Tax cuts ‘off table’ as energy crisis solution
The Bahamas has no short-term solutions for combating soaring energy and gas prices, a major fuel supplier’s chairman warned yesterday, adding that tax cuts were likely “off the table”.
Bahamas ‘struggling with the execution’ in corruption fight
The Bahamas is “struggling with the execution” of anti-corruption safeguards, governance reformers are warning, with accountability and transparency “aspirational” rather than real concepts.
IDB chief hails BPL fuel hedging impact
The Inter-American Development Bank’s (IDB) president yesterday hailed the impact of Bahamas Power & Light’s (BPL) fuel hedging strategy despite doubts on whether it remains in place.
IMF calls for ‘tax spending budget’
The International Monetary Fund (IMF) has urged The Bahamas to develop an annual “tax expenditure budget” to better identify revenue leakages and assess the economic impact of its spending.
Fishermen’s fury over poaching ‘slap in face’
Fuming fishermen yesterday slammed a Supreme Court verdict, which effectively imposed just a one-month sentence on four Dominicans, as “a slap in the face” for those battling illegal poaching.
The principles that help manage risk
Enterprise Risk Management (ERM) is a process, implemented by a company’s board of directors, management and other personnel, which is applied in strategy setting across the enterprise.
Businessman: Create more ‘Freeports outside Freeport’
A Grand Bahama businessman yesterday suggested that the Government create more “Freeports outside Freeport” until the situation with the existing city resolves itself.
Marijuana advocate makes call for greater consultation
A marijuana advocate yesterday urged the Government to engage in more consultation over planned legislation as it was difficult to get excited about the proposal without seeing it.
Port: No tariff rises to aid inflation fight
Nassau’s major commercial shipping port has pledged it will not increase any tariffs despite growing fuel and energy cost pressures that threaten its profit targets for the 2022 financial year.
Freeport ‘perishing from lack of vision’
A former MP yesterday said Freeport residents have been caught up in “a three-way love affair that’s gone awry”, adding: “Because of the lack of vision the people are perishing.”
Gov’ts 25% target requires more equitable tax system
A more progressive income-based tax system is needed to hit the Government’s “aggressive” 25 percent revenue-to-GDP target and prevent the gap between rich and poor widening.
Taxi and jitney owners pushing for fare hikes
Taxi and jitney drivers have warned they may have to push for fare increases to offset the impact of increasing fuel costs.
Seven years surplus to hit budget target
The government must achieve an “unprecedented and very challenging” four percent primary budget surplus for seven straight years to cut the debt-to-GDP ratio to 50 percent by 2030.
Bahamas must adhere to Russia sanction consensus
The Bahamas must “act in a manner consistent” with protecting its reputation and integrity as an international financial centre (IFC) on Russian sanctions, an ex-attorney general says.
Realtors hope ‘best year ever’ continues into 2022
Bahamian realtors are looking to ensure that 2022 is a continuation of the “best year ever” in high-end property transactions.
