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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.
Turkish man accused of indecent assault
A TURKISH man has been accused of indecently assaulting an American teenager while she was on vacation with her family in The Bahamas last week.
Jazz returns, Marlins lose finale
JASRADO “Jazz” Chisholm Jr returned to the Miami Marlins lineup after being sidelined for a week with a hamstring injury.
Law’s ‘inflexibility’ forces $251m extra borrowing
The Ministry of Finance’s top official yesterday hit out at the “inflexibility” of the Government’s own financial management laws for forcing it to seek parliamentary approval to borrow an extra $251.4m.
Gov’t seeks ‘happy medium’ for domestic poultry farmers
An Abaco poultry farm believes the Government’s Budget is trying to strike a “happy medium” for stimulating the sector with plans to lower electricity costs designed to offset duty reductions on rival imports.
AML: 8,000 sign-up for shopper loyalty move
AML Foods says more than 8,000 consumers have already signed up for its latest loyalty initiative that has been launched to help Bahamians combat soaring inflation.
HMBS Flamingo Disaster 10th May, 1980
A Sermon Preached by Canon S. Sebastian Campbell at the annual Red Mass in observance of the sinking of HMBS Flamingo.
Minister: Discussions continue on relief relating to gas prices
ECONOMIC Affairs Minister Michael Halkitis said discussions continue relating to gas relief, adding the government hopes to announce some measures as soon as there is a potential solution to soaring fuel prices.
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”
Gas dealers ‘shocked’ at margin rise rule-out
Petroleum dealers yesterday said they were “shocked” after the Government ruled out increasing their per gallon margins despite a Cabinet minister revealing it was working to offer alternative help.
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.
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.
FRONT PORCH: The dangers and conceits of Christian nationalism
“GUN ownership is a more important right than voting. Voting is not really a human right at all but a privilege that should be reserved for those who are qualified to do it properly. It should be easier to buy a gun than vote.” – Christian right commentator Matt Walsh
Sandals to install detectors after tourist deaths
WHILE not revealing the cause of death of three American tourists at its Emerald Bay property earlier this month, Sandals has said the fatalities were not linked to the resort’s air conditioning system, food and beverage service, landscaping services or foul play.
‘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.
$100m SOE subsidy cut goes in opposite direction
The Government has temporarily shelved plans to slash subsidies to state-owned enterprises (SOEs) as it seeks Parliamentary approval to borrow $251.4m for clearing unpaid bills prior to the 2021-2022 fiscal year-end.
Debt strategy was Budget’s ‘big miss’
A governance reformer yesterday argued that the Budget presentation’s “big miss” was its failure to detail how The Bahamas will tackle its $10.5bn national debt and annual interest costs set to hit a record $589m.
Up to $40k VAT refund for first-time home purchasers
The Prime Minister yesterday unveiled multiple measures designed to boost Bahamian home ownership including an up-to $40,000 refund of VAT paid by first-time buyers on construction services and building materials.
