{"id":25856,"date":"2012-09-20T09:16:57","date_gmt":"2012-09-20T13:16:57","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=25856"},"modified":"2012-09-20T09:17:04","modified_gmt":"2012-09-20T13:17:04","slug":"government-playing-favourites-with-business-sector","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/09\/government-playing-favourites-with-business-sector","title":{"rendered":"Government Playing Favourites With Business Sector"},"content":{"rendered":"<figure id=\"attachment_25857\" aria-describedby=\"caption-attachment-25857\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-25857\" title=\"favoritism-plp\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/09\/favoritism-plp.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/09\/favoritism-plp.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/09\/favoritism-plp-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-25857\" class=\"wp-caption-text\">PLP playing favourites<\/figcaption><\/figure>\n<p>Rick Lowe, of the Nassau Institute, in a letter to Tribune Business questioned why the Government should pick Bahamian manufacturers to \u201cwin\u201d over other sectors by restoring their never-ending import duty exemptions.<\/p>\n<p>He also questioned how long an industry remained \u2018infant\u2019, noting that the former Ingraham administration\u2019s decision to graduate Bahamian manufacturers from the Industries Encouragement Act after a period of five years &#8211; to paying 10 per cent duty on raw materials and equipment &#8211; was totally reversed by the new government.<\/p>\n<p>\u201cWhat makes light manufacturing any different than other industries that they are entitled to \u2018incentives\u2019 and other industries are not?\u201d Mr Lowe asked.<\/p>\n<p>\u201cAs has been shown with this about face by the incoming government, when policies like this are adopted they become political fodder for all involved, and in many instances additional \u2018incentives\u2019 are found \u2018necessary\u2019 that only create more dependency on bailouts and handouts.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An executive with a well-respected Bahamian economic think-tank is questioning why the government favours manufacturers over other industries by giving them incentives not available to others.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[153,40,60],"class_list":["post-25856","post","type-post","status-publish","format-standard","hentry","category-business","tag-business-2","tag-government","tag-plp"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/25856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=25856"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/25856\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=25856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=25856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=25856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}