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Small business license fees in the Grand Bahama Port Area may soon change

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#Bahamas, January 30, 2018 – Grand Bahama – Small business license fees may soon fall in line with the rest of The Bahamas, said Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson on Friday.  Minister Thompson was addressing the Grand Bahama Chamber of Commerce Annual Installation of Officers and Directors 2017-2018.

Former GB Chamber President, Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest, installed the new officers.  Minister Thompson apologized for the absence of the Prime Minister, who was in Andros for the National Memorial Service for the plane crash victims.  As the government believes in reform, modernization and transformation, soon after coming to office, an Ease of Doing Business Committee was appointed. They have made recommendations which are being reviewed and carried out.

“I commend the Deputy Prime Minister and his team for the improvements already made.  It should also be noted that we intend for the changes to also apply to Freeport.  As an example discussions have begun with the Grand Bahama Port Authority to express the Government’s desire to bring business license fees for very small businesses on the same level as the government’s fee, which is $100.   It doesn’t seem right that a person wanting to start this type of business in the Port area has to pay sometimes 10 times as much than everyone else in the rest of The Bahamas.   In addition we continue to work out arrangements for the One Stop Shop for Investment in Freeport.

“Small-and-medium sized Bahamian businesses are a critical part of our economy.  These businesses employ thousands of Bahamians.  They are critical for economic growth.

“To promote the ease of doing business for such enterprises, at the end of last year, after consultation with the Central Bank, the Government announced the relaxation of Exchange Controls on capital transactions, namely on capital (investment) and current account (trade) transactions.

“This was a reform long overdue.  These changes come into effect as of 1 February 2018.   Without prior reference to the Central Bank, Bahamian-owned businesses will be allowed to maintain operating deposit accounts with up to $100,000 in foreign currency at domestic commercial banks.

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“These accounts will have to be funded exclusively from revenues earned in foreign currency.   Central Bank approval will continue to be required for accounts with balances of more than $100,000 in foreign currency.”

Minister Thompson outlined another reform whereby upon application to the Central Bank, Bahamians and residents will be able to have foreign currency denominated deposits or investment assets outside of The Bahamas, or bring it back to the country and it remain in the same foreign currency.

“No penalties will be imposed on regularized accounts and investments.  The owners of deposit facilities will be allowed to use the resources to finance domestic transactions, without restriction.

“Prohibitions will exist against either funding or augmenting these facilities with proceeds converted from Bahamian dollars.”  He further stated, “Last year we passed the Commercial Enterprise Act, which promises enormous benefits to our economy.

“The intent of this Act is to offer incentives to Bahamian and international investors who establish businesses in the Bahamas, which will help to diversify the economy, and to create higher paying jobs and long-term job securit“Under this legislation, investors in captive insurance, reinsurance, arbitration, wealth management, computer programming, maritime trade, nanotechnology, biomedical industries, data storage, call centers, software design and writing will be given a number of concessions and incentives.

“Another reform that has already been announced is the creation of an independent board to review applications for work permits and citizenship.  This will allow for less interference and more openness in the process of obtaining citizenship.”

The Minister said revitalizing Grand Bahama has been a priority of the government since the General Election in May, 2017, and stating that there is a long way to go, he added that the road to recovery has begun.

“To boost growth and employment we must stimulate domestic and foreign investment, as well as opportunities for large-scale and small- and medium-sized businesses.”

Listing some of the things done in an attempt to boost the local economy, Minister Thompson said the government negotiated the completion of a Letter of Intent on the sale of the Grand Lucayan Hotel, and is currently working diligently to complete the sale of the Grand Lucayan and Memories property.

“After they are reopened, the economy of Grand Bahama will improve significantly, including with a tremendous increase in employment and related business and economic opportunities.

“We also successfully negotiated with Bahamas Paradise on the return of the Grand Celebration, and the introduction of a new vessel, the Grand Classica, which will bring additional stopover visitors and more opportunities to Grand Bahama in April.  We learned the painful effects of not having the Celebration vessel for a few months and therefore looking forward to the increased benefits of having both vessels.

“In conjunction with Ministry of Tourism, and our Minister of Finance DPM we also negotiated an airlift agreement with Sunwing, and now have the return of Vacation Express. It has been announced that a total of eight non-stop flights departing from various US cities, will begin their flight schedules in May 2018.”

