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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 […]

ECONOMY STRENGTHENING , SAYS CB GOVERNOR

03 May 2019

Central Bank Governor John Rolle indicated that the economy is strong due to developing countries picking up steam.  Mr. Rolle explained  at his quarterly media briefing yesterday  that although there is more uncertainty about the speed in which these countries would grow over the next next few years, the support for tourism has been maintained […]

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CB INTRODUCING DIGITAL CURRENCY

03 May 2019

The country is well on its way to implementing its own digital currency, according to Central Bank Governor John Rolle at yesterday’s quarterly media address.  The Governor said that the Central Bank expects that at some point over the course of the year to begin the pilot.  It has been expressed in the past that […]

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Church Leaders Bash Carnival

03 May 2019

The Bahamas Christian Council is  not  budging on its stance that Bahamas Junkanoo Carnival challenges the country’s moral, ethical, cultural traditions and practices,  particularly those enshrined in the constitution promoting the Bahamas as a country of Christian values.  Council President, Apostle Delton Fernander  referring to the Road Fever Parade, said there has been a mixture […]

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ECONOMIC GROWTH NOT FELT Says Chamber CEO

03 May 2019

The Bahamas Chamber of Commerce Chief Eexecutive Officer  Jeffrey Beckles says  more must be done to ensure all sectors benefit from the economy’s growth as the small and medium sized businesses are not feeling it. He  said that if not sustained,  that 2.6 per cent growth the economy is experiencing will decline, specifically in the […]

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ATTEMPTED ROBBERY ENDS IN DROWNING

03 May 2019

An attempt to evade police ended in drowning  yesterday for one of the three suspects behind a break-in in the  Sea Breeze area in New Providence. Police Liason Officer Superintendent Shanta Knowles told reporters on the scene that after 10:00 am, they responded to reports of the incident that took place on Bay Lilly Drive. […]

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“Bahamas needs to grow up,” Says Smith

01 May 2019

Leading  Queens Counsel in the Bahamas Fred Smith says, “It’s time that the Bahamas grew up. If we want to be a big player like Singapore on the world stage and if we want to be in the First World category, then we need to embrace immigration for investment and development purposes.” The Attorney said,  […]

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Bimini Clinic Blasted- Health Minister Refutes Claims of Inadequacies

01 May 2019

There has been a critical   report  of medical facilities in Bimini  after  the shooting death of American Businessman Alain Perez on that island this past Sunday.  A news report, aired on Monday, on WPLG local 10, in Southwest Miami Dade Florida, begins: “loved ones say they not only want to see justice served, they […]

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GRAND BAHAMA POWER BLASTED

01 May 2019

 The President of  Families for Justice Organization in Freeport , Pastor Glenroy Bethel is calling for the resignation of Dave McGregor  Chief Operating Officer of the Grand Bahama  Power Company.  This  comes  a result of the Executives of the Grand Bahama Power Company having filed a criminal complaint at the Police Department in Freeport against […]

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“GOV’T PILING TAXES AND FINES”

01 May 2019

The  Opposition’s Shadow Minister of Finance, Chester Cooper says, “The Free National Movement  is shamefully pilling taxes and fines on the backs of the poor and a struggling middle class to simply appease ratings agencies and the International Monetary  Fund.” He  added that, “the FNM is disgracefully starving capital expenditure and neglecting infrastructure in order […]

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Improved Security Measures For Gov’t Buildings

01 May 2019

Defence Force Commodore Tellis Bethel has been directed to  conduct an immediate assessment of key government structures in the wake of the shooting death of Petty Officer  Phillip Perpall early Sunday morning  in the Guard House on the grounds of Government House.  National Security Minister, Marvin Dames  told  reporters  just before the weekly Cabinet meeting, […]

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