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‘Devil in the detail’ over NHI reforms
Doctors and private health insurers yesterday appeared to be caught off-guard by the Government’s tabling of National Health Insurance (NHI) reforms in the House of Assembly, with one saying: “The devil’s in the details.”
Gov’t in near-$40m deficit for August
The Government incurred a near-$40m deficit during August 2022 as it reclassified almost $35m of revenues earned in July as VAT, Ministry of Finance data released yesterday revealed.
VAT lift on power bill ‘insignificant’
FREE National Movement leader Michael Pintard said the government’s amendment to the Value Added Tax Bill to increase the VAT-free ceiling on Bahamas Power and Light bills from $300 to $400 is “insignificant”.
Mitchell says goalposts shifting on tax
DESPITE the notion that Caribbean countries with competitive tax regimes are robbing European countries of revenue, Foreign Affairs Minister Fred Mitchell said the evidence shows the opposite of this is true.
Darville tables new NHI Bill in Parliament
HEALTH and Wellness Minister Dr Michael Darville yesterday tabled the new National Health Insurance Bill 2022, which once passed will repeal the NHI legislation of 2016.
LPIA advertising deal comes under scrutiny
Nassau airport’s top executive yesterday rejected concerns that the selection of its new advertising partner could run afoul of both the multi-million dollar contract’s bid requirements and the National Investment Policy.
Davis: We’re looking at action on shanty towns
PRIME Minister Philip “Brave” Davis said his administration is looking at how best to deal with the shanty towns in Abaco that are not covered by an existing court injunction, adding demolition was among the options that can be taken.
Motorsport mania
Team Bahamas is poised to make history for the local development of the sport when they compete in the 2022 International Automobile Federation (FIA) Motorsport Games.
Mingoes lose to AU
DORAL, Florida – The University of The Bahamas women’s volleyball team dropped both matches against Atlantis University over the weekend in the South Florida area.
Jones, CBK Mersin players miss Euroleague game with illness
JONQUEL Jones was expected to make her FIBA Euro League debut with CBK Mersin Yanisehir Belediyesi but the club suspects foul play led to their newly signed star and several other players missing yesterday’s game with an undisclosed illness.
How you can survive a looming recession
Can businesses be successful during a recession? It may depend on what industry a company is in as, undeniably, there are some sectors which are more likely to make it out relatively unscathed. With a possible recession on our doorstep, is this a good time to panic, sell all our stock investments and start hoarding cash?
Sovereign Wealth Fund replace to put Bahamas ‘among top tier’
THE Prime Minister yesterday said the proposed Sovereign Wealth Fund replacement will place The Bahamas “among the top tier” by helping to mobilise private capital and direct investment towards critical infrastructure projects.
Crowdfunding footcare provider opens its ‘hub’
A BAHAMIAN footcare provider, which has raised more than double its minimum crowdfunding target, yesterday used the proceeds to open the “hub” for its Bahamas and Caribbean expansion.
Commercial Enterprises Act ‘has to be repealed’
LABOUR and Immigration Minister Keith Bell said the Commercial Enterprises Act has to be repealed, adding that he has spoken with Attorney General Ryan Pinder about it.
Halkitis: I’m still waiting for ideas from retailers over price controls
ECONOMIC Affairs Minister Michael Halkitis said he is awaiting suggestions from retailers about the government’s expanded price control list.
Liberalised work permit regime an ‘impossibility’
A Cabinet minister yesterday argued the liberalised work permit regime introduced by the former Minnis administration “has to be repealed” because it is “an impossibility” to conduct the necessary due diligence within the deadlines.
Work permit fast-track Act no ‘Bahamianisation dismantling’
The Opposition’s leader yesterday launched an impassioned defence of the fast-track work permit process introduced by the Minnis administration, and asserted: “This was not a dismantling of Bahamianisation.”
Club Med’s reopening hailed as ‘monumental achievement’
The deputy prime minister yesterday hailed the “monumental achievement” in re-opening San Salvador’s Club Med resort after the property received its first 120 visitors for almost three years via an Air Canada flight.
Ex-BTVI chief: ‘Egregious deficiencies’ all corrected
The Bahamas Technical and Vocational Institute’s (BTVI) immediate past president yesterday said “egregious systemic deficiencies” that resulted in staff being “disciplined” had been cured during his time in office.
Auditors could not verify FBI bait broker’s $1.5m
Auditors for a Bahamas broker/dealer once used as ‘bait’ by the FBI refused to give its last accounts a clean bill of health because they were unable to verify the existence of $1.5m held with other financial institutions.
