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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 […]

Senators Apprehensive About Credit Report Bill

23 February 2018

Senators met yesterday and debated  the Credit Reporting Bill,  legislation that would ensure a fair and accurate credit reporting system. However,  some Senators  had concerns about the bill. The ultimate aim of the Credit Reporting Bill is to restore consumer confidence and confidence in the banks to lend money.  While members on both sides of […]

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DPM tells Grand Bahamians- Focus on Benefits of New Oil Refinery Project

23 February 2018

Deputy Prime Minister, Minister of Finance and Member of Parliament for East Grand Bahama, the Hon. K. Peter Turnquest said that while he is  aware of all the talk among the public about the $4 billion oil refinery project by Oban Energies, he urged Bahamians – particularly Grand Bahamians – to focus on the benefits […]

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OIL DEAL “OVER  ZEALOUS”

23 February 2018

The government may be praising their new deal with Oban  Energies but the official opposition is calling that deal over zealous. In an interview with The Journal yesterday Chairman of the Progressive Liberal Party Senator  Fred Mitchell said the government obviously didn’t do their due diligence with this deal. The  Journal understands that the former […]

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YOUTH MINISTRY TO STAGE FESTIVAL FOR THE FAMILY

22 February 2018

Minister of Youth Sports and Culture  Michael Pintard yesterday said he believes his Ministry has a commitment to engage young people in The Bahamas in youth activities by inspiring the youth through arts and culture. Mr. Pintard  made the remarks  as his Ministry is gearing up for its second Culture and Youth in the Park […]

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BAHA MAR CHIEF ISSUES CHALLENGE


22 February 2018

The tourist industry is growing by double digits, but the President of Baha Mar Graeme Davis says  there is  more the Bahamian community can do to for when tourist arrive. Besides innovative ideas to create a better experience for tourists, Mr. Davis said that businesses should invest more in the upkeep of their establishments. “I […]

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900 athletes expected to compete at the National High School Championship

22 February 2018

The Ministry of Youth Sports and Culture yesterday announced the 2018 National High School Track and Field Championship to be held at the Thomas A. Robinson National Stadium during a press conference held at the Ministry. Teams representing 900 athletes from public, private and Family Island schools are expected to compete at the event. The […]

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Investigators Find More Plane Parts

22 February 2018

The air accident investigation department will be travelling to Andros to further investigate new found plane parts from January’s failed Aztec plane crash. On Friday investigators were alerted to a  video that was posted on Facebook showing fishermen in the Andros area diving  in waters  around what  was believed to be the ill-fated aircraft that […]

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Gov’t Saddled With Debt

22 February 2018

Six months into the 2017/2018 budget and the government remains saddled with tens of millions of dollars in debt left by the former Progressive Liberal Party administration. Deputy Prime Minister and Minister of Finance, Peter Turnquest, revealed during his presentation of the mid-year budget that more than $30 million in arrears had to be paid. […]

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Road Paving Project begins in New Providence

22 February 2018

Motorists in New Providence can look forward to “smoother” drives. The Ministry of Works has embarked on a road paving project in New Providence which encompasses main arteries and some side streets. The project’s scope of works entails all New Providence streets that have been in a “poor” state for a while and which are […]

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Economy Recovers, Says DPM

22 February 2018

Deputy Prime Minister and Minister of Finance, Peter Turnquest is optimistic that the local economy is showing clear signs of recovery following its  protracted underperformance. He says that the finances of The Bahamas is in a better place than they were at the middle of the last financial year. Mr. Turnquest said, “there are clear […]

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