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.
Pharmacists to ‘eat’ NIB drug plan loss
The private Bahamian pharmaceutical industry will have to “eat a significant loss” on existing National Prescription Drug Plan inventories after the National Insurance Board (NIB) - virtually overnight - changed the scheme’s pricing by up to 40 per cent.
Gov’t, regulators ‘running for hills’ on CLICO failure
The Government and its financial regulators were yesterday accused of “running for the hills” over CLICO (Bahamas) , an outspoken attorney arguing that any other country would have initiated a formal inquiry into its collapse.
From ‘disappointment to disillusionment’ on CLICO
CLICO (Bahamas) policyholders “have moved from disappointment to disillusionment”, a prominent cleric yesterday saying his three-week effort to secure a meeting with Prime Minister Perry Christie on the issue had failed.
Insurers ‘dropped the ball’ on NHI
Super Value’s owner believes the insurance industry “dropped the ball” by not inviting the wider private sector into the National Health Insurance (NHI) discussions earlier, suggesting it could have impacted the scheme like it did Value-Added Tax (VAT).
Gov’t puts Freeport ‘on the edge of time’
The Government was yesterday accused of failing to abide by its agreement before the Court of Appeal to release the McKinsey report on Freeport’s future, with the city’s expiring investment incentives again “on the very edge of time”.
IAN FERGUSON: Learning from a workforce ‘giant’
The Bahamas this week lost a ‘giant’ in youth development and business. Lionel Elliot Senior, for more than 30 years, gave his all to improving the lives of Bahamians and ensuring that our reputation as a destination was improved each day.