Scheduled to begin in May are flights from Detroit, Chicago, Nashville, Pittsburgh, Newark, Baltimore, Cincinnati, and Dallas. These will be operated by Swift Air LLC., and the Ministry of Tourism projects a potential 16,800 passengers.  Additionally, negotiations ongoing with the “Ginn Property” in West End, along with a new investment in East End involving an oil refinery. This announcement, said the Minister, will be made at the appropriate time.

Going over the advancements made in the area of technology, Minister Thompson told Chamber members that a Grand Bahama Technology Hub Steering Committee has been formed to establish Grand Bahama as a technology hub.  Carnival Corporation is already assembling their Ocean Medallion Concierge System, and Grand Bahamians have been hired and are being trained.

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“The Bahamas is also currently developing programs for block chain-based solutions, fin-tech and crypto-currency companies, and we intend to promote block chain as a sub-industry within ICT.”

Touting joint efforts between the government and the Chamber, Minister Thompson acknowledged the government’s summer job program where some 500 young people were placed in local businesses.  There was also the Business to Business Initiative which began on September 28, 2017 designed to provide business opportunities to budding entrepreneurs.

“The initiative exposed existing entrepreneurs and small businesses to opportunities which exist already at the larger industrial companies. The first to participate were the Grand Bahama Shipyard and Buckeye. We intend to continue this initiative with other major companies.

“The Apiary Project began on 24 October which will help 30 young people to enter the honey production business here in Grand Bahama.  These young people began training on the 2nd January 2018.

Each participant will receive a stipend during a 14-week training program, and will have access to funding and mentorship from Bahamas Development Bank.

“We look forward to your partnership with the our office and Deputy Prime Minister, Port Authority and the University of the Bahamas for the launch of the Small Business Development Center, which would provide support and research resources for entrepreneurs.  We have also been most grateful for your support in our GB Micro and Small Business Economic Empowerment and Entrepreneurial Incentive Program launched last year.”

Minister Thompson said they will be calling on the business community once again on February 17th at the Ministry of Labour Job fair, where he hopes they will not only participate, but hire as many people as possible.

In closing, the Minister said, “The Chamber continues to be a great partner and [I] look forward to an even closer relationship.  We have a talented creative and vibrant private sector.  I believe you have what we need to reignite Grand Bahama’s economy.  Within you lies the talent, ability, resources, and capacity we need for success. We as a government must create the environment that will motivate you to expand, invest and progress.

“I encourage you to seriously look at reinvesting, renovating, expanding, reshaping, re-tooling, and rehiring. Fixing Grand Bahama will not be easy or quick but I believe we all have what it takes and I stress, we all.”

 

By: Robyn Adderley

Photo caption: Senator the Hon. Kwasi Thompson.

(BIS Photo/Lisa Davis)

 

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Inspired Abroad, Proudly Bahamian

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DEAR EDITOR,

Sometimes the best ideas come from experiences far away from home.

It was while I was living in Europe that I saw how excited people were about England’s iconic double-decker buses. It was a symbol of culture – and visitors looked forward to the ride as an experience in itself rather than just a method of transportation.

That sparked a thought: What if we brought that same excitement to The Bahamas, but made it uniquely Bahamian?

In November 2024, that thought became 2 Storeys Tours. I wanted visitors to see Nassau in a way they had not been able to before. That meant they could come straight off a cruise ship and onto a double-decker to see what makes our country what it is – to see our beautiful waters and to discover what makes us Bahamian.

We wanted to create something memorable, something visitors would associate with their Bahamian vacation, just as people associate double-decker buses with England.

The bus may catch your attention, but The Bahamas is what makes the experience unforgettable.

We also believe tourism should create opportunities for Bahamians.

We started less than five years ago with one very used double decker bus.

Now thanks to cruise ship business, we have quadrupled the size of our little fleet. We now have four shiny new red and blue buses, so we can say Welcome Ashore in style.

Depending on the season, between 70 and 80 percent of our business is cruise-passenger driven. Even during the slower season for hotels, the cruise ships arrive filled with people looking to explore historic Nassau and we are giving them the closest to a bird’s eye view as they can get. And they love it.

Turning an idea into a functioning business has been an exciting journey, but certainly not without challenges. From planning and preparation to finally seeing our buses on the road, the experience has taught us patience, perseverance, and the importance of believing in a vision.

We are proud of how far we’ve come, and even more excited about what lies ahead.

Building partnerships helped us to get to where we are today – building them further will take us to where we can reach tomorrow.

