Story
NIB rate hikes every two years
A Cabinet minister last night warned employers and workers to brace for a series of rolling National Insurance Board (NIB) contribution rate increases every two years with the first hike to be split equally between the two.
Story
Social services reform key to healing country
Social services play a crucial role in nurturing our nation's most valuable asset: Its citizens. Currently, the well-being, health and standard of living of Bahamians are subjects of great concern. We have yet to fully tackle the challenges of accessibility for child protection services, raising awareness about mental health and revitalising social welfare programmes.
Story
Bahamas First unveils Cayman woes probe
Bahamas First has assigned its non-executive directors to probe woes that resulted in regulators threatening to bar its Cayman affiliate from writing new life and health insurance business.
Story
Baha Juniors take home Hummel title
The Baha Juniors women’s team will now join the Western Warriors men’s football club (FC) as Hummel Cup title winners. The team secured their championship hardware after defeating the defending champions, United FC at the Roscow AL Davies new soccer field.
Story
National debt growth slows as hits $11.5bn
The national debt's growth rate slowed below 1 percent during the three months to end-March 2023 as the total sums owed by The Bahamas to its creditors rose to just under $11.5bn.
Story
Just 8% of arable land being used for farming
Just 8 percent of all land allocated for Bahamian farming is presently being used for such purposes, it was revealed yesterday.
Story
Doctors targets share offering for end-August
Doctors Hospital is targeting end-August 2023 for a share offering that will give more Bahamians an ownership interest in the healthcare provider just as it aims to “near double” pre-COVID’s $60m annual revenues.
Story
New Abaco bridge gives benefit beyond resilience
The Ministry of Works’ deputy director yesterday said the $5.34m construction of The Bahamas’ longest-ever single span bridge will boost eco-tourism and creek regeneration as well as enhancing climate change resilience.
Story
Bahamas ‘red hot’ with $39.5m listing
A real estate executive yesterday said The Bahamas’ high-end market will remain “red hot” for some time as he lists a $39.5m family residence in Old Fort Bay that is generating a “record” amount of interest.
Story
Hotels support increase in NIB
HOTELS are in full support of an increase to the contribution rate for the National Insurance Board planned for next July, according to Robert Sands, the Bahamas Hotel and Tourism Association’s president.
Story
Baha Mar Resort Foundation hosts first golf invitational
The Baha Mar Resort Foundation hosted an inaugural golf invitational this past weekend at the Royal Blue Golf Club.
Story
FTX: $7.7bn owed to Bahamas ‘misleading’
A key financial adviser to FTX's US chief yesterday disputed as "misleading" assertions that some $7.7bn is currently owed to the failed crypto exchange's Bahamian subsidiary.
Story
Cost rises take 30% bite out of AML Foods profits
AML Foods yesterday revealed that increased costs and inflation took a bite out of its annual profits after net income for the 12 months to end-April 2023 declined by 30 percent year-over-year.
Story
New head coach could help Ayton shine at the Suns
Phoenix Suns centre and Bahamian National Basketball Association (NBA) player Deandre Ayton could see his talents maximised once again this upcoming NBA season. There is a newfound optimism surrounding the Bahamian centre after the team hired Frank Vogel as their new head coach following the firing of previous coach Monty Williams after the playoffs. The team was ousted from the 2023 NBA playoff semifinals after the Denver Nuggets defeated them in a 25-point blowout win to end their season.
Story
Gov't still focused on food and medicine price control
A Cabinet minister yesterday said the Government "feels inclined" to expand price controls on food and medicines, after previous such initiatives ended earlier this year, as it takes a "stand for consumer rights".
Story
STATESIDE: No Labels independent party could play role of spoiler to democratic presidential bid in 2024
A new political movement has ambitions for next year that scare Democrats right down to their shoes. It’s called No Labels, and its leaders aspire to offer a third-party candidate for president in 2024. Dems feel this will hand an election to Trump that he couldn’t otherwise win. History shows they might be correct.
Story
Deficit's 75% cut hinges on $400m revenue surge
The Ministry of Finance's top official yesterday asserted he is "very confident" the Government will increase revenues by $400m year-over-year, and slash its fiscal deficit by 75 percent, in the absence of new and/or increased taxes.
Story
Forecast 78% deficit slash 'significant ask'
Achieving current projections of a 78 percent year-over-year cut in the Government's fiscal deficit will be "a significant ask" based on existing trends, a governance reformer warned ahead of today's 2023-2024 Budget.
Story
'Significant regulatory reform' need on corporate income tax
The Attorney General yesterday acknowledged that corporate income tax is a "novel approach" for The Bahamas and will require "significant regulatory reform" to implement if adopted.
Story
Corporate income tax is 'wrong way around'
The Opposition's finance spokesman yesterday argued that The Bahamas has corporate income tax "the wrong way around" because the proposed reform options are forecast to suck "more money" from the private sector via taxation.
