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BAHAMAS: Small Business Development Program Launched in Eight Mile Rock

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Eight Mile Rock, GB, March 12, 2019 – Bahamas – The Government launched its Grand Bahama’s Small Business Development program in West Grand Bahama at the Eight Mile Rock High School auditorium, Friday, March 8, 2019.

After successfully launching the program in East Grand Bahama last month, Deputy Prime Minister and the Minister of Finance the Hon. K. Peter Turnquest said he wanted to give residents in Eight Mile Rock and West Grand Bahama the same opportunities to become successful entrepreneurs. He noted that the residents of Eight Mile Rock are no strangers to start-up businesses.

“You here in West Grand Bahama, you have a history of entrepreneurship and for anyone driving up and down the main street here it is evident. But is it not interesting that people still drive down to Freeport to shop?

“So, you have to ask the question, why have all the big businesses that were set up here closed down? I think what it says is that we have to first learn to support one another and then it tells me that before you launch into a business, you must first determine, by research, what it is the people in this community want. What sorts of businesses in this community will they support?

“The Small Business Development Centre (SBDC) will help you make that determination and give you an idea of just how viable your business idea will be for this community.”

Minister Turnquest told those who had gathered for the launch of the SBDC that when the Free National Movement came to office, they held a series of consultations and brain-storming sessions to see how they could create some sort of programs that would help to empower the ordinary Bahamian.

The creation of the SBDC was birth out of those consultations.

“Like you, we heard the cries that Bahamians feel by and large that there are advantages that are given to foreign investors that are not given to Bahamians. That a foreigner can come to this country, and because he has access to easy money or to networks, which Bahamians are not able to access, can get an advantage over us in our own country.

“Obviously that is inherently unfair.”

However, Minister Turnquest noted that for the most part, Bahamians have never been taught how to be entrepreneurs, or how to think with an entrepreneurial mind-set and to take risk. He said that Bahamians, as a people are very risk averse.

He said many Bahamians believe that they would like to be business owners, however, not that many are willing to take the risk, leave a secure job and go out to pursue their dreams.

“Thinking through this problem, we asked what could we do to address that lack of entrepreneurial thinking in our people, to address the fear that leads to this reluctance for people to strike out on their own, and how do we get financiers to get over their uncertainty of taking a risk on our people.

“We came up with this idea of the small business development centre, whose objective is to help the ordinary Bahamian to think through an idea. And those ideas can be diverse as we are a people.

“Some ask the question, ‘if I am interested in the creative arts, can I come to the Small Business Development Centre?’ The answer is absolutely. If you’re interested in agriculture, retail, wholesale, manufacturing, or intellectual property, you can come to the Small Business Development Centre.

“The idea is to have you be as creative and as opened as you possibly can.”

Minister Turnquest encouraged those present at the SBDC launch to “look within themselves” to discover their respective talents and to consider that desire of doing the things that would make them happy to get up each morning and pursue that dream in their hearts.

“Then we encourage you to come to the Small Business development Centre and talk through it with one of the Advisors, so that you can determine, with their help, whether your idea is commercially viable. It is great to have a hobby, but if you cannot turn it into money, then it is just a hobby.

“They will walk you through the idea, from the inception, to developing that business plan, so that we can test it to ensure that it is a reasonable idea. You are taken through the training so that you can understand business.”

The SBDC will then help the prospective entrepreneur to find the funding necessary to bring the business idea to fruition. DPM Turnquest said that one of the beauties of the SBDC program is once an individual goes through the SBDC, it gives their business plan credibility.

By Andrew Coakley

Release: BIS

Photo Caption: Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest (standing) addresses the crowd who showed up for the launch of the Small Business Development Program in West Grand Bahama at the Eight Mile Rock School Auditorium, Friday, March 8, 2019. Also on hand for the launch was Parliamentary Secretary in the Office of the Prime Minister and Member of Parliament for West Grand Bahama, Pakesia Parker-Edgecombe (seated, third from right). 

