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Hitting Gov’t deficit target ‘increasingly complicated’
The Government will find it “increasingly complicated” to hit this year’s 75 percent deficit-slash target, a major global bank has warned, while predicting this will “shift the debate back to tax reform”.
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URCA’s BPL fuel tariff review ‘sounds bit odd’
The Opposition’s leader yesterday asserted “it sounds a bid odd” that regulators now plan to examine the lawfulness of Bahamas Power & Light’s (BPL) fuel charges having previously approved them.
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Small Business Act: ‘Let’s close the deal’
A small business advocate is pledging to “close the deal” on legislation to advance the sector’s interests in 2024, adding: “This is my last year in pushing for this Act.”
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Prove services exports deserve VAT-free rating
Bahamian accountants must prove audit and other services they provide to financial services entities are “for purposes outside” the jurisdiction to obtain VAT-free treatment, the tax authorities have ruled.
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Don’t leave fiscal change until ‘things getting dicey’
The Bahamas must not leave the need for any fiscal adjustments to the stage where “things get a bit dicey”, a governance reformer advocated yesterday in backing the IDB.
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Minister ‘confident’ swimming complex will be ready for CARIFTA
EXCITEMENT is slowly building for the 2024 CARIFTA Aquatics Championships to be hosted in Nassau, Bahamas March 28 to April 7.
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Sky diving provider burning $8,400 monthly in wait to become licensed
A skydiving excursion provider yesterday said it is burning through $8,400 per month on renting a plane it cannot use as it battles to obtain the necessary licences and permits.
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Bahamas invests $400k in first livestock feed mill for 40 years
Bahamian agriculture's push to reduce the country's $1bn annual food import bill has been boosted by the Government's $400,000 acquisition of the first new animal feed mill in 40 years.
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Govt to take ‘aggressive’ approach to building airports, says Romer
THE construction of some Family Island airports is set to be completed by 2025 as the government takes an “aggressive” approach to the building process, according to Dr Kenneth Romer, deputy director general of the Ministry of Tourism and Aviation.
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Quaker brand granola cereals recall over potential salmonella contamination
A PRODUCT recall has been issued for granola bars and granola cereals from the Quaker Oats Company.
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Participants of Bahamasair plane design competition upset over chosen artwork
THE decoration of a new Bahamasair plane sparked complaints from artists who submitted designs for a competition.
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Deficits overwhelm growth six-fold in driving debt hike
Weak economic growth has been overwhelmed by the six-fold greater impact of surging fiscal deficits and failed to keep The Bahamas’ debt ratios in check, a multilateral lender is asserting.
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Total $1.4bn SOE debts pose ‘a significant risk’
Total debts owed by the Government’s state-owned enterprises (SOEs) have hit $1.4bn to become “a significant risk” by exceeding 10 percent of annual economic output, the IDB has warned.
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FTX settlement ‘proves naysayers were wrong’
The FTX settlement shows The Bahamas has “beaten expectations” and “proven the doom and gloom naysayers wrong” over the crypto exchange’s collapse, a well-known businessman argued yesterday.
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URCA proposes 20% expansion in budget
The Utilities Regulation and Competition Authority (URCA) is for the second consecutive year proposing a major hike in its operating budget via a near-20 percent increase for 2024.
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LEFT STRANDED BY BAHAMASAIR: Passengers stuck without help or place to stay - and Romer says ‘no excuse’
BAHAMASAIR passengers travelling to North Eleuthera were stranded in Rock Sound on Monday after they were forced to disembark their plane without warning or help with accommodations.
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CARIFTA countdown
The countdown is now officially on for the 2024 CARIFTA Aquatics Championships slated to be held right here on home soil at the Betty Kelly-Kenning Aquatic Centre March 28 to April 7.
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Tennis players advance to the finals
FOUR players advanced to the 2023 Giorgio Baldacci Open National Tennis Championships yesterday at the National Tennis Centre (NTC), in addition to qualifying to represent The Bahamas at the Davis Cup and Billie Jean King Cup tournaments.
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I-BAP collaborates with Electric City Bombers to host Christmas camp
WITH 2023 now winding down, I-BAP (Bahamas Athletic Pride) in collaboration with New York’s Electric City Bombers intends to host a pop-up Christmas camp this Saturday at the Baillou Hills Sporting Complex.
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Our passive response is concerning
The Bahamian business community now appears alarmingly complacent in the face of escalating government overreach. It’s as though we’ve surrendered our spirit of defiance, meekly swallowing whatever directives and mandates are imposed upon us by policymakers. This worrying trend of passivity, where voices that used to question and challenge now remain eerily silent, is reshaping our business landscape.
