Peter Turnquest

Last updated on 2017-10-09T13:10+0300.

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Peter Turnquest said : “This underscores the importance of having in place effective, fair and efficient procurement arrangements, to ensure that the best value is obtained for the monies being spent,” External link

thenassauguardian Wednesday, April 27, 2022 4:44:00 PM EAT

Peter Turnquest said : “In my observation of the three sites that were set up to stage the debris before it was moved on to its final disposal site, all three sites were very well organized, very well laid out and materials were in fact separated … that is, the white waste, the vegetation, the other solid waste as well as the vehicles,” External link

thenassauguardian Friday, February 11, 2022 8:11:00 PM EAT

Peter Turnquest said : “The former FNM administration brought stability to the economy of Grand Bahama after [Hurricane] Dorian and the onset of the pandemic shortly thereafter,” External link

thenassauguardian Tuesday, December 14, 2021 4:09:00 PM EAT

Peter Turnquest said : “You have to hope that all of your cards are going to line up perfectly, that everything goes as planned for this plan that the government has put forward to really work in favor of the Bahamian people,” External link

thenassauguardian Wednesday, December 8, 2021 4:17:00 PM EAT

Peter Turnquest said : “They are correct. This matter has dragged on for way, way, way too long,” External link

thenassauguardian Monday, November 1, 2021 9:16:00 PM EAT

Peter Turnquest said : “This billion dollars that they’re talking about, it cannot be that you go out and search for a billion dollars for an obligation that does not fall due within this fiscal year and then say the government has not recognized this liability,” External link

thenassauguardian Monday, November 1, 2021 9:16:00 PM EAT

Peter Turnquest said : “This bill is extremely worrisome to me as it is inherently discriminatory on many fronts, though well-intentioned,” “Every citizen of The Bahamas is an equal taxpayer and has an inalienable right to enjoy equal benefits provided by the state” External link

thenassauguardian Wednesday, June 16, 2021 10:07:00 PM EAT

Peter Turnquest said : “Firstly, let me say that I believe there is no reason for us to be alarmed, as the G7 statement issued is one of general agreement on an intention that still requires tremendous work and sign-off by the entire G20, after which, technicalities and time lines will have to be worked out,” External link

thenassauguardian Friday, June 11, 2021 6:20:00 PM EAT

Peter Turnquest said : “With such a globally accepted minimum, The Bahamas could put itself in the game to attract large multinational corporations that are currently domiciled afar due to tax treaties,” External link

thenassauguardian Friday, June 11, 2021 6:20:00 PM EAT

Peter Turnquest said : “It clearly says in the act that it must be a citizen,” External link

thenassauguardian Thursday, December 17, 2020 4:47:00 PM EAT

Peter Turnquest asked : “Does that mean that spousal permit holders and permanent residents are likewise excluded from being able to fish?” “And if that is, in fact, the case, how do we square that with the constitution and with general human rights, because I would think that any…spouse of a Bahamian should have a right to help support their family, whatever their skill is” External link

thenassauguardian Thursday, December 17, 2020 3:45:00 PM EAT

Peter Turnquest said : “My party’s chance of winning the next election, I think, is good,” “No administration goes without some challenges but if you weigh it in the balance, I think that we’ve done some good work in the last three years and we’ll see what happens when the time comes” External link

thenassauguardian Thursday, December 10, 2020 4:06:00 PM EAT

Peter Turnquest said : “I think you guys have known me for at least eight years now, most of you, and I think that you know that I am focused on what I do and I’m very disciplined about what I do,” External link

thenassauguardian Wednesday, November 25, 2020 11:11:00 PM EAT

Peter Turnquest said : “We have accelerated our legislative reforms to strengthen the country’s fiscal framework and we are following through on structural reforms in the coming months to significantly strengthen accountability and transparency in fiscal and procurement matters,” “We cannot forget that the Bahamian economy is experiencing unprecedented shocks from two catastrophic external events. Nevertheless, we remain confident in the economy’s ability to rebound and our commitment to restoring fiscal balance over time” External link

thenassauguardian Tuesday, November 17, 2020 4:17:00 AM EAT

Peter Turnquest said : “We have accelerated our legislative reforms to strengthen the country’s fiscal framework and we are following through on structural reforms in the coming months to significantly strengthen accountability and transparency in fiscal and procurement matters,” External link

thenassauguardian Saturday, November 14, 2020 2:30:00 AM EAT

Peter Turnquest said : “A vaccine looks promising based upon the latest news, but success is based also on our own ability to manage the spread of infections in the community, as that is critical to the tourism sector in particular,” External link

thenassauguardian Thursday, November 12, 2020 1:18:00 PM EAT

Peter Turnquest said : “We want to be careful we do not over extend ourselves in the international markets at this time, because those rates will burden our recurrent budget for several years to come, as well as potentially set us up for a situation that is unsustainable in the long term,” “We want to manage that international exposure as best we can. We did go out a little heavier than we normally would in the international market this year to try and support the currency peg in the event that something seriously bad happens” External link

thenassauguardian Thursday, November 12, 2020 1:18:00 PM EAT

Peter Turnquest said : “We predict that we still have a long way to go to recover sufficient economic and employment ground, but it is definitely a start in the right direction,” “Certainly we look forward to the early results as we are mindful of the potential positive economic and fiscal impact” External link

thenassauguardian Saturday, November 7, 2020 1:11:00 PM EAT

Peter Turnquest said : “These may take the form of pyramid schemes, Ponzi schemes and advance-fee schemes, among others and many of them have plagued unsuspecting Bahamians for generations. Further, these schemes are fundamentally detrimental to investors and the public,” External link

thenassauguardian Friday, November 6, 2020 1:46:00 PM EAT

Peter Turnquest said : “As a part of the development of the bill, the commission aimed to hone its understanding of the financial and corporate services industry and in particular, the financial services that were being provided in The Bahamas. Among the things the commission observed was increasing non-bank financial services activities, such as offering loans to the public, payday advance services and retail businesses self-financing consumer goods,” “These all had implications for proper industry oversight to ensure that the consumers of these financial services were not abused and had appropriate protections under the law. Related to this, the commission also observed the continuing trend of scammers seeking to defraud Bahamians of their hard-earned money through unscrupulous financial schemes, with little legal recourse” External link

thenassauguardian Friday, November 6, 2020 1:46:00 PM EAT

Peter Turnquest said : “Moody’s assertion is based upon their analysis, the basis for which we do not have access to,” “We have presented a budget calling for $1.3 billion, the allocation of which we have outlined in the budget. Our forecast is based upon publicly stated assumptions and priorities. At this point we do not anticipate exceeding that projection” External link

thenassauguardian Thursday, October 29, 2020 1:00:00 PM EAT

Peter Turnquest said : “The deficit represents net financing needs which the government disclosed,” External link

thenassauguardian Thursday, October 29, 2020 1:00:00 PM EAT

Peter Turnquest said : “The government of The Bahamas regrets these decisions, particularly as it relates to employee redundancies, however we will work with these institutions and affected communities to develop alternative financial solutions,” External link

thenassauguardian Thursday, October 29, 2020 1:00:00 PM EAT

Peter Turnquest told : “The remaining borrowing in our borrowing envelope approved by Parliament is roughly $400 million. Our intention is to gather those funds in the domestic market if it becomes necessary to access additional financing,” External link

thenassauguardian Tuesday, October 27, 2020 1:13:00 PM EAT

Peter Turnquest explained : “It should be noted that it is customary to seek critical mass in terms of large financing requirements with a capital market transaction, given that the size of our financing requirement is not typically what commercial banks or International Financial Institutions (IFIs) are willing or able to meet directly,” External link

bahamas-gov Sunday, October 25, 2020 11:27:00 AM EAT

Peter Turnquest said : “Despite the interruption in our fiscal consolidation objective, the government is undeterred in its commitment to pursue a credible fiscal policy, achieve debt sustainability and to pursue the structural reforms that would release a strong level of economic growth,” External link

thenassauguardian Tuesday, October 13, 2020 4:07:00 PM EAT

Peter Turnquest said : “The Government’s debt activities are understandably of great public interest and the legislative reform will strengthen the Government’s capacity to manage public debt effectively and provide mechanisms for more transparency and public accountability. It will bring about some long overdue changes like modernizing the issuance of Government securities and establishing a framework for Government lending and granting of guarantees,” External link

bahamas-gov Friday, October 9, 2020 5:46:00 PM EAT

Peter Turnquest said : “The Financial Administration and Audit Act, 2011 (FAA) is a very outdated framework for public financial management. It does not have provisions governing cash management and forecasting and it has inadequate provisions for public entity accountability, in-year fiscal reporting requirements and even on the specification of roles and responsibilities for fiscal management,” External link

bahamas-gov Friday, October 9, 2020 5:46:00 PM EAT

Peter Turnquest said : “We invite and encourage the public to visit the Ministry of Finance website ( www.bahamas.gov.bs/finance ) to view the legislation and to provide feedback during this period of public consultation,” External link

bahamas-gov Friday, October 9, 2020 5:46:00 PM EAT

Peter Turnquest stated : “Not only because of the direct investments made through government-sponsored grants, loans, and equity financing, but more importantly because the Access Accelerator has strengthened the entire entrepreneurial ecosystem. It has created a structure to support a culture of entrepreneurial risk taking,” External link

bahamas-gov Thursday, October 8, 2020 7:11:00 PM EAT

Peter Turnquest said : “We recognized that for some of our constituents, they may not be able to come up with the requirements for the traditional way of funding a business,” “And some of them don’t require much. They don’t really need credit, they just need a little boost. So we have refined the program such that we will be able to grant small capital injections into these businesses to get them started with the basic requirements that they may need in order to start new businesses” External link

thenassauguardian Thursday, October 8, 2020 11:36:00 AM EAT

Peter Turnquest said : “It is unrealistic to think we’ll get away from it, the reality is The Bahamas has been dependent on tourism since before independence,” “Again, there is no quick solution and anyone that’s telling you that is selling you a dream. There is no quick solution but discipline, patience, smarts, vision will get us there” External link

thenassauguardian Wednesday, September 23, 2020 10:03:00 PM EAT

Peter Turnquest said : “Less than one percent of those new infections came from foreigners,” External link

thenassauguardian Wednesday, August 26, 2020 2:44:00 PM EAT

Peter Turnquest said : “Even with the tax breaks, many people will still need the support of the broader community, so we continue to encourage and celebrate those who have been rallying together to support their neighbors, family members, friends and even strangers,” External link

thenassauguardian Tuesday, August 25, 2020 11:58:00 PM EAT

Peter Turnquest said : “They will have to take advantage of the opportunity to help their country…to get through this period so that we can reopen again and everybody could go back to whatever the new normal happens to be,” External link

thenassauguardian Friday, August 21, 2020 2:20:00 PM EAT

Peter Turnquest told : “It’s not their fault. With respect to all of those items, as you know we’ve had some difficulty in getting some entities to formally enter in wholesale agreement for the deferrals or forbearances of the various loan payments or insurance premiums or the rest of it. We continue to work with them and encourage them to extend every kind of opportunity for individuals to defer their payments and continue with their mortgages or insurance premiums, knowing the difficulties that we all face and not wanting to have to add that additional stress to our citizens and residents at this time,” External link

thenassauguardian Wednesday, August 19, 2020 4:30:00 PM EAT

Peter Turnquest said : “We all know what happened when we opened the borders,” External link

thenassauguardian Monday, August 17, 2020 2:32:00 PM EAT

Peter Turnquest said : “Meaning, whereas we allowed people to freely travel in the last opening to come back if they were only gone for a day or two, to come back without a test, obviously that is not acceptable going forward,” External link

thenassauguardian Monday, August 17, 2020 2:32:00 PM EAT

Peter Turnquest said : “We certainly pray that there are no storms this year,” External link

repeatingislands Friday, July 10, 2020 7:15:00 PM EAT

Peter Turnquest said : “We certainly pray that there are no storms this year,” External link

nytimes Tuesday, July 7, 2020 5:06:00 AM EAT

Peter Turnquest said : “We certainly pray that there are no storms this year,” External link

nytimes Saturday, July 4, 2020 1:02:00 PM EAT

Peter Turnquest said : “The prime minister has engaged the Economic Recovery Committee, which is tasked to think outside the current circumstance, as well as what we have forecast through the end of this fiscal year to be the circumstances as a result of the virus and assuming that we might have moderate to slow recovery from that crisis,” “We anticipate this committee will bring back some recommendations that we’ll be able to execute in the medium to short term…so, non-traditional activity. But in the longer term, to help us to visualize and to conceptualize what the restructuring of this economy could look like if tourism takes longer than we anticipate to rebound” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “We may be shifting from the traditional big volume, big box tourism,” “We are seeing a move to a more specialty product; a more indigenous product which we anticipate will have an even more impactful benefit to Bahamians” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “We anticipate 500 entities, new business persons and entities that we have been successful in funding,” “We anticipate they will carry some of the load through this interim to stimulate economic activity while awaiting tourism” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “We hope to have that done next week, so that they can start to do their work in earnest and work at whatever technical issues there are in respect to that,” “So we look forward to the report, as again we have been a very open, transparent and cooperative government, particularly in the Ministry of Finance, with respect to financial affairs” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “We don’t control their assessments and we’ll see how they score it (2020/2021 budget),” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “fair-minded Bahamians know that our current state of fiscal affairs is a result of these external shocks and not because of our performance as a government” External link

thenassauguardian Monday, June 29, 2020 4:25:00 PM EAT

Peter Turnquest added : “These are not easy times. There are not likely to be easy times for the next couple of months, but together we can get through this. Together, with neighbour helping neighbour, the government providing its support, we will all come through this stronger and better, more resilient than we went into it,” External link

bahamas-gov Thursday, June 25, 2020 5:02:00 PM EAT

Peter Turnquest said : “Want to thank all of you professionals for the sacrifices, and thank your families for the sacrifices that you make on behalf of all of us. Certainly we will do our best to ensure that you have all of the tools that you need in order to deliver the professional services that you deliver in comfort and with confidence and respect of your clients and all that you serve,” External link

bahamas-gov Thursday, June 25, 2020 5:02:00 PM EAT

Peter Turnquest said : “In respect to all state-owned enterprises, we have commissioned a study, consultancy with one of the large accountant firms that has been completed,” External link

thenassauguardian Thursday, June 25, 2020 4:54:00 PM EAT

Peter Turnquest added : “I too would like to thank the Department of Social Services for the tremendous effort that they have been making not only to address the Hurricane Dorian challenges, but also this new COVID-19 experience which has brought tremendous hardship to even more of our citizens both here in Grand Bahama and the northern Bahamas, but also throughout The Bahamas and so the effort that you are making certainly has not gone unnoticed,” External link

bahamas-gov Thursday, June 25, 2020 12:56:00 AM EAT

Peter Turnquest said : “We want to certainly empathize with those citizens who have to wait in those long lines, particularly on the outside, as it is getting into the summer months when we know that it becomes even more uncomfortable,” External link

bahamas-gov Thursday, June 25, 2020 12:56:00 AM EAT

Peter Turnquest added : “Notwithstanding the technology though, we do understand that this is a people’s business and so the personal touch from the professionals at the Department of Social Services will still be available to continue to go out into the community and touch people, one-on-one, because there are a lot of people who need services - whether it’s counseling services or financial or other assistance - that may not want to come to Social Services because of whatever perceptions there may be or because they are unable to make it,” External link

bahamas-gov Thursday, June 25, 2020 12:56:00 AM EAT

Peter Turnquest said : “It is very much a recent, current, live debate that is being conducted by the global tax forum, of which we are a part, and we’ll see how it shakes out. But it is a complex issue and something that we are mindful of… You would know from last year, we amended the VAT (value-added tax) rules where Airbnb, for instance, they provide bookings in the U.S. for a service that is delivered in The Bahamas, and we amended our rules such that those bookings are now vatable,” “But collecting the tax is another technical issue, because now you’re talking about legal jurisdictions. So, it is a complex issue, it is a developing issue and certainly we are at the table having those discussions along with the global community” External link

thenassauguardian Wednesday, June 10, 2020 3:18:00 PM EAT

Peter Turnquest said : “This is the largest deficit ever incurred in the history of The Bahamas,” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “The borrowing we will have to undertake to close the deficit gap has implications for the country’s long-term fiscal health,” “These are facts we are not shying away from. On the contrary, we are eager and committed to resuming our plans to achieve fiscal balance” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “Faced with this scenario, we have put in place arrangements to ensure we can adequately meet our obligations, as any responsible government would,” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “This budget provides for the less fortunate among us. Those who cannot work, those now without jobs in search of work, and those who just flat out find themselves on hard times,” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “Fair-minded Bahamians realize the challenges we are facing as a nation,” “Again, and again, we have met the tough circumstances head-on, and made the tough decisions in the best interest of our beloved Bahamas” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “I want to reassure all Bahamians that this government — your government — has drawn together every resource at its disposal to protect this country and support its people through this ongoing health and economic crisis,” “I said on the morning of May 27, and I want to reiterate again, that no Bahamian will be left without food, no Bahamian will be left without hope, and no Bahamian will be left to total desperation as a result of the twin crises this country currently faces” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “The development of the small business sector has been a key tenet of our transformational socioeconomic agenda,” External link

thenassauguardian Tuesday, June 9, 2020 3:25:00 PM EAT

Peter Turnquest said : “Every year, the government spends over $400 million subsidizing state-owned agencies, many of which are inefficient and uncompetitive. To this end, we have targeted a $100 million annual reduction in subventions over the next four years, as these entities move to optimize efficiency and cost recovery strategies,” “Not only will this make SOEs more dynamic, efficient and self-sufficient, it will also reduce the amount of money the government allocates to subsidize these entities. SOEs will have to adopt new business practices, they will have to look at their fee structures and they will have to explore opportunities to consolidate operations to better use public funds” External link

thenassauguardian Tuesday, June 9, 2020 3:25:00 PM EAT

Peter Turnquest said : “We anticipate that our number one industry, tourism, will begin to rebound by the end of this year and the beginning of next year,” External link

thenassauguardian Wednesday, June 3, 2020 3:03:00 PM EAT

Peter Turnquest explained : “After accomplishing a 67 percent reduction in the deficit since assuming office, we were indeed well on our way to achieving our established fiscal targets in our steady move toward a balanced budget,” External link

bahamas-gov Sunday, May 31, 2020 3:32:00 PM EAT

Peter Turnquest said : “We’re optimistic that we will see some revenue from overflight fees that we have been talking about for a couple of years. We have some indication that by January 2021 we will start to see that whole process finalized and we will start to receive some revenue from overflight fess,” “The other area that is interesting is the number of active licenses for mining in the country. There are no active aragonite mining licenses in the country at the moment. The Ministry of the Environment is going to start renewed talks in respect to taking advantage of this asset and we’ll see. Hopefully we can come to some agreements with the exiting licenses, as well as look at new licenses, so that we could take advantage of that natural resource also” External link

thenassauguardian Friday, May 29, 2020 2:48:00 PM EAT

Peter Turnquest said ( about Traffic Department ) : “The Road Traffic Department is launching a vanity plate initiative, which won’t give us a tremendous amount of revenue, but we expect to have a decent return from that,” External link

thenassauguardian Friday, May 29, 2020 2:48:00 PM EAT

Peter Turnquest said : “The current market, with the economy being the way it is at the moment, we would not be motivated to try and release our share holdings in any of these entities at the moment,” “We just don’t believe we will get the kind of return that we can get once the economy starts to make a recovery. At the moment, we continue to hold our positions and continue to support these entities as best we can, to ensure they remain viable and in fact prosper as the market recovers” External link

thenassauguardian Friday, May 29, 2020 2:48:00 PM EAT

Peter Turnquest said : “To be clear, the intent will still be to process and grant promotions, as we recognize that some are long overdue,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest said : “To reiterate what I mentioned earlier, we were mindful not to cut spending in critical areas,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest said : “When I presented the budget communication last year, we estimated the government would generate $2.6 billion in revenue,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest said : “It is our considered view that any such move would significantly slow down the timeliness of an economic rebound,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest added : “The biggest set of twin setbacks in the last 100 years calls for the biggest fiscal response in 100 years,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest said : “Mr. Speaker, an essential pillar to our transformational socio-economic agenda is to achieve and optimize energy efficiency by incorporating the use of renewable resources,” External link

thenassauguardian Thursday, May 28, 2020 4:19:00 PM EAT

Peter Turnquest said : “We are pleased to see that the entrepreneurial spirit of Bahamians has been awoken, because now, people have confidence in the programs available to support their ambitions. This is largely thanks to the work of the Small Business Development Centre (SBDC) and its partners. The SBDC will continue to innovate, by exploring ways to leverage the government’s investment to make other forms of capital available to Bahamians, such as private equity through angel investing and crowdfunding,” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “As with the business continuity program, this tax credit and deferral program is provided on the condition that businesses use the proceeds primarily to meet payroll needs and to keep people employed,” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “As one would imagine, the scope for significant tax reductions is marginal in a situation such as the one in which we find ourselves. Nonetheless and consistent with specific policy priorities, we do propose the reduction of taxes in a few targeted areas, thereby providing millions of dollars in savings in aggregate for parents across the country, as they prepare students to return to school,” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “For the period January 1, 2021 to June 30, 2021, the concessions will be extended to cover building materials only. Let me repeat: Abaco and Grand Bahama will continue to enjoy the current VAT and duty exemptions through the end of the year,” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “We are removing the duty from nitrile examination gloves (antibacterial gloves), which are used as personal protective equipment (PPE) to make it less costly for hospitals, companies and individuals to acquire these. For a period of one year, we will remove the duty on other PPE items, such as gowns and other surgical supplies, to ensure our healthcare workers, both private and public, are protected as we continue to fight this pandemic,” “We are also reducing duty on a few items to further encourage the adoption of more green technologies and plastic elimination, including duty reductions on environmental sea trash cans to assist in oceanic conservation and reusable metal water bottles from 45 percent to 10 percent; and duty reductions on motorcycles with an engine size of 125cc or less and electrical motorcycles, from 75 percent to 10 percent. Off-road motorcycles will not be included in this rate reduction” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “We recognize though that although the government, the private sector and the banking sector have all been working toward greater use of digital transactions for payments, these efforts have often been siloed, running on separate tracks and moving at different paces,” “The lessons of Dorian and presently of COVID-19 have demonstrated that, as a matter of national priority, the various stakeholders need to collaborate and move in unison to accelerate the adoption of digital payment systems. Yes, it is a matter of national efficiency and national competitiveness. But as recent hurricanes and the current pandemic have shown us, it is also a matter of national security” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “Cash will continue to be a feature of the payment system,” “However, the further entrenchment and utilization of digital means has the opportunity to expand financial inclusion, to open new business opportunities, to bring sophisticated financial services to even the most remote parts of the country and to improve personal and business security” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “While we have sought to trim where we could, our driving ethos has been to do all we can to support Bahamians and to maintain as much employment and economic activity as we can over the near term. ” External link

thenassauguardian Wednesday, May 27, 2020 9:35:00 PM EAT

Peter Turnquest said : “We are pleased to announce that for the first time, the government will provide for a back-to-school VAT holiday on school supplies, clothing and select food items for the two-weeks leading to the reopening of schools, hereby providing millions of dollars in savings in aggregate for parents across the country as they prepare students to return to school,” External link

thenassauguardian Wednesday, May 27, 2020 8:36:00 PM EAT

Peter Turnquest noted : “This is the largest deficit to be incurred by any government in the history of The Bahamas,” External link

thenassauguardian Wednesday, May 27, 2020 8:07:00 PM EAT

Peter Turnquest said : “Ahead of my presentation tomorrow, I want to reiterate that we are going to provide an honest take on where we are as a country,” External link

thenassauguardian Wednesday, May 27, 2020 3:57:00 PM EAT

Peter Turnquest said : “This loan is not a structural adjustment facility. It does not involve the conditionality elements normally associated with the IMF facilities that most are familiar with. This facility is a low-cost option, with an interest rate of some 1.054% that we are smartly availing ourselves to address our current needs,” External link

trinidadexpress Tuesday, May 26, 2020 5:12:00 AM EAT

Peter Turnquest said : “In a few days, we are going to present a new budget and it will continue to reflect the double impact of Hurricane Dorian and Covid-19. However, we have demonstrated that our approach to addressing these emergencies is to focus on the health and safety of Bahamians, social protection for the most vulnerable, and the need to sustain employment. These priorities will continue into the new budget, as we work to stabilise the domestic economy and plant the seeds of recovery. This loan facility assists us with meeting our existing obligations through the end of the fiscal year, as has been approved by Parliament during the Supplemental ‘Hurricane Dorian’ exercise,” External link

trinidadexpress Tuesday, May 26, 2020 5:12:00 AM EAT

Peter Turnquest said : “This particular low-cost facility is a one-time deal that cannot be used again until repaid. A simple way to think of this is like borrowing against the value of your ownership in a company. The Bahamas has a quota in the IMF which can be likened to its ownership of shares in the IMF. Borrowing against these shares is normally at a lower interest rate than borrowing from a commercial source, and therefore a more favourable option for emergencies like the one we face today,” External link

trinidadexpress Tuesday, May 26, 2020 5:12:00 AM EAT

Peter Turnquest said : “This loan is not a structural adjustment facility. It does not involve the conditionality elements normally associated with the IMF facilities that most are familiar with. This facility is a low-cost option, with an interest rate of some 1.054 percent that we are smartly availing ourselves to address our current needs,” External link

thenassauguardian Monday, May 25, 2020 4:26:00 PM EAT

Peter Turnquest said : “A simple way to think of this is like borrowing against the value of your ownership in a company. The Bahamas has a quota in the IMF which can be likened to its ownership of shares in the IMF. Borrowing against these shares is normally at a lower interest rate than borrowing from a commercial source, therefore it is a more favorable option for emergencies like the one we face today,” External link

thenassauguardian Monday, May 25, 2020 4:26:00 PM EAT

Peter Turnquest said : “In a few days, we are going to present a new budget and it will continue to reflect the double impact of Hurricane Dorian and COVID-19. However, we have demonstrated that our approach to addressing these emergencies is to focus on the health and safety of Bahamians, social protection for the most vulnerable and the need to sustain employment. These priorities will continue into the new budget, as we work to stabilize the domestic economy and plant the seeds of recovery. This loan facility assists us with meeting our existing obligations through the end of the fiscal year, as has been approved by Parliament during the supplement Hurricane Dorian exercise,” External link

thenassauguardian Monday, May 25, 2020 4:26:00 PM EAT

Peter Turnquest said : “In the immediate days to come, I think we can anticipate the domestic economy being softened a little bit so that persons whose main business is to service the domestic clientele can start to get back to some sort of business, start to earn some sort of internal revenue, thus sparking the internal economy,” External link

thenassauguardian Tuesday, May 12, 2020 3:18:00 PM EAT

Peter Turnquest told : “Our deficit was going to be $677 [million] but we estimate that it’s going to be somewhere around a bit north of $800 million that is going to be our deficit,” External link

thenassauguardian Thursday, May 7, 2020 3:23:00 PM EAT

Peter Turnquest said : “I did see something recently — some article — that suggests Carnival’s planned sailings for July or June have been subscribed,” External link

thenassauguardian Thursday, May 7, 2020 3:23:00 PM EAT

Peter Turnquest said : “We anticipated a spike in recurrent expenditure, because of the allocations we made to increase capital expenditure and to provide various allowances and support to essential workers of the public service and staff displaced by the hurricane, among other things,” “Further, we addressed several other spending priorities, like union payments to civil servants and additional cash injections into the public health system, that were foreshadowed earlier this year. Of the total increase in expenditure, over $80 million can be directly attributed to new expenditures” External link

thenassauguardian Friday, May 1, 2020 4:29:00 PM EAT

Peter Turnquest said : “It is a reality that we are going to have very difficult financial times in the short term,” “Everybody is hoping — and that’s the best word we can use because nobody knows — that there’s going to be some form of vaccine or treatment in the next couple of months that will help us to be able to reopen the economy to the extent that we have before or even to a lesser extent” External link

thenassauguardian Friday, April 17, 2020 3:55:00 PM EAT

Peter Turnquest said : “I don’t know where he would have gotten this information,” External link

thenassauguardian Friday, April 17, 2020 3:55:00 PM EAT

Peter Turnquest said : “The leader of the opposition never fails to disappoint,” External link

thenassauguardian Friday, April 17, 2020 3:55:00 PM EAT

Peter Turnquest said : “This is an unfortunate position we find ourselves in, but it is similar to virtually every other country in the world,” External link

thenassauguardian Friday, April 17, 2020 3:55:00 PM EAT

Peter Turnquest told : “The government of The Bahamas has made no decision in respect to cutting public service emoluments or any benefits that the public service enjoys to this day,” External link

thenassauguardian Friday, April 17, 2020 1:46:00 AM EAT

Peter Turnquest said : “At the same time, we have demonstrated with our response to Hurricane Dorian, and our initial response to COVID-19 economic fall-out, that we will take aggressive actions in the short-term to protect the social and economic welfare of the Bahamian people. We will reprioritize and allocate sufficient resources to ensure the Bahamian people are supported through these uncertain times,” External link

bahamas-gov Saturday, April 11, 2020 8:49:00 PM EAT

Peter Turnquest said : “Despite the challenging times ahead and the need for significant fiscal adjustments, the Government has demonstrated by its track record and strong commitment to fiscal responsibility, its ability to overcome economic hardship, restore fiscal stability, and to drive economic growth even in difficult circumstances,” External link

bahamas-gov Saturday, April 11, 2020 8:49:00 PM EAT

Peter Turnquest said : “This is a massive step forward for the country. Once again, this government is keeping its promise to ensure greater transparency and accountability in public affairs. Unlike others who only promised procurement reform in the past, the Minnis-led government is actually delivering,” “We already have over 1,500 vendors registered on the e-tender platform. Registration is open and free for all interested vendors. On this platform, all vendors are alerted automatically when there are new opportunities to bid on projects. This has already brought an unprecedented level of transparency, for in the past it could be difficult for potential bidders to access information about opportunities. The process will be further strengthened once the final bill is enacted” External link

jonesbahamas Saturday, April 11, 2020 7:02:00 PM EAT

Peter Turnquest said : “This is going to be a difficult time for us. Our worst case scenario up to this point showed us that somewhere around a billion dollars in loss into the economy with the shutdown. Now we have to start to go back and revaluate,” External link

jonesbahamas Saturday, April 11, 2020 7:02:00 PM EAT

Peter Turnquest said : “So I think this is going to be a long term problem for us. Certainly, well into the New Year. But we will address whatever the challenges are in the new budget definitely passed in June,” External link

jonesbahamas Saturday, April 11, 2020 7:02:00 PM EAT

Peter Turnquest said : “The challenges that Dorian brought did not go away. So serious challenges are ahead of us, trying to mop up whatever restoration efforts that need to be done,” External link

jonesbahamas Saturday, April 11, 2020 7:02:00 PM EAT

Peter Turnquest said : “We are pleased to see that the government’s various fiscal reform efforts were acknowledged and commended in the report, as they have contributed to the country’s strengthening fiscal institutions and our capacity to deal with substantial external shocks,” “The assessment by S&P is not surprising given the conscientious adjustments we made to our original spending and borrowing plans so as to recover from the catastrophic impact of Hurricane Dorian. Although these deviations from our fiscal plan will not be permanent, we anticipated they would affect our outlook” External link

thenassauguardian Friday, March 13, 2020 3:58:00 PM EAT

Peter Turnquest said : “Notably, even though the report foreshadows potential economic fallout from the coronavirus pandemic, S&P still expressed confidence in the checks and balances put in place to prevent further erosion of our creditworthiness,” “These include the government’s demonstrable increase in fiscal transparency and reporting and the focus and progress on institutional reform” External link

thenassauguardian Friday, March 13, 2020 3:58:00 PM EAT

Peter Turnquest said : “The current global outbreak of the coronavirus is creating an immediate threat to the near-term performance of our economy,” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said ( about Association ) : “We are working with the Clearing Banks Association and domestic microfinancing institutions to promote and facilitate the transition to a cashless economy,” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said : “We cannot allow developed nations to act as though their actions do not impact us, particularly as they are the main contributors to the global climate crisis,” “The developed world must share the responsibility for the rehabilitation of economies and nations that are disproportionately impacted. We are independent nations. We are resilient people, but the promise of multilateralism is that we don’t walk alone and it is time for our international partners to make changes and implement practical solutions now” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said : “Collectively, these bills lay the foundation to strengthening the way the government both handles and approaches public finance. They promote transparency and accountability and will modernize and strengthen the current framework for public financial management in line with the government’s overarching commitment to fiscal prudence, fairness and responsibility,” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said : “At least two members of the committee should be appointed from outside of the public service, with one of these members holding the position of chair. The Cabinet will in short order finalize the composition of the committee,” “Undoubtedly, this progress in our reporting efforts will support a strengthening in the effectiveness in our policymaking, given the findings of more accurate and timely reports. It will also promote a higher level of accountability and transparency internally, which will help to enhance the efficiency of internal processes and procedures and ultimately benefit the Bahamian public at large” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said : “We are prepared and committed to ensuring the success of the Sand Dollar on every island of The Bahamas,” External link

