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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 […]

Committee Seeks The Best In Bahamian Society

06 June 2018

The  advisory committee of the National Honours  system  says that they are seeking the best of the best;  those that have reached extraordinary achievements and those that have helped to develop not only communities but the country. Having done a test exercise before attempting to see how many nominees would be obtained and getting a […]

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“Death Warrant For Web Shops”

06 June 2018

The Chief Executive Officer of of FML Group of Companies Craig Flowers  says the decision on the government to significantly raise taxes on Web Shop  gaming is a death warrant to the industry. He said there is “no way the Web shops can continue with the proposed taxes. The government is on thin ice; most […]

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BFSU REMAINS STRONG FOR FALLEN SISTERS

06 June 2018

The Bahamas Financial Services Union (BFSU) President, Theresa Mortimer, having lost four persons  in  the Labour Day tragedy, said she and her members are trying to cope with the situation as best as possible.  Four women died when a truck ran into them on East Street near Shirley Street during the Labour Day march. “We […]

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Vehicles may be removed from Labour Day Parade

06 June 2018

Vehicles may very well be banned from next year’s Labour Day Parade, according to Labour Minister Dion Foulkes.  Mr. Foulkes said that he spoke with the presidents of both the Trade Union Congress (TUC) and the National Congress of Trade Unions Bahamas (NCTUB) along with representatives of Sir Randol Fawkes’ family to review the process […]

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Grand Bahamians Protest New Taxes

06 June 2018

Opposition Leader Philip Davis says “Grand Bahamians have demonstrated in the streets and taken to social media urging the government to fix Grand Bahama. That island delivered five FNM MPs, three senators and three ministers, yet all they have to show is a closed hotel property with no prospects for opening; more foreign labour at […]

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Three Killed In Plane Crash

06 June 2018

Three American  men perished in a plane crash in bushes on the island of Eleuthera yesterday. Police on the island say  a twin engine  Cessna aircraft crashed in bushes off  Rock Sound International Airport.  The aircraft departed Rock Sound shortly after 3pm enroute to Fort Pierce, Florida, USA. The aircraft had reportedly crashed in rough […]

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Primary Student Killed

06 June 2018

Police officials are on the hunt for the man behind an early morning shooting that took the life of seven-year Cameron Cooper and left another male  wounded. According to Assistant Commissioner of Police, Clayton Fernander, the incident stemmed from a drug fight on Pipe Lane, just off Palm Beach Street after 7 am on Tuesday […]

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MERCHANTS RESPOND TO VAT INCREASE

06 June 2018

While the government assures that the increase in Value Added Tax (VAT) would reduce the country’s debt and improve finance, many retailers believe there  will be a greater effect on consumers.  Director of Retail for Milo B. Butler and Sons, Allan Butler, said transitioning from 7.5 percent to 12 per cent will not affect the […]

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Web Shop Owner Feels Betrayed

06 June 2018

A local Wed Shop owner is lashing out at the government for what he calls a betrayal. Craig Flowers, Chief Executive Officer  of FML Group of Companies said as a Bahamian he feels betrayed by the Free National Movement  government’s decision to  increase in taxes. “I feel betrayed by the present government  because the argument […]

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Breadbasket Items on Probation

06 June 2018

The fact that corned beef remained on the list of breadbasket items came as quite a relief to many, who view the meal as a staple. However that  feeling that could be short lived,  according to Minister of Health Doctor  Duane Sands.  The Minister said  that the item is “on probation” as it relates to […]

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