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VOLUME:116 No.221, NOVEMBER 11TH, 2019

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Probe into Defence Force vessels deal Bahamas $150m contract caught in Dutch inquiry By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net THE Netherlands is investigating alleged bribery involving the Christie administration’s acquisition of nine defence force vessels in 2014 and has been receiving co-operation from local officials for its investigation since June of last year. Dutch officials suspect corruption related to the shipbuilding services this country received from Damen Shipyard Group (DSG), which is based in Gorinchem, Netherlands. The Christie

administration borrowed $149m in 2014 for DSG to build nine defence force vessels as part of its Sandy Bottom Project which aimed to enhance the capacity of the Royal Bahamas Defence Force. The Tribune understands that the Dutch investigation centres on commissions the government paid to NSG Management & Technical Services Ltd, a company based in Barbados that acted as DSG’s agent to the Bahamian and Trinidad & Tobago governments. The Bahamas paid NSG $13m in commissions

HOTEL workers were yesterday warned it would be “absolute madness” to further damage a tourism industry already “reeling” from Hurricane Dorian with industrial action during the peak winter season. Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business the last thing The

FULL STORY - SEE BUSINESS

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

SERVICING Bahamas Power & Light’s (BPL) $650m refinancing will end the “buddy-buddy system” that has enabled delinquent electricity payers to evade disconnection, a union leader is warning. Paul Maynard, The Bahamas Electrical Workers Union’s president, said that bill-ducking customers will be in for a culture shock as they will no longer be able to rely on friends, family and political connections to escape cut-off once the rate reduction bond issue is placed in January 2019. He said it was inevitable BPL will have to “tighten up and run properly”, especially when collecting the rate reduction bond fee that consumers must pay.

COLOMBIAN CIBC SALE GOES AHEAD By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

SEE PAGE FIVE

Bahamas needed was “to shoot ourselves in the foot in our number one industry” given the economy’s fragile state in the Category Five storm’s aftermath. He added that any industrial action would “throw a wrench” into a Bahamian tourism rebound that has far outpaced efforts by Caribbean rivals to recover from their own hurricane devastation.

CUSTOMERS WARNED: NO MORE SLACK ON BPL BILLS

FULL STORY - SEE BUSINESS

ANGRY HOTEL UNIONS RAISE STRIKE THREAT

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

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PRIME Minister Hubert Minnis and Governor General CA Smith at yesterday’s Remembrance Day service. More coverage - Page 10. Photo: Donavan McIntosh

THE deputy prime minister has voiced optimism that CIBC’s sale of majority control in its Bahamian and regional affiliate will be “positive” given the buyer’s reputation for innovation. Peter Turnquest said that he also hoped Colombia’s GNB Financial Group would boost competition and services within the Bahamian commercial banking industry following its imminent entry to this market. Speaking after CIBC FirstCaribbean and GNB formally confirmed that the latter is acquiring twothirds majority control, Mr Turnquest said: “I think it is a positive.” FULL STORY - SEE BUSINESS

MOURNING GOES ON FOR LOST PILOT By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net

HIS pilot’s uniform was wrapped in a frame that sat in front of the church, a reminder that he loved flying and died after a crash a year ago this month. Byron Ferguson went missing on November 8, 2018. The wound remains sore for his family who gathered at the Bethel Baptist Church alongside friends on Friday to remember his life.

MISSING: Byron Ferguson His brothers, Bjorn, Ashton and Anvon Ferguson, told stories about his zest for life

and passion for children, sports, family and flying. “From very early on, we knew Byron was going to be a pilot,” said Bjorn Ferguson, struggling to maintain composure. He said before his death Byron was enrolled at a university completing his final semester, hoping to later practice aviation law. “Every and anything that concerned planes caught Byron’s interests. Our summer

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BETTER EXAMPLES MUST BE SET FOR WOMEN IN POLITICS SEE PAGE SEVEN


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