06202022 NEWS AND SPORT

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WHAT’S THE REAL DEAL ON SUNKEN TREASURE? GOVT OPTIONS ‘LIMITED’ ON HELPING OUT GAS RETAILERS

Munroe says licence issued to exploration firm ‘unsatisfactory’ By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net NATIONAL Security Minister Wayne Munroe said the royalties the government has received to date from treasure hunters salvaging wreckages in Bahamian waters have been “unsatisfactory”. Mr Munroe, speaking at the weekly Office of the Prime Minister’s press conference, said that while there are no licenses that have been approved by the sitting Progressive Liberal

Party administration, admitted that there was one granted by the previous Free National Movement administration under Dr Hubert Minnis. He also said: “The information coming is that there was one granted under the former administration, the whole way it operates is unsatisfactory.” He continued, “It’s always unsatisfactory when somebody comes and says this is yours, without any sort of way to audit, confirm or evaluate whether what SEE PAGE TWO

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

FINANCIAL Secretary Simon Wilson yesterday said the government’s “options are limited” in providing relief sought by petroleum retailers struggling with gross margins of 10 percent or less. Mr Wilson told Tribune Business it was “not an easy fix” to the industry’s plight after both sides met again late last week to discuss the dealers’ concerns. FULL STORY - SEE BUSINESS

CLARITY NEEDED ON EMBASSY SPENDING By EARYEL BOWLEG Tribune Staff Reporter ebowleg@tribunemedia.net

THE official opposition wants to see a full report detailing money spent on furniture and decor at an ambassador’s residence in Belgium. Last week, Labour and Immigration Minister Keith Bell revealed in Parliament that more than $1m in total

had been spent. This included monthly accommodations in a Brussels hotel for ambassador Maria O’Brien at a cost of $20,000 per month, while the furniture and decor cost the government $550,000. Mr Pintard told The Tribune he found it “most unfortunate” the way that it was presented in the House. SEE PAGE FOUR

LOVE YOU, DADDY RICARDO Philip and his son, Ricardo Jr, celebrating Father’s Day yesterday. Across The Bahamas, families celebrated fathers, with churches holding special celebrations to mark the occasion. Photo: Moise Amisial

‘YOU’VE 14 DAYS TO VACATE LAND’ By PAVEL BAILEY Tribune Staff Reporter pbailey@tribunemedia.net

NATIONAL Security Minister Wayne Munroe announced a crackdown on people who break laws governing the use of Crown land, warning that they had 14 days to cease their illegal activities. Mr Munroe also stressed that there will either be civil or criminal consequences for breaking environmental laws.

NATIONAL Security Minister Wayne Munroe. After touring acres of deforested areas in a National Pine Forest ride

along in the Carmichael Road area and discovering that a family has been living illegally there in a school bus, National Security Minister Wayne Munroe publicly denounced the act in a press conference at the Office of the Prime Minister Friday. Minister Munroe said that the perpetrator of the deforestation of more than 500 acres of protected land in western New Providence was a Bahamian. SEE PAGE THREE

Nassau & Bahama Islands’ Leading Newspaper

NO OVERSEAS BORROWING NEEDED FOR COMING YEAR By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE government plans to minimise its exposure to US interest rate hikes and global economic volatility by “not going” to the international capital markets for foreign currency debt financing during the 20222023 fiscal year. FULL STORY - SEE BUSINESS

INSIGHT

HELPING CHILDREN SCARRED BY VIOLENCE SEE PAGE EIGHT


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