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News Article
BTC vote could trigger election

If Free National Movement (FNM) MPs vote against the privatization of the Bahamas Telecomunications Company (BTC), an election would be called to allow Bahamians to decide on the matter, Prime Minister Hubert Ingraham said yesterday.
"That is our policy," Ingraham told reporters following a tour of the new treasury building on East Street yesterday.
The sale of a 51 percent stake of BTC to Cable and Wireless Communications (CWC) requires parliamentary approval.
Debate on the issue is expected to begin in the House of Assembly on Monday. At the end of debate parliamentarians will vote on whether the sale should go forward.
Over the past several months the pending sale has created much controve ...

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News Article
Davis: PM should allow free vote on BTC deal

Progressive Liberal Party (PLP) deputy leader Philip Brave Davis yesterday called on Prime Minister Hubert Ingraham to allow a free vote in Parliament on the deal to sell 51 percent of the Bahamas Telecommunications Company (BTC) to Cable and Wireless Communications (CWC).
Davis told The Nassau Guardian in an interview that the whip will be lifted for PLP members during the debate in Parliament, allowing PLPs to vote freely on the deal.
However, he added that PLPs will all still vote in opposition to the BTC sale to CWC.
“The position of the PLP parliamentary caucus is unanimous,” Davis said.
Ingraham said yesterday that if members of the Free National Movement (FNM) vote against ...

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Movie
Dinner for Schmucks
  • Genre : Comedy
  • Rating : T - 15yrs and Older

Tim (Rudd) is a rising executive who "succeeds" in finding the perfect guest, IRS employee Barry (Carell), for his boss's monthly event, a so-called "dinner for idiots," which offers certain advantages to the exec who shows up with the biggest buffoo...


News Article
What is seen and what is not seen in the case of the Bahamas Telecommunications Company (BTC)

In 1848 the French Economist Frederic Bastiat published an essay titled

"What Is Seen and What Is Not Seen" and it's very relevant to the sale of BTC by the Government of The Bahamas today.

As Rob Norton tells us in an

article for the Library of Economics and Liberty:

"...Frédéric Bastiat often distinguished in his writing between
the "seen" and the "unseen." The seen were the obvious visible
consequences of an action or policy..."

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News Article
BTC MOU to be tabled today in House of Assembly

Prime Minister Hubert Ingraham will table the memorandum of understanding (MOU) the government signed with Cable and Wireless Communications (CWC) this afternoon in the House of Assembly.
Ingraham made that announcement yesterday in the House when he tabled the final Baha Mar agreement.
The Nassau Guardian understands that yesterday the government and CWC executives were working out the final details of the agreement for the sale of 51 percent of the Bahamas Telecommunications Company (BTC).
Ingraham said he also hopes to be in a position to table other accompanying documents regarding the privatization of BTC.
The House of Assembly adjourned yesterday until 3 o’clock this afternoon.
Ingraha ...

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News Article
BTC's MOU details revealed

The closely guarded memorandum of understanding (MOU) that the government signed more than two months ago with Cable and Wireless Communications for a 51 percent share of the Bahamas Telecommunication Company reveals that the government will have to pay a fee in order to make use of CWC’s brands and intellectual property.
“BTC will receive services from Cable and Wireless’ group of companies, and likely make use of a number of brands, trademarks and intellectual property,” said Prime Minister Hubert Ingraham, who tabled the MOU?and other documents related to the sale in the House of Assembly yesterday afternoon.
“The government has negotiated with Cab ...

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Movie
Everything Must Go Poster Top 5000 Everything Must Go
  • Genre : Comedy, Drama
  • Rating : C - 18yrs and Older

When an alcoholic relapses, causing him to lose his wife and his job, he holds a yard sale on his front lawn in an attempt to start over. A new neighbor might be the key to his return to form. ...


News Article
(TV AD) Dolly Madison Midnight Madness - This Friday

 

TODAY! Nov. 26th from 8AM to Midnight at Dolly Madison Home Center, the boss is giving huge storewide

discounts

at their

annual

Midnight Madness sale!  Come on Down and get huge storewide
savings in Ace Hardware, Rooms To Go, Radio Shack, Whirlpool, Ace Paint, Lawn
& Garden, GE appliances, Christmas decorations and gifts galore. The warehouses are overflowing with new
inventory and the prices will make you feel like you're in Miami!

Head to Dolly Madison for their annual Midnight Madness Sale from NOW till midnight!

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News Article
Commerce gets 'cut ass' in Freeport

By NEIL HARTNELL

Tribune Business Editor

Customs' bonded letter renewal policies have "put a cut ass on business" in Freeport, a former Grand Bahama Chamber of Commerce president telling Tribune Business the city's construction industry having been especially heavy, with 20-40 per cent rises in materials/appliance costs ensuring "it has not restarted after Christmas".

Christoper Lowe, operations manager at Kelly's (Freeport), one of the island's major wholesalers, told this newspaper that almost every property in Freeport was built duty-free, regardless of whether duty was ultimately paid once construction was completed.

"Bahamas Customs has had the effe ...

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News Article
Car seat sales increase in GB

Freeport, Grand Bahama - One week after the enforcement of the seat belt law, local sales of child protection devices outfitted for cars have increased, a true sign that persons are adhering to the law.
Representatives from the two main distributors of car and booster seats – Kelly’s True Value and Park-N-Shop – say that sales have been going well.
Lynne Fraino, human resources and marketing manager of Kelly’s told The Freeport News yesterday that since last week they have sold at least 25 car seats.
“The sales of the child car seats have gone up within the last week or so. I have personally seen persons walking out of the store with them and we have s ...

