est. 2007

Barbados Underground

Bringing News and Opinions to the People

MAM1 + MAM2 = Business as Usual

(Office of the Prime Minister of The Bahamas) – Prime Minister the Most Hon. Dr. Hubert Minnis stepped away from the CARICOM Inter-Sessional Meeting on Wednesday to view first-hand a sustainable housing community that could be used as a model for the Government’s planned housing development project on Abaco. The Prime Minister toured the Villages…

,

(Office of the Prime Minister of The Bahamas) – Prime Minister the Most Hon. Dr. Hubert Minnis stepped away from the CARICOM Inter-Sessional Meeting on Wednesday to view first-hand a sustainable housing community that could be used as a model for the Government’s planned housing development project on Abaco.

The Prime Minister toured the Villages at Coverley, a modern housing development located in Christ Church. The community features low- to middle-cost energy-efficient homes built to withstand a Category 5 hurricane, a 5.0 earthquake, storm surges and major flooding. The fully planned development also offers residents a medical centre, gym, restaurants, stores, recreation centres and sports fields.

Extracted from Caricom Today – PM Minnis tours Barbados sustainable housing development

 

The information conveyed in the article quoted reinforces for those in the know and should persuade others with doubt how to secure business if politicians are the decision makers. In this case the blogmaster can pick any number of concerns but there one.

Barbados Underground has featured many blogs highlighting questionable transactions with the previous government and Mark Maloney. The one which sticks in the craw is how monies sitting in the Housing Credit Fund at the Central Bank of Barbados were approved to pay Mark Maloney for the GROTTO project. The Board of the Central Bank at the time actually approved a special dividend (the first in the fund’s history) to make the payment.

central bank board

There is no need to rehash events about the GROTTO and payments from the HCF, read blogs posted on the matter in BU Archives:

The Housing Credit Fund was established in 1993 under an agreement with USAID to on-lend to financial institutions to fund low cost housing. In 2004 the Central Bank of Barbados announced the following:

The Central Bank of Barbados hereby announces that on February 1, 2004, it assumed responsibility for the management of the Housing Credit Fund (HCF), previously administered by the Ministry of Housing, Lands and the Environment.

The HCF operates as a second tier mortgage market wholesaler and provides funds to financial institutions which in turn on-lend to individual borrowers. The Fund commenced operations in 1982 with initial funding of Bds$20.0 million, the proceeds of a U.S. dollar loan raised by the Government of Barbados. The Fund’s portfolio is currently valued at over Bds$100 million.

The principal objectives of the HCF continue to be:

  • To help to alleviate the overall shortage of housing in Barbados
  • To improve significantly the existing housing stock
  • To shift the initiative for housing towards the private sector and
  • To broaden the ownership base of housing in Barbados.

Source: Central Bank

The irregularities with the GROTTO are well documented starting with a read of Auditor General reports. Mark Maloney was paid with public funds for the GROTTO project that to this day demands the government of the day start an investigation. Instead, it is businesses as usual for the usual suspects even with a change in government. While the government of the day was creative in finding money to pay Mark Maloney, several small contractors had to suck salt because government was unable to pay invoices. Several have folded. Maloney however is still flying high on the hog.

Disclaimer: The blogmaster has nothing against the gentlemen,

 

276 responses to “MAM1 + MAM2 = Business as Usual”

  1. Silly Woman Avatar
    Silly Woman

    @Baje March 2, 2020 2:52 PM “In a statement issued today, Chief Executive Officer Joanne Pooler blamed the closure of the restaurants on a significant drop in visitor spend over the last 12 months, a decline in the British Pound Sterling exchange rate and increased taxes on tourism-related restaurants.”

    Without mentioning the “C” word she also noted that the British Stock Market dropped precipitously last week.

    And that “C” word does not rhyme with bunt.

  2. Piece the Legend Avatar
    Piece the Legend

    But Cheryl Newman DOES NOT OWN CHAPS so what point are you making?

    Sorry what point are your bosses making?

    Heheheheh

  3. Piece the Legend Avatar
    Piece the Legend

    @ Baje

    All de ole man gots to say is

    “…it is getting hot in here…”

    https://youtu.be/GeZZr_p6vB8

    You got dis place catch a fire!!!

    Me grandson tell me to post dat cause de young people like de words

    He tell me write

    “…Baje gettin it hot in here (so hot)
    Man he burning off all dem clothes…”

  4. Tron Avatar
    Tron

    Barbados is heading for a humanitarian crisis. If Sandy Lane and Cliff close now, I’ll have to cook for myself.

    The NIS must act urgently now. How about food stamps for the top restaurants?

  5. Piece the Legend Avatar
    Piece the Legend

    @ Tron

    Why you dont behave though?

    Food stamps?

    Then, you said earlier

    “…Therefore, Barbadian citizenship should be forfeited to emigrants unless they invest at least $50,000 per year in the island.

