*Under the “Laws and Customs” section of the Bahamas Travel Report on the Canadian government’s Foreign Affairs and International Trade website:*
*“Canadians interested in purchasing property or making other investments should seek legal advice from appropriate professionals in Canada and in the Bahamas before making commitments. Disputes arising from such activities could be prolonged and costly to resolve.”*
*This paragraph is causing grave concern to the Bahamian government and private sector players alike as they worry that the country is being characterised as a risky place to do business.*
I'm not a PLP. I don't make sh*t up nor do I lie like the PLP.
The Ocean Cay people complained to the Canadian government and the foreign affairs website, in typical diplomatic language, issued a warning, and poor Fweddie got his knickers in knots.
I also saw the warning reprinted from Industry Canada in a Canadian business magazine in an article on buying land for business ventures and subsidiaries, and I will try to find it and scan it.
Interesting tidbit in the international telecommunications arena, that CWC would be glad to divest BTC and take a bit of haircut doing it, just to get out of the Bahamas. Not pleased with the government interference in their affairs. If CWC sells, the interesting news is how the bogus 51% will be handled.
I saw this article tweeted on Twitter, advising Canadians not to buy second homes in the Bahamas. There was also a link to Ocean Cay, and the Canadian government warning about buying property in the Bahamas.
I hope that the Tribune doesn't censor it because what Emac says is true. Baltron Bethel ran the hotel corporation to the ground. He doesn't know how to use email - when he accidentally sent the Baha Mar strategy to the opposition lawyers, and he is a leech on the public purse. And yet no one cares!
I guess that their strategy of a dumb electorate is really working.
There will always be racial issues, because we Black people keep it that way. We have horrible self esteem. Why do my great aunts always comment on how light the skin is of any babies born into the family? And what is this shiite with weaves and wigs and hair straighteners and skin bleach crap? It is hilarious to see bank clerks pushing pen under the weave to scratch the itches. Why can't we be proud of who we are, and what we look like? I really like a black woman who has naturally hair, no long acrylic nails with bling pasted onto them or painted garish colours, or men without aboriginal marks and lightening zags chopped into the hairline. One of my colleagues wears neat, thin dreads with a suit and nobody cares.
The problem is twofold -- one of perception and one of reality. We have been brainwashed by mass media and culture to believe that our physical appearance is not desirable. The second reality is equality, including economic equality with whiter and yellower shades of skin pigmentation. The way that our government and society operates, is that Bahamians go to the back of the line when it comes to business, availability of capital, ownership of natural resources, and the ability to choose our own economic, financial and social destiny.
Ironically, Bahamians can achieve that elsewhere, and that is why we have a brain drain, and that is why racism is endemic.
It doesn't really matter. The financial services industry is slipsliding away, like tourism.
We need a complete overhaul of the banking system, including the transitioning to a global merchant and banking system and shedding the wealth management side of things which brings nothing but regulatory trouble.
The day of the tax haven as we knew it, is gone. We do not have the muscle to compete in this arena any longer.
Had a foreign executive explain to me why foreigners are preferred as managers in his business in lieu of Bahamian managers. Managers are expected to make the best business decisions possible. In the rest of the world, there is about six degrees of separation between anyone and anybody. In the Bahamas, there is zero degrees of separation. You can make one phone call to influence anyone. Oftentimes this lead to bad personnel decisions, bad business decisions (I een layin' off my cousin), and bad ethical decisions.
It is the same reason that we will never get rid of the Privy Council. You can get a fair shake with them, whereas you can't get a fair shake anywhere else, even the government, as Sarkis Izmerlian learned to his rue.
So, you will continue to see "foreign" is better as long as we are an insular closed society, accepting the status quo of corruption, cronyism and the cabals that govern the daily lives of ordinary Bahamians who have no choice in the matter.
A quick survey in my office, shows that Bahamians would rather work for a foreign manager, because promotions are not based on 'who you daddy is' or 'who you family is', but rather on merit and hard work.
The Chinese are transitioning from credit-intensive investment in their economy, to a consumer and services based economy, and the deceleration is going to be "bumpy". The debt load of China has to be reduced, and as a result, many projects, including Baha Mar will be left to languish. They are not going to finance the additional $600 million, and they will just hold on waiting for a potential buyer that will pay the most. They are at this point, not willing to take a financial haircut, so Baha Mar will continue to languish.
banker says...
And I quote:
http://www.caribbean360.com/business/ca…
*Under the “Laws and Customs” section of the Bahamas Travel Report on the Canadian government’s Foreign Affairs and International Trade website:*
*“Canadians interested in purchasing property or making other investments should seek legal advice from appropriate professionals in Canada and in the Bahamas before making commitments. Disputes arising from such activities could be prolonged and costly to resolve.”*
*This paragraph is causing grave concern to the Bahamian government and private sector players alike as they worry that the country is being characterised as a risky place to do business.*
I'm not a PLP. I don't make sh*t up nor do I lie like the PLP.
The Ocean Cay people complained to the Canadian government and the foreign affairs website, in typical diplomatic language, issued a warning, and poor Fweddie got his knickers in knots.
I also saw the warning reprinted from Industry Canada in a Canadian business magazine in an article on buying land for business ventures and subsidiaries, and I will try to find it and scan it.
