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LANDMARK $600M AGREEMENT SIGNED TO REVITALIZE GRAND BAHAMA SHIPYARD FORMER MANAGING DIRECTOR CHARGED WITH DEATH OFPHILLIP ADDERLEY
 
The government signed a Heads of Agreement with Carnival Cruise Line and Royal Caribbean International on Thursday.  This agreement marks the approval of a long-planned project to expand and revitalize the Grand Bahama Shipyard, with a $600 million investment dedicated to the construction of new drydocks and improvements to the facilities in Freeport.  This expansion will position the shipyard to feature the largest floating dock ship repair facility in the Western Hemisphere by 2026, significantly boosting the island's economy.

LANDMARK $600M AGREEMENT SIGNED TO REVITALIZE GRAND BAHAMA SHIPYARD

The government signed a Heads of Agreement with Carnival Cruise Line and Royal Caribbean International on Thursday.  This agreement marks the approval of a long-planned project to expand and revitalize the Grand Bahama Shipyard, with a $600 million investment dedicated to the construction of new drydocks and improvements to the facilities in Freeport.  This expansion will position […]

Mario Bannister

FORMER MANAGING DIRECTOR CHARGED WITH DEATH OFPHILLIP ADDERLEY

Police Prosecutors charged Mario Bannister, former ManagingDirector of Clifton Heritage National Park this week for acting as an accessory to themurder of 36-year-old Phillip Adderley, by providing a vehicle to the accusedkillers.Twenty-eight year old Christian Napier and 26-year-old Donte Riley werecharged with killing Adderley whose body was found on August 15th, 2024,stabbed to death in […]

Minister To Testify in Smith’s Trial

12 June 2018

The Minister of National Security, Marvin Dames  has been ordered to appear in the Magistrates Court tomorrow afternoon at 2pm to give evidence in the bribery case of former  Member of Parliament, Frank Smith.  The Minister is expected to be examined by the prosecution and defense attorneys of his alleged  involvement in causing an investigation […]

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‘Risky Business’

12 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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To Risk Or Not To Risk

12 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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Survey Reveals Public Displeased with Budget

11 June 2018

Seventy-six per cent of Seven hundred and six Bahamians interviewed by a marketing and research firm  have expressed their dissatisfaction with the 2018/2019 budget communication.  With the entire country’s attention on the new budget, Bahamian firm Public Domain yesterday released a report which indicated that sixty-six per cent of these individuals were also “very much […]

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Three Weekend Homicides

11 June 2018

Three men lost their lives this weekend as a result of two separate shooting incidents in the capital.  The first two victims met their fate while receiving a haircut at a local barbershop on Jerome Avenue.  The incident occurred shortly before 10 Saturday morning when the victims were approached by two men, one wore a […]

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VAT Hike Brings Loss Of Confidence

11 June 2018

Former Governor of Central Bank and former State Minister of Finance, James Smith says that the greatest impact of an increase on Value Added Tax in the country is a  loss of confidence.  Appearing as a guest on Love 97’s radio talk show Jones and  Company yesterday, when asked by show’s host  Wendall Jones about […]

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Taxpayers to Foot BTC’s Pension Deficit

11 June 2018

Former Cabinet Minister Bradley Roberts yesterday warned that  the public  has  to pay the Bahamas Telecommunications Company’s pension deficit which grew from six million dollars to $110 million.  Mr. Roberts also revealed some troubling truths about the country’s oldest phone company as he questioned why the government has not tabled last’s years performance report from […]

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Lighthouse Yacht Club is sold

11 June 2018

The Lighthouse Yacht Club in Nicholls Town Andros has been sold for $1.5 million.  Hotel Board Chairman Fredrick McAlpine told members of the House on Thursday that the Cabinet of The Bahamas has approved the recommendation from the hotel board to sell the hotel.  He said, “In October 2017 the public along with those interested […]

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Major Drug Bust In Exuma Cays

11 June 2018

A major drug bust on the Exuma Cays Land and Sea Park has  resulted in two men being arrested early yesterday morning.  Conducting a joint operation and while searching Waderick Wells Cay, also known as the Exuma Cays Land and Sea Park, the Royal Bahamas Defence Force Marines, along with Park Wardens found a large […]

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Former CB Governor Calls Gaming Taxes “Unsettlling”

11 June 2018

The Chairman of Colina Financial, James Smith finds the increase of  taxes for Wed Shops unsettling. Last week’s announcement by Minister of Finance, K. Peter Turnquest, in the 2018/2019 Budget Communication, that the government will increases taxes on gaming, has  caused a stir throughout the business community and among Bahamians in general. Reacting to  the […]

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