Friday, June 22, 2018

242NewsBahamas - June 21st 2018 Newsletter (Weekly Highlights)

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PM says Bahamas is uniquely positioned to quickly become jurisdiction of choice for Blockchain companies


Dear Readers,

Prime Minister, Dr. the Hon. Hubert Minnis says Grand Bahama is the ideal location in The Bahamas to support the establishment and growth of a technology cluster of blockchain, and other software companies that can jumpstart the technology industry in The Bahamas.


In spite of the challenges that come with establishing and growing a technology sector, Prime Minister Minnis said that The Bahamas is uniquely positioned to quickly become the jurisdiction of choice for technology companies, particularly blockchain technology companies, and fintech solution providers. 


Prime Minister Minnis was the keynote speaker during the opening ceremonies for the Bahamas Blockchain and Cryptocurrency Conference, which opened on Wednesday, June 20, 2018 at the Grand Lucayan and will run until Friday, June 22, 2018.
Read More

#242Editor
House of Assembly passes 2018/19 Budget, VAT increase to 12 percent








The 2018/19 Budget passed Monday evening in the House of Assembly with the majority of Members of Parliament voting for a number of fiscal provisions, including increasing VAT to 12 percent.
Senate debate now takes place on the Budget, which takes effect, fiscal year beginning July 1. Read More
Minister Dames States Law Enforcement Response to Recent Homicides

Minister of National Security the Hon. Marvin Dames said, on June 17, 2018, that the recent string of murders over the past two weeks, including that morning's homicide, must be very alarming to the Bahamian public, and rightfully so.
"The loss of any human life is a tragic and heartbreaking experience particular for family members and, at this time, I would like to extend my condolences and that of the Bahamas Government to families of all victims of violence in this country," Minister Dames said, during a press conference at the Paul Farquharson Conference Centre, Police Headquarters. Read More
DPM Presents Budget Issues to Grand Bahama Chamber of Commerce







 The government has made provisions to empower people during this current budget period, said Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest during the Grand Bahama Chamber of Commerce Business Luncheon, June 15, at Pelican Bay.
Minister Turnquest, in explaining why the government will increase VAT from 7.5% to 12% to increase revenue, presented to Chamber members what the government faced when coming to office on May 10, 2017.  Read More
Eco-Oil Bahamas to start business in Freeport with $10 million investment



Minister of State for Grand Bahama in the Office of the Prime Minister, Senator Kwasi Thompson says that Eco-Oil joins the growing list of foreign and local direct investors showing confidence in Grand Bahama's local economy, with its initial investment of $10 million during construction and operation phases. Read More
Home Fabrics set to open in Grand Bahama

Grand Bahama is set to get yet another economic boost with the opening of the largest fabric distributor in the country, Home Fabrics.
With an estimated $2 million initial investment, the company will hire 10 people and more as the business grows.
Minister of State for Grand Bahama in the Office of the Prime Minister, Senator the Hon. Kwasi Thompson, during a press conference to announce the business expansion on Thursday, June 14, congratulated the Benjamin and Laura Pinder of Home Fabrics on the venture. Read More
Former M.P. Pierre Dupuch comments on tax on Bahamian Gambling Industry.













I don't like gambling. I think it's addictive, it harms children's wellbeing and it takes money from the poor. If gambling is allowed it should be in the form of a lottery with all money earmarked for Education and Health.
That's my opinion.
Ever since the FNM stated they planned to target the local numbers industry with up to 50% taxes, I have heard comments like: Read More
The Voice of the People will not be Silenced

Government is tone deaf
The people's voice will not be silenced
MPs stood on principle and counted the cost
Lack of conviction is bane of our democracy
According to media reports, the Members of Parliament (MPs) for Golden Isles, Bain and Grants Town and Pineridge have been terminated from their government posts for voting against the legislation that increases the Value Added Tax (VAT) rate from 7.5% to 12%. This historical day will be remembered as a day when men of courage were persecuted and paid a price for standing up for their constituents. 
Read More
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Ministers Turnquest and Pintard applaud Tabby Falcons for outstanding sporting year



Scholastic and sporting achievement by students from Tabernacle Baptist Academy were applauded by Deputy Prime Minister, the Hon. K. Peter Turnquest and Minister of Youth, Sports and Culture, the Hon. Michael Pintard, during the school's awards ceremony, June 8, 2017. Read More
Freeport RFC Represents Bahamas Well in Nassau


The old adage of Saturday is a rugby day came to life last weekend for members of the Freeport Rugby Football Club.
Between a U-23 match against the Lonestar Rattlesnakes and an intense training session for the Bahamas women's national team, Winton Rugby Field was buzzing with excitement all day. It should come as no surprise that Freeport was at the center of the action. Read More
Beaches Ocho Rios' Jardine Vassell is Sandals/ATL's Team Member of the Year

Long before she was even a contender for the title of the Ultimate Team Member for the Sandals/ATL Group, Jardine Vassell was a legend in her own right.
Hailed as a devoted and hardworking team member with an unmatched passion for volunteerism and community work, Vassell's status as a legend was further cemented on Thursday night as she was named the 2017 team member of the year during the company's annual Ultimate Award Ceremony and Dinner. Read More
Click Below for this week's weather in The Bahamas:
Upcoming Calendar
New Providence
  • June 30th, 2018 
    • Furniture Plus Art Competition: "Art from the Heart" 6:00pm 
  • June 25th - July 13th, 2018 
    • The NAGB Mixed Media Art Summer Camp 
  • July 16th - August 3rd, 2018 
    • The NAGB Mixed Media Art Summer Camp 
Grand Bahama
  • June 23rd - 24th , 2018

    • Bahamas Dance Theatre 22nd Annual Dance Performance 7:00pm 
  • June 25th - 29th , 2018

    • Sir Jack Hayward Premier League Soccer Camp 2018 9:00am -  3:00pm at Freeport Rugby Club 
  • June 27th , 2018


    • Grand Bahama Chamber of Commerce Monthly Business Meeting 12:30pm at Delphine Room,Pelican Bay Hotel
  • June 30th , 2018


    • Bahamian Farmers and Crafts Market at The Rand Nature Centre
  • July 2nd, 2018


    •  Grand Bahama Summer Safari Camp at The Rand Nature Centre
  • July 5th - 26th, 2018



    • Goombay Festival Thursdays in the month of July  6:00pm - 11:59pm at Taino Beach
Family Islands
  • June 22nd, 2018

    • 42nd Annual Five Towns Regatta Time in Abaco at Green Turtle Cay
  • June 22nd, 2018

    • "Bimini Regatta Bimini C Class Regatta" in Alice Town
  • June 28th, 2018

    • All Eleuthera Regatta at Governor's Harbour, Central Eleuthera
  • July 1st, 2018

    • Junkanoo Summer Festival -Mangrove Cay 3:00pm - Until at Dorsette Settlement, Mangrove Cay
  • July 6th, 2018

    • All Andros & Berry Island Regatta at Morgan's Bluff, North Andros
  • July 6th, 2018

    • All Andros & Berry Island Regatta at Morgan's Bluff, North Andros
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