Search results for : insurance
Did you mean : nuca
Op-Ed: Incompetence or Self-Sabotage?
Op-Ed: Incompetence or Self-Sabotage?
Bahamians pay their taxes and fund the government's expenditure from one fiscal year to another. The taxes paid ensure that ministries, government departments, public corporations, state-owned enterprises, and regulatory agencies are in a position to meet their financial obligations and pay their staff. Members of the Executive, Legislature, and Judiciary are employees of and paid [...]
Colina Announced as Title Sponsor for SRC PUSHATHON 2024: Donates $10K
In an official press conference held at the Sandilands Rehabilitation Centre’s Geriatric Hospital onMonday, Colina has been announced as the Title Sponsor of PUSHATHON 2024. Dr. Ashley Adderley, Chair of the PUSHATHON Committee announced that the event will be held on June 15th beginning at 6:30 am.
North Eleuthera Mass Rally - Prime Minister Hubert Ingraham
North Eleuthera;
Young Eleutherans;
Fellow Bahamians:
We are three weeks away from making history. On May 7th, 2012 the Free National Movement will be elected as the Government of The Bahamas for the fourth time in an independent Bahamas.
AML sees sales and net profit declines in first quarter results
AML Foods Limited has faced a sales slump year-on-year and net profit decline, according to company Chairman Franklyn Butler's quarter one 2022 report, but he explained that those numbers are in line with the company's projections and were ahead of 2019 numbers.
Whistling past the graveyard
Whistling past the graveyard
Nearly three months after Prime Minister Philip Davis acknowledged that the National Insurance Board (NIB) is at a "watershed moment", and declared that despite the recommendations in the latest actuarial review of NIB there will be no rate increase at this time to save the fund from depletion, he has yet to read the report. ...
Minnis: 'Davis has a history of throwing people under the bus'
NASSAU, BAHAMAS — Former Prime Minister Dr Hubert Minnis has accused Prime Minister Philip Davis of throwing Immigration Minister Alfred Sears "under the bus" regarding an apparent conflict between Sears and OPM on the recent National Insurance Contribution Rate Increase that was revealed in March in the House of Assembly. Echoing similar comments made by [...]
Letters to the Editor: The 'Plight' of Parliamentarians?
Editor, Way back in the day, persons who offered for election to the House of Assembly and were elected or those who accepted an appointment to the Senate were often self-employed in the business or professional worlds. In short they were independent financially. They did not, ordinarily, look to the public purse for sustenance. Over [...]
GoFundMe seeks to help family after murder of former MP Saunders
THE FAMILY of Don Saunders is seeking to raise over $300,000 to pay off his housing debts and support his grieving wife and teenage children.
COVID BLOW: Near $190 million comprehensive loss for NIB in 2020
NASSAU, BAHAMAS — The National Insurance Board reported a total comprehensive loss of nearly $190 million in 2020 according to a report tabled in Parliament on Wednesday. The 2020 annual report, presented by Immigration and National Insurance Minister Alfred Sears, underscored the significant influence of the COVID-19 pandemic on the fund. In 2020, unemployment [...]
NIB rate increase revealed
NIB rate increase revealed
NASSAU, BAHAMAS- The long-awaited announcement on the increased rate for national insurance contributions was made today by the minister with responsibility for NIB, Alfred Sears. Sears revealed an increase of 1.5 percent beginning in July of this year and a 1.5 increase every two years following. This he said allows the fund to be maintained [...]
Colina Celebrates International Women’s Day
Colina Celebrates International Women’s Day
Insurer Donates to Women Empowerment Organizations
Colina Insurance Limited celebrated International Women’s Day by donating ten thousand dollars to The Bahamas Crisis Centre and Providing Access to Continued Education (PACE).
The donations are in alignment with Colina’s commitment to community building through partnerships with organizations that empower and support others.
National Training Agency, Grand Bahama, announces 16th cohort
The National Training Agency on Monday announced the 16th cohort of the Mandatory Workforce Preparation Programme.
BPSU: 'We Will Be Impacted By NIB Contribution Increase'
NASSAU, BAHAMAS – Bahamas Public Services Union (BPSU) President Kimsley Ferguson raised concern Monday morning that the proposed 1.5 per cent increase in the National Insurance Board (NIB) contribution, which is set to take effect July 1st 2024, could impact his members specifically those on the lower end of the pay scale. Ferguson added that [...]
BPSU 'We Will Be Impacted By NIB Contribution Increase
NASSAU, BAHAMAS – Bahamas Public Services Union (BPSU) President Kimsley Ferguson raised concern Monday morning that the proposed 1.5 per cent increase in the National Insurance Board (NIB) contribution, which is set to take effect July 1st 2024, could impact his members specifically those on the lower end of the pay scale. Ferguson added that [...]
