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Tourism Minister tells Washington investors it is still “Better in The Bahamas”

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NASSAU, THE BAHAMAS — Addressing an Investment Forum in Washington DC, the Deputy Prime Minister and Minister of Tourism Investments and Aviation the Hon. Chester Cooper said it is “Better in The Bahamas” when it comes to doing business.

“If you’re looking to do business and to invest, The Bahamas is better than ever before,” he said as he urged potential investors to take advantage of opportunities being rolled out by the Bahamas Government.

Deputy Prime Minister thanked Bahamas Ambassador to the United States, His Excellency Wendall Jones for organizing this important event.
“This is a most progressive initiative. We are taking a monumental step today to forge progressive partnerships for the prosperity of our country:

Said differently, we are here to do business. We want to do business with you.”

The deputy prime minister, who was a businessman before entering politics, shared first-hand experience of doing business in The Bahamas which he described as “an amazing place” to do so.

“I quickly grasped a few basic principles as an entrepreneur: understand your market, create something of value, then market your product.  Now, I carry those principles with me in government, as minister of tourism,” he said.

According to the minister, it is not incredibly difficult to sell a vacation to The Bahamas.  He confirmed that the government is committed to providing the necessary support to help ensure investment is a success, through the one-stop facilitation of the Bahamas Investment Authority.

“We have a strong brand, but God has done most of the work in positioning the Islands of The Bahamas.”

He noted that the country’s beauty is incomparable and it’s easily accessible from major tourism markets – two hours from DC and 27 minutes from Miami.

“However, we still sell it and constantly work on strengthening that product. I’m also the minister of Investments.  And if you think about it, that makes sense,” he said.

Many of the reasons tourists come to The Bahamas, are the reasons that investors should consider The Bahamas, according to the minister.

He noted the dollar parity with the United States, a stable democracy, and peaceful hospitable people.  And, visa-free seamless travel from the US with Pre-Clearance and TSA checks.

“We have a strong growing economy that has allowed us to build modern infrastructure throughout our archipelago,” the minister said, adding that more direct flights are being scheduled between The Bahamas and the US.

The minister touted record tourism arrival numbers: in 2023 arrival of 10 million visitors which was an increase of more than 30 percent ahead of 2019 pre-pandemic levels. Already this year the country is seeing a 15 percent growth in overall arrivals, over the 2023 record.

He then shared recent policy initiatives aimed to make The Bahamas more attractive, reducing carbon footprints and enhancing environmental resilience.

This is being achieved through the National Investment Policy, which is designed to attract investment in alternative energy, green technology, eco-tourism and carbon credits.

“We are also advancing The Bahamas as a digital society, fully embracing smart technology and the digital economy,” he said.

Another area shared by the minister is progressive legislation benchmarked against international best practice including: Digital Assets and Registered Exchange Act, the Longevity and Regenerative Therapies Act, the Climate Change Initiative Act, the Carbon Credit Trading Act, and Cannabis measures.

“All innovative pieces of legislation that demonstrate our commitment to innovation and to revolutionizing our economy that open new vistas for our country, in a secure, transparent and well-regulated way,” he said.

In health care, finance, education, financial services and tourism, he said AI applications are vast and will play a crucial role in shaping the future of the Bahamian economy.

The minister said another way to invest in The Bahamas is through Public-Private Partnerships (PPPs) that have been critical to the success of many government projects, and they remain a key strategy as in the continued building of infrastructure.

Of note, is the keen interest of the US Exim Bank and Chairman Reta Jo Lewis in supporting and funding US companies seeking to do business in The Bahamas, he shared.

“What I am saying is that we are open for business and in the last three years we have attracted more than $10 billion in new foreign direct investments.

“This includes a $600 million ship repair facility in Grand Bahama Island, capable of accommodating the largest ships in the world, and a $600 million cruise port by Carnival Cruise lines.”

He pointed out that the Family Islands Renaissance Project aims to modernize more than a dozen airports across the country, improving connectivity, boosting tourism, and creating jobs.

“We are building new hospitals and clinics, launching wellness and rejuvenation clinics and will have one the best healthcare systems in the Caribbean in the coming years,” the minister said.

 

(BIS Photos/Kemuel Stubbs)

Bahamas News

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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Bahamas News

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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Bahamas News

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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