Inflation and day one basis of reinstatement

Exactly a year ago, inflation was at an all-time low at 0.36 percent in October 2013. The all-time high was in November 1974 at 14.24 percent, with an average over the last 40 years of four percent, according to the Department of Statistics. Inflation is primarily dominated by government monetary policy and oil prices, as we saw with the 2008 spike reaching a crescendo in September at 6.03 percent...

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The Bahamas Chamber of Commerce and Employers Confederation offers VAT training

As the government ramps up its training initiatives within the business community, the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) - through its educational wing, the Chamber Institute - is offering training courses on the value-added tax (VAT) registration and other aspects of VAT readiness.
Keshelle Davis, executive director of the Chamber Institute, said: "Our first official...

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Average clause

If you have a property insurance policy, you certainly would have received a notice at renewal drawing your attention to the "average clause" in your policy wording. There is a statutory requirement for insurers to notify their policyholders in writing as to the nature and effect of the "condition of average" before taking out the policy and before every policy renewal. In a nutshell, this clause ...

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Trim the fat

With all the talk of value-added tax (VAT) and huge deficits and the need for revenue, there needs to be more talk about curbing expenditure, cutting costs and reducing the size of the civil service. We have a largely inefficient public sector that is draining the public purse and everyone has dodged this elephant in the room for far too long.
There has to be public sector reform which addresses i...

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NIB explains process that led to 20 mil. contract

The National Insurance Board (NIB) said in a statement yesterday that the procedure followed in granting a $20 million contract to Holiday Industrial Builders International Ltd. for the construction of a building to the west of the Paul L. Adderley Building on John F. Kennedy Drive is consistent with the framework in place at NIB for the award of building contracts.
NIB released the statement amid...

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SUMMER CAMP 2012/CAREER TRAINING IN MARITIME

Thursday 9th August 2012  9:30 AM

GADITES MARITIME & NAVIGATIONAL INSTITUTION

SUMMER CAMP 2012/CAREER TRAINING IN MARITIME
IT?S EDUCATIONAL AND FUN, COME JOIN US!
JULY 30 - AUGUST 10, 2012
9:30am-2pm at T. A. Thompson Junior High School
Ages 15 AND UP
Register early

Phone: 242-326-2072, 242-449-9927 or 447-7960
Email: gaditesmaritime@hotmail.com
Website:www.gaditesmaritime.com
Only $400.00(Gets you two certificat...

SUMMER CAMP 2012/CAREER TRAINING IN MARITIME

Friday 10th August 2012  9:30 AM

GADITES MARITIME & NAVIGATIONAL INSTITUTION

SUMMER CAMP 2012/CAREER TRAINING IN MARITIME
IT?S EDUCATIONAL AND FUN, COME JOIN US!
JULY 30 - AUGUST 10, 2012
9:30am-2pm at T. A. Thompson Junior High School
Ages 15 AND UP
Register early

Phone: 242-326-2072, 242-449-9927 or 447-7960
Email: gaditesmaritime@hotmail.com
Website:www.gaditesmaritime.com
Only $400.00(Gets you two certificat...

Doctors Hospital retains Joint Commission International reaccreditation

Late last year, Doctors Hospital underwent another rigorous round of scrutiny by a team from Joint Commission International (JCI) to ensure that the healthcare provider continues to uphold the highest international standards set forth by the accreditation body. In 2014 Doctors Hospital is proud to remain the only acute care health care facility in the Caribbean region to boast having this internat...

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FNM 'orchestrated' 8.3 million contract

The Ingraham administration "orchestrated" an $8.3 million contract for Telco Enterprises to construct an adolescent facility at Sandilands Rehabilitation Centre, despite a quantity surveyor's report which indicated that decision was an "unconventional recommendation", Minister of Labour and National Insurance Shane Gibson said.
Under the previous Christie administration, Telco Enterprises was awa...

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International panelists to speak at arbitration conference

The International Council for Commercial Arbitration (ICCA), one of the most esteemed professional bodies in the arbitration world, will host its biannual Congress in Miami from 6th - 9th April 2014. Ahead of the ICCA Congress, The Bahamas Bar Association, the Chartered Institute of Arbitrators (CIArb) - Bahamas Branch, the Ministry of Financial Services, The Bahamas Financial Services Board and ...

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