Departures up nearly a quarter in November, says Central Bank
The tourism sector recording "healthy growth" with departures up 23.9 percent in November with the economy forecasted to maintain its growth trajectory for the remainder of the year, the Central Bank said yesterday.
Flat revenues and spending increase see rise in deficit
Flat revenues and a $47m increase in total spending resulted in a near-tripling of the government’s first quarter fiscal deficit year-over-year.
‘Rebound is welcome – but there’s work to do’
A top financial expert said while the economic rebound was significant, there is still a lot of work left to do to get the country back on a pre-pandemic growth path.
SunCash leading the way on transactions of Sand Dollars
A digital payments provider is proud to tout they are processing 80 percent of all Sand Dollar transactions as it leads the way to more business accounts for 2024.
Govt ‘not grasping at straws’ with business licence process
A former Bahamas Chamber of Commerce and Employers Confederation (BCCEC) chairman said the government is “not grasping at straws” with its new enhanced Business Licence audit verification process.
Hitting Gov’t deficit target ‘increasingly complicated’
The Government will find it “increasingly complicated” to hit this year’s 75 percent deficit-slash target, a major global bank has warned, while predicting this will “shift the debate back to tax reform”.
URCA’s BPL fuel tariff review ‘sounds bit odd’
The Opposition’s leader yesterday asserted “it sounds a bid odd” that regulators now plan to examine the lawfulness of Bahamas Power & Light’s (BPL) fuel charges having previously approved them.
Small Business Act: ‘Let’s close the deal’
A small business advocate is pledging to “close the deal” on legislation to advance the sector’s interests in 2024, adding: “This is my last year in pushing for this Act.”
Prove services exports deserve VAT-free rating
Bahamian accountants must prove audit and other services they provide to financial services entities are “for purposes outside” the jurisdiction to obtain VAT-free treatment, the tax authorities have ruled.
Don’t leave fiscal change until ‘things getting dicey’
The Bahamas must not leave the need for any fiscal adjustments to the stage where “things get a bit dicey”, a governance reformer advocated yesterday in backing the IDB.
IAN FERGUSON: How companies can get into the Christmas spirit
Christmas is finally and officially here. A time of joy, celebration, food and festivities. The most effective and successful companies are continually finding ways to give back through corporate social responsibility as well as spreading Christmas cheer to employees. This week’s column focuses on some last-minute suggestions for how small businesses can participate in the holiday spirit.
Sky diving provider burning $8,400 monthly in wait to become licensed
A skydiving excursion provider yesterday said it is burning through $8,400 per month on renting a plane it cannot use as it battles to obtain the necessary licences and permits.
Bahamians urged to guard against ransomware surge
A Bahamas-based cloud services provider yesterday warned consumers and businesses to on their guard for ransomware attacks as there is a "noticeable spike" during Christmas.
Bahamas invests $400k in first livestock feed mill for 40 years
Bahamian agriculture's push to reduce the country's $1bn annual food import bill has been boosted by the Government's $400,000 acquisition of the first new animal feed mill in 40 years.
Deficits overwhelm growth six-fold in driving debt hike
Weak economic growth has been overwhelmed by the six-fold greater impact of surging fiscal deficits and failed to keep The Bahamas’ debt ratios in check, a multilateral lender is asserting.
