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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 […]

Foulkes: Shantytowns In Decline

22 June 2018

Since the Shantytown Audit, the number of shantytowns in New Providence has been lowered to ten, as one has already been destroyed, forcing its residents to relocate.  According to the Head of the Shantytown Committee,  Senator Dion Foulkes, contrary to popular beliefs, non-Bahamians are not the only ones who call these  inhumane, unregulated communities home.  […]

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Gov’t To Focus On Fixed election dates

22 June 2018

Attorney General  Carl Bethel indicated in his 2018/2019 budget contribution in the Senate that the idea of having fixed election dates  is still very much the focus of the  government. The Attorney General continued to push the whole idea of having fixed election dates as promised by the government on the campaign trail, but there […]

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Officials Working to Rid Prison of Rogue Officers

22 June 2018

National Security Minister Marvin Dames said yesterday that while the vast majority of law enforcement officers may be committed to serving the country, there are still errant officers hell-bent on undermining the system at any cost.  Prison officials plan to beef up raids at the Department of Correctional Services in the wake of a stabbing […]

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Increase in generator sales

22 June 2018

Several businesses are reporting a jump in purchases for residential generators. Having been left in the dark one too many times over the summer and during hurricane seasons, Bahamians seem to not be taking any chances this time around. Bahamas Welding and Fire Assistant Sales and Marketing Manager, Mavis Duncombe said sales have increased by […]

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Bahamians Ready For Sacrifices

22 June 2018

Bahamians have accepted that the 4.5 per cent increase in Value Added Tax will take some adjustments and sacrifices. Rather than asking what people think about VAT,  The Journal interviewed  several persons on plans to make lifestyle adjustments.  Quincy Pratt is a 48-year-old cab drive, and like many others, he  will  readjust his lifestyle when […]

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BAM To Coordinate Silicon African Film Festival

22 June 2018

The Bahamas Artist Movement (BAM) has been elected the regional coordinators for the 9th annual Silicon Valley African Film Festival held under the theme Africa through the African lens.  BAM is owned and ran by Rowena and Ronald Sutherland and aims to give Bahamian youth the opportunity to cultivate their love, passion and talents for performing arts through coaching and training of its drama studio program. […]

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Minister Calls for Physical Fitness Standards in Law Enforcement

22 June 2018

Law enforcement agencies are looking to tighten up their image as National Security Minister Marvin Dames expressed a need for physical fitness standards across the board.  While the Royal Bahamas Defense Force already has a standard, Mr. Dames said that the commissioner of police is looking to introduce the same after releasing the 105 recruits […]

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Considerations For Assessing Business Risks

21 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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Juvenile Arraigned for Murder

21 June 2018

 A 17-year-old male of Periwinkle Avenue, off Kemp Road stood before magistrate Koschina Marshall yesterday at 2pm. He was charged with unlawful harm and the intentional cause of death of Michael Johnson  on Homestead Street on June 4th  this year.   Johnson was shot shortly  while standing outside his home, when a dark coloured jeep […]

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VAT Increase Gets Mixed Views

21 June 2018

The topic of the increase in  Value Added Tax (VAT)  has been  discussed throughout the country  since the day the  2018/2019 national  budget was first introduced to the Bahamian public. Members of the public  interviewed by this Journal  have given  mixed  reactions  to the increase.  While  everyone  offered different views,  some people were expecting the […]

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