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LETTER TO THE BUSINESS EDITOR - KPMG: We ‘stand firmly’ behind NHI impact study

We write further to a number of articles published last week in The Tribune related to our economic impact assessment of universal healthcare in the Bahamas.

Airports ‘20% compliant’ with worldwide standards

Bahamian airports are just 20 per cent compliant with international regulatory standards, making it of “paramount importance” that Family Island facilities are upgraded immediately to prevent the suspension of all-important airlift.

Union chiefs slam Govt proposal for strike poll obstacle

Trade union leaders yesterday slammed the Government’s proposal to create a legal impediment to strike polls as “taking the labour movement back to pre-1942”.

Aviation industry ‘a rudderless big boat’

The Bahamian aviation industry was yesterday branded “a rudderless big boat”, an airline executive warning that the sector and Family Island tourism cannot survive another three years without policy stability and reform.

MAB chief blasts ‘voodoo economics’ of NHI projections

The Medical Association of the Bahamas (MAB) president yesterday branded as “voodoo economics” projections that National Health Insurance (NHI) will make the economy ‘$500 million bigger in 2040’, even though other studies have produced similar findings.

Bahamas’ return on FDI under 5%

Foreign direct investment (FDI) is “not the panacea that governments think”, a well-known businessman is arguing, suggesting that the returns are “less than 5 per cent”.

NHI worries still troubling business

The Bahamian private sector yesterday continued to express concern over the Government’s ability to properly manage the proposed National Health Insurance(NHI) scheme, calling for greater transparency and accountability over the use of public resources.

Chamber intervenes on fly fishing regulations

The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday waded into the debate over the new fly fishing regulations, its chief executive telling Tribune Business it is seeking to facilitate further discussions on the regime.

IAN FERGUSON: Work practices must treat us all as equals

Greater attention has been placed on creating harmony in the workplace and the wider community, as companies are seeing the wisdom in treating people who are different with respect and acceptance. Creating a bias-free workplace requires a deliberate effort from senior executives and employees in both policy and actions.

BOB shareholders plot redress battle

Minority investors in Bank of the Bahamas (BOB) are moving to seek financial redress for the spectacular destruction of shareholder value caused by $120 million in losses incurred over the past three years.

Bahamas ‘ranked too highly’ by corruption index

Transparency International’s Bahamas representative yesterday admitted that this nation was ranked too highly in its Corruption Perceptions Index (CPI), describing the issue as “the foundation for all” the country’s current problems.

VAT speech shows Govt still ‘kicking can down the road’

Attempts to justify the Government’s use of the $1 billion-plus Value-Added Tax (VAT) revenues are misplaced, a governance reform campaigner said yesterday, accusing it of “irresponsibly kicking the can down the road”.

DNA pledges $90m boost via Business Licence overhaul

The Democratic National Alliance (DNA) yesterday pledged to return $90 million to Bahamian businesses and the wider economy by reducing Business Licence fees to a nominal sum.

Insurers: Report ‘overstates’ NHI economic impact

The Bahamian insurance industry yesterday accused the Government’s key advisers of “overstating” the economic benefits from National Health Insurance (NHI) by failing to account for this nation’s strained fiscal position.

ART OF GRAPHIX: True qualities to be an artist

You either have it or you don’t. Is this true? Do you have to be born with natural ability or, with the right help, can we all be artists?