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Minister Thompson says Grand Bahamians Must Become Business Innovators

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#Bahamas, September 29, 2017 – Grand Bahama – In wake of powerful hurricanes, Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson says The Bahamas is learning a very painful lesson on why the economy must be diversified.   Tourism alone, he said, is not enough.

In opening the first Business-to-Business Expo at Pelican Bay resort on Thursday morning, Minister Thompson said that his office was mandated to focus on the economic revitalization of Grand Bahama and the Expo aligns with fulfilling that task, which he hopes will generate much needed growth within Grand Bahama’s broken economy.

“The Government has a focused strategy to improve our economy here in Grand Bahama,” said Minister Thompson.   “But we are painfully aware of our current state of affairs here in Grand Bahama.   Therefore we must ensure that local businesses and entrepreneurs are in a position to provide the ancillary services to our anchor companies within the Industrial sector.  And that’s what a forum like this Business-to-business Expo is all about.”

The Minister for Grand Bahama told Expo attendees that the revitalization of Grand Bahama will require a pluralistic approach, a part of which will include focusing on some big matters – like the opening and redevelopment of the Lucayan Strip, or focusing on iconic properties like Xanadu and Royal Oasis.   These, he said, are being aggressively pursued.

He said it will also require improving Grand Bahama’s means of doing business, as well as actively marketing Grand Bahama as a place to do business in the technology industry.   He noted that the focus will now have to be on not just tourism, but on maritime and manufacturing.

“This seminar is only one component in our overall strategy,” said Minister Thompson.   “So, while we want new businesses to come to Grand Bahama, we also want to ensure that businesses are able to take advantage of every opportunity that already exist here in Grand Bahama.

Opens expo“I want all of these anchor businesses and industrial companies to fulfill their duty, by ensuring that they indeed use the businesses that are represented in this room.   If a Grand Bahama business or entrepreneur can provide the service at a reasonable price, give them the contract.

“Today is not the end, but the beginning, as we shall be following up, fully expecting and demanding that wherever possible, local businesses be provided with the opportunity.   This has to be a continual dialogue.   This exercise must also be results driven and the results must be that more Grand Bahamians are given opportunities in Grand Bahama.”

Minister Thompson pointed out that the success of the inaugural Expo had nothing to do with the number of people who showed up, but rather would depend upon how many local businesses benefit from the Expo.

He challenged all of the business owners and representatives in the room that within six months there should be at least an additional five businesses that received additional opportunity as a result of what was done at the Expo.

“The Government’s role is that we are committed to making it easier for businesses to do business,” Minister Thompson added.   “The government is also committed to making it easier to be able to partner with international persons in order to make your business successful.

“So, I encourage all of you to be innovative in your approach to doing business.   The sad thing is, we in Grand Bahama can no longer expect that an opportunity is going to drop in our laps.   We live on an island that demands that opportunities sometimes have to be created. So, be creative, be innovative, take initiative, adjust yourself, find a problem to solve and if you do that, you will find a new business, which you can open and be successful.

“We are moving towards an era of entrepreneurship, ownership, partnership and civic engagement. As we continue to work towards making Grand Bahama the center for industry and innovation and the industrial hub it is destined to be, it is important that we embrace new ways of doing business.”

By: Andrew Coakley (BIS)

Photo Captions:  OPENS EXPO – Minister of State for Grand Bahama in the Office of The Prime Minister, Senator Kwasi Thompson was the keynote speaker at the official opening of the first Business-to-Business Expo at Pelican Point resort on Thursday, September 28, 2017.  The concept of the Business-to-Business Expo was born in the Office of the Prime Minister in Grand Bahama.  (BIS Photo)

ASKING A QUESTION – Senator Kwasi Thompson, Minister of State for Grand Bahama asks a question of a panel of executives from the Grand Bahama Shipyard, during question and answer period of the Business-to-Business Expo, Pelican Bay Resort on Thursday, September 28, 2017.

(BIS Photo)

 

 

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Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

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The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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The Bahamas Celebrates Andrew Young at 94 – A Legend Honoured with Love at Baha Mar Gala

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The Bahamas, March 18, 2026 – The Bahamas showed its deep affection for one of the world’s most respected civil rights leaders as Ambassador Andrew Jackson Young Jr. celebrated his 94th birthday in grand style at a gala held at the Eccho Art Gallery, Grand Hyatt Baha Mar on March 12, 2026.

The evening was filled with tributes, laughter and cultural pride, reflecting what many guests described as a genuine bond between Young and The Bahamas — a country he has long admired and visited often. Those in attendance said the celebration felt less like a formal event and more like a heartfelt tribute to a man whose life has helped shape modern history.

