Funny how Mr. Bowe says he speaks directly and candidly yet he fails again to update the Tribune on the share split he promised shareholders more than four years ago. Why does it take more than four years to execute a simple share split, why so many times he told us it is coming yet it has never arrived? His word holds very little value at this point, shareholders are tired of him crying wolf, tired of a litany of missed targets and failed promises. We are tired of spinning and excuses, of him not maximizing shareholder value and delivering poor results. Last year’s performance was pitiful. He does not seem to understand banking in the Bahamas. His tenure has been one of proselytizing about everything under the sun, especially matters that pertain little to FBB ( he owes shareholders a refund on his salary) as clearly we need a change of leadership at Fidelity Bank, someone who is truthful, and competent and who delivers for shareholders.
This project is 50% owned by Bahamians, and as a Bahamian shareholder I say Godspeed and bring it on. Seems many criticizing this project would have rather our port remain the back water dump it was? We can’t eat sand or drink saltwater! We need more tourism income producing projects owned by Bahamians. I am proud that this port is now world class and successful and am proud as a Bahamian to be sharing in the wealth generation of our Bahamaland. Hopefully the RCL beach club will have the same Bahamian ownership and success.
What makes students so special and why is this the responsibility of the Bahamian taxpayer? Whatever the cost of the flight is, divide it by the number of students on the flight and let them pay their fair share. Why am I being taxed ( or more accurately why are we essentially borrowing the funds for this flight) so that people can have a free flight home? If you can’t afford airfare then you should not be going to college.
And you are happy with the service you receive from govt owned corporations? Are you happy being taxed to subsidize these loss making entities to the tune of $500 mill a year? BPL has $500 mill in legacy debt, is inefficient, and dictated to by a terroristic union precisely because it is govt owned and every Bahamian suffers terribly and has suffered for decades because of it. Privatization is not always a perfect solution, but govt owned is almost never a good one.
It is possible: Bahamas overflight fees were introduced several years ago and generated $43 mill in income last year, the new minimum corporate tax on multinationals w more the $750mill euros in revenue is estimated to generate a new income of $145 mill annually, finally charging vat on private cruise island revenue in the Bahamas etc. we need more of these innovative taxes that almost exclusively target foreigners. That said more than anything we do need to cut expenses, particularly the $500 mill a year used to subsidize loss making govt corporations. Privatize BPL immediately!
Minnis had his chance and failed, can he just enjoy his comfortable retirement and let a new, hopefully more competent FNM lead without his constant interference ?
Madness. Makes one wonder if these judges even live in the Bahamas. The judiciary and lenient sentences are at the root of this crime problem. Sentence should have been at least 20 years.
If this greedy union which has been living large and getting fat on the backs of the Bahamian people is against this deal then the Bahamian people should be all for it. Time for a change… a radical change.
We have enough data, the verdict is in, it’s past time for a change of management at Fidelity bank. Mr. Bowe’s tenure has been an abject failure. To use his metaphor, under Mr. Bowe’s leadership he has taken a well purring Ferrari and parked it in the garage where he has covered it with a tarp and it is gathering dust. Now he finally realizes it’s time to peer under the hood? Obviously he has no clue how to run Fidelity. He is no banker, maybe a good auditor, but he is a piss poor banker who does not understand how to run Fidelity. As shareholders we are tired of the the incompetence and false promises ( 3 years of an oft promised, never delivered share split), tired of huge misses on projections and rapidly declining net income (all in the midst of record tourism!) All other banks are thriving even BOB yet he is running Fidelity in the ground. If he survives until the next AGM it will be a miracle and a failure of the board’s fiduciary obligation to act in the best interest of shareholders and the company.
DonAnthony says...
Funny how Mr. Bowe says he speaks directly and candidly yet he fails again to update the Tribune on the share split he promised shareholders more than four years ago. Why does it take more than four years to execute a simple share split, why so many times he told us it is coming yet it has never arrived? His word holds very little value at this point, shareholders are tired of him crying wolf, tired of a litany of missed targets and failed promises. We are tired of spinning and excuses, of him not maximizing shareholder value and delivering poor results. Last year’s performance was pitiful. He does not seem to understand banking in the Bahamas. His tenure has been one of proselytizing about everything under the sun, especially matters that pertain little to FBB ( he owes shareholders a refund on his salary) as clearly we need a change of leadership at Fidelity Bank, someone who is truthful, and competent and who delivers for shareholders.
