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BUDGET COMMUNICATION 2024/2025: Revenue Performance Highlights
As he turned to the Nine-Month Fiscal Performance for FY2023/24, Mr Davis says total revenue for the first three quarters of the 2023/2024 fiscal year amounted to $2.2bn.
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Revenues ‘must do most of the work’ to hit deficit target
The Government’s “revenues will have to do most of the work” for it to hit an “ambitious” $131m full-year deficit target, with a major financial institution warning: “It all depends on the second half.”
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Insurer ‘very, very close’ on 55% Bahamas dependence
A Bahamian insurer says it is “very, very close” to hitting its goal of reducing its reliance on this nation to 55 percent of its property and casualty underwriting aggregates.
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FTX Bahamas chief gets over seven years jail
The former head of FTX Bahamas did not receive “any brownie points for being a whistleblower” to local regulators as a New York judge yesterday sentenced him to seven-and-a-half years in prison.
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CARIFTA Triathlon team announced
Following the completion of its Aquathon and Triathlon National Championships over the weekend, the Bahamas Triathlon Association has announced its team to represent the Bahamas at the 2024 Carifta Triathlon and Aquathlon Championships.
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Coach Tito Moss: We are always looking to improve
THE dust has now settled since the inaugural Red-Line Athletics Field Events Classic as well as the Youth Track Classic and coach Tito Moss voiced that the club is constantly looking to improve the delivery of these meets going forward.
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Don’t ‘tax your way to success’, Gov’t urged
Businesses yesterday urged the Government not to “tax their way to success” in tomorrow’s 2024-2025 Budget, arguing: “There’s only so much you can wring out of a stone.”
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Long-term Gov’t paper recovery two years out - but no bad thing
Demand for long-term Bahamas government debt is unlikely to recover until after a 2026 general election but that is not necessarily a bad outcome, a senior banker predicted yesterday.
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‘We are all at risk’ over Abaco port uncertainty
Abaco’s Chamber of Commerce president is warning “we are all at risk” as she urged the Government to clarify if it has selected a private operator to take over Marsh Harbour’s commercial shipping port.
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Teen pleads guilty to charge of wounding a man in Andros
A 17-year-old man was imprisoned yesterday after admitting to wounding someone in Andros earlier this week.
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Records broken at Red-Line Youth Track Classic
THE third edition of the Red-Line Youth Track Classic brought out multiple record-breaking performances this past weekend at the original Thomas A Robinson Stadium. Division Scores The Hurry Murray track club rounded up victories in three out of eight divisions at the two-day meet and last club meet for the season. They won the under-7 division with a total of 52 points. The host club was second with 39 points and Speed Capacity Maximised finished third at 34 points.
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Special Olympics Bahamas picks up three medals
SPECIAL Olympics Bahamas continues to excel in local, regional and international competition. Recently, athletes Colette Grant and Krystal Clarke travelled to the first Caribbean Regional Bocce Tournament, hosted by Special Olympics Cayman Islands in Grand Cayman at the Lions Centre, and racked up three medals in the process. The duo were joined by coach Cynthia Rolle and HOD Johneice Blyden over the weekend. Grant and Clarke teamed up in doubles action and ended with a bronze medal finish in the female doubles division (F2).
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Denisha Cartwright crowned double champion
In pulling down the curtain on what has been one of the most decorated collegiate performances at Minnesota State, Denisha Cartwright wrapped up her final appearance for the Mavericks on Saturday at the NCAA Division II Outdoor Track and Field Championships with some stellar accolades. At the Francis G Welsh Stadium in Emporia, Kansas State, Cartwright was crowned a double champion and a runner up in three of the four events she competed in to lead a host of Bahamians competing throughout the United States, including her new rival on the horizon on the professional ranks, in national record holder Devynne Charlton.
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$256m FTX properties to ‘hit market within 30 days’
FTX’s $256m Bahamian property empire is set to “hit the market within the next 30 days” after five to seven local realtors were selected to handle their disposal.
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Developer to unleash $1bn in properties over 5-6 years
A Bahamian developer is aiming to unleash $1bn in new real estate within the next five to six years as it likened this nation’s high-end property market to Long Island’s upscale Hamptons community.
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THE KDK REPORT: A split second, part one
THERE are days when life is so full of splendor and majesty that you can’t stop smiling. Consequently, like two halves of a coin, the inverse can also be true because light and dark co-exist on an ever-present basis. And, on the days when life feels dark and devoid of joy, time virtually stops. In the worst of circumstances, the grief is all-consuming. In the space where on a good day there would be happiness, there is only emptiness and it feels like it will last forever.
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Halkitis: Govt committed to avoiding tax increases
THE Davis administration will present its budget for the next fiscal year this week, and Economic Affairs Minister Michael Halkitis says the administration is maintaining its commitment to not raising taxes.
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FTX properties up for sale in next month
FTX’s $256m Bahamian property empire is set to “hit the market within the next 30 days” after five to seven local realtors were selected to handle their disposal.
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Budget must ‘move needle’ on creditworthiness, growth
The upcoming Budget must focus on “moving the needle” on The Bahamas’ access to affordable foreign currency financing and higher economic growth, a governance specialist urged yesterday.
