business@tribunemedia.net
WEDNESDAY, JUNE 28, 2017
$4.15 MAB CHIEF’S ‘SURPRISE’ AT INSURERS’ NHI MEET By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Medical Association of the Bahamas (MAB) president yesterday expressed “surprise” that the Minnis administration had yet to meet with doctors over its plans to reform National Health Insurance (NHI). Dr Sy Pierre indicated he had been taken aback by the Government’s meeting last week with the Bahamas Insurance Association (BIA), given that the MAB’s efforts to arrange a similar encounter had yet to receive a response. He also expressed concerns to Tribune Business about the Minnis administration’s plans to expand NHI to secondary and tertiary care, given the unknowns and concerns over the NHI model left by the Christie administration especially its costs. Dr Pierre also warned that suggestions by Dr Duane Sands, minister of health, could “destroy” the medical insurance industry if the Government forced it to provide coverage to women with certain gene mutations. “I was actually very surprised, when I saw it in the paper, that the Minister and the Government saw fit to
Doctors yet to get Govt response Questions scheme’s expansion Warns Minister on ‘forced’ coverage
DR SY PIERRE meet with the commercial insurers,” the MAB president told Tribune Business. Believing that the Consultant Physicians Staff Association (CPSA) and other bodies representing doctors also had yet to meet the new administration over NHI, Dr Pierre said his efforts to-date to reach-out See PG B7
ACCOUNTANTS ‘GRAPPLE’ WITH WHISTLEBLOWER OBLIGATIONS By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net BAHAMIAN accountants are being forced “to grapple with” global rules turning them into client ‘policemen’ and whistleblowers, the Institute’s president said yesterday. Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) head, told Tribune Business that recent concerns expressed by Sir Ronald Sanders, Antigua and Barbuda’s ambassador to the US, were “very relevant” to the profession in this nation. Sir Ronald, in a Friday address to the Institute of Chartered Accountants of the Caribbean (ICAC) conference, warned that continued impositions by the Financial Action Task Force (FATF) and Organisation for Economic Co-Operation and Development (OECD) See PG B5
Global rules make them client ‘policemen’ BICA chief: Concerns are ‘very relevant’ Bahamas must be ‘brave’ against inequity
GOWON BOWE
Govt plans increase to redundancy ‘cap’ By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Labour Department’s Industrial Relations Unit has enjoyed an 89 per cent success rate in resolving trade disputes over the past 12 months, a Cabinet Minister said yestrerday. Dion Foulkes, minister of
labour, told the Senate during his contribution to the 2017-2018 Budget debate that the Industrial Relations Unit was charged with helping to settle all trade disputes in the Bahamas. “Over the past 12 months, the unit has enjoyed an 89 per cent success rate in resolving trade disputes filed,” he said. “Out of See PG B7
$4.19
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Arawak Port targeting further 40% energy cut By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Nassau Container Port operator yesterday said it is targeting a further 40 per cent cost reduction from its renewable energy initiatives, which it believes will lead to further growth opportunities. Michael Maura, Arawak Port Development Company’s (APD) chief executive, told Tribune Business the country had already expressed its interest in becoming an independent power producer (IPP) to Bahamas Power & Light (BPL).
Already two-thirds fall from roof-top solar Hopes $3m loan opens up regional growth Contacts BPL on Freight Terminal IPP plan He explained that the 110,000 square foot roof at APD’s Gladstone Freight Terminal (GFT) could See PG B4
AERIAL view of Arawak Port Development
Bar candidate pledges ‘anti-competitive’ fight By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A BAR Association presidential candidate yesterday unveiled plans to uphold legal professional privilege and end “anti-competitive measures” impacting mortgage-related work. Dr Peter Maynard told Tribune Business that he would ensure commercial banks and other lenders
made mortgage and conveyancing work “more widely accessible”, rather than sending it to just a select few law firms. He accused lenders of demanding that attorneys purchase cost-prohibitive indemnity insurance as a means to ‘price out’ many from such work, describing this as an anti-competitive barrier. Dr Maynard, in a letter to Bar members, said:
“Mortgage institutions have imposed the arbitrary requirement of an inordinately huge amount of professional indemnity insurance for no apparent reason but to eliminate a wide swathe of lawyers from their lists of persons to do mortgage work. “A reasonable amount of indemnity insurance is, of course, justified. But the required insurance policy See PG B7
Commercial work ‘more accessible’ Insurance costs used as obstacle Eyes Canada’s selfregulation model
PAGE 2, Wednesday, June 28, 2017
THE TRIBUNE
BAHAMAS GAINS ‘GREAT PR’ FROM CONFERENCE SEVENTY-five public relations professionals and their guests visited Nassau for this year’s Public Relations Society of America (PRSA) Sunshine District Conference, held from June 23-26. This year’s PRSA conference was organised by its North Florida district, which chose to hold it on board a Royal Caribbean cruise ship that stopped at Coco Cay and Nassau. The Ministry of Tourism hosted the group for a full day of activities in Nassau, treating them to an authentic taste of the Bahamas. Jeanie Gibson, the Ministry’s general manager of global communications, said the goal is to encourage cruise visitors to come back and experience more of the Bahamas. “We felt this would be a great opportunity to show these public relations executives a taste of the Bahamas, so that we can convert them from cruisers into stopover visitors,” Ms Gibson said. “PRSA has a number of chapters with over 200,000 professionals. Their annual conference is normally in the United States, but perhaps we can bring one of their other conferences down here, such as the travel and tourism conference, which hosts some 300 public relations and tourism professionals.” Bryan Campbell, chairman of the 2017 PRSA Sunshine District Conference, said the relationship between the Bahamas and south Florida made it an easy decision to visit. “The great relationships that South Florida districts and Miami have with the
Bahamas just made it kind of a natural idea for us to come to the Bahamas, enjoy some time on the cruise and enjoy some time out here in beautiful Nassau,” Mr Campbell said. “Being able to hear more of the history, and understand more about the country, is allowing our people to have a better time while they’re here, and working with the Bahamas Ministry of Tourism on being able to give this information to our members is great.”. The PR professionals were treated to a minitour of Nassau, stopping at Parliament Square, Paradise Island and Smugglers Restaurant, where they watched a conch salad demonstration. Bonnie Upright, conference co-chair, said the feedback from the visit to Nassau had been incredible. “We’ve had a number of people that have never been on a cruise before,” she said. “We’ve got a number of people with us who have never been to the Bahamas before, and so as a co-chair it’s exciting to not only offer professional development opportunities within the public relations profession, but also talk about tourism, public relations industry and show people things they have never seen before. “A number of folks said they would like to come back and spend more time in the Bahamas. There was a relatively short tour of the island, where we were able to get a taste of the island, get a taste of conch and try traditional beverages. I can’t say enough about how fantastic everyone has been and the feedback has been phenomenal.”
