NASSAU, BAHAMAS – While the National Health Insurance Authority (NHIA) has yet to determine the rate of the “sugary drinks tax” proposed for July 2019, NHIA Chairman Dr. Robin Roberts told Eyewitness News the authority will look to existing models in countries such as Barbados and the United Kingdom to help form its recommendations to […]
NASSAU, BAHAMAS – The hassle of having to find the correct change to give a bus driver will soon come to an end as some 12-15 busses will be outfitted with a cashless system that would allow riders to use top-up cards. The change is expected to come on stream for several bus routes in […]
The Ministry of Finance is inviting retail shoe and clothing merchants to take advantage of the customs duty waiver that is available to businesses to reduce the cost of importing goods. Since the policy was announced in July, with the start of the 2018/2019 budget year, the Ministry of Finance granted waivers to 154 applicants. […]
The Bahamas Insurance Association (BIA) continues to question the proposed two per cent tax on salaries to fund the National Health Insurance Scheme expected to go into effect next year. Deputy Chairperson, Tina Cambridge said the potential of the program remains at a “wait and see stage” as there has been limited consultation with private insurers. […]
The government’s decision to temporarily increase the value-added tax (VAT) exemption for electricity bills will do very little on easing the burden of high electricity costs, according to President of The Bahamas Electrical Utility and Managerial Union (BEUMU) Paul Maynard. Prime Minister Dr. Hubert Minnis announced in Parliament Wednesday that government intends to temporarily raise […]
Prime Minister Dr. Hubert Minnis said the Bahamian economy is turning around economically. He also touted that job creation, strengthening the economy and improving the environment for businesses are top priorities of his administration. The prime minister’s comments came while officially opening the Securities Commission of The Bahamas Public Companies Forum at the British Colonial […]
Bahamas Power and Light (BPL) said it unequivocally denies the “erroneous” rumours of a 70 per cent increase in electricity rates. “We have no intention of increasing the price of electricity for the Bahamian people by 70 per cent,” outlined a statement released by BPL last night. “Further, BPL does not have the authority to […]
With Christmas just six weeks away, many persons are hoping to exchange gifts, renovate their homes, and simply indulge a little as they celebrate the season. And in an effort to ensure that the season is not only merry but also stress-free – especially after the festivities come to an end – Financial Analyst Ava […]
Electricity bills at Bahamas Power and Light(BPL) have risen in some instances to 70 per cent, according to BPL Chairman Donavan Moxey. In a recent exclusive interview with Eyewitness News, Moxey admitted that costs will continue to climb until the summer of 2019. “The bills now have jumped significantly, my own personal bill has increased […]
Described as modern day economic slavery, lending institutions with high-interest rates prey on the working class – many of whom are government employees with the ability to get salary deductions. Eyewitness News explores the issue as more and more Bahamians find themselves sinking into consumer debt.
The Bahamas Insurance Association (BIA) is concerned that the proposed annual $1,000 National Health Insurance premium “is a gross underestimation of realistic premiums to cover the conditions which are common among Bahamians.” In the Policy Paper for the new NHI, the National Health Insurance Authority said the new program will provide comprehensive coverage for select […]
Having been placed on the United Kingdom’s watch list for money laundering, Minister of Finance K. Peter Turnquest stressed that the model of blacklisting and watch listing is causing disproportionate and unjustifiable harm, and it is time to create a better way for international cooperation. In fact, Turnquest said Governments in the region are not […]
