Pension reform revival to cap $3bn unfunded Gov’t liabilties
The Government yesterday moved to revive long-awaited public sector pension reform in a bid to halt growth in unfunded liabilities that now stand at $3bn through the creation of a scheme where civil servants will help finance their own retirement.
Key tax arrears jump 27% to reach $1.8bn
Tax arrears owed to the Government under some of its most important revenue streams grew by $382m or 26.7 percent during the first nine months of the current fiscal year to hit $1.812bn at end-March 2026, Budget documents released yesterday revealed.
Taxpayer SOE subsidies surge by 19% to $655m
Taxpayer subsidies to loss-making state-owned enterprises (SOEs) are set to increase by more than $103m to $655m during the upcoming 2026-2027 fiscal year, driven largely by expanded healthcare spending, with other efforts focused on boosting transparency and efficiency for public-private partnerships (PPPs).
‘Cite the law’ used in $700m debt transfer
The Opposition’s leader yesterday urged the Government “to cite what law they are following” after it was revealed that $700m in net new borrowings, or debt, has been transferred to the National Investment Fund.
Finance minister hails ‘mould breaking’ growth
A Cabinet minister yesterday asserted that the Government is “clear eyed” about the challenges facing the Bahamian economy as he hailed this nation’s post-COVID rebound as “mould-breaking and outstanding”.
Bahamas’ import bill breaches $5bn mark
THE Bahamas imported around $5.1bn worth of goods in 2025, a 3 percent increase over the $4.9bn recorded in the prior year, while this nation’s total exports were relatively flat at $677.6m.
Sir Milo grandson’s legal ban: ‘Penalty doesn’t fit the crime’
A grandson of Sir Milo Butler, the first Bahamian governor general, yesterday disclosed he is “extremely crushed and disappointed” but still “holding my head high” after the prohibition on him practicing as an attorney for “misappropriating” $862,287 from AML Foods was upheld.
The Bahamas issues travel ban amid Ebola outbreak
THE Bahamas is denying entry to travellers from the Democratic Republic of Congo, Uganda and South Sudan, joining the list of growing countries to restrict travel from the Ebola-affected countries.
Injured girl forced to wait hours at PMH for registration
A TEENAGE girl injured in a serious crash was forced to wait for hours at the Princess Margaret Hospital (PMH) because no intake staff were on duty to register her despite doctors and nurses being present, according to her mother.
Attorney loses appeal over $862k missing funds
THE Court of Appeal has upheld a decision to disbar attorney Craig Butler after he admitted to misappropriating more than $862,000 in funds belonging to AML Foods Limited.
Infrastructure and health lead new national budget
WITH the Davis administration set to unveil its 2026/2027 national budget today, investments in infrastructure and healthcare are expected to remain key priorities.
Crashed plane not licenced to fly, say investigators
The plane carrying 11 Bahamians which was forced to ditch into the sea on election day when both engines failed should not have been flying, according to the crash investigating authority.
Carmichael Village’s contractor owned by drug suspect-tied firm
The contractor developing the Government’s flagship Carmichael Village affordable housing project is owned by the company linked to the election-day plane crash drug accused, corporate records reveal.
Buying home is ‘out of reach’ for most
Bahamian tourism and food industry workers earn on average just 38 percent of the salary needed to service a “median” New Providence mortgage and meet bank debt demands, it has been revealed, with this nation’s house price-to-earnings ratio branded “remarkably high”.
Murder suspect jailed after breaching bail for four months
A MAN awaiting trial for four murders was remanded to prison yesterday after allegedly breaching his bail conditions for nearly four months.
Officer concedes errors during cross-examination in Gibson trial
A FINANCIAL officer submitted a flash drive containing banking and company information relating to former Long Island MP Adrian Gibson and his co-accused as evidence continued in the ongoing trial yesterday.
Organisers expect strong Carnival turnout despite no state backing
BAHAMAS Carnival organisers say they expect a positive turnout for next week’s festivities even after deciding not to seek government sponsorship for extra funding support.
Officials unsure when delayed Lowe Sound school will open
EDUCATION Director Dominique McCartney-Russell said Lowe Sound Primary School is nearing completion, although officials are still unable to provide a firm opening date for the long-delayed campus.
Family left devastated after blaze destroys Golden Gates home
A WEEK after a devastating fire ravaged her family’s home, Briel Seymour said she is still struggling to process the loss as her nine-member family remains separated and staying with relatives.
