10262020 NEWS

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VOLUME:117 No.229, OCTOBER 26TH, 2020

HO US E & 12 THE PEOPLE’S PAPER: $1

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SPORTS: DODGERS ONE GAME FROM WORLD SERIES WIN PAGES CHURCHES HOLD FIRM AGAINST MARIJUANA

HELD TO RANSOM Eleuthera water firm cut off island supply in WSC debt dispute By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A CABINET minister yesterday blasted a water plant operator for “endangering the lives of Bahamians” by cutting off supply to central Eleuthera residents due to a dispute with the Water & Sewerage Corporation. Desmond Bannister, minister of works who has responsibility for the Corporation, slammed Aqua Design Bahamas for “the nastiest, most callous conduct I’ve ever seen” in deciding to cease water production at the height of the COVID-19 pandemic. Branding the company, a subsidiary of SUEZ – Water Technologies & Solutions, as “greedy” for its actions despite being paid $1.7m of the debt owed to it by the Water & Sewerage Corporation, Mr Bannister said it had made

“tens of millions of dollars off the Bahamian people” through “one-sided” contracts in its favour that were signed off by former administrations. He pledged that the Government will “do whatever we have to do”, revealing that it was taking legal advice after the Water & Sewerage Corporation was forced on Thursday night to obtain an emergency Supreme Court injunction forcing Aqua Design to resume supply after the payments proved insufficient incentive. However, Aqua Design and its parent last night revealed in a statement to Tribune Business that they plan to challenge the injunction obtained by the Water & Sewerage Corporation on the basis that “inaccurate statements” had been made to the Supreme Court to obtain it.

BAHAMAS Power & Light (BPL) is “concerned” it will be forced to pay a high price to place its $535m bond issue due to the Government’s recent borrowing, a Cabinet minister has revealed. Minister of Works Desmond Bannister, who has responsibility for BPL, told Tribune Business the utility’s board were fearful the 8.95 percent interest attached to The Bahamas’ recent $600m

DID WE LET MARITIME FORTUNES SLIP AWAY?

FULL STORY - SEE BUSINESS

BPL’S BOND MAY COME BUT AT HIGHER PRICE By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE Bahamas Christian Council does not support plans for a marijuana or a hemp industry, saying this is not the solution for the country’s woes. The body released a statement days after Prime Minister Dr Hubert Minnis announced that his administration will begin the expungement of records of those convicted of possessing small amounts of marijuana next year. Dr Minnis also said the government is reviewing the possible legalisation of the hemp industry and will update the public on this after further consultation. Last week, it was also revealed that the Economic Recovery Committee has recommended that up to two ounces of marijuana be made legal for personal use, after similar suggestions were made by the Bahamas National Commission on Marijuana. SEE PAGE SEVEN

sovereign bond will be used as a benchmark to price its own upcoming debt financing which it still aims to place before the end of this year. And, with BPL’s rate reduction bond likely to be perceived as riskier than the Government’s borrowing, the interest rate will almost certainly be greater in either the high single digit or even double digit range - leading potentially to higher electricity bills than were initially anticipated. FULL STORY - SEE BUSINESS

THE EAGLE HAS LANDED (JUST)

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

TWO passengers were taken to hospital after an American Eagle plane skidded off the runway at Grand Bahama International Airport on Saturday. See page three for the full story.

PLAYING POLITICS IN THE PULPIT By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net

PRIME Minister Dr Hubert Minnis has defended his role as competent authority amid scathing attacks from Mount Tabor pastor Bishop Neil Ellis, who earlier on Sunday raised concern about the “dangerous” amount of power vested in one man. Dr Minnis refrained from attacking Bishop Ellis and said he will not speak ill of him, but did affirm his belief in God, telling this newspaper he is a frequent church goer and a baptised

BISHOP Neil Ellis yesterday. Catholic. His comments to The Tribune came after Bishop Ellis heaped criticism on Dr Minnis, Cabinet ministers and members of

Parliament while preaching about the ego of King Nebuchadnezzar. Bishop Ellis also suggested the nation’s leader did not believe in God. His sermon was live streamed on Facebook. The bishop knocked House Speaker Halson Moultrie for complaining about “bathroom issues” in Parliament and Education Minister Jeff Lloyd for vowing not to engage with Bahamas Union of Teachers President Belinda Wilson because of her behaviour.

Nassau & Bahama Islands’ Leading Newspaper

SEE PAGE THREE

THE Bahamian people are earning nothing from foreign exploitation of this nation’s marine genetic resources that has produced over 100 “new natural products”, a report has revealed. The Inter-American Development Bank disclosed that this nation is gaining zero commercial and financial benefits from research activity it permits annually in its waters. This is despite the granting of more than 100 research permits annually, with many having resulted in patent applications being made in the US. FULL STORY - SEE BUSINESS

Insight FORGET HALLOWEEN IS NOV 1 THE DATE TO BE SCARED OF? AGE

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