Search results for : accounting
June 09, 2023
Thompson say that Davis administration's budget doesn't account for $110m BPL loan
KWASI Thompson, former State Minister for Finance, said the Davis administration presented an incomplete budget that does not include all estimates as required by law.
MPs must account for spending of public funds
June 09, 2023
MPs must account for spending of public funds
The government is raising the constituencies capital grant in the upcoming fiscal year from $100,000 per constituency to $150,000. It is also increasing the monthly constituency allowances from $2,500 to $3,500. The allowances are made to keep constituency offices operational. The capital grant is allocated for each MP to undertake various projects in his or her ...
The post MPs must account for s...
'Hold owners to account' for pit bull attacks
May 22, 2023
'Hold owners to account' for pit bull attacks
BAHAMAS Humane Society President Kim Aranha said dog owners who fail to train or restrain their pit bulls properly should be heavily fined, but pit bulls should not be banned.
Twitter is Purging Inactive Accounts
May 18, 2023
Twitter is Purging Inactive Accounts
UNITED STATES - Twitter owner Elon Musk announcing the platform will be purging accounts that have had no activity for several years.
PM waves off questions on London trip accounting
May 18, 2023
PM waves off questions on London trip accounting
Days after Opposition Leader Michael Pintard said the Davis administration must give a full accounting for the recent trip to London by a delegation to attend the coronation of King Charles III, Prime Minister Philip Davis told reporters he was not aware of any criticisms related to the trip. Asked about the cost, and about criticisms ...
The post PM waves off questions on London trip account...
May 16, 2023
Central Bank reveals nearly $90 million in dormant bank accounts.
NASSAU, BAHAMAS- Just under $90 million in dormant bank accounts were in the custody of the Central Bank at year-end 2022 according to the regulator. The Central Bank in its annual report and statement of accounts for 2022 noted that at December 31st, December 2022, it maintained custody of 41,878 dormant facilities, with balances totalling [...]
May 11, 2023
Inland Revenue has been garnishing accounts since early April
The Department of Inland Revenue (DIR) has made good on its promise to begin garnishing the bank accounts of businesses that are severely in arrears and have not made arrangements to correct their debt to the government, DIR's Head of Communications John Williams told Guardian Business yesterday, adding that this has been done to "many" ...
The post Inland Revenue has been garnishing accounts sinc...
Central Bank acknowledges "less than satisfactory" bank account opening time, touts improvements
May 01, 2023
Central Bank acknowledges "less than satisfactory" bank account opening time, touts improvements
NASSAU, BAHAMAS- The Central Bank is still actively seeing to improve what still remains a "less than satisfactory" experience in opening accounts at domestic banks according to Governor John Rolle, noting that the target is to reduce the average time it takes to open a business account to less than two weeks. "The Central Bank [...]
Department of Inland Revenue invites business owners to come in and discuss their accounts, if in arrears
April 17, 2023
Department of Inland Revenue invites business owners to come in and discuss their accounts, if in arrears
The Department of Inland Revenue of the Ministry of Finance held a press conference Wednesday, April 12, 2023 on compliance and enforcement at its offices on Carmichael Road.
Public Accounts Committee alleges DEHS fraud
January 26, 2012
Public Accounts Committee alleges DEHS fraud
Contractors hired by the Department of Environmental Health Services (DEHS) to construct 18 landfills were overpaid by as much as $700,000, according to testimony given to the Public Accounts Committee (PAC) of the House of Assembly.
The revelation was made by Auditor General Terrance Bastian to the committee in June and July 2011, PAC Chairman Dr. Bernard Nottage told members of Parliament yester...
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