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TWO NEW MAJOR INVESTMENTS (BILLION DOLLAR INVESTMENT BOOM) GOVERNMENT SIGNS $55 M LOAN AGREEMENT FOR NORTH ELEUTHERA AIRPORT
 
BAHAMAS INVESTMENT FORUM IN WASHINGTON, DC --  Photographed above are some the participants of the first Bahamas Business and Investment Forum in Washington, DC organized by The Embassy of The Bahamas. From left to right are Senator Barry Griffin; Central Bank Governor John Rolle; Senator Quinton Lightbourn; Senator Michael Halkitis, Minister of Economic Affairs; Barbara Feinstein, U.S. Deputy Assistant Secretary of State; The  Bahamas Ambassador to the United States His Excellency Wendall Jones; The Hon. I. Chester Cooper, Deputy Prime Minister and Minister of Tourism and Investments; Ambassador Chet Neymour; Consul General Washington Patrick Adderley; Consul General New York Leroy Major; and Michael Fountain, Honorary Consul Chicago.

TWO NEW MAJOR INVESTMENTS (BILLION DOLLAR INVESTMENT BOOM)

The Deputy Minister and Minister of Tourism, Investments and Aviation, I. Chester Cooper has announced that the government will execute heads of agreements this month for more than $1billion of new investments in major touristic developments. It is understood that these projects are slated for Paradise Island and Cable Beach. Mr. Cooper made the announcement […]

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GOVERNMENT SIGNS $55 M LOAN AGREEMENT FOR NORTH ELEUTHERA AIRPORT

Shenia RobertsJournal Staff Writer Prime Minister Philip Davis and Deputy Prime Minister and Minister of Tourism and AviationChester Cooper visited the island of Eleuthera on Monday to sign a $55 million dollar loanagreement with the Saudi Fund for Development to facilitate updates to North Eleuthera’s airportterminal.The updates to North Eleuthera International Airport have been long […]

Pierre Denies Armed Robbery Charges

26 June 2019

An alleged armed robber was arraigned in Magistrate’s Court before Magistrate Samuel McKinney yesterday.  McKenzie Pierre, 26, of Boyd Road, was charged with four counts of armed robbery. He was not required to enter a plea and was subsequently remanded to the Bahamas Department of Corrections.  It is alleged that on Saturday June 15, Pierre, […]

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‘Threats to Lock Out Morton Salt Employees Frustrating,’ Says Brown

26 June 2019

The threat to lock Morton Salt employees out of the Inagua Salt Plant has only further infuriated the Bahamas Industrial Manufacturers and Allied Workers Union, whose President Jennifer Brown condemned such a move as doing neither party any good, but rather only frustrates the process and workers. Morton executives threatened as much last week after […]

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97 Haitians Charged with Illegal Landing

26 June 2019

Ninety-seven Haitian nationals appeared in the Magistrate’s Court in Inagua before Magistrate Kara Turnquest-Deveaux where they were charged with illegal landingand given an order of early deportation.  According to the Department of Immigration, the group charged included 86 adult males and 11 adult females. They were turned over to Immigration officials and are scheduled to […]

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Charges Dropped for 80-Year-Old Lawyer Accused of Stealing

26 June 2019

An 80-year-old lawyer was called upon to answer charges of fraudulent breach of trust and stealing by reason of service, a matter stemming back almost 10 years.  Miriam Curling, of 24 East Bay Street, appeared in Magistrate’s Court yesterday before Magistrate Samuel McKinney.  Mrs. Curling was charged with stealing $85,000 cash which was entrusted to […]

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We’re in Crisis

26 June 2019

The vexing load-shedding issue at Bahamas Power and Light is a ‘crisis,’ according to Bahamas Electrical Workers Union President Paul Maynard, who is now calling on the government to invest $100 million to assist with the effective operation of the power plant.  “What needs to happen is the CEO needs to recognize that this is […]

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Progress Being Made in Resolution of Trade Disputes

26 June 2019

Debate on the 2019/2020 budget continued in the Upper Chamber with Senator Dion Foulkes giving an account of the Ministry of Labour’s successes and challenges over the past 12 months and its concentration moving ahead. That includes trade disputes filed, in 2018, that figure stood at 924. “Four hundred and sixty-five were resolved while 305 […]

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Nygard’s Golden Jubilee Review- Who Gives Away Millions Of Dollars?

25 June 2019

Nygard’s Golden Jubilee Review It’s not an everyday occurrence to discover an individual who has pulled himself up by his bootstraps to achieve phenomenal success with a business that’s still breaking barriers, still achieving firsts, and still innovating fifty years later. What does it take? How did he achieve it all? And how can we […]

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BPL EXPLAINS LOAD SHEDDING

24 June 2019

As Bahamians complained about a miserable weekend due to  widespread power outages in New Providence, Bahamas Power and Light Company Limited (BPL) yesterday confirmed that this past weekend’s load shedding activity was due to  the temporary loss of two of its generating assets . They added that this extended the times and multiplied the number […]

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Gov’t Expects $50 million In Gaming Taxes

24 June 2019

The government is seeking to collect approximately $50 million  in taxes from the lucrative gaming industry.  It is about  to introduce a new regime that calls for gaming operators being taxed 11 to 15 per cent on income under $24 million and 17.5 percent on income above that figure.  Gaming Minister Dionisio D’Aguilar gave the […]

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REGGAE ARTIST STABBED TO DEATH CAREY CALLS “ THE BAHAMAS A DARK PLACE”

24 June 2019

Recording Artist Chris “Sketch” Carey yesterday described the country as a “dark place” as he reflected on the brazen stabbing death of Bahamian music sensation MDeez.  MDeez was involved in a two-car collision this past Friday that ended in an altercation which killed the musical artist  after being stabbed multiple times.  Mr. Carey described MDeez […]

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