APD is releasing statements like these to the press to prepare share holders for reduced dividends in december. fall-off in revenues and volumes because of policies in place because of the Pandemic and companies and individuals having less cash for shipping imports will be the norm for about two years. Meanwhile Bahamians will find always find a way to get what they want, our life style continues we have evolve to online purchases using the freight forwarders for shipments. Thats the new Norm globally.
This acquisition now puts you Jamaicans on the radar. Beware the established food wholesale/distribution industry owned by the established Oligarchy do NOT like competition. you may go the way of some of the others who have tried to enter this arena because of frustration. Remember a store called "Everything must go".or "Phils Foods services ltd"
Bye Bye to the sea side drive on the SW bay Road that takes you to The Commonwealth Brewery. Look for a new deviation road like Frank Watson Highway to get you to Clifton Pier. That is what these mega gated communities do Box us in and destroy the water table. SMT
I support this view to open up to foreign direct investment (FDI) in non-traditional areas to attract more US dollars into the economy. Tourism will come back slowly but its past time this country look at eco friendly, Green economy investments. Nothing like the investment proposal in yesterdays tribune by the Morgan's Bluff Development Ltd proposal for the limestone mining at morgans bluff Andros should not be entertained by any right thinking Government.
So if this article is stealthly advocating for that development because of a promised registrar and Share transfer agent/ share offering administration contract for the above stated company, i say to the Parties involved .Destruction of the Bahamas largest remaining source of underground fresh water is not worth no amount of US dollars.
These Union leaders are looking out for their own pockets. Many Atlantis employees have new vision for their lives and want to take their lives in a new direction that involves Ownership and utilizing the many skills they have learned over the years to finally become Business owners. They simply want to get of the hotel plantation, and in some cases become employers and create real value for their families. Just give them what is due and listen for the many success stories.
The Destruction of the Bahama Islands by companies such as this proposed development must come to an end We do not want a repeat of the environmental fiasco that has taken place on Grand Bahama, that has resulted in the flooding of areas that has never flooded because of Rock and limestone mining. Just look at the miles of dead pine trees on Grand Bahama caused by the destruction of the fresh water table in many areas. The Land pirates must be stopped. The flooding in pine wood gardens is the result of this same process that the developers now proposed to do in North Andros on the Bahamas Largest and most important water resources left in this country. The Well fields must not be destroyed. Climate change is real The destruction caused by the likes of this company will speed up the day when Bahamians may become climate refugees cause by the Greed of a few. .
Good move Central Bank with the BOB commercial loan Ban , This country cannot afford a repeat of the Resolve Bahamas Commercial problematic loans portfolio or the likes of more Leslie (potcake) Miller's getting loans due their political connections.
****"So far nobody has put in any equity yet," he said. "We're supposed to put in equity. There's a strong possibility that it will be fully debt financed."****
Mr Kutman ... how can you publicly make such a statement. The Bahamian people are not fools. . The Bahamas Investment Fund and the non-profit Yes Foundation are an integral part of this port arrangement with the Bahamian people. The ordinary Bahamian must get the opportunity to purchase equity. We will not be swindled, retract that statement.
"Mr Wells, pointing out that interest payments on the Bahamian dollar debt were "at our discretion", said NAD had exercised its option not to make these payments to the likes of the National Insurance Board (NIB) and other investors until its cash flow returned. No payments have been made since June 30, and the NAD chief said they were only likely to resume "towards the end of next year" at the earliest."
No prob, just accumulate the deferred interest until you are able to resume the payments.
realitycheck242 says...
APD is releasing statements like these to the press to prepare share holders for reduced dividends in december. fall-off in revenues and volumes because of policies in place because of the Pandemic and companies and individuals having less cash for shipping imports will be the norm for about two years. Meanwhile Bahamians will find always find a way to get what they want, our life style continues we have evolve to online purchases using the freight forwarders for shipments. Thats the new Norm globally.
On Port profits off 34% amid signs of grim retail Xmas
Posted 3 November 2020, 10:38 a.m. Suggest removal
realitycheck242 says...
This acquisition now puts you Jamaicans on the radar. Beware the established food wholesale/distribution industry owned by the established Oligarchy do NOT like competition. you may go the way of some of the others who have tried to enter this arena because of frustration. Remember a store called "Everything must go".or "Phils Foods services ltd"
On Jamaican firm takes 60% of food distributor
Posted 31 October 2020, 3:34 p.m. Suggest removal
realitycheck242 says...
