IMF WARNING TO GOVT ON DEFICIT: Spending expected to outpace income by three times forecast
The International Monetary Fund (IMF) last night blew a hole in the Government’s 2023-2024 Budget projections by warning the fiscal deficit will likely be almost three times’ higher than forecast.
200 hours of community service for debit card fraud
A MAN was ordered to complete 200 hours of community service yesterday after he admitted to using over $1,000 off a man’s debit card earlier this month.
Man found with 8 ounces of marijuana fined $1,000
A MAN was fined $1,000 after admitting to having more than eight ounces of marijuana in his Bain Town home last week.
Xavion signs deal with Bahamasair
With the rapid success he has achieved so far, judoka Xavion Johnson can now capitalise on his first local sponsorship deal, becoming the youngest partner of Bahamasair.
Inagua man jailed for alleged wounding of man with cutlass
A MAN was remanded after he allegedly wounded a man at a police station in Inagua and assaulted four others with a cutlass last week.
Women’s national soccer team prepare to host USVI
WITH a slightly different team that played in their first Gold Cup match, head coach Ricqea Bain is confident that the women’s national soccer team will perform much better as they christen the newly renovated field at the Roscoe Davies Developmental Center.
Junior tennis players off to college showcase in Maples
SEVEN of the country’s top junior players are heading off to Maples, Florida to participate in a college showcase, thanks to their involvement in Island Tennis Bahamas at the Atlantis resort on Paradise Island.
Briland ‘rolls with punches’ on Thanksgiving disruption
Harbour Island businesses yesterday said they had to “roll with the punches” over the Thanksgiving Day holiday weekend due to the loss of water supply and electricity woes.
Man accused of breaking into gas station sent to Sandilands
A MAN was sent to Sandilands Rehabilitation Centre after he allegedly attempted to break into a gas station in Andros earlier this year.
DEREK SMITH: The balance anti-money laundering officers strike
In an era where financial crime is as innovative as the technology that battles it, the role of the compliance officer in the anti-money laundering (AML) domain has never been more pivotal or pressured.
Cyber Monday beats retailer expectations
Retailers yesterday said Cyber Monday sales exceeded expectations as reduced prices and service deals drove increased consumer demand.
Gov’t unveils $1m grant to boost ‘food security’
The Small Business Development Centre (SBDC) yesterday received $1m in grant funding that will be distributed between small and medium-sized businesses to boost Bahamian “food security”.
WORLD VIEW: Breaking the OECD hold on global tax governance
“THE Organization for Economic Cooperation and Development (OECD) is nothing less than a Club of the world’s wealthiest countries which is determined to bend powerless countries to its will”. I wrote that statement in 2002 after four years of negotiations with the OECD against its unilateral imposition of a regime to counter what it called the ‘Harmful Tax Competition Initiative (HTCI)”, launched in 1998.
THE KDK REPORT: The changing tide
I was born in Nassau, Bahamas, many years after the 1960s civil rights movement and segregation fight that plagued America, our closest neighbour. So, as a young black child, with the fortune of time, I was mercifully and geographically shielded from the weight of my own complexion.
INSIGHT: By-election more of a revelation of the state of the FNM than a test of the PLP
WHEN the by-election in West Grand Bahama and Bimini was called following the passing of Obie Wilchcombe, there was a sense that it would be a mid-term test of the PLP administration. In truth, it seems to have turned out to be more of an assessment of the state of the FNM in opposition.
EDITORIAL: We should take time to give thanks
FOR some, the weekend gone was all about giving thanks.
Govt leasing 18 rooms for Bahamians displaced by shanty town demolitions
MINISTER of State for Social Services Myles Laroda said 18 rooms at the Poinciana Arena on Bernard Road have been leased to provide housing assistance to Bahamians displaced by shanty town demolitions.
Frustrated over no promotion in 31 years
AFTER 31 years without a promotion, Telsene Thompson thought her moment had finally come on Friday.
Corrections officers’ promotions will be delayed until 2024, says Glover-Rolle
PUBLIC Service and Labour Minister Pia Glover-Rolle said promotions for more than 400 Bahamas Department of Corrections officers won’t happen before the end of the year because the documents, which were recently submitted, must be processed one by one.
‘Very happy campers’ on 36% KFC pay increase
The hotel union’s president has predicted “there are going to be some very happy campers” after the newly-signed Kentucky Fried Chicken (KFC) deal gave line staff a 36 percent pay rise spread over five years.
