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Turnquest rips ‘job-killing’ GB incentives bill
East Grand Bahama MP and Shadow Minister of Finance Peter Turnquest yesterday cudgeled the Christie administration over the Grand Bahama (Port Area) Investment Incentives Bill 2016, which he derided as “a job and investment-killing bill” instea...
 
 
Komolafe: No ‘checks and balances’ on NHI minister
Chairman of the Bahamas Insurance Association (BIA) Emmanuel Komolafe has expressed his concerns over the proposed governance structure of the National Health Insurance Authority (NHIA), which was outlined in the NHI Bill 2016 and the NHI draft legis...
 
 
Therapists concerned about NHI minister’s powers
The Bahamas Association of Physiotherapists (BAPT) said the minister responsible for National Health Insurance (NHI) would have “near unlimited” power to invest NHI dollars without accountability and responsibility, and that NHI funds are vulnera...
 
 
Turnquest rips ‘job-killing’ GB incentives bill
East Grand Bahama MP and Shadow Minister of Finance Peter Turnquest yesterday cudgeled the Christie administration over the Grand Bahama (Port Area) Investment Incentives Bill 2016, which he derided as “a job and investment-killing bill” instea...
 
 
Wilchcombe echoes regional tourism interest
Minister of Tourism Obie Wilchcombe said there is an untapped market for intra-connectivity tourism within the Caribbean. He added that the ministry would like to see an increase in airlift from other Caribbean nations such as Jamaica, Trinidad and T...
 
 
Halkitis: Bahamas must ‘keep current’ with global market developments
Minister of State for Finance Michael Halkitis – touting the fact that 42 investment funds have been licensed using the ICON (Investment Condominium) structure up to June 2016 – said participants and stakeholders in the investment fund and secu...
 
 
Investment funds, securities industry growing consistently
Despite the acknowledged headwinds challenging the Bahamian financial services industry – particularly the offshore sector – authorities report that the investment funds and securities industries in The Bahamas have realized consistent growth in ...
 
 
Southwest launches Nassau, Ft. Lauderdale route
Southwest Airlines launched an inaugural flight from Nassau, New Providence to Fort Lauderdale, Florida on Sunday. The new route provides a connection to additional markets throughout the United States. During a press conference to announce the inau...
 
 
2015/2016 VAT receipts triple to $600.3M
The Central Bank of The Bahamas (CBOB) has reported that, despite value-added (VAT) tax-led receipts of $600.3 million – more than triple the amount of the same period in the previous year – the fiscal deficit was, for the first 11 months of ...
 
 
Without VAT, deficit would be almost $1B
CFAL CEO Anthony Ferguson has posited an argument that if the government had not introduced value-added tax (VAT), the fiscal deficit for the first 11 months of FY2015/2016 would be nearly a billion dollars. Ferguson was responding to the Centra...
 
 
Carey touts potential of ‘special economic zones’
President and CEO of Better Homes and Gardens Real Estate Mario Carey said that special economic zones (SEZs) would attract investment, fuel capital expansion and lure new expertise that is needed to promote economic growth for the Bahamian economy. ...
 
 
Deltec acquires Societe Generale’s Bahamas private banking operation
Societe Generale, which could well be the last French private bank in The Bahamas, is selling its entire Bahamas operation to the Deltec International Group and pulling up stakes. The move is not directly prompted by the so-called Panama Papers leak,...
 
 
Deltec acquires Societe Generale’s Bahamas private banking operation
Societe Generale, which could well be the last French private bank in The Bahamas, is selling its entire Bahamas operation to the Deltec International Group and pulling up stakes. The move is not directly prompted by the so-called Panama Papers leak,...
 
 
BREA wins appeal, Smith to challenge ruling
The Court of Appeal has overturned Supreme Court Justice Deborah Fraser’s ruling against the Bahamas Real Estate Association (BREA). The Court of Appeal held that the assertion by George Smith that he had a right to be present and represented at a ...
 
 
Kemp: PM offered ‘no real solutions’ for entrepreneurship
Reacting to a speech Prime Minister Perry Christie gave while in Miami just over a week ago, DNA Candidate for Garden Hills Youri Kemp said Christie failed to truly address the issue of spurring entrepreneurship, but instead repeated the same mantra,...
 
 
Chamber concerned about ‘minister’ NHI role
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) pointed out several concerns with the Christie administration’s draft National Health Insurance (NHI) Bill. Primarily, those concerns surrounded the responsibilities for the min...
 
 
Education ministry to ‘assist’ SDC students
An estimated 130 actively enrolled students will have to find an alternative source of tertiary education until further negotiations can be made with another accredited institution in light of Sojourner-Douglass College (SDC) closing its doors on Jul...
 
 
‘National’ carriers should have minority govt ownership, Blanchard says
CEO of Curacao Airport Partners, N.V. Ralph J. Blanchard said that a national carrier should be primarily driven by private sector investments and that government participation in such a venture should be limited to no more than 25 percent. Currentl...
 
 
UHRA ‘blindsided’ by tabling of NHI bill
The United Healthcare Reform Alliance (UHRA) yesterday claimed it was “blindsided” by the tabling of the National Health Insurance (NHI) Bill 2016. According to the UHRA, the report on stakeholder feedback was circulated “mere hours” befo...
 
 
Cambridge blasts ‘cloak and dagger move’ on NHI bill
Regional Director of Generali Worldwide and Bahamas Insurance Association (BIA) spokesperson Tina Cambridge said the government is “hell bent” on doing what it needs to do with regards to the implementation of national health insurance (NHI) and ...
 
 
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