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PM hails Disney’s Lookout Cay as ‘monumental’ for Eleuthera
PRIME Minister Philip “Brave” Davis hailed yesterday’s official opening of Disney’s Lookout Cay at Lighthouse Cay in Eleuthera as a monumental achievement for that island’s tourism industry.
Gov’ts ‘cat and mouse game’ against wealthy tax evaders
A Cabinet minister yesterday said the Government is engaged in “a cat and mouse game” with wealthy tax evaders as it races to plug loopholes and secure the Bahamian people’s money.
Disney to beat local worker pledge by 30% at new port
Disney Cruise Line executives yesterday said they will exceed the number of full-time Bahamian jobs they pledged to create at their new south Eleuthera destination by 30 percent.
Culmer: Minnis was worst leader ever
CARL Culmer lifted the lid on his tenure as the Free National Movement’s chairman yesterday and described former Prime Minister Dr Hubert Minnis as the worst leader he has served in any capacity.
High-end real estate’s VAT underperform ‘shocking’
The Prime Minister’s assertion that the Government has collected just 8 percent of its VAT target for high-end real estate sales was yesterday branded “shocking” by industry professionals.
Recreational watercraft bill adds citizenship requirement
THE Davis administration yesterday tabled legislation that would transform the commercial watercraft industry and allow Bahamians to get the maximum benefit from the nation’s tourism industry.
The eProcurement platform has saved govt $16.5m, says Davis
PRIME Minister Philip “Brave” Davis said the government had saved $16.5m through its eProcurement platform, GoBonfire.
Davis: Public service workers salaries will be reviewed again
EVEN after compensation for public service workers increased by $35m this fiscal year, Prime Minister Philip “Brave” Davis said “salaries are too low” in the sector, and the government will perform a salary review to boost wages.
Budget increases for 21 govt agencies, including $7m increase for consultancy
CONSULTANCY services fees in the Ministry of Finance will increase by 35 per cent in the next fiscal year.
FNM ‘underwhelmed and disappointed’ over PM’s budget communication
THE Free National Movement is underwhelmed and disappointed by Prime Minister Philip “Brave” Davis’ budget communication, with the party’s leader, Michael Pintard, calling it much worse than last year’s speech.
Scepticism greets Govt’s 1-1.5% deficit projection
Fiscal analysts and the Opposition yesterday voiced scepticism that the Government will hit its revised deficit target range of $146m-$219m for the current fiscal 2023-2024 fiscal year.
BUDGET COMMUNICATION 2024/2025: Key Budget measures
As he outlined key budget measures, Mr Davis underscored the 2024/2025 Budget has no new taxes, with some adjustments made to fees on government services where the cost of providing that service has increased.
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.
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.”
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.
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.
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.
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.
‘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.
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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