    In return, we need a proper citizenship by investment program that rewards the patriotic expats who supply the island with foreign currency…”

    Man, behave yuhself do!

    An ole man like me cant be changing me clothes so regular!

  6. Baje Avatar
    Baje

    THIS IS FOR THE BLP FAMILY ON BU (DAVID BU, BAJAN IN NEW YORK, LORENZO, ENUFF ETC.)

    DON’T NEED NO HATERS WE ARE ALL BAJANS WHETHER LOCALLY OR ABROAD.

    LEARN TO SPEAK TRUTH AT ALL TIMES ESPECIALLY WHEN IT COMES TO THE WELFARE OF OUR STRUGGLING MASSES.

  7. Tron Avatar
    Tron

    @ Piece the Legend March 2, 2020 10:11 PM

    I mean “food stamps” as a kind of “voucher”. If you dine in the Cliff for 300 USD, the government adds another 100 USD on top. So the restaurant doesn’t have to close because of the high operating costs. The 100 USD on top from the NIS, which was already a kind of ATM for tourists.

  8. Baje Avatar
    Baje

    Today Cheryl Newman who runs the popular Champers restaurant challenged the reasons offered by CHAPS representative for the closure on national radio.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    CHERYL NEWMAN DEPENDS 85% PERCENT ON LOCAL BUSINESS AND GOVERNMENT PATRONAGE WHICH IS VERY DIFFERENT FROM THESE OTHER 3 RESTAURANTS PREVIOUSLY TARGET CUSTOMER.

    THESE 2 BLP GOVERNMENT MINISTERS ARE FULL OF SHIT IN THE NATION VIDEO AND AS I SAID BEFORE DAMAGE CONTROL TO DEFLECT FROM THEIR INCOMPETENCE AND MISMANAGEMENT.

    TWO YEARS AND NOT ENOUGH RH TIME TO BRING ALL THE PLAYERS IN THE INDUSTRY ON PAR IS BULLSHIT AND AN FURTHER EXCUSE OF WHY THEY HAVE BEEN SITTING ON THEIR ASSES.

    NOW THEY ARE TALKING ABOUT JOBS AND FALLOUT.

    THE VIDEO (PR) IS TO REMOVE THE RAW SEWAGE WHICH HAVE BEEN SPLATTERED OVER THIS INEPT GOVERNMENT OF COLLUSION AND FURTHER CORRUPTION.

  9. David Avatar
    David

    The blogmaster will listen to Newman before you any day. She is certainly better placed to know the ins and out of the business. One does not get to be the owner of the top restaurant in Barbados by being ignorant.

  10. Baje Avatar
    Baje

    The blogmaster will listen to Newman before you any day. She is certainly better placed to know the ins and out of the business. One does not get to be the owner of the top restaurant in Barbados by being ignorant.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    NO DISRESPECT TO NEWMAN AS SHE IS A LOVELY LADY WHO I LIKE FROM PAST VISITS BEFORE SHE MOVED AND AT HER RELOCATED PLACE.

    HOWEVER NEWMAN IS NO BUSINESS GURU AND CAN ONLY SPEAK FOR CHAMPERS RESTAURANT WHICH IS CATERED TO EVERYONE PRICING AND THAT SHE WOULD KNOW THE IN AND OUT OF.

    THERE IS A DISTINCT DIFFERENCE EVEN THOUGH THEY ARE IN THE SAME RESTAURANT SECTOR HER BUSINESS IS MOSTLY SUPPORTED BY LOCALS WITH DIFFERENT OFFERINGS AND PRICING.

    THE 3 RESTAURANTS ARE THE OPPOSITE TO CHAMPERS OFFERING DIFFERENT MENUS, TOURIST PRIMARILY TARGET MARKET AND PRICING MODEL.

    I HAVE HAD MANY BUSINESS DINNER MEETINGS AND LUNCHES ALSO AT CHAMPERS INCLUDING ONE CHRISTMAS PARTY FOR STAFF AND SOME CLIENTS SO I AM SPEAKING FROM FIRST HAND KNOWLEDGE.

    IT IS LIKE MS RAM AIRPORT HOTEL COMPARED TO HILTON HOTEL, DIFFERENT CLIENTELE AND PRICING MODEL.

  11. David Avatar
    David

    She knew enough to select Champers instead of Nicos?

  12. BA Avatar
    BA

    i really fail to see what the fuss is all about. all the “reasons” given apply to everyone in the sector. poorly run businesses must fail. the weak must make way for the strong. failure is necessary for an economy to work and allocate scarce resources to those that make the best use of them. countless restaurants have failed in the past, why the concern now? govt laid off far more people than will lose their jobs now, and that was hailed as economic progress. the nis etc has legal rights to go after company directors. use the law to get what is due, but let businesses fail, let someone else have a chance at it.

  13. Baje Avatar
    Baje

    We do not for a moment dispute the very sobering process by which the owners and management of Chaps restaurants arrived at the decision of their closure.

