business@tribunemedia.net
Tuesday, July 7, 2026
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Food retailers tell Sebas: ‘Don’t make us bad guys’ BY NEIL HARTNELL and Fay Simmons Tribune Business Reporters FOOD stores yesterday voiced fears they will be viewed as “the bad guys taking advantage of people” if Sebas Bastian’s pop-up grocery store concept is not handled properly, with one asserting: “We just hope it won’t interfere with the regular business flow.” Debra Symonette, Super Value’s president, told Tribune Business that the Fort Charlotte MP’s bid to ease cost of living pressures for his constituents via Saturday’s offering of up to 40 percent discounts on key food items needs to be perceived as a “charitable” initiative rather than a new food store entering into competition with established rivals such as her 13-store chain. Emphasising that she is not opposed to Mr Bastian’s efforts to bring relief to struggling Bahamians, and that she is “extremely happy” his constituents are getting a muchneeded “break” from high costs, the Super Value chief nevertheless warned that - by selling groceries “at cost” and deep discounts - it could give the public the incorrect, misleading impression that food store businesses are, in effect, price gouging.
OSuper Value chief: Pop-up concept needs careful handling Adds: ‘We just hope it doesn’t interfere with business flow’ Comparisons to MP’s initiative are not ‘apples for apples’ Ms Symonette told this newspapers that comparisons between food stores and Mr Bastian’s pop-up market are inappropriate as the two are not an ‘apples for apples’ or ‘oranges for oranges’ match. She explained that, unlike the minister for innovation and national development’s Saturday event, food stores are business enterprises that have to cover their costs and make a profit to keep their doors open. Food distribution retailers and wholesalers employ hundreds of Bahamians, while covering major expenses such as rent and energy, and paying multiple government taxes such as VAT, Business Licence fees, Customs duties and National Insurance Board (NIB) contributions.
Minnis: BPL fuel probe ‘exonerates’ our hedge BY NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net DR HUBERT Minnis yesterday asserted that energy regulators have “exonerated” his administration over the fuel hedging strategy it introduced during the COVID-19 pandemic after finding it generated a “net DR HUBERT benefit” for Bahamas MINNIS Power & Light (BPL) consumers. The former Killarney MP, speaking to the Utilities Regulation and Competition Authority’s (URCA) summary of the BPL fuel tariff probe, which contradicted the Davis administration by concluding the hedge produced “significant savings” in 2022, told Tribune Business: “I’m glad they came out with it. It certainly exonerates my administration as to what we thought was right. “The same thing with the National Food Distribution Task Force. The new government was accusing us of all manner of things with the food programme, and the report by the Auditor General exonerated us and spoke highly of us…. that we saved the nation from starvation.” URCA’s summary backed the former Minnis administration by asserting that BPL’s first fuel hedging strategy, implemented in 2020 during the COVID-19 pandemic when oil prices were relatively low due to subdued global demand, generated “a net benefit to BPL consumers”. This somewhat contradicts the narrative employed by Jobeth Coleby-Davis, minister of energy, utilities and aviation, during the last parliamentary term when she argued that the Minnis administration’s hedge failed
POWER - See Page B6
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NHI pay delays: Doctor minority ‘making it issue’ Deputy chair: ‘Sad part’ is delays ‘not six months, year’ But Gov’t healthcare scheme ‘owns’ late payments ‘Pressures’ should not obscure 161,000 are benefting BY NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
SEBAS BASTIAN Tribune Business was last week picking up growing concerns that Mr Bastian’s pop-up concept could undermine this model, and Ms Symonette confirmed the existence of such sentiments. “Basically, he’s offering the stuff at cost or deeply discounted prices,” she told this newspaper. “That, to me, makes it more of a charitable organisation than a business. But, in a business, we need to make a gross profit to cover our expenses. And there are a lot of expenses. “We have to cover our staff alone. Payroll is a major expense we have to cover, and we have expenses related to the Government - all the taxes we pay, VAT, Customs duties, Business Licence fees, NIB. How in the world can we possibly compete with someone offering goods at cost? If we
