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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 […]

Four Men Arrested for Marijuana

02 October 2019

Police recovered a large quantity of marijuana from the streets of New Providence on Tuesday.  According to police, shortly before 3 a.m., officers of the South Central Division, acting on intelligence, executed a search warrant on a home at Chou Close, off McKinney Drive and recovered seven sacks of suspected marijuana.  Four men who were […]

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Older Persons Bill Being Drafted

02 October 2019

New legislation is expected to be drafted to ensure that older persons receive equality. The Ministry of Social Services and Urban Development have taken its first steps to drafting the Older Persons Bill, which according to Governor General CA Smith, will codify rights long denied to older persons, thereby bringing The Bahamas in line with […]

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Two More Bodies Found in Abaco – Death Toll Now 60

02 October 2019

Police in Abaco recovered the bodies of an adult male and female from the island’s hurricane affected area on Tuesday. Police said the recovery of the two bodies brings the death toll to 60. However, police ensured that search and recovery efforts continue. This week, the National Emergency Management Agency (NEMA) reported that 876 people, […]

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GB Schools to Open This Month

02 October 2019

Minister of Education Jeffrey Lloyd announced on Tuesday that schools in Grand Bahama will be opened before the end of October.  He told The Bahama Journal that classes should up be and running within a few weeks. “We are now on the ground doing our final scopes. We understand from the technical team and engineers […]

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Bahamasair

Bahamasair Suffers Million Dollar Loss from Evacuations

02 October 2019

Minister of Tourism and Aviation Dionisio D’Aguilar revealed yesterday that Bahamasair probably suffered a loss of millions of dollars by offering free evacuations to residents of Abaco and Grand Bahama following Hurricane Dorian. “It hasn’t been quantified into a number, but I’m sure for as many days they did it and the number of flights […]

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UNDP to Contribute $1 Million for Hurricane Recovery

01 October 2019

Prime Minister Dr. Hubert Minnis welcomed an announcement by the United Nations Development Programme (UNDP) that it will contribute $1 million for Hurricane Dorian recovery efforts in The Bahamas. During his address to the United Nations General Assembly last Friday 27, Prime Minister Minnis encouraged the UNDP to expand its network, which is already working […]

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‘No One Owns Pigeon Peas’

01 October 2019

Persons who squatted on land in the Pigeon Peas shantytown may have a hard time fighting the government’s building ban to sell and do business in the area. According to Coldwell Banker Lightbourn Realty President and former South Abaco Member of Parliament Mike Lightbourn no one owns Pigeon Peas. “Pigeon Peas is on a parcel of […]

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DPM Urges GB Business Owners to Return Home

01 October 2019

Deputy Prime Minister and Minister of Finance Peter Turnquest stressed the need for Grand Bahama and Abaco business owners to return home if the hurricane bruised economies are to fully rebound. Following Hurricane Dorian, Grand Bahama and Abaco business owners have created serious concern for the government, as some of them are not willing to […]

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PM and IDB President

Gov’t Accesses $100 Million IDB Loan

01 October 2019

The government has accessed the Inter-American Development Bank’s (IDB) $100 million contingent loan for natural disasters and according to Minister of Finance Peter Turnquest, it will be used to restore public utilities and to provide shelter.  “We’re also using some of that money to provide temporary shelter for residents as we try to encourage them […]

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BPL Connects Four Engines

01 October 2019

Bahamas Power and Light (BPL) has connected four of the seven engines at its Clifton Pier plant.  BPL Executive Director Patrick Rollins said on Monday that BPL is in the process of connecting the other three. The engines need to be tested, which is scheduled for mid-October.  He added that the engines can run independently […]

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