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'Can't tax Bahamas into better health'
Caribbean Bottling Company's top executive yesterday warned "you cannot tax a country into good health" amid private sector fears that a so-called 'sugar tax' will be a “poison pill” for small business.
Gov't eyes air freight terminal outsourcing
The Government is eyeing a proposal to outsource Lynden Pindling International Airport's (LPIA) freight terminal to private sector developers and operators, it has been revealed.
BPL set for a 'maturity audit'
Regulators are searching for consultants to conduct a "maturity audit" of Bahamas Power & Light (BPL) in a bid to assess the energy monopoly's performance and develop better regulatory oversight.
Haywards ready for GBPA 'sell down' to right partner
The Hayward family is willing to part with some of its Grand Bahama Port Authority (GBPA) ownership interest to aid Freeport's revival, it was revealed yesterday, but does not believe the Government should take "majority" control.
HUBERT EDWARDS: Bahamas can’t afford for fiscal forecast miss
The Davis administration has delivered a Budget which, while leaving room for discussion and debate on many fronts, gives numbers which are very positive and welcoming news from a fiscal and debt management perspective. The projections suggest that The Bahamas is on the path to a turnaround in its fortunes, providing international and domestic investors with a level of certainty that would not have been anticipated two years ago. But every aspect of this turns on what the final outturn of the 2022-23 fiscal year will be.
PM's GBPA warning leaves investors 'hanging out there'
Private sector executives yesterday voiced concern that the Prime Minister's "decisive action" warning to the Grand Bahama Port Authority (GBPA) and its principals will deter potential investment in Freeport.
Gov't still focused on food and medicine price control
A Cabinet minister yesterday said the Government "feels inclined" to expand price controls on food and medicines, after previous such initiatives ended earlier this year, as it takes a "stand for consumer rights".
Key tax arrears jump $230m to hit $1.13bn
Tax arrears owed to the Government from three key revenue streams increased by a collective $230m during the first nine months of the current fiscal year to hit $1.13bn at end-March 2023.
20% of Gov'ts fixed costs go to debt bill
One out of every $5 spent by the Government on its recurrent costs during the upcoming 2023-2024 fiscal year will go towards paying the $612.726m interest bill on its outstanding $11bn-plus national debt.
Property tax cap up 25% to hit $150,000
Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.
New hope
ActivTrades
The averted US debt default, and positive data from the American jobs market, put international investors in a buying mood. In Germany, the Dax index jumped over the 16,000 point mark last Friday. Wall Street also closed higher.
Gov't ready to guarantee Nassau's $290m hospital
The Government is prepared to guarantee the $290m financing for New Providence's new hospital, a Cabinet minister revealed yesterday, adding: "This is a worthwhile investment for the Bahamian people."
Backward attacks
In order to understand the backwardness of certain opposition politicians, who reflexively oppose progressive tax reform, one has to put into perspective what they are actually advocating and defending.
BAAA Age Group Trials, Kids’ Athletics combine hailed a success
THE Bahamas Association of Athletic Associations hosted a successful combined Age Group Trials and Kids Athletics Championships over the weekend at the original Thomas A Robinson national stadium.
Skippers celebrate victory
THE 54th annual Long Island Regatta came to a close on Saturday in Salt Pond, Long Island, with the New Legend, New Susan Chase and Sassi Sue all emerging as the divisional winners.
ArawakX accounts unfrozen following battle with financier
A Bahamian crowdfunding platform yesterday confirmed multiple accounts it holds with Bank of The Bahamas have been unfrozen after a dispute with one of its founding financiers impacted "probably thousands" of investors for months.
Ensuring postal service embraces 21st century
Despite being a critical driver of economic growth, The Bahamas' postal service is currently lagging in its operations.
Halkitis: We'll meet targets - and beat them
A cabinet minister said that the government will “achieve” and “surpass” the budget targets in terms of the deficit with a goal to get the debt to GDP down to 50 percent by 2031.
Petroleum retailers agree to 'phased in' margin increase
Bahamian petroleum retailers yesterday said they will accept a "phased in" 30 cent per gallon margin increase as they urged the Prime Minister to meet with the sector this week "to put this baby to sleep".
Minister says PM will address NIB concerns next week
PRIME Minister Philip “Brave” Davis will address concerns relating to the National Insurance Board (NIB) next Wednesday, Economic Affairs Minister Michael Halkitis said on Thursday.
