Why would anyone in their right minds want to open a new business in the Bahamas and invest hard earned money when it is so difficult to get anything done with the government.
But even when you get your business set up the electricity costs (3 times higher than Florida), the load shedding/generator cost and the damaged electrical equipment make it almost impossible to manufacture anything for a profit.
Lets face it, BEC will never be fixed, it is truly the Bahamas' Achilles heel. It needs a completely brand new energy efficient gas power plant and sensible management - it will cost $500 million. Then BEC needs to write-off $450 million in existing debt. Add to that another $50 million to fix the out dated electric grid for a total cost of $1 billion. It can't be raised, the country is essentially at its debt limit.
The insurance adjusters are just saying that to cut down how much they will pay out. If they can say that the loss was not caused by the hurricane then they don't have to pay out.
Try to get an insurance company to inspect your house before the hurricane. Its impossible. They just want your cheque and complain later.
Fiscal peril is unfortunately only the tip of the iceberg. Add to this:
1. Education - D national average 2. Infrastructure - BEC dysfunctional 3. Transparency and accountability in government is very poor 4. Too much government control and meddling in the economy (bec, w&s, btc, Cable/NewCo etc etc. 5. Too many hotels closed for repairs or just closed. Ocean Club, Baha Mar, Lyford Cay Club, etc. etc. 6. Zeka 7. Geriatric PLP leaders
A couple of Benjamins will get your lights on within an hour.
Don't call BEC, they don't even answer the phone and I am sure all those recorded messages you are leaving are just being ignored. They never ever call you back.
Dese foreigners ain no whats dey doin, at least my home boy tell it like it is and keep da light on. Now dey load sheddin even before dey get ma light on.
observer2 says...
Why would anyone in their right minds want to open a new business in the Bahamas and invest hard earned money when it is so difficult to get anything done with the government.
But even when you get your business set up the electricity costs (3 times higher than Florida), the load shedding/generator cost and the damaged electrical equipment make it almost impossible to manufacture anything for a profit.
Lets face it, BEC will never be fixed, it is truly the Bahamas' Achilles heel. It needs a completely brand new energy efficient gas power plant and sensible management - it will cost $500 million. Then BEC needs to write-off $450 million in existing debt. Add to that another $50 million to fix the out dated electric grid for a total cost of $1 billion. It can't be raised, the country is essentially at its debt limit.
Every day the electricity goes off.
On Bahamas taxes equal 34% of company profit
Posted 27 October 2016, 3:26 p.m. Suggest removal
observer2 says...
Even hurricane relief has been politicized.
Certainly there should be non political teams in each community to deliver hurricane relief supplies.
On Chipman disappointed leader did not tell him of relief supplies from NEMA
Posted 26 October 2016, 2:46 a.m. Suggest removal
observer2 says...
The insurance adjusters are just saying that to cut down how much they will pay out. If they can say that the loss was not caused by the hurricane then they don't have to pay out.
Try to get an insurance company to inspect your house before the hurricane. Its impossible. They just want your cheque and complain later.
On Insurer says 15% of Matthew roof loss ‘preventable’
Posted 25 October 2016, 12:42 p.m. Suggest removal
observer2 says...
We export our best and brightest and imports the dregs.
On BPL: 8,000 customers still without power supply
Posted 22 October 2016, 5:49 p.m. Suggest removal
observer2 says...
Fiscal peril is unfortunately only the tip of the iceberg. Add to this:
1. Education - D national average
2. Infrastructure - BEC dysfunctional
3. Transparency and accountability in government is very poor
4. Too much government control and meddling in the economy (bec, w&s, btc, Cable/NewCo etc etc.
5. Too many hotels closed for repairs or just closed. Ocean Club, Baha Mar, Lyford Cay Club, etc. etc.
6. Zeka
7. Geriatric PLP leaders
I could go on and on but I will stop there.
On ‘Fiscal peril’: 120 per cent debt fear after next disaster
Posted 21 October 2016, 4:38 p.m. Suggest removal
observer2 says...
A couple of Benjamins will get your lights on within an hour.
Don't call BEC, they don't even answer the phone and I am sure all those recorded messages you are leaving are just being ignored. They never ever call you back.
On Sign of the times as nursery owner makes her point on electricity
Posted 20 October 2016, 8:04 a.m. Suggest removal
observer2 says...
2 tings fa sure in da bananas, i ga stay poor, black, uneducated and live in darkness...Lord of Mercy.
On Power loss leaves bed maker dozing
Posted 19 October 2016, 7:29 p.m. Suggest removal
observer2 says...
http://tribune242.com/users/photos/2016…
Dese foreigners ain no whats dey doin, at least my home boy tell it like it is and keep da light on. Now dey load sheddin even before dey get ma light on.
Lord have mercy.
On Power loss leaves bed maker dozing
Posted 19 October 2016, 7:27 p.m. Suggest removal
observer2 says...
http://tribune242.com/users/photos/2016…
Leslie please come back. We miss you.
On Power loss leaves bed maker dozing
Posted 19 October 2016, 7:25 p.m. Suggest removal
observer2 says...
http://tribune242.com/users/photos/2016…
On BPL doubles manpower as it aims to complete restoration of power
Posted 19 October 2016, 7:23 p.m. Suggest removal