We have no doubt that we can and will grow our economy further and faster. We know we can bring unemployment down to even lower levels once we unleash the over $1 billion of foreign direct investment we have before us with projects such as the Sandals Casuarina expansion which has started, the Sam Lords Redevelopment Project which has also started, the Hyatt Centric and even the much maligned Four Seasons Project which, God willing, can get started shortly – Extracted from the Financial Statement and Budgetary Proposals

In his 2016 Financial Statement and Budgetary presentation Minister of Commerce Donville Inniss suggested that the application to build the 15 story Hyatt on beachfront in a UNESCO World Heritage site was reviewed by the Town Planning Department with conditions and final approval by the prime minister is a fait accompli. Have a listen from 5:40 minutes of the video presentation. 

The extract at the top of this blog was taken from the 2016 Financial Statement and Budgetary proposals delivered by Minister Chris Sinckler. The veracity of the statement can be crosschecked by watching his budget presentation. His attempt to use the above statement to defend what he conveyed about the status of the Hyatt project raises a couple observations. Either the MoF is challenged with comprehension and writing skills or he takes Barbadians for fools. It is obvious to the BU household any which way the statement is read (or viewed) that his uncertainty about the status of the projects in the pipeline was directed at ‘’the much maligned Four Seasons Project’’ and NOT the Hyatt project .   For him to feel so emboldened to refer to  ‘’God willing’’ as a disclaimer about the status of the Hyatt project rings hollow. It reinforces the growing public belief that this is a government committed to governance by stealth, an approach seemingly ensconced in the way business is done by the Cabinet of Barbados.

The BU household will resist the temptation to sully the office of the minister of finance by describing Sinckler has a pathological liar. It has become patently obvious his is a poor reaction to the onslaught in recent days by social justice advocate David Comissiong. No need to mention the disparaging remarks about Comissiong delivered by the son of a fisherman Inniss under the cloak of parliamentary privilege.

A poorakey parliament indeed!

It is instructive(?) that Sinckler’s feeble attempt to deflect criticism about the Hyatt project was shared to the media on the sidelines of the opening of another Berger King fast food restaurant. It serves as a reminder that this government gave a washpan of concessions to Cost U Less, a retailer and a user of scarce foreign – Who are the local partners in Cost-U-Less. The BU family bar a few will be able to connect the dots!

In Inniss’ contribution to the debate we are reminded he avoided calling a member of the other side a liar by retreating to the euphemistism  terminological inexactitude. The games Honourable Members play in the highest law making Chamber in the land.

To expect Sinckler’s resignation OR his sacking is a wasted expectation.

128 responses to “Did Honourable Member Chris Sinckler Deliver a Terminological Inexactitude?”

  1. Frustrated Businessman aka 'Nation of Laws' my ass. Avatar
    Frustrated Businessman aka ‘Nation of Laws’ my ass.

    Well Well & Consequences September 2, 2016 at 2:20 PM #
    I understand rents have suddenly skyrocketed on the island,

    That is incorrect. House and warehouse rent is now around 1995 level, maybe a bit less.


  2. @Frustrated Businessman

    Your general point is taken but what the businesses have to do is adjust purchase orders based on cash flows and continue to exercise cost control.

  3. Well Well & Consequences Avatar
    Well Well & Consequences

    Frustrated…..maybe house and warehouse, but furnished apartments, condos, townhouses have moved from 2,000 to 2,700, to 3,500 and up, check them out online…that is why I mentioned tourists.

  4. Well Well & Consequences Avatar
    Well Well & Consequences

    And that is long term rentals, one year and up.


  5. What about Bim going republic?

    Is that project also doomed? Or is it still on the table to celebrate the birthday of Jonathan Swift, Mark Twain and Winston Churchill?


  6. Do what, David? You like you stupid too!


  7. Most businessmen speak of being forced to pass on costs when they rise but have to be forced to pass on decreased costs by lack of sales. We all know that.


  8. Also they are likely to use the 2% levy and compound it beyond what it actually costs. The 2 % will be the camouflage. We know that.