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Movie
Underworld Awakening
  • Genre : Action, Fantasy, Horror
  • Rating : C - 18yrs and Older

When human forces discover the existence of the Vampire and Lycan clans, a war to eradicate both species commences. The vampire warrioress Selene leads the battle against humankind....


News Article
Two weeks to check BTC sale documents 'a slap in face'

By NOELLE NICOLLS

Tribune Staff Reporter

nnicolls@tribunemedia.net

TWO weeks to scrutinise "all the facts and documentation" relating to the sale of BTC to Cable and Wireless is a "slap in the face", opponents claimed last night

"Two weeks notice is after the fact. For a document you have already signed, several weeks ago, you are going to set the date for its release two weeks prior to its debate in the House of Assembly," said Terry Miller, president of Civil Society Bahamas, an umbrella body for civic organisations.

"In the absence of all the facts, what we can clearly say is that memorandums of understanding made on behalf of the people of The Bahamas should not ...

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News Article
BTC sale 'violates convention rules'

By NOELLE NICOLLS

Tribune Staff Reporter

nnicolls@tribunemedia.net

BAHAMIAN trade unions went international with their fight against the sale of BTC to Cable and Wireless, making good on threats to intensify their opposition.

In a formal complaint made to the International Labour Organisation (ILO), union leaders claim the government is in violation of Section 144 of the ILO Convention.

"Employers and workers shall be represented on an equal footing on any bodies through which consultations are undertaken," states a section of the convention on tripartite consultation between representatives of the government, employers and workers.

Bernard Evans, president of the Bahamas Com ...

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News Article
Branville McCartney resigns from FNM

Citing "personal convictions" Bamboo Town MP Branville McCartney resigned from the Free National Movement this morning, minutes after his party voted in favor of the 51 percent sale of BTC to Cable and Wireless.
McCartney, who was not present for the vote, fought his way through hundreds of shouting protesters to deliver his resignation letter to party leader Prime Minister Hubert Ingraham, who is the lead speaker on the privatization debate now taking place in the House of Assembly.
McCartney posted a short statement on his Facebook page, and sent out an e-mail via his constituency office, explaining the decision.
"Due to personal
convictions, today I have resigned from the Free National ...

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Movie
Total Recall
  • Genre : Action, Adventure, Sci-Fi, Thriller
  • Rating : T - 15yrs and Older

A factory worker, Douglas Quaid, begins to suspect that he is a spy after visiting Rekall - a company that provides its clients with implanted fake memories of a life they would like to have led - goes wrong and he finds himself on the run....


News Article
BISX chief awaiting five possible new listings

By NEIL HARTNELL

Tribune Business Editor

The Bahamas International Securities Exchange's (BISX) chief executive yesterday said the stock exchange was looking forward to a "better" 2011, with the $60 million Heineken/Burns House initial public offering (IPO) and potential sale of Bahamas Telecommunications Company (BTC) shares by the Government on the horizon, along with "three other potential listings".

Keith Davies told Tribune Business: "By the looks of things, we have a better year than this year operationally in terms of market activity, new listings. The big one is the Heineken deal, but the Government is talking about BTC also. Those have been publicised. Then t ...

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News Article
WHY YOU VEX

"I vex because I am tired of hearing about the sale of BTC. Government should let the new company form their own phone company for those who want change and those who don't want change let them be stuck with Stone Age BTC. I bet you all them rowing would be the first ones to switch over to the new phone company.

"I vex also because of the stupid times road works decides to do their work and how long they take. Should have done all that work when Shirley Street was being paved. Use your head!"

- Fed Up With
Stupidness.

"I vex because I went to go and pay my cell phone bill last week but couldn't pay it because they went on strike. But come Monday they were quick to ...

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News Article
Harcourt eyeing sale of Royal Oasis

By ALISON LOWE

Business Reporter

alowe@tribunemedia.net

Harcourt Developments, the Irish-based property development company that bought the Royal Oasis hotel in Freeport in 2007, may be in talks to sell the property, the Minister of Tourism and Aviation said yesterday.

Having announced in late 2008 that the economic climate meant it would have to postpone its redevelopment plans for the damaged hotel and former major Grand Bahama employer, Vincent Vanderpool Wallace told Tribune Business yesterday that Harcourt continues to maintain it is not in a position to move ahead with the resort.

"The last time (the Government) heard directly from them was probably about two or three months ag ...

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Movie
Arbitrage
  • Genre : Drama, Thriller
  • Rating :

A troubled hedge fund magnate desperate to complete the sale of his trading empire makes an error that forces him to turn to an unlikely person for help....


News Article
PM warns BTC staff over walking off job

By NOELLE NICOLLS

Tribune Staff Reporter

nnicolls@tribunemedia.net

IF BTC workers walk off the job, they have "no guarantee" of keeping their employment, warned Prime Minister Hubert Ingraham, in his latest comments on the BTC sale.

"The truth of the matter is that for those who are employed at BTC and elsewhere in the public sector - I wish to caution them not to follow the current plans of the president of the NCTU and BCPOU; Ms Jennifer Isaacs-Dotson and Mr Bernard Evans - because when you walk off your job, if you do, there is no guarantee that you can come back to that job - no guarantee," said Mr Ingraham, while speaking to Free National Movement supporters in Grand ...

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