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CUTTING RED TAPE TO NEW INVESTORS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
THE Bahamas must slash the time required to approve investment projects from “more than 60 days” to seven or less if it is to remain economically competitive and transform a “bureaucratic, onerous and antiquated” process. A report prepared for the COVID Economic Recovery Committee, which has been obtained by Tribune Business, calls on the Government to completely overhaul an investment approvals mechanism that “is manually intensive and lacks transparency” by converting the Bahamas Investment Authority (BIA) into an online agency
whose processes are fully digitised. Besides making the BIA more efficient, the Revamping the National Investment Policy of The Bahamas report also urges that politicians play a lesser role in the investment approvals process by reducing the National Economic Council’s (NEC) involvement with lower-value proposals that raise no “sensitive” concerns. Suggesting that only projects worth $100m or more go before the NEC, which is really the Cabinet or a Cabinet committee/ sub-committee, the report said the political directorate’s role was viewed by investors and their advisers as “non-value added and overly bureaucratic”. FULL STORY - SEE BUSINESS
‘TELL PUBLIC WHAT REALLY WENT ON WITH MINISTER’ By LYNAIRE MUNNINGS lmunnings@tribunemedia.net CONCERNED Citizens of The Bahamas have issued a 48-hour ultimatum to the government to make a public statement about what allegedly transpired between a Cabinet minister and police officer in May, insisting “further pressure will be applied” if their demand is not met. Ricardo Smith, speaking on behalf of the advocacy group, said this pressure
could mean rallying civil society and other groups to protest. He said it was also possible the group would seek international intervention should the matter continue to linger. He was referring to allegations against Transport and Housing Minister Jobeth Coleby-Davis that she allegedly assaulted a police officer with her vehicle during an exchange at the Carnival road march in May. SEE PAGE THREE
ALICIA WALLACE: YOUNGSTERS KNOW WHAT’S GOING ON
- SEE PAGE EIGHT
BAHAMIAN DIAGNOSED WITH CASE OF MALARIA By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
STEPPING OUT IN STYLE FOR INDEPENDENCE PRIME Minister Philip “Brave” Davis and his wife, Ann-Marie, at the State Reception to mark the 49th anniversary of Independence, held under the theme “Proud to be Bahamian”. The event was held at Baha Mar Convention Centre on Monday. Photo: Patrick Hanna/BIS
SACKED MANAGER FIGHTS FOR 74-MONTH PAYOFF By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
A FORMER Bahamas Power and Light (BPL) managerial union chief will today seek permission to appeal a verdict that slashed his “handsome windfall” of $621,000 in termination compensation by more than 75 percent. Ervin Dean, who was senior manager of credit and collections at the stateowned electricity monopoly
THE BAHAMAS Power and Light head office. when dismissed on September 22, 2017, will appear at the Court of Appeal seeking leave to argue before the London-based Privy Council that the original award should stand rather
than be reduced from 74 months to just 18. Legal documents, filed on June 8, 2022, reveal that Mr Dean’s appeal is based on his contention that the Court of Appeal “failed to give any weight” to evidence allegedly showing BPL “had established a practice whereby terminated managerial personnel were fully compensated for the length of their contract period”. FULL STORY - SEE BUSINESS
Nassau & Bahama Islands’ Leading Newspaper
A BAHAMIAN man who recently traveled to West Africa tested positive for malaria yesterday, according to the Ministry of Health and Wellness. The ministry described the case as “imported” and affected a man in his mid-thirties. Health Minister Dr Michael Darville told reporters last night that this is a “contained” situation. SEE PAGE THREE
OFFICER HAD TEN STITCHES AFTER HALTING BRUTAL FIGHT By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net
A HIGH-ranking police officer had to receive several stitches after he intervened in a fight involving a group of men at the Independence Junkanoo parade, National Security Minister Wayne Munroe said yesterday. SEE PAGE THREE
TECHNOLOGY BABY STARS AND DANCING GALAXIES SEE PAGE NINE