Spotlight News

China-Bahamas Air Travel

Bahamas Minister of Transport and Aviation the Hon. Glenys Hanna-Martin and Li Jiaxiang, Chief of the Civil Aviation Administration of China yesterday signed a Memorandum of Understanding to allow for increased air traffic between China and The Bahamas.

Reportedly, the MoU is for an air service…

Development of the BEPS Multilateral Instrument

The OECD announced today that the work on the development of the Multilateral Instrument to implement the tax treaty-related Base Erosion and Profit Shifting (BEPS) Action Plan began on 27 May 2015 in Paris.

As per the OECD/G20 mandate, the ad hoc Group that will complete the work under Action…

Industry Practitioners Selected for 2015 ACI Designation Scholarships

The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) announced today that the Selection Committee has decided on the recipients for the two scholarships they provide for the Associates in Captive Insurance (ACI) designation, offered by the [International…

Commonwealth Bank Limited Lists Preference Shares

The Bahamas International Securities Exchange (BISX) announced today that Commonwealth Bank Limited (“CBL”) has successfully completed the listing process for its Class E,J,K,L,M and N Preference Shares (The Preference…

Accounting Profession Strengthened by New Legislation

The Hon. C.V. Hope Strachan, Minister of Financial Services, contributed to today's Parliamentary Debate on the new Bahamas Institute of Chartered Accountants Bill, 2015. She said the legislation signals to the world - and especially international regulators - that the Bahamas Institute of…

BISX – New Sponsor Member

The Bahamas International Securities Exchange (BISX) has announced that Colonial Pension Services (Bahamas) Ltd. has been approved as a BISX Sponsor Member. BISX Sponsor Members are responsible for bringing mutual fund listings to the Exchange and acting as the first point of contact for mutual…