Should $50 Million in SSB pension funds be used to buy Telemedia shares
The prospectus for the sale of shares in the BTL will be released on October fifteenth but debate is raging on whether Social Security pension funds should be invested. On Tuesday night we asked if fifty million dollars of the SSB pension funds should be used to buy Telemedia shares. On our e-poll eighty percent of viewers were against the investment while twenty percent said yes. One viewer on our IMS wrote: Why spend millions of dollars in BTL shares when we cannot even get a week’s pay from the Social Security Board when we get sick?
Investment is a good way to increase funds, however in a climate of corruption it might not work that way because the profits can be mishandled and some politician/s fill their bank accounts with what is suppose to benefit the people at large. I would agree with the investment providing strong measures are taken so that no one individual can manipulate the system and profit from it, usually that is exactly what a corrupt mind is looking for, ways to beat the system.
Hello? So… PM takes over BTL, gives high profile positions to PM family. Then Social Security board, also PM family, want to take over shares in BTL? What a country we live in…
Hell No… all they are going to do is buy this company out, have the barrow family run it and capitalize from it. Come on Belize! You all are not that stupid.
AND HISTORY REPEATS ITSELF …
Oh, Belize, how you make me so callous.
THATS TOO MUCH— CONSIDERING THE OTHER ISSUES–=-SHUT THE FRONT DOOR ON THESE VIGILANTES—MAKE IT PROMISABLE—just like what they do to you–we will respond…….
the G.O.B. should not take SSB money to purchase B.T.L. B.T.L. make a profit so pay of the previous owners over the years,Why touch the poor capital to pay of the rich faster .What happen to the money from the oil and the Boledo used that to pay off the previous owners,The shares in B.T.l.don’t value much now since we have a next phone company.I guess they are planning to get some money from B.t.L sale for them self to get ready for next election.Guess that is the only way they see where they can hurt the poor once again.what is sad the poor people only know when they need their money .After they get it no one know how it was spent.how much taxes does the casino pay?They should try the private sector to purchase B.T.L. But i know any smart businessman will stay away from buying.He took it away and now he is stuck with it. my people don’t let it happen protest, Be like a great Hero Charlie Good.He was a one man army against the SSB. Unite and do the rite thing.Say no to the G.O.B. Taking your money to pay of the rich previous owner.and guess what some of them could be the previous owner.Open your eye.