On ‘No stone unturned’: Fidelity’s $9m profits perfectly paced
Posted 8 August 2024, 3:22 p.m. Suggest removal
DonAnthony says...
This project is 50% owned by Bahamians, and as a Bahamian shareholder I say Godspeed and bring it on. Seems many criticizing this project would have rather our port remain the back water dump it was? We can’t eat sand or drink saltwater! We need more tourism income producing projects owned by Bahamians. I am proud that this port is now world class and successful and am proud as a Bahamian to be sharing in the wealth generation of our Bahamaland. Hopefully the RCL beach club will have the same Bahamian ownership and success.
On Cruise port to create 350 jobs via $35m water park
Posted 8 July 2024, 3:37 p.m. Suggest removal
DonAnthony says...
What makes students so special and why is this the responsibility of the Bahamian taxpayer? Whatever the cost of the flight is, divide it by the number of students on the flight and let them pay their fair share. Why am I being taxed ( or more accurately why are we essentially borrowing the funds for this flight) so that people can have a free flight home? If you can’t afford airfare then you should not be going to college.
On Students in Jamaica want flight out before storm
Posted 2 July 2024, 2:53 p.m. Suggest removal
DonAnthony says...
And you are happy with the service you receive from govt owned corporations? Are you happy being taxed to subsidize these loss making entities to the tune of $500 mill a year? BPL has $500 mill in legacy debt, is inefficient, and dictated to by a terroristic union precisely because it is govt owned and every Bahamian suffers terribly and has suffered for decades because of it. Privatization is not always a perfect solution, but govt owned is almost never a good one.
On Halkitis: Govt committed to avoiding tax increases
Posted 27 May 2024, 10:44 a.m. Suggest removal
DonAnthony says...
It is possible: Bahamas overflight fees were introduced several years ago and generated $43 mill in income last year, the new minimum corporate tax on multinationals w more the $750mill euros in revenue is estimated to generate a new income of $145 mill annually, finally charging vat on private cruise island revenue in the Bahamas etc. we need more of these innovative taxes that almost exclusively target foreigners. That said more than anything we do need to cut expenses, particularly the $500 mill a year used to subsidize loss making govt corporations. Privatize BPL immediately!
On Halkitis: Govt committed to avoiding tax increases
Posted 27 May 2024, 9:51 a.m. Suggest removal
DonAnthony says...
Minnis had his chance and failed, can he just enjoy his comfortable retirement and let a new, hopefully more competent FNM lead without his constant interference ?
On Minnis snubbed by his former Cabinet
Posted 23 May 2024, 9:14 a.m. Suggest removal
DonAnthony says...
Madness. Makes one wonder if these judges even live in the Bahamas. The judiciary and lenient sentences are at the root of this crime problem. Sentence should have been at least 20 years.
On Murders up by 13%
Posted 22 May 2024, 4:02 p.m. Suggest removal
DonAnthony says...
If this greedy union which has been living large and getting fat on the backs of the Bahamian people is against this deal then the Bahamian people should be all for it. Time for a change… a radical change.
On FEARS OF BPL PRIVATISATION: Unions and FNM raise concerns at possible PPP deals
Posted 4 March 2024, 10:03 a.m. Suggest removal
DonAnthony says...
We have enough data, the verdict is in, it’s past time for a change of management at Fidelity bank. Mr. Bowe’s tenure has been an abject failure. To use his metaphor, under Mr. Bowe’s leadership he has taken a well purring Ferrari and parked it in the garage where he has covered it with a tarp and it is gathering dust. Now he finally realizes it’s time to peer under the hood? Obviously he has no clue how to run Fidelity. He is no banker, maybe a good auditor, but he is a piss poor banker who does not understand how to run Fidelity. As shareholders we are tired of the the incompetence and false promises ( 3 years of an oft promised, never delivered share split), tired of huge misses on projections and rapidly declining net income (all in the midst of record tourism!) All other banks are thriving even BOB yet he is running Fidelity in the ground. If he survives until the next AGM it will be a miracle and a failure of the board’s fiduciary obligation to act in the best interest of shareholders and the company.
On Fidelity eyes $18m profit after ‘opening the hood’
Posted 16 February 2024, 5:51 p.m. Suggest removal
DonAnthony says...
Maybe PM from his travels in Africa will recommend days instead of a day of prayer?
On Friday: Murder. Sunday afternoon: Murder. Sunday night: Murder – WHEN WILL THE KILLINGS END?
Posted 22 January 2024, 9:54 a.m. Suggest removal