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Prime Minister Davis says despite global events his government can ‘stand in the gap’ and ease the burdens of the Bahamian people

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By ERIC ROSE

Bahamas Information Services

 

#NASSAU, The Bahamas, November 4, 2022 – While making his Contribution on the Minimum Wage Increase 2022 in the House of Assembly, on November 2, 2022, Prime Minister and Minister of Finance the Hon. Philip Davis noted that, although his Government cannot prevent global events from having a local impact, it can “stand in the gap” and ease the burdens of the Bahamian people.

“It has been clear for a long time, to anyone paying attention, that the minimum wage was far too low,” Prime Minister Davis said.  “When we came to office, we immediately started planning and negotiating to raise the minimum wage.

“We did not hesitate,” he added.  “And we did not let the fiscal and economic crises we inherited stand in our way.”

Prime Minister Davis pointed out that, with the passage of that Bill, the minimum wage would increase from $210 to $260 per week.  In the public sector, he added, the raise was retroactive, going back to the past July.  In the private sector, the increase would begin in January, with the extra months allowing businesses to plan and prepare.

“Fifty dollars more each week will not eliminate the economic strain on families; but it is something — $200 more a month towards food, or school fees, or rent, or peace of mind,” he said.

“It is progress on the path to a livable wage,” Prime Minister Davis added.  “It’s been a long time since the minimum wage was last raised — seven years ago, in fact, in 2015.”

He noted that his Government was “very careful” to negotiate a minimum wage that would not slow down job growth; and were “very mindful” of pressures facing Bahamian businesses.

“Similarly, when we added diapers and more food items to our price control list, we are signaling to businesses that we expect the savings from reduced customs duties to be passed on to Bahamians,” Prime Minister Davis said.  “Business owners will still make a profit, just a little less than they would otherwise.”

“We have listened to their concerns, and we have been flexible about some of the details,” he added.  “We will continue to review the impact of price controls on both consumers and businesses.

“But the bottom line is, the costs of this global inflation crisis must be a shared burden, not one that falls primarily on Bahamian families working to get by.”

Prime Minister Davis said that the new price controls on medications were in effect, pharmacies would remain open, and his Government expected pharmacies to come into full compliance “in the coming days”.

“In raising the minimum wage and expanding price controls, my Government is holding firm in protecting the interests of the Bahamian people,” he said.

Prime Minister Davis said that his Government believed that the increase in the minimum wage would provide some measure of relief for working Bahamians, while a growing economy would allow businesses to adjust successfully.

He said:  “The minimum wage increase is part of a larger set of policies intended to relieve cost-of-living pressures, including: reduced or eliminated customs duties on key items such as food, solar supplies, and building supplies; additional price control inspectors; free WiFi in parks across the country; an emphasis on affordable housing; and an historic investment in home-grown food.”

Prime Minister Davis added that, at the heart of all of his Government’s policies was the belief that every Bahamian deserved economic dignity and security.

“That is why we prioritized public service promotions and regularisations, and labour agreements with unions, including teachers and nurses,” he said.  “That’s why we’ve provided relief grants to those who were particularly hit hard by the lockdowns.

“That’s why we’re investing in small businesses, and in expanding education and training,” he added.  “That’s why we’re diversifying the economy, to broaden and deepen opportunities.”

Prime Minister Davis pointed out that his Government’s goal for the Bahamian economy went beyond recovery.

“I don’t want to turn back the clock – because, let’s be honest – there’s never been a time when our economy created enough opportunities for Bahamian advancement and ownership,” he said.  “Returning to the past economy isn’t the goal.

“Creating a new, more inclusive economy is the goal.”
“Many Bahamians have achieved remarkable success, but thousands more can and should join them,” Prime Minister Davis added.  “It is my fervent prayer that we all find common ground in a shared commitment to lifting up Bahamians and building a stronger and more resilient Bahamas.”

 

(BIS Photo/Ulric Woodside)

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New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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Nassau Opens CDB Annual Meeting at Baha Mar This Week

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NASSAU, BAHAMAS — Regional policymakers, development financiers, economists and international partners are converging on Nassau this week as the Caribbean Development Bank (CDB) stages its 56th Annual Meeting at the Baha Mar Resort from June 1-5, 2026.

