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News : Bahamas Information Services Updates Last Updated: Nov 16, 2018 - 6:29:24 AM
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News : Bahamas Information Services Updates
DPM: Imbalance of pressure from international regulatory framework, number one external concern - Nov 2, 2018 - 3:59:35 PM

Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said the number one external concern faced by the financial services sector in virtually all of jurisdictions in the Caribbean appears to be the imbalance of pressure and scrutiny from the international regulatory framework.

“Regardless of the progress made, no matter the commitment, the goal posts seem to keep moving,” DPM Turnquest explained at the Caribbean Association of Banks Inc. 45th Annual General Meeting and Conference held on Wednesday, October 31, 2018...
News : Bahamas Information Services Updates
Educational Tours of the Senate - Launched - Nov 2, 2018 - 3:54:19 PM
Minister of Education the Hon. Jeffrey Lloyd, Speaker of the House of Assembly the Hon. Halson Moultrie, President of the Senate the Hon. Katherine Forbes-Smith and other Senate Members joined a number of educators and interested persons for the Educational Tours of the Senate Launch, on November 1, 2018.  Acting Chief Clerk of the House of Assembly David Forbes gave attendees his insight into the history of the Senate, as well as shared little-known anecdotes about the Parliament and British history.  The on-going initiative, which is in conjunction with the Ministry of Education, is an opportunity for schools, educators...
News : Bahamas Information Services Updates
NHIA hosting town hall meetings and stakeholder briefings in Grand Bahama - Nov 1, 2018 - 6:05:40 PM

On October 23, 2018, the National Health Insurance Authority (NHIA) launched a 45-day consultation period with stakeholders and the public to discuss proposed changes to the NHI program, as outlined in the policy paper, National Health Insurance: A Shared Responsibility. As part of the consultation process, the NHIA will be scheduling meetings with stakeholder groups and will be hosting community meetings in New Providence, Grand Bahama and the Family Islands.

On November 5th and 6th, the NHIA will be in Grand Bahama to meet with local residents and stakeholders to answer questions and receive feedback on the proposed plan for NHI Bahamas...
News : Bahamas Information Services Updates
Remarks by DPM Turnquest - Caribbean Association of Banks, Inc. - Nov 1, 2018 - 2:35:12 PM

Guest Speaker Deputy Prime Minister and Minister of Finance The Hon. K. Peter Turnquest The Caribbean Association of Banks Inc. (CAB) 45th Annual General Meeting and Conference Wednesday, 31 October 2018

[PROTOCOL] Good Evening,

I want to begin by welcoming all of our visitors to the Islands of The Bahamas. As regional counterparts, you are not strangers to our general style of island living. But, do I hope you get to experience the uniqueness of Bahamian culture and hospitality while you are here. Do try our local cuisine...
News : Bahamas Information Services Updates
British Legion courtesy call at Government House - Nov 1, 2018 - 2:12:08 PM

Members of the British Legion Bahamas Branch launch the 2018 Poppy Season with the pinning of the official poppy upon Governor General, Her Excellency the Most Hon. Dame Marguerite Pindling during a courtesy call in the Drawing Room of Government House on Tuesday, October 30th, 2018.  Pictured from left; Dorcas Rolle, Captain Girls Brigade; Annamae Ferguson; Comrade Cephas Ferguson; Gegi Smith, Girls Brigade; H.E. Dame Marguerite Pindling; Commander, Royal Bahamas Defence Force, Commodore Tellis Bethel; Adina Munroe, 1st Asst Secretary; Vernon Pinder, World War II Veteran; and Shawn Pinder, RBDF...
News : Bahamas Information Services Updates
PLP New Providence Women's Branch Executives call on Governor General of the Bahamas - Nov 1, 2018 - 1:59:21 PM

Executives of the New Providence Women's Branch of the Progressive Liberal Party called upon Governor General, Her Excellency the Most Hon. Dame Marguerite Pindling in the Drawing Room of Government House on Tuesday, October 30th, 2018. 

