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Remarks by Prime Minister Minnis at the Bahamas Blockchain and Cryptocurrency Conference in Grand Bahama

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#GrandBahama, June 21, 2018 – Bahamas

 

Remarks

Dr. Hon. Hubert A. Minnis, MP

Prime Minister

 of the Commonwealth of The Bahamas

Bahamas Blockchain BBCC 2018

Cryptocurrency Conference

Wednesday, June 20, 2018

Grand Lucayan Hotel

Freeport, Grand Bahama

9:00 A.M.

 

 

  • Senator the Hon. James Kwasi Thompson and other Cabinet Ministers
  • International and local conference participants
  • Distinguished ladies and gentlemen,

 

Today it is my privilege to be in our nation’s second city of Grand Bahama, for the official opening of the Bahamas Blockchain and Cryptocurrency Conference.  This represents an important step towards my government’s new vision for the Bahamas, and a progressive step for the island of Grand Bahama.

Our Government recognizes that in order for our economy to continue to grow we must diversify, and create other opportunities for Bahamians to be successful.

I firmly believe in growing a diverse technology industry sector in the Bahamas, where entrepreneurs, can start and grow new technology companies.  We must also welcome existing global technology players to move their operations to The Bahamas, both of which, will have a meaningful impact on our economy and can be achieved in a relatively short period of time.

Ladies and Gentlemen,

Companies that utilize blockchain technology as a basis for their new products and services represent the genesis of a new wave of solutions that we believe will change the world as we know it.  There is no reason why these new blockchain technology companies that have their eyes on global markets, cannot have their base of operations here in The Bahamas.

We are a sovereign jurisdiction that has been a stable parliamentary democracy for over 250 years.  We believe in the rule of law, and are only 68 miles from the United States.

Ladies and Gentlemen,

My Government is committed to establishing the proper regulatory framework to ensure that incorporating, funding, and operating technology companies that have global ambitions is a relatively easy process.  Significant progress has already been made with the passing of our Commercial Enterprise Act and our ongoing Ease of Doing Business changes and amendments.

Here in the Bahamas, we fully understand that establishing and growing a technology industry sector is not easy, however, the Bahamas is uniquely positioned to quickly become the jurisdiction of choice for technology companies, particularly blockchain technology companies, and FinTech solution providers.

Other software and technology companies inclusive of biotechnology, artificial intelligence, and advanced manufacturing operations can make the Bahamas their home as well, forming clusters that would only serve to diversify and strengthen our technology sector.

We understand that in order to build a thriving technology sector that will benefit our country’s economy in a meaningful way, several key components must be in place, these include:

(i) policies that encourage innovation,
(ii) an educated and motivated workforce with access to higher education and professional development resources,

(iii) a flexible immigration policy

(Iv) and locations and infrastructure that can support population growth, and provide broadband access and telecommunications services that are on par with the rest of the world.

Additionally, in The Bahamas we can provide a quality of work-life balance that is second to none given our ability to offer sun, sand, sea, and cultural experiences that are uniquely Bahamian.

We are well positioned to become the new Silicon Capital of the Caribbean.  Grand Bahama was designed, and has the infrastructure to support 250 thousand residents.  Today it has a population of just over 40 thousand residents.

Broadband connectivity is of the highest quality within the Bahamas, with gigabit networks becoming the norm for both commercial and residential usage.  Grand Bahama is the ideal location in The Bahamas that can support the establishment and growth of a technology cluster of blockchain, and other software companies that can jumpstart the technology industry in The Bahamas.

Recently, my Government announced plans to provide free tuition at the Bahamas Vocational and Technical Institute, which provides degree programs in Information Technology Management, and free tuition at the University of the Bahamas commencing 2019, which also provides various degree programs in Technology.

The Bahamas also has a significant number of financial services, and wealth management firms that can provide investment and advisory services.

Here in The Bahamas, we have all of the available resources, and expertise, to work with both international, and local entrepreneurs, and investors, to build a robust technology sector.

We are pleased that many distinguished international and local professionals in blockchain and cryptocurrency have come to this place at this time to help us tell the world that The Bahamas is taking a deliberate step in building its technology industry sector.

I would also like to welcome the many Bahamians who have joined us with the desire to be the pioneers in this new industry, recognizing that technology will allow us the opportunity to become global players in an industry that is poised for growth.

I do not think it would be too far-fetched for me to say that the next generation of Bahamian millionaires, and possibly billionaires, could earn their wealth in the technology sector.

What we do here at this conference is the first step in that journey: a journey that we cannot accomplish alone, which is why our international friends and partners must play an integral, and important role in all of this.

We welcome you all here to The Bahamas, and look forward to learning from you, investing with you, and laying the foundation to build a technology industry that will benefit all who are a part of it.

Thank you and good morning.

 

Photo Caption: Prime Minister, Dr. the Hon. Hubert Minnis was keynote speaker at the opening of the Bahamas Blockchain and Cryptocurrency Conference at the Grand Lucayan, June 20, 2018.

(BIS Photo/Lisa Davis)

 

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Ayla Isaacs Unveils Transformative Guide Amidst Challenging Times

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Bahamian author Ayla Isaacs is making an impactful debut in the literary world with her book, “Achieving Optimum Spiritual Health—Transforming Your Wellbeing With Diet, Exercise, and Rest.” As crime rates surge and the aftermath of the pandemic leaving many grappling with hopelessness and a sense of abandonment, Isaacs’ guide offers a beacon of hope and a roadmap for personal transformation, emphasizing the importance of prioritizing spiritual resilience in navigating adversity.

