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Bahamas Deputy Prime Minister tells students The Bahamas will eventually join WTO

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#Bahamas, November 2, 2017 – Nassau – The Bahamas will, eventually join the World Trade Organization and as a result there will be some demands placed on The Bahamas, which will be designed to reduce “artificial barriers to trade”, and cause the free flow of goods and services across borders.   This reality was brought to light to a group of primary and high school students by Deputy Prime Minister of The Bahamas and Minister of Finance, the Hon. K. Peter Turnquest.

“Traditionally, we earn most of our revenue through border taxes, customs duties and as we join the WTO, they are going to require us to reduce those taxes, either to zero or to the very low administrative rate, and as we do that, we are going to have to figure out how to replace that revenue, because we need money to run the government.

“That will mean that we will have to look at new forms of taxation or how we increase the yield we earn on existing taxes.”

The Finance Minister spent the first part of his morning on Monday, October 30, 2017, with the children at Mary, Star of the Sea Catholic School, where, following the school’s assembly, he presented a student with a special gift for an outstanding accomplishment.

Yana Swain of Mary, Star of the Sea Catholic School, was the National winner of an Essay competition, hosted by the Caribbean Organization of Tax Administrators, which was held in June of 2017. The theme of the essay was “Reformation of Taxes”.

Within the context of her essay, the young, grade eight student offered some suggestions as to how the government can go about implementing the necessary taxes in the country, in order to increase revenue.   Suggestions of income tax, asking those who make more money to pay more taxes, while at the same time increasing the national minimum wage, were among Yana’s ideas.

“Yana, if I had a junior minister of Finance, you probably would qualify,” Minister Turnquest jokingly suggested.   “Some of the ideas you presented are the same which some people may be thinking about and some ideas I dare not even speak about.

“But the truth is, if we are going to compete and continue to keep up with the rest of the world, we’re going to have to be creative about how we address this whole issue of raising Government revenue.”

Minister Turnquest told the student body that the Government must look at ways of making the whole process of paying taxes much simpler. The idea of consolidation of some taxes was one of the suggestions by the Finance Minister.

“Right now we still operate on a system — other than Value Added Tax — that we inherited from our Colonial days,” added Minister Turnquest.   “We have stamp taxes, excise taxes and other kinds of taxes. So we need to consolidate in order to make the tax paying experience smoother, easier and encourage them to comply.”

The Deputy Prime Minister congratulated Yana for her creative ideas and for thinking outside of the box.   He also encouraged the entire student body to continue to set the example for other schools in Grand Bahama and throughout the Bahamas.

“Mary Star has a tremendous legacy of producing successful people,” added Minister Turnquest.   “For years, when it came to the sciences, you have been on top and your performance in the SCEME competition is legendary.   I hope that you will continue to push forward in science, in technology and in engineering, because that is the new frontier and that is where we need to take this country.

“We need to recreate ourselves to being something more than just service oriented.   So, I encourage all of you to continue to be creative and to think outside of the box. And let’s remember, Yana’s accomplishment was not just for Grand Bahama, but she came out on top of all entrants throughout the entire Bahamas.”

Congratulations DsiaBefore going to his office to begin his day in helping to govern the country, Minister Turnquest stopped by the Internal Revenue office to present another student with her third place award for the same essay competition.

D’Asia Russell of Eight Mile Rock High School finished third overall in the National competition. In presenting D’Asia with her gift and certificate, Minister Turnquest said that her accomplishment was special because she represented the public school system.

“As a product of the public school system, this proves that in spite of all the challenges we have in our public school system, there is still hope for success for students in the public school system,” said Minister Turnquest.

By: Andrew Coakley (BIS)

Photo captions:

OUTSTANDING JOB – Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest (second from right) presents Yana Swain of Mary, Star of the Sea Catholic School, with her certificate and award for winning the essay competition hosted by the Caribbean Organization of Tax Administrators. Under the theme, “Reformation of Taxes” the essay competition was held in June of this year and Yana won over all of the entrants from The Bahamas. Also on hand for the presentation, which took place on Monday, October 30, 2017 at Mary Star, were Rosemary Pintard-Bowe, Acting Comptroller for the Department of Inland Revenue (second from left); Vice Principal of Mary Star, Mrs. Hanna (left) and Yana’s dad, Denzel Swain (right).  (BIS Photo/Lisa Davis)

CONGRATULATIONS D’ASIA – D’Asia Russell of Eight Mile Rock High School (third from left) receives her certificate and prize from Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest (third from right) for her third place finish in the Caribbean Organization of Tax Administrators essay competition, which was held in June of this year.  D’ Asia finished third nationally. Also on hand for the presentation on Monday, October 30, 2017 at the Department of Internal Revenue were Rosemary Pintard-Bowe, Acting Comptroller for the Department of Inland Revenue (second from left); Chester Cooper, Principal of Eight Mile Rock High (second from right) and Ms. Patricia Ennis, D’Asia’s literary coach (left).  (BIS Photo/Lisa Davis)

 

 

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Bahamian Man Extradited to Florida on Cocaine Trafficking Charges

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USA, April 23, 2026 – A Bahamian man has been extradited to the United States to face serious drug charges stemming from alleged offences committed several years ago.

Lernis Cornish Jr. was handed over to U.S. authorities on April 17, 2026, following extradition proceedings in The Bahamas. The case was heard before Chief Magistrate Roberto Reckley, who ordered that Cornish be surrendered to American officials. Cornish did not challenge the order.

He has since been transferred to Florida, where he is expected to face trial in connection with alleged drug-related activity dating back23 to 2020.

According to reports, Cornish is accused of possession of cocaine with intent to supply and conspiracy to possess cocaine with intent to supply. Related U.S. law enforcement notices also indicate that the matter is being pursued in Collier County, Florida, where authorities have listed charges including trafficking in cocaine and conspiracy to traffic cocaine, involving quantities of 400 grams or more.

The case now falls under the jurisdiction of the Florida court system, where prosecutors are expected to advance the matter through pre-trial proceedings ahead of any potential trial.

Extradition from The Bahamas to the United States is governed by bilateral treaty arrangements, allowing individuals accused of serious offences to be transferred to face justice in the requesting country once a Bahamian court is satisfied that legal requirements have been met.

Cornish’s extradition marks the continuation of a multi-year case, moving it from preliminary proceedings in The Bahamas into the U.S. judicial system, where the allegations will now be tested in court.

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

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New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

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

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

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

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