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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 […]

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Bank of the Bahamas downsizing

16 November 2017

Bank of the Bahamas is undergoing  a downsizing exercise at two of their branches. It is reported that 15 or more persons were let go from the Village Road branch on Tuesday  and another large number of persons from the Harold Road branch on Wednesday. Minister of Finance Peter Turnquest said he knew nothing of […]

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Police Wear Body Cameras

16 November 2017

In an effort to reduce the level of crime in The Bahamas, the Royal Bahamas Police Force has introduced Point Blank body cameras that will not only help in the fight, but will also make police officers accountable. During a demonstration of police officers in action outfitted with the bodycams, Commissioner of Police, Anthony Ferguson […]

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American Visitor Arrested For Marijuana

16 November 2017

Police have  arrested a female American visitor for possession of a quantity of marijuana while at the international section of the Lynden Pindling International Airport (LPIA). According to police reports, shortly after 6pm on Tuesday, officers from the Airport Division, acting on information conducted a search of the American female and found a quantity of […]

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Gov’t Pursues Process to Fuel Economy

16 November 2017

In a bid to counteract the effects of the current economic crisis and to stimulate economic recovery in The Bahamas, the government is ‘aggressively’ pursuing ways to boost the economy. This, according to the Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette is an objective that is of top priority […]

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COOPER QUESTIONS LOGIC OF LOANS

16 November 2017

The Member of Parliament for Exuma and Ragged Island, I.Chester Cooper says the opposition questions the logic of the government borrowing U.S. dollars to pay off Bahamian dollar loans “at a time of excess liquidity in the system.” He noted that $300 million is being used to pay –off domestic treasury bills and bank advances. […]

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Finance Minister Explains Loans

16 November 2017

The Minister of Finance, K. Peter Turnquest, went to great lengths yesterday to explain the reason and rationale behind the latest borrowings of the government. The Minister was able to restructure  loans and get the interest rate reduced from six and a quarter to six per cent. Addressing members of the House of Assembly, Mr. […]

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Post Office Demo Hits Bay Street

16 November 2017

Still taking a stand against adverse working conditions, the staff of the post office took their protest from their doorstep at the general post office to Bay Street. Armed with a plaqucards and pictures of mold and rats, workers from all of the post office branches gathered just two feet away from the House of  […]

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ALIV’S AMAZING YEAR

16 November 2017

As the only other major mobile network in the country,  ALIV has made a brand for itself in an arena that was monopolized for years. Chief ALIV Officer (CAO) Damian Blackburn said creating the brand ALIV has been a fantastic journey. “It’s been an amazing year, clearly.  Launching this a year ago was an incredible […]

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Haitian Pastor Tells Christians, “Do The Right Thing”

15 November 2017

President of the Haitian Pastors Association, Dr. Cherelus Exante says it is the responsibility of all Christians to do the right thing when it comes to illegal immigrants. Dr. Cherelus was responding to the call for his group to turn in illegal Haitian Nationals who may have been aboard the alleged Haitian sloop found in […]

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PM “Troubled” Over Haitians Escape

15 November 2017

Prime Minister Dr. Hubert Minnis is reportedly disturbed and “troubled” after an empty Haitian sloop washed ashore over the weekend and the escape of  its occupants. The  hunt for the migrants on board the vessel began on Sunday when the  Royal Bahamas Defence Force said it was investigating the incident that took place a stone’s throw […]

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