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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 […]

Ardastra Gardens Closes Temporarily

24 March 2020

Ardastra Gardens is closing its doors and it is unsure when it will reopen. In a press release, the conservation center said it has experienced “catastrophic revenue loss” due to the emergency order affecting its operation. Ardastra Gardens Director Katherine Solomon said in “these financially and emotionally trying times, Ardastra is doing everything within its […]

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Police Implement COVID-19 Hotline

23 March 2020

Following the issuance of the emergency order by Prime Minister Dr. Hubert Minnis on Thursday, which imposes an 11 day curfew, the Royal Bahamas Police Force has implemented an information hotline for official correspondence purposes. Police officials advised that all businesses, corporations and companies requiring permission to commute the streets of The Bahamas must contact […]

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CIBC Helps Clients Affected by COVID-19

23 March 2020

Like other banks, CIBC First Caribbean Bank is offering financial assistance to its clients affected by COVID-19. In a press statement released by the commercial bank, the special assistance includes deferred payments, special loan financing and other concessions aimed at assisting clients on households and businesses. Chief Executive Officer Colette Delaney urged clients who may […]

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Mitchell Calls Curfew an ‘Abuse of Power’

23 March 2020

Progressive Liberal Party (PLP) Chairman and Senator Fred Mitchell criticized the emergency order declared on Thursday by Prime Minister Dr. Hubert Minnis to help combat the COVID-19 virus. Dr. Minnis imposed a curfew which began on Friday. But Mitchell said this calls into question an abuse of power by the prime minister. He added that […]

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Officers Enforce Curfew (1)

Officers Enforce Curfew

23 March 2020

Hundreds of police and defence force officers dispersed throughout the streets of New Providence on Friday evening where they strictly enforced the mandatory curfew ordered by the prime minister. Shortly before the curfew began, Minister of National Security Marvin Dames told reporters that he wants Bahamians to understand the seriousness of the COVID-19 crisis.  Prime […]

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Ministry of Health COVID-19 Update by Minister of Health Dr. Duane Sands - March 22 2020

117 Tested for COVID-19

23 March 2020

Possible Surge of New Cases Worries Health Officials Chief Medical Officer Dr. Pearl McMillian said 117 persons have been tested in The Bahamas for COVID-19. However, only four tests came back positive for the coronavirus. The testing for COVID-19 is conducted at the internationally accredited laboratory of the Ministry of Health’s National Reference Laboratory, which […]

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DRA Goes into ‘Action 1’ Phase over Virus

20 March 2020

The Disaster Reconstruction Authority (DRA) has now activated “Action 1” in its crisis plan in response to the spread of COVID-19. The DRA has suspended all face-to-face services until further notice and the general public will not be allowed to visit the Small Home Repair Assistance Program offices in Abaco, Grand Bahama or New Providence. […]

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Churches Suspend Services

20 March 2020

Church leaders and pastors have agreed to suspend their services for a brief time, according to Prime Minister Dr. Hubert Minnis. The decision was made during a meeting with Dr. Minnis and church leaders earlier this week. They came to an agreement that all church services, bible studies and meetings will be suspended for two […]

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Difficult Days Ahead for Tourism

20 March 2020

Minister of Tourism Dionisio D’Aguilar said the tourism industry faces a tough road ahead as countries around the world shut their borders as COVID-19 continues to spread. D’Aguilar admitted that his contribution, in the House of Assembly on Wednesday, was the most painful speech that he has had to give and that’s after recently celebrating […]

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DPM Predicts $1 Billion Loss From COVID-19

20 March 2020

Deputy Prime Minister and Minister of Finance Peter Turnquest predicted a total economic loss of $1 billion due to the impact of COVID-19 over the next four month period. Turnquest said his ministry has made that prediction, but said it does not mean that the projections produced are precise and all-encompassing. The finance minister said […]

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