The Bahamas Investor

...a range of maturity dates; the earliest being repayable in 2016 and the latest in 2032. Applications will be received by The Banking Department beginning at 9:30 am on 17th September, 2012 and will close at 3:00 pm on 21st September, 2012. Allocations will commence at 9:30 a.m. on 24th September, 2012 and will cease at 3:00p.m. on 25th September, 2012. If the total subscriptions exceed the sum of B$100,000,000.00 (Nominal) partial allotment will......

...Read the Mid-Year Budget Statement 2014-15 as delivered by Prime Minister Perry Christie yesterday in the House of Assembly. View or download a PDF of the statement here.......

...To download or view the Bank Supervision Quarterly Letters initiative PDF, please click here.......

...verage rating of the top five Western centres”. The variance of the ratings is also shrinking rapidly things are certainly getting more competitive.” View/download the full report here.......

...Prime Minister Perry Christie presented the 2015-16 Budget Communication to the House of Assembly yesterday. View or download a PDF of the communication here.......

...nvestment portfolios.” BISX is able to list the secondary issues of public companies, the first company to take advantage to this was Fidelity Bank (Bahamas) Limited in September 2008 with the listing of four Medium Term Notes on BISX. Since that listing the number of secondary issues listed on BISX has expanded to 7 issues from 4 companies. These securities have seen high liquidity as evidenced by their high trading volumes, and the security of t......

...nergy costs increased in February, as both gasoline and diesel prices rose by 4.5% to $5.31 and by 0.2% to $5.15, over the prior month and firmed year-on-year, by 12.0% and 17.0%, respectively. In terms of electricity costs, the Bahamas Electricity Corporation’s fuel charge was higher, on both a monthly and annual basis, by 0.5% and 40.7%, to 26.05 cents per kilowatt hour (kWh). Revised data on the Government’s budgetary operations for the first h......

...oncluded a tax treaty with Japan. The requisite number of TIEAs stipulated by the OECD for international tax compliance is 12. The Bahamas has now signed TIEAs with 17 OECD members and nine members of the G-20. Although relatively subdued of late, the Japanese economy still remains one of the world’s largest and the agreement represents a continued commitment to international standards for financial regulation and building bilateral ties. “This TI......

...includes the government’s sale of its 51 per cent stake in the Bahamas Telecommunications Company in April. Investment in public infrastructure is also a contributing factor, with related spending reaching $12.2 million, according to the Central Bank’s Monthly Economic and Financial Developments Report for June 2011. Growth was also seen in the tourism sector in the early part of the year, as it benefitted from an increase in stopover visitors and......

...he government tourism complex. Householders also substituted lost earnings by becoming self-employed with informal businesses. In 2011, household expenditure at current prices grew by 2 per cent. The Gross Capital Formation Index measures the value of investment in buildings, machinery and infrastructure in the economy and is a combination of the materials and labour that are utilized to produce the various projects. In 2010, current prices invest......

...a range of maturity dates; the earliest being repayable in 2016 and the latest in 2028. Applications will be received by The Banking Department beginning at 9:30 a.m. on 31st October, 2011 and will close at 3:00 p.m. on 8th November, 2011. Allocations will commence at 9:30 a.m. on 9th November, 2011 and will cease at 3:00 p.m. on 10th November, 2011. If the total subscriptions exceed the sum of B$60,000,000.00 (Nominal) partial allotment will be......

...verage costs for food & non-alcoholic beverages turned upwards by 1.9% and for communication, by 1.3%. The other categories either recorded a slowdown in price gains or a decline in average costs over the period. Recent indicators suggest a continued, although moderated, uptrend in domestic fuel prices. For the month of January, the price of gasoline rose by 0.6% to $5.08 per gallon, while the average cost of diesel stabilised at $5.14 per gallon.......

...that in a world where personal wealth, commerce and investments are more mobile than ever, The Bahamas is perfectly positioned to be the smartest, safest and simplest financial centre for connecting the world’s fastest growing economies and for serving those wealthy individuals with them.” “It is hoped that all these bills would be enacted before year’s end.” To view the entire contribution download the PDF here.......

...will update the Canadian business community on the full range of international business and finance opportunities and services available in The Bahamas. The seminars will precede the luncheons and will be an hour and a half long. The format of the Bahamas Landfall: Destination Canada event will be similar to the successful Bahamas Landfall event, which was held in Brazil in November 2010. To see a draft of the agenda, download Bahamas Landfall: D......

...recession. Last year it grew by 1.8 percent. This year 2.5 percent growth is projected. That’s good news.” Read/Download the full address here  Communication for House of Assembly – Debate on Mid-Year Budget......