    Curiously, the mere mention of the word “taxes” has acted with dog-whistle effectiveness on the administration, such that ministers of the Crown immediately engaged in talks with the view to solving, presumably, the problem facing their viability.

    But this cataclysmic event for the closure of three high-end restaurants and the loss of 150-odd jobs at the very height of the winter tourist season can only be viewed as such

    But inadvertently, these closure raises difficult, sobering questions and sounds other alarms about the state of our tourism product as we embark on the second decade of the 21st century.

    As far back as 1992, the tourism expert, Dr Auliana Poon noted that Barbados had become what had been described as a mature destination. It had, for want of a euphemism, maxed out its potential among its core demographic of older, more financially secure clients, looking to be pampered as they sun themselves during the winter months on cliched, white sand beaches

    Then, as now, experts like Dr Porn warned that tourists would be seeking experiences, not mere exposure to sunlight, time and time again.

    We were warned to evolve our product into a multifaceted melting pot of cuisine, heritage, leisure and sport, conventions and good old Barbadian hospitality.

    But all the while, as we were racking up visitor rivals in the hundreds of thousands, engaging in self-congratulatory rhetoric loosely summed up as “the more the merrier we will be”.

    The truth is that we were slowly advancing towards the mass-market end of the tourism spectrum: those who come in droves but pinch pennies as they spend, those people who want to be able to say: “I did Barbados”. They are not so much interested in experiences as in the experience of being here without having to pay too much for it.

    And administration after administration, hunting airlift and hotel rooms. got sucked into a vortex of mass marketeering, all-inclusive resorts, so-called packages, and the bundling of services to be sold in bulk to our major source markets.

    And now, we regret to say, the chickens have come home to roost.

    Almost immediately after coming to office, tourism minister Kerrie Symmonds noted the precipitous decline in visitor dollar spend levels even as record after record tumbled in both cruise ship and aeroplane arrivals.

    For too long we have paid lip service to these additional niches. For example, we sought and the coveted designation by Unesco as a world heritage site for “Historic Bridgetown” – even one by one we tore down Georgian-era houses, mostly owned by the Government of Barbados. even the projects that seek to revitalise Bridgetown has little to do with the restoration of old buildings and historic sites.

    We also, however, cannot dispute the politically savvy move of blaming the closures on the deafness of an administration known for obsessive attention to image-building and optics.

    That the restaurant took on new hires mere days before the decision to close – which bear all the hallmarks of timing, coordination and planning – smacks of an anti-worker experience more apt for the sugar plantations of 1950 than a service industry of 2020.

    Our hearts go out to the 149 families and individuals whose lives have been turned upside-down by the closures.

    But we also suggest that, as there is more in the proverbial mortar than on the pestle.

    We hope for a swift resolution of the problems facing the Chaps restaurants but Barbados must begin to ask whether our continued obedience of the dictates of a singularly important industry is in the long-term best health of the nation.

    https://barbadostoday.bb/2020/03/03/bteditorial-more-in-the-mortar-than-on-the-pestle/

  14. WURA-War-on-U Avatar
    WURA-War-on-U

    “You cannot be that stupid, so it must be intentional lol”

    Hope when the shit hits the fan, your name is not on any of those account(s) as an Officer..lol

    it is well known that not every account would be some kinda grand theft or scam to hide money etc, I am sure you heard about the spousal trust account and the case in Canada where all these hidden assets have to be looked into something to do with former UBS founder/officials and a trust account Ontario Securities had to get involved in because they said securities act was violated, Aron Truss of Barbados name kept popping up in everything in that particular case…am reading the document right in front of me..

    ..quite a few are tied to Barbados, old case, well there will be many more that must be looked into for one reason or another. The cases are there to be reviewed, did not check to see what happened to that one, but there will be many more to follow, crooks cannot help themselves.

    I did not set up not one account, so i don’t have to care, only have to watch the fall out and laugh my ass off.

  15. WURA-War-on-U Avatar
    WURA-War-on-U

    “OUR STRUGGLING MASSES.”

    the only reason the masses have been struggling in the last 80 years is because the useless negro governments have CONTINUALLY sold them out to minority parasites for their own selfish gains and STILL ARE…

    there would be no struggling masses if these ministers/lawyers would stop being such bottomfeeding TRAITORS…selling their people for material gain and to shitehounds who are always looking for concessions and freeness off the backs of the people.

  16. Sargeant Avatar
    Sargeant

    It is interesting to observe that two Ministers of the Gov’t are publicly questioning the motives of the owners in shuttering the respective businesses which is always a good start to any negotiations ( he says tongue in cheek) .No matter what one believes some things are kept close to the vest as public denunciations prior to any genuine communications will only sow bad blood to the detriment of those who are really impacted.

  17. David Avatar
    David

    @Northern Observer

    You know the directors but then there is who are the beneficial owners.

