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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 […]

GOV’T GIVES CONCESSIONS FOR AUTISM

04 April 2019

 Prime Minister Dr. Hubert Minnis says  the government will add $100,000 to the new budget for the construction of a facility for children with Autism in the future. April is being recognized as Autism Awareness Month and a group from REACH  (Resources and Education for Autism and Related Challenges) were special guests during yesterday’s sitting […]

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CRYPTOCURRENCY LEGISLATION COMPLETED

04 April 2019

Finance Minister Peter Turnquest yesterday announced in the House of Assembly that The Securities Commission of The Bahamas completed the cryptocurrency draft legislation for public consultation.  This, he said, gives The Bahamas “a clear, competitive advantage with respect to digital asset solutions as financial technologies continue to drive growth in the financial services sector”.  He […]

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Operations Continue At GB Shipyard

03 April 2019

The operations  of the Grand  Bahama Shipyard were  back to normal – or as much as they can be – following Monday’s  industrial  incident. According to what authorities have shared, one of the cranes being used to carry out repairs on the Cruise Ship  Oasis of the Seas  collapsed. Eight people were injured – none […]

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Union Calls For WSC Chairman Removal

03 April 2019

Water and Sewerage Corporation (WSC) Union members are  calling for the removal of the Chairman, Adrian Gibson and General Manager, Elwood Donaldson “post haste” from their respective positions. President, Officers and Union members of the Bahamas Utilities Services and Allied Workers Union (BUSAWU) “withdrew their enthusiasm ” yesterday morning, staging a sit out on the […]

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WEAK JUSTICE SYSTEM HAMPERS DRUG WAR

03 April 2019

The weakness of the criminal justice system   has been cited as the greatest challenge to the government tackling drug trafficking here in The Bahamas. The conclusion of the US State Department’s 2019 International Narcotics Control strategy report found  that while the average time between initial arraignment and trial in 2017 was within 90 days […]

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Young Bahamian Fined For Traffic Death

03 April 2019

A St. Alban’s Drive resident was fined over $10,000 in Magistrate’s Court yesterday for killing in the course of dangerous driving, but not before he begged the court of leniency.  Twenty- four year-old Hartman Rolle Jr.  pleaded guilty to three counts connected to the traffic accident the happened on February 2, 2019.   According  to the  […]

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FORMER BPL CHAIRMAN DECRIES LOST OF TALENT

02 April 2019

The former Chairman of Bahamas Power and Light, (BPL) Darnell Osborne says the resignation of  Christina Alston as Chief Operating Officer of the  company  “ is an opportunity lost by the country to attract and retain one of the country’s best minds and talent.” According to sources  Mrs Alston left BPL last Friday out of […]

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FORMER GB CHAMBER PRESIDENT QUESTIONS LUCAYAN LOI

02 April 2019

Former President Of The Grand Bahama Chamber Of Commerce Kevin Seymour yesterday expressed his concerns surrounding “not yet disclosed details” of the letter of intent with Royal Caribbean Cruises Limited and the ITM Group’s joint venture to transform and redevelop the Grand Lucayan Resort and the Freeport Harbour.  Mr. Seymour noted in a release that […]

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FREAK ACCIDENT IN GB SHIPYARD

02 April 2019

The work day at The Grand Bahama Shipyard was cut short yesterday following what is being described as  a freak accident on the property.  Superintendent Walter Henderson explained that during police investigations, they discovered that one of the cranes being used to conduct repairs on the Oasis of the Seas cruise ship collapsed.  He said, […]

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STIFF FINES FOR TRAFFIC DEATHS

02 April 2019

Three  persons were arraigned   yesterday on two separation traffic related accidents.   In the first incident, 22-year-old Shawna Smith stood before Magistrate Cara Turnquest- Deveaux on a laundry list of charges, namely one count of killing in the course of dangerous driving, failing to remain stationary on the scene of a traffic accident, driving […]

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