(BIS Photo/Letisha Henderson)...
News : Bahamas Information Services Updates
UK's Bangor Business School Reps call on Minister Symonette - Nov 1, 2018 - 1:43:26 PM

Representatives of Bangor Business School, Bangor University, United Kingdom, paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette at the Ministry on Wednesday, October 31, 2018.  Pictured from left: Jane Gibson - Education Chairperson, Chartered Banker MBA Office, Bangor Business School; Lisa Jones - Programme Manager, Chartered Banker MBA Office, Bangor Business School; Ted Gardener - Programme Director - Chartered Banker MBA Office, Bangor Business School; Minister Symonette...
News : Bahamas Information Services Updates
Use Creativity and Technology: ‘Tourist Money Never Done’ - Nov 1, 2018 - 12:16:16 PM

Minister of State in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson encouraged attendees at the ‘Tourist Money Never Done’ workshop to create businesses relating to tourism.

Minister Thompson officially opened the workshop, November 1, at the Grand Lucayan.  It is held in conjunction with the Bahamas Development Bank.

Minister Thompson said the Office of the Prime Minister in Grand Bahama is pleased to partner with Bahamas Development Bank, the Grand Bahama Port Authority and the Small Business Development Centre in producing the workshop.
News : Bahamas Information Services Updates
PM Minnis Addresses RBC's Re-Imaging Reception - Oct 31, 2018 - 10:59:25 PM

Prime Minister, Dr. the Most Hon. Hubert Minnis addressed RBC's re-imaging banking reception at the Grand Hyatt, Baha Mar, October 31, 2018.  He is also pictured seated with officials and banking/finance executives.

(BIS Photos/Yontalay Bowe)... 
News : Bahamas Information Services Updates
BDB's 'Tourism Money Never Done' Begins in GB - Oct 31, 2018 - 8:39:53 PM

In conjunction with the Office of the Prime Minister, Grand Bahama, the Bahamas Development Bank will host a two-and-a-half day conference at Grand Lucayan from November 1 to 3. The conference will be officially opened by Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson, and will be held under the theme, “Tourist Money Never Done.” Shown from left during the press conference are staff members of Bahamas Development Bank Garnell Pelecanos, Managing Director Dave Smith, and Troy Sampson.

(BIS Photo/Lisa Davis)...
News : Bahamas Information Services Updates
Gambling is a Vice that Persons Secretly Indulge - Oct 31, 2018 - 7:22:32 PM

Minister of Health Dr. the Hon. Duane Sands said gambling has been a vice that persons have secretly indulged, and for that reason, unlike most of the public health challenges in The Bahamas, there is a lack of fundamental data that can be quantified and analysed to address the problem.

“I am very conscious that today’s workshop speaks to the need to increase our capacity as healthcare providers, social workers, law enforcement, educators, gaming industry professionals and as members of the general public to identify and address signs of problem gambling and gambling addiction,” Dr. Sands said at the Sandilands Rehabilitation Centre Gambling Addiction Symposium...
News : Bahamas Information Services Updates
Financial Planner tells MOW staff the Importance of saving and preparing for retirement - Oct 31, 2018 - 6:50:57 PM

The Ministry of Public Works continued its series of personal and professional development workshops Tuesday, October 30, 2018 with a session on The Importance of Saving and Financial Planning.

Quinton C. Lightbourne, Certified Financial Planner, encouraged the staff, who represented various departments, to save effectively by determining their personal net worth and cutting expenses.

He expressed concern about the minimal amount of money that residents of The Bahamas have on their personal savings accounts and appealed to the employees to reverse the trend and start saving now...
News : Bahamas Information Services Updates
Michelle Butler Wins Top 2018 National Youth Month Award - Oct 31, 2018 - 3:10:27 PM

Michelle Butler received the 2018 National Youth Month Prime Minister's Cup Award, on October 24, 2018, at the National Youth Recognition Ceremony, held at Melia Resort.

