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Volume: 120 No.111, June 13, 2023
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HOTELS SUPPORT INCREASE IN NIB By LETRE SWEETING Tribune Staff Reporter lsweeting@tribunemedia.net
HOTELS are in full support of an increase to the contribution rate for the National Insurance Board planned for next July, according to Robert Sands, the Bahamas Hotel and Tourism Association’s president. Last week, Prime Minister Philip “Brave” Davis announced in a press statement that the contribution rate for NIB would rise for the first time since 2010, when it rose from 8.8 percent to 9.8 percent. He added that the increase would be accompanied by improvements to NIB’s service delivery, accountability, compliance efforts, and sustainability. However, the statement did not reveal the amount of the increase. Mr Sands, who spoke to reporters yesterday, said: “The hotel industry supports an increase. “We believe an investment in our social security programme is an extremely important element about the safety net of persons who have contributed to the plan for a long period of time and we would like to see it improved and not meet its
PM views aftermath of Exuma flooding
By EARYEL BOWLEG Tribune Staff Reporter ebowleg@tribunemedia.net PRIME Minister Philip “Brave” Davis said he was pleased there was no loss of life after parts of Exuma suffered severe flooding. Mr Davis was speaking yesterday as he led a government delegation to examine the aftermath of the flooding. He said: “What we recognise here again is a consequence of climate change. It is evident for why it is
important for us to ensure that the world appreciates that the consequences of climate change does to our country such as ours.” He revealed there was recently a vulnerability study done for each of the islands of The Bahamas. Education Minister Glenys Hanna-Martin said schools were closed yesterday as roads leading to schools were impassable. “I’ve brought with me our SEE PAGE TWO
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PRIME Minister Philip ‘Brave Davis’ yesterday speaks with a resident of Exuma while he and a delegation viewed the impact of recent flooding on the island. Photo: OPM Communications
BAHAMIAN BUSINESSES NOT READY FOR STORMS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net BAHAMIAN businesses have warned that commerce on islands hit by future Dorian-type natural disasters will almost completely shutdown with this nation forecast to be the worst-impacted of major Caribbean territories.
The Inter-American Development Bank (IDB), in its Caribbean quarterly bulletin, revealed that just one percent of Bahamian business owners believe they will be able to “remain open for business” following a natural disaster such as a hurricane, tying the country with Barbados as the worst. FULL STORY - SEE BUSINESS
AtlAntis VP sAys RCi AddRessed ‘some ConCeRns’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A SENIOR Atlantis executive yesterday said Royal Caribbean has “addressed some of our concerns” about the impact its project will have on Paradise Island’s coastline but the mega resort will “certainly” be submitting more questions. Vaughn Roberts, Atlantis’ senior vice-president
VAUGHN ROBERTS, Atlantis senior vice-president of government affairs and special projects, told Tribune Business that the
cruise giant’s $100m Royal Beach Club development is “clearly taking shape” after taking several of the issues raised by the resort and other observers into account. Describing last week’s second public consultation as “just a step in the process” that Royal Caribbean has to follow to obtain the necessary environmental approvals, he declined to comment when asked by FULL STORY - SEE BUSINESS
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