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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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Bahamas Issues Cybersecurity Alert Over Akira Ransomware Threat

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Nassau, The Bahamas, October 22, 2026 — The National Computer Incident Response Team of The Bahamas (CIRT-BS) has issued a cybersecurity advisory warning businesses, government institutions and other organisations about the growing threat posed by Akira ransomware, a cybercriminal operation capable of stealing sensitive information, disrupting networks and demanding ransom payments.

Active since March 2023, Akira operates through a Ransomware-as-a-Service model, with affiliates exploiting weaknesses in computer networks to gain unauthorised access.

Once inside, attackers can steal confidential data, disable recovery systems and encrypt files, preventing organisations from accessing critical information.

Particularly concerning is Akira’s use of double extortion, threatening to publish stolen information unless victims pay. Some attacks involve data theft without encryption.

The October 22 advisory identifies vulnerabilities involving Cisco and SonicWall firewalls, VPN services, Microsoft Remote Desktop Protocol, Veeam backup systems and outdated Windows and Linux operating systems. VMware ESXi and Nutanix AHV environments are also potential targets.

Attackers may exploit unpatched software, stolen login credentials and inadequately secured remote-access applications, including AnyDesk and RustDesk.

Warning signs include unexpected administrator accounts, unusual remote logins, unauthorised software installations, suspicious backup activity, mass file changes and ransom notes.

CIRT-BS recommends immediate security updates, multifactor authentication, restricted remote access, stronger network monitoring and secure backups maintained separately from operational systems.

Organisations should also remove unnecessary internet exposure of remote desktop services, limit administrative privileges and regularly test backup restoration.

The advisory does not identify any confirmed Akira attack against a Bahamian organisation but highlights vulnerabilities that could expose institutions to serious financial and operational disruption.

Cybersecurity incidents can be reported to CIRT-BS at soc@cirt.bs or through its official website.

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Energy Minister Delivers Electrifying Keynote Opening Address at CAREC 2026  

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NASSAU, The Bahamas – The Bahamas’ Minister of Energy, Utilities and Aviation, The Honourable JoBeth Coleby-Davis, delivered an electrifying address during the opening ceremony of the 2026 CARILEC Resilient/Renewable Energy Community (CAREC) Conference and Exhibition, being held October 18–22, 2026, at the British Colonial Hotel in Nassau, The Bahamas.

Under the theme “Empowering Progress: Strategic Policy and Planning for the Energy Transition,” the event draws more than 200 industry leaders, policymakers, regulators, and energy professionals committed to advancing practical strategies for sustainable and reliable Caribbean power systems through renewable energy and emerging technologies.

During her address, titled “The New Energy Era: Transforming Policy into Progress,” Minister Coleby-Davis reminded attendees that The Bahamas’ national motto, “Forward, Upward, Onward, Together,” aptly describes what the region’s energy transition demands.

“Empowering Progress speaks directly to our national motto. Not waiting for progress, but creating the conditions that allow progress to happen. Meaningful progress, however, does not occur by accident. It requires vision, sound policy, strategic planning, strong institutions, and the determination to turn decisions into results,” said Minister Coleby-Davis.

Participants acknowledged that small island developing states share similar pressures, compounded by geographical challenges, small electricity markets, ageing infrastructure, geopolitical influences, and the growing threat of severe weather.

Tasked with ushering in a new energy era across the islands while addressing the challenges posed by The Bahamas’ unique archipelagic composition, Minister Coleby-Davis said, “Every island needs a different answer, but the same logic. As an archipelagic nation, we must provide electricity across many islands, each with its own demand and infrastructure needs. Our strategy, therefore, must be national in direction, but responsive to individual communities.”

Restating her Ministry’s three core messages—that energy is an economic and security priority, technology must be viewed as a tool to support strong institutional leadership, and natural gas should be considered a bridge, not a destination—Minister Coleby-Davis reiterated that “progress must now be reflected in functioning infrastructure, effective institutions, and better electricity services: from policy commitments to coordinated implementation, and from fragmented investment decisions to long-term planning.”

Organised by CARILEC and co-hosted by Bahamas Power and Light (BPL) and Grand Bahama Power Company (GBPC), the annual Conference and Exhibition brings together the Caribbean energy community to advance practical solutions to the region’s most pressing energy challenges and accelerate progress towards more resilient, reliable, and sustainable power systems.