MARKET REPORT TUESDAY, 27 JUNE 2017
t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com
BISX ALL SHARE INDEX: CLOSE 1,864.82 | CHG -1.39 | %CHG -0.07 | YTD -73.39 | YTD% -3.79 BISX LISTED & TRADED SECURITIES 52WK HI 4.38 17.43 9.09 3.60 4.70 0.13 6.56 8.60 6.10 10.60 14.49 2.72 1.60 6.00 10.00 11.00 10.00 6.90 12.51 11.00
52WK LOW 3.62 17.43 8.19 3.50 1.47 0.12 3.80 8.35 5.83 10.05 10.02 2.18 1.31 5.80 7.55 8.56 7.90 6.35 11.92 10.00
1000.00 1000.00 1000.00 1000.00
900.00 1000.00 1000.00 1000.00
PREFERENCE SHARES
The Utilities Regulation and Competition Authority INVITES YOU TO ITS
1.00 106.00 100.00 106.00 105.00 105.00 100.00 10.00 1.01
1.00 105.50 100.00 100.00 105.00 100.00 100.00 10.00 1.01
SECURITY AML Foods Limited APD Limited Bahamas Property Fund Bahamas Waste Bank of Bahamas Benchmark Cable Bahamas CIBC FirstCaribbean Bank Colina Holdings Commonwealth Bank Commonwealth Brewery Consolidated Water BDRs Doctor's Hospital Famguard Fidelity Bank Finco Focol ICD Utilities J. S. Johnson Premier Real Estate Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Fidelity Bank Class A Focol Class B
SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE
E J K L M N
CORPORATE DEBT - (percentage pricing) 52WK HI 100.00 100.00 100.00
52WK LOW 100.00 100.00 100.00
CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB
SECURITY Fidelity Bank Note 17 (Series A) + Fidelity Bank Note 18 (Series E) + Fidelity Bank Note 22 (Series B) +
SYMBOL FBB17 FBB18 FBB22
Bahamas Note 6.95 (2029) BGS: 2014-12-3Y BGS: 2015-1-3Y BGS: 2014-12-5Y BGS: 2015-1-5Y BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-3Y BGS: 2015-6-5Y BGS: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-3Y BGS: 2015-10-5Y BGS: 2015-10-7Y
BAH29 BG0103 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330 BG0403 BG0405 BG0407
BAHAMAS GOVERNMENT STOCK - (percentage pricing)
2017 Oral Hearing
“Improving Lives Through Effective Utilities Regulation Lighting. Leading. Learning.” Wednesday, June 28, 2017 URCA’s Office Frederick House, Frederick Street, New Providence 6:00 p.m. - 9:00 p.m.
115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
MUTUAL FUNDS 52WK HI 2.06 3.93 1.95 169.70 141.76 1.49 1.67 1.58 1.10 6.96 8.50 6.30 9.94 11.21 10.46
52WK LOW 1.67 3.04 1.68 164.74 116.70 1.43 1.64 1.54 1.04 6.41 7.62 5.66 8.65 10.54 9.57
LAST CLOSE 4.27 15.85 9.09 3.60 1.48 0.12 4.05 8.60 6.00 10.50 10.02 2.43 1.56 6.00 9.75 9.00 9.75 6.90 12.50 10.00 1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.01 LAST SALE 100.00 100.00 100.00 109.19 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
CLOSE 4.27 15.85 9.09 3.60 1.47 0.12 4.00 8.60 6.00 10.49 10.02 2.43 1.56 6.00 9.75 9.00 9.75 6.90 12.50 10.00
CHANGE 0.00 0.00 0.00 0.00 -0.01 0.00 -0.05 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.01
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLOSE 100.00 100.00 100.00
CHANGE 0.00 0.00 0.00
109.18 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
-0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund FG Financial Preferred Income Fund FG Financial Growth Fund FG Financial Diversified Fund FG Financial Global USD Bond Fund Royal Fidelity Bahamas Opportunities Fund - Secured Balanced Fund Royal Fidelity Bahamas Opportunities Fund - Targeted Equity Fund Royal Fidelity Bahamas Opportunities Fund - Prime Income Fund Royal Fidelity Int'l Fund - Equities Sub Fund Royal Fidelity Int'l Fund - High Yield Fund Royal Fidelity Int'l Fund - Alternative Strategies Fund
VOLUME
8,111 1,923 1,556 34,003 4,000
4,000
VOLUME
NAV 2.06 3.93 1.95 168.44 141.76 1.49 1.64 1.58 1.07 6.96 8.50 6.30 9.80 11.13 9.63
EPS$ 0.444 0.932 -0.510 0.383 -1.117 0.000 -0.406 0.587 0.190 0.540 0.570 0.102 0.197 0.753 0.763 0.330 0.830 0.600 0.697 0.000
DIV$ 0.080 1.000 0.000 0.210 0.000 0.000 0.090 0.300 0.220 0.360 0.570 0.060 0.060 0.290 0.450 0.000 0.340 0.140 0.620 0.000
P/E 9.6 17.0 N/M 9.4 N/M N/M -9.9 14.7 31.6 19.4 17.6 23.8 7.9 8.0 12.8 27.3 11.7 11.5 17.9 0.0
YIELD 1.87% 6.31% 0.00% 5.83% 0.00% 0.00% 2.25% 3.49% 3.67% 3.43% 5.69% 2.47% 3.85% 4.83% 4.62% 0.00% 3.49% 2.03% 4.96% 0.00%
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 7.00% 6.50%
INTEREST 7.00% 6.00% Prime + 1.75%
MATURITY 19-Oct-2017 31-May-2018 19-Oct-2022
6.95% 4.00% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.25% 4.50% 6.25% 3.50% 3.88% 4.25%
20-Nov-2029 15-Dec-2017 30-Jul-2018 16-Dec-2019 30-Jul-2020 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2018 26-Jun-2020 26-Jun-2022 26-Jun-2045 15-Oct-2018 15-Oct-2020 15-Oct-2022
YTD% 12 MTH% 1.57% 4.52% 0.39% 2.75% 0.77% 2.51% 3.95% 3.95% 6.77% 6.77% 1.45% 4.17% -1.59% 0.17% 0.49% 2.72% 1.29% 2.00% 4.35% 4.69% 4.13% 4.28% 4.22% 4.64% 6.19% 3.43% 2.77% 2.98% -3.66% -3.90%
NAV Date 30-Apr-2017 30-Apr-2017 30-Apr-2017 31-Dec-2016 31-Dec-2016 30-Apr-2017 30-Apr-2017 30-Apr-2017 30-Apr-2017 30-Nov-2016 30-Nov-2016 30-Nov-2016 30-Nov-2016 30-Nov-2016 30-Nov-2016
MARKET TERMS BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 52wk-Hi - Highest closing price in last 52 weeks 52wk-Low - Lowest closing price in last 52 weeks Previous Close - Previous day's weighted price for daily volume Today's Close - Current day's weighted price for daily volume Change - Change in closing price from day to day Daily Vol. - Number of total shares traded today DIV $ - Dividends per share paid in the last 12 months P/E - Closing price divided by the last 12 month earnings
YIELD - last 12 month dividends divided by closing price Bid $ - Buying price of Colina and Fidelity Ask $ - Selling price of Colina and fidelity Last Price - Last traded over-the-counter price Weekly Vol. - Trading volume of the prior week EPS $ - A company's reported earnings per share for the last 12 mths NAV - Net Asset Value N/M - Not Meaningful
TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525 | LENO 242-396-3225
THE TRIBUNE
Wednesday, June 28, 2017, PAGE 3
Minister reveals NHI benefits to change By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net
THE Minister of Health yesterday said the Minnis administration has looked at “streamlining every single aspect” of National Health Insurance (NHI), adding that there will be changes to its benefits package. Dr Sands was yesterday
responding to the firing of 21 contract workers at the NHI Secretariat. He explained that the Government was looking to ensure that as much of NHI’s budget as possible goes directly to patient care. “We have had to reduce the number of customer service representatives hired on contract to only those needed to continue the enrollment process,” said Dr Sands.
KPMG unveils new associate director KPMG (Bahamas) has appointed Dennis Deveaux as an associate director in its advisory team. Mr Deveaux will support the development of KPMG’s management consulting practice in the Bahamas and regionally, and its data and analytics advisory business. His core skills are in financial management and mergers and acquisitions, having worked outside the Bahamas for the majority of his career. Mr Deveaux joins KPMG from Toyota Material Handling, where he spent more than 10 years, having worked at the director level in leading North American strategic planning, financial management and operational accounting functions. He recently led Toyota’s strategy work in the area of logistics solutions. Mr Deveaux has significant international experience from working in the US, Canada, Mexico and Europe. He also completed a four-year assignment at Toyota’s global material handling headquarters in Nagoya Japan, as a senior financial/planning leader. “KPMG remains a trusted advisor to the world’s most demanding clients. Its role as an advisor to the public and private sector is essential to driving efficiency and operational improvements, given the many opportunities that stand at the forefront of our national dialogue,” said Mr Deveaux. “I fully expect to leverage my past experience at Toyota, along with KPMG’s global platform and local presence, to support impactful contributions in the community.” Mr Deveaux earned a Bachelor of Science in Finance and Economics from Fisk University, and then a Master of Science – Finance, as well as an MBA, from the Saunders College of Business at the Rochester Institute of Technology. He is a graduate of St. Anne’s School, and was involved with Junior Achievement Bahamas as a student. He is a former intern at IBM Bahamas as well as Shell Bahamas. “We are very fortunate to welcome Dennis into our advisory team. He brings a wealth of experience, industry knowledge and expertise to the management team. As our advisory practice grows,
DENNIS DEVEAUX we are confident we have the right people in place to best support the needs of our clients, and to continue to drive our business forward,” said Simon Townend, KPMG (Bahamas) head of advisory. “The firm will continue to invest in attracting the best and brightest Bahamians, including those working abroad, to return home and contribute to the national development of the Bahamas.” KPMG has three offices in the Bahamas, and employs 80 persons.
The National Health Insurance (NHI) Secretariat announced late Monday night that it was cutting jobs, saying: “Since launching enrollment for NHI Bahamas on April 24, 2017, NHI Bahamas has assessed the level of resources used, and a determination has been made that not all of the organisation’s’s resources are being fully utilised in the most efficient manner.
“Enrollment numbers for the programme have stablised. Therefore, a number of positions in NHI Bahamas are no longer required. While this has been a difficult decision to make, it is a necessary one at this time. There is a need to streamline operations and a reality that NHI Bahamas must continue to phase in healthcare services in a fiscally responsible manner.”
Just under 25,000 persons are registered for NHI. Dr Sands said yesterday that those 21 customer service representatives who had been released were on six-month contracts. “While it pains us that any Bahamian finds themselves without employment, it is difficult to rationalise an excess number of individuals being paid but not providing a benefit to the
Bahamian people. Twentyfive customer service representatives remain with the Secretariat,” he added. “NHI is here, it is real. Yes, there will be modifications to benefits people thought they would get. In truth, what people thought they were going to get is never what was intended. What we would like to do moving forward is make it very clear what the benefits are under NHI.”
Bahamas urged: Fix the ‘local headwinds’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Bahamas must focus more on fixing “local headwinds” than reduced US economic growth forecasts if it is to solve its fiscal and unemployment crisis, a former finance minister said yesterday. James Smith, also an exCentral Bank governor, told Tribune Business that while there was a clear link between US and Bahamian GDP growth rates, this nation had to concentrate on what it can control. Speaking after the International Monetary Fund (IMF) yesterday cut projected US economic growth for 2017 and 2018, Mr Smith said the Bahamas needed to “reposition” its tourism industry, fix cost, bureaucratic and ‘ease of business’ bottlenecks, and send the signal that “we’re open for business”. The IMF slashed US growth forecasts to 2.1 per
NOTICE
NOTICE is hereby given that YVROSE MARCELLUS SIMON of Bacardi Road, P.O.Box N-3199, Nassau Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 28th day of June, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.
