06232025 HOME BUYER'S GUIDE
Monday, June 23, 2025.
Minister: Forecast Budget surplus remains 'big deal'
A Cabinet minister yesterday pledged that the forecast Budget surplus of $75.5m for the upcoming 2025-2026 fiscal year will be used to pay down The Bahamas' $11.7bn national debt if achieved.
Trade Commission restructure 'ushers in new economic era'
The Bahamas Trade Commission is “ushering in a new economic era”, aided by a restructuring that has created 12 different committees, as it focuses on issues such as export policy and diversification.
Bahamas incurs $1bn trade deficit for 2025 first quarter
The Bahamas incurred a $1bn trade deficit for the first three months of 2025 despite exports more than doubling year-over-year, it was revealed yesterday.
Gov't eyes completion of tax residency certificate
The Government is targeting completion of the tax residency certificate product that will allow expatriate residents to prove to home jurisdictions they are domiciled in The Bahamas and compliant.
Gov't targeting predatory 'payday lender' crackdown
The Securities Commission is working with the Government to develop legislation that cracks down on “payday lenders” offering loans at predatory interest rates, a Cabinet minister disclosed yesterday.
Promotion Board chief urges: ‘Rescind boating fees botch’
The Bahamas Out Island Promotion Board’s president yesterday branded new and increased boater fees as “a botch” that needs to “be rescinded immediately” amid ongoing visitor “uproar”.
Ex-Gaming Board staff’s ‘excessive’ $1.9m damages award overturned
The near-$1.9m in total damages awarded to five former Gaming Board employees was yesterday overturned by the Court of Appeal which branded their payouts as “excessive sums”.
Union leader urges PM: Be ‘man of your word’ on pensions reform
The Bahamas Out Island Promotion Board’s president yesterday branded new and increased boater fees as “a botch” that needs to “be rescinded immediately” amid ongoing visitor “uproar”.
Man charged with possession of over 5o images of child pornography on his phone
A MAN was granted bail yesterday after being accused of possessing over 50 images of child pornography on his cellphone.
17-year-old accused of murder granted $15,000 bail
A SUPREME Court judge has granted $15,000 bail to a juvenile accused of murder, requiring him to wear an electronic monitoring device.
Man accused of molesting 13-year-old girl
A 45-year-old man was granted bail yesterday after being accused of molesting a 13-year-old girl earlier this month.
Senior WSC official refutes claims she showed bias during internal audit
A SENIOR Water and Sewerage Corporation (WSC) official testified yesterday that she remained neutral while conducting an internal audit tied to alleged corruption at the WSC, refuting claims from the defence that she had shown bias.
Halkitis: Surplus is to pay down debt, not for new spending
ECONOMIC Affairs Minister Michael Halkitis yesterday sought to clarify the government’s projected $75m surplus for the 2025/2026 fiscal year, emphasising that the surplus is a direct result of fiscal discipline and will be used solely to reduce the national debt, not for additional spending.
Man killed in shooting incident on Newbold Street
A MAN has been killed in a shooting on Newbold Street, off Market Street.
Family grieves as man gunned down
HAROLD “KJ” Burrows Jr seemed poised to turn a corner in his life. At 21, he had just landed a job at KFC and was set to start his first shift Monday, a step he believed would help him better support his young family.
Barnett-Ellis: Govt passing laws without implementing
FREE National Movement Senator Michela Barnett-Ellis accused the Davis administration yesterday of enacting critical laws without implementing them, starving oversight bodies of funds, and misleading Bahamians about the true state of the economy.
Davis: Ask Leroy Major why he says PLP backbenchers feel sidelined
PRIME Minister Philip “Brave” Davis has brushed aside concerns raised by Southern Shores MP Leroy Major, who recently claimed that Progressive Liberal Party (PLP) backbenchers are sidelined and face difficulty accessing government resources for their constituencies.
Pintard: FNM govt will strictly enforce Public Procurement Act
FREE National Movement (FNM) Leader Michael Pintard has pledged that, if elected, his administration will strictly enforce the Public Procurement Act — requiring all state-owned enterprises to publicly disclose their procurement procedures and any contracts awarded over $25,000.
Woman accused of aiding killers in reservist murder
A WOMAN was granted $10,000 bail yesterday after being accused of assisting the suspects in the murder of Reserve Inspector Lernex Williams earlier this month.
