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Businesses awaiting Budget with 'anxiety'

Bahamian business owners yesterday admitted to feeling "some anxiety" over today's Budget as the Davis administration was urged to prioritise ease of doing business reforms to generate faster economic growth.

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Corporate tax paper 'setting foundation' to broaden base

A prominent banker yesterday asserted it was no accident that the Government released its corporate income tax 'green paper' just days before the Budget, adding: "It needs to increase its revenue base."

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Deficit's 75% cut hinges on $400m revenue surge

The Ministry of Finance's top official yesterday asserted he is "very confident" the Government will increase revenues by $400m year-over-year, and slash its fiscal deficit by 75 percent, in the absence of new and/or increased taxes.

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'Throwing darts': PM pledges 'decisive action' on Freeport

The Prime Minister's decision to put the Grand Bahama Port Authority's (GBPA) owners on notice that he plans to take "decisive action" to halt Freeport's two-decade decline yesterday provoked mixed reactions from residents and politicians.

Boating industry watches for VAT yacht charter ease

A former Association of Bahamas Marinas (ABM) president says the industry is "eagerly" waiting to see if the VAT on yacht charters is adjusted in today's Budget as he blamed its imposition for a 20 percent gross revenue fall at his business.

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'Huge lift': Land free-up for Bay Street's revival

A former tourism minister yesterday admitted that reviving downtown Nassau is "a huge lift" that would require "cutting" a corridor from East Street through to Dowdeswell Street to free-up land for redevelopment.

“What does decisive action mean?”

The Grand Bahama Chamber of Commerce's president yesterday said he wants more information on what the Prime Minister means on “decisive action” on the Grand Bahama Port Authority (GBPA).

Pintard criticises ease of doing business

The Leader of the Opposition said the government has not improved the ease of doing business and said it is “quite the opposite".

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Forecast 78% deficit slash 'significant ask'

Achieving current projections of a 78 percent year-over-year cut in the Government's fiscal deficit will be "a significant ask" based on existing trends, a governance reformer warned ahead of today's 2023-2024 Budget.

Cruise port leases Kelly's dock for ground transport

Nassau Cruise Port's (NCP) chief executive says the new taxi call-up system will have a dedicated sales desk and better organisation for visitors seeking transportation following Friday's opening.

Half of Royal Caribbean's PI investment on site clean-up

A senior Royal Caribbean executive yesterday disclosed around half the investment in its Paradise Island project will be spent on cleaning and restoring much of the 17-acre prior to construction starting.

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Cruise port's chair eyes 'missing 10%'

The chair of Nassau Cruise Port's ultimate parent says he is "90 percent-plus satisfied" with its $322.5m transformation as he waits to see it drive increased visitor spend and more passengers exiting their vessels.

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Sir Franklyn's developer in $7.5m battle with MIT chair

Sir Franklyn Wilson's Eleuthera Properties is locked in a legal battle with Massachusetts Institute of Technology's (MIT) chairman emeritus over the latter's bid to exit his $7.5m investment in the Bahamian developer.

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Gov't near-tripling cruise departure tax to $145m

The Government is aiming to near-triple revenues earned from departing cruise passengers to $145m in the 2023-2024 Budget via a series of new and increased fees, it was revealed yesterday.

Swimmers make a splash at Mako meet

IN the lead up to the Bahamas Aquatics’ National Championships in two weeks, the Mako Aquatic Swim Club hosted a successful Mako Third Annual Oak Tree Medical Invite on Saturday at the Betty Kelly Kenning Swim Complex.

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GAS DEALERS WANT 30 CENT INCREASE – Association: Govt discussed change to fuel margins

Petroleum retailers say they refuse to become "paupers" as they intensify demands for a 30 cent per gallon margin increase which they have been seeking to obtain from the Government since April 2022.

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Darville says construction to soon start on nine climate-friendly clinics

CONSTRUCTION will soon begin on nine new “climate-friendly” clinics that will serve as hurricane shelters, Health and Wellness Minister Dr Michael Darville said.

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VAT filing cut for $5m companies

The Ministry of Finance's top official yesterday voiced optimism it will "not be a big problem" for Bahamian companies with annual turnovers exceeding $5m to file and pay their VAT returns within 14 days.

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Knights, Dragons take home hardware

THE Samuel P Haven Jr National High School Soccer Championships commenced from May 19-27 to see which school would take home the championship hardware after more than one week of soccer action.