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EDITORIAL: What the Budget did not say
WHEN taking the time to sit down and examine yesterday’s Budget communication by Prime Minister Philip “Brave” Davis, it is as important to look at what was not said as much as what was.
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Gov't near-tripling cruise departure tax to $145m
The Government is aiming to near-triple revenues earned from departing cruise passengers to $145m in the 2023-2024 Budget via a series of new and increased fees, it was revealed yesterday.
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'Throwing darts': PM pledges 'decisive action' on Freeport
The Prime Minister's decision to put the Grand Bahama Port Authority's (GBPA) owners on notice that he plans to take "decisive action" to halt Freeport's two-decade decline yesterday provoked mixed reactions from residents and politicians.
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Despite no new taxes, several new and adjusted fees announced
ALTHOUGH no new taxes will be introduced in the upcoming fiscal year, the Davis administration tabled bills in the House of Assembly yesterday that would increase fees for some services.
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DEREK SMITH: How social responsibility is affecting financial institutions
In recent years, environmental, social and governance (ESG) factors have become increasingly important for financial institutions. The ESG approach goes beyond traditional financial metrics, instead focusing on sustainability, responsible investment and ethical practices. This article aims to explore two negative, and two positive, aspects of ESG and how it can impact financial institutions.
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What do patrols accomplish?
Greetings and thank you for the opportunity being afforded me, to make these several points for contemplation, analysis, accuracy and correctness, I appreciate it.
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Centreville Primary ‘plays tennis’ for fourth week
CENTREVILLE Primary School students have made great strides since partaking in The Bahamas Lawn Tennis Association’s (BLTA) Play Tennis programme for the spring session.
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Bahamas Karate Championships get underway on Saturday
THE Bassai Bahamas Karate-Do will host the second edition of the open karate tourney this weekend at the Kendal G L Isaacs Gymnasium.
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Anouk Formige, of Mariposa Stables, receives the D’Aguilar Trophy for the Overall High Point Rider …
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Ella Saidi, winner of the Junior Sportsmanship Award, is presented with the Pyfrom Floating Trophy …
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What happened in London won’t stay in London
IF readers permit, I would like to write a ‘part 2’ to my note on the coronation, offering reflections on the impact on the Coronation week, and its lasting impact for the UK and The Bahamas.
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Boating industry watches for VAT yacht charter ease
A former Association of Bahamas Marinas (ABM) president says the industry is "eagerly" waiting to see if the VAT on yacht charters is adjusted in today's Budget as he blamed its imposition for a 20 percent gross revenue fall at his business.
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The Budget Communication – as it happened
Prime Minister Davis says the Budget aims to strengthen national security, economic security and the lives of people of The Bahamas. He says the global economy is showing signs of improvement although there is still much work to be done to recover from recent challenges. He adds that average consumer prices rose in the US by eight percent, while policy rate of interest has been raised ten times, driven primarily by rising inflation. He highlights the effects on The Bahamas in terms of higher borrowing costs.
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FTX chief’s fate lies in Bahamas’ hands
THE FATE of embattled FTX chief, Sam Bankman-Fried, rests in The Bahamas’ hands in determining how many criminal charges he will ultimately face over the crypto exchange’s multi-billion dollar implosion, it was revealed yesterday.
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Lawyer for police ‘looks to quash’ Azario ruling
NATIONAL Security Minister Wayne Munroe said yesterday that the lawyer of the police officers involved in the killing of Azario Major had asked the Supreme Court to quash the finding of a Coroner’s Court inquest.
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Ras Delancy named Player of the Year
Ras Jesse Delancy, in completing his sophomore year at Benedict College, added another feather to his cap when he was selected last week as the 2023 Division II National Player of the Year.
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Denisha caps off fantastic year with NCAA Division II track & field title
VERSATILE Denisha Cartwright capped off another fantastic year at Minnesota State by adding another NCAA Division II Track and Field Championships title and a pair of five finishes to her résumé over the weekend.
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FACE TO FACE: Sir Franklyn Wilson & Sean McWeeney discuss The Bahamas’ 50th Independence
IN the very room where young college and university students brought political leaders together to debate prior to Bahamian Independence, two of these former youth leaders sat on a stage more than 50 years later to talk about the ideals that led to the formation of a new Bahamas.
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Darville says construction to soon start on nine climate-friendly clinics
CONSTRUCTION will soon begin on nine new “climate-friendly” clinics that will serve as hurricane shelters, Health and Wellness Minister Dr Michael Darville said.
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Cruise port's chair eyes 'missing 10%'
The chair of Nassau Cruise Port's ultimate parent says he is "90 percent-plus satisfied" with its $322.5m transformation as he waits to see it drive increased visitor spend and more passengers exiting their vessels.
