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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.

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”.

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.

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.

‘Man set his uncle and mom on fire’

A 29-year-old man set his 54-year-old and 74-year-old uncle and mother on fire at a residence on Gibbs Corner yesterday.

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.

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.

Cat Island woman’s murder trial sees testimony focus on victim’s body

A POLICE officer testified that the body of American Janice Kessinger was found nude on a beach in Cat Island in 2017 with gold jewellery on a cord around her neck.

Davis’s fight at COP 28

As world leaders convene at COP 28, the stakes could not be higher, especially for nations like the Bahamas. Prime Minister Davis, bearing the weight of our nation's experience with Hurricane Dorian, is set to lead a crucial fight for recognition and action on climate change, a battle underscored by profound human suffering and resilience.

Pintard resignation is bad idea

On A ZNS Radio talk show on the day following the West Grand Bahama and Bimini by-election, several callers suggested to the Progressive Liberal Party leaning host that Free National Movement Leader Michael Pintard, in keeping with our outdated Westminster system of government, should resign his position as leader.

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.

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.

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.

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.

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.

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.

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”.

IMF WARNING TO GOVT ON DEFICIT: Spending expected to outpace income by three times forecast

The International Monetary Fund (IMF) last night blew a hole in the Government’s 2023-2024 Budget projections by warning the fiscal deficit will likely be almost three times’ higher than forecast.

Inagua man jailed for alleged wounding of man with cutlass

A MAN was remanded after he allegedly wounded a man at a police station in Inagua and assaulted four others with a cutlass last week.

200 hours of community service for debit card fraud

A MAN was ordered to complete 200 hours of community service yesterday after he admitted to using over $1,000 off a man’s debit card earlier this month.

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