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BAHAMAS: Ministry of Finance Eyes More Aggressive Push on Ease of Doing Business

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#Nassau, November 9, 2018 – Bahamas – Ministry of Finance spearheads inter-agency working group working group to aggressively push forward ease of doing business initiatives

Following the Prime Minister’s mandate to make ease of doing business a top priority for the Government, the Ministry of Finance is spearheading an inter-agency working group to make business faster, cheaper and better in The Bahamas.

The incremental move in the latest World Bank Ease of Doing Business ranking is a welcomed sign that the Government’s initiatives are reaping benefits.  However, the target for the inter-agency working group is to see at least a 15% increase over the next few years, not just a 1% increase in the rankings.

The assessment undertaken by the World Bank is conducted every year based on ten focus areas that affect the life of a business.  The specific indices that are tracked and scored by the World Bank include the following: starting a business, dealing with construction permits, getting electricity, registering property, having an effective credit rating and tracking system, protecting minority investors, paying taxes easily, trading across borders, enforcing contracts and resolving insolvency.

“Ease of doing business is a serious issue that has support and attention at the highest levels of government.  At the Ministry of Finance, we spearhead the inter-agency working group that is focused on driving change across government based on the focus areas assessed by the World Banks’ Global Ease of Doing Business Ranking,” said K. Peter Turnquest, Deputy Prime Minister and Minister of Finance.

The group consists of representatives from the Ministry of Finance, the Office of the Prime Minister, the Office of the Attorney General, the Department of Inland Revenue, the Customs Department, the Department of Public Works, the Central Bank of the Bahamas, the Registrar General’s Office and the Securities Commission.

“The ultimate test is whether people feel the impact of the changes on the things that matter most to them, but we are also using the global ranking as a benchmark because it uses objective and quantifiable measures of progress and it assess our performance against 190 economies across the world.  Internally, our working group is employing a data-driven approach to tracking progress and decision making, modeling this best management practice for government,” said Minister Turnquest.

“We started this project several months ago. And as the New Year unfolds, we will be rolling out a number of significant initiatives that will have a positive impact on the daily lives of businesses and help us to continue our climb on the global ranking list,” said Minister Turnquest.

Bahamian businesses have to interact with the Government on a daily basis to trade goods across the border, to pay taxes, to apply for various approvals, and a wide range of transactions.  The Ease of Doing Initiative of the Government is not just focused on the elements scored by the World Bank.  It is also paying necessary attention on making all business and customer interactions with government easier, faster and better.

“We plan to alleviate frustration around the lengthy time it takes to start a new business; the time it takes to get a construction permit; the hoops you have to jump through to access credit, among other priority areas.  There are certain structural changes that have to take place to advance these efforts fully, but there are also short-term steps we can and will take early in the New Year to relieve some of these pain points,” said Minister Turnquest.

“Simple changes such as improving the flow of communication between government service providers and the public; or digitizing processes such as applying for a revenue exemption or applying for a construction permit,” Minister Turnquest continued.

The public will hear more about the Government’s plans and will be invited to provide feedback on the various initiatives.

 

Press Release: Ministry of Finance.

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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