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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.”

Insurer ‘very, very close’ on 55% Bahamas dependence

A Bahamian insurer says it is “very, very close” to hitting its goal of reducing its reliance on this nation to 55 percent of its property and casualty underwriting aggregates.

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Gov’ts ‘ducks lined up’ on Black Point airport

The Deputy Prime Minister is urging Bahamians to exploit the $30m that will become available for farming, fisheries and other ventures post-June via the Bahamas Development Bank’s recapitalisation.

Police move to enforce licences for commercial vehicle drivers

A Bahamian commercial driver’s school teamed with the police to reinforce the importance of heavy vehicle operators obtaining the necessary licence.

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Renovation contract for historic Fort Fincastle Water Tower signed

THE historic 126ft Fort Finecastle Water Tower will be renovated for $3m after being inoperable for 22 years.

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Former MP Wells admitted to hospital again

FORMER Cabinet minister Renward Wells was admitted to hospital yesterday.

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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.

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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.

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Attorney attacks credibility of Rashae Gibson’s testimony

A TOP defence attorney attacked the credibility of Rashae Gibson yesterday as testimony continued in the criminal trial of Long Island MP Adrian Gibson and others.

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Ryan Salame, part of the 'inner circle' at collapsed crypto exchange FTX, sentenced to prison

A federal judge on Tuesday sentenced former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.

Don’t ‘tax your way to success’, Gov’t urged

Businesses yesterday urged the Government not to “tax their way to success” in tomorrow’s 2024-2025 Budget, arguing: “There’s only so much you can wring out of a stone.”

PM demands OECD, EU join global tax treaty talks

The Prime Minister yesterday renewed his demand for the groups that have frequently blacklisted The Bahamas to “join forces with the United Nations” and develop a global tax treaty fair to all countries.

Chamber chair calls for ‘tax code simplification’

The Chamber of Commerce’s chairman yesterday urged the Government to “simplify the tax code” and ease of doing business as he identified discrepancies in Business Licence filing requirements.

Carnival ‘blown away’ by GB cruise port interest

Senior Carnival Cruise Line executives yesterday said they have been “blown away” by the interest Bahamian bidders have shown in the retail and dining concessions at its new Grand Bahama port.

Central Bank teams with private sector for digital payments drive

The Central Bank yesterday launched long-awaited campaign to drive increased use of digital and online banking services by Bahamian businesses and households.

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.

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From surviving Dorian in Abaco to valedictorian of Brooklyn College

FROM surviving Hurricane Dorian to becoming the first black valedictorian of Brooklyn College, Rhema Mills’ story is not conventional or straightforward.

Cousin testifies Gibson said he felt ‘framed’

LONG Island MP Adrian Gibson reportedly believed his ex-fiancée framed and threw him “under the bus” by blaming alleged criminal activities at the Water and Sewerage Corporation on him.

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‘Cut taxes’ plea from business

THE business community hopes Prime Minister Philip “Brave” Davis will reduce taxes, simplify the tax code and improve the ease of doing business when he reveals the budget for the next fiscal year on Wednesday, according to the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) chairman Timothy Ingraham.