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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 […]

Social Services Challenged To Assist Jubilee Residents

14 March 2017

The Department of Social Services team joined arms with the National Emergency Management Agency Sunday in assisting residents of the Jubilee Gardens area.  Deputy Director of Social Services department, Lillian Quant Forbes said they are still trying to accommodate every household, as they have merely assisted in even 15 percent of families relocate temporarily.  “It’s […]

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Voter’s Card Pick-up Commences

14 March 2017

Several stations are now officially open and ready for person’s to pick up their 2017 General Election voter’s cards. Parliamentary Commissioner Sherlyn Hall says in order for the process to move as swiftly as possible additional staff has been added in this phase of the voter registration process. He further noted that person’s can also […]

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No Date For Baha Mar Reservations

14 March 2017

Despite April 21st being confirmed as the date for the soft opening of the stalled multi-billion dollar Baha Mar Resort, officials have yet to confirm when the resort will begin taking reservations. The Journal reached out to Robert Sands, Senior Vice President of Government and External Affairs to inquire about the activation of the reservation […]

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Munroe Ratified For Free Town

14 March 2017

After several weeks of contentious back and forth between Progressive Liberal Party supporters, the PLP officially ratified noted Queen’s Council Wayne Munroe as its candidate for the Free Town constituency. Making the announcement after several hours of suspense was a seemingly emotional Prime Minister Perry Christie at the party’s headquarters on Joe Farrington Rd. Monroe […]

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The Pointe Commences Phase 2

13 March 2017

The ground breaking for second phase of the $200 million project The Pointe took place on Saturday at the Bay Street property.   In attendance were several notable government ministers including Deputy Prime Minister Philip ‘Brave’ Davis and Attorney General Allyson Maynard-Gibson as well as v Xian Zheng, Vice-President of China State Construction and Engineering Corporation, […]

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Mitchell Says Deportations Normal But Not Favorable

13 March 2017

On the heels of an announcement that the Caribbean is said to be bracing for an increased number of criminal deportees from The United States (U.S) Minister of Foreign Affairs and Immigration Fred Mitchell says, this continues to be an issue. CARICOM he says has been well aware of this process for quite some time. […]

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Mitchell Says Citizenship Allegations False

13 March 2017

Accusations of granting thousands of citizenships to persons in order to win the next general election – according to Foreign Affairs and Immigration Minister Fred Mitchell – are false.   United Democratic Party (UDP) Leader John Pinder during the grand opening of his party headquarters in Fox Hill said the current government has granted 3,000 […]

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Chamber Chairman Says Economy Is Not Growing

13 March 2017

Chairman of the Chamber of Commerce Gowan Bowe said recently that the economy continues to experience stunted growth because the national revenue equals the national debt.  Recently, the Bahamas Quarterly Statistical Digest revealed the country’s national debt is at a whopping $7 billion as of late last year.  The report stated that the debt was […]

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Rosewood Delay Not A CCA Issue

13 March 2017

After much has been made of the Rosewood Hotel’s 2018 delayed opening President of Baha Mar and the Bahamian subsidiary of Chow Tai Fook Enterprises Graeme Davis said the issue is not necessarily the fault of China Construction America (CCA). Mr. Davis’ summarized the delay in what he called “schematic issues” as CTFE had no […]

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Baha Mar Appoints Casino Team

13 March 2017

The multibillion dollar Baha Mar Resort has announced the appointment of Alex W. Pariente and John Zaremba to direct the Executive Team at Baha Mar Casino. Mr. Pariente will serve as Executive Vice President of Casino Operations and Marketing and Mr Zaremba as the Vice President Casino Operations. The pair will oversee the 100,000-square-foot casino at Baha Mar, upon opening on April 21, 2017, the […]

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