Tidbits to Consider

Wednesday, September 3, 2003

Crime Hurting Bahamas Businesses

The economic impact of crime on the cost of living and competitiveness is staggering, a survey released Tuesday by a coalition of business organizations found. Petty crimes like employee theft and shoplifting, in particular, are having a significant adverse effect on businesses, the economy and... Sign in to see full entry.

Monday, September 1, 2003

Casinos Owe Government $20,000,000.00

Two casinos operating in The Bahamas collectively owe the government nearly $20 million in taxes, according to Gaming Board records obtained by the Bahama Journal. Those records show that the Wyndham Nassau Resort owes $10.9 million, while the Royal Oasis casino owes $8.5 million. The Atlantis... Sign in to see full entry.

Sunday, August 24, 2003

CSME Expert Says Free Movement Of Labour Is Essential

When he visited here last month, Prime Minister of Barbados Owen Arthur informed that the CARICOM Single Market and Economy is not an ‘all or nothing deal’, meaning The Bahamas does not have to agree to the free movement of labour article of the Revised Treaty of Chaguaramas. But another CSME expert... Sign in to see full entry.

Wednesday, August 20, 2003

CSME Takes Hold Around The Region

The Bahamas Government may still be formulating a position regarding the Caribbean Single Market and Economy, but around the region the much talked about agreement is finally taking form. By the end of this month, five categories of persons will be able to move and work freely within the Caribbean... Sign in to see full entry.

Thursday, July 24, 2003

Economic Recovery On Horizon [Bahamas Economy]

There is a “flicker of life” on the economic horizon, but the country is not totally out of the woods yet, Central Bank Governor Julian Francis told the Bahama Journal Thursday as he perused the latest figures on domestic economic developments released by the bank. “Despite some of the setbacks... Sign in to see full entry.

Friday, July 11, 2003

FTAA To Be Overhauled

Local negotiators for the Free Trade Area of the Americas agreement are awaiting the specifics of a move to scale back the proposed arrangement, which is scheduled to come into effect in 2005. The plan to unite the economies of the Western Hemisphere into a single free trade arrangement was... Sign in to see full entry.

Tuesday, June 24, 2003

Electricity Bills To Be Decrease

October 1 will be "an historic red letter day for all Bahamians" as it will mark the first time in the history of the Bahamas Electricity Corporation that the cost of electricity will be reduced to all of BEC's customers in New Providence, Paradise Island and the Family Islands, according to... Sign in to see full entry.

Gov't Owes Bahamians Millions

The government owes ordinary Bahamians millions of dollars for land acquisitions and court judgments and is pressed to meet those obligations, Prime Minister Perry Christie said in the House of Assembly as he wrapped up the marathon budget debate early Saturday morning. "So much land is in the... Sign in to see full entry.

Thursday, June 19, 2003

Revenue Collection Campaign - [Bahamas Budget]

Prime Minister Perry Christie is so intent upon the government hitting its $1 billion revenue collection mark during the next fiscal year that he has already made it a priority to assign additional collection officers to agencies like the Road Traffic Department and the courts to ensure that they... Sign in to see full entry.

Tuesday, June 17, 2003

Gov't Owed Millions In Casino Taxes

Already facing serious revenue shortfall concerns, the government is seeking to put in place appropriate measures to ensure that casino taxes are collected from delinquent operators, Minister of Financial Services and Investments Allyson Maynard-Gibson indicated today. The Hotel Corporation of The... Sign in to see full entry.

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