Ms. Butler, pictured receiving her award, centre right, from Minister of Youth, Sports and Culture, the Hon. Lanisha Rolle -- was a part of a fleld of more than 130 youth and stakeholder nominees vying for the top award.  She also won the Youth in the Arts Award earlier that evening...
News : Bahamas Information Services Updates
Public Officers Complete Parliament Session - Oct 31, 2018 - 3:04:38 PM

Under the theme, 'Change in the Public Service can ignite change in our nation,' public officers representing various ministries made history participating in the first ever Public Service Parliament Session held on Tuesday, 30th October, 2018 at the House of Assembly.  The platform, which gave public officers the opportunity to constructively and cordially debate in Parliament, was part of the 18th National Public Service Week of Activities, October 27 to November 4, 2018.  The instructive scenario was televised on the Parliamentary channel...
News : Bahamas Information Services Updates
ASBA XXI Annual Assembly & XIII High-Level Meeting - Oct 30, 2018 - 9:03:42 PM

Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest welcomes the Association of Supervisors of Banks of The Americas XXI Annual Assembly and XIII High-Level Meeting at Grand Hyatt, Baha Mar, October 30, 2018:

Good morning, and welcome to The Bahamas.  We are honoured to host this distinguished gathering of bank supervision executives from the Americas, plus representatives from many colleagues including the Bank for International Settlements, the Basel Committee, and the Financial Stability Institute...
News : Bahamas Information Services Updates
DPM Turnquest response to Chester Cooper - Quarterly Budget Report - Oct 30, 2018 - 7:00:30 PM

Deputy Prime Minister and Minister of Finance K. Peter Turnquest response to Comments attributed to Chester Cooper, MP for Exuma & Ragged Island regarding the Government’s First Quarterly Budget Performance Report:

It is indeed sad but revealing that the Official Opposition Spokesman on Finance chose not to join the chorus of Bahamians from across the political divide who today commended the government for its historic step toward greater transparency and accountability in the management of the people’s money. 

His comments must be an expression of frustration and disappointment with his Party, knowing their painful past experience...
News : Bahamas Information Services Updates
Public Service Week - Parliament Training Session - Oct 30, 2018 - 5:39:17 PM

The Ministry of the Public Service and National Insurance as part of its 18th National Public Service Week Celebrations held a mock Parliament Training Session on Tuesday, October 30, 2018 at the House of Assembly. Their instruction would culminate in a presentation of certificates.  Public Service employees are pictured in training.

(BIS Photos/Patrick Hanna)...

News : Bahamas Information Services Updates
To Youth of Gang-Ridden Areas: "Let Us Dream Again" - Oct 30, 2018 - 4:46:42 PM

The Ministry of Social Services and Urban Development in conjunction with the Urban Renewal Commission held its third annual Youth-at-Risk one-day seminar at Salem Union Baptist Church on Tuesday, October 30, 2018. 

Aimed at providing youth from rural areas affected by gang activity with another option going forward, the workshop was addressed by Olympic athletes such as Pauline Davis-Thompson, Chris (the Fireman) Brown, Ramon Miller, as well as DJ Counsellor, Julis Duclus, Minister LaQuisha Wallace...
News : Bahamas Information Services Updates
MOF launches Budget Performance Reporting - Oct 30, 2018 - 3:44:48 PM

Deputy Prime Minister and Minister of Finance K. Peter Turnquest Ministry of Finance sets new standard of transparency with first quarterly report on budget performanc e. Positive trends emerge as deficit position improves, but Ministry is cautioning that government must remain focused as much work remains to be done

Performance trends are certainly moving in the right direction when we compare budget performance to the same quarter last fiscal year. Naturally, we are happy to see that revenue is up; the deficit is down by more than 50 percent year on year, and growth in overall expenditure was less than 1 per cent...
News : Bahamas Information Services Updates
Celebrating Older Human Rights Champions - Oct 30, 2018 - 3:31:45 PM

The Hon. Frankie Campbell, Minister of Social Services and Urban Development, addressed the Ministry of Social Services and Urban Development's 21st Annual Nation Builders Awards Ceremony under the theme, 'Celebrating Older Human Rights Champions' in the Ballroom, Government House, Mount Fitzwilliam on Monday, October 29, 2018.  Standing Honourees: Alpheus Ramsey, Arthur Peet, Louise McPhee, Minerva Rolle, Andrea Elizabeth Archer, Pearl Rahming, Prince A. Petty, Robert Forbes and Joseph Darville.  Sitting: Gwen McDeigan...

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