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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 […]

SKYBRIDGE FOR CLIFFORD PARK

20 June 2019

The government yesterday revealed added details of its plans to breathe new life into the city of Nassau with its plans to capitalize on Arawak Cay and Junkanoo Beach. Prime Minister Dr. Hubert Minnis, as he wrapped up debate on the 2019/2020 Budget in the parliament, said that  the area will be zoned for major […]

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D’Aguilar Tells of Andros Airport Bad Deal

20 June 2019

Former Aviation Minister Glenys Hanna- Martin got a serious scolding for  negotiating a “bad deal” to house the Andros Airport facilities  in the Western Air terminal for $5 per square foot per month. According to Aviation Minister, Dionsio D’Aguilar, the decision came after the trailers that housed those facilities  deteriorated to the point that workers […]

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Gov’t Planning Renewable Energy Strategies

20 June 2019

The country’s making strides in implementing renewable energy strategies which according to Prime Minister Dr. Hubert Minnis,  will save Bahamians money in paying electricity bills. This,  he said,  would lead to more disposable income for Bahamians as well,  as the government’s planning to invest up to $170 million in a solarized project which will see […]

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DAVIS CALLS PM’S ATTACK “DESPICABLE”

20 June 2019

The  leader of the Progressive Liberal Party, Philip Davis  says  the disparaging reference to Sir Lynden Pindling  in the budget address of Prime Minister Dr. Hubert Minnis “nothing short of despicable.” Mr. Davis said, “while Bahamians hoped against hope for a budget presentation by the Prime Minister that would address their disappointment in his government […]

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PM Touts $8 Billion in Investments

20 June 2019

Prime Minister  Dr. Hubert Minnis announced yesterday  that $8 billion in international investments have been approved as at May 2019. That amount includes the $100 million Carnival Cruise Port for Grand Bahama, and new developments throughout the island chain, he said. The Prime Minister was contributing to the 2019/20 Budget Debate in the House of […]

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Ministry Gives Update On Ramsey and John

20 June 2019

The Ministry of Foreign Affairs has confirmed  that the Foreign Service Officer in Turin, Italy,  is now in receipt of the death certificates and passports of Mr. Alrae  Ramsey and Mr. Blair  John.   The two young Bahamians were found dead in a river in Turin some  two weeks ago. The official autopsies on the […]

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Nygard Achieves Exponential Success

19 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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Marijuana Commission On Fact-Finding Mission

19 June 2019

The Bahamas National Commission on Marijuana’s 23- member committee is heading overseas to Jamaica and Canada  in an effort to gather as much information to continue their study  regarding  all things related to Cannabis (marijuana). Co-chair of the Commission, retired former Deputy Commissioner of Police, Quinn McCartney said the purpose of the mission is to […]

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Minister Gives Warning For NIB Contributions

19 June 2019

The deadline has passed for  companies who have failed to pay   up national insurance contributions and the government  is now looking to take action. As National Insurance Minister Brensil Rolle revealed during his contribution to the 2019/2020 budget debate in the House of Assembly on Wednesday, some $17 million is owed in NIB contributions. […]

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New Gaming Bill Promised

19 June 2019

New gaming legislation is to be tabled and debated by the end of the month, according to the Minister responsible, Dionisio D’Aguilar. This comes  after weeks of talks between the government and gaming operators on the way forward. The Minister said, “it will outline basically that the gaming tax will go from 11 per cent […]

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