07092021 NEWS

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Volume: 118 No.156, July 9, 2021

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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


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