The International Monetary Fund (IMF), in their recent Article IV report on our country, noted that we have a bit of bloat in the public sector. Bloat to the tune of $70 million annually to our civil servants. The IMF further noted that we could save $200 million ANNUALLY via …
Speaking at the opening of the Abaco Business Outlook the Prime Minister, Perry Christie spoke of the enormous potential in Abaco's economy despite a variety of challenges that stand in the way.
During a visit to Baker’s Bay Golf and Ocean Club on April 23, Prime Minister Perry Christie announced that the Club would soon be creating over 250 jobs for Bahamians both in Abaco, and across the country.
The Abaco Chamber of Commerce along with the Chamber Institute, a Division of the BCCEC, conducted a VAT Workshop before about 200 people from across Abaco who came out to hear details regarding the implementation, registration and compliance of VAT for businesses.
During a presentation at the Abaco Business Outlook Robert Myers, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman, said that poor compliance caused by corruption, limited accountability and a lack of enforcement, has resulted in the Bahamian formal economy paying a disproportionate share of the country’s taxes.
During the Budget Communication in the House of Assembly in May the Prime Minister, The Right Honorable Perry G. Christie, stated that Abaco is poised to see some 1000 new job opportunities arrive over the next several years.
As he extended to his constituents and all Abaco best wishes for a prosperous New Year, Minister of Parliament for North Abaco and Parliamentary Secretary Renardo Curry said that things are looking up for 2014 and beyond for Abaco.
According to the Department of Marine Resources and local commercial fishermen, the 2013 crawfish season has been disappointing with some seeing as much as a fifty percent reduction based on last year’s opening. Assistant Fisheries Superintendent Wayne Cornish says while they don’t have an analysis of the crawfish season thus far as yet, he noted that from what he has heard and seen from fishermen in the Grand Cay area that there were very low returns during the first few weeks but they have since seen a slight increase in recent weeks.