Slowdown in inflation, reports Central Bank
The Central Bank of The Bahamas said inflation slowed to 4.1 percent in its monthly economic developments report for November.
Skydive company told to stop advertising its jumps
A skydiving excursion provider has been warned by the Civil Aviation Authority of The Bahamas (CAAB) to not advertise any jumps until given further approval.
Opposition raises alarm over skyrocketing Q1 deficit
The Opposition’s finance spokesman yesterday warned against an “exploded” deficit for Q1 and chided the government on holding back on its August and September fiscal report for so long.
Central Bank expects growth at ‘moderated pace’ in economy
The Central Bank revealed yesterday that the reduction in external reserve balances for November slowed by over $77.8m from 2022, reflective of net foreign currency outflows through the private sector.
GB chamber chief: Govt has to tighten its belt too
The Grand Bahama Chamber of Commerce president said more focus needs to be put on public expenditure and the government needs to tighten its belt just like the average Bahamian.
Online sales thriving - but in-store down on last year
Bahamian retailers are reporting a mixed Christmas sales period, but online platforms showed strong performance.
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.
