Prime Minister Gaston Browne has come out in strong defence of the Social Security Board’s planned EC $75 million investment into the Jolly Beach Hotel, calling it a strategic move to boost the financial sustainability of the national pension system.
Browne dismissed opposition criticism, asserting that the government-backed investment will deliver long-term benefits for both the national economy and Social Security beneficiaries.
He emphasized that redeveloping Jolly Beach will transform the property into a revenue-generating asset, strengthening the Social Security Board’s long-term financial stability.
I’m not really into the politics but I agree with the PM on this one. Good move
What’s the projected annual return flower the next decade?
* over*** not flower
The man is a furnace guy so I trust his judgement
I think you meant to say “finance”. However, I totally agree. In spite of This Jolly Beach investment by Social Security sparking debate, if PM Browne’s defense holds true, it could be a significant boost.
I get the idea, but what guarantees do pensioners really have that this won’t backfire? Hope they’ve done the proper due diligence.
Prime Minister Browne knows what he’s doing. This investment will modernize Antigua’s tourism infrastructure and secure pensions. Opponents just want to sabotage progress.
All I know is that I wait for the day when people could get their monies on time and the scheme financially stable
Isn’t there a conflict of interest here from GB? Of course as head of the government he will vote for this. He may even have been the main proposer of the scheme. Does GB not have appartment(s) on the complex. Thus, if the complext does well his personal investment wealth increase. That said, what happens in low season. What happens when tourisium reduces? Should workers monies not be invested in less Ricky investmeants? This is not goverment monies to use as they like. Did the social security board approve this investment?
Where is the due deligence and projected returns on this investment Mr Brown.
How is this investment possible when pensioners still cannot get their payments on time?
Are we taking advantage of a child who is crippled?
1. i cannot get my meds when i go for them, they always have some damn generic oFF label sh*t
2. THEY DONT WANT LOCALS ON JOLLY BEACH
3. WHO permitted him to do this, shouldn’t the locals whose money was used to do this have a
say?
4. Who’s money did he use to buy LongBay resort? he buying up properties all over
WID OUR MONEY!
5. wHAT happens when hes voted out of power, he think hes a dictator, he think hes going to be in power forever?
Antigua and Barbuda all you nar suffer enough yet… deserve ebryting all ya go get, stop look and politics and look and your children’s future, the nar go have no freedom in this little islAND
Insee absolutely nothing wrong in what the prime minister is proposing. I believe there’s everything right about this venture. Who is it we never thought of it before this time?