Is Livable Wage the Answer To A NIB Rate Increase?
Is Livable Wage the Answer To A NIB Rate Increase?
NASSAU, BAHAMAS - The impending National Insurance Rate hike has many asking should wages increase like the cost of living?
Doctors Hospital president touts affordability of services
NASSAU, BAHAMAS- As inflation has led to the rising cost of living across the board in various sectors, President and Chief Executive Officer of Doctors Hospital Dr. Charles Diggiss challenged residents to compare the affordability of the private healthcare facility to others in the country. His comments came on the sidelines of the grand [...]
First Person In The World to Undergo Single-Port Robotic Kidney Transplant - Eases Recovery
First Person In The World to Undergo Single-Port Robotic Kidney Transplant - Eases Recovery
At 26 years old, Laura Bray’s life was put on hold. She made an appointment with her doctor after frequent migraines and shortness of breath were impacting her job and life as a mother of three. After undergoing a battery of tests, she received an unexpected diagnosis -- stage 5 kidney disease. She was soon undergoing dialysis for up to nine hours a day, while she waited for a donor kidney for m...
Govt skips full reporting on all BAMSI contracts
Govt skips full reporting on all BAMSI contracts
All of the contracts for the Bahamas Agriculture and Marine Science Institute (BAMSI) have insurance, according to Minister of State for Works and Urban Development Arnold Forbes, but Forbes could not say whether the insurance for these contracts were put in place before or after the controversy that erupted following a fire at the site on January 15.
Prime Minister hints at cost of NHI premium
Prime Minister hints at cost of NHI premium
BAHAMIANS will likely have to pay a premium of two or three dollars to help fund the government's proposed National Health Insurance scheme, Prime Minister Perry Christie said last week.
No justification
No justification
There is no justification for MICAL MP V. Alfred Gray intervening in any judicial matter.
Minnis: Christie will go down as the worst prime minister in history
Charging that Prime Minister Perry Christie will go down as the country's "worst prime minister", Opposition Leader Dr. Hubert Minnis yesterday agreed with Christie's recent declaration that his government's performance will not be matched in the history of The Bahamas.
Businessman: NIB Rate Hike Will Force Price Increase
Businessman: NIB Rate Hike Will Force Price Increase
NASSAU, BAHAMAS - It's a stark reality for many businesses as businesses and employees prepare for a 1.5% hike in National Insurance contributions.
Labour Minister defends NIB contribution rate increase
NASSAU, BAHAMAS- Minister of Labour and Public Service Pia Glover-Rolle has defended the government's decision to increase National Insurance Board (NIB) contribution rates; she said it would be difficult for fund to be sustained without immediate intervention. Minister Glover-Rolle's comments came on the heels of criticism which suggested that even though the Davis administration introduced [...]
Former golf pro says NIB missing a decade worth of his contributions
FORMER golf professional Bobby Rose said the National Insurance Board could not find records of his employment contributions from 1974 to 1984.
Oil drilling seminar to educate Bahamians
Oil drilling seminar to educate Bahamians
A local business analyst is urging Bahamians to attend an educational seminar today focused on establishing a national oil and gas company.
Wayne Johnson, the president of Wayne Johnson International, said now is the time for The Bahamas to take full advantage of the opportunities offshore oil drilling has to offer. The country is missing out on potentially billions of dollars in revenue, he added...
Robust tourism figures 'demonstrate the resilience of our nation, the unyielding spirit of our people and a hard-working tourism team,' says Tourism Minister Chester Cooper
The Bahamas is said to be on a path of robust recovery and growth, a journey underpinned by the government's fiscal responsibility and strategic economic planning.
ORG urged a balanced approach in addressing NIB's financial sustainability
NASSAU, BAHAMAS — The Organization for Responsible Governance (ORG) says that the recent confusion surrounding the announcement of a phased strategy to increase the National Insurance Board's (NIB) contribution rate underscores the importance of clear communication and inclusive decision-making processes. It urged a balanced approach to addressing NIB's financial sustainability. "The s...
THE STRUGGLE IS REAL: Insurer acknowledges challenges in managing impact of higher rates on customers
THE STRUGGLE IS REAL: Insurer acknowledges challenges in managing impact of higher rates on customers
NASSAU, BAHAMAS — A local BISX-listed insurer has acknowledged challenges in mitigating the impact of higher insurance rates on consumers as it renewed concerns over the lack of reinsurance capacity despite surging demand for property coverage in the region. Alister McKellar, JS Johnson's managing director, in his latest quarterly update to the company's shareholders, noted: [...]
Former NIB Minister: It Should've Been Done A Long Time Ago
NASSAU, BAHAMAS - Former National Insurance Minister Shane Gibson says government is making the right move in increasing the NIB contribution rate by 1.5%.