Attorney urges 30% residency threshold slash for Freeport
A prominent attorney yesterday urged that Freeport’s permanent residency investment threshold be cut to $350,000, warning: “Freeport is no longer dying; it’s dead.”
Ex-BPSU chief says $70m wage bill cut ‘impossible’
THE Bahamas Public Service Union’s (BPSU) former president yesterday argued it was “impossible” for the Government to do the IMF’s bidding and slash the civil service wage bill by $70 million.
Gov’t ‘won’t sink economy’ with Christie’s $1.3bn NHI
THE Minister of Health yesterday pledged the Government will “not sink the economy” by implementing a National Health Insurance (NHI) model that could cost $1.26 billion at full roll-out.
‘Cut civil service wage bill by $70M‘
The IMF has urged the Government to slash the civil service wage bill by almost $70 million, as it slammed the Christie administration’s “lax spending controls” pre-general election.
National lottery ‘front and centre’
THE creation of a Bahamian national lottery is “front and centre” for the Gaming Minister, who yesterday warned web shops: “The status quo needs tweaking.”
Central Bank breached legal Gov’t bond limits
THE Central Bank breached its legal limits by increasing government bond holdings to $200 million in the wake of Hurricane Matthew, the IMF has revealed.
IMF: 65% bank asset fall’s ‘modest’ impact
THE international financial services industry’s “sharp contraction”, with total bank assets shrinking 65 per cent in the five years to 2016, has only “modestly” impacted the Bahamian economy.
Bahamian dollar ‘over valued’ by 10-20%
THE Bahamian dollar is “overvalued between 10-20 per cent”, the IMF has revealed, warning that this is further eroding the economy’s cost competitiveness.
Account limits best game for regulators
Dear Sir,With a Gaming Board of four private individuals, and six Government civil servants, as published on July 26, 2017, on Page 8 of your newspaper, it seems that the Board as well as the Minister need educating on the effects of the gambling law
Web shops: Our KYC beats all
A web shop operator yesterday dismissed that the industry is a threat to the Bahamian financial services sector, arguing: “Our Know Your Customer (KYC) is bar none higher than any”.
Poultry producer: 1,000 jobs boost from ending imports
AN Abaco poultry producer yesterday said that eliminating imports to support local producers could boost government revenues by $33 million annually, and create 1,000 direct jobs.
Hotel Association ‘think tanks’ over GB revival
THE Bahamas Hotel & Tourism Association’s (BHTA) October Board of Directors and members’ meeting became a ‘think tank’ on how to rapidly revive Grand Bahama.
Webshops insist ‘We pay our fair share’
Web shops yesterday slammed the Minister of Tourism’s “reckless” attack on the sector’s taxes and regulation, charging he was “out of touch with the industry he supervises”.
BDB given 3 years to be 'self-sufficient'
The Bahamas Development Bank must become “self-sufficient” by 2020, which is when the Government will cease contributing $3 million annually towards its bond interest payments.K P Turnquest, the deputy prime minister, told the House of Assembly that
Govt needs 'more creativity' with permanent residency
A top realtor yesterday urged the Government to be “a little more creative” with permanent residency by using it to stimulate economic activity on depressed Bahamian islands.George Damianos, Damianos Sotheby’s International Realty’s president, told T
