The Bahamas Investor

...View or download the Monthly Economic and Financial Developments report for May.......

...er cent. The Abaco All Item’s Index stood at 104.8 with the rate of inflation standing at 4.0 per cent. Download the full data in Excel™ format here. View the data in html format here.......

...In his mid-year budget statement, Prime Minister Perry Christie reiterated his government’s commitment to a course of “prudent stewardship” of the nation’s economy and fiscal affairs, one that includes no increases in taxes. Download a PDF of the statement here.......

...investment returns Replacing the fixed income and cash weightings, many firms are increasing their exposure to alternative investments. For more information download a summary PDF here or visit scorpiopartnership.com......

...ss Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes delivered to the G20 in April 2013. Part II is a report by the OECD secretary-general regarding the work on base erosion and profit shifting (BEPS) and tackling offshore tax evasion. The OECD secretary-general report details the BEPS action plan, as well as a proposal to move globally towards automatic exchange of information. Download the report......

...or tourism sector, which offset steady gains in capital formation provided by various foreign investment-led construction activities. However, with the spill-over effects remaining narrowly based, the impact on employment conditions was minimal. Price developments exhibited a slowing in inflation over the twelve-months to July, reflecting the pass-through effects of lower global oil prices. On the fiscal side, mildness in economic activity and the......

...Download or view the government notice here.......

...ed mobile data services in The Bahamas, where it trades as The Bahamas Telecommunications Company (BTC), in December 2011 and has seen rapid usage growth. The upgrade to ‘fourth generation’ (4G) LTE – the world’s fastest mobile data technology – will increase download speeds from up to eight megabits per second (mbps) to up to 100 mbps. This will deliver an improved mobile data experience for BTC customers while enabling them to access new service......

...d advance in license fees contributed to growth in business & professional fees, by $4.7 million (5.2%). In a modest offset, other “miscellaneous” tax collections fell by $89.5 million (20.7%) to $343.0 million, following the prior period’s extraordinary boost of stamp taxes, related to the sale of a local oil company. In contrast, non-tax receipts improved by 36.8% ($37.5 million) to $139.4 million, supported primarily by one-off capital revenues......

...Authority (URCA) has issued a 700 MHz spectrum license to the Bahamas Telecommunications Company Limited (BTC). Issue of a license for the new spectrum bandwidth to Cable Bahamas Limited (CBL) is also expected. This follows a competitive evaluation process initiated this past March 23rd, when URCA issued a Request for Applications (RFA) for the newly opened 700 MHz spectrum band. A total of five applications were received. The 700 MHz band, with......

...business community,” says publisher Etienne Dupuch Jr. “Grand Bahama has a lot to offer in terms of location, infrastructure and logistics, as well as tax benefits and other incentives for businesses.” The event will see a keynote address by Prime Minister Perry Christie and presentations by Minister of State for Investment Khaalis Rolle , GBPA chairman Ian Fair and Joy Jibrilu, director of investments at the BIA. “We look forward to partnering w......

...d Asian markets. He congratulated Leno on this milestone and said he looks forward as the company assists in local and international wealth growth. Pictured: Prime Minister Dr Hubert Minnis addresses the Leno Corporate Centre groundbreaking ceremony, February 10, 2020 at Third Terrace West and Collins Avenue. (BIS Photo/Yontalay Bowe) Pictured: Prime Minister Dr Hubert Minnis addresses the Leno Corporate Centre groundbreaking ceremony, February 10......

...latest monthly economic report from The Central Bank of The Bahamas. Tourism maintained a positive momentum, bolstered by activity in New Providence markets and the Family Islands unaffected by Hurricane Dorian. Read/download the full report and report summary here: Monthly Economic and Financial Developments December 2019 December MEFD Summary......

...Here follows the contribution as delivered by The Honourable Dr. Michael R. Darville Minister for Grand Bahama for the 2016/2017 Fiscal Budget June, 2016: View or download a PDF of the communication here.......

...rks here: ADDRESS BY DEPUTY PRIME MINISTER AND MINISTER OF FINANCE PETER TURNQUEST......