@muddd-tak-dik. Stop being so near sighted and narrow minded. If Sebas and Flowers were the problem how is it that the banking problems are worldwide? Grow into maturity and stop sounding so petty.
If you study CB's loan portfolio you would notice they never ventured into some of the loans territory RBC and BoB went into. CB's consumer loans had a quick turnover and a high interest rate and allowed the bank to keep their non-performing loans within constraints. BoB was to politically exposed and ended up with toxic loans that had little security or collateral to repossess. RBC, despite closing branches, not paying interest on deposits, including term deposits, reducing staff, cutting back on service, still cannot seem to get its head above water, at least not for long. RBC always operated like a monopoly in the Bahamas and is now only finding out what stiff competition in the Bahamas retail market is like. Many feel that RBC is planning an exit strategy from the Bahamas and other Caribbean countries and may only leave a small footprint behind. ScotiaBank, while not fearing as bad as RBC also has its share of struggles to turn a profit.
@ Sealice...why is there always the desire to tie traffic violations with serious crime? murder especially? They are suppose to have a camera system that was (partially) installed many years ago to detect persons who ran the red light by recording their license plate like is done in the US, the UK and other parts of the world. But the lights seem to be so diffucult to maintain. They seem to spend more time repairing and replacing damaged lights than anything else
So does the tend to vindicate BoB for at least some of its poor performance over the past year. The largest bank on the is suffering loses despite downsizing and cutting back severely on customer service. Everyone is in agreement that the economy has deteriorated and loans are not performing.
Unless and until the police and the government and the minister of national security get in their theads that the police alone will not stop the killings in this country and until you get more help on board and society to come together and combat the carnage, the murders will continue. First off, New Providence is not like Chicago or some other crime and violence ridden cities where you hear gunshots going off all hours of the day and all through the night. Usually when gunshots are heard a dead body discovered or someone ends up at the hospital nursing gunshot wounds. Secondly, despite the minister of national security,saying there are crime hot spots around the island, there is no where a normal citizen cannot go and feel he will be attacked or randomly shot at. stray bullet maybe but the murders seem to be directed at certain persons, young men specifically. And also despite the use of the term "prolific offenders", the age bracket of the persons involved in killing both as perpetrators and victims is not increasing. This says that just as many young men that are being killed or sent to jail are being replaced by new and young offenders and victims. Finally the low detection rate and the conviction rate is so low in the country it leaves such a wide, grey area. An area unknown and suspicious. Who are really behind the killings. This becomes especially more suspect when almost half the persons accused and charged with murder are gunned down and killed before they go to trial. Murdered with the precision of a trained assassin. Suspicious.
Has there been a corresponding decrease in births? And what if some parents have chosen to keep their children home a bit longer or even to enroll them in the private less crowded schools. Most likely some of the decline is due to the economic down trun where parents are keeping their children longer at home.
OMG/This is Ours need to take your head out the shadows. If the foreigners were in charge of BPL when the money went missing then who is to blame. There are crooked and incompetent foreigners just like there are Bahamians. And many believe there was never a need to bring BPL/Power secure here in the first place. What single thing have they accomplished to justify their being here? If Bahamians are being fired and dragged before the courts and charged with corruption and stealing, then the least you can do with foreigners is fire dey a$$ and deport dey a$$. Tiefin is Teifin... To bad if you still boot licking.
This scam of cutting checks and sending them to a false company or a bank account in a fake name seems to be something new, if not very popular in the Bahamas. Need to get to the bottom of it and find out who is behind it. Many companies had to stop taking checks because persons were even counterfeiting managers' bank checks and presenting to places like Super Value and building supplies companies and scamming those businesses out of hundreds of thousands of dollars
Rather than see the Japanese car imports in a negative light, Mr Scavella and his business associates should see it as it as an opportunity and get on the ball. Start selling parts for these cars which he claim are hard to get. These cars by now account for more than a third of the vehicles on the Nassau roads. And the market is growing and will continue to grow as long as the economy is depressed. But they (Scavella dem) will wait until someone else starts selling parts then they try price them out the market. Sore losers.
Since one does not know what BPL's goals and objectives are one cannot rate them. They never made their business plan public. You do know a lot of money was being stolen, the cost of electricity increasing for no apparent reason and almost two years in the power supply is still insufficient and unreliable. So you must question why was Power Secure brought in in the first place or the second? May as well have left things under the control of the Potcake. At least you would know when ya a$$ gone sweat.
John says...
@muddd-tak-dik. Stop being so near sighted and narrow minded. If Sebas and Flowers were the problem how is it that the banking problems are worldwide? Grow into maturity and stop sounding so petty.
On FINCO suffers $10.9 million ‘reversal’ into losses
Posted 22 August 2017, 8:34 p.m. Suggest removal
John says...