    Larry Arthur ROGERS
    Allan Edward Packer EVELYN
    David Aron TRUSS
    Tyran Christopher MARSHALL

    registered office:

    Coconut Creek House
    Derricks
    St. James

  18. Mariposa Avatar
    Mariposa

    The lack of spend by the tourist dollar would continue if govt continue to put out a useless and boring product
    For years the constant complain is that barbados has nothing to offer the tourist
    What is there to buy in barbados that cannot be found in other destinations at cheaper prices
    Now with govt having to fund Bert govt goes after the one egg nest basket
    The repercussions would be more of what occured yesterday multipled by loss of tourist spend having a rippling affect across the tourism industry
    No tourist in they right mind would spend top dollar for an airline ticket pay a large fee plus vat then come to a country and spend top dollar along with added cost for a product
    Bert being the pimp he is cannot f” every Tom and Mary and expect a profitable return
    Not everyone is that stupid to give up something in return for nothing

  19. David Avatar
    David

    CHAPS Restaurants Barbados to sponsor novices’ handicap chase at Cheltenham Festival

    Sunday 22 February 2015 12:01, UK

    Image: Andy Stewart with star hurdler Big Buck’s

    Cheltenham Racecourse is pleased to announce CHAPS Restaurants Barbados as the new sponsor of the Listed novices’ handicap chase on day one of The Festival, Champion Day, Tuesday, March 10.

    The £60,000 race will be run as the CHAPS Restaurants Barbados Novices’ Handicap Chase and takes place over an extended two and a half miles at 5.15pm.

    Leading racehorse owner Andy Stewart is the majority shareholder in CHAPS Restaurants Barbados, which has three spectacularly-located venues on the Caribbean island.

    https://www.skysports.com/racing/news/12426/9727087/chaps-restaurants-barbados-to-sponsor-novices-handicap-chase-at-cheltenham-festival

  20. David Avatar
    David

    Billion dollar offer still available

    CARLOS ATWELL, ​carlosatwell@nationnews.com

    Added 09 October 2015

    andrew-stewart

    British investor Andrew Stewart. (Picture by Lennox Devonish.)

    THE US$1 billion offered to Barbados by two British investors last December is still on the table.

    Financier Andy Stewart said he was still in contact with his international business partners and the money could be made available if needed.

    Stewart, speaking after a presentation of tablets to Welches Primary School, told NATION ONLINE he strongly disagreed with Barbados’ recent “savage” downgrade and was willing to help any way he could.

    “We have a savage downgrade from [credit agency] Fitch and I don’t agree with [it]. This economy is not going to fall into the sea . . . . While it is not my place to tell either the Democratic Labour Party or Barbados Labour Party what they should do, in the event they wanted to borrow money from the international community, [those people] would look over their shoulders at that Fitch savage downgrade but I am assuring you the appetite within the world financial community to put a bond together for Barbados is still there. Nothing has changed,” he said.

    Last year Stewart and his business partner Stuart Fordham offered to secure a US$1 billion sovereign bond on the international market as an alternative to the International Monetary Fund (IMF).

    Now, Stewart said he was pleased the IMF had “gone away” and the European Union was offering aid but reiterated his offer was still available and he was willing to sit down with Minister of Finance Chris Sinckler to discuss it. (CA)

  21. David Avatar
    David

    @Sargeant

    Would you happen to know why the chef at Cin Cin left?

  22. Tron Avatar
    Tron

    Almost 180 years after emancipation. Economic slavery still exists today because Barbados has completely surrendered to British tourism. There is no escape.

    It is very clear that the DLP bears the main responsibility for this. They brought the plantation called Sandals to the island and promoted all-inclusive tourism.

  23. Hal Austin Avatar
    Hal Austin

    All inclusive hotels and gated communities. Ban them both.

  24. Mariposa Avatar
    Mariposa

    Under Stuart 10 years of governance the restaurants remained opened
    Under this blp tax to death govt the three restaurants closed with the proverbial death nail called Bert and his exploitation of peoples pocket bocks
    The obvious elephant in the room can be tied to the humongous taxes to the tourism industry
    Let that sink in spin doctors

  25. Hal Austin Avatar
    Hal Austin

    The business failed because of poor management. I want to see if this government is going to invest taxpayers’ money in this badly managed business.

  26. Miller Avatar
    Miller

    @ Baje March 3, 2020 2:18 AM
    (Quote):
    For too long we have paid lip service to these additional niches. For example, we sought and the coveted designation by Unesco as a world heritage site for “Historic Bridgetown” – even one by one we tore down Georgian-era houses, mostly owned by the Government of Barbados. even the projects that seek to revitalise Bridgetown has little to do with the restoration of old buildings and historic sites. (Unquote).
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++

    An excellent editorial.

    One of the more intellectually stimulating analyses of the state of tourism in Bim of ‘Today’.

