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DAVIS AGREED RAISING REDUNDANCY CEILING Deal with unions included doubling layoff payouts - and promise of land for new HQs By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net PRIVATE sector representatives yesterday warned the Progressive Liberal Party’s deal with the two umbrella trade unions threatens to “bankrupt companies” if fully enacted post-general election. Peter Goudie, the Bahamas Chamber of Commerce and Employers Confederation’s labour division chief, said that the pledge to double the redundancy pay ceiling from 12
to 24 months could inflict an “astronomical” cost on struggling businesses at a time when the country was reeling from its worst-ever economic and fiscal crisis. He spoke out after this newspaper obtained a copy of the pact between the PLP and two umbrella union bodies, the Trades Union Congress and National Congress of Trades Unions of The Bahamas, which revealed the extent of the Opposition party’s labourfriendly law and policy reform promises. FULL STORY - SEE BUSINESS
CANDIDATE’S SILENCE ON HIS $53M FORTUNE By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
KEVIN King, the Kingdom Government Movement’s leader who is vying for the East Grand Bahama seat, yesterday evaded questions to clarify his declared net worth of $53,129,820. The figure makes Mr King the wealthiest person on the list of election candidates according to his disclosures. He claimed his assets include $35m in securities and $8m in real estate.
However, his total income is only listed as $38,500. He listed no securities income on his declaration. The financial declarations of candidates vying for election on September 16 were published in The Tribune yesterday. The disclosures have renewed questions about the veracity of candidate nomination declarations after officials from the Parliamentary Registration Department and Public Disclosure Commission in 2017 SEE PAGE THREE
‘WE SEEM TO HAVE AGREEMENT’ DEPUTY Prime Minister Desmond Bannister during a “listening tour” at Bahamas Power and Light yesterday - where he said that negotiations over issues at BPL were “completed, essentially” and awaiting unions to ratify them with their members - but that would have to be concluded in a second term for the Minnis administration. See PAGE THREE for the full story. Photo: Tanya Smith-Cartwright/Tribune Staff
DEATH TOLL SOARS BY 27 ‘GIBSON ACCUSATIONS AS GB CASES CONFIRMED MUST BE LOOKED INTO’ By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
MORE than 3,200 COVID-19 cases were recorded in August as a surge in new infections continues to plague the country.
The country also recorded 67 new deaths this month. There have now been 18,139 COVID19 cases in addition to 381 virus related deaths. Yesterday, the Ministry of Health confirmed 27 SEE PAGE FOUR
By EARYEL BOWLEG Tribune Staff Reporter ebowleg@tribunemedia.net
PROGRESSIVE Liberal Party leader Philip “Brave” Davis has called on the Attorney General and the Commissioner of Police to instruct the
Anti-Corruption Unit at the Royal Bahamas Police Force to launch an investigation into allegations regarding contracts awarded at Water and Sewerage Corporation. Documents were leaked SEE PAGE SEVEN
BANK GAVE LOAN KNOWING CAR WAS STOLEN By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
BANK of The Bahamas secured a $34,000 loan on a vehicle despite being informed three days before that it had been stolen in Florida, a Supreme Court judgment has revealed. Justice Indra Charles, in an August 20 verdict, revealed the BISX-listed institution also failed to disclose that knowledge
A 2007 Cadillac Esplanade similar to the stolen car. to its funeral home chief borrower and allowed her to go through with the purchase of the suspect vehicle.
Denalee Penn-Mackey, of Evergreen Mortuary, subsequently bought a second vehicle from the same person who sold her the stolen car. Another loan from Bank of The Bahamas was obtained for the second purchase, but the funeral home chief only had use of them for 18 months before both were seized by Bahamas Customs for nonpayment of import tariffs. FULL STORY - SEE BUSINESS
Nassau & Bahama Islands’ Leading Newspaper
PETER YOUNG: WHAT DO YOU DO TO HALT THE FLOOD OF REFUGEES?
- SEE PAGE NINE