BBE Application Form   

Mia’s advice

Mia’s advice Opposition leader Mia Mottley

Thu, September 30, 2010 - 12:00 AM

Government should open ownership of the Transport Board, the Barbados National Oil Company (BNOC) and the airport and seaport to “ordinary Barbadians” and institutions.

Opposition Leader Mia Mottley made the suggestion yesterday while addressing members of the Barbados Chamber of Commerce & Industry at Hilton Barbados.

She said Government should not continue to wholly own and manage some of its facilities, when to do so would “challenge its ability to afford other services and benefits which are more important to us as a society – like affordable health care and free tertiary education”.

Her recommendation is that Government allow credit unions, individual small investors, pension funds, medium and large corporate entities, as well as workers to share in the ownership of a number of state-owned enterprises.

On the Transport Board, she asked: “Why should Government invest another $100 million in debt to purchase equipment [buses] and operational expenses over the next decade when it can contract out its routes to private operators for a fixed fee monthly in a highly regulated environment . . . ?

“Why can’t the men and women who have been driving the buses for years be empowered to become owners, along with other private investors in the sector?”

She pointed out that it would be necessary for Government to continue to find a mechanism “to protect the most vulnerable for whom that cost of travel is still a burden”.

On the BNOC, she said Government could continue to own part of it through the National Insurance Scheme (NIS).

However, she asked why the workers, other institutional investors reflecting a broad-based ownership profile and local companies should not be given the same opportunities.

Widening the ownership base “will allow us to raise capital for the BNOC while ensuring that Government can focus on its core responsibility of regulation while creating a platform for ownership in Barbados”, she said.

According to Mottley, if Government maintained ownership of the airport and seaport to ensure security, that safety could be provided no matter who owns these facilities.

If it was a revenue concern, Government could share retention through the NIS and fees and taxes will ensure that the country continues to benefit from future revenue and profits.

Mottley underscored the need for Government to make major changes in its economic model as the economy continues to face tough times. (TY)

  • Editor's Choice

Share your thoughts

Please sign in or register to post your comments.

Page 1 of 1 pages

Posted by Bare Foot Boy 1 year, 7 months ago

Like the BLP leadership isn’t going to be satisfied until they sell off all of Barbados!  I wonder who are these “ordinary” Barbadians that are going to become owners of these entities.  Furthermore, are we to expect that private investors are going to invest potentially hundreds of millions of dollars in these entities only to be subjected to high regulation by the Government which could depress profits?  What’s next, selling naming rights to the island?  I can see it now, ladies and gentleman welcome to BIG BUSINESS, formerly known as BARBADOS.

  • 0
  • 0
Posted by John Perkins 1 year, 7 months ago

This is one of the best constructive speeches I have read from Ms Mottley. This is a paradigm in the way government operates for generations. However, unfortunately none of her suggestions will considered due to political structure of the island. I would take her suggestion a step further and suggest the Government:
•  Privatise the CBC TV station, thus enabling freedom of the Press.
•  Privatise the Hilton Hotel and other hotel holdings.
•  Establish a quasi corporation to run the QEH hospital to alleviate this institution from political interference. In this way management can develop long term solutions to address the health care needs of the population.
•  Outsource some of the civilian functions at the Sanitation, Police and Fire Departments to local private corporations.

I believe privatisation would reduce cost and improve efficiency in Government while creating opportunities for entrepreneurs and the general population.

  • 0
  • 0
Posted by TzuriYah 1 year, 7 months ago

Wise words from a wise woman.  I hope government consider these suggestions, because the only option they have been able to come up with is to increase taxes and prices.

We need a government that is creative in these hard times to help us through this recession.

  • 0
  • 0
Posted by Carl A. Husbands 1 year, 7 months ago

I always thought that “Government”, in its fiduciary role, managed these state-owned entities on behalf of the “ordinary Barbadians”, the people who are the real owners of said entities. Interestingly, Ms. Mottley would now let the “ordinary Barbadians” get ownership of these entities.  Perhaps Ms. Mottley’s perspective is indicative of how she sees the “ordinary Barbadian” as fools who would buywhat he/she already owns.  Moreover, aren’t ownership and self-sufficiency two of the characteristics we, as a society, should be striving for?

  • 0
  • 0
Posted by Al Fergsen 1 year, 7 months ago

From Government’s point of view, this is a great idea since it would earn them some much needed cash. From a potential investor’s point of view, this is a lousy idea because: 1. These entites regularly lose large sums of money. 2. Gov’t would sell only a minority interest thus retaining control and perpetuating the poor mnagement these entities are known for. 3. Investors invest for capital gains or dividends, neither of which would be forthcoming from these not-run-for-profit enterprises. BAD idea.

