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$64K NIB SALARY AS MUCH AS AUDITOR’S: IDB says ‘bloated’ cost structure highlighted by average income
National Insurance Board (NIB) employees enjoy an average $64,000 income that nearly matches the earnings of the Government’s top financial watchdog due to a bloated cost structure, a study has revealed.
Island FM radio station goes silent
ISLAND FM 102.9 has announced that it will be closing its doors and taking a “hiatus” after more than two decades in service. The radio station delivered the news in a statement released to the media. The move takes effect today, February 1.
Corporate income tax paper before Q1 end
The Government is hoping to release a public consultation paper on possible corporate income tax reforms before the 2023 first quarter’s end, it was revealed yesterday.
Abaco Club opponents in partial Privy Council win
Activists yesterday won a partial Privy Council victory in their battle to prevent public interest legal challenges from being priced out of the Bahamian justice system.
Pintard slams ‘nonsensical’ fiscal strategy report delay
THE Opposition’s leader yesterday blasted the “nonsensical explanation” given by the Prime Minister for why the Government was two-and-a-half months late in releasing its key fiscal strategy document.
National debt forecast to peak at $11.462bn
THE Government yesterday forecast that the national debt will peak at $11.462bn in the next fiscal year with its ratio as a percentage of economic output declining steadily to 67.1 percent by 2026-2027.
Helping hand to fight crime
PRIME Minister Philip “Brave” Davis said new vehicles donated to the Royal Bahamas Police Force by the United States, as well as additional vehicles ordered by the government, will boost law enforcement’s saturation patrols and help combat crime.
Gov’t revenues beat early goal by $50.6m
The Government’s top finance official yesterday said “close to $50m” in real property tax arrears has been collected during the 2022-2023 fiscal year’s first seven months as it seeks to crack down on tax and bill duckers.
Insurers dismiss VAT Act ‘misinterpretation’
BAHAMIAN health insurers yesterday said “no one wants to pay an additional 36 percent on their medical insurance” from April 1, 2023, when consumers will have to bear the full VAT burden on claims payments.
Families left homeless after shanty town blaze
FAMILIES were left homeless Sunday after a massive fire ripped through homes and vehicles in a shantytown in the Carmichael area.
Bain denies recent protests responsible for threats on PM
COALITION of Independents Leader Lincoln Bain says he finds it “ridiculous” that people would seek to blame last week’s protest as the catalyst for threats being made to the nation’s leader, insisting the party would never incite people to do such a thing.
Up to 15% of property tax bills missing target
The Ministry of Finance’s top official says business tenants must accurately identify their landlord to prevent 10-15 percent of real property tax bills from being returned annually to the Government without payment.
Fiscal Strategy provokes ‘credibility’ and ‘love’ mix
The Government’s latest fiscal forecasts yesterday provoked contrasting reaction, with a governance reformer saying he “truly loves” the growth focus but the Opposition’s finance spokesman pointing to “credibility problems”.
‘Area footage’ to be shared with police shooting victim’s family
NATIONAL Security Minister Wayne Munroe said yesterday that he intended to share area footage of a man being fatally shot by police to the deceased’s family.
Opposition ‘stunned’ at tripling of property tax
The Opposition yesterday said it was “stunned” by the Government’s forecast that property tax revenues will more than triple to $555m within four years, its leader saying: “I don’t see what the Prime Minister does.”
University of the Bahamas Mingoes Women’s Volleyball Team knocked out of the postseason
THE University of The Bahamas Mingoes women’s volleyball team was knocked out of the New Providence Volleyball Association postseason after dropping to the Lady Technicians in a play-in game Tuesday night at The Anatol Rodgers Gym.
GBPA licensees ‘reluctant’ to see Gov’t take over Port
GRAND Bahama Port Authority (GBPA) licensees are “reluctant” to see the Government take over responsibility for Freeport’s governance, the island’s Chamber of Commerce president says.
ROAD TO 50: What next for nation’s environment?
WITh the country’s 50th independence approaching, Tribune Business sat down with people in the environmental field to discuss their vision for our environment going into the next 50 years.
Marijuana laws nearly complete - but no date for Parliament yet
ATTORNEY General Ryan Pinder said legislation for marijuana legalisation is nearly completed however, he was unable to provide a timeline as to when it will be presented to Parliament.
New Airport among infrastructural improvements planned for Cat Island
CONSTRUCTION for a new airport on Cat Island should begin no later than May, Prime Minister Phillip “Brave” Davis revealed yesterday. “The way it’s looking, we should be able to have shovels in the ground no later than May of this year,” he said.
