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Business

 
McCartney: No relief from VAT prices under Christie administration
The Democratic National Alliance (DNA) has weighed in on the International Monetary Fund (IMF) Article IV assessment of The Bahamas, and says the IMF’s concluding statement – plus the record of the Christie administration in government – mean...
 
 
Turnquest warns, ‘hold off discretionary spending’
The Bahamas’ national debt is approaching $7 billion, despite the implementation of value-added tax (VAT) and the much-touted contribution of that tax toward reducing the annual fiscal deficit. The value of VAT as a fiscal deficit reduction tool...
 
 
D’Aguilar warns of ‘prejudice’ against foreigners
CEO of Superwash and a former director of Baha Mar Dionisio D’Aguilar said doing business in The Bahamas is difficult for foreign investors because Bahamians are prejudiced against people from other countries. “You cannot grow this economy by ta...
 
 
BIA executive questions KPMG primary care valuation
Former Bahamas Insurance Association (BIA) Chairperson Tina Cambridge, a member of the BIA's NHI Committee, said the BIA is concerned that KPMG has validated the government’s $100 million budget amount for NHI’s first phase as reasonable, even th...
 
 
Executive pushes IDB/IIC private sector engagement
Former executive director of the Inter-American Development Bank (IDB) and Managing Director at Global Fulfillment Services Ltd. Barry Malcolm said that private sector development should rely less on the government and look for other areas of funding...
 
 
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