MP: Crown Land approvals four times' more than Minnis
The Davis administration was yesterday said to have approved in less than two years more than four times' the number of Crown Land applications granted by its predecessor during its whole term in office.
Tourism Development chief unveils 'City Pass' initiative
The Tourism Development Corporation's (TDC) head yesterday unveiled the development of a 'City Pass' that is designed to encourage locals to "fall in love with The Bahamas again" and boost domestic tourism.
Architects' chief 'can't let go' Building Control fight
The Institute of Bahamian Architects (IBA) president says his legal battle with Building Control "can't be let go" for the profession's greater good after he was refused permission to appeal to the Privy Council.
Abaco broker 'defrauded' on $9m crypto tech stake
An Abaco-based broker is alleging it was defrauded out of obtaining an up to $9m equity ownership stake in a technology outfit providing services to the global digital assets industry.
IAN FERGUSON: Why small businesses must rethink bank loans
Capital is critical to any business, enabling companies to acquire the necessary resources to start up, expand and maintain operations. Access to capital is thus essential for a business to grow and succeed in a competitive market. This becomes critical for small businesses that have limited capital to begin with, yet are competing against medium and larger companies with greater economies of scale.
Rent Control ineffective for protection of tenants
The Rent Control Act (RCA) was yesterday branded out-dated and ineffective by price control officials because it only applies to real estate valued at less than $75,000.
Budget sticks to planned targets
The Ministry of Finance's top official says the strength of the 2023-2024 Budget is that its projected $131m full-year deficit target largely aligns with the forecasts unveiled just months earlier in the annual Fiscal Strategy Report.
Bahamas in multi-billion blue carbon credit boost
The Bahamas yesterday received a "huge" multi-billion boost to efforts to monetise its 'blue economy' assets after a study pegged the environmental value of its seagrass beds at greater than 15 times' the country's COVID-era GDP.
Ex-minister: Health budget 'doesn't jive'
A former health minister yesterday argued that the Government's message of expanded services "doesn't jive" with 2023-2024 Budget cuts, asserting: "The numbers don't add up."
Govt's $61m surplus for quarter to March
The Government ran its third consecutive monthly fiscal surplus in March as the calendar year's traditionally revenue-rich first quarter saw revenues exceed spending by more than $60m.
NIB rate increase called 'absolute balancing act'
A senior hotelier yesterday urged the Government to be "judicious" with the size of future National Insurance Board (NIB) contribution rate increases as he described the situation as "an absolute balancing act".
First Mortgage Corp financials for decade
A Cabinet minister yesterday pledged to reveal the first Bahamas Mortgage Corporation audited financial statements for a decade by this September after the agency issued more than $5m worth of mortgages during the past two years.
Post Office can ‘fill gap’ over Out Island banking
A Cabinet minister yesterday suggested the Post Office Savings Bank can “fill the gap” and represent a viable solution to the financial inclusion crisis afflicting many Family Islands due to the commercial bank exodus.
Minister confirms 10% increase for taxi fares
A TEN percent increase in taxi fares was announced yesterday by Minister of Transport and Housing JoBeth Coleby-Davis.
Pintard: Cruise lines will bear cost of tax increase
Opposition leader Michael Pintard yesterday argued that new passenger taxes could cause cruise ships to seek cheaper destinations.
