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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 […]

Sin tax threatens a local industry

21 June 2018

The Bahamas Premium Cigar Association says  the government should embrace rather than stifle significant economic opportunity. In a statement released yesterday  BPCA President Michael Maragh said it came to their attention that the government is considering the imposition of both a sin tax and a new tobacco control bill.  The BPCA President said  while they […]

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AG DEFENDS FIRINGS

21 June 2018

The firings of three Free National Movement  members of parliament  was in keeping with parliamentary rules. This  was expressed by a  Attorney General, Carl Bethel before kicking off debate on the 2018/2019 budget in the Senate yesterday. Two parliamentary secretaries and a board chairman being stripped of their duties after voting against the government’s decision […]

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PM: Grand Bahama Ideal For Tech Industry

21 June 2018

Prime Minister Doctor Hubert Minnis  says “Grand Bahama is the ideal location within The Bahamas that can support the establishment and growth of a technology cluster and block chain and other software companies that can jumpstart the technology industry in The Bahamas.”   Dr. Minnis  was giving  the keynote address yesterday at the first ever block […]

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Budget “A Bitter Pill”

21 June 2018

There is a  sincere attempt for the government to rise to meet the challenges which confront our young nation. Those were the words Attorney General, Carl Bethel, in the senate yesterday as he defended what is being called  the 2018/2019 People’s Budget. The Attorney General  added that the budget is an enormous exercise in fiscal […]

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PM Confused On Firings, Says Davis.

21 June 2018

The Leader of the Official Opposition Philip Davis says that Prime Minister Minnis was confused in his firing of  Members of his party for voting against the increase of Value Added Tax in the House of Assembly. In a press statement  Mr. Davis  said, “The Prime Minister was confused in the House  by calling the […]

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How Nygard Mitigated Business Threats

20 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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MPs told:“Resign or Be Resigned”

20 June 2018

Deputy Prime Minister Peter Turnquest admitted yesterday that the government was very disappointed with the decision of four  Free National Movement  members  of Parliament to vote against the increase of Value Added Tax on Monday. Mr. Turnquest also said that he accepts the fact that this is what democracy is all about and that he respects […]

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DPM Addresses Concerns of Ignoring Poor

20 June 2018

Amid concerns of the budget ignoring the poor, Minister of Finance Peter Turnquest  yesterday reiterated a call for the public to pay less attention to political pundits, social media, and political operatives. Mr. Turnquest affirmed that many parts of the 2018/2019 fiscal budget  have a direct benefit for Bahamians,  particularly those in the most “vulnerable” financial […]

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Gov’t To Empower Bahamians With Land

20 June 2018

Prime Minister, Dr. Hubert Minnis, says “our vision is to create a minimum of one subdivision per year over the next 10 years.” Dr. Minnis  made the pledge  to members of the House of Assembly on Monday while participating in the budget debate. The government wants to give  each Bahamian an opportunity to own and purchase […]

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Eleven Web Shops To Close

20 June 2018

On Tuesday June 19th, Asure Win Gaming Company sent an official communication notifying the Gaming Board of the company’s intention to close 11 locations nationwide at the end of June. It is anticipated that these closures will result in the termination of approximately 50 employees, as well as the termination of property leases, which facilitate these locations. A statement from the company said, “the domestic gaming […]

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