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DPM tables Travelers Currency Declaration (Amendment) Bill 2018 in the House of Assembly

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#Bahamas, January 25, 2018 – Nassau – Deputy Prime Minister and Minister of Finance the Hon. Peter K. Turnquest tabled the Travelers Currency Declaration (Amendment) Bill 2018 in the House of Assembly, Wednesday, January 24, 2018.  DPM Turnquest explained that the Amended Bill seeks to tackle several issues by stating clearly what travelers must declare to Customs officials in The Bahamas.

An updated Customs Form will reflect the changes to be made, which includes declarations for currency or other negotiable instruments or precious metals or precious stones. Items not declared will either be detained or forfeited as items not declared.  However, the property cannot be detained for more than 72 hours after seizure unless a magistrate orders its continued detention for a period not exceeding three months from the date of the original detention or seizure.

The DPM also defended this present Government Administration’s handling of the Financial Services Industry particularly the domestic banking sector in particular of bank closures.

“What we see today is the continuation of a trend that has been happening now for several years.  Unfortunately, it is a global trend as more and more banks because of the availability of technology, are taking advantage of that technology to reduce their costs.

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“Reducing their costs unfortunately means that some of them are moving to an electronic banking platform, requiring less brick and mortar locations, and as a result less bodies.”

He said the Bahamian people have not been prepared to benefit or to adapt to the new technology and new reality; and this Government has been trying to take advantage of new technology through the Commercial Enterprises Bill, the efforts being taken in Grand Bahama to create a tech hub, and the promotional tour that the Prime Minister is on in Austin, Texas trying to develop interests in The Bahamas as a tech hub.

“Although we are late, we are trying to help our people are adapt to this new reality — even as we talk about Bitcoin and cryptocurrencies and how they are going to affect the way we do business, how monetary policy is determined and controlled.”

DPM Turnquest also explained that the Government does not control the closure or consolidation of banks, but it is preparing and putting in place strategic plans on how it is going to address the evolution of the banking system.

“I do not want to get ahead of the Prime Minister (Dr. the Hon. Hubert Minnis) as to what are the plans for the domestic financial industry and how we intend to make provision for these communities that have all of a sudden become unbanked.

“We want to extend our reach into communities that have been under-served or not served for years and how we need to rationalize the web shop phenomena and these electronic payments and again all of the crpytocurrencies that are popping up.  You will hear more about those kinds of things and how we intend to address them from a technological point of view and a future vision point of view.”

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He said that in Bimini, the Government encouraged the Bank of The Bahamas to open there as well as Exuma.  The Government also encouraged another Bahamian bank to go into Spanish Wells.

“We are doing the best that we can, but we do recognize that is not necessarily the best and the most financially wise approach, because it does [require] additional costs, and in a lot of these communities the cost of business outweighs the benefit.

“But we have to understand that we have a moral obligation also.  So we will continue to do the best that we can for these under-served communities to the extent where we can encourage the Board of the Bank of The Bahamas to look at these communities to see whether they can justify establishing branches in either part-time or off-days, or whether full-time,” the DPM said.

 

 

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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