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VOLUME:115 No.112, MAY 3RD, 2018

OBITS OFFICIA

CLASSIFIED TRADER: CARS, CARS, CARS & MORE CARS

INSIDE

Signed and sealed Freeport jobs boost ‘WE COULD HAVE BUILT IT’

New law lures $50m tech hub from New York By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Government’s mission to establish a Grand Bahama “technology hub” yesterday received a major boost from an investor pledging an annual $50m economic impact by 2020. GIBC Digital, a New York-headquartered technology firm, unveiled ambitions to triple its initial Freeport workforce to 150 staff within three years following the planned opening of its office this month.

The seven year-old company, in a press statement, said its initial $2.5m investment would result in 50 jobs at an office that will serve as both GIBC Digital’s global training headquarters and a data/artificial intelligence centre. And its chief executive, Greg Wood, suggested The Bahamas could become “the Silicon Valley of the Caribbean” within ten years if it pursued its technology hub ambitions through to fruition. FULL STORY - SEE BUSINESS

THE Minnis administration is not in the business of “moving away from fully capable officers” within the prison system, according to National Security Minister Marvin Dames who yesterday pushed back against social media claims that dozens of contracted officers were facing terminations in the coming weeks.

In an interview with The Tribune yesterday, Mr Dames said such assertions were “misguided” and “not based in truth”. The Mount Moriah MP insisted plans are in the works - as is the case every year - to review the performance of officers on post-retirement contracts. This is a process Mr Dames said was consistent with traditional practices. SEE PAGE SIX

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OVER-THE-HILL - BUT A THIRD UNDER THE WIRE By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net

ONLY 30 per cent of businesses in Over-the-Hill communities operate within the formal economy, a hurdle for owners that may seek to benefit from the government’s rejuvenation plan for the area, Financial Secretary Marlon Johnson indicated during a town hall event last night. The town hall was the first since the government released a white paper outlining its plan to rejuvenate the communities. The distinctive prominence of the informal economy in the Over-the-Hill communities is highlighted by the fact that overall, 70 per cent of businesses in The Bahamas exist within the formal sector, according to 2012 Inter-American Development Bank (IDB) study. Mr Johnson said: “Although (Over-the-Hill SEE PAGE FIVE

TURNQUEST: WE’RE HITTING OUR NUMBERS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

DAMES: CLAIMS OF SACKING PRISON OFFICERS ‘MISGUIDED’

By RICARDO WELLS Tribune Staff Reporter rwells@tribunemedia.net

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BAHAMAS Contractors Association president Leonard Sands has insisted that a Bahamian company could have built The Pointe development, pictured under construction. See page nine for the full story.

POLICE SLAPPING - ROUND TWO By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net

ANOTHER viral video of a police officer’s physical attack on a person has prompted criticism across social media. In a one minute clip posted online yesterday, a police officer strikes a man in the face at least twice. The video is blurry but the man did not appear to be resisting arrest. The caption on the video posted to a Facebook page said: “Two police officers were caught on camera moments ago, beating down a young

A BODY camera being worn by a Bahamian police officer. The RBPF has been increasing the use of body cameras, but it is not known if they were in use in either of the two incidents involving officers slapping people. man in public. He was even beaten more as his friends watched because he began

crying from getting slapped.” At one point in the video, an officer in a khaki police uniform can be heard asking the man, “What you crying for?” He then struck him in the face again. The video has since been shared hundreds of times on Facebook. One user said: “They need to fire all them.” Another said: “The way some of y’all police act, y’all act as if y’all don’t have family and loved ones and y’all ain’ want them to be treated the way y’all treat people family (sic)…” SEE PAGE THREE

Nassau & Bahama Islands’ Leading Newspaper

THE Deputy Prime Minister yesterday said the Government is “not resting on our laurels” over a “stubbornly” high fiscal deficit, despite forecasts it is on track to hit its 2017-2018 fiscal targets. K P Turnquest told Tribune Business that despite Central Bank data showing key revenue and spending indicators were largely on plan with two-thirds of the fiscal year gone, the Government faced a continual “balancing act” between competing demands. With the $224.7m deficit for the eight months to endFebruary 2018 equivalent to 70 per cent of the fullyear goal, Mr Turnquest said the fiscal performance to date was “too close” for himself and the Ministry of Finance to rest easily. FULL STORY - SEE BUSINESS

AND THE AWARD FOR THE DUMBEST PLAN GOES TO...

SEE PAGE EIGHT


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