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The Tribune
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Volume: 121 No.190, August 28, 2024
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PINTARD: GBPA FUND CLAIM IS NONSENSE FNM leader says port has funded both major parties By RASHAD ROLLE and EARYEL BOWLEG Tribune Staff AFTER Prime Minister Philip “Brave” Davis challenged Michael Pintard to confirm or deny whether he received financial contributions from the Grand Bahama Port Authority, Mr Pintard said both major political parties have
received donations from the authority for decades. “From the days of Pindling, both organisations have received primarily in election periods, contributions from the Grand Bahama Port Authority, and principally the Progressive Liberal Party,” he said. “Ingraham himself SEE PAGE THREE
MINNIS DEMANDS IPO FOR BPL GRID COMPANY By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net AN ex-prime minister yesterday demanded the Government revamp its New Providence electricity grid reforms by allowing “average” Bahamian investors to directly participate via an initial public offering (IPO).
Dr Hubert Minnis said that the way in which Bahamas Grid Company is financially structured sends the message that Bahamians “are only good enough to pay the light bill” by excluding individuals from being able to acquire and hold shares themselves in this entity. FULL STORY - SEE BUSINESS
A FIRE destroyed a storage building at Sapodilla Estates, the home of Sapodilla restaurant, yesterday. Photo: Dante Carrer/Tribune Staff
Fire destroys storage building at Sapodilla Estates on West Bay St By KEILE CAMPBELL Tribune Staff Reporter kcampbell@tribunemedia.net A FIRE destroyed a storage building at Sapodilla Estates, the home of Sapodilla restaurant,
yesterday. Superintendent Quincy McGregor said that before the fire was extinguished, it destroyed the interior of the wooden structure, the roof foundation, and certain walls.
He said the building was under construction, with scaffolding there. Sapodilla’s management committed to rebuilding the structure “as soon as SEE PAGE TWO
Brewery Blames ‘tax crackdown’ for shortfall
NEIL HARTNELL ‘$290m hospital won’t address healthcare issues’ By Tribune Business Editor nhartnell@tribunemedia.net By JADE RUSSELL Tribune Staff Reporter jrussell@tribunemedia.net FREE National Movement (FNM) chairman Dr Duane Sands said the Davis administration is wrong for creating the appearance that the proposed $290m hospital in New Providence will resolve the island’s healthcare issues, calling it an “ostentatious promise”.
FNM chairman Sands
Dr
Duane
Health and Wellness Dr Michael Darville confirmed his ministry had received approval from the Ministry of Environment to proceed with the hospital’s construction. Dr Sands said yesterday: “They are going to build this hospital, and they are going to claim that anybody that says anything against
KALIK’S manufacturer has blamed a near-two percent revenue slump during the 2024 first half on a government tax crackdown that disrupted “normal purchases” by some of its largest customers, and lead to a reversal of the revenue growth over the first five months.
SEE PAGE FIVE
FULL STORY - SEE BUSINESS
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