    Bridgetown has been deliberately allowed to become a garbage dump and smelly outdoor latrine acting as a breeding ground for pathogens which can pupate into destructively buzzing flies in the same tourism ointment.

    Don’t be surprised if that deplorable ‘sight’ is soon stripped of its World Heritage Site designation.

    It would be interesting to find out what are the ‘administratively challenging’ factors holding up the erection of the Hyatt project which has been touted as the economic game changer and aesthetic makeover for that dilapidated face of Barbados.

    Where is the Viagra of MAM mach 1 & MAM mach 2 when it is required to lift up the confidence of the nation off the disappointing ground?

    What does the MoT have to say to ‘explain’ his failure to keep his promise to have the Hyatt Ziva off the planning ground and into the construction air by February 2020 to shine as a beacon of hope for the country’s tourism future?

    Is he going to blame the Corona ‘Marked Mal Money’ for this unexpected delay in delivery and ‘daily’ looking more and more like an incomplete abortion?

  27. Mariposa Avatar
    Mariposa

    Barbados is still living in an era of total isolation like ostriches having their head buried in the sand and a PM who believes that photo ops are sufficient to expose barbados on the global world stage
    Nuff talk with nothing to show is the equivalence of empty vessels meking nuff noise

  28. Mariposa Avatar
    Mariposa

    Miller uh wasting uh time talking about Hyatt
    That is as dead as dead can be
    Another waste of tax payers equivalent to blowing up buildings and building parks
    Three more years of blp rule and the treasury would be empty

  29. WURA-War-on-U Avatar
    WURA-War-on-U

    Northern..you did not even tell me if this cse is still winding it’s way through the system, remember Loblaws and their offshore gig in Barbados…hope you have no skin in the offshore game, won’t want to miss you off BU for a lot of years..

    https://r.search.yahoo.com/_ylt=AwrJ6y1nU15eBA0AzEJXNyoA;_ylu=X3oDMTEybWFrbGI5BGNvbG8DYmYxBHBvcwMyBHZ0aWQDQjkzMjFfMQRzZWMDc3I-/RV=2/RE=1583268839/RO=10/RU=https%3a%2f%2fwww.cbc.ca%2fnews%2fbusiness%2floblaws-cra-glenhuron-bank-barbados-tax-1.4490564/RK=2/RS=IQdLxwpHCLZyPtLUKsNdwUXzCJ0-

    “A senior judge warned Loblaws and the federal government this morning that she would not look kindly on any further procedural delays in a $400-million battle the two sides are waging in Tax Court.

    Loblaws and the government were in a Toronto courtroom in one of the biggest offshore corporate tax-avoidance cases in the country, with authorities alleging the grocery conglomerate set up a bogus foreign bank to avoid tax on hundreds of millions of dollars in investment income.

    The case has been brewing since 2015 and is slated for a full trial in April — more than a year after the originally scheduled start date, due to a series of procedural squabbles.”

  30. WURA-War-on-U Avatar
    WURA-War-on-U

    “David Aron TRUSS”

    that one is real popular, in everybody’s business offshore…

  31. NorthernObserver Avatar
    NorthernObserver

    WW&C
    so first you use a number quoted as officers, and move it to entities; then you up and move the goal posts to income splitting? You will find malfeasance in many areas, and several will be tied to accounts beyond the jurisdiction where the problem occured.

    Loblaws was convicted in 2018, and required to pay ‘back taxes’, and that ruling may/may not be under appeal.
    https://www.cbc.ca/news/business/loblaws-tax-barbados-1.4816973

  32. NorthernObserver Avatar
    NorthernObserver

    @Blogmaster
    that Stewart man keeps popping up? There was a race, maybe not on that card, named after MAM1 too, a few years back.
    Fed to drop 50 basis points….expect nuff news today…it is Super Tuesday lol

  33. David Avatar
    David

    Some thing is rotten here Northern. We look forward to traditional media doing its work.

  34. Freedom Crier Avatar
    Freedom Crier

    RE • Tron March 2, 2020 7:45 AM
    “We should talk on BU about why the Barbadian emigrants do so little for the island. We should urgently talk about citizenship. Barbados is a premium island for the global elite. Therefore, Barbadian citizenship should be forfeited to emigrants unless they invest at least $50,000 per year in the island. In return, we need a proper citizenship by investment program that rewards the

    “FOR THE GOOD OF OUR COUNTRY BARBADOS”

    2018/07/13 Barbados Underground

    See Excerpts A

    Submitted by Freedom Crier

    Merit Based Immigration & Citizenship by Investment

    Institute merit based immigration whether you are poor or rich. A man might be poor but, may have a Skill (Carpentry). But also have Citizenship by Investment say over EG: $3 Million US$. (I have seen Ads from America that investments of US$500,000. will get you a green card that could lead to citizenship). Other Caribbean countries have gone this route Grenada, St Kitts & Nevis, Dominica, Antigua & Barbuda, and St Lucia offer Citizenship by Investment but they have competed at the low end and the investment for citizenship is low, we can take another tack by going higher.

