‘At a loss’: But Davis sticks to $70m deficit
The Opposition’s finance chief yesterday asserted he is “at a loss” over why the Prime Minister is standing by the $70m full-year deficit target despite overshooting this more than five-fold after just six months.
PM: ‘Hell no’ to IMF’s 15% VAT suggestion
The Prime Minister yesterday revealed his response to International Monetary Fund (IMF) recommendations that The Bahamas increase its VAT rate to 15 percent was: “Hell no.”
Bahamian cocktail bar gains ‘50 Best’ ranking
Bon Vivants, the Bahamian café and craft cocktail bar, in the ‘50 Best Discovery’ rankings for 2025.
Gov’t uses 73% of Budget Reserve during first-half
The Government spent 73 percent, or more than two-thirds, of the $60.275m allocated for its Budget Reserve Appropriation fund during the 2024-2025 fiscal year’s first-half, it was revealed yesterday.
PM pledges simpler tax filing via ‘OneTax’ portal
The Prime Minister yesterday pledged the Government’s new “OneTax” portal will make paying taxes easier and simpler as he hailed the revenue generated by enhanced compliance and enforcement efforts.
Cruise lines’ private islands ‘akin to many mega resorts’
Prime Minister Philip Davis said official growth estimates do not accurately reflect the “true scope” of the country’s economic activity and an assessment will be done on the full economic impact of the cruise industry.
PM explains high expenditure as ‘front-loaded’ capital spending
Prime Minister Philip Davis said his administration “front-loaded” capital expenditure during the first half of the 2024/2025 fiscal budget leading to record expenditure early in the budget cycle.
Golden Yolk no joke - as plans revealed to lessen bird flu risk
The Ministry of Agriculture is seeking to lessen the risk of bird flu by utilising tetra brown chickens for the Golden Yolk programme, which will be sold to wholesalers.
Marine sector not paying enough compared to other visitors - PM
The government will move forward with a strategic plan for the management of moorings, said Prime Minister Philip Davis yesterday, as he said the marine sector is “underrepresented” in revenue collections.
Country to stay ‘alert’ over US disputes with partners
THE Bahamas will “remain alert” for potential disruptions from trade disputes between the US and other global partners, Prime Minister Philip Davis said yesterday.
Fears Exuma moorings deal to be ‘repackaged’
Marina and environmental chiefs yesterday asserted that despite “relief all around” that the Exuma-wide moorings deal has been aborted there are still fears it will be “repackaged” and return in a different form.
Couple fail to halt Sandals’ chapel
A Bahamian couple have failed in their bid to halt Sandals Royal Bahamian’s construction of its newly-opened overwater chapel and dock upon which it sits.
Gov’t urged to justify deficit optimism in mid-year Budget
The Government must use today’s mid-year Budget to justify and “elaborate” on why it believes it will hit its full-year deficit target despite needing a more than four-fold increase in its second half surplus to do so.
URCA conducts research on communications usage
The Utilities Regulation and Competition Authority (URCA) yesterday said it has hired a consult to assess access to, and use of, information and communications technology (ICT) by Bahamians.
Resort’s bookings surge amid private pilot fall-out
An Abaco resort proprietor yesterday disclosed February bookings surged after a slow start to 2025 to give her confidence that a strong winter season will last into the summer months.
