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Ministry reveals revisions to High School Diploma

AFTER longstanding public outcry on the criteria of the Bahamas High School Diploma, the Ministry of Education announced on Friday several revisions that have been made.

STATESIDE: No Labels independent party could play role of spoiler to democratic presidential bid in 2024

A new political movement has ambitions for next year that scare Democrats right down to their shoes. It’s called No Labels, and its leaders aspire to offer a third-party candidate for president in 2024. Dems feel this will hand an election to Trump that he couldn’t otherwise win. History shows they might be correct.

FRONT PORCH: The life and times of an extraordinary patriot

We last spoke on May 11, the 95th birthday of George’s beloved friend, Arthur. This journal’s managing editor asked who the paper might contact to pay tribute to Sir Arthur Foulkes, five years shy of becoming a centenarian.

EDITORIAL: What the Budget did not say

WHEN taking the time to sit down and examine yesterday’s Budget communication by Prime Minister Philip “Brave” Davis, it is as important to look at what was not said as much as what was.

Deficit's 75% cut hinges on $400m revenue surge

The Ministry of Finance's top official yesterday asserted he is "very confident" the Government will increase revenues by $400m year-over-year, and slash its fiscal deficit by 75 percent, in the absence of new and/or increased taxes.

Gov't near-tripling cruise departure tax to $145m

The Government is aiming to near-triple revenues earned from departing cruise passengers to $145m in the 2023-2024 Budget via a series of new and increased fees, it was revealed yesterday.

'Throwing darts': PM pledges 'decisive action' on Freeport

The Prime Minister's decision to put the Grand Bahama Port Authority's (GBPA) owners on notice that he plans to take "decisive action" to halt Freeport's two-decade decline yesterday provoked mixed reactions from residents and politicians.

Bahamas is exploring 'debt for nature' swap

The Government is exploring a "debt-for-nature swap" with the Inter-American Development Bank (IDB) that could result in at portion of its $11.2bn national debt being forgiven, the Prime Minister said yesterday.

VAT filing cut for $5m companies

The Ministry of Finance's top official yesterday voiced optimism it will "not be a big problem" for Bahamian companies with annual turnovers exceeding $5m to file and pay their VAT returns within 14 days.

DEREK SMITH: How social responsibility is affecting financial institutions

In recent years, environmental, social and governance (ESG) factors have become increasingly important for financial institutions. The ESG approach goes beyond traditional financial metrics, instead focusing on sustainability, responsible investment and ethical practices. This article aims to explore two negative, and two positive, aspects of ESG and how it can impact financial institutions.

Bahamians ‘on notice’ over credit delinquency

A Central Bank official has placed Bahamians "on notice" that they will no longer be able to "conceal" existing loan facilities or debt delinquencies when applying to lenders for new credit.

New healthcare facilities announced by the PM

Prime Minister Philip Davis announced yesterday new healthcare facilities for New Providence and Grand Bahama.

More funds for BAMSI and farmers markets

Prime Minister Philip Davis announced the government will maintain capital expenditure in agriculture.

“What does decisive action mean?”

The Grand Bahama Chamber of Commerce's president yesterday said he wants more information on what the Prime Minister means on “decisive action” on the Grand Bahama Port Authority (GBPA).

Pintard criticises ease of doing business

The Leader of the Opposition said the government has not improved the ease of doing business and said it is “quite the opposite".

What happened in London won’t stay in London

IF readers permit, I would like to write a ‘part 2’ to my note on the coronation, offering reflections on the impact on the Coronation week, and its lasting impact for the UK and The Bahamas.

Ministry of Transport expresses ‘deep concern’ about rise in traffic fatalities

TWO women were killed in separate traffic accidents in New Providence over the weekend, prompting police to advise drivers to slow down.

Boating industry watches for VAT yacht charter ease

A former Association of Bahamas Marinas (ABM) president says the industry is "eagerly" waiting to see if the VAT on yacht charters is adjusted in today's Budget as he blamed its imposition for a 20 percent gross revenue fall at his business.

Corporate tax paper 'setting foundation' to broaden base

A prominent banker yesterday asserted it was no accident that the Government released its corporate income tax 'green paper' just days before the Budget, adding: "It needs to increase its revenue base."

The Budget Communication – as it happened

Prime Minister Davis says the Budget aims to strengthen national security, economic security and the lives of people of The Bahamas. He says the global economy is showing signs of improvement although there is still much work to be done to recover from recent challenges. He adds that average consumer prices rose in the US by eight percent, while policy rate of interest has been raised ten times, driven primarily by rising inflation. He highlights the effects on The Bahamas in terms of higher borrowing costs.

The Tribune

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