New Govt told: ‘Jump immediately’ on BPL
A former Cabinet Minister yesterday warned the new administration that it will have to “jump immediately”on Bahamas Power & Light (BPL), given the increased summer energy demand and commitments to Baha Mar’s new owner.
MAB chief: Don’t repeat NHI ‘ram down our throats’
The Medical Association of the Bahamas (MAB) president yesterday urged the new government to be “more honest and open” over healthcare reform than its predecessor, which he accused of “ramming NHI down our throats”.
FamGuard sees 103% increase in Q1 profits
Family Guardian’s parent yesterday reported a 103 per cent year-over-year increase in 2017 first quarter net income, after an 11.5 per cent drop in total benefit payouts offset a $1.7 million revenue contraction.
Govt asked: Do all GBPA licensees get 20-year tax breaks?
The Government was yesterday urged to clarify whether it will grant Freeport businesses an automatic 20-year extension of their expired tax breaks, amid general acclaim for its pledge to “roll back” the Christie administration’s impositions.
‘Critical’ to implement anti-corruption reform
It is “critical” that the nw government follow through on its transparency and anti-corruption reform pledges, Transparency International’s Bahamas representative said yesterday, arguing that achieving these objectives will eventually cut the fiscal deficit.
Chamber chief backs lending relaxation end
The Chamber of Commerce’s chief executive yesterday backed the Central Bank’s decision to end the seven-month relaxation of lending guidelines post-Hurricane Matthew.
Deputy PM pledges ‘job killer’ roll back
The Deputy Prime Minister has promised to “roll back” the requirement for Freeport businesses to apply for real property tax exemptions and other incentives, describing this as “a job killer”.
‘No balanced Budget’ warning for 2017-2018
The Deputy Prime Minister yesterday warned that the former administration may have “hamstrung” the Government’s goal of delivering a balanced Budget, and meeting its VAT and inner-city tax breaks pledges, in the short-term.
Bahamas ‘risks future’ via 30% ‘C+’ graduates
The Bahamas was yesterday said to be “limiting our economic capacity” and placing the nation’s future at risk through poor educational achievement, with just 30 per cent of high school graduates equipped to be productive citizens.
‘Faith in future’ up just 48 hours after FNM win
Top realtors believe the Free National Movement’s (FNM) election victory has delivered an instant boost to business and consumer confidence, and expressed hope the new administration will produce a more efficient and transparent approvals process.
DPM: ‘We’re breath of fresh air’ for investors
The Deputy Prime Minister believes the new government’s election will produce real economic results within six months, with investors viewing its arrival as “a breath of fresh air”.
INSIGHTS: Mayaguana’s ‘blank slate’ for investment
Mayaguana remains one of the most pristine and untouched islands in the Bahamas. Yet the island – home to beautiful beaches, unique wildlife and world-class fishing – has never fully reached its development potential.
Doubts over Bahamian vendor Fyre Festival pay
Local government officials on Exuma are uncertain whether Bahamian vendors to the now-infamous Fyre Festival have been paid what is due to them, after event organisers warned their own staff they will not be paid.
Sir Franklyn: ‘It’s time to move on’
A prominent businessman says there is no point in dwelling on the Progressive Liberal Party’s (PLP) crushing defeat at the polls last week, as the “verdict is clear” and “it’s time to move on”.
Christie Govt’s energy search ‘non-transparent’
A multi-billion dollar conglomerate yesterday criticised the Christie administration’s “non-transparent” search for energy solutions, warning that the biggest potential losers were Bahamian consumers.
