Connect with us

Bahamas News

Elnet Maritime Breaks Ground for New Center in Grand Bahama

Published

on

#Freeport, GB, August 29, 2018 – Bahamas – Minister of State in the Office of the Prime Minister, Senator Kwasi Thompson, said both foreign and local investors continue to display confidence in the Grand Bahamian economy by starting new businesses or expanding existing ones.

Minister Thompson, who was the keynote speaker at the groundbreaking ceremony for Elnet Maritime Center on Monday, August 27, 2018, noted that CEO of Elnet Maritime Ltd., Elbert Hepburn is a real example of what the spirit of Grand Bahama represents.

“The government has seen restored investor interest among foreign investors, as well as among Bahamians, right here in Grand Bahama,” added Minister Thompson.  “In fact, over the past year or so, there have been a number of new businesses started in Grand Bahama, as well as expansion of existing businesses.

“If there is anyone who says that Grand Bahama is dead, I tell them to open their eyes and they will see,” added Minister Thompson.  “I am in no way suggesting that business is booming.  I am in no way saying that we are doing all that we can and should do, but what I am saying is that there are Bahamians and other investors who are pushing their way through in Grand Bahama and they ought to be commended for contributing to the kind of economy that we would like to see.”

He noted that by virtue of Grand Bahama’s deep waters, its climate and proximity to the United States and its open geographical path to the rest of the world, Grand Bahama has proven perfect for the maritime industry.   “While we also seek to expand other industries such as tourism, technology and others, we want to continue to capitalize on maritime and ensure that Grand Bahama maintains its status as a major maritime and industrial hub in the region,” he said.

During the construction phase of Elnet’s new Maritime Center, Elnet intends to engage some 125 people through self-contractors.  Post construction, there will be opportunities for 80 to 100 new jobs in Grand Bahama.

Minister Thompson said he was excited to see Bahamian-owned businesses investing further into the local economy.  Minister Thompson said Elnet Maritime, which has been around for over 10 years, is a testament to what Bahamians can achieve through hard work, faith, innovation and dedication, and that innovation and entrepreneurship are key to Grand Bahama’s economy.

Since taking office, Minister Thompson pointed out that the government has committed to creating an environment that is conducive to the creation and growth of small businesses by way of providing funding, training programs and mentorship from other professions.

“The government has allocated 25 million dollars over the next few years – five million dollars this year.  I’m sure that a great portion of that five million dollars, when it comes to small businesses development, will be spent right here in Grand Bahama.”

Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest also congratulated the CEO of Elnet, and the principals on the success of the business over the past 10 years.

“We know, based upon the history of this company and based upon your vision for Elnet, that this new endeavor will be very successful, and will continue to contribute to this island in a significant way,” said Minister Turnquest.   “This expansion, I believe, demonstrates to Grand Bahama and to The Bahamas that there is life here in Grand Bahama.  As a government we have intense discussions at least once a week about the future of Grand Bahama and what should be our response as a government and what initiative we should take to help develop this island.”

The Deputy Prime Minister noted that the step by the government to purchase the Grand Lucayan Resort was one of those initiatives or steps the government has taken to help develop the island’s economy, and that it was a demonstration of the government’s commitment to the economy of Grand Bahama and ensuring opportunities for the people of Grand Bahama and throughout The Bahamas.

“The story of Grand Bahama is in the success of entrepreneurship,” said Minister Turnquest.  “Bahamians, like Mr. Hepburn and others who have made the decision to invest in their own country.  Every day we fight to ensure that Grand Bahama gets the resources and attention that it needs.  But, in order for the government to be successful, we need the private sector to step up and take its rightful place.

“Through the small business development center that we are developing here, through the Bahamas Development Bank, through BAIC and all of the other entrepreneurial initiatives that we have, as well as the commitment of the government to put its money where its mouth is, there is opportunity, capital and even training for genuine, well-thought out businesses.”

By Andrew Coakley

Release: BIS

PHOTO CAPTIONS

BIS Photos/Andrew Miller

DPM BRINGS REMARKS – Deputy Prime Minister, the Hon. K. Peter Turnquest was among those bringing remarks during groundbreaking ceremony for Elnet Maritime Center on Monday, August 27, 2018.

SHOWING CONFIDENCE – Minister of State for Grand Bahama, Senator Kwasi Thompson, said expansion of Elnet Maritime is evidence of the confidence Bahamian investors have in the Grand Bahamian economy.

BREAKING GROUND – Deputy Prime Minister, K. Peter Turnquest and Minister of State for Grand Bahama, Senator Kwasi Thompson (second and third from right), were among those preparing to till the soil as a part of groundbreaking ceremonies for the new Elnet Maritime Center, located on Queen’s Highway, Freeport, Grand Bahama.  CEO of Elnet, Elbert Hepburn is center (fifth from left).

 

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