WEEKEND FRIDAY
THE
BTS MEAL HIGH 90ºF LOW 79ºF
i’m lovin’ it!
Monday,
February
CARS! CARS!
8, 2021
The Tribune Established
Being Bound To
Swear To The Dogmas
1903
Of No Master
The Tribune
Volume: 118 No.156, July 9, 2021
L A T E S T
N E W S
tise Call
To Adver
-2351
601-0007 or 502
Starting at
$33.60
CLASSIFIEDS TRADER
ed
VAT includ
Established 1903
O N
T R I B U N E 2 4 2 . C O M
Biggest And Best!
THE PEOPLE’S PAPER: PRICE–$1
TV PROVIDER FACES PROBE ON SERVICE G1INDEPENDENCE
Watchdog URCA to hold investigation into Cable Bahamas’ breakdowns By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net REGULATORS last night pledged to investigate Cable Bahamas’ TV service quality and said they were “majorly concerned” by the length and frequency of outages suffered by customers. The Utilities Regulation and Competition Authority (URCA), in announcing it has approved the restructuring of REV cable TV packages, said it was unable to ignore “recurring complaints” from Bahamians
about service interruptions and other issues. Reporting on the replies received to the REV package restructuring consultation, URCA said: “Complaints regarding Cable Bahamas’ service quality was a recurring theme in the responses. In addition to public complaints, URCA is aware of persistent and wide-scale service interruptions in the form of error messages consistently appearing on screen, regular service outages at 2am, pixelated channels and other issues.” FULL STORY - SEE BUSINESS
THE Ministry of Finance’s top official yesterday voiced optimism that the Government’s $1.851bn borrowing this fiscal year will come at a lower cost to the Bahamian people based on “market soundings”. Marlon Johnson, acting financial secretary, told Tribune Business that yield curves on existing government debt were already falling to levels more in line
with historical trends as investor sentiment towards The Bahamas improves with the economy’s “reflating”. He added that the Government was also moving to “rebalance” its debt financing during the 2021-2022 fiscal year, with 51.8 percent ($959.2m) of its needs slated to come from foreign currency and the remaining 48.2 percent or $892.4m sourced in the local capital markets. FULL STORY - SEE BUSINESS
By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net AMID growing social unrest in Haiti following the assassination of Haitian President Jovenel Moise, local law enforcement officials plan to deploy additional vessels out at sea to prevent “any potential mass migration” of Haitian nationals to the Bahamas. “The Royal Bahamas Defence has taken the position to strengthen our strategic posture in the southeastern Bahamas,” Royal Bahamas Defence Force Commodore Raymond King told The Tribune yesterday. SEE PAGE THREE
THE NEXT EDITION OF THE TRIBUNE WILL BE ON TUESDAY AFTER THE HOLIDAY FOR INDEPENDENCE
‘WE’LL GET FAVOURABLE RATES ON $1.8BN LOANS’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
RBDF TO DEPLOY EXTRA VESSELS
INSIDE: Your great 20-page supplement in today’s Tribune as the country prepares to celebrate the 48th anniversary of Independence.
ARTISTS TO STAGE INDEPENDENCE SHOWCASE By EARYEL BOWLEG Tribune Staff Reporter ebowleg@tribunemedia.net
AFTER some backlash, officials have scheduled a two-day event at the end of the month to showcase performances by local artists in celebration of the country’s independence, Minister of Youth, Sports and Culture Minister Iram Lewis announced yesterday. The event will take place on July 30 and 31 and will involve 48 artists in
IRAM Lewis at a press conference yesterday. recognition of the country’s 48 years of independence.
This comes after some Bahamian artists expressed displeasure over this year’s Independence Day celebration leaving out a mixture of top local secular acts in favour of a Christian theme. They also complained the songs scheduled to be used in the event were not locally written or produced. At a press conference yesterday, Mr Lewis said the upcoming event will be live-streamed for viewers. SEE PAGE FOUR
Nassau & Bahama Islands’ Leading Newspaper
CURFEWS HITTING BIMINI’S ECONOMY By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A PROMINENT Bimini dive operator yesterday revealed significant cancellations as a result of newly-imposed COVID restrictions, which he branded “a bummer” for hopes of an economic “shot in the arm”. Neal Watson, owner of Neal Watson’s Bimini Scuba Centre, told Tribune Business he may have lost some $10,000 worth of business over the next two weeks as a result of Crystal Cruises cancelling planned stops at the island in response to the recent spike in COVID-19 cases. FULL STORY - SEE BUSINESS