Bahamian Minister of State for Finance, Senator James Smith announced last week that he is awaiting a report on the current state of the juurisdiction’s stock exchange, the BISX.<\/P><\/p>\n
Speaking to the Nassau Guardian on Wednesday, Mr Smith revealed that the ad hoc special committee of experts – put together in December and headed by Central Bank governor, Julian Francis – is due to release its report on the extent of public sector support needed by the exchange to ensure its future viability, at the start of next month.<\/P><\/p>\n
Currently, there are 18 companies listed on the exchange with a capital of around $1.4 billion. However, the Minister of State for Finance told the newspaper that he believes that the timely sale of the Bahamas Telecommunications Company could impact beneficially on the fortunes of the BISX. <\/P><\/p>\n
Batelco was originally supposed to have been sold three years ago, to coincide with and boost the launch of the exchange. <\/P><\/p>\n
By Carla Johnson, Investors Offshore.com<\/B><\/p>\n","protected":false},"excerpt":{"rendered":"
Committee will report on the extent of public sector support needed by the exchange to ensure its future viability<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[],"tags":[],"class_list":["post-241557","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/241557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=241557"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/241557\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=241557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=241557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=241557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}