Interesting that GBPC used Bonded fuel and imports machinery bonded, but still has higher than Nassau Rates. (while operating tax free) I wonder if there are any "hidden internal taxes" levied by the Port Authority or its principals? Is "duty" paid on the portion of the fuel used for electricity provided outside of the port area? Maybe they were exempted in the separate agreement made in 1992-3 for the electrification east and west by the then Freeport Power. Hasn't that just expired? Has it been renewed? Inquiring minds would love to know....... Congratulations Polymers! way to push the issue! Just do it!
The issue they (Govt) has is no cross platform software compatibility between departments, forcing the public to run from Govt dept. to dept. collecting Certificates of good standing to get anything from any given dept. A background but critical issue is the security tiering that would have to be integral to any software platform accessibility cross departmentally,which means re-organizing the various Govt. departments themselves for general security tiering of staff. You can't have level one staff over here accessing level 5 stuff over there. The denial of service due to funds owed is an outgrowth of Government incompetence in tax collection. Should be tested in the courts.
Another ill thought out target, needs much clarification and consideration. Ziploc bags? They are single use and Insofar as food handling (not consumption) Plastic has improved the general safety from food poisoning. Plastic shopping bags? Ok they can go. Plastic garbage bags? Yard Bags? Shrink wrap? Saranwrap? Fish bags? Ice bags? All Single use. Strikes me the real problem is Bahamians not being happy unless surrounded by their own garbage. Out the car window with any and everything. How about the food and other products that come in bags? are we going to have Customs confiscating bags? We could have the food stores go back to wrapping everything is wax or brown paper I suppose.
I don't believe anyone in Grand Bahama Believes any of this, Seeing is believing most of the time. Not always. Meanwhile, G.B. Employment improved by 0.2%, I think that translates into 4 jobs..... or maybe that is counting the 10 new hires......
Royal Bank, Scotia bank have been repatriating profits for almost 200 years, and are rolling out just like any self respecting plantation owner would once the soil is done. What is more interesting to me is the first "Jamaica" devaluation move they are taking, "The issue was raised during debate on the Travelling Currency Declaration Bill 2018. The bill calls for declarations of precious stones, precious metals in the form of coins, ingots and bars or money over $10,000 to be declared to Bahamas customs during travel outside of the country." Hmmm. You can leave but you can't take your wealth with you......
"Given that we've been at this for 16 years, it's not unrealistic to achieve this objective," Yes, such a shame the Government has not seen fit to involve the private sector for that 16 (plus) years. Actually they sequestered information on this and WTO compliant Trade agreements. And now it is "all hands on deck?" More like all hands man the pumps!!
We will still be importing chicken feed steroids and all, but I hear limestone fed road side chicken tastes good! Seriously, we have been doing these Bans and restrictions for decades and only the consumer has been shortchanged.
Freeport power is anything but stable. Low speed Diesel generation without turbine spinning reserve creates fluctuating frequency, a huge issue for Motors, compressors, Sensitive electronics including servers, routers, modems, medical equipment. And then we can talk Phase angle between current and Voltage. Horrible. Uncorrected by the utility in substations per feeder/branch circuit. Freeport may not have as many power cuts as Nassau or Abaco, but make no mistake, it is garbage. How about 17 minutes advancing clock speeds per day? (actually cumulative over speed as it actually retards and advances rapidly, advancing in the aggregate.)
The Banks certainly don't care as the Bahamas is no longer the profit center it once was. Any idea the value of repatriated profits over the last 100 years? I'd love to know, as it has been draining the Bahamian Economy bucket since day one. Expatriated profits for Expatriate shareholders. Pray they don't pull out completely! Would make the lines at Commonwealth Bank Circle Nassau! Nothing would change at BoB.
The_Oracle says...
Interesting that GBPC used Bonded fuel and imports machinery bonded, but still has higher than Nassau Rates. (while operating tax free)
I wonder if there are any "hidden internal taxes" levied by the Port Authority or its principals?
Is "duty" paid on the portion of the fuel used for electricity provided outside of the port area?
Maybe they were exempted in the separate agreement made in 1992-3 for the electrification east and west by the then Freeport Power. Hasn't that just expired? Has it been renewed?
Inquiring minds would love to know.......
Congratulations Polymers! way to push the issue!
Just do it!
On Polymers urges: 'Jump onboard' with LNG first
Posted 2 February 2018, 5:48 p.m. Suggest removal
The_Oracle says...
Had to laugh tho, she sounded like she was gonna lose it and have a coronary!