Prime Minister Philip Davis, Foreign Affairs Minister Fred Mitchell, Bahamas Ambassador to the United States Wendall Jones, and U.S. Ambassador to The Bahamas Herschel Walker were among the dignitaries offering remarks, along with Andrew Young Foundation President Gaurav Kumar and other international guests.

The event was co-hosted by veteran broadcaster Karyn Greer of WSB-TV Channel 2 Action News and Bahamian journalist Dr. Deborah Bartlett, who both reflected on Young’s lifelong commitment to justice, diplomacy and public service.

Born in 1932, Andrew Young is widely regarded as one of the most influential figures of the American civil rights movement. He worked closely with Dr. Martin Luther King Jr., served as a key leader in the Southern Christian Leadership Conference, and later became a U.S. Congressman, U.S. Ambassador to the United Nations under President Jimmy Carter, and Mayor of Atlanta.

Over the decades, Young has been honoured by multiple U.S. presidents, including receiving the Presidential Medal of Freedom, the nation’s highest civilian award, from President Bill Clinton. His diplomatic work, civil rights leadership and global humanitarian efforts have earned him recognition across the world.

Guests noted that even at 94, Young remains active, engaged and passionate about international cooperation and human rights, continuing to inspire new generations.

His wife, Carolyn McClain Young, delivered the vote of thanks, expressing gratitude for what she called the warmth and love shown by the Bahamian people.

The celebration ended in true island fashion with a Junkanoo rush-out, bringing guests to their feet in a joyful close to an evening that blended history, culture and admiration.

For many in attendance, the message of the night was simple — Andrew Young loves The Bahamas, and The Bahamas loves him right back.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Experts Analyze Economic Landscape; Opportunities and Challenges

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Nassau, THE BAHAMAS – From pressures on the independence of the US Federal Reserve and relations with China to the instability facing the global economic landscape and how it all impacts The Bahamas’ economy and prospects, Tuesday’s Central Banking Series hosted by University of The Bahamas (UB) in partnership with the Global Interdependence Center (GIC) peeled back the layers of the most critical factors impacting the world’s economic landscape.

At the one-day summit, top economic strategists, policymakers, academics, and economists gave frank and considered insights on the range of opportunities and challenges. In facilitating the high-level talks, UB’s Government and Public Policy Institute (GPPI) continues to provide the platform for evidence-based dialogue on public policy and reform.

“By convening world-class thinkers, policymakers, and practitioners here in Nassau, we affirm that The Bahamas is not solely a subject of global economic forces, but also a participant in the conversations that shape them,” said UB President Dr. Robert Blaine, III.

In his remarks, Minister of Economic Affairs Senator the Honourable Michael Halkitis acknowledged the ripple effects of financial shifts which put pressure on the Bahamian economy, yet he acknowledged that the economy is on the rise. He expressed confidence in the country’s readiness to adapt, citing a deep talent pool and expanding foreign and domestic investments.

“What makes this period particularly significant is the breadth of investment activity across sectors,” said Minister Halkitis, a UB alumnus. “Tourism development remains strong, but it is not the sole driver of growth. Investments are expanding into renewable energy, maritime services, digital infrastructure, agriculture, logistics and the blue and green economies.”

Economist and Former President and CEO of the Federal Reserve of Richmond, Dr. Jeffrey Lacker offered a sobering view on the independence of the US Federal Reserve, a topic that has attracted much national and international in the face of blistering pronouncements by US President Donald Trump.

Dr. Lacker said the Federal Reserve’s choice of monetary policy instrument and setting of the overnight interest rate that it controls should be “free of executive branch and congressional meddling.”

“And by meddling, what I mean is overtly expressed policy direction, opinions about where policies should go, expressed in a way that carries with it the implied threat of adverse consequences to either the individual or the institution, either in the form of legislative changes or some sort of political harassment,” he said.

“The value of insulating day-to-day, meeting-to-meeting monetary policy from pressure from elected officials with an eye on their next election is widely recognized. Neglecting that pressure, caving into that pressure is a road to short-termism, or short-term stimulus at the cost of inflation later on.”

Other pertinent conversations at the summit focused on digital initiatives for financial inclusion, monetary and fiscal policies and strategies in The Bahamas, and the impact of AI on macroeconomic conditions. There was also a special presentation on the history and value of gold. Students from Government High School were among the audience members gaining knowledge from experts.

“When we determined the theme for this year, being Challenges and Opportunities in a Dynamic Global Environment, we did not know what was going to evolve in recent times,” said GPPI Executive Director Zhivargo Laing, referring to the war that the US and Israel initiated against Iran. “So I would like to think that maybe there was a little bit of insight that was taking place during the course of our discussions. But we are here again for the third time with our partners at the GIC to entertain a deep discussion on just what are those challenges and opportunities in this very dynamic environment in which we find ourselves.”

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