    This will spur investments in Barbados by high worth individuals and once they are here they will like what they see (what is there not to love, we see this by returning individuals all the time except they do not bring the big bucks.)

    Barbados’ Structural Adjustments might be workable but too painful and I would like to make a Suggestion that Barbadian Citizenship should be granted by Investment of a Deposit not less than 3 million US Dollars (choose a number) in the Local Banking System to be used for Investment, Spending, Starting Businesses and setting up Holding Companies. Just Attracting 100 of these High-Worth Individuals who may desire to have an additional Citizenship of another Country (Barbados) will net the foreign exchange position by 300 Million US Dollars. And that is only for a hundred people. If we can encourage these Wealthy Individuals to seek greater Participation in the Local Economy through the formation of partnerships with local Entrepreneurs bringing with them their skills in Finance, Big Management Know How that will raise the local Companies reach globally. Imagine if you opened up the Citizenship to a 1000 of these Rich Individuals that would give you an in-flow of 3 Billion US Dollars that could more than pay off the Barbados Debt with no IMF in Sight.

    Because of Overstock.com investment in Bitt, Bitt’s technology has the Potential of very soon reaching the financial sector regionally & globally. Barbados has a lot of Information Technology Talent, these people just need funding, reach and guidance which is what these high worth individuals can Contribute.

    We are not talking about investors like the Sandals Group who extracted Duty Free and Tax Concessions from Government and then turned around and import everything down to a Napkin Duty Free. We need them to invest more and bring their expertise and BIG finance, partnering will local entrepreneurs for further growth in the island and globally. Do not mind the people who say you can’t sell citizenship but want you to give it away for free, how foolish, imprudent, irresponsible, unwise, and reckless. It is better to choose who comes here and what they are bringing with them; Character, Money, Talents, Know how & avenues of Finance.

    The PM should call to meet with some rich influential people in Barbados as they all love Barbados and might be amenable to helping, using a one on one to request their assistance in each one finding 10 persons and invite those 10 people to invest in Barbados gain their citizenship and since most of their wealth and business is outside of Barbados create a new offshore category for these types of individuals with regard to income taxes and other incentives.

    See list of persons in the video of the riches people in Barbados.

    Joseph Saddler, Rihanna, Kyffin Simpson, Murial Dean, Sir Charles Williams, Michael Barry Tabor, Derrick Smith, Dermont Desmond, JP McManus, Eugene Melnyk. These rich people can be asked for advice the same way you meet with the Social Partners, their ideas would be worth a great deal as in their realm of business dealings is unlike what we may have in the Social Partners.

    https://barbadosunderground.files.wordpress.com/2018/07/cib-abs-min.jpg?w=1720&h=560&crop=1

  35. Freedom Crier Avatar
    Freedom Crier

    “FOR THE GOOD OF OUR COUNTRY BARBADOS”

    2018/07/13 Barbados Underground

    See Excerpts B

    We may have to consider offering some type of incentive other than citizenship alone such as off shore companies operating in Barbados that only generate US$ and employing Barbadians pay their employees in US$ and they the employees pay a lower rate of income tax (Offshore Companies rate) or no tax on their income (as in the large international accounting firms) also they may deposit their remuneration into their own US$ account. You will still get taxes from them; Vat and all purchases locally that have elements of tax in them EG: electricity. Find out what has driven Kiffen Simpson companies out of Barbados to other localities and fix that and use that as a type of model and add to it to revamp Barbados tax structure of how we do business. Stop the loss of the offshore sector using benefits, Let them pay their top executives in US dollars, they hire high paying employees a boon for all our UWI grads and rent houses from locals and maybe use the Citizenship by investment to drive the conversation to bring an influx of new business and new investments.

    We already give anybody temporary “citizenship” when we let them stay on holiday except now let’s expand this to CITIZENSHIP BY INVESTMENTS WITH BENEFITS. A poor man does not hire people only people with money do. A poor man cannot start a big business only a man of means can. Attracting high worth individuals should be a priority use the citizenship by investments with benefits; task someone who knows how to recruit high worth individuals This personal and selective push will net the best result.

    The worst thing to do would be to bring or invite low skill or no skill people like Haitian whose culture is foreign to Barbados as seen in the looting during the hurricane in Florida and constant riots in their home country as have been done by our PM at the heads of CARICOM meeting I am sure with the encouragement of Commie Sing Song.

    Imaging what the impact a few hundred Haitians rioting for better living conditions in Barbados will have on our Tourism industry? Barbados is known for its calm and stable country do we want to turn it into the “safety” of Trinidad or Jamaica?

    We can all make a difference in making Barbados Great, starting with the importance of Individual Responsibility and using our God Given Talents and Abilities to Improve Our Lot!

    Economic Entrepreneurs are a Boon to Society; Political Commentator Entrepreneurs are Another Animal Entirely and many reside at BU!

