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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 […]

DQ Raises Funds for BSCA

29 July 2019

Dairy Queen (DQ) hosted its first Family Fun Day at the Mall at Marathon on Thursday to raise money for the Bahamas Sickle Cell Association (BSCA). The Family Fun Day had bouncing castles, face painting, games and musical performances.  According to DQ, $2 from every blizzard treat was donated to BSCA. The illness hits home […]

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Mitchell’s Landslide Victory

29 July 2019

Progressive Liberal Party Senator Fred Mitchell emerged victorious and held on to the party’s chairman position following the highly anticipated election against former Minister of Tourism Obie Wilchcombe. After some last minute campaigning, hours of voting and counting during the PLP’s National General Convention on Friday, Mitchell beat Wilchcombe – his only contender – by […]

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Opposition Wants No Confidence Motion Against PM

29 July 2019

At the next sitting of the House of Assembly Opposition Leader Phillip Davis intends to move a vote of no confidence in Prime Minister Dr. Hubert Minnis. His comments came on day two of the Progressive Liberal Party’s convention at the Melia Nassau Beach Resort on Friday. “A prime minister with a conscience would resign.  […]

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Skybahamas CEO Calls for Aviation Reform

29 July 2019

Skybahamas CEO Randy Butler renewed his call for reform in the aviation industry.  According to Butler, in 1992 the Ingraham administration called for Bahamians to get involved in the aviation industry to service domestic routes while Bahamasair serviced international destinations. He noted that this has not happened, as it seems Bahamasair is putting smaller airlines […]

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Ballots Support Davis’ Choice for PLP Chairman

29 July 2019

During the second night of the Progressive Liberal Party’s National Convention, PLP Leader Philip Davis stressed that the PLP is a party with democratic values and the results of the chairman election show that delegates supported his choice for Senator Fred Mitchell to become chairman.   “In this party, if you got something to say, […]

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Bahamasair’s Domestic Routes Raise Concerns

29 July 2019

Minister of Tourism and Aviation Dionisio D’Aguilar said it’s up to Bahamians to decide if they want Bahamasair to continue servicing domestic routes or to focus more on international clients. He noted that the government picks up all the losses of the airline and noted that it’s no secret that the airline receives a subsidy […]

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PM Wants Credit Union Growth in Family Islands

29 July 2019

Prime Minister Dr. Hubert Minnis encouraged credit unions to expand and increase their services in Family Island communities where banking facilities are lacking. Dr. Minnis made this encouraging plea yesterday during the World Council of Credit Unions and Caribbean Confederation of Credit Unions Conference at the Atlantis Ballroom. He explained that the cooperative credit union […]

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Banks Urged to Collect on Delinquent Accounts

29 July 2019

The financial sector, particularly the banking industry, is being urged by the Central Bank of The Bahamas to take more aggressive steps to reduce the delinquency rate.  Central Bank Governor John Rolle explained in the bank’s latest quarterly report, that commercial banks must make its balance sheets stronger and faster before another recession happens.  “The […]

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Fake News – PM Asked to Apologize

29 July 2019

Prime Minister Dr. Hubert Minnis should fact-check himself first before advising the media about fake news, Progressive Liberal Party Leader Philip Davis said as he believes the prime minister owes the country an apology for making fake news and fake deals. “The prime minister should be very familiar with fake news. He ran a campaign […]

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Urban Renewal’s Successful Summer Camp

29 July 2019

Urban Renewal’s month long summer camp was a success and ended with a closing ceremony on Friday.  Campers, who attended the camp either in Bain and Grants Town, Centreville, Fort Charlotte, Englerston, Flamingo Gardens, Free Town, Nassau Village and Pinewood, gathered at the Loyola Hall to showcase the work they completed over several weeks.   According to […]

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