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FTC rules out compensation

Shawn Cumberbatch Some of the damage caused by Hurricane Elsa at the junction of Princess Royal Avenue and Collymore Rock, St Michael. (FILE) Social Share Barbados’ major utility companies whose ability to provide service was hampered by Hurricane Elsa will be exempt from paying customers compensation, says the Fair Trading Commission (FTC). However, the FTC is warning the Barbados Light & Power Company Limited (BL&P), Barbados Water Authority (BWA) and Cable & Wireless (Barbados) Limited (C&W) that they “are not allowed free reign and are still expected to restore service within the shortest possible time frame”. The regulator has decided that the named utility companies, which have some Barbadians without service seven days after the storm damaged or destroyed hundreds of properties, qualify for a standards of service exemption in light of the force majeure circumstance – unforeseeable circumstances preventing fulfilment of a contract.

Local firms gang up against Asian owned Paramount Holdings

June 28, 2021 Nyasa Times Reporter 6 Comments Malawi President Lazarus Chakwera’s order that priority in the awarding of contracts must be given to indigenous businesses is being ignored as most contracts are awarded to foreigners and this is being influenced by top government officials, Nyasa Times has established. Paramount Holdings, one of government’s ‘sweetheart’ contractor, is facing a fight with indigenous firms, which are accusing the company of snatching away public contracts through backdoor dealings with undue influence from some top officials officials in the Tonse Alliance Government. Paramount Holdings, owned by an Asian, Prakash Ghedia, is among few foreign-owned companies that has been so lucky to be awarded several contracts across sectors; from construction to supply of all sorts of goods and services.

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