OECD's permanent residency targeting 'not really of concern'
The Deputy Prime Minister yesterday said the OECD’s targeting of the Bahamian economic permanent residency regime was “not really of concern” because it is not used for tax purposes.K Peter Turnquest, pictured, while agreeing it was “unfortunate” tha
Judge dismisses Margaritaville war
Margaritaville’s Bahamian franchisee yesterday suffered a major reversal in its bid to block the brand’s $250m tie-up with The Pointe when a US judge dismissed its lawsuit.Judge William Dimitrouleas, sitting in the south Florida federal court, ruled
ART OF GRAPHIX: Drawing the correct terms on picture use
What is the difference between photos, pictures, images, drawings and clip art? Even designers describe them all as photos, while many others simply refer to them as pictures. This helpfully avoids the dilemma of deciding which term to use, but does
Officials visit Estonia for e-government training
Senior officials travelled to Estonia for a training exercise designed to further the introduction of e-government, and paperless, more efficient services, in Grand Bahama.Kwasi Thompson, minister of state for Grand Bahama, and Elise Delancy, permane
Govts Post Office rent 87% off peak
THE Government is paying up to $90 per square foot for rental space, a Cabinet Minister said yesterday, describing the 87 percent reduction offered to the Post Office as “unprecedented”.Brensil Rolle, minister of public service, seeking to justify th
Development Bank exploring alternative funding mechanisms
Senior Bahamas Development Bank (BDB) executives met with the Securities Commission to discuss the regulator’s Crowd Funding push and other capital markets instruments.Dave Smith, the BDB’s managing director, said Crowd Funding and products such as S
Small Business Centre in family island roll-out
The Small Business Development Centre (SBDC) has kicked-off its Family Island roll-out on Exuma, meeting with the island’s Chamber of Commerce and holding a Town Hall meeting in Georgetown.Davinia Blair, the SBDC’s executive director, acknowledged th
First Post Office PPP in $4m limbo
The Government’s first Post Office partner yesterday revealed he has been left exposed to a near-$4m loss, and said: “I’ve never been in a situation like this before.”Scott Godet, who agreed a public-private partnership (PPP) with the former Christie
New $100m NHI will be 'hard sell'
The restructured National Health Insurance (NHI) scheme’s basic coverage will cost $100m but avoid “creating another bloated government bureaucracy”, a Cabinet minister said yesterday.Dr Duane Sands, minister of health, told Tribune Business that the
Manufacturers blast NHI's $10m 'sugary drinks tax' proposal
Manufacturers yesterday hit back at plans to raise between $4-$10m from a “sugary drinks tax”, arguing that these products cannot be blamed for The Bahamas’ health crisis.Walter Wells, Caribbean Bottling Company’s president and chief executive, told
Chamber chair queries NHI $42 premium 'cap'
The Chamber of Commerce’s chairman yesterday queried if Bahamian workers will suffer reduced healthcare quality given the revised NHI scheme’s “maximum” premium contribution.Michael Maura, pictured, in an emailed reply to Tribune Business from New Yo
DPM confirms $10m payout over CLICO
The Deputy Prime Minister yesterday confirmed that the Government will make another $10m payout to CLICO (Bahamas) clients before year-end.Speaking with reporters ahead of a Cabinet meeting, KP Turnquest, pictured, said: “The Government has been maki
Students lose math fear via web-based learning
The Bahamas Technical and Vocational Institute (BTVI) has been using Internet-based learning systems to reduce the fear of mathematics among its students. The subject has always been daunting for Darian Smith. Since high school, he always struggled w
BTVI deputy chair fulfills his promise
The Bahamas Technical and Vocational Institute’s (BTVI) deputy chairman, Peter Whitehead, has made good on his promise to donate an Apple computer to the institution.The Apple iMac computer is to be used in further improving and maintaining the insti
Governance reformer fears 'deeper hole' over new NHI
A leading governance reform campaigner yesterday warned The Bahamas will only dig itself into an “ever deeper fiscal hole” if National Health Insurance (NHI) is not properly funded or managed.Robert Myers, a principal with the Organisation for Respon
