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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 […]

Opposition criticizes new Parliamentary Secretary

01 February 2019

Opposition Senator Fred Mitchell  has roundly criticized  the appointment of former BAIC Chairman Michael Foulkes as a Parliamentary  Secretary. The PLP Chairman reiterated that the Prime Minister complained about government spending and promised to cut back. “We know that the government reduced the budget at the Ministry of Social Services and Urban Development, cutting back […]

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NEW PRISON COMMISSIONER TO BE ANNOUNCED SHORTLY

01 February 2019

National Security Minister Marvin Dames yesterday announced that the interviewing process for a new commissioner for the Bahamas Department of Corrections is complete and the successful candidate is to be announced shortly.  Mr. Dames said, “I can tell you at last report there were about eight  persons who would have applied and they were already […]

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NHI Changes Insurance Industry

01 February 2019

The Bahamas Insurance Association supports the government’s efforts of a sustainable Universal Health Coverage for The Bahamas, but according to Deputy Chairman Tina Cambridge, if the  Cabinet accepts the National Health Insurance Authority’s (NHIA)  proposal in full, this would result in significant shifts in   aspects of the industry.  The most recent proposal by the […]

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Gov’t Revenue Boost

01 February 2019

A look at the first six months of the current fiscal year indicate a revenue boost of $129.5 million, a 14.7 per cent improvement when compared to how the figures stacked up in fiscal year 2017/2018. Behind the improvement are higher receipts of Value Added Tax (VAT) coupled with an almost three-fold increase in stamp […]

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DPM: Rolle’s “ Inheritance Claims Untrue”

31 January 2019

Deputy  Prime Minister and Minister of Finance, Peter Turnquest has put to rest renewed claims of the government’s alleged role and knowledge of a purported inheritance of up to $79 billion to Derek Rolle. As the decades old story goes, Rolle – now deceased – inherited a fortune from a deceased American couple. However, it […]

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Taxi Drivers Strike Sit Outside Parliament

31 January 2019

Members of The Bahamas Taxi Cab Union are in full strike mode in the face of what they say is a complete disregard and disrespect from the government. Yesterday, bleachers in Rawson Square were taken over by 150 taxi drivers, who were eagerly awaited an impromptu meeting the Prime Minister following failed attempts to speak […]

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Trade Disputes Filed For C V Bethel Teachers

31 January 2019

Two trade disputes have been filed on behalf of the teachers at C V Bethel Senior High School, President of The Bahamas Union of Teachers, Belinda Wilson confirmed yesterday.   Through a lengthy whatsapp message, Mrs. Wilson responded to Education Minister Jefferey Lloyds comments to reporters, on Tuesday, regarding teachers who sat out of the […]

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BAHAMAS STAGNATED BY CORRUPTION

31 January 2019

The Bahamas dropped in rank in Transparency International’s Corruption Perception Index this past Monday after dropping by one in the ranking.  This list of 179 countries placed the country this time at 29.  Executive Director of the Organization for Responsible Governance (ORG), Matt Albury, said that The Bahamas basically has the same score as it […]

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Cooper Slams Gov’t Borrowing

31 January 2019

The Opposition is  not in support of resolutions debated in the House of Assembly yesterday in relation to the government acquiring more loans from the InterAmerican Development Bank (IDB). Progressive Liberal Party (PLP) Deputy Leader, Chester Cooper, said while the PLP supports digital reform and disaster mitigation, it simply cannot support the resolution since there […]

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DNA: OUTLINES CORRUPTION IN GOV’T

31 January 2019

The Democratic National Alliance’s (DNA) Spokesperson for Good Governance Geoffrey Deleveaux yesterday  outlined  a number of perceived  corrupt  practices  in  the Minnis Administration. This comes  off the heels of Transparency International’s Corruptions Perceptions Index (CPI) released earlier this week.  Mr. Deleveaux said that the recent ranking shows a lack of true commitment by the government […]

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