The Bahamas Investor

...ording to the report. “Capital flows to developing countries have declined by almost half as compared with last year, Europe appears to have entered recession, and growth in several major developing countries (Brazil, India, and to a lesser extent Russia, South Africa and Turkey) has slowed partly in reaction to domestic policy tightening. As a result, and despite relatively strong activity in the United States and Japan, global growth and world t......

...monetary sector, liquidity and external reserves rose modestly, supported by net foreign currency inflows arising partly from foreign investment and government’s financing activities. Preliminary evidence suggests that tourism sector output continued to strengthen in December. The 28.5 per cent surge in sea passengers, alongside a more moderate 7.7 per cent advance in air arrivals, led to higher growth of 23.8 per cent in overall tourists, relati......

...urvey, which was conducted in November of last year. The survey provides information on the labour force as it existed during the reference period of October 24-30, 2011. The results of the survey indicate that since the last survey conducted in May of 2011, there was a slight increase, less than one percent, in the size of the labour force, which now numbers 190,445 persons . The number of women declined by 1.4 per cent, while their counterpart i......

...rganisation of Economic Co-operation and Development Global Forum on Transparency and Tax Information Exchange and its Peer Review committee and the government of The Bahamas commends the government of India for its accomplishment as a vice-chair of the Peer Review Group.” A delegation from the Indian High Commission in Jamaica also attended the signing. To download a PDF of the TIEA click here.......

...c hotel sector, compared to a more significant retrenchment after the passage of Hurricane Mathew in 2016. Favourable momentum was also provided from the increase in room capacity from the ratcheting-up of operations at the multi-billion dollar Baha Mar resort. In addition, foreign investment-related activity, and to a lesser extent ongoing post-hurricane rebuilding work, provided impetus to the construction sector. As a consequence, labour market......

...es the higher level of reporting, transparency and accountability mandated by the transformative new law. Although the public would certainly find it reasonable to adjust course because of Hurricane Dorian, the government can no longer make significant deviations to its fiscal plan and legally mandated targets without first presenting a plan and rationale to the public,” said Minister Turnquest. In the Q report, government revenue saw an expected......

...ted new data sources and methodology revisions has resulted in an upward revision in the level of GDP, which will correspondingly affect a wide range of indicators where it is used as a reference point. For example, trends in public expenditure, revenue and public debt are typically analyzed in terms of their ratios to nominal GDP.” Download the National Accounts 2016 Report here.......

...a financial technology (FINTECH) seminar at The British Colonial Hilton. Topics discussed at the seminar included The Disruptive Effect of Fintech, Blockchain, Artificial Intelligence, opportunities for the Bahamas among others. Read/Download documentation from the event here:  Blockchain Assets and the Distributed Economy  Draft – Bahamas Position Paper on FinTech 2018......

...Speaking at the Bahamas Business Outlook Seminar held in Nassau last week, Central Bank of The Bahamas Governor John Rolle laid out the bank’s proposed path to exchange control liberalization. Read/Download the governor’s address here:  The Path to Exchange Control Liberalisation......

...in both the average occupancy rate, by 4.5 percentage points to 64.8%, and the ADR, by 2.4% to $234.76. View the full report here. Downloads  Download MEFD October 2017......

...The Financial Secretary in the Ministry of Finance released December 29 Guidance Notes on the Common Reporting Standard for Automatic Exchange of Financial Account Information in Tax Matters. Read or download the notes here. Downloads   Guidance Notes on the Common Reporting Standard......

...foreign currency borrowing activities, which led to expansions in both liquidity and external reserves. View the full report here. Downloads  Download MEFD October 2017......

...Deputy Prime Minister and Minister of Finance Peter Turnquest address the Securities Commission industry briefing on the Investment Funds Bill, 2017, at the Melia Baha Mar resort 7 December. Download the address here.......

...he Investment Funds (Amendment) Regulations, 2013. The consultation period commences on Friday 22 September 2017 and ends on Friday 27 October 2017, during which time the Commission invites the public to share comments with regard to the draft Rules. Read/download the full notice here.......

...Here follows the full statement from the Minister of Financial Services, Trade & Industry and Immigration Brent Symonette from Budget 2017/2018 contribution in Parliament yesterday: Mr. Speaker, It is my privilege to rise in this Honourable House to provide my contribution to this 2017/2018 Budget Debate as the representative for the great people of the Constituency of St. Anne’s. View or download a PDF of the full contribution here.......