They sure like their points of " privilege"
All a disgrace really.
On Hanna Martin named and suspended from the House
Posted 2 February 2018, 5:26 p.m. Suggest removal
The_Oracle says...
The issue they (Govt) has is no cross platform software compatibility between departments, forcing the public to run from Govt dept. to dept. collecting Certificates of good standing to get anything from any given dept.
A background but critical issue is the security tiering that would have to be integral to any software platform accessibility cross departmentally,which means re-organizing the various Govt. departments themselves for general security tiering of staff.
You can't have level one staff over here accessing level 5 stuff over there.
The denial of service due to funds owed is an outgrowth of Government incompetence in tax collection. Should be tested in the courts.
On Taxation 'veil piercing' endangers businesses
Posted 2 February 2018, 5:05 p.m. Suggest removal
The_Oracle says...
Another ill thought out target, needs much clarification and consideration.
Ziploc bags? They are single use and Insofar as food handling (not consumption) Plastic has improved the general safety from food poisoning. Plastic shopping bags? Ok they can go. Plastic garbage bags? Yard Bags? Shrink wrap? Saranwrap?
Fish bags? Ice bags? All Single use.
Strikes me the real problem is Bahamians not being happy unless surrounded by their own garbage. Out the car window with any and everything. How about the food and other products that come in bags? are we going to have Customs confiscating bags?
We could have the food stores go back to wrapping everything is wax or brown paper I suppose.
On End of plastic bag pollution?
Posted 28 January 2018, 9:54 p.m. Suggest removal
The_Oracle says...
I don't believe anyone in Grand Bahama Believes any of this, Seeing is believing most of the time.
Not always.
Meanwhile, G.B. Employment improved by 0.2%, I think that translates into 4 jobs.....
or maybe that is counting the 10 new hires......
On Jobs for Freeport as Omni unveils expansion
Posted 26 January 2018, 5:14 p.m. Suggest removal
The_Oracle says...
Royal Bank, Scotia bank have been repatriating profits for almost 200 years, and are rolling out just like any self respecting plantation owner would once the soil is done.
What is more interesting to me is the first "Jamaica" devaluation move they are taking,
"The issue was raised during debate on the Travelling Currency Declaration Bill 2018. The bill calls for declarations of precious stones, precious metals in the form of coins, ingots and bars or money over $10,000 to be declared to Bahamas customs during travel outside of the country." Hmmm. You can leave but you can't take your wealth with you......
On ‘Adapt as banks shut their doors’
Posted 25 January 2018, 7:24 p.m. Suggest removal
The_Oracle says...
"Given that we've been at this for 16 years, it's not unrealistic to achieve this objective,"
Yes, such a shame the Government has not seen fit to involve the private sector for that 16 (plus) years. Actually they sequestered information on this and WTO compliant Trade agreements.
And now it is "all hands on deck?" More like all hands man the pumps!!
On 'All hands must be on deck' for joining the WTO
Posted 24 January 2018, 1:36 p.m. Suggest removal
The_Oracle says...
We will still be importing chicken feed steroids and all, but I hear limestone fed road side chicken tastes good!
Seriously, we have been doing these Bans and restrictions for decades and only the consumer has been shortchanged.
On Limit on tomato and sweet pepper imports
Posted 23 January 2018, 7:32 p.m. Suggest removal
The_Oracle says...
Freeport power is anything but stable. Low speed Diesel generation without turbine spinning reserve creates fluctuating frequency, a huge issue for Motors, compressors, Sensitive electronics including servers, routers, modems, medical equipment.
And then we can talk Phase angle between current and Voltage. Horrible.
Uncorrected by the utility in substations per feeder/branch circuit.
Freeport may not have as many power cuts as Nassau or Abaco, but make no mistake, it is garbage.
How about 17 minutes advancing clock speeds per day? (actually cumulative over speed as it actually retards and advances rapidly, advancing in the aggregate.)
On PM touts Bahamas' 'reliable electricity'
Posted 23 January 2018, 6:57 p.m. Suggest removal
The_Oracle says...
The Banks certainly don't care as the Bahamas is no longer the profit center it once was.
Any idea the value of repatriated profits over the last 100 years? I'd love to know, as it has been draining the Bahamian Economy bucket since day one.
Expatriated profits for Expatriate shareholders. Pray they don't pull out completely!
Would make the lines at Commonwealth Bank Circle Nassau!
Nothing would change at BoB.
On Bank fee protesters take case to the Central Bank
Posted 23 January 2018, 4:09 p.m. Suggest removal