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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 […]

PLP CHAIRMAN: DAMES UNFIT FOR HIGH OFFICE

01 March 2019

Progressive Liberal Party (PLP) Chairman Fred Mitchell yesterday said National Security Minister Marvin Dames  is unfit for high office.  He  expressed concerns about the Minister’s  behaviour following an exchange of words  with  his parliamentary colleague Frederick McAlpine.  Mr. Mitchell said, “this is the second such outburst by this Minister in response to criticism of his […]

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Dames Not Interested In Apology From McAlpine

01 March 2019

National Security Minister Marvin Dames is hoping to set the record straight on his exchange with parliamentary colleague Frederick McAlpine in the House of Assembly yesterday. Mr. Dames told reporters yesterday  that Mr. McAlpine, the MP for Pineridge, seemed to have wanted to apologize for comments he felt misrepresented him. Those comments were  based on […]

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DOWNTOWN PARTNERSHIP ENDORSES PORT DEAL

01 March 2019

The Downtown Nassau Partnership officially endorsed the selection of Global Ports Holdings yesterday, as the new developers and operators of the Nassau Cruise Port. Managing Director, Ed Fields stated that “while the process was being conducted, the DNP though it prudent to not publically endorse any of the bidders as we were open to looking […]

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Bahamas Launches Trafficking in Persons Hotline

01 March 2019

The Ministry of National Security yesterday morning launched a 24-hour trafficking in person’s hotline – the first of its kind in The Bahamas. The hotline’s to be used to exclusively to investigate such matters or as Mr. Dames put it, providing victims of trafficking another lifeline to secure assistance. “This dedicated hotline will allow victims […]

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FNM MEMBERS CLASH

28 February 2019

Tensions  rose between Free National Movement members as Pineridge MP Frederick McAlpine and National Security Minister Marvin Dames get into a heated  exchange of words over the issue of corruption  while exiting the House of Assembly yesterday.  According to Mr. McAlpine, the backbencher attempted to greet Mr. Dames in an effort to indicate that there […]

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OPPOSITION CALLS MID YEAR BUDGET “DELUSIONAL”

28 February 2019

The Progressive Liberal Party’s (PLP) Deputy Leader Chester Cooper has labelled   the mid-year budget communication  as a collection of “useless words” and “delusional predictions”.  Deputy Prime Minister and Minister of Finance Peter Turnquest indicated in the House of Assembly yesterday that the first six months of this fiscal year saw the fiscal deficit shrink […]

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Economy Not Growing Enough, Says DPM

28 February 2019

Finance Minister Peter Turnquest said that while the economy is growing, it is not growing enough as the latest unemployment figures show a lag between the growth of the labour force and the growth of new jobs.  The Deputy Prime Minister reiterated the government’s commitment to providing an impetus to private sector growth via the […]

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US University Run For Cancer Cure

28 February 2019

Scores of Ohio State University Alumni bombarded Pompey Square yesterday for a fun/run walk, a part of the University’s annual “Buckeye Cruise For Cancer”. For  the second year in a row, the Buckeyes took a cruise to Nassau with approximately 1,000 passengers who came to participate in raising funds for cancer. Runners covered three miles, […]

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WTO Offers Certainty Of Investment, Says Laing

28 February 2019

What is the future of the World Trade Organization (WTO) for The Bahamas? Lead WTO negotiator for The Bahamas, Zhivargo Laing, said it is an opportunity for certainty of investment as well as exposure for future generations. During a breakfast meeting with members of The Bahamas Chamber of Commerce & Employees Confederation, Mr. Laing said […]

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BUDGET SHORT-FALL REVEALED

28 February 2019

Minister of Finance Peter Turnquest gave Legislators a provisional account of how things have shaped up the first half of the current fiscal year and an outlook of what  is  to come over the next  six months. In his mid-year budget communication he  explained took  how  revenue was earned and  spent and why the government […]

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