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FNM ‘underwhelmed and disappointed’ over PM’s budget communication

THE Free National Movement is underwhelmed and disappointed by Prime Minister Philip “Brave” Davis’ budget communication, with the party’s leader, Michael Pintard, calling it much worse than last year’s speech.

Scepticism greets Govt’s 1-1.5% deficit projection

Fiscal analysts and the Opposition yesterday voiced scepticism that the Government will hit its revised deficit target range of $146m-$219m for the current fiscal 2023-2024 fiscal year.

BUDGET COMMUNICATION 2024/2025: Key Budget measures

As he outlined key budget measures, Mr Davis underscored the 2024/2025 Budget has no new taxes, with some adjustments made to fees on government services where the cost of providing that service has increased.

Port: Inflation’s worst over as profits 8% above target

Nassau’s main commercial shipping port yesterday said “the worst of the disruption” from COVID inflation and supply chain shocks is over with its $8.5m profit at end-March almost 8 percent ahead of target.

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.”

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.

Implement Out Island tax retention, Gov’t is urged

Abaco’s Chamber of Commerce president yesterday urged that Business Licence rates for small farmers be slashed in today’s Budget and that Family Islands be allowed to retain a portion of their tax revenues.

Gov’ts ‘ducks lined up’ on Black Point airport

The Deputy Prime Minister is urging Bahamians to exploit the $30m that will become available for farming, fisheries and other ventures post-June via the Bahamas Development Bank’s recapitalisation.

Police move to enforce licences for commercial vehicle drivers

A Bahamian commercial driver’s school teamed with the police to reinforce the importance of heavy vehicle operators obtaining the necessary licence.

Former MP Wells admitted to hospital again

FORMER Cabinet minister Renward Wells was admitted to hospital yesterday.

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.

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.

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.

Attorney attacks credibility of Rashae Gibson’s testimony

A TOP defence attorney attacked the credibility of Rashae Gibson yesterday as testimony continued in the criminal trial of Long Island MP Adrian Gibson and others.

Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison

A federal judge on Tuesday sentenced former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.

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