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Freedom of information 'critical' to reform of the economy

FREEDOM of Information legislation is “critical” for economic reform, according to the Inter-American Development Bank’s (IDB) regional economic advisor, who called for greater inclusion of the academic community and wider society on policy matters.

'Embrace new era' with investor citizen plan

By NEIL HARTNELL

The perfect predator

The beautiful but voracious lionfish are now threatening the Gulf of Mexico ecosystem. Pam LeBlanc says that eradicating them is impossible - and if you can’t beat them, eat them

Briefly

The beautiful but voracious lionfish are now threatening the Gulf

$5bn-plus deficit creating economy 'realignment' fear

The Bahamas is facing a “troublesome realignment” of its external accounts, a former finance minister has warned, noting this nation has amassed a collective $5 billion-plus current account deficit over the past four years.

AML 'not terribly excited' despite 106% profit rise

AML Foods yesterday said it was “not terribly excited” about its first quarter net income more than doubling to $1.346 million, a result aided by a further 20 per cent reduction in shrinkage during that period.

Bahamas losing $3m per week to sports fishermen

BAHAMIAN fishermen have backed proposed legislation that would limit the amount of seafood foreign sports fishermen are allowed to retain, estimating that this nation’s fisheries sector is losing $3 million a week to thisl practice.

Water Corp to cut Consolidated debt to under 90 days

THE Government is aiming to reduce the Water & Sewerage Corporation’s (WSC) arrears with BISX-listed Consolidated Water, its main supplier, to just under 90 days, after approving a $20 million subsidy for the 2014/2015 fiscal year.

Weak men fear women leaders

EDITOR, The Tribune.

Youth Regatta Champions emerge

Spencer Cartwright, Paloma Cartwright, Tahj Ramirez, MaClean Goodfellow and Alvin Lewis emerged as champions in their respective categories of the Bahamas Youth Olympic Regatta in Montagu Bay over the weekend.

YOUNG MAN'S VIEW: Nation at a fiscal crossroads

Today, is my first column back after a brief sabbatical and one notes that so much has transpired over that time. As I get back into the flow of things, I intend to assess a few of the issues that jump out at me and continue to do so as usual.

Gov’t pension liability ‘absolutely staggering’

The Government’s unfunded pension liabilities have been described as “absolutely staggering”, a well-known financial expert noting they are projected to exceed 50 per cent of current GDP by 2032 without urgent reform.

Gaming 'double taxed' if subjected to VAT

A leading accounting firm has warned that casino gaming would be subject to “double taxation” if it was made ‘VAT-able’, undermining the industry’s competitiveness and ability to attract world-class tournaments.

Griffin: Poverty statistics were expected due to global recession

SOCIAL Services Minister Melanie Griffin told The Tribune yesterday that while she was surprised by statistics that show an increase in poverty in the Bahamas, she expected it given the recent global recession.

Insurance fear on inflationary impact from VAT

A leading Bahamian insurer has expressed concern about a potential “one-time” balance sheet hit if claims reserves are not sufficient to absorb the 7.5 per cent Value-Added Tax’s (VAT) inflationary impact.

Super Value chief: $200 minimum wage acceptable

Super Value’s owner yesterday said he could accept a 33 per cent increase in the weekly minimum wage to $200, agreeing that “nobody can live” on the existing $150 per week.

Fiscal deficit contracts 32%

The Government’s fiscal deficit contracted by 32.2 per cent to $260.8 million for the first nine months of the 2013-2014 Budget year, driven by a drop in capital spending and increased non-border tax revenue.

Rollins defends right to express different views

FORT CHARLOTTE MP Dr Andre Rollins yesterday warned Progressive Liberal Party “loyalists” that they are setting a “dangerous” precedent by criticising members of the party who express differing views from the party line.

More than 40,000 live under the poverty line

CHILDREN under 14 have the highest poverty rate in the Bahamas as national statistics released yesterday reveal more than 40,000 persons in the country live under the poverty line on less than $5,000 per year.

BFSB announces five Landfall promotions

The Bahamas Financial Services Board (BFSB) has teamed with its Ministry of Financial Services co-sponsor to schedule five Bahamas Landfall events between August and October, as it targets business opportunities in Latin America and China.

The Tribune

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