Watching the long lines at money transfer operators every day and reading this article, immediately brings several questions to mind.
Firstly, will Mr. James Smith or someone knowledgeable please expound on what amount of hard currency ex-pats repatriate monthly, the added pressure, if any, on the Bahamas foreign currency reserves being imposed by ex-pats repatriating foreign currency during this time, and any ideas on how much deepened “stress” is being imposed on the Bahamian economy by repatriations during the pandemic?
Secondly, as the Bahamas, has a 90+% consumption economy, now faces a massive foreign reserves drain without any inflows to replenish them amid the ongoing tourism industry shutdown, should we be working towards eliminating ex-pat repatriations as much as possible at least in the immediate to short terms?
Thirdly, If we have no tourists coming in spending hard currency in the economy, how will we continue to pay for and import everything we consume? As our ability to import depends on our foreign currency holdings and foreign exchange depends on non-existent tourism inflows, is it wise to allow ex-pats to continue repatriating quickly depleting, limited, foreign currency?
Lastly, exactly what indicators, barometers, or benchmarks has the government established to warn them when and if ex-pat repatriations become a threat to financial security?
Fred Mitchel and the PLP have Peter Nygard, China, and any number of "political prostitution" skeletons in their closet than we will ever know about.
Dr. Sands made a reasonable judgment call. The end result is the country is better off having additional badly needed test kits. The only important factor to be concerned about is that proper steps were followed and the country was not put at risk!
Other jurisdictions such as Barbados never closed its' borders to returning residents on private aircraft, however, they are required to self-quarantine for 14 days.
Thank you, Mr. Dudley Seide. Again, we don't see any Haitians, Latinos, or Asians begging for food and help!
Only Bahamians are catching hell and finding it hard putting food on the table, a roof over the family’s head, paying the bills is a constant challenge, and trying to survive in their own country.
This is the legacy of our former political "leaders".
Thank you, Apostle Laura Johnson Taylor. Again, we don't see any Haitians, Latinos, or Asians begging for food and help!
Only Bahamians are catching hell and finding it hard putting food on the table, a roof over the family’s head, paying the bills is a constant challenge, and trying to survive in their own country.
This is the legacy of our former political "leaders".
It seems like only Bahamians are suffering! Has anyone seen any Haitians, Asians, Latinos, or other ex-pat blue-collar workers begging for food and help?
I would like to know who the geniuses were, and what criteria they used to determine people paying over $2000.00 monthly rent were somehow insulated and not affected by the coronavirus financial fallout as everyone else is!
The PM needs to explain how he came to this discriminatory, unfair, and nonsensical conclusion.
Hopefully, the Minnis administration will not entertain China as a solution to our economic woes. We would rather suffer a few years rather than sell out to the Chinese, or anyone else!
Why are sicko gays and alphabet people determined to expose their abominable unnatural desires to the rest of us?
Everyone else is also supposed to have the freedom of sexual preference they were fighting for, not just these crazed deviants who insist on forcing their demented lifestyle on normal people.
SP says...
Watching the long lines at money transfer operators every day and reading this article, immediately brings several questions to mind.
Firstly, will Mr. James Smith or someone knowledgeable please expound on what amount of hard currency ex-pats repatriate monthly, the added pressure, if any, on the Bahamas foreign currency reserves being imposed by ex-pats repatriating foreign currency during this time, and any ideas on how much deepened “stress” is being imposed on the Bahamian economy by repatriations during the pandemic?
Secondly, as the Bahamas, has a 90+% consumption economy, now faces a massive foreign reserves drain without any inflows to replenish them amid the ongoing tourism industry shutdown, should we be working towards eliminating ex-pat repatriations as much as possible at least in the immediate to short terms?
Thirdly, If we have no tourists coming in spending hard currency in the economy, how will we continue to pay for and import everything we consume? As our ability to import depends on our foreign currency holdings and foreign exchange depends on non-existent tourism inflows, is it wise to allow ex-pats to continue repatriating quickly depleting, limited, foreign currency?
Lastly, exactly what indicators, barometers, or benchmarks has the government established to warn them when and if ex-pat repatriations become a threat to financial security?
On 'Worst ever mistake' for inflated reserves
Posted 4 May 2020, 6:34 p.m. Suggest removal
SP says...
Fred Mitchel and the PLP have Peter Nygard, China, and any number of "political prostitution" skeletons in their closet than we will ever know about.
Dr. Sands made a reasonable judgment call. The end result is the country is better off having additional badly needed test kits. The only important factor to be concerned about is that proper steps were followed and the country was not put at risk!
Other jurisdictions such as Barbados never closed its' borders to returning residents on private aircraft, however, they are required to self-quarantine for 14 days.
On Davis calls for Sands' resignation
Posted 2 May 2020, 10:40 a.m. Suggest removal
SP says...
The government can tax everyone, so why can't they help everyone as well.
On 100,000 need help with food: Aid networks’ huge challenge to support families facing crisis
Posted 1 May 2020, 5:59 p.m. Suggest removal
SP says...
Thank you, Mr. Dudley Seide. Again, we don't see any Haitians, Latinos, or Asians begging for food and help!
Only Bahamians are catching hell and finding it hard putting food on the table, a roof over the family’s head, paying the bills is a constant challenge, and trying to survive in their own country.
This is the legacy of our former political "leaders".
On 1,500 fed as hunger mounts
Posted 1 May 2020, 5:57 p.m. Suggest removal
SP says...
Thank you, Apostle Laura Johnson Taylor. Again, we don't see any Haitians, Latinos, or Asians begging for food and help!
Only Bahamians are catching hell and finding it hard putting food on the table, a roof over the family’s head, paying the bills is a constant challenge, and trying to survive in their own country.
This is the legacy of our former political "leaders".
On Home becomes help centre
Posted 1 May 2020, 5:49 p.m. Suggest removal
SP says...
It seems like only Bahamians are suffering! Has anyone seen any Haitians, Asians, Latinos, or other ex-pat blue-collar workers begging for food and help?
On 100,000 need help with food: Aid networks’ huge challenge to support families facing crisis
Posted 1 May 2020, 2:36 p.m. Suggest removal
SP says...
I would like to know who the geniuses were, and what criteria they used to determine people paying over $2000.00 monthly rent were somehow insulated and not affected by the coronavirus financial fallout as everyone else is!
The PM needs to explain how he came to this discriminatory, unfair, and nonsensical conclusion.
On Rent scheme’s 40% deferral
Posted 28 April 2020, 8:26 p.m. Suggest removal
SP says...
The Chinese are running around the world buying coronavirus stressed strategic assets.
https://www.forbes.com/sites/kenrapoza/…
Hopefully, the Minnis administration will not entertain China as a solution to our economic woes. We would rather suffer a few years rather than sell out to the Chinese, or anyone else!
On Bahamas financing need ‘close to’ $1bn
Posted 26 April 2020, 8:39 a.m. Suggest removal
SP says...
Why are sicko gays and alphabet people determined to expose their abominable unnatural desires to the rest of us?
Everyone else is also supposed to have the freedom of sexual preference they were fighting for, not just these crazed deviants who insist on forcing their demented lifestyle on normal people.
On Video messaging service interrupted by gay pornography
Posted 25 April 2020, 9:49 p.m. Suggest removal
SP says...
This is a fine example of the churches rational, or lack thereof on the marijuana issue! These people are a danger to society.
On Churches press for services to resume
Posted 24 April 2020, 3:11 p.m. Suggest removal