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Minister Thompson optimistic about the future of Grand Bahama

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#GrandBahama, June 5, 2018 – Bahamas – “I am optimistic for the future of Grand Bahama, even in the face of the recent announcement on the increase of Value Added Tax,” said Minister for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson.

“This was necessary to avoid downgrading, necessary to avoid mass firing of employees and necessary to avoid the devaluation of our dollar. After years of kicking these problems down the road and trying to borrow our way out of trouble, it was time to make the hard, but necessary decisions.”

Minister Thompson was the keynote speaker at the 2018 Bahamahost graduation, which was held on Thursday, May 31, 2018, at Calvary Temple Church. Some 280 people made up this year’s graduating class, one of the biggest classes in the programme’s history in Grand Bahama.

Minister Thompson told the graduates and their guests that he chose to be optimistic about the future of Grand Bahama, even in light of some of the challenges it presently faces. Such optimism, he said, lies in the fact that there has been an increase in foreign direct, and domestic, interests over the past year in Grand Bahama.

“I’m optimistic by the re-opening of the Goombay Land Amusement Park, where there is expected to be some 20 people hired; I’m optimistic about Grand Bahama because we have seen the local investment by Fowlco, a Bahamian Marine logistics company that has hired 17 people.

“I’m optimistic about Grand Bahama because we have seen the expansion of companies like Omni Financial that has hired some 10 people; companies like Carnival Corporation, Ocean Medallion that have trained and hired Bahamians to create and to configure cutting edge technology for Carnival Cruise Line; I’m optimistic because we have seen companies like the Wind River Tobacco company invest in Grand Bahama and hire 20 Grand Bahamians.

“I’m optimistic about a major fabric company out of Nassau that will be opening doors here in Grand Bahama in a few months and who will be hiring Grand Bahamians to work; I’m optimistic because a Bahamian-owned food store is embarking upon a multi-million dollar expansion here in Grand Bahama, and construction has already begun.

“I’m optimistic about Grand Bahama because once stalled major projects have been restarted, like the Seaward Fishing Village and the PharmaChem expansion project. I’m optimistic about Grand Bahama because more such projects are coming on stream and are expected to once again boost the economy of Grand Bahama.”

Minister Thompson said that he is very optimistic about the future of tourism in Grand Bahama, particularly as the Government moves closer to closing the deal on the Grand Lucayan Resort and as plans go into effect to begin renovation on the property.

He said that the former Ginn Project has also been revived and the new owners have committed to hiring 200 people in their first year of operation. The Grand Bahama Minister said that there are some other projects scheduled to come on stream in Grand Bahama, but because they are still in the early stages, he was not at liberty to disclose the details of those projects as yet.

“But if you sat where I sit, you too would be optimistic about what is going to happen in Grand Bahama,” added Minister Thompson. “Even in the face of an increase in VAT, I’m still very optimistic in the future of this island.”

When the announcement that Value Added Taxes was increasing from 7.5 percent to 12 percent was made by the Minister of Finance, the Hon. K. Peter Turnquest, during his recent Budget Communication, a firestorm of social media posts reflected Bahamians’ feelings about the proposed increase.  However, Minister Thompson said he believes that in the end Bahamians would see why it was necessary for the Government to take the position it took on VAT.

“But even in the face of all of that, there are reasons in the recent budget to be optimistic,” added Minister Thompson.

“We’ve made it easier for Bahamians to do business, finding an easier way for Bahamians to start and renew their businesses; we have reduced duty on small vehicles; we have taken Value Added Taxes off breadbasket items and off medication; we have taken the duty off clothes and shoes for those businesses that sell those items and we have allowed for building supplies to be imported duty free, something which many Grand Bahamians are still in need of, as they continue to repair their homes from previous storms.”

A programme to be launched by the government that Minister Thompson is excited about is the new BTVI Scholarship initiative, which he says will help young people obtain the special training needed to take advantage of the expanding job market, particularly in technology subjects.  This programme, which is meant to be a transition from the 32-week job training program, will pay students to attend school and graduate with a degree.

“So, no matter what is going on or how things may appear, I choose to be optimistic about the future of Grand Bahama,” said Minister Thompson. “So I encourage you new Bahamahost graduates to join in this optimism, even as you celebrate the completion of this program.

“I want to commend you for your dedication and hard work that has brought you to this point – the graduation. It is an important milestone for you tonight. You have completed the training program and are now equipped with a unique skill set to approach the workforce and to help you ultimately succeed.

 

“Remember, successful people are optimistic people. They are not complainers. They are too busy solving the problem the rest of us are complaining about. So I challenge you to be more focused on finding a solution, than you are on a problem. When you are challenged, do not get bitter, get better.  Nothing worth having ever comes easy; if it came easy, everyone would have it and everyone would do it.

“I congratulate you for being a part of the solution. I particularly congratulate those who already are and who will become entrepreneurs. We must support you, as your success will drive our economy.”

 

By: Andrew Coakley (BIS)

Photo Caption: Minister of State for Grand Bahama, Senator Kwasi Thompson says that in spite of the announcement of a hike in Value Added Tax, he is optimistic about the future of Grand Bahama and sees many great things on the horizon for the island.

 

 

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OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

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Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

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

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BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

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The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

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

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VOTES SAFE, SAYS PRD AFTER BALLOT BOX FIASCO VIDEO

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The Bahamas, May 4, 2026 – The Parliamentary Registration Department is assuring the public that ballots cast during advance polling remain secure, following a viral video that sparked confusion and concern in eastern Nassau.

The footage, widely circulated on social media, showed a tense scene outside Thelma Gibson Primary School, where party supporters surrounded election officials as a ballot box was escorted to a waiting vehicle under police guard. The confrontation—loud, chaotic and closely watched—left many questioning whether proper procedures were being followed.

In response, the PRD moved to clarify.

In an official statement, the Department said the transport of ballot boxes in the Elizabeth and Yamacraw constituencies was conducted in line with established protocol. It explained that once polling concludes, the Presiding Officer is required to return sealed ballot boxes to the Returning Officer, who—accompanied by a senior police officer—then transports them to the Parliamentary Commissioner.

The PRD said it is satisfied that Returning Officer Sonia Culmer adhered to those procedures and that the ballot boxes remained sealed at all times.

But that account has been challenged.

PLP Elizabeth candidate Jobeth Coleby-Davis has called for an urgent investigation into what she described as alleged irregularities involving ballot handling. She claims that established procedures were breached, including the movement of sealed ballot boxes without the presence of party observers, and is urging authorities to review the matter.

The competing accounts have added to public unease following scenes that saw supporters from multiple political parties crowding officials during the transfer process, demanding clarity on what was taking place.

Individuals clad in PLP shirts, including incumbent Coleby-Davis swarmed the returning officer, police officers and the ballot boxes.  The charge was the woman in the crosshairs of the accusations was connected to the opposition FNM party.

There was nothing to validate this claim and there is no confirmed breach reported by election officials.

Ballots cast during advance polling are expected to remain secured until Election Day, May 12, when they will be merged with ballots in their respective constituencies and counted as part of the official tally.

For now, the PRD is standing firm on the integrity of the process—even as calls for further scrutiny grow louder.

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

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