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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 […]

Unemployment Rate Drops to 9.9%

14 August 2017

The Department of Statistics released its unemployment statistics last week which revealed that the unemployment rate in The Bahamas has dropped by 1.7 percent from 11.6 percent to 9.9 percent. The drop is due to the increased number of employed people which now sits at 7,770 versus a decreased number of unemployed people which translates […]

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Passport Collection Returns to Passport Office Headquarters on Monday

11 August 2017

Following a successful exercise to facilitate the collection of new e-passports at a Special Collection Centre, the Passport Office has announced that the Passport Collection/Issuance centre returns to the regular headquarters on Thompson Boulevard/University Drive, effective Monday, August 14, 2017. Chief Passport Officer Superintendent Clarence Russell said, “The special collection exercise during the month of July […]

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‘Govt Action a Farce,’ Says Mitchell

11 August 2017

Senator Fred Mitchell called the government’s verification process “farcical” and “a bunch of bull” after he received a letter demanding that he verifies. The senator said he would have ignored the “ridiculous” letter, but the deputy prime minister defended the verification process by explaining that the government is carrying out the process to ensure that […]

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PM Focuses on Young Entrepreneurs

11 August 2017

Prime Minister Dr. Hubert Minnis assured yesterday that youth entrepreneurial empowerment will be the government’s major focus which is considered as a measure to tackle problems such as unemployment, crime and social issues. Dr. Minnis addressed the government’s commitment to youth entrepreneurial empowerment during the launch of Bahamas Striping Group of Companies Investment Group. Bahamas […]

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“The Wrong Direction Will Destroy This Country”

11 August 2017

The Clifton Review The Clifton Review is a bi-weekly column that examines the question of the Clifton project along with the evolution of the war between two billionaires, the links to unsavory characters, the use of the courts for personal agendas, the involvement of a political party, and the attacks on the Government of The […]

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BPL CEO Promises Less Power Outages

10 August 2017

Less power outages and cheaper bills in the future – that is what Bahamas Power and Light (BPL) CEO Pamela Hill predicted yesterday, as she unveiled the company’s new five to seven year plan to assist consumers. “We’re working on two key things in order to improve it [power outages],” Hill revealed during the Rotary […]

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Minor Issues Experienced as Verification Begins

10 August 2017

Following one working day of that controversial verification and restatement process, Deputy Prime Minister and Minister of Finance Peter Turnquest told reporters that there were a few minor issues, but overall he is satisfied with how things played out thus far. The issues of long lines he spoke of were attributed to confusion as it […]

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Tourism Signs MOU

Tourism Signs MOU with Airbnb

10 August 2017

The Ministry of Tourism signed a memorandum of understanding (MOU) with Airbnb Inc. representatives yesterday to implement a new legislation which will require that a tax be paid on vacation rental home businesses. Minister of Tourism Dionisio D’Aguilar said the new legislation will put in place a modern regulatory framework within which vacation home rentals […]

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Baha Mar Unveils ‘The Current’ Art Center

10 August 2017

Baha Mar welcomed local artists and residents on Friday night to meet John Cox, Baha Mar’s Creative Art Director, and unveiled the various opportunities for Bahamian artists to be included in the curation of art throughout the entire property, including The Grant Hyatt, SLS Hotel, Rosewood Hotel, ESPA, the Convention Center and the Casino floor. […]

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PM Tells Ministers to Resist Bureaucratic Inertia

10 August 2017

Prime Minister Dr. Hubert A. Minnis Wednesday challenged Cabinet ministers and public officers to resist the bureaucratic inertia that can sometimes creep into the equation as both go about the execution of their duties.   “The public service has a necessary restraining role, but too often that restraining role becomes bureaucratic inertia,” Prime Minister Minnis said. “Sometimes […]

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