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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 […]

Mitchell: “VAT Increase Unconscionable”

26 June 2018

According to Senator Fred Mitchell, fifty percent of the people who make under $30,000  a year  in The Bahamas cannot make ends meet at the end of the month. The  Leader of the  Opposition  in the Senate  made it clear that  he supports the government’s spending, but part ways on its push to impose a […]

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Leadership Changes At Port Department

26 June 2018

The port department is  changing  its leadership.  Commander Raymond King, veteran of the Royal Bahamas Defense Force will be named the new port controller as of June 30th when Acting Port Controller Captain Cyril Roker retires.   Minister of Transport  Frankie Campbell made the announcement while highlighting the  contributions of three notable Bahamians in the […]

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Determining Your Business Viability

25 June 2018

The Clifton Review    The Clifton Review is a tri-weekly column that examines the question of the Clifton project along with the evolution of the war between two billionaires. We covered the start of this war with articles describing the battle over easement rights, the mysterious burning of a home, the blocks to rebuilding, and countless questionable court […]

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MP Blindsided

25 June 2018

Former Parliamentary Secretary in the Ministry of Social Services Vaughn Miller says his confidence remains with Prime Minister Dr. Hubert Minnis, despite being terminated from his position as a parliamentary secretary after voting against the  increase in Value Added Tax (VAT). The member of parliament for Golden Isles  said that he took full responsibility for […]

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Breadbasket Items To Increase

25 June 2018

Raw almonds, cashews, fruits and vegetables may be among the list of breadbasket items after consultation, according to Health Minister Dr. Duane Sands.  Dr. Sands  made the statement  yesterday  at  the University of the West Indies’ Clinical Medicine and Research 2018 commencement ceremony. As a fresh batch of physicians enters the workforce, Dr. Sands encouraged […]

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Court of Appeal Judge questions Jean Rony’s return to The Bahamas

25 June 2018

A Justice in  the court of appeal on Friday  questioned  whether the supreme court had the right to order the government to return Jean Rony Jean Charles to The Bahamas even without Bahamian citizenship. Appeal  Court Judge Sir Michael Barnett said he struggled to see how Justice Gregory Hilton could have ordered the government to […]

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JOBLESS RATE TO INCREASE

25 June 2018

Minister of Labour, Senator Dion Foulkes  has expressed both surprise and serious concern over local gaming house, Island Luck’s, decision to axe some 350 employees within just 30 days. Mr. Foulkes  said he received a memo to that effect  with the gaming giant citing the forthcoming increased gaming taxes as the reason for terminations. “We […]

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Man Shot in Club Fight

25 June 2018

Police officers in the capital need help in the investigation surrounding a shooting Saturday morning which left a male  in his mid-thirties dead.  The shooting occurred on Culmersville off of Mackey Street shortly before 2am.  Officials said that the victim was involved in an altercation with another man at a club in the area prior […]

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Former MP Outraged Over Tax Discrimination

25 June 2018

The government has for weeks argued  otherwise, but a leading economist is convinced the proposed 12 per cent value added tax (VAT) will only hurt the economy. Former Member of Parliament, Lester Turnquest says, “when the economy is in the doldrums as our economy is and has been from 2008 basically, what is required is […]

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“VAT Increase Heartless”

22 June 2018

Opposition Senator Doctor Michael Darville says Progressive Liberal Party Senators will not support the 60 percent increase in Value Added Tax (VAT).   The senator, argued that the increase was “unacceptable, disgraceful, heartless and certainly cannot be afforded at this time.” He urged the government to stop being lazy administrators of the public purse and […]

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