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Just 3% of health premiums go to insurance profit
Just 3 per cent of premium income typically goes to health insurers’ profits, Family Guardian’s president revealed, as he warned that National Health Insurance (NHI) could reduce available healthcare benefits.
YOUNG MAN'S VIEW: Talk is cheap but crime is exacting a heavy price
SOME time ago, I said that The Bahamas is a powder keg. Today, I believe in that statement even more than I did then. Our society is imploding and we have reached the point of absolute crisis. There is no other description for the criminality and mayhem happening around us on a daily basis.
Cable says Q3 loss no trend
Cable Bahamas yesterday said the $587,000 net loss suffered in the 2015 third quarter was unlikely to develop into a trend, as it blamed the ‘red ink’ on unanticipated delays in the mobile licence bidding process.
Redundancy pay cap ‘totally inequitable’
The Trade Union Congress’s (TUC) leader yesterday backed Government proposals to lift the redundancy ‘ceiling’, arguing it was “ totally inequitable” for workers who had given decades of service to receive the same pay-off as colleagues with the same firm for 12 years or less.
Minister’s ‘trepidation’ over financial service
A Cabinet Minister yesterday admitted to “trepidation” over whether the Bahamas’ service levels could match the promises and content of a recent financial services promotional tour.
Caribs men’s basketball team eager to continue their winning streak
AFTER breaking into the winning column, the College of the Bahamas Caribs men’s basketball team is eager to continue their streak when they travel to South Carolina to play a series of three games in South Carolina this weekend.
Hutchison’s new GBPA interest ‘jeopardised’
A “massively improved” offer for the Hayward estate’s Grand Bahama Port Authority (GBPA) stake, with $60 million guaranteed “upfront”, plus interest from Hutchison Whampoa and other buyers has allegedly been jeopardised after the Supreme Court was asked to intervene.
Removers owned last guardian for Hayward trust
The sole remaining guardian for the late Sir Jack Hayward’s trust, which holds his family’s 50 per cent Grand Bahama Port Authority (GBPA) stake, is owned and controlled by the same individuals who engineered the removal of all other trustees.
Liberty’s ‘future plans’ for BTC key to Gov’t
Liberty Global’s “future plans” for the Bahamas Telecommunications Company (BTC) will weigh heavily on the Government’s decision over whether to approve its arrival in this nation, a Cabinet Minister said yesterday.
Bahamas needs ‘more marked’ deficit decline
Standard & Poor’s (S&P) has warned the Bahamas needs a “more marked” decline in its fiscal deficits to halt the rising national debt, which it forecasts will grow to 53 per cent of GDP on a net basis by 2018.
Aircraft registry can ‘parallel’ civil aviation reforms
The Government was yesterday urged by an aviation law specialist to develop a Bahamian international aircraft registry “in parallel” to its overhaul of the local industry’s regulatory oversight regime.
Gov’t targets $246m BEC reform ‘windfall’
The Government yesterday revealed a $246 million energy reform ‘windfall’ that will temporarily arrest the national debt’s increase, amid new revelations about BEC’s dire financial straits.
Gov’t to break $200m Treasury Notes mark
The Government is hoping to next week breach the $200 million mark for funds raised via its new Treasury Note security, with advisers confident the latest $25 million offering will be fully subscribed.
NASSAU LIFE: A plan for Baha Mar
Richard Coulson suggests a compromise of interests can be found to preserve the stalled mega-resort development
Gov’t turning lay-offs into a ‘bonus windfall’
The Government will dissuade many entrepreneurs from “even attempting to do business” if it persists with plans to transform employee severance pay into “a windfall bonus”, the private sector has warned.
Financial services firms set for 25% contraction
The Bahamas will likely suffer a 25 per cent contraction in the number of financial services industry players, a senior international private banking executive said yesterday, as institutions merge to acquire scale and maintain profitability.
Resolve ‘not ruling anything out’ over more bad BOB loans
Bahamas Resolve’s chairman yesterday admitted he “wouldn’t rule out anything” when it came to the possibility of removing more toxic loans from Bank of the Bahamas.
Gov’t making business into ‘social safety nets’
The Government was yesterday accused of seeking to transform Bahamian businesses into “social safety nets” by eliminating the Employment Act’s current ‘12-year cap’ on redundancy pay.
‘Patently false’: Bahamas not violating tax rules
A former finance minister yesterday slammed as “patently false” suggestions by a prominent tax advocacy group that the Bahamas is “disregarding the rules” and flouting global information exchange and transparency standards.
No more toxic BoB loans for Resolve - yet
BAHAMAS Resolve has yet to be “formally asked” to remove more toxic loans from Bank of the Bahamas, amid calls from the latter’s irate shareholders for the Central Bank to “intervene” and take over its operations.
