The whole customs procedure must be reformed. The back and forth from this office to the next needs to be eliminated. Most of the back and forth is because government is trying to eliminate corruption. So do it all on-line like the banks are forcing us to do and fire half the customs officers.
The country will collect more revenue and spend less on collection.
This is the result of years of slackness by the Exchange Control Department of the Central Bank of The Bahamas in the 1980's and 1990's.
Remember lawyers like Nigel Bowe who helped launder millions of drug money for drug dealers (also Carlos Leader) and wound up being extradited to the US.
And the Banks Supervision Department that allowed Guardian Trust Company to have accounts for people like Carlos Leader. Also allowed Suisse Security Bank to do what it did right under their noses.
We are all paying the price of slack ways of the past.
Mr. Gibson is correct. Most of the local contractors are unable to produce a set of financials. Not only that, they are unable to accurately assess how much material they need for a project. Most are incapable of managing a project so that it is executed in a timely fashion. I am not saying on time, not too long a delay.
They need to use qualified 'quantity surveyors'. They need qualified accountants to set their books up.
To many construction workers believe that they can be project managers and construction company owners.
Yes Mr. Gibson most of our construction companies are a joke and need to become real businessmen.
That is because the slack inefficient Civil Servants aren't doing their job. The private sector has to do the collection of tax and still pay for an incompetent civil service. Time to reduce the civil service by at least 10%
Past governments have used the civil service as a jobs program to party faithful and their friends.
Just like Greece, the party is over.
The Civil Service is a large bureaucratic body which, by its 1950's performance is drowning our country in debt. there are many who do nothing and those are the ones that need to go.
Someone in the Central Bank must be smoking something serious. **The Bahamas Government "has no money" for this.**
Please make a statement that this building is just a dream for when the country is rich>
Besides the Central Bank, especially the Banks Supervision Department has done nothing for the last 35 years, so they certainly don't need any more space.
What Mr. Rolle is saying is that he, and the Central Bank, are incapable of policing the banks so they have stopped all cash transactions.
The effect has been that if Daddy wants to put $500.00 cash on his adult sons account, that day, he can't.
The bank says that the money has to be wire transferred. And, if you don't have the account is set up, internally in the bank (don't think that the statement has the way that it has been set up, because it does not) then you can't transfer the money.
Economist says...
5 years ago they wanted tariffs as high as 200% so what do you expect them to say.
On Manufacturer warning on WTO 'irreparable damage'
Posted 22 May 2018, 4:14 p.m. Suggest removal
Economist says...
The whole customs procedure must be reformed. The back and forth from this office to the next needs to be eliminated.
Most of the back and forth is because government is trying to eliminate corruption. So do it all on-line like the banks are forcing us to do and fire half the customs officers.
The country will collect more revenue and spend less on collection.
On Chief WTO negotiator: Business reform must 'move a lot quicker'
Posted 18 May 2018, 9:51 p.m. Suggest removal
Economist says...
This is the result of years of slackness by the Exchange Control Department of the Central Bank of The Bahamas in the 1980's and 1990's.
Remember lawyers like Nigel Bowe who helped launder millions of drug money for drug dealers (also Carlos Leader) and wound up being extradited to the US.
And the Banks Supervision Department that allowed Guardian Trust Company to have accounts for people like Carlos Leader. Also allowed Suisse Security Bank to do what it did right under their noses.
We are all paying the price of slack ways of the past.
On Lawyers must act as financial institutions
Posted 17 May 2018, 8:17 p.m. Suggest removal
Economist says...
Mr. Gibson is correct. Most of the local contractors are unable to produce a set of financials. Not only that, they are unable to accurately assess how much material they need for a project.
Most are incapable of managing a project so that it is executed in a timely fashion. I am not saying on time, not too long a delay.
They need to use qualified 'quantity surveyors'. They need qualified accountants to set their books up.
To many construction workers believe that they can be project managers and construction company owners.
Yes Mr. Gibson most of our construction companies are a joke and need to become real businessmen.
On Gibson insists water contract was clean
Posted 16 May 2018, 9:02 p.m. Suggest removal
Economist says...
That is because the slack inefficient Civil Servants aren't doing their job. The private sector has to do the collection of tax and still pay for an incompetent civil service.
Time to reduce the civil service by at least 10%
On IMF’s bitter pill - find extra $240m
Posted 15 May 2018, 9:24 p.m. Suggest removal
Economist says...
Past governments have used the civil service as a jobs program to party faithful and their friends.
Just like Greece, the party is over.
The Civil Service is a large bureaucratic body which, by its 1950's performance is drowning our country in debt. there are many who do nothing and those are the ones that need to go.
On IMF’s bitter pill - find extra $240m
Posted 15 May 2018, 2:36 p.m. Suggest removal
Economist says...
Someone in the Central Bank must be smoking something serious.
**The Bahamas Government "has no money" for this.**
Please make a statement that this building is just a dream for when the country is rich>
Besides the Central Bank, especially the Banks Supervision Department has done nothing for the last 35 years, so they certainly don't need any more space.
On Winning design for new Central Bank building revealed
Posted 12 May 2018, 12:01 a.m. Suggest removal
Economist says...
What Mr. Rolle is saying is that he, and the Central Bank, are incapable of policing the banks so they have stopped all cash transactions.
The effect has been that if Daddy wants to put $500.00 cash on his adult sons account, that day, he can't.
The bank says that the money has to be wire transferred. And, if you don't have the account is set up, internally in the bank (don't think that the statement has the way that it has been set up, because it does not) then you can't transfer the money.
On Bahamas to send message: Banks 'cannot launder cash'
Posted 23 April 2018, 4:06 p.m. Suggest removal
Economist says...
The FNM needs to man up and kick the Chinese out.
The Chinese only want to suck the life out of The Bahamas so that they can come, populate and take over.
On Pointe: We don't need locals - yet
Posted 19 April 2018, 3:06 p.m. Suggest removal
Economist says...
Send the bill to the Bahamas Defence force for not doing their job of protecting our boarders.
They let the illegals in.
They are one of the largest defence forces in the Caribbean and have the most ships and don't know how to use them.
They should have to pay for their incompetence.
On 'Someone has to pay' $2m deportation bill
Posted 17 April 2018, 7:35 p.m. Suggest removal