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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 […]

Bishop Fernander Calls Court Cases ‘Tit for Tat’

19 February 2019

The President  of the Bahamas Christian  Council Bishop Delton Fernander is of the opinion that the  arrest and subsequent arraignment of four Grand Bahamians on fraud and money laundering charges give the appearance of tit for tat. He  said the situation raises serious questions. “That is becoming more and more clear in the manner in […]

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Three Stabbed In Grand Bahama

19 February 2019

Police in Grand Bahama are investigating a stabbing that has left three males with injuries, two of them still detained in hospital.  Assistant Superintendent of Police, in Grand Bahama, Terecita Pinder, reports that on Sunday, shortly before 2:00am, police received reports of an altercation at a night club on Wimpole Street, involving a group of […]

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Government applauded for halting deportations to Haiti

19 February 2019

Rights Bahamas, a  local human rights organization, has  applauded  the Bahamas Government for temporarily halting the deportation of individuals to Haiti.  A statement from the organization said, “ In light of the unrest and violence happening in  that country, the safety of those in our custody must always come first. Closing the Bahamas Embassy and […]

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“GOV’T AGENCIES BREAKING LAWS”

19 February 2019

Queen’s Counsel  Fred Smith recently expressed concerns surrounding the country’s law enforcement agencies and their treatment of Bahamians citizens over the years.  Mr. Smith said that the behavior of officers from Immigration and the Royal Bahamas Defense Force (RBDF), in particular, have been most regrettable.  He added that there have been many officers from these […]

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Four murder accused arraigned

19 February 2019

Police wrapped up investigations into another four murders after escorting to court the men allegedly behind the crimes. Appearing before Magistrate Kara Turnquest-Deveaux were 28-year-old Mario Brown, 25-year-old Ricardo Mitchell, 23-year-old Keno McKenzie and 33-year-old Walleck Medurek. Brown stood accused of the February 10th murder of Jamal Kemp. However, his attorney claimed there is footage […]

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BREWERY LAYS OFF 73 EMPLOYEES

19 February 2019

Commonwealth Brewery, the country’s  largest  beverage company,  has laid off 73 employees. It is also is in the process of restructuring its retail division. A statement from the company yesterday  confirmed that the  73 workers will be made redundant due to increased operational costs, as well as increased competition from imported beer brands. Director of  […]

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AG ON BLACKLISTING: PUNISHMENT SHOULD MATCH OFFENSE

14 February 2019

Attorney General Carl Bethel yesterday issued a statement stating that the recent blacklisting by the College of Commissioners of the European Union (EU) is not a proportionate response.  Mr. Bethel said that in the circumstances where The Bahamas has, since the implementation of the FATF action plan in October 2018, have been re-evaluated as being […]

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OVER $1MILLION IN FRAUD

14 February 2019

Four  Bahamians were arraigned in the Magistrates Court yesterday  accused of a litany of fraud related charges that  amounts  to over $1 million. Racking up the bulk of the counts was Former Deputy Director of Urban Renewal in Grand Bahama, Michelle Reckley. The 50-year-old South Bahamia resident was on Wednesday afternoon arraigned before Chief Magistrate, […]

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Gov’t Reached Agreement with Gaming Operators

14 February 2019

 The Government has reached an agreement with the Bahamas Gaming House Operators Association to increase taxes on the gaming industry and to collect the payment of back taxes. This follows  what has been described as open and productive discussions recently. With the beginning of the regulation of the gaming industry on January 1, 2015, the […]

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Blacklisted Again

14 February 2019

The European Union’s (EU) name and shame list includes The Bahamas – that makes it one of 23 jurisdictions that have been blacklisted. The reason for this is the  strategic deficiencies in anti-money laundering (AML) and counter-terrorist financing (CTF) frameworks.  Being blacklisted means EU banks dealing with any of the named countries then will have […]

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