I am disappointed with Mr Komolafe's comments above. The Government does not decide on what the rating in the "National Risk Assessment" for any given sector should be. The rating is determined by a survey of agencies operating in and regulating the sector. The medium-high rating is due to insufficient training and anti-money laundering controls in the General Insurance sector - which the Insurance Commission of The Bahamas will address in due course. It is commendable that the ICB has noted this vulnerability and will address it as not doing so can result in greater reputational damage for the country - if criminals take advantage of such deficiencies in the future. This kind of outcry by Mr. Komolafe is really not called for and is very unproductive. The issue here is facing the perceived problem and taking steps to correct them - after-all a stitch in time saves nine!
The problem is that the Bahamas is currently just too BLACK. This bill is just an excuse for the FNM to brighten things up with some of their good friends who can't get away with too much non-sense in their own country. I was glad to kick the PLP out but lord knows that the next election is too far away. Just have to pray that we make it until then. what peoples time!!!
Cecile Greene was fired from Family Guardian because $3 million in profits went missing. They did not arrest her and press charges because it was discovered that her incompetence led to $3 million in FAKE profits being reported. Here we are again with BPL having millions in funds stolen because of accounting incompetence AGAIN. I can't understand why BPL hired her in the first instance but I am baffled that she has not been fired yet for this level of incompetence AGAIN.
She is Author Faulks niece, Deon Faulks cousin, the sister of Chief Justice Bernard Taylor, and a friend of Diagula !!! The more things change, the more they remain the same under the FNM!
Banker, please go back to where you're from. You are one of the low skilled under educated foreigners who can make it here because Bahamians love foreigners. BUT the truth is that you are NO BODY in your own country. Go back home!
Agreed. However, the problem here is allowing a "provision" for just "special areas", opening opportunities for shortcuts and abuse.
Immigration laws need to amended to allow for a wider class of skilled workers in general. I'm in a situation where I need specialist legal advise on a complicated financial transaction but will still not be able to get it.
Why is the legal profession still being protected?
This sounds great as long as it also allows for lawyers to be brought in. Just hope the profession of most politicians won't remain protected while everyone else face competition in this country where there is already significant unemployment.
JB, please take a walk back in history and look at headlines around when the PLP was introducing NIB. There were many predictions of doom and gloom but today many poor Bahamians would have no pension at all in old age if it was not for NIB.
Its true that NHI is a complicated and costly venture, however, lets be real - we only have 300,000 people in the Bahamas. Thats not even a decent size group in comparison to some companies in the world - many of which have far more than 300,000 employees.
The real problem is the abuse of less informed members of the public which has been allowed by companies such as Family Guardian. NHI will atleast replace home service policies for the poorest in the land. At the moment poor people pay millions of dollars every year in premiums for such policies but get practically no benefit. Its really a disgrace.
NHI will not fail because when people will sacrifice and fight for it when they come to realize what they have been missing.
evalynC says...
I am disappointed with Mr Komolafe's comments above. The Government does not decide on what the rating in the "National Risk Assessment" for any given sector should be. The rating is determined by a survey of agencies operating in and regulating the sector. The medium-high rating is due to insufficient training and anti-money laundering controls in the General Insurance sector - which the Insurance Commission of The Bahamas will address in due course. It is commendable that the ICB has noted this vulnerability and will address it as not doing so can result in greater reputational damage for the country - if criminals take advantage of such deficiencies in the future. This kind of outcry by Mr. Komolafe is really not called for and is very unproductive. The issue here is facing the perceived problem and taking steps to correct them - after-all a stitch in time saves nine!
On Bahamas ‘shooting ourselves in foot’ on insurance regulation
Posted 18 December 2017, 11:43 a.m. Suggest removal
evalynC says...
The problem is that the Bahamas is currently just too BLACK. This bill is just an excuse for the FNM to brighten things up with some of their good friends who can't get away with too much non-sense in their own country. I was glad to kick the PLP out but lord knows that the next election is too far away. Just have to pray that we make it until then. what peoples time!!!
On New job bill will ensure ‘Bahamians are priority’
Posted 23 November 2017, 12:38 p.m. Suggest removal
evalynC says...
Cecile Greene was fired from Family Guardian because $3 million in profits went missing. They did not arrest her and press charges because it was discovered that her incompetence led to $3 million in FAKE profits being reported. Here we are again with BPL having millions in funds stolen because of accounting incompetence AGAIN. I can't understand why BPL hired her in the first instance but I am baffled that she has not been fired yet for this level of incompetence AGAIN.
She is Author Faulks niece, Deon Faulks cousin, the sister of Chief Justice Bernard Taylor, and a friend of Diagula !!! The more things change, the more they remain the same under the FNM!
On BPL finance chief targeted by Board for fighting waste
Posted 10 November 2017, 3:03 p.m. Suggest removal
evalynC says...
Banker, please go back to where you're from. You are one of the low skilled under educated foreigners who can make it here because Bahamians love foreigners.
BUT the truth is that you are NO BODY in your own country. Go back home!
On Extend work permit 'fast track' to locals, Government urged
Posted 26 October 2017, 1:20 p.m. Suggest removal
evalynC says...
Agreed. However, the problem here is allowing a "provision" for just "special areas", opening opportunities for shortcuts and abuse.
Immigration laws need to amended to allow for a wider class of skilled workers in general. I'm in a situation where I need specialist legal advise on a complicated financial transaction but will still not be able to get it.
Why is the legal profession still being protected?
On Gov’t unveils ‘fast track’ work permits
Posted 20 October 2017, 4:50 p.m. Suggest removal
evalynC says...
Rubbish! Cayman is not an independent country and have little say in what the masters in London do.
The natives are second class citizens despite the 2 dollars.
On Gov’t unveils ‘fast track’ work permits
Posted 20 October 2017, 4:37 p.m. Suggest removal
evalynC says...
Rubish! Cayman is not an independent country. They don't have a say in who their British masters let in and out of the country.
And the natives are SECOND class citizens in their own country despite the couple of dollars
On Gov’t unveils ‘fast track’ work permits
Posted 20 October 2017, 4:33 p.m. Suggest removal
evalynC says...
This sounds great as long as it also allows for lawyers to be brought in. Just hope the profession of most politicians won't remain protected while everyone else face competition in this country where there is already significant unemployment.
On Gov’t unveils ‘fast track’ work permits
Posted 19 October 2017, 11:02 a.m. Suggest removal
evalynC says...
JB, please take a walk back in history and look at headlines around when the PLP was introducing NIB. There were many predictions of doom and gloom but today many poor Bahamians would have no pension at all in old age if it was not for NIB.
Its true that NHI is a complicated and costly venture, however, lets be real - we only have 300,000 people in the Bahamas. Thats not even a decent size group in comparison to some companies in the world - many of which have far more than 300,000 employees.
The real problem is the abuse of less informed members of the public which has been allowed by companies such as Family Guardian. NHI will atleast replace home service policies for the poorest in the land. At the moment poor people pay millions of dollars every year in premiums for such policies but get practically no benefit. Its really a disgrace.
NHI will not fail because when people will sacrifice and fight for it when they come to realize what they have been missing.
On NHI to fail
Posted 10 February 2016, 5:47 a.m. Suggest removal
evalynC says...
Uneducated and misguided response
On Greg Moss: NHI charging Bahamians a second time for public health care
Posted 9 February 2016, 5:39 a.m. Suggest removal