{"id":24284,"date":"2012-08-01T22:17:25","date_gmt":"2012-08-02T02:17:25","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=24284"},"modified":"2012-11-14T21:12:09","modified_gmt":"2012-11-15T02:12:09","slug":"plp-sending-alarming-message-to-foreign-investors","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/08\/plp-sending-alarming-message-to-foreign-investors","title":{"rendered":"PLP Sending Alarming Message To Foreign Investors"},"content":{"rendered":"<figure id=\"attachment_24285\" aria-describedby=\"caption-attachment-24285\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-24285\" title=\"winston-rolle\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/08\/winston-rolle.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/08\/winston-rolle.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/08\/winston-rolle-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-24285\" class=\"wp-caption-text\">Winston Rolle<\/figcaption><\/figure>\n<p>The Bahamas must \u201creally be concerned\u201d about the negative message it is sending to international investors over the Bahamas Telecommunications Company (BTC), a senior Chamber official yesterday saying developers \u201cshould never\u201d have to factor political risk into their calculations.<\/p>\n<p>Winston Rolle, the Bahamas Chamber of Commerce and Employers Confederation\u2019s (BCCEC) chief executive, told Tribune Business that the Christie administration\u2019s ambition to regain a 51 per cent majority shareholding in BTC was bucking international trends, where governments were getting out of business and utility ownership.<\/p>\n<p>Emphasising that the Government\u2019s talks with Cable &amp; Wireless Communications (CWC) needed to conclude swiftly, whatever the outcome, Mr Rolle added that the decision to cancel the proposed $37 million initial public offering (IPO) of a 9 per cent BTC stake would also hurt Bahamian investors and the company.<\/p>\n<p>Source: Neil Hartnell, The Tribune<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The PLP&#8217;s ill-advised goal of regaining control over BTC is not only directly bad for the Bahamas and for Bahamians but it also sends a frightening message to foreign investors regarding political risk.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[93,263,60,156],"class_list":["post-24284","post","type-post","status-publish","format-standard","hentry","category-business","tag-corruption","tag-foolishness","tag-plp","tag-stupidity"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/24284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=24284"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/24284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=24284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=24284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=24284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}