Connect with us

Bahamas News

DPM Presents Budget Issues to Grand Bahama Chamber of Commerce

Published

on

#GrandBahama, June 19, 2018 – Bahamas – The government has made provisions to empower people during this current budget period, said Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest during the Grand Bahama Chamber of Commerce Business Luncheon, June 15, at Pelican Bay.

Minister Turnquest, in explaining why the government will increase VAT from 7.5% to 12% to increase revenue, presented to Chamber members what the government faced when coming to office on May 10, 2017.  As a result of the large commitments due, the government borrowed some $1.4B to cover those expenses.  This, he said, was not the end of it, as there were other outstanding bills amounting to millions of dollars.

What previous governments have been doing is using the current budget to pay last year’s bills, and rolling it over continuously.  He said, there were a number of times he called for outstanding bills that were not brought to his attention until months later amounts to hundreds of millions of dollars and added that he has advised the staff that if it happens again, “when you bring me that next bill and it relates to the previous period, bring me your resignation the same time.”

This resulted in more bills coming, but the government will partially deal with those this year.

With a debt of $7.2B, and interest on that debt in the amount of $381M annually, which increased by $89 in the past year, the government is faced with a serious challenge.

“That $381M represents more than our National Security budget, our Health budget, or Educational budget by over $100M.  Obviously that is not sustainable.”

He continued, “For years, we have been borrowing to meet our commitments rather than trying to make government more efficient and roll back our expenditure.”

A lot of money was spent when a previous administration created programmes to employ people, he said.  The economy was slow and people were losing jobs at an alarming rate.  While the government employed some individuals, it cost a lot of money.  It is difficult to adjust government spending, continued the Deputy Prime Minister, adding that whenever someone is let go, there is the political side, and that person is in a position of having no safety net.  This results in their having to go back to the government for assistance.

“So have you really won anything? Not really because you’re taking them off of the government payroll where they are doing something and putting them on the social roll where they are only getting into mischief.  It isn’t really the answer, certainly not in the short term.”

The government went through the process of trying to cut costs without causing social upheaval and they started by looking at contract workers who had been on the payroll for the 52 week job programme, which became 104 weeks.  “There was no off ramp provided for them. They were left just as vulnerable one year later, as they were when hired.”  This, he said, is not sustainable, productive or empowering to the people.  To deal with this, the government has provided not only free education at BTVI, but established a Small Business Development Centre which will come on stream in July.

“The change is not a simple one. It is not like in the private sector who know what to do.”  He continued, “It’s not all bottom line.  You have to maintain a stable environment and recognize that these are people that you’re dealing with.  That’s a little bit different than just looking at a profit motive.  “Whatever approach you take, it has to be gentle, accommodating and it has to make provision for those being transitioned out.”

 

By: Robyn Adderley (BIS)

Photo Caption: Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest, made a presentation on the 2018/2019 Budget, currently being debated in the House of Assembly to the business community at the Grand Bahama Chamber of Commerce Business Luncheon on Friday, June 15, at Pelican Bay resort.

(BIS Photo/Lisa Davis)

 

Continue Reading

Bahamas News

Rosewood Exuma: A precedent-setting case for environmental law and future development in The Bahamas  

Published

on

By Eric Carey, ONE Consultants, former Executive Director of the Bahamas National Trust. 

We are facing an extraordinarily important moment in judicial history in The Bahamas as we await a decision on the trial of allegations in the Yntegra group’s Rosewood Exuma project.

As former Minister of the Environment, Romauld Ferreira, put it in the Supreme Court last week: “A lot is at stake…a  great deal of what will be considered in this case sets the stage for what’s to come for future development in the country.”

In the trial of the judicial review of government approvals given to Yntegra for their Rosewood Exuma resort this week, we’ve heard technical arguments about failure to make key environmental documents like Yntegra’s Environmental Impact Assessment and Environmental Management Plan available to the public, failure of key documents to assess some of the most controversial aspects of the project, an unlawful consultation process, and a failure to conduct further consultation following major changes to the development.

Lawyers for Turtlegrass described how there was a “salami slicing” of the project into chunks as a way to circumvent the approvals process and disguise its full impact from public scrutiny. Only certain portions came before the public and key stakeholders like Turtlegrass and Over Yonder Cay for scrutiny, while some of the most controversial aspects did not. This is particularly problematic given what is at stake – the dredging of a beautiful Exuma bay, the North Bay, to transform it into an industrial shipping channel, complete with an enormous seawall, dock, back-of-house facilities and other industrial infrastructure.

It is unfortunate that it has had to come to this – an expensive judicial review process that calls out the government for falling down on its duties to protect the environment and follow the law – but it is important and the broader implications should not be overlooked. When Justice Leif Farquharson rules on this case, he’ll set a precedent that could echo in The Bahamas for years to come, one that answers the question: are the 2019 environmental laws that Ferreira took to parliament after many years of advocacy by environmentalists toothless tigers that are just for decoration – or are they capable of protecting the environment that we all depend on and the rights of those affected by projects to have a genuine say in them?

What is curious is that at the same time as these points are being raised in court as part of the judicial review, we are seeing personal attacks about Bob Coughlin – the person spearheading this legal action and test of environmental laws – by online trolls. Coughlin, an Exuma resident for almost a decade, has long been established as an environmental advocate and a passionate philanthropist – one who has donated almost $4 million to causes in The Bahamas since 2018, including millions to the organisation I once led, the Bahamas National Trust.

