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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 […]

NIB Reform Foreshadowed

20 February 2018

The $20 million the National Insurance Board (NIB) lost in 2016 has forced its Board to make changes. According to National Insurance Minister Brensil Rolle, the loss of so much money prompted the need to have at least two workshops. “We’re going to engage our Compliance Division, so that people can pay what is expected […]

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HOA Signed With OBAN – 80% Bahamian Workforce Promised

20 February 2018

Grand Bahama’s jobless rate may be headed for decline. Chairman of Oban Energies Oil Storage and Refinery Company Peter Kreiger has revealed plans to have a workforce primarily made up of Bahamians. “Our local supplier program will ensure that there is a direct financial investment in the local community and it will commit our suppliers […]

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Pair Jailed for Drugs & Gun Possession Charge

20 February 2018

A couple was yesterday jailed on gun and drug possession charges. Appearing before Magistrate Subusola Swain were 31-year-old Jason King of Dignity Gardens and 37-year old Samantha Bethel of Pineyard Road, who were arraigned on two counts of possession of an unlicensed firearm namely an AK 47 rifle, another two counts of possession of ammunition […]

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Dames To Criminals: Nowhere To Hide

20 February 2018

National Security Minister Marvin Dames yesterday reiterated a long held warning to criminals that there is nowhere to hide. The no nonsense forewarning followed several shootings in Pinewood Gardens this past weekend that left two people dead, several injured and some residents on edge. But the minister rests easy that the anti-crime strategies are working […]

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Four Charged With Fraud

20 February 2018

A woman one of four arraigned in a magistrate’s court yesterday on a litany of unrelated fraud related charges. Represented by attorney Crystal Rolle, Chrispintina Munnings was arraigned on a total of 25 counts – seven counts of fraud by false pretense, 10 counts of stealing, and four counts each of acquisition and laundering. It […]

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Gov’t To Review Concessions

20 February 2018

The government plans to review all concessions and incentives in a bid to ensure value for money. While concessions and agreements seemingly go hand in hand, Deputy Prime Minister and Minister of Finance Peter Turnquest said the government is looking into how these concessions actually help Bahamians. “The models that we have in respect to […]

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Inside Secrets to Nygard’s Phenomenal Success

19 February 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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Attitude: How Important Is It Really?

16 February 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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“DEMOCRACY UNDER ASSAULT”

16 February 2018

The Member of Parliament for Exuma and Ragged Island  Chester Cooper says “in the aftermath of what went down in the House of Assembly Wednesday, Bahamians of political persuasions can see that democracy and due process are under assault in this country.” Addressing a Progressive Liberal Party Rally at  Gambier House (The Sir Lynden Pindling […]

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Signs of Economic recovery 

16 February 2018

Bahamas  Chamber  of  Commerce Chief Executive Officer  Edison Sumner said “while we’re not ideally out of the woods yet, signs are pointing to the fact that there is some recovery in the economy” This year’s state of the economy report is under the theme road to recovery- overcoming economic challenges (How do we fix the problems). Speaking […]

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