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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 […]

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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Pure Million-Dollar Magic

07 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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“A Budget of Misery”, Says DNA

07 June 2018

The Democratic National Alliance (DNA)  has lashed  out at the government stating that the new budget is one of misery for the poor and that  the Free National Movement’s administration decision  to consult is a little too late.  Deputy Leader of the DNA, Arinthia Komolafe in a statement yesterday said that the 2018/2019 Budget presented […]

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