This is how and why the redundancies at BEC were paid for (voluntary seperation packages of over 200K). This is why the downsizing occured. Not to save public funds, but because BEC has been purchased by Shell. It all makes sense now.
bec (bpl) has just been sold to shell north america, a foreign company, without proper bidding or transparency. this is what the news headline should be. the deal was likely done way back. this is my opinion. you heard it here first! first btc was sold by the fnm in a hidden deal without proper bidding. now bec has been sold in a hidden deal without proper bidding.
FNM is a Haiti undercover party. This is no surprise. They're owned by Haiti and full of their spies. All the houses built illegally should be torn down. No exceptions!!!! No corn beef!!!! The end game if this activity was to: 1. Distract Bahamians from the sale of BEC to Shell; 2. Distract Bahamians from the purchase of a broke hotel with their VAT money; 3. End up legitimizing shanty towns and giving Haitians more rights than Bahamians!
I finally understand what is happening here: The Bahamas Government has basically privatized BEC with this deal. This story is getting far too little Press for its huge ramifications. BEC has been sold just like BTC!!! However, the sale is very clandestine and secret. A foreign company will be producing and own the power in New Providence!!! No Bahamians were given the chance tov buy shares or any ownership whatsoever. What a disgrace!!!
I also find it hilarious that BEC is using its new name "Bahamas Power And Light BPL" to pretend like it's no longer a government company and owned by the Bahamian people. In other words, it's acting like it's a completely different company from BEC and a private company at that. It acting like it can do whatever the hell it wants. You can't make this stuff up.
“So you have a country like The Bahamas, where water and light is the two most significant items that we use in our daily life. You’re now having a foreign entity to sell you power to be responsible for the electricity on the island of New Providence?
I'm not worried about Smith; I'm worried that this piss poor Government will just back down again, like they did with prosecuting "all" the corrupt PLP MPs (BOB much). The problem is the FNM don't really believe in anything (just like the PLP weren't strongly against numbers), other than stuffing their pockets and saving face. Smith believes and that is why he often wins. Now, the FNM does believe in buying broke hotels with borrowed money. That they do believe!
Notice how she basically says the bidding process was a "teachable moment." In other countries people go to jail for "teachable moment," not here. Here, they just talk to us like we don't understand and are two year olds and laugh all the way to the bank. The FNM is PLP 2.0.
This is fake news. The real news is the question of conflict of interest and why the project was not open to public bidding - they circumvented the rightful process by not giving bidders all of the information. This is another PLP type crony deal, where somebody in high places is likely getting a multi million dollar finder's fee. Rubish. Rubish Rubish. (See yesterday's Guardian business section for further details).
I refuse to get involved in this nonsense. This is the web shops situation all over again. The government ordered them shut after the referendum; then, they went to court and obtained a stay, because they had been operating for too long, which amounted to tacit consent. I just can't. The government will undoubtedly back down and the status quo will remain. The lawyer wins again. He always seems to win for non Bahamians. Imagine the good he could do, if he did as much for Bahamians. I'm crossing my fingers though; hopefully this time he will lose.
BahamaPundit says...
This is how and why the redundancies at BEC were paid for (voluntary seperation packages of over 200K). This is why the downsizing occured. Not to save public funds, but because BEC has been purchased by Shell. It all makes sense now.
On Shell deal will cut fuel bills
Posted 2 August 2018, 2:30 p.m. Suggest removal
BahamaPundit says...
bec (bpl) has just been sold to shell north america, a foreign company, without proper bidding or transparency. this is what the news headline should be. the deal was likely done way back. this is my opinion. you heard it here first! first btc was sold by the fnm in a hidden deal without proper bidding. now bec has been sold in a hidden deal without proper bidding.
On Shell deal will cut fuel bills
Posted 2 August 2018, 2:26 p.m. Suggest removal
BahamaPundit says...
FNM is a Haiti undercover party. This is no surprise. They're owned by Haiti and full of their spies. All the houses built illegally should be torn down. No exceptions!!!! No corn beef!!!! The end game if this activity was to: 1. Distract Bahamians from the sale of BEC to Shell; 2. Distract Bahamians from the purchase of a broke hotel with their VAT money; 3. End up legitimizing shanty towns and giving Haitians more rights than Bahamians!
On Foulkes reveals some houses already safe
Posted 2 August 2018, 2 p.m. Suggest removal
BahamaPundit says...
I finally understand what is happening here: The Bahamas Government has basically privatized BEC with this deal. This story is getting far too little Press for its huge ramifications. BEC has been sold just like BTC!!! However, the sale is very clandestine and secret. A foreign company will be producing and own the power in New Providence!!! No Bahamians were given the chance tov buy shares or any ownership whatsoever. What a disgrace!!!
On Shell deal will cut fuel bills
Posted 2 August 2018, 1:50 p.m. Suggest removal
BahamaPundit says...
I also find it hilarious that BEC is using its new name "Bahamas Power And Light BPL" to pretend like it's no longer a government company and owned by the Bahamian people. In other words, it's acting like it's a completely different company from BEC and a private company at that. It acting like it can do whatever the hell it wants. You can't make this stuff up.
On Shell deal will cut fuel bills
Posted 2 August 2018, 1:45 p.m. Suggest removal
BahamaPundit says...
“So you have a country like The Bahamas, where water and light is the two most significant items that we use in our daily life. You’re now having a foreign entity to sell you power to be responsible for the electricity on the island of New Providence?
“That is very dangerous.”
Leslie Miller
On Shell deal will cut fuel bills
Posted 2 August 2018, 1:40 p.m. Suggest removal
BahamaPundit says...
I'm not worried about Smith; I'm worried that this piss poor Government will just back down again, like they did with prosecuting "all" the corrupt PLP MPs (BOB much). The problem is the FNM don't really believe in anything (just like the PLP weren't strongly against numbers), other than stuffing their pockets and saving face. Smith believes and that is why he often wins. Now, the FNM does believe in buying broke hotels with borrowed money. That they do believe!
On Families beg court ‘Save our homes’
Posted 2 August 2018, 12:54 p.m. Suggest removal
BahamaPundit says...
Notice how she basically says the bidding process was a "teachable moment." In other countries people go to jail for "teachable moment," not here. Here, they just talk to us like we don't understand and are two year olds and laugh all the way to the bank. The FNM is PLP 2.0.
On Shell deal will cut fuel bills
Posted 2 August 2018, 11:23 a.m. Suggest removal
BahamaPundit says...
This is fake news. The real news is the question of conflict of interest and why the project was not open to public bidding - they circumvented the rightful process by not giving bidders all of the information. This is another PLP type crony deal, where somebody in high places is likely getting a multi million dollar finder's fee. Rubish. Rubish Rubish. (See yesterday's Guardian business section for further details).
On Shell deal will cut fuel bills
Posted 2 August 2018, 11:18 a.m. Suggest removal
BahamaPundit says...
I refuse to get involved in this nonsense. This is the web shops situation all over again. The government ordered them shut after the referendum; then, they went to court and obtained a stay, because they had been operating for too long, which amounted to tacit consent. I just can't. The government will undoubtedly back down and the status quo will remain. The lawyer wins again. He always seems to win for non Bahamians. Imagine the good he could do, if he did as much for Bahamians. I'm crossing my fingers though; hopefully this time he will lose.
On Families beg court ‘Save our homes’
Posted 2 August 2018, 11:10 a.m. Suggest removal