(BIS Photo/Andrew Miller)

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Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

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

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FNM’S $200 CHILD SUPPORT PLAN SPARKS DEBATE AS PLP QUESTIONS FUNDING AND SCOPE

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NASSAU, Bahamas — The Free National Movement has rolled out details of its proposed $200 monthly Working Parent Child Support Initiative, but the announcement has already ignited political debate and prompted clarification from the party.

Leader Michael Pintard said the initiative would provide $200 per month to qualifying caregivers during the first two years of a child’s life, as part of a broader push to ease the cost of living for Bahamian families.

The party estimates the programme would cost between $12 million and $14 million annually, with funding to come from reducing what it describes as excessive government spending — particularly consultancy contracts.

However, the proposal quickly drew scrutiny.

The governing Progressive Liberal Party has challenged the feasibility of the plan, questioning how the payments would be sustained without increasing the deficit or introducing new taxes. The response forced the FNM to further outline its funding strategy, emphasizing that a 21 percent reduction in consultancy spending could fully finance the initiative.

The exchange has highlighted a familiar election-season tension — bold proposals versus practical execution.

Beyond the child support plan, Pintard outlined a wide-ranging policy agenda, including:

  • Removing VAT on select essential goods
  • Constructing 5,000 affordable homes within five years
  • Cutting the country’s food import bill by half
  • Strengthening enforcement against illegal immigration
  • Reforming the nation’s healthcare system

Pintard also took aim at the current administration, accusing it of mismanaging public funds and awarding more than $400 million in contracts without competitive bidding — claims which have further fueled political back-and-forth.

“The best way to pay for high-quality public services in the long run is to have a strong, efficient economy,” Pintard said, arguing that government spending must be redirected toward ordinary Bahamians.

While supporters have welcomed the proposals as timely relief for struggling families, critics remain cautious, pointing to unanswered questions around implementation, eligibility, and long-term sustainability.

With election momentum building, the debate surrounding the FNM’s plan underscores a broader reality — Bahamians are being presented with big promises, but increasingly demanding clear answers on how those promises will be delivered.

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

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COI UNVEILS FIRST 100 DAYS PLAN, PROMISING SWEEPING CHANGE AND BREAK FROM MAINSTREAM POLITICS

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NASSAU, Bahamas — The Coalition of Independents has rolled out its First 100 Days Plan, positioning it as a roadmap for rapid national transformation and a clear break from what it describes as the failures of the country’s two dominant political parties.

Leader Lincoln Bain introduced the plan during a recent public presentation, outlining a series of early actions his party says would be implemented immediately upon taking office.

At the heart of the proposal is a push to redistribute access to Crown land, a signature policy of the Coalition, which argues that Bahamians should have greater direct benefit from national resources. The plan also prioritizes the full implementation of Freedom of Information legislation, with Bain framing transparency as a cornerstone of restoring trust in government.

Additional focus areas include proposed reforms to the healthcare system, including improved compensation for nurses and medical professionals, and broader governance changes aimed at increasing accountability and reducing political control over national decision-making.

The Coalition has branded the plan as a historic first, describing itself as the only political group to present a structured 100-day agenda ahead of a general election.

But beyond the policy points, the messaging was unmistakable.

Bain and his team continue to urge Bahamians to move away from the traditional two-party system, arguing that both the Progressive Liberal Party and the Free National Movement have failed to deliver meaningful change despite decades of governance.

“The system is not working for the people,” has been a consistent refrain from the Coalition, which is campaigning on the idea of resetting how the country is governed.

While supporters view the 100-day plan as a bold and necessary shift, questions remain about the level of detail provided, particularly around costing, timelines, and how proposed changes would be executed within the existing structure of government.

Still, the rollout signals that the Coalition of Independents is seeking to position itself not just as an alternative voice, but as a ready governing option — one promising immediate action and systemic reform.

With election momentum building, the emergence of a defined 100-day agenda adds a new dimension to the political landscape, as Bahamians weigh competing visions for the country’s future.

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

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