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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 […]

Development Bank Given Ultimatum

10 October 2017

The government has given The Bahamas Development Bank (BDB) three years to get its financial housing in order.   Within that time frame Minister of Finance Peter Turnquest said the government intends to pull the plug on the $3million dollars it gives in support to the BDB’s bond interests.   “We want to make sure […]

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FINANCE MINISTER “RAISES RED FLAGS”, SAYS COOPER

10 October 2017

Opposition Shadow Minister of Finance, I.Chester Cooper says the Minister of Finance, Peter Turnquest has “raised numerous red flags with his statements” on the budget deficit.   The MP for Exuma and Ragged Island in a scathing attack on Mr. Turnquest said, “having taken two months to respond to Her Majesty’s Loyal Opposition’s queries on […]

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Peter Nygard’s Generosity Knows No Bounds

06 October 2017

The Clifton Review   The Clifton Review is a tri-weekly column that examines the question of the Clifton project along with the evolution of the war between two billionaires, the links to unsavory characters, the use of the courts for personal agendas, the involvement of a political party, and the attacks on the Government of […]

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Commonwealth Bank Donates to Hurricane Relief

06 October 2017

As the southern islands of the Bahamas struggle to gain it’s footing in the wake of hurricane Irma, one organization said they are here to help. Commonwealth Bank gave a $25,000 donation to the Bahamas Red Cross yesterday to assist them in their aid to the southern islands. Vice President of Internal Audit and Credit […]

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BAHAMASAIR SET TO LOOSE $ 22MIL

06 October 2017

Tourism Minister Dionisio D’Aguilar said Bahamasair is projected to lose over $22 million this year. In his address to the House of Assembly on Wednesday, Mr. D’Aguilar said this loss is due to a $1.9 million increase in training cost for pilots to learn how to fly the five new ATRS which cost $120 million […]

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A Losing battle for Healthcare

06 October 2017

An increase of Bahamian nurses heading north (North America) for jobs continues to pose serious issues for the country’s healthcare system and it is only one piece of the issue, according to Health Minister Dr. Duane Sands.   Accepting the reality of this, Dr. Sands on Wednesday told Parliament that the number of registered nurses […]

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Opposition Leader Laments Tragedy In Cat Island

06 October 2017

Opposition Leader and Member of Parliament for Cat Island and Rum Cay, Philip Davis, said that the death of American resident, Janice Kesseinger, residing in North Cat Island is “a symptom of a deeply rooted scourge on The Bahamas”. Giving his condolences to Ms. Kessinger’s family, while speaking in the House of Assembly yesterday, Mr. […]

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GRAY SAYS THE FNM IS HYPOCRITICAL

06 October 2017

Former Minister of Agriculture and Marine resources, V. Alfred Gray has accused members of the Free National Movement (FNM) of speaking with a duplicitous tongue by allowing Transport and Local Government Minister Frankie Campbell to have possession of two passports. After the recent disclosure he made on Darold Miller Live Show earlier this year, Mr. […]

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Davis laments “loose lips” of MP

06 October 2017

Pointing fingers at Finance Minister Peter Turnquest in The House of Assembly yesterday was Opposition Leader Phillip Davis called out the government for hypocrisy, specifically noting Mr. Turnquest’s dismal outlook of the country’s economy during his Budget Communication.   Referring to Mr. Turnquest, The Opposition Leader said, “East Grand Bahama knows how buck toe feels. […]

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$175 million in education loans owed

06 October 2017

Seventy-five per cent of recipients of the government’s education loan programme that has been suspended for the past eight years, have failed to either keep up with payments or make any at all, according to the Chairman of the Education Loan Authority, Michael Foulkes. During his contribution in The House of Assembly yesterday, Mr. Foulkes […]

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