05192022 NEWS AND SPORT

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‘TAX THE RICH’ Minnis: Charge wealthy property buyers and scrap breadbasket VAT By LEANDRA ROLLE Tribune Staff reporter lrolle@tribunemedia.net FORMER Prime Minister Dr Hubert Minnis yesterday suggested that the government increase taxes on wealthy property buyers and eliminate value added tax on breadbasket items to alleviate the burden on struggling Bahamians. Dr Minnis made the suggestion as he called for the Davis administration to place greater focus

on how it can better assist the Bahamian people rather than attacking the work done under his administration. His comments come amid soaring inflation in the country. Since assuming office last year, the Davis administration has been critical of the former government’s performance, often attacking its response to Hurricane Dorian and the COVID-19 pandemic. SEE PAGE THREE

‘DOUBLE DIGIT RISE’ IN VEHICLE REPAIR COSTS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

BAHAMIAN insurers yesterday warned they are examining “high double digit increases” in auto repair costs to determine if an increase in motor vehicle premiums is justified over the medium to long-term. Patrick Ward, Bahamas First’s president and chief executive, told Tribune Business that the carrier will avoid any “knee jerk reaction” through premium price hikes in the near-term as it explores whether the inflation and post-COVID supply chain

disruption driving higher repair costs are likely to be long lasting. Describing the increase in motor vehicle repair costs, and insurance claim payouts as “significant”, he had previously informed the BISX-listed property and casualty insurer’s shareholders that current inflationary pressures are “presenting operational challenges both in terms of pricing our products and adjudicating claims. However, we are taking proactive steps to mitigate the risks associated with each of these inflationary pressures”. FULL STORY - SEE BUSINESS

GETTING READY FOR THE ROAD THE MASQUERADERS team working on costumes for the upcoming Carnival weekend, with the Survival Weekend running from May 20-22, with the road parade on Saturday. See PAGE TWO for more photographs. Photo: Racardo Thomas/Tribune Staff

TEACHERS: USE WISDOM FIVE WEEKS OF RISING OVER SHUTTING SCHOOLS COVID CASES IN REGION By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net THE Bahamas Union of Teachers is “closely monitoring” the spread of COVID-19 in public schools, its president Belinda Wilson urging the

Ministry of Education to “utilise wisdom” as examinations get underway. According to Mrs Wilson yesterday, the union has noted an increase in positive virus cases on school campuses or cases involving SEE PAGE FOUR

By EARYEL BOWLEG Tribune Staff Reporter ebowleg@tribunemedia.net FOR the past five consecutive weeks the Caribbean has experienced a rise in new COVID-19 infections, according to Pan American Health

Organisation Director Dr Carissa Etienne yesterday. This has equated to a 9.3 percent raise in cases and a 49 percent increase in deaths. During a virtual press briefing yesterday, she SEE PAGE FOUR

$636,000 BUDGET FOR ROYAL VISIT By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net

THE government earmarked $636,194 to honour all expenses associated with their Royal Highnesses‘ visit to The Bahamas in March. However, as of Monday, May 16, approximately 96 percent or $625,186 of the money has been paid out. The payments were managed by the Office

WILLIAM, the Duke of Cambridge, with Governor General CA Smith during the Royal visit. of the Governor General in consultation with the secretariat.

A preliminary expenditure statement released by the government said the lion’s share of the funds went to New Providence vendors and businesses. That is $566,828.93 paid out in the capital, $50,063.92 to Abaco vendors and $18,107.15 paid out to Grand Bahama vendors. Over 100 individuals and businesses have been SEE PAGE THREE

Nassau & Bahama Islands’ Leading Newspaper

FRONT PORCH: DEMOCRACY IS THREATENED

- SEE PAGE EIGHT


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