thenassauguardian Monday, March 2, 2020 4:59:00 PM EAT

Peter Turnquest said : “The intention is for them to take over (operating costs) right away,” External link

thenassauguardian Thursday, February 27, 2020 6:00:00 PM EAT

Peter Turnquest said : “Obviously any increase in any utility cost or any tax cost is of concern to us as representatives, as well as to the government,” External link

thenassauguardian Wednesday, February 26, 2020 5:33:00 PM EAT

Peter Turnquest said : "The Bahamas has worked diligently to demonstrate its commitment at the highest political level to international standards on information exchange, tackling harmful tax practices and dismantling artificial tax structures. On behalf of the Government, I thank the staff, agencies and industry stakeholders that worked so hard to achieve this result. Your support, encouragement and technical skills have been invaluable in this process and prove once again, we can rise to any challenge," "All of our critics should see that the EU's statements today clearly counters the view that The Bahamas is not doing its part in the global effort to stop financial crimes such as tax evasion and money laundering," External link

mondaq Friday, February 21, 2020 8:06:00 AM EAT

Peter Turnquest said : “So, we have an Ease of Doing Business Committee that is working on this specifically. And, so, yes, they are doing surveys. They are contacting companies and they are contacting people who would be participants in the surveys to coordinate the response. Because a lot of times we find that people who answer these questions don’t have full command of the facts. And, so, there’s not coaching,” External link

thenassauguardian Friday, February 14, 2020 5:02:00 PM EAT

Peter Turnquest said : “This MOU (memorandum of understanding) is a model of what we hope to achieve in other communities throughout The Bahamas as we look to bring additional investment to the country,” “This is not just about creating jobs, this is about creating wholesome communities, because at the end of the day when we have happy communities, we will have successful and profitable businesses” External link

thenassauguardian Friday, February 14, 2020 5:02:00 PM EAT

Peter Turnquest said : “I am happy to announce that $2.2 million has already been approved in funding for businesses affected by the hurricane,” External link

thenassauguardian Thursday, February 13, 2020 4:53:00 PM EAT

Peter Turnquest said : “Yes, we have to be mindful of the agenda item raised by the OECD surrounding minimum global corporate income taxes and how that will be translated to countries like ours that have historically relied upon efficient flat border taxes and more recently, VAT (value-added tax) regimes to fund government programs and services,” External link

thenassauguardian Friday, February 7, 2020 4:20:00 PM EAT

Peter Turnquest told : “No, we’re never satisfied until we’re tracking ahead of the budget, but it is in comparison to the previous year at the same time, a nine percent increase in revenue. So, from that perspective yes, we’re doing okay. The remainder of this fiscal year to June will tell us where we are in terms of our projection, because this is the heavy revenue period right now, as business licenses and real property tax and all these fees are collected and so we’ll know in another month or two where we are in terms of achieving our overall target,” External link

thenassauguardian Tuesday, February 4, 2020 3:46:00 PM EAT

Peter Turnquest stated : “This exceeds the approved budget target of $137 million, and therefore has corresponding implications for the financing envelope,” External link

bahamas-gov Tuesday, February 4, 2020 11:38:00 AM EAT

Peter Turnquest said : “And that is to ensure that those persons who would have lost their income as a result of the damages done to businesses, and those that may have closed, those who were laid off for lack of business, that there is some social support for those families while they transition to other opportunities or their place of employment comes back on stream” External link

reliefWeb Sunday, February 2, 2020 4:19:00 AM EAT

Peter Turnquest told : “As a matter of fact, I saw a listing today where they have done the official listing and so we are continuing our investigations with them. In fact, we’re waiting for a response from them on our specific inquiries about the criteria and the issues that they have identified as being the reasons for this listing,” External link

thenassauguardian Wednesday, January 8, 2020 5:25:00 PM EAT

Peter Turnquest said : “As I said before, we have enjoyed a very good relationship with the OECD (Organisation for Co-Operation and Development), the Global Tax Forum (GTF), the EU (European Union) and we have made significant strides in terms of meeting all of the commitments that have been put before us, even those that we might not have been comfortable with and have been very difficult for us to meet. So, this certainly is an outlier, we don’t know exactly what it’s about, the issues that they have identified we were not aware of them,” External link

thenassauguardian Wednesday, January 8, 2020 5:25:00 PM EAT

Peter Turnquest said : “The Bahamas is a tremendous asset to the world in terms of financial services and wealth management and we take our role very serious, we take our role as partners and guardians of the financial services industry globally very seriously and so whenever these things arise, we certainly want to be very proactive and certainly we want to ensure that we address whatever challenges that are identified. But as it stands, we’re fighting in the dark because we don’t know what we’re fighting,” External link

thenassauguardian Wednesday, January 8, 2020 5:25:00 PM EAT

Peter Turnquest said : “As far as I’m aware – and I have not looked at a report in the last two, three weeks – they were making significant progress,” External link

thenassauguardian Monday, January 6, 2020 4:26:00 PM EAT

Peter Turnquest said ( about Мэри Миллер ) : “With information that has been brought to light by Mr. Miller, we’ll have a look at it and see…,” External link

thenassauguardian Friday, January 3, 2020 4:35:00 PM EAT

Peter Turnquest told : “First of all, we pray that there [are] no more storms,” External link

thenassauguardian Thursday, January 2, 2020 4:07:00 PM EAT

Peter Turnquest said : “this is going to be a while” External link

thenassauguardian Thursday, January 2, 2020 4:07:00 PM EAT

Peter Turnquest explained : “They are backing up 97 containers that are sitting in Florida trying to get on a boat to come to Grand Bahama including some building supplies,” “So the logistics of getting building materials to the island is a challenge. We just don’t have enough boats to get them here” External link

thenassauguardian Monday, November 4, 2019 5:39:00 PM EAT

Peter Turnquest said : “We are committed to an agenda of modernization and digitization, starting with our largest tax collection agency, where RPT is administered,” External link

thenassauguardian Monday, November 4, 2019 5:11:00 PM EAT

Peter Turnquest said : “I can assure you the private sector has long awaited the government to undertake this work in earnest,” External link

thenassauguardian Monday, November 4, 2019 5:11:00 PM EAT

Peter Turnquest said : “The government of The Bahamas pledged $10 million to assist various entrepreneurs in their rebuilding efforts to get them back on their feet and back in operation, not only to provide opportunities for themselves, but also to re-employ people and to get people back to work and back to normal as quickly as possible,” External link

thenassauguardian Thursday, October 31, 2019 4:07:00 PM EAT

Peter Turnquest said : “While we still have some way to go, taking these proactive steps have created a situation where the country is fortunately in a much better position financially to address these unfortunate shocks to the economy and be able to rebound more strongly,” External link

thenassauguardian Thursday, October 31, 2019 4:07:00 PM EAT

Peter Turnquest said : “Once we have the data then we can extrapolate what the number is going to be in real terms,” External link

thenassauguardian Thursday, October 31, 2019 4:07:00 PM EAT

Peter Turnquest said : “The initial order was given through the exigency order which would’ve given the authority,” “We will likely have to come to amend the VAT Act to give a full effect to the long-term plan with respect to that in particular” External link

thenassauguardian Friday, October 25, 2019 3:58:00 PM EAT

Peter Turnquest said : “The legal aspect, I’m reluctant to comment on,” External link

thenassauguardian Friday, October 25, 2019 3:58:00 PM EAT

Peter Turnquest said : “Madam managing director, in your opening comments you have expressed your support for a fresh look at concessional finance for economically vulnerable, high income per capita states,” External link

thenassauguardian Tuesday, October 22, 2019 4:33:00 PM EAT

Peter Turnquest said : “Collectively we must do more ourselves to find creative ways to finance resilience and share resources, but developed nations must share the responsibility for the rehabilitation of economies and nations that are disproportionately impacted,” External link

thenassauguardian Tuesday, October 22, 2019 4:33:00 PM EAT

Peter Turnquest said : “The Bahamas has made significant strides in improving its legislation and systems, particularly in the last three years, but it appears that as soon as we get closer to meeting the standards, the requirements change,” External link

thenassauguardian Monday, October 21, 2019 3:44:00 PM EAT

Peter Turnquest said : “In this regard the promotion of green bonds, social bonds and other financing options to address climate resilience in particular, is critical and useful as is the need to reassess the categorization of high income/highly vulnerable small island developing states,” External link

thenassauguardian Friday, October 18, 2019 3:48:00 PM EAT

Peter Turnquest said : “Our recent experience shows that quite apart from economic migration, which we are familiar with in our region, disasters are posing a new risk and burden on neighboring states,” “Protocols and who, what and where considerations must now make its way onto the front page of climate risk considerations as these realities become more and more relevant” External link

thenassauguardian Friday, October 18, 2019 3:48:00 PM EAT

Peter Turnquest said : “It is the government’s commitment to ensure continued accountability and transparency in this regard as we reach out for further global support to address this recovery challenge and to face the daunting task of making tangible steps to imple- ment the resilience les- sons learned from this experience,” External link

jonesbahamas Friday, October 18, 2019 3:10:00 PM EAT

Peter Turnquest said ( about Harbour Island ) : “In this regard the pro- motion of Green Bonds, Social Bonds and other financing options to address climate resilience in particular, is critical and useful as is the need to reassess the categorization of high income/highly vulnera- ble Small Island Developing States (SIDS),” External link

jonesbahamas Friday, October 18, 2019 3:10:00 PM EAT

Peter Turnquest said : “Once again, this government is keeping its promise to ensure greater transparency and accountability in public affairs,” External link

thenassauguardian Wednesday, October 16, 2019 4:18:00 PM EAT

Peter Turnquest explained : “We are in the full swing of implementing the project plan for this multi- faceted reform initiative,” External link

jonesbahamas Tuesday, October 15, 2019 5:38:00 PM EAT

Peter Turnquest said : “Over the past two years, we have signed up to numerous multilateral conventions,” External link

thenassauguardian Tuesday, October 15, 2019 4:00:00 PM EAT

Peter Turnquest said : “It has become cliché to talk about the goal post constantly changing,” “What that is really telling us, though, is that the goal post was not fixed in the first place. That was merely an illusion” External link

thenassauguardian Tuesday, October 15, 2019 4:00:00 PM EAT

Peter Turnquest said : “Both Grand Bahama and Abaco represent some 18 per cent of our overall gross domestic product, and so it is in our interest and certainly significant for us to get them back and up and operating to as near normal as quickly as possible,” External link

jamaica-gleaner Sunday, October 13, 2019 2:06:00 PM EAT

Peter Turnquest said : “Proportionally, this may seem small, however, this contribution has always been an important component for delivering on the government’s overall budgetary projections,” External link

thenassauguardian Thursday, October 10, 2019 3:42:00 PM EAT

Peter Turnquest said : “These funds will primarily be used for rebuilding critical infrastructure on Abaco and Grand Bahama, including electricity and water services, the reconstruction of affected medical facilities, the construction of temporary housing and the delivery of targeted government services and assistance to affected populations,” External link

thenassauguardian Thursday, October 10, 2019 3:42:00 PM EAT

Peter Turnquest said : “The remaining $9 million has not yet been allocated,” External link

thenassauguardian Thursday, October 10, 2019 3:42:00 PM EAT

Peter Turnquest said : “In addition, the government will deploy $20 million from the extinguished dormant accounts fund for disaster-related recovery activities – of which $10 million will be earmarked for the mentioned support for small and medium-sized enterprises (SMEs), as mentioned earlier, $5 million to help defray costs related to the provision of temporary housing and the remaining $5 million for use by the new Ministry of Disaster Preparedness, Management and Reconstruction on specific rehabilitation and restoration efforts,” External link

thenassauguardian Thursday, October 10, 2019 3:42:00 PM EAT

Peter Turnquest told : “Obviously, in any circumstances like this where you’re losing a significant portion of your GDP, there is concern,” External link

jonesbahamas Tuesday, October 8, 2019 4:22:00 PM EAT

Peter Turnquest added : “We’re also using some of that money to provide temporary shelter for residents as we try to encourage them to go back to these islands and help in their reconstruction. Some of it will be used in the immediate emergency relief that’s necessary in order to support them during this upscale cycle where we get people back and commerce started,” External link

reliefWeb Saturday, October 5, 2019 2:37:00 AM EAT

Peter Turnquest told : “Obviously, in any cir- cumstances like this where you’re losing a sig- nificant portion of your GDP, there is concern,” External link

jonesbahamas Wednesday, October 2, 2019 4:42:00 PM EAT

Peter Turnquest said ( about The Hon ) : “The level of invest- ment and the destination, as a preferred investment destination, is still very attractive and again, we believe that we will have the best results we can doing the things that we can do to control the cir- cumstance as it exists today,” External link

jonesbahamas Wednesday, October 2, 2019 4:42:00 PM EAT

Peter Turnquest said : “The investments in Grand Bahama continue to move forward and we had the signing last week and the hotel deal contin- ues to be negotiated, so we continue to expect that to close,” “The Abaco communi- ty itself, the investors are eager to get back and to start to do their cleanup work and to get back into operation. The local busi- ness community too, despite the rumours, is also very eager to get back and have the oppor- tunity to start rebuilding their properties. So we anticipate that within a reasonable period of time, we would start to see the rebirth and these busi- nesses come back on stream” External link

jonesbahamas Wednesday, October 2, 2019 4:42:00 PM EAT

Peter Turnquest said : “The order is actually on my desk to sign. We’re doing a few tweaks to it and today we’ll get a bit of clarification on a couple of points so that we make sure we have the document drafted as the prime minister has intended,” “So hopefully if not today, certainly tomor- row or Thursday the lat- est I imagine, we will have that order out in full detail with the details behind it as to how peo- ple would access the var- ious incentives that are available in that order” External link

jonesbahamas Wednesday, September 25, 2019 4:15:00 PM EAT

Peter Turnquest said : “A lot of the work that this ministry will do will be coordinating more so than actually doing things themselves. But to the extent that there is budgetary needs for them specifically, there are a number of places we can draw from,” External link

jonesbahamas Wednesday, September 25, 2019 4:15:00 PM EAT

Peter Turnquest said : “Not to fund the min- istry, let’s be clear, but to fund the services that the ministry will provide,” External link

jonesbahamas Wednesday, September 25, 2019 4:15:00 PM EAT

Peter Turnquest said : “The Fiscal Responsibility Act requires us to come in November with our fiscal projection outlook for the next budget season,” External link

jonesbahamas Wednesday, September 18, 2019 4:48:00 PM EAT

Peter Turnquest said : “With approximately 70 percent of the homes underwater, we anticipate tremendous social and economic dislocation and disruption in the short term,” External link

WashingtonPost Wednesday, September 4, 2019 6:16:00 AM EAT

Peter Turnquest said : “With approximately 70 percent of the homes underwater, we anticipate tremendous social and economic dislocation and disruption in the short term,” External link

WashingtonPost Wednesday, September 4, 2019 4:35:00 AM EAT

Peter Turnquest said : “With approximately 70 percent of the homes underwater, we anticipate tremendous social and economic dislocation and disruption in the short term,” External link

WashingtonPost Wednesday, September 4, 2019 2:52:00 AM EAT

Peter Turnquest said : “So now it’s a matter of working through some of the operational issues to see how we can smoothen those out, see how we can move forward with the implementation of our technology solutions to remove some of the human elements that pro- vide some of the sticking points and move ourselves up the ease of doing busi- ness ranking,” External link

jonesbahamas Monday, August 26, 2019 5:42:00 PM EAT

Peter Turnquest explained : “I think there are some spe- cific issues that relate to that particular entity that I wouldn’t want to speak about in detail, but that are kind of unique in a way,” External link

jonesbahamas Monday, August 26, 2019 5:42:00 PM EAT

Peter Turnquest said : “We, of course, know that there has been some increase in the cost of living as a result of the increase in the value-added tax, and the inflation rate shows that, but the trend also shows that that is evening out as we expect and that over time it will start to normalize,” External link

thenassauguardian Friday, August 23, 2019 3:39:00 PM EAT

Peter Turnquest said : “The state department’s framework for assessing fiscal transparency places emphasis on transparency around the awarding of government contracts and natural resource licenses, as well as more robust government audit mechanisms,” External link

thenassauguardian Friday, August 23, 2019 3:10:00 PM EAT

Peter Turnquest said : “I wish to state cate- gorically that these fabri- cated claims are demon- strably false and com- pletely untrue. They are a gross attempt at charac- ter assassination by uncaring and unscrupu- lous cowards, political mischief making at its worst,” “I caution the public to question the integrity of persons who make a habit out of generating and circulating these vexing stories with the intent of spreading false and defamatory informa- tion in the name of poli- tics or irresponsible gos- sip” External link

jonesbahamas Thursday, August 22, 2019 4:36:00 PM EAT

Peter Turnquest said : “We will come to par- liament, explain what is necessary, why we have done what we have done, if it is an after the fact disclosure and again pres- ent a plan to get us back on track to our overall fis- cal plan as soon as possi- ble,” External link

jonesbahamas Wednesday, August 21, 2019 4:41:00 PM EAT

Peter Turnquest said : “We watch our cash flow to make sure we don’t get caught out and we always have some headroom in order to be able to meet any unex- pected shots,” “Again, somethings we can’t control and so its just a matter of us being conservative and responsible and making sure we are managing our resources as best as we can, taking into account things that can happen on a long term horizon” External link

jonesbahamas Wednesday, August 21, 2019 4:41:00 PM EAT

Peter Turnquest said : “For the most part we believe we have addressed most of the significant points that can be addressed from a policy point of view, so now it’s a matter of working through some of the operational issues to see how we can smoothen those out, to see how we can move forward with the implementation of our technology solutions, to remove some of the human elements that provide some of the sticking points and move ourselves up the ease of doing business ranking,” “As the chairman of t he Ease of Doing Business Committee would have said, we’re making significant progress, we believe it is certainly easier today than it was when we came in and we recognize that we still have some ways to go and we’re working on addressing those issues” External link

thenassauguardian Wednesday, August 21, 2019 4:13:00 PM EAT

Peter Turnquest said : “The reality is that there are any number of circumstances that could cause an overshoot of the projected deficit, however, our job is to manage that to the best we can and to take into account reasonable unknown contingencies that may arise, such as hurricane or recession in our major source markets,” “That said, extended or escalating trade tensions between superpowers can have negative effects on our domestic economy and slow FDI flows. It is prudent for us to be conservative in our expectations. Having said that we do expect to meet our GDP growth target. Revenue and recurrent expenditure targets for the first month of the year are trending in line with the budget and we are hopeful and working towards maintaining that positive trend” External link

thenassauguardian Monday, August 19, 2019 2:37:00 PM EAT

Peter Turnquest explained : “We, of course, know that there has been some increase in the cost of liv- ing as a result of the increase of the value added tax and the deflection rate shows that, but the trend also shows that is evening out and as we expect over time it will start to normal- ize,” “It’s a function how we can see the economy per- form, how any minimum increase would affect are current growth projection, and it will mean to the increase in the cost of liv- ing as a result in the poten- tial increase in the wage and what dampening affect that may have on employment and the econ- omy” External link

jonesbahamas Friday, August 16, 2019 4:23:00 PM EAT

Peter Turnquest said : “In Abaco, I think what you are seeing there is some slowing down in the Bakers Bay work, so that will be kind of expected as they wrap up the development phase over there,” “But we’re working to continue to try and spur other developments. There is a project that is slated for South Abaco that will hopefully take up some of this capacity that will be shifting and [then] we can get those numbers turned around” External link

jonesbahamas Wednesday, August 14, 2019 5:52:00 PM EAT

Peter Turnquest said : “I think it’s a sign that we are moving in the right direction,” External link

thenassauguardian Wednesday, August 14, 2019 3:16:00 PM EAT

Peter Turnquest said : “While the Government is pleased to see the unemployment numbers are trending down it is the ambition of the Government to accelerate growth and drive these numbers even lower. We are not resting on our laurels for one second. Our goal is to secure stronger and more broad-based growth for the Bahamian economy that will result in increased job opportunities and economic benefits for all Bahamians. We will continue investing in small and medium-sized businesses as a key means of driving improvements in unemployment,” External link

bahamas-gov Wednesday, August 14, 2019 10:28:00 AM EAT

Peter Turnquest said : “In the November 2018 report, we observed a decrease in unemployment in Grand Bahama to 11.9%. In May 2019, the trend has continued, as unemployment in Grand Bahama dropped further to 10.9%. This is really positive news for Grand Bahama, which has been no stranger to economic hardship. To support the economic rebound, the Government will continue efforts to stimulate new private sector investment. We want to see the success we are having with job growth in Grand Bahama reproduced consistently across all of our Family Island,” External link

bahamas-gov Wednesday, August 14, 2019 10:28:00 AM EAT

Peter Turnquest said : “Although the unemployment rate dropped for women to 9.9% in May, we continue to see gender disparities in the unemployment numbers with women being more likely than men to be unemployed. In fact, despite their levels of educational attainment, unemployment is higher for women with a secondary or university education compared to men. On the other hand, men with no schooling or incomplete secondary education are employed at a lower rate than women. Further investigation is needed to understand the different challenges experienced by men and women seeking employment, and the policies needed to address these challenges,” External link

bahamas-gov Wednesday, August 14, 2019 10:28:00 AM EAT

Peter Turnquest said : “Although the unemployment rate dropped for women to 9.9 percent in May, we continue to see gender disparities in the unemployment numbers with women being more likely than men to be unemployed,” External link

thenassauguardian Saturday, August 10, 2019 5:08:00 PM EAT

Peter Turnquest said : “Bahamians can feel encouraged by this positive news that unemployment improved significantly,” External link

thenassauguardian Saturday, August 10, 2019 5:08:00 PM EAT

Peter Turnquest said : “We are not resting on our laurels for one second,” External link

thenassauguardian Saturday, August 10, 2019 5:08:00 PM EAT

Peter Turnquest said : “We have an unacceptable level of crime and violence in this country,” External link

thenassauguardian Wednesday, August 7, 2019 3:35:00 PM EAT

Peter Turnquest said : “This step is another historic accomplishment of this Minnis-led administration as we lead the country into a more modern and 21st century mode of operation, taking advantage of advances in technology and fintech (financial technology) solutions available in developed countries around the world,” “The benefits to BISX will also redound to the strengthening of the capital markets, providing opportunities for additional. financing options to Bahamian entrepreneurs” External link

thenassauguardian Tuesday, August 6, 2019 3:31:00 PM EAT

Peter Turnquest said : “The Ministry of Finance continues to push for agency banking and electronic payment solutions in the Family Islands – particularly where no physical banks exist – advocacy for more cashless payment solutions in the public and private sectors, and our efforts to impress upon financial institutions the need to reduce the cost of such solutions,” External link

thenassauguardian Tuesday, August 6, 2019 3:31:00 PM EAT

Peter Turnquest said : “We are making progress with the revenue enhancement unit as well as our property tax modernization initiatives,” External link

thenassauguardian Tuesday, August 6, 2019 3:31:00 PM EAT

Peter Turnquest said : “We continue to work towards achieving our fiscal consolidation plan,” External link

thenassauguardian Tuesday, August 6, 2019 3:31:00 PM EAT

Peter Turnquest said : “This is another area where the government is making good on its promise to modernize and keep pace with the digital transformation happening globally and introduce more efficien- cy to the government’s borrowing. Centralized market trading of gov- ernment bonds is an important component for the growth of the entire Bahamian capital market. It’s been a longtime in the making and I am proud that this govern- ment’s leadership has helped to finally bring this project to fruition,” External link

jonesbahamas Friday, August 2, 2019 6:21:00 PM EAT

Peter Turnquest said : “With this moderniza- tion of the country’s financial market infra- structure, Bahamians will now have easy access to investment information and market activity on all government bonds and there will be transparen- cy around the pricing of government securities. Lastly, Bahamians will be able to see and have an opportunity to trade outstanding securities on an open market,” External link

jonesbahamas Friday, August 2, 2019 6:21:00 PM EAT

Peter Turnquest said : “This is another area where the government is making good on its promise to modernize and keep pace with the digital transformation happening globally and introduce more efficiency to the government’s borrowing. Centralized market trading of government bonds is an important component for the growth of the entire Bahamian capital market. It’s been a longtime in the making and I am proud that this government’s leadership has helped to finally bring this project to fruition,” External link

jonesbahamas Friday, August 2, 2019 6:21:00 PM EAT

Peter Turnquest said : “With this modernization of the country’s financial market infrastructure, Bahamians will now have easy access to investment information and market activity on all government bonds and there will be transparency around the pricing of government securities. Lastly, Bahamians will be able to see and have an opportunity to trade outstanding securities on an open market,” External link

jonesbahamas Friday, August 2, 2019 6:21:00 PM EAT

Peter Turnquest said : “We are getting ready to list over 200 government bonds, which represent the entire portfolio of outstanding securities going back to 1999,” External link

thenassauguardian Friday, August 2, 2019 4:16:00 PM EAT

Peter Turnquest said : “I guess they’re using the break as a cover so they don’t have to come back and actually do it or maybe they’re following behind the [Democratic National Alliance] who made the suggestion,” “Again, we all know it’s a fool’s errand. Why do it? But it’s a free country so they can do whatever they feel” External link

thenassauguardian Monday, July 29, 2019 3:22:00 PM EAT

Peter Turnquest said : “The OECD concluded that the domestic legal framework is in line with international standards and therefore, not harmful which is a nod to a slate of legislative and regulatory reforms undertaken by the government since the New Year,” “On July 19, 2019 the Global Forum on Harmful Tax Practices, an exchange of information, through the inclusive framework on Base Erosion and Profit Shifting (BEPS), approved the latest results of the peer review of The Bahamas’ Domestic Law and Economic Substance” External link

jonesbahamas Friday, July 26, 2019 10:38:00 AM EAT

Peter Turnquest said : “The working group on Financial Service Sector Reform will continue to review our legislative framework and engage with the international organizations to ensure the interest of our financial services sector are represented and protected,” External link

jonesbahamas Friday, July 26, 2019 10:38:00 AM EAT

Peter Turnquest said : “Our commitment to the enhancement of transparency mechanisms demonstrates yet again that The Bahamas will not be a jurisdiction that encourages or facilitates financial crimes, including tax evasion and money laundering,” “This confirmation affirms The Bahamas as a premier partner in the global fight against harmful tax practices” External link

thenassauguardian Thursday, July 25, 2019 4:26:00 PM EAT

Peter Turnquest said : “The review of the implementation of the Action 14 minimum standard would be pointless, which is the reason why they are asking us to confirm before launching the process in August,” “BEPS Action 14 relates to dispute resolution mechanisms available in tax treaties through which competent authorities of the contracting states may resolve differences or difficulties regarding the interpretation or the application of the convention on a mutually-agreed basis. This mechanism – the mutual agreement procedure (MAP) – is the focus of BEPS Action 14, and the purpose of the latter was to develop solutions to address obstacles that prevent countries from resolving treaty-related disputes under MAP” External link

thenassauguardian Wednesday, July 24, 2019 4:06:00 PM EAT

Peter Turnquest said : “The BTC pension plan is currently undergoing an actuarial review,” “Once that assessment is completed, we will be in a better position to determine the way forward” External link

thenassauguardian Tuesday, July 23, 2019 3:50:00 PM EAT

Peter Turnquest added : “The report identified known vulnerabilities and structural weaknesses, which means we are already actively engaged in addressing these needs. We feel confident that our ongoing structural and fiscal reforms and macroeconomic policies will continue to produce demonstrable achievements in this regard,” “This administration is absolutely a ‘reform-oriented government’ and we embrace this characterization and recognition by the IMF in its most recent report. We are finally making tangible progress on longstanding issues that have held the country back. Because these issues were not glamorous or easy to solve, they were swept under rung by previous governments. We are getting the job done and making a difference one problem at a time, from fiscal responsibility to ease of doing business to improved tax administration to financial sector reform” External link

jonesbahamas Thursday, July 4, 2019 6:55:00 PM EAT

Peter Turnquest explained : “Our demonstrated commitment to universal tertiary and preschool education in the 2019/2020 budget is evidence of this administration’s pledge to invest in the human capital of the country,” External link

jonesbahamas Thursday, July 4, 2019 6:55:00 PM EAT

Peter Turnquest said : “We acknowledge that efforts need to be enhanced to enable employment creation to keep pace with labor force growth. In this fiscal year, we plan to expand our investments in small business and entrepreneurship, and we expect private sector investment initiatives and tourism sector growth to drive further improvements in employment conditions,” External link

jonesbahamas Thursday, July 4, 2019 6:55:00 PM EAT

Peter Turnquest said : “Which is different from what is being suggested by the IMF (International Monetary Fund),” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest told : “This is an area that I would certainly defer to the minister of works, but I do know that the ministry of works has had some seminars with respect to improving the capacity and qualification of contractors to qualify for these kinds of works,” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest added : “Being in public life is not easy,” “You are subject to so much unfair attacks and criticism, which I think in his case is the epitome of what can happen and is unfortunate. But be that as it may, he has remained dignified and above the fray and I think that’s to his credit and to his family’s credit” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest said : “Overall, the IMF report reinforces the government’s own assessment of the country’s economic outlook and financial system: Increased prosperity is on the horizon. We were pleased to see recognition that growth has returned after years of stagnation and that our reforms are bearing tangible fruit. Indeed the real economy grew by 1.6 percent in 2018 from a negative five year average of -0.2 percent. We continue to see a buoyant tourism industry with expanding construction activity underpinned by foreign investment projects and expanded domestic participation through the vacation home market. Our financial sector continues to prove that it is sound and resilient to current stability threats,” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest said : “The report identified known vulnerabilities and structural weaknesses, which means we are already actively engaged in addressing these needs. We feel confident that our ongoing structural and fiscal reforms and macroeconomic policies will continue to produce demonstrable achievements in this regard,” “This administration is absolutely a ‘reform-oriented government’ and we embrace this characterization and recognition by the IMF in its most recent report. We are finally making tangible progress on longstanding issues that have held the country back. Because these issues were not glamorous or easy to solve, they were swept under the rug by previous governments. We are getting the job done and making a difference one problem at a time: from fiscal responsibility to ease of doing business to improved tax administration to financial sector reform” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest said : “We acknowledge that efforts need to be enhanced to enable employment creation to keep pace with labor force growth. In this fiscal year we plan to expand our investments in small business and entrepreneurship, and we expect private sector investment initiatives and tourism sector growth to drive further improvements in employment conditions,” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest noted : “Our demonstrated commitment to universal tertiary and pre-school education in the 2019/2020 budget is evidence of this administration’s pledge to invest in the human capital of the country” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest said ( about Commission ) : “We recall that within the past few years alone, The Bahamas has been seriously affected by at least three major hurricanes—all category four storms or above. The impact of Hurricanes Joaquin, Matthew, and Irma on The Bahamas has been reported by the United Nations Economic Commission for Latin America and the Caribbean to cost approximately 820 million dollars,” External link

reliefWeb Tuesday, July 2, 2019 7:46:00 AM EAT

Peter Turnquest said : “It points out the affect that policy can have on these state- owned enterprises, [and] in that particular circum- stance a decision was made, I think in 2010, that affected its financial standing,” External link

jonesbahamas Thursday, June 27, 2019 4:43:00 PM EAT

Peter Turnquest said : “UB has done an analysis of their average full-time student intake, and they calculated what that would mean in terms of tuition, and the number is about $19 million, and we’ve provided for that,” External link

thenassauguardian Friday, June 21, 2019 3:54:00 PM EAT

Peter Turnquest told : “We anticipate that there are going to be properties that are going to be undervalued as well as those that will be overvalued. We will adjust the assessed values accordingly,” External link

thenassauguardian Friday, June 21, 2019 3:54:00 PM EAT

Peter Turnquest said : “The project is $7 million, it is going to engage about 45 Bahamians to conduct the surveys and the analysis and we’re going to be training them in that process, so that we don’t have to bring in the foreign contractors again. Then we’re going to expand out to the Family Islands to ensure that we have a sound database throughout the country. That’s the investment we’re making,” “At the end of the day we will be able to put onto the roll properties that have not been on the roll before and get a more objective, real time, currently assessed value on properties throughout the country” External link

