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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 […]

Police Probe Armed Robberies

06 August 2019

Police on the Island of New Providence are probing a slew of weekend armed robberies and are seeking assistance in identifying and locating other persons responsible.  Police said on Sunday, shortly before 3 p.m., an armed male entered a business establishment on John F. Kennedy Drive and robbed the cashier of an undetermined amount of […]

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Three in Custody for GB Break-in

06 August 2019

Three men were arrested in Grand Bahama on Sunday, after they were caught in the act of shop-breaking and stealing, according to police on that island. Police said the alleged thieves broke into a business establishment on Settlers Way, shortly after 3 a.m. on Sunday.  Officers were alerted to the break-in when an alarm was […]

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Gov’t Offers Condolences after U.S. Mass Shootings

06 August 2019

The Bahamian government expressed condolences following the mass shootings that took place in the United States this past weekend. “The government and people of the Commonwealth of The Bahamas are deeply saddened to learn of two mass shootings that occurred in the states of Texas and Ohio, over the weekend,” a statement issued by the […]

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Frustrated Consumers

06 August 2019

Over the Emancipation holiday weekend, thousands of Bahamas Power and Light (BPL) consumers were left frustrated as load shedding intensified causing electricity to go off intermittently in several areas throughout New Providence. Some Bahamians, who were annoyed by the vexing load shedding issue, complained that they were not properly notified prior to the power outages. […]

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Poaching Pinches Seafood Vendors

06 August 2019

Small seafood vendors have been experiencing a decrease in quantity and quality of fishes due to poaching.  It’s having a domino effect on restaurant owner Richard Rahming of Junkanoo Bar and Grill on Junkanoo Beach. “Naturally, it increases my cost and in the long run, it passes on o the customer,” Mr. Rahming said. “If […]

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PM Addresses Queen's New Year Honours 2019 Investiture

Seven Receive Queen’s Honours

02 August 2019

Seven Bahamians were recognized for their dedication and commitment to national service during the 2019 Queen’s New Year Honours Investiture at Government House on Thursday. “Service to one’s country is among the highest attributes of a committed and engaged citizen,” Prime Minister Dr. Hubert Minnis said during his remarks.  The outstanding citizens received awards from […]

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One Step Closer to Gov’t Bonds Electronic Trading

02 August 2019

The Ministry of Finance announced yesterday that Bahamas Government Registered Stocks (BGRS) have been approved for listing on the Bahamas International Securities Exchange (BISX or the Exchange).  This major step forward paves the way for Bahamians to be able to buy and sell government bonds on the local securities exchange and track the value of […]

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Gambling Addiction Causes More Concern

02 August 2019

As gambling regulations are in talks, the issue of gambling addiction is silent, according to mental health professionals. Earlier this year, Minister of Health Dr. Duane Sands said gambling has become a significant public health issue in the Bahamas and announced that the government is working to combat the gaming addiction. Psychiatrist Dr. Kirkland Christie […]

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Gov’t Plans for Conch Preservation

02 August 2019

Despite researchers concluding that the Queen Conch could soon become non-existent – within the next 10 years – the Department of Marine Resources said there is nothing on the table to implement a conch season.  However, Minister of Agriculture and Marine Resources Michael Pintard outlined steps that the ministry is taking to preserve the Queen […]

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Mixed Views on No Confidence Motion

02 August 2019

Some Bahamians want the opposition to move forward with its motion of no confidence in Prime Minister Dr. Hubert Minnis, but others dismissed the effort calling it a waste of time and an abuse of process.  Bahamians expressed their mixed views over the matter yesterday as callers on Love 97’s radio talk show Issues of […]

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