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BAHAMAS: Consultation made with relevant stakeholders leading up to the Credit Reporting Bill

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#Bahamas, February 3, 2018 – Nassau – Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said the exercise leading up to the Credit Reporting Bill was thorough and included consultations with relevant stakeholders.

“The principles included in the Bill conform to international best practices underlying credit reporting systems,” DPM Turnquest said as he introduced the Credit Reporting Bill in the House of Assembly, Wednesday, January 31, 2018.

“As you will see as I go through the provisions of the Bill, care has been taken to ensure that the rights of consumers will be protected through appropriate oversight and an appeals process, which is key to ensuring the integrity of the system.”

The Bahamas’ Credit Bureau Project was launched by the Central Bank of The Bahamas in 2010 for the purpose of establishing a national credit reporting system in The Bahamas, inclusive of a credit bureau.cairsea INSERT FIX

The DPM explained that this followed on extensive dialogue with the government, the commercial banks and other private sector stakeholders, the World Bank and the International Finance Corporation (IFC), with assistance from the Caribbean Regional Technical Assistance Centre (CARTAC), which carried out an assessment, in February 2010, to determine whether or not The Bahamas’ existing regime could support a fully functioning credit reporting system.

He said the IFC analysis identified weaknesses in the existing business and regulatory infrastructure for credit reporting in the jurisdiction and set out strategies for strengthening the regulatory and business underpinnings required to support a credit bureau, inclusive of the introduction of credit reporting legislation.

“The IFC, in consultation with the Central Bank, produced a draft Credit Reporting Bill and Regulations, which have been reviewed by a Legal Working Group established to review the proposed legislative framework for the credit reporting system.

“The Legal Working Group comprised representatives from institutions that provide credit, such as banks, credit unions, insurance companies, money lenders and utilities.  The Bill and Regulations were also reviewed by the Data Protection Commissioner and the Attorney General’s Office prior to being issued for public consultation in September, 2014.”

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DPM Turnquest said since then, the Bill and Regulations have been further revised based on internal reviews by the Central Bank and is now finally being debated for acceptance in the House of Assembly.  He explained that credit bureaus collect information from lenders and other sources on a borrowers’ credit and bill paying history, validates the information and then provide the information to participating lenders by way of a credit report.

Creditors then utilise these reports to determine whether or not to grant loans or extend credit, and at what interest rate.  Typical clients or subscribers of credit bureaus include banks, mortgage lenders, credit card companies, and other financing companies.

By: Llonella Gilbert (BIS)

 

Photo caption: Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest as he arrived at the House of Assembly on Wednesday.

(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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