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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.
Pintard says PM misled on budget taxes claim
FREE National Movement Leader Michael Pintard accused Prime Minister Philip “Brave” Davis of misleading Parliament, saying bills tabled last week show that the government is raising taxes.
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.
PM promises 50 metre pool for Grand Bahama
LOOK for the construction of a new 50-metre pool in Grand Bahama and the development of various facilities throughout the Family Islands during this fiscal year of the Progressive Liberal Party’s tenure in office.
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.
Bahamas Bowl returns December 16
THE ninth edition of the 2023 HomeTown Lenders Bahamas Bowl will return to Bahamian soil on Saturday, December 16. The event is set to kick off at the Thomas A Robinson National Stadium at 11am to commence the start of the National Collegiate Athletic Association (NCAA) Football bowl season.
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.
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.
Sweeting: Cultivation centre to open by end of the month
The Gladstone Road cultivation centre is 90 percent complete and will be ready for opening by the end of the month.
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.
'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.
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.
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.
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.
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.
FTX chief’s fate lies in Bahamas’ hands
THE FATE of embattled FTX chief, Sam Bankman-Fried, rests in The Bahamas’ hands in determining how many criminal charges he will ultimately face over the crypto exchange’s multi-billion dollar implosion, it was revealed yesterday.
Lawyer for police ‘looks to quash’ Azario ruling
NATIONAL Security Minister Wayne Munroe said yesterday that the lawyer of the police officers involved in the killing of Azario Major had asked the Supreme Court to quash the finding of a Coroner’s Court inquest.
