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BICA meets with New Zealand tax advisers
The Bahamas Institute of Chartered Accountants (BICA) met with the New Zealand consultants on Value-Added Tax (VAT) to discuss how it can help with the fiscal reform public education process.
Govt to spend $2.5m monthly on fighting Zika
The Ministry of Health has allocated what would be a $30 million annual budget to tackle the Bahamas’ Zika virus outbreak, a senior official yesterday acknowledging that this had forced it to adjust its financial plans.
Minister urges greater caution on the roads
TRANSPORT and Housing Minister JoBeth Coleby-Davis is urging members of the public to exercise “greater” caution on the roadways amidst the increase of traffic fatalities in recent weeks.
Families earning under $5K yearly increase by 83%
The number of Bahamian households surviving on less than $5,000 per year has increased by an "alarming" 83 per cent in the past four years, Department of Statistics data shows, indicating the recession has most im
Liquidators disclose no adverse Sarkis findings
Baha Mar’s liquidators yesterday made no criticisms of Sarkis Izmirlian and his fellow directors, despite revealing the project had been left insolvent with multi-billion dollar liabilities.
Contractors urge ‘fair play’ on public tenders
The absence of “fair play” in the tendering process for public contracts remains one of the most significant challenges facing the Bahamian construction industry, the Bahamian Contractors Association’s(BCA) president believes.
Union president slams ‘anti-labour campaign’
A trade union leader believes there is a campaign within the public and private sectors to ‘destabilise’ the Bahamian labour movement, and he added: “I don’t like what I’m seeing and hearing.”
Insurance chairman backs CLICO probe
The Bahamas Insurance Association’s (BIA) chairman yesterday backed a public inquiry into CLICO (Bahamas) collapse, adding that the new regulatory framework for the sector is “quite robust”.
$5 fee for a cent debt
Kindly allow me a little space in your valuable newspaper to inquire if the one cent $0.01 drop or added to your bill has been changed or dropped. I paid a BTC Bill during the month of October 2023 with a balance of $00.56 cent and a payment of $00.55 cents was made and change was given back.
'Buzz is out' on electric vehicles
An auto dealer said electric car sales had enabled the business to shrug off COVID-19's impact, as he asserted: “The buzz is out.”
Curfew places dining patrons on 'automatic'
A fast food restaurant says the 10pm COVID curfew has patrons on “automatic" amid a steady rush of business between 5pm and 8pm just prior to restrictions kicking in.
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.
Sports notes
THE top scorer in Financial Bowling League competition last night was Dwayne Ingraham of Best Deal Kirki Bar with a 533 high three game set. Runner-up MVP was Kevin B Williams of Strike Force with a 201 high game and a 528 second high set.Rashad McCardy of Davis & Co Moonlight Strikers downed the pins for a respectable 198 second high game.
Sugar – Part IV: What’s all the fuss about?
I honestly thought that last week’s article was going to bring this not-so-sweet topic on the effects of added sugar to a close. However, I really do not want to rob you of information because as I said last week, knowledge is power, and with it we can change our circumstances.
Baha Mar troubles ‘threaten recession’
The FNM’s deputy leader yesterday warned that Baha Mar’s ongoing woes threaten to throw the Bahamas back into a recession, and said: “It is the day we feared.”
‘No rationale’ in IMF body’s report for Fiscal Responsibility delays
The Government was yesterday warned not to use an IMF affiliate’s report to delay moving on Fiscal Responsibility-type legislation, a top private sector executive saying the document provided a damning “indictment” of its financial reporting systems.
‘Staggering’ difference on NHI plan numbers
The Bahamian insurance industry finally ended its year-long wait for a meeting with the Prime Minister on National Health Insurance (NHI) on Monday, amid concerns that the numbers produced by the scheme’s consultants “don’t make any sense”.
Airlift ‘bane of everyone’s life’
Andros has exceeded last year’s total stopover visitors by 66.5 percent in just the first four months of 2022, it was revealed yesterday, despite airlift woes being “the bane of everybody’s life”.
Chamber chair tells BTC: Compensate businesses
The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday urged the Bahamas Telecommunications Company (BTC) to pay financial compensa
