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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 […]

BUT Negotiations Slow, But Steady

20 August 2019

Bahamas Union of Teachers (BUT) President Belinda Wilson yesterday said that negotiations with the union and the Ministry of Education are slow, but steadily progressing.  Mrs. Wilson said talks regarding the new industrial agreement for the BUT will continue next month after negotiations were put on hold for the summer break.  “I must say that […]

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PLP Blames PM for BPL Crisis 

20 August 2019

Progressive Liberal Party Chairman Senator Fred Mitchell said Bahamas Power and Light crisis is the result of the appointment of a new management team approved by Prime Minister Dr. Hubert Minnis, whose “bad decisions led to multiple fires at multiple power plants on multiple islands and a loss of significant power generation capacity”.   In a release yesterday, […]

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Men Charged for Stealing from Banks

20 August 2019

Twenty-five year old Andre Spence Jr. was arraigned in the Magistrate’s Court on Monday for allegedly stealing nearly $4,500 from Scotiabank and $40,000 Commonwealth Bank. According to police, Spence had claimed to have taken money from Scotiabank between June 19 – 21 and July 2 – 4 at Commonwealth Bank from Elizabeth Lim’s bank account. […]

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Load Shedding Crisis Concerns Schools

20 August 2019

Minister of Education Jeffrey Lloyd, concurring with Prime Minister Dr. Hubert Minnis, said the constant load shedding is a crisis and a deep concern, particularly for the ministry when school opens.  The question of whether schools will be ready for the new school year has been a long time focus, but now that it’s been […]

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VSEPs for BTC Employees Next Month

20 August 2019

Voluntary separation packages (VSEPs) for employees at Bahamas Telecommunications Company (BTC) are underway and according to CEO Garfield Sinclair, he hopes to have them finalized by the beginning of September, as the company is giving employees time to take advantage of it. Mr. Sinclair was tight lipped, however, on how many persons applied for the […]

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PM visiting UB (1)

95% of UB’s Freshmen Receive Free Tuition

20 August 2019

Prime Minister Dr. Hubert Minnis visited the University of The Bahamas yesterday to observe the progress of the government’s newly implemented Tertiary Grant Program, which assists 95 percent of UB’s new students by offering free tuition.  During his visit, Dr. Minnis was questioned about the government’s decision to drop the qualifying GPA from 4.0 to 2.0.  “Three-point […]

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$1 Million for Preschool Development – Crown Land for Preschools

19 August 2019

Prime Minister Dr. Hubert Minnis this past Friday announced that the government is providing $1 million through the Small Business Development Centre and the Bahamas Entrepreneurial Venture Fund for the development of preschools. He added that this funding will support equity and loans up to $150,000 to qualifying educational institutions that offer preschool education and […]

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‘The Brenton Story’ Honours Man Shot by Police

19 August 2019

It’s been 10 years since 18-year-old Brenton Smith was tragically shot by police. Now, his family is trying to heal from the wounds in an art collection called “The Brenton Story: Through Our Eyes”. The art collection displays an array of paintings at the Central Bank Art Gallery depicting his brief life and the impact […]

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Vendors Ready for Back to School

19 August 2019

With the reopening of school less than three weeks away, vendors are lined up at RM Bailey Park with loads of school supplies ready for sale.  The vendors have paid a fee of nearly $500 to set up shop selling uniforms, underwear, hair accessories and schoolbags. Despite being just a stone throw away from Kelly’s […]

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Load Shedding Challenges Airbnb Owners

19 August 2019

Former Bahamas Electricity Corporation (BEC) Chairman Leslie Miller said the current electricity problem in The Bahamas is costing Airbnb owners money this summer.  Last week, Mr. Miller shared his concerns during Love 97’s Issues of the Day talk show, where he explained that a number of Airbnb owners have had to reimburse their guests because […]

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