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$4bn oil refinery project a 'game changer' for GB

THE $4 billion oil refinery project will be a “game changer” for Grand Bahama, Deputy Prime Minister Peter Turnquest said yesterday. According to the East Grand Bahama MP, the multibillion dollar project will create 1,200 construction jobs and 600 pe

Foulkes: Deputy PM right on jobs

DEPUTY Prime Minister Peter Turnquest was correct in his suggestion that the country’s next unemployment survey will show an increase in joblessness, according to Labour Minister Dion Foulkes.

2020 Census campaign begins - with $5m price

THE Department of Statistics yesterday officially launched its multi-tiered 2020 Census publicity campaign. The census data collection is set to start May 4, 2020. Proposed as the country’s first electronic census and potentially the most expensive

No decision yet on funding method for NHI scheme

THE government will have to decide whether National Health Insurance will be funded through increasing existing taxes or if the money to fund the scheme will come from a new kind of direct tax, Finance Minister K Peter Turnquest said yesterday.Speaki

Deputy PM: We’re watching for Paradise Papers fallout

MINISTER of Finance K Peter Turnquest yesterday said the government is monitoring the release of another major leak of financial papers for possible industry fallout.

Cigarette Company to employ 25-30 Grand Bahamians

DEPUTY Prime Minister K Peter Turnquest has hailed operations associated with the Wind River Tobacco Company, which will employ 25-30 Grand Bahamians in the coming months, as the start of a potential rebound for the island’s economy.In an interview o

Collected VAT 'ahead of same time last year'

MINISTER of Finance K Peter Turnquest said the Minnis administration is pleased with the level of compliance in value added tax returns since the May general election, saying the figure is ahead of the amount collected this same time last year.

Turnquest says tax bill will ease business

DEPUTY Prime Minister K Peter Turnquest, the minister of finance, said the passing of the Grand Bahama (Port Area) Extension of Tax Exemptions Bill 2017, will repeal and replace the Grand Bahama (Port Area) Investment Incentives Act 2016, which is co

Company kept on to chase down property tax debts

KIKIVARAKIS and Company, a local financial advisory firm, remains contracted with the government to go after real property tax arrears, Deputy Prime Minister K Peter Turnquest confirmed yesterday.

Bank of The Bahamas bailout to be debated by Parliament

DEPUTY Prime Minister and Minister of Finance K Peter Turnquest yesterday pledged the government’s planned $166m “rescue” for Bank of The Bahamas will be fully debated in Parliament.

'We’ll try to help contract workers’

THE public sector has been “burdened” with people with “legitimate expectations,” Deputy Prime Minister and Minister of Finance K Peter Turnquest said yesterday, adding that his administration will “unfortunately” have to address the problem.

Project aims to reform public finance sector

EFFORTS to improve how the government manages its affairs gained a boost yesterday with the launch of the Public Financial Management & Performance Monitoring Reform Project, an ambitious project funded by a $33m loan from the Inter-American Development Bank that aims to transform a sector often resistant to change.

Board appointments to be finishing 'within two weeks'

DAYS after reports suggested the Minnis administration were nearing a finalised list of government board appointments, Deputy Prime Minister K Peter Turnquest said yesterday aspects of the appointments were still being discussed and are now expected

All options considered after RBC pull-out from Bimini

THE Minnis administration is “considering all options” to replace banking services on Bimini when the island’s only bank branch closes its operations next month, Deputy Prime Minister Peter Turnquest has confirmed.Mr Turnquest, also the minister of f

'Christie trying to distract' from poor record of PLP

DEPUTY Prime Minister K Peter Turnquest has dismissed former Prime Minister Perry Christie’s recent defence of the former government, saying the former Centreville MP was attempting to distract the country from his party’s “many unfortunate acts of lack of judgment”.

INSIGHT: A time for courage

IT has been one month since the Minnis administration has taken office, and the Bahamian people are already concerned with the actions of their new Government; or more accurately, their new Attorney General.

U-turn on duty cuts for paint, drinks

AFTER protest from local manufacturers and criticism from the Official Opposition, the Minnis administration has decided to reverse its planned duty reductions on paint and fruit drinks.

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