  • 0
  • 0
Posted by Alfred Alleyne 1 year, 7 months ago

Following the above submission of CARL A. HUSBANDS,there is no further need for debate on the subject.

  • 0
  • 0
Posted by CAH 1 year, 7 months ago

Just read about ground breaking for a project up in Merricks, St. Phillip.  Also, we have all of these projects spearheaded by non-Barbadian interests going up all over the place.  So what’s next.  Have non-Barbadian ownership of the airport and seaport so that the “tourist” experience can be privitised before they are transported to their private locations with their private beaches on the island via the private transportation lines.  Remember, we might not own Barbados but at least we got affordable health care if we could afford to survive long enough before an ambulance comes or we get to see a doctor at QEH. And don’t forget all that free tertiary education might get us a servicing job at one of these private hotels. Boy, ain’t it proud to be Bajan.

  • 0
  • 0
Posted by You Bajans tooooo funny! 1 year, 7 months ago

Where ignorance is bliss,its folly to be wise….

Carl A. Husbands and Bare Foot Boy are two of a kind…
unlearned, uninformed and unfamiliar, but not unbelievable. Go figure!

  • 0
  • 0
Posted by Greg 1 year, 7 months ago

Mia,

The people of Barbados technically owns the Transport Board.  After all, they pay taxes which subsidies its operation.

Is that not correct?

  • 0
  • 0
Posted by cal 1 year, 7 months ago

I`ve seen my comments did not make it.Can you say why was it not published?

  • 0
  • 0
Posted by Carl A. Husbands 1 year, 7 months ago

@ YOU BAJANS TOOOO FUNNY!
Don’t forget UNFAZED by your utterances.

  • 0
  • 0
Posted by Bajan in Queens/New York 1 year, 7 months ago

Bajans can no more claim to own the Transport Board in Barbados than New Yorkers can claim to own the MTA in New York, and I’m surprised that Carl Husbands and Greg chose that line of argument when there are some many more good reasons to oppose the total privatisation of transportation system.
The Transport Board was formed in 1955 because the then private owners were unable to adequately service their routes. This would be the situation again tomorrow if the decision is reversed with proper regulation of routes and schedules, and controlled fares.
I don’t believe it is profitable to run buses/vans on strict schedules and routes at a profit without a substantial rise in the present fare. To keep the fares at a reasonable price government would have to pay subsides to the owners, and that is a no-no for many Bajans.
If it is impossible to control and regulate the PSVs presently on the road, is it reasonable to assume we would be able to control twice the amount in the future?

  • 0
  • 0
Posted by Double U 1 year, 7 months ago

@ BAREFOOT BOY: Thanks to you and Carl Husbands for rational comments. @ John Perkins, you also made some good suggestions. I find however that quasi organisations today are the duplicate offices designed for improper activities. I do want to ask why the Opposition Leader is now giving birth to these ideas when the very companies existed during her tenure in office.

  • 0
  • 0
Posted by Mappy 1 year, 7 months ago

Where was this idea when she was in power all those years? She knows that as soon as these companies are privatised, the fares, etc will go up and the DLP will be raked over the coals.  The only reason the ZR and Minibuses haven’t raised the fare is because they can’t. Smart, smart, woman.

  • 0
  • 0
Posted by Carl A. Husbands 1 year, 7 months ago

@ Alfred Alleyne
Respectfully, I must disagree with you.  For too long, Bajans have just accepted one or two people’s words/actions when it comes to the Barbadian peoples’ interests.  Question EVERY action or endeavour undertaken or proposed by the elected officials on behalf of the “Barbadian people”. You have a right to a plausible answer/explanation. If it is done in furtherance of your interests then you are reasonable and intelligent enough to appreciate it.  If the action is adverse to your interests then let them know that such an act is unacceptable.  Let there be PUBLIC debate on the issues.  Not this childish political back and forth between ALL POLITICIANS AND PARTIES to discredit each other.  You could believe in your party but don’t do so blindly.  If they are right then praise them but when they are wrong criticize them.  Barbados is way too sweet and special to think that any one person or group is better than it.

  • 0
  • 0

Page 1 of 1 pages

Recent Comments

Latest Videos

Quick Poll

Do you agree with the recent CADRES poll that shows that while some Barbadians want to see REDjet back in the air, it should not be at the expense of taxpayers?

View Past Polls

Stay Connected to Your World

Join Your Friends & Our Community

Your Friends' Activity

Daily Cartoons

  • Wednesday, May 23, 2012 toon - 2012 05 23
  • Tuesday, May 22, 2012 - 2012 05 21
  • May 21, 2012 - 2012 05 21

Photo Gallery