Held under the theme, “Forging the Caribbean’s Future: Strategic Solutions for Uncertain Times,” the gathering is expected to place The Bahamas at the center of discussions on some of the region’s most pressing challenges, from climate resilience and energy security to debt sustainability and economic growth.

At the launch of the annual meeting on March 19, CDB President Daniel Best underscored the importance of bringing together leaders from across the Caribbean and beyond at a time of global uncertainty.

“The Annual Meeting provides a strategic moment for the Caribbean, an opportunity for our leaders, governments, development institutions, private sector, youth, and international partners to come together to identify practical solutions that can help the Region navigate uncertainty while unlocking the opportunities that lie ahead,” Best said.

The conference host, newly named Bahamas Minister of Finance and Chairman of the CDB Board of Governors, Michael Halkitis, also emphasized the significance of the event during the March 19 launch ceremony.

“Today’s gathering marks more than the start of preparations for an important meeting. It represents the beginning of a renewed conversation about the future of the Caribbean, about our shared aspirations, our common challenges, and the partnerships that will shape the path forward for our region,” Halkitis said.

He added: “Hosting the 56th Annual Meeting of the Caribbean Development Bank here in Nassau provides an important opportunity to strengthen partnerships and advance meaningful dialogue on the future of the Caribbean.”

Over the five-day meeting, delegates will tackle major issues including energy transition and resilienceinnovative debt solutions for Caribbean economies, and the impact of global economic shocks on regional development.

The programme features a number of high-level events including the Youth FIRE Forum, the William G. Demas Memorial Lecture, the President’s Chat titled Financing the Future: MDB Strategies for Uncertain Times, and a series of policy seminars examining climate finance, infrastructure, economic resilience and development lending.

Among the featured participants are CDB President Daniel Best, Finance Minister Michael Halkitis, senior officials from multilateral development banks, regional finance ministers, central bank governors, economists, development specialists and private-sector leaders. The President’s Chat is expected to bring together leaders of major multilateral development banks to discuss financing strategies for developing states facing mounting economic pressures.

The annual meeting also includes sessions branded “EDGE X by CDB: Analytics Unlocked,” which will explore the economic costs of traffic congestion in the Caribbean and how global crises continue to affect regional economies.

The CDB Annual Meeting traditionally attracts representatives from the Bank’s 28 member countries, including government ministers, senior public officials, development agencies, international financial institutions, youth delegates, academics and private-sector stakeholders. Hundreds of delegates are expected to participate in discussions that will help shape development priorities and financing strategies across the Caribbean in the years ahead.

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

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Afreximbank Annual Meetings Return Next Month; Caribbean Links Remain in Focus

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May 29, 2026 – Two years after The Bahamas made history as the first Caribbean nation to host the African Export-Import Bank’s Annual Meetings, thousands of delegates are expected to gather in Egypt next month for AAM2026.

The 33rd Afreximbank Annual Meetings will be held from June 21-24 in El Alamein, Egypt, under the theme: “Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty.”

The event is regarded as one of Africa’s most important gatherings on trade, investment, finance and economic development, bringing together heads of state, policymakers, business leaders, development finance institutions and international partners.

For Caribbean nations, the meetings hold special significance.

In 2024, The Bahamas welcomed thousands of delegates to Nassau for the landmark event, marking the first time the annual meetings were staged outside the African continent and placing the Caribbean at the center of growing discussions on Africa-Caribbean trade and investment.

Since then, Afreximbank has continued to expand its engagement in the region, promoting stronger commercial ties between Africa and Caribbean countries and exploring opportunities in trade finance, infrastructure development, logistics, investment and private sector growth.

Organizers say this year’s discussions will focus on strengthening intra-African trade, advancing industrialization, building regional value chains and increasing economic resilience amid global uncertainty.

The meetings are also expected to provide a platform for new partnerships, investment opportunities and development initiatives that could have implications beyond Africa, including for Caribbean nations seeking to deepen economic cooperation with the continent.

As leaders prepare to convene in Egypt, the Caribbean’s growing relationship with Afreximbank remains a key part of the institution’s broader vision of expanding trade and investment connections across the Global South.

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

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