    May Freedom Crier Suggest that BU welcomes other Articles that will Improve and Benefit Barbados under the Banner of “The Building of our Nation”.

    https://quotefancy.com/media/wallpaper/3840×2160/2547383-Annie-Lennox-Quote-Charity-is-a-fine-thing-if-it-s-meeting-a-gap.jpg

    https://quotefancy.com/media/wallpaper/3840×2160/2258414-Fr-d-ric-Bastiat-Quote-There-is-only-one-difference-between-a-bad.jpg

    See also:

    Merit Based Immigration & Citizenship by Investment:

    https://barbadosunderground.net/2018/07/13/for-the-good-of-our-country-barbados/

    Barbados Improvements Part 1: Bridgetown

    https://barbadosunderground.net/2018/07/21/barbados-improvements-part-1-bridgetown/

    Barbados Improvements Part 2: Thoughts & Ideas

    https://barbadosunderground.net/2018/07/28/barbados-improvements-part-2-thoughts-and-ideas/

    Barbados Improvements Part 3: Agriculture

    https://barbadosunderground.net/2018/08/01/barbados-improvements-part-3-agriculture/

    Barbados Improvements Part 4:Looking Forward

    https://barbadosunderground.net/2018/08/06/barbados-improvements-part-4-looking-forward/

  36. WURA-War-on-U Avatar
    WURA-War-on-U

    “Loblaws was convicted in 2018, and required to pay ‘back taxes’, and that ruling may/may not be under appeal.”

    lol…thanks for the update Northern..

    What is bothering me though is i cannot recall how many years myself and others have been on here telling the leaders in Barbados that it is the 21st CENTURY…i swear they must only be listening to their yardfowls while continually backward gazing with their 1950s style of governance and don’t care how you tell them everything needs to be changed for this future and all the crooks need to be in prison…they won’t listen….they all much prefer go to DOWN IN FLAMES…and i much prefer watch all of them BURN.

  37. Baje Avatar
    Baje

    Some thing is rotten here Northern. We look forward to traditional media doing its work.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    THE BLP GOVERNMENT, MARK MALONEY AND ……………………………………………………….?

  38. WURA-War-on-U Avatar
    WURA-War-on-U

    Northern…you do realize that 120,000 accounts is a very conservative number, 40,000 companies are quite capable of have 40,000 subsidiaries, wuhlook at Loblaws..

    … because after 3 or 4 years of looking at the ICIJ haul, many names are officers for multiple companies, looking at the charts you see them all ganged up….ICIJ said Carmichael alone is an officer for 1,000 companies or some such..

    wuh they even stole a whole oil and gas field from an old lady in Barbados and offshored that too.

  39. Baje Avatar
    Baje

    https://youtu.be/ddXftNVTsFc?list=PLf0Sp7jJwZzstE5lDjRolktq_VmGZsAvK

  40. NorthernObserver Avatar
    NorthernObserver

    @BlogM
    sounds like the Bajans, Rogers et al, were terminated and bought out.
    So since its Brits, I’ll go with @HA as he knows them best…bad management. (or management who do not know the restaurant business, for it is a peculiar animal)

  41. David Avatar
    David

    Stewart claims he has been pumping money into the business every year without return. Something triggered the decision given that two restaurants recently advertised for new positions.

  42. WURA-War-on-U Avatar
    WURA-War-on-U

    This is what is going to happen to backward, corrupt governments, you violated the consititution to continue to terrorize, marginalize and criminalize one group of people, namely Rasta, just to continue your agenda of an apartheird racist state that violates the human rights of black people in general, a Black majority country…AND TO ENRICH YOU and the RACISTS….now you will pay.

    “A couple days ago while at the court house I took the opportunity to speak to a lawyer about the new cannabis sacrament law, and the African Heritage Foundation’s (AHF) intended actions.

    He said he was not aware that the sacrament bill had been passed into law, or of its contents. I gave him a brief overview of the stipulations enshrined in the new cannabis sacramental act, stressing on the fact that it placed serious limitations on the use of the plant for sacramental use by the Rastafari community. To this he said, what I was presenting to him was unconstitutional. My legal support is growing.”

  43. Hal Austin Avatar
    Hal Austin

    Why is the BHTA making a statement about a failed restaurant group? The business failed because it was badly managed, nothing to do with the BHTA. Stop genuflecting to white people.

  44. David Avatar
    David

    You have inside knowledge? Enlightus please.

  45. Baje Avatar
    Baje

    Stop genuflecting to white people.
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    THE MOST IMPACTFUL 5 WORDS I HAVE EVER READ ON BU IN ONE SENTENCE.

    IT IS THE BAJAN CONDITION KISSING THE WHITE MAN ASS WHILE THEY MISTREAT THEIR OWN PEOPLE AND SCORN THEM.

