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,
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...
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...
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,
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...
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...
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...
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.
Thompson officially opened the workshop, November 1, at the Grand
Lucayan. It is held in conjunction with the Bahamas Development Bank.
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
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
(BIS Photos/Yontalay Bowe)...
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.
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
“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...
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.
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...
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...
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...
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...
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
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...
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
(BIS Photos/Patrick Hanna)...
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,
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...
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
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
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...