thenassauguardian Friday, June 21, 2019 3:54:00 PM EAT

Peter Turnquest said : “You have all kinds of factors that can go into why you don’t meet your targets. What we try to do and what we have outlined in the budget, is that we are going to ensure that we collect the taxes that exist that we do have some control over, the property taxes, the value-added taxes, the customs taxes, these kinds of things that we do have some control over,” “To that end we have the Revenue Enhancement Unit, which is now an authorized entity unlike before and we are resourcing it with qualified people who will be able to use some data analytics behind the whole concept, so that we realize as much as we can possibly realize from the revenue lines” External link

thenassauguardian Thursday, June 20, 2019 4:02:00 PM EAT

Peter Turnquest said : “We’re also doing some new things in this year’s budget to try and capture more of the untapped revenue that we have. Taxes that are on the books that we’ve never gone after in any aggressive way. A lot of that has to do with the offshore side of our economy, so Bahamians themselves won’t feel that at all,” External link

thenassauguardian Thursday, June 20, 2019 4:02:00 PM EAT

Peter Turnquest said : “In Grand Bahama in particular, you know that there are two major projects that are on the drawing board and we’re driving them to conclusion as quickly as we possibly can, bearing in mind that these are international, publicly listed companies that we’re dealing with and they have their shareholders and their board of directors that they have to satisfy that any deal made is in the best interest of the shareholders, and we on the other hand have to make sure that it’s in the best interest of the Bahamian people,” “So, there are negotiations going on and these things take time. Taking that in mind, we are fully confident that towards the middle to end of this year that we will see the tangible benefits of that work on the ground and the economy will start to turn” External link

thenassauguardian Wednesday, June 19, 2019 3:49:00 PM EAT

Peter Turnquest said : “Thus, in this budget we have allocated $190,000 for this line item,” “This is right and proper budgeting, making realistic estimates based on the actual needs of any one department” External link

thenassauguardian Thursday, June 6, 2019 4:36:00 PM EAT

Peter Turnquest said : “Some ministries may have reflected a large increase in travel allocations due to the fact that under the new chart of accounts some line items would have been grouped together,” External link

thenassauguardian Thursday, June 6, 2019 4:36:00 PM EAT

Peter Turnquest said : “This year, the budget provides funding to substantially expand the government’s commitment both to pre-school and tertiary education,” External link

thenassauguardian Monday, June 3, 2019 3:34:00 PM EAT

Peter Turnquest explained : “The Budget website will help to simplify the national budget and break it down into non-technical language,” External link

bahamas-gov Friday, May 31, 2019 6:05:00 PM EAT

Peter Turnquest said : “Financial literacy is something we take for granted, when the reality is, discussions about the budget often include technical terms that not everyone understands. By working with these talented content creators, who regularly entertain the Bahamian public with their comedic productions, we are able to reach new audiences using the vehicle of edutainment,” External link

bahamas-gov Thursday, May 30, 2019 5:26:00 PM EAT

Peter Turnquest said : “I am a firm believe that to the greatest extent possible, the general public should not be inconvenienced by our own inefficiencies. As we digitize more of our processes and integrate systems to streamline inter-agency communication we will be able to deliver more efficient services across government. In the meantime, we are implementing immediate measures to increase the ease of doing business now,” External link

bahamas-gov Thursday, May 30, 2019 5:26:00 PM EAT

Peter Turnquest said : “I would leave it to them to name the persons they put forth,” “They will have a look at the budget as required by the act” External link

thenassauguardian Wednesday, May 22, 2019 3:35:00 PM EAT

Peter Turnquest said : “Again, the fact of the matter is we’ve had pos- itive growth; we’ve had strong economic per- formance which are all indicators that point towards the strengthen- ing of the economy and that is the positive that needs to be taken from this statistics,” External link

jonesbahamas Wednesday, May 15, 2019 5:43:00 PM EAT

Peter Turnquest said : “The fact of the matter is that we cannot absorb any and everybody into this economy,” External link

thenassauguardian Wednesday, May 15, 2019 3:38:00 PM EAT

Peter Turnquest said : “Any suggestion that we ought to just fling open the doors and every and anybody can come is inherently disadvantageous and dangerous and reckless to the Bahamian people,” External link

thenassauguardian Wednesday, May 15, 2019 3:38:00 PM EAT

Peter Turnquest said : “I note the critics, and the fact of the matter is that they have no basis for any criticism in this regard, given the track record,” External link

thenassauguardian Wednesday, May 15, 2019 3:04:00 PM EAT

Peter Turnquest said : “There is no doubt this performance is also hav- ing positive impacts on wholesale and retail trade, and general improvements in con- sumer and business con- fidence have translated into the observed increase in consumption by households and in business spending,” External link

jonesbahamas Tuesday, May 14, 2019 4:59:00 PM EAT

Peter Turnquest said ( about The Deputy ) : “We congratulate the DOS on its efforts to modernize and expand the country’s available statistical data. This is an encouraging develop- ment, and the Government looks for- ward to the evolution of the data coverage and planned methodological improvements for this new series. Going for- ward, the timely release of more frequent data on the national accounts will benefit, not only the Government, in its ability to analyze and respond to short-term economic developments, but also consumers and investors in their decision making processes,” “The importance of quarterly GDP statistics cannot be understated, as it provides an almost real time look at the move- ments and performance of the economy. This information can point to dynamic relationships occurring that either drive or drag economic growth. This is key for economic modelling pur- poses and for the appro- priate timing of economy policy. Annual GDP stats cannot give you this insight,” External link

jonesbahamas Tuesday, May 14, 2019 4:59:00 PM EAT

Peter Turnquest said : “The key takeaways are that economic growth is positive, our momentum has firmed and it is being driven by the private sector,” External link

thenassauguardian Tuesday, May 14, 2019 3:50:00 PM EAT

Peter Turnquest said : “This exercise is long overdue to help address known challenges will the RPT system and general inefficiencies in the Government’s tax administration. It will help to reduce further revenue leakage caused by dated, incomplete and inaccurate data currently stored in the system, and allow for fair and timely assessments, using quantifiable and objective criteria,” External link

bahamas-gov Monday, May 13, 2019 12:35:00 PM EAT

Peter Turnquest said : “I don’t see any tax adjustments per se. I think what you will find is there may be some minor adjustments to how some of these taxes would be applied and we may have the introduction of some fees for some services that have been escaping us, for instance the Airbnb kind of things,” External link

thenassauguardian Thursday, May 9, 2019 2:50:00 PM EAT

Peter Turnquest said : “We put out our three-year fiscal plan and we are fairly satisfied with the results that we received from that this year. We need to stay faithful and allow the process to work out, be disciplined in respect of the plan,” External link

thenassauguardian Thursday, May 9, 2019 2:50:00 PM EAT

Peter Turnquest said ( about Benjamin Davies ) : “This is what it is all about,” “I want to see him at every airport throughout this country and electric cars being the predominant rental vehicles in this country. When we first started the SBDC, one of the things I said I wanted to do was to create millionaires, and Davis is well on the way” External link

thenassauguardian Wednesday, May 8, 2019 4:01:00 PM EAT

Peter Turnquest said : “When you see a gem come along that is interested in self-development and creating opportunities, it makes us all, as leaders, very proud,” “It says that all is not lost, that we as Bahamians have the opportunity to create our opportunities, to cut a new path and take more control of our economic circumstances” External link

thenassauguardian Wednesday, May 8, 2019 4:01:00 PM EAT

Peter Turnquest said : “We are looking into it because we want to be factual, but we know that the reductions that we have done in duty rates would have had some effect and we know that the completion of some of the projects that have been ongoing would have also had some effects, but we are not able to say yet to the line what the major categories for the decrease were,” External link

thenassauguardian Wednesday, May 8, 2019 4:01:00 PM EAT

Peter Turnquest said : “The United States has been losing, for many years, 600 to 800 Billion Dollars a year on Trade. With China we lose $500 billion. Sorry, we’re not going to be doing that anymore!” External link

thenassauguardian Tuesday, May 7, 2019 4:13:00 PM EAT

Peter Turnquest told : “We do intend to pursue it to ensure that the government collects the revenue that is due. There has been a negotiation and some accommodations made in regards to our initial opposition. I don’t see us moving from that point at this stage,” External link

thenassauguardian Wednesday, May 1, 2019 3:34:00 PM EAT

Peter Turnquest told : “We have not reached our goal yet,” External link

thenassauguardian Wednesday, May 1, 2019 3:02:00 PM EAT

Peter Turnquest explained : “We are looking at an innovative product that we are trying to create that will widen the participation of the average Bahamian in the ownership of government assets,” External link

thenassauguardian Saturday, April 27, 2019 2:09:00 PM EAT

Peter Turnquest said : “Over that period our rating or ‘score’ has improved from 56.65 to 58.90. The government, however, is actively pursuing a net increase of some 20 points, which would lift The Bahamas dramatically in terms of its rank on the list,” “To make this a reality, one of the prime areas identified, where the government could introduce the necessary reforms to both improve the ease of business, and our rating on the report, was in the area of protecting minority investors” External link

thenassauguardian Friday, April 26, 2019 3:07:00 PM EAT

Peter Turnquest said : “This has been a very challenging process because each regulator has its own focus and priorities; all of the stakeholders have particular concerns and priorities and trying to get them all on the same page is not always an easy process,” “As an industry, the government through the OAG, Ministry of Finance and Ministry of Financial services, we are doing all of the things we need to do to ensure that we clear all the outstanding issues. We’ve already made tremendous progress in clearing away the 40 points that were raised in the last evaluation, we’re now down to 18. We have a few more to go, with FIU being a central focus of those remaining issues. We are committed to ensuring that at the next evaluation we will have very few if any outstanding issues and then we go back to the world and say look at The Bahamas, the criticisms that you are making of us are unfair as we all know they are, and we can justify and here’s why” External link

bahamas-gov Thursday, April 25, 2019 11:22:00 PM EAT

Peter Turnquest said ( about Financial Intelligence Unit ) : “This year we have upgraded our Financial Intelligence Unit. We have engaged new leadership with a new director, Mr. Quinn McCartney, former deputy commissioner of the Royal Bahamas Police Force. We’ve also added to the compliment of the FIU staff by hiring a forensic accountant, and we will continue in accordance with the human resources plan that has been put forward by the director to supplement the human resources capabilities of the FIU with additional forensic accountants, additional analysts and additional informational technology experts, so that we have a fully functional, fully qualified FIU,” External link

thenassauguardian Friday, April 5, 2019 5:18:00 PM EAT

Peter Turnquest said : “One of the criticisms from this report and the FATF has been that we have not been able to document the disposition of STRs and this system will allow us to track. Also, at the attorney general’s office, they are in the process of acquiring a $2.3 million case management system that will also allow us to be able to track this system through the judicial system and be able to provide real time status of these cases,” “The system that we are implementing is a state-of-the-art system that is being used throughout the jurisdiction and will allow for more effective communication and updating of the records of these cases as they go through” External link

thenassauguardian Friday, April 5, 2019 5:18:00 PM EAT

Peter Turnquest said : “The whole issue of crypto currencies and assets is very dynamic. We have been deliberate in creating a regulatory environment that safe- guards the country’s eco- nomic interests and shores up our global competitive- ness. These efforts will help to grow our reputa- tion as an innovative and responsive financial cen- tre,” External link

jonesbahamas Wednesday, April 3, 2019 9:01:00 PM EAT

Peter Turnquest said : “New legislative initia- tives will facilitate these growth opportunities and drive innovation and diversification in the industry. I look forward to presenting the Bill to Cabinet when the public consultation phase is com- plete,” External link

jonesbahamas Wednesday, April 3, 2019 9:01:00 PM EAT

Peter Turnquest said : “There is anticipated to be some slowdown in the amount of work they can manage, but they do have a commitment to continue forward and maintain as much as the employment as they can,” External link

jonesbahamas Wednesday, April 3, 2019 9:01:00 PM EAT

Peter Turnquest said : “However, as we have demonstrated the whole of 2018, we are up to the challenge and we are committed to doing what we have to do to ensure that the financial services industry is in fact protect- ed,” External link

jonesbahamas Wednesday, March 13, 2019 7:30:00 PM EAT

Peter Turnquest said : “Again the important thing is that the Bahamas is at the table and we are participating in the dis- cussions and are keeping abreast of the develop- ments and not allowing ourselves to fall behind like we did in the past,” External link

jonesbahamas Wednesday, March 13, 2019 7:30:00 PM EAT

Peter Turnquest said : “It is a complete and utter falsehood,” External link

thenassauguardian Friday, March 1, 2019 4:42:00 PM EAT

Peter Turnquest said ( about Debt Management ) : “Specifically, the Public Financial Management Bill is being drafted with assistance from the IMF’s Caribbean Technical Assistance Centre (CARTAC), and is expected to modernize and eventually replace the Financial Administration and Audit Act, 2010,” “Its main objective is to provide a more comprehensive legal framework that will provide the necessary support to strengthening the oversight, management and control of public funds” External link

thenassauguardian Thursday, February 28, 2019 5:48:00 PM EAT

Peter Turnquest said : “With this new agreement, projected revenues to be collected from the gaming houses will be somewhat below the amounts that had been included in the 2018/18 Budget, in the sum of approximately $18 million,” External link

thenassauguardian Wednesday, February 27, 2019 9:35:00 PM EAT

Peter Turnquest said : “We have no intention of giving up any ground we occupy as a premier international financial center. We are adapting to the changing environ- ments and encouraging the industry to innovate and develop new competi- tive products to meet the demands of the market. Investors can be assured The Bahamas will contin- ue to be a reliable provider of sophisticated, high quality financial services products that meet their needs,” External link

jonesbahamas Wednesday, February 27, 2019 8:27:00 PM EAT

Peter Turnquest said : “We are undertaking several other initiatives to boldly lead the Bahamas into a dynamic future, including preparing Bahamians to take advan- tages of the opportunities to that we have. We’re preparing Bahamians to be business owners with unprecedented invest- ments in entrepreneurship with 25 million allocated over the next 3 years. The era of finishing school and looking for a good job in the govern- ment is over, we want to empower our work force to be highly trained, secure private sector jobs and create their own jobs,” External link

jonesbahamas Wednesday, February 27, 2019 8:27:00 PM EAT

Peter Turnquest said : “So, again, as I take that side step just to say to the industry, do not be afraid to be creative, bold; to have courage. I can tell you the government will support you, as long as you’re not doing anything illegal,” External link

jonesbahamas Wednesday, February 27, 2019 8:27:00 PM EAT

Peter Turnquest said : “No matter how cooperative or how compliant we are as a nation, larger countries exercise their liberty to create new rules at will, with an expectation for everyone to immediately fall in line, no matter the resources we need to marshal or the investments we need to make,” External link

thenassauguardian Wednesday, February 27, 2019 4:35:00 PM EAT

Peter Turnquest said : “This is 2019, and it doesn’t matter how many blacklists pop up to unfairly stick The Bahamas on, the fact will remain: We are a clean, compliant and cooperative wealth management jurisdiction, providing competitive financial services. We compete on the strength of our services and the quality of our professionals, and we eschew any and all efforts to introduce AML/CFT risk into our system. This government is committed to keeping up with any regulator or legislative reforms that are necessary to maintain our position as a global leader,” “We have no intention of giving up any of the ground we occupy as a premier international financial center. We are adapting to the changing environment and encouraging the industry to innovate and develop new competitive products to meet the demands of the market. Investors can be assured The Bahamas will continue to be a reliable provider of sophisticated, high-quality financial services products that meet their needs” External link

thenassauguardian Wednesday, February 27, 2019 4:35:00 PM EAT

Peter Turnquest told : “Some of it has to do with their concerns about money laundering and counter terrorism financing, actual tax avoidance and evasion concerns, but a lot of it has to do with competition, and that is where it starts to break down, the framework starts to break down,” External link

thenassauguardian Friday, February 22, 2019 4:35:00 PM EAT

Peter Turnquest said : “We believe again, that we have done everything that we need to do from a prudential point of view to ensure that we have a robust AML/CFT and tax evasion regime, regulatory environment with all of our various regulators, more so than a lot of the European countries or North American countries,” External link

thenassauguardian Friday, February 22, 2019 4:35:00 PM EAT

Peter Turnquest said : “We are not close to a surplus as yet, but the steady march forward will continue and must continue,” External link

thenassauguardian Thursday, February 7, 2019 5:27:00 PM EAT

Peter Turnquest said : “The Bahamian people are tired of the mismanagement. They are tired of having to wait for their basic needs to be met. They are tired of having to put their dreams on hold because the government cannot get it together. We recognized this on day one and decided to look in the mirror and say, ‘let’s put the government in check’,” “The Bahamian people deserve to know what abundance looks like, what prosperity feels like. Now imagine a government committed to delivering a surplus, which means not having just enough, but having more than enough to invest in the basic needs of the people, and their hopes and dreams” External link

thenassauguardian Thursday, February 7, 2019 5:27:00 PM EAT

Peter Turnquest said : “When I presented the government’s budget last June, we announced an allocation $5.5 million for micro, small and medium-sized enterprises,” “We promised this money would go directly to entrepreneurs. Today, we are making good on that promise. And thanks to the tremendous efforts of the SBDC and its partners, we are delivering even more” External link

thenassauguardian Thursday, February 7, 2019 5:27:00 PM EAT

Peter Turnquest said : “By bringing in additional funding from our partners, we leveraged the government’s $5.5 million to secure up to $9 million in capital financing for small businesses across The Bahamas,” External link

thenassauguardian Thursday, February 7, 2019 5:27:00 PM EAT

Peter Turnquest said : “Where it is located gives an opportunity for not only the Freeport or the western side of the island to benefit but also the Eastern side,” External link

thenassauguardian Wednesday, February 6, 2019 4:34:00 PM EAT

Peter Turnquest said : “Mr. Speaker, as far as the government can ascertain, this story is untrue in its entirety,” External link

thenassauguardian Wednesday, January 30, 2019 10:12:00 PM EAT

Peter Turnquest said : “the country’s bond rating is at junk status” External link

jonesbahamas Thursday, January 24, 2019 1:58:00 PM EAT

Peter Turnquest said : “But, our target is a level of growth that will reduce unemployment in a sustained way, and will be felt evenly across the country, so the work must continue and intensify,” External link

jonesbahamas Tuesday, January 22, 2019 6:01:00 PM EAT

Peter Turnquest said : “They’re depriving them from economic activity and from the livelihood and capital they need in order to con- tinue in business,” External link

jonesbahamas Monday, January 14, 2019 5:24:00 PM EAT

Peter Turnquest said : “We remain concerned, and have voiced these concerns in international forums, about the appearance of shifting goal posts when it comes to the Bahamas and other international finance centres. We will continue to press and argue this point in the international arena,” External link

tv6tnt Friday, January 4, 2019 6:58:00 PM EAT

Peter Turnquest said : “We expect that our demonstrated commitment to operate within the framework of mutually agreed standards that are accepted by all stakeholders, will allow the Bahamas and the global community to move forward and get down to the work of doing business in a marketplace characterized by more transparent rules that lead to equity and fair competition,” External link

tv6tnt Friday, January 4, 2019 6:58:00 PM EAT

Peter Turnquest said : “As a result of recent amendments made to the Business License Act to streamline the application process, companies will be able to apply for a provisional license that can be processed in a matter of days,” External link

tv6tnt Friday, January 4, 2019 6:58:00 PM EAT

Peter Turnquest added : “Let me be clear, while the Bahamas is committed to taking progressive steps to adjust to the requirements of operating in the constantly evolving paradigm that is the global financial system, we will uphold our sovereign right to do what is in the best interest of our economy and what is most aligned with our economic development, at all times,” External link

tv6tnt Friday, January 4, 2019 6:58:00 PM EAT

Peter Turnquest said : “However, as we look around the world and see what’s happening and see all the upheaval that’s happening. It says to us that we have to get our fiscal house in order and take the opportunity while we have some buffers to do that so that when hard times come, if there is another recession which some people pre- dict that we are pre- pared,” External link

jonesbahamas Wednesday, December 12, 2018 6:46:00 PM EAT

Peter Turnquest said : “More than anything the report says to us, ‘You’re on the right track, you need to continue with the disciplined measures that we have in place’. We need to keep our expenditures in line and continue with the growth initiatives that we’ve put forth, and again just being very communicative with the Bahamian people and ensuring that we do the best we can to meet our commitments with respect to the Fiscal Responsibility Act,” External link

thenassauguardian Wednesday, December 12, 2018 4:49:00 PM EAT

Peter Turnquest said : “This is something we identified and acted on in the last fiscal year, and we will continue to consider all necessary option as we also recognize that containing our expenditure is critical,” External link

tv6tnt Tuesday, December 11, 2018 6:36:00 PM EAT

Peter Turnquest said : “We also anticipate significant improvements around our tax collection, accounting and auditing functions as a result of bolstered staffing and process reform. This will help to reduce revenue leakage, build internal capacity and strengthen compliance opportunities,” External link

tv6tnt Tuesday, December 11, 2018 6:36:00 PM EAT

Peter Turnquest said : “The government will stay the course with its fiscal strategy to boost economic growth, strengthen the fiscal balance and increase transparency and government accountability,” “Our policies are starting to pay a dividend in terms of transforming the way government operates. We are pleased to see that the efforts are being recognized by the IMF and others. However, our economic recovery still is not as buoyant as we would like to see it; we recognize that our policies, which are really groundbreaking in many respects, still need to fully set in” External link

thenassauguardian Tuesday, December 11, 2018 4:57:00 PM EAT

Peter Turnquest said : “We take our commitment to balancing the budget very seriously, which means there are still some hard decisions to be made,” “The IMF noted the need for decisive measures to contain expenditure growth in the short and medium term. This is something we identified and acted on in the last fiscal year, and we will continue to consider all necessary options as we also recognize that containing our expenditure is critical” External link

thenassauguardian Tuesday, December 11, 2018 4:57:00 PM EAT

Peter Turnquest said : “Let me state for the record that it is not the intent of the government to interfere or to monitor, other than for defined purposes, the activities of any organization, be they religious, civic, social, that is not the intent of this bill,” External link

thenassauguardian Thursday, December 6, 2018 5:18:00 PM EAT

Peter Turnquest said : “All countries around the world, from big to small, are faced with the same challenges,” External link

thenassauguardian Thursday, December 6, 2018 5:18:00 PM EAT

Peter Turnquest said : “The over-riding objective of this bill is to provide for regulations to ensure that non-profit organizations are operating in a transparent manner and are not engaged in activities which constitute an identified risk as defined in the Proceeds of Crime Act (ch 92); namely activities involving corruption, cybercrimes, human trafficking, money laundering, or financing of terrorism or proliferation or financing of weapons of mass destruction,” External link

jonesbahamas Thursday, December 6, 2018 5:04:00 PM EAT

Peter Turnquest said : “This new regulatory landscape is taking place in a context of rapid change, rising nationalism in G20 counties around the world, and global upheaval in the financial services sector,” External link

thenassauguardian Thursday, December 6, 2018 4:52:00 PM EAT

Peter Turnquest explained : “our record of cooperation in tax matters with our international partners through mutual legal assistance treaties and tax information exchange agreements, and other bi-lateral cooperation agreements, has demonstrated our commitment to transparency standards and international best practices, and they have worked though we acknowledge the need for better efficiency in the processes” External link

thenassauguardian Thursday, December 6, 2018 4:52:00 PM EAT

Peter Turnquest said : “We are removing the exemptions on the IBC in some cases and in other cases we are granting domestic companies some of the advantages previously enjoyed exclusively by IBCs,” “The net effect will be to equalize the two types of companies so that each is able to do what the other can” External link

thenassauguardian Thursday, December 6, 2018 4:52:00 PM EAT

Peter Turnquest stated : “this particular piece of legislation did not help us to create the kind of certainty to attract investors here for the long-term. The Bill did not help spur investment in Grand Bahama. It did the exact opposite” External link

freeport Saturday, October 28, 2017 12:50:00 PM EAT

Peter Turnquest said : “This eliminates the need for any licensee of the Grand Bahama Port Authority to apply to the Central Government to receive any concessions. That entire regime will be done away with once this bill is passed,” External link

freeport Saturday, October 28, 2017 12:50:00 PM EAT

Peter Turnquest added : “I can’t stress that enough because people don’t necessarily understand how important Grand Bahama is to the entire health of this country, because it is still the second largest economy in the country, never mind that Abaco is gaining on our heels every day and other islands like Exuma are holding their own,” External link

bahamas-gov Thursday, October 26, 2017 5:30:00 PM EAT

Peter Turnquest added : “If (Grand Bahama’s economy) fails, it will cause enormous pressure on the rest of the country,” “So, I can’t understate how important it is for us to get Grand Bahama right” External link

bahamas-gov Thursday, October 26, 2017 5:30:00 PM EAT

Peter Turnquest stated : “This Bill will not help you if you are in a situation, where you do not have an income it will not protect you,” External link

freeport Thursday, March 9, 2017 10:14:00 PM EAT

Peter Turnquest suggested ( about Credit Bureau ) : “We need a Credit Bureau so that we can prevent the creditory lending practices that we have. We need Debt Protection Laws, so that people have the opportunity to reorganize their finances not only their mortgages, but all of their finances,” “We need consumer protection, the fact that we have all of these fees that have been added to the Bahamian people by all of these banks is just unconscionable, it is immoral. The fact that we have lost these banks in these communities, again, Mr. Speaker, there is no civic responsibility and we have to fill that void. That is going to cause the illegal banking industry to pop up again. It is a treat to our financial system Mr. Speaker,” External link

freeport Thursday, March 9, 2017 10:14:00 PM EAT

Peter Turnquest said : “We need to understand what the situation is with the sale of mortgages to Gateway Financial by Scotiabank. What was the value of the loans sold verses that paid by Gateway and was that same offer made to the individual mortgagors to settle their outstanding amount, or, were they just sold lock stock and barrel to Gateway as chattel, to pay full values while Gateway gets their asset for pennies on the dollar which they can turnaround and sell for full value?” External link

freeport Thursday, March 9, 2017 10:14:00 PM EAT

Peter Turnquest said : “We intend to put in a fiscal rule policy which will help us to control the debt, recognizing that we only have so much resources available to us and thus we limit our expenditures,” “We intend to expand the economy, empowering local entrepreneurs through incentives and getting them to take more of a stake in the overall economic activity in the economy” External link

thenassauguardian Thursday, March 9, 2017 1:51:00 PM EAT

Peter Turnquest said : “Our prime minister, I call him ‘Gold Finger,’ has always shown you what he thinks of you, the disrespect he showed the entire country because someone dared to ask a question, that’s all they did,” External link

tribune242 Tuesday, March 7, 2017 7:13:00 AM EAT

Peter Turnquest said : “The prime minister said his party is unified, he said ‘we can’t trust them other fellas because we don’t know who will be leader.’ Well I have news for him, if he don’t know himself, his members have been trying to get rid of him for the last five years. Ask Alfred Sears, ask Obie Wilchcombe, ask Fred Mitchell, ask ‘Brave’ Davis, who isn’t so brave because he wouldn’t take the shot, at least Alfred Sears took the shot,” “They all tried to get rid of him and Mr Christie had the nerve to say well ‘I staying because my people tell me they want me to stay.’ So the news ask the members of the governing party and one by one they say ‘not me I didn’t ask him to stay.’ But because of the way they operated their party they couldn’t get rid of him, but since they failed, your FNM with the help of God we will do the job for them. We will fire Mr Christie and this worthless PLP as soon as they are bold enough to call the next election” External link

tribune242 Tuesday, March 7, 2017 7:13:00 AM EAT

Peter Turnquest said : “Right now the deficit, according to the latest Central Bank report, is up to $314 million. When you consider the decline in revenue collection and the increase in expenditures with no indication that it’s going to update anytime soon, particularly in an election year, it is likely we will meet or exceed the recurrent deficit that was left in 2012 and that is despite the added impact of VAT” External link

tribune242 Wednesday, March 1, 2017 3:02:00 AM EAT

Peter Turnquest noted : “The report indicates that a 4.2 per cent rise in personal emoluments has occurred,” External link

tribune242 Wednesday, March 1, 2017 3:02:00 AM EAT

Peter Turnquest said : “Since the hurricane (Matt-hew) passed and students’ homes were destroyed, even more students need lunches provided by the government, but they are not there to help. I am proud of our young people though as they have stepped up and shared their lunches with those that the government is failing. This meal is the only meal that some of our students are getting for the day. The PLP Government should learn from these students and step up and do their job to help our children,” External link

freeport Friday, February 24, 2017 2:39:00 AM EAT

Peter Turnquest said ( about Andre Rollins ) : “To the extent that Mr Rollins wishes to participate in the Free National Movement (and) certainly he has the skills, I am sure we can utilise and we will see if we can use it,” “We are in the business of building a party and a country. We are not in the business of running anyone away or turning anyone who wants to support our mission away” External link

tribune242 Thursday, February 23, 2017 2:56:00 AM EAT

Peter Turnquest said : “It’s incumbent upon us to go and win the election,” External link

tribune242 Friday, February 17, 2017 1:07:00 AM EAT

Peter Turnquest said : “The boundary adjustments smack of desperation and a government who know that they have lost the support of the majority of Bahamians,” External link

tribune242 Tuesday, February 14, 2017 12:37:00 AM EAT

Peter Turnquest said : “At the end of the day, if the project does not employ or allow local entrepreneurs to participate, then I believe that it will ultimately end up being a bad thing for Grand Bahama,” External link

freeport Saturday, February 11, 2017 2:10:00 AM EAT

Peter Turnquest concluded : “They must have the opportunity to operate some of the vending opportunities that may arise that we do not allow the on-shore experience to be just an extension of just the on-board experience. We must make arrangements with these cruise lines, where we, the people, who provide the product benefit,” External link

freeport Saturday, February 11, 2017 2:10:00 AM EAT

Peter Turnquest added : “Then to have this blow, it has been a serious disappointment to the island,” External link

freeport Thursday, February 9, 2017 3:02:00 AM EAT

Peter Turnquest said : “As we know, and what many experienced during the last hurricane, without the benefit of electricity the basic necessity of water becomes very challenging. This is a project that is very necessary and will impact the lives of our residents and as such, is one that is appreciated very much,” External link

freeport Wednesday, February 8, 2017 1:23:00 AM EAT

Peter Turnquest said : “Access to clean water is not only a basic need for mankind, but also a necessity for sustainable forms of life,” External link

freeport Wednesday, February 8, 2017 1:23:00 AM EAT

Peter Turnquest said : “I want to correct the minister,” External link

tribune242 Thursday, February 2, 2017 11:45:00 PM EAT

Peter Turnquest added : “Further Mr Speaker, the member mentioned about all these other things that value added tax paid for. Mr Speaker, the record will reflect that we borrowed $232m for boats,” “You can’t stand here in this House and say that value added tax paid for boats. You can’t say that Mr Speaker. You cannot say that VAT paid for these things that the Bahamian people know we borrowed money for and that we are paying the price for today” External link

tribune242 Thursday, February 2, 2017 11:45:00 PM EAT

Peter Turnquest said : “The fact is that the public would know that since the government has come to office there has been an increase in the national debt to the tune of some $2bn,” External link

tribune242 Thursday, February 2, 2017 11:45:00 PM EAT

Peter Turnquest said : “more now than ever, the risk is too great to return governance to the PLP” “They’re unfit to govern after derailing economic gains following the global economic recession which started to rebound in 2010,” External link

tribune242 Wednesday, February 1, 2017 12:37:00 AM EAT

Peter Turnquest said : “The state of the Grand Bahama Sports Complex highlights the uncaring contempt the PLP holds for our talented and promising young Bahamians. For months now, with pressure from public servants connected to the facility, its own political supporters, editorial forces, the Free National Movement, and residents generally, this inept government has worked at a snail’s restoration pace. As the track and field season begins with schools hosting house sports activities and top athletes and coaches wanting to prepare, the complex is found lacking,” External link

freeport Friday, January 27, 2017 9:28:00 PM EAT

Peter Turnquest alleged ( about Michael Darville ) : “He (Minister Darville) stated that Water and Sewage were checking for leaks, but that was not the facts,” External link

freeport Thursday, January 26, 2017 1:49:00 AM EAT

Peter Turnquest maintained : “They need to install a larger storage tank and preferably set it up to gravity feed the community. Presently, they use a pump to push the water from the storage through the lines, which is expensive and subject to fault,” External link

freeport Thursday, January 26, 2017 1:49:00 AM EAT

Peter Turnquest said : “It is not enough, assisting 350 persons is not nearly enough,” External link

