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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 […]

FUNERAL DIRECTORS EXPERIENCE THEFT

28 May 2018

Apart from individuals with no formal training grossly undercutting the market, some Bahamian funeral directors also worry about persons stealing their equipment.  The Bahamas Funeral Directors Association’s (BFDA) Public Relations Officer, Randy Curtis said that he lost $50,000 in equipment one year as a result of stealing.  He said that these items included a church […]

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AIDS STATS REVEALED

28 May 2018

The Ministry of Health  has released its 2017 Global AIDS Monitoring Report. The 2016 Political Declaration on HIV/AIDS report reveals  alarming statistics about HIV/AIDS in the country.  The comprehensive overview of the HIV/AIDS epidemic in The Bahamas showed that between 1985 and 2015, 13,449 persons were HIV positive.  According to reports, over a third of […]

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The Real Peter Nygard

25 May 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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TWO MORE HOMICIDES–Police Under Strain

25 May 2018

Despite  claims that the rate of homicides in the Bahamas is  on  decline, Doctors in the Princess Margaret Hospital are being kept busy in New Providence trying to save lives from several shootings. Yesterday, medical professionals struggled to save   two young  men who were shot in separate incidences, but were unsuccessful. In the first incident, police confirmed […]

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Whit Monday Alleged Shooter Remanded

25 May 2018

Three days after the fatal shooting of 27-year-old Javano Stuart of Banyan Avenue, South Beach, 30-year-old Arsinio Brown was charged before the Magistrate’s Court for that Whit Monday homicide. Appearing before Deputy Chief Magistrate, Subusola Swain, Brown, who was not represented by an attorney, was not required to enter a plea. According to the police […]

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Grand Lucayan Sale Nearing Completion

25 May 2018

Things are looking up for the finalization of sale of the Grand Lucayan Resort in Grand Bahama, as Deputy Prime Minister and Minister of Finance, Peter Turnquest said that the government, along with the purchasing company Wynn Group  are looking forward to bringing the negotiations to conclusion. Speaking with reporters on the sidelines of the […]

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CRYPTOCURRENCY PARLEY SET FOR GB

25 May 2018

A major Blockchain and Cryptocurrency Conference is scheduled for Grand Bahama next month. Making the announcement,  Minister of State for Grand Bahama Senator Kwasi  Thompson  noted that this will establish Grand Bahama as “this region’s Silicon Valley”. He said, “upon taking office last year, the government dedicated itself to making The Bahamas a premier place […]

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Another Assault On Female Teen

25 May 2018

Police appealing to parents and or guardians of children and teens to do more to protect them, particularly females, when walking on the streets  after another female reported an indecent assault. They are  working in overtime to apprehend sexual offenders in New Providence. According to police reports, shortly after 2:00pm, a juvenile female was walking […]

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$120 Million Wynn Hotel For Cable Beach

24 May 2018

Wynn Development, the company that is hoping to conclude the sale of Grand Lucayan, in Grand Bahama soon, is set to bring an addition to the Cable Beach strip with a multi-million dollar hotel and residence.  The estimated cost of the project is $120 million.   During a groundbreaking ceremony at the proposed site on […]

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BEC BORROWS $211 MILLION

24 May 2018

The government has entered into a non-revolving term loan facility agreement with various banks to make  available  a $211 million dollars to BEC. This was announced in the House of Assembly yesterday by the Minister of Works Desmond Bannister who said that the company is presently in a financial crisis. “There’s a number of factors […]

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