Search results for : Deposits
Response to Nairn's NIB proposal
February 24, 2023
Response to Nairn's NIB proposal
Dear Editor, While I am in wholehearted agreement with Lindon Nairn regarding the need for immediate and drastic action to fix the National Insurance Board (NIB), I am not convinced by his proposed solutions. Firstly, yes, the failings of NIB are based primarily on "political interference", as he states. Now, I would ask what is ...
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February 23, 2023
STB objects to South Riding Point sale; claims cleanup incomplete
Environmental group Save The Bays (STB) is calling for a pause in the sale of Equinor's South Riding Point facility until the company has completed the cleaning of the oil spill caused by Hurricane Dorian.
Equinor sells South Riding Point oil terminal in GB
February 22, 2023
Equinor sells South Riding Point oil terminal in GB
Equinor is selling its South Riding Point oil terminal in Grand Bahama and has entered into an agreement with European liquid fuels terminal operator Liwathon for the purchase of the terminal.
IMF paper points to Sand Dollar risks
February 22, 2023
IMF paper points to Sand Dollar risks
Pointing to potential risks of the Sand Dollar, the International Monetary Fund (IMF) said in a new working paper that the central bank digital currency (CBDC) could pose risks to financial intermediation, integrity, and cybersecurity despite its limited use to date.
Pleasant Bridgewater disbarred
February 20, 2023
Pleasant Bridgewater disbarred
Former Progressive Liberal Party (PLP) MP Pleasant Bridgewater has been disbarred over her failure to pay $116,300 in stamp duty and record a conveyance for a client. The Disciplinary Tribunal handed down their decision to strike Bridgewater from the roll on February 15. However, Bridgewater, who was called to the bar on February 28, 1992, ...
The post Pleasant Bridgewater disbarred appeared ...
February 17, 2023
Oil company still hoping for license renewal, return on investment
Challenger Energy Group (CEG) yesterday released its 2023 strategy and work program update, revealing that the company, formerly called Bahamas Petroleum Company, remains locked in negotiations with government on the renewal of the company's licenses for another multi-year exploration period. The company noted in its update that it is "seeking alternative means of achieving value" from its ...
The...
The reason why govt collects so little property tax
February 15, 2023
The reason why govt collects so little property tax
Dear Editor, In a well-written letter in Tuesday's Tribune, a Jerome Smith questions why the Ministry of Finance cannot seem to collect property taxes. While I agree with some of the ideas outlined in his letter, Mr. Smith seems (like successive governments) to be ignoring the over-fed 800-pound gorilla in the middle of the room ...
The post The reason why govt collects so little property tax appe...
Minister says national insurance fund stands to lose $95 million if NIB rate not increased
February 14, 2023
Minister says national insurance fund stands to lose $95 million if NIB rate not increased
If the National Insurance Board (NIB) contribution rate is not increased this year, the fund stands to lose $95 million, Minister of State in the Office of the Prime Minister Myles LaRoda said today.
Op-Ed: Children in the midst of damning poverty
February 13, 2023
Op-Ed: Children in the midst of damning poverty
"Suffer The Little Children to come unto Me, for of such is the Kingdom of Heaven" By Joe Darville As Sarah Ann McMahan reflects: "Foot washing is messy business; it means getting down on your knees to mingle with the dirt of the human condition, and doing whatever is possible to try to clean it [...]
February 08, 2023
Tourism Minister calls Minnis' Bahamasair comments 'irresponsible'
TOURISM, Aviation and Investments Minister Chester Cooper said former Prime Minister Dr Hubert Minnis was "irresponsible" when he told parliamentarians on Monday that millions of dollars were missing from Bahamasair.
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