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.
Total $1.4bn SOE debts pose ‘a significant risk’
Total debts owed by the Government’s state-owned enterprises (SOEs) have hit $1.4bn to become “a significant risk” by exceeding 10 percent of annual economic output, the IDB has warned.
FTX settlement ‘proves naysayers were wrong’
The FTX settlement shows The Bahamas has “beaten expectations” and “proven the doom and gloom naysayers wrong” over the crypto exchange’s collapse, a well-known businessman argued yesterday.
URCA proposes 20% expansion in budget
The Utilities Regulation and Competition Authority (URCA) is for the second consecutive year proposing a major hike in its operating budget via a near-20 percent increase for 2024.
Commission asset turnover as part of FTX’s settlement
FTX Bahamas’ liquidators have agreed to use “commercially reasonable efforts” to ensure some $426m worth of digital assets held by the Securities Commission are transferred to their US counterparts.
Abaco residents renew water billing complaints
An Abaco resident says she has been hit with a $1,300 Water & Sewerage Corporation bill despite being absent from her property for over three years after it was devastated by Hurricane Dorian.
Business Licence audit can’t be ‘too draconian’
A Bahamian accountant yesterday warned against the enhanced Business Licence verification process becoming “too draconian” and urged that some flexibility be provided on a “case by case” basis.
Gov’ts $544m undershoot on Dorian and COVID-19
The two greatest crises in modern Bahamian history resulted in the Government’s 2019-2020 revenues falling $544.1m short of their target, its leading fiscal watchdog has affirmed.
‘Landmark breakthrough’: FTX Bahamas strikes new Ray deal
FTX’s Bahamian liquidators yesterday hailed the settlement reached with their US counterpart as “a landmark breakthrough” that will avoid “years of protracted litigation” which would cost creditors dearly.
Renewable investors tour Eleuthera plants
A group of potential investors yesterday toured Eleuthera power plants as the Government’s Family Island renewable energy sought to build momentum.
