Key tax arrears increase $104m
Outstanding tax arrears owed to the Government in three key revenue streams increased by more than $104m during the nine months to March 2025, it was revealed yesterday.
Three-month $364m surplus gives PM deficit confidence
The Prime Minister yesterday voiced confidence the $363.6m Budget surplus generated between February and April this year will enable the Government to hit its deficit target amid Opposition scepticism.
Gov't 'undoing half the trauma' through VAT medicines slash
The Opposition's chairman yesterday accused the Government of taking credit for "undoing half the trauma" it had caused by imposing 10 percent VAT on medicines, feminine and baby products.
Cruise ship islands facing tax compliance crackdown
The Prime Minister yesterday unveiled a tax compliance crackdown on the private island cruise line destinations that will be "the biggest driver" of Bahamian economic growth over the next five years.
TUC chief denies KC reward for labour pact
The Trades Union Congress (TUC) president yesterday denied the governing party’s assertions that he was made a King’s Counsel (KC) as an agreed reward for signing their pre-election labour pact.
Atlantis’ Marina Village hit by BPL, own outage
Atlantis lost power supply to its Marina Village yesterday due to a combination of generator challenges and a Bahamas Power & Light (BPL) outage that extended into a second day.
Unionist blasting Labour Day boycott: ‘Going to the extreme’
A veteran trade unionist yesterday branded the threatened Labour Day boycott by the Trades Union Congress (TUC), its president and affiliates as “going to the extreme”, adding: “I totally disagree with it.”
Opposition chair sounds Budget fee increase alert
The Opposition’s (FNM) chairman has sounded the alarm over potential fee hikes in today’s Budget despite the pledge of no new or increased taxes being branded “huge” for business confidence.
Realtors seek ‘period of consistency’ on taxation
Bahamian realtors are seeking “a period of consistency” on real estate-related taxation in a bid to eliminate annual Budget “fluctuations” they fear unnerve both Bahamian and foreign investors.
SEC: $554m Bahamas land deal flagged major scam
Foreign speculators with dubious ownership claims sought to sell a Cat Island property featuring “government offices and a bank” to a fraud-accused group in “crypto’s largest-ever real estate deal”.
$357m GBPA fight is ‘adding no value’
The Grand Bahama Port Authority (GBPA) and the Government were yesterday urged to resume their “franchisee and franchisor collaboration” amid concerns that their $357m dispute “adds no value”.
Land reforms ‘transformational for wealth ownership certainty’
A Bahamian developer says the proposed land reforms now before Parliament are “transformational” for this country’s citizens when it comes to “clarifying and transferring the ownership of wealth”.
‘It’ll make a hell of a difference’
Eleuthera’s Chamber of Commerce president yesterday affirmed “our big ask” for tomorrow’s Budget is “full access” to available tax and other incentives, adding: “It will make a hell of a difference”.
Gov’t partners for $35m hydroponic farm network
A Bahamian company and its Indian partner will invest $24.5m, or more than two-thirds, of the total $35m capital to roll-out a nationwide hydroponic farm initiative, it was revealed yesterday.
Minister says Golden Yolk ‘moving speedily ahead’
A Cabinet minister yesterday revealed half the 3,000 chickens set for the Bahamas Agriculture and Marine Science Institute (BAMSI) are now in Andros with the Golden Yolk initiative “moving speedily ahead”.
