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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 […]

Eight-Year-Old Shot Dead

26 September 2017

An eight-year-old boy and a man were shot dead in the Chippingham area yesterday, according to police. Police said shortly after 5 p.m., they received a report that two males were shot in the Rosebud Road area, off Farrington Road. Responding officers arrived on the scene and met an adult who had been shot lying […]

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Roberts Defends PLP over PowerSecure

25 September 2017

Progressive Liberal Party Chairman Bradley Roberts said he feels in hindsight the former administration’s decision to hire PowerSecure to manage Bahamas Power and Light (BPL) was a good one.   His comments came last Friday, while he appeared as a guest on Love 97’s radio program “On Point.”   “We brought in PowerSecure because of […]

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Minister Accused of House Breach

25 September 2017

Progressive Liberal Party Chairman Bradley Roberts has taken Minister of Works Desmond Bannister to task for comments he made in the House of Assembly last week which indicated that former Minister of Education Jerome Fitzgerald was guilty of abuse of parliamentary privilege.   In a statement yesterday, Mr. Roberts called Bannister “hypocritical” and questioned why […]

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Dominica's PM Meets Dr. Minnis (2)

Govt Pledges Support to Dominican Students

25 September 2017

Primary and high school Dominican students are expected to attend schools throughout The Bahamas which is a part of the government’s pledge to assist the Caribbean country that was devastated by Hurricane Maria.   Prime Minister Dr. Hubert Minnis made the announcement of the government’s pledge to accept Dominican students yesterday, during the visit of […]

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BPL’s Board Backs CFO

25 September 2017

Amid calls for her termination, Bahamas Power and Light’s Board of Directors have reiterated its support for the company’s Chief Financial Officer Cecille Greene.   Whitney Heastie, BPL Audit Committee chairman, while appearing as a guest on a local talk show, said the CFO was not involved in any wrongdoing despite the theft taking place […]

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Police to Receive Overtime Pay This Week

25 September 2017

After almost four years, police officers who worked those 12 hour shifts will receive their overtime payment. In an interview with The Bahama Journal on Friday, Police Staff Association Chairman Sonny Miller said police officers have received confirmation that the payout would come sometime this week. “We’ve gotten confirmation however, what we’re following up on […]

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30 New Jobs for GB Youth

25 September 2017

Prime Minister Dr. Hubert Minnis is promising a much need economic boost in the Grand Bahama and 30 new jobs, as the island’s economy was dealt a significant blow after Hurricane Irma.   Dr. Minnis’ comments came during a visit to the island this past weekend.   The visit presented an opportunity to continue discussions […]

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UB to Benefit from UNESCO Management of Water Resources Meeting

25 September 2017

The 12th United Nations Educational, Scientific and Cultural Organization International Hydrological Programme (UNESCO-IHP) and Meeting of National Committees and Focal Points concluded Wednesday, September 20, with a commitment to form a UB-based Committee under the Ministry of Education.   The national committee at the University of the Bahamas (UB), upon formation, will undertake initiatives to […]

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Govt Working to Update Facilities that Aid Businesses

25 September 2017

Deputy Prime Minister and Minister of Finance Peter Turnquest said the government is undertaking several key initiatives to update the facilities that exist to aid small businesses and Bahamian business generally.   Speaking at the Eleuthera Business Outlook, September 21, 2017, DPM Turnquest said the government also needs to consolidate and improve access to these […]

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Henfield at UN

Bahamas Expresses Banking Fears at UN

25 September 2017

Notwithstanding The Bahamas’ best efforts at self-sufficiency, exogenous shocks, in the form of reduced correspondent banking relationships, continue to create challenges for the region, according to Minister of Foreign Affairs Darren Henfield.   Henfield’s comment came as he expressed the country’s fear of banking relationships during his address at the 72nd United Nations General Assembly […]

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