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9th Eleuthera Business Outlook Webinar Offered Free on August 12th

9th Eleuthera Business Outlook Webinar Offered Free on August 12th
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2021 January

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Hubert Minnis , Prime Minister , Bahamas Business Outlook , ப்ரைம் அமைச்சர் , பஹாமாஸ் வணிக ஔட்‌லுக் ,

Selling dreams - The Nassau Guardian

Selling dreams
Dr. Hubert Minnis.
Always one to read the temperature of public discourse and react accordingly, Prime Minister Dr. Hubert Minnis has promised to accelerate the implementation of a sovereign wealth fund, an independent, non-partisan, transparent and accountable entity “to manage some of our most valuable land and our precious natural assets for the benefit of the Bahamian people”.
If the prime minister still widely held the trust of Bahamians, if in fact he ever had, his pledge might have offered some reason for optimism and satisfaction among many who have been quite vocal in recent months about the need for the protection of the country’s natural resources and the exploitation of these treasures for and on behalf of the Bahamian people. ....

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Venture Fund sees over 84 percent drop in loan repayment

(FILE PHOTO)
NASSAU, BAHAMAS The Bahamas Entrepreneurial Venture Fund saw its loan repayment fall over 84 percent as a result of the COVID-19 pandemic.
Michael Cunningham, chairman of the Venture Fund, told Bahamas Business Outlook attendees: “In reviewing the Venture Fund’s portfolio, the following was observed: loan repayment fell from between 84 to 97 percent of the monthly required payment.
“That is, for every dollar that we were required to receive pre-pandemic, we received less than $0.84 cents. Twenty-three percent of the portfolio requested payments to be deferred and 15 percent continued to make monthly payments.”
Cunningham further noted: “Sixty-two percent of our portfolio that were under the debt program had decided just not to make any payment and have had no communication with the fund.” ....

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BPC applauds PM's plan for sovereign wealth fund - The Nassau Guardian

BPC applauds PM’s plan for sovereign wealth fund
Simon Potter.
The Bahamas Petroleum Company (BPC), which began drilling an exploratory oil well in Bahamian waters last month, on Saturday praised a recent announcement by Prime Minister Dr. Hubert Minnis that his government will fast track the implementation of a sovereign wealth fund.
BPC said it was “delighted” to note Minnis’ statement of his government’s intention to implement a sovereign wealth fund “in line with similar funds maintained by countries, so to enable accumulation of wealth for the national benefit from natural resources”.
BPC CEO Simon Potter said: “The many natural resources in The Bahamas, including its potential oil resource, have the capacity to add an entirely new income stream to the government of The Bahamas, thereby diversifying the economy and significantly broadening the government’s revenue base. ....

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