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VOLUME:115 No.182, AUGUST 15TH, 2018
THE PEOPLE’S PAPER: $1
BACK TO SCHOOL: 16-PAGE SPECIAL TODAY
BPL WIPEOUT
Resignations lead Bannister to ask ALL board to quit By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net BAHAMAS Power and Light plummeted to a state of uncertainty and chaos yesterday after the entire board of directors resigned following several months of “dysfunction” and purported infighting, stagnating the action needed to turn things around for the electricity provider. Several sources yesterday confirmed the board disintegrated following a meeting with Works Minister Desmond Bannister, who was said to have demanded the resignations after months of attempting to mediate issues with Chairwoman Darnell Osborne and other board members. In an interview with The Tribune yesterday, one
ex-board member who spoke on the condition of anonymity, said had Ms Osborne resigned long ago, the board would have had no issues in successfully carrying out its work. Under her leadership, the source claimed the board was without direction, leaving much of BPL’s critical issues unaddressed. While Mr Bannister could not be reached for comment and in the absence of an official explanation from government, Ms Osborne rejected the allegations telling The Tribune her record spoke for itself, but she would not speak to the resignations or what caused them. However, The Tribune was told three board members – vice chairman Patrick Rollins, Ferron Bethel and SEE PAGE THREE
THE government is considering an increase to the allotment for scholarships and tuition assistance in the next fiscal budget after less than 15 percent of applicants received funding for the upcoming school year, according to Education Minister Jeffrey Lloyd. Mr Lloyd told media outside Cabinet his ministry awarded grants and scholarships to 500 students but
received 3,500 applications. He lamented the burden the antiquated system placed on students and parents as the timeline was far behind requirements of most universities and visa applications. “I understand that the Bahamian people are impatient, frustrated,” he said. “So we are looking at the system, we are going to review the system because many universities have already begun. SEE PAGE SEVEN
$3 A PATIENT - TRUTH OF HOSPITAL BILLS CRISIS By AVA TURNQUEST Tribune Chief Reporter aturnquest@tribunemedia.net THE Princess Margaret Hospital’s Accident and Emergency Department collected less than $200,000 in revenue for services provided in 2017, according to Health Minister Dr Duane Sands, who said the figure amounted to an average bill of just $3 per patient. Dr Sands confirmed the Public Hospital’s Authority antiquated billing system could not track medical charges in real time, and was entirely dependent on manual records - an environment that has resulted in an estimated loss of $40m in potential insurance claims per year. SEE PAGE FIVE
CLOSURE THREAT FORCED OUR HAND By AVA TURNQUEST Tribune Chief Reporter aturnquest@tribunemedia.net
STUDENTS: JUST 1 IN 7 CHANCE OF FINANCE By AVA TURNQUEST Tribune Chief Reporter aturnquest@tribunemedia.net
L1BACK TO SCHOOL
UNIVERSAL APPEAL TWELVE ladies will be vying for the coveted title of Miss Universe Bahamas this year. They made their debut on Sunday at the National Art Gallery’s amphitheatre. The winner will walk away with a $70,000 prize package and represent the Bahamas in Thailand this December. See Friday’s Weekend section for more. Photo: Terrel W Carey/Tribune Staff
TOURISM Minister Dionisio D’Aguilar said yesterday the government was forced to act to save the Grand Lucayan hotel properties because its owner Hutchison Whampoa has been threatening to shut down the property. Mr D’Aguilar stressed the move was “the best of a bad choice” in an “emergency” situation. He told media outside Cabinet he personally discouraged such acquisitions as a former private sector professional, adding it was too early to tell whether the government’s purchase would increase tourism revenue for the island. SEE PAGE SIX
MOODY’S STILL HAS THE BLUES By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net
MOODY’s said yesterday strengthening in The Bahamas’ tourism sector and continued foreign direct investment projects will help sustain growth in the range of 1.5 to two percent over 2018-2019. Despite this, the credit ratings agency in its updated credit opinion on this nation yesterday
BAHA MAR - maintained the country’s Baa3 credit rating with a negative outlook. This outlook, it said, “reflects potential downside risks to the fiscal
consolidation process posed by weaker-than-expected growth, exposure to climate-related shocks in the form of hurricanes, and implementation risks associated with measures to rein in expenditure growth and increase revenue intake”. Moody’s’ warned that absent successful fiscal consolidation, The Bahamas’ fiscal and credit profile would likely weaken. FULL STORY - SEE BUSINESS
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ALICIA WALLACE: TIME AFTER TIME - A STORY OF NEGLECT
SEE PAGE EIGHT