We are utterly dumbfounded that in the three weeks since Prime Minister Philip Davis announced that the government is reducing the profit margin on price-controlled drugs, and is expanding the list of items in the breadbasket, the Davis administration has failed to reach a compromise with the Bahamas Pharmaceutical Association and the Retail Grocers’ Association,
After receiving no response from the government over its proposal to changes to the price control list, the Bahamas Pharmaceutical Association (BPA) yesterday advised its members across the country to temporarily close their doors starting today. Minister of Economic Affairs Michael Halkitis confirmed yesterday that the government will begin enforcing those changes to the price
Despite the government’s recent announcement that new price control changes will take effect tomorrow, the Bahamas Pharmaceutical Association (BPA) has written Minister of Economic Affairs Michael Halkitis insisting that “new price control regulations specific to the pharmacy sector are untenable and not sustainable for the sector to operate for any length of time”. The association
The Retail Grocers’ Association is asking the government to consider further alleviating the burden on the most vulnerable in The Bahamas by eliminating the 10 percent value-added tax (VAT) on breadbasket items. That recommendation is included in a proposal the association sent to the prime minister on Wednesday, as grocers continued their objection to the