On QC fears Freeport 2nd home ‘exodus’
Posted 12 February 2016, 7:07 p.m. Suggest removal
banker says...
Interesting tidbit in the international telecommunications arena, that CWC would be glad to divest BTC and take a bit of haircut doing it, just to get out of the Bahamas. Not pleased with the government interference in their affairs. If CWC sells, the interesting news is how the bogus 51% will be handled.
On BTC’s 9% mobile fall undermines its owner
Posted 12 February 2016, 4:08 p.m. Suggest removal
banker says...
I saw this article tweeted on Twitter, advising Canadians not to buy second homes in the Bahamas. There was also a link to Ocean Cay, and the Canadian government warning about buying property in the Bahamas.
Kiss another segment of the economy goodbye.
On QC fears Freeport 2nd home ‘exodus’
Posted 12 February 2016, 4:01 p.m. Suggest removal
banker says...
I hope that the Tribune doesn't censor it because what Emac says is true. Baltron Bethel ran the hotel corporation to the ground. He doesn't know how to use email - when he accidentally sent the Baha Mar strategy to the opposition lawyers, and he is a leech on the public purse. And yet no one cares!
I guess that their strategy of a dumb electorate is really working.
On No word on who is acting PM as Christie leaves country
Posted 11 February 2016, 3:53 p.m. Suggest removal
banker says...
Baltron Bethel ran the Hotel Corporation to the ground and he is the investment guru?
This is a comedy. He was senile back then.
More dead good news on the way. The dead part was right when mealy-mouth Christie uttered it.
On PM urged: Stop the ‘false hope’ over Baha Mar
Posted 11 February 2016, 3:33 p.m. Suggest removal
banker says...
http://tribune242.com/users/photos/2016…
Photo says it all. Disgruntled comes to mind.
On Minnis camp playing race card?
Posted 11 February 2016, 3:27 p.m. Suggest removal
banker says...
There will always be racial issues, because we Black people keep it that way. We have horrible self esteem. Why do my great aunts always comment on how light the skin is of any babies born into the family? And what is this shiite with weaves and wigs and hair straighteners and skin bleach crap? It is hilarious to see bank clerks pushing pen under the weave to scratch the itches. Why can't we be proud of who we are, and what we look like? I really like a black woman who has naturally hair, no long acrylic nails with bling pasted onto them or painted garish colours, or men without aboriginal marks and lightening zags chopped into the hairline. One of my colleagues wears neat, thin dreads with a suit and nobody cares.
The problem is twofold -- one of perception and one of reality. We have been brainwashed by mass media and culture to believe that our physical appearance is not desirable. The second reality is equality, including economic equality with whiter and yellower shades of skin pigmentation. The way that our government and society operates, is that Bahamians go to the back of the line when it comes to business, availability of capital, ownership of natural resources, and the ability to choose our own economic, financial and social destiny.
Ironically, Bahamians can achieve that elsewhere, and that is why we have a brain drain, and that is why racism is endemic.
On ‘Time to stop using the race card in politics’
Posted 11 February 2016, 11:42 a.m. Suggest removal
banker says...
It doesn't really matter. The financial services industry is slipsliding away, like tourism.
We need a complete overhaul of the banking system, including the transitioning to a global merchant and banking system and shedding the wealth management side of things which brings nothing but regulatory trouble.
The day of the tax haven as we knew it, is gone. We do not have the muscle to compete in this arena any longer.
On Financial regulatory regime gains pre-inspection boost
Posted 10 February 2016, 10:47 a.m. Suggest removal
banker says...
Had a foreign executive explain to me why foreigners are preferred as managers in his business in lieu of Bahamian managers. Managers are expected to make the best business decisions possible. In the rest of the world, there is about six degrees of separation between anyone and anybody. In the Bahamas, there is zero degrees of separation. You can make one phone call to influence anyone. Oftentimes this lead to bad personnel decisions, bad business decisions (I een layin' off my cousin), and bad ethical decisions.
It is the same reason that we will never get rid of the Privy Council. You can get a fair shake with them, whereas you can't get a fair shake anywhere else, even the government, as Sarkis Izmerlian learned to his rue.
So, you will continue to see "foreign" is better as long as we are an insular closed society, accepting the status quo of corruption, cronyism and the cabals that govern the daily lives of ordinary Bahamians who have no choice in the matter.
A quick survey in my office, shows that Bahamians would rather work for a foreign manager, because promotions are not based on 'who you daddy is' or 'who you family is', but rather on merit and hard work.
On BEC general manager leaves role, becomes advisor
Posted 10 February 2016, 10:40 a.m. Suggest removal
banker says...
Watch this video from Goldman Sachs about the deceleration of the Chinese economy:
http://www.goldmansachs.com/our-thinkin…
The Chinese are transitioning from credit-intensive investment in their economy, to a consumer and services based economy, and the deceleration is going to be "bumpy". The debt load of China has to be reduced, and as a result, many projects, including Baha Mar will be left to languish. They are not going to finance the additional $600 million, and they will just hold on waiting for a potential buyer that will pay the most. They are at this point, not willing to take a financial haircut, so Baha Mar will continue to languish.
On Bank ‘totally discredits’ PM’s Baha Mar optimism
Posted 9 February 2016, 8:56 p.m. Suggest removal