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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 […]

A BILLION SOULS NETWORK COMES TO THE BAHAMAS

17 May 2018

According to Pentecostal pastor, Dr. James Davis, more than 90  percent of all religious ministers worldwide have no formal education. Further,  tens of thousands drop out of ministry each year. It is this very reason that gave birth to the Billion Souls Network, which after 15 years is making its way to the Bahamas. The […]

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Bill To Allow Borrowing by BPL

17 May 2018

Bahamas Power and Light (BPL)  is seeking to do a number of things which in effect will be “fairly costly,” according to Minister of Public Works, Desmond Bannister.  During his contribution to the Electricity Amendment (BPL) Bill, in the House of Assembly yesterday, the Minister said “the current BPL legislation, while it provides that BEC […]

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House Passes Entities Reporting Bill

17 May 2018

The government and opposition yesterday put differences aside and spoke with one voice on a critical piece of legislation for the financial services industry.  The two sides both agreed to support the passing of a Multi-National Entities Reporting Bill to satisfy another requirement of the European Union’s Code of Conduct Group – the same group […]

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BAHAMAS AND U.S RESUME AIR TRAFFIC MEETING

17 May 2018

The Governments of the Commonwealth of The Bahamas and the United States of America have  resumed negotiations over the last two days  in Nassau  regarding the management of the sovereign airspace of The Bahamas. Since 1952, a portion of the air traffic through the sovereign airspace of The Bahamas has been managed by the Federal […]

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RBPF MANPOWER AUDIT RELEASED

17 May 2018

The Royal Bahamas Police Force Man Power Audit 2018 revealed that the police force is being widely viewed as incompetent when it comes to organizational movement of people for vacant promotional practices.  The RBPF’s Manpower Audit 2018 also found that there is a lack of transparency and accountability that  led to several junior officers exiting […]

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Phone Records Introduced In Smith’s Trial

17 May 2018

The trial of former Progressive Liberal Party Senator Frank Smith continued yesterday with new evidence being introduced and exhibited of telephone records of the former Public Hospitals Authority Chairman.  The telephone records were introduced in the extortion and bribery trial, but not before several delays as the prosecution had to wait for the documents and […]

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“Measurement Of My Success—How I Share Money”

16 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 […]

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Minister And Union Leader In Conflict

16 May 2018

Minister of Transport Frankie Campbell,  responsible for the General Post Office  and Bahamas Public Services Union President Kimsley Ferguson experienced some friction on yesterday’s decision to allow post office workers  short work days. This disagreement followed a power outage at the East Street  post office that worsened by the fact that there were no batteries […]

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Key Witness In Smith’s Trial Tested On Loan

16 May 2018

Various outbursts and  frustration  of the prosecution’s key witness Barbara Hanna  marked yesterday’s  trial  in the ongoing bribery and extortion  case of former Chairman of the Public Hospitals Authority, Frank Smith.  She  told the court that the truth will come out at the end of the trial.  Defense attorney, Keith Knight QC, insisted during cross-examination  […]

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CLICO POLICY HOLDERS STILL HOPEFUL

16 May 2018

Very little has been said about CLICO in recent months, but years after the insurance company flopped, thousands of its policyholders are still holding on to hope that there will be some resolution.  The Minnis administration has followed the lead of previous governments in trying to make both policy and annuity holders whole.  However, liquidators […]

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