NOTICE Notice is hereby given that BGRS Certificate No. 50343 in the amount of $10,000.00 is lost and due to mature 2017. If this certificate is found, please write to P.O. Box N-7502 Nassau, Bahamas.
cent for both 2017 and 2018, down from April projections of 2.3 per cent and 2.5 per cent, respectively, amid expectations that the Trump administration’s tax cut and fiscal plans will not deliver the previously-anticipated boost. The Bahamas has traditionally relied on US growth to drive its own economy through tourist arrivals and spending, plus real estate purchases, and any output reduction to the north is especially ill-timed currently. Apart from having to fill Baha Mar’s net 2,300 room increase to New Providence’s inventory, the Bahamas desperately needs faster GDP growth rates to both reduce double-digit unemployment and ease the Government’s fiscal predicament. Mr Smith said the US government’s 3 per cent GDP
growth target was “a bit ambitious”, adding that the key for the Bahamas was any impact on incomes and consumer spending in its key Florida and US north-east coast tourist markets. Urging the Bahamas to focus internally, Mr Smith told Tribune Business: “For us, our headwinds have less to do with US growth rates and more to do with local factors, such as cost, airlift, quality of service and even advertising. “When I look on TV now, I hardly see anything from the Bahamas. I only see something from Atlantis. Atlantis is a large property, but it’s not the only one. The old slogan ‘It’s better in the Bahamas’ used to be seen across the TV. “There’s a lot to be done to reposition ourselves in the marketplace and to improve the level of service in local
industries so that the word gets out that we’re in business.” Mr Smith said another key indicator was the regional and global tourism industry’s much faster growth rate than the Bahamas. “In the region, we’re not getting our share,” he told Tribune Business. “Our proportion of Caribbean tourism has dropped, and we need to focus on that. Why is that happening, and turn it around. We have some say over the type of services we offer, and how we present ourselves to our clients.” Mr Smith added that the Bahamas had emerged more slowly than other nations from the 2008-2009 recession, but expressed hope that the new product offered by Baha Mar and proximity to the US would act as an improved tourist draw.
PAGE 4, Wednesday, June 28, 2017
Arawak Port targeting further 40% energy cut From pg B1 accommodate enough solar panels to generate 0.7 Mega Watts (MW) of energy - a capacity far greater than its own power needs. Mr Maura said APD was thus interested in selling the excess energy back to BPL’s grid, but acknowledged that the regulatory framework was still trying to catch up with the pace set by the BISX-listed port operator and others. He also expressed optimism that the renewable energy partnership established with the Inter-American Development Bank (IDB) could pave the way for APD to access international growth opportunities. Mr Maura said the IDB
and its affiliates had affirmed APD as a “top tier” company through the extensive due diligence they conducted before providing the company with the $3 million loan now financing its renewable energy initiatives. As a result he expressed hope that, with the IDB heavily involved in the Caribbean maritime sector, APD would frequently find itself being shortlisted for regional port project tenders. The $3 million loan from the Inter-American Investment Corporation (IIC), the IDB arm that finances the private sector, has already assisted the installation of a 36 Kilowatt (KW) system on the roof of APD’s
NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, 2000, (As Amended) NOTICE is hereby given that, TRANGO LIMITED is in dissolution and that the date of commencement of the dissolution is the 23rd day of June A. D. 2017
THE TRIBUNE main administration building at Arawak Cay. That, according to the IIC, is the first step in a broader initiative designed to slash APD’s annual energy consumption by 300,000 kilowatt hours (kWh). “The project will finance the installation of a rooftop solar photovoltaic system on APD’s main building at the port, as well as financing the retrofit of the port’s terminal lights to LED, along with other energy efficiency activities at the port,” the IIC said in a statement. “The solar photovoltaic system will provide approximately 80,000 kWh over the course of its first year, and reduce the company’s carbon footprint by decreasing consumption of electricity from the grid through an investment that generates zero-emission electricity. “Once the LED conversion has been completed, the port anticipates a further reduction in fossil fuel power generation of 220,000 kWh each year, bringing the total annual reduction to approximately 300,000 kWh.” Achieving such reduction targets will ensure the $3 million loan rapidly pays for itself and more, with savings ultimately dropping
to the ‘bottom line’ for the benefit of its shareholders - the shipping industry, the Government and private Bahamian investors. Mr Maura told Tribune Business that APD’s rooftop solar PV system had already slashed energy costs at the administration building by almost two-thirds, dropping them from $0.29 per kWh to $0.09-$0.10 per kwh. The bulk of APD’s savings will be generated when it replaces the port’s existing lights with LEDs, and Mr Maura said: “We expect our energy costs to fall by [a further] 40 per cent. “We have been looking for opportunities to reduce our dependence on oil, and obviously a step in the solar direction was the first step to make. We’re hoping to expand our use of solar technology beyond what we’re doing right now.” The APD chief executive said its partnership with the IDB/IIC had brought in an energy consultant, Hatch, which had conducted a full energy audit of the BISXlisted company’s facilities. Its ambitions, though, extend beyond the $3 million loan. “I can tell you that we’ve written specifically to BPL because we are interested in placing solar panels on the Gladstone Freight
Terminal,” Mr Maura told Tribune Business. “That roof there is approximately 110,000 square feet, and could generate 700,000 kWh or 0.7 Mega Watts. That is something we’re very interested in.” Such a solar PV facility would generate far more energy than the Gladstone Freight Terminal itself requires, meaning that the excess supply has to be sold to BPL’s grid for any investment by APD to be economically viable. Mr Maura said BPL, and possibly the Utilities Regulation and Competition Authority (URCA) as sector regulator, needed to confirm whether APD would receive credits or be paid for any excess energy sold to the grid. “It’s far more than we need, and we’d be putting it into the grid, so we need some compensation for that energy,” he explained. “The only way we could justify that investment is by selling the power to BPL, so we would become an independent power producer. “I don’t believe BPL have reached the point where they’re able to, or have the time, to come up with what the formula’s going to be.” While APD waits to execute on that opportunity, Mr Maura said the com-
pany’s credibility with the IDB could also open avenues for growth into the Caribbean. “Through this process of working with the IDB, APD has gone through a very extensive due diligence exercise,” he added. APD’s governance, standard operating procedures, management and operations, and environmental policies all came under intense scrutiny. “Through their due diligence they have determined we are the type of company they feel very comfortable partnering with and lending money to,” Mr Maura told Tribune Business. “This has put us on the list of regional top tier companies they would consider doing additional business with throughout the Caribbean. “The IDB is very involved in the maritime sector in the Caribbean, and our hope would be we are a very easy company to shortlist and submit Requests for Proposals (RFPs) to. Mr Maura said APD had elected not to invest in solar batteries yet, believing their costs will continue to fall. “If they become more affordable and efficient, we will consider adding battery storage to our system,” he said.
