This is extracted from Power Secure's code of Business conduct and Ethics............... Payments to Government Personnel The U.S. Foreign Corrupt Practices Act prohibits giving anything of value, directly or indirectly, to officials of foreign governments or foreign political candidates in order to obtain or retain business. It is strictly prohibited to make illegal payments to government officials of any country. How on earth did they get the contract?? What is in it for the the Government unless Power Secure's statements are just smoke and mirrors. It is great that this Government was worried about the integrity of the company!! You do not want them to be too ethical!
I assume that Mr McWeeney got his full pay and any bonuses owing to him despite the bank results. Or I may be mistaken and in fact Mr McWeeney has hit all the targets set for him after the cookie jar has been raided.
Have any of you read of the MAJOR outage of BT in the UK. It does not matter how many competitors there are, if there is an outage on your service it does not help unless you have two services.
If the competition, as expected, are initially sharing towers and infrastructure (in order to allow the quick start up that seems to be desirable), then maybe all the carriers could be out at the same time.
If this government was really enthusiastic in giving a choice, the instructions for interested carriers would have been written and ready to be issued in April. It appears that only recently the PM appointed a committee to work with URCA to come up with the regulations that are necessary.
do not forget that the government is earning more income from its 50% ownership than it did when it had 100% ownership. I imagine that they will be loathe to give up that cash cow by allowing in efficient competition.
Editor! You cannot publish such criticism of people and just attribute it to a "source". Who is the source and why should we believe what he/she says. After all the new CEO of CWC has told us not to believe everything that we read in the papers about the new CEO of BTC and most of what we read about him is actually attributed to a named source.
The "competitive selection process that would be used by government to select the second cellular provider" and Request for Proposals (RFP) should already been in place so that the invitations could go out as soon as the deadline past if in fact the government is telling the truth about the agreement over the sale! Given their track record, this seems extremely unlikely, the probability is that the government wanted to go on receiving the income from the 49% ownership for as long as possible. After all, the governments share under the current system is much higher than it ever was when BTC was totally "Bahamian".
Preparation prior to the deadline date would have been good governance if the PM is really interested in giving the Bahamian people the choice he has been promising.
As usual this government just flounders blindly around and then looks around for someone else to blame preferably FNM, when things do not work out!!
There are a lot of figures quoted above. Where are they from? $900 a ton, where can I get a bit of that action?
The company only pays the government $2 per ton. However has Mr Pinder any idea at all of the total costs of extraction? Huge plant investment, high costs of transportation and weather dependent operation. Mr Pinder throws these figures around as though the ONLY cost is the $2 per ton. Of course if he has no commercial experience then like many trade union members, he will not realise the real cost of operations
If the cost rises from $2 to $350 per ton then I suspect that the operation would move as the end users are scarcely likely to want to pay even twice as much! Also although this area is convenient, it is not the only place that can be excavated.
Like all of our leaders he is looking for a free "get out of jail card" to overcome the self induced tax burden. In the past year we have had the PM offering licenses to find sunken treasure and offshore oil drilling both things are no cost to the Bahamians and more importantly it involves no effort for Bahamians.
Just concentrate on getting people back into the workplace and realise the the way out of this is to educate the people and get them back to an honest days work for an honest days pay. It is a shame that the culture of looking for an angle or the easy way out is so intrenched nowadays.
What on earth was the minister saying? *“One of the new cruise lines with their new vessel, we understand that someone on the cruise line might have communicated that and we believe it may have to do with a lack of understanding with this destination compared to others. We understand that if that is the message it will hurt the industry.”* Can anyone translate this? How is NCL a new cruise line? Apart from this, why would anyone believe what any elected official has to say? This mite has crept around most of the Caribbean islands maybe it is not in the Bahamas because it is not in the Caribbean! Now it is now entrenched in Florida. The Bahamas brings in hundreds of landscaping palms from Florida and these bring in hitchhiking spiders and snakes how can the government guarantee that it is "mite free"?
Puzzled says...
This is extracted from Power Secure's code of Business conduct and Ethics...............
Payments to Government Personnel
The U.S. Foreign Corrupt Practices Act prohibits giving anything of value, directly or indirectly, to officials of foreign governments or foreign political candidates in order to obtain or retain business. It is strictly prohibited to make illegal payments to government officials of any country.
How on earth did they get the contract?? What is in it for the the Government unless Power Secure's statements are just smoke and mirrors.
It is great that this Government was worried about the integrity of the company!! You do not want them to be too ethical!
On Gov’t confident Power Secure to ‘make major difference’ for BEC
Posted 4 May 2015, 1:26 p.m. Suggest removal
Puzzled says...
Great idea, but it will not work. It would be very difficult for the government pigs to get their feet in the money through!
On Six engines shut down - and leave much of New Providence in darkness
Posted 26 November 2014, 6:02 p.m. Suggest removal
Puzzled says...
