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Christie: Public funds used to buy votes
PROGRESSIVE Liberal Party leader Perry Christie yesterday accused the government of using public funds to get votes.
'LOT OF ABUSE' IN WELFARE SYSTEM
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas' social security system has been subjected to "a lot of abuse", the minister responsible has admitted, acknowledging that welfare assistance was not always being given t
VAT to raise health insurance payments $40-$100 per month
Bahamian workers could see their contributions to employer-sponsored health insurance plans increase by between $40 to $100 per month once premiums are subjected to Value-Added Tax (VAT) from July 1.
Nassau/PI urged to tackle tourism risks
New product development, climate change and the creation of a cultural and natural heritage mapping data base have been identified as priority risk areas that will be addressed over the next 12-months by the Nassau/Paradise Island tourism industry, in response to a sustainable destination assessment.
Union shows ‘Job’s patience’ with BTC
Executives at the trade union representing the Bahamas Telecommunications Company’s (BTC) line staff yesterday said they had displayed “Job’s patience”, accusing management of stalling negotiations on a new industrial agreement.
Bahamas could get marketplace again in 2013
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas could play host to the Caribbean Hotel and Tourism Association's (CHTA) Caribbean Marketplace summit again next year, the organisation's president, Josef Forstmayr told
Atlantis owner eyes 'significant' 5-year investment programme
The Atlantis resort’s owner is looking to invest a “significant sum” in a five-year capital expenditure plan for the Paradise Island resort, having pronounced itself “quite excited” to have completed the $1.9 billion refinancing.
‘Much work’ ahead over business ease
The Bahamas has “a lot of work to do” before it sees a dramatic improvement in the ease of doing business, the Opposition’s finance spokesman said yesterday, adding: “There’s just too much government bureaucracy.”
Just 30% of workers covered by pensions
Just 30 per cent of the Bahamian workforce is covered by employer-sponsored pension plans, the Central Bank’s governor said yesterday, acknowledging that the relative lack of diversified investment opportunities in the Bahamas presented challenges.
Govt continuing ‘targeted’ Customs Duty reductions
The Government is proceeding with its “targeted” reduction in Customs duties to accompany Value-Added Tax (VAT), a Cabinet minister has revealed, with more cuts to be triggered by enhanced revenue administration.
Union to ‘do what it has to do’ over Hilton meltdown
The hotel union’s president yesterday said that if working conditions at the British Colonial Hilton do not improve soon it will “do what it has to do”, amid an air conditioning breakdown that has persisted for more than a week.
BISX seeks embrace with crowdfunding
The Bahamas International Securities Exchange (BISX) is seeking to marry its Small Alternative Market (SAM) and regulated environment with the new crowdfunding phenomenon, its chief executive said yesterday.
Land registration still ‘stuck in 18th century’
The Bahamas’ land registration system remains “stuck in the 18th century, an Abaco realtor believes, while calling on this country to develop a proper Land Use Plan (LUP).
Business to take roadworks battle to Privy Council
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net BUSINESS owners who took the Government to court over Baillou Hill Road and Market Street's transformations into one-way streets say they plan on taking their case to the Privy Coun
‘Bleak’ Xmas start for many retailers
Bahamian retailers yesterday described early Christmas season sales as “slow” and “bleak”, but expressed optimism they will see a major pick-up over the next week.
Natural resources: New fiscal regime under development
The Government is working with the Commonwealth Secretariat to finalise a new fiscal regime for the mining of sand, aragonite and other Bahamian natural resources, the Minister of the Environment and Housing said yesterday.
Bahamasair to unveil new fleet 'within 30 days'
Bahamasair expects to unveil the "change-out" of its Dash-8 dominated aircraft fleet within the next 30 days, a move it hopes will slash maintenance and operational costs.
'Seven digit' Atlantisinvestment delayed bygaming reform wait
Atlantis’s top executive yesterday said its planned multi-million dollar, “seven digit” investment in private gaming rooms was being delayed by the wait for casino gaming reforms to be passed.
PM: ‘No time to rest on laurels’ over EU
THE Prime Minister yesterday said the Bahamas has “no time to rest on our laurels”, given the European Union’s (EU) concerns over the absence of corporate income taxation. Dr Hubert Minnis told the House of Assembly that the EU’s Code of Conduct group had written to the Government expressing concerns that this nation’s tax system did not comply with its ‘blacklisting’ criteria.
Activist slams Shell LNG deal as ‘regressive step’
A WELL-known environmentalist yesterday said the adoption of liquefied natural gas (LNG) as the Bahamas’ main power source is a “huge regressive step”, questioning why the Government was not aggressively pursuing solar energy.
