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FORMER director and CEO of the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) Edison Sumner.
Photo: Moise Amisial

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Sumner: Fees and firings likely over NIB hike

FORMER director and CEO of the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) Edison Sumner said when National Insurance Board contribution rates increase, businesses may offset costs by increasing prices, service fees and firing employees.

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