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Bahamas DPM says, ‘The country is moving in the right direction’



#Bahamas, February 23, 2018 – Nassau – Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest said based on the performance in the first half of fiscal year 2017/18, the country is moving in the right direction.

“Compared with the first six months of Fiscal Year 2016/17, the fiscal performance has turned in a $92.3 million or 61.4 per cent reduction in the overall deficit—to $198.0 million, from $290.3 million in Fiscal Year 2016/17,” the DPM said in a ‘State of the Economy Report,’ hosted by the Bahamas Chamber of Commerce and Employers Confederation at Atlantis, Paradise Island, February 21, 2018.

He said gains in revenues of $24.8 million are supported by a $67.5 million or 43.6 per cent reduction in spending; comparisons with the budget show revenues running at some 41 per cent of the target and adjusted recurrent and capital spending, at 44.7 per cent and 33 per cent, of their respective targets.

“We believe that the measures taken, and those in the pipeline, have the ability to help restore fiscal discipline and place the finances on a sustainable path for the benefit of all Bahamians.  However, we would acknowledge that these measures alone will not get us to where we want and need to be.

“Most importantly, we must grow our economy and do so in a sustained way; additionally, if our fiscal plans are to be sustainable, they need to be reinforced by other administrative and legislative initiatives designed to bolster credibility, in a transparent and accountable manner.”

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The DPM explained that last year, he introduced to the public, the public financial management reform measures underway to deliver more efficient and effective allocation and use of public funds, by addressing cumbersome processes and inconsistent and outdated practices in our public financial management activities.

“An important element of the Public Financial Management reform agenda focuses on bringing greater transparency, fairness and efficiency to bear on public procurement activities.”

He said public procurement is big business for governments, and equally as big are the temptations and opportunities for corruption, collusion, fraud and manipulation.

“For The Bahamas, more than $1.475 billion or an estimated 13 per cent of Gross Domestic Product was spent in FY2016/17 to acquire goods and services —underscoring the imperative for the Government to obtain value for monies spent.”

The DPM said the first stage in these reform efforts was marked by the recently launched pilot phase of the Government eProcurement portal—a single access point—where all announcements, documents and information about tender participants, summary of bid evaluation reports, and notice of procurement awards will be published.

“All suppliers interested in doing business with the Government have been invited to register their businesses by uploading all of the requisite documents via the portal.”

He said work is also well advanced on finalizing the draft public procurement legislation that will bring the regulatory framework closer in line with international standards and best practices.  Some of the areas covered in the legislation are the establishment of a public procurement department; a public procurement board, and a public review tribunal to provide persons with an avenue for recourse.

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“The most critical element of this procurement reform will be the requirement that all tenders and bid offers be published publicly online and that all successful bid offers accepted by government also be awarded.  This, ladies and gentlemen, changes the game for all stakeholders.”

The DPM explained that these same principles of transparency and competition are behind the Government’s recent decision to engage the services of the Caribbean Development Bank to formulate a Public, Private Partnership.  Having clear and transparent policy guidance for all stakeholders will ensure that the Government is identifying the right private sector partner and carrying out the required analysis of all risks, while easing the burden on public resources.

DPM Turnquest said, “These reforms are long overdue, but once completed will increase the ease of doing business with the Government, make procurement processes more transparent and competitive, and are generally supportive of the Government’s overall goal of restoring the public’s trust in its management of public funds.

By: Llonella Gilbert (BIS)

Photo Caption:  Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest brings remarks at the ‘State of the Economy Report’ hosted by the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) at Atlantis, February 21, 2018.  Looking on from left are CEO, BCCEC, Edison Sumner and Chairman, BCCEC, Mike Maura, Jr.

(BIS Photo/Patrick Hanna)



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Minister Moxey says partnerships for development will help get Grand Bahama going again



#TheBahamas, November 27, 2021 – One means by which Minister for Grand Bahama, Hon. Ginger Moxey plans to utilize every resource at her disposal to get things moving for Grand Bahama again, is to utilize partnerships for development.

“Success with these partnerships on our island are embedded in collaborative efforts between the ministry of Grand Bahama, other government ministries, the Grand Bahama Port Authority, the Grand Bahama Chamber of Commerce, Hutchinson Whampoa Holdings Ltd., industry stakeholders and the business community at large,” explained Minister Moxey.

“We must unite and work together to build alliances for success with the ultimate goal of ensuring that Grand Bahama Island excels.  We are all in this together.”

The Minister’s remarks came during her keynote address at the ninth annual Grand Bahama Chamber of Commerce’s Business Excellence Awards Luncheon, which was held on Wednesday, November 24th, 2021 at Pelican Bay resort. The event is held to honor Grand Bahamian business owners for their commitment, achievements and dedication to the development of the second city.

Minister Moxey pointed out that this year’s event, under the theme, celebration of excellence, acknowledges and highlights businesses on Grand Bahama that have stayed the course. She added that this kind of recognition is a beacon of hope for local business owners who have faced and overcame some of the most challenging circumstances ever encountered within the island’s history.

“On November first during my contribution on the bill to thank the Governor General for his Speech from the Throne, I pledged to the nation that I would do the people’s business and utilize every resource at my disposal, to get the job done for Grand Bahama,” said Minister Moxey.

“As a Grand Bahamian and business owner, I can attest to the challenges we have faced over the past decade. The devastation of Hurricane Dorian in 2019, which was closely followed by the onset of the Covid-19 pandemic in 2020. It further strained our already fragile economy. Today’s administration is also well aware of the challenges that Grand Bahama has faced over the past decade. Nevertheless, we will deliver on our commitment to recover, rebuild and revolutionize our island, our economy and usher our people into the new day.

