Connect with us

Bahamas News

Bahamas Blockchain and Cryptocurrency Conference Set for June in Grand Bahama

Published

on

#Bahamas, May 28, 2018 – Grand Bahama – The Bahamas Blockchain and Cryptocurrency Conference was officially announced by Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson during a press conference at Pelican Bay on Thursday, May 24, 2018.

The conference, scheduled to be held June 20 to 22 at the Grand Lucayan, was described by Minister Thompson as, “our coming out party” for Blockchain and FinTech.  It is anticipated that representatives from 500 companies will converge on Grand Bahama, where investors and entrepreneurs will meet.

Stating that Grand Bahama is suited to be the technology hub of the region, the Minister added that the first technology summit held in November hosted some of the finest minds.

“The Technology Summit was instrumental in beginning the strategic process of building a technology sector in The Bahamas.  The government has since begun implementing recommendations of the Steering Committee to make this technology hub a reality.  And I want to particularly thank Dr. Donovan Moxey who heads the GB Tech Hub Steering Committee.

“One such recommendation, which we are now implementing, is the hosting of a major international conference, which will bring hundreds of tech companies to Grand Bahama. This was one of their first recommendations and we are implementing one of their first recommendations.”

He added, “The committee also recommended that this conference take the form of a venture conference to establish The Bahamas as a global player in introducing venture investors to seed stage and early stage companies.  Basically, putting the entrepreneur and the investor together and seeking to make and build relationships.”

Announcing plans for the upcoming conference, the Minister said, “I’m pleased to announce the Bahamas Blockchain and Cryptocurrency Conference, BBCC for short, which is designed to attract investors, entrepreneurs and service providers and tech companies from all over the world who are focused on making investments, starting and developing companies and building business relationships with blockchain technology.

“Further, the BBCC will provide The Bahamas, particularly Grand Bahama, with an opportunity to present itself to the world as a jurisdiction that has an established framework, financial and immigration policies that are favourable for technology and FinTech companies that want to incorporate and be domiciled here in The Bahamas.”

Some of the topics to be discussed will be: The Technology Sector of The Bahamas is Open for Business; Why Should We Invest in The Bahamas; A Global Perspective on Regulatory Framework for CryptoCurrency and ICOs; and What Does the Future Look Like for Blockchain, CrytoCurrency and FinTech Solutions.

“We also anticipate that this conference will serve to present Freeport, Grand Bahama as an ideal location to establish offices and global headquarters for new technology companies.”

Featured will be “high powered” speakers, even one or two of Forbes’s CryptoCurrency Billionaires list.  Sponsors of the event include Aliv, the Grand Bahama Port Authority, BTC, Cable Bahamas, Grand Bahama Power Company, and GIBC.

“The government also believes that it is critical to not only talk about Grand Bahama and all we have to offer, but to open our doors and welcome the global community to see for themselves and dialogue with the local business community.”

It is highly anticipated that the hosting of the conference will have an immediate impact on the local economy with the filling of hotel rooms, use of taxis, restaurants, tours and everything else the island has to offer. Minister Thompson noted that it is important that the island show the visitors why Grand Bahama is the right place to invest.

“Grand Bahama is open for business and we welcome our international business representatives to discover what our island has to offer.”

He encouraged Bahamian business persons and aspiring entrepreneurs to be a part of the conference.

By: Robyn Adderley (BIS)

Photo Caption: The Bahamas Blockchain and Cryptocurrency Conference was officially announced during a press conference on Thursday, May 24, 2018.  Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. J. Kwasi Thompson said the conference will be held June 20 to 22, and it is hoped that representatives from 500 tech companies will attend.

(BIS Photo/Lisa Davis)

 

 

 

Continue Reading

Bahamas News

Caribbean Bottling Supports the 27th Basketball Smiles Week  

Published

on

NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Coca-Cola and Dasani products, is proud to once again support Basketball Smiles for their 27th year.

Upholding its corporate pillar of community outreach, CBC proudly donated $2,000, over 75 cases of Dasani, Powerade and Sprite, reusable Powerade water bottles and numerous marketing materials.

The annual sporting summer camp offers free basketball and life skills training to Junior and High School students.

Basketball Smiles’ mission of developing leadership qualities while fostering children’s academic achievement and self-esteem aligns perfectly with CBC’s commitment to supporting and empowering youth.

Jazmin Darling, Assistant Marketing Manager for Caribbean Bottling Company shared why the company continues to support this program each year.

“At CBC, we believe investing in our youth is one of the greatest ways to strengthen our communities. We’re proud to support Basketball Smiles each year because it goes beyond the game. This program champions healthy lifestyles, positive values and brighter futures. It’s a privilege to play a role in helping these young athletes reach their full potential each year,” she shared.

Sam Nicholls, Basketball Smiles Camp President and Founder expressed.

“Caribbean Bottling Company is an incredible partner. We are truly grateful for their generous support, which will go a long way in making a positive impact on the lives of our campers,” Nicholls expressed.

CBC is always ready to lend its support toward initiatives and programs that uplift young Bahamians. The impact Basketball Smiles makes on the community is undeniable and is why CBC remains a historic sponsor.

For more information on sponsorship, events and new products, visit www.cbcbahamas.com today.

Continue Reading

Bahamas News

CWS Supports Transforming Spaces with Premium Products and Unique Cocktails

Published

on

CWS brand representative for Bottega and Excellsior wines posing with attendees enjoying glasses of Bottega Gold Prosecco at the National Art Gallery of The Bahamas.

