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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 […]

Umbrella Union wants Constitutional Reform

10 November 2017

Constitutional Reform was the agenda behind the National Congress of Trade Unions of the Bahamas (NCTUB) as the organization is amending its constitution for all Union affiliates to align with international standards. “There are changes we’ve made in the constitution to ensure that affiliates fall in line with international standards to be more unified,” says […]

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Foreign Investors By- Pass Bahamas

10 November 2017

For the economy of The Bahamas to regain strength there must be some external investment. However, according to the Managing Partner of Deloitte Bahamas, Raymond Winder, many of these investors are not prepared to invest in the local economy. “ In our national investment policy, for too long we have governed our country through a […]

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Better Communities Reduce Crime

09 November 2017

“We actually don’t have a crime problem, but we have a neglect problem,” were the words Minister of National Security Marvin Dames as he  opened his address  in a  Meet the Minister breakfast held at the British Colonial Hilton yesterday. Speaking to a room filled with professionals from various backgrounds, Mr. Dames said, “many would […]

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Pensions Act Amendments “ To Retool Public Service”

09 November 2017

National  Security  Minister Marvin Dames  says the government  has taken  a step to revitalise and retool the public service and introduce a serious succession planning model and set the public service on a path to creativity, innovation and productivity.   The Minister’s remarks came during a debate in the House of Assembly yesterday to amend […]

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“DIVISION IS THE BIGGEST ECONOMIC CHALLENGE,” SAYS FORMER MP

09 November 2017

Former   Member of  Parliament  Lester Turnquest  sees division  as the biggest challenge to growing the Bahamas’ stagnant economy. Mr.  Turnquest, appearing as a guest on the  Radio  Love 97  afternoon show, “On  Point”, said the  template for a successful country and a successful jurisdiction  is the ability to mobilize your entire population to get […]

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BPL Employees Exonerated

09 November 2017

Bahamas Power and Light (BPL) employees who, because of the nature of their jobs, were investigated,  have been exonerated and their names are  back in good standing, according to Minster of Public Works Desmond Bannister. The employees, whose names were mention in a report completed by Ernst and Young to investigate the financial state at […]

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Firearm Owners Warned

09 November 2017

Persons that own registered firearms are strongly urged to renew their licenses  should they plan to use their weapons legally. The Royal Bahamas Police Force (RBPF) is urging members of the firearm community to ensure their firearm licenses   are  up to date. In a Press Conference  yesterday, Officer in Charge of Firearms, Assistant Superintendent […]

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Bowe: “ Build Economy On Positives”

09 November 2017

Former Chairman of the Bahamas Chamber of Commerce Employers’ Confederation , Gowon Bowe  is  optimistic about  the growth of the country’s economy despite there still being a high unemployment rate, saying that he believes that the future of The Bahamas can be built upon past positives. “We see the slow decline in the unemployment numbers, […]

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Works Minister Apologizes For Audit

09 November 2017

Minister of Public Works, Desmond Bannister  made a public apology to Leader of the Opposition, Philip Davis after his reputation and integrity came under attack after a leaked copy of  Ernst and Young’s  audited report of Bahamas Power and Light (BPL) became public. Mr.Bannister in a communication in the House of Assembly yesterday  said, “I […]

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Former Central Bank Governor Not Optimistic About Economy

08 November 2017

Former Central Bank Governor Julian Francis has painted a very grim picture of the country’s economy saying he is not optimistic for it’s growth in the near future. He made the comments while appearing as a guest on a JCN Roundtable Program discussing the economic prospects of the Bahamas. Francis who served in that post […]

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