The world’s largest aviation association is urging The Bahamas to delay implementing a new border entry and exit regime for private pilots until early 2023 amid fears the process will be “very tedious, cumbersome and unintuitive”.
The Association of Bahamas Marinas (ABM) president yesterday warned that reforms set to more than triple the tax rate imposed on foreign yacht charters will “kill” an industry that last year directly injected $122m into the economy.
Moody’s last night warned of multiple “risks” to the Government’s fiscal consolidation projections due to the absence of any tax increases in the just-unveiled Budget, while spending restraint will “weigh on economic growth”
The Government is aiming to slash the portion of its debt held in foreign currency by more than 50 percent, a Cabinet minister said yesterday, as he reaffirmed the key components of its liability management strategy.
BAHAMAS Union of Teachers president Belinda Wilson says the union will hold off on industrial action for one week, after revealing that members have twice rejected counter proposals from government as it relates to salaries for members.
HERE’S a bet that you’re thinking a lot less this morning about the war in Ukraine than you were just a couple of weeks ago. It’s become kind of old news. That’s kind of amazing, considering that this is the first major land war in Europe in most all of our lifetimes – since 1945.
The Bahamian economy’s “exceptional” post-COVID rebound justifies revisions of more than $200m in key Budget projections, top officials asserted yesterday, despite Opposition fears of a “disconnect” that will undermine fiscal credibility.
The Government has temporarily shelved plans to slash subsidies to state-owned enterprises (SOEs) as it seeks Parliamentary approval to borrow $251.4m for clearing unpaid bills prior to the 2021-2022 fiscal year-end.
Realtors yesterday said it was “about time” that the Government doubled the annual real property tax cap and sought to close “loopholes” that enable high-end condominiums in hotel rental pools to largely avoid tax.
CG knows the importance of Medevac care
In 2021, Coralisle Group Ltd. (parent company of CG Atlantic Medical & Life) conducted more than 120 medical evacuations of CG Members to overseas hospitals where they received critical, often lifesaving emergency care. CG Atlantic Medical & Life has managed many oversees medical evacuations, including inter-island medical air evacuations.
The Prime Minister yesterday revealed the Government is targeting a further 20 percent reduction in electricity costs to below $0.20 per kilowatt hour via a combination of renewable energy and liquefied natural gas (LNG) related reforms.
OFFICIAL Opposition Leader Michael Pintard was critical of Prime Minister Philip “Brave” Davis’ budget presentation yesterday, saying it ought to have been about growth.
AS he unveiled his administration’s plans for the next fiscal year, Prime Minister Phillip “Brave” Davis announced a series of policy initiatives that are envisioned to assist Bahamians struggling with the inflationary high cost of living.
THE University of The Bahamas Mingoes will graduate one of its largest classes of student-athletes during this year’s commencement.
A top hotelier yesterday warned The Bahamas “must not allow apathy” to undermine the COVID fight, while admitting the surge in cases will make the Government “more tentative” over the further restriction easing sought by tourism.
Suggestions that today’s Budget will seek to “promote home ownership” and green energy yesterday generated calls for an attitude overhaul and a variety of tax reforms from participants in both sectors.
The Bahamas “cannot be complacent” despite yesterday being granted more time to determine its approach to the G-7/OECD-led push for a minimum 15 percent global corporate income tax rate.
I write to you as a concerned Bahamian citizen, urging The Bahamas Government to oppose the proposed amendments to the World Health Organisation's International Health Regulations, which would effectively cede the Bahamas' sovereignty to a globalist organisation seeking the power to control free nations' response to future health crises.
THE life and legacy of the late Leviticus Adderley will live on as the Alumni Association of St Augustine’s College hosts the inaugural ‘Unca Lou’ Adderley Charity Golf Tournament.
We previously considered The Bahamas’ debt sustainability, and looked at the challenges faced from a Caribbean context.