Sir Franklyn: Trump ‘better for Bahamas’
A Donald Trump presidency will be “better for the Bahamas”, a well-known businessman said yesterday, given that he and the Republican Party will likely be less hostile towards international financial centres (IFCs).
Doctors suffer 6-month hit over tax compliance
Doctors have had to wait up to six months to receive payment for treating public sector patients due to delays in obtaining Tax Compliance Certificates (TCCs), the Medical Association of the Bahamas (MAB) president revealed yesterday.
NHI ‘doomed to fail’ without doctor buy-in
Senior physicians have warned the Government that its National Health Insurance (NHI) initiative is “doomed to fail”, unless it substitutes “domination and dogma” for an approach that permits industry stakeholders to buy in to the scheme.
BORCO suffers $20-$30m hit from Matthew
The Bahamas Oil Refining Company (BORCO) suffered a $20-$30 million hit as a result of Hurricane Matthew, its owner has revealed.
Three years later: No Govt decision over water plant
A BISX-listed company has now been operating one of New Providence’s key water plants for more than three years without a long-term contract from the Government.
Gray: I’ve given Bahamians 400 farming leases
The Minister of Agriculture and Marine Resources yesterday said he has issued almost 400 leases to Bahamians for agricultural development in the last three to four years, in a bid to dispel concerns about Chinese favouritism.
Gray: ‘I don’t know what was in his head’
The Minister of Agriculture yesterday said no discussions have been initiated with potential Chinese investors over a the proposed $2.1 billion agriculture/fisheries project for Andros.
Govt extends bid deadline for NHI public insurer
The Government has extended the deadline for bids to operate National Health Insurance’s (NHI) public insurer for a second time to November 21, in a bid to ensure Bahamian groups are not “disadvantaged” by Hurricane Matthew.
$2.1bn Chinese proposal a BAMSI ‘complement’
The Minister of Agriculture and Marine Resources yesterday said the controversial $2.1 billion Chinese agricultural development proposed for Andros would likely have “complemented” the Bahamas Agricultural and Marine Science Institute(BAMSI).
Wells blasts LOI ‘unfounded claims’
Renward Wells has denied giving “an encouraging reply” to the $600-$650 million waste-to-energy proposal at the centre of the Letter of Intent (LOI) controversy, which caused his dismissal from the Government.
Govt denies Allen was its ‘agent’ in LOI controversy
The Government is denying that an ex-Cabinet Minister and businessman were acting as its “agents or servants” over the $600-$65 million waste-to-energy project at the centre of the Renward Wells Letter of Intent (LOI) controversy.
PM urged: ‘Put your foot down’ on BOB woes
Bank of the Bahamas was yesterday slammed for its latest failure to make timely disclosure to shareholders, having failed to provide the market with the outcome of its $40 million rights issue since it closed two months ago.
Capital access not guaranteed by end to exchange control
Bahamian businesses will not be guaranteed access to capital even if the financing pool is broadened by exchange control liberalisation, private sector representatives have warned.
Govt ‘run amok’ if PM unaware of $2.1bn proposal
The Democratic National Alliance’s (DNA) leader yesterday said Prime Minister Perry Christie was allowing his government “to run amok” if he had no knowledge of the $2.1 billion Chinese farming/fisheries proposal.
East GB cruise port is ‘cart before the horse’
A well-known QC yesterday accused the Christie administration of “putting the cart before the horse” over the $200 million agreement for Carnival Cruise lines to develop a port in east Grand Bahama, arguing that the location was “perverse” given Freeport’s economy is “near death”.
