Search results for : Deposits
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, ...
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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 ...
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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 ...
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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.
Bahamasair: No money missing in Haiti
February 08, 2023
Bahamasair: No money missing in Haiti
NASSAU, BAHAMAS — Bahamasair's managing director Tracy Cooper yesterday dismissed assertions by former Prime Minister Dr Hubert Minnis that Bahamasair money in the millions was "missing in Haiti," describing the issue as purely an administrative matter. Minnis made the assertion in Parliament on Monday. "This assertion is not true," said Cooper in a statement. According [...]
February 03, 2023
Central Bank reserves increased to $2.6 billion in 2022
NASSAU, BAHAMAS — The Central Bank's external reserves increased by approximately $140 million to $2.6 billion in 2022 the regulator revealed yesterday. Central Bank Governor John Rolle during a quarterly press briefing noted that the external balances are still very close to this level, just ahead of the anticipated seasonal build-up that is expected through [...]
February 03, 2023
AG confirms FTX owes real property tax but no other debts to government
NASSAU, BAHAMAS — Attorney General Ryan Pinder said yesterday that this office made no filings on behalf of the government as FTX creditors, noting that the company does owe the government some real property tax. A recently filed 115-page FTX creditor list listed several government ministries as FTX creditors. Pinder said: "We didn't make any [...]
February 03, 2023
Payday lender expands its offering to private sector employees
NASSAU, BAHAMAS — A payday loan provider has expanded its offering to now facilitate private sector employees. Easy PayDay Loans is now dedicating a percentage of its loan portfolio to the private sector, allowing for qualifying individuals employed for a minimum of five years to apply for a loan currently up to $5,000. Ruthie Knowles, [...]
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