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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 […]

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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MAN ARRAIGNED FOR COCAINE

14 December 2017

A young man was arraigned on a number of drug related charges yesterday after an  arrest which took place at the Lynden Pindling International Airport (LPIA) on Monday. Twenty year old Shaquelle Moss of  Garden Hills Number Two, appeared before Deputy Chief Magistrate Andrew Forbes. Moss faced one count each of possession of dangerous drugs, […]

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Manhunt for Eleven Wanted Criminals

14 December 2017

Police  have released the names and sketches of eleven  criminals who they say  are on the loose  and roaming the streets.  They  are appealing to the public to assist them in nabbing these men. Police say they are targeting organized criminal groups and have so far arrested twelve suspects who have already been arraigned. At […]

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