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LANDMARK $600M AGREEMENT SIGNED TO REVITALIZE GRAND BAHAMA SHIPYARD FORMER MANAGING DIRECTOR CHARGED WITH DEATH OFPHILLIP ADDERLEY
 
The government signed a Heads of Agreement with Carnival Cruise Line and Royal Caribbean International on Thursday.  This agreement marks the approval of a long-planned project to expand and revitalize the Grand Bahama Shipyard, with a $600 million investment dedicated to the construction of new drydocks and improvements to the facilities in Freeport.  This expansion will position the shipyard to feature the largest floating dock ship repair facility in the Western Hemisphere by 2026, significantly boosting the island's economy.

LANDMARK $600M AGREEMENT SIGNED TO REVITALIZE GRAND BAHAMA SHIPYARD

The government signed a Heads of Agreement with Carnival Cruise Line and Royal Caribbean International on Thursday.  This agreement marks the approval of a long-planned project to expand and revitalize the Grand Bahama Shipyard, with a $600 million investment dedicated to the construction of new drydocks and improvements to the facilities in Freeport.  This expansion will position […]

Mario Bannister

FORMER MANAGING DIRECTOR CHARGED WITH DEATH OFPHILLIP ADDERLEY

Police Prosecutors charged Mario Bannister, former ManagingDirector of Clifton Heritage National Park this week for acting as an accessory to themurder of 36-year-old Phillip Adderley, by providing a vehicle to the accusedkillers.Twenty-eight year old Christian Napier and 26-year-old Donte Riley werecharged with killing Adderley whose body was found on August 15th, 2024,stabbed to death in […]

BAHAMAS MARITIME CEO RESIGNS

19 December 2017

The Chief Executive Officer and Managing Director to the Bahamas Maritime  Authority Commodore Davy Rolle has resigned  after eight years of service. The announcement was made by the Chairman of the Bahamas Authority Denis Lewis-Johnson at a press conference with details on the transition process. “The BMA has established a Transition Committee made up of […]

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FNM Touts S&P Rating

18 December 2017

The Free National Movement has said the stable economic outlook report from Standard & Poors  (S&P) affirms that the steps the FNM is taking to stimulate investment, enhance revenue collection and reduce public spending confirms that the country is moving in the right direction. In a statement from the party, the government added that in […]

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Man Killed In Police Shooting

18 December 2017

A man was shot and killed by police on Friday. The incident started as police issued an APB (All Points Bulletin) for a sky blue Nissan Bluebird vehicle with two suspicious looking men, who were seen casing the Palmdale area. Reports are that shortly after 7:00pm on Friday, officers on routine patrol spotted the vehicle […]

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Roberts Calls For Bannister’s Resignation

18 December 2017

Former Progressive Liberal Party Chairman Bradley Roberts has called for the resignation of Minister of Works Desmond Bannister. In a statement  yesterday Mr. Roberts  said  that  Mr. Bannister was caught red handed telling two “bold faced lies” in his capacity as a Cabinet Minister on the Stephen Dillet repair contract and must immediately resign or […]

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Three Americans Arrested on Cocaine Charges

18 December 2017

Three American females were arrested for drug possession over the weekend, after they were allegedly found in possession of dangerous drugs at the Freeport Harbour. In the first incident, shortly before 7:00pm on Friday, a 60 year old American female presented herself at a security check point at the Freeport harbor.  She was  subsequently searched […]

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PM: Enterprises Bill Will Liberalize Economy

18 December 2017

Prime Minister Dr. Hon. Hubert Minnis continues to tout the prospects of the passed Commercial Enterprises Bill saying the bill will ensure the ease of doing business in the country. The Prime Minister  was addressing a reception for Bahamians and friends of the Bahamas residing in Washington, Northern Virginia and Maryland on Saturday. His comments […]

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Bahamas Signs Convention For Assistance On Taxation

18 December 2017

The Bahamas Financial Services Board announced that the government has signed a multilateral convention for assistance on tax matters. In a statement , the Board said arriving at this point has required much collaboration between the government and industry stakeholders and this multilateral approach is consistent with that taken by over 108 countries in the […]

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Cooper Says S&P Rating Doesn’t Warrant Celebrations

18 December 2017

Exuma and Ragged Island MP Chester Cooper has said there is no need to celebrate  Standard and Poors’  decision to affirm The Bahamas’ sovereign credit rating as stable. In a statement the Shadow Minister for Finance said  there’s not much to celebrate by Standard and Poors having The Bahamas’ sovereign credit rating remain at junk […]

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PM reveals National Honours Regulations

14 December 2017

The Prime Minister Doctor Hubert Minnis tabled the regulations yesterday for a National Honours System. The Prime Minister said that the system would honour persons who have sacrificially given in areas such as culture, politics, athleticism, charity and artistry, among other areas,  from both the public and private sector as well as uniformed branches of […]

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Income Tax Coming?

14 December 2017

The government will be looking at the possibility of introducing income tax in an effort to further comply with the regulations of the Organization for Economic Cooperation and Development ( OECD). Prime Minister Dr. Hubert Minnis revealed in the House of Assembly yesterday that the Bahamas has been saved from the threat of being blacklisted […]

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