tribune242 Thursday, January 26, 2017 1:15:00 AM EAT

Peter Turnquest said : “The voucher system in respect to Grand Bahama and speaking particularly for East Grand Bahama, residents are reporting that it is very difficult, if at all, that they are able to get vouchers. They have been assessed but it seems very slow in them getting any kind of assistance. I wonder what the system is, in respect to that and if there are any efficiencies that are affected in the short term,” External link

freeport Monday, January 23, 2017 9:50:00 PM EAT

Peter Turnquest said : “I believe that we are at the stage now, where those vegetative piles of debris are now being contaminated with hard materials, which is going to make it much more difficult to pick up,” External link

freeport Friday, January 20, 2017 12:03:00 AM EAT

Peter Turnquest said ( about Traffic Department ) : “The lack of proper planning and procurement in the Road Traffic Department is astounding and a spectacular failure on behalf of the Ministry of Transport and Aviation, as well as the Ministry of Grand Bahama,” “As this department is responsible for the administration of the road traffic licensing and inspection functions for which a fee is collected, we call on the government to provide value for money to the people of Grand Bahama who deserve first-class service in a modern society,” External link

tribune242 Friday, January 13, 2017 8:34:00 PM EAT

Peter Turnquest maintained : “This is an issue I have been instrumental in chasing. We have had some success, but further intervention is needed. At the end of the day, this plant has not been meeting the needs of the residents for quite some time and in addition to low pressure has had intermittent quality issues, rusty water, and high chlorine smell,” External link

freeport Thursday, January 5, 2017 12:10:00 AM EAT

Peter Turnquest stated : “For nearly five years this government has demonstrated hostility towards Bahamian workers, very rarely ever standing up for or, being on their side,” External link

tribune242 Friday, December 23, 2016 1:10:00 AM EAT

Peter Turnquest said : “We remain committed to improving their lives and conditions,” External link

tribune242 Friday, December 23, 2016 1:10:00 AM EAT

Peter Turnquest said : “We cannot and will not, concede to such a process, as it would be harmful to our party and our system of governance. The Bahamas prides itself on being a stable and well-organized system of government and the actions by these seven pose a threat to that reputation. It is unacceptable and must be rejected by all sensible citizens,” External link

freeport Tuesday, December 20, 2016 3:08:00 AM EAT

Peter Turnquest said ( about Branville McCartney ) : “Their requests were obviously unacceptable to the FNM. We are a national party intent on recapturing the government of the Bahamas. We are confident in our ability to win an election and we are not distracted by the imaginations of the DNA or Mr McCartney,” External link

tribune242 Monday, December 19, 2016 10:56:00 PM EAT

Peter Turnquest told : “The FNM is a unified, steady party,” External link

thenassauguardian Monday, December 12, 2016 6:05:00 PM EAT

Peter Turnquest said : “Bahamians will recall the minister of tourism’s frequent early pronouncements over four years ago of a slew of proposed new casino operators he had lined up to take over,” External link

thenassauguardian Monday, December 12, 2016 6:05:00 PM EAT

Peter Turnquest said ( about Liberal Parti ) : “Grand Bahamians and the nation will recall the insensitive, negative statements made by the PLP (Progressive Liberal Party) prior to the 2012 elections over the FNM’s support for the casino and its workers, which allowed many families to survive in an economically depressed time, to feed and support their families while sustaining economic activity on the island,” “Despite the cost, the FNM administration felt compelled to take the action it did in support of our only remaining casino as an important amenity of our tourism product and as a commitment and solemn act of solidarity with Grand Bahamians” External link

thenassauguardian Monday, December 12, 2016 6:05:00 PM EAT

Peter Turnquest said : “The details of the contract have not been made public nor have the details of the business plan been made public,” External link

tribune242 Thursday, December 8, 2016 12:13:00 AM EAT

Peter Turnquest said : “I don’t know why the meetings were cancelled, I imagine that we will meet on (December 7) when the House reconvenes and hopefully at that time they will present a proposal with respect to any realignment,” External link

tribune242 Friday, December 2, 2016 2:04:00 AM EAT

Peter Turnquest said : “I don’t think we have enough information at this point,” External link

tribune242 Friday, December 2, 2016 2:04:00 AM EAT

Peter Turnquest said : “It is curious that the attorney general would take that position when this is not an ordinary situation,” External link

tribune242 Friday, December 2, 2016 12:35:00 AM EAT

Peter Turnquest said : “Didn’t we just have to borrow millions? Where are they getting the money from?” External link

tribune242 Wednesday, November 30, 2016 11:33:00 PM EAT

Peter Turnquest said : “Many of us feel that we are at a tipping point in this country where our basic values are under assault from crime and joblessness resulting in a breakdown in society,” External link

tribune242 Monday, November 28, 2016 6:53:00 PM EAT

Peter Turnquest added : “Our middle class, the backbone of any democratic society is under serious pressure and we have seemingly yet to respond to the threats though we have seen them coming for years,” External link

tribune242 Monday, November 28, 2016 6:53:00 PM EAT

Peter Turnquest stated : “I have often said that in theory I have no difficulty in any foreign entity owning land in the Bahamas, particularly for a productive purpose. I think in modern day thinking on the issue, we prefer to lease rather than sell, with the lease payment being utilized to fund entrepreneurial education and financing,” External link

freeport Friday, November 25, 2016 11:02:00 PM EAT

Peter Turnquest claimed : “I think that is very dangerous to our future sovereignty and ability to make decisions solely in the interest of Bahamians,” External link

freeport Friday, November 25, 2016 11:02:00 PM EAT

Peter Turnquest warned : “We have to move past the prospects of just Jobs, though (they) obviously important, to ensuring and tying in entrepreneurial and educational opportunities as well. We must utilize our land wisely for the long term development and empowerment of our own people and help them to achieve more,” External link

freeport Friday, November 25, 2016 11:02:00 PM EAT

Peter Turnquest said : “We need to know how the money is being collected and spent, $852 million is not a small amount of money, especially when it is taken from ordinary families who worked hard for that money,” External link

tribune242 Friday, November 18, 2016 9:17:00 PM EAT

Peter Turnquest said : “The one time we need money to be spent to help Grand Bahama and Andros recover they say the money is in the bank. (Do) you think these people serious? And they say they care about people,” External link

tribune242 Friday, November 18, 2016 9:17:00 PM EAT

Peter Turnquest said : “There’s no way any government could guarantee the mortgage of any citizen in the Bahamas who finds himself in a difficult situation. We are aware that some institutions have been very inflexible about various aspects about this however. It may be that we need to address that through legislation although I’m in favour of a cooperative solution than punitive action. Ultimately, I continue to believe the way to provide mortgage relief is to ensure people have good paying jobs” External link

tribune242 Thursday, November 17, 2016 8:25:00 PM EAT

Peter Turnquest maintained ( about Liberal Parti ) : “The governing Progressive Liberal Party (PLP) assured us (FNM Official Opposition and Bahamian people) that those funds were in the hands of contractors,” External link

freeport Wednesday, November 16, 2016 12:42:00 AM EAT

Peter Turnquest said : “The repairs of these schools ought to be a priority for any government irrespective of any other damages that exists as we want our children to be properly educated in a wholesome environment, and a properly functioning school helps them to get past the trauma they experienced during and after the storm,” External link

freeport Wednesday, November 16, 2016 12:42:00 AM EAT

Peter Turnquest declared : “Today I am touring both schools, taking stock of the damages as well as the concerns of the teachers and faculty, and raise the issue nationally with our government to ensure that they understand people are watching, are in need of help and the pressure to get the job done will continue to be applied until we receive the proper kind of result that is desperately needed,” External link

freeport Wednesday, November 16, 2016 12:42:00 AM EAT

Peter Turnquest told : “If it is not going to have that economic growth for Bahamians in East Grand Bahama, then it doesn’t make sense to deprive Freeport of that consistent revenue that already exists,” External link

thenassauguardian Wednesday, November 9, 2016 11:18:00 PM EAT

Peter Turnquest said : “The types of experiences that tourists, particularly cruise tourists would be. interested in terms of eco-tourism activities, is adventure tourism opportunities and natural island communities that would interest them in terms of the authenticity and quaintness of the people and experience,” External link

thenassauguardian Wednesday, November 9, 2016 11:18:00 PM EAT

Peter Turnquest said : “There would be infrastructural requirements to facilitate the development because it means it would bring upgraded facilities and infrastructure to the entire east GB,” External link

thenassauguardian Wednesday, November 9, 2016 11:18:00 PM EAT

Peter Turnquest said : “A significant percentage of the employees come from Freeport. So, you have people from High Rock and Mclean’s Town who watch people come from Freeport all day while they go down to Freeport to try and find employment. That doesn’t make sense,” External link

thenassauguardian Wednesday, November 9, 2016 11:18:00 PM EAT

Peter Turnquest said : “No government should find itself in such a position and this is what is so egregious and concerning about the rumoured Chinese deal in Andros and all the significant stakes a foreign state owned operation has in our country,” External link

tribune242 Tuesday, November 8, 2016 10:12:00 PM EAT

Peter Turnquest said : “In his words, $200,000 donated by Hutchison Whampoa had been paid directly to contractors and the balance of $1.2 million was sitting in the bank waiting for him and his team to... help people who are struggling today,” External link

thenassauguardian Tuesday, November 8, 2016 8:11:00 PM EAT

Peter Turnquest added : “We really can’t afford that no matter how noble the cause. Hopefully he will not scrap it because there is a desperate need for catastrophic coverage. But this could provide an opportunity to rethink the formula and the plans,” External link

tribune242 Monday, November 7, 2016 7:26:00 PM EAT

Peter Turnquest said : “Our government brags about taking home $600 million in VAT, some $200 million more than budgeted, yet the debt has not gone down and they still have cash flow problems,” External link

tribune242 Thursday, November 3, 2016 7:00:00 PM EAT

Peter Turnquest said : “A one word response to that is asinine. It’s an asinine statement,” External link

tribune242 Wednesday, November 2, 2016 9:53:00 PM EAT

Peter Turnquest said : “Deflect and refuse to be held accountable, that is what Minister Shane Gibson is trying to do by accusing me and the FNM of not wanting to help Bahamians suffering in the aftermath of Hurricane Matthew,” External link

thenassauguardian Wednesday, November 2, 2016 7:27:00 PM EAT

Peter Turnquest said ( about Michael Darville ) : “I call on Minister Darville to publicly outline what he has spent and in what areas,” External link

thenassauguardian Tuesday, November 1, 2016 9:51:00 PM EAT

Peter Turnquest said : “There is no doubt in anybody’s mind that the issue of a national lottery was clouded and certainly dominated by the issue of web shops and the numbers games,” External link

thenassauguardian Tuesday, November 1, 2016 9:51:00 PM EAT

Peter Turnquest said : “The PLP government’s minster handpicked by Prime Minister Christie to head national hurricane relief efforts, Shane Gibson, stated last week among other questionable things, that the Minister for Grand Bahama Dr Michael Darville has spent near or over one million dollars on clean up on Grand Bahama Island within weeks since the aftermath of Hurricane Matthew,” External link

tribune242 Tuesday, November 1, 2016 6:52:00 PM EAT

Peter Turnquest said ( about Michael Darville ) : “Needless to say, Ministers Gibson and Darville must understand the international implications. Countries and groups from around the world are also pledging significant support to our nation’s relief efforts,” External link

tribune242 Tuesday, November 1, 2016 6:52:00 PM EAT

Peter Turnquest said : “The PLP government’s minster handpicked by Prime Minister Christie to head national hurricane relief efforts, Shane Gibson, stated this past week among other questionable things, that the Minister for Grand Bahama Dr Michael Darville has spent near or over one million dollars on clean up on Grand Bahama Island within weeks since the aftermath of Hurricane Matthew,” External link

tribune242 Monday, October 31, 2016 10:18:00 PM EAT

Peter Turnquest added : “Not surprising, this uncaring and incompetent government has yet to offer a comprehensive and transparent plan to execute its hurricane relief efforts,” “While hundreds of Bahamians impacted by the storm continue to complain about being ignored or bypassed for political reasons, we commend civil servants, civic clubs, community groups and corporate Bahamas for all their respective initiatives. The government must now offer clear-cut details inclusive of where funds are being distributed” External link

tribune242 Monday, October 31, 2016 10:18:00 PM EAT

Peter Turnquest said : “I think that the government has to come clean as to what they gave up,” External link

tribune242 Friday, October 28, 2016 12:26:00 AM EAT

Peter Turnquest added : “For instance if it's West End, rebuilt homes should be elevated to account for the storm surge and roofs strapped down and shingles possibly sprayed with a material that will help hold the shingles in place. This material seemed to work well on the roofs that it had been applied to,” External link

thenassauguardian Friday, October 21, 2016 9:26:00 PM EAT

Peter Turnquest said : “We have a current national debt of almost $7 billion today and 85 percent public debt to GDP, which has an impact on our cost of borrowing and our ability to attract quality investments,” External link

thenassauguardian Friday, October 21, 2016 9:26:00 PM EAT

Peter Turnquest said : “It is clear that this PLP Government is a tax and spend government, lacking in fresh ideas, fiscal discipline and concern for the average Bahamian family’s increase in cost of living brought on by VAT and other taxes implemented in the last four and half years,” External link

thenassauguardian Wednesday, October 19, 2016 10:09:00 PM EAT

Peter Turnquest said : “I am nonetheless hopeful that all of the aforementioned will rebound and pick up steam,” External link

thenassauguardian Friday, October 14, 2016 6:04:00 PM EAT

Peter Turnquest told : “With power likely to be out for days if not weeks, commerce will be stagnant, affecting many as a result,” External link

thenassauguardian Tuesday, October 11, 2016 4:32:00 PM EAT

Peter Turnquest added : “Stop-over visitors are down and the effects of the all-inclusive concept are permeating throughout the island,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest said : “This must be done urgently as we are losing our road due to erosion and once that happens, the properties on the front road will follow,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest noted : “We need the new hospital promised and not in the limited space we understand has been selected. We can do better,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest maintained : “This created an unfair and political process where participation is primarily from two constituencies and from a special kind of family. This is unfair to the many young Bahamians who would ordinarily qualify for this program and would excel if given the opportunity,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest said : “Additionally, when you have an increase in interest payments at a rate higher than GDP growth, you have a problem. I fear we are at that point,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest suggested : “We need a Family Island Tourism Agenda rather the two fly and flies free Vincent Vanderpool’s model, we need to identify a reason for being. What the Family Islands need is their own identity and marketing maybe we can use the Cuban model of allowing native Family Islanders to open their homes to tourists allowing them the opportunity to ease into the hospitality industry,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest said : “Mr. Speaker, the Bahamian people have had enough and they are ready to move on. When one reviews the PLP’s Charter of Governance, the record of failed promises is extensive and growing. We expect no better over the course of the next year and this budget gives us no reason to expect better. Mr. Speaker, it is a matter of trust,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest said : “We also call upon them to revisit those contracts that are clearly overpriced, such as the Junior High School slated for West Grand Bahama. The Bahamian tax payer can no longer bear the burden of individuals being repaid for political loyalty and patronage, the tax burden is just too great and we will sink under the weight of additional taxation necessary to meet debt obligations,” “There is a limit to our capacity where an increasing percentage of government taxes are spent on debt financing rather than repayments and investment,” External link

thenassauguardian Tuesday, October 4, 2016 4:48:00 PM EAT

Peter Turnquest said : “His contributions to our party have been consistent and tangible, particularly to our candidates in West Grand Bahama and Bimini,” External link

tribune242 Tuesday, October 4, 2016 12:05:00 AM EAT

Peter Turnquest said : “Jeff will be missed by all of us and we thank him and his family for his contributions to our party, our community and our country,” External link

tribune242 Tuesday, October 4, 2016 12:05:00 AM EAT

Peter Turnquest said : “I do want to caution restraint on behalf of the unions because at the end of the day while any planned negative action will have an effect, that effect can have long term consequences for themselves and for the country,” “And so, we want to be very careful with any strike kind of action and any go slow kind of action, because we don’t want to jeopardize this very tenuous economy that we have today” External link

thenassauguardian Friday, September 30, 2016 4:52:00 PM EAT

Peter Turnquest suggested : “We must understand that in order to properly spur development in this competitive environment we find ourselves in, together with the international pressures on our financial services sector, we have to build a suite of incentives and products that attracts the best and brightest locals and international investor interest,” External link

freeport Friday, September 30, 2016 12:14:00 AM EAT

Peter Turnquest alleged : “So, while small Bahamian and large land holding Licensees of the Port are now required to provide business plans in order to receive real property tax exemptions, the largest offenders get off scot-free,” External link

freeport Friday, September 30, 2016 12:14:00 AM EAT

Peter Turnquest stated ( about The Deputy ) : “The medium and long-term risks have not been calculated, nor has the reality that such imposition will result in double taxation of Port Area residents and businesses as they pay both Real Property Tax and Port Authority service charges,” External link

freeport Friday, September 30, 2016 12:14:00 AM EAT

Peter Turnquest told : “Once again the government has launched the country's fiscal situation into chaos with unplanned and unexplained spending that has added to the growing fiscal deficit and ballooning national debt,” External link

thenassauguardian Wednesday, September 28, 2016 5:36:00 PM EAT

Peter Turnquest said : “It is obvious from the reported results that neither the government nor the commission learned a thing. They have once again wasted the Bahamian people's hard earned tax dollars on a pig in a poke,” External link

thenassauguardian Wednesday, September 28, 2016 5:36:00 PM EAT

Peter Turnquest said : “I think an investigation needs to be had to determine what exactly is going on with carnival and the BNFC. Absolutely, I think we have to look at last year and this year and determine how the government worked out these numbers because these figures come across as a design to lead the public to a pre-set conclusion,” “The Bahamian people go in to this festival with expectations, and now, it is clear that our expectations and theirs don’t hold up. Now they are saying $8.1 million was the final spend (from the government). Well I’m saying that all of that or part of it could have gone to alleviate many of these problems we are facing in this country,” External link

tribune242 Wednesday, September 28, 2016 5:22:00 PM EAT

Peter Turnquest said : “With only months remaining in office, it has become even more clear that this is a government big on promises and plans, but produces very little or in most cases, nothing,” External link

tribune242 Friday, September 23, 2016 11:40:00 PM EAT

Peter Turnquest told : “It cannot be a political process where the politicians are in control of who gets care and who joins the back of the line. This is a complex area and nothing to be rushed into, lest we mess up a bad system even more and continue to run up an unsustainable debt,” External link

thenassauguardian Friday, September 23, 2016 11:07:00 PM EAT

Peter Turnquest said ( about National Health ) : “This government's botched National Health Insurance initiative and failure to deliver a new hospital for Grand Bahama serves as further evidence of a lack of commitment related to quality health care for Grand Bahama residents and Bahamians, generally,” External link

freeport Friday, September 23, 2016 12:36:00 AM EAT

Peter Turnquest said : “I don’t know who would have commissioned the polls, but certainly the numbers are encouraging at this stage, given that we have not started our substantive campaign yet. But it’s very encouraging the numbers that are represented,” External link

thenassauguardian Tuesday, September 20, 2016 8:49:00 PM EAT

Peter Turnquest said : “The minister must be made to account for this unbelievable overrun and where not substantiated, made to return those funds to the Treasury forthwith. It must be apparent to all.... that this government is reckless and unapologetic in its blatant disregard for proper fiscal planning and control,” “The arrogance and uncaring conduct of ministers and the many seemingly inflated contracts being given to cronies is proof that this government cannot be trusted and has lost all respect and moral right to govern. The secrecy in which they conduct the Bahamian people’s affairs speaks to a larger issue of government’s disregard for the need to be transparent, accountable and responsible” External link

tribune242 Monday, September 19, 2016 6:22:00 PM EAT

Peter Turnquest added : “Focus on excellence and the task at hand. Do well!” External link

freeport Thursday, September 15, 2016 10:28:00 PM EAT

Peter Turnquest said : “With regard to the unfair label applied to The Bahamas as a tax haven, it should be widely noted by all of our international partners that the effective tax rate in The Bahamas is in excess of 40 percent, and while the effective rate on international financial services clients may be significantly lower, nonetheless these clients are subject to one of the most robust AML/CTF (anti-money laundering and counter-terrorism financing) regulatory environments and international best practice jurisdictions anywhere, as evidenced by the satisfactory results of successive peer reviews,” External link

thenassauguardian Thursday, September 15, 2016 2:17:00 AM EAT

Peter Turnquest said ( about Baha Mar ) : “If the only people being paid by the Claims Committee are those with contracts with Baha Mar, why is CCA involved in this committee? Why are they there and adjudicating claims? If creditors were making claims on them I could see them being involved to verify the claims but if the claims process doesn’t involve them then I don’t see why they would be there. More and more this whole thing looks like an irregular, ad-hoc, side arrangement between the government and the bank” External link

tribune242 Thursday, September 8, 2016 9:54:00 PM EAT

Peter Turnquest said : “So far it seems that all they have done is engage in a lot of hocus pocus leaving many Grand Bahamians and mature, veteran business owners searching the halls of their memories to reflect upon the days when on any given night a person could find entertainment, quality restaurants, activity and opportunities to grow and develop a career as opposed to just having a job,” External link

freeport Wednesday, September 7, 2016 12:37:00 AM EAT

Peter Turnquest said : “So we need to rethink what we are going to do with that property aside from the PLP-led government promoting that the reopening of the road would cause the redevelopment of the area,” External link

freeport Wednesday, September 7, 2016 12:37:00 AM EAT

Peter Turnquest said ( about Mr Johnson ) : “You can only do as much as people are transparent with you. As much as they are willing to concede and to provide information, that dictates what we are able to do. We do a very thorough vetting process to ensure people are financially capable and are of good character and sometimes circumstances just change in their lives. In this particular instance (of Mr Johnson), circumstances changed for multiple reasons that reflect the personal outlook of the candidates. You have to respect that and honour that. I’m proud of these men and see them as patriotic Bahamians for having stepped forward out of a desire to serve their country” External link

tribune242 Tuesday, September 6, 2016 10:34:00 PM EAT

Peter Turnquest said : “Being involved in politics involves a lot of personal sacrifice,” External link

tribune242 Tuesday, September 6, 2016 10:34:00 PM EAT

Peter Turnquest said : “The members of the government will have to dictate whether additional seats are necessary. Some of the geography really does not work. But we have to come at this with a practical point of view and a financial point of view recognising that every seat is another $50,000 added to the public expenditure roll so we want to be very careful” External link

tribune242 Wednesday, August 31, 2016 11:18:00 PM EAT

Peter Turnquest said ( about Leslie Miller ) : “There is a vast gulf between what Leslie Miller said and what the prime minister certainly implied,” External link

tribune242 Tuesday, August 30, 2016 10:52:00 PM EAT

Peter Turnquest asked : “How much is less and does it matter? Did we make money or did we piss away millions again?” External link

tribune242 Tuesday, August 30, 2016 9:19:00 PM EAT

Peter Turnquest said ( about Hubert Minnis ) : “There had to be more to the story than just Renward Wells,” “The recent revelation proves the fact that Cabinet was aware. As to details of that, I don’t know but the government has the obligation to disclose and to be clear. Dr Minnis called for an investigation into that and nothing has changed in that regard. People believe that because Wells is now an FNM something has changed, but that’s not the case. If there is wrongdoing it should be uncovered and disclosed. It’s obvious government knows more and knew more than they have said and that they have a duty to say” External link

tribune242 Monday, August 29, 2016 8:44:00 PM EAT

Peter Turnquest said : “I take note of the minister of state for finance’s assessment of the downgrade in that we are fortunate that we did not receive a double downgrade to junk status,” External link

tribune242 Friday, August 26, 2016 10:49:00 PM EAT

Peter Turnquest said : “Not many people will take on an unfinished project,” External link

tribune242 Wednesday, August 24, 2016 9:21:00 PM EAT

Peter Turnquest said : “The reality is what you’re seeing is an evolving country and party,” External link

tribune242 Tuesday, August 23, 2016 12:26:00 AM EAT

Peter Turnquest said : “We’re talking about government getting involved in a private entity,” External link

tribune242 Wednesday, August 10, 2016 10:38:00 PM EAT

Peter Turnquest said : “I thought the comments were on the edge, but he (Mr Moss) being an officer of the court I thought he knew what he was doing. I was little uncomfortable with that” External link

tribune242 Wednesday, August 10, 2016 12:01:00 AM EAT

Peter Turnquest asserted : “The Grand Bahama ecomony has declined tremendously and instead of giving incentives to further expand or grow the economy this government is seeking to further tax it to cause a sell-off,” “This Bill will not bring about the level of of investment that we seek or we need in Grand Bahama because it does not affect the major offender of this so-called land banking. What it can do is to force a sell off,” External link

tribune242 Tuesday, August 9, 2016 11:06:00 PM EAT

Peter Turnquest said : “He is a bright young man who has a future in our party and in politics and he’s certainly capable of handling this assignment,” External link

tribune242 Tuesday, August 9, 2016 9:07:00 PM EAT

Peter Turnquest said : “Well, Renward is a very qualified individual and is a very learned individual,” “He is very capable and we believe he will do a fantastic job” External link

thenassauguardian Tuesday, August 9, 2016 5:38:00 PM EAT

Peter Turnquest said : “I think that the course that he is on at the moment,” External link

tribune242 Friday, August 5, 2016 9:31:00 PM EAT

Peter Turnquest said : “I challenge Mr. Cash to show on any time or anywhere that he has ever heard Dr. Minnis, Peter Turnquest, [FNM Chairman] Sidney Collie or any of our officers of this party mention or raise the issue of race,” External link

thenassauguardian Friday, August 5, 2016 5:03:00 PM EAT

Peter Turnquest said ( about Hubert Minnis ) : “What Dr.Minnis has spoken to is the need for us to look at various communities to see how we can strengthen them and how we can incentivize them for further development,” External link

thenassauguardian Friday, August 5, 2016 5:03:00 PM EAT

Peter Turnquest told : “As I have said the Prime Minister lacks credibility on this issue having announced a number of restarts,” External link

tribune242 Wednesday, August 3, 2016 9:44:00 PM EAT

Peter Turnquest said : “The reality is no matter what happens its going to take a while for this to be done,” “Depending on what status the restart is at there may be some sensitivity involved in terms of the negations so I don’t want to prejudge that. However, at the end of the day, the Prime Minister has an obligation to deliver since he has inserted his government in it and keep the Bahamian people informed especially those who have a vested interest in terms of existing jobs and the creditors” External link

tribune242 Wednesday, August 3, 2016 9:44:00 PM EAT

Peter Turnquest said : “Those who were successful and those who weren’t. We need everyone on board. We are working to ensure that all members recognise they have a role to play and it is important to present a full team to the public,” External link

tribune242 Wednesday, August 3, 2016 9:44:00 PM EAT

Peter Turnquest said : “As far as I’m concerned the ministry would have very little to do with that report,” External link

tribune242 Tuesday, August 2, 2016 9:16:00 PM EAT

Peter Turnquest said : “It is a matter of respect,” External link

jonesbahamas Friday, July 29, 2016 7:29:00 PM EAT

Peter Turnquest said : “This is not about us and them, but a rising tide for all of us together,” External link

thenassauguardian Friday, July 29, 2016 5:02:00 PM EAT

Peter Turnquest added : “We also propose a fiscal rule where these large, unexplained contingent amounts we see in the annual budgets are reduced or eliminated,” External link

thenassauguardian Friday, July 29, 2016 5:02:00 PM EAT

Peter Turnquest told : “It’s a matter of respect. We can disagree with each other. We can take different positions. We have to remember that at the end of the day we have nothing if we don’t respect each other,” External link

thenassauguardian Friday, July 29, 2016 5:02:00 PM EAT

Peter Turnquest told : “A lot of statements have been made and so once the convention is done, we are going to see where they are at, whether they are willing to participate with us as a team,” External link

thenassauguardian Thursday, July 28, 2016 4:43:00 PM EAT

Peter Turnquest said : “I’m not sure as to where exactly she would have gotten that impression,” External link

thenassauguardian Thursday, July 28, 2016 4:43:00 PM EAT

Peter Turnquest said : “Certainly he has a very valuable role to play as a statesman and as a senior member of our party and we will take advantage of the talents and experiences he has. However we can only take him at his word for the moment,” External link

jonesbahamas Tuesday, July 26, 2016 10:18:00 PM EAT

Peter Turnquest said ( about Liberal Parti ) : “I believe once we have decided who will be leading us into the next general election, the party will rally around that person and we will unite in a common cause to defeat this Progressive Liberal Party and to rescue this country from the destructive path that it has been on for the last four years,” External link

jonesbahamas Tuesday, July 26, 2016 10:18:00 PM EAT

Peter Turnquest said : “Certainly he has a very valuable role to play as a statesman and as a senior member of our party and we will take advantage of the talents and experiences he has. However we can only take him at his word for the moment,” External link

jonesbahamas Tuesday, July 26, 2016 6:21:00 PM EAT

Peter Turnquest said ( about Liberal Parti ) : “I believe once we have decided who will be leading us into the next general election, the party will rally around that person and we will unite in a common cause to defeat this Progressive Liberal Party and to rescue this country from the destructive path that it has been on for the last four years,” External link

jonesbahamas Tuesday, July 26, 2016 6:21:00 PM EAT

Peter Turnquest said : “That’s the most asinine statement somebody could make,” External link

tribune242 Thursday, July 21, 2016 11:28:00 PM EAT

Peter Turnquest said : “Be that as it may, having not had the opportunity to give any input, we have to be hopeful that the government is successful in its efforts to allay the concerns of the ratings agencies,” External link

tribune242 Thursday, July 21, 2016 11:28:00 PM EAT

Peter Turnquest said : “It was agreed that the two leadership contenders at the time along with the party, that they would try to raise the money necessary to hold the convention,” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said : “I was sorely annoyed that this is the best we have for a significant threat to our way of life and the value of our investments. Basically, it is a bit late to be basing our economic future on ‘hope’. Hope is not a strategy, nor does it engender confidence that the government is confident of its position and economic plan,” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said ( about Baha Mar ) : “It is time to refocus the prime minister’s and country’s efforts to more productive, achievable pursuits and controllable gains, while keeping the pressure on the stakeholder parties to get a reasonable deal done on Baha Mar for the benefit of the Bahamian people,” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said : “stands as a testament to the dangers of building a future based upon someone else’s rain and sunshine” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said : “Things have steadily gotten worse and now the prime minister says he thought the backup generators were ordered. Who exactly is in charge here and when will heads roll? The FNM demands answers and the Bahamian people deserve relief!” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said : “We were promised a business plan from BPL over a year ago and today we are no closer or it is a state secret, despite having cost the Bahamian taxpayer over $900,000. The FNM demands an explanation and the Bahamian people demand relief,” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest declared ( about Association ) : “Undoubtedly, we all should partner with organizations like the Scouts Association of The Bahamas (Grand Bahama District) whose job is to instill in our youth good traditional values, discipline as well as the importance of giving back to the community ultimately developing better citizens,” External link

freeport Thursday, July 21, 2016 12:02:00 AM EAT

Peter Turnquest said : “Again this is a non-profit organization so every dollar goes back into it therefore, we urge corporate Bahamas as well as those who can to donate to the association and its efforts, as the more resources it has the more it is able to help instilling, guiding, molding and shaping the character and behaviors of these youngsters,” External link

freeport Thursday, July 21, 2016 12:02:00 AM EAT

Peter Turnquest said : “If we are to grow as a country, we need to recognize our full potential as a maritime destination. We are training and equipping our people. The work we are doing in exposing our captains and our seamen is incredibly valuable, as many of us believe the maritime industry is the way forward,” External link

freeport Tuesday, July 19, 2016 1:14:00 AM EAT

Peter Turnquest said : “Just because you were a delegate in previous years does not mean that you will be a delegate this year,” External link

tribune242 Monday, July 18, 2016 11:00:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
minister of finance4.30%EN10/07/201707/10/2017
minister1.61%EN10/06/201706/10/2017
mp15.59%EN09/11/201711/09/2017
minister for finance0.54%EN06/07/201707/06/2017
leader61.29%EN05/16/201716/05/2017
shadow minister of finance6.99%EN03/09/201709/03/2017
deputy8.06%EN03/02/201702/03/2017
chairman0.54%EN11/04/201604/11/2016
shadow minister for finance0.54%EN09/12/201612/09/2016
free national movement deputy leader0.54%EN07/05/201605/07/2016
Names Lang Count
Peter TurnquestEN100.00%


 
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AfricaBrief

Peter Turnquest

Last updated on 2017-10-09T13:10+0300.

