National
GB Chamber of Commerce Weighs in on NIB Rate Hike
GRAND BAHAMA, BAHAMAS – The threat of an increase at the National Insurance Board looms. The island’s Chamber of Commerce President, John Carey, says there remains some confusion, adding that more consultation with the business community is needed.
GRAND BAHAMA, BAHAMAS – The threat of an increase at the National Insurance Board looms. The island’s Chamber of Commerce President, John Carey, says there remains some confusion, adding that more consultation with the business community is needed.
On Tuesday, Minister responsible for NIB Myles Laroda said if NIB doesn’t see a rate increase this year, then the fund will lose $95 million.
It has been reported that cabinet agreed to a 1.5 percent increase that is expected to take effect July 1.
There has only been one NIB rate increase and that was back in 2010.
Carey says it’s never a good time for contributions to go up.
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Court1 day agoRBDF Officer Charged With String of Armed Robberies
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Court2 days agoSecond Suspect Charged With Murder of Reserve Inspector Lernex Williams
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Court2 days agoMan Accused of 12-Year-Old Ariel Moxey’s Rape and Murder to Stand Trial Next Month
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