The Bahamas Investor

...which meet criteria to be deemed securities, will require direct approval by the Commission.” The proposed regulations provide a framework not only for token issuances but also for the registration and regulation of crypto exchanges and defines certain types of “crypto” businesses (such as custodians and wallet services), thereby paving the way for their regulation. The legislation’s requirements for crypto exchanges are applicable to not only fi......

.... Gains in stopover visitor arrivals during the Easter holiday, supported the expansion in tourism, while activity in the construction sector reflected ongoing small to medium-scale foreign investment-related projects. Read/download the full report here: Monthly Economic and Financial Developments – April 2019 (786kB)......

...dium-term framework that will underpin the development of the 2019/20 Budget. He noted that this will be the first time in 12 years that The Bahamas will have seen projected growth of over 2.0 per cent for consecutive years. He said that the stronger US economy and the completion of a number of foreign direct investment projects last year, including the opening of the final phase of Baha Mar resort and the official opening of the entertainment com......

...in 2018. In addition, monetary sector developments were dominated by the build-up in banking sector liquidity and external reserves, due to the seasonal tourism-related increase in net foreign currency inflows. Read/download the full Monthly Economic and Financial Developments February 2019 report here: MEFD February 2019 (5MB)......

...ary on any level that would affect credit other financial developments that affect the safety and soundness of the local banking system, and/or the health of the external reserves that back up the value of the currency. Read/download the full report, a statement by Central Bank Governor John Rolle and the latest survey on private sector lending conditions here: MEFD March 2019 (4MB) Statement by Governor Rolle (450kB) Private Sector Survey (1MB)......

...onomic and financial environment, both internationally and in The Bahamas during 2018, and presents a comprehensive analysis of the bank’s Statement of Accounts for the year ending December 31, 2018. Read/download the report here: 2018 Annual Report (5.4MB)......

...The National Accounts Section of the Department of Statistics has released the Annual Gross Domestic Product report for 2018 as compiled by the Production and Expenditure Approaches at the Department, May 13, 2019. Read/download the full report and a statement by the Ministry of Finance here: PRESS RELEASE......

...Deputy Prime Minister and Minister of Finance Peter Turnquest presented the 2019/2020 Budget Communication in the House of Assembly yesterday. His address presented in the House of Assembly May 29, 2019 centred upon ‘a new era of openness and accountability.’ Read/download the full communication here: The Budget Communication 2019-2020......

...Deputy Prime Minister and Minister of Finance Peter Turnquest held a press conference in the Victoria Ballroom at The British Colonial Hilton following his Budget Communication to Parliament earlier in the week. Read/download the remarks here: The Budget Communication 2019-2020 Press Conference......

...QSD May 2019 is now available. For complete viewing of monetary, financial, fiscal and economic statistics through March 2019, please click on the document below. Read/download the digest here: Quarterly Statistical Digest for Q1 2019......

...stopover visitors to The Bahamas grew by 16.7 per cent in 2018 over 2017. By comparison, global tourism visits increased by 6 per cent. Delivering his contribution to the 2019/2020 Budget Debate in the House of Assembly June 5, Minister D’Aguilar said the growth in visitor arrivals (within the past two years) has been nothing short of exceptional. Read/download the full Budget Submission here: MINISTER OF TOURISM & AVIATION BUDGET SUBMISSION – 6......

...ed at 2,160.46. This represents a year to date increase of 50.51 or 2.42%. By comparison for the six-month period ending June 29, 2018 the BISX All-Share Index closed at 1,971.53. This represented a year to date decrease of 92.04 or -4.46%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities. Read/download the complete Quarterly Statistical Report here: BISX Quarterl......

...Deputy Prime Minister and Minister of Finance Peter Turnquest made the opening statement of the 2019/20 Budget Debate in Parliament last week. Read/download his statement here: COMMUNICATION BY THE HON. K. PETER TURNQUEST DEPUTY PRIME MINISTER AND MINISTER OF FINANCE (283kB)......

...and security, ease of doing business, the Over-the-Hill community, land reform, energy reform, Infrastructure, and the modernisation and digitisation of the public service. Prime Minister Minnis noted in the Annual Report that he was “pleased that the Delivery Unit’s stakeholders have already seen tangible results in most of the identified Key Priority Areas.” “This demonstrates that the support provided by the Delivery Unit has the potential to......

...ined its modest pace of expansion during May, as increased visitor traffic for the Easter holiday period, sustained the growth in tourism, while ongoing medium and small-scale foreign investment projects supported activity in the construction sector. Inflation rose modestly during the twelve months to March, reflecting the pass-through effects of the increase in the value added tax (VAT) rate in prior periods. In monetary developments, bank liquid......