OPM slams Pintard, FNM over “economic mess”

NASSAU, BAHAMAS- The Office of the Prime Minister yesterday slammed the Free National Movement (FNM) and  leader Michael Pintard over criticisms of the recent budget communication, arguing that the former administration left the country in an “economic mess.” In a statement last night Office of the Prime Minister said, “By any measure, the FNM left […]

GBPA agrees with PM’s call for “decisive action”, but urges collaboration

NASSAU, BAHAMAS — The Grand Bahama Port Authority (GBPA) said yesterday that it agrees with Prime Minister Philip Davis that “decisive action” is required to continue to achieve the promise of the Hawksbill Creek Agreement, as it outlined a number of issues that need to be addressed.  Prime Minister Philip Davis during his 2023/2024 budget communication […]

C&W ready for 2023 atlantic hurricane season

MIAMI, FLORIDA — C&W Communications, operators of the Flow, Flow Business, C&W Business, and BTC brands in the Caribbean, has confirmed the readiness of its hurricane preparations across the region ahead of the 2023 Atlantic Hurricane Season, which begins on June 1.  Although early hurricane forecasts from Colorado State University and The Weather Company are […]

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 […]