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Bid to hold talks over downgrade L! ADS SEL PHOTO 351 002 / 502-2
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Govt confident over prospects for the country By SANCHESKA BROWN Tribune Staff Reporter sbrown@tribunemedia.net  MICHAEL Halkitis, State Minister for Finance, said yesterday the government will meet with representatives from ratings agencies Standard & Poor’s and Moody’s starting next week in order to “convince� the firms not to downgrade the country’s credit rating. In an interview with The Tribune, Mr Halkitis said while Moody’s seems to be “leaning in one direction,� the government will “plead its case� in hopes that the Wall Street ratings agency will see the government’s positive future prospects for the economy.
By RICARDO WELLS Tribune Staff Reporter rwells@tribunemedia.net
THE National Insurance Board has extended its operational hours to offset persisting issues with its claims process caused by deficiencies in its newly implemented V3 system, which showed performance issues in tests two months ago. SEE PAGE SIX
THE SOUND OF THE SUMMER
His comments came days after Moody’s announced it was placing the country “on review� for a potential downgrade, due to both its unexpected economic contraction and further deterioration in the government’s fiscal position. He spoke to The Tribune hours before the government released a statement on the matter, which said the government is “confident� that the impending review will show that medium-term economic prospects for the country are good, pointing to the “imminent� construction restart and opening of Baha Mar as a good growth prospect. SEE PAGE SIX
FNM: PM VIEW OF NATION’S ECONOMY IS A FAIRY TALE By KHRISNA VIRGIL Tribune Staff Reporter kvirgil@tribunemedia.net  PRIME Minister Perry Christie’s overly optimistic outlook of the economy is predicated on the upcoming 2017 general election said Free National Movement Deputy Leader Peter Turnquest, as he castigated the government for painting a “fairy tale� picture, which is in direct conflict with this country’s current state. Responding to Wall Street rating agency Moody’s recent announce-
NIB EXTENDS HOURS AMID PROBLEMS OVER PAYOUTS
ment that it was placing The Bahamas on review for a potential downgrade, Mr Turnquest said the government was facing a “significant problem�. He slammed the government for making “trumped up� projections to gain momentum and give the appearance that it had boosted the economy as campaign season approaches. The new downgrade could come within the next two months, the agency has said. SEE PAGE SIX
YOUNG drummers from Centreville Darlings perform during a Junkanoo rushout to close the opening ceremony for the Centreville Urban Renewal Summer Programme. See page two for more photographs. Photo: Shawn Hanna/Tribune Staff
FORMER ZNS REPORTER ORDERED TO PAY $15,000 IN CONTEMPT RULING By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net
FORMER ZNS reporter Sherman Brown must pay $15,000 by noon on Friday or spend a month in prison, Justice Indra Charles ruled yesterday. This came after her December ruling that Mr Brown had been found in “contumacious� contempt of court for giving
false testimony while being cross-examined for his involvement in defamatory websites and articles published against billionaire hedge fund manager Louis Bacon. Mr Bacon is a resident of the exclusive gated community of Lyford Cay. Justice Charles said Mr Brown’s case warranted a prison sentence but in her discretion she chose instead to impose a fine while giv-
ing him an opportunity to comply with the Norwich Pharmacal (NP) order that was previously made by Justice Bernard Evans. This means Mr Brown must still disclose certain documents or information related to Mr Bacon’s defamation action that is before the court. It had been argued that after Justice Charles found
of a 15ft high groyne constructed at his property. Fred Mather and Michael Grant are the first and second plaintiffs in an action filed on June 9 seeking compensation for alleged damage caused to their property as a result of accelerated erosion allegedly caused by the groyne. They are also seeking an order requiring Mr Smith
to remove it and restore the coastline to its original state. In an amended writ of summons, Mr Smith is listed as the first defendant, while his companies Smith’s Point Limited and SeSaChe Limited are listed as the second and third defendants. SEE PAGE FIVE
Bank in the Lane. FRED SMITH SUED OVER BEACH ACCESS By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net
TWO residents of Smith’s Point, Grand Bahama, have brought legal action in the Supreme Court against attorney Fred Smith, QC, who is being accused of causing environmental damage and preventing access to a portion of the beach because
SEE PAGE SEVEN
Nassau & Bahama Islands’ Leading Newspaper
MAN ACCUSED OF RAPING AMERICAN WOMAN
By SANCHESKA BROWN Tribune Staff Reporter sbrown@tribunemedia.net  POLICE arrested a man on Sunday in connection with the alleged rape of an American woman on Friday at Harbour Island. According to officers, the woman, a resident of Palm Beach, Florida reported to police on Sunday that a man known to her sexually assaulted her on a beach on Harbour Island on Friday. Police immediately began an investigation that led to the arrest of the suspect. Investigations are continuing. In January, a report by the National Task Force for Gender Based Violence revealed that The Bahamas leads the Caribbean in the number of recorded rapes. SEE PAGE THREE