As of the end of March, the government has invested $47 million in the acquisition of the Grand Lucayan resort in Grand Bahama, the Ministry of Finance revealed in its “Nine Months Consolidated Fiscal Snapshot and Report on Budgetary Performance” report.
The government purchased the property
Deputy Prime Minister and Minister of Finance Peter Turnquest said yesterday that the government is holding firm on its position to collect revenue from those gaming house operators that have yet to comply with the new gaming tax structure.
“We do intend to pursue it to
The use of checks as a payment instrument continues to be eclipsed by electronic payment methods, declining by 4.2 percent last year after contracting by 3.5 percent the year before, according to The Central Bank of The Bahamas’ (CBOB) 2018 Annual Report.
The CBOB report explains
The National Tripartite Council has developed a white paper designed to move the government to produce productivity legislation.
The white paper describes the nation’s current state of productivity and paints a grim picture of a workforce that is inadequately trained.
“In the past four years, The Bahamas
I’ve coached and mentored a number of professionals – young and not so young alike – about their career moves or lack thereof. It is a reality that some leaders do not allow members of their team to reach the fullness of their potential for
Prime Minister Dr. Hubert Minnis said the murder of Royal Bahamas Defence Force (RBDF) Petty Officer Philip Perpall is a “terrible tragedy” and added that Bahamians must never forget the sacrifice and devotion of the country’s law enforcement officers.
“This is a terrible tragedy. Let us
Shadow Minister of Finance Chester Cooper said yesterday that the revelation that nearly one billion dollars in revenue must be collected in the last quarter of the fiscal year in order to meet budget projections indicates a failure on the part of the government.
A former Cabinet minister accused of corruption while in office will not go to trial until 2020.
Justice Carolita Bethel set a March 23 trial date during a status hearing yesterday.
Former Minister of Environment Kenred Dorsett, who served in the Christie Cabinet from 2012 to 2017,
The government has agreed to a $4.4 million voluntary separation package (VSEP) payout for the 91 managers at the Grand Lucayan resort, Tourism Minister Dionisio D’Aguilar said yesterday.
The resort employs 115 managers.
In October 2018, members of the resort’s management volunteered for the separation packages.
Former Governor General Sir Arthur Foulkes said yesterday that he was distressed at news of the murder of a defense force marine at Government House over the weekend.
He referred to the incident as a tragedy, and offered his condolences to the family of the victim.