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PM Minnis: Government’s dramatic reform agenda, and certainty and stability, have helped to improve economy

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#Bahamas, January 19, 2018 – Nassau – The Bahamian economy is steadily improving as a result of the Minnis Administration’s dramatic reform agenda during the first seven months of its governance of The Bahamas, and while there is still “a long road ahead,” there are positive prospects for the economy on the horizon, Prime Minister, Dr. the Hon Hubert A. Minnis said Thursday.  Prime Minister Minnis said the turnaround is also a result of the “certainty and stability” his Administration has brought to the table insofar as government policy (policies) is concerned.

“Certainty and stability are crucial for economic growth and development,” Prime Minister Minnis told a packed room.  “Even in tough economic conditions, businesses invest and create jobs if there is certainty about government policies on things like work permits, taxes, regulations relating to their business and other matters.”

Addressing the Opening Session of the 27th Annual Bahamas Business Outlook Seminar under the theme “Creating a World Class Bahamas,” Prime Minister Minnis said his Administration undertook a number of initiatives of dramatic reform and transformation in order to stabilize the Bahamian economy when it first took over the reins of governance on May 10, 2017.

Prime Minister Minnis said his Administration was also able to forestall further downgrade of the country’s credit rating through “quick action and careful financial management” a process, the Prime Minister said, took tremendous effort and “reining-in” of public finances.

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“Upon coming to office, my Government fully appreciated that becoming a world class country demanded dramatic and ongoing reform, modernization and transformation.

“To aggressively pursue our reform agenda required a programme of immediate stabilization; ideas for economic liberalization and public sector reform, and a variety of initiatives to boost growth and development.

“We had to first stabilize public finances and the economy through fiscal discipline, transparency and honesty with international agencies. Through quick action and careful financial management, we forestalled further downgrade of our credit rating. This took tremendous effort and reining-in of public finances.”

Prime Minister Minnis said his Administration continues to address the issue of corruption by public officials – which he said is a burden on the public sector and which retards investment, development and productivity.   Additionally, the Government “continues to take the necessary steps” to comply with various international norms and protect the country’s financial services industry.

“Upon our election to office, The Bahamas faced the threat of immediate blacklisting by the Organization of Economic Cooperation and Development and the European Union.  We faced blacklisting if we failed to give a definitive indication of our commitment to apply for membership to the Multilateral Convention for the Automatic Exchange of Tax Information.

“We are continuing to take the necessary steps to comply with various international norms and to protect our financial services industry.  The Government is also committed to a programme of dramatic reform and liberalization of the economy.”

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The further liberalization of the economy will include a focus on Bahamian small and medium-sized businesses (SMEs) which the Prime Minister said are “a critical part of our economy.”

“These businesses employ thousands of Bahamians. They are critical for economic growth,” Prime Minister Minnis said.

The Prime Minister outlined a litany of initiatives his Administration has undertaken or will undertake in the near future that are designed to “move the Bahamian economy forward” even further.  These include the recent liberalization of the Exchange Control Regime, the introduction and passage of the Commercial Enterprise Bill (now Act), the impending sale of the Grand Lucayan and Memories properties in Grand Bahama, and the establishment of Deliverables Unit in the Office of the Prime Minister, among other initiatives.

The Prime Minister also announced his plans to undertake a number of investment promotional trips to Canada, the United States, Europe, East Asia and South American.

By: Matt Maura (BIS)

Photo Caption: Prime Minister, Dr. the Hon. Hubert Minnis.

(BIS Photo/Peter Ramsay)

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Mother’s Pride Headlines Bahamian Takeover at Sixers-Heat Clash in Miami

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The Bahamas, March 30, 2026 – The voice of a proud mother captured the spirit of a nation Monday night, as Bendra Rolle shared heartfelt reflections on the overwhelming Bahamian support for her son, VJ Edgecombe, during the Philadelphia 76ers matchup against the Miami Heat in Miami.

“The patriotic support and scenery at my son, VJ Edgecombe’s NBA game… was overwhelming,” Rolle said in a statement issued following the game. “The arena in Miami was lit. Bimini and the Bahamas showed up and showed out.”

Her words come amid what has already been widely described as a remarkable showing of national pride, with Bahamians traveling in large numbers to South Florida to witness the young guard’s continued rise. For Rolle, however, the moment extended far beyond basketball.

“Beyond VJ’s basketball talents, I’m so moved by his magnetic personality and personal journey to inspire and excite an entire nation—our beloved Bahamas,” she said. “I thank God for VJ’s humility and for his hunger for greatness. He never forgets how far God has brought us.”

While the Sixers did not secure the win on the night, Edgecombe delivered a solid individual performance, finishing with 13 points and five assists. He made an early impact on the game, showing confidence and poise before foul trouble disrupted his rhythm, but still managed to leave his mark in meaningful minutes.

The game itself evolved into a cultural showcase, with Bahamian flags waving throughout the arena and chants ringing out in support of Edgecombe. Much of that presence was bolstered by a coordinated travel push from Bahamasair, which helped facilitate fan travel and added to the electric atmosphere in Miami.

Rolle said the emotional weight of the moment was deeply felt by her family, as they witnessed firsthand the unity and pride of the Bahamian people.

“Thanks and love for the tears and overwhelming joy on Monday, Bahamas,” she expressed. “The Bahamian flags were love, loud, and proud. On my own behalf, VJ, and the entire family, I am ever grateful for the indescribable experience.”

Her closing words underscored what many have described as the true victory of the night—not the final score, but the powerful display of national pride and support surrounding one of The Bahamas’ rising stars.

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Bahamasair Backs Surge as Bahamians Flood South Florida for V.J. Edgecombe Showdown  

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PHOTO BY SIXERS NATION

 

Bahamian pride is already on full display in South Florida, with fans arriving in strong numbers ahead of tonight’s highly anticipated NBA matchup featuring VJ Edgecombe and the Philadelphia 76ers.

Helping to power that movement was Bahamasair, which rolled out a strategic promotion to facilitate travel, turning the game into a full-scale national showing.

And the celebration started early.

A “Bahamas Invades Florida” pre-party over the weekend set the tone, with Bahamian fans, DJs and supporters converging in Fort Lauderdale to build momentum ahead of the game.  The event, marketed as a major cultural gathering, has spilled into Miami, where a strong Bahamian presence is expected inside the arena tonight.

This is no ordinary road game.

The Sixers enter the matchup healthy and are favoured to win, adding to the anticipation surrounding what many expect to be a standout performance by the Biminite guard.

Edgecombe, the third overall pick in the 2025 NBA Draft, has been electric in his rookie season — delivering high-scoring performances and quickly establishing himself as one of the league’s most exciting young talents.

But beyond the stats, it’s the moment that matters.

With South Florida just a short flight away, Bahamians have seized the opportunity to show up in force — flags, energy and all — transforming the game into something far bigger than basketball.

A national turnout.
A rising star.
And a night where the Bahamas is expected to be felt — from tip-off to final buzzer.

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

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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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