Imagine the Cruise passengers instead would stay at Nassau and Family Islands hotels - The Bahamas would be soaked with money and have full employment.
Room rates are low, occupancy low, so best time to streamline and terminate inefficient staff! That’s it, Brookfield isn’t a charity. My guess 1,000 will be less forever.
No way out. Let’s wait for the IMF doing the restructuring in 2022. Let the market speak. The country can’t sustain new debt at 9+%. Latest S&P downgrade is another nail in the coffin. Good luck to the new government!
Default definitely won’t happen. US and IMF will take over by 2022. Why not, someone has to provide fresh money to keep the country afloat same time someone has to restructure. Or do we want the PRC?
It’s definitely not the cruise ships as they really don’t contribute to GDP. It’s tough quick restructuring needed. Will this happen before the IMF comes in? Let’s hope.
Exactly as expected. Mr. Ex WSC Nailinthecoffin should resign and by elections should give a serious mandate. No way for any serious investment happening anytime soon.
Time is running. The uphill battle to fix 5 decades of waste of $10 bn. Bloated public sector needs quick painful fix, abolish unnecessary BIA, sell SOEs immediately, sugarcoating over. All hands on deck. Reduce number of ministries , halve ministers salaries until outlook becomes positive. Good luck to the best PM we ever had!
Many Bahamians think there is no competition in high end real estate markets. The government is consistent with making The Bahamas a Long term reliable and stable place for urgently needed FDI induced job creation!
For The Bahamas a simple sales tax on consumers would be easiest. I don’t understand where is the VAT issue? You buy goods and services pay VAT and offset against VAT in your sales. If your sales are VAT free and your purchases are including VAT you simply recover this VAT from government. Nothing special on that. That’s the VAT standard. The rest is just bs to make readers think these companies operate unlawfully.
Maximilianotto says...
Imagine the Cruise passengers instead would stay at Nassau and Family Islands hotels - The Bahamas would be soaked with money and have full employment.
On PM is impressed by Royal Caribbean’s efforts to minimise environmental impact
Posted 19 November 2021, 8:05 a.m. Suggest removal
Maximilianotto says...
Room rates are low, occupancy low, so best time to streamline and terminate inefficient staff!
That’s it, Brookfield isn’t a charity. My guess 1,000 will be less forever.
On ‘Quite a bit of Atlantis workers’ remain furloughed
Posted 17 November 2021, 9:59 a.m. Suggest removal
Maximilianotto says...
An uphill battle against the IMF - see S&P downgrade yesterday.
Wishing our government all success!
On PM: Bahamas is ‘safely and wisely’ opening for business
Posted 13 November 2021, 9:54 a.m. Suggest removal
Maximilianotto says...
No way out. Let’s wait for the IMF doing the restructuring in 2022. Let the market speak. The country can’t sustain new debt at 9+%. Latest S&P downgrade is another nail in the coffin.
Good luck to the new government!
On Minister says Bahamians ‘alarmed’ by $10bn debt
Posted 13 November 2021, 9:48 a.m. Suggest removal
Maximilianotto says...
Default definitely won’t happen. US and IMF will take over by 2022.
Why not, someone has to provide fresh money to keep the country afloat same time someone has to restructure. Or do we want the PRC?
On Minister pledges: No $10bn debt default
Posted 13 November 2021, 9:41 a.m. Suggest removal
Maximilianotto says...
It’s definitely not the cruise ships as they really don’t contribute to GDP.
It’s tough quick restructuring needed. Will this happen before the IMF comes in?
Let’s hope.
On Target ‘ideal’ 50% debt-to-GDP ratio
Posted 13 November 2021, 9:37 a.m. Suggest removal
Maximilianotto says...
Exactly as expected. Mr. Ex WSC Nailinthecoffin should resign and by elections should give a serious mandate. No way for any serious investment happening anytime soon.
On Enough of ‘pie in the sky’ promises
Posted 13 November 2021, 9:33 a.m. Suggest removal
Maximilianotto says...
Time is running. The uphill battle to fix 5 decades of waste of $10 bn.
Bloated public sector needs quick painful fix, abolish unnecessary BIA,
sell SOEs immediately, sugarcoating over. All hands on deck. Reduce number of ministries ,
halve ministers salaries until outlook becomes positive.
Good luck to the best PM we ever had!
On Bahamas downgraded by Standard & Poor's
Posted 13 November 2021, 9:11 a.m. Suggest removal
Maximilianotto says...
Many Bahamians think there is no competition in high end real estate markets.
The government is consistent with making The Bahamas a Long term reliable and stable place for urgently needed FDI induced job creation!
On End to 12% VAT realty rate ‘shows we mean business’
Posted 12 November 2021, 2:35 p.m. Suggest removal
Maximilianotto says...
For The Bahamas a simple sales tax on consumers would be easiest.
I don’t understand where is the VAT issue? You buy goods and services pay VAT and offset
against VAT in your sales. If your sales are VAT free and your purchases are including VAT you simply recover this VAT from government. Nothing special on that. That’s the VAT standard. The rest is just bs to make readers think these companies operate unlawfully.
On VAT reforms to cap ‘huge’ refund liability
Posted 12 November 2021, 2:31 p.m. Suggest removal