Why would they buy when they can wait until the price continues to drop, as it will the longer this goes on for. In addition they are no doubt trying to make sure they can operate when they are allowed to sail again (my way would be before the vaccine your way after, which would take longer). This makes these decisions take the bench until Covid is all over.
So wait on the one hand you want the deal done so tourists can come, but on the other hand you don't want any tourists. Until businesses know the outcome of Covid there won't be any tourists.
Please just go into isolation until the vaccine is here and let those of us who need to work and are willing to take the risk to try and continue. Your way we would be collapsed long before a vaccine is here. But that probably won't affect you so you don't mind.
Because the cost in the long term from multiple companies going bankrupt trying to pay the severance to those they would need to let go in order to survive will be much worse then carrying on the $150 per week right now.
Do politicians realize that what they say is then out there for all to see. So in one article we get told that to get Freeport and therefore Grand Bahama going we need to open up and allow more foreigners in. Then out comes the Immigration minister saying the exact opposite. Why doesn't he say that if there is a need for foreigners it will be filled, however if there is not it won't. Companies are there to make profit, only a insane company would prefer to spend all the extras you would need to get a foreigner when there is a Bahamain who can do the job. In addition the 40,000 is a headline grabbing number. Part of that is all the foreign doctors and nurses, and i doubt we are going to tell them bye. Then there is all the laborers and domestic workers. Those high power jobs everyone is thinking of (the expat banker) is not that much in the 40,000 (i think around 300, and with many of them when they go so does the company as it is theirs). This is all politics and a way to show that this country will never be much more then it is now as we are so insular. We want the foreign money but we don't want the foreigner.
Whether that is true or not what he is saying is true. Not many companies will ahve the funds to layoff 50% or more of their workforce if needed. So instead of saving the people they can and then hoping to grow back to where they were they will have no choice but to declare bankruptcy and then no one gets paid (and employees go to second bottom of the payout line). Government should consider extending it or amending the severance law whereby companies can defer payment for up to 5 years, with yearly payments (and even consider saying if the person gets a new job then the amount outstanding is got rid of). These events will probably speed up the process of more and more workers being hired as contractors so the company doesn't have the liability at the end.
It will be tough but we need Government to stand up to the unions in this country (and not just the Teachers Union). Unions were needed and brought a lot of good, now they cause more problems then they solve.
I think the policy is for those who can work form home in a foreign country to be able to move here and continue to do the job they were doing before, all this would mean that the person has not taken a job from a Bahamain as this job was not here. They may however increase employment in this country due to having to buy a house, eat, clean, have a car and many others. I suggest to the letter writer that they should find out what the policy is before criticizing and showing their ignorance and xenophobia .
Dawes says...
Then you go out and take a loan and start building.
On Lucaya Marketplace faces 'nail biting' wait
Posted 2 October 2020, 8:26 a.m. Suggest removal
Dawes says...
Why would they buy when they can wait until the price continues to drop, as it will the longer this goes on for. In addition they are no doubt trying to make sure they can operate when they are allowed to sail again (my way would be before the vaccine your way after, which would take longer). This makes these decisions take the bench until Covid is all over.
On Lucaya Marketplace faces 'nail biting' wait
Posted 2 October 2020, 8:26 a.m. Suggest removal
Dawes says...
So wait on the one hand you want the deal done so tourists can come, but on the other hand you don't want any tourists. Until businesses know the outcome of Covid there won't be any tourists.
On Lucaya Marketplace faces 'nail biting' wait
Posted 1 October 2020, 5:28 p.m. Suggest removal
Dawes says...
Please just go into isolation until the vaccine is here and let those of us who need to work and are willing to take the risk to try and continue. Your way we would be collapsed long before a vaccine is here. But that probably won't affect you so you don't mind.
On Nassau's COVID rate is cruise line concern
Posted 1 October 2020, 8:56 a.m. Suggest removal
Dawes says...
What taxes?, GB been a drain on Nassau for a long time.
On INSIGHT: Let’s pick up the pace and get the work done now: Why are we waiting?
Posted 29 September 2020, 12:25 p.m. Suggest removal
Dawes says...
Because the cost in the long term from multiple companies going bankrupt trying to pay the severance to those they would need to let go in order to survive will be much worse then carrying on the $150 per week right now.
On ‘Firms haven’t got money for severance payments’
Posted 28 September 2020, 9:43 a.m. Suggest removal
Dawes says...
Do politicians realize that what they say is then out there for all to see. So in one article we get told that to get Freeport and therefore Grand Bahama going we need to open up and allow more foreigners in. Then out comes the Immigration minister saying the exact opposite. Why doesn't he say that if there is a need for foreigners it will be filled, however if there is not it won't. Companies are there to make profit, only a insane company would prefer to spend all the extras you would need to get a foreigner when there is a Bahamain who can do the job. In addition the 40,000 is a headline grabbing number. Part of that is all the foreign doctors and nurses, and i doubt we are going to tell them bye. Then there is all the laborers and domestic workers. Those high power jobs everyone is thinking of (the expat banker) is not that much in the 40,000 (i think around 300, and with many of them when they go so does the company as it is theirs). This is all politics and a way to show that this country will never be much more then it is now as we are so insular. We want the foreign money but we don't want the foreigner.
On Another work permit warning
Posted 25 September 2020, 9:50 a.m. Suggest removal
Dawes says...
Whether that is true or not what he is saying is true. Not many companies will ahve the funds to layoff 50% or more of their workforce if needed. So instead of saving the people they can and then hoping to grow back to where they were they will have no choice but to declare bankruptcy and then no one gets paid (and employees go to second bottom of the payout line). Government should consider extending it or amending the severance law whereby companies can defer payment for up to 5 years, with yearly payments (and even consider saying if the person gets a new job then the amount outstanding is got rid of). These events will probably speed up the process of more and more workers being hired as contractors so the company doesn't have the liability at the end.
On ‘Firms haven’t got money for severance payments’
Posted 25 September 2020, 9:35 a.m. Suggest removal
Dawes says...
It will be tough but we need Government to stand up to the unions in this country (and not just the Teachers Union). Unions were needed and brought a lot of good, now they cause more problems then they solve.
On Education Minister and union boss go to war
Posted 25 September 2020, 9:31 a.m. Suggest removal
Dawes says...
I think the policy is for those who can work form home in a foreign country to be able to move here and continue to do the job they were doing before, all this would mean that the person has not taken a job from a Bahamain as this job was not here. They may however increase employment in this country due to having to buy a house, eat, clean, have a car and many others. I suggest to the letter writer that they should find out what the policy is before criticizing and showing their ignorance and xenophobia .
On Madness of extended visa
Posted 24 September 2020, 1:49 p.m. Suggest removal