  9. “Great” news at

    http://www.ey.com/Publication/vwLUAssets/EY-barbados-budget-2016-2017/$FILE/EY-barbados-budget-2016-2017.pdf

    To sum up:
    total revenue in 2008 2,597 BDS mio., 2015 2,571 BDS mio.
    but expenditure in 2008 2,787 BDS mio., 2015 2,998 BDS. mio.

    The numbers read like a 90 year old patient after third heart attack and second lung cancer. Not like a 50 year old Goddess Bim in best condition.

    In other words: recession since EIGHT years.

    The new 4-5 % tax will ensure that the numbers won´t improve in 2017/18. Take that for granted.

    Only Saint Bussa can save the island now! Or Mawu-Lisa, Olodumare and Roog.


  10. Talk of devaluation again? One can discuss the merits or not whether it is good for Barbados, what it will not do is to give rise to confidence to foreign investors et al. Eight years later…

    Devaluation?

    Central Banks warns of exchange rate dangers posed by deficit

    Added by Emmanuel Joseph on September 3, 2016.

    Saved under Local News

    The Central Bank of Barbados today gave its strongest hint yet of a possible currency devaluation if Government fails to control the country’s massive fiscal deficit.

    In a statement to announce a panel discussion on the economy on September 8, the bank warned that in order to continue to safeguard the current exchange rate of BDS$2 to US$1, a smaller deficit was critical.

    “On the downside, we have to bolster our levels of productivity and reduce our fiscal deficit either by raising more revenues or reducing expenditure. A smaller deficit would stabilize our foreign reserves, safeguard the peg and arrest the growth of debt so that it falls below the growth of GDP [gross domestic product],” the bank said.

    Professor of Economics at the Cave Hill Campus of the University of the West Indies (UWI) Winston Moore was hesitant to mention devaluation.

    However, he told Barbados TODAY this afternoon that there was a direct link between the island’s fiscal deficit and the exchange rate.

    “Essentially, if you are supposed to maintain a peg, we have to maintain enough foreign exchange reserves to defend the peg . . . and what defend the peg means, is that whenever one of your citizens, businesses, whatever the case may be, wants to convert two Bajan dollars into one US dollar . . . the Central Bank has enough reserves to facilitate that conversion,” Moore explained.

    The UWI economist is one of the panellists for next week’s discussion which will be carried on local radio and television and streamed on the bank’s website.

    “If you think about one of the reasons the deficit is so high right now, it is that . . . lots of money [is] spent on transfers, subsidies, goods and services and so on. Essentially all of those have some foreign exchange component,” the top university economist told Barbados TODAY, adding that when Government’s expenditure budget was large there was a greater demand for foreign exchange.

    Like the Central Bank, the economics professor advised the Freundel Stuart administration to reduce the demand for foreign exchange if it wanted to protect the peg of the Barbados dollar with the US currency. He said while Barbados’ foreign reserves of 13 weeks import cover were presently above the international benchmark of 12 weeks, a persistent deficit problem could jeopardize that position.

    “If you have a fiscal problem, you know that at some point in time, the reserves would get pretty close to that international benchmark. So you got to make sure that you make the adjustment, sooner rather than later,” he warned.

    Meanwhile, a noted economist who preferred not to be identified, told Barbados TODAY it was “silly” for the authorities to publicly hint at a possible threat to the Barbados dollar.

    “To me it is such a silly thing for a country to do. We have achieved so much as a country and it makes no sense as educated individuals in a country to be throwing around a term like that. If you go in town and you ask any Barbadian how much money they want for one US dollar, everyone would say two Barbados dollars. No one would say three, four . . . so everyone believes in the peg. So why would you want to do anything to cause or put that peg in trouble? I think it is a little bit silly on both sides,” the leading economist emphasized. However, political scientist Peter Wickham disagreed.

