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Gov’t and Opposition fight on GDP growth

THE Government and Opposition yesterday battled over what real GDP growth that fell below expectations for 2023 means for The Bahamas’ short-term economic prospects.

Andros fire rages on

FIRE services continued to manage the massive Andros forest fire after additional fire fighters from New Providence arrived on the island to assist.

Property tax pace 20% up amid ‘over aggressive’ fear

Real property tax collections are pacing 20 percent ahead of the previous record year, the Government’s top finance official disclosed yesterday, as he predicted it will be “very close” to its full-year deficit target.

50% 'grease the wheels' bribe findings accurate

The Bahamian Contractors Association's (BCA) president says findings that almost half of firms seeking construction permits are asked, or expect, to pay a bribe are "accurate" amid a "grease the wheels" culture.

Over 100 Out Island firms aided by $30m BDB facility

The Bahamas Development Bank’s (BDBs) $30m loan facility is projected to benefit more than 100 Family Island businesses.

Albany chief in 'devastating and self-inflicted humiliation'

Albany's principal investor has admitted that pleading guilty to securities fraud is "a devastating and self-inflicted humiliation I will have to live with for the rest of my days".

Top KC sounds ‘dark side of Bahamianisation’ alarm

A PROMINENT KC yesterday sounded the alarm over the “dark side of Bahamianisation” for breeding mediocrity based on “a sense of entitlement”.

BTC union anger erupts on manager dismissals

The Bahamas Telecommunications Company’s (BTC) top executive yesterday said there will be times when the carrier and its two trade unions "vigorously disagree" amid demonstrations over staff terminations.

Bahamas financial services: 'Revisit' 15% minimum tax

The Bahamian financial services industry is calling for the 15 percent minimum global corporate income tax to be "revisited" as it violates the sovereign right of nations to set their own tax systems and rates.

Albany developer’s Bahamas return after spared jail time

ALBANY’S principal investor was given permission to return to The Bahamas as early as yesterday after being spared jail time following his previous guilty plea to securities fraud.

Boy found living alone in car last year is 'safe and attending school'

THE 12-year-old boy who was found living alone in a car last year is safe and now attending school, according to Education Minister Glenys Hanna Martin.

UPDATED: Parent dies at CARIFTA swim event

A PARENT from Grenada died during the CARIFTA aquatics championships on Saturday.

Wyclef Jean returns to Jerk Jam

Following his successful performance at last year's Nassau Paradise Island Wine & Food Festival, it was a no-brainer for organisers to invite superstar Wyclef Jean back for an encore appearance at the “Jerk Jam” event.

UPDATED PM: It is ‘intolerable’ that GBPA has not lived up to deal

PRIME Minister Philip “Brave” Davis threatened to begin arbitration proceedings against the Grand Bahama Port Authority (GBPA) if it fails to pay more than $300m owed to the government within the 30-day deadline.

Gov't in process of acquiring facility for domestic violence shelter

Amid concerns regarding the much-anticipated domestic violence shelter, Minister of Social Services Myles Laroda stated that it is on the government's agenda and will be realized shortly.

Former FTX chief Sam Bankman-Fried jailed for 25 years

Crypto entrepreneur Sam Bankman-Fried was sentenced on Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency.

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