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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 […]

New Procurement Bill Promised

20 December 2017

The Bahamian government is changing the way people and businesses bid for government contracts.  This  was revealed yesterday by Finance Minister Peter Turnquest at a press conference held in The Office of the Prime Minister at Sir Cecil Wallace-Whitfield Center. The government has introduced the opening of the E-Tendering and Supply registry, which will connect […]

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Renewed Focus On Marital Rape

20 December 2017

Following a United Nation representative’s comments on a proposed marital rape law last week,  two cabinet ministers have shared their views on the matter. The UN’s special rapporteur on violence against women Dubravaka Simonovic placed renewed focus on the issue as she pointed to the country’s failure to criminalize marital rape. Deputy Prime Minister Peter […]

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RBC Spreads Joy and Cheer to The Cancer Society

19 December 2017

The RBC Royal Bank team recently made a financial donation and provided care packages to help patients at The Cancer Society of The Bahamas. Ericka Johnson, member of the RBC Northern Caribbean Risk team, shared that they were inspired to share the joy of Christmas because of those who are in need. “Every year our […]

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WSC TO IMPROVE WATER SUPPLY IN LONG ISLAND

19 December 2017

Water and Sewerage Corporation (WSC) gets a loan of $23.33 million dollars from the Caribbean and Development Bank (CDC) and a 13.3 in counterpart funding from The Government. Long Island MP and Chairman of WSC, Adrian Gibson stated yesterday during a press briefing held at WSC headquarters. In his efforts to advance water production in […]

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Juvenile Among Trio Charged with Murder

19 December 2017

A 17-year-old was among a trio sent to jail yesterday following their alleged involvement in a recent homicide. The trio appeared before Chief Magistrate Joyann Ferguson Pratt to face numerous charges including murder, armed robbery and in the juvenile’s case accessory. It is  alleged that the young man – knowing 18 year olds Keith Barr […]

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Teen Facing Murder Charge

19 December 2017

Nineteen -year-old Travis Lockhart of Yellow Elder gardens appeared before Chief Magistrate Joyanne Ferguson Pratt yesterday  accused of killing Anthony Anton McKenzie on October 12th 2017. The accused indicated that he was represented by Glendon Rolle, but Mr. Rolle was not present at the arraignment. Lockhart told the court he wears an ankle monitor – […]

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Immigration Policies Under Scrutiny

19 December 2017

The Bahamas’ immigration policies have come under serious scrutiny in  a major international declaration for its continuing practice of deporting people to Haiti without due process. The Declaration of the Second Forum on Haitian Migration specifically criticized the migration polices of The Bahamas, the Dominican Republic and the Trump Administration as key examples of a growing […]

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Internal Auditors get Certified

19 December 2017

Over 50 participants received certification in internal auditing yesterday as a part of a collaboration  with the Jamaica National Agency For Accreditation (JANAAC) and  the Bahamas Bureau Of Standards And Quality’s (BBSQ). Minister of Labour Dion Foulkes who brought remarks said program created a unique opportunity for improved business performance. “The aim of this training […]

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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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