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Bahamas Government to Introduce Measures to Address the High Cost of Living

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#TheBahamas, October 6, 2023 – During her Speech from the Throne on October 4, 2023, Governor General Her Excellency the Most Hon. Cynthia Pratt said that survey results from 2020 confirm that The Bahamas remains one of the top 10 most expensive countries in the world.

“The high cost of living is a major cause of financial stress and psychological distress in the country,” Her Excellency said during the Opening of the New Session of Parliament in Parliament Square.

Her Excellency said her Government does not wish to overburden any section of the community, but does seek to make the economy fairer.

She explained that to provide a better framework for businesses and consumers, her Government will introduce the following measures:

• A new Registrar General Bill to re-organize the operations of the Registrar General’s Office. This will help to ease the burden of doing business in The Bahamas.

• A new online company registry portal which will help to make the process of registration more efficient.

• A new online civil platform, to provide efficient and transparent services to Bahamians.

Her Excellency said her Government is also mindful of the need to provide for greater protection of consumers, and will therefore introduce Consumer Protection legislation.

“As the cost of energy is a significant driver of high costs in the country, My Government will undertake a ‘root and branch’ review of the energy sector, and has recently established a Ministry of Energy to implement effective, long-lasting solutions.

“My Government has already launched programmes to install 100 megawatts of solar energy in Nassau, and new blended power facilities incorporating a minimum of 50 per cent solar generation in 16 locations throughout the Family Islands.

“The introduction of renewable energy is a fundamental component of our promise to drive down the cost of electricity.”

Her Excellency said her Government remains especially committed to implementing clean energy in New Providence, by moving to sources of renewable energy, and becoming less dependent on fossil fuels.

“Building on these efforts, my Government will therefore introduce the following legislation:

• A new Renewable Energy Bill that will provide a legislative and regulatory framework for the expansion of renewable energy generation.

• A new Liquid Natural Gas Bill that will provide a legislative and regulatory framework for development of LNG generation – which will produce lower carbon emissions than the current system – along with the regulation of bunkering and blending LNG facilities in The Bahamas.”

(BIS Photos/Eric Rose)

Bahamas News

Bahamas Government and Grand Bahamas Port Authority in squabble over millions allegedly owed

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Rashaed Esson

Staff Writer

 

#TheBahamas#DavisAdministration#PortAuthority, April 9, 2024– The Bahamas Government according to reports, says the Grand Bahama Port Authority owes 357 million dollars in back payments over the last five fiscal years, 2018 to 2022, and in a letter sent to the Port Authority last week by the Davis Administration, the government is giving them 30 days to pay up. However, the Port Authority clapped back in a statement, denying the government’s claim saying that they do not owe the sum of 357 million dollars

 

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Bahamas News

$36 Million Dollar Upgrade for World Athletics Relays in Nassau, Bahamas

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Rashaed Esson

Staff Writer 

 

After years of thorough maintenance, The Thomas A Robinson National Stadium in The Bahamas is finally getting a multi-million dollar makeover, readying the 10 year old facility ahead of the World Athletics Relays on May  5, 2024; it is being staged in Nassau for the fourth time. 

 

This $36 million refurbishment is being funded by the Chinese Government, as part of a vision to enhance the country’s sport infrastructure to benefit youths in athletics. The stadium was gifted to The Bahamas in 2012 by the Chinese.

 

The relay is the qualifying event for the 2024 Summer Olympic Games and there will be 32 national teams, in each relay event, and 20 races on both days of competition, according to World Athletics. 

Day 1, will have 20 heats across the five olympic events (4 heats each for 4×100, 4×400, men, women and mixed) and will qualify 40 teams for the Summer Olympics.  The top two teams from each heat will directly qualify for the Games.

On day 2, 30 more national teams will be qualified through 15 repechage heats and five finals, across those five events.

 

The upgrades which include new trusses, rooftops, seats, the lawn, score boards, LED displays and more, are expected to be complete at least two weeks before the relays, being held under the theme: ‘Chase the  Sun’. 

 

In a special ceremony on Monday April 8, The Bahamas Prime Minister, Philip Davis said:

 

In December 2023, our shared vision took shape, as the government of the Commonwealth of The Bahamas, and the government of the People’s Republic of China, inked an implementation agreement for the renovation of the stadium. This gesture of goodwill and friendship, from the Chinese government to undertake the China Aid Maintenance and Renovation project of our national stadium, stands as a testament to the strong bonds that unite our countries. This project, executed by China Urban Construction Research Institute Company Limited, and the China Machinery Industry Construction Group Company Limited, reflects our shared commitment to excellence, innovation and mutual development.”

 

Additionally, H.E Dai Qingli, outgoing Chinese Ambassador to The Bahamas who also attended that ceremony, spoke. 

 

“At the end of the project, the Bahamian people will get a fully renewed and modern world class stadium because everything is going to be either renewed or repaired,” she said.

Some 1600 athletes will be in The Bahamas for the World Athletics relays, with five events.  The Bahamas won the bid over Lausanne, Rome in 2022.

 

 Mario Bowleg,  Minister of Youth, Sports and Culture in reports, thanked China for their contribution to the redevelopment of the stadium. 

 

“We thank them for their commitment to ensuring that they bring this facility back up to A1 standard so that we can continue holding international events and using these facilities as a development of our young people.”

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Bahamas News

Grand Bahama Airport Demolition

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BIS Photo: Lisa Davis

Rashaed Esson

Staff Writer

TheBahamas#TheGrandBahamaAirportDemolition, April 10, 2024 – The demolition of the Grand Bahama International Airport has begun, to start transformative construction as previously announced by Minister with responsibility for Tourism, Aviation and Investments, Chester Cooper, last month. Cooper says a new state of the art facility will be created to redefine Grand Bahama’s access to global opportunities and meet international standards.

 

 

 

 

 

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