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PM reveals 2023 budget with no new taxes, pledges to improve collections
PRIME Minister Philip “Brave” Davis said the government is arresting the national debt and reducing the deficit, unveiling a budget yesterday that aims to improve the country’s fiscal performance through better tax collection rather than introducing new taxes.
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.
Prayers on the road to 50 years
Please allow me to express my observation on my experience during the Nation’s “Call To Prayer” during this “Road To 50” celebration.
Tabernacle Baptist Falcons win title
GBSSAA Franco Miller/Scott Forbes/ Quinton Hall Big 3 Basketball Classic
THE Grand Bahama Secondary Schools Athletic Association hosted its Franco Miller/Scott Forbes/Quinton Hall Under-13 boys’ Big 3 Basketball Classic over the weekend at the YMCA Gymnasium.
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.
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.
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.
Ras Delancy named Player of the Year
Ras Jesse Delancy, in completing his sophomore year at Benedict College, added another feather to his cap when he was selected last week as the 2023 Division II National Player of the Year.
Denisha caps off fantastic year with NCAA Division II track & field title
VERSATILE Denisha Cartwright capped off another fantastic year at Minnesota State by adding another NCAA Division II Track and Field Championships title and a pair of five finishes to her résumé over the weekend.
FACE TO FACE: Sir Franklyn Wilson & Sean McWeeney discuss The Bahamas’ 50th Independence
IN the very room where young college and university students brought political leaders together to debate prior to Bahamian Independence, two of these former youth leaders sat on a stage more than 50 years later to talk about the ideals that led to the formation of a new Bahamas.
Two dead in weekend of violence
TWO men were murdered in separate incidents over the weekend, bringing the country’s murder count to 47 for the year.
GAS DEALERS WANT 30 CENT INCREASE – Association: Govt discussed change to fuel margins
Petroleum retailers say they refuse to become "paupers" as they intensify demands for a 30 cent per gallon margin increase which they have been seeking to obtain from the Government since April 2022.
Why attack Atlantis?
What is the purpose of these public attacks on Atlantis? They are a Bahamian corporate entity with the right to free speech, and to defend their interests. Their very ethos is protecting, promoting and selling ecology, so why would they not be interested in what happens right next door?
Two Americans, Cuban national arrested after alleged cocaine find in Bimini
Two Americans and a Cuban national were arrested in Bimini after they were allegedly found in possession of suspected cocaine on Sunday.
Gardiner wins in Morocco
Athletes shine in meets overseas
Steven Gardiner and Anthonique Strachan both showed that they are on track for the World Championships, while a couple of collegiate athletes, including Joel Forbes, Terrence Jones, Charisma Taylor and Denisha Cartwright, shined on the collegiate scene over the weekend.
Another national record for decathlete Kendrick Thompson
FOR the second time this year, Kendrick Thompson has broken the Bahamian national record in the decathlon.
Bahamas Lawn Tennis Association hosts 2-day umpire training course
THE Bahamas Lawn Tennis Association (BLTA) hosted a two-day umpire training course at the National Tennis Centre this past weekend.