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Peter Turnquest said : “This underscores the importance of having in place effective, fair and efficient procurement arrangements, to ensure that the best value is obtained for the monies being spent,” External link

thenassauguardian Wednesday, April 27, 2022 4:44:00 PM EAT

Peter Turnquest said : “In my observation of the three sites that were set up to stage the debris before it was moved on to its final disposal site, all three sites were very well organized, very well laid out and materials were in fact separated … that is, the white waste, the vegetation, the other solid waste as well as the vehicles,” External link

thenassauguardian Friday, February 11, 2022 8:11:00 PM EAT

Peter Turnquest said : “The former FNM administration brought stability to the economy of Grand Bahama after [Hurricane] Dorian and the onset of the pandemic shortly thereafter,” External link

thenassauguardian Tuesday, December 14, 2021 4:09:00 PM EAT

Peter Turnquest said : “You have to hope that all of your cards are going to line up perfectly, that everything goes as planned for this plan that the government has put forward to really work in favor of the Bahamian people,” External link

thenassauguardian Wednesday, December 8, 2021 4:17:00 PM EAT

Peter Turnquest said : “They are correct. This matter has dragged on for way, way, way too long,” External link

thenassauguardian Monday, November 1, 2021 9:16:00 PM EAT

Peter Turnquest said : “This billion dollars that they’re talking about, it cannot be that you go out and search for a billion dollars for an obligation that does not fall due within this fiscal year and then say the government has not recognized this liability,” External link

thenassauguardian Monday, November 1, 2021 9:16:00 PM EAT

Peter Turnquest said : “This bill is extremely worrisome to me as it is inherently discriminatory on many fronts, though well-intentioned,” “Every citizen of The Bahamas is an equal taxpayer and has an inalienable right to enjoy equal benefits provided by the state” External link

thenassauguardian Wednesday, June 16, 2021 10:07:00 PM EAT

Peter Turnquest said : “Firstly, let me say that I believe there is no reason for us to be alarmed, as the G7 statement issued is one of general agreement on an intention that still requires tremendous work and sign-off by the entire G20, after which, technicalities and time lines will have to be worked out,” External link

thenassauguardian Friday, June 11, 2021 6:20:00 PM EAT

Peter Turnquest said : “With such a globally accepted minimum, The Bahamas could put itself in the game to attract large multinational corporations that are currently domiciled afar due to tax treaties,” External link

thenassauguardian Friday, June 11, 2021 6:20:00 PM EAT

Peter Turnquest said : “It clearly says in the act that it must be a citizen,” External link

thenassauguardian Thursday, December 17, 2020 4:47:00 PM EAT

Peter Turnquest asked : “Does that mean that spousal permit holders and permanent residents are likewise excluded from being able to fish?” “And if that is, in fact, the case, how do we square that with the constitution and with general human rights, because I would think that any…spouse of a Bahamian should have a right to help support their family, whatever their skill is” External link

thenassauguardian Thursday, December 17, 2020 3:45:00 PM EAT

Peter Turnquest said : “My party’s chance of winning the next election, I think, is good,” “No administration goes without some challenges but if you weigh it in the balance, I think that we’ve done some good work in the last three years and we’ll see what happens when the time comes” External link

thenassauguardian Thursday, December 10, 2020 4:06:00 PM EAT

Peter Turnquest said : “I think you guys have known me for at least eight years now, most of you, and I think that you know that I am focused on what I do and I’m very disciplined about what I do,” External link

thenassauguardian Wednesday, November 25, 2020 11:11:00 PM EAT

Peter Turnquest said : “We have accelerated our legislative reforms to strengthen the country’s fiscal framework and we are following through on structural reforms in the coming months to significantly strengthen accountability and transparency in fiscal and procurement matters,” “We cannot forget that the Bahamian economy is experiencing unprecedented shocks from two catastrophic external events. Nevertheless, we remain confident in the economy’s ability to rebound and our commitment to restoring fiscal balance over time” External link

thenassauguardian Tuesday, November 17, 2020 4:17:00 AM EAT

Peter Turnquest said : “We have accelerated our legislative reforms to strengthen the country’s fiscal framework and we are following through on structural reforms in the coming months to significantly strengthen accountability and transparency in fiscal and procurement matters,” External link

thenassauguardian Saturday, November 14, 2020 2:30:00 AM EAT

Peter Turnquest said : “A vaccine looks promising based upon the latest news, but success is based also on our own ability to manage the spread of infections in the community, as that is critical to the tourism sector in particular,” External link

thenassauguardian Thursday, November 12, 2020 1:18:00 PM EAT

Peter Turnquest said : “We want to be careful we do not over extend ourselves in the international markets at this time, because those rates will burden our recurrent budget for several years to come, as well as potentially set us up for a situation that is unsustainable in the long term,” “We want to manage that international exposure as best we can. We did go out a little heavier than we normally would in the international market this year to try and support the currency peg in the event that something seriously bad happens” External link

thenassauguardian Thursday, November 12, 2020 1:18:00 PM EAT

Peter Turnquest said : “We predict that we still have a long way to go to recover sufficient economic and employment ground, but it is definitely a start in the right direction,” “Certainly we look forward to the early results as we are mindful of the potential positive economic and fiscal impact” External link

thenassauguardian Saturday, November 7, 2020 1:11:00 PM EAT

Peter Turnquest said : “These may take the form of pyramid schemes, Ponzi schemes and advance-fee schemes, among others and many of them have plagued unsuspecting Bahamians for generations. Further, these schemes are fundamentally detrimental to investors and the public,” External link

thenassauguardian Friday, November 6, 2020 1:46:00 PM EAT

Peter Turnquest said : “As a part of the development of the bill, the commission aimed to hone its understanding of the financial and corporate services industry and in particular, the financial services that were being provided in The Bahamas. Among the things the commission observed was increasing non-bank financial services activities, such as offering loans to the public, payday advance services and retail businesses self-financing consumer goods,” “These all had implications for proper industry oversight to ensure that the consumers of these financial services were not abused and had appropriate protections under the law. Related to this, the commission also observed the continuing trend of scammers seeking to defraud Bahamians of their hard-earned money through unscrupulous financial schemes, with little legal recourse” External link

thenassauguardian Friday, November 6, 2020 1:46:00 PM EAT

Peter Turnquest said : “Moody’s assertion is based upon their analysis, the basis for which we do not have access to,” “We have presented a budget calling for $1.3 billion, the allocation of which we have outlined in the budget. Our forecast is based upon publicly stated assumptions and priorities. At this point we do not anticipate exceeding that projection” External link

thenassauguardian Thursday, October 29, 2020 1:00:00 PM EAT

Peter Turnquest said : “The deficit represents net financing needs which the government disclosed,” External link

thenassauguardian Thursday, October 29, 2020 1:00:00 PM EAT

Peter Turnquest said : “The government of The Bahamas regrets these decisions, particularly as it relates to employee redundancies, however we will work with these institutions and affected communities to develop alternative financial solutions,” External link

thenassauguardian Thursday, October 29, 2020 1:00:00 PM EAT

Peter Turnquest told : “The remaining borrowing in our borrowing envelope approved by Parliament is roughly $400 million. Our intention is to gather those funds in the domestic market if it becomes necessary to access additional financing,” External link

thenassauguardian Tuesday, October 27, 2020 1:13:00 PM EAT

Peter Turnquest explained : “It should be noted that it is customary to seek critical mass in terms of large financing requirements with a capital market transaction, given that the size of our financing requirement is not typically what commercial banks or International Financial Institutions (IFIs) are willing or able to meet directly,” External link

bahamas-gov Sunday, October 25, 2020 11:27:00 AM EAT

Peter Turnquest said : “Despite the interruption in our fiscal consolidation objective, the government is undeterred in its commitment to pursue a credible fiscal policy, achieve debt sustainability and to pursue the structural reforms that would release a strong level of economic growth,” External link

thenassauguardian Tuesday, October 13, 2020 4:07:00 PM EAT

Peter Turnquest said : “The Government’s debt activities are understandably of great public interest and the legislative reform will strengthen the Government’s capacity to manage public debt effectively and provide mechanisms for more transparency and public accountability. It will bring about some long overdue changes like modernizing the issuance of Government securities and establishing a framework for Government lending and granting of guarantees,” External link

bahamas-gov Friday, October 9, 2020 5:46:00 PM EAT

Peter Turnquest said : “The Financial Administration and Audit Act, 2011 (FAA) is a very outdated framework for public financial management. It does not have provisions governing cash management and forecasting and it has inadequate provisions for public entity accountability, in-year fiscal reporting requirements and even on the specification of roles and responsibilities for fiscal management,” External link

bahamas-gov Friday, October 9, 2020 5:46:00 PM EAT

Peter Turnquest said : “We invite and encourage the public to visit the Ministry of Finance website ( www.bahamas.gov.bs/finance ) to view the legislation and to provide feedback during this period of public consultation,” External link

bahamas-gov Friday, October 9, 2020 5:46:00 PM EAT

Peter Turnquest stated : “Not only because of the direct investments made through government-sponsored grants, loans, and equity financing, but more importantly because the Access Accelerator has strengthened the entire entrepreneurial ecosystem. It has created a structure to support a culture of entrepreneurial risk taking,” External link

bahamas-gov Thursday, October 8, 2020 7:11:00 PM EAT

Peter Turnquest said : “We recognized that for some of our constituents, they may not be able to come up with the requirements for the traditional way of funding a business,” “And some of them don’t require much. They don’t really need credit, they just need a little boost. So we have refined the program such that we will be able to grant small capital injections into these businesses to get them started with the basic requirements that they may need in order to start new businesses” External link

thenassauguardian Thursday, October 8, 2020 11:36:00 AM EAT

Peter Turnquest said : “It is unrealistic to think we’ll get away from it, the reality is The Bahamas has been dependent on tourism since before independence,” “Again, there is no quick solution and anyone that’s telling you that is selling you a dream. There is no quick solution but discipline, patience, smarts, vision will get us there” External link

thenassauguardian Wednesday, September 23, 2020 10:03:00 PM EAT

Peter Turnquest said : “Less than one percent of those new infections came from foreigners,” External link

thenassauguardian Wednesday, August 26, 2020 2:44:00 PM EAT

Peter Turnquest said : “Even with the tax breaks, many people will still need the support of the broader community, so we continue to encourage and celebrate those who have been rallying together to support their neighbors, family members, friends and even strangers,” External link

thenassauguardian Tuesday, August 25, 2020 11:58:00 PM EAT

Peter Turnquest said : “They will have to take advantage of the opportunity to help their country…to get through this period so that we can reopen again and everybody could go back to whatever the new normal happens to be,” External link

thenassauguardian Friday, August 21, 2020 2:20:00 PM EAT

Peter Turnquest told : “It’s not their fault. With respect to all of those items, as you know we’ve had some difficulty in getting some entities to formally enter in wholesale agreement for the deferrals or forbearances of the various loan payments or insurance premiums or the rest of it. We continue to work with them and encourage them to extend every kind of opportunity for individuals to defer their payments and continue with their mortgages or insurance premiums, knowing the difficulties that we all face and not wanting to have to add that additional stress to our citizens and residents at this time,” External link

thenassauguardian Wednesday, August 19, 2020 4:30:00 PM EAT

Peter Turnquest said : “We all know what happened when we opened the borders,” External link

thenassauguardian Monday, August 17, 2020 2:32:00 PM EAT

Peter Turnquest said : “Meaning, whereas we allowed people to freely travel in the last opening to come back if they were only gone for a day or two, to come back without a test, obviously that is not acceptable going forward,” External link

thenassauguardian Monday, August 17, 2020 2:32:00 PM EAT

Peter Turnquest said : “We certainly pray that there are no storms this year,” External link

repeatingislands Friday, July 10, 2020 7:15:00 PM EAT

Peter Turnquest said : “We certainly pray that there are no storms this year,” External link

nytimes Tuesday, July 7, 2020 5:06:00 AM EAT

Peter Turnquest said : “We certainly pray that there are no storms this year,” External link

nytimes Saturday, July 4, 2020 1:02:00 PM EAT

Peter Turnquest said : “The prime minister has engaged the Economic Recovery Committee, which is tasked to think outside the current circumstance, as well as what we have forecast through the end of this fiscal year to be the circumstances as a result of the virus and assuming that we might have moderate to slow recovery from that crisis,” “We anticipate this committee will bring back some recommendations that we’ll be able to execute in the medium to short term…so, non-traditional activity. But in the longer term, to help us to visualize and to conceptualize what the restructuring of this economy could look like if tourism takes longer than we anticipate to rebound” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “We may be shifting from the traditional big volume, big box tourism,” “We are seeing a move to a more specialty product; a more indigenous product which we anticipate will have an even more impactful benefit to Bahamians” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “We anticipate 500 entities, new business persons and entities that we have been successful in funding,” “We anticipate they will carry some of the load through this interim to stimulate economic activity while awaiting tourism” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “We hope to have that done next week, so that they can start to do their work in earnest and work at whatever technical issues there are in respect to that,” “So we look forward to the report, as again we have been a very open, transparent and cooperative government, particularly in the Ministry of Finance, with respect to financial affairs” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “We don’t control their assessments and we’ll see how they score it (2020/2021 budget),” External link

thenassauguardian Thursday, July 2, 2020 3:06:00 PM EAT

Peter Turnquest said : “fair-minded Bahamians know that our current state of fiscal affairs is a result of these external shocks and not because of our performance as a government” External link

thenassauguardian Monday, June 29, 2020 4:25:00 PM EAT

Peter Turnquest added : “These are not easy times. There are not likely to be easy times for the next couple of months, but together we can get through this. Together, with neighbour helping neighbour, the government providing its support, we will all come through this stronger and better, more resilient than we went into it,” External link

bahamas-gov Thursday, June 25, 2020 5:02:00 PM EAT

Peter Turnquest said : “Want to thank all of you professionals for the sacrifices, and thank your families for the sacrifices that you make on behalf of all of us. Certainly we will do our best to ensure that you have all of the tools that you need in order to deliver the professional services that you deliver in comfort and with confidence and respect of your clients and all that you serve,” External link

bahamas-gov Thursday, June 25, 2020 5:02:00 PM EAT

Peter Turnquest said : “In respect to all state-owned enterprises, we have commissioned a study, consultancy with one of the large accountant firms that has been completed,” External link

thenassauguardian Thursday, June 25, 2020 4:54:00 PM EAT

Peter Turnquest added : “I too would like to thank the Department of Social Services for the tremendous effort that they have been making not only to address the Hurricane Dorian challenges, but also this new COVID-19 experience which has brought tremendous hardship to even more of our citizens both here in Grand Bahama and the northern Bahamas, but also throughout The Bahamas and so the effort that you are making certainly has not gone unnoticed,” External link

bahamas-gov Thursday, June 25, 2020 12:56:00 AM EAT

Peter Turnquest said : “We want to certainly empathize with those citizens who have to wait in those long lines, particularly on the outside, as it is getting into the summer months when we know that it becomes even more uncomfortable,” External link

bahamas-gov Thursday, June 25, 2020 12:56:00 AM EAT

Peter Turnquest added : “Notwithstanding the technology though, we do understand that this is a people’s business and so the personal touch from the professionals at the Department of Social Services will still be available to continue to go out into the community and touch people, one-on-one, because there are a lot of people who need services - whether it’s counseling services or financial or other assistance - that may not want to come to Social Services because of whatever perceptions there may be or because they are unable to make it,” External link

bahamas-gov Thursday, June 25, 2020 12:56:00 AM EAT

Peter Turnquest said : “It is very much a recent, current, live debate that is being conducted by the global tax forum, of which we are a part, and we’ll see how it shakes out. But it is a complex issue and something that we are mindful of… You would know from last year, we amended the VAT (value-added tax) rules where Airbnb, for instance, they provide bookings in the U.S. for a service that is delivered in The Bahamas, and we amended our rules such that those bookings are now vatable,” “But collecting the tax is another technical issue, because now you’re talking about legal jurisdictions. So, it is a complex issue, it is a developing issue and certainly we are at the table having those discussions along with the global community” External link

thenassauguardian Wednesday, June 10, 2020 3:18:00 PM EAT

Peter Turnquest said : “This is the largest deficit ever incurred in the history of The Bahamas,” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “The borrowing we will have to undertake to close the deficit gap has implications for the country’s long-term fiscal health,” “These are facts we are not shying away from. On the contrary, we are eager and committed to resuming our plans to achieve fiscal balance” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “Faced with this scenario, we have put in place arrangements to ensure we can adequately meet our obligations, as any responsible government would,” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “This budget provides for the less fortunate among us. Those who cannot work, those now without jobs in search of work, and those who just flat out find themselves on hard times,” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “Fair-minded Bahamians realize the challenges we are facing as a nation,” “Again, and again, we have met the tough circumstances head-on, and made the tough decisions in the best interest of our beloved Bahamas” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “I want to reassure all Bahamians that this government — your government — has drawn together every resource at its disposal to protect this country and support its people through this ongoing health and economic crisis,” “I said on the morning of May 27, and I want to reiterate again, that no Bahamian will be left without food, no Bahamian will be left without hope, and no Bahamian will be left to total desperation as a result of the twin crises this country currently faces” External link

thenassauguardian Tuesday, June 9, 2020 4:30:00 PM EAT

Peter Turnquest said : “The development of the small business sector has been a key tenet of our transformational socioeconomic agenda,” External link

thenassauguardian Tuesday, June 9, 2020 3:25:00 PM EAT

Peter Turnquest said : “Every year, the government spends over $400 million subsidizing state-owned agencies, many of which are inefficient and uncompetitive. To this end, we have targeted a $100 million annual reduction in subventions over the next four years, as these entities move to optimize efficiency and cost recovery strategies,” “Not only will this make SOEs more dynamic, efficient and self-sufficient, it will also reduce the amount of money the government allocates to subsidize these entities. SOEs will have to adopt new business practices, they will have to look at their fee structures and they will have to explore opportunities to consolidate operations to better use public funds” External link

thenassauguardian Tuesday, June 9, 2020 3:25:00 PM EAT

Peter Turnquest said : “We anticipate that our number one industry, tourism, will begin to rebound by the end of this year and the beginning of next year,” External link

thenassauguardian Wednesday, June 3, 2020 3:03:00 PM EAT

Peter Turnquest explained : “After accomplishing a 67 percent reduction in the deficit since assuming office, we were indeed well on our way to achieving our established fiscal targets in our steady move toward a balanced budget,” External link

bahamas-gov Sunday, May 31, 2020 3:32:00 PM EAT

Peter Turnquest said : “We’re optimistic that we will see some revenue from overflight fees that we have been talking about for a couple of years. We have some indication that by January 2021 we will start to see that whole process finalized and we will start to receive some revenue from overflight fess,” “The other area that is interesting is the number of active licenses for mining in the country. There are no active aragonite mining licenses in the country at the moment. The Ministry of the Environment is going to start renewed talks in respect to taking advantage of this asset and we’ll see. Hopefully we can come to some agreements with the exiting licenses, as well as look at new licenses, so that we could take advantage of that natural resource also” External link

thenassauguardian Friday, May 29, 2020 2:48:00 PM EAT

Peter Turnquest said ( about Traffic Department ) : “The Road Traffic Department is launching a vanity plate initiative, which won’t give us a tremendous amount of revenue, but we expect to have a decent return from that,” External link

thenassauguardian Friday, May 29, 2020 2:48:00 PM EAT

Peter Turnquest said : “The current market, with the economy being the way it is at the moment, we would not be motivated to try and release our share holdings in any of these entities at the moment,” “We just don’t believe we will get the kind of return that we can get once the economy starts to make a recovery. At the moment, we continue to hold our positions and continue to support these entities as best we can, to ensure they remain viable and in fact prosper as the market recovers” External link

thenassauguardian Friday, May 29, 2020 2:48:00 PM EAT

Peter Turnquest said : “To be clear, the intent will still be to process and grant promotions, as we recognize that some are long overdue,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest said : “To reiterate what I mentioned earlier, we were mindful not to cut spending in critical areas,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest said : “When I presented the budget communication last year, we estimated the government would generate $2.6 billion in revenue,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest said : “It is our considered view that any such move would significantly slow down the timeliness of an economic rebound,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest added : “The biggest set of twin setbacks in the last 100 years calls for the biggest fiscal response in 100 years,” External link

thenassauguardian Thursday, May 28, 2020 5:04:00 PM EAT

Peter Turnquest said : “Mr. Speaker, an essential pillar to our transformational socio-economic agenda is to achieve and optimize energy efficiency by incorporating the use of renewable resources,” External link

thenassauguardian Thursday, May 28, 2020 4:19:00 PM EAT

Peter Turnquest said : “We are pleased to see that the entrepreneurial spirit of Bahamians has been awoken, because now, people have confidence in the programs available to support their ambitions. This is largely thanks to the work of the Small Business Development Centre (SBDC) and its partners. The SBDC will continue to innovate, by exploring ways to leverage the government’s investment to make other forms of capital available to Bahamians, such as private equity through angel investing and crowdfunding,” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “As with the business continuity program, this tax credit and deferral program is provided on the condition that businesses use the proceeds primarily to meet payroll needs and to keep people employed,” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “As one would imagine, the scope for significant tax reductions is marginal in a situation such as the one in which we find ourselves. Nonetheless and consistent with specific policy priorities, we do propose the reduction of taxes in a few targeted areas, thereby providing millions of dollars in savings in aggregate for parents across the country, as they prepare students to return to school,” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “For the period January 1, 2021 to June 30, 2021, the concessions will be extended to cover building materials only. Let me repeat: Abaco and Grand Bahama will continue to enjoy the current VAT and duty exemptions through the end of the year,” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “We are removing the duty from nitrile examination gloves (antibacterial gloves), which are used as personal protective equipment (PPE) to make it less costly for hospitals, companies and individuals to acquire these. For a period of one year, we will remove the duty on other PPE items, such as gowns and other surgical supplies, to ensure our healthcare workers, both private and public, are protected as we continue to fight this pandemic,” “We are also reducing duty on a few items to further encourage the adoption of more green technologies and plastic elimination, including duty reductions on environmental sea trash cans to assist in oceanic conservation and reusable metal water bottles from 45 percent to 10 percent; and duty reductions on motorcycles with an engine size of 125cc or less and electrical motorcycles, from 75 percent to 10 percent. Off-road motorcycles will not be included in this rate reduction” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “We recognize though that although the government, the private sector and the banking sector have all been working toward greater use of digital transactions for payments, these efforts have often been siloed, running on separate tracks and moving at different paces,” “The lessons of Dorian and presently of COVID-19 have demonstrated that, as a matter of national priority, the various stakeholders need to collaborate and move in unison to accelerate the adoption of digital payment systems. Yes, it is a matter of national efficiency and national competitiveness. But as recent hurricanes and the current pandemic have shown us, it is also a matter of national security” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “Cash will continue to be a feature of the payment system,” “However, the further entrenchment and utilization of digital means has the opportunity to expand financial inclusion, to open new business opportunities, to bring sophisticated financial services to even the most remote parts of the country and to improve personal and business security” External link

thenassauguardian Thursday, May 28, 2020 3:13:00 PM EAT

Peter Turnquest said : “While we have sought to trim where we could, our driving ethos has been to do all we can to support Bahamians and to maintain as much employment and economic activity as we can over the near term. ” External link

thenassauguardian Wednesday, May 27, 2020 9:35:00 PM EAT

Peter Turnquest said : “We are pleased to announce that for the first time, the government will provide for a back-to-school VAT holiday on school supplies, clothing and select food items for the two-weeks leading to the reopening of schools, hereby providing millions of dollars in savings in aggregate for parents across the country as they prepare students to return to school,” External link

thenassauguardian Wednesday, May 27, 2020 8:36:00 PM EAT

Peter Turnquest noted : “This is the largest deficit to be incurred by any government in the history of The Bahamas,” External link

thenassauguardian Wednesday, May 27, 2020 8:07:00 PM EAT

Peter Turnquest said : “Ahead of my presentation tomorrow, I want to reiterate that we are going to provide an honest take on where we are as a country,” External link

thenassauguardian Wednesday, May 27, 2020 3:57:00 PM EAT

Peter Turnquest said : “This loan is not a structural adjustment facility. It does not involve the conditionality elements normally associated with the IMF facilities that most are familiar with. This facility is a low-cost option, with an interest rate of some 1.054% that we are smartly availing ourselves to address our current needs,” External link

trinidadexpress Tuesday, May 26, 2020 5:12:00 AM EAT

Peter Turnquest said : “In a few days, we are going to present a new budget and it will continue to reflect the double impact of Hurricane Dorian and Covid-19. However, we have demonstrated that our approach to addressing these emergencies is to focus on the health and safety of Bahamians, social protection for the most vulnerable, and the need to sustain employment. These priorities will continue into the new budget, as we work to stabilise the domestic economy and plant the seeds of recovery. This loan facility assists us with meeting our existing obligations through the end of the fiscal year, as has been approved by Parliament during the Supplemental ‘Hurricane Dorian’ exercise,” External link

trinidadexpress Tuesday, May 26, 2020 5:12:00 AM EAT

Peter Turnquest said : “This particular low-cost facility is a one-time deal that cannot be used again until repaid. A simple way to think of this is like borrowing against the value of your ownership in a company. The Bahamas has a quota in the IMF which can be likened to its ownership of shares in the IMF. Borrowing against these shares is normally at a lower interest rate than borrowing from a commercial source, and therefore a more favourable option for emergencies like the one we face today,” External link

trinidadexpress Tuesday, May 26, 2020 5:12:00 AM EAT

Peter Turnquest said : “This loan is not a structural adjustment facility. It does not involve the conditionality elements normally associated with the IMF facilities that most are familiar with. This facility is a low-cost option, with an interest rate of some 1.054 percent that we are smartly availing ourselves to address our current needs,” External link

thenassauguardian Monday, May 25, 2020 4:26:00 PM EAT

Peter Turnquest said : “A simple way to think of this is like borrowing against the value of your ownership in a company. The Bahamas has a quota in the IMF which can be likened to its ownership of shares in the IMF. Borrowing against these shares is normally at a lower interest rate than borrowing from a commercial source, therefore it is a more favorable option for emergencies like the one we face today,” External link

thenassauguardian Monday, May 25, 2020 4:26:00 PM EAT

Peter Turnquest said : “In a few days, we are going to present a new budget and it will continue to reflect the double impact of Hurricane Dorian and COVID-19. However, we have demonstrated that our approach to addressing these emergencies is to focus on the health and safety of Bahamians, social protection for the most vulnerable and the need to sustain employment. These priorities will continue into the new budget, as we work to stabilize the domestic economy and plant the seeds of recovery. This loan facility assists us with meeting our existing obligations through the end of the fiscal year, as has been approved by Parliament during the supplement Hurricane Dorian exercise,” External link

thenassauguardian Monday, May 25, 2020 4:26:00 PM EAT

Peter Turnquest said : “In the immediate days to come, I think we can anticipate the domestic economy being softened a little bit so that persons whose main business is to service the domestic clientele can start to get back to some sort of business, start to earn some sort of internal revenue, thus sparking the internal economy,” External link

thenassauguardian Tuesday, May 12, 2020 3:18:00 PM EAT

Peter Turnquest told : “Our deficit was going to be $677 [million] but we estimate that it’s going to be somewhere around a bit north of $800 million that is going to be our deficit,” External link

thenassauguardian Thursday, May 7, 2020 3:23:00 PM EAT

Peter Turnquest said : “I did see something recently — some article — that suggests Carnival’s planned sailings for July or June have been subscribed,” External link

thenassauguardian Thursday, May 7, 2020 3:23:00 PM EAT

Peter Turnquest said : “We anticipated a spike in recurrent expenditure, because of the allocations we made to increase capital expenditure and to provide various allowances and support to essential workers of the public service and staff displaced by the hurricane, among other things,” “Further, we addressed several other spending priorities, like union payments to civil servants and additional cash injections into the public health system, that were foreshadowed earlier this year. Of the total increase in expenditure, over $80 million can be directly attributed to new expenditures” External link

thenassauguardian Friday, May 1, 2020 4:29:00 PM EAT

Peter Turnquest said : “It is a reality that we are going to have very difficult financial times in the short term,” “Everybody is hoping — and that’s the best word we can use because nobody knows — that there’s going to be some form of vaccine or treatment in the next couple of months that will help us to be able to reopen the economy to the extent that we have before or even to a lesser extent” External link

thenassauguardian Friday, April 17, 2020 3:55:00 PM EAT

Peter Turnquest said : “I don’t know where he would have gotten this information,” External link

thenassauguardian Friday, April 17, 2020 3:55:00 PM EAT

Peter Turnquest said : “The leader of the opposition never fails to disappoint,” External link

thenassauguardian Friday, April 17, 2020 3:55:00 PM EAT

Peter Turnquest said : “This is an unfortunate position we find ourselves in, but it is similar to virtually every other country in the world,” External link

thenassauguardian Friday, April 17, 2020 3:55:00 PM EAT

Peter Turnquest told : “The government of The Bahamas has made no decision in respect to cutting public service emoluments or any benefits that the public service enjoys to this day,” External link

thenassauguardian Friday, April 17, 2020 1:46:00 AM EAT

Peter Turnquest said : “At the same time, we have demonstrated with our response to Hurricane Dorian, and our initial response to COVID-19 economic fall-out, that we will take aggressive actions in the short-term to protect the social and economic welfare of the Bahamian people. We will reprioritize and allocate sufficient resources to ensure the Bahamian people are supported through these uncertain times,” External link

bahamas-gov Saturday, April 11, 2020 8:49:00 PM EAT

Peter Turnquest said : “Despite the challenging times ahead and the need for significant fiscal adjustments, the Government has demonstrated by its track record and strong commitment to fiscal responsibility, its ability to overcome economic hardship, restore fiscal stability, and to drive economic growth even in difficult circumstances,” External link

bahamas-gov Saturday, April 11, 2020 8:49:00 PM EAT

Peter Turnquest said : “This is a massive step forward for the country. Once again, this government is keeping its promise to ensure greater transparency and accountability in public affairs. Unlike others who only promised procurement reform in the past, the Minnis-led government is actually delivering,” “We already have over 1,500 vendors registered on the e-tender platform. Registration is open and free for all interested vendors. On this platform, all vendors are alerted automatically when there are new opportunities to bid on projects. This has already brought an unprecedented level of transparency, for in the past it could be difficult for potential bidders to access information about opportunities. The process will be further strengthened once the final bill is enacted” External link

jonesbahamas Saturday, April 11, 2020 7:02:00 PM EAT

Peter Turnquest said : “This is going to be a difficult time for us. Our worst case scenario up to this point showed us that somewhere around a billion dollars in loss into the economy with the shutdown. Now we have to start to go back and revaluate,” External link

jonesbahamas Saturday, April 11, 2020 7:02:00 PM EAT

Peter Turnquest said : “So I think this is going to be a long term problem for us. Certainly, well into the New Year. But we will address whatever the challenges are in the new budget definitely passed in June,” External link

jonesbahamas Saturday, April 11, 2020 7:02:00 PM EAT

Peter Turnquest said : “The challenges that Dorian brought did not go away. So serious challenges are ahead of us, trying to mop up whatever restoration efforts that need to be done,” External link

jonesbahamas Saturday, April 11, 2020 7:02:00 PM EAT

Peter Turnquest said : “We are pleased to see that the government’s various fiscal reform efforts were acknowledged and commended in the report, as they have contributed to the country’s strengthening fiscal institutions and our capacity to deal with substantial external shocks,” “The assessment by S&P is not surprising given the conscientious adjustments we made to our original spending and borrowing plans so as to recover from the catastrophic impact of Hurricane Dorian. Although these deviations from our fiscal plan will not be permanent, we anticipated they would affect our outlook” External link

thenassauguardian Friday, March 13, 2020 3:58:00 PM EAT

Peter Turnquest said : “Notably, even though the report foreshadows potential economic fallout from the coronavirus pandemic, S&P still expressed confidence in the checks and balances put in place to prevent further erosion of our creditworthiness,” “These include the government’s demonstrable increase in fiscal transparency and reporting and the focus and progress on institutional reform” External link