Everything is normally so slow at C&I that it would be difficult to notice any effect!
On ‘Very little impact’ at immigration
Posted 11 September 2014, 4 p.m. Suggest removal
Puzzled says...
I assume that Mr McWeeney got his full pay and any bonuses owing to him despite the bank results. Or I may be mistaken and in fact Mr McWeeney has hit all the targets set for him after the cookie jar has been raided.
On Bank braces for $2.4m tax impact
Posted 4 July 2014, 12:12 p.m. Suggest removal
Puzzled says...
Have any of you read of the MAJOR outage of BT in the UK. It does not matter how many competitors there are, if there is an outage on your service it does not help unless you have two services.
If the competition, as expected, are initially sharing towers and infrastructure (in order to allow the quick start up that seems to be desirable), then maybe all the carriers could be out at the same time.
If this government was really enthusiastic in giving a choice, the instructions for interested carriers would have been written and ready to be issued in April. It appears that only recently the PM appointed a committee to work with URCA to come up with the regulations that are necessary.
do not forget that the government is earning more income from its 50% ownership than it did when it had 100% ownership. I imagine that they will be loathe to give up that cash cow by allowing in efficient competition.
On 'Let rivals compete with sub-standard BTC service'
Posted 1 July 2014, 12:34 p.m. Suggest removal
Puzzled says...
Editor! You cannot publish such criticism of people and just attribute it to a "source". Who is the source and why should we believe what he/she says. After all the new CEO of CWC has told us not to believe everything that we read in the papers about the new CEO of BTC and most of what we read about him is actually attributed to a named source.
The source could be 'John'!!
On Bahamians urged: 'Pull hard for Leon's success'
Posted 12 June 2014, 5:37 p.m. Suggest removal
Puzzled says...
Oh come on PM.
The "competitive selection process that would be used by government to select the second cellular provider" and Request for Proposals (RFP) should already been in place so that the invitations could go out as soon as the deadline past if in fact the government is telling the truth about the agreement over the sale! Given their track record, this seems extremely unlikely, the probability is that the government wanted to go on receiving the income from the 49% ownership for as long as possible. After all, the governments share under the current system is much higher than it ever was when BTC was totally "Bahamian".
Preparation prior to the deadline date would have been good governance if the PM is really interested in giving the Bahamian people the choice he has been promising.
As usual this government just flounders blindly around and then looks around for someone else to blame preferably FNM, when things do not work out!!
On ‘Hands tied’ for new cellphone licence plans
Posted 29 May 2014, 12:20 p.m. Suggest removal
Puzzled says...
There are a lot of figures quoted above. Where are they from? $900 a ton, where can I get a bit of that action?
The company only pays the government $2 per ton. However has Mr Pinder any idea at all of the total costs of extraction? Huge plant investment, high costs of transportation and weather dependent operation. Mr Pinder throws these figures around as though the ONLY cost is the $2 per ton. Of course if he has no commercial experience then like many trade union members, he will not realise the real cost of operations
If the cost rises from $2 to $350 per ton then I suspect that the operation would move as the end users are scarcely likely to want to pay even twice as much! Also although this area is convenient, it is not the only place that can be excavated.
Like all of our leaders he is looking for a free "get out of jail card" to overcome the self induced tax burden. In the past year we have had the PM offering licenses to find sunken treasure and offshore oil drilling both things are no cost to the Bahamians and more importantly it involves no effort for Bahamians.
Just concentrate on getting people back into the workplace and realise the the way out of this is to educate the people and get them back to an honest days work for an honest days pay. It is a shame that the culture of looking for an angle or the easy way out is so intrenched nowadays.
On Aragonite deal 'could bring in $4.2m a year for nation'
Posted 13 May 2014, 9:59 a.m. Suggest removal
Puzzled says...
What is left to protect?
Most of it has been sold and the money shipped away to numbered accounts.
On Costa Rica shows Bahamas way on nature preservation
Posted 10 May 2014, 8:45 a.m. Suggest removal
Puzzled says...
What on earth was the minister saying?
*“One of the new cruise lines with their new vessel, we understand that someone on the cruise line might have communicated that and we believe it may have to do with a lack of understanding with this destination compared to others. We understand that if that is the message it will hurt the industry.”*
Can anyone translate this? How is NCL a new cruise line?
Apart from this, why would anyone believe what any elected official has to say?
This mite has crept around most of the Caribbean islands maybe it is not in the Bahamas because it is not in the Caribbean! Now it is now entrenched in Florida.
The Bahamas brings in hundreds of landscaping palms from Florida and these bring in hitchhiking spiders and snakes how can the government guarantee that it is "mite free"?
On Cruise line blow to Straw Market
Posted 10 May 2014, 8:41 a.m. Suggest removal