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Gas retailers: ‘This is the time’ for margin increase
Bahamian petroleum retailers yesterday urged “this is the time” to grant a margin increase following last week’s 64-cent price drop with many said to be on the brink of “throwing away the keys”.
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Economic output beats pre-COVID by $295m
Bahamian economic output for the 2023 first-half was last night said to have beaten pre-COVID comparisons by $295m in a signal that this nation is now moving beyond post-pandemic reflation.
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Funeral chief’s partial win in stolen auto loan battle
A funeral home principal has won a partial victory in her legal appeal over a case where Bank of The Bahamas extended a combined $74,000 in auto loans despite knowing one vehicle was stolen.
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DEADLY OUTCOME WARNING OVER BAIL: ‘If I could turn back time, I wouldn’t let my brother get bail’, Monitor company details alert system for police, Carlos Reid – curfew stipulations not being enforced
IF Carlisa Davis could rewind time, she wouldn’t let her older brother get bail. Elvardo Deveaux was 19 when he allegedly killed a man on Maxwell Lane and 22 when he was fatally shot on Milton Street.
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Judge to summon employer to court after claim that juror would be made to use vacation time during Gibson trial
A SUPREME Court Judge has summoned a major employer to court for reportedly telling their employee, a sitting juror in Adrian Gibson’s corruption trial, that their time off for jury duty will count as vacation leave.
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All Saints shanty demolition begins
DEMOLITION activities began in the All Saints Way shanty town yesterday.
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Gov’t is urged: ‘Prove IMF wrong’ on deficit
The Government was yesterday urged to “prove the IMF wrong” over its deficit blow-out forecast with this nation’s top finance official revealing all major revenue lines are enjoying “double digit” growth.
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Nipped in the Bud: Brewery reversal over 40-year tie-up
Commonwealth Brewery yesterday suffered a reversal as the Court of Appeal sided with Budweiser’s global parent in the dispute over the termination of their 40-year Bahamian distribution deal.
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Opposition: IMF deficit warning ‘wake-up call’
The Opposition’s finance spokesman yesterday argued the IMF’s deficit warning should serve as “a wake-up call” for the Government not to waste “record-breaking revenues”.
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No ‘rush of blood’ on corporate income tax
The Bahamas was yesterday urged “not to have a rush of blood” in moving too swiftly on corporate income tax as the Government inches towards issuing a ‘white paper’ on the subject.
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Gov’ts deficit near-miss as VAT $160m off target
The Government narrowly missed its deficit target for the recently closed 2022-2023 fiscal year despite a near-$160m undershoot on its VAT forecast, it was revealed yesterday.
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PM ‘SHOCKED’ BY IMF OVER DEFICIT: PM says no concerns were raised with him during recent meeting
PRIME Minister Philip “Brave” Davis has said he was shocked by the International Monetary Fund’s conclusion that government spending this fiscal year will outpace revenue by almost three times its projections.
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Witness that testified against Gibson admits to being questioned by police on fraud
A SENIOR engineer at the Water and Sewerage Corporation (WSC) who has given testimony harmful to Adrian Gibson and his co-accused admitted police questioned her for suspected fraud last year.
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Minister backs constituents on propane plant opposition
A Cabinet minister yesterday joined Baillou Hills Estates residents in voicing opposition to the development of a $1.3m “state-of-the-art” propane gas plant off Tonique Williams Highway.
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Carnival targeting ‘much more’ than 2.2m arrivals with GB port
Carnival Cruise Line expects to bring “much more” than the advertised 2.2m passengers per annum to its new Grand Bahama cruise port when the facility opens in 2025.
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Hotels eye 10% growth for peak winter season
Bahamian resorts are poised for an up to 10 percent year-over-year increase in business volumes for the 2024 first quarter, it was revealed yesterday, with the sector’s “greatest opportunity” still untapped.
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Largest Bahamas First stake targeted in acquisition move
The largest shareholding in Bahamas First may soon change hands with the potential buyer already signalling its desire to expand that ownership interest beyond the initial 20 percent.
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IMF: Further ‘limit’ Central Bank’s financing of Gov’t
The International Monetary Fund (IMF) last night called for a further “reduction in the limit” on how much funding the Central Bank can provide to the Government as it signalled the present bar is too high.
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IMF: ‘Deeper effort’ on digital asset regulation
The International Monetary Fund (IMF) last night urged The Bahamas to undertake “deeper efforts” to regulate digital assets firms by providing more resources to inspect their operations.
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Block on former Tribune editor’s pension will be investigated, says NIB
NATIONAL Insurance Board chairman Philip McKenzie said the board will investigate former Tribune managing editor John Marquis’ complaint that his pension payment has been blocked “for no good reason”.
