Bahamas' disaster costs face 28% cut
The Bahamas will cut its disaster recovery costs by 28 per cent it takes out its $100 million ‘contingent loan’ facility, the Inter-American Development Bank (IDB) is asserting.The IDB, in its proposal for the emergency financing, argued that its fac
Back-to-school fear on duty waiver delay
The government was yesterday urged to boost Back-to-School retailers by moving duty-free exemptions forward one month to a July 1 implementation.Edison Sumner, the Bahamas Chamber of Commerce’s chief executive, told Tribune Business that the date cha
BIA chair: Late revision shows 'untidy' budget process
The Bahamas Insurance Association’s (BIA) chairman yesterday branded the budget process “untidy” following the government’s last-minute reversion to its original VAT “exempt” position.Emmanuel Komolafe told Tribune Business that, following talks with
Govt warned: Don't hike taxes again before 2021
The government was yesterday warned off any further tax hikes before 2021, amid continuing private sector concerns it has allowed too little time to adjust to 12 percent VAT. Edison Sumner, pictured, the Bahamas Chamber of Commerce’s chief executive,
06192018 EDITION
Tuesday, 19th June, 2018.
Regulators exploring regime for blockchain
Bahamian financial regulators are exploring the creation of appropriate regulatory regimes for the emerging blockchain technology and cryptocurrency sectors.Their efforts come as The Bahamas hosts industry leaders, financiers, block signers and miner
'Blacklist' threat highlights builder self-regulation need
The BAHAMIAN Contractors Association’s (BCA) president yesterday accused the government of effectively assuming the role of the industry’s self-regulatory Board in threatening to “blacklist” companies over incomplete work.Leonard Sands hit out after
Contributory civil service pensions 'good first step'
THE government’s decision to make civil service pensions “contributory” for new hires was yesterday branded “a good step”, although it will do little to address its unfunded multi-billion dollar liabilities.Robert Myers, the Organisation for Responsi
Culinary Team readies for Caribbean contest
Dinner guests gathered at Baha Mar to savour offerings by the Bahamas National Culinary Team, who are preparing to compete at the upcoming “Taste of the Caribbean” competition.The Bahamas Hotel and Tourism Association hosted the annual event to build
UPDATED: PM fires Robinson, Miller and McAlpine
PRIME Minister Dr Hubert Minnis has fired Bain and Grants Town MP Travis Robinson and Golden Isles MP Vaughn Miller from their posts as parliamentary secretaries and Pineridge MP Frederick McAlpine from his post as chairman of the Hotel Corporation today for breach of the Manual of Cabinet and Ministry Procedure.
Mould, no generator and no air conditioning at general post office
WORKERS at the East Hill Street General Post Office protested yesterday because of no air-conditioning and the presence of mould in the facility, Bahamas Public Services Union President Kimsley Ferguson said.The demonstration, which involved about 60
Free university tuition plan if students meet criteria
PRIME Minister Dr Hubert Minnis said in September 2019, the government will provide free tuition for students of the University of the Bahamas who meet certain entry requirements. Observers quickly noted the government has long given scholarships to
PLP blasts 'flat' Minnis defence of tax increase
OPPOSITION members yesterday criticised Prime Minister Dr Hubert Minnis’ budget communication, calling the contribution “abysmally flat” and void of any understanding of the very same budgetary initiatives presented by Finance Minister K Peter Turnqu
Minnis: We considered 15% - but it would be too painful
IN his ardent defence of the government’s budget of “hope,” Prime Minister Dr Hubert Minnis said his administration made several considerations concerning the value added tax increase but rested at 12 percent after ruling out 15 percent because it would be “too much pain” for Bahamians to bear.
Texting while driving to be made illegal
PRIME Minister Dr Hubert Minnis yesterday said the government will amend the law to clamp down on texting and driving.
The Rebel Four: No, no, no, no – FNM MPs split from party on VAT vote
FOUR Free National Movement members of Parliament joined the opposition in voting “no” to the bill that would increase value added tax from 7.5 percent to 12 percent last night.
WORLD CUP: Belgium wake up in second half to roll past Panama
SOCHI, Russia (AP) — Unlike the other World Cup favourites who struggled through their opening matches, Belgium looked every part the title contenders.
WORLD CUP: Sweden get benefit of video review to beat South Korea 1-0
NIZHNY NOVGOROD, Russia (AP) — Sweden got the break they needed from the video review system, and team captain Andreas Granqvist didn’t waste the chance.
Contractors who didn't finish govt work may be prosecuted
SOME contractors who were paid up to $100,000 to construct government low cost houses in Abaco but did not finish the jobs could be “prosecuted” and at the very least placed on a “stop list” until the money is repaid, Prime Minister Dr Hubert Minnis
WORLD CUP: Mexico shock champions Germany
MOSCOW (AP) — Defending World Cup champions have been finding it hard to get out of the group stage lately, and Germany are proving no exception.
