Chairman of the Fair Trading Commission (FTC) Jeff Cumberbatch Responds to Minister Chris Sinckler

Chris Sinckler, Minister of Finance

In response to Minister of Finance Chris Sinckler’s criticism about the length of time the Far Trading Commission (FTC) has taken to deliver its final decision on the application for SOl to acquire BNTCL, Chairman of the FTC Jeff Cumberbatch shared the following press statement [16 November 2017]. The final decision on the matter is to be made on November 23, 2017. It is interesting to note that the FTC held in-camera sessions as recent as 23 October 2017 pursuant to 26 (2) of the Fair Trading Act, AND, Minister Sinckler launched his criticism on the 10 November 2017.

The Barbados government is desperate to bolster its foreign exchange reserves which based on recent reports has fallen to an uncomfortable low of 9 weeks cover. It is a pity the country finds itself in a place where profitable state assets have to be dumped to support consumption spending by the country.

85 comments

  • pdP

    Chuckle…..serves you right for trying to hold an intelligent discussion with an imbecile,a non Bimmer and non Caribbean person that is not aware of the nuances of the Bim society.

    Carry on though…..as I have the popcorn ready.

    Like

  • Well Well & Cut N' Paste At Your Service

    By the way…..I would not weep for the sale of Alaska, it was sold to US by Russia in the 1800s…

    …..it never belonged to any of them and the Inuit…Eskimos, the indigenous peoples…..never had a say…..

    …so your example is rock dumb…both of them.

    Like

  • Well Well & Cut N' Paste At Your Service

    Vincent…the Curacoan…ya really got a nerve calling anyone on BU non Bajan and non Caribbean….without any proof, while you wish racism, discrimination and slavery on Black bajans, see them only as fit for working on your blighted, cursed, ragged plantation yard…

    Pedant…I can understand, cause he missed a lot of info I gave about myself on BU…and he is neurotic and unbalanced anyway……

    But you, the wannabe slave master from Curacao…..got some nerve deciding where you think a blogger comes from….bad enough ya trying to relabel the population.

    Dont worry….the spirits of the deceased slaves, some am sure are buried on that plantation will take care of you…..can’t you feel it coming, I can actually see it.

    Like

  • @ David

    David November 18, 2017 at 1:39 PM #
    “A review of the Auditor General reports going back a decade highlight the lack of enforcement of the financial rules by government that should be setting the example.”

    Certainly , you jest ! The Auditor General’s report has been negative toward both the BLP and DLP administrations for almost twenty five years or more. Stop the politicking, man. Good grief !!!!!!

    Like

  • Bernard Codrington.

    The overload of information and misinformation has clearly beclouded some of our commentators’ ability to think clearly. The unfortunate thing about this is that it can get worse.
    Pray, explain to me how a statement that Barbados operates under a system of” rule of law ‘can be translated to mean that all laws are enforced. Especially in a context where the law relating to a regulatory Board is clearly written setting out the limits of responsibilities of minister and Board.
    Clearly the enforcement of the law depends on BOD and Minister; on these players following the rules.
    These are the same people who are clamouring for integrity legislation as if the mere presence of the legislation in the law books will ensure automatic compliance and integrity.

    Clearly some of us have private agenda and are not really interested in the well-being of this country; but you will not prevail.

    Like

  • How can they now turn on the auditor general, the one public servant (and officer) that operates traditionally with dignity and impa.rtiality. We can all claim that people can impr.ove, because no one is perfect.
    .

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  • @Bernard

    To be fair the discussion has gone pass the fact laws exist to govern the boards. The critique is more about the toxic ethos which pervades the culture in the SOEs.

    Like

  • .Bernard Codrington. November 19, 2017 at 12:15 PM # V

    #@Your arguments are relevant and timely. In fact, they go to the core of the debate. Primary legislation and .regulations . determine the parameters of the authority of politicians and appointees. What is in dispute is when politicians, wha.tever the legislation, try to enforce their own references. Appointees should tell the politicians, in those circumstances, to take a walk.
    .

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  • Bernard Codrington.

    Hal at 12:39 PM

    “Appointees should tell the politicians,in those circumstances, to take a walk”.

    This is the point at which our system of governance breaks down. Failure of individuals to take responsibility. We elect the politicians to promote our interests and overnight they are permitted to believe that they are our masters. This can only happen because we turn a blind eye to their misdemeanors. So the buck stops at us the citizens.

    @ David

    Ethos and cultures do not create themselves they are created by a collection of individuals of sound minds or wicked intent.

    Like

  • @Bernard

    @ David

    Ethos and cultures do not create themselves they are created by a collection of individuals of sound minds or wicked intent.

    And this is the point, this is where we find ourselves with a culture that has to be changed. It will not happen without effort. By saying amorphously is starts and ends with the people is obvious.

    Like

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