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‘No choice’ but to go Bahamian

The Government must build greater “trust and confidence” in its fiscal plan among Bahamian investors given it has “no choice” but to almost exclusively tap the local capital markets to meet its nine-figure deficit financing demands.

Stopover tourists strike 94% pre-COVID levels

TOTAL air arrivals to The Bahamas in May hit 94.2 percent of pre-COVID’s 2019 high, the Central Bank revealed yesterday, with overall visitor numbers for the first five months of 2023 some 68 percent ahead of last year.

Gas retailers ‘not gone to sleep’ on margin rise

BAHAMIAN petroleum retailers yesterday said they “haven’t gone to sleep” over their push for a margin increase but are willing to take a “sensible” phased-in approach that will not overly burden motorists and the wider economy.

WORLD VIEW: CARICOM at 50: there is still hope

JULY 4, 2023 marks the 50th anniversary of the signing of the Treaty of Chaguaramas, the foundational document that brought the Caribbean Community and Common Market (CARICOM) into existence. With high hopes and lofty ambitions, the heads of government of the four largest independent Caribbean countries at the time embarked on a journey towards regional integration. They were later joined, to varying degrees of commitment, by 10 other countries.

Gov't 'examining merits' of oil explorer carbon credits

The Government is "examining the merits" of an oil explorer's proposal to gain a return on its $100m-plus investment in The Bahamas via the use of carbon credits.

Value for money query on boating fees portal

A former Association of Bahamas Marinas (ABM) president yesterday queried why taxpayers are paying $3.355m for a solution to capture boat and yacht charter fees when the private sector previously provided the same at zero cost.

Clubs & Societies June 29th, 2023

The Bahamas Maritime Cadet Corps (BMCC) has completed another very successful year of activities with a total of 97 cadets completing the programme on four separate islands.

FNM Leader says Government House should be monetised in light of renovation costs

FREE National Movement leader Michael Pintard said the Davis administration should monetise Government House given the massive cost of its renovation.

Gov’t allocates $10m for land compensation

The Government has set aside $10m to pay compensation that is "many, many years overdue" to Bahamians whose land was compulsorily acquired for roads and other projects deemed in the public interest.

Foreign buyer VAT rise gains ‘90-day transition’

A Cabinet minister yesterday confirmed the Government is allowing a 90-day “transition period” so that foreign purchases of real estate valued at under $1m - and already subject to sales agreements - can close at existing VAT rates.

Jury discharged in Gibson trial for protocol breach

THE jury in Adrian Gibson’s corruption trial was discharged yesterday after a Supreme Court judge dismissed two jurors for failing to obey protocols.

Gov’t closely scrutinises China, global oil prices

A Cabinet minister says the Government is “monitoring global events”, especially oil prices and the Chinese economy’s strength, to ensure such factors do not “undermine” recovery at home.

US Department of State Report: Bahamas meets fiscal transparency requirements

For the first time in five years, The Bahamas is among some 70 countries that have met fiscal transparency requirements, according to a US Department of State 2023 Fiscal Transparency Report on public financial management accountability.

Almost 1m referrals to Nassau/PI hotels

A senior Bahamian tourism executive yesterday said Nassau/Paradise Island has recovered to 97 percent of pre-COVID business volumes by March 2023 with airlift capacity up by double digits for the year-to-date.

Justice holds legal discussions ahead of Gibson case, adjourned until Friday

THE corruption trial of Long Island MP Adrian Gibson was adjourned to Friday after Justice Cheryl Grant-Thompson held legal discussions in the absence of a jury yesterday.

Opposition chief warns over bidding ‘suspicion’

The Prime Minister yesterday defended the award of two multi-million dollar contracts amid charges by the Opposition’s leader that handling of the bid process “opens up every company to suspicion”.

Plane used for mail flights to Bahamas has a grisly history

A TURBOPROP plane once used to deliver mail to The Bahamas from Florida has been revealed to have had a grisly history – with political detainees in Argentina having been thrown from the vehicle to their deaths during the country’s 1976-98 military dictatorship.

The Tribune

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