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Minister Thompson optimistic about the future of Grand Bahama

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#GrandBahama, June 5, 2018 – Bahamas – “I am optimistic for the future of Grand Bahama, even in the face of the recent announcement on the increase of Value Added Tax,” said Minister for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson.

“This was necessary to avoid downgrading, necessary to avoid mass firing of employees and necessary to avoid the devaluation of our dollar. After years of kicking these problems down the road and trying to borrow our way out of trouble, it was time to make the hard, but necessary decisions.”

Minister Thompson was the keynote speaker at the 2018 Bahamahost graduation, which was held on Thursday, May 31, 2018, at Calvary Temple Church. Some 280 people made up this year’s graduating class, one of the biggest classes in the programme’s history in Grand Bahama.

Minister Thompson told the graduates and their guests that he chose to be optimistic about the future of Grand Bahama, even in light of some of the challenges it presently faces. Such optimism, he said, lies in the fact that there has been an increase in foreign direct, and domestic, interests over the past year in Grand Bahama.

“I’m optimistic by the re-opening of the Goombay Land Amusement Park, where there is expected to be some 20 people hired; I’m optimistic about Grand Bahama because we have seen the local investment by Fowlco, a Bahamian Marine logistics company that has hired 17 people.

“I’m optimistic about Grand Bahama because we have seen the expansion of companies like Omni Financial that has hired some 10 people; companies like Carnival Corporation, Ocean Medallion that have trained and hired Bahamians to create and to configure cutting edge technology for Carnival Cruise Line; I’m optimistic because we have seen companies like the Wind River Tobacco company invest in Grand Bahama and hire 20 Grand Bahamians.

“I’m optimistic about a major fabric company out of Nassau that will be opening doors here in Grand Bahama in a few months and who will be hiring Grand Bahamians to work; I’m optimistic because a Bahamian-owned food store is embarking upon a multi-million dollar expansion here in Grand Bahama, and construction has already begun.

“I’m optimistic about Grand Bahama because once stalled major projects have been restarted, like the Seaward Fishing Village and the PharmaChem expansion project. I’m optimistic about Grand Bahama because more such projects are coming on stream and are expected to once again boost the economy of Grand Bahama.”

Minister Thompson said that he is very optimistic about the future of tourism in Grand Bahama, particularly as the Government moves closer to closing the deal on the Grand Lucayan Resort and as plans go into effect to begin renovation on the property.

He said that the former Ginn Project has also been revived and the new owners have committed to hiring 200 people in their first year of operation. The Grand Bahama Minister said that there are some other projects scheduled to come on stream in Grand Bahama, but because they are still in the early stages, he was not at liberty to disclose the details of those projects as yet.

“But if you sat where I sit, you too would be optimistic about what is going to happen in Grand Bahama,” added Minister Thompson. “Even in the face of an increase in VAT, I’m still very optimistic in the future of this island.”

When the announcement that Value Added Taxes was increasing from 7.5 percent to 12 percent was made by the Minister of Finance, the Hon. K. Peter Turnquest, during his recent Budget Communication, a firestorm of social media posts reflected Bahamians’ feelings about the proposed increase.  However, Minister Thompson said he believes that in the end Bahamians would see why it was necessary for the Government to take the position it took on VAT.

“But even in the face of all of that, there are reasons in the recent budget to be optimistic,” added Minister Thompson.

“We’ve made it easier for Bahamians to do business, finding an easier way for Bahamians to start and renew their businesses; we have reduced duty on small vehicles; we have taken Value Added Taxes off breadbasket items and off medication; we have taken the duty off clothes and shoes for those businesses that sell those items and we have allowed for building supplies to be imported duty free, something which many Grand Bahamians are still in need of, as they continue to repair their homes from previous storms.”

A programme to be launched by the government that Minister Thompson is excited about is the new BTVI Scholarship initiative, which he says will help young people obtain the special training needed to take advantage of the expanding job market, particularly in technology subjects.  This programme, which is meant to be a transition from the 32-week job training program, will pay students to attend school and graduate with a degree.

“So, no matter what is going on or how things may appear, I choose to be optimistic about the future of Grand Bahama,” said Minister Thompson. “So I encourage you new Bahamahost graduates to join in this optimism, even as you celebrate the completion of this program.

“I want to commend you for your dedication and hard work that has brought you to this point – the graduation. It is an important milestone for you tonight. You have completed the training program and are now equipped with a unique skill set to approach the workforce and to help you ultimately succeed.

 

“Remember, successful people are optimistic people. They are not complainers. They are too busy solving the problem the rest of us are complaining about. So I challenge you to be more focused on finding a solution, than you are on a problem. When you are challenged, do not get bitter, get better.  Nothing worth having ever comes easy; if it came easy, everyone would have it and everyone would do it.

“I congratulate you for being a part of the solution. I particularly congratulate those who already are and who will become entrepreneurs. We must support you, as your success will drive our economy.”

 

By: Andrew Coakley (BIS)

Photo Caption: Minister of State for Grand Bahama, Senator Kwasi Thompson says that in spite of the announcement of a hike in Value Added Tax, he is optimistic about the future of Grand Bahama and sees many great things on the horizon for the island.

 

 

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Caribbean Bottling Supports the 27th Basketball Smiles Week  

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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.

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CWS Supports Transforming Spaces with Premium Products and Unique Cocktails

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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.

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Caught in the Net, Not Accused of Wrongdoing

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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.

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