    2020 AND THEY STILL LIVE IN THE MINDSET THAT THE WHITE MAN IS THE SAVIOR AND THEY CAN’T GO IT ALONE.

    ANOTHER EXAMPLE A WHITE MAN HOME IS INVADED RECENTLY AND BURGLARIZED. HE GETS SHOT AND PARALYZED THE BLACK BAJAN GOVERNMENT AND A OPPOSITION PARTY SPOKESMEN COMES TO THE MEDIA TO SPEAK OUT AND IN ONCE CASE WANT TOUGHER SENTENCES FOR CRIMES AGAINST TOURIST (WHITE PEOPLE).

    HOWEVER RECORD MURDERS OF BLACK PEOPLE (THEIR OWN) BUSINESS AS USUAL WHILST THE BLP ATTORNEY GENERAL COMES OUT WITH THE CRIME IS DOWN.

    I HAVE CERTAINLY NOT MET A MORE DUMBER SET OF PEOPLE SEEMS AS IF SLAVE DAYS ARE STILL IN THEIR HEADS WHERE MASSA (WHITE PEOPLE) MUST BE PROTECTED AT ALL COSTS WHILST THEIR BRETHREN (BLACK PEOPLE) ARE MARGINALIZED EXCEPT FOR 1 DAY EVERY 5 YEARS WHEN THEY CONTINUE TO BE PAWNS.

  46. Baje Avatar
    Baje

    Correction

    ANOTHER EXAMPLE A WHITE MAN HOME IS INVADED RECENTLY AND BURGLARIZED. HE GETS SHOT AND PARALYZED. THE BLACK BAJAN GOVERNMENT AND A OPPOSITION PARTY SPOKESMAN COMES TO THE MEDIA TO SPEAK OUT AND IN ONE CASE WANT TOUGHER SENTENCES FOR CRIMES AGAINST TOURIST (WHITE PEOPLE).

  47. WURA-War-on-U Avatar
    WURA-War-on-U

    lawd me gawd…don’t touch nobody hands yo…lol

    Credible Newsweek article.

    https://r.search.yahoo.com/_ylt=AwrJ7JtNkl5eqbwALOZXNyoA;_ylu=X3oDMTEyOGtnNzAxBGNvbG8DYmYxBHBvcwMzBHZ0aWQDQjkzMjFfMQRzZWMDc3I-/RV=2/RE=1583284942/RO=10/RU=https%3a%2f%2fwww.newsweek.com%2fstudent-sarasota-military-academy-whose-classmates-shook-hands-mike-pence-now-under-coronavirus-1490261/RK=2/RS=6Z_dfCVfVu0QsBVk1aFTa8vPpNU-

    “On Monday, a student from Sarasota Military Academy in Florida was placed in quarantine for COVID-19, just days after the student’s classmates shook hands and posed for pictures with Vice President Mike Pence.

    According to a Facebook post by the academy, the student and his mother were placed in quarantine, stemming from “the mother’s contact with a patient at Sarasota Doctors Hospital in her professional role.”

    One of our students and his mother are currently quarantined as a precautionary measure due to the mother’s contact with…

    Posted by Sarasota Military Academy on Monday, March 2, 2020
    Its Facebook post also notes that the student and his mother have not shown any symptoms of the disease, officially known as COVID-19, but in a press release sent to Newsweek, the school’s executive director, Christina Bowman wrote that “it is recommended by the Florida Department of Health that anyone who may have come in contact with those impacted by the virus should self-quarantine at home as a precautionary measure.”

    While the school notes that the student and his mother have not experienced any symptoms related to COVID-19, the quarantine comes just a few days after Pence visited the school and shook hands and posed for photos with fellow Sarasota Military Academy senior cadets. Pence was traveling to a fundraiser at Republican Representative Vern Buchanan’s house but was greeted by a number of cadets and other supporters who had gathered to meet him at the Sarasota-Bradenton International Airport.”

  48. WURA-War-on-U Avatar
    WURA-War-on-U

    “2020 AND THEY STILL LIVE IN THE MINDSET THAT THE WHITE MAN IS THE SAVIOR AND THEY CAN’T GO IT ALONE.”

    the leaders are delusional, greedy, backward and corrupt, that is why the island remains in this time warp of a mentally neutralized people…the vicious, wicked, ignorant leaders. ..most of whom are lawyers.

  49. WURA-War-on-U Avatar
    WURA-War-on-U

    Isn’t it shameful how a bunch of tourism pimps chased down the restaurant and they will swear they are professional and intelligent….the blight of tourism dependency because they don’t want to see anything better for their people unless they can tief it or turn it into a bribe for themselves..

  50. Hal Austin Avatar
    Hal Austin

    The Barbados Hotel and Tourism Organisation has expressed concern about the “regrettable news” of the closure of the CHAPS Restaurant entities, Cin Cin By The Sea, Primo Bar & Bistro and Hugo’s Barbados….(Quote)

    Who is this bloated idiot Rudy Grant? Has he been house trained?

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