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Rosewood Exuma: A precedent-setting case for environmental law and future development in The Bahamas  

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By Eric Carey, ONE Consultants, former Executive Director of the Bahamas National Trust. 

We are facing an extraordinarily important moment in judicial history in The Bahamas as we await a decision on the trial of allegations in the Yntegra group’s Rosewood Exuma project.

As former Minister of the Environment, Romauld Ferreira, put it in the Supreme Court last week: “A lot is at stake…a  great deal of what will be considered in this case sets the stage for what’s to come for future development in the country.”

In the trial of the judicial review of government approvals given to Yntegra for their Rosewood Exuma resort this week, we’ve heard technical arguments about failure to make key environmental documents like Yntegra’s Environmental Impact Assessment and Environmental Management Plan available to the public, failure of key documents to assess some of the most controversial aspects of the project, an unlawful consultation process, and a failure to conduct further consultation following major changes to the development.

Lawyers for Turtlegrass described how there was a “salami slicing” of the project into chunks as a way to circumvent the approvals process and disguise its full impact from public scrutiny. Only certain portions came before the public and key stakeholders like Turtlegrass and Over Yonder Cay for scrutiny, while some of the most controversial aspects did not. This is particularly problematic given what is at stake – the dredging of a beautiful Exuma bay, the North Bay, to transform it into an industrial shipping channel, complete with an enormous seawall, dock, back-of-house facilities and other industrial infrastructure.

It is unfortunate that it has had to come to this – an expensive judicial review process that calls out the government for falling down on its duties to protect the environment and follow the law – but it is important and the broader implications should not be overlooked. When Justice Leif Farquharson rules on this case, he’ll set a precedent that could echo in The Bahamas for years to come, one that answers the question: are the 2019 environmental laws that Ferreira took to parliament after many years of advocacy by environmentalists toothless tigers that are just for decoration – or are they capable of protecting the environment that we all depend on and the rights of those affected by projects to have a genuine say in them?

What is curious is that at the same time as these points are being raised in court as part of the judicial review, we are seeing personal attacks about Bob Coughlin – the person spearheading this legal action and test of environmental laws – by online trolls. Coughlin, an Exuma resident for almost a decade, has long been established as an environmental advocate and a passionate philanthropist – one who has donated almost $4 million to causes in The Bahamas since 2018, including millions to the organisation I once led, the Bahamas National Trust.

For reasons one can only speculate about, these trolls have been trying to make out all sorts of absurd things: that his legal action in support of environmental protection is a petty dispute born out of fears of competition. That Coughlin no longer even wants to pursue his eco-tourism project, when the reality is that he was forced to put it on hold because of the destructive environmental plans that are in dispute. That he is the only one who has an issue with this Rosewood Exuma resort, when in fact, neighbouring resort, Over Yonder Cay – one of the top rated resorts in the Caribbean – as well as the Save Exuma Alliance – consisting of most of the local islands and businesses in the Exuma area, and thousands of petition signers have expressed their concern with the project – over 9,000 to date. Most ironically, they claim, wrongly, that Coughlin received crown land for personal use, when in fact it is Yntegra who received crown land while having no development track record, when Coughlin instead bought his lease on Sampson Cay from a private owner.

The timing of these claims, in the week of the trial, suggest a patronising and cynical attempt to distract from the gravity of the case being heard, what it represents, and how important this decision is. With their simplistic, jingoistic and factually-dubious references to crown land, white foreigners, and the like – it’s not hard to imagine that those involved are engaged in a ploy to push the buttons of Bahamians who they apparently believe can be too easily distracted into ignoring the real issue here: that the government, has – in the words of those in the Supreme Court this week – “run roughshod” over environmental laws with its approvals for Yntegra’s Rosewood Exuma project and that this is truly a landmark case and the decision will have a long-lasting impact on future development. This is at a time when foreign direct investment (FDI) inflows into the Bahamian economy are forecast to increase by as much as two thirds over the next two years, according to the Inter-American Development Bank (IDB).

So I call on my fellow Bahamians to stay focused. This is not a story about one man – it is a story about the future we want for our country and whether we are willing to sacrifice our ability to demand environmental accountability in all developments moving forward. There is too much at stake to be thrown off the track by trolls.

As Ferreira says of the judicial review that now awaits Justice Leif Farquharson’s judgement: “This is the first set of litigation, serious litigation, that takes a deep dive into the Environmental Planning and Protection Act and the environmental impact assessment regulations…There’s a lot at stake here.”

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