Then it is the fault of the Government not the industry. This is the same as the oil curse, and yet some countries have benefited from it (Norway) whilst others haven't. I am fairly sure we have these issues with Atlantis and BahaMar having undo influence. Would you therefore say we should close down our tourism industry? It's easy to blame the industry when in reality the problems from it will be due to the Government that is meant to regulate it.
Yup it only accounts for 10-15% of our GDP, and employs some 3,862 Bahamians and 267 foreigners (though about 2,500 Bahamains were in local banking, so 1,362 in offshore). Banks also spent $710 million of which almost $325 million was salaries. But yeah not that important. Note these are all from 2017 https://www.centralbankbahamas.com/down…
Not really the Minnis factor, its successive Governments at work as well as the black listing. WE have known for years that the financial industry was in decline and needed a major reboot. Unfortunately all we did was talk about what needed to be done and then never did anything. Until the major change happens it will decline. Seeing as one of those major changes would be the opening up of the work permit system to make it easier and more efficient to obtain, and this is highly unlikely to happen i would expect the continued slow decline of this industry. But thats OK as it only provided many Bahamians with a way of entering the middle class or being able to get employment overseas and thereby getting out of here.
If you are borrowing you are not setting aside the money. We all know we have hurricanes here. They need to mandate that we run a surplus every year there is no hurricane. And then in the years when there is they use the surplus funds and then borrow to cover the expenditure. As it is even in years of no hurricanes we run deficits of hundreds of millions of dollars. Showing the world that just like the last lot of Governments we are useless.
LOL man they going to milk Dorian for a long time. Yes Dorian has caused you to borrow a lot more, but it didn't cause you to borrow. You were going to do that no matter what happened. As such it wasn't Dorian that caused you to borrow but your mismanagement of the economy and lack of balls to make hard decisions.
My God are people still talking about this. How pathetic can we be. For the letter writer to say that doing business in the Bahamas is now harder thanks to the plastic ban is pulling at straws (pun intended). I'm not sure how to explain to people like the letter writer that the whole idea of the charge is to make the customer think that it is better to bring in reusable bags (as this has been explained many times before).
It would be fitting to call these domes Minnis Town, that way if they are as good as they say it he would be proud to have his name associated with it. But if they are as bad as some say then he will always be associated with them.
May be better to open a new airport then pay over and above what is needed to get this airport and then do it up. Also tell the current owner that Government will no longer work with them in the future.
I am sure those who are saying to close the airline will also be happy if it is given to the B-ALPHA and they can see if they can make a go of it. As long as the taxpayers of this country do not have to continually pay for this airline, which is now currently at over $500 million in losses (at 4% interest which is low, is an additional $20 million a year interest on top of the $13 million subvention) that will be OK. 5-10 years ago Bahamasair said if they got these planes then all will be good. They get the planes and low and behold they still lose money. Time to get rid of it and let B-ALPHA either make money off it or lose their investment if they are so sure it will work.
Dawes says...
Then it is the fault of the Government not the industry. This is the same as the oil curse, and yet some countries have benefited from it (Norway) whilst others haven't. I am fairly sure we have these issues with Atlantis and BahaMar having undo influence. Would you therefore say we should close down our tourism industry? It's easy to blame the industry when in reality the problems from it will be due to the Government that is meant to regulate it.
On 30 jobs lost as Julius Baer closes
Posted 4 February 2020, 1:31 p.m. Suggest removal
Dawes says...
Yup it only accounts for 10-15% of our GDP, and employs some 3,862 Bahamians and 267 foreigners (though about 2,500 Bahamains were in local banking, so 1,362 in offshore). Banks also spent $710 million of which almost $325 million was salaries. But yeah not that important. Note these are all from 2017 https://www.centralbankbahamas.com/down…
On 30 jobs lost as Julius Baer closes
Posted 4 February 2020, 12:37 p.m. Suggest removal
Dawes says...
Not really the Minnis factor, its successive Governments at work as well as the black listing. WE have known for years that the financial industry was in decline and needed a major reboot. Unfortunately all we did was talk about what needed to be done and then never did anything. Until the major change happens it will decline. Seeing as one of those major changes would be the opening up of the work permit system to make it easier and more efficient to obtain, and this is highly unlikely to happen i would expect the continued slow decline of this industry. But thats OK as it only provided many Bahamians with a way of entering the middle class or being able to get employment overseas and thereby getting out of here.
On 30 jobs lost as Julius Baer closes
Posted 4 February 2020, 9:32 a.m. Suggest removal
Dawes says...
If you are borrowing you are not setting aside the money. We all know we have hurricanes here. They need to mandate that we run a surplus every year there is no hurricane. And then in the years when there is they use the surplus funds and then borrow to cover the expenditure. As it is even in years of no hurricanes we run deficits of hundreds of millions of dollars. Showing the world that just like the last lot of Governments we are useless.
On Govt seeks extra $120m for non-Dorian spending
Posted 31 January 2020, 9:22 a.m. Suggest removal
Dawes says...
LOL man they going to milk Dorian for a long time. Yes Dorian has caused you to borrow a lot more, but it didn't cause you to borrow. You were going to do that no matter what happened. As such it wasn't Dorian that caused you to borrow but your mismanagement of the economy and lack of balls to make hard decisions.
On Dorian bill leaves no option to borrowing
Posted 30 January 2020, 12:09 p.m. Suggest removal
Dawes says...
Gas stores don't either.
On We deserve better service
Posted 30 January 2020, 9:33 a.m. Suggest removal
Dawes says...
My God are people still talking about this. How pathetic can we be. For the letter writer to say that doing business in the Bahamas is now harder thanks to the plastic ban is pulling at straws (pun intended). I'm not sure how to explain to people like the letter writer that the whole idea of the charge is to make the customer think that it is better to bring in reusable bags (as this has been explained many times before).
On We deserve better service
Posted 29 January 2020, 10:58 a.m. Suggest removal
Dawes says...
It would be fitting to call these domes Minnis Town, that way if they are as good as they say it he would be proud to have his name associated with it. But if they are as bad as some say then he will always be associated with them.
On Disaster Reconstruction Authority dismisses 'fake news' over quality of domes
Posted 28 January 2020, 9:35 a.m. Suggest removal
Dawes says...
May be better to open a new airport then pay over and above what is needed to get this airport and then do it up. Also tell the current owner that Government will no longer work with them in the future.
On 'Enough is enough' over GB's airport
Posted 22 January 2020, 3:40 p.m. Suggest removal
Dawes says...
I am sure those who are saying to close the airline will also be happy if it is given to the B-ALPHA and they can see if they can make a go of it. As long as the taxpayers of this country do not have to continually pay for this airline, which is now currently at over $500 million in losses (at 4% interest which is low, is an additional $20 million a year interest on top of the $13 million subvention) that will be OK. 5-10 years ago Bahamasair said if they got these planes then all will be good. They get the planes and low and behold they still lose money. Time to get rid of it and let B-ALPHA either make money off it or lose their investment if they are so sure it will work.
On We need our own airline
Posted 22 January 2020, 9:44 a.m. Suggest removal