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VOLUME:115 No.202, SEPTEMBER 12TH, 2018
THE PEOPLE’S PAPER: $1
ALICIA WALLACE: WHY’S SERENA HELD TO A HIGHER STANDARD?
Banks backing down on fees
MARINE’S KILLER GIVEN 27 YEARS BEHIND BARS By NICO SCAVELLA Tribune Staff Reporter nscavella@tribunemedia.net A FORMER wanted suspect has been sentenced to nearly 30 years in prison for fatally shooting a Royal Bahamas Defence Force marine at a nightclub three years ago. Justice Carolita Bethel sentenced Emmanuel Rolle to 27 years after being SEE PAGE THREE
...and tracker will be used to keep check on charges By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net SOME local clearing banks have agreed to lower various banking administrative fees and consider changes to cheque cashing procedures following discussions with the government and other officials, Labour Minister Dion Foulkes said yesterday. The Central Bank of The Bahamas and the Clearing Banks Association will also list fees consumers are likely to pay, similar to the published gas tracker, so
consumers are able to regularly compare fees across local banks. The changes are in response to consumer concerns about surmounting banking fees and come after three meetings between various representatives. Mr Foulkes explained banks had raised certain fees to recoup losses where loans were on the decline. He would not reveal specifically which banks lowered fees, but told reporters some institutions had already started to do so. SEE PAGE FIVE
Us!
‘OBAN 2’ STILL NOT AGREED FLORENCE, ISAAC AND HELENE NOW THEY DON’T LOOK HAPPY By KHRISNA RUSSELL Deputy Chief Reporter krussell@tribunemedia.net
THE government is still in good faith talks with the principals of Oban Energies over a proposed oil refinery in Grand Bahama and such discussions will continue until the Heads of Agreement can be amended to the satisfaction of the Minnis administration. Labour Minister Dion Foulkes said this much yesterday, but would not reveal whether there was
anything alarming in the draft technical report he received from a government appointed technical advisory committee. He said the final document is taking longer than he anticipated. Mr Foulkes, who co-chairs the Cabinet subcommittee and this technical advisory group, told reporters outside of Cabinet yesterday Oban officials remained committed to the $5.5bn project. SEE PAGE SIX
AN ENHANCED satellite image shows Tropical Storm Florence, upper left, in the Atlantic Ocean yesterday at 3.30pm with, centre, Tropical Storm Isaac and, right, Hurricane Helene. The US is bracing itself for the arrival of Hurricane Florence - see page 12 for more.
LUCAYAN MANAGERS: UNION BOSS ‘WAY OFF’ ON BLAZE BILL ‘MOST WANT OUT’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
A “SUBSTANTIAL number” of the Grand Lucayan’s middle management staff want to take a severance package and leave the resort, said Obie
Ferguson, the Trades Union Congress’s president, yesterday. He said “a sizeable number” of Bahamas Hotel Managerial Association members would exit if the terms were right. FULL STORY - SEE BUSINESS
BAHAMAS Power and Light CEO Whitney Heastie last night dismissed claims recent fires at the company’s Clifton Pier Plant could cost the energy provider as much as $150m. The huge price of the potential repair bill was flagged up on Monday by
Bahamas Electrical Workers Union President Paul Maynard who claimed three blazes over 72 hours had left one engine destroyed, another damaged and the building housing them “finished”. SEE PAGE TWO
BROKERS BANNED IN SECURITIES CLAMPDOWN By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
EDISON SUMNER
TWO well-known Bahamians have been barred from the securities industry for violations. Chamber of Commerce chief executive Edison
Sumner has been given a ten-year securities industry ban and $210,000 in fines. Meanwhile, Owen Bethel, of Montaque Capital Partners, has been given a lifetime ban after the firm’s $17m collapse.
FULL STORY - SEE BUSINESS
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OWEN BETHEL