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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 […]

‘Persons with Legal Status Should Rebuild Abaco’

01 October 2019

Progressive Liberal Party (PLP) Deputy Leader Chester Cooper urged persons living in The Bahamas with legal status to move to Abaco to assist with rebuilding and recovery efforts. “It is the PLP’s policy that you should have legal status if you want to live and work in The Bahamas.  We do not see any reason […]

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Cooper Wants VAT-free Zones

01 October 2019

Progressive Liberal Party (PLP) Deputy Leader Chester Cooper said the government made a “tragic mistake” by only declaring East Grand Bahama as an economic recovery zone and urged the government to make Abaco and Grand Bahama VAT-free zones. According to Cooper, while he surveyed the government’s short-term economic plan for Grand Bahama and Abaco, there […]

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PwC Donates $375,000 for Hurricane Relief

30 September 2019

PriceWaterhouseCoopers (PwC) Caribbean firms and U.S. Charitable Foundation collectively donated $375,000 to help The Bahamas hurricane relief and recovery efforts. On Thursday at the company’s week-long conference, partners and staff from the British Virgin Islands, Cayman Islands, Turks and Caicos, Trinidad and Tobago and eastern Caribbean countries donated items such as diapers, clothing and baby […]

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$100 Million for Abaco Water and Light Restoration- Shantytown Cleanup Contracts Signed

30 September 2019

Minister of Works Desmond Bannister estimated that it will cost more than $110 million for the Water and Sewerage Corporation (WSC) and Bahamas Power and Light (BPL) to restore services throughout Abaco.  Bannister made the announcement at the contract signing for Abaco shantytown cleanup on Friday. He added that Cabinet has made provision funding for […]

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Marine Dies in Traffic Accident

30 September 2019

The Royal Bahamas Defence Force (RBDF) confirmed that 27-year-old Marine Seaman Arnold Amerthil died in a traffic accident on Sunday. According to police, shortly before 6 a.m., Amerthil , who was the driver of a Honda Saber, was driving south on Baillou Hill Road in the area of the Farmer’s Market, when he collided into […]

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100 New Police Recruits

27 September 2019

The Police Training College held its graduation ceremony and passing out parade on Thursday for the 100 recruits who successfully completed the 18 weeks course.   The program includes training in self defense, firearm, legal studies, traffic investigation, crime scene and physical skills. It was noted that the cohorts are a diverse group, as they […]

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Ferreira Uncertain Over Oban

27 September 2019

Minister of the Environment and Housing Romauld Ferreira is uncertain as to whether the government would proceed with Oban Energies multi-million dollar plan for East Grand Bahama. Following Hurricane Dorian’s devastation, many may wonder whether the government is still considering the Oban deal. The initial agreement called for a $5.5 billion oil refinery and storage […]

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Ferreira Defends ‘One Goat, Three Birds’ Statement

27 September 2019

Minister of the Environment and Housing Romauld Ferreira responded to the backlash he’s gotten in the wake of Tuesday’s comment outside Cabinet, where he said “one goat and three birds” were affected by Equinor’s oil spill in Grand Bahama.  Environmentalists argued that the minister did not take the matter seriously.  “I was in the process […]

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Homeowners Affected by Hurricane Warned to Wait Before Selling

27 September 2019

Bahamas Real Estate Association (BREA) President Christine Wallace-Whitefield said she was not able to see how Hurricane Dorian has affected the housing market, as the market needed time to settle and the recovery process had been done.  She advised homeowners to wait and observe the housing situation in Abaco and Grand Bahama.  “I just want […]

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GB Woman Stabbed to Death- Man Attempts Suicide

26 September 2019

Police are left to figure out what led to a Grand Bahama woman’s death and a man’s subsequent attempt to end his own life on Tuesday night. According to police reports, officers responded to an apartment complex in South Bahamia shortly before 9 p.m. where they met the lifeless body of the woman with multiple […]

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