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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 […]

$2.6 BILLION BUDGET

31 May 2018

The 2018/2019 Budget Communication presented in the House of Assembly yesterday by Deputy Prime Minister and Minister of Finance, K. Peter Turnquest  is causing political consternation around the  Bahamas as Bahamians rebel against the government’s decision to increase Value Added Tax (VAT) by 60 per cent.  The rate has been  moved from 7.5 per cent […]

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No VAT On Breadbasket Items

31 May 2018

Deputy Prime Minister and Minister of Finance, Peter Turnquest revealed during his presentation of the 2018/2019 Budget, that Value Added Tax (VAT) will be eliminated on breadbasket items, a “commitment to Bahamians”.  “As for measures that that we are implementing to meet our commitments to Bahamians and provide tax relief to individuals and businesses: effective […]

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Baptist Leader Cites Crime As “The Worst of Times”

31 May 2018

“For us today, crime and criminal activities ensure that we live in the worst of times.” These words were uttered by President of The Bahamas National Baptist Missionary and  Education Convention, the Reverend  Doctor  William Thompson Tuesday  night at he addressed the annual session. He  said that “crime stalks our land with tornadic destructiveness…  Families […]

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Country’s Bond Rating Is Junk, Says Minister

31 May 2018

Making a startling announcement in the House of Assembly in a lengthy 2018/2019 Budget Communication yesterday,  Deputy Prime Minister and Minister of Finance, K. Peter Turnquest said that “the country’s bond rating is at junk status.” In defense of his government’s decision to hike the VAT rate, he charged that the Minnis administration could do […]

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Bahamian On Firearm charges

31 May 2018

A 35-year-old father of two, Deolo Cordell  Pratt  was arraigned before Chief Magistrate Joyanne Ferguson- Pratt  yesterday  on three counts of the importation of ammunition and one count of conspiracy to import ammunition without possessing a fire arm certificate. The  offences are alleged that have taken been committed  between March and July 2016.    Pratt is […]

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OUTRAGE OVER VAT

31 May 2018

Deputy Leader of the Progressive Liberal Party, I Chester Cooper says the government decision  to raise Value Added Tax to 12 percent  “is not only treacherous but is a reckless and dangerous move on the part of the government”.  “The Government shamelessly announced an increase in VAT from 7.5 per cent  to 12 per cent […]

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Gov’t weighs options on NIB increase

30 May 2018

The National Insurance Board (NIB) is weighing out their options as it relates to increasing contributions from nine per cent to 20 per  cent,  according to the Cabinet  minister responsible, Brensil Rolle.  Mr. Rolle said that although this has been the position of the IDB and some sectors of NIB for quite some time, the […]

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Teen Charged With Sexual Assaults

30 May 2018

A 15-year-old male of Davis Street was arraigned  yesterday in the magistrate’s court on three counts of unlawful sexual intercourse. It is alleged that on Thursday 28th of April 2018 he had sexual intercourse with a 6-year-old female;  again on Thursday 14th of May 2018,  with a 10-year-old female  and  for a third time with […]

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Minister reveals plans for general post office

30 May 2018

Long suffering employees of the general post office could very well be working out of a new Gladstone Road post office by the end of the year.  The Minister of Transport  with  responsibility for the East Hill Street Building, Frankie Campbell, announced yesterday that he received a notice of possession of a building in southwest  […]

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POLICE PROBE SPANISH CAY ROBBERY

30 May 2018

Police in Abaco need the public’s assistance in finding the culprits who robbed a business establishment in Spanish Cay.  According to Police reports,  on Sunday shortly after 10:00pm, two men, both reportedly armed with firearms, entered a business establishment, approached two employees  and stole and undetermined amount of cash before escaping.  Police are actively investigating […]

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