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‘Fantastic’ food tariff cuts won’t fully offset inflation
The Budget’s tariff cuts “can’t compensate” fully for the 20 percent increase in food prices since late 2021, Super Value’s principal said yesterday, although they may cover “half of what was lost” by the return of breadbasket VAT.
March air arrivals near to 75% of pre-COVID
Tourist arrivals to The Bahamas increased almost ten-fold in March 2022 compared to the prior year aided by the continued easing of COVID-related border restrictions and a rebound in global travel, it was revealed yesterday.
Seize the opportunity
As Prime Minister Philip Edward “Brave” Davis and his New Day Government thrive, flourish and grow abundantly, opportunities continue to pop up in favour of our country’s economy and by extension, the PLP government.
Demeritte named men’s track and field coach of the year
An historic season for the Life University Track and Field programme yielded another accolade for head coach Dominic Demeritte.
Paul Greene commits to Chipola College
PAUL Greene is set to transfer to a Junior College basketball powerhouse for the next step in his academic and athletic career.
THE KDK REPORT: This new horizon
WELL-KNOWN for its beautiful beaches and world-class museums, Niteroi is a city in the southeast region of Brazil, facing Rio de Janeiro and just across from Guanabara Bay. It is also the birthplace of one of my patients, who like so many others, has had to overcome more than her fair share of challenges.
All truss-ed out on Budget’s tax cuts
A Bahamian contractor yesterday warned that the Government’s decision to eliminate 20 percent duty on imported roof trusses will “put us out of business” in a segment that has kept his overall operation afloat.
Top aviation body: Delay Customs regime to 2023
The world’s largest aviation association is urging The Bahamas to delay implementing a new border entry and exit regime for private pilots until early 2023 amid fears the process will be “very tedious, cumbersome and unintuitive”.
Moody’s: Multiple ‘risks’ to Gov’ts fiscal forecast
Moody’s last night warned of multiple “risks” to the Government’s fiscal consolidation projections due to the absence of any tax increases in the just-unveiled Budget, while spending restraint will “weigh on economic growth”
Gov’t to cut foreign debt portion in half
The Government is aiming to slash the portion of its debt held in foreign currency by more than 50 percent, a Cabinet minister said yesterday, as he reaffirmed the key components of its liability management strategy.
TEACHERS REJECT SALARY PROPOSALS: But union will hold off on industrial action for one week
BAHAMAS Union of Teachers president Belinda Wilson says the union will hold off on industrial action for one week, after revealing that members have twice rejected counter proposals from government as it relates to salaries for members.
Munnings advances to league final, Knowles returns after ruling
TRAVIS Munnings and his Portuguese club advanced to the league final while Zane Knowles and his Bulgarian club received a favourable ruling in arbitration to keep their playoff hopes alive.
Deandre Ayton’s agent talks about his future
DEANDRE Ayton’s free agency speculation continues to make the media rounds and his agent offered public comments for the first time this offseason on the developing situation between the former top pick and the Phoenix Suns.
Record-setting day in BLTA ‘Play Tennis Bahamas’ programme
THE Bahamas Lawn Tennis Association’s (BLTA) ‘Play Tennis Bahamas’ programme continues to bear fruit as the association welcomed approximately 80 kids on Saturday.
‘No disconnect’ despite $200m surplus increase
The Bahamian economy’s “exceptional” post-COVID rebound justifies revisions of more than $200m in key Budget projections, top officials asserted yesterday, despite Opposition fears of a “disconnect” that will undermine fiscal credibility.
‘Buy good real estate but a cheap vehicle’
Suggestions that today’s Budget will seek to “promote home ownership” and green energy yesterday generated calls for an attitude overhaul and a variety of tax reforms from participants in both sectors.
Discussions ongoing between NIB and managers union
DISCUSSIONS remain fluid between National Insurance Board officials and the Public Managers Union, according to Myles Laroda.
‘Hardship’ threat over VAT medical bill move
The Government is threatening to cause “additional hardship” for thousands of Bahamians who enjoy private medical insurance through VAT-related reforms that will increase medical bills and treatment costs.
HUBERT EDWARDS: Today’s Budget for a better tomorrow
We previously considered The Bahamas’ debt sustainability, and looked at the challenges faced from a Caribbean context.
EDITORIAL: Pay attention to details on Budget day
TODAY is a landmark day for the Davis administration – its first full Budget presentation.