“I would like to thank all of the businesses represented today, that have kept their doors opened and our people employed. To all of the Business Excellence Award nominees, I congratulate you. Remain encouraged and know that your efforts have not gone unnoticed.

“To the Grand Bahama Chamber of Commerce, thank you for being a staple in the business community and for celebrating excellence for the past nine years. Welcome back business excellence awards.”


By Andrew Coakley

Photo Caption: Minister for Grand Bahama, Ginger Moxey (right), along with President of the Grand Bahama Chamber of Commerce, Greg Laroda presents Mrs. Leslie Baptista, of Paint Fair, with the President’s Award, during the ninth annual GB Chamber of Commerce’s Business Excellence Awards Luncheon, which was held on Wednesday, November 24th, 2021 at Pelican Bay resort.

(BIS Photo/Andrew Miller)

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Invest Turks and Caicos Attended Caribbean Hotel Investment Conference & Operations Summit



#TurksandCaicos, November 24, 2021 – Invest Turks and Caicos (Invest TCI) is pleased to announce the Agency’s participation in the 10TH Caribbean Hotel Investment Conference & Operations Summit (CHICOS) held November 10th-12th, 2021, at the Grand Hyatt Baha Mar in Nassau, Bahamas.

CHICOS is one of the premier hospitality conferences in the region. In its 10th year, this event brought together more than 300 regional and international investors and operators and the region’s leading decision makers – all to discuss the region’s markets and possibilities.

Invest TCI participated in the Caribbean Government Leaders plenary session on Friday, November 12th, alongside the Bahamas Investment Authority, Invest St. Lucia, and JAMPRO. The plenary discussions focused on the investment environment of Caribbean economies in a post covid environment under two key themes: diversification of the economy and tourism and the need for greater involvement of (and positive impact on) local communities.

Attending the summit on behalf of Invest TCI was Interim CEO, Angela Musgrove and Legal and Compliance Officer, Judith Garland.

Commenting on the summit, Ms. Garland stated, “I was delighted to represent the Agency at the 10th Anniversary edition of CHICOS. I found the sessions engaging, and the industry trends and knowledge imparted was most valuable. It was great to meet new faces and establish relationships with industry colleagues, which can present mutually beneficial partnerships and relationships in the future.

Interim CEO Angela Musgrove stated, “Invest TCI will continue to support and leverage industry conferences to promote opportunities in the Turks and Caicos Islands. This is the Agency’s 5th year attending CHICOS, and it has allowed us to directly engage with potential investors and prospects interested in doing business in the TCI. Through these types of events, the Agency can continue to proactively target new investment opportunities, lucrative partnerships, and financial opportunities that contribute to overall economic development.”

For more information on upcoming events, visit our website at

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Bahamian Para-Athlete Erin Brown to Become Godmother of RC’s Odyssey of The Seas



#TheBahamas, November 24, 2021 – A Bahamian woman who lost her leg to cancer and went on to defy odds and inspire thousands will be named godmother of Royal Caribbean International’s Odyssey of the Seas. Erin Brown, a 41-year-old mother of two and a para-triathlete who cycles, runs, swims and competes at an international level, will accept the honour at a special ceremony in Florida later this week.

“From the moment we heard the story of Erin, how her courage and determination in the face of adversity inspired others and led to a more inclusive consciousness about succeeding with disabilities, we were moved and knew she was a great candidate for godmother of our newest ship, Odyssey of the Seas,” said Michael Bayley, president and CEO, Royal Caribbean International. “A godmother serves as the guiding spirit of the ship and brings good luck and safe travels to its crew and guests.”

While she was in college participating as a track and field athlete, Brown was diagnosed with a rare form of bone cancer called osteosarcoma after suffering a fall that resulted in a broken leg. After more than a year of chemotherapy, her tumor showed no signs of shrinking, and Brown made the difficult decision to amputate her limb above the knee. Brown, who watched her own mother struggle for five years before losing her battle with lupus linked to cancer, knew she had to keep going because her child depended on her. She underwent surgery and woke up to one less leg. “Mind over matter,” she repeated. And then, she re-invented herself.

She said she recognizes now that her disability was a signal to start over. The first time she completed the 100-mile cycling event, Ride for Hope, raising money for cancer research, education and prevention, she led a group of adaptive athletes who heard the thunderous applause and cheers from the crowd that had witnessed the one-legged cyclist achieve what few with two legs could on the hilly terrain.

“A sudden change like the one I experienced is just an opportunity to rebrand yourself to yourself and to society. All those skills you had before – you still have them,” said Brown who has gone on to become an advocate for rights for the disabled and works at the University of The Bahamas as the compliance officer and counselor for the physically challenged.

“Having Erin as our godmother is a fitting way for us to pay tribute to The Bahamas,” said Bayley. “Our company’s very first port of call outside the U. S. was to The Bahamas more than 50 years ago. To this day, Nassau remains one of our most popular ports of call and Perfect Day at CocoCay remains our top pick by our guests. We are excited about this ceremony and honouring our long-time partners, as well as the newest Bahamian flagged ship in our fleet.”


Photo Caption: Erin Brown, who calls herself a limb-difference individual, will be named the first Bahamian Godmother of a Royal Caribbean International vessel when she presides over the naming of Odyssey of the Seas.

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