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Deficit in ‘jeopardy’ on VAT under-shoot
The Opposition’s finance spokesman yesterday warned the failure to hit VAT targets for 2022-2023 could place the current year’s forecasts in “even more jeopardy” and potentially trigger spending cuts to meet the $131m deficit goal.
FTX’s Bahamas properties rack up $450k unpaid fees
FTX’s US chief has revealed that the collapsed crypto exchange’s Bahamian property empire has amassed $450,000 in unpaid fees to local services providers over the ongoing impasse over how to sell the portfolio.
PM: FTX ‘lessons learned’ will make Bahamas better
The Prime Minister yesterday pledged that “the lessons we learned” from the FTX crypto exchange’s collapse will enable The Bahamas to better strengthen its regulatory regime and emerge as a regional digital assets hub.
FTX Bahamas demanding $9.15bn from US affiliates
FTX’s Bahamian liquidators are seeking to recover a total $9.15bn from the crypto exchange’s US entities with some 84 percent of this sum involving assets that were “misappropriated” prior to its late 2022 collapse.
‘40 percent of work permits are jobs Bahamians can do’
LABOUR Director Robert Farquharson believes 40 per cent of the 12,000 work permits issued this year relate to jobs Bahamians can fill.
DARVILLE: WE MUST PREVENT DNA FRAUD – Genetic testing rules necessary to ensure lab sample integrity
OFFICIALS are grappling to prevent mischief related to how DNA samples to establish a person’s paternity are collected following a landmark citizenship ruling in May.
Devynne Charlton hurdles to finals, Anthonique Strachan advances to semifinals of the 200 metres
Following a record-breaking performance on Tuesday, Devynne Charlton remained poised in the 100 metre (m) hurdles semifinals yesterday and booked her ticket to today’s finals.
‘Gamer’ Johnathon ready for World Esports Championships
JOHNATHON Lucius will represent The Bahamas for the second time at the International Esports Federation’s (IESF) World Esports Championship.
Stephen Brown: ‘We have not had any good facilities in a very long time’
FAMILY Islanders are once again appealing for better baseball facilities to aid in the development of youth on the respective islands.
Man fined $2,500 for marijuana valued at $1,300 found in his closet
A MAN was fined $2,500 yesterday after he admitted to having $1,300 worth of marijuana hidden in his bedroom closet on Monday.
Minister urges Bahamians to report over-charging jitneys
A Cabinet minister is urging Bahamians who are being charged $1.50 by jitney drivers to report such incidents to the Road Traffic Department for investigation as the practice is illegal.
National cyber breach plan may 'take years'
A Bahamas-based cloud services provider yesterday said developing a comprehensive national response strategy to deal with cyber security breaches can be “complicated” and “take years”.
The Tropics heat up over the Atlantic, Southern Bahamas eyes on Franklin
LOCAL weather forecasters are monitoring Tropical Storm Franklin, one of five systems being tracked in the Atlantic.
Real estate ‘bull can only run for so long’
The Bahamian property market is “correcting itself” to more sustainable pre-COVID highs, realtors agree, with 2023 second quarter New Providence home sales down 21 percent as “the bull can only run for so long”.
Bimini airport PPP proposal is revived
A private-public partnership (PPP) proposal to transform and take over management of Bimini’s airport has been revived and presented to residents last week for community feedback, Tribune Business can reveal.
Royal Caribbean: Crew will ‘never’ work on PI
Royal Caribbean has pledged that “at no point” will foreign crew from its ships be working at the $100m Royal Beach Club after being challenged over whether such practices occur at its Coco Cay ‘Perfect Day’ destination.
IMF: ‘Progress’ but more needed on crisis regime
The International Monetary Fund (IMF) has praised The Bahamas for “considerable progress” in developing a regime to prevent and address banking industry failures but also warned much work remains to be done.
Cooper assures ‘no Fyre Festival’ coming here
AS the Fyre Festival makes international headlines over a potential reboot, Tourism Minister Chester Cooper gave an assurance yesterday that the event would never be approved again in The Bahamas.
PM: ABORTION IS PERSONAL CHOICE – In the case of rape it’s a ‘medical matter’ Davis ‘would have to consider’
PRIME Minister Philip “Brave” Davis said he believes abortion is a personal choice.
Devynne Charlton advances to semifinals, Steven Gardiner suffers season-ending injury
Devynne Charlton lowered her Bahamian national record yesterday to advance to the women’s 100 metre hurdles semifinals, but Steven Gardiner pulled up and he was unable to complete his men’s 400 metre race.