    Winston Moore & Peter Wickham

    Winston Moore & Peter Wickham

    “I don’t know that it is a significant issue though. It could very well be coincidental [being mentioned by the bank]. I honestly would not read anything into it. I mean it is a public discussion and the defence of the peg is something that has been mentioned repeatedly of late as a key part of the strategy of the DLP Government. I don’t think there is any significance to it one way or the other,” Wickham told Barbados TODAY. The respected Caribbean pollster also gave Government a passing grade on the issue of the peg.

    “It is not anything different to what the Minister of Finance was speaking about the defence of the peg as a priority,” he said.

    emmanueljoseph@barbadostoday.bb

     


  11. There is talk about Wyndham Sam Lord’s Castle starting to build in the budget, however so far no serious construction activity at the site. When will the Chinese land?

    Wyndham Sets Sail for Barbados, Unveils Plans for Island’s Newest, Five-Star, Multi-Million Dollar Resort

    Hotel giant accelerates Caribbean expansion with development of first Wyndham Grand Resort on site of historic Sam Lord’s Castle in St. Philip

    PARSIPPANY, NJ (Oct. 13, 2015) – Highlighting strong and growing interest in its portfolio of upscale brands in the Caribbean, Wyndham Hotel Group, the world’s largest hotel company, today announced plans for further global expansion with the development of the 450-room Sam Lord’s Castle Barbados, A Wyndham Grand Resort.

    Located in the parish of St. Philip at the former site of Sam Lord’s Castle—a spot renowned for pirates in the 19th century and one that carries great historical significance in the Caribbean today—the all-new construction resort is being developed with Barbados Tourism Investment, Inc. and will be managed by Wyndham Hotel Group. In addition to spacious, elegantly appointed guest-rooms, the resort will offer three on-site restaurants, 20,000 square-feet of state-of-the-art meeting space as well as an expansive luxury spa and fitness center. It will be the first Wyndham branded resort in Barbados.

    “The famous buccaneer Sam Lord settled in this area for its beauty and mystique. Today, we believe he selected the perfect location for our continued growth in the Caribbean,” said Paulo Pena, president and managing director, Latin America and the Caribbean for Wyndham Hotel Group. “This new hotel’s spectacular design will surely become an icon for guests in search of unique 5-star offerings and amenities.”

    “Each year Barbados hosts more and more visitors as it continues to position itself as a top vacation spot in the Caribbean. The development of Sam Lord’s Castle Barbados, A Wyndham Grand Resort, will offer guests the beauty of our beaches and access to our distinctive history, merged with the luxurious experience that the Wyndham Grand brand offers to travelers around the world,” said Everton Walters, chairman of Barbados Tourism Investment Inc.

    Sam Lord’s Castle Barbados, A Wyndham Grand Resort will be situated along the gorgeous beaches of Long Bay by Sam Lord’s Castle. The site was a beautiful Georgian mansion built in 1820 by Samuel Hall Lord, known as ‘Sam Lord’. It is said that the notorious buccaneer used to hang lanterns on palm trees to attract merchant ships whose captains mistakenly thought the place was a safe harbor.

    When it opens in 2018, the hotel will be Wyndham Hotel Group’s 13th property in the Caribbean, with a portfolio which includes The Bahamas, Cayman Islands, Dominican Republic and Puerto Rico, under the Wyndham Grand® Hotels and Resorts, Wyndham Hotels and Resorts®, Wyndham Garden® Hotels, Ramada® and Howard Johnson® brands. The company is also scheduled to introduce the first TRYP by Wyndham hotel in Isla Verde, Puerto Rico later this year.

    For additional photos of today’s event, please click here

    The new hotel will participate in Wyndham Rewards®, the simple-to-use, revolutionary new loyalty program from Wyndham Hotel Group that offers members a generous points earning structure along with a flat, free night redemption rate – the first of its kind for a major rewards program. For more information or to enroll, visit http://www.wyndhamrewards.com.

    http://www.wyndhamworldwide.com/news-media/press-releases/wyndham-sets-sail-barbados-unveils-plans-island%E2%80%99s-newest-five-star-multi


  12. ” And the Chinese were here with the
    four Seasons before…How many workers were brought in; before the DLP Government was brought into the picture.”