THE National Health Insurance (NHI) deputy chair yesterday asserted that developing a sustainable financing mechanism is “the heart of the matter” for ensuring the scheme’s longterm viability as he urged Bahamians to look beyond delayed provider payments to the bigger picture. Dr Robin Roberts told Tribune Business that the Government-funded and administered healthcare initiative is working “well beyond any expectations” as he vehemently rejected suggestions that NHI’s current financial strains, which have left it two months’ in arrears on compensating doctors and other providers, mean it is “collapsing” or
PRICING - See Page B2
Receiver imposed on Briland resort’s rental pool earnings BY NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Chief Justice has imposed a receiver over the hotel rental pool income and assets at a prominent Harbour Island resort amid an escalating dispute between the principal owner and some of its 41 condo owners. Sir Ian Winder, in a July 2, 2026, verdict confirmed his namesake, Raymond Winder, the former Deloitte & Touche
(Bahamas) managing partner, as receiver to take control of all rental revenue at Valentine’s Resort & Marina and how these monies are distributed after finding “the red flags” identified by condo unit owners appear “to have merit” at first sight. The Order comes amid an increasingly acrimonious legal battle between Lee Prosenjak, Valentine’s principal owner, and Harbour Island Villas Condominium Phase One and Two - the management
A CONVENIENCE store lost 95 percent of its daily sales due to Bahamas Power & Light’s (BPL) day-long Sunday outage while a tourism operator suffered another decline in bookings. Garfield Johnson, proprietor of Amanda’s Convenience Store, said the outage effectively wiped out an entire work day when it began shortly after 10am, forcing him to close around 12.30pm to protect temperature-sensitive inventory. “It was off for 10 hours and we open for 12 hours, so we really couldn’t do anything,” Mr Johnson said. “Nobody was coming. So it was basically a whole day lost. We lost about 95 percent of sales yesterday.” The store, which normally operates from 8am until between
that Bahamians will struggle to access essential care. Asserting that such notions are “absolutely not” true, he admits in a letter published today by Tribune Business that the NHI Authority, which oversees the healthcare initiative, is facing financial challenges. But, while acknowledging that the Authority “owns” the late payments to providers, Dr Roberts pledged that it will never default on its obligations and urged frustrated doctors and other medical professionals not to undermine public confidence in the scheme and the care it offers. He spoke out after Tribune Business recently revealed that the NHI Authority has subtly warned doctors and other
TREATMENT - See Page B6
a narrow focus on just the hotel rental pool income and associated assets plus those Valentine’s enticompanies that ties that have a operate the 41 “contractual relacondo units on tionship” with their owners’ behalf. Sir Ian’s SIR IAN WINDER Harbour Island verdict details the Villas. It appears to claims and counexclude other comter-claims flying between the ponents, such as the resort, two sides, which include allemarina and restaurants, with gations about non-payment the Chief Justice limiting Rayof rental income and due fees; unpaid bills; and disconnec- mond Winder’s role to settling tion by Bahamas Power & expenses such as utilities and Light (BPL). taxes plus the payment of However, Sir Ian’s ruling CONTROL - See Page B4 limits the receivership to
8pm and 9pm, remained closed Store loses for the remainder of the day. “After a while, we really 95% of sales couldn’t even keep the doors open because the heat started to BPL outage pouring in,” Mr Johnson said. BY ANNELIA NIXON Tribune Business Reporter anixon@tribunemedia.net
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“If I did not close up while some cool air was still in the shop, I may have lost all my candy bars and the margarines and butter, and all that may have started to melt. “If people had come and the coolers were opening and closing quite frequently, the heat would pour into the coolers. It didn’t make any sense to lose the day’s sales and lose products. You tend to know that you have about 24 hours before the stuff starts to melt. But the chocolates would have gone faster than the cuts.” Mr Johnson said he now factors outages into his annual financial planning. “I still have the inventory, and I’m here today and I try to manage,” he said. “During hurricane months, in my mind, we’re going to lose about seven days of business during June, July, August and September. That’s how I do my finances.”
IMPACT - See Page B5