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COVID crisis to make 25,000 Bahamians jobless; unemployment expected to soar to 30 percent says Prime Minister

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#Nassau, The Bahamas – May 13, 2020 – With each passing day, COVID-19 is devastating the Bahamian economy.

“Not since the outbreak of World War II over 70 years ago have we lived through such a devastating impact on our economy and the livelihoods of so many Bahamians. Tourism, trade and commerce are all suffering devastating and deep blows. We are in very difficult and uncharted waters,” said Dr. Hubert Minnis, Bahamas Prime Minister on Mother’s Day during a National Address. 

As the Caribbean region braces for what is forecast to be another high performing hurricane season, countries like The Bahamas, which is still reeling from the historic hit of Hurricane Dorian last year, may see the jobless rate soar to 30 percent.

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The Prime Minister shared, “Based on applications to NIB, more than 25,000 people have been laid off or have lost their income to date.   This number will likely increase.    The initial numbers from the Treasury indicate that the tax revenues for April were just about one-half of what was collected in April, 2019.    Our unemployment rate in the near term will likely exceed an unprecedented and extraordinary 30 percent.  The entire global economy is in freefall and in unchartered territory.”

It is excruciating imagery, to accept that 25,000 Bahamians will be unemployed and as many as 12,000 others, who are work permit holders will be without a job and an income.  The future looks grim, and the Prime Minister on Mother’s Day did not attempt to paint a rosy picture.

“Even the most powerful and developed countries in the world have entered into deep recession with very high unemployment and the loss of scores of businesses, especially in service industries like tourism, hospitality and entertainment.”

It is true that the International Monetary Fund, a month ago in a video statement told the global community that the crisis precipitated by the continuing impact of the Coronavirus contagion would bring about a global recession akin to the Great Depression, which  tragically spanned a decade beginning in October of 1929.

“The IMF predicts that the economic fallout will surpass “that seen during the global financial crisis a decade ago,” said Dr. Minnis.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva

The Bahamas, according to the nation’s chief, is forecast to see its economy contract by 14 to 20 percent; a one-year decline.  And the driving engine, Tourism, is severely stalled.

“Our closest economic partner, the United States of America, is now seeing job losses like that of the Great Depression. By some estimates, our economy may shrink by between 14 to 20 percent during 2020.  This will represent a historic one-year decline.   Tourism, the leading engine of our economy, is being devastated.  Many businesses that closed during the lockdown are not confident they will be able to reopen once the restrictions are lifted.   We are facing a stark reality that the vast majority of us have never seen in our lifetimes,” explained Dr. Minnis.

On May 27, The Bahamas is expected to hear the fiscal plan by Dr. Hubert Minnis’ FNM Government Administration, when it presents the National Budget.

“It will be a budget that is shaped to match the unprecedented nature of the times we are living in.   What I will say at that time is that your government will ensure that social welfare allocations are expanded to meet the basic food and other core needs of those economically displaced because of COVID-19.”

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Bahamas News

Press Statement by Valdez J. Edgecombe (“V.J”) On National Honours Award

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The Bahamas, 10th July 2025

Thanks to the caring support of my mother, grandmother, family members, and the Bimini Island village, I never went to bed with an empty stomach.

Today, my heart is full to learn that I have been named to the 2025 conferral of awards under the National Honours Act to citizens of The Bahamas.  I am very surprised, deeply humbled, grateful, and by all means honoured to identify as a recipient of the prestigious Order of Lignum Vitae Award.

I commend the Office of The Governor General and, by extension, the government and people of The Bahamas for such a profound recognition.  Through this award, my name will forever be linked with hundreds of great Bahamians who have and continue to contribute tremendously to nation-building.  My heartfelt congratulations to all.

Thank you all so very much for considering me to be placed among so many outstanding giants, in particular my fellow athletes who have and are presently performing on the international stage.

This award has everything to do with my mother’s incredible sacrifice, my siblings, and my family’s belief in me, the Bimini village, and wider Bahamas support base, and the many individuals and institutions abroad who are now regarded as my family.

Never in my wildest dream did I expect to wake up on the 52nd Anniversary of my country’s Independence to find that I am a National Honours recipient.

I have always dreamt big, but only divine intervention could have made it possible for me by way of a National Honours list to be associated with the courageous Pompey Rolle, a slave from Lord Rolle’s Plantation in Steventon, Exuma,The Bahamas, back in 1839, who led a revolt with unmatched bravery to free himself and fellow slaves from despicable human suffering – 77 slaves are noted in this chapter of our nation’s history .

Today, in 2025, without ever drawing any real tangible connection to Pompey’s heroics, I wear jersey number 77 for the Philadelphia 76ers.

What a difference 186 years make.

To God be the Glory.

