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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 […]

Opposition Leader responds to DPM’s comments

04 June 2018

Leader of the opposition Phillip Davis responded to Deputy Prime Minister and minister of Finance Peter Turnquest’s remarks that statements made by the opposition were “laughable”.  Mr. Davis told the Journal News Team that the PLP needs answers.  He said, “Why would he say that we’re in no position to talk? We have spoken and […]

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Labour Leaders Shocked by Tragedy

04 June 2018

Labour Minister Senator Dion Foulkes shed tears as he was emotionally  overwhelmed  over the Labour Day parade tragedy. He said National Congress of Trade Union (NCTU) leader Bernard Evans along with Trade Union of Congress (TUC) leader Obie Ferguson were marching around the British Colonial Hilton Hotel when a Police Officer gave them the shocking […]

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Davis saddened by Labour Day Tragedy

04 June 2018

In the wake of this weekend’s Labour Day Tragedy, Opposition Leader Phillip Davis described the events as “a very gloomy time” for Bahamians particularly while the country celebrates its workers.  Mr. Davis said that the Progressive liberal party (PLP) joined the Labour day parade pausing on four different occasions to commemorate the marchers that lost […]

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Devaluation Comment Called Senseless

04 June 2018

Opposition leader Philip Davis has taken exception with comments by Prime Minister Doctor Hubert Minnis concerning a possible devaluation of the Bahamian dollar. Mr. Davis responded  to press comments attributed to Dr. Minnis defending the government’s decision to raise  the Value Added Tax (VAT) rate from 7.5 per cent to 12 per cent. The Progressive […]

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“A new VAT Model”

04 June 2018

Despite the government’s assertion that the implementation of a Value Added Tax (VAT) increase to 12 per cent was necessary to better the country’s financial state, the Chairman of the Coalition which advised the government initially on the introduction of VAT says the government has departed from the original  model which was agreed.   Weighing […]

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DPM fires back at Opposition’s Budget Criticism

04 June 2018

Deputy Prime Minister Peter Turnquest fired back at the opposition after PLP leader Phillip Davis described growth within the last fiscal year as “anemic”.  Mr Turnquest says,  “It is laughable that an opposition that oversaw a massive run up in debt over the last five years would have the nerve, the gall to stand before […]

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Labour Day Carnage

04 June 2018

The nation mourns after   what is being called ”a  senseless   lapse” on the part of a truck driver  that resulted in the deaths of four women and  caused  scores of  casualties on Labour Day this  past Friday. The jubilation of  participants in the Labour day parade  soon turned into grief  shortly after  10 […]

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Chinese Nationals Detained On Drug Charges

04 June 2018

Four Chinese nationals along with one Ecuadorian were  charged with possession of drugs with the intent to supply last Thursday. Standing before Deputy Chief Magistrate Subusola Swain, all of the Defendants pleaded not guilty and were  remanded to The Bahamas Department of Corrections until August 7th. Among the Chinese nationals were two juvenile; Ziyi Dang […]

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Ministry of Health launches Anti-Tobacco Initiative

04 June 2018

In honor of World No Tobacco Day, the Ministry of Health has  launched an initiative to combat smoking and raise awareness of its side effects.  This year’s goal focuses on drawing attention to health risks associated with the use of tobacco under the theme, “Tobacco and Heart Disease, aiming to expose the link between tobacco […]

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He Refused To Join The 2008 Recession

31 May 2018

MThe 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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