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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 […]

Damaged Cable Triggers Island-Wide Black Out

16 June 2017

Halted traffic and malfunctioning traffic lights described the streets of the New Providence yesterday afternoon as a result of an island-wide outage. Bahamas Power and Light Company (BPL) began restorations just before 3 p.m. The power company in a statement reported that initial observations indicated that a cable fault was responsible for the system failure. […]

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Robinson Accuses PLP of “Dropping the Ball in Tourism”

15 June 2017

Bain and Grants Town Member of Parliament (MP) Travis Robinson bashed the former Christie administration for “dropping the ball” in tourism, especially for its handling of Baha Mar. Alluding to the whole Baha Mar debacle, the 22-year-old MP charged that the former government, instead of successfully assisting in resolving the issue, looked out for its […]

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PM Committed to ‘Ease of Doing Business- – Bahamas Ranks 121 for Business

15 June 2017

The World Bank’s latest rating puts The Bahamas at 121 among 190 economies when it comes to the ease of doing business and according to Prime Minister Dr. Hubert Minnis that leaves The Bahamas with a lot of work to do to catchup. Nations like Jamaica ranked 67, Saint Lucia, 86, Trinidad and Tobago, 96 […]

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PM Stands Against Business Corruption

15 June 2017

Corruption has had a heavy hand in negatively impacting the ease of business and cost of doing business in The Bahamas by millions of dollars, according to Prime Minster Dr. Hubert Minnis. Prime Minister Minnis’ comments came during his keynote address at the Bahamas Chamber of Commerce and Employers’ Confederation’s (BCCEC) fourth annual National Conclave at […]

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Change in Business at Lands and Survey

15 June 2017

Prime Minister Dr. Hubert Minnis during his tour of the Department of Lands and Survey yesterday told the department that his government is not conducting business as usual anymore and not to expect instant results as his administration works to correct government agencies. Speaking to the employees at Lands and Survey, Dr. Minnis also told […]

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Delaware Man Charged With Rape

15 June 2017

Forty-six-year-old Steven Resnick of Delaware was charged with sexual assault of an American female tourist and was arraigned in the Magistrate’s Court on charges related. Appearing before Assistant Chief Magistrate Andrew Forbes, Resnick, who appeared perplexed, was read the charges that he stood before the court to answer to. It is alleged that on Sunday […]

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No Bahamians Involved in London Fire

15 June 2017

In the aftermath of a west London tower block fire, the Ministry of Foreign Affairs is assuring that all Bahamian staff posted in London are safe. Bahamian workers are posted at The Bahamas High Commission, The Bahamas Tourist Office and The Bahamas Maritime Authority in London. Up to last night, it was reported that 12 […]

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Terror Suspect with Bahamian Ties Granted Bond

14 June 2017

An accused neo-Nazi with Bahamian ties, facing federal explosives charges, was granted a request for bond after a judge said he was not a threat to the community. Brandon Russell, 22, allegedly stored bomb-making materials at his Florida apartment, where authorities said they also found white supremacist propaganda. Russell, a former St Andrew’s School International […]

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Smith Says, “Follow the Money”

14 June 2017

Attorney Fred Smith, QC, wants the public to demand how much money the Progressive Liberal Party (PLP) administration spent in the Supreme Court defending the appeal of the parliamentary privilege case surrounding former Marathon Member of Parliament Jerome Fitzgerald. In a statement yesterday, Smith said this is “unconstitutional rape of our privacy” and “taxpayers  should […]

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Sands says food duty list may need reevaluation

14 June 2017

The nutritional value as been put into question regarding several of those food items the MInnis led administration has decided to either reduce or eliminate the duty on and according to Health Minister Dr. Duane Sands that list may need to be reviewed a second time. The concern mounts as the country grapples with a […]

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