BAMSI-hosted 34th West Indies Agricultural Economics Conference kicks off

NASSAU, BAHAMAS— As the region continues to collaborate to analyze solutions towards food security and climate change, the Bahamas Agriculture and Marine Science Institute (BAMSI) is bringing together regional experts as it hosts the 34th West Indies Agricultural Economics Conference at Super Club Breezes from June 5 to June 9.  Under the theme “Emerging Challenges […]

LETTER TO THE EDITOR: VP Harris visit a chance to jumpstart Bahamas climate battle

Dear Editor, US Vice President Kamala Harris’ visit to The Bahamas presents an ideal opportunity to jumpstart our national sustainability and resilience-building efforts in the face of the urgent threats to our economy and communities posed by global warming and climate change.  Her meeting with Caribbean leaders in Nassau this week will center upon advancing […]

STAY TUNED: Halkitis says NIB issue will be addressed during budget debate

NASSAU, BAHAMAS — While prime minister Philip Davis made no mention of the National Insurance Board (NIB) during his 2023/2024 budget contribution, he will address the issue when he kicks off the budget debate, Economic Affairs Minister Michael Halkitis assured. NIB’s current state was predicted more than two decades ago by its seventh actuarial review—completed […]

Local small businesses suffering due to yacht tax

NASSAU, BAHAMAS — Bahamian small businesses servicing the charter yacht industry are hoping government will reconsider last year’s imposition of Value Added Tax, which they say is driving international vessels away from Bahamian marinas and causing harm to their livelihoods.  The charter yacht industry is often seen as an ultra-elite luxury sector that is very […]

Government revenue at $2.1 billion for first nine months

Prime Minister touts improvements in the country’s financial health NASSAU, BAHAMAS — Government revenue for the first nine months of fiscal year 2022/2023 amounted to $2.1 billion, representing a 14.5 percent increase compared to the previous year and nearly 74 percent of the budget forecast.  Total expenditure increased by $145.3 million to a total of […]

Opposition warns businesses of tax pressure as PM pledges improved compliance and enforcement

NASSAU, BAHAMAS — The Official Opposition issued a warning yesterday, cautioning businesses to anticipate continued government pressure in tax collection.  Free National Movement Leader Michael Pintard expressed those concerns following the budget communication, during which Prime Minister Philip Davis pledged no new taxes but emphasized improved tax compliance and enforcement. “The level of pressure they […]