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Storm Forces Historic Shift in Bahamas Independence Traditions

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By Deandrea Hamilton | Editor

 

The Bahamas, July 9, 2025 – For over five decades, the annual Independence celebrations in The Bahamas have been a grand tradition, culminating in a vibrant gathering at Clifford Park in Nassau, where the nation first declared its independence on July 10, 1973.  However, this year, inclement weather has forced an unprecedented change to the celebrations, leaving many to reflect on how nature’s unpredictable power can alter even the most cherished of traditions.

The Office of the Independence Secretariat announced today that, due to severe weather conditions, the traditional in-person festivities would not take place as planned.  Instead, the celebrations will proceed as a televised-only event, ensuring that citizens can still participate from the safety of their homes.  This marks a dramatic departure from the usual spectacle at Clifford Park, where thousands gather each year to watch the raising of the flag and partake in cultural performances.

Tonight’s program will be broadcast live, beginning with the Ecumenical Service at 9:00 p.m. from Bahamas Harvest Church, followed by the Raising of the Flag at 11:20 p.m. at Clifford Park. The Cultural Show, a highlight of the event, has been postponed, with organizers promising a new date following further weather assessments.

The decision, made in consultation with relevant agencies, reflects the committee’s commitment to the safety and well-being of the public. While it is a departure from tradition, the shift to a televised format ensures that the spirit of celebration can still unite the nation, even in the face of adversity. As Bahamians adjust to this new reality, the 52nd Independence anniversary will undoubtedly be remembered as one where the resilience of a nation shone through—both in weathering the storm and in finding new ways to honor its independence.

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Bahamas News

Scotiabank Launches “Ticket to Tokyo” Campaign with Exclusive Client Event at OKU  

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Nassau, Bahamas – Scotiabank Bahamas officially launched its highly anticipated “Ticket to Tokyo” campaign with an exclusive client celebration at OKU Restaurant, transforming the chic venue into a sleek, Tokyo-themed oasis. Guests, including Scotiabank clients and invited partners, were treated to signature cocktails, curated Asian inspired bites and a vibrant atmosphere designed to mirror the excitement and sophistication of Japan’s capital city.

The event served as a thrilling preview of what one lucky Scotiabank credit cardholder and their guest will experience this fall, an all-expenses paid trip to Tokyo, Japan. The campaign reflects Scotiabank’s continued commitment to creating meaningful and memorable experiences for its clients, extending far beyond traditional banking benefits.

“At Scotiabank, we believe in more than just banking, we believe in delighting our clients with experiences that go beyond the benefits of our products and services,” said Roger Archer, VP & District Head at Scotiabank Bahamas. “Our credit cards are designed to match every lifestyle, with features that reward clients for their everyday purchases in ways that truly matter.”

The “Ticket to Tokyo” promotion, which runs from May 19 through July 7, 2025, is open to legal residents of The Bahamas who are 18 years or older. Eligible participants can enter by spending BSD$350 or more on a Scotiabank credit card, with each qualifying transaction earning one entry into the draw. New cardholders can also participate by activating their card and making a qualifying purchase. There is no limit to the number of entries a cardholder can earn, increasing their chances of winning with each eligible transaction.

The grand prize includes roundtrip airfare to Tokyo for two, five days and four nights of hotel accommodation, ground transportation, USD $1,000 in spending money and a curated experience that may include athletic events and cultural excursions. Travel dates for the trip are set for September 13-23, 2025.

Scotiabank offers a wide selection of credit card products that cater to a variety of needs and preferences. Clients can benefit from no annual fees with the Scotiabank Visa card, earn travel points through the Mastercard Aero or Visa AAdvantage cards, enjoy up to 4% cashback with the Mastercard Gold or accumulate Membership Reward Points through American Express for exclusive perks and lifestyle experiences.

Over the years, Scotiabank has taken its cardholders to some of the world’s most prestigious events and destinations, including Formula 1 races in the US, the NBA Finals in Miami, the Miami Open, FIFA World Cup in Australia, and cultural getaways across Greece, Italy, Paris, Oregon, and Budapest. Clients have also enjoyed exclusive concert experiences, including shows by Taylor Swift and Coldplay.

The “Ticket to Tokyo” campaign is the latest in a long line of once in a lifetime opportunity presented by Scotiabank to thank its clients for their loyalty and continued trust.

“This campaign is an extension of our client-centric approach and our goal to deliver value in unique and exciting ways,” added Archer. “We’re proud to reward our credit card clients with a chance to explore one of the world’s most vibrant cities, where ancient tradition and cutting-edge innovation come together in unforgettable fashion.”

The winner of the campaign will be announced on July 17, 2025. To learn more or to apply for a Scotiabank credit card, interested persons can visit bs.scotiabank.com or stop by any branch location.

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