Opposition doubles down on ‘fiscal jeopardy’ claim
THE Opposition’s finance spokesman yesterday doubled down on assertions that “the Government’s fiscal projec- tions are in jeopardy” and need to be adjusted in next month’s mid-year Budget.
‘We’d have accepted 100-150%’: Government suspends boat fee hikes
Bahamian fishermen yesterday said they would “have no problem” paying 100-150 percent boat registration fee increases as they hailed the decision to suspend the “utterly devastating” four-digit hikes.
PwC chief: Business licence audits to be ‘intense process’
A SENIOR accountant yesterday affirmed the new Business Licence verification will be an “intense process” but both auditors and firms “should be able to” meet the Government’s deadlines.
‘No reason to panic yet’ on 91% deficit
THE Government’s top finance official yesterday assured he has “no reason to panic yet” over the early 2023-2024 fiscal deficit as VAT revenues for December exceeded the prior year by 16-17 percent.
Gov’ts GBPA arbitration ‘no confidence inspirer’
FREEPORT’S governing authority yesterday warned that the Government’s latest bid to collect on allegedly outstanding expenses does “not inspire confidence” in the city and its $1.5bn investment “pipeline”.
PharmaChem client pulled plug on overrun, output woe
PHARMACHEM Technologies’ sole customer yesterday confirmed to Tribune Business that it pulled the plug on the Bahamian drug maker due to cost overruns and its failure to meet production timelines.
FTX Bahamas wind-up ‘halted’ if no Ray deal
FTX’s Bahamas wind- up “would be halted” without a deal with their US adversary, its liquidators have revealed, as they seek an extension to the legally-mandated 90-day deadline to hold a first creditor meeting.
Inflation hits lowest annual increase since early 2021
INFLATION continued to slowly moderate in October 2023 with the trailing 12-month increase of 2 percent at its lowest level for more than two-and-a-half years.
Law firm unveils four promotions
A BAHAMIAN law firm has promoted two attorneys to senior associates while confirming another duo as associates after they completed their pupillage.
Security firms hope for spike in January
SECURITY firms yesterday said they are hoping for a spike in business during the typically-slower January due to the skyrocketing murder rate and increased fear of crime.
Bahamians told no visa is needed for UK travel
THE British High Com- mission yesterday advised that Bahamians do not have to fill out Electronic Travel Authorisations (ETAs) to enter the UK contrary to what a widely-circulated video is claiming.
Gov’t to protect casual worker on NIB rate rise
A CABINET minister yesterday said the Government is seeking to prevent casual and part- time workers from being “disenfranchised” through the upcoming National Insurance Board (NIB) rate increase.
FTX’s GoldWynn condos to be ‘absorbed at market value’
THE eight GoldWynn condo units newly-acquired by FTX’s Bahamian liquidators will be “readily absorbed by the market” when put up for sale, the project’s developer predicted yesterday.
Fishermen ready to protest boat registration fee hikes
A senior fishermen yesterday asserted he has "no intention of paying" a more than eleven-fold increase in boat registration fees with the industry said to be ready to protest in Rawson Square over the hikes.
FTX liquidators prevent $8m GoldWynn 'forfeit'
FTX's Bahamian liquidators prevented a near-$8m loss by completing the acquisition of eight condo units in the GoldWynn development at Goodman's Bay, it has been revealed.
