Business
Small Businesses Brace For NIB Rate Hike
NASSAU, BAHAMAS – Come July 1, the country will see a 1.5% increase in the NIB contribution rate.
NASSAU, BAHAMAS – Come July 1, the country will see a 1.5% increase in the NIB contribution rate. To understand the real-world implications, we spoke with two small business owners.
Dominique Hanna, chef and owner of Fine Foods Catering and Hanna Hospitality, says added expenses couldn’t come at a worse time.
Natajiah Miller, general manager of Embrace Resort, a seven-villa boutique resort in Staniel Cay, Exuma, says they are not looking forward to the increase.
While the intention behind the NIB rate increase may be to bolster the sustainability of NIB, its immediate impact on small businesses cannot be overlooked.
Tracking Viruses Better: New National Reference Lab Opening Soon
Tourism Minister Mum on Grand Lucayan Development
NASA Readies First Crewed Mission to the Moon in More Than 50 Years
Israel Passes Death Penalty Law for Palestinians Convicted of Lethal Attacks
Trump Issues New Threat to Iran if Ceasefire Isn’t Reached Soon
St. George’s High Dominates National Arts Festival Awards With Top Honors
Daddi Whites Convicted of Damaging Girlfriend’s Car During Domestic Dispute
Bail Granted to 27-Year-Old Man Accused of Inappropriately Touching Teen
Man Convicted of Stealing Two Gas Tanks from Oku at Venetian Village
Cuba to Receive Sanctioned Russian Oil Tanker
At Least 70 People Dead After Gang Attacks on Town, Activists in Haiti Say
RBPF Legal Department is “Second to None,” Says Director
Tracking Viruses Better: New National Reference Lab Opening Soon
Tourism Minister Mum on Grand Lucayan Development
NASA Readies First Crewed Mission to the Moon in More Than 50 Years
Israel Passes Death Penalty Law for Palestinians Convicted of Lethal Attacks
Trump Issues New Threat to Iran if Ceasefire Isn’t Reached Soon
St. George’s High Dominates National Arts Festival Awards With Top Honors
-
Court21 hours agoDaddi Whites Convicted of Damaging Girlfriend’s Car During Domestic Dispute
-
Court21 hours agoBail Granted to 27-Year-Old Man Accused of Inappropriately Touching Teen
-
Court21 hours agoMan Convicted of Stealing Two Gas Tanks from Oku at Venetian Village
-
Regional22 hours agoCuba to Receive Sanctioned Russian Oil Tanker
-
Regional22 hours agoAt Least 70 People Dead After Gang Attacks on Town, Activists in Haiti Say
-
National3 days agoRBPF Legal Department is “Second to None,” Says Director
-
Sports2 days ago“That Set a Fire in Me”: Zion Davis Commits to Alabama
-
National2 days agoNPEP Launches First National Corporate E-Waste Certification Framework