May 7, 2019
DEPUTY Prime Minister Peter Turnquest.
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Govt finances face 3-year Dorian blow
Hurricane Dorian will likely throw the government’s finances off-track for the next three years, the deputy prime minister has revealed, although its fiscal “fundamentals” have not altered.K Peter Turnquest told Tribune Business that a “three-year ru
$100m loan to pay for utilities and shelters
THE $100m Inter-American Development Bank loan contingency that was activated following Hurricane Dorian will fund the restoration of public utilities and ensure the construction of temporary shelters on affected islands, Finance Minister Peter Turnquest explained yesterday.
Donated money ‘for only Dorian victims’
DONOR money received by the government from dozens of entities and neighbouring countries will only be used to assist those affected by deadly Hurricane Dorian, insisted Finance Minister Peter Turnquest yesterday.
No plans yet for taxes to pay for rebuilding
THE DEPUTY prime minister yesterday said there are no plans for new or increased taxes to finance Dorian rebuilding "at this point", adding: "That is not part of the discussion."
'BPL takes precedence over union demands'
FINANCE Minister Peter Turnquest suggested yesterday that matters related to Bahamas Power and Light’s generation reliability will take precedence when other issues including those of incensed unions are considered.The deputy prime minister told repo
DPM: Just 50% of registry firms deemed 'active'
Just 50 percent of companies listed on the registry are thought to be “active”, the deputy prime minister said yesterday, as thousands of entities were informed of their removal.KP Turnquest told Tribune Business that the “gazzetting” of their remova
Minimum wage rise ‘not anytime soon’
FINANCE Minister K Peter Turnquest yesterday said the government has not given any detailed consideration to increasing the minimum wage.
Outages have not led to increase in generator sales
FREQUENT power cuts in New Providence have not sparked an uptick in generator sales, according to one supplier of generators. Nor have the power cuts led to an increase in requests to the government to import solar panel systems. While solar systems
McAlpine row 'will not hurt FNM party'
DEPUTY Prime Peter Turnquest said public pushback regarding the representation of Pineridge MP Frederick McAlpine would not hurt the Free National Movement, but show it is a “democratic” party.As he expressed confidence in the FNM’s internal procedur
Looking back doesn't help, says Deputy PM on issue of reparations
“LOOKING backwards doesn’t help you win a race,” Deputy Prime Minister K Peter Turnquest said yesterday when asked his thoughts on calls for reparations for black Bahamians. In an interview with The Tribune, Mr Turnquest said reparations are not at
DPM: Tax 'confusion' resolved by Monday
The deputy prime minister yesterday pledged that any “confusion” and “run around” stemming from the switch to VAT on real estate transactions will be “sorted out by Monday”. KP Turnquest told Tribune Business that the government was moving to ensure
GG’s rental expenses ‘money we must spend’
DEPUTY Prime Minister Peter Turnquest yesterday stressed the importance of “comfort and security” in the wake of reports the government will spend $9,000 a month to rent a home for new Governor General CA Smith.
DPM brands Opposition as 'the junk bond crew'
The deputy prime minister yesterday renewed his attack on the former Christie administration’s fiscal management, branding it the “junk bond crew” for overseeing four consecutive rating downgrades.
Wealthy Bahamians greatest tax cheats
“High-end” Bahamians and companies are the biggest tax dodgers, the deputy prime minister revealed yesterday, adding: “Poor people pay their taxes.”
DPM: Deficit target in reach with $400m cut
The deputy prime minister has signalled that the government remains on track to hit its main 2018-2019 fiscal target by touting a $400m reduction in the annual deficit since it took office.
'Runaway train' SOEs: Govt must take control
THE Bahamas must get its state-owned enterprises (SOEs) “under control”, the Deputy Prime Minister is demanding, saying: “They have been running like a runaway train.”
DPM: ‘Not reached’ business licence reform stage yet
The deputy prime minister says the government has “not reached the point” of finalising business licence reform despite being “very sensitive” to the burden it imposes on the private sector.
Set free illegals? No chance
THE suggestion that this country should “fling” open its doors to undocumented migrants is dangerous and reckless, Deputy Prime Minister K Peter Turnquest said yesterday, insisting limited resources among other things would not allow it.
GDP grows by 1.6% but it's below IMF's 2.3% prediction
THE country’s real gross domestic product grew by 1.6 percent last year compared to 2017, new data from the Department of Statistics reveals.
Web bosses told: Pay what you owe
FINANCE Minister K Peter Turnquest yesterday urged web shop operators to pay their taxes out of an obligation to the government regardless of beliefs or legal arguments they intend to mount.
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