thenassauguardian Friday, March 13, 2020 3:58:00 PM EAT

Peter Turnquest said : “The current global outbreak of the coronavirus is creating an immediate threat to the near-term performance of our economy,” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said ( about Association ) : “We are working with the Clearing Banks Association and domestic microfinancing institutions to promote and facilitate the transition to a cashless economy,” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said : “We cannot allow developed nations to act as though their actions do not impact us, particularly as they are the main contributors to the global climate crisis,” “The developed world must share the responsibility for the rehabilitation of economies and nations that are disproportionately impacted. We are independent nations. We are resilient people, but the promise of multilateralism is that we don’t walk alone and it is time for our international partners to make changes and implement practical solutions now” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said : “Collectively, these bills lay the foundation to strengthening the way the government both handles and approaches public finance. They promote transparency and accountability and will modernize and strengthen the current framework for public financial management in line with the government’s overarching commitment to fiscal prudence, fairness and responsibility,” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said : “At least two members of the committee should be appointed from outside of the public service, with one of these members holding the position of chair. The Cabinet will in short order finalize the composition of the committee,” “Undoubtedly, this progress in our reporting efforts will support a strengthening in the effectiveness in our policymaking, given the findings of more accurate and timely reports. It will also promote a higher level of accountability and transparency internally, which will help to enhance the efficiency of internal processes and procedures and ultimately benefit the Bahamian public at large” External link

thenassauguardian Thursday, March 5, 2020 5:17:00 PM EAT

Peter Turnquest said : “We are prepared and committed to ensuring the success of the Sand Dollar on every island of The Bahamas,” External link

thenassauguardian Monday, March 2, 2020 4:59:00 PM EAT

Peter Turnquest said : “The intention is for them to take over (operating costs) right away,” External link

thenassauguardian Thursday, February 27, 2020 6:00:00 PM EAT

Peter Turnquest said : “Obviously any increase in any utility cost or any tax cost is of concern to us as representatives, as well as to the government,” External link

thenassauguardian Wednesday, February 26, 2020 5:33:00 PM EAT

Peter Turnquest said : "The Bahamas has worked diligently to demonstrate its commitment at the highest political level to international standards on information exchange, tackling harmful tax practices and dismantling artificial tax structures. On behalf of the Government, I thank the staff, agencies and industry stakeholders that worked so hard to achieve this result. Your support, encouragement and technical skills have been invaluable in this process and prove once again, we can rise to any challenge," "All of our critics should see that the EU's statements today clearly counters the view that The Bahamas is not doing its part in the global effort to stop financial crimes such as tax evasion and money laundering," External link

mondaq Friday, February 21, 2020 8:06:00 AM EAT

Peter Turnquest said : “So, we have an Ease of Doing Business Committee that is working on this specifically. And, so, yes, they are doing surveys. They are contacting companies and they are contacting people who would be participants in the surveys to coordinate the response. Because a lot of times we find that people who answer these questions don’t have full command of the facts. And, so, there’s not coaching,” External link

thenassauguardian Friday, February 14, 2020 5:02:00 PM EAT

Peter Turnquest said : “This MOU (memorandum of understanding) is a model of what we hope to achieve in other communities throughout The Bahamas as we look to bring additional investment to the country,” “This is not just about creating jobs, this is about creating wholesome communities, because at the end of the day when we have happy communities, we will have successful and profitable businesses” External link

thenassauguardian Friday, February 14, 2020 5:02:00 PM EAT

Peter Turnquest said : “I am happy to announce that $2.2 million has already been approved in funding for businesses affected by the hurricane,” External link

thenassauguardian Thursday, February 13, 2020 4:53:00 PM EAT

Peter Turnquest said : “Yes, we have to be mindful of the agenda item raised by the OECD surrounding minimum global corporate income taxes and how that will be translated to countries like ours that have historically relied upon efficient flat border taxes and more recently, VAT (value-added tax) regimes to fund government programs and services,” External link

thenassauguardian Friday, February 7, 2020 4:20:00 PM EAT

Peter Turnquest told : “No, we’re never satisfied until we’re tracking ahead of the budget, but it is in comparison to the previous year at the same time, a nine percent increase in revenue. So, from that perspective yes, we’re doing okay. The remainder of this fiscal year to June will tell us where we are in terms of our projection, because this is the heavy revenue period right now, as business licenses and real property tax and all these fees are collected and so we’ll know in another month or two where we are in terms of achieving our overall target,” External link

thenassauguardian Tuesday, February 4, 2020 3:46:00 PM EAT

Peter Turnquest stated : “This exceeds the approved budget target of $137 million, and therefore has corresponding implications for the financing envelope,” External link

bahamas-gov Tuesday, February 4, 2020 11:38:00 AM EAT

Peter Turnquest said : “And that is to ensure that those persons who would have lost their income as a result of the damages done to businesses, and those that may have closed, those who were laid off for lack of business, that there is some social support for those families while they transition to other opportunities or their place of employment comes back on stream” External link

reliefWeb Sunday, February 2, 2020 4:19:00 AM EAT

Peter Turnquest told : “As a matter of fact, I saw a listing today where they have done the official listing and so we are continuing our investigations with them. In fact, we’re waiting for a response from them on our specific inquiries about the criteria and the issues that they have identified as being the reasons for this listing,” External link

thenassauguardian Wednesday, January 8, 2020 5:25:00 PM EAT

Peter Turnquest said : “As I said before, we have enjoyed a very good relationship with the OECD (Organisation for Co-Operation and Development), the Global Tax Forum (GTF), the EU (European Union) and we have made significant strides in terms of meeting all of the commitments that have been put before us, even those that we might not have been comfortable with and have been very difficult for us to meet. So, this certainly is an outlier, we don’t know exactly what it’s about, the issues that they have identified we were not aware of them,” External link

thenassauguardian Wednesday, January 8, 2020 5:25:00 PM EAT

Peter Turnquest said : “The Bahamas is a tremendous asset to the world in terms of financial services and wealth management and we take our role very serious, we take our role as partners and guardians of the financial services industry globally very seriously and so whenever these things arise, we certainly want to be very proactive and certainly we want to ensure that we address whatever challenges that are identified. But as it stands, we’re fighting in the dark because we don’t know what we’re fighting,” External link

thenassauguardian Wednesday, January 8, 2020 5:25:00 PM EAT

Peter Turnquest said : “As far as I’m aware – and I have not looked at a report in the last two, three weeks – they were making significant progress,” External link

thenassauguardian Monday, January 6, 2020 4:26:00 PM EAT

Peter Turnquest said ( about Мэри Миллер ) : “With information that has been brought to light by Mr. Miller, we’ll have a look at it and see…,” External link

thenassauguardian Friday, January 3, 2020 4:35:00 PM EAT

Peter Turnquest told : “First of all, we pray that there [are] no more storms,” External link

thenassauguardian Thursday, January 2, 2020 4:07:00 PM EAT

Peter Turnquest said : “this is going to be a while” External link

thenassauguardian Thursday, January 2, 2020 4:07:00 PM EAT

Peter Turnquest explained : “They are backing up 97 containers that are sitting in Florida trying to get on a boat to come to Grand Bahama including some building supplies,” “So the logistics of getting building materials to the island is a challenge. We just don’t have enough boats to get them here” External link

thenassauguardian Monday, November 4, 2019 5:39:00 PM EAT

Peter Turnquest said : “We are committed to an agenda of modernization and digitization, starting with our largest tax collection agency, where RPT is administered,” External link

thenassauguardian Monday, November 4, 2019 5:11:00 PM EAT

Peter Turnquest said : “I can assure you the private sector has long awaited the government to undertake this work in earnest,” External link

thenassauguardian Monday, November 4, 2019 5:11:00 PM EAT

Peter Turnquest said : “The government of The Bahamas pledged $10 million to assist various entrepreneurs in their rebuilding efforts to get them back on their feet and back in operation, not only to provide opportunities for themselves, but also to re-employ people and to get people back to work and back to normal as quickly as possible,” External link

thenassauguardian Thursday, October 31, 2019 4:07:00 PM EAT

Peter Turnquest said : “While we still have some way to go, taking these proactive steps have created a situation where the country is fortunately in a much better position financially to address these unfortunate shocks to the economy and be able to rebound more strongly,” External link

thenassauguardian Thursday, October 31, 2019 4:07:00 PM EAT

Peter Turnquest said : “Once we have the data then we can extrapolate what the number is going to be in real terms,” External link

thenassauguardian Thursday, October 31, 2019 4:07:00 PM EAT

Peter Turnquest said : “The initial order was given through the exigency order which would’ve given the authority,” “We will likely have to come to amend the VAT Act to give a full effect to the long-term plan with respect to that in particular” External link

thenassauguardian Friday, October 25, 2019 3:58:00 PM EAT

Peter Turnquest said : “The legal aspect, I’m reluctant to comment on,” External link

thenassauguardian Friday, October 25, 2019 3:58:00 PM EAT

Peter Turnquest said : “Madam managing director, in your opening comments you have expressed your support for a fresh look at concessional finance for economically vulnerable, high income per capita states,” External link

thenassauguardian Tuesday, October 22, 2019 4:33:00 PM EAT

Peter Turnquest said : “Collectively we must do more ourselves to find creative ways to finance resilience and share resources, but developed nations must share the responsibility for the rehabilitation of economies and nations that are disproportionately impacted,” External link

thenassauguardian Tuesday, October 22, 2019 4:33:00 PM EAT

Peter Turnquest said : “The Bahamas has made significant strides in improving its legislation and systems, particularly in the last three years, but it appears that as soon as we get closer to meeting the standards, the requirements change,” External link

thenassauguardian Monday, October 21, 2019 3:44:00 PM EAT

Peter Turnquest said : “In this regard the promotion of green bonds, social bonds and other financing options to address climate resilience in particular, is critical and useful as is the need to reassess the categorization of high income/highly vulnerable small island developing states,” External link

thenassauguardian Friday, October 18, 2019 3:48:00 PM EAT

Peter Turnquest said : “Our recent experience shows that quite apart from economic migration, which we are familiar with in our region, disasters are posing a new risk and burden on neighboring states,” “Protocols and who, what and where considerations must now make its way onto the front page of climate risk considerations as these realities become more and more relevant” External link

thenassauguardian Friday, October 18, 2019 3:48:00 PM EAT

Peter Turnquest said : “It is the government’s commitment to ensure continued accountability and transparency in this regard as we reach out for further global support to address this recovery challenge and to face the daunting task of making tangible steps to imple- ment the resilience les- sons learned from this experience,” External link

jonesbahamas Friday, October 18, 2019 3:10:00 PM EAT

Peter Turnquest said ( about Harbour Island ) : “In this regard the pro- motion of Green Bonds, Social Bonds and other financing options to address climate resilience in particular, is critical and useful as is the need to reassess the categorization of high income/highly vulnera- ble Small Island Developing States (SIDS),” External link

jonesbahamas Friday, October 18, 2019 3:10:00 PM EAT

Peter Turnquest said : “Once again, this government is keeping its promise to ensure greater transparency and accountability in public affairs,” External link

thenassauguardian Wednesday, October 16, 2019 4:18:00 PM EAT

Peter Turnquest explained : “We are in the full swing of implementing the project plan for this multi- faceted reform initiative,” External link

jonesbahamas Tuesday, October 15, 2019 5:38:00 PM EAT

Peter Turnquest said : “Over the past two years, we have signed up to numerous multilateral conventions,” External link

thenassauguardian Tuesday, October 15, 2019 4:00:00 PM EAT

Peter Turnquest said : “It has become cliché to talk about the goal post constantly changing,” “What that is really telling us, though, is that the goal post was not fixed in the first place. That was merely an illusion” External link

thenassauguardian Tuesday, October 15, 2019 4:00:00 PM EAT

Peter Turnquest said : “Both Grand Bahama and Abaco represent some 18 per cent of our overall gross domestic product, and so it is in our interest and certainly significant for us to get them back and up and operating to as near normal as quickly as possible,” External link

jamaica-gleaner Sunday, October 13, 2019 2:06:00 PM EAT

Peter Turnquest said : “Proportionally, this may seem small, however, this contribution has always been an important component for delivering on the government’s overall budgetary projections,” External link

thenassauguardian Thursday, October 10, 2019 3:42:00 PM EAT

Peter Turnquest said : “These funds will primarily be used for rebuilding critical infrastructure on Abaco and Grand Bahama, including electricity and water services, the reconstruction of affected medical facilities, the construction of temporary housing and the delivery of targeted government services and assistance to affected populations,” External link

thenassauguardian Thursday, October 10, 2019 3:42:00 PM EAT

Peter Turnquest said : “The remaining $9 million has not yet been allocated,” External link

thenassauguardian Thursday, October 10, 2019 3:42:00 PM EAT

Peter Turnquest said : “In addition, the government will deploy $20 million from the extinguished dormant accounts fund for disaster-related recovery activities – of which $10 million will be earmarked for the mentioned support for small and medium-sized enterprises (SMEs), as mentioned earlier, $5 million to help defray costs related to the provision of temporary housing and the remaining $5 million for use by the new Ministry of Disaster Preparedness, Management and Reconstruction on specific rehabilitation and restoration efforts,” External link

thenassauguardian Thursday, October 10, 2019 3:42:00 PM EAT

Peter Turnquest told : “Obviously, in any circumstances like this where you’re losing a significant portion of your GDP, there is concern,” External link

jonesbahamas Tuesday, October 8, 2019 4:22:00 PM EAT

Peter Turnquest added : “We’re also using some of that money to provide temporary shelter for residents as we try to encourage them to go back to these islands and help in their reconstruction. Some of it will be used in the immediate emergency relief that’s necessary in order to support them during this upscale cycle where we get people back and commerce started,” External link

reliefWeb Saturday, October 5, 2019 2:37:00 AM EAT

Peter Turnquest told : “Obviously, in any cir- cumstances like this where you’re losing a sig- nificant portion of your GDP, there is concern,” External link

jonesbahamas Wednesday, October 2, 2019 4:42:00 PM EAT

Peter Turnquest said ( about The Hon ) : “The level of invest- ment and the destination, as a preferred investment destination, is still very attractive and again, we believe that we will have the best results we can doing the things that we can do to control the cir- cumstance as it exists today,” External link

jonesbahamas Wednesday, October 2, 2019 4:42:00 PM EAT

Peter Turnquest said : “The investments in Grand Bahama continue to move forward and we had the signing last week and the hotel deal contin- ues to be negotiated, so we continue to expect that to close,” “The Abaco communi- ty itself, the investors are eager to get back and to start to do their cleanup work and to get back into operation. The local busi- ness community too, despite the rumours, is also very eager to get back and have the oppor- tunity to start rebuilding their properties. So we anticipate that within a reasonable period of time, we would start to see the rebirth and these busi- nesses come back on stream” External link

jonesbahamas Wednesday, October 2, 2019 4:42:00 PM EAT

Peter Turnquest said : “The order is actually on my desk to sign. We’re doing a few tweaks to it and today we’ll get a bit of clarification on a couple of points so that we make sure we have the document drafted as the prime minister has intended,” “So hopefully if not today, certainly tomor- row or Thursday the lat- est I imagine, we will have that order out in full detail with the details behind it as to how peo- ple would access the var- ious incentives that are available in that order” External link

jonesbahamas Wednesday, September 25, 2019 4:15:00 PM EAT

Peter Turnquest said : “A lot of the work that this ministry will do will be coordinating more so than actually doing things themselves. But to the extent that there is budgetary needs for them specifically, there are a number of places we can draw from,” External link

jonesbahamas Wednesday, September 25, 2019 4:15:00 PM EAT

Peter Turnquest said : “Not to fund the min- istry, let’s be clear, but to fund the services that the ministry will provide,” External link

jonesbahamas Wednesday, September 25, 2019 4:15:00 PM EAT

Peter Turnquest said : “The Fiscal Responsibility Act requires us to come in November with our fiscal projection outlook for the next budget season,” External link

jonesbahamas Wednesday, September 18, 2019 4:48:00 PM EAT

Peter Turnquest said : “With approximately 70 percent of the homes underwater, we anticipate tremendous social and economic dislocation and disruption in the short term,” External link

WashingtonPost Wednesday, September 4, 2019 6:16:00 AM EAT

Peter Turnquest said : “With approximately 70 percent of the homes underwater, we anticipate tremendous social and economic dislocation and disruption in the short term,” External link

WashingtonPost Wednesday, September 4, 2019 4:35:00 AM EAT

Peter Turnquest said : “With approximately 70 percent of the homes underwater, we anticipate tremendous social and economic dislocation and disruption in the short term,” External link

WashingtonPost Wednesday, September 4, 2019 2:52:00 AM EAT

Peter Turnquest said : “So now it’s a matter of working through some of the operational issues to see how we can smoothen those out, see how we can move forward with the implementation of our technology solutions to remove some of the human elements that pro- vide some of the sticking points and move ourselves up the ease of doing busi- ness ranking,” External link

jonesbahamas Monday, August 26, 2019 5:42:00 PM EAT

Peter Turnquest explained : “I think there are some spe- cific issues that relate to that particular entity that I wouldn’t want to speak about in detail, but that are kind of unique in a way,” External link

jonesbahamas Monday, August 26, 2019 5:42:00 PM EAT

Peter Turnquest said : “We, of course, know that there has been some increase in the cost of living as a result of the increase in the value-added tax, and the inflation rate shows that, but the trend also shows that that is evening out as we expect and that over time it will start to normalize,” External link

thenassauguardian Friday, August 23, 2019 3:39:00 PM EAT

Peter Turnquest said : “The state department’s framework for assessing fiscal transparency places emphasis on transparency around the awarding of government contracts and natural resource licenses, as well as more robust government audit mechanisms,” External link

thenassauguardian Friday, August 23, 2019 3:10:00 PM EAT

Peter Turnquest said : “I wish to state cate- gorically that these fabri- cated claims are demon- strably false and com- pletely untrue. They are a gross attempt at charac- ter assassination by uncaring and unscrupu- lous cowards, political mischief making at its worst,” “I caution the public to question the integrity of persons who make a habit out of generating and circulating these vexing stories with the intent of spreading false and defamatory informa- tion in the name of poli- tics or irresponsible gos- sip” External link

jonesbahamas Thursday, August 22, 2019 4:36:00 PM EAT

Peter Turnquest said : “We will come to par- liament, explain what is necessary, why we have done what we have done, if it is an after the fact disclosure and again pres- ent a plan to get us back on track to our overall fis- cal plan as soon as possi- ble,” External link

jonesbahamas Wednesday, August 21, 2019 4:41:00 PM EAT

Peter Turnquest said : “We watch our cash flow to make sure we don’t get caught out and we always have some headroom in order to be able to meet any unex- pected shots,” “Again, somethings we can’t control and so its just a matter of us being conservative and responsible and making sure we are managing our resources as best as we can, taking into account things that can happen on a long term horizon” External link

jonesbahamas Wednesday, August 21, 2019 4:41:00 PM EAT

Peter Turnquest said : “For the most part we believe we have addressed most of the significant points that can be addressed from a policy point of view, so now it’s a matter of working through some of the operational issues to see how we can smoothen those out, to see how we can move forward with the implementation of our technology solutions, to remove some of the human elements that provide some of the sticking points and move ourselves up the ease of doing business ranking,” “As the chairman of t he Ease of Doing Business Committee would have said, we’re making significant progress, we believe it is certainly easier today than it was when we came in and we recognize that we still have some ways to go and we’re working on addressing those issues” External link

thenassauguardian Wednesday, August 21, 2019 4:13:00 PM EAT

Peter Turnquest said : “The reality is that there are any number of circumstances that could cause an overshoot of the projected deficit, however, our job is to manage that to the best we can and to take into account reasonable unknown contingencies that may arise, such as hurricane or recession in our major source markets,” “That said, extended or escalating trade tensions between superpowers can have negative effects on our domestic economy and slow FDI flows. It is prudent for us to be conservative in our expectations. Having said that we do expect to meet our GDP growth target. Revenue and recurrent expenditure targets for the first month of the year are trending in line with the budget and we are hopeful and working towards maintaining that positive trend” External link

thenassauguardian Monday, August 19, 2019 2:37:00 PM EAT

Peter Turnquest explained : “We, of course, know that there has been some increase in the cost of liv- ing as a result of the increase of the value added tax and the deflection rate shows that, but the trend also shows that is evening out and as we expect over time it will start to normal- ize,” “It’s a function how we can see the economy per- form, how any minimum increase would affect are current growth projection, and it will mean to the increase in the cost of liv- ing as a result in the poten- tial increase in the wage and what dampening affect that may have on employment and the econ- omy” External link

jonesbahamas Friday, August 16, 2019 4:23:00 PM EAT

Peter Turnquest said : “In Abaco, I think what you are seeing there is some slowing down in the Bakers Bay work, so that will be kind of expected as they wrap up the development phase over there,” “But we’re working to continue to try and spur other developments. There is a project that is slated for South Abaco that will hopefully take up some of this capacity that will be shifting and [then] we can get those numbers turned around” External link

jonesbahamas Wednesday, August 14, 2019 5:52:00 PM EAT

Peter Turnquest said : “I think it’s a sign that we are moving in the right direction,” External link

thenassauguardian Wednesday, August 14, 2019 3:16:00 PM EAT

Peter Turnquest said : “While the Government is pleased to see the unemployment numbers are trending down it is the ambition of the Government to accelerate growth and drive these numbers even lower. We are not resting on our laurels for one second. Our goal is to secure stronger and more broad-based growth for the Bahamian economy that will result in increased job opportunities and economic benefits for all Bahamians. We will continue investing in small and medium-sized businesses as a key means of driving improvements in unemployment,” External link

bahamas-gov Wednesday, August 14, 2019 10:28:00 AM EAT

Peter Turnquest said : “In the November 2018 report, we observed a decrease in unemployment in Grand Bahama to 11.9%. In May 2019, the trend has continued, as unemployment in Grand Bahama dropped further to 10.9%. This is really positive news for Grand Bahama, which has been no stranger to economic hardship. To support the economic rebound, the Government will continue efforts to stimulate new private sector investment. We want to see the success we are having with job growth in Grand Bahama reproduced consistently across all of our Family Island,” External link

bahamas-gov Wednesday, August 14, 2019 10:28:00 AM EAT

Peter Turnquest said : “Although the unemployment rate dropped for women to 9.9% in May, we continue to see gender disparities in the unemployment numbers with women being more likely than men to be unemployed. In fact, despite their levels of educational attainment, unemployment is higher for women with a secondary or university education compared to men. On the other hand, men with no schooling or incomplete secondary education are employed at a lower rate than women. Further investigation is needed to understand the different challenges experienced by men and women seeking employment, and the policies needed to address these challenges,” External link

bahamas-gov Wednesday, August 14, 2019 10:28:00 AM EAT

Peter Turnquest said : “Although the unemployment rate dropped for women to 9.9 percent in May, we continue to see gender disparities in the unemployment numbers with women being more likely than men to be unemployed,” External link

thenassauguardian Saturday, August 10, 2019 5:08:00 PM EAT

Peter Turnquest said : “Bahamians can feel encouraged by this positive news that unemployment improved significantly,” External link

thenassauguardian Saturday, August 10, 2019 5:08:00 PM EAT

Peter Turnquest said : “We are not resting on our laurels for one second,” External link

thenassauguardian Saturday, August 10, 2019 5:08:00 PM EAT

Peter Turnquest said : “We have an unacceptable level of crime and violence in this country,” External link

thenassauguardian Wednesday, August 7, 2019 3:35:00 PM EAT

Peter Turnquest said : “This step is another historic accomplishment of this Minnis-led administration as we lead the country into a more modern and 21st century mode of operation, taking advantage of advances in technology and fintech (financial technology) solutions available in developed countries around the world,” “The benefits to BISX will also redound to the strengthening of the capital markets, providing opportunities for additional. financing options to Bahamian entrepreneurs” External link

thenassauguardian Tuesday, August 6, 2019 3:31:00 PM EAT

Peter Turnquest said : “The Ministry of Finance continues to push for agency banking and electronic payment solutions in the Family Islands – particularly where no physical banks exist – advocacy for more cashless payment solutions in the public and private sectors, and our efforts to impress upon financial institutions the need to reduce the cost of such solutions,” External link

thenassauguardian Tuesday, August 6, 2019 3:31:00 PM EAT

Peter Turnquest said : “We are making progress with the revenue enhancement unit as well as our property tax modernization initiatives,” External link

thenassauguardian Tuesday, August 6, 2019 3:31:00 PM EAT

Peter Turnquest said : “We continue to work towards achieving our fiscal consolidation plan,” External link

thenassauguardian Tuesday, August 6, 2019 3:31:00 PM EAT

Peter Turnquest said : “This is another area where the government is making good on its promise to modernize and keep pace with the digital transformation happening globally and introduce more efficien- cy to the government’s borrowing. Centralized market trading of gov- ernment bonds is an important component for the growth of the entire Bahamian capital market. It’s been a longtime in the making and I am proud that this govern- ment’s leadership has helped to finally bring this project to fruition,” External link

jonesbahamas Friday, August 2, 2019 6:21:00 PM EAT

Peter Turnquest said : “With this moderniza- tion of the country’s financial market infra- structure, Bahamians will now have easy access to investment information and market activity on all government bonds and there will be transparen- cy around the pricing of government securities. Lastly, Bahamians will be able to see and have an opportunity to trade outstanding securities on an open market,” External link

jonesbahamas Friday, August 2, 2019 6:21:00 PM EAT

Peter Turnquest said : “This is another area where the government is making good on its promise to modernize and keep pace with the digital transformation happening globally and introduce more efficiency to the government’s borrowing. Centralized market trading of government bonds is an important component for the growth of the entire Bahamian capital market. It’s been a longtime in the making and I am proud that this government’s leadership has helped to finally bring this project to fruition,” External link

jonesbahamas Friday, August 2, 2019 6:21:00 PM EAT

Peter Turnquest said : “With this modernization of the country’s financial market infrastructure, Bahamians will now have easy access to investment information and market activity on all government bonds and there will be transparency around the pricing of government securities. Lastly, Bahamians will be able to see and have an opportunity to trade outstanding securities on an open market,” External link

jonesbahamas Friday, August 2, 2019 6:21:00 PM EAT

Peter Turnquest said : “We are getting ready to list over 200 government bonds, which represent the entire portfolio of outstanding securities going back to 1999,” External link

thenassauguardian Friday, August 2, 2019 4:16:00 PM EAT

Peter Turnquest said : “I guess they’re using the break as a cover so they don’t have to come back and actually do it or maybe they’re following behind the [Democratic National Alliance] who made the suggestion,” “Again, we all know it’s a fool’s errand. Why do it? But it’s a free country so they can do whatever they feel” External link

thenassauguardian Monday, July 29, 2019 3:22:00 PM EAT

Peter Turnquest said : “The OECD concluded that the domestic legal framework is in line with international standards and therefore, not harmful which is a nod to a slate of legislative and regulatory reforms undertaken by the government since the New Year,” “On July 19, 2019 the Global Forum on Harmful Tax Practices, an exchange of information, through the inclusive framework on Base Erosion and Profit Shifting (BEPS), approved the latest results of the peer review of The Bahamas’ Domestic Law and Economic Substance” External link

jonesbahamas Friday, July 26, 2019 10:38:00 AM EAT

Peter Turnquest said : “The working group on Financial Service Sector Reform will continue to review our legislative framework and engage with the international organizations to ensure the interest of our financial services sector are represented and protected,” External link

jonesbahamas Friday, July 26, 2019 10:38:00 AM EAT

Peter Turnquest said : “Our commitment to the enhancement of transparency mechanisms demonstrates yet again that The Bahamas will not be a jurisdiction that encourages or facilitates financial crimes, including tax evasion and money laundering,” “This confirmation affirms The Bahamas as a premier partner in the global fight against harmful tax practices” External link

thenassauguardian Thursday, July 25, 2019 4:26:00 PM EAT

Peter Turnquest said : “The review of the implementation of the Action 14 minimum standard would be pointless, which is the reason why they are asking us to confirm before launching the process in August,” “BEPS Action 14 relates to dispute resolution mechanisms available in tax treaties through which competent authorities of the contracting states may resolve differences or difficulties regarding the interpretation or the application of the convention on a mutually-agreed basis. This mechanism – the mutual agreement procedure (MAP) – is the focus of BEPS Action 14, and the purpose of the latter was to develop solutions to address obstacles that prevent countries from resolving treaty-related disputes under MAP” External link

thenassauguardian Wednesday, July 24, 2019 4:06:00 PM EAT

Peter Turnquest said : “The BTC pension plan is currently undergoing an actuarial review,” “Once that assessment is completed, we will be in a better position to determine the way forward” External link

thenassauguardian Tuesday, July 23, 2019 3:50:00 PM EAT

Peter Turnquest added : “The report identified known vulnerabilities and structural weaknesses, which means we are already actively engaged in addressing these needs. We feel confident that our ongoing structural and fiscal reforms and macroeconomic policies will continue to produce demonstrable achievements in this regard,” “This administration is absolutely a ‘reform-oriented government’ and we embrace this characterization and recognition by the IMF in its most recent report. We are finally making tangible progress on longstanding issues that have held the country back. Because these issues were not glamorous or easy to solve, they were swept under rung by previous governments. We are getting the job done and making a difference one problem at a time, from fiscal responsibility to ease of doing business to improved tax administration to financial sector reform” External link

jonesbahamas Thursday, July 4, 2019 6:55:00 PM EAT

Peter Turnquest explained : “Our demonstrated commitment to universal tertiary and preschool education in the 2019/2020 budget is evidence of this administration’s pledge to invest in the human capital of the country,” External link

jonesbahamas Thursday, July 4, 2019 6:55:00 PM EAT

Peter Turnquest said : “We acknowledge that efforts need to be enhanced to enable employment creation to keep pace with labor force growth. In this fiscal year, we plan to expand our investments in small business and entrepreneurship, and we expect private sector investment initiatives and tourism sector growth to drive further improvements in employment conditions,” External link

jonesbahamas Thursday, July 4, 2019 6:55:00 PM EAT

Peter Turnquest said : “Which is different from what is being suggested by the IMF (International Monetary Fund),” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest told : “This is an area that I would certainly defer to the minister of works, but I do know that the ministry of works has had some seminars with respect to improving the capacity and qualification of contractors to qualify for these kinds of works,” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest added : “Being in public life is not easy,” “You are subject to so much unfair attacks and criticism, which I think in his case is the epitome of what can happen and is unfortunate. But be that as it may, he has remained dignified and above the fray and I think that’s to his credit and to his family’s credit” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest said : “Overall, the IMF report reinforces the government’s own assessment of the country’s economic outlook and financial system: Increased prosperity is on the horizon. We were pleased to see recognition that growth has returned after years of stagnation and that our reforms are bearing tangible fruit. Indeed the real economy grew by 1.6 percent in 2018 from a negative five year average of -0.2 percent. We continue to see a buoyant tourism industry with expanding construction activity underpinned by foreign investment projects and expanded domestic participation through the vacation home market. Our financial sector continues to prove that it is sound and resilient to current stability threats,” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest said : “The report identified known vulnerabilities and structural weaknesses, which means we are already actively engaged in addressing these needs. We feel confident that our ongoing structural and fiscal reforms and macroeconomic policies will continue to produce demonstrable achievements in this regard,” “This administration is absolutely a ‘reform-oriented government’ and we embrace this characterization and recognition by the IMF in its most recent report. We are finally making tangible progress on longstanding issues that have held the country back. Because these issues were not glamorous or easy to solve, they were swept under the rug by previous governments. We are getting the job done and making a difference one problem at a time: from fiscal responsibility to ease of doing business to improved tax administration to financial sector reform” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest said : “We acknowledge that efforts need to be enhanced to enable employment creation to keep pace with labor force growth. In this fiscal year we plan to expand our investments in small business and entrepreneurship, and we expect private sector investment initiatives and tourism sector growth to drive further improvements in employment conditions,” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest noted : “Our demonstrated commitment to universal tertiary and pre-school education in the 2019/2020 budget is evidence of this administration’s pledge to invest in the human capital of the country” External link

thenassauguardian Wednesday, July 3, 2019 3:51:00 PM EAT

Peter Turnquest said ( about Commission ) : “We recall that within the past few years alone, The Bahamas has been seriously affected by at least three major hurricanes—all category four storms or above. The impact of Hurricanes Joaquin, Matthew, and Irma on The Bahamas has been reported by the United Nations Economic Commission for Latin America and the Caribbean to cost approximately 820 million dollars,” External link

reliefWeb Tuesday, July 2, 2019 7:46:00 AM EAT

Peter Turnquest said : “It points out the affect that policy can have on these state- owned enterprises, [and] in that particular circum- stance a decision was made, I think in 2010, that affected its financial standing,” External link

jonesbahamas Thursday, June 27, 2019 4:43:00 PM EAT

Peter Turnquest said : “UB has done an analysis of their average full-time student intake, and they calculated what that would mean in terms of tuition, and the number is about $19 million, and we’ve provided for that,” External link

thenassauguardian Friday, June 21, 2019 3:54:00 PM EAT

Peter Turnquest told : “We anticipate that there are going to be properties that are going to be undervalued as well as those that will be overvalued. We will adjust the assessed values accordingly,” External link

