The Bahamas has not demonstrated it has a concrete plan to right-size its fiscal ship, leading noted Caribbean economist Marla Dukharan to consistently contend this country needs to enter an International Monetary Fund (IMF) debt restructuring program, in order to reduce the risk of defaulting on sovereign debt repayments, Fidelity Bank Chief Executive Officer Gowon Bowe said yesterday.
Labor shortages, along with the reluctance of Nassuvians to move to the Family Islands to work, has led the Department of Labour to consider issuing work permits to fill jobs on those islands, Minister of Labour and Immigration Keith Bell said yesterday. Bell, who made the remarks during an appearance on Morning Blend on Guardian Radio 96.9
Minister of Immigration Keith Bell is pushing for a three-strikes immigration law which would empower the director of immigration to fine violators for the first two breaches before that individual is taken to court and charged if there is a third violation. Bell suggested that taking every offender before the courts would be unrealistic because
The Bahamas National Statistical Institute (BNSI) is carrying out a post-enumeration survey in order to finalize data from a census that suffered very low household participation, especially because the census will be the base for the institute’s important labor force survey in May, BNSI Assistant Director Cyprianna Winters said yesterday. Winters, who made the remarks during an appearance on Morning
Minister of Economic Affairs Michael Halkitis said yesterday that the government is not interested in “declaring war” on any industry in the country, as lawmakers continue to contend with the insurance sector’s strong opposition to a shift in policy which places on consumers the burden of value-added tax (VAT) on health insurance claims. Health insurers claim this will cause