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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 […]

FNM Attacks PLP’s 10-Year Plan

24 July 2019

The Free National Movement (FNM) attacked the Progressive Liberal Party’s (PLP) 10-year plan describing it as “incompetent”. In a statement issued on Tuesday, the FNM criticized the plan pointing out that it begins with massively increasing spending on party infrastructure, including new headquarters in every constituency. “It appears new leadership could be a very real […]

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$300 Million Investment for Ocean Cay

24 July 2019

The final stages of preparing Ocean Cay for MSC Cruises is underway and over $300 million has been invested in the undertakings so far. MSC Cruises is the number one operator in Freeport for transshipment (Mediterranean Shipping Company) since 1997. The company has also been a part of the cruise division since 2004 and European […]

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MSC Cruises to Transform Ocean Cay

24 July 2019

A former sand-mining and aragonite site, Ocean Cay, abandoned in 2015 was acquired by MSC Cruises, which are now working to conserve the natural elements of the property while turning it into a marine reserve.  MSC Cruise began the project in 2015 and took on the challenge to transform the industrial wasteland into a marine […]

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Rudy King Charged Again

23 July 2019

Notorious businessman Rudolph King, also known as ‘Rudy King’, who was previously indicted on fraud charges, was back in court yesterday and charged with five counts of fraud by false pretense and five counts of money laundering.  It is alleged that between June 13, 2012 and March 5, 2015, King obtained cash in the amount […]

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Man Charged for Fatal Crash

23 July 2019

Shaquille Bethel Hamilton, 26, appeared in the Magistrate’s Court on Monday where he was charged with four traffic offences including a recent fatality.  Hamilton, a resident of Yellow Elder, is accused of killing by reckless driving which resulted in the death of a female passenger. According to police, the incident took place on June 14 […]

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Gov’t to Crackdown on ‘Midnight Cowboys’

23 July 2019

The Gaming Amendment Bill was passed in the Upper Chamber on Monday and according to Attorney General Senator Carl Bethel, the goal of the Gaming Board is to crackdown on illegal gaming operators, who he called ‘midnight cowboys’. “There are some midnight cowboys out there who offer number placement using their telephones and placing these […]

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Customs Investigation Team Seizes Goods

23 July 2019

The Customs Investigation team assigned to the Ministry of Finance’s Revenue Enhancement Unit conducted an operation in the Coral Harbour area of New Providence on Sunday, which resulted in the seizure of goods pending review and determination of action. According to Minister of Finance Peter Turnquest, the matter has been referred for further investigation to […]

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Early Student Introduction to Technology Raises Concerns

23 July 2019

The Catholic Board of Education is certainly onboard with the Ministry of Education’s concept of digitizing and improving technology in the classrooms, according to Claudette Rolle, Catholic Board director, who added that introducing children to technology too early is a concern.  Considering that all Catholic schools across The Bahamas are outfitted with WI-FI, capable and […]

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Break-in at The Dundas

23 July 2019

The Dundas Centre for the Performing Arts was the target of an early morning break-in on Monday.  At 7 a.m. Gina Roberts, Dundas summer camp operator, noticed the centre’s backdoors hanging from the hinges and considerable damages in the interior.  According to Anthony Roberts, one of the centre’s executives, the Dundas has never experienced destruction […]

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PM Reveals E-Cabinet Efficiency Goals

23 July 2019

The government will embark on an e-Cabinet programme aimed at increasing the efficiency in the public service, Prime Minister the Most Hon. Dr. Hubert Minnis has announced. He was addressing the Caribbean Public Services Associations 49th Annual Conference held Sunday, July 21, 2019 at SuperClubs Breezes on Cable Beach. In welcoming Caribbean delegates to the […]

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