thenassauguardian Friday, June 21, 2019 3:54:00 PM EAT

Peter Turnquest said : “The project is $7 million, it is going to engage about 45 Bahamians to conduct the surveys and the analysis and we’re going to be training them in that process, so that we don’t have to bring in the foreign contractors again. Then we’re going to expand out to the Family Islands to ensure that we have a sound database throughout the country. That’s the investment we’re making,” “At the end of the day we will be able to put onto the roll properties that have not been on the roll before and get a more objective, real time, currently assessed value on properties throughout the country” External link

thenassauguardian Friday, June 21, 2019 3:54:00 PM EAT

Peter Turnquest said : “You have all kinds of factors that can go into why you don’t meet your targets. What we try to do and what we have outlined in the budget, is that we are going to ensure that we collect the taxes that exist that we do have some control over, the property taxes, the value-added taxes, the customs taxes, these kinds of things that we do have some control over,” “To that end we have the Revenue Enhancement Unit, which is now an authorized entity unlike before and we are resourcing it with qualified people who will be able to use some data analytics behind the whole concept, so that we realize as much as we can possibly realize from the revenue lines” External link

thenassauguardian Thursday, June 20, 2019 4:02:00 PM EAT

Peter Turnquest said : “We’re also doing some new things in this year’s budget to try and capture more of the untapped revenue that we have. Taxes that are on the books that we’ve never gone after in any aggressive way. A lot of that has to do with the offshore side of our economy, so Bahamians themselves won’t feel that at all,” External link

thenassauguardian Thursday, June 20, 2019 4:02:00 PM EAT

Peter Turnquest said : “In Grand Bahama in particular, you know that there are two major projects that are on the drawing board and we’re driving them to conclusion as quickly as we possibly can, bearing in mind that these are international, publicly listed companies that we’re dealing with and they have their shareholders and their board of directors that they have to satisfy that any deal made is in the best interest of the shareholders, and we on the other hand have to make sure that it’s in the best interest of the Bahamian people,” “So, there are negotiations going on and these things take time. Taking that in mind, we are fully confident that towards the middle to end of this year that we will see the tangible benefits of that work on the ground and the economy will start to turn” External link

thenassauguardian Wednesday, June 19, 2019 3:49:00 PM EAT

Peter Turnquest said : “Thus, in this budget we have allocated $190,000 for this line item,” “This is right and proper budgeting, making realistic estimates based on the actual needs of any one department” External link

thenassauguardian Thursday, June 6, 2019 4:36:00 PM EAT

Peter Turnquest said : “Some ministries may have reflected a large increase in travel allocations due to the fact that under the new chart of accounts some line items would have been grouped together,” External link

thenassauguardian Thursday, June 6, 2019 4:36:00 PM EAT

Peter Turnquest said : “This year, the budget provides funding to substantially expand the government’s commitment both to pre-school and tertiary education,” External link

thenassauguardian Monday, June 3, 2019 3:34:00 PM EAT

Peter Turnquest explained : “The Budget website will help to simplify the national budget and break it down into non-technical language,” External link

bahamas-gov Friday, May 31, 2019 6:05:00 PM EAT

Peter Turnquest said : “Financial literacy is something we take for granted, when the reality is, discussions about the budget often include technical terms that not everyone understands. By working with these talented content creators, who regularly entertain the Bahamian public with their comedic productions, we are able to reach new audiences using the vehicle of edutainment,” External link

bahamas-gov Thursday, May 30, 2019 5:26:00 PM EAT

Peter Turnquest said : “I am a firm believe that to the greatest extent possible, the general public should not be inconvenienced by our own inefficiencies. As we digitize more of our processes and integrate systems to streamline inter-agency communication we will be able to deliver more efficient services across government. In the meantime, we are implementing immediate measures to increase the ease of doing business now,” External link

bahamas-gov Thursday, May 30, 2019 5:26:00 PM EAT

Peter Turnquest said : “I would leave it to them to name the persons they put forth,” “They will have a look at the budget as required by the act” External link

thenassauguardian Wednesday, May 22, 2019 3:35:00 PM EAT

Peter Turnquest said : “Again, the fact of the matter is we’ve had pos- itive growth; we’ve had strong economic per- formance which are all indicators that point towards the strengthen- ing of the economy and that is the positive that needs to be taken from this statistics,” External link

jonesbahamas Wednesday, May 15, 2019 5:43:00 PM EAT

Peter Turnquest said : “The fact of the matter is that we cannot absorb any and everybody into this economy,” External link

thenassauguardian Wednesday, May 15, 2019 3:38:00 PM EAT

Peter Turnquest said : “Any suggestion that we ought to just fling open the doors and every and anybody can come is inherently disadvantageous and dangerous and reckless to the Bahamian people,” External link

thenassauguardian Wednesday, May 15, 2019 3:38:00 PM EAT

Peter Turnquest said : “I note the critics, and the fact of the matter is that they have no basis for any criticism in this regard, given the track record,” External link

thenassauguardian Wednesday, May 15, 2019 3:04:00 PM EAT

Peter Turnquest said : “There is no doubt this performance is also hav- ing positive impacts on wholesale and retail trade, and general improvements in con- sumer and business con- fidence have translated into the observed increase in consumption by households and in business spending,” External link

jonesbahamas Tuesday, May 14, 2019 4:59:00 PM EAT

Peter Turnquest said ( about The Deputy ) : “We congratulate the DOS on its efforts to modernize and expand the country’s available statistical data. This is an encouraging develop- ment, and the Government looks for- ward to the evolution of the data coverage and planned methodological improvements for this new series. Going for- ward, the timely release of more frequent data on the national accounts will benefit, not only the Government, in its ability to analyze and respond to short-term economic developments, but also consumers and investors in their decision making processes,” “The importance of quarterly GDP statistics cannot be understated, as it provides an almost real time look at the move- ments and performance of the economy. This information can point to dynamic relationships occurring that either drive or drag economic growth. This is key for economic modelling pur- poses and for the appro- priate timing of economy policy. Annual GDP stats cannot give you this insight,” External link

jonesbahamas Tuesday, May 14, 2019 4:59:00 PM EAT

Peter Turnquest said : “The key takeaways are that economic growth is positive, our momentum has firmed and it is being driven by the private sector,” External link

thenassauguardian Tuesday, May 14, 2019 3:50:00 PM EAT

Peter Turnquest said : “This exercise is long overdue to help address known challenges will the RPT system and general inefficiencies in the Government’s tax administration. It will help to reduce further revenue leakage caused by dated, incomplete and inaccurate data currently stored in the system, and allow for fair and timely assessments, using quantifiable and objective criteria,” External link

bahamas-gov Monday, May 13, 2019 12:35:00 PM EAT

Peter Turnquest said : “I don’t see any tax adjustments per se. I think what you will find is there may be some minor adjustments to how some of these taxes would be applied and we may have the introduction of some fees for some services that have been escaping us, for instance the Airbnb kind of things,” External link

thenassauguardian Thursday, May 9, 2019 2:50:00 PM EAT

Peter Turnquest said : “We put out our three-year fiscal plan and we are fairly satisfied with the results that we received from that this year. We need to stay faithful and allow the process to work out, be disciplined in respect of the plan,” External link

thenassauguardian Thursday, May 9, 2019 2:50:00 PM EAT

Peter Turnquest said ( about Benjamin Davies ) : “This is what it is all about,” “I want to see him at every airport throughout this country and electric cars being the predominant rental vehicles in this country. When we first started the SBDC, one of the things I said I wanted to do was to create millionaires, and Davis is well on the way” External link

thenassauguardian Wednesday, May 8, 2019 4:01:00 PM EAT

Peter Turnquest said : “When you see a gem come along that is interested in self-development and creating opportunities, it makes us all, as leaders, very proud,” “It says that all is not lost, that we as Bahamians have the opportunity to create our opportunities, to cut a new path and take more control of our economic circumstances” External link

thenassauguardian Wednesday, May 8, 2019 4:01:00 PM EAT

Peter Turnquest said : “We are looking into it because we want to be factual, but we know that the reductions that we have done in duty rates would have had some effect and we know that the completion of some of the projects that have been ongoing would have also had some effects, but we are not able to say yet to the line what the major categories for the decrease were,” External link

thenassauguardian Wednesday, May 8, 2019 4:01:00 PM EAT

Peter Turnquest said : “The United States has been losing, for many years, 600 to 800 Billion Dollars a year on Trade. With China we lose $500 billion. Sorry, we’re not going to be doing that anymore!” External link

thenassauguardian Tuesday, May 7, 2019 4:13:00 PM EAT

Peter Turnquest told : “We do intend to pursue it to ensure that the government collects the revenue that is due. There has been a negotiation and some accommodations made in regards to our initial opposition. I don’t see us moving from that point at this stage,” External link

thenassauguardian Wednesday, May 1, 2019 3:34:00 PM EAT

Peter Turnquest told : “We have not reached our goal yet,” External link

thenassauguardian Wednesday, May 1, 2019 3:02:00 PM EAT

Peter Turnquest explained : “We are looking at an innovative product that we are trying to create that will widen the participation of the average Bahamian in the ownership of government assets,” External link

thenassauguardian Saturday, April 27, 2019 2:09:00 PM EAT

Peter Turnquest said : “Over that period our rating or ‘score’ has improved from 56.65 to 58.90. The government, however, is actively pursuing a net increase of some 20 points, which would lift The Bahamas dramatically in terms of its rank on the list,” “To make this a reality, one of the prime areas identified, where the government could introduce the necessary reforms to both improve the ease of business, and our rating on the report, was in the area of protecting minority investors” External link

thenassauguardian Friday, April 26, 2019 3:07:00 PM EAT

Peter Turnquest said : “This has been a very challenging process because each regulator has its own focus and priorities; all of the stakeholders have particular concerns and priorities and trying to get them all on the same page is not always an easy process,” “As an industry, the government through the OAG, Ministry of Finance and Ministry of Financial services, we are doing all of the things we need to do to ensure that we clear all the outstanding issues. We’ve already made tremendous progress in clearing away the 40 points that were raised in the last evaluation, we’re now down to 18. We have a few more to go, with FIU being a central focus of those remaining issues. We are committed to ensuring that at the next evaluation we will have very few if any outstanding issues and then we go back to the world and say look at The Bahamas, the criticisms that you are making of us are unfair as we all know they are, and we can justify and here’s why” External link

bahamas-gov Thursday, April 25, 2019 11:22:00 PM EAT

Peter Turnquest said ( about Financial Intelligence Unit ) : “This year we have upgraded our Financial Intelligence Unit. We have engaged new leadership with a new director, Mr. Quinn McCartney, former deputy commissioner of the Royal Bahamas Police Force. We’ve also added to the compliment of the FIU staff by hiring a forensic accountant, and we will continue in accordance with the human resources plan that has been put forward by the director to supplement the human resources capabilities of the FIU with additional forensic accountants, additional analysts and additional informational technology experts, so that we have a fully functional, fully qualified FIU,” External link

thenassauguardian Friday, April 5, 2019 5:18:00 PM EAT

Peter Turnquest said : “One of the criticisms from this report and the FATF has been that we have not been able to document the disposition of STRs and this system will allow us to track. Also, at the attorney general’s office, they are in the process of acquiring a $2.3 million case management system that will also allow us to be able to track this system through the judicial system and be able to provide real time status of these cases,” “The system that we are implementing is a state-of-the-art system that is being used throughout the jurisdiction and will allow for more effective communication and updating of the records of these cases as they go through” External link

thenassauguardian Friday, April 5, 2019 5:18:00 PM EAT

Peter Turnquest said : “The whole issue of crypto currencies and assets is very dynamic. We have been deliberate in creating a regulatory environment that safe- guards the country’s eco- nomic interests and shores up our global competitive- ness. These efforts will help to grow our reputa- tion as an innovative and responsive financial cen- tre,” External link

jonesbahamas Wednesday, April 3, 2019 9:01:00 PM EAT

Peter Turnquest said : “New legislative initia- tives will facilitate these growth opportunities and drive innovation and diversification in the industry. I look forward to presenting the Bill to Cabinet when the public consultation phase is com- plete,” External link

jonesbahamas Wednesday, April 3, 2019 9:01:00 PM EAT

Peter Turnquest said : “There is anticipated to be some slowdown in the amount of work they can manage, but they do have a commitment to continue forward and maintain as much as the employment as they can,” External link

jonesbahamas Wednesday, April 3, 2019 9:01:00 PM EAT

Peter Turnquest said : “However, as we have demonstrated the whole of 2018, we are up to the challenge and we are committed to doing what we have to do to ensure that the financial services industry is in fact protect- ed,” External link

jonesbahamas Wednesday, March 13, 2019 7:30:00 PM EAT

Peter Turnquest said : “Again the important thing is that the Bahamas is at the table and we are participating in the dis- cussions and are keeping abreast of the develop- ments and not allowing ourselves to fall behind like we did in the past,” External link

jonesbahamas Wednesday, March 13, 2019 7:30:00 PM EAT

Peter Turnquest said : “It is a complete and utter falsehood,” External link

thenassauguardian Friday, March 1, 2019 4:42:00 PM EAT

Peter Turnquest said ( about Debt Management ) : “Specifically, the Public Financial Management Bill is being drafted with assistance from the IMF’s Caribbean Technical Assistance Centre (CARTAC), and is expected to modernize and eventually replace the Financial Administration and Audit Act, 2010,” “Its main objective is to provide a more comprehensive legal framework that will provide the necessary support to strengthening the oversight, management and control of public funds” External link

thenassauguardian Thursday, February 28, 2019 5:48:00 PM EAT

Peter Turnquest said : “With this new agreement, projected revenues to be collected from the gaming houses will be somewhat below the amounts that had been included in the 2018/18 Budget, in the sum of approximately $18 million,” External link

thenassauguardian Wednesday, February 27, 2019 9:35:00 PM EAT

Peter Turnquest said : “We have no intention of giving up any ground we occupy as a premier international financial center. We are adapting to the changing environ- ments and encouraging the industry to innovate and develop new competi- tive products to meet the demands of the market. Investors can be assured The Bahamas will contin- ue to be a reliable provider of sophisticated, high quality financial services products that meet their needs,” External link

jonesbahamas Wednesday, February 27, 2019 8:27:00 PM EAT

Peter Turnquest said : “We are undertaking several other initiatives to boldly lead the Bahamas into a dynamic future, including preparing Bahamians to take advan- tages of the opportunities to that we have. We’re preparing Bahamians to be business owners with unprecedented invest- ments in entrepreneurship with 25 million allocated over the next 3 years. The era of finishing school and looking for a good job in the govern- ment is over, we want to empower our work force to be highly trained, secure private sector jobs and create their own jobs,” External link

jonesbahamas Wednesday, February 27, 2019 8:27:00 PM EAT

Peter Turnquest said : “So, again, as I take that side step just to say to the industry, do not be afraid to be creative, bold; to have courage. I can tell you the government will support you, as long as you’re not doing anything illegal,” External link

jonesbahamas Wednesday, February 27, 2019 8:27:00 PM EAT

Peter Turnquest said : “No matter how cooperative or how compliant we are as a nation, larger countries exercise their liberty to create new rules at will, with an expectation for everyone to immediately fall in line, no matter the resources we need to marshal or the investments we need to make,” External link

thenassauguardian Wednesday, February 27, 2019 4:35:00 PM EAT

Peter Turnquest said : “This is 2019, and it doesn’t matter how many blacklists pop up to unfairly stick The Bahamas on, the fact will remain: We are a clean, compliant and cooperative wealth management jurisdiction, providing competitive financial services. We compete on the strength of our services and the quality of our professionals, and we eschew any and all efforts to introduce AML/CFT risk into our system. This government is committed to keeping up with any regulator or legislative reforms that are necessary to maintain our position as a global leader,” “We have no intention of giving up any of the ground we occupy as a premier international financial center. We are adapting to the changing environment and encouraging the industry to innovate and develop new competitive products to meet the demands of the market. Investors can be assured The Bahamas will continue to be a reliable provider of sophisticated, high-quality financial services products that meet their needs” External link

thenassauguardian Wednesday, February 27, 2019 4:35:00 PM EAT

Peter Turnquest told : “Some of it has to do with their concerns about money laundering and counter terrorism financing, actual tax avoidance and evasion concerns, but a lot of it has to do with competition, and that is where it starts to break down, the framework starts to break down,” External link

thenassauguardian Friday, February 22, 2019 4:35:00 PM EAT

Peter Turnquest said : “We believe again, that we have done everything that we need to do from a prudential point of view to ensure that we have a robust AML/CFT and tax evasion regime, regulatory environment with all of our various regulators, more so than a lot of the European countries or North American countries,” External link

thenassauguardian Friday, February 22, 2019 4:35:00 PM EAT

Peter Turnquest said : “We are not close to a surplus as yet, but the steady march forward will continue and must continue,” External link

thenassauguardian Thursday, February 7, 2019 5:27:00 PM EAT

Peter Turnquest said : “The Bahamian people are tired of the mismanagement. They are tired of having to wait for their basic needs to be met. They are tired of having to put their dreams on hold because the government cannot get it together. We recognized this on day one and decided to look in the mirror and say, ‘let’s put the government in check’,” “The Bahamian people deserve to know what abundance looks like, what prosperity feels like. Now imagine a government committed to delivering a surplus, which means not having just enough, but having more than enough to invest in the basic needs of the people, and their hopes and dreams” External link

thenassauguardian Thursday, February 7, 2019 5:27:00 PM EAT

Peter Turnquest said : “When I presented the government’s budget last June, we announced an allocation $5.5 million for micro, small and medium-sized enterprises,” “We promised this money would go directly to entrepreneurs. Today, we are making good on that promise. And thanks to the tremendous efforts of the SBDC and its partners, we are delivering even more” External link

thenassauguardian Thursday, February 7, 2019 5:27:00 PM EAT

Peter Turnquest said : “By bringing in additional funding from our partners, we leveraged the government’s $5.5 million to secure up to $9 million in capital financing for small businesses across The Bahamas,” External link

thenassauguardian Thursday, February 7, 2019 5:27:00 PM EAT

Peter Turnquest said : “Where it is located gives an opportunity for not only the Freeport or the western side of the island to benefit but also the Eastern side,” External link

thenassauguardian Wednesday, February 6, 2019 4:34:00 PM EAT

Peter Turnquest said : “Mr. Speaker, as far as the government can ascertain, this story is untrue in its entirety,” External link

thenassauguardian Wednesday, January 30, 2019 10:12:00 PM EAT

Peter Turnquest said : “the country’s bond rating is at junk status” External link

jonesbahamas Thursday, January 24, 2019 1:58:00 PM EAT

Peter Turnquest said : “But, our target is a level of growth that will reduce unemployment in a sustained way, and will be felt evenly across the country, so the work must continue and intensify,” External link

jonesbahamas Tuesday, January 22, 2019 6:01:00 PM EAT

Peter Turnquest said : “They’re depriving them from economic activity and from the livelihood and capital they need in order to con- tinue in business,” External link

jonesbahamas Monday, January 14, 2019 5:24:00 PM EAT

Peter Turnquest said : “We remain concerned, and have voiced these concerns in international forums, about the appearance of shifting goal posts when it comes to the Bahamas and other international finance centres. We will continue to press and argue this point in the international arena,” External link

tv6tnt Friday, January 4, 2019 6:58:00 PM EAT

Peter Turnquest said : “We expect that our demonstrated commitment to operate within the framework of mutually agreed standards that are accepted by all stakeholders, will allow the Bahamas and the global community to move forward and get down to the work of doing business in a marketplace characterized by more transparent rules that lead to equity and fair competition,” External link

tv6tnt Friday, January 4, 2019 6:58:00 PM EAT

Peter Turnquest said : “As a result of recent amendments made to the Business License Act to streamline the application process, companies will be able to apply for a provisional license that can be processed in a matter of days,” External link

tv6tnt Friday, January 4, 2019 6:58:00 PM EAT

Peter Turnquest added : “Let me be clear, while the Bahamas is committed to taking progressive steps to adjust to the requirements of operating in the constantly evolving paradigm that is the global financial system, we will uphold our sovereign right to do what is in the best interest of our economy and what is most aligned with our economic development, at all times,” External link

tv6tnt Friday, January 4, 2019 6:58:00 PM EAT

Peter Turnquest said : “However, as we look around the world and see what’s happening and see all the upheaval that’s happening. It says to us that we have to get our fiscal house in order and take the opportunity while we have some buffers to do that so that when hard times come, if there is another recession which some people pre- dict that we are pre- pared,” External link

jonesbahamas Wednesday, December 12, 2018 6:46:00 PM EAT

Peter Turnquest said : “More than anything the report says to us, ‘You’re on the right track, you need to continue with the disciplined measures that we have in place’. We need to keep our expenditures in line and continue with the growth initiatives that we’ve put forth, and again just being very communicative with the Bahamian people and ensuring that we do the best we can to meet our commitments with respect to the Fiscal Responsibility Act,” External link

thenassauguardian Wednesday, December 12, 2018 4:49:00 PM EAT

Peter Turnquest said : “This is something we identified and acted on in the last fiscal year, and we will continue to consider all necessary option as we also recognize that containing our expenditure is critical,” External link

tv6tnt Tuesday, December 11, 2018 6:36:00 PM EAT

Peter Turnquest said : “We also anticipate significant improvements around our tax collection, accounting and auditing functions as a result of bolstered staffing and process reform. This will help to reduce revenue leakage, build internal capacity and strengthen compliance opportunities,” External link

tv6tnt Tuesday, December 11, 2018 6:36:00 PM EAT

Peter Turnquest said : “The government will stay the course with its fiscal strategy to boost economic growth, strengthen the fiscal balance and increase transparency and government accountability,” “Our policies are starting to pay a dividend in terms of transforming the way government operates. We are pleased to see that the efforts are being recognized by the IMF and others. However, our economic recovery still is not as buoyant as we would like to see it; we recognize that our policies, which are really groundbreaking in many respects, still need to fully set in” External link

thenassauguardian Tuesday, December 11, 2018 4:57:00 PM EAT

Peter Turnquest said : “We take our commitment to balancing the budget very seriously, which means there are still some hard decisions to be made,” “The IMF noted the need for decisive measures to contain expenditure growth in the short and medium term. This is something we identified and acted on in the last fiscal year, and we will continue to consider all necessary options as we also recognize that containing our expenditure is critical” External link

thenassauguardian Tuesday, December 11, 2018 4:57:00 PM EAT

Peter Turnquest said : “Let me state for the record that it is not the intent of the government to interfere or to monitor, other than for defined purposes, the activities of any organization, be they religious, civic, social, that is not the intent of this bill,” External link

thenassauguardian Thursday, December 6, 2018 5:18:00 PM EAT

Peter Turnquest said : “All countries around the world, from big to small, are faced with the same challenges,” External link

thenassauguardian Thursday, December 6, 2018 5:18:00 PM EAT

Peter Turnquest said : “The over-riding objective of this bill is to provide for regulations to ensure that non-profit organizations are operating in a transparent manner and are not engaged in activities which constitute an identified risk as defined in the Proceeds of Crime Act (ch 92); namely activities involving corruption, cybercrimes, human trafficking, money laundering, or financing of terrorism or proliferation or financing of weapons of mass destruction,” External link

jonesbahamas Thursday, December 6, 2018 5:04:00 PM EAT

Peter Turnquest said : “This new regulatory landscape is taking place in a context of rapid change, rising nationalism in G20 counties around the world, and global upheaval in the financial services sector,” External link

thenassauguardian Thursday, December 6, 2018 4:52:00 PM EAT

Peter Turnquest explained : “our record of cooperation in tax matters with our international partners through mutual legal assistance treaties and tax information exchange agreements, and other bi-lateral cooperation agreements, has demonstrated our commitment to transparency standards and international best practices, and they have worked though we acknowledge the need for better efficiency in the processes” External link

thenassauguardian Thursday, December 6, 2018 4:52:00 PM EAT

Peter Turnquest said : “We are removing the exemptions on the IBC in some cases and in other cases we are granting domestic companies some of the advantages previously enjoyed exclusively by IBCs,” “The net effect will be to equalize the two types of companies so that each is able to do what the other can” External link

thenassauguardian Thursday, December 6, 2018 4:52:00 PM EAT

Peter Turnquest stated : “this particular piece of legislation did not help us to create the kind of certainty to attract investors here for the long-term. The Bill did not help spur investment in Grand Bahama. It did the exact opposite” External link

freeport Saturday, October 28, 2017 12:50:00 PM EAT

Peter Turnquest said : “This eliminates the need for any licensee of the Grand Bahama Port Authority to apply to the Central Government to receive any concessions. That entire regime will be done away with once this bill is passed,” External link

freeport Saturday, October 28, 2017 12:50:00 PM EAT

Peter Turnquest added : “I can’t stress that enough because people don’t necessarily understand how important Grand Bahama is to the entire health of this country, because it is still the second largest economy in the country, never mind that Abaco is gaining on our heels every day and other islands like Exuma are holding their own,” External link

bahamas-gov Thursday, October 26, 2017 5:30:00 PM EAT

Peter Turnquest added : “If (Grand Bahama’s economy) fails, it will cause enormous pressure on the rest of the country,” “So, I can’t understate how important it is for us to get Grand Bahama right” External link

bahamas-gov Thursday, October 26, 2017 5:30:00 PM EAT

Peter Turnquest stated : “This Bill will not help you if you are in a situation, where you do not have an income it will not protect you,” External link

freeport Thursday, March 9, 2017 10:14:00 PM EAT

Peter Turnquest suggested ( about Credit Bureau ) : “We need a Credit Bureau so that we can prevent the creditory lending practices that we have. We need Debt Protection Laws, so that people have the opportunity to reorganize their finances not only their mortgages, but all of their finances,” “We need consumer protection, the fact that we have all of these fees that have been added to the Bahamian people by all of these banks is just unconscionable, it is immoral. The fact that we have lost these banks in these communities, again, Mr. Speaker, there is no civic responsibility and we have to fill that void. That is going to cause the illegal banking industry to pop up again. It is a treat to our financial system Mr. Speaker,” External link

freeport Thursday, March 9, 2017 10:14:00 PM EAT

Peter Turnquest said : “We need to understand what the situation is with the sale of mortgages to Gateway Financial by Scotiabank. What was the value of the loans sold verses that paid by Gateway and was that same offer made to the individual mortgagors to settle their outstanding amount, or, were they just sold lock stock and barrel to Gateway as chattel, to pay full values while Gateway gets their asset for pennies on the dollar which they can turnaround and sell for full value?” External link

freeport Thursday, March 9, 2017 10:14:00 PM EAT

Peter Turnquest said : “We intend to put in a fiscal rule policy which will help us to control the debt, recognizing that we only have so much resources available to us and thus we limit our expenditures,” “We intend to expand the economy, empowering local entrepreneurs through incentives and getting them to take more of a stake in the overall economic activity in the economy” External link

thenassauguardian Thursday, March 9, 2017 1:51:00 PM EAT

Peter Turnquest said : “Our prime minister, I call him ‘Gold Finger,’ has always shown you what he thinks of you, the disrespect he showed the entire country because someone dared to ask a question, that’s all they did,” External link

tribune242 Tuesday, March 7, 2017 7:13:00 AM EAT

Peter Turnquest said : “The prime minister said his party is unified, he said ‘we can’t trust them other fellas because we don’t know who will be leader.’ Well I have news for him, if he don’t know himself, his members have been trying to get rid of him for the last five years. Ask Alfred Sears, ask Obie Wilchcombe, ask Fred Mitchell, ask ‘Brave’ Davis, who isn’t so brave because he wouldn’t take the shot, at least Alfred Sears took the shot,” “They all tried to get rid of him and Mr Christie had the nerve to say well ‘I staying because my people tell me they want me to stay.’ So the news ask the members of the governing party and one by one they say ‘not me I didn’t ask him to stay.’ But because of the way they operated their party they couldn’t get rid of him, but since they failed, your FNM with the help of God we will do the job for them. We will fire Mr Christie and this worthless PLP as soon as they are bold enough to call the next election” External link

tribune242 Tuesday, March 7, 2017 7:13:00 AM EAT

Peter Turnquest said : “Right now the deficit, according to the latest Central Bank report, is up to $314 million. When you consider the decline in revenue collection and the increase in expenditures with no indication that it’s going to update anytime soon, particularly in an election year, it is likely we will meet or exceed the recurrent deficit that was left in 2012 and that is despite the added impact of VAT” External link

tribune242 Wednesday, March 1, 2017 3:02:00 AM EAT

Peter Turnquest noted : “The report indicates that a 4.2 per cent rise in personal emoluments has occurred,” External link

tribune242 Wednesday, March 1, 2017 3:02:00 AM EAT

Peter Turnquest said : “Since the hurricane (Matt-hew) passed and students’ homes were destroyed, even more students need lunches provided by the government, but they are not there to help. I am proud of our young people though as they have stepped up and shared their lunches with those that the government is failing. This meal is the only meal that some of our students are getting for the day. The PLP Government should learn from these students and step up and do their job to help our children,” External link

freeport Friday, February 24, 2017 2:39:00 AM EAT

Peter Turnquest said ( about Andre Rollins ) : “To the extent that Mr Rollins wishes to participate in the Free National Movement (and) certainly he has the skills, I am sure we can utilise and we will see if we can use it,” “We are in the business of building a party and a country. We are not in the business of running anyone away or turning anyone who wants to support our mission away” External link

tribune242 Thursday, February 23, 2017 2:56:00 AM EAT

Peter Turnquest said : “It’s incumbent upon us to go and win the election,” External link

tribune242 Friday, February 17, 2017 1:07:00 AM EAT

Peter Turnquest said : “The boundary adjustments smack of desperation and a government who know that they have lost the support of the majority of Bahamians,” External link

tribune242 Tuesday, February 14, 2017 12:37:00 AM EAT

Peter Turnquest said : “At the end of the day, if the project does not employ or allow local entrepreneurs to participate, then I believe that it will ultimately end up being a bad thing for Grand Bahama,” External link

freeport Saturday, February 11, 2017 2:10:00 AM EAT

Peter Turnquest concluded : “They must have the opportunity to operate some of the vending opportunities that may arise that we do not allow the on-shore experience to be just an extension of just the on-board experience. We must make arrangements with these cruise lines, where we, the people, who provide the product benefit,” External link

freeport Saturday, February 11, 2017 2:10:00 AM EAT

Peter Turnquest added : “Then to have this blow, it has been a serious disappointment to the island,” External link

freeport Thursday, February 9, 2017 3:02:00 AM EAT

Peter Turnquest said : “As we know, and what many experienced during the last hurricane, without the benefit of electricity the basic necessity of water becomes very challenging. This is a project that is very necessary and will impact the lives of our residents and as such, is one that is appreciated very much,” External link

freeport Wednesday, February 8, 2017 1:23:00 AM EAT

Peter Turnquest said : “Access to clean water is not only a basic need for mankind, but also a necessity for sustainable forms of life,” External link

freeport Wednesday, February 8, 2017 1:23:00 AM EAT

Peter Turnquest said : “I want to correct the minister,” External link

tribune242 Thursday, February 2, 2017 11:45:00 PM EAT

Peter Turnquest added : “Further Mr Speaker, the member mentioned about all these other things that value added tax paid for. Mr Speaker, the record will reflect that we borrowed $232m for boats,” “You can’t stand here in this House and say that value added tax paid for boats. You can’t say that Mr Speaker. You cannot say that VAT paid for these things that the Bahamian people know we borrowed money for and that we are paying the price for today” External link

tribune242 Thursday, February 2, 2017 11:45:00 PM EAT

Peter Turnquest said : “The fact is that the public would know that since the government has come to office there has been an increase in the national debt to the tune of some $2bn,” External link

tribune242 Thursday, February 2, 2017 11:45:00 PM EAT

Peter Turnquest said : “more now than ever, the risk is too great to return governance to the PLP” “They’re unfit to govern after derailing economic gains following the global economic recession which started to rebound in 2010,” External link

tribune242 Wednesday, February 1, 2017 12:37:00 AM EAT

Peter Turnquest said : “The state of the Grand Bahama Sports Complex highlights the uncaring contempt the PLP holds for our talented and promising young Bahamians. For months now, with pressure from public servants connected to the facility, its own political supporters, editorial forces, the Free National Movement, and residents generally, this inept government has worked at a snail’s restoration pace. As the track and field season begins with schools hosting house sports activities and top athletes and coaches wanting to prepare, the complex is found lacking,” External link

