Bahamians urged to fill the ‘skills gap’
Bahamian students have been urged by the acting director of labour to ready themselves to fill the country’s skills gaps and reduce employer demand for work permits.
DPM: We’ll ‘scale back’ spending more if needed
The government will “scale back” spending for the 2018-2019 fiscal year if revenue further underperforms, it was revealed yesterday, amid a $21.7m year-over-year fall in trade taxes.
FOCOL chair ‘can’t believe’ stock so low
FOCOL Holdings chairman yesterday revealed that its share buyback was launched because it “can’t believe” investors place so little value on a stock that consistently delivers healthy profits.
‘Quantify’ VAT shortfall, BICA chief urges govt
The government was yesterday urged to “quantify” its VAT shortfall, a top accountant hailing its admission of a near $200m total revenue undershoot as “very bold and courageous”.
CIBC enjoys ‘best result’ for 11 years
CIBC FirstCaribbean’s Bahamian unit enjoyed its “best performance for 11 years” after 2018 profits rose nearly 11 percent due to improved loan book performance and rising US rates.
Taxi drivers: We won’t be ignored over cruise port
Taxi drivers yesterday warned they will not be “disenfranchised” by the cruise port’s redevelopment, their union president pledging the sector will be “at the forefront of negotiations”.
DPM blasts the opposition’s ‘reckless disregard for truth’
THE deputy prime minister yesterday hit back at his opposition counterpart’s assertion that the government’s fiscal policies are being dictated by the International Monetary Fund (IMF).
BAMSI moves to cut food wastage by 40%
THE Bahamas Agriculture and Marine Science Institute (BAMSI) is aiming to reduce food spoilage and waste by 40 percent through its hiring of a refrigerated transport container.
IAN FERGUSON: Championing the cause of change
Adapting to change in business is often a great challenge for many employees. The ability to assimilate into a new and dynamic environment in particularly perplexing for veteran workers who may have been entrenched in a process, environment and culture for an extended period of time.
Underspend helps hit deficit target
The government yesterday forecast it will narrowly beat this year’s fiscal deficit target despite a $185m revenue shortfall caused by VAT, gaming and enforcement underperformance.
Top official eyes ‘promising’ rich revenue quarter
The Ministry of Finance’s top official yesterday revealed collections in the current “revenue-rich” quarter were “promising”, with the government’s fiscal “game plan” firmly on target.
‘Phenomenal’ if lower deficit forecast holds
Governance reformers yesterday hailed the government’s prediction that it will shrug off a $185m revenue shortfall - and beat its full-year deficit target - as “phenomenal” if it comes true.
Ex-minister fearful on $130m spending cut
A former finance minister yesterday warned that the forecast $130m cut in government spending this fiscal year could undermine Bahamian economic growth and job creation.
Opposition: Govt all ‘head, no heart’
THE opposition yesterday predicted an “even greater revenue shortfall” and missed fiscal deficit targets, arguing that the mid-year budget “did nothing to inspire confidence”.
Bahamas represented at regional IMO meet
A Cabinet minister led the Bahamian delegation to this week’s International Maritime Organisation (IMO) organised meeting of senior Caribbean policymakers and officials.
