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Thompson blasts PLP’s economic plan as “self-serving populist politicking” NASSAU, BAHAMAS — Minister of State for Finance Kwasi Thompson yesterday blasted the Progressive Liberal Party’s (PLP) pledge to reduce value-added tax (VAT) from 12 to 10 percent for 12 months as “irresponsible”, stating that such a move would lead to dramatic revenue falloff in excess of $100 million. Thompson said in a statement: “It is regrettable that the opposition would use a matter as serious as our fiscal and economic health to choose to engage in rank populist politicking. They will say anythi...

PM Minnis, Keynote Speaker at Bahamas Business Outlook 2021 By Staff1 / in IN FOCUS, In The News: / on Thursday, 14 Jan 2021 07:20 PM / Comments Off on PM Minnis, Keynote Speaker at Bahamas Business Outlook 2021 / 1718 Prime Minister, the Most Hon. Dr. Hubert Minnis, was the keynote speaker during the opening session of the Bahamas Business Outlook on Thursday, January 14th, 2021, where he spoke about government incentives and assistance initiatives for businesses within the country, along with intended efforts to continue with a number of national infrastructure projects, ...

Minister of State for Finance: It Will Become Easier to Interact with Government because of its Focus on Digitization Nassau, The Bahamas - Minister of State in the Ministry of Finance Sen. the Hon. J. Kwasi Thompson stated that it will become easier to interact with the Government because of its focus on Digitization.  “The work at the Passport office, which has been getting rave reviews for simplifying and digitizing the passport renewal process, is an indication of what is possible,” Sen. Thompson said during a press conference, Monday, December 21, 2020, at the Ministry ...

Minister of State for Grand Bahama Kwasi Thompson. (FILE PHOTO) NASSAU, BAHAMAS — The government has acknowledged the need to develop local talent to support its tech hub ambitions, according to Minister of State for Finance Kwasi Thompson, who noted that an arrangement with US-based networking solutions giant Cisco would result in training for 100 local programmers. Speaking at the signing of a memorandum of understanding (MoU) yesterday, Thompson said: “One of the things we realized in this process was that tech companies go where talent is, and one of the things we have to do is...

Bahamas Technical and Vocational Institute (BTVI) President Dr Robert Robertson. NASSAU, BAHAMAS — While traditional enrollment is down about 22 percent, non-traditional enrollment at the Bahamas Technical and Vocational Institute (BTVI) is up, according to its president, Dr Robert Robertson. Robertson, who was speaking at the signing of a memorandum of understanding (MoU) between the Ministry of Education and US-based networking solutions giant Cisco, noted that job security amid the pandemic has driven many to seek technical skills training. “Our traditional student enrollment is...