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VOLUME:114 No.245, NOVEMBER 13TH, 2017

HO US E & 20 THE PEOPLE’S PAPER: $1

INSIGHT: TIME TO BE THE PM WE NEED, DR MINNIS

PAGES

Govt seeking new $800m foreign loan By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE Government is aiming to raise up to $800m via a US dollar bond to cover its deficit financing needs for the current and previous fiscal years, Tribune Business can reveal. K P Turnquest, deputy prime minister, and Marlon Johnson, the Ministry of Finance’s financial secretary, are both currently on a week-long trip through the world’s financial capitals to raise investor support for the borrowing. Both men were yesterday tight-lipped on the details of the Government’s financial plans, although Mr Turnquest effectively confirmed they were on a capital-raising mission. “No comment until the placement and pricing done. Securities rules,”

Mr Turnquest, who is also minister of finance, said in response to Tribune Business’s inquiries. Mr Johnson, who confirmed the duo were still travelling abroad, said: “We just can’t comment on anything related to that right now. We may be in a position to comment in a few days.” Well-placed Tribune Business contacts, familiar with the Government’s plans, said it was seeking $800m via the placement of a bond (a paper IOU that represents debt financing) on the global capital markets. This newspaper was informed that Royal Bank of Canada (RBC), the Government’s banker, and Deutsche Bank were acting as the advisers and placement agents for the issue. FULL STORY - SEE BUSINESS

DEPUTY Prime Minister K Peter Turnquest yesterday said he believes “there will be an improvement to the country finances” in next year’s budget cycle when members of Parliament are expected to receive pay raises. Asked if he supported the proposed raise Mr Turnquest avoided directly answering the question but said: “I support fiscal

responsibility, which cuts both ways.” When pressed for further comment, he said he believes in “balance” and “give and take and results should be rewarded.” The Minnis administration has been the target of fierce criticism since Prime Minister Dr Hubert Minnis announced two weeks ago that in the next budget he would present an increase for MPs who currently are paid $28,000 a year. SEE PAGE SIX

SUPER VALUE STAFF HELD AT GUNPOINT

By SANCHESKA DORSETT Tribune Staff Reporter sdorsett@tribunemedia.net

POLICE are on the hunt for two men who robbed a Super Value store early yesterday morning sending three female employees to the hospital for “shock”. According to Super Value owner Rupert Roberts, the incident took place shortly after 7am at the food store chain’s Nassau Street branch. Mr Roberts said employees were about to enter the store when they were approached by two masked men armed with firearms. “The men put a gun to one of the cashier’s heads and forced their way into the store,” Mr Roberts said. SEE PAGE 11

MIGRANTS ARE HUNTED AS HAITIAN SLOOP LANDS THE Royal Bahamas Defence Force (RBDF) is investigating reports of a Haitian wooden sloop landing in the southwest area of New Providence. The incident occurred sometime Saturday night or early Sunday morning, the RBDF said, adding the number of suspected migrants on board were unknown up to press time. However, the RBDF had several teams conducting a search of the surrounding areas on Sunday along with Department of Immigration officials. SEE PAGE SIX

MPs’ PAY WILL NEED ECONOMIC UPTURN By SANCHESKA DORSETT Tribune Staff Reporter sdorsett@tribunemedia.net

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MINNIS PAYS TRIBUTE TO ‘SIR ARLIE’ COMMODORE Tellis Bethel laying a wreath to mark Remembrance Day and to honour those who have fallen in service to The Bahamas. See page three for more photographs. Photo: BIS

POLICE TO TRIAL BODYCAMS By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net

ROYAL Bahamas Police Force (RBPF) is launching a programme to outfit police officers of its Mobile Division with body cameras. Police Commissioner Anthony Ferguson said the RBPF will be testing the technology for the next “several weeks”. The cost of the programme is unclear. Commissioner Ferguson

acknowledged the world. key elements, “The comsuch as how missioner has long data will be the authority to stored, will be use whatever subject to policy means is necdecisions. essary for the The move smooth and was welcomed efficient runyesterday by ning of the the Police Staff police force,” A US-style bodycam. Association, Commissioner Photo: Matt Skoufalos Ferguson told with its chairman Sergeant The Tribune. Sonny Miller saying officIn an earlier interview ers are excited to have the with ZNS over the weektechnology which is used by end, he acknowledged many other forces around SEE PAGE SIX

SPICY SHRIMP & CHICKEN COMBO

IS BACK! Nassau & Bahama Islands’ Leading Newspaper

By SANCHESKA DORSETT Tribune Staff Reporter sdorsett@tribunemedia.net

SIR Arlington Butler, the first Speaker of the House of Assembly in an independent Bahamas, died Thursday night. Sir Arlington, pictured, was admitted to Princess Margaret Hospital a little over a week ago after battling a long illness. He was 79. Prime Minister Dr Hubert Minnis released a statement on his death, SEE PAGE 13


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