Long-time Bahamian physician Dr. Horizal Simmons says, “Ms. Isaacs not only states the spiritual ingredient that we should use for our therapy, but she also explains how it works in our spiritual system and the beneficial changes that will bring the desired transformation or spiritual health benefits.” Applauding the soundness of the book and paralleling it to physical wellness, Dr. Simmons said he highly recommends it to anyone serious about their spiritual well-being and health.

Isaacs is a highly experienced Project Manager who draws from her background in Civil and Environmental Engineering, International Business, and Christian ministry, whether a physical structure or the wellbeing of an individual’s life. Her published work shows that she strongly believes in building with structural integrity. Isaacs provides readers with a holistic approach to welfare beyond traditional self-help. She explores the transformative power of simple spiritual practices integrated into daily life. Isaacs believes that prioritizing spiritual health can help individuals find inner fulfillment and a sense of purpose, which she believes are essential in combating the prevailing hopelessness.

Coach Gregory Cash, who has spent decades helping to develop great athletes and leaders in the country, believes the unique perspective shared, especially relating to spiritual exercise, can touch the hearts of so many. Wendy Fernander, PhD., a licensed clinical psychologist and president of the Bahamas Psychological Association, noted that too few of us think about our spiritual diet, which results in our spiritual wellbeing. When asked about the book, Dr. Fernander said, “This book will provoke you to do serious soul searching.”

Amid the challenges communities face, Isaacs encourages readers to initiate a positive “me” movement—a focus on self-improvement that, when embraced collectively, can lead to stronger families, churches, and nations. According to Isaacs, strengthened individuals become catalysts for positive change within their immediate circles, creating a ripple effect that extends to broader communities.

Ayla Isaacs, whose roots go back to South Eleuthera, is a founding member of the Smart and Strong Sisterhood (SASS) and the creative mind behind A.I. Paper, a gift-wrapping paper and bag company that celebrates the islands of The Bahamas. Isaacs believes that investing in spiritual wellbeing is pivotal for personal growth and resilience. A conference speaker who is actively involved in church ministries and affiliated with several civic organizations, Isaacs firmly believes in the balance between personal and community wellbeing.

“Achieving Optimum Spiritual Health” is now available on Amazon.com and BarnesandNoble.com in paperback and eBook form and locally at Oasis Bookstore in Nassau. Isaacs encourages readers to embark on a transformative journey and be architects of their spiritual wellbeing. In times of uncertainty, “Achieving Optimum Spiritual Health” offers a guide and a message of hope and empowerment for individuals seeking personal and communal transformation.

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Tired of Taking Notes? The new Samsung Galaxy S24 Will Transcribe and Summarize Your Voice Notes In A Snap! 

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NASSAU, Bahamas – Faster, smarter and more convenient than ever before, the new Samsung Galaxy S24 will revolutionize your productivity with its new Transcript Assist and Browsing Assist features. In the continuous pursuit of delivering innovative solutions that enhance productivity and user experience, Samsung Electronics is proud to introduce two groundbreaking features: Transcript Assist and Browsing Assist.

The Transcript Assist feature, powered by Galaxy’s advanced artificial intelligence, takes note-taking to a whole new level by enabling users to easily convert voice notes and conversations into useful and accessible notes. Whether in a business meeting, conference, or casual conversation, the Galaxy S24’s Transcript Assist makes capturing information easier than ever.

By utilizing Transcript Assist, users can effortlessly record any conversation with multiple speakers and transform it into a clear and concise transcript with just a few taps. This feature is particularly useful for those who need to keep a detailed record of discussions and decisions made during important meetings or collaborative work sessions.

“With Transcript Assist, we’re redefining the way people take notes and record information,” said Gianmarco Leri, Product Manager at Samsung Electronics. “No longer do you have to worry about missing important details during a conversation. With the Galaxy S24, you can capture every word and turn it into a useful reference that you can easily review and share.”

In addition to generating accurate transcripts, the Transcript Assist feature also offers the ability to generate quick summaries of conversations, as well as the option to translate the entire transcript into different languages, facilitating communication and collaboration among people from different regions and cultures.

On the other hand, the Browsing Assist feature allows users to navigate more efficiently and conveniently on their Galaxy S24 devices by providing intelligent and contextual suggestions during web browsing and online content exploration.

The Galaxy S24, equipped with Transcript Assist and Browsing Assist, marks the beginning of a new era of productivity and convenience in mobile devices. These innovative features demonstrate Samsung Electronics’ continued commitment to providing advanced tools that help people achieve their goals more effectively and efficiently in everyday life.

So, get ready! The new Samsung Galaxy S24 will be coming soon to tech stores in The Bahamas soon.

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Weather Systems Affect Cuba and The Bahamas

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Rashaed Esson

Staff Writer

#Weather#Cuba#TheBahamas, March 25th, 2024 – Serious weather struck The Bahamas and Cuba over the weekend, both nations receiving warnings from their meteorological entities. The Bahamas was affected by severe thunderstorms.  In fact, an area of the Carnival Freedom Cruise Ship, which was 20 miles off Eleuthera, Bahamas, caught fire and reports say it was possibly due to a lightning strike.  Fortunately no lives were reported lost.

Meanwhile, Cuba had intense rainfall and hailstorms, resulting in damage to surrounding areas, thousands left without electricity amid fallen trees and Flash Floods.

 

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