Private security firms told to ‘professionalise’
A Ministry of National Security official has called for the private security industry to “professionalise” and raise its standards so as to attract higher-calibre recruits to the sector.
Pintard challenges Gov’t over $203m draw down
The Opposition’s leader yesterday challenged whether the Government would have had to refinance $300m via its ‘debt-for-nature’ deal if it had not previously used assets set aside for this purpose.
Minister: Tax rises are ‘off the table’
A Cabinet minister has reiterated that tax increases are “off the table” while voicing confidence that the Government’s 50 percent debt-to-target will be met by 2031 through economic growth.
Gov’t urged: ‘Step it up’ on private security weapons
Private security firms are urging the Government to “step it up a bit” and examine the law and regulations governing whether they can use firearms and non-lethal weapons to protect themselves and clients.
$300m refinance set to boost 6.8m hectare MPAs oversight
The Bahamas National Trust (BNT) says the proceeds generated by the Government’s $300m debt-for-nature refinancing will help it and others to better manage the 6.8m-hectare Marine Protected Areas (MPAs).
PM: Bahamas ‘rewriting rules’ in climate battles
The Prime Minister is asserting that The Bahamas is “rewriting the rules of engagement for climate resilience and conservation” with its $300m debt-for-nature refinancing transaction.
New construction ‘fallacy’ for solving housing crisis
Successive governments have “buried their head in the sand” and are “guilty of this fallacy” that simply building more homes will solve The Bahamas’ housing crisis, a senior banker has warned.
IMF ‘out of touch’ on Bahamas VAT hike
Bahamian businesses yesterday branded the International Monetary Fund (IMF) as “out of touch” in calling for “further revenue measures”, including a possible VAT hike, adding: “They need to come live here.”
KEITH ROYE II: Machine learning now a corporate necessity
In today’s fast-paced business world, companies are turning to machine learning (ML) to drive efficiency, reduce costs and gain a competitive edge. As a technology that leverages data to make predictions, automate tasks and optimise processes, machine learning is reshaping business operations across numerous industries.
Ex-minister backs PHA fees on ‘ability to pay’
A former health minister yesterday backed the IMF’s call for the Public Hospitals Authority (PHA) to impose patient fees on those “with the ability to pay” and “double” its present $20m annual revenues.
‘Simpler building process and more transparency from bill’
THE Local Government Bill will streamline the building process, improve transparency and give local governments the power to raise revenue, said Minister of Works and Family Island Affairs Clay Sweeting.
Chamber blasts ‘audacity’ of IMF tax, water tariff increase
The Bahamas Chamber of Commerce and Employers’ Confederation told Tribune Business they strongly oppose “even the suggestion of increased taxation” after the International Monetary Fund (IMF) proposed a VAT increase among other changes to aid the government in reaching its 2031 debt target.
‘Why has roadwork stopped?’ ask residents in South Andros
South Andros business owners and residents have become frustrated with the pace of road repairs and have renewed calls for roadwork to be completed.
US companies on three-day Bahamas mission
Seven American companies are participating in a three-day US government-sponsored trade mission that started yesterday in a bid to forge partnerships and closer ties with Bahamian firms.
Chamber warns of impact of crime on businesses
The Bahamas Chamber of Commerce & Employers’ Confederation is concerned with the rise of crime and its impact on businesses, especially following an IDB report stating the country’s GDP experienced a loss of $100m with 40 percent of that owed to crime.