    You ought not to cry wolf wolf since it was your anti- foreign investment tirade aided and abetted by Brasstacks moderators and Sir Roy that scuttled the plans with respect to Four Seasons.


  13. “They can’t stop fast food joints from opening. But they do not have to cut the ribbons and the Minister of Housing does not have to speak glowingly about the success of the salt and grease shops and encourage them to “corner the market” and sell more death. ”

    Other than speculative and fashionable bandwagon comment I see no link between the consumption of fast foods and sudden deaths.


  14. @ balance
    Other than speculative and fashionable bandwagon comment I see no link between the consumption of fast foods and sudden deaths.
    +++++++++++++++++++++++++++++++++++++
    …and of course you are an authority on the subject.
    What do you have? a PhD in fried chicken from UWI…?

  15. millertheannunaki Avatar

    @ balance September 10, 2016 at 6:25 AM
    ““They can’t stop fast food joints from opening. But they do not have to cut the ribbons and the Minister of Housing does not have to speak glowingly about the success of the salt and grease shops and encourage them to “corner the market” and sell more death.””
    “Other than speculative and fashionable bandwagon comment I see no link between the consumption of fast foods and sudden deaths.”

    Balance, I am disappointed in you. I thought you would have been evenhanded enough to see a link between non-communicable diseases (NCDs) and sudden death as you are smart enough to accept the medical and food experts’ evidence which establishes a link between the increased consumption of fast food fares and the astronomical rise in NCDs especially among gluttonous black Bajans.

    What you should be crying out about is the fork-tongued twisted mouth hypocrisy that resides like dangerous bacteria in the gut of the members of the Cabinet.
    The false warnings and stark admonitions emanating from the spieled mouths of the ministers responsible for Health and Sports are in complete contradiction to the money-sweetened tongues of the ministers responsible for Finance and Business Facilitation as they both seek to curry the favour of fast food operators by promoting and facilitating the expansion of additional NCDs injection clinics in exchange for future elections financing and personal aggrandizement.

    Which will be the next location for another fat delivery outlet? Which politician will be competing for this grand prize as a sign of so-called material advancement in their garrison of rising obesity? Would it be in Moontown or East Point or near the Grotto to satisfy the hunger pangs of the residents of an empty complex of penthouses? How about opening a well-known American brand name next to the Hyatt by demolishing the old Empire Theatre site?

    Why not ask yourself how come there is a proliferation of fast food joints in a tiny 2×3 island of Barbados while agriculture goes on the blink?

    I am sure you are quite familiar with the axiom: We are what we eat’.

    “Dis-moi ce que tu manges, je te dirai ce que tu es.” [Tell me what you eat and I will tell you what you are].


  16. “and of course you are an authority on the subject.
    What do you have? a PhD in fried chicken from UWI…?”

    No sir- I am not an authority on every subject but just as you are free with your phd’s to comment and speculate like Ac on any subject under the sun I am free from experience to say that I do not see any link between sudden deaths and the consumption of fast food which I have presumed to be foods sold by such entities as the chefette and Kentucky outlets. If you have evidence to support the at the moment warped and fashionable rhetoric then bring it and I will be the first to retreat apologetically with my tail between my legs. By the way its passing strange that the consumption of greasy foods in Oistins bay garden and the less than hygienic offerings in Baxters Road escape similar scrutiny.


  17. “Balance, I am disappointed in you. I thought you would have been evenhanded enough to see a link between non-communicable diseases (NCDs) and sudden death as you are smart enough to accept the medical and food experts’ evidence which establishes a link between the increased consumption of fast food fares and the astronomical rise in NCDs especially among gluttonous black Bajans.”

    No No No Mr miller I am sorry but I just do not agree. As to the evidence of the experts, this seems to change depending on which piper is playing the tune. One minute there is a tirade against salt and sugar and out of the blue you listening to the BBC in the wee hours in the morning and you hear a panel of experts saying otherwise- and this kind of intellectual duplicity is constantly marketed in other areas of activity relating to our livelihoods as well. Look, Mr Miller, in the overall scheme of eating patterns in Barbados the consumption of fast foods while popular is a one off thing for the majority and this like other popular dishes like coucou and flying fish and black pudding and souse and sweet bread and cake has always been so. We bajans just have a habit of jumping on bandwagons without independent thought and analysis. you do not need to be an expert to realise that the consumption of anything even water in excess causes discomfort to our fragile bodies and the key is moderation in other words ‘balance’.