PUBLIC NOTICE
PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
INTENT TO CHANGE NAME BY DEED POLL
ENERVO ADMINISRATION LIMITED LIQUIDATOR Montague Sterling Centre East Bay Street Nassau, The Bahamas
The Public is hereby advised that I, TANICIA RASHAN BAIN of #4B Lakeview Road, P.O.BOX N-1822, Nassau, Bahamas intend to change my name to TANICIA RASHAN PRATT. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer,P. O. Box N – 742, Nassau, Bahamas no later than Thirty (30)days after the date of publication of this notice.
The Public is hereby advised that I, ANNIE ELSIE DORIVAL a.k.a Annie Katrina Doravil, a.k.a Annie Doravil and a.k.a, Annie Dorivil of Caspian Road intend to change my name to ANNIE DORIVAL. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer,P. O. Box N – 742, Nassau, Bahamas no later than Thirty (30)days after the date of publication of this notice.
NOTICE
NOTICE
NOTICE
COPER OVERSEAS S.A. NOTICE is hereby given that in accordance with the relevant provisions of the International Business Companies Act, 2000, Coper Overseas S.A. has been dissolved and struck off the Register according to the Certificate of Dissolution issued by the Registrar General on the 12th day of June A.D., 2017.
FOUR CAYS ENTERPRISES LTD. NOTICE is hereby given as follows: (a) Four Cays Enterprises Ltd. is in Voluntary Dissolution under the provisions of Section 138(4) of the International Business Companies Act 2000. (b) The Dissolution of the said Company commenced when the Articles of Dissolution were submitted to and registered by the Registrar General of the Commonwealth of The Bahamas. (c) The Liquidator of the said Company is Beatus Limited, P.O. Box N7776-348, N.P., Bahamas.
Dated the 26th day of June A.D., 2017.
CANDLEWOOD HOLDINGS LTD. NOTICE is hereby given that in accordance with the relevant provisions of the International Business Companies Act, 2000, Candlewood Holdings Ltd. has been dissolved and struck off the Register according to the Certificate of Dissolution issued by the Registrar General on the 6th day of June A.D., 2017. Dated the 27th day of June A.D., 2017.
Dated this 23RD day of June, A.D., 2017
Beatus Limited Liquidator
Beatus Limited Liquidator
NOTICE Makurdi Invest Ltd. In Voluntary Liquidation
GIOELE FINANCIAL CORP. Company No. 1401594 (In Voluntary Liquidation)
Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, Makurdi Invest Ltd. is in dissolution as of June 26, 2017 International Liquidator Services Inc. situated at 3rd Floor Whitfield Tower, 4792 Coney Drive, Belize City, Belize is the Liquidator.
NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that GIOELE FINANCIAL CORP. is in voluntary liquidation. The voluntary liquidation commenced on 23rd June, 2017 and Querube C. De Nuñez of MMG Tower, Ave. Paseo del Mar, Costa del Este, Panama City, Panama, has been appointed as the Sole Liquidator.
Beatus Limited Liquidator NOTICE INTERNATIONAL BUSINESS COMPANIES ACT, 2000 Baha Vista (Unit 1939/1943) Ltd. (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that in accordance with Section 138 (4) of the International Business Companies Act, 2000, as amended, Baha Vista (Unit 1939/1943) Ltd. is in dissolution. The dissolution of the said Company has commenced on 22 June 2017 when Articles of Dissolution were submitted to and registered by the Registrar General. The Liquidator of the said Company is Pamela A Miller, whose address is c/o Lyford Manor, Western Road, Lyford Cay, P.O. Box CB-13007, Nassau, The Bahamas.
LIQUIDATOR ______________________
Dated this 23rd day of June, 2017 Sgd. Querube C. De Nuñez Voluntary Liquidator
Pamela A Miller Liquidator
NOTICE PORTPOINT CONTINENTAL S.A. In Voluntary Liquidation
NOTICE FELLAYAN INVESTMENTS LTD. In Voluntary Liquidation
NOTICE Kaduma Invest Ltd. In Voluntary Liquidation
Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, PORTPOINT CONTINENTAL S.A. is in dissolution as of June 22, 2017
Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, FELLAYAN INVESTMENTS LTD. is in dissolution as of June 26, 2017
International Liquidator Services Inc. situated at 3rd Floor Whitfield Tower, 4792 Coney Drive, Belize City, Belize is the Liquidator. LIQUIDATOR ______________________
International Liquidator Services Inc. situated at 3rd Floor Whitfield Tower, 4792 Coney Drive, Belize City, Belize is the Liquidator.
