While the government has begun its social policy move of reducing customs duties on some of the most imported items into The Bahamas, in order to bring relief to Bahamians of lesser means, the move to reduce tariffs is also in line with the country’s
NZIA Limited’s Chief Executive Officer Jay Joe was adamant yesterday about the need for Bahamian entrepreneurs and tech startups to be at the forefront of Project Sand Dollar, the Central Bank of The Bahamas’ (CBOB) digital fiat currency project.
NZIA has already started to scope the
The Central Bank of The Bahamas (CBOB) yesterday formally launched its engagement with NZIA Limited, putting the pilot project in action for Project Sand Dollar, the country’s first digital fiat currency.
The pilot project will first be rolled out in Exuma before being extended to other
The government’s move to accrual-based accounting is ramping up this fiscal year, Acting Financial Secretary Marlon Johnson told Guardian Business yesterday, adding that consultants that have helped countries make the transition from cash to accrual-based accounting systems will be on the ground shortly to help
An overwhelming majority of Bahamas Hotel Catering and Allied Workers Union (BHCAWU) members yesterday voted to strike after continued difficulties in negotiating a new industrial agreement with their employers.
The members who took part in the vote were employees of the Atlantis, the Reef, the Cove, Harborside
While the government is determined to pay $3 million in the 2019/2020 budget toward the $39 million owed for obligations to BTC after its 2011 sale to Cable & Wireless Communications (CWC), Acting Financial Secretary Marlon Johnson said yesterday that an actuarial analysis has to be
While some tax revenue from the gaming houses has yet to be collected, Acting Financial Secretary Marlon Johnson said yesterday that the government is confident that it will collect all of the funds owed by the end of the year.
“In this new month, we will have the
A 37-year-old drug courier who was caught smuggling 10 pounds of cocaine from Suriname was yesterday jailed for two years.
Lucas Lewis, of Frobisher Drive, Freeport, Grand Bahama, pleaded guilty to charges of possession of dangerous drugs with intent to supply, conspiracy to possess dangerous drugs
Deputy Prime Minister Peter Turnquest and Acting Financial Secretary Marlon Johnson yesterday sought to defend the government’s $240 million revenue shortfall, insisting that those projections are merely projections and the main thing to consider should be decreasing the deficit.
“One of the things I think is
The government expects to collect nearly $18 million in revenue from work and resident permit fees during the 2019/2020 fiscal year.
The projected collection is a more than $11 million increase from the $6 million forecasted during the 2018/2019 fiscal year.
When asked about the increase, Minister