Ex-BEC chief: ‘No knowledge’ put on Board
A former Bahamas Electricity Corporation (BEC) general manager believes he was appointed “without my knowledge” to the same company Board on which the National Health Insurance (NHI) scheme’s architects also sat as directors.
Bahamas will ‘get to grips with’ open up for arbitration
A former Bar Association (BBA) president yesterday said he was optimistic the Bahamas would “come to grips” with permitting foreign attorneys and other specialists to enter this nation in order to develop an international arbitration centre.
Replace ‘green’ talk with action in 2016
I want to challenge my readers – both companies and individuals - to make this resolution: Add more green to your 2016. I want to challenge my readers – both companies and individuals - to make this resolution: Add more green to your 2016.
Bahamas to match world leaders via UN model reforms
The Government’s plans to adopt United Nations (UN) model law into Bahamian legislation will enable this nation to match leading international arbitration jurisdictions for “high quality service’, a legal specialist said yesterday.
Web shop spread curbs ‘critical’
A Cabinet minister said yesterday that curbing the spread of web shops across the Bahamas “is still fundamental” to the Government’s gaming industry reforms.
Minister: Bimini will still have ferry service
The Minister of Tourism said yesterday that Bimini would likely benefit from more overnight visitors with Resorts World’s (RWB) decision to reintroduce non-stop commercial flights to the island from Florida, but promised: “We are not going to allow Bimini to not have a ferry service.”
NHI architects blast $5m default demand
The National Health Insurance (NHI) scheme’s architects have slammed as “inappropriate” an inventor’s demand that they pay a $5.154 million judgment he is seeking to enforce against them.
Brokers leader: Health sales rise 20% despite NHI
The Bahamas Insurance Brokers Association’s (BIBA) president says her business has enjoyed a 20 per cent increase in health insurance sales despite National Health Insurance’s (NHI) imminent arrival, with policy renewals occurring more quickly than ever.
Insurers deny ‘ball dropping’ on NHI
Insurance industry leaders have denied “dropping the ball” on seeking wider private sector support for their stance on National Health Insurance (NHI), adding: “It hasn’t killed our fight.”
QC: Bimini’s dive tourism sacrificed for minimal gain
The Bahamas has sacrificed Bimini’s “world renowned dive sites” and coral reefs for nothing as a result of Resorts World’s decision to cease its ‘SuperFast’ cruise ship service, an outspoken QC said yesterday.
Cable’s USO late fee reduced 74%
Cable Bahamas will introduce a late payment fee of $1.45 for its six-channel universal service (USO) TV package, in a bid to satisfy a condition set by the Utilities Regulation and Competition Authority (URCA) for approving its 27 per cent basic pay-TV increase.
VAT roll-out ‘not perfect’
The Chamber of Commerce’s chairman said that while Value-Added Tax’s (VAT) introduction had been smoother than anticipated, “we kid ourselves if we think it was a perfect roll-out”.
Ex-minister in call for new financial products
The Bahamas must be “more innovative” to remain competitive in financial services, a former Cabinet minister warning: “It’s not just a markets issue any more”.
Crime ‘long past point of concern’
The Bahamas’ crime problem is “long past the point of concern”, a leading private sector representative warning: “We are at danger zone levels.”
Bahamas missed ‘one shot’ tax, financial services reform
The Bahamas could have accomplished the twin goals of tax reform and reviving its financial services industry if it had introduced low-rate income and corporation taxes rather than VAT, one provider believes.