LIQUIDATOR ______________________
Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, Kaduma Invest Ltd. is in dissolution as of June 26, 2017 International Liquidator Services Inc. situated at 3rd Floor Whitfield Tower, 4792 Coney Drive, Belize City, Belize is the Liquidator. LIQUIDATOR ______________________
THE TRIBUNE
Wednesday, June 28, 2017, PAGE 5
Accountants ‘grapple’ with whistleblower obligations From pg B1 were forcing accountants to become ‘policemen’ for client activities. “Accountants, tax advisers, auditors, estate planners are now expected to be ‘whistle blowers’ on your own clients, and to establish unprecedented machinery to guard against charges of facilitating money laundering, tax evasion and the financing of terrorism,” Sir Ronald said. “These requirements have serious implications for how some of your businesses will survive. For to survive within the rules, which are being imposed by the two bodies set-up and controlled by the industrialised nations, will be costly and risky.” Sir Ronald focused on the FATF’s ‘high level principles and procedures for accountants’, which turn the profession into ‘gatekeepers’ with an obligation to report on clients they suspect of involvement in financial crimes. He warned that the costs, risk and time involved in complying with these rules
could force individual accountants and small firms out of business, while SME (small and medium-sized enterprise) clients may be unable to afford the increased fee charged by the profession. Mr Bowe, who was present at the ICAC conference, said the issues identified by Sir Ronald are among those BICA and its members “have to grapple with”. “The matter he was drawing attention to was really the golden rule: He who has the gold makes the rule,” Mr Bowe told Tribune Business. “He was highlighting that we’re living in this global arena, but players like the UK and US have the bulk of the transactions and the activity, and the fees. “They have created this concept of ‘one size fits all’ that has the effect of levelling the playing field, but discriminates against smaller territories. “When you look at what’s being required of the accounting profession, the rules have made it an interesting scenario where
they’ve made us whistleblowers.” Mr Bowe said a Bahamian example of this was the Central Bank of the Bahamas’ guidelines for external auditors of its bank and trust company licensees. “Auditors are required to report to the Central Bank when we’re having challenges with the client,” he explained. “That is a significant challenge for the audit profession, as we are engaged by the client. “Our duty of care is to the shareholders and Board of Directors, but the regulators have super-imposed requirements that certain matters get reported to them.” Emphasising that regulators were “not the ones paying our fees”, Mr Bowe said global ‘standard setters’ such as the FATF and OECD were making Bahamian accountants “policemen when selling services to your client”. He added that clients wanted auditors to act as their ‘policemen’ and “advise how to stay out of trouble”, rather than be running to the authorities first. “We have a balancing act; to maintain objectivity to our clients, but not be the tattle taler,” he added. “What we are grappling
with as an Institute in the Caribbean, the Bahamas, are global rules that are ‘one size fits all’,” Mr Bowe told Tribune Business. “We have to work alongside the regulators to ensure the rules are practicable in our environment. It’s not that they are different, but how do you apply them?” Mr Bowe said BICA and its members were already doing this with the Central Bank over its external audit guidelines, especially when it came to disclosing challenges and to who - client or regulator - first. He added that BICA was also maintaining strong links with the ICAC and International Federation of Accountants (IFAC) to ensure it remained abreast of international regulatory developments and could respond accordingly. “We have to be participants in feeding back our challenges,” Mr Bowe told Tribune Business. “We cannot sit on our laurels and allow the rest of the world to dictate to us. “We have to be brave to show what the inequities are, show the challenges with compliance and regulation, and not be subjected to colonialism by the G-20 setting down sets of rules
that will ultimately destroy us.” Mr Bowe said BICA had also moved to strengthen the accounting profession’s self-regulation via the introduction of peer monitoring and reviews, plus an enhanced disciplinary and reporting process. Sir Ronald argued on Friday that the global rules impacting accountants were the latest stage in efforts to blunt the competitiveness of international financial centres (IFCs) such as the Bahamas. He reiterated that US states, such as Delaware, Nevada and Wyoming, had maintained their status as ‘secrecy’ jurisdictions without any sanction by the FATF or OECD, in contrast to the ‘blacklistings’ imposed or threatened
against the Bahamas and others. Sir Ronald also emphasised that the world’s two largest IFCs were New York and London, yet the regulations governing both were far less stringent than those Caribbean nations have been forced to introduce.
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NOTICE
NOTICE is hereby given that EDMOND SIMON of Bacardi Road, P.O.Box N-3199, Nassau, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/ naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 28th day of June, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.
NOTICE CONTECH ASSET HOLDING CORPORATION N O T I C E IS HEREBY GIVEN as follows: a) CONTECH ASSET HOLDING CORPORATION is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. b) The dissolution of the said company commenced on the 26th June, 2017 when the Articles of Dissolution were submitted to and registered by the Registrar General. c) The Liquidator of the said company is Octagon Management Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, Bahamas. Dated this 28th day of June, A. D. 2017 _________________________________ Octagon Management Limited Liquidator
On behalf of the Board of Directors, I am pleased to report the third quarter results for FOCOL Holdings Limited. Net income for the three quarters ended April 30, 2017 was $19 million compared to $17.5 million for the same period last year.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (B $000)
Management has made significant progress restoring and improving FOCOL’s fuel distribution infrastructures that were damaged during Hurricane Matthew. Concurrently, we are making a capital investment of several million dollars to optimize the use of integrated technology processes to improve our administrative and operational efficiency. The Board of Directors wishes to thank our loyal customers, dedicated staff and shareholders for their continued confidence in FOCOL Holdings Limited.
Sir Franklyn Wilson, KCMG Chairman.
Copies of a full set of the unaudited financial statements can be obtained from Stephen Adderley (sadderley@focol.com), at the Freeport Oil Company located on Queens Highway, Freeport, Grand Bahama, Monday through Friday from 8:30 AM TO 5:00 PM.
THE TRIBUNE
Wednesday, June 28, 2017, PAGE 7
Bar candidate pledges ‘anti-competitive’ fight
cial work. One of my charges is to make sure its fairly accessible, and they get compensated for the work.” As for the cost-prohibitive demands of lending institutions, Dr Maynard added: “They ask for huge amounts of indemnity insurance, and you never recover the cost of the premium in any work that they give you. “That appears to be unfair competition. You pay a huge premium and never recover that premium for the work they give you.” Dr Maynard also disclosed a plan to strengthen the Bahamian legal profession’s self-regulation, and address the long-running ‘client/attorney privilege’ dilemma created by the 2000 financial services laws. The Bahamas, following the 2000 ‘blacklisting’ by the Financial Task Force (FATF), effectively made
attorneys ‘policemen’ in cases where they hold monies in trust on behalf of a client. They were required to submit to Compliance Commission oversight and inspections of their client ‘Know Your Customer’ processes. This sparked legal action to defend attorney/ client privilege on constitutional grounds, but Dr Maynard yesterday said the case brought by attorneys Maurice Glinton QC and Leandra Esfakis had been “stalled for a long time” in the Bahamian court system. He suggested that the Bahamas should follow the Canadian example, where the Federation of Law Societies - not a governmentcreated regulator - monitors attorneys for compliance with anti-money laundering and counter terrorism financing regulations. Promising that he would
push for such a model if elected president, Dr Maynard told Bar members: “Lawyers are not to be treated as accountants, bankers and insurance agents. The difference is that lawyers are critical to the existence of the rule of law. “For example, in Canada, the Federation of Law Societies has already implemented what I have long advocated for in the Bahamas. As regulator, it is the Federation which monitors law firms there, and not a governmental Compliance Commission. Legal professional privilege is preserved, as the Federation monitors firms under the cloak of legal professional privilege... “If given the opportunity, I would implement a solution to our long outstanding litigation in the Glinton, Esfakis case, and would propose legislation contain-
ing a new regime for the Bahamas.” Dr Maynard also suggested he would implement a ‘no cash’ rule for attorneys, arguing that they were “not bankers” and should thus reject any sum greater than $5,000 that was offered by clients. “The proposal I suggest is the route they have taken in Canada,” he told Tribune Business. “They have an excellent example in Canada. It also means taking our ethics seriously, putting our money where our mouth is, and putting out effective ethics standards. “It should be an offense for rogue lawyers to be practising. I’d like to reform the Legal Profession Act to take that into account and put in a very strong ethics standard. The Bar needs creativity, fresh ideas and experience, and also vision.”
