Comment history

banker says...

Actually it was Cayman's SECOND tech hub. They have two now - the economic zone and the incubator.
Hmmm ... wasn't an incubator proposed at the first GB tech summit. Wonder what happened to that? Never mind. No one was listening.

On 'Only way is up' over Bahamas business ease

Posted 20 November 2018, 11:49 a.m. Suggest removal

banker says...

Ha. Kosoy and Brown. A mountain and a molehill. A supernova and a vacuum -- and I'm just talking about ethics alone.

On Why BISX still has role to play

Posted 20 November 2018, 11:43 a.m. Suggest removal

banker says...

That pic is 20 years old.

On BISX's 20-year wait for govt debt ends

Posted 17 November 2018, 2:21 p.m. Suggest removal

banker says...

LOL. This is the same man who promised results in 6 months after the first summit, including a follow up summit that took 9 months and didn't produce anything. In two years, Malta went from nothing to a blockchain powerhouse. So far, all there is to show is one piddly tech services group and nothing else. The steering committee is steering a vehicle with no forward motion.

On 'Only way is up' over Bahamas business ease

Posted 17 November 2018, 10:24 a.m. Suggest removal

banker says...

I am now fully convinced that the Tech Hub will never get off the ground. The Steering Committee was grossly wrong in thinking that this would work. Let me explain.

The whole idea of the H-1B visa was to bring skilled foreign workers with a university degree to work in the tech industry. It was a way to bypass onerous immigration rules and get foreign technology grads working quickly.

This was all predicated on an operating, profitable, mature, bricks and mortar high tech company operating at full steam and unable to find domestic workers to fill the jobs.

What's wrong with this picture for the Bahamas? There are no operating, profitable, mature, bricks and mortar high tech company operating at full steam in Grand Bahama. To fully utilise a vehicle like this, a tech company must build a building, install the infrastructure, hire new satellite management and then recruit Indian or Pakistani programmers after they have transferred technical projects to the new Grand Bahama subsidiary. It ain't gonna happen. The operating costs are way too high, notably electricity, construction and even water.

Grand Bahama is more suited to the startup world, where one or two entrepreneurs start a company themselves. They do not have the dollars to recruit foreign workers to take advantage of this new class of Bahamian visa.

So how are tech companies solving the H-1B visa problem? Mexico. Tech giants like IBM, HP, Motorola and Google have headquarters in Mexico. There is a tech boom going on in Mexico and it is gaining by leaps and bounds.

Again, the Bahamas is a day late and a dollar short with a strategy that is deeply flawed because of plain ignorance. The irony, is that some of the speakers at the first conference had a viable strategy as a startup base. But instead, we prefer to have spectacles that are all words and no results instead of doing real things immediately.

We are doomed. And it is our fault.

banker says...

LOL ! Our lunch is already ate by the Cayman Islands and British Virgin Islands.

On Minnis to spark 2nd annual tech summit

Posted 14 November 2018, 7:36 p.m. Suggest removal

banker says...

Paging Julian Brown. The SEC wants a word with you.

On 'Useless' BISX claim 'vehemently rejected'

Posted 13 November 2018, 10:29 a.m. Suggest removal

banker says...

I wish that I believed in an eschatological afterlife where said non-breathing carbon unit would be adjudicated for his transgressions against the female gender and meted out appropriate eternal, non-temporal amercement.

On Tributes paid as Bradley Roberts laid to rest

Posted 12 November 2018, 11:15 a.m. Suggest removal

banker says...

lol @bisx Laughing stock.

On BISX briefs Rotary on capital markets' future

Posted 8 November 2018, 12:44 p.m. Suggest removal

banker says...

There was an eGovernment expert from Canada speaking at the last Grand Bahama Tech Summit. He offered to give the Bahamian government a blockchain platform and train up Bahamians to use it, support it and spread it through the government. It went nowhere, because there is no graft money in it for the ministers and government officials.
https://www.youtube.com/watch?v=dCy_k5G…