Progressive Liberal Party Deputy Leader Chester Cooper. (FILE PHOTO)
NASSAU, BAHAMAS Progressive Liberal Party (PLP) Deputy Leader Chester Cooper said on Friday that he is “alarmed” and “concerned” about the government’s decision to cut key projects on Family Islands due to economic challenges.
Prime Minister Dr Hubert Minnis advised last week that the government would cut funding for certain capital projects and seek to implement public-private partnership (PPP) programs to complete those projects, given the country’s current state of public finances.
Prime Minister Dr Hubert Minnis exits Exuma International Airport on Friday, November 27, 2020, during a series of Family Island visits.
The late Terence Bethel.
NASSAU, BAHAMAS Progressive Liberal Party (PLP) National Vice Chairman Terence Bethel passed away at his home yesterday, the party’s chairman, Fred Mitchell, confirmed in a statement.
“I regret to confirm the death and passing of our friend and brother PLP National Vice Chairman Terence Bethel,” Mitchell said.
“This is stunning, shattering and sad.
“He was a pillar of strength to the PLP. One day, I had hoped he would have the opportunity to serve in the front line. He was full of energy and ideas and loved to teach the young the ways of the country and the party.
NASSAU| Bahamas Press is also reporting this morning the passing of
Lady Rowena Finlayson aka Lady Ro, wife of businessman
Sir Garet âTigerâ Finlayson. She also passed away this morning.
To Sir Garet and all her children we offer our deep condolences.
Opposition Leader Philip Brave Davis issued a statement following word of her passing writing, “Her philanthropy has assisted many, including young people in pursuing higher education.
“She was a supporter of the progressive movement and a Pindling PLP. We thank her for her support of our party and her service to our country, especially in the field of business.
‘Increasing uncertainty’ around CIBC FirstCaribbean sale due to COVID-19
CEO: Regulatory approval process of deal has been complicated by pandemic Victor G. Dodig.
The COVID-19 pandemic has caused a delay in the sale of CIBC FirstCaribbean International Bank to Colombia’s GNB Financial Group Limited, CIBC President and Chief Executive Officer Victor G. Dodig has revealed.
In its fourth quarter and fiscal 2020 results, CIBC moved FirstCaribbean from “available for sale”, a move Dodig said was purely for accounting purposes.
Still, the CIBC executive said the deal faces challenges, noting that there is “increasing uncertainty” around the transaction.
“We have an engaged buyer with a genuine interest in the Caribbean banking sector and a proven track record in banking. Our business there, like any other well-run banking platform, is adjusting sensibly to the economic reality of the pandemic and it is good business. It’s going to recover as the economy recovers,