MAB chief’s Govt plans increase ‘surprise’ to redundancy ‘cap’ at insurers’ From pg B1 of a trade dispute. This high 2,349 disputes filed, 1,951 success rate is a testament NHI meet to the experience and skill were successfully resolved.
Mr Foulkes added that the Minnis administration has pledged to remove the redundancy cap of 12 years for workers’ compensation. “In this term in office we pledge to move the redundancy cap of 12 years for workers’ compensation, and institute a new cap after consultation with the Tripartite Council,” he said. At present, line staff remain entitled to a maximum
24 weeks or six months’ redundancy pay, gaining two weeks for each year they have been employed up to the 12-year ‘cap’. Managers remain at a maximum of 48 weeks, or one month for every year worked up to 12 years. The redundancy cap was a key contention between employers and the the trade unions when Employment Act reforms were introduced earlier this year under the Christie administration.
Mr Foulkes said the Government would also work with trade unions and employers to establish a redundancy fund, and empower the Industrial Tribunal to enforce its own decisions. He reiterated that no labour certificates would be issued unless the Labour Department was confident there are no available Bahamians who meet the requirements for a specific job.
From pg B1 is so large, and its cost so high, that it bears no resemblance to the work they might send you. “The requirement is patently a discriminatory, exclusionary, anti competition measure based not in the slightest extent on the lawyer’s competence, skill or acumen in doing mortgages.” Dr Maynard pledged to make mortgages/conveyancing work, and other commercial work, more accessible to all Bar members if elected as president - an office he has held before. He promised to “reduce and rationalise professional indemnity restrictions” through discussions with
From pg B1
had proven fruitless. “I reached out, I called, I texted, but I’ve heard nothing yet about the route they’re going, what the plan is,” he added. “They met with the insurers and I was like: ‘Wow, they saw fit to do that and not meet with the MAB. We have heard absolutely nothing as the MAB. “It would surprise me that they had a meeting with the insurers and not the physicians, even though I spoke, texted and e-mailed.” Dr Pierre emphasised that it was “crucial” for doctors, and the wider healthcare industry, to be briefed - and give input to - the Government’s NHI reform plans as soon as possible. Private sector buy-in remains vital to NHI’s success, and Dr Pierre said agreeing a “fee schedule” for doctor compensation was one of many issues that had to be agreed. “There’s the whole mechanism of this thing,” he explained. “It was difficult with primary care, but with secondary and tertiary care added in you’re looking at an even more complex system.” Dr Pierre told Tribune Business that based on what the Minnis administration had disclosed to-date, he was concerned about plans to broaden it beyond the $100 million primary care phase initiated by its predecessor. “Prior to the election everyone was saying NHI was too expensive, that they couldn’t do it, we don’t know what it will cost, and all of a sudden they’re going to expand it to include tertiary care,” he said. “With this NHI thing it seems like they’re going to spend more money. I don’t know where it’s coming from. They haven’t asked us for anything. We had a plan put together by the stakeholders that involved no large increases in spending.” Dr Pierre also criticised the $10 million spent on foreign consultants by the former Christie administration, including Sanigest Internacional and the KPMG and PricewaterhouseCoopers (PwC) accounting firms. Suggesting that the Bahamas had received little in return, he added: “Those consultants have gone away, been well paid, and the Bahamian people are still suffering and nothing has happened.” He also questioned Dr Sands’ suggestion that the Government might legislate to force insurers to cover women with the BRCA 1 and BRCA 2 gene mutations, given that the Journal of the American Medical Association (JAMA) found women with the former had on average a 72 per cent risk of developing breast cancer by the age of 80. “Are you going to force insurers to insure those people,” Dr Pierre asked. “That will destroy the insurance industry.” He added that the MAB wanted to give the new government “a chance”, and planned to write another letter requesting a meeting over NHI.
the mortgage-lending institutions, and to use the Bar’s “strength in numbers” to get insurance companies to offer a group policy that makes costs more affordable. Dr Maynard told Tribune Business of the current situation: “It impacts upon firms who want to do more commercial work. We need to make it more widely accessible. “We have 1,300 lawyers or thereabouts at the Bar. Many have ample financial and banking experience, but may well see very little work because it will go to a few firms. “There are some skilled lawyers in boutique and medium-sized firms that would like to get commer-
“Additionally, public officers assigned to this unit are faced with members of the public that walk into our offices seeking advice, of which 94 per cent have been resolved without the filing
of officers assigned to the unit, and highlights the tremendous effort of the staff and department to contributing to a smooth and stable industrial relations environment in the country.”
THE WEATHER REPORT
5-Day Forecast
TODAY
ORLANDO
High: 86° F/30° C Low: 72° F/22° C
TAMPA
THURSDAY
FRIDAY
SATURDAY
SUNDAY
Clouds and sun, a t‑storm in spots
Partly cloudy with a shower
Partly sunny with a shower in spots
Mostly sunny
Mostly sunny
Partly sunny with a shower in spots
High: 92°
Low: 81°
High: 93° Low: 79°
High: 93° Low: 81°
High: 92° Low: 81°
High: 92° Low: 81°
AccuWeather RealFeel
AccuWeather RealFeel
AccuWeather RealFeel
AccuWeather RealFeel
AccuWeather RealFeel
AccuWeather RealFeel
110° F
90° F
104°-84° F
103°-88° F
103°-89° F
105°-89° F
High: 90° F/32° C Low: 77° F/25° C
The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure and elevation on the human body—everything that affects how warm or cold a person feels. Temperatures reflect the high and the low for the day.
