business@tribunemedia.net
TUESDAY, AUGUST 8, 2023
$5.70
$5.75
ArawakX ‘still operating’ despite eviction notice By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net ARAWAK X is still operating despite an eviction notice on their doors in their Sandy Port offices, its chief executive said. The crowdfunding platform has instead moved to its own building off Joe Farrington Road, with the company attributing the payment delay to legal issues being ironed out with one of its financiers. CEO D’Arcy Rahming Sr told Tribune Business that despite the notice on the door, the company has not been evicted, but made the decision to operate in a building it owns rather than incurring more costs at its Sandy Port Investor Education Centre. Mr Rahming was responding to Tribune Business queries on an eviction notice from the Sandy Port Development Company circulating on social media that was
t $IJFG FYFDVUJWF TBZT DPNQBOZ PQFSBUJOH GSPN CVJMEJOH JU PXOT t 4BZT QBZNFOUT GFMM CFIJOE EVF UP MFHBM XSBOHMF T FGGFDU PO GVOET t /PUJDF XBT QPTUFE UP EPPS TBZJOH MBOEMPSE IBE DIBOHFE UIF MPDLT EVICTION notice posted outside Arawak X office. posted on the crowdfunding platform’s doors. The letter, which was undated, said: “Notice to Tenant: The Landlord has changed the locks, do not enter the premise. We hereby serve notice that the tenant is in default of the lease, and we request that you cure the default. Sandy Port Development Company.”
SEE PAGE B2
Marijuana legislation ‘is not all-inclusive’ By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net THE LEGALISATION of marijuana is “just a game” for the politicians, a prominent cannabis proponent said as he raises concerns that the consultation process is not all-inclusive. Terry Miller, chairman of the non-profit Bahamas Cannabis Research Institute (BACARI), told
TERRY MILLER
Tribune Business he has not been contacted by anyone from the government on the proposed marijuana legislation despite having been at the forefront of the debate for several years. Mr Miller said: “There should be a massive education campaign going on right now. This is just a game for them. They don’t have the full picture, they only have half of the picture.”
Keishla Adderley, deputy press secretary, said at a press conference that the marijuana consultations will begin this month, but is unsure when the bills may make it to parliament for debate. Mr Miller said: “How do we put in place protective mechanisms now? I don’t think they are even thinking about it. That’s what happened with prohibition, one day it was illegal
SEE PAGE B5
No worry over electric as gas car sales ‘booming’ By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net
BEN ALBURY
THE Bahamas Motor Dealers Association’s (BMDA) president said he is not worried about electric car sales in the country rising because gasoline car sales are “booming”. Ben Albury, told Tribune Business electric
vehicles still make up only a small percentage of the vehicle market and the overwhelmingly large sales in the market are still gasoline and diesel engine vehicles. “My business is booming right now,” Mr Albury told this newspaper. “Electric vehicles still make up a very small percentage of the total vehicle sold in the market. If I was at my
desk, I could have given you the exact percentage, but I think they’re actually a couple points down below where they were last year.” The Bahamas Bus and Truck dealership owner said: “Dealers have been up quite a bit over the last year. Things seems to be
SEE PAGE B5
$5.80
$5.71
BCA trustee says lack of foundation causing Wartsila vibration problems By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net THE BAHAMAS Power & Light chief executive officer was right on inadequate facilities for Wartsila generators at the Clifton Pier station, a Bahamian Contractors Association (BCA) trustee has said. Debbie Deal told Tribune Business that it was “common knowledge” the facilities at the Clifton Pier station were inadequate for the Wartsila generators purchased by the previous administration. Ms Deal, responding to comments by BPL CEO Shavon Cambridge that former BPL officials “may have cut some corners” in getting the power company’s Station A plant at Clifton Pier online, added “when they ordered them, they never prepared a new foundation. The station was there for a long time and the vibration had already done a lot of damage to it. The generators that were coming in were much heavier”. The vibration made by the Wartsila generators
DEBBIE DEAL could often be felt a quarter mile from the Clifton Pier station. She said: “The chillers and the wells they had for the cooling were only six inches and they were supposed to be at least ten inches for these new engines. They didn’t upgrade that so there isn’t enough water to chill the engines.” Mr Cambridge said ‘the use of a singular auxiliary system and the reuse of the old, already compromised borehole cooling system at the original Station A caused an appreciable decline in outputs from the engines”. In addition, it is claimed the Clifton Pier Station A is
SEE PAGE B2