‘Tremendous pressure’: FNM fears for $131m deficit target
The Opposition yesterday voiced fears that the potential $160m VAT under-shoot in the prior fiscal year puts the Government’s 2023-2024 revenue forecast “at risk” and leaves its $131m deficit target under “tremendous pressure”.
URCA ‘monitors’ but offers no relief from energy hikes
Regulators yesterday sought to reassure Bahamian households and businesses they are “monitoring” Bahamas Power & Light’s (BPL) sky-high bills but made no mention of any immediate relief from “compound billing’s” impact.
Bahamas First blames 50% of $4.3m loss on new rules
Bahamas First’s top executive has blamed more than 50 percent of the group’s $4.3m comprehensive loss for the 2023 first half on a major change to insurance industry accounting standards.
Flowers: Who will profit if changes made on casinos?
Craig Flowers, the FML group of companies chief weighed in on Bahamians being allowed to gamble in casinos and the implementation of standalone casinos on the Family Islands.
Tour operators: Rebound dampened by fee hikes
Bahamian tour and excursion operators were yesterday said to be enjoying a post-COVID bounce back with bookings some 15 percent ahead of 2019 levels.
Insurers open to work with gov’t over coverage pool
Bahamian insurers are willing to work with the Government in creating a pool mechanism that would make catastrophe coverage more affordable for homeowners and businesses, its association chief said yesterday.
Insurers open to work with gov’t over coverage pool
Bahamian insurers are willing to work with the Government in creating a pool mechanism that would make catastrophe coverage more affordable for homeowners and businesses, its association chief said yesterday.
ArawakX to fight solvency shut down bid ‘all the way’
The Bahamas’ first-ever crowd funding platform last night pledged to “go all the way to the Privy Council” if the Securities Commission moves to shut it down over “solvency” concerns following a key hearing today.
Cruise departure hike ‘real measure’ of fiscal success
The Ministry of Finance’s top official yesterday asserted that the 2023-2024 fiscal year is “very, very critical” for solidifying market confidence in The Bahamas with the cruise passenger departure tax hikes vital to achieving this.
Insolvent contractor’s staff recover just 10%
The Government and former workers are set to receive just over 10 percent of what they are owed by a Cavalier Construction affiliate, its liquidators have revealed.
Gov’t revenue goal ‘very close’ despite VAT miss
The Government’s top finance official yesterday forecast that it will “come very close” to achieving its total revenue and tax forecasts for the 2022-2023 fiscal year even though VAT could potentially under-shoot by up to $160m.
Bahamas’ 27% water heat surge ‘devastating’ to coral
The Bahamas’ July water temperature had “a devastating effect” on coral reef ecosystems after being heated to a level 27 percent higher than the monthly average, an international tribunal has been told.
Current residents in ‘dire straits’ over BPL outages
Bahamas Power & Light (BPL) yesterday blamed an underwater cable break for leaving residents of Current Island, off North Eleuthera, in “dire straits” due to prolonged power outages that have lasted more than a week.
Family Island consumers warned over food prices
The Retail Grocers Association’s president yesterday put the Family Islands, in particular, on alert for higher food prices due to the recent increase in fuel and associated shipping costs as a result of higher global oil prices.
Family Island consumers warned over food prices
The Retail Grocers Association’s president yesterday put the Family Islands, in particular, on alert for higher food prices due to the recent increase in fuel and associated shipping costs as a result of higher global oil prices.
