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Gov’t holds firm as $259m deficit near-double target

The Government has not adjusted any of its 2023-2024 fiscal targets despite revealing yesterday that its $258.7m half-year deficit was almost double the full 12-month goal.

Gov’t eyes $140m ‘accrual’ over corporate income tax

The Government is exploring how Bahamas-based companies that will pay the new 15 percent corporate income tax can “accrue” a projected $140m in revenues before the enabling laws are enacted.

Deltec pleaded Bahamas law breach, poverty over FTX evidence demands

Deltec Bank & Trust pleaded poverty and violations of Bahamian law in a failed bid to block aggrieved former FTX investors from forcing it to provide evidence.

‘Sting operations’ net 1,500 pounds of illegal grouper

A senior fisheries official yesterday revealed that “sting operations” over the past three weeks have netted more than 1,500 pounds of Nassau grouper caught illegally out-of-season.

Kaitlyn first Bahamian female to participate in collegiate water polo

KAITLYN Williams, the first Bahamian female to participate in collegiate water polo, scored a goal as the Iona Gaels women’s water polo picked up a 15-13 overtime win over Salem over the weekend.

Forget the past

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The international stock markets have experienced an up-and-down week. In the US, the rise in producer prices was spoiling investors’ buying mood at the end of last week and the Dow Jones Industrial Average (DJIA) was falling. The German benchmark index, DAX, reached a new record high on Friday and left trading with slight gains.

Fidelity eyes $18m profit after ‘opening the hood’

A BISX-listed bank yesterday revealed it is targeting $18m in full-year profits for 2024 after “opening the hood” to assess why last year’s projections were missed.

‘Pregnant with opportunity’: FOCOL’s $25m rights issue

FOCOL Holdings is “pregnant with opportunities”, its chairman said yesterday, as it unveiled a $25m rights offering for existing shareholders to finance further expansion plans.

‘Not worth’ pursuing after $700m unpaid PMH fees

AN ex-health minister says “it’s not worth” committing resources to collect legally-mandated user fees from Princess Margaret Hospital (PMH) patients given that $700m-plus remains unpaid.

FNM: ‘Why BPL $184m debt not paid down by fuel hikes?’

The FNM’s finance chief yesterday said he is in the dark over why the proceeds from hiking Bahamas Power & Light’s (BPL) fuel charge by up to 163 percent have seemingly not been used to cut its $184m debt.

THE KDK REPORT: This life and the next

AT the start of a new year, it’s common practice as an adult to reflect on our lives. We assess our successes and failures throughout the preceding year and set goals for the near future. And every year, aside from wishing for more success, the hope ultimately is that we and our loved ones retain good health and even stronger relationships.

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