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News Article
June 20, 2023
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.

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News Article
June 15, 2023
$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.

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News Article
April 19, 2023
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.

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News Article
February 23, 2023
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.

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News Article
February 23, 2023
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...

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News Article
September 21, 2021
'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.

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News Article
May 26, 2021
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.

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News Article
May 20, 2021
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.

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News Article
May 19, 2021
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.

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News Article
January 07, 2019
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...

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