freeport Friday, January 27, 2017 9:28:00 PM EAT

Peter Turnquest alleged ( about Michael Darville ) : “He (Minister Darville) stated that Water and Sewage were checking for leaks, but that was not the facts,” External link

freeport Thursday, January 26, 2017 1:49:00 AM EAT

Peter Turnquest maintained : “They need to install a larger storage tank and preferably set it up to gravity feed the community. Presently, they use a pump to push the water from the storage through the lines, which is expensive and subject to fault,” External link

freeport Thursday, January 26, 2017 1:49:00 AM EAT

Peter Turnquest said : “It is not enough, assisting 350 persons is not nearly enough,” External link

tribune242 Thursday, January 26, 2017 1:15:00 AM EAT

Peter Turnquest said : “The voucher system in respect to Grand Bahama and speaking particularly for East Grand Bahama, residents are reporting that it is very difficult, if at all, that they are able to get vouchers. They have been assessed but it seems very slow in them getting any kind of assistance. I wonder what the system is, in respect to that and if there are any efficiencies that are affected in the short term,” External link

freeport Monday, January 23, 2017 9:50:00 PM EAT

Peter Turnquest said : “I believe that we are at the stage now, where those vegetative piles of debris are now being contaminated with hard materials, which is going to make it much more difficult to pick up,” External link

freeport Friday, January 20, 2017 12:03:00 AM EAT

Peter Turnquest said ( about Traffic Department ) : “The lack of proper planning and procurement in the Road Traffic Department is astounding and a spectacular failure on behalf of the Ministry of Transport and Aviation, as well as the Ministry of Grand Bahama,” “As this department is responsible for the administration of the road traffic licensing and inspection functions for which a fee is collected, we call on the government to provide value for money to the people of Grand Bahama who deserve first-class service in a modern society,” External link

tribune242 Friday, January 13, 2017 8:34:00 PM EAT

Peter Turnquest maintained : “This is an issue I have been instrumental in chasing. We have had some success, but further intervention is needed. At the end of the day, this plant has not been meeting the needs of the residents for quite some time and in addition to low pressure has had intermittent quality issues, rusty water, and high chlorine smell,” External link

freeport Thursday, January 5, 2017 12:10:00 AM EAT

Peter Turnquest stated : “For nearly five years this government has demonstrated hostility towards Bahamian workers, very rarely ever standing up for or, being on their side,” External link

tribune242 Friday, December 23, 2016 1:10:00 AM EAT

Peter Turnquest said : “We remain committed to improving their lives and conditions,” External link

tribune242 Friday, December 23, 2016 1:10:00 AM EAT

Peter Turnquest said : “We cannot and will not, concede to such a process, as it would be harmful to our party and our system of governance. The Bahamas prides itself on being a stable and well-organized system of government and the actions by these seven pose a threat to that reputation. It is unacceptable and must be rejected by all sensible citizens,” External link

freeport Tuesday, December 20, 2016 3:08:00 AM EAT

Peter Turnquest said ( about Branville McCartney ) : “Their requests were obviously unacceptable to the FNM. We are a national party intent on recapturing the government of the Bahamas. We are confident in our ability to win an election and we are not distracted by the imaginations of the DNA or Mr McCartney,” External link

tribune242 Monday, December 19, 2016 10:56:00 PM EAT

Peter Turnquest told : “The FNM is a unified, steady party,” External link

thenassauguardian Monday, December 12, 2016 6:05:00 PM EAT

Peter Turnquest said : “Bahamians will recall the minister of tourism’s frequent early pronouncements over four years ago of a slew of proposed new casino operators he had lined up to take over,” External link

thenassauguardian Monday, December 12, 2016 6:05:00 PM EAT

Peter Turnquest said ( about Liberal Parti ) : “Grand Bahamians and the nation will recall the insensitive, negative statements made by the PLP (Progressive Liberal Party) prior to the 2012 elections over the FNM’s support for the casino and its workers, which allowed many families to survive in an economically depressed time, to feed and support their families while sustaining economic activity on the island,” “Despite the cost, the FNM administration felt compelled to take the action it did in support of our only remaining casino as an important amenity of our tourism product and as a commitment and solemn act of solidarity with Grand Bahamians” External link

thenassauguardian Monday, December 12, 2016 6:05:00 PM EAT

Peter Turnquest said : “The details of the contract have not been made public nor have the details of the business plan been made public,” External link

tribune242 Thursday, December 8, 2016 12:13:00 AM EAT

Peter Turnquest said : “I don’t know why the meetings were cancelled, I imagine that we will meet on (December 7) when the House reconvenes and hopefully at that time they will present a proposal with respect to any realignment,” External link

tribune242 Friday, December 2, 2016 2:04:00 AM EAT

Peter Turnquest said : “I don’t think we have enough information at this point,” External link

tribune242 Friday, December 2, 2016 2:04:00 AM EAT

Peter Turnquest said : “It is curious that the attorney general would take that position when this is not an ordinary situation,” External link

tribune242 Friday, December 2, 2016 12:35:00 AM EAT

Peter Turnquest said : “Didn’t we just have to borrow millions? Where are they getting the money from?” External link

tribune242 Wednesday, November 30, 2016 11:33:00 PM EAT

Peter Turnquest said : “Many of us feel that we are at a tipping point in this country where our basic values are under assault from crime and joblessness resulting in a breakdown in society,” External link

tribune242 Monday, November 28, 2016 6:53:00 PM EAT

Peter Turnquest added : “Our middle class, the backbone of any democratic society is under serious pressure and we have seemingly yet to respond to the threats though we have seen them coming for years,” External link

tribune242 Monday, November 28, 2016 6:53:00 PM EAT

Peter Turnquest stated : “I have often said that in theory I have no difficulty in any foreign entity owning land in the Bahamas, particularly for a productive purpose. I think in modern day thinking on the issue, we prefer to lease rather than sell, with the lease payment being utilized to fund entrepreneurial education and financing,” External link

freeport Friday, November 25, 2016 11:02:00 PM EAT

Peter Turnquest claimed : “I think that is very dangerous to our future sovereignty and ability to make decisions solely in the interest of Bahamians,” External link

freeport Friday, November 25, 2016 11:02:00 PM EAT

Peter Turnquest warned : “We have to move past the prospects of just Jobs, though (they) obviously important, to ensuring and tying in entrepreneurial and educational opportunities as well. We must utilize our land wisely for the long term development and empowerment of our own people and help them to achieve more,” External link

freeport Friday, November 25, 2016 11:02:00 PM EAT

Peter Turnquest said : “We need to know how the money is being collected and spent, $852 million is not a small amount of money, especially when it is taken from ordinary families who worked hard for that money,” External link

tribune242 Friday, November 18, 2016 9:17:00 PM EAT

Peter Turnquest said : “The one time we need money to be spent to help Grand Bahama and Andros recover they say the money is in the bank. (Do) you think these people serious? And they say they care about people,” External link

tribune242 Friday, November 18, 2016 9:17:00 PM EAT

Peter Turnquest said : “There’s no way any government could guarantee the mortgage of any citizen in the Bahamas who finds himself in a difficult situation. We are aware that some institutions have been very inflexible about various aspects about this however. It may be that we need to address that through legislation although I’m in favour of a cooperative solution than punitive action. Ultimately, I continue to believe the way to provide mortgage relief is to ensure people have good paying jobs” External link

tribune242 Thursday, November 17, 2016 8:25:00 PM EAT

Peter Turnquest maintained ( about Liberal Parti ) : “The governing Progressive Liberal Party (PLP) assured us (FNM Official Opposition and Bahamian people) that those funds were in the hands of contractors,” External link

freeport Wednesday, November 16, 2016 12:42:00 AM EAT

Peter Turnquest said : “The repairs of these schools ought to be a priority for any government irrespective of any other damages that exists as we want our children to be properly educated in a wholesome environment, and a properly functioning school helps them to get past the trauma they experienced during and after the storm,” External link

freeport Wednesday, November 16, 2016 12:42:00 AM EAT

Peter Turnquest declared : “Today I am touring both schools, taking stock of the damages as well as the concerns of the teachers and faculty, and raise the issue nationally with our government to ensure that they understand people are watching, are in need of help and the pressure to get the job done will continue to be applied until we receive the proper kind of result that is desperately needed,” External link

freeport Wednesday, November 16, 2016 12:42:00 AM EAT

Peter Turnquest told : “If it is not going to have that economic growth for Bahamians in East Grand Bahama, then it doesn’t make sense to deprive Freeport of that consistent revenue that already exists,” External link

thenassauguardian Wednesday, November 9, 2016 11:18:00 PM EAT

Peter Turnquest said : “The types of experiences that tourists, particularly cruise tourists would be. interested in terms of eco-tourism activities, is adventure tourism opportunities and natural island communities that would interest them in terms of the authenticity and quaintness of the people and experience,” External link

thenassauguardian Wednesday, November 9, 2016 11:18:00 PM EAT

Peter Turnquest said : “There would be infrastructural requirements to facilitate the development because it means it would bring upgraded facilities and infrastructure to the entire east GB,” External link

thenassauguardian Wednesday, November 9, 2016 11:18:00 PM EAT

Peter Turnquest said : “A significant percentage of the employees come from Freeport. So, you have people from High Rock and Mclean’s Town who watch people come from Freeport all day while they go down to Freeport to try and find employment. That doesn’t make sense,” External link

thenassauguardian Wednesday, November 9, 2016 11:18:00 PM EAT

Peter Turnquest said : “No government should find itself in such a position and this is what is so egregious and concerning about the rumoured Chinese deal in Andros and all the significant stakes a foreign state owned operation has in our country,” External link

tribune242 Tuesday, November 8, 2016 10:12:00 PM EAT

Peter Turnquest said : “In his words, $200,000 donated by Hutchison Whampoa had been paid directly to contractors and the balance of $1.2 million was sitting in the bank waiting for him and his team to... help people who are struggling today,” External link

thenassauguardian Tuesday, November 8, 2016 8:11:00 PM EAT

Peter Turnquest added : “We really can’t afford that no matter how noble the cause. Hopefully he will not scrap it because there is a desperate need for catastrophic coverage. But this could provide an opportunity to rethink the formula and the plans,” External link

tribune242 Monday, November 7, 2016 7:26:00 PM EAT

Peter Turnquest said : “Our government brags about taking home $600 million in VAT, some $200 million more than budgeted, yet the debt has not gone down and they still have cash flow problems,” External link

tribune242 Thursday, November 3, 2016 7:00:00 PM EAT

Peter Turnquest said : “A one word response to that is asinine. It’s an asinine statement,” External link

tribune242 Wednesday, November 2, 2016 9:53:00 PM EAT

Peter Turnquest said : “Deflect and refuse to be held accountable, that is what Minister Shane Gibson is trying to do by accusing me and the FNM of not wanting to help Bahamians suffering in the aftermath of Hurricane Matthew,” External link

thenassauguardian Wednesday, November 2, 2016 7:27:00 PM EAT

Peter Turnquest said ( about Michael Darville ) : “I call on Minister Darville to publicly outline what he has spent and in what areas,” External link

thenassauguardian Tuesday, November 1, 2016 9:51:00 PM EAT

Peter Turnquest said : “There is no doubt in anybody’s mind that the issue of a national lottery was clouded and certainly dominated by the issue of web shops and the numbers games,” External link

thenassauguardian Tuesday, November 1, 2016 9:51:00 PM EAT

Peter Turnquest said : “The PLP government’s minster handpicked by Prime Minister Christie to head national hurricane relief efforts, Shane Gibson, stated last week among other questionable things, that the Minister for Grand Bahama Dr Michael Darville has spent near or over one million dollars on clean up on Grand Bahama Island within weeks since the aftermath of Hurricane Matthew,” External link

tribune242 Tuesday, November 1, 2016 6:52:00 PM EAT

Peter Turnquest said ( about Michael Darville ) : “Needless to say, Ministers Gibson and Darville must understand the international implications. Countries and groups from around the world are also pledging significant support to our nation’s relief efforts,” External link

tribune242 Tuesday, November 1, 2016 6:52:00 PM EAT

Peter Turnquest said : “The PLP government’s minster handpicked by Prime Minister Christie to head national hurricane relief efforts, Shane Gibson, stated this past week among other questionable things, that the Minister for Grand Bahama Dr Michael Darville has spent near or over one million dollars on clean up on Grand Bahama Island within weeks since the aftermath of Hurricane Matthew,” External link

tribune242 Monday, October 31, 2016 10:18:00 PM EAT

Peter Turnquest added : “Not surprising, this uncaring and incompetent government has yet to offer a comprehensive and transparent plan to execute its hurricane relief efforts,” “While hundreds of Bahamians impacted by the storm continue to complain about being ignored or bypassed for political reasons, we commend civil servants, civic clubs, community groups and corporate Bahamas for all their respective initiatives. The government must now offer clear-cut details inclusive of where funds are being distributed” External link

tribune242 Monday, October 31, 2016 10:18:00 PM EAT

Peter Turnquest said : “I think that the government has to come clean as to what they gave up,” External link

tribune242 Friday, October 28, 2016 12:26:00 AM EAT

Peter Turnquest added : “For instance if it's West End, rebuilt homes should be elevated to account for the storm surge and roofs strapped down and shingles possibly sprayed with a material that will help hold the shingles in place. This material seemed to work well on the roofs that it had been applied to,” External link

thenassauguardian Friday, October 21, 2016 9:26:00 PM EAT

Peter Turnquest said : “We have a current national debt of almost $7 billion today and 85 percent public debt to GDP, which has an impact on our cost of borrowing and our ability to attract quality investments,” External link

thenassauguardian Friday, October 21, 2016 9:26:00 PM EAT

Peter Turnquest said : “It is clear that this PLP Government is a tax and spend government, lacking in fresh ideas, fiscal discipline and concern for the average Bahamian family’s increase in cost of living brought on by VAT and other taxes implemented in the last four and half years,” External link

thenassauguardian Wednesday, October 19, 2016 10:09:00 PM EAT

Peter Turnquest said : “I am nonetheless hopeful that all of the aforementioned will rebound and pick up steam,” External link

thenassauguardian Friday, October 14, 2016 6:04:00 PM EAT

Peter Turnquest told : “With power likely to be out for days if not weeks, commerce will be stagnant, affecting many as a result,” External link

thenassauguardian Tuesday, October 11, 2016 4:32:00 PM EAT

Peter Turnquest added : “Stop-over visitors are down and the effects of the all-inclusive concept are permeating throughout the island,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest said : “This must be done urgently as we are losing our road due to erosion and once that happens, the properties on the front road will follow,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest noted : “We need the new hospital promised and not in the limited space we understand has been selected. We can do better,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest maintained : “This created an unfair and political process where participation is primarily from two constituencies and from a special kind of family. This is unfair to the many young Bahamians who would ordinarily qualify for this program and would excel if given the opportunity,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest said : “Additionally, when you have an increase in interest payments at a rate higher than GDP growth, you have a problem. I fear we are at that point,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest suggested : “We need a Family Island Tourism Agenda rather the two fly and flies free Vincent Vanderpool’s model, we need to identify a reason for being. What the Family Islands need is their own identity and marketing maybe we can use the Cuban model of allowing native Family Islanders to open their homes to tourists allowing them the opportunity to ease into the hospitality industry,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest said : “Mr. Speaker, the Bahamian people have had enough and they are ready to move on. When one reviews the PLP’s Charter of Governance, the record of failed promises is extensive and growing. We expect no better over the course of the next year and this budget gives us no reason to expect better. Mr. Speaker, it is a matter of trust,” External link

freeport Thursday, October 6, 2016 12:35:00 PM EAT

Peter Turnquest said : “We also call upon them to revisit those contracts that are clearly overpriced, such as the Junior High School slated for West Grand Bahama. The Bahamian tax payer can no longer bear the burden of individuals being repaid for political loyalty and patronage, the tax burden is just too great and we will sink under the weight of additional taxation necessary to meet debt obligations,” “There is a limit to our capacity where an increasing percentage of government taxes are spent on debt financing rather than repayments and investment,” External link

thenassauguardian Tuesday, October 4, 2016 4:48:00 PM EAT

Peter Turnquest said : “His contributions to our party have been consistent and tangible, particularly to our candidates in West Grand Bahama and Bimini,” External link

tribune242 Tuesday, October 4, 2016 12:05:00 AM EAT

Peter Turnquest said : “Jeff will be missed by all of us and we thank him and his family for his contributions to our party, our community and our country,” External link

tribune242 Tuesday, October 4, 2016 12:05:00 AM EAT

Peter Turnquest said : “I do want to caution restraint on behalf of the unions because at the end of the day while any planned negative action will have an effect, that effect can have long term consequences for themselves and for the country,” “And so, we want to be very careful with any strike kind of action and any go slow kind of action, because we don’t want to jeopardize this very tenuous economy that we have today” External link

thenassauguardian Friday, September 30, 2016 4:52:00 PM EAT

Peter Turnquest suggested : “We must understand that in order to properly spur development in this competitive environment we find ourselves in, together with the international pressures on our financial services sector, we have to build a suite of incentives and products that attracts the best and brightest locals and international investor interest,” External link

freeport Friday, September 30, 2016 12:14:00 AM EAT

Peter Turnquest alleged : “So, while small Bahamian and large land holding Licensees of the Port are now required to provide business plans in order to receive real property tax exemptions, the largest offenders get off scot-free,” External link

freeport Friday, September 30, 2016 12:14:00 AM EAT

Peter Turnquest stated ( about The Deputy ) : “The medium and long-term risks have not been calculated, nor has the reality that such imposition will result in double taxation of Port Area residents and businesses as they pay both Real Property Tax and Port Authority service charges,” External link

freeport Friday, September 30, 2016 12:14:00 AM EAT

Peter Turnquest told : “Once again the government has launched the country's fiscal situation into chaos with unplanned and unexplained spending that has added to the growing fiscal deficit and ballooning national debt,” External link

thenassauguardian Wednesday, September 28, 2016 5:36:00 PM EAT

Peter Turnquest said : “It is obvious from the reported results that neither the government nor the commission learned a thing. They have once again wasted the Bahamian people's hard earned tax dollars on a pig in a poke,” External link

thenassauguardian Wednesday, September 28, 2016 5:36:00 PM EAT

Peter Turnquest said : “I think an investigation needs to be had to determine what exactly is going on with carnival and the BNFC. Absolutely, I think we have to look at last year and this year and determine how the government worked out these numbers because these figures come across as a design to lead the public to a pre-set conclusion,” “The Bahamian people go in to this festival with expectations, and now, it is clear that our expectations and theirs don’t hold up. Now they are saying $8.1 million was the final spend (from the government). Well I’m saying that all of that or part of it could have gone to alleviate many of these problems we are facing in this country,” External link

tribune242 Wednesday, September 28, 2016 5:22:00 PM EAT

Peter Turnquest said : “With only months remaining in office, it has become even more clear that this is a government big on promises and plans, but produces very little or in most cases, nothing,” External link

tribune242 Friday, September 23, 2016 11:40:00 PM EAT

Peter Turnquest told : “It cannot be a political process where the politicians are in control of who gets care and who joins the back of the line. This is a complex area and nothing to be rushed into, lest we mess up a bad system even more and continue to run up an unsustainable debt,” External link

thenassauguardian Friday, September 23, 2016 11:07:00 PM EAT

Peter Turnquest said ( about National Health ) : “This government's botched National Health Insurance initiative and failure to deliver a new hospital for Grand Bahama serves as further evidence of a lack of commitment related to quality health care for Grand Bahama residents and Bahamians, generally,” External link

freeport Friday, September 23, 2016 12:36:00 AM EAT

Peter Turnquest said : “I don’t know who would have commissioned the polls, but certainly the numbers are encouraging at this stage, given that we have not started our substantive campaign yet. But it’s very encouraging the numbers that are represented,” External link

thenassauguardian Tuesday, September 20, 2016 8:49:00 PM EAT

Peter Turnquest said : “The minister must be made to account for this unbelievable overrun and where not substantiated, made to return those funds to the Treasury forthwith. It must be apparent to all.... that this government is reckless and unapologetic in its blatant disregard for proper fiscal planning and control,” “The arrogance and uncaring conduct of ministers and the many seemingly inflated contracts being given to cronies is proof that this government cannot be trusted and has lost all respect and moral right to govern. The secrecy in which they conduct the Bahamian people’s affairs speaks to a larger issue of government’s disregard for the need to be transparent, accountable and responsible” External link

tribune242 Monday, September 19, 2016 6:22:00 PM EAT

Peter Turnquest added : “Focus on excellence and the task at hand. Do well!” External link

freeport Thursday, September 15, 2016 10:28:00 PM EAT

Peter Turnquest said : “With regard to the unfair label applied to The Bahamas as a tax haven, it should be widely noted by all of our international partners that the effective tax rate in The Bahamas is in excess of 40 percent, and while the effective rate on international financial services clients may be significantly lower, nonetheless these clients are subject to one of the most robust AML/CTF (anti-money laundering and counter-terrorism financing) regulatory environments and international best practice jurisdictions anywhere, as evidenced by the satisfactory results of successive peer reviews,” External link

thenassauguardian Thursday, September 15, 2016 2:17:00 AM EAT

Peter Turnquest said ( about Baha Mar ) : “If the only people being paid by the Claims Committee are those with contracts with Baha Mar, why is CCA involved in this committee? Why are they there and adjudicating claims? If creditors were making claims on them I could see them being involved to verify the claims but if the claims process doesn’t involve them then I don’t see why they would be there. More and more this whole thing looks like an irregular, ad-hoc, side arrangement between the government and the bank” External link

tribune242 Thursday, September 8, 2016 9:54:00 PM EAT

Peter Turnquest said : “So far it seems that all they have done is engage in a lot of hocus pocus leaving many Grand Bahamians and mature, veteran business owners searching the halls of their memories to reflect upon the days when on any given night a person could find entertainment, quality restaurants, activity and opportunities to grow and develop a career as opposed to just having a job,” External link

freeport Wednesday, September 7, 2016 12:37:00 AM EAT

Peter Turnquest said : “So we need to rethink what we are going to do with that property aside from the PLP-led government promoting that the reopening of the road would cause the redevelopment of the area,” External link

freeport Wednesday, September 7, 2016 12:37:00 AM EAT

Peter Turnquest said ( about Mr Johnson ) : “You can only do as much as people are transparent with you. As much as they are willing to concede and to provide information, that dictates what we are able to do. We do a very thorough vetting process to ensure people are financially capable and are of good character and sometimes circumstances just change in their lives. In this particular instance (of Mr Johnson), circumstances changed for multiple reasons that reflect the personal outlook of the candidates. You have to respect that and honour that. I’m proud of these men and see them as patriotic Bahamians for having stepped forward out of a desire to serve their country” External link

tribune242 Tuesday, September 6, 2016 10:34:00 PM EAT

Peter Turnquest said : “Being involved in politics involves a lot of personal sacrifice,” External link

tribune242 Tuesday, September 6, 2016 10:34:00 PM EAT

Peter Turnquest said : “The members of the government will have to dictate whether additional seats are necessary. Some of the geography really does not work. But we have to come at this with a practical point of view and a financial point of view recognising that every seat is another $50,000 added to the public expenditure roll so we want to be very careful” External link

tribune242 Wednesday, August 31, 2016 11:18:00 PM EAT

Peter Turnquest said ( about Leslie Miller ) : “There is a vast gulf between what Leslie Miller said and what the prime minister certainly implied,” External link

tribune242 Tuesday, August 30, 2016 10:52:00 PM EAT

Peter Turnquest asked : “How much is less and does it matter? Did we make money or did we piss away millions again?” External link

tribune242 Tuesday, August 30, 2016 9:19:00 PM EAT

Peter Turnquest said ( about Hubert Minnis ) : “There had to be more to the story than just Renward Wells,” “The recent revelation proves the fact that Cabinet was aware. As to details of that, I don’t know but the government has the obligation to disclose and to be clear. Dr Minnis called for an investigation into that and nothing has changed in that regard. People believe that because Wells is now an FNM something has changed, but that’s not the case. If there is wrongdoing it should be uncovered and disclosed. It’s obvious government knows more and knew more than they have said and that they have a duty to say” External link

tribune242 Monday, August 29, 2016 8:44:00 PM EAT

Peter Turnquest said : “I take note of the minister of state for finance’s assessment of the downgrade in that we are fortunate that we did not receive a double downgrade to junk status,” External link

tribune242 Friday, August 26, 2016 10:49:00 PM EAT

Peter Turnquest said : “Not many people will take on an unfinished project,” External link

tribune242 Wednesday, August 24, 2016 9:21:00 PM EAT

Peter Turnquest said : “The reality is what you’re seeing is an evolving country and party,” External link

tribune242 Tuesday, August 23, 2016 12:26:00 AM EAT

Peter Turnquest said : “We’re talking about government getting involved in a private entity,” External link

tribune242 Wednesday, August 10, 2016 10:38:00 PM EAT

Peter Turnquest said : “I thought the comments were on the edge, but he (Mr Moss) being an officer of the court I thought he knew what he was doing. I was little uncomfortable with that” External link

tribune242 Wednesday, August 10, 2016 12:01:00 AM EAT

Peter Turnquest asserted : “The Grand Bahama ecomony has declined tremendously and instead of giving incentives to further expand or grow the economy this government is seeking to further tax it to cause a sell-off,” “This Bill will not bring about the level of of investment that we seek or we need in Grand Bahama because it does not affect the major offender of this so-called land banking. What it can do is to force a sell off,” External link

tribune242 Tuesday, August 9, 2016 11:06:00 PM EAT

Peter Turnquest said : “He is a bright young man who has a future in our party and in politics and he’s certainly capable of handling this assignment,” External link

tribune242 Tuesday, August 9, 2016 9:07:00 PM EAT

Peter Turnquest said : “Well, Renward is a very qualified individual and is a very learned individual,” “He is very capable and we believe he will do a fantastic job” External link

thenassauguardian Tuesday, August 9, 2016 5:38:00 PM EAT

Peter Turnquest said : “I think that the course that he is on at the moment,” External link

tribune242 Friday, August 5, 2016 9:31:00 PM EAT

Peter Turnquest said : “I challenge Mr. Cash to show on any time or anywhere that he has ever heard Dr. Minnis, Peter Turnquest, [FNM Chairman] Sidney Collie or any of our officers of this party mention or raise the issue of race,” External link

thenassauguardian Friday, August 5, 2016 5:03:00 PM EAT

Peter Turnquest said ( about Hubert Minnis ) : “What Dr.Minnis has spoken to is the need for us to look at various communities to see how we can strengthen them and how we can incentivize them for further development,” External link

thenassauguardian Friday, August 5, 2016 5:03:00 PM EAT

Peter Turnquest told : “As I have said the Prime Minister lacks credibility on this issue having announced a number of restarts,” External link

tribune242 Wednesday, August 3, 2016 9:44:00 PM EAT

Peter Turnquest said : “The reality is no matter what happens its going to take a while for this to be done,” “Depending on what status the restart is at there may be some sensitivity involved in terms of the negations so I don’t want to prejudge that. However, at the end of the day, the Prime Minister has an obligation to deliver since he has inserted his government in it and keep the Bahamian people informed especially those who have a vested interest in terms of existing jobs and the creditors” External link

tribune242 Wednesday, August 3, 2016 9:44:00 PM EAT

Peter Turnquest said : “Those who were successful and those who weren’t. We need everyone on board. We are working to ensure that all members recognise they have a role to play and it is important to present a full team to the public,” External link

tribune242 Wednesday, August 3, 2016 9:44:00 PM EAT

Peter Turnquest said : “As far as I’m concerned the ministry would have very little to do with that report,” External link

tribune242 Tuesday, August 2, 2016 9:16:00 PM EAT

Peter Turnquest said : “It is a matter of respect,” External link

jonesbahamas Friday, July 29, 2016 7:29:00 PM EAT

Peter Turnquest said : “This is not about us and them, but a rising tide for all of us together,” External link

thenassauguardian Friday, July 29, 2016 5:02:00 PM EAT

Peter Turnquest added : “We also propose a fiscal rule where these large, unexplained contingent amounts we see in the annual budgets are reduced or eliminated,” External link

thenassauguardian Friday, July 29, 2016 5:02:00 PM EAT

Peter Turnquest told : “It’s a matter of respect. We can disagree with each other. We can take different positions. We have to remember that at the end of the day we have nothing if we don’t respect each other,” External link

thenassauguardian Friday, July 29, 2016 5:02:00 PM EAT

Peter Turnquest told : “A lot of statements have been made and so once the convention is done, we are going to see where they are at, whether they are willing to participate with us as a team,” External link

thenassauguardian Thursday, July 28, 2016 4:43:00 PM EAT

Peter Turnquest said : “I’m not sure as to where exactly she would have gotten that impression,” External link

thenassauguardian Thursday, July 28, 2016 4:43:00 PM EAT

Peter Turnquest said : “Certainly he has a very valuable role to play as a statesman and as a senior member of our party and we will take advantage of the talents and experiences he has. However we can only take him at his word for the moment,” External link

jonesbahamas Tuesday, July 26, 2016 10:18:00 PM EAT

Peter Turnquest said ( about Liberal Parti ) : “I believe once we have decided who will be leading us into the next general election, the party will rally around that person and we will unite in a common cause to defeat this Progressive Liberal Party and to rescue this country from the destructive path that it has been on for the last four years,” External link

jonesbahamas Tuesday, July 26, 2016 10:18:00 PM EAT

Peter Turnquest said : “Certainly he has a very valuable role to play as a statesman and as a senior member of our party and we will take advantage of the talents and experiences he has. However we can only take him at his word for the moment,” External link

jonesbahamas Tuesday, July 26, 2016 6:21:00 PM EAT

Peter Turnquest said ( about Liberal Parti ) : “I believe once we have decided who will be leading us into the next general election, the party will rally around that person and we will unite in a common cause to defeat this Progressive Liberal Party and to rescue this country from the destructive path that it has been on for the last four years,” External link

jonesbahamas Tuesday, July 26, 2016 6:21:00 PM EAT

Peter Turnquest said : “That’s the most asinine statement somebody could make,” External link

tribune242 Thursday, July 21, 2016 11:28:00 PM EAT

Peter Turnquest said : “Be that as it may, having not had the opportunity to give any input, we have to be hopeful that the government is successful in its efforts to allay the concerns of the ratings agencies,” External link

tribune242 Thursday, July 21, 2016 11:28:00 PM EAT

Peter Turnquest said : “It was agreed that the two leadership contenders at the time along with the party, that they would try to raise the money necessary to hold the convention,” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said : “I was sorely annoyed that this is the best we have for a significant threat to our way of life and the value of our investments. Basically, it is a bit late to be basing our economic future on ‘hope’. Hope is not a strategy, nor does it engender confidence that the government is confident of its position and economic plan,” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said ( about Baha Mar ) : “It is time to refocus the prime minister’s and country’s efforts to more productive, achievable pursuits and controllable gains, while keeping the pressure on the stakeholder parties to get a reasonable deal done on Baha Mar for the benefit of the Bahamian people,” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said : “stands as a testament to the dangers of building a future based upon someone else’s rain and sunshine” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said : “Things have steadily gotten worse and now the prime minister says he thought the backup generators were ordered. Who exactly is in charge here and when will heads roll? The FNM demands answers and the Bahamian people deserve relief!” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest said : “We were promised a business plan from BPL over a year ago and today we are no closer or it is a state secret, despite having cost the Bahamian taxpayer over $900,000. The FNM demands an explanation and the Bahamian people demand relief,” External link

thenassauguardian Thursday, July 21, 2016 4:45:00 PM EAT

Peter Turnquest declared ( about Association ) : “Undoubtedly, we all should partner with organizations like the Scouts Association of The Bahamas (Grand Bahama District) whose job is to instill in our youth good traditional values, discipline as well as the importance of giving back to the community ultimately developing better citizens,” External link

freeport Thursday, July 21, 2016 12:02:00 AM EAT

Peter Turnquest said : “Again this is a non-profit organization so every dollar goes back into it therefore, we urge corporate Bahamas as well as those who can to donate to the association and its efforts, as the more resources it has the more it is able to help instilling, guiding, molding and shaping the character and behaviors of these youngsters,” External link

freeport Thursday, July 21, 2016 12:02:00 AM EAT

Peter Turnquest said : “If we are to grow as a country, we need to recognize our full potential as a maritime destination. We are training and equipping our people. The work we are doing in exposing our captains and our seamen is incredibly valuable, as many of us believe the maritime industry is the way forward,” External link

freeport Tuesday, July 19, 2016 1:14:00 AM EAT

Peter Turnquest said : “Just because you were a delegate in previous years does not mean that you will be a delegate this year,” External link

tribune242 Monday, July 18, 2016 11:00:00 PM EAT



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