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 […]

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 […]

Short-term rental market surges, one-third increase in total room nights sold

NASSAU, BAHAMAS — The Bahamas’ short-term rental market saw further positive trends during the month of April, with the growth in total room nights sold rising by one-third. The Central Bank in its monthly Economic and Financial Developments Report for April noted that in the short-term vacation rental market, data provided by AirDNA revealed further […]

Fatal accidents prompt police road safety advisory

NASSAU, BAHAMAS- Police have issued a road safety advisory in the wake of a series of recent fatal accidents and traffic mishaps in the capital. Police have advised motorists to adhere to the rules and regulations that govern the streets, including traffic signals, not drinking while driving, not using cell phones while driving  and not […]

Central Bank announces technical developments, upgrades for mobile wallet holders

NASSAU, BAHAMAS- The Bank of The Bahamas (BOB) will soon become the latest authorised financial institution (AFI)  to begin providing SandDollar wallet services to customers in a targeted and phased rollout according to the Central Bank, with the regulator also revealing technical developments and upgrades for mobile wallet providers. In a recently released public update […]

Art brunch raises funds for Lupus awareness

NASSAU, BAHAMAS- On Sunday May 21st, art lovers and supporters of Lupus 242 gathered on Paradise Island to paint, sip, socialise and support a worthy cause. Organized by attorney and avid art collector Miranda Adderley, the event was designed to allow Bahamian artists to share their talents all while giving back.     Visual artists Tayler […]