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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 […]

Unemployment Drops

12 August 2019

The unemployment rate took a dive as more people are counted among the workforce, according to the Department of Statistics this past Friday.  Preliminary figures indicated that 4,330 persons were working at the time the most recent labour force survey was conducted in May 2018. Senior Statistician Cynpreanna Winters said, “Two of the three most […]

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BPL Disaster- Company Offers No Guarantees

12 August 2019

As load shedding continues to intensify and Bahamians are finding it unbearable, Bahamas Power and Light CEO Whitney Heastie said the power plant cannot guarantee that load shedding will stop, as there are generators that are failing.  “The challenge we have is with an ageing fleet. Last night, we had four additional units that would […]

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Davis – ‘BPL A Failed Company’ – Calls for Compensation

12 August 2019

Progressive Liberal Party (PLP) Leader Philip Davis wasted no time responding to Bahamas Power and Light’s (BPL) press conference as he believes the corporation failed Bahamians and they should be compensated for enduring the miserable load shedding crisis. “I think at the moment, we are facing a catastrophe where BPL is a failed corporation.  We […]

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‘High Load Shedding Levels Unexpected’

12 August 2019

Bahamas Power and Light (BPL) CEO Whitney Heastie admitted yesterday that while the company can improve its communication regarding load shedding, there are far more issues at hand as the company didn’t expect such high levels of load shedding this summer.   “It must be noted that the board appointed in 2017 and this current board […]

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Nygard’s Golden Jubilee Review – ‘Meanness, A Product Of Insecurity’

09 August 2019

Nygard’s Golden Jubilee Review It’s not an everyday occurrence to discover an individual who has pulled himself up by his bootstraps to achieve phenomenal success with a business that’s still breaking barriers, still achieving firsts, and still innovating fifty years later. What does it take? How did he achieve it all? And how can we […]

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Amnesty International Issues Travel Advisory

09 August 2019

Amnesty International yesterday followed suit with a number of countries by issuing a travel advisory calling for possible visitors to the United States to exercise extreme caution due to rampant gun violence. The London-based human rights organization reasoned that gun violence has become so prevalent in the U.S. and that amounts to a human rights […]

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Solar Battery Storage for Ragged Island

09 August 2019

Bahamas Power and Light (BPL) yesterday announced that the corporation is set to implement its first solar and battery storage solution within a matter of days on Ragged Island.  In statement, the corporation said following a vigorous and detailed request for proposals (RFP) process, a company has been selected on BPL’s recommendation, and a site […]

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Investor’s Threat Disappoints DNA

09 August 2019

Democratic National Alliance (DNA) Leader Arinthia Komolafe expressed disappointment after foreign investor and Compass Point owner Leigh Rodney threatened the government, while using the employment of Bahamian workers as a bargaining tool.  Compass Point Resort’s business license was recently renewed following the public back and forth between the parties involved. However, Mrs. Komolafe said Bahamians […]

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Three Survive Crash Landing

09 August 2019

Three passengers survived the crash landing of an aircraft off Cat Cay on Thursday.  They were found alive by a Good Samaritan fishing vessel in the Atlantic Ocean. According to police, the small plane departed from Grand Cay with three passengers heading to Florida. It was around 8 a.m. when the plane crashed 20 miles […]

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Receiving Land Deeds in Inagua

PM Issues Land Deeds to Inagua Residents

09 August 2019

Prime Minister the Most Hon. Dr. Hubert Minnis officially handed over land deeds to the first group of residents of Great Inagua during a town hall meeting on Wednesday. The hand over to the eight residents is a demonstration of the progress being made in the Minnis administration’s land reform initiative, which is focused on […]

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