Finance

Nurses' anger at delay in honorarium payment
Nurses' anger at delay in honorarium payment

July 29, 2021

BAHAMAS Nurses Union president Amancha Williams yesterday voiced her anger at the delay of honorarium payments to COVID healthcare workers, calling it "deceptive and wicked".

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Another delay in payment for frontline workers

July 28, 2021

FRONTLINE workers employed in the public sector are in for a disappointment as they will not see the much anticipated COVID-19 honorarium in their pay cheques this month as once again, the government has delayed it.

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Ministry of Finance puts new customs fee on hold temporarily

July 28, 2021

The government announced yesterday that it has temporarily suspended the enforcement of a nominal Bahamas Customs Department processing fee that was approved in the 2021/2022 budget, explaining that some people have already been incorrectly charged and there needs to be more customer education on the fee, as well as training within the Customs Department.

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Escalating costs on consumer goods
Escalating costs on consumer goods

July 20, 2021

The Bahamas Price Control Commission is monitoring the “escalating” rise in the cost of everyday goods particularly over the past few months, according to its Chairman Danny Sumner.

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Bethel: Bahamas won't move on global corporate tax before rest of the world
Bethel: Bahamas won't move on global corporate tax before rest of the world

July 15, 2021

With mounting calls for the government to be proactive and move ahead with establishing its own corporate tax before international bodies lay the hammer on them to do so, senior government officials said while discussions are ongoing, no decision will be made just yet.

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Bowe: Govt's borrowing plan doesn't adequately address nat'l debt
Bowe: Govt's borrowing plan doesn't adequately address nat'l debt

July 14, 2021

The government's recently released annual borrowing plan (ABP), while useful, does not lay out a strategy for reducing the country's nearly $10 billion national debt, a leading financial expert asserted yesterday.

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Police force goes cashless in Grand Bahama
Police force goes cashless in Grand Bahama

July 06, 2021

AFTER going cashless in New Providence, the Royal Bahamas Police Force has extended the initiative to Grand Bahama and will no longer accept cash from citizens.

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Hurricane supply VAT holiday to begin next week

July 02, 2021

The Ministry of Finance announced yesterday that a value-added tax (VAT) holiday on hurricane supplies would begin on July 9.

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Money's tight - so more using stamps
Money's tight - so more using stamps

July 01, 2021

FALLOUT from the COVID-19 pandemic has caused people to tighten their purse strings, Super Value President Rupert Roberts has said, while noting "more and more" shoppers have been relying on the store's food stamps to shop.

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4.2m to inner city
4.2m to inner city

June 22, 2021

PRIME Minister Dr Hubert Minnis said as of May this year, $4.2m in tax concessions have been granted to inner-city communities affected by the Economic Empowerment Zones Act.

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100m funding for hospital upgrades
100m funding for hospital upgrades

June 18, 2021

MORE than $290m has been earmarked in the upcoming fiscal year for public healthcare and safety initiatives, with over $100m targeted for infrastructure repairs and critical hospital upgrades.

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The Bahamas among top unemployment benefit providers in region

June 18, 2021

A World Bank report has lauded The Bahamas’ level of unemployment benefits during the COVID-19 pandemic, explaining that this country is one of a few in the region to offer unemployment payments to citizens not eligible for the National Insurance Board’s contributory unemployment benefit.

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Health minister reveals 640K pot for COVID nurses
Health minister reveals 640K pot for COVID nurses

June 17, 2021

HEALTH Minister Renward Wells said $640,600 has been allocated for 143 frontline healthcare workers who volunteered to help COVID-19 victims last year.

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Central Bank survey reveals increasing use of digital payments
Central Bank survey reveals increasing use of digital payments

June 15, 2021

As the Central Bank of The Bahamas (CBOB), Ministry of Finance and clearing banks push to achieve a 50 percent reduction in the use of cash and an 80 percent reduction in the use of checks by 2025, a new survey revealed that more businesses have embraced digital payments in the wake of the COVID-19 pandemic.

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Leading economist: Bahamas in the midst of worst crisis in its history
Leading economist: Bahamas in the midst of worst crisis in its history

June 14, 2021

Noting that on its current track the country's fiscal position is unsustainable, Economist Marla Dukharan, who is also a leading economic advisor on the Caribbean, said The Bahamas needs to conduct an orderly debt profiling exercise.

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140m still owed in student loans

June 11, 2021

MORE than $140m is still owed to the Education Loan Authority for its student loan programme, according to chairwoman Miriam Emmanuel.

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NIB paid out 263m benefits
NIB paid out 263m benefits

June 11, 2021

THE National Insurance Board paid out $263.6m in employment benefit and assistance between August 25, 2019 to May 18, 2021, according to Public Service Minister with responsibility for NIB Brensil Rolle.

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NIB has paid out 263 million due to Dorian, COVID-19
NIB has paid out 263 million due to Dorian, COVID-19

June 11, 2021

Between August 25, 2019, and May 18, 2021, NIB spent $15.6 million on Dorian survivors and government-funded Dorian extension programs, $16 million on self-employed government-funded unemployment assistance programs, $134.6 million on the government-funded unemployment extension program and $97.4 million on the national insurance unemployment benefit.

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FACTS ON DEBT: Sands warns painful tax reforms can no longer be avoided
FACTS ON DEBT: Sands warns painful tax reforms can no longer be avoided

June 10, 2021

ELIZABETH MP Dr Duane Sands said yesterday the country will have to adopt serious changes in the years ahead in response to the nation’s worsening debt crisis, noting an income tax system may even have to be implemented.

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HERE'S WHY YOUR BUSINESS ISN'T GROWING
HERE'S WHY YOUR BUSINESS ISN'T GROWING

June 09, 2021

By: Jhanae Winter
The way people shop is a process that encompasses many factors before a final decision is made. The psychological steps that take place all play a significant role in the purchases made by consumers.

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