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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 SYMBOL BEING MISUSED

14 January 2019

The  Chairman of the Progressive Liberal Party Senator Fred Mitchell  has  issued a warning about the misuse and abuse of the symbol of the Progressive Liberal Party.  In a Press statement yesterday,  Mr. Mitchell said, “It has come to the attention of the  Party that the official symbol and designed letters PLP are being used […]

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DPM Turnquest

New System For The Ministry of Finance

14 January 2019

Deputy Prime Minister Peter Turnquest revealed  last Friday that  some changes on tap for the Ministry of Finance.  He said one of them is the Public Financial Management Legislation; a proposed law that is  expected to replace and modernize the  Financial  Administration  Act along with several other proposed laws. This will “more clearly define  the […]

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Uncollected Gaming Taxes Affecting Services

14 January 2019

Despite the setback in collecting  millions of dollars in gaming taxes, Deputy Prime Minister and Minister of Finance Peter Turnquest says  that at the end of the day that significant stream revenue will be collected. Currently, there is a  standoff between the government and gaming operators over increased taxes has stretched into months. “It is […]

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NEW FORM OF IMPERIALISM

14 January 2019

Fifty-two years after Majority Rule, Former Governor General Sir Arthur Foulkes  says while he is proud of the country’s progress, he is concerned about some of the issues the country faces today, namely in the Financial Services Sector.  Appearing as a guest on the  Love 97 Radio programme Jones and Company, Sir  Arthur  described the  […]

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PM GOES TO BRUSSELS FOR TALKS, EXCLUDES KEY MINISTERS

14 January 2019

In what is being described  as “a curious development”  in  the  ongoing  efforts  of the  government  to avoid the financial sector being blacklisted by the  European Union, Prime Minister, Doctor  Hubert Minnis will travel to Brussels, Belgium today to hold bilateral talks with high-ranking officials of the European Commission.   What is curious is the […]

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Lawyer Calls For Protection

11 January 2019

President of the Bahamas Bar Association, Kahlil Parker says the  “time for debate has passed and meaningful action is required” for protecting members of the legal fraternity.  In his remarks at the opening of the Legal Year, Mr. Parker addressed a recent attack on a prosecutor  from the office of the Director of Public Prosecutions  […]

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Bahamians Protest As WTO Draft Is Released

11 January 2019

The  lead negotiator for the Bahamas for accession to the World Trade Organization (WTO) Zhivargo Laing has  released the offer The Bahamas will make during an upcoming meeting with the organisation. The offer he explained, contained a breakdown of what The Bahamas proposes regarding goods and services. Mr. Laing outlined the issues as follows: “One, […]

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Acting Chief Justice Laments “Tenuous Position”

11 January 2019

Pomp and pageantry of the opening of the legal year aside, Acting Chief Justice Vera Watkins, used the occasion to lament that not having a substantive Chief Justice presents a tremendous challenge for the judiciary,  as no long-term plans can be made.  This year’s Opening of the Legal Year was the second time that the […]

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POLICE TO HAVE BODY CAMERAS SOON

11 January 2019

There were 11 fatal and nine non-fatal police involved shootings in 2018, and after each, a community is left resentful, demanding answers from authorities. However, as Commissioner of Police, Anthony Ferguson, candidly put it when questioned on the issue during his annual press briefing Tuesday, in the war on crime, these things are bound to […]

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$1.2 Million In Drugs Seized

11 January 2019

Over a million dollars in suspected marijuana seized on Wednesday in two separate incidents and as a result two men are in police custody. Police are investigating some 1,200 pounds of suspected marijuana  that was recovered in  southeastern New Providence.  According  police reports,  the first incident of seizure took place shortly after 8:00pm Wednesday  when […]

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