Debt jumps $256m on IMF rights borrowings
Much of the $256.2m increase in the national debt during the six months to end-December was driven by the Government’s “use” of $232.3m in IMF special drawing rights (SDRs), it has been revealed.
FTX creditors ‘fortunate’ Bahamas acted on hack
FTX’s US chief has admitted to the Delaware Bankruptcy Court that clients and creditors were “fortunate” The Bahamas acted to safeguard assets from theft by hackers in a total reversal of his previous attacks.
We must benchmark swift justice success
THERE are many moving parts to bringing about peace and justice for citizens of The Bahamas.
Architects chief loses building permit appeal
THE Institute of Bahamian Architects (IBA) president has pledged to “definitely” use any available appeal options after a court found there was “an abundance of evidence” to reject his building permit Judicial Review.
Sustainable tourism now the ‘fastest growing’ niche
SUSTAINABLE tourism has become the “fastest growing” segment of The Bahamas’ most important industry in COVID-19’s aftermath, a leading official says.
Earthquakes and history
ActivTrades
LARGE earthquakes have been a persistent threat to human civilisations throughout history, causing destruction and altering the course of entire societies.
Moody’s claims that we’re optimistic? We have to be
The Bahamas must “hold the line” on government spending to build investor confidence that it is not solely relying on economic growth “to fund any errors” in its fiscal projections, a well-known banker urged yesterday.
‘Can’t look other way’: Queries on 47% of Business Licences
A Cabinet minister yesterday said the tax authorities simply “cannot look the other way” when 47 percent of Business Licence applicants are submitting no turnover or “exactly the same amount for the last three years”.
Bran: 'Can't water out of stone' over health VAT
A former Democratic National Alliance (DNA) leader is blasting the Government's "misguided decision" to change the VAT treatment of health insurance claims payouts, arguing: "You can't get water out of a stone."
Sarkis set for August 2024 trial on $2.25bn CCA claim
Baha Mar’s original developer will see his $2.25bn fraud and breach of contract claim against the project’s main contractor go to a full two-week trial before the New York state court in August 2024.
FTX’s Bahamas cash shrank 76% in month before collapse
Cash assets held by FTX’s Bahamian subsidiary were “materially depleted” to the extent they shrank by 76 percent - or more than three-quarters - in the five weeks immediately prior to the crypto exchange’s implosion.
Businesses ‘not asked to do Inland Revenue’s job’
A Cabinet minister yesterday denied that the Government is “asking business persons to do the Department of Inland Revenue’s job” by providing the agency with their landlord’s property tax assessment number.’
Customs import clearing system off-line ‘for week’
CUSTOMS’ system for electronically clearing goods has been down for the past week and is “holding up” The Bahamas’ import economy, brokers confirmed yesterday.
Aviation fees dispute hits ‘diplomatic level’
THE DEPUTY prime minister says the Government is engaging at the “diplomatic level” with the US government over airline accusations that The Bahamas’ air navigation fees are discriminatory and anti-competitive.
Gov’t to double its share of treasure
A multi-million underwater explorer yesterday said it is “still evaluating the economics” after the Government moved to double its share from treasure salvaging in Bahamian waters.
