The near collapse of the economies of Abaco and Grand Bahama caused by Hurricane Dorian will drastically reduce the government’s income for a few years. According to Deputy Prime Minister and Minister of Finance Peter Turnquest, it is estimated that the country’s revenue will be hit with a $200 million shortfall because of the hurricane’s […]
Tag Archive | "Peter Turnquest"
OECD Praises Bahamas
Posted on 25 July 2019.
Deputy Prime Minister and Minister of Finance Peter Turnquest delivered good news in the House of Assembly yesterday, regarding The Bahamas’ position with the Organization for Economic Co-operation and Development (OECD). DPM Turnquest, while seconding amendments for a compendium of bills related to the financial services sector, said The Bahamas has passed the assessment of […]
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DPM: “ECONOMY ON A PATH OF SUSTAINED GROWTH”
Posted on 14 May 2019.
Reacting to the report by the Department of Statistics that the Bahamian economy grew by 1.6 percent in 2018, the Deputy Prime Minister and Minister of Finance K. Peter Turnquest says,“this is the first time the country has had decent economic growth in over five years. When we look at where we are now compared to where we […]
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CRYPTOCURRENCY LEGISLATION COMPLETED
Posted on 04 April 2019.
Finance Minister Peter Turnquest yesterday announced in the House of Assembly that The Securities Commission of The Bahamas completed the cryptocurrency draft legislation for public consultation. This, he said, gives The Bahamas “a clear, competitive advantage with respect to digital asset solutions as financial technologies continue to drive growth in the financial services sector”. He […]
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Finance Minister Explains Loans
Posted on 16 November 2017.
The Minister of Finance, K. Peter Turnquest, went to great lengths yesterday to explain the reason and rationale behind the latest borrowings of the government. The Minister was able to restructure loans and get the interest rate reduced from six and a quarter to six per cent. Addressing members of the House of Assembly, Mr. […]
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Development Bank Given Ultimatum
Posted on 10 October 2017.
The government has given The Bahamas Development Bank (BDB) three years to get its financial housing in order. Within that time frame Minister of Finance Peter Turnquest said the government intends to pull the plug on the $3million dollars it gives in support to the BDB’s bond interests. “We want to make sure […]
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Minor Issues Experienced as Verification Begins
Posted on 10 August 2017.
Following one working day of that controversial verification and restatement process, Deputy Prime Minister and Minister of Finance Peter Turnquest told reporters that there were a few minor issues, but overall he is satisfied with how things played out thus far. The issues of long lines he spoke of were attributed to confusion as it […]
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- MIXED VIEWS ON TRUMP’S NOMINEE
- EDITORIAL
- Ms. Shanta Knowles Named JCN Person of The Year
- New Courts Opened
- Cooper Welcomes Carnivale Opening at Hurricane Hole
- A Call for Bahamian Doctors to Come Home – New Critical Care Block Presents Job Opportunities
- Ex-Con Addresses Officers
- Draft Public Procurement Bill Published Represents ‘Sea-change’ for Fairness and Gov’t Transparency
- FNM Senators Accept Instruments
- FNM Weaknesses Revealed: Laing: Miscalculations Made During Election
- DPM Predicts ‘Sharp Recession’ – Caribbean Edition: […] Link: DPM Predicts ‘Sharp Recession’...
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- Curfew Intensifies to 24-Hours – Caribbean Edition: […] Link: Curfew Intensifies to 24-Hours [&#...
- Police Implement COVID-19 Hotline – Caribbean Edition: […] Link: Police Implement COVID-19 Hotline ...
- DRA Goes into ‘Action 1’ Phase over Virus – Caribbean Edition: […] Link: DRA Goes into ‘Action 1’ Phase...
