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BAHAMAS: 2018 Walk for the Cure Planning Underway

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Bridgetown, June 16, 2018 – Barbados – If preparations alone are any indicator, this year’s CIBC FirstCaribbean Walk for the Cure, the region’s largest cancer fundraiser, seems set to break new fundraising records.

The organizing committees for the various walks are busy meeting and planning, with fundraising activities heating up all across the English and Dutch Caribbean as the 17 territories where CIBC FirstCaribbean is located prepare to engage regional and local sponsors as well as other charitable partners for Walk for the Cure 2018.

The phenomenal fundraising and cancer care and awareness event has generated over USD$1.75 million in sponsorship and donations over the past six years, and is seeking to add in a major way to that total at the end of the walks and various activities this year.

“We are really excited about Walk for the Cure this year.  There is a definite buzz across our business as we gear up for this very exciting time,” said Walk Co-Chair and Managing Director of Retail and Business Banking, Mark St. Hill.

He noted that the bank was “particularly happy that Anguilla, British Virgin Islands, Dominica, St. Maarten and Turks and Caicos Islands, which had to cancel their walks last year due to the devastation caused by hurricanes Irma and Maria, are all deeply engaged and ready to participate fully in this year’s events.”

Managing Director, Cards, & Customer Relationship Management, and fellow Co-Chair, Trevor Torzsas, was also eagerly looking forward to the participation of all territories in the walk again this year. “We are thrilled that our staff and clients in the affected islands have recovered to the extent that they are again able to be a part of this life-saving initiative,” Mr. Torzsas said.

He added that teams will be “pulling out all the stops this year to ensure that our fundraising will reach record levels. I know our sponsors are very excited to work with us again this year and we look forward to welcoming a lot more new regional and local support for our annual crusade against cancer.”

“I am extremely proud of all the volunteers at CIBC FirstCaribbean who have grown this initiative from just 2,000 walkers in 2012 to 30,000 in 2017.  We are expecting record numbers to come out and participate during the various walks this year,” Mr. Torzsas said.

This year, the fundraising walks will be spread over two months spanning weekends in September and October in various territories, instead of most walks taking place on the first weekend in October as usual. The change is a direct result of the unpredictability of the weather around the region at this time of year.

Despite the setbacks caused by the adverse weather last year, the hard work of hundreds of bank staff volunteers in partnership with various cancer care organisations and over 160 corporate sponsors, raised just over USD$450 000. Thousands took to the streets primarily on the first weekend in October, dressed in white or pink T-shirts to walk and run to raise awareness of the various cancers and their impact on families.

All of the funds raised go to providing assistance, care and counselling to cancer patients and their families as well as to raise awareness through education campaigns across the region. The funds also help the various organisations to assist with the purchase and maintenance of equipment used in the diagnosis and treatment of cancer patients.

The Walk for the Cure for The Bahamas will take place on Saturday, October 6 in Nassau, Grand Bahama, Abaco and Eleuthera. This noteworthy event is made possible in large due to the support of corporate Bahamas. Corporate sponsors who wish to participate can email WalkForTheCureBAH@cibcfcib.com or contact Walk Manager Nikia Christie at 302-6063 for more details.

 

Release: Serena Williams Public Relations

 

Caribbean News

CARICOM Presses for Peace as Hormuz Conflict Drives Up Caribbean Costs 

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May 22, 2026 – The Caribbean Community is warning that the escalating conflict surrounding the Strait of Hormuz is now directly threatening Caribbean economies, driving up the cost of fuel, food and freight across a region heavily dependent on imports.

In a statement issued this week, CARICOM expressed “serious concern” over the worsening hostilities in the Middle East and the growing instability affecting one of the world’s most critical shipping corridors.

CARICOM said it is alarmed by: “the severe loss of life, threats to civil infrastructure, and the instability in global markets” resulting from the conflict.

The regional bloc warned that disruption in maritime transit through the Strait of Hormuz is reverberating across the global economy through: “energy markets, supply chains and increased freight costs.”

For Caribbean citizens, those consequences are already becoming painfully visible.

In Nassau, gasoline prices have surged again, with regular fuel now nearing or exceeding seven dollars per gallon at some stations. Consumers in other CARICOM countries are also reporting higher transportation costs, rising grocery bills and mounting pressure on household budgets.

The fear among regional leaders is that the crisis is far from over.

Roughly 20 percent of the world’s oil and liquefied natural gas normally passes through the Strait of Hormuz, making it one of the most strategically important waterways in global trade. Analysts warn prolonged disruption could trigger even higher global inflation and deeper supply chain instability.

