Dear Scotiabank, we apologize for Mr. Gibson's remarks. He can't help himself. We thought that he had learned from the Anna Nicole Smith debacle a few years ago, but it his latest remarks indicate otherwise.

Please forgive him as he is clearly incapable of understanding how business works. It should be noted that he has been silent over the proposed 150 layoffs at BTC. It is probably to complex for him.

You see he came to power on the promise of job creation but does not understand that you need to create a positive economic environment to create jobs. He ought to be granting more work permits in areas where The Bahamas can expand its economy. Then people would have money to pay their debts and you would not have to lay people off.

Lol lol lol! That's all Im trying to say! This man and is government is the epitome of stupidity. A condensed consortium of archaic idiots and fools.

Well said.<img src="http://s04.flagcounter.com/mini/kfoW/bg…" style="display:none"><img src="http://s05.flagcounter.com/mini/WUu/bg_…" style="display:none">

haha...excellent....simple economics...thus too complex for politicians and pundits here in BahamaLand.....

Ha Ha Hahhh!!! This is all too comical. So as the PLP continues to be unable to deliver on any of their campaign promises.... and as their government continues to be an abysmal failure..... Shane Gibson is attempting to once again pass the blame; this time to the Scotia Bank administrators. He's actually trying to assign responsibility to the Scotia Bank owners by suggesting that they are to blame because their profit margins are their only concern.

Correct me if I am wrong...... but isn't the purpose of owning and operating a bank designed to increase profit margins??? Isn't that the purpose of operating any business??? Is Shane Gibson really stupid enough to believe that Scotia Bank is in the habit of conducting charity work??? Of coarse not!! Once again he's rely on the stupidity and ingnorance of Bahamians as he attempts to shift blame away from his failed government, and place responsibility on the bank itself.
Even more superlative, he's informing Bahamians that its about to get even worst as these massive layoffs have become contagious and will undoubtedly effect the most established of businesses. In other words... more layoff are imminent!

But like I said before......... Bahamians are getting exactly what they deserve!! These same people being laid off are the same ones who voted for Perry and the PLP. Wave ya PLP flags and pom-poms nah Bahamians!!! Hold ya PLP motorcade nah!! Lol lol lol.
Yinna Bahamians too damn stupid!

Cobalt, you are wrong. The sole purpose of a bank in the Bahamas is to pay fat salaries to Bahamians, lose the shareholders money and give loans to political cronies. what bugs the current government is that they have no influence on the Canadian banks. I wonder who other than these banks would be able to maintain the cash and cashless economy in the Bahamas if it was not for them. Count the number of ATM's that are NOT provided by Canadian banks. Keep sawing on the branch you are siting on Mr. Gibson.

Exactly!

Dear Scotiabank, Mr. Gibson's comments are meaningless, purely for a gullible electorate and you have nothing to fear. They are indicative of this promise a lot ( we believe in bahamians), do nothing for them party, epitomized by our do nothing prime minister. He dithers while the Bahamas burns, he should be called perry "NERO" Christie. But of course you already knew that, your were happy to earn $100 million plus in net income during the good years, billions over the lifetime of your existence in the Bahamas which have been repatriated drawing down on our precious foreign currency reserves, while reserving top positions for expatriates on work permit, while offering not a single share of Scotiabank to a Bahamian. And you tell us it is just business and nothing personal.

What should be done is that the tax on repatriated bank profits should be increased drastically and immediately. This will reduce the drain on our foreign currency reserves which are already desperately thin, and it will give an advantage to Bahamian banks. As you shrink our Bahamian banks and credit unions will grow. A good example is commonwealth bank that has over 500 employees with not a single work permit! It is 100% Bahamian. Every share of commonwealth bank is owned by a Bahamian and Bahamians can freely purchase shares on Bisx whenever they like. Not a single dollar of commonwealth bank's usual annual net income of 50 million is repatriated to a head office draining foreign reserves. Please do not take it personal, it is only business, but it is time we truly put bahamians first, and support and invest in those that support and invest in us.

Don Anthony, if we had introduced a 20% corporate income tax the banks would quite happily pay it as it would be deducted from the income tax in their own country.

All we have to do is introduce a corporate income tax. We could have a high threshold of say 5 million net profit before it kicks in so it would not hurt the small businesses.

But Perry and his clan say we are a "tax haven" so we loose out.

Shane Gibson "castigated the Canadian bank for only focusing on financial gain rather than how the lives of Bahamians will be affected."

Because there are enough Bahamians (in power right now) doing that! Shame on you Canadian bank for coming to the Bahamas and acting exactly like us!

Rumour has it that Scotiabank is going to ultimately pull out of Long Island ................. if that is true that will be an absolute betrayal of the loyal customer base. Now that the government has not seen fit to assist with the economic stimulus of the islnd AND facilitating webshop gambling/banking . has finally undermined a legal banking entity like Scotiabank ............... SMDH

How does this ass pirate continue to get elected and stay relative?
Sure makes other companies from outside the country want to come and set up shop doesn't it?
Holy Father help us!
Come to the Bahamas so we can bribe you and line our pockets while the people who put us in power continue to struggle.
oops.
SMT

you mean relevant, not relative.
this could be said of any number of politicians.

You are correct. Apparently my grammar skills are those of our politicians.

Don't sell yourself short. Your grammar skills are of exponential quality when compared to that of government personnel.

Your post contained one simple typographical error. The PLP, on the other hand, are habitual practicing idiots.

Shane Gibson's comments are an embarrassment to Bahamians. He surely is a fool.

**... Despite Perry Cristie's talk about turning the corner. Facts speak a different tune ...**

Bahamas economy obviously continues to contract in a steady downward spiral, only invisible to the Prime Minister who contends he is happy with where we are and where were headed.

PGC government has turned down numerous well funded lucrative investment opportunities that I am personally well aware of because the proposers had the wrong names or were not in the right click.

Successive governments are guilty of retarding growth and development for purely selfish reasons.

Cristie's Junkanoo Carnival is also destined for complete failure because government and the so called committee simply refuses to listen to real people on the ground.

I am patiently waiting with beer and popcorn in hand watching these greedy, selfish, jackass's set themselves up to fall flat on their face's!

Jackass does as jackass is without fail.

"Favour"??? Tell these preachers to start preaching life skills and stop telling people that they'll somehow be the only people not affected by hard times because they're "God's people". Joseph knew the famine was coming and he had the people SAVING. He didn't just tell them they'd "be ok", he had them working to make sure they'd be ok.

These politicians really let their little titles go to their heads, the last time a politician talked high and mighty about work permits the bank on bay pulled out.they will call your bluff.

Scotiabank is a business and as such operates to make a profit, unlike our Government run entities which appear to simply be used to employ political favorites however incompetent at the expense of the tax paying public. Nonetheless, Scotiabank has been a major corporate sponsor throughout The Bahamas and to my personal amazement operates with only 3 ex-pats on Work Permits. Yes, 3, now think of all the Bahamians employed today and over the years, together with benefits enjoyed. If anything, Scotiabank should be heralded as a model for our international commercial banking community, certainly not chastised, as believe me, they have options they can implement if they are made to feel unwelcome, which of course will only lead to more lay-offs, so think carefully before you criticize.

You are asking our politicians to think? LOL! These guys were bred to steal, rape and destroy!

Scotia is only doing what it has already done in the rest of the Caribbean. It wouldn't be a surprise to me if sometime in the near future they pull out of the region all together.

My sentiments exactly!!!!!!!! They have made their chunk of change over the last 100 years.

Remember that banks and other businesses will do what it takes for THEM to make a profit and stay in business. They can't run a business on emotions.