 Bahamas Financial News
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Cardinal's Exit Prompts 'Inspection For Cause'
The company will close its doors on December 31st 2004 putting approximately 50 employees out of work.
Chairman of the ten-year old firm Stephen Hancock, in explaining the reasons for its closure said that the "Board of...
November 19, 2004 – 09:09 |
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Global Banking Changes Will Affect Bahamas Offshore Sector
Dr. Gilbert Morris observed, the 'banks here do make a contribution and do like being in The Bahamas, but we cannot expect them to go to the mat for us.'
Over the next decade, a convergence of trends and events will...
November 19, 2004 – 09:08 |
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Shame and Scandal: The Mutual Funds industry
The recent loss in excess of $3 billion and several hundred jobs will and has negatively impacted the economy.
Mutual Funds represent one of the more popular and fastest growing forms of investing today. As of year-end...
November 16, 2004 – 16:54 |
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Bahamas-Based Firm Posts Record Third-Quarter Profits
Frontline and Teekay Shipping Corp., based in the Bahamas, are set to report a second year of record profits as a global economic expansion led by China boosts oil consumption.
Frontline Ltd., the world's biggest...
November 15, 2004 – 09:34 |
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Atlantis Bahamas Phase III In Doubt
Resort has until December 31, 2004 to determine in its discretion whether to proceed with the remaining elements of the Phase III expansion that it has not commenced.
The country´s leading resort developer and largest...
November 12, 2004 – 11:06 |
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Privacy Protected in the Bahamas
Bahamas Ambassador Clarifies Financial Regulations
The news story "Bahamas Firm Screens Personal Data" [front page, Oct. 16] gave a misleading impression about the regulation of data processors and users in the Bahamas....
November 12, 2004 – 10:09 |
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Bahamas Firm Embroiled In $1 Billion Fund Investigation
More than 1,000 private investors - mainly from Europe - are understood to have had pension money and life savings in Behring's funds, mainly thorugh their banks and financial advisors.
A Bahamas-based fund services firm...
November 12, 2004 – 09:08 |
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FRB Statistical Release - G.5 Foreign Exchange Rates
The table below shows the average rates of exchange in October 2004 together with comparable figures for other months.
Averages are based on daily noon buying rates for cable transfers in New York City certified for...
November 07, 2004 – 13:06 |
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Bahamian Opposition For Freeing From Property Tax
The Bahamas are interested in second-home owners who do not intend to be competitors to the existing Bahamian entrepreneurs in the real estate sector.
Tommy Turnquest, the Bahamian opposition party leader, mentioned...
November 04, 2004 – 09:00 |
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VAT Impact Study 'Crucial To Bahamas'
The Bahamas, which is in the process of undertaking a major reform of its tax system and is considering a VAT, is very interested in the Barbados experience.
One of the four economists who advised Government on the impact...
October 18, 2004 – 08:36 |
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BFSB Announces Finalists for 2004 Financial Services Student Award
Recognition programme was introduced in 2002 in an effort to profile outstanding College of The Bahamas graduates.
The Bahamas Financial Services Board has released the names of five (5) finalists for this year's...
September 27, 2004 – 09:08 |
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Bahamas Tourism And Financial Services Unaffected By Frances, Says S&P
Standard & Poor says Hurricane Frances will have no adverse impact on either the financial services or tourism sectors – the twin pillars of the Bahamian economy.
Affirming the Bahamas´ credit ratings, international...
September 16, 2004 – 09:07 |
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Benchmark (Bahamas) Sets The Record Straight
'At no time were we attempting to mislead or withhold information which could impact the trading activity of our shares,' Mr. Brown stated.
Benchmark (Bahamas) Limited´s (BBL) president Julian R. Brown issued a press...
September 01, 2004 – 14:49 |
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Uproar Sparked By Benchmark Results
The revelation has provoked strong criticism from investors and market observers, who have told The Tribune they are especially concerned over the lack of timely disclosure.
The Bahamas International Securities...
August 30, 2004 – 11:07 |
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Minister Points To Dangers Of Too Much Credit Expansion
Minister Smith said any over-expansion of consumer credit could have an adverse impact on foreign reserves.
The recent decision by the Central Bank of The Bahamas to lift restrictions on lending was welcomed news,...
August 30, 2004 – 08:40 |
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Eleuthera – Prosperity On The Way?
'The trick is to make sure you don't die waiting for prosperity to come' – Lee Iacoca (Business Leader)
The name "Eleuthera" means Freedom and is said to originate from, William Sayle. As can be expected of any...
August 27, 2004 – 10:04 |
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OECD Cartel Has Largest Tax Haven
Professor Gilbert Morris has said that the level playing field is an untenable position for The Bahamas and other offshore financial centres.
Since assuming the role of master of the taxation universe the Organisation for...
August 25, 2004 – 08:50 |
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Bahamas Slammed On CSME
The Bahamas is the only country in CARICOM that has yet to decide whether it will join.
The Bahamas is bearing the critical label of defrauding its Caribbean neighbours in order to protect its own interests when it comes...
August 23, 2004 – 08:24 |
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Money Laundering: How It Works
According to FinCen, the purpose of money laundering is to transform the monetary proceeds derived from criminal activity into funds with an apparently legal source.
Practically every day there is a story that someone has...
August 20, 2004 – 09:58 |
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Chinese Officials Reportedly Hid Money In Bahamas
The report says that Chinese companies and individuals have registered tens of thousands of firms in such offshore financial centres as the Bahamas.
A newly released report in China has raised concerns over the use of The...
August 19, 2004 – 09:08 |
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