The Bahamas Investor

...The Central Bank of The Bahamas has published its list of Supervised Financial Institutions. Compiled by the Bank Supervision Department which publishes on a quarterly basis, the SFI list includes banks, trust companies, co-operative credit unions and electronic money service providers active in The Bahamas. Read/download the full list here: Supervised Financial Institutions 2020 (188kB)......

...Prime Minister Dr Hubert Minnis presented his Mid-Year Budget Communication in the House of Assembly yesterday. The Prime Minister shared details of the country’s ongoing recovery from Hurricane Dorian and the fiscal and economic policies his government has introduced to mitigate the long-term impact of the storm. Read/download his full address here: Mid-Year Budget Communication 2020 (192kB)......

...The Central Bank of The Bahamas has released the complete monetary, financial, fiscal and economic statistics through December 2019. The Statistical Digest is a quarterly publication of the Central Bank of The Bahamas, prepared by the Research Department for issue in February, May, August and November. For more information visit centralbankbahamas.com. Read/download the full document here: Quarterly Statistical Digest February 2020 (5MB)......

...sm sector output. Further, activity in the construction sector was fuelled by foreign investment-led projects, and to a lesser extent post-hurricane rebuilding works. On the fiscal front, the government’s hurricane-related expenditure hike, overshadowed the increase in revenue collections, and contributed to a widening in the deficit during the first half of FY2019/2020. In monetary developments, bank liquidity grew, reflecting an expansion in the......

...Prime Minister Dr Hubert Minnis announced precautionary measures yesterday to protect the Bahamian people from the further spread of the COVID-19 virus . Read/download his statement and a summary of the emergency measures here: EMERGENCY POWERS (COVID 19) PRESS CONFERENCE STATEMENT......

...ity being held in Port-au-Prince, Haiti, from 26-27 February 2018. The two government leaders released a joint communication following the meeting. Read/download the statement here:  JOINT COMMUNIQUE – Palace of the Republic of Haiti......

...In light of the ongoing Covid-19 outbreak, the Bahamas Development Bank (BDB ) has urged The Bahamas to invest in agriculture, food production and alternative technologies to help diversify the economy. Read/download the full statement here: OP-ED: Bahamas Development Bank......

...In a statement released March 21 following the announcement of the death of Atlantis Paradise Island developer Sir Sol Kerzner, Prime Minister Dr Hubert Minnis called the South African hotel mogul a maverick businessman and pioneer. Read/download the Prime Minster’s full statement here: Statement from Prime Minister Minnis on the passing of Sol Kerzner (107kB)......

...shes to advise that the deadline for economic substance filing is extended by three months for all entities reporting for fiscal year 2019. As a consequence, all entities with a fiscal year end after June 30, 2019 that are required to submit economic substance filings pursuant to the Commercial Entities (Substance Requirements) Act, 2018 (CESRA) will have to file within 12 months of the date of their 2019 fiscal year end. Penalties for failure to......

...Pictured: Minister of Health Dr Duane Sands addresses members of the media at the ministry March 26, 2020. (BIS Photo/Kristaan Ingraham) Minister of Health Dr Duane Sands held a short briefing to update the media on the Covid-19 outbreak. Read/download his full comments here: Ministry of Health Press Statement (237 kB)......

...Deputy Prime Minister and Minister of Finance Peter Turnquest updated the House of Assembly this morning on the government’s stimulus measures in response to the Covid-19 outbreak. Read/download his full address here: UPDATE ON THE GOVERNMENT’S STIMULUS MEASURES IN RESPONSE TO COVID-19......

...During a press conference yesterday, Prime Minister Dr Hubert Minnis announced that there are three new cases of Covid-19 in The Bahamas and that he plans to extend a state of emergency for eight days. Read/download his full statement here: Update on COVID-19......

...ted, but slightly positive performance during February, according to the latest Monthly Economic and Financial Development report released by The Central Bank of The Bahamas. Sustained growth in the sea segment contrasted with a reaction in the high value-added air component which contracted, as some capacity remained offline in hurricane-damaged areas. However, the regulator warns that travel restrictions related to Covid-19 began to take an acce......

...Prime Minister Dr Hubert Minnis gave a national address April 13, 2020 at the Office of the Prime Minister. Click here for an infographic on the current state of the Covid-19 outbreak in The Bahamas released by The Bahamas Ministry of Health (Currently updated April 13). Read/download his full remarks here: COVID-19 RESPONSE UPDATE (173kB)......

...The IRS has upgraded the FATCA Online Registration System, enabling sponsoring entities to provide additional required details. Added features include being able to add sponsored entities and if applicable, sponsored subsidiary branches. View or download a PDF of the complete report here here.......