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BAHAMAS: Ministry of Finance Eyes More Aggressive Push on Ease of Doing Business

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#Nassau, November 9, 2018 – Bahamas – Ministry of Finance spearheads inter-agency working group working group to aggressively push forward ease of doing business initiatives

Following the Prime Minister’s mandate to make ease of doing business a top priority for the Government, the Ministry of Finance is spearheading an inter-agency working group to make business faster, cheaper and better in The Bahamas.

The incremental move in the latest World Bank Ease of Doing Business ranking is a welcomed sign that the Government’s initiatives are reaping benefits.  However, the target for the inter-agency working group is to see at least a 15% increase over the next few years, not just a 1% increase in the rankings.

The assessment undertaken by the World Bank is conducted every year based on ten focus areas that affect the life of a business.  The specific indices that are tracked and scored by the World Bank include the following: starting a business, dealing with construction permits, getting electricity, registering property, having an effective credit rating and tracking system, protecting minority investors, paying taxes easily, trading across borders, enforcing contracts and resolving insolvency.

“Ease of doing business is a serious issue that has support and attention at the highest levels of government.  At the Ministry of Finance, we spearhead the inter-agency working group that is focused on driving change across government based on the focus areas assessed by the World Banks’ Global Ease of Doing Business Ranking,” said K. Peter Turnquest, Deputy Prime Minister and Minister of Finance.

The group consists of representatives from the Ministry of Finance, the Office of the Prime Minister, the Office of the Attorney General, the Department of Inland Revenue, the Customs Department, the Department of Public Works, the Central Bank of the Bahamas, the Registrar General’s Office and the Securities Commission.

“The ultimate test is whether people feel the impact of the changes on the things that matter most to them, but we are also using the global ranking as a benchmark because it uses objective and quantifiable measures of progress and it assess our performance against 190 economies across the world.  Internally, our working group is employing a data-driven approach to tracking progress and decision making, modeling this best management practice for government,” said Minister Turnquest.

“We started this project several months ago. And as the New Year unfolds, we will be rolling out a number of significant initiatives that will have a positive impact on the daily lives of businesses and help us to continue our climb on the global ranking list,” said Minister Turnquest.

Bahamian businesses have to interact with the Government on a daily basis to trade goods across the border, to pay taxes, to apply for various approvals, and a wide range of transactions.  The Ease of Doing Initiative of the Government is not just focused on the elements scored by the World Bank.  It is also paying necessary attention on making all business and customer interactions with government easier, faster and better.

“We plan to alleviate frustration around the lengthy time it takes to start a new business; the time it takes to get a construction permit; the hoops you have to jump through to access credit, among other priority areas.  There are certain structural changes that have to take place to advance these efforts fully, but there are also short-term steps we can and will take early in the New Year to relieve some of these pain points,” said Minister Turnquest.

“Simple changes such as improving the flow of communication between government service providers and the public; or digitizing processes such as applying for a revenue exemption or applying for a construction permit,” Minister Turnquest continued.

The public will hear more about the Government’s plans and will be invited to provide feedback on the various initiatives.

 

Press Release: Ministry of Finance.

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U.S. Bird Flu outbreak to drive Poultry prices up says Super Value owner

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Rashsed Esson

Staff Writer 

Bird Flu has been detected in domesticated birds in the US and now reports are saying in the next few months, chicken and turkey will more than likely be off the shelves as a result.

Bahamas supermarket mogul, Rupert Roberts, as owner of Super Value and Quality Supermarkets, is featured in a report by Guardian Business giving a frightening forecast. He fears poultry products will be wiped out.

This he says is scary.

He adds that suppliers are not saying much if anything at all, but are expecting this outcome worldwide.

The bird flu was found in chickens in Texas and Michigan, said media reports which also said one person was infected, as well as other livestock.

In response to the outbreak, the largest egg producer in the US, CalMaine Foods, temporarily stopped egg production in Texas and started executing over 1 million hens and 337 thousand chicks.

Despite this, Roberts reportedly said chicken and turkey supplies are safe for now. The Bahamas imports its turkey from Brazil, which Roberts hopes will grow to become the country’s main supplier.

However, the unfortunate outcome is that poultry prices are set to go up according to Roberts, as the small island nation competes with giant economies like China for poultry products.

 

 

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Minister LaRoda: Disability inclusion is an ‘overarching goal’ of the Administration

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National Commission for Persons with Disabilities (NCPD) Commissioners, group photo, from left: Craig Delancy, Geneva Cooper, Maxine Stubbs, Kendrick Rolle, Minister Myles LaRoda, Chairperson Nalini Bethel, Jerome Thompson, and Gillian Bethel. (BIS Photos/Anthon Thompson)

NASSAU, The Bahamas – The Government of The Bahamas supports and embraces persons with disabilities and will continue to ensure that the requirements of the Persons with Disabilities (Equal Opportunities) Act (2014) are enforced through positive and continuous actions, inclusive of new amendments to the Act, Minister of Social Services, Information and Broadcasting, the Hon. Myles K. LaRoda said Thursday.

The year 2024 marks the tenth anniversary of the passage of the Act which was implemented to end discrimination against persons with disabilities as well as promote their rights and provide equal opportunities, amongst other provisions.

Mr. LaRoda said “disability inclusion” is an overarching goal of the Davis Administration. He was addressing the fifth in a series of ‘Let’s Talk Disability’ Town Hall Meetings hosted by the National Commission for Persons with Disabilities – two each in Andros and Long Island, and one in New Providence.