The United Nations Food and Agriculture Organization has now warned that the crisis could become a: “systemic agrifood shock” capable of triggering a severe global food price crisis within six to twelve months.

The Caribbean is especially vulnerable because of its dependence on imported fuel, imported food and imported manufactured goods.

A recent UN regional analysis warned that shockwaves from the Middle East conflict are already reaching Caribbean nations, where rising oil prices and freight costs are increasing the price of imported food, electricity and transportation.

Global institutions are also sounding increasingly dire warnings.

The World Bank projects energy prices could surge by 24 percent this year because of the conflict, while fertilizer prices may jump by more than 30 percent — increases likely to feed directly into higher food costs worldwide.

The International Monetary Fund has meanwhile warned the global economy could face a “much worse outcome” if the conflict drags into 2027 and oil prices continue climbing.

CARICOM is now calling for all parties to respect international law and preserve safe passage through the Strait of Hormuz under the United Nations Convention on the Law of the Sea.

The Community stressed that transit passage:  “should not be contingent on any license, levy, or authorization,” and warned that bordering states should not “hamper or suspend” the movement of vessels through the corridor.

CARICOM also called for:  “cessation of hostilities” and urged “de-escalation and restraint by all parties.”

But for many Caribbean citizens, the economic pain is already here.

And with fuel nearing seven dollars per gallon in parts of The Bahamas, regional governments are facing renewed pressure over cost of living concerns, inflation and the Caribbean’s continued dependence on imported energy and food supplies.

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

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Caribbean News

Browne Wins Fourth Term in Antigua & Barbuda Landslide

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Antigua & Barbuda, May 4, 2026 – Prime Minister Gaston Browne has secured a historic fourth consecutive term in office, leading the Antigua and Barbuda Labour Party to a commanding victory in the country’s snap general election held April 30, 2026.

Preliminary results show Browne’s party capturing 15 of the 17 seats in Parliament, tightening its grip on power and dramatically weakening the opposition.

The main opposition United Progressive Party was reduced to just one seat, held by its leader, while the Barbuda People’s Movement retained its single constituency in Barbuda.

The result marks a major political turnaround for Browne, whose party had won a much narrower 9–7 majority in the 2023 election before rebuilding support through defections and by-elections.

Voter turnout figures vary in early reports, with initial estimates indicating participation of around 35.8 percent, or roughly 22,700 voters out of more than 63,000 registered. However, broader election data suggests overall turnout may have exceeded 60 percent, reflecting steady engagement despite political tensions.

The election, called nearly two years ahead of schedule, was shaped by concerns over the cost of living, global economic pressures and fallout from U.S. visa restrictions linked to the country’s citizenship-by-investment programme.

Despite those issues, Browne campaigned on economic stability and continued development, pointing to a strong tourism recovery and ongoing infrastructure expansion.

The decisive victory now strengthens his mandate, but also raises questions about the future of the opposition, which faces internal challenges after significant losses at the polls.

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

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Caribbean News

FIGHT FOR CONTROL OF STEWART TOURISM EMPIRE PLAYS OUT IN COURTS

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May 4, 2026 – This is not just a family dispute.  It is a fight over control of a tourism empire.

At the centre is Adam Stewart, who has secured a series of legal victories across the region as challenges continue over the estate and leadership structure of Sandals Resorts International.

The multi-billion-dollar conglomerate was built by the late Gordon “Butch” Stewart, whose passing in 2021 set off a complex and ongoing dispute involving family members, estate arrangements and control of the business.

In recent rulings, courts in both The Bahamas and Jamaica have reinforced Adam Stewart’s position, effectively allowing him to continue leading the company while defending his role against legal challenges.

One key issue has centred on the interpretation of estate provisions, including whether defending his leadership could jeopardise his inheritance. The courts have ruled in his favour, clearing the way for him to maintain control without penalty.

For now, those decisions bring a measure of stability to one of the Caribbean’s most influential tourism brands.

But the matter is far from settled.

Multiple legal challenges and competing claims within the Stewart family remain active, meaning the future structure of the company is still being contested.

The implications stretch well beyond the courtroom.

Sandals operates across several Caribbean nations, including The Bahamas, Turks and Caicos Islands, Jamaica and Saint Lucia, making it a critical player in regional tourism, employment and investment.

Any uncertainty at the top of the organisation has the potential to ripple across economies that rely heavily on the brand’s continued expansion and stability.

For now, Adam Stewart remains firmly in charge.  He was named Executive Chairman of Sandals Resorts International in 2021.

Still, many are keen on the outcomes of ongoing litigation, as the battle over one of the Caribbean’s most powerful business empires is still unfolding.

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

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