For reasons one can only speculate about, these trolls have been trying to make out all sorts of absurd things: that his legal action in support of environmental protection is a petty dispute born out of fears of competition. That Coughlin no longer even wants to pursue his eco-tourism project, when the reality is that he was forced to put it on hold because of the destructive environmental plans that are in dispute. That he is the only one who has an issue with this Rosewood Exuma resort, when in fact, neighbouring resort, Over Yonder Cay – one of the top rated resorts in the Caribbean – as well as the Save Exuma Alliance – consisting of most of the local islands and businesses in the Exuma area, and thousands of petition signers have expressed their concern with the project – over 9,000 to date. Most ironically, they claim, wrongly, that Coughlin received crown land for personal use, when in fact it is Yntegra who received crown land while having no development track record, when Coughlin instead bought his lease on Sampson Cay from a private owner.

The timing of these claims, in the week of the trial, suggest a patronising and cynical attempt to distract from the gravity of the case being heard, what it represents, and how important this decision is. With their simplistic, jingoistic and factually-dubious references to crown land, white foreigners, and the like – it’s not hard to imagine that those involved are engaged in a ploy to push the buttons of Bahamians who they apparently believe can be too easily distracted into ignoring the real issue here: that the government, has – in the words of those in the Supreme Court this week – “run roughshod” over environmental laws with its approvals for Yntegra’s Rosewood Exuma project and that this is truly a landmark case and the decision will have a long-lasting impact on future development. This is at a time when foreign direct investment (FDI) inflows into the Bahamian economy are forecast to increase by as much as two thirds over the next two years, according to the Inter-American Development Bank (IDB).

So I call on my fellow Bahamians to stay focused. This is not a story about one man – it is a story about the future we want for our country and whether we are willing to sacrifice our ability to demand environmental accountability in all developments moving forward. There is too much at stake to be thrown off the track by trolls.

As Ferreira says of the judicial review that now awaits Justice Leif Farquharson’s judgement: “This is the first set of litigation, serious litigation, that takes a deep dive into the Environmental Planning and Protection Act and the environmental impact assessment regulations…There’s a lot at stake here.”

Continue Reading

Bahamas News

Monument Supports Hands for Hunger With Paradise Plates Debut  

Published

on

NASSAU, Bahamas — Caribbean Wines & Spirits (CWS), The Bahamas’ leading wine and spirits distributor, proudly supported Paradise Plates, Hands for Hunger annual fundraiser with a flavorful offering of its newest product, Monument Beverage Co.

Monument, which launched this July and is available across six major islands, made its Paradise Plates debut. Guests enjoyed three bold flavors: Peach Passion, Ginger-Lime and Melon Fizz as they socialized throughout the evening.

Monument brand ambassadors engaged guests with knowledge on the ready-to-drink beverage’s unique taste and look. Many attendees were delighted to learn that Monument is 100% Bahamian-made and owned and enjoyed seeing the various national landmarks on the packaging.

The booth was adorned with vibrant brand colors, striped arches, tropical florals and a photo worthy backdrop featuring Monument cans filled with florals cascading down the wall.

At the end of the event, the entire Monument inventory had finished, making Monument’s Paradise Plates debut a huge success.

For more details on Caribbean Wines & Spirits, new products and specials, visit www.cwsbahamas.com today.

Continue Reading

Bahamas News

Schweppes ‘the Art of Mixology’ Dazzles at Paradise Plates with Nemiroff Vodka

Published

on

NASSAU, Bahamas — Schweppes, in collaboration with Nemiroff Vodka dazzled guests with handcrafted cocktails during Paradise Plates, Hands for Hunger’s annual fundraiser held at Atlantis’ Imperial Ballroom.

The evenings’ theme, 70’s: Paradise Disco, inspired bold and delicious sips from Schweppes and Nemiroff.  The beautiful disco themed Schweppes booth, adorned with LED signs, lush greenery and hanging black and gold metallic orbs shined throughout the room.

Schweppes’ brand representatives and mixologists dressed in chic 70’s speakeasy attire engaged attendees throughout the night. Guests enjoyed receiving knowledge of each product and experiencing the vibrant energy of brand representatives.

Nemiroff Vodka, which is locally distributed by Caribbean Wines and Spirits (CWS), The Bahamas’ premier wines and spirits distributor; offered a unique variety of vodkas which made the perfect blend with Schweppes. Guests enjoyed, Nemiroff’s Honey Pepper, De Luxe, Burning Pear, Wild Cranberry, and Bold Orange vodkas throughout the night.

Fan favorite cocktails of the night were: the Wild Cranberry Tonic and the Bold Orange Fizz.

Following a positive response at Paradise Plates, CWS is offering Nemiroff and Schweppes specials at local liquor stores for the entire month. With the purchase of any 1-liter Nemiroff vodka, enjoy a complimentary three-pack of Schweppes mixers, to recreate the magic of Schweppes and Nemiroff.

Cara Douglas-Adderley, Senior Marketing Director for Caribbean Bottling (CBC), local producers and distributors of Coca-Cola and Dasani products and CWS shared the inspiration behind the Schweppes and Nemiroff promotion.

“We are thrilled to have paired Schweppes and Nemiroff for Paradise Plates this year, creating a premium cocktail experience for guests. After receiving such positive feedback, we wanted to extend that experience to consumers at home. Throughout October, consumers can visit their favorite watering hole, buy any 1-liter Nemiroff bottle and receive a free three-pack of Schweppes.”

Caribbean Bottling Company is proud to offer Schweppes, Coca-Cola’s premier mixer in collaboration with Caribbean Wines & Spirits and Nemiroff Vodka at Paradise Plates in support of Hands for Hunger’s mission.

For more information on CBC’s philanthropic work, new products and specials, visits www.cbcbahamas.com today.

Continue Reading

FIND US ON FACEBOOK

TRENDING