11042022 NEWS AND SPORT

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Volume: 119 No.238, November 4, 2022

THE PEOPLE’S PAPER: PRICE–$1

Amicable outcome to meeting with ‘win-win’ agreement By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net THE government and Bahamas Pharmaceutical Association have come to a “win-win” agreement that not only expanded the category of medications to the price control list, but set uniformed margins of 20 percent and 40 percent markups for retail and wholesale operators respectively. The compromise was announced

PRIME Minister Philip “Brave” Davis.

yesterday, with Economic Affairs Minister Michael Halkitis saying it was “an even better outcome we believe than we originally had” in that now, medications for cancer and kidney ailments will be included. Mr Halkitis said the changes would come into effect with the stroke of a pen yesterday evening, the culmination of a solution that was agreed during a meeting at 4pm on Wednesday. SEE PAGE THREE

SHANTIA MCBRIDE, president of the Bahamas Pharmaceutical Association.

...AS RETAILERS HOPE GOVT WILL AGREE TO NEW LIST

$250M HOTEL PLAN TO BE ‘PHOENIX’ FOR GB By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

A $250M investment that will bring one of the world’s top luxury resort brands to Grand Bahama was yesterday hailed as “the catalyst” that will drive the island’s “phoenix from the ashes” rebirth. Rupert Hayward, grandson of former Grand Bahama Port Authority (GBPA) co-chair Sir Jack Hayward, said the multiparty deal to develop a Six

Senses resort at the 30-acre Barbary Beach site previously owned by Marriott will “raise many, many eyebrows around the world and put Grand Bahama on the map” for high-end tourism. He voiced confidence the agreement featuring Weller Development and Pegasus Capital Advisors will “change the narrative on Grand Bahama” and restore its reputation as a location that attracts highquality investments by both foreigners and Bahamians. FULL STORY - SEE BUSINESS

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE DISCOVERY Bay area where the $250m resort is planned.

SHOT GERMANS WERE REGULAR VISITORS DOCTORS: HIT PAUSE BUTTON ON NHI BILL By JADE RUSSELL jrussell@tribunemedia.net

SOUTH Andros MP Leon Lundy revealed yesterday that the German men who were victims in a shooting that left one dead and the other injured were regular visitors to the island. According to police, around 8pm three German men were outside

their summer residence when they were approached by a masked gunman. The victims attempted to run inside the home when the suspect opened fire on them resulting in two of the men being shot. The suspect then fled the area in an unknown direction. The victims were taken to the local clinic - one of them died SEE PAGE TWO

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

BAHAMIAN doctors yesterday urged the Government to “hit the pause button” over its proposed National Health Insurance (NHI) reforms, warning they “cannot support the Bill” tabled in the House of Assembly as is. The Medical Association of

the Bahamas (MAB), which represents private physicians throughout The Bahamas, told Tribune Business in a statement it was “distressing” that the Davis administration had proceeded to table the NHI Bill for its first parliamentary reading without giving those impacted a chance to provide full feedback and advice. FULL STORY - SEE BUSINESS

FOOD retailers were last night hoping the government will agree to an “expanded list” of pricecontrolled products before the weekend so Bahamian consumers can enjoy cost of living “relief” come Monday. John Bostwick, attorney for the Retail Grocers Association, told Tribune Business the industry had submitted a revised list to the Davis administration containing more items than the 20 offered in its October 26, 2022, position paper. Declining to identify the products involved, or how many, he confirmed the association and its members are “before the weekend” seeking to reach a “compromise” with the government similar to that unveiled yesterday by their pharmaceutical counterparts. FULL STORY - SEE BUSINESS

CHINA AIMS FOR EXTRA INVESTMENT By LETRE SWEETING lsweeting@tribunemedia.net

THE Chinese Embassy yesterday announced the country hoped to form better linkages and create new investments in The Bahamas following China’s 20th National Congress of China’s Communist Party. Chinese Ambassador to The Bahamas Dai Qingli said yesterday that the CPC, as she called it, was held in Beijing from October 16-22,

AMBASSADOR DAI QINGLI one month ahead of COP27 in Sharm El Sheikh, Egypt, from November 6 to 18.

Once every five years, the CPCs are held to establish the strategic direction of China and to deal with other party affairs. Ambassador Dai Qingli said this year, several major plans were stated in a report made at the event in reference to investments to better education, health, sports, the economy and sustainability in The Bahamas.

Nassau & Bahama Islands’ Leading Newspaper

SEE PAGE SEVEN

DIANE PHILLIPS: REMEMBERING THE SOFTER SIDE OF HUGH SANDS

SEE PAGE NINE


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