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.
Are these roadblocks even legal? Do the police have the right in the Bahamas to arbitrarily impede the public movement or to subject mostly innocent Bahamians to questioning and searches of their vehicles?
Illegal immigration is not nearly the problem most Bahamians think it is. The reality is that the country greatly benefits from and needs the cheap labor that they provide. Construction in the the country would almost come to a standstill without foreign (predominately Haitian labor). At the very least it would be much more expensive and home ownership which is barely possible for many Bahamians would be prohibitively more expensive and out of reach. We need development and growth, how many FDI projects and the Bahamian jobs they provide along w tax revenue and ancillary benefits would not occur if construction was too expensive and the labor to complete them simply unavailable? The problem is that it needs to be properly regulated and no Bahamian government seems capable of doing this properly, but make no mistake in the grand scheme of things illegal labor is almost certainly a necessity and net benefit to the Bahamas.
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
DonAnthony says...
Are these roadblocks even legal? Do the police have the right in the Bahamas to arbitrarily impede the public movement or to subject mostly innocent Bahamians to questioning and searches of their vehicles?
On CRACKDOWN: More intrusive policing coming, anti-gang laws are promised, more CCTV and increased patrols
Posted 15 January 2024, 10:25 a.m. Suggest removal
DonAnthony says...
Praying does not seem to be helping🤔, PM better go to plan B.
On SHOOTING INCIDENT: Man being questioned after woman killed, toddler in critical condition
Posted 11 January 2024, 3:05 p.m. Suggest removal
DonAnthony says...
Illegal immigration is not nearly the problem most Bahamians think it is. The reality is that the country greatly benefits from and needs the cheap labor that they provide. Construction in the the country would almost come to a standstill without foreign (predominately Haitian labor). At the very least it would be much more expensive and home ownership which is barely possible for many Bahamians would be prohibitively more expensive and out of reach. We need development and growth, how many FDI projects and the Bahamian jobs they provide along w tax revenue and ancillary benefits would not occur if construction was too expensive and the labor to complete them simply unavailable? The problem is that it needs to be properly regulated and no Bahamian government seems capable of doing this properly, but make no mistake in the grand scheme of things illegal labor is almost certainly a necessity and net benefit to the Bahamas.
On IMMIGRATION ‘A RISK TO NATION’: Pastor warns of those who come to Bahamas illegally at Majority Rule service
Posted 11 January 2024, 10:05 a.m. Suggest removal