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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 […]

Tourism Ministry Must Avoid Another Fyre Fiasco

23 January 2019

People are talking, that’s the one thing that has come out of the fiasco called The Fyre Festival – a high end luxury concert set for the Exumas in Spring 2017 that failed miserably, according to Minister of Tourism Dioniso D’Aguilar. Speaking  with reporters outside Tuesday’s weekly cabinet meeting,   he said yes, the situation […]

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ON-SITE HOTEL FOR LPIA

23 January 2019

The Nassau Airport Developement Company’s (NAD) is moving ahead with plans for and on-site hotel at the Lynden Pindling International Airport.  NAD has issued a request for proposals outlining submission guidelines to prospective proponents. According to NAD, the successful proponent will design, finance, construct and operate a three star or more hotel that should meet […]

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PLP SENATOR TELL GOV’T “REVERSE COURSE”

22 January 2019

Former Cabinet Minister Fred Mitchell  says the  latest labour statistics  are “indicative of the fact that unemployment in the Bahamas  is worse”.  Things, he said, are moving in the wrong direction, and this despite the signs and warnings the government continues to double down in what he called its “depressing menu of stop, review, cancel […]

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Eleuthera Resident arraigned on ammunition charges

22 January 2019

A young Bahamian, Mario Deveaux, yesterday afternoon stood before Magistrate, Ambrose Armbrister on a litany of ammunition charges. Deveaux, who was arrested in Rock Sound Eleuthera, was charged on one count each of possession of a prohibited weapon, possession of ammunition, possession of ammunition with the intent to supply and possession of a component part […]

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UB’S PRESIDENT REFUTES FYRE FESTIVAL CLAIMS

22 January 2019

Netflix’s documentary on the infamous Fyre Fest Fiasco in the Exumas had a lot of tongues  awagging after show producers accused two former public officials and a University president of corruption.  Yesterday University of The Bahamas President Dr. Rodney Smith is seeking to clear his name from the discussion.  The documentary spoke of festival organizers […]

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Gov’t Signs Contract On Japanese Vehicles

22 January 2019

The  government of The Bahamas has signed a contract with EAA Company  Limited- a Japanese car inspection company in hopes of eliminating the possibility of radioactive cars being imported to The Bahamas. According to the Arawak Port Development, in 2016, more than 11,000 passenger and commercial Japanese used cars were imported to The Bahamas. A […]

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Man arraigned on attempted murder charges

22 January 2019

Twenty-nine year old Darrell Bain, aka “Tallboy” and “Scaredem” of Dean Street yesterday afternoon stood before Magistrate Ambrose Armbrister, accused of several charges stemming from two separate incidents. In the first matter, Bain is alleged to be behind one count each of house breaking, armed robbery and garroting. Reports are that on Wednesday June 27, […]

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Men Employed Over Women

22 January 2019

Preliminary results from this year’s statistics, reveal that men still dominate the work force over women.  From the Labour Force Report, as of November 2018 more men than women and more young men than young women are employed.  In fact, men outnumber women in the work force by almost 10,000. According to the report, “women […]

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Unemployment Increases

22 January 2019

 The unemployment rate in the Bahamas has increased   from 10 percent to 10.7 percent as of November 2018, a 0.7 percent increase.  Senior statisticians in The Department of Statistics say  this increase is as a result of more Bahamians being added to the labour force, over 4,000 in total. With more than 10,000 new […]

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Ervin Knowles Dies at 84

22 January 2019

Former Cabinet Minister and Member of Parliament, Ervin Knowles  has passed away on Sunday  at the age of 84 years.   A building contractor and land developer, Mr. Knowles was first elected to Parliament in 1977 as a member of the Bahamian Democratic Party, but resigned from the party in June 1978.  He later became […]

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