N
almanac
E
W
ABACO
S
N
High: 85° F/29° C Low: 80° F/27° C
4‑8 knots
S
High: 89° F/32° C Low: 78° F/26° C
4‑8 knots
FT. LAUDERDALE
FREEPORT
High: 88° F/31° C Low: 78° F/26° C
E
W S
E
W
WEST PALM BEACH
N
High: 87° F/31° C Low: 77° F/25° C
MIAMI
High: 90° F/32° C Low: 79° F/26° C
3‑6 knots
KEY WEST
High: 89° F/32° C Low: 81° F/27° C
NASSAU
Forecasts and graphics provided by AccuWeather, Inc. ©2017
High: 86° F/30° C Low: 80° F/27° C
N
The higher the AccuWeather UV IndexTM number, the greater the need for eye and skin protection.
tiDes For nassau High Today
Ht.(ft.)
12:12 p.m. 2.8 ‑‑‑‑‑ ‑‑‑‑‑
Low
Ht.(ft.)
6:09 a.m. ‑0.3 6:19 p.m. 0.0
Thursday 12:33 a.m. 1:10 p.m.
3.1 2.7
7:02 a.m. ‑0.2 7:19 p.m. 0.3
Friday
1:27 a.m. 2:09 p.m.
2.9 2.7
7:56 a.m. 0.0 8:20 p.m. 0.5
Saturday
2:23 a.m. 3:07 p.m.
2.6 2.6
8:49 a.m. 0.2 9:22 p.m. 0.6
Sunday
3:18 a.m. 4:03 p.m.
2.5 2.6
9:40 a.m. 0.2 10:22 p.m. 0.7
Monday
4:13 a.m. 4:55 p.m.
2.3 2.7
10:30 a.m. 0.3 11:17 p.m. 0.7
Tuesday
5:05 a.m. 5:43 p.m.
2.3 2.8
11:17 a.m. 0.3 ‑‑‑‑‑ ‑‑‑‑‑
sun anD moon Sunrise Sunset
6:23 a.m. Moonrise 8:04 p.m. Moonset
11:07 a.m. none
First
Full
Last
New
Jun. 30
Jul. 8
Jul. 16
Jul. 23
CAT ISLAND
E
W
High: 86° F/30° C Low: 80° F/27° C
N
S
E
W S
6‑12 knots Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.
Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 88° F/31° C Low .................................................... 76° F/24° C Normal high ....................................... 87° F/31° C Normal low ........................................ 74° F/24° C Last year’s high ................................. 88° F/31° C Last year’s low ................................... 73° F/23° C Precipitation As of 2 p.m. yesterday ................................. 0.03” Year to date ................................................. 5.75” Normal year to date ................................... 13.10”
ELEUTHERA
High: 92° F/33° C Low: 81° F/27° C
4‑8 knots
ANDROS
SAN SALVADOR
GREAT EXUMA
High: 86° F/30° C Low: 79° F/26° C
High: 85° F/29° C Low: 80° F/27° C
N
High: 88° F/31° C Low: 81° F/27° C
E
W S
LONG ISLAND
insurance management tracking map H
uV inDex toDay
TONIGHT
High: 87° F/31° C Low: 79° F/26° C
6‑12 knots
MAYAGUANA High: 86° F/30° C Low: 80° F/27° C
Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.
CROOKED ISLAND / ACKLINS RAGGED ISLAND High: 84° F/29° C Low: 79° F/26° C
High: 86° F/30° C Low: 79° F/26° C
GREAT INAGUA High: 88° F/31° C Low: 80° F/27° C
N E
W
N E
W
S
S
7‑14 knots
8‑16 knots
marine Forecast ABACO ANDROS CAT ISLAND CROOKED ISLAND ELEUTHERA FREEPORT GREAT EXUMA GREAT INAGUA LONG ISLAND MAYAGUANA NASSAU RAGGED ISLAND SAN SALVADOR
Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday:
WINDS SE at 4‑8 Knots SE at 4‑8 Knots SE at 4‑8 Knots ESE at 6‑12 Knots SE at 6‑12 Knots ESE at 7‑14 Knots ESE at 8‑16 Knots E at 8‑16 Knots SSE at 4‑8 Knots ESE at 6‑12 Knots ENE at 4‑8 Knots ESE at 6‑12 Knots SE at 6‑12 Knots ESE at 7‑14 Knots E at 8‑16 Knots ENE at 8‑16 Knots ESE at 7‑14 Knots E at 8‑16 Knots ESE at 7‑14 Knots E at 8‑16 Knots SSE at 3‑6 Knots ESE at 4‑8 Knots SE at 7‑14 Knots E at 8‑16 Knots SE at 6‑12 Knots ESE at 7‑14 Knots
WAVES 2‑4 Feet 1‑3 Feet 0‑1 Feet 1‑2 Feet 2‑4 Feet 2‑4 Feet 2‑4 Feet 3‑5 Feet 2‑4 Feet 2‑4 Feet 1‑2 Feet 1‑2 Feet 1‑2 Feet 1‑2 Feet 2‑4 Feet 3‑5 Feet 1‑3 Feet 2‑4 Feet 3‑5 Feet 3‑5 Feet 0‑1 Feet 1‑2 Feet 1‑3 Feet 2‑4 Feet 1‑3 Feet 1‑3 Feet
VISIBILITY 5 Miles 5 Miles 5 Miles 8 Miles 8 Miles 10 Miles 10 Miles 10 Miles 5 Miles 8 Miles 5 Miles 5 Miles 8 Miles 10 Miles 10 Miles 10 Miles 8 Miles 10 Miles 10 Miles 10 Miles 5 Miles 8 Miles 8 Miles 10 Miles 8 Miles 10 Miles
WATER TEMPS. 83° F 83° F 85° F 85° F 81° F 81° F 83° F 83° F 82° F 82° F 84° F 84° F 84° F 84° F 83° F 83° F 83° F 83° F 84° F 83° F 83° F 83° F 83° F 83° F 83° F 83° F