  18. “Dis-moi ce que tu manges, je te dirai ce que tu es.” [Tell me what you eat and I will tell you what you are].”

    In keeping with the good book I eat and drink everything that pleases me under the sun for nothing created is unclean. My preference in taste in meats is fried chicken or fried pork or fried pot fish or shark. My preference in starches is split peas and rice and corned beef and boiled pork with nuff clove and green peas and rice. I would eat rice everyday. I like macaroni pie too but due to circumstances I cook it once a month. I do not eat the chemical laden vegetables produced in Barbados but if i am in Dominica or Grenada I have my fill. I eat ground provisions and pig tails about once a month when i partake in a cow heel soup dish prepared by former jockey Joy Whittaker-none can prepare it better- I reserve my chemical intake for the alcohol beverages including jack iron. There you have it .


  19. @ balance
    Bushie can see why you are so defensive of the fried food industry – you seem to have your own private franchise boss…
    Based on Miller’s posit, we can see exactly what you are comprised of…. lotta grease…
    however, if you manage the stress well you may just about make the three score and ten…

    …of course at that point, Bushmen are just getting ready for a fresh guard…. 🙂


  20. “SWAYED BY EXTRAVAGANT salary offers, in some cases earnings in the vicinity of about half million dollars per year –

    http://www.nationnews.com/nationnews/news/85379/swayed-promises-paying-jobs#sthash.XdLhsRlA.dpuf

    If this story is true how can Bajans be protected from this type of thing.


  21. Bushie

    Balance was 69 last month and from all outward appearances he’s fit as a fiddle. Maybe, he is on to something.

    Sent from my iPad


  22. @ Caswell
    …thanks for the update.
    Are you saying that no matter what balance eats, he has nothing to fear – because only the good die young…?
    Ya mean that balance could be around for decades to come …giving trouble on BU.
    Lord ha’ mercy!!!


  23. @Hants

    Would it not be great to find out the names of the two lawyers and retired banker linked to this scam?

    >


  24. @David,

    I hope there will be more “disclosure”.

    We should have empathy for those Bajans who thought they were going to be employed. very sad.


  25. What is today’s SUN editorial trying to convey?

    “We urge Barbadians concerned about their country to give support to these measures even if they may contend that we should not have been brought to this stage. We feel that they should also warmly welcome the establishment of the $75 million funding scheme created by the Inter-American Development Bank designed to support small business enterprises, and the First Citizens Bank scores marks for getting out of the blocks quickly in declaring their support in assisting small businesses in packaging their proposals for funding.”

    – See more at: http://www.nationnews.com/nationnews/news/85369/levy-enterprise#sthash.igkXGeUz.dpuf


  26. NationNews headlines

    Call to pull strip clubs into tax net

    More than half the bus fleet ‘down’

    Teen sex for pay on the increase

    Upscale garbage found off West Coast

    There is also the good stuff.

    http://www.nationnews.com/nationnews/news/85380/bajan-sports-icons-celebrated


  27. Hants September 11, 2016 at 10:06 AM #

    NationNews headlines

    Call to pull strip clubs into tax net

    “Two thousand to 3 000 girls are working in Barbados at any point in time ………….”

    Assuming 20-30 girls per club equals 100 strip joints in the little Gem of the Caribbean with a population of 280,000. Sounds like sex tourism.

    This old guy has not visited a strip joint for some years; but does not think there are 100 strip joints in Toronto – population 3,000,000.


  28. David September 11, 2016 at 9:05 AM #

    What is today’s SUN editorial trying to convey?

    a message of patriotism .society has lost the community spirit which was the basic foundation to getting things done replaced by the “what’s in it for me”

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