yes. that will happen unfortunately. it really looks like that. look at the mess with the stadium, same here. Losses are transferred to the general public after the private investors took their money out.

1000% agreed. Look at the tourists that choose the out islands over new providence/Freeport. They may not buy t-shirts and eat at senor frogs, but they leave serious $$ in places that need the $$ directly and not via the disbursement and subsidy from a corrupt central government. Tourists in the out islands spend usually more time than the average visitor to New Providence, leave less garbage and are more in tune with eco, nature and sustainability. So yes duppyVAT, we need a tourism that favours small hotels and pensions and operators, Costa Rica is the perfect model. Start with educating the out island tourist operators on how to set up websites, websales, social media, allow them to get exchange students from reputable hotel schools around the world to work for a few months and bring in know how and relationships, etc. all this does not cost any money, finance renewable energy that will allow local farming etc. all doable and possible even without that much money.

frankly duppy VAT it is not BEC that is ruining the economy. What is ruining the economy is that the government has not taken action to change the system early enough. BEC needs to be shut down, the union contracts scrapped, net metering allowed, and a third party should get a contract to produce electricity at 10 cents/kwh for the next 10 years (and yes this is possible). The only reason why Bahamar, Albany and other large developments don't have their own energy models is, because they were BEC's cash flow life lines and the government went out of its way to shut down any, ANY initiative by these resorts/developments. BEC is damned if Bahamar etc. does not contribute cash to keep BEC afloat, and BEC is damned when they have to provide the extra amount of electricity Bahamar needs. So all this is only happening (or not) because the government wants to keep BEC alive. Scrap the company, write off the debt (well put a 5 cents/kwh recovery tax to all the bills for two years and the money is back in the treasury - and all are happy).

well unfortunately 30 cents/kwh will not safe the economy. 10 cents or so will. However Sandals had offers on their table to set up their own energy facility and they thought it was to expensive to make that investment. Well had they acted when they had the proposals on their desk, their cash flow would look much different now - and customer appreciation as well I take.

Well if you knew what rackets are going on in the airplane maintenance and spare parts business (not only in the Bahamas, but also!), I would look at the lax regulation as a glass being half empty rather than half full. I guess we all got lucky that there was "only" one person dead, could have been 11.

seems that all you need to do to become and stay BISX listed is to know your own name. Any other stock exchange would have rules and regulations that would require disclosure of issues such as interference from a regulator to protect shareholders..... for an investor none of the protecting mechanisms have kicked in, neither CBOB, nor BISX and certainly not the management or board of BOB. I hope there will be some lawsuits, because even if you remove the 100 Mio bad debt from BOBs books, that does not make the management any better. Why would things get better after this with BOB?

makes you wonder what brought the plane down in the first place.

Mr. Wilson, time to let your genie out of the Bottle, the Bahamas needs a new leader, please step up to the plate and pay for all the bad loans. Save us, save the Bahamas.

well the question is whether you want to be treated like her. headlocking a woman? wonder where that immigration officer was raised, I hope not in the Bahamas.

not sure I want my insurance company to invest the cash value of my life policy in Bahamas government debt. May as well just buy a bag of air.