Banker ….Hardware retailers like Kelly's and Tops, would cry foul if CBS is allowed to operate so I think this less about their a online presence. The other day Sands beer was shut down because they started home deliveries and commonwealth brewery and other liquor merchants strongly protested because sands had permission from the office of the PM.
in addition they follow the political directorate in power and build many government buildings and clinics. The clinics may be justified because the funds come the NIB medical branch . but NIB built Customs HQ, Min of Education HQ, Paul Adderly Building, Police HQ and dorms in freeport. Min of health HG, Sandilands rehab extension, many government office complexes in the family, the leonard Thompson airport in abaco and the list goes on. Many contracts were given to political cronies and all went over budget....SAD
The entire Insurance Industry needs to suck this Covid -19 situation up and take their losses like every body else. Over the years they have cause many claimants much pain, and sorrow with sub standard payments and inflated deductible payments and they always find some find print in their contracts to justify paying less. Take this covert-19 body blow like every one It will not last forever. No industry is immune from this situation
NIB now needs to liquidate one quarter of the worthless **B**ahamas **G**vernment **R**egistered **S**tock that they have been mandated to buy from the various governments over the decades. The chickens have come home to roost. The BGRS was always worthless when they bought it and its worthless today. The government cant even afford to buy back its own stock. Hundreds of millons of dollars will be needed to satisfy the payments to the over 17,000 claimants caused by the covert-19 crisis in addition to its present monthly obligations to pensioners, maternity, sickness, death benefits and other short term claims.
This is indeed a worse case scenario, for NIB and this is a result of what happens when politicians get power and play piggy bank with quasi government corporations.and tie up two thirds of its once liquid cash in worthless paper.
A whole letter bashing the Government actions but nothing said about what the World Health Organization is recommending for this crisis...wake up Mr disbarred
I blame the local banking institutions for this situation. They have collectively refused to support the young Bahamian principles of this company. The fact that they are a new startup and has created a institution that's is a land mark in this country, along with the new innovative offerings that they brought to the local Bahamian entertainment scene and have to rely on external sources for funding shows that local Banks do not care about young entreprenueur's with ideas that has great potential to succeed.
This is what stifles the diversifications of this economy when young Bahamians come home with first world plans and The local Banks turn them away because they will not entertain their plans because it is not in the consumer loan category (car, furniture, trip to Miami, house mortgage etc )
Best of luck to the partners in this company, Your future success will serve as an example of what can be done when the established banking oligarchy in this country is shown the middle finger and young Bahamian ingenuity is allowed to change the status quo and shine. You will be an example for many to return home and develop this country.
realitycheck242 says...
Banker ….Hardware retailers like Kelly's and Tops, would cry foul if CBS is allowed to operate so I think this less about their a online presence. The other day Sands beer was shut down because they started home deliveries and commonwealth brewery and other liquor merchants strongly protested because sands had permission from the office of the PM.
On 'Frustration' over govt's silence on e-commerce plan
Posted 3 April 2020, 3:41 p.m. Suggest removal
realitycheck242 says...
Wish you luck in getting the approval …...cant go the way of Taylors Industries
On 'Frustration' over govt's silence on e-commerce plan
Posted 3 April 2020, 6:56 a.m. Suggest removal
realitycheck242 says...
in addition they follow the political directorate in power and build many government buildings and clinics. The clinics may be justified because the funds come the NIB medical branch . but NIB built Customs HQ, Min of Education HQ, Paul Adderly Building, Police HQ and dorms in freeport. Min of health HG, Sandilands rehab extension, many government office complexes in the family, the leonard Thompson airport in abaco and the list goes on. Many contracts were given to political cronies and all went over budget....SAD
On 17,000: HELP US . . . And that doesn’t include NIB claims from hotel workers
Posted 1 April 2020, 1:28 p.m. Suggest removal
realitycheck242 says...
The entire Insurance Industry needs to suck this Covid -19 situation up and take their losses like every body else. Over the years they have cause many claimants much pain, and sorrow with sub standard payments and inflated deductible payments and they always find some find print in their contracts to justify paying less. Take this covert-19 body blow like every one It will not last forever. No industry is immune from this situation
On Insurers’ anger at premiums ‘holiday’
Posted 1 April 2020, 9:52 a.m. Suggest removal
realitycheck242 says...
NIB now needs to liquidate one quarter of the worthless **B**ahamas **G**vernment **R**egistered **S**tock that they have been mandated to buy from the various governments over the decades. The chickens have come home to roost. The BGRS was always worthless when they bought it and its worthless today. The government cant even afford to buy back its own stock. Hundreds of millons of dollars will be needed to satisfy the payments to the over 17,000 claimants caused by the covert-19 crisis in addition to its present monthly obligations to pensioners, maternity, sickness, death benefits and other short term claims.
This is indeed a worse case scenario, for NIB and this is a result of what happens when politicians get power and play piggy bank with quasi government corporations.and tie up two thirds of its once liquid cash in worthless paper.
On 17,000: HELP US . . . And that doesn’t include NIB claims from hotel workers
Posted 1 April 2020, 9:12 a.m. Suggest removal
realitycheck242 says...
A whole letter bashing the Government actions but nothing said about what the World Health Organization is recommending for this crisis...wake up Mr disbarred
On More meat needed on the bone
Posted 28 March 2020, 4:56 p.m. Suggest removal
realitycheck242 says...
**Moon shine liquor will be big business in no time.** I gat to call my friends down in acklins for some cascarilla bark …...I making my own compari
On Home delivery alcohol - out of order
Posted 27 March 2020, 5:38 p.m. Suggest removal
realitycheck242 says...
Web Shops close also, I would bet he paying the web shops staff.
On Fusion: We can’t pay our staff
Posted 27 March 2020, 4:58 p.m. Suggest removal
realitycheck242 says...
I blame the local banking institutions for this situation. They have collectively refused to support the young Bahamian principles of this company. The fact that they are a new startup and has created a institution that's is a land mark in this country, along with the new innovative offerings that they brought to the local Bahamian entertainment scene and have to rely on external sources for funding shows that local Banks do not care about young entreprenueur's with ideas that has great potential to succeed.
This is what stifles the diversifications of this economy when young Bahamians come home with first world plans and The local Banks turn them away because they will not entertain their plans because it is not in the consumer loan category (car, furniture, trip to Miami, house mortgage etc )
Best of luck to the partners in this company, Your future success will serve as an example of what can be done when the established banking oligarchy in this country is shown the middle finger and young Bahamian ingenuity is allowed to change the status quo and shine. You will be an example for many to return home and develop this country.
On Fusion: We can’t pay our staff
Posted 27 March 2020, 3:03 p.m. Suggest removal
realitycheck242 says...
KPT sold his Shares in Sky Bahamas. The owner said so himself.
On Airlines - we’ll need a bailout
Posted 26 March 2020, 3:42 p.m. Suggest removal