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NHI chief: ‘We have work to’ justify model
National Health Insurance’s (NHI) top executive yesterday admitted “we have work to do” to convince the government its “financing model” will not result in multi-million dollar shortfalls.
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Electricity theft ‘fraud victims’ face big bills
Multiple Grand Bahama businesses and residents could be “victims of a fraud” that may have cost the island’s sole electricity provider millions of dollars, it was revealed yesterday.
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PM promises crime crackdown and warns criminals: WE WON’T STOP
PRIME Minister Dr Hubert Minnis has warned criminals that they will be relentlessly tracked down and brought to justice, but failed to unveil new plans that haven’t already been publicised to aid the war on crime.
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INSIGHT: “The Royal Bahamas Police Force made me a man”
When my memoir - A Policeman’s Story - was published in 2013, The Tribune’s publisher Eileen Dupuch Carron called it “an interesting account of life in the Bahamas from the early sixties through independence and the drug wars to the present”.
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Eight migrants released from Detention Centre
EIGHT detainees who were held at the Carmichael Road Detention Centre without charge were released on Friday.
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Fiscal Responsibility miss leaves doubt on Govt ‘turning tide’
The failure to deliver on the promised Fiscal Responsibility Act consultation has left the private sector doubting the wider Government’s “commitment to turning the fiscal tide”, the Chamber’s chairman says.
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Only 10% of firms applied for Freeport tax breaks renewal
Just 10 per cent of Grand Bahama Port Authority (GBPA) licensees applied for renewal of key tax breaks via the Christie administration’s Grand Bahama (Port Area) Investment Incentives Act 2016, Tribune Business can reveal.The relatively low figure of
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Minister admits NHI wide open to fraud
The Minister of Health yesterday admitted that the National Health Insurance (NHI) scheme’s “non-existent checks and balances” have left taxpayers totally exposed to fraud and other financial abuses.
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Minister ‘concerned’ on rating agency reaction
The Minister of Finance yesterday conceded he was concerned about how the credit rating agencies will react to a five-fold increase in the projected 2016-2017 deficit, plus $722 million in new government borrowing.
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WORLD VIEW: Is the US making a stick to beat its own back over banking?
Caribbean governments have rightly focused on the severe consequences for their countries of the withdrawal of correspondent banking relations from regional banks by international banks, particularly those located in the United States.
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PM urged: ‘Put your foot down’ on BOB woes
Bank of the Bahamas was yesterday slammed for its latest failure to make timely disclosure to shareholders, having failed to provide the market with the outcome of its $40 million rights issue since it closed two months ago.
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Govt slams S&P for ignoring $1bn Baha Mar impact
The Government last night slammed Standard & Poor’s (S&P) decision to cut the Bahamas’ creditworthiness to ‘junk’ status, arguing that it had failed to “fully consider” growth-enhancing initiatives such as $1 billion in upcoming capital investments at Baha Mar.
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Residency change ‘great plan to stop investors coming’
Bahamian realtors have branded the Government’s proposal to increase the ‘fast track’ residency threshold to $1 million as “a great plan if we want to stop people and investment coming here”.
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INSIGHT: Torn apart by gangs, Haiti still waits for action as it teeters on edge of being a failed state
IN theory, Bahamian troops should be on the ground in Haiti by now.
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Puerto Rico routs Bahamas 86-67
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After winning their opening game by 11 points on Thursday at the Coliseo Roberto Clemente Gymnasium, The Bahamas men’s national basketball team watched helplessly as Puerto Rico came to town and turned the tables with a 19-point rout.
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Public spending to rise 'less than 0.1% of GDP' via wage freeze end
Public spending to rise 'less than 0.1% of GDP' via wage freeze end Sub-Deck: * Gov't acknowledges major difference with IMF over 'timing and will for major tax reform' * Debt Management Committee set up to oversee Bahamas' fiscal position By NEIL HA
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Credit union member growth expands 29%
By NEIL HARTNELL Tribune Business Editor Bahamian credit unions have outpaced commercial banks through an average total asset growth rate of 9.25 per cent over the past five years, the Central Bank's governor said yesterday, their collective membership h
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RENEWABLE ENERGY 'AMAZING CHANCE' FOR DIVERSIFICATION
By NEIL HARTNELL Tribune Business Editor The Bahamas has an "incredible opportunity" to diversify its economy by becoming a renewable energy exporter, a leading Caribbean expert yesterday saying it could emulate Israel's 92 per cent penetration rate if i
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Road Runners awarded at the annual banquet
COACH Dexter Bodie was lauded for having the vision to take time out to honour his athletes in the Road Runners Track Club with an awards banquet every year for the past 13 years.
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HSBC departure 'not jurisdiction driven'
HSBC's departure from this nation is 'not jurisdiction driven at all', although 12 Bahamian jobs will be lost through the global banking giant's decision to exit a 'non-core' business by 2014.