If you study CB's loan portfolio you would notice they never ventured into some of the loans territory RBC and BoB went into. CB's consumer loans had a quick turnover and a high interest rate and allowed the bank to keep their non-performing loans within constraints. BoB was to politically exposed and ended up with toxic loans that had little security or collateral to repossess. RBC, despite closing branches, not paying interest on deposits, including term deposits, reducing staff, cutting back on service, still cannot seem to get its head above water, at least not for long. RBC always operated like a monopoly in the Bahamas and is now only finding out what stiff competition in the Bahamas retail market is like. Many feel that RBC is planning an exit strategy from the Bahamas and other Caribbean countries and may only leave a small footprint behind. ScotiaBank, while not fearing as bad as RBC also has its share of struggles to turn a profit.
On FINCO suffers $10.9 million ‘reversal’ into losses
Posted 22 August 2017, 6:26 p.m. Suggest removal
John says...
@ Sealice...why is there always the desire to tie traffic violations with serious crime? murder especially? They are suppose to have a camera system that was (partially) installed many years ago to detect persons who ran the red light by recording their license plate like is done in the US, the UK and other parts of the world. But the lights seem to be so diffucult to maintain. They seem to spend more time repairing and replacing damaged lights than anything else
On Triple murder triggers new crackdown
Posted 22 August 2017, 5:35 p.m. Suggest removal
John says...
So does the tend to vindicate BoB for at least some of its poor performance over the past year. The largest bank on the is suffering loses despite downsizing and cutting back severely on customer service. Everyone is in agreement that the economy has deteriorated and loans are not performing.
On FINCO suffers $10.9 million ‘reversal’ into losses
Posted 22 August 2017, 3:24 p.m. Suggest removal
John says...
Unless and until the police and the government and the minister of national security get in their theads that the police alone will not stop the killings in this country and until you get more help on board and society to come together and combat the carnage, the murders will continue. First off, New Providence is not like Chicago or some other crime and violence ridden cities where you hear gunshots going off all hours of the day and all through the night. Usually when gunshots are heard a dead body discovered or someone ends up at the hospital nursing gunshot wounds. Secondly, despite the minister of national security,saying there are crime hot spots around the island, there is no where a normal citizen cannot go and feel he will be attacked or randomly shot at. stray bullet maybe but the murders seem to be directed at certain persons, young men specifically. And also despite the use of the term "prolific offenders", the age bracket of the persons involved in killing both as perpetrators and victims is not increasing. This says that just as many young men that are being killed or sent to jail are being replaced by new and young offenders and victims. Finally the low detection rate and the conviction rate is so low in the country it leaves such a wide, grey area. An area unknown and suspicious. Who are really behind the killings. This becomes especially more suspect when almost half the persons accused and charged with murder are gunned down and killed before they go to trial. Murdered with the precision of a trained assassin. Suspicious.
On Triple murder triggers new crackdown
Posted 22 August 2017, 12:37 p.m. Suggest removal
John says...
Has there been a corresponding decrease in births? And what if some parents have chosen to keep their children home a bit longer or even to enroll them in the private less crowded schools. Most likely some of the decline is due to the economic down trun where parents are keeping their children longer at home.
On Pre-school enrolment below 50%
Posted 22 August 2017, 12:17 p.m. Suggest removal
John says...
OMG/This is Ours need to take your head out the shadows. If the foreigners were in charge of BPL when the money went missing then who is to blame. There are crooked and incompetent foreigners just like there are Bahamians. And many believe there was never a need to bring BPL/Power secure here in the first place. What single thing have they accomplished to justify their being here? If Bahamians are being fired and dragged before the courts and charged with corruption and stealing, then the least you can do with foreigners is fire dey a$$ and deport dey a$$. Tiefin is Teifin... To bad if you still boot licking.
On BPL CEO Pamela Hill fired
Posted 22 August 2017, 12:07 p.m. Suggest removal
John says...
This scam of cutting checks and sending them to a false company or a bank account in a fake name seems to be something new, if not very popular in the Bahamas. Need to get to the bottom of it and find out who is behind it. Many companies had to stop taking checks because persons were even counterfeiting managers' bank checks and presenting to places like Super Value and building supplies companies and scamming those businesses out of hundreds of thousands of dollars
On BPL CEO Pamela Hill fired
Posted 22 August 2017, 10:18 a.m. Suggest removal
John says...
Rather than see the Japanese car imports in a negative light, Mr Scavella and his business associates should see it as it as an opportunity and get on the ball. Start selling parts for these cars which he claim are hard to get. These cars by now account for more than a third of the vehicles on the Nassau roads. And the market is growing and will continue to grow as long as the economy is depressed. But they (Scavella dem) will wait until someone else starts selling parts then they try price them out the market. Sore losers.
On Cheap Japanese car imports driving the industry down
Posted 22 August 2017, 9:05 a.m. Suggest removal
John says...
Since one does not know what BPL's goals and objectives are one cannot rate them. They never made their business plan public. You do know a lot of money was being stolen, the cost of electricity increasing for no apparent reason and almost two years in the power supply is still insufficient and unreliable. So you must question why was Power Secure brought in in the first place or the second? May as well have left things under the control of the Potcake. At least you would know when ya a$$ gone sweat.
On BPL CEO Pamela Hill fired
Posted 21 August 2017, 9:30 p.m. Suggest removal