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Prime Minister Philip Davis announced in a press statement yesterday evening that a rate increase for the National Insurance Board (NIB) will take place in July 2024, but did not reveal the amount of that increase. In the nearly 50 years since NIB was established, it has only had one increase and that was in
If there is no increase in the National Insurance Board (NIB) contribution rate this year, the National Insurance Fund would lose $95 million, a Cabinet minister warned yesterday. Myles LaRoda, minister of state in the Office of the Prime Minister who has responsibility for NIB, said his intention is not to shock Bahamians, but there
Free National Movement (FNM) Leader Michael Pintard yesterday chided Prime Minister Philip Davis for contradicting minister with responsibility for the National Insurance Board (NIB) Myles LaRoda over the important policy decision regarding the future of NIB and whether a rate increase is on the way to save the social security fund from depletion in several
Prime Minister Philip Davis and his government are tasked with addressing a series of crises confronting the country. The one that has broad impact is the inflation crisis. Davis has faced challenges in determining how to bring relief. The fuel charge increase for Bahamas Power and Light (BPL) customers, and an issue with merchants regarding
Although it is enjoying positive reviews by Bahamians so far, the Davis administration has been mainly focused on good public relations since coming to office last September, former Prime Minister Hubert Ingraham said. Aside from reducing value-added tax (VAT) from 12 percent to 10 percent, the administration has not done anything major and has been