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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 […]

Murder Suspect Captured – – -30 Arrested in Island-Wide Operation

12 June 2017

Police conducted a major overnight operation on Saturday throughout New Providence that led to the arrest of 31 suspects including murder suspect Ronald Nottage. The operation was a part of the force’s strategy to cut down on criminal activity by targeting problem locations and persons engaged in criminal activities such as, murder, armed robbery, rape, […]

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UB students finish 2nd in Caribbean Students Colloquium

12 June 2017

Bahamian students were among the rising stars at this year’s Caribbean Tourism Organization’s Students Colloquium in New York. A team of four University of The Bahamas (UB) students placed second in the annual competition with their plan to make The Bahamas a “smart” tourism destination. Keri Cartwright, Kendall Sands, Ianta Stubbs and Khadija Young received […]

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Govt to Launch Youth Entrepreneur Programme

12 June 2017

The Government of The Bahamas will launch a youth entrepreneur and youth development programme over the next five years that will “inspire and empower a new generation of Bahamian entrepreneurs.” The programme will assist young Bahamian entrepreneurs with capital and equipment, while equipping them with the necessary business management skills such as how to save […]

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Newbold: ‘No Witch Hunt on Disclosure Deadline’

12 June 2017

Press Secretary Anthony Newbold has refuted claims from detractors that the prime minister’s deadline for public disclosures is a witch hunt. Mr. Newbold’s comments came while he appeared as guest on the JCN-TV programme Jones and Company. “You have to lead by example as Prime Minister Minnis has said repeatedly and continues to say transparency […]

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Customs Warehouse Robbed

12 June 2017

A break-in at the Bahamas Customs warehouse near the Lynden Pindling International Airport (LPIA) leaves police conducting investigations. According to Senior Assistant Commissioner of Police Stephen Dean, the incident is alleged to have occurred between Saturday evening and 8a.m. yesterday morning. At the time of the report, the police had not been able to determine […]

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D’Aguilar Named New CTO Chairman

12 June 2017

Tourism and Aviation Minister Dionisio D’Aguilar was announced as the new chairman of the Caribbean Tourism Organization (CTO) during a press conference at CTO Caribbean week in New York City. The CTO is the Caribbean’s tourism development agency comprising membership of over 30 countries and territories including Dutch, English, French and Spanish, as well as […]

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Cooper Cautions Govt Over Possible 15% VAT Increase

12 June 2017

The government’s proposal to reduce value-added tax (VAT) could later result in a possible 15 percent increase, according to the opposition’s Shadow Minister of Financial Services Chester Cooper. During his contribution to the 2017/2018 Budget Communication debate last Thursday, Mr. Cooper admonished the Minnis led administration to use the current VAT system as an opportunity […]

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Chamber Anticipates Business Licence Fees Reduction

12 June 2017

The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) is taking exception to the government’s 2017/18 budget, which is set to see a reduction in business licence fees, calling it a move in the right direction. Speaking at a recent press conference, Chief Executive Officer of the Chamber Edison Sumner said they are looking forward […]

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Long Island Fire Highlights Challenges

12 June 2017

A serious brush fire over the weekend in Hamilton, Long Island brought to the attention the serious infrastructural needs on that island. Four firemen went to Long Island on Saturday and with the assistance of local volunteers managed to extinguish the blaze. In a statement, the island’s Member of Parliament Adrian Gibson said he was […]

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“No Plan for Debt Reduction,” Says Cooper

09 June 2017

Exuma and Ragged Island Member of Parliament (MP) I. Chester Cooper charged that the 2017/2018 Budget Communication presented by Deputy Prime Minister Peter Turnquest last Wednesday was the “wrong speech” and there is no plan to reduce the country’s debt. The Progressive Liberal Party (PLP) MP’s assertion was made yesterday while contributing to the budget […]

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