NASSAU, Bahamas — Caribbean Wines and Spirits (CWS), The Bahamas’ premier wine and spirits distributor is thrilled to once again lend its support to Transforming Spaces (TS).

CWS is a proud historical partner of the annual art week which highlights Bahamian art and art spaces. Under this year’s theme, “Chasing Light” Transforming Spaces and Caribbean Wines & Spirits created a memorable art experience.

To mark 21 years of the upliftment and exposure of culture and Bahamian art, CWS offered award winning wines St. Francis, Rebellious, Bottega and Excellsior; premium spirits, Cross Keys Gin, El Tequileno Tequila, Angostura Rum and Nemiroff Vodka, along with the newly added Coors Light Beer from its portfolio.

To kickstart the annual art week, CWS delighted attendees with a tasting of globally renowned Bottega Wines at TS’ Poetry Jam, held at ICE Bahamas. Throughout the event, Bottega brand representatives shared tasting notes, ideal pairings, and insights into the brand’s portfolio.

During the highly anticipated Saturday and Sunday tours, CWS showcased its premium products at select art galleries.

Attendees enjoyed Rebellious and St. Francis wines at The Current: Baha Mar Art Gallery and Museum, Bottega and Excellsior wines at the National Art Gallery of The Bahamas, Coors Light beer at the University of The Bahamas Pro Gallery and hand-crafted Schweppes mixes featuring Cross Keys Gin, El Tequileno Tequila, Angostura Rum and Nemiroff Vodka at CAB Gallery & Studio.

Throughout the two-day tour, CWS product specialists enriched the experience by providing a deeper appreciation for their exceptional beverage portfolio.

Members of the Transforming Spaces Committee expressed their appreciation towards CWS’ support after another successful art week.

“Transforming Spaces is deeply grateful for the continued support of Caribbean Wines & Spirits over the years. Their partnership has become such an important part of the TS experience, helping us create welcoming and vibrant moments for our audiences across the tour weekend. From signature wines and cocktail bars to refreshments at gallery stops and pop-up events, their contribution brings an added sense of hospitality, celebration, and connection to the journey through Bahamian contemporary art.” — TS2026 Committee.

Caribbean Wines & Spirits is proud to partner with Transforming Spaces in supporting and elevating the voices and works of Bahamian artists and looks forward to strengthening this partnership for years to come.

To learn more about CWS’ involvement in the community, follow on social media @caribbeanwinesandspirits or visit the website at www.cwsbahamas.com today.

Continue Reading

Bahamas News

Caught in the Net, Not Accused of Wrongdoing

Published

on

What the Attorney General must do now to protect Bahamian exports

Deandrea Hamilton | Editor

NASSAU, Bahamas — The United States’ decision to impose a 12.5 percent tariff on Bahamian exports is about more than higher costs for seafood, rum and other goods entering the American market. It is a warning that The Bahamas must move quickly to strengthen or clarify its legal framework governing forced labour and supply-chain enforcement.

The tariff, which takes effect July 24, is part of a sweeping U.S. trade action affecting 60 economies following a review by the Office of the U.S. Trade Representative (USTR). The review concluded that the listed countries have not adequately prohibited or enforced measures against goods linked to forced labour in global supply chains.

The action follows a recent U.S. Supreme Court ruling that invalidated an earlier series of Trump-era tariffs imposed under emergency powers. In response, the Trump administration shifted to a different legal authority—Section 301 of the Trade Act of 1974—using findings from a U.S. Trade Representative investigation into forced-labour compliance to support a new round of tariffs affecting 60 economies, including The Bahamas.

Importantly, the action does not accuse Bahamian businesses of using forced labour. Instead, it reflects the U.S. view that The Bahamas’ legal or enforcement framework does not yet meet the standard Washington expects.

That distinction matters.

The Attorney General’s Office now has the responsibility to lead the country’s legal response. That begins with determining precisely what concerns the U.S. Trade Representative identified, reviewing whether Bahamian law adequately addresses those concerns and, where necessary, recommending legislative or regulatory changes. If deficiencies exist, legal amendments and stronger enforcement could help position The Bahamas for removal from the tariff list.

The government may also seek formal discussions with U.S. officials while those reforms are undertaken, outlining a clear timetable for compliance and demonstrating that the country is committed to meeting international labour standards.

A Nassau Guardian front-page report on July 24 drew attention to the tariff action, prompting broader questions about why The Bahamas was included among the 60 economies affected by the U.S. trade measure and what steps are now needed to restore full confidence in the country’s trade framework.

For many Bahamians, the immediate concern will be the fisheries sector, one of the country’s largest export industries. Commercial shipments of lobster, conch, fish, crawfish and other products entering the United States could become more expensive because of the additional tariff, potentially affecting exporters’ competitiveness.

The broader lesson is that international trade increasingly depends not only on quality products, but also on strong business relationships and confidence in the legal systems that govern them.

For The Bahamas, this is less a finding of wrongdoing than a reminder that international credibility is earned through modern laws, effective enforcement and trusted partnerships. The challenge now is for the Attorney General’s Office to lead a swift legal review, identify any deficiencies and chart a clear path toward compliance so Bahamian exporters are not burdened any longer than necessary.

Continue Reading

FIND US ON FACEBOOK

TRENDING