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Seasonal rush expected at LPIA
LYNDEN Pindling International Airport officials urge travellers to pack patience for this weekend, which they expect to be the busiest of the year, surpassing the number of travellers last year.
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PHA confirms 145 infections of dengue fever with six hospitalised
PUBLIC Hospitals Authority Managing Director Aubynette Rolle said six people are hospitalised with dengue fever.
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BPL CEO rates company 8 out of 10
BAHAMAS Power & Light CEO Shevonn Cambridge rates BPL’s performance an eight out of ten.
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Real estate ‘bull can only run for so long’
The Bahamian property market is “correcting itself” to more sustainable pre-COVID highs, realtors agree, with 2023 second quarter New Providence home sales down 21 percent as “the bull can only run for so long”.
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GSSSA sudden death playoffs underway
With the soccer nationals looming in the background, the junior and senior teams sudden death playoffs kicked off yesterday for the Government Secondary Schools Sports Association (GSSSA).
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FTX: $7.7bn owed to Bahamas ‘misleading’
A key financial adviser to FTX's US chief yesterday disputed as "misleading" assertions that some $7.7bn is currently owed to the failed crypto exchange's Bahamian subsidiary.
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Govt's $61m surplus for quarter to March
The Government ran its third consecutive monthly fiscal surplus in March as the calendar year's traditionally revenue-rich first quarter saw revenues exceed spending by more than $60m.
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Stopover visitors exceed pre-COVID high by 30%
Stopover arrivals beat pre-COVID highs by more than 30 percent in September with the economy forecast to hold its “growth momentum” into 2024, the Central Bank said yesterday.
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Bahamas to grow 'in low 2% range' in '24
Improvements to workforce productivity and the ease of doing business are critical to boosting economic output with Bahamian GDP forecast to expand in "the low 2 percent range" in 2024.
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Revenue surge to $274m via corporate tax switch
The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.
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Corporate tax plan 'dead on arrival' unless wider reform
The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.
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Craig Flowers and FML face winding-up petition
FML's ex-chief operating officer has filed a Supreme Court petition to have the web shop chain wound-up as his five-year legal battle with Craig Flowers escalates into a new phase.
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PETER YOUNG: Immigration is top of agenda again in Britain
A widely familiar refrain is that politics is a dirty business.
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FTX real estate sell-off can’t cover $256m debt
The sell-off of FTX’s high-end properties “will not be sufficient” to fully repay the $256.3m debt owed to the crypto exchange’s Bahamian subsidiary, it has been asserted.
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Bahamian realtor generates $100m sales after rebrand
A rebranded Bahamian real estate firm generated $100m in property sales during its first week of operating under two international industry names.
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Fidelity ‘not revising’ $16m profits target
Fidelity Bank (Bahamas) yesterday said it is “not revising” its $16m profit target for the 2023 full-year despite its bottom line for the first nine months slumping by 31.5 percent year-over-year.
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Bahamas cool over IMF interest rate rise nudge
THE Bahamas has reacted coolly to persistent nudging from the International Monetary Fund (IMF) that it should raise short-term interest rates to narrow the gap with those in the US.
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Stopover tourists strike 94% pre-COVID levels
TOTAL air arrivals to The Bahamas in May hit 94.2 percent of pre-COVID’s 2019 high, the Central Bank revealed yesterday, with overall visitor numbers for the first five months of 2023 some 68 percent ahead of last year.
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Insolvent contractor’s staff recover just 10%
The Government and former workers are set to receive just over 10 percent of what they are owed by a Cavalier Construction affiliate, its liquidators have revealed.
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Act like a developed country
The World Bank classifies The Bahamas as a “high income, developed country”, while the International Monetary Fund places our nominal wealth per capita as slightly higher than that of Japan. We have, in our independent history, never been a “middle income” country or even close.
