Sandals’ Ceo Stewart’s A Winner… Again!
Montego Bay, Jamaica; 9th November 2015; Sandals Resorts International’s Chief Executive Officer continued his award-winning year after being named Caribbean Personality of the Year at the International Caribbean World Travel & Living Awards.
In its 21st year, the International Caribbean World Travel & Living Awards have become the Oscars of the Caribbean, recognising excellence in Travel, Tourism and Real Estate throughout the region and is voted for by the magazine and its readers with special awards given by the magazine at its discretion. Previous years’ guests of honour include HRH Princess Katarina,
Sir Trevor McDonald OBE and Hollywood film producer Michael Winner.
“Being recognised by such an illustrious title such as Caribbean World and its readers is a tremendous honour for my team and I. At Sandals, we work hard to be the best, to be different and for people outside of our company to not just notice it but commend it is both deeply humbling and satisfying. We will we use this award, and others like it, as our inspiration to continue to set the bar for hospitality in the Caribbean and beyond.”
For Stewart, this latest accolade comes fresh on the heels of being named the Caribbean Hotel and Tourism Association’s Hotelier of the Year for 2015 last month as well as the Jamaica Hotel and Tourism Association’s Hotelier of the Year for 2014/2015 earlier in the year.
After almost a decade of Stewart’s stewardship, Sandals continues to follow a trajectory of exhilarating growth that has been marked with new resorts, new islands as well as industry changing innovation and development. Stewart’s leadership has transformed the all-inclusive concept to Luxury Included® resorts that offer guests levels of exclusivity never seen before. Aside from Stewart’s personal triumphs, it caps an extraordinary month that saw the company being named the World’s Leading Luxury All-Inclusive brand at the World Travel Awards last month. The company collected 17 awards in addition to receiving the notable recognition of Caribbean’s Leading Hotel Brand for the 22nd consecutive year.
The company has exciting plans afoot with 10 breath-taking new developments in the pipeline including new resorts and the entry into new territories in the Caribbean.
Three Days to NIB Rate Increase for 2023
By Dana Malcolm
#TurksandCaicos, March 29, 2023 – On April 1st, the second round of increases on contributions at the National Insurance Board will kick in for the Turks and Caicos workforce. Announced last year, the increases were instituted to keep the NIB from running out of money by 2027 as it services a population that is living longer with contributions that had not been increased in 30 years.
As the Government’s new financial year begins, increases at NIB will mean a higher cost for doing business and a higher cost for running the Government.
The private sector is expected to pay contributions at a rate of 11 percent on your taxable income. The hike is up from last year’s 10 per cent; six percent of which is to be paid by the Employer and five percent is to be paid by the Employee. For wages of $2000, this will mean a $200 improvement in income per month to the NIB. As for the burn on residents’ pockets, based on a minimum wage of $1200 monthly salary, that’s at least $60 dollars a month and $720 per year.
Public sector rates will move to 10.15 percent up from 9.15 per cent with the worker paying 4.575 per cent and the Government paying 5.575 per cent; that’s $54 a month and $648 a year at minimum wage.
The NIB rate as of April 1, 2023, will jump to 9 percent for self-employed individuals; For self-employed individuals at minimum wage, that is $108 dollars a month or $1296 per year.
As taxable incomes increase so will the contribution.
The increases follow a 2019 Actuarial review, undertaken every three years, which unearthed that the NIB was facing a dismal future, possible collapse. Contribution rates were growing at a rate much slower than NIB expenses, which included beneficiary payouts. On that trajectory, the NIB’s earnings would be eclipsed by its income by 2027, forcing the worker protection plan to draw down on money saved for economic shocks like Covid-19.
Unsurprisingly, this was deemed untenable, and an immediate increase was recommended.
Despite this scramble to boost earnings, the NIB has simultaneously increased payouts. Payouts for pensions, funeral grants, maternity grants and more will all attract bigger sums.
These incremental increases on contributions and payouts were all consultant recommendations, informed statements from the Board.
Work of NAECOB critical in ensuring high standards in education, says Minister Hanna-Martin
Bahamas Golden Jubilee Events Announced, Celebrations Across 33 Islands & Cays
#TheBahamas, March 27, 2023 – As the 50th anniversary of our nation’s independence approaches, Bahamians everywhere are teeming with excitement and expectancy around the year-long celebrations set by The National Independence Secretariat.
Yesterday, the Prime Minister joined H.E Leslia Miller Brice, Chair of The National Independence Secretariat to unveil the Calendar of Events for the 50th Independence celebrations.
The calendar comprises a host of events, initiatives and recommendations for celebrations throughout all 33 islands of The Bahamas.
At this jubilant occasion the PM stated, “Celebrating independence is about acknowledging the greatness around us, the greatness within us, and the greatness ahead of us.
We are Bahamians. That identity is special.”
View the newly released calendar of events here:
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