Local Business


Social Services shredded records in fraud cover-up

Shredding documents to cover up fraudulent activities was “a matter of routine” at the Department of Social Services, the Auditor General has revealed.

Post Office Bank 'didn't know' the level of client deposits

The Post Office Savings Bank did not know how much money it held in customer deposits when examined by the Auditor General for the 2014-2015 fiscal year.The Government’s financial watchdog, in a report tabled in the House of Assembly on Wednesday, re

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NHI catastrophic plan to cost under $1,000

The Government plans to roll-out National Health Insurance (NHI) catastrophic care plans costing “as little as $1,000 per year” within the next three to four weeks, it was revealed yesterday.Dr Duane Sands, minister of health and national insurance,

'Bolster' bidder disclosure for govt contracts amid woes

Investigators have called for the draft Public Procurement Bill to “be bolstered” on payment approvals and bidder disclosure following exposure of the Ministry of Finance’s contract woes.FTI Consulting, which probed the ministry’s computer supply and

Integrity Commission value 'reinforced' by contract woes

The Ministry of Finance’s questionable contract awards have “reinforced the value” of the Integrity Commission Bill and other planned anti-corruption laws, governance reformers said yesterday.Matthew Aubry, executive director of the Organisation for

DNA: Go beyond 'semantics' in developing OECD counter

The Democratic National Alliance (DNA) yesterday urged the Government to go beyond the “semantics” of whether The Bahamas was “blacklisted” in the targeting of its economic permanent residency regime.Arinthia Komolafe, pictured, the party’s deputy le

$20m mini-hospital 'short on support'

A Cabinet minister yesterday said the $20 million George Town “mini-hospital” is still in need of basic support services, with a shortage of qualified healthcare professionals impacting the entire Bahamas.Speaking at the Exuma Business Outlook confer

Chamber chief calls for more 'autonomy'

THE Exuma Chamber of Commerce’s president yesterday called for greater “autonomy” and local involvement in the sustainable development of Family Island economies, while lamenting the impact of high energy costs.Pedro Rolle, the Exuma Chamber of Comme

Crime fears are attack on tourism

Crime, and the fear of crime, represent an attack on the tourism industry and wider Bahamian economy, a senior Ministry of Tourism official has argued.Joy Jibrilu, the ministry’s secretary-general, told a workshop on tourist safety and security that

'Crisis monitoring' over boat tragedy

The Ministry of Tourism was yesterday said to have activated its “crisis monitoring” as it braces for more international fall-out following the report into the causes of the 4C’s boating tragedy.Ellison “Tommy” Thompson, the Ministry’s deputy directo

Politician landed webshop boss $1.5m deal

Political pressure from a former minister resulted in the award of a $1.46m computer supply contract to a web shop boss who earned a 30 percent profit margin on the deal.The revelation, by former Ministry of Finance financial secretary, Simon Wilson,

'Substandard value' on govt lease deal

Lease payments between 57 percent to 200 percent above market rate have raised questions of “preferential treatment” and “substandard value for money” at the ministry of finance.A report commissioned by the Auditor General’s Office, and tabled in Par

Govt beat VAT target by 46% in first months

The Christie administration beat VAT collection estimates by 46 percent during the tax’s first six months, raising further questions over how it could add $2.2bn to the national debt.The Auditor General’s report on the Government’s 2014-2015 financia

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DPM seeks IMF help for financial services

The Deputy Prime Minister has urged top IMF officials to play a greater role in developing “objective” standards for assessing the Caribbean’s efforts to combat financial crime and tax evasion.K Peter Turnquest, pictured, made his call during an Octo

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'Inconceivable' for Post Office woes to continue further

A Cabinet Minister yesterday said he expects the General Post Office’s relocation to be completed before Christmas, adding that it would be “inconceivable” to allow its woes to continue into the New Year.Speaking outside Parliament after tabling a re