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Bahamasair projects $8 million revenue jump with new jet acquisition
Bahamasair expects to grow its revenue by $8 million as a result of the acquisition of another Boeing 737-700 and the addition of new routes, Minister of Tourism, Investments and Aviation Chester Cooper said yesterday.
$85.3 mil. in govt revenue from cruise port next year
The government of The Bahamas is projected to rake in revenue of $85.3 million next year as a result of the redeveloped Nassau Cruise Port Ltd. (NCP), up from $72.3 million in revenue in 2019, according to numbers released yesterday by NCP.
February Fiscal Balance Nets $16.2 million Surplus; Government Revenues Improve $51.7 million Over Prior Year
February Fiscal Balance Nets $16.2 million Surplus; Government Revenues Improve $51.7 million Over Prior Year
The Ministry of Finance is pleased to release its monthly fiscal report on Government’s operations for the month of February 2023, as mandated by the Public Finance Management Act, 2021.
PM 'proud' of record-breaking revenue in tourism
PM 'proud' of record-breaking revenue in tourism
PRIME Minister Philip "Brave" Davis expressed his pride in the latest tourism statistics for visitor arrivals last year, placed at seven million, which resulted in "record-breaking revenue" for hotels and short-term rentals.
Revenue rises but deficit up
Revenue rises but deficit up
Declaring that his administration's plans and strategies are working, and that the "era of fiscal mismanagement" has come to an end, Prime Minister and Minister of Finance Philip Davis reported in Parliament yesterday significant revenue gains in the first six months of the fiscal year, but the deficit also remained robust, coming in at $285.7 million, which represented an increase of $7.8 million...
'First order of business is to stabilize revenue'
'First order of business is to stabilize revenue'
The new minister of economic affairs, Senator Michael Halkitis, yesterday said his ministry's first order of business will be to assess the current state of the country's finances and seek to stabilize the economy.
BCCEC: 90 percent of businesses in revenue slump
BCCEC: 90 percent of businesses in revenue slump
A recent survey of businesses on New Providence, conducted by the Bahamas Chamber of Commerce and Employers Confederation (BCCEC), shows that revenue remains down for 90 percent of them and in nearly half of those cases, revenue was down by 60 percent or more.
BTC on pace to hit half-year revenue goals despite slow economy
Bahamas Telecommunications Company's (BTC) Chief Executive Officer (CEO) Andre Foster said yesterday that the company had a good first quarter this year, but was "slightly behind" revenue objectives, which he owed to the slow return of economic activity in the country.
Bahamas First improves revenue results in first quarter
Bahamas First Holdings Limited realized revenue growth of $3.4 million in its first quarter of 2021, compared to last year’s first quarter, though the company was hit by an increase in claims, decreasing net underwriting income by 13.6 percent year-on-year, Bahamas First revealed in a press statement.
Inland Revenue open on Saturdays in January to help with business license renewals
The Department of Inland Revenue is opening its Client Services Centre on Saturdays for the month of January to support businesses applying for business licence renewals...