Bye Bye to the sea side drive on the SW bay Road that takes you to The Commonwealth Brewery. Look for a new deviation road like Frank Watson Highway to get you to Clifton Pier. That is what these mega gated communities do Box us in and destroy the water table. SMT
On Albany targeting phased South Ocean expansion
Posted 29 October 2020, 1:21 p.m. Suggest removal
realitycheck242 says...
I support this view to open up to foreign direct investment (FDI) in non-traditional areas to attract more US dollars into the economy. Tourism will come back slowly but its past time this country look at eco friendly, Green economy investments. Nothing like the investment proposal in yesterdays tribune by the Morgan's Bluff Development Ltd proposal for the limestone mining at morgans bluff Andros should not be entertained by any right thinking Government.
So if this article is stealthly advocating for that development because of a promised registrar and Share transfer agent/ share offering administration contract for the above stated company, i say to the Parties involved .Destruction of the Bahamas largest remaining source of underground fresh water is not worth no amount of US dollars.
On Stop 'dictating' FDI direction, banker warns
Posted 21 October 2020, 3:30 p.m. Suggest removal
realitycheck242 says...
You could right this ship all you want and Brave and the PLP will mess it back up if they win in 2022. Next time it may sink like BOB
On Mortgage Corp: Taxpayer bail-out is 'not an option'
Posted 21 October 2020, 2:47 p.m. Suggest removal
realitycheck242 says...
These Union leaders are looking out for their own pockets. Many Atlantis employees have new vision for their lives and want to take their lives in a new direction that involves Ownership and utilizing the many skills they have learned over the years to finally become Business owners. They simply want to get of the hotel plantation, and in some cases become employers and create real value for their families. Just give them what is due and listen for the many success stories.
On 'Hang in there', union chief tells furloughed employees
Posted 20 October 2020, 4:06 p.m. Suggest removal
realitycheck242 says...
The Destruction of the Bahama Islands by companies such as this proposed development must come to an end We do not want a repeat of the environmental fiasco that has taken place on Grand Bahama, that has resulted in the flooding of areas that has never flooded because of Rock and limestone mining. Just look at the miles of dead pine trees on Grand Bahama caused by the destruction of the fresh water table in many areas. The Land pirates must be stopped. The flooding in pine wood gardens is the result of this same process that the developers now proposed to do in North Andros on the Bahamas Largest and most important water resources left in this country. The Well fields must not be destroyed. Climate change is real The destruction caused by the likes of this company will speed up the day when Bahamians may become climate refugees cause by the Greed of a few. .
On Mining project pledges 100% local ownership
Posted 20 October 2020, 3:46 p.m. Suggest removal
realitycheck242 says...
Good move Central Bank with the BOB commercial loan Ban , This country cannot afford a repeat of the Resolve Bahamas Commercial problematic loans portfolio or the likes of more Leslie (potcake) Miller's getting loans due their political connections.
On Bank of The Bahamas hit by Central Bank’s 3-year bar
Posted 5 October 2020, 6:18 a.m. Suggest removal
realitycheck242 says...
****"So far nobody has put in any equity yet," he said. "We're supposed to put in equity. There's a strong possibility that it will be fully debt financed."****
Mr Kutman ... how can you publicly make such a statement. The Bahamian people are not fools. . The Bahamas Investment Fund and the non-profit Yes Foundation are an integral part of this port arrangement with the Bahamian people. The ordinary Bahamian must get the opportunity to purchase equity. We will not be swindled, retract that statement.
On Cruise port's $25m in 'delay draw' deal
Posted 23 September 2020, 5:54 p.m. Suggest removal
realitycheck242 says...
"Mr Wells, pointing out that interest payments on the Bahamian dollar debt were "at our discretion", said NAD had exercised its option not to make these payments to the likes of the National Insurance Board (NIB) and other investors until its cash flow returned. No payments have been made since June 30, and the NAD chief said they were only likely to resume "towards the end of next year" at the earliest."
No prob, just accumulate the deferred interest until you are able to resume the payments.
On NAD seeks waiver over $370m debt
Posted 22 September 2020, 3:37 p.m. Suggest removal