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Joel Forbes breaks Chris Brown’s 800m national record
CHRIS 'Fireman' Brown said he was surprised that it took 25 years for his Bahamian men's national 800 metre record to be broken.
'Hanging' no longer: PM affirms NIB rate increase
Private sector executives last night voiced relief that The Bahamas is no longer "hanging on this thing" after the Prime Minister confirmed a National Insurance Board (NIB) contribution rate increase will be implemented on July 1, 2024.
Budget deals marinas 'another slap in face'
A former Association of Bahamas Marinas (ABM) president yesterday asserted that the Budget has dealt the industry "another slap in the face" through multiple fee increases for dockage and vessel registration.
Ex-PM: 'Grave mistake' on $86m hospital funds
A former prime minister is charging that the Government made "a grave mistake" by returning more than $86m in low-cost financing for Princess Margaret Hospital's (PMH) expansion to the original lender.
Property tax cap up 25% to hit $150,000
Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.
Petroleum retailers agree to 'phased in' margin increase
Bahamian petroleum retailers yesterday said they will accept a "phased in" 30 cent per gallon margin increase as they urged the Prime Minister to meet with the sector this week "to put this baby to sleep".
UK tells Bahamas: Let’s expand 295% export rise
The UK wants to build on last year's 295.1 percent increase in Bahamian exports and thus cure its "historical commercial underrepresentation" in this nation, its trade chief for Latin America and the Caribbean has revealed.
'Can't tax Bahamas into better health'
Caribbean Bottling Company's top executive yesterday warned "you cannot tax a country into good health" amid private sector fears that a so-called 'sugar tax' will be a “poison pill” for small business.
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.
Marina chief: Fee rise now 'makes way more sense'
A former Association of The Bahamas Marinas (ABM) president yesterday argued the Government could have allayed fears over major hikes in yacht and boat registration fees if its Budget messaging was better.
Local excursion operators: Tax foreign charters more
Bahamian excursion operators yesterday said this nation should ban foreign yacht charters on vessels below a certain length as well as requiring this sector to pay Business Licence and work permits fees.
'Impossible situation' fear on FTX Bahamas wind-up
FTX Bahamas' liquidators yesterday warned they will be placed in "an impossible situation" if they are forced into a "never-ending" legal battle with their US counterparts as operating cash has dwindled to less than $1m.
BAAA Age Group Trials, Kids’ Athletics combine hailed a success
THE Bahamas Association of Athletic Associations hosted a successful combined Age Group Trials and Kids Athletics Championships over the weekend at the original Thomas A Robinson national stadium.
Chloe Rounce on course for US-Kids Golf World Junior Championships
CHLOE Rounce, who now resides in Florida, will be one of the few Bahamians participating in the US-Kids Golf World Junior Championships in Pinehurst, North Carolina from August 2-6.
Levy-raising power is 'too open ended'
Governance reformers yesterday argued that the discretion afforded the minister of finance by proposed legislation enabling the introduction of so-called 'sin' or 'sugar' taxes is "too open ended".
Moody’s: Govt must broaden revenue
Moody's yesterday asserted that hitting the Government's fiscal targets "rests on broadening the revenue base" as a prominent banker urged the administration: "Stop saying no new taxes."
Oil price rise to harden Gov'ts margin stance
A Cabinet minister yesterday warned that any spike in global oil prices caused by Saudi Arabia's imminent production cut will further harden the Government's stance against granting petroleum retailers a margin increase.
20% of Gov'ts fixed costs go to debt bill
One out of every $5 spent by the Government on its recurrent costs during the upcoming 2023-2024 fiscal year will go towards paying the $612.726m interest bill on its outstanding $11bn-plus national debt.
BAIC, ZNS get $5.7m for arrears 'clean up'
The Ministry of Finance's top official yesterday said the $5.7m allocated for "balance sheet clean-up" at two loss-making government agencies will likely "widen" in upcoming fiscal years to other state-owned enterprises (SOEs).
Gov't still focused on food and medicine price control
A Cabinet minister yesterday said the Government "feels inclined" to expand price controls on food and medicines, after previous such initiatives ended earlier this year, as it takes a "stand for consumer rights".
