One of China’s major investment conferences targeting Asian investors will be the anchor event of a two-week promotional programme by the Ministry of Financial Services and the Bahamas Financial Services Board (BFSB).
The chief councillor for the Hope Town District Council has told residents the Abaco Islands are facing a “a budgetary crisis of immense proportions”.
Basel III is a comprehensive set of international standards developed by The Basel Committee on Banking Supervision to strengthen global capital and liquidity rules to promote a more resilient banking sector.
Is the Bahamas Mortgage Corporation a liberator, providing affordable ‘low-cost’ housing, or is it an albatross to mortgagees and taxpayers?
The Inter-American Development Bank (IDB) has warned that investment projects have been “vulnerable to political pressures” because the Bahamas lacks a national economic development plan.
The government brought a resolution to the House of Assembly to borrow $465 million to finance the projected revenue shortfall in the 2013/2014 fiscal year.
The Bahamas is looking to borrow more money from abroad to beef up U.S. dollar reserves that have continued to follow a “downward trajectory”.
Former Las Vegas Sands Corp president Bill Weidner has been chosen to operate a new $3.5 billion gaming resort in The Bahamas.
Rattled Bahamian commercial bankers fear that the new Homeowners Protection Bill will further depress economic recovery since the mortgage market in the Bahamas has already “collapsed”.