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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 […]

Investors Anxious

31 July 2017

Minister of Education Jeffrey Lloyd promised that great economic stimulation is on the way as domestic and foreign investors are anxious to participate in the Bahamian economy. Lloyd, who was a guest on Love 97’s radio talk show Jones and Company yesterday, shared great news concerning the recovery of the country’s economy, which include potential […]

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“If Good Men Do Nothing, Evil Triumphs”

28 July 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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Shark Attacks Tourist on Rose Island

28 July 2017

A tourist visiting from Switzerland was attacked by a shark on Rose Island yesterday. According to police, shortly after 12 p.m. a woman was on a private snorkeling trip in waters near Rose Island when she was attacked by a shark. The woman was transported to shore and taken to hospital where she is detained […]

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DPM Suggests Possible Service Fees for Bahamians

28 July 2017

“It’s not the government’s intention to inflict pain,” rather the goal is to take proactive measures to address the country’s fiscal challenges and according to Deputy Prime Minister Peter Turnquest, one way may be a government review that may result in added service fees for Bahamians. Mr. Turnquest said yesterday following a Rotary Club meeting […]

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High Traffic Fatalities ‘Grieves’ Minister

27 July 2017

Minister of Transport and Local Government Frankie Campbell delivered grave statistics on the high traffic fatalities in The Bahamas in the last year. During the National Road Safety Committee meeting yesterday, Campbell said the 2016 statistics on road fatalities in The Bahamas are disturbing as Latin America and the Caribbean have the world’s highest per […]

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Rolle Appointed as Minister of Public Service

27 July 2017

Garden Hills Member of Parliament (MP) Brensil Rolle has been promoted to Minister of Public Service and National Insurance, the position he was formerly state minister for. According to Prime Minister Dr. Hubert Minnis, the decision was made so that personal focus could be placed in other necessary areas. “That will give me more time […]

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Migrant 5

190 Haitian Migrants Apprehended

27 July 2017

Following the apprehension of 66 Haitian migrants two days ago, the Royal Bahamas Defence Force (RBDF) apprehended an additional 124 migrants on Tuesday afternoon off Galloway Cay, Long Island. This number now brings the total number of migrants apprehend in three days to 190. The group is made up of 179 males and 11 females. […]

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Police Begin Operation STICS

27 July 2017

Securing The Inner City Strategically (STICS), the code name given by the Royal Bahamas Police Force (RBPF) in an attempt to lower crime and criminal activity within inner cities as their mandate, according to officer in charge of crime investigation, Assistant Superintendent of Police Clayton Fernander, who warned criminals that their criminal activities will no […]

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Govt Cuts Spending

27 July 2017

In an effort to stimulate economic growth, Prime Minister Dr. Hubert Minnis announced that all government ministries will have their expenditures cut by 10 percent. The prime minister made this announcement last night during his first national address, where he also expressed that “there will be no new public sector hiring at this time.” “We […]

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Govt Negotiates Partnership for Grand Lucayan

27 July 2017

Prime Minister Dr. Hubert Minnis revealed that the government is involved in negotiations with the owners of the assets of the Grand Lucayan hotel and related assets for the joint ownership of those assets in partnership with a number of investors. “We have identified a number of integrated travel and hospitality companies that can bring […]

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