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Opposition raises alarm over skyrocketing Q1 deficit
The Opposition’s finance spokesman yesterday warned against an “exploded” deficit for Q1 and chided the government on holding back on its August and September fiscal report for so long.
GB chamber chief: Govt has to tighten its belt too
The Grand Bahama Chamber of Commerce president said more focus needs to be put on public expenditure and the government needs to tighten its belt just like the average Bahamian.
What really needs to be done on roads
EVIDENTLY, the present Davis-led administration is moving full speed ahead with turning Gladstone Road into a dual carriageway, a project initially proposed by the former Minnis-led administration. No one can reasonably deny that New Providence has a traffic problem, so this road reconstruction project is welcome news.
Providence Classic starts with a bang
The Providence Basketball Club’s 24th annual Yuletide Basketball Classic got off with a bang yesterday at the CI Gibson Gymnasium, despite the organisers having to juggle the line-up in the absence of a few teams.
Raynor Andrews makes it official with Rutgers
AFTER making the switch from basketball to football, Raynor ‘Big Ray’ Andrews now finds his way on the verge of joining one of the elite college football programmes at Rutgers University where he will be playing for the Scarlet Knights team next year.
Flat revenues and spending increase see rise in deficit
Flat revenues and a $47m increase in total spending resulted in a near-tripling of the government’s first quarter fiscal deficit year-over-year.
Still in limbo despite ruling on citizenship
MANY would welcome giving citizenship to a Harvard-educated scholar like Dr April Finlayson, but seven months after the Privy Council ruled that people like her are citizens at birth, she still can’t get a Bahamian passport and limits her visits to The Bahamas to avoid being warned again that she overstayed her time in the country of her birth.
I-BAP pop up camp a success
I-BAP (Bahamas Athletic Pride) in collaboration with New York’s Electric City Bombers hosted a successful pop up Christmas camp on Saturday at the Baillou Hills Sporting Complex to close out the 2023 calendar year.
Athletes qualify early for CARIFTA Games
BEFORE athletes took a break for Christmas festivities, they hit the qualifying mark for the 2024 CARIFTA Games at the Bahamas Association of Athletic Associations (BAAA) Odd Distance Meet on Friday at the original Thomas A Robinson Stadium.
Man presumed dead after falling off a cruise ship destined for The Bahamas
A 41-year-old man is presumed dead after going overboard on a Royal Caribbean cruise ship to The Bahamas on December 23, two days into the cruise.
Christmas Day murder is fourth killing in 48 hours
A MAN was shot dead on Christmas Day in the latest of a series of shootings over the Christmas period that left four people killed in 48 hours, and a fifth man shot dead by police.
Hitting Gov’t deficit target ‘increasingly complicated’
The Government will find it “increasingly complicated” to hit this year’s 75 percent deficit-slash target, a major global bank has warned, while predicting this will “shift the debate back to tax reform”.
URCA’s BPL fuel tariff review ‘sounds bit odd’
The Opposition’s leader yesterday asserted “it sounds a bid odd” that regulators now plan to examine the lawfulness of Bahamas Power & Light’s (BPL) fuel charges having previously approved them.
Small Business Act: ‘Let’s close the deal’
A small business advocate is pledging to “close the deal” on legislation to advance the sector’s interests in 2024, adding: “This is my last year in pushing for this Act.”
Prove services exports deserve VAT-free rating
Bahamian accountants must prove audit and other services they provide to financial services entities are “for purposes outside” the jurisdiction to obtain VAT-free treatment, the tax authorities have ruled.
Don’t leave fiscal change until ‘things getting dicey’
The Bahamas must not leave the need for any fiscal adjustments to the stage where “things get a bit dicey”, a governance reformer advocated yesterday in backing the IDB.
Minister ‘confident’ swimming complex will be ready for CARIFTA
EXCITEMENT is slowly building for the 2024 CARIFTA Aquatics Championships to be hosted in Nassau, Bahamas March 28 to April 7.
Sky diving provider burning $8,400 monthly in wait to become licensed
A skydiving excursion provider yesterday said it is burning through $8,400 per month on renting a plane it cannot use as it battles to obtain the necessary licences and permits.
Bahamas invests $400k in first livestock feed mill for 40 years
Bahamian agriculture's push to reduce the country's $1bn annual food import bill has been boosted by the Government's $400,000 acquisition of the first new animal feed mill in 40 years.
Govt to take ‘aggressive’ approach to building airports, says Romer
THE construction of some Family Island airports is set to be completed by 2025 as the government takes an “aggressive” approach to the building process, according to Dr Kenneth Romer, deputy director general of the Ministry of Tourism and Aviation.
