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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 […]

Bahamas Hosts CICAD’s Narcotrafficking Meeting

12 September 2019

Representatives from countries around the world are in New Providence for the two-day Meeting of the Group of Experts on Maritime Narcotrafficking, a meeting conducted by the Inter-American Drug Abuse Control Commission (CICAD). For the past four decades CICAD has assisted member states in addressing drug use and abuse in the region. During the opening […]

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Ingraham: ‘Death Toll in the Hundreds’ – Former PM Clarifies Mandatory Evacuation

12 September 2019

In Abaco alone, former Prime Minister Hubert Ingraham said the death toll from Hurricane Dorian is in the hundreds, although the government announced that the death toll stands at 50. Mr. Ingraham revealed the high death toll yesterday during a press conference following his trip to Abaco to assess the damages left by the hurricane. […]

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Ex-Prime Ministers Offer Help

12 September 2019

Former Prime Ministers Hubert Ingraham and Perry Christie are standing in solidarity, stressing that the task of restoring Abaco after the devastation left behind by Hurricane Dorian is too great for one man or one government. In fact, former Prime Minister Christie said he told Prime Minister Dr. Hubert Minnis that he would be overwhelmed […]

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PM Appoints Hurricane Relief Team

12 September 2019

The drastic devastation left by Hurricane Dorian has forced Prime Minister Dr. Hubert to appoint individuals to spearhead relief efforts. During his televised national address yesterday evening, Dr. Minnis announced that Permanent Secretary Jack Thompson and Bahamas Aquatics Federation President Algernon Cargill have been appointed as hurricane relief coordinators for Abaco. In addition, the prime […]

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Easier Access to Unemployment Benefits for Hurricane Victims

11 September 2019

Department of Labour officials are expected to compile a list of evacuees in hopes of making it easier for hurricane victims to access their unemployment benefits. “All persons who qualified who are in Nassau, either living in the shelters or with friends and family, we’re putting a procedure in place beginning today where they can […]

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School Reassignment for Displaced Teachers

11 September 2019

Displaced students, teachers, janitors, school administrators and other employees who have been evacuated will be placed in schools in New Providence by the Ministry of Education. National Emergency Management Agency (NEMA) Spokesperson Carl Smith said at a press conference yesterday that registration will take place on Thursday at the national stadium and transportation will be […]

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Equinor Oil Spill Clean-Up

11 September 2019

A clean-up crew from the petroleum and wind energy company Equinor arrived in Grand Bahama on Tuesday to manage the oil spill at their storage facility in Grand Bahama.  National Emergency Management Agency (NEMA) spokesperson Carl Smith said at the agency’s daily press conference yesterday that the Ministry of Environmental Health went to the facility […]

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Devastation Abaco

$11 Million Hurricane Insurance Claim

11 September 2019

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will payout nearly $11 million to The Bahamas in the aftermath of Hurricane Dorian’s widespread destruction and devastation in Abaco and Grand Bahama. According to Deputy Prime Minister and Minister of Finance Peter Turnquest, that figure does not include rainfall insurance. As CCRIF explained on its website, the […]

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PLP Calls for Early Recall of Parliament

11 September 2019

Progressive Liberal Party (PLP) Leader Philip Davis expressed dissatisfaction in the way the government has handled the aftermath of Hurricane Dorian and called on the government to recall parliament before the October 2 return date. During a special press briefing at the Lynden Pindling Center, the party’s headquarters yesterday, the PLP leader said, “The opposition […]

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Dorian Damage

Insurers Could Payout $500 Million in Claims


11 September 2019

Five hundred million dollars is what local insurance companies expect to churn out in the aftermath of Hurricane Dorian and that’s a conservative figure, according to Bahamas Insurance Association (BIA). That figure, according to Timothy Ingraham, of Summit Insurance, is just going off of what was paid out after Hurricane Matthew in 2016. During a […]

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