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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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Renovation contract for historic Fort Fincastle Water Tower signed
THE historic 126ft Fort Finecastle Water Tower will be renovated for $3m after being inoperable for 22 years.
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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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Steven Gardiner in the win column
STEVEN Gardiner continued his unbeaten performance on his international campaign heading into the Olympic Games in Paris, France, this summer with another thrilling victory in the men’s 400 metres.
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PM demands OECD, EU join global tax treaty talks
The Prime Minister yesterday renewed his demand for the groups that have frequently blacklisted The Bahamas to “join forces with the United Nations” and develop a global tax treaty fair to all countries.
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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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Airline ticket change fees waived for UB graduation
BAHAMASAIR will waive ticket change penalties for those travelling to New Providence for the University of The Bahamas’ upcoming graduation ceremony after changes in the time and location of the event prompted uproar from the graduating class.
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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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Mako Aquatics Club champions of CG Atlantic Invitational
THE Mako Aquatics Club emerged as the champions of the Barracudas’ ninth Annual CG Atlantic Medical Invitational over the weekend at the Betty Kelly Kenning Swim Complex. The two-day meet, staged on Friday and Saturday, was held in memory of the late coach Sue Coleby and featured clubs from New Providence and Grand Bahama. Mako, coached by Travano McPhee, accumulated a total of 1,372 points, holding the Barracudas, coached by Camron Bruney, who ended up second with 1,115 points.
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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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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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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.