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Government's revenue collection sees nearly 10 percent increase to hit $2.85 billion for FY2022/23
December 11, 2023
Government's revenue collection sees nearly 10 percent increase to hit $2.85 billion for FY2022/23
Opposition urges Davis administration to curtail unnecessary spending NASSAU, BAHAMAS — Revenue collection for the fiscal year 2022/2023 saw an almost 10 percent increase to reach approximately $2.85 billion, according to the government's budgetary performance review, with the Opposition urging the government to curtail unnecessary spending. The findings were contained in the recently released...
November 16, 2023
Commonwealth Brewery sees 11 percent growth in Q3 net revenue
NASSAU, BAHAMAS — Commonwealth Brewery experienced a notable 11 percent growth in net revenue during its third quarter, paralleled by a corresponding increase in operating expenses. The vertically integrated BISX-listed brewer in its unaudited financial statements for the nine months ending September 2023, noted that it continued its strong performance in 2023 driven by its [...]
November 03, 2023
Aetos Holdings launches Wendy's mobile kitchen on P.I. to offset revenue losses
NASSAU, BAHAMAS — A week after receiving site plan approval from the Town Planning Committee for the construction of Wendy's and Marco's Pizza restaurants on Paradise Island, the franchise holder has unveiled Wendy's new mobile kitchen at the site, which it says will allow the company to mitigate the loss in revenue due to the [...]
October 17, 2023
Exempt app has led to 90 percent increase in revenue at LPIA, says financial secretary
FINANCIAL Secretary Simon Wilson said the Exempt App has led to a 90 per cent increase in customer revenue at the Lynden Pindling International Airport, calling the customs app a "success story" despite complications some travellers have experienced.
October 17, 2023
Financial Secretary: We've Seen A 90% Revenue Increase At The Airport
NASSAU, BAHAMAS - There has been a big jump in the collection of customs duties at the Lynden Pindling International Airport. Financial Secretary Simon Wilson, says it is thanks to the June implementation of the Customs Exempt App.
Inland Revenue Officials Take Services To Bimini
October 02, 2023
Inland Revenue Officials Take Services To Bimini
NASSAU, BAHAMAS - The Department of Inland Revenue has been busy recently with a Family Island Compliance Tour after visiting Long Island and Abaco, they're now in Bimini.
Improved revenue no surprise, says opposition
September 14, 2022
Improved revenue no surprise, says opposition
East Grand Bahama Member of Parliament Kwasi Thompson, who is also the opposition's shadow minister of finance, said yesterday that the significant revenue increase touted by the government is no surprise given that the economy is now more open than it was during the COVID-19 emergency orders. The recently released Twelve Month Report on Budgetary ...
The post Improved revenue no surprise, says op...
DECLINE IN GOVT. TAX REVENUE
October 11, 2010
DECLINE IN GOVT. TAX REVENUE
By INDERIA SAUNDERS&K.NANCOO-RUSSELL
Guardianâ Business Desk
inderia@nasguard.com
krystal@nasguard.com
The government saw some $74 million less in tax revenue in the second quarter of 2010, according to the Central Bank--with much of the sharp decline attributed to a decline in stamp tax payments on property and financial transaction receipts.
The numbers were revealed in the bank's Quarter...
Decline in govt tax revenue
October 11, 2010
Decline in govt tax revenue
By INDERIA SAUNDERS&K.NANCOO-RUSSELL
Guardianâ Business Desk
inderia@nasguard.com
krystal@nasguard.com
The government saw some$74 million less in tax revenue in the second quarter of 2010, according to the Central Bank--with much of the sharp decline attributed to a decline in stamp tax payments on property and financial transaction receipts.
The numbers were revealed in the bank's Quarter...
Jamaica selected as Caribbean Marketplace 2011 venue
April 16, 2010
Jamaica selected as Caribbean Marketplace 2011 venue
At a press conference held Thursday in Kingston, Jamaica, the Caribbean Hotel & Tourism Association (CHTA) announced that Caribbean Marketplace 2011 will be held at the new Montego Bay Convention Centre from Jan. 16-18, 2011 and will be presented by CHTA, the Jamaica Hotel and Tourist Association (JHTA), the Jamaica Tourist Board, MasterCard and Virgin Holidays.
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