Our ambition is to make 2 Storeys Tours a recognised and trusted name in Bahamian tourism. We want to continue improving our tours, developing new experiences, embracing environmentally responsible tourism, and building meaningful relationships – and eventually take the 2 Storeys Tours experience beyond Nassau to other islands.

Above all, we want to build something that lasts.

Looking back, it’s incredible to think that an observation while living in Europe could lead to a business right here at home.

What began as an idea became a business with a purpose, and we’re only getting started.

Our inspiration came from abroad. Our passion comes from home. And our future is proudly Bahamian.

 

By: KEEVON MAYNARD

President, 2 Storeys Tours

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Federal Investigation into Florida Turnpike Tragedy that Killed Three Children of Bahamian Mother

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NTSB examining roadside assistance driver’s actions, SUV speed and seat belt use after six people perish in fiery collision

ORLANDO, FLORIDA — October 29, 2026 — Federal investigators have joined the investigation into a horrific Florida Turnpike collision that claimed six lives, including all three children of a Bahamian mother, as questions intensify over what caused the deadly crash.

The United States National Transportation Safety Board (NTSB) has confirmed that it is opening an investigation into the October 23 accident, which occurred around 9:31 p.m. near mile marker 252 in Orange County.

The agency’s involvement brings federal scrutiny to a tragedy that has devastated several families and prompted an extraordinary outpouring of sympathy and disbelief.

Among those killed were siblings Charles Milton, Jakara Milton and Dalvena Green, the three adult children of Marshall Clarke-Milton and her husband, Charles Milton Sr.

The siblings were traveling with three others to Universal Orlando’s Halloween Horror Nights, reportedly on their first trip together.

They never arrived.

FEDERAL INVESTIGATORS EXAMINE WHAT WENT WRONG

The NTSB confirmed to FOX 35 Orlando that its investigation will examine the training and performance of the roadside assistance driver, the actions of the SUV driver, including speed, and whether the occupants were wearing seat belts.

The agency investigates serious transportation accidents to identify safety failures and recommend measures that could prevent similar tragedies.

Its involvement does not establish wrongdoing by either driver.

The Florida Highway Patrol is conducting a separate investigation into the collision.

According to the preliminary police account, a Road Ranger roadside assistance truck had been parked in the highway median before its driver received instructions to assist a disabled box truck on the opposite shoulder.

As the Road Ranger moved across the northbound lanes, it collided with a 2023 Chevrolet Traverse carrying six adults.

Both vehicles left the roadway and caught fire.

All six occupants of the SUV died at the scene. The Road Ranger driver survived with minor injuries.

MOTHER CHALLENGES EARLY ACCOUNT

Witnesses reportedly told investigators that the SUV was traveling at high speed without its headlights illuminated.

However, those observations have not been established as the definitive cause of the collision.

Clarke-Milton has challenged suggestions that her children or their companions were responsible, urging investigators to examine the evidence before reaching conclusions.

She wants investigators to establish the SUV’s actual speed and determine whether its headlights were operating.

The family’s concerns underscore the importance of the continuing investigations, particularly given the movement of the roadside assistance vehicle across active highway lanes.

ALL THREE CHILDREN LOST

For Clarke-Milton, the investigation unfolds against an almost incomprehensible personal tragedy.

She lost all three of her children simultaneously.

In an emotional interview with FOX 35 Orlando, the grieving mother described the terrible feeling that overcame her when she could not reach them.

“My heart sank,” she said, recalling the moment she feared her children were involved.

The siblings were among six people whose lives ended during what should have been an enjoyable evening together.

The other victims included Timothy Williams and Shawn Palmer. A sixth person’s identity had not been publicly confirmed in the latest reports reviewed.

The family’s heartbreak has resonated across The Bahamas and beyond, with expressions of sympathy accompanying calls for answers.

SEARCH FOR ANSWERS CONTINUES

The Florida Highway Patrol has indicated that a crash report is expected within approximately ten days of the accident.

The NTSB’s investigation will examine broader transportation safety concerns, including the operation of roadside assistance vehicles and the circumstances surrounding the collision.

For the grieving families, the findings cannot reverse the tragedy.

But they may establish what happened on that stretch of Florida’s Turnpike and whether anything could have prevented six people from losing their lives.

For one Bahamian mother, the loss is especially devastating.

Three children left for an evening of entertainment. Not one came home.

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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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