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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 […]

DPM Turnquest

DPM: “THE COUNTRY ON THE RIGHT TRACK”

16 April 2019

The Deputy Prime Minister and Minister of Finance, K. Peter Turnquest says, “It is clear from the IMF’s initial Article IV assessment that the reform agenda of the Minnis-led administration is moving the country in the right track. The economy is getting stronger.”   In a statement yesterday, Mr. Turnquest said, “The fiscal measures to raise […]

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“Freeport’s Economy Held Hostage”

16 April 2019

Grand Bahama  Attorney  Carey Leonard  blames  Hutchinson Whampoa for what he calls the appalling state of Grand Bahama’s economy.  He  said  the Chinese  Company  has been holding the island economy  hostage  for years.  Mr Carey, a former President of the Bahamas Chamber of Commerce  said, “Hutchinson has separated each thing;  they have a hotels division, a land division and a port division and each one operates separately in […]

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TUC President Opposes WTO Ascesion

16 April 2019

Trade Union of Congress President Obie Ferguson has spoken  out against the Bahamas’ ascension to the World Trade Organization (WTO).  More specifically, he disagrees with  the  free movement of people from countries and regions that are essentially a part of the WTO – a claim negotiators, on behalf of the government, deny will happen with participating countries.  Mr. Ferguson, […]

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ROLLE OPTIMISTIC ABOUT GB GROWTH

16 April 2019

The Grand Bahama Port Authority President Ian Rolle yesterday expressed that the country needs to tackle making Freeport more attractive for foreign direct investment.  Mr. Rolle added that in order to do this, a number of variables need to be addressed.  He said, “one is the ease of doing business in The Bahamas. It must be […]

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Resolution for Grand Lucayan Managers Near

16 April 2019

Tourism Minister Dionisio D’Aguilar anticipates reaching an agreement on voluntary separation packages for 91 Grand Lucayan managers within weeks. This past Friday, the Minister headed into a meeting with an optimistic Bahamas Hotel Managerial Union President Obie Ferguson. Coming out of it, Mr. D’Aguilar branded the meeting as  productive , while Mr. Ferguson only said that […]

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BROTHERS ARRAIGNED ON MURDER CHARGES

16 April 2019

Two brothers were arraigned on murder charges yesterday before Chief Magistrate Joy Ann Ferguson-Pratt.   It is alleged that 21 year old Anton and 25 year old Dwayne Lodimus are behind the March 19thkilling of Leroy Burrows. Burrows was killed on Mackey and Wilton Streets, near Centreville Pharmacy .   The brothers were not required to enter […]

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Morton Issues Headed To Privy Council

16 April 2019

Industrial issues plaguing Morton Salt workers will be heard before the Privy Council,  Trade Union Congress President  Obie Ferguson revealed  recently.  The issue at hand, Mr. Ferguson said is  the Bahamas Industrial Manufacturers and Allied Workers Union (BIMAWU) Industrial Agreement, along with what the  company has brought to the table in terms of pay increase to its […]

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PLP CALLS FNM ATTACK “STUPID”

11 April 2019

Responding to an attack by the Free National Movement  over  the Opposition’s position on  the Auditor General’s report on the operations of the National Sports Authority,  the  Progressive Liberal Party says, “The FNM’s Chairman is a laugh a minute. Today because the PLP has unmasked their fake and phony campaign to discredit the PLP’s record […]

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MINISTER’S COST ON HOUSING DISPUTED

11 April 2019

Former Chairman of The Bahamas Mortgage Corporation (BMC) Alex Storr yesterday labelled Housing Minister Romauld Ferriera’s comments on housing prices under the previous administration as nonsensical, erroneous, and baseless.  According to Minister Ferreira, homes constructed under the former administration were overpriced by  tens of thousands of dollars.  The Minister’s  comment was in response to the argument that […]

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Honda Recalled For Faulty Airbags

11 April 2019

There has been a  Global recall of Honda and Acura vehicles for airbag replacement as deployment can seriously injure or cause a fatality. With just over one million Honda and Acura vehicles manufactured between 2001 and 2016 having faulty airbags, the Nassau Motor Company (NMC) along with US Honda dealers are checking and replacing these airbags […]

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