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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 […]

Govt to Pay $70 Million for Workers’ Insurance

09 June 2017

Minister of State for Public Service and National Insurance Brensil Rolle said $70 million will be paid to insurance companies to cover the policies of public officers that were not paid under the Christie administration. Mr. Rolle revealed this information during his contribution to the debate on the 2017/2018 Budget Communication in the House of […]

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Relief Promised for Bozine Town Residents

09 June 2017

The fact that hundreds of Bozine Town residents have been waiting for more than a decade for a resolution to a longstanding land dispute, Garden Hills Member of Parliament (MP) Brensil Rolle said this is “disturbing.” The newly elected MP, in his contribution to the budget debate in the Lower Chamber of Parliament yesterday, assured […]

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PM Stresses Performance and Professionalism During ZNS Visit

09 June 2017

Prime Minister Hubert Alexander Minnis Thursday told the management and staff of Bahamas Information Services (BIS) and the Broadcasting Corporation of The Bahamas that they will be held accountable for their performance, professionalism and punctuality or lack thereof. Dr. Minnis said his administration has “freed up” the Broadcasting Corporation of The Bahamas so that the […]

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PLP Govt Spent $10 Million on New Hires

09 June 2017

The former Progressive Liberal Party (PLP) government employed and abused existing policies in the Public Service Sector to the tune of some $10 million in the months leading up to the 2017 general elections, according to Minister State for Public Service and National Insurance Brensil Rolle. Mr. Rolle made the revelations during his contribution to […]

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BCCEC to Host Ease of Doing Business Conclave

09 June 2017

Potential solutions that are necessary for making it easy to do business in The Bahamas will be the aim of The Bahamas Chamber of Commerce and Employers’ Confederation’s (BCCEC) fourth annual National Conclave this month. Speaking with the media at a press conference yesterday to announce their plans for the event, Conclave Chairperson Christina Lee […]

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Bowe: ‘VAT Changes Complicates System’

09 June 2017

Chairman of the Bahamas Chamber of Commerce and Employers Confederation Gowon Bowe said that the recent presentation on the 2017/18 Budget Communication by Deputy Prime Minister and Minister of Finance Peter Turnquest with regards to eliminating value-added tax (VAT) on certain items will complicate the system. In a press conference held at the chamber’s office […]

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Acklins Resident Dies Hours after Stabbing Incident

06 June 2017

A man identified as David Hanna, a resident of Acklins, died on Sunday following a stabbing incident on the island. According to police, on Saturday around 8:30 p.m. two men became involved in an altercation in Mason’s Bay which led to one of the men, identified as Marvin Edgecombe, being hit with a bottle while […]

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Labour Minister Strives for Unity among Workers

06 June 2017

Minister of Labour Dion Foulkes said moving forward he expects a unified front when it comes to the rights of Bahamians workers. His comments came following last Friday’s Randol Fawkes Labour Day Parade where for first time in over two decades union umbrella groups were seen marching in solidarity. Having served as the minister of […]

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Holiday Drowning – – -American Man and Young Girl Drowned

06 June 2017

Two persons drowned this past weekend as Bahamians celebrated the Whit Monday and Labour Day holidays. Yesterday, Whit Monday, an American man died while snorkeling off Pearl Island. According to police, shortly after 11 a.m., the American man was snorkeling in waters near Pearl Island when he became unconscious. Police said the man was taken […]

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Man Sentenced for Firearm Possession

06 June 2017

A 22-year-old man was sentenced to five years at the Bahamas Department of Corrections on Thursday for what Chief Magistrate Joyann Ferguson-Pratt called “a matter that cannot be taken lightly” as he pleaded guilty to possession of a high-powered unlicensed riffle and possession of ammunition. Jachris Black of 11 Pepper Road, Eastwood Estates, pleaded guilty […]

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