nobs, Ambassador of Switzerland to the Commonwealth of The Bahamas (third left) paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Brent Symonette (second left) October 19, 2017 at the Ministry. Also pictured, Permanent Secretary Sherrylee Smith and Honorary Consul for Switzerland Christian Coquez. (Photo/Courtesy Ministry of Financial Services)......

...ciation of Compliance Officers (BACO ) in Freeport yesterday, Deputy Prime Minister and Minister of Finance Peter Turnquest said that the strength of Grand Bahama’s economy is vital to the nation’s overall growth. “People don’t necessarily understand how important Grand Bahama is to the entire health of this country, because it is still the second largest economy,” he said. “If (Grand Bahama’s economy) fails, it will cause enormous pressure on the......