The Minister of Social Services, Information and Broadcasting expanded upon the significance of disability inclusion – in action.

“Inclusion, in action, is the demonstration that we, in The Bahamas, are an inclusive society and that we celebrate and encourage persons with disabilities in the same way as we do others,” Minister LaRoda said.

“We are no different than other countries with regard to the range of disabilities which include physical, behavioural, emotional, sensory, neurological and developmental. As a country, we must focus on the role that we, the community, must play as it relates to persons with disabilities, recognizing that there should never be a distinction between one member of society over another. Disability Inclusion is an overarching goal of countries across the globe.”

Mr. LaRoda said “unfortunately,” people living with disabilities are still often marginalized and are seen as outsiders in the communities.

“But my Ministry and its partners are making every effort through events such as these Town Halls to correct this gross misconception and stereotypical belief.”

He told Persons with Disabilities, their families, friends, and advocates attending Thursday evening’s Town Hall Meeting (held at the Cleveland Eneas Primary School) that they too have a role to play.

“This also means that you too have a responsibility to share with us and to let us know how we might improve the quality of your life; let us know instances of unfair treatment or discrimination; let us know when our service to you needs to be improved. After all, we are the Ministry of Social Services and we are here to serve you and to understand how we might serve you better.

“Today, we address the concerns of this community in New Providence and I urge you to take this opportunity to voice your concerns to those who work every day, promoting the rights of Persons with Disabilities and celebrating them.”

Minister LaRoda said embracing the needs of the community of persons with disabilities “shows that we are serving in very pragmatic ways.”

He pointed to the efforts undertaken by corporate entities such as ALIV, NAD, Rotary, the Chinese Embassy and others, whom he said demonstrate, by their actions, that there is a serious attempt at inclusion.

“ALIV for example worked with the Ministry of Public Personnel to employ some 20 persons with Disabilities; NAD initiated the Sunflower Lanyard for hidden disabilities and continues to initiate trailblazing programs to ease travel conditions on behalf of persons with disabilities. Rotary consistently provides wheelchairs to the physically disabled as does NCPD, and with donations from the Chinese Embassy, we were able to donate educational toys and devices, hearing aids and other items.

“We are so very grateful for such corporate partnerships as it is important that the community is embraced at both a public and private level so that persons with disabilities can feel valued, respected, and supported. We welcome with open arms other corporate entities that may wish to become partners in this cause to improve the lives of those who live with a disability,” Mr. LaRoda added.

 

 

 

 

 

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Growing Focus on Internationalization in Higher Education

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Rashaed Esson

Staff Writer

Nassau, THE BAHAMAS — In a dynamic global society where work colleagues are often not in the same building, or territory, University of The Bahamas students are taking advantage of growing opportunities to study abroad and forge new scholarly relationships with peers around the world while earning their degrees at home.

Central South University (CSU) in Changsha, Hunan, People’s Republic of China, recently became the latest partner institution, paving the way for students and faculty of UB and CSU to explore new vistas of scholarship and research. A Memorandum of Understanding (MoU) signed on Wednesday, 24th April formalized the relationship. It was one of several partnership initiatives solidified between the two countries.

President (Acting) of UB Janyne Hodder emphasized the significance not only to a growing relationship but in advancing the strategic priorities of UB.

“Internationalization is a key pillar of our current strategic vision, one in which we attract great students and great faculty to our campus and also offer them opportunities to explore the world beyond our shores,” said President Janyne. “In turn, we very much want to increase opportunities for the broader world to experience The Bahamas, opportunities for visiting students, faculty, and researchers to expand their own global outlooks by forging study, research, and scholarship partnerships with us.

“It is through such exchanges that bonds of friendships and understanding are formed, that cross fertilization of ideas are made possible, and that we are all made better and wiser.”

Through the five-year agreement, both institutions will explore potential collaborations in mutually-agreed areas like exchanges among faculty, staff, students, and researchers; jointly-held international academic conferences; and information exchange via books, academic materials, journals, and scientific publications.

CSU Executive Vice President and Dean of CSU’s Xiangya School of Medicine, Dr. Xiang Chen, said with the agreement came the first step towards a bright future of collaboration between both institutions.

“We’re very glad to be here to sign a cooperation memorandum with the president, and I believe there’s broad room for us to cooperate with each other in the fields of education, healthcare, and other sectors,” said Professor Xiang. “And, we want to make more efforts to open a new chapter of the higher learning cooperation between the two sides.”

Minister of Education and Technical & Vocational Training, the Hon. Glenys Hanna Martin called it the latest manifestation of the harmony and goodwill that exists between The Bahamas and the PRC, which has been 27 years in the making. Less than two years ago, the Government of The Bahamas formalized three agreements with the People’s Government of Hunan Province to enhance synergy.

“We are truly appreciative and value this relationship that has a history, but is being strengthened by the signing of this MoU,” said Minister Hanna Martin. “I am very, very pleased at this collaboration between the Commonwealth of The Bahamas and the People’s Republic of China, particularly as it relates to the universities.

“We believe that some really good things are going to come out of this, and we intend to capitalize on it. And we hope you (PRC and CSU) capitalize on it, and we look forward to an ongoing, strengthened, productive, successful relationship between the two universities.”

Governor of Hunan Provincial People’s Government, His Excellency, Mr. Mao Weiming, echoed similar sentiments.

“(This) is a testament of the friendly exchanges between CSU and UB, but moreover, it’s a very important move of the cooperation between Hunan and The Bahamas in various fields, and also it’s a concrete cooperation that will deliver true benefits to all the people,” said Mr. Mao.

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