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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 […]

Two Dead After Shooting In Grand Bahama

02 February 2017

Grand Bahama police are investigating the circumstances surrounding the death of two males yesterday. The particulars are that sometime around 1:00 a.m. yesterday police were called to the Logwood Road Area, where they discovered the body of two males with gunshot wounds. Emergency Medical Services (EMS) personnel were called to the scene shortly thereafter. Medical […]

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Sentence Upheld For Bostwick

02 February 2017

The Court of Appeal has affirmed a Magistrate’s Court conviction and sentence of attorney John Bostwick. Bostwick was convicted last year connection of ammunition found in his bag at the Grand Bahama International Airport and was fined $15,000. The incident, which occurred on May 17, 2014, forced Bostwick to resign as an Opposition senator. During […]

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Caribbean Marketplace Opens with Bahamian flair

02 February 2017

The much anticipated Caribbean travel marketplace opened with grand fanfare on Tuesday night at the Grand Ballroom at Atlantis Hotel and Resort.   Organized in partnership with The Bahamas Ministry of Tourism, Nassau and Paradise Island Promotion Board, Paradise Island Tourism Development Association and The Bahamas Hotel & Tourism Association, The Bahamas laid out the […]

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FOI Bill Debated

02 February 2017

Marathon Member of Parliament (MP) Jerome Fitzgerald yesterday touted the long awaited Freedom of Information (FOI) bill tabled in the Lower House of Parliament on Wednesday.   The Progressive Liberal Party administration has come under much criticism recently for the length of time it took for the legislation to be tabled.   The Bill for […]

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Debate Over VAT Intensifies

02 February 2017

  In a heated exchange in the House of Assembly yesterday, Marathon Member of Parliament (MP) Jerome Fitzgerald sought to defend the government on the controversy surrounding its expenditure of value added tax (VAT).   Mr. Fitzgerald sounded off by stating that it does not take a rocket scientist to see where the VAT money […]

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Boy Convicted Of Gun Possession

02 February 2017

A 12-year-old boy of A.F Adderley was yesterday convicted of possession of a 9mm pistol found on school premises Monday. The defendant pleaded not guilty to the charge, and Chief Magistrate Joan Ferguson-Pratt said she was deeply moved by the case having the involvement of a minor at such a tender age. The chief magistrate […]

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70% Of Bahamians Living In The Deficit

02 February 2017

The Chamber of Commerce Edison Sumner says Bahamians are still living in the deficit when it comes to savings.   “Statistically based on the Central Banks report we know that the savings accounts are very low in this country to almost non-existent a lot of people are living in the red where its literally living […]

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$2 Million Development To Provide Some 700 Jobs

02 February 2017

Legislators in the House of Assembly yesterday also heard about the 2015 deal the government struck with Strategic Property Holding Limited and New World One Bay Street Limited for the $2 million Pointe Resort. Mr. Rolle did so acceding to Opposition Leader Loretta Butler-Turner’s request for the development’s heads of agreement to be tabled. At […]

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PM & Fitzgerald Scoff at Minnis

31 January 2017

Prime Minister Christie and Minister of Education Jerome Fitzgerald scoffed at Opposition Leader Dr. Hubert Minnis’ claims that the Progressive Liberal Party (PLP) is grasping at straws after having welcomed nine former Free National Movement (FNM) members and supporters. “A party with the heritage of the PLP ought to attract a wiser comment from the […]

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New Academy for Behavior Challenged Students

31 January 2017

In the wake of violence in schools especially among young boys, Prime Minister Perry Christie noted that an academy for those with behavioral challenges is in the making as he wants better for the youth of the nation. His remarks came as he delivered the keynote address at an Honor’s Assembly held at Donald Davis […]

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