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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.

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.

NPBA action: Rockets, Regulators in the win column

ON Monday night, the Leno Regulators and Discount Distributors Rockets pulled off wins in division one and two men’s basketball action for the New Providence Basketball Association (NPBA) at the CI Gibson Gymnasium.

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.

Man charged with assaulting and injuring a woman with a box cutter

A MAN was granted bail after he allegedly injured a woman and threatened her with a box cutter last week.

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.

Help arrives as 18 Ghanaian nurses report for duty to address shortage

EIGHTEEN nurses from the Republic of Ghana have arrived to help with the nurse shortage in the Bahamas.

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.

Man accused of breaking into gas station sent to Sandilands

A MAN was sent to Sandilands Rehabilitation Centre after he allegedly attempted to break into a gas station in Andros earlier this year.

DEREK SMITH: The balance anti-money laundering officers strike

In an era where financial crime is as innovative as the technology that battles it, the role of the compliance officer in the anti-money laundering (AML) domain has never been more pivotal or pressured.

Cyber Monday beats retailer expectations

Retailers yesterday said Cyber Monday sales exceeded expectations as reduced prices and service deals drove increased consumer demand.

Gov’t unveils $1m grant to boost ‘food security’

The Small Business Development Centre (SBDC) yesterday received $1m in grant funding that will be distributed between small and medium-sized businesses to boost Bahamian “food security”.

Women’s national soccer team prepare to host USVI

WITH a slightly different team that played in their first Gold Cup match, head coach Ricqea Bain is confident that the women’s national soccer team will perform much better as they christen the newly renovated field at the Roscoe Davies Developmental Center.

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