Comments on: Budget: Bill To Change 60/40 Ownership Rule

By: Paul

Paul — Sun, 23 Feb 2020 22:29:35 +0000

I think a caller to the Shirley Dill show(stormin normin) could run this Island better then the majority of our politicians….he tells it like it is.

By: Let 60/40 be elective

Let 60/40 be elective — Sun, 23 Feb 2020 14:22:28 +0000

If a local company wants to be protected by 60/40 kelt then. If one doesn’t let them apply and pay a an application fee to be exempted from it.

Just don’t make it mandatory.

Simple solution. Problem solved.

By: Missed Point

Missed Point — Sun, 23 Feb 2020 14:21:00 +0000

Perhaps the idea is to get a govt mp or cs installed on each board or have a friend of family apointed, a step towards already established dictatorship. nJust saying

By: Against A Garlic

Against A Garlic — Sun, 23 Feb 2020 14:10:40 +0000

no real business nor company sense in that lot. Poor FM strings being pulled? I am going to buy or create a company presumably to make money and benefit the employees and island here then be told by a 60 40 bermudian board how to run it, not likely. Unless the board is UN BIASED, has common sense and NOT INFLUENCED NOR DIRECTED by look under the hood types than maybe. Dictators looking for a way in, and money grab from directors fees and dividends. No thanks

By: Orlando Wilson

Orlando Wilson — Sun, 23 Feb 2020 11:59:13 +0000

The folks who do the math can say what time it is. Tourism and construction have been struggling for a number of years , and they are both good industries , finance is a third pillar, and that appears where we are at.

By: Port 2 Port

Port 2 Port — Sun, 23 Feb 2020 02:30:43 +0000

They already sold us to foreigners when they but us in debt.

By: Vortex

Vortex — Sun, 23 Feb 2020 00:48:17 +0000

This is window dressing and will have no impact.

100% only, like ANYWHERE ELSE IN THE WORLD

We are sinking…..

By: Bla bla bla

Bla bla bla — Sun, 23 Feb 2020 00:26:07 +0000

Just laying the foundation to sell another piece of Bermuda. BELCO next.

The comment “proposed owners will not get approval for any increase in energy costs” nothing more than political words to soften the inevitable decision when granted. Just get on with it so Bermuda can get some real direct foreign investment.

After the BTA, will the Minister if Hime Affairs follow his cabinet colleague snd look into the effectiveness or conflicts of interest in the RA. That must be a sacred cow with the friends and family program. Seems ironic that the RA can increase their costs by another 1M paid by telecom and energy consumers yet cost of living won’t go up. How does that work ?

By: nope

nope — Sat, 22 Feb 2020 16:53:13 +0000

Nope, still not going to invest my money.

By: What

What — Sat, 22 Feb 2020 16:10:27 +0000

PLP talk all for Bermudians and then do everything that flies in the face of their talk, They stirred up outcry at the airport deal and now give away control over Bermuda to foreigners,

By: Trump supporter

Trump supporter — Sat, 22 Feb 2020 16:08:18 +0000

Stay tuned more to come watch.. they kicked up about the airport being giving away.
#Hearditfirsthere.

By: Jus' Wonderin'

Jus' Wonderin' — Sat, 22 Feb 2020 15:48:54 +0000

YOU JUST GAVE AWAY BERMUDA MORE THAN YOU’VE ALREADY DONE…

By: Sandgrownan

Sandgrownan — Sat, 22 Feb 2020 14:23:14 +0000

Exactly. One without the other is dumb

By: Trump supporter

Trump supporter — Sat, 22 Feb 2020 14:19:46 +0000

Probably killing these guys to have use the opposition’s idea..
Mean while at the bust stop..

By: Scrap 60/40 all together

Scrap 60/40 all together — Sat, 22 Feb 2020 14:10:00 +0000

This move will not work.

Scrap this archaic protectionist rule. Things have moved beyond the need for this.

No one will invest in a company where their capital cannot be represented by equal control in the entity’s direction.

This is just an example of busy work. Imply that something big is happening when in fact it isn’t.

Scrap this rule all together now!!

By: Navin Johnson

Navin Johnson — Sat, 22 Feb 2020 12:32:02 +0000

60/40 but board members 60% Bermudian? No thanks..

By: Joe Bloggs

Joe Bloggs — Sat, 22 Feb 2020 11:36:54 +0000

Now who is giving away Bermuda?

By: Real Deal

Real Deal — Sat, 22 Feb 2020 08:29:57 +0000

I don’t think this a good idea to go across the broad and should be limit by company type and composition. when the legal weed come into play companies that have been setup for years while weed been still taboo in Bermuda we come her and take us of the Weed money in the tourist sector

By: Robert Stewart

Robert Stewart — Sat, 22 Feb 2020 02:20:13 +0000

A company is a piece of paper. It does not carry a passport. It is simply an organization that supplies goods and services to the public.

60 40 made no sense. Neither does any other ratio.