06202017 business

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TUESDAY, JUNE 20, 2017

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Port Lucaya: ‘95% won’t survive further 2 months’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net TENANTS in Freeport’s Port Lucaya Marketplace are planning a march to highlight their plight, one operator saying yesterday: “I can’t see 95 per cent of us surviving another two months.”

Troy Cartwright, who is leading efforts to organise the march, told Tribune Business that he and other retail/restaurant operators were in “crisis” after the Memories and Grand Lucayan closures caused a 95 per cent consumer traffic fall-off.

He explained that this had resulted in revenues at his business, Nikki’s Trinkets, collapsing from $15,000-$18,000 per month prior to Hurricane Matthew to just $50 every two days “if I’m lucky”.

Besides being unable to retain staff and purchase inventory, Mr Cartwright said the sales loss had left him - and many others struggling to meet their rent

Tenants plan march to highlight plight Revenues down to $50 every two days Seek to ‘expose Hutchison as bad guy’ and electricity bills.

Pledging to “redouble” efforts to form a march, he said the initiative was not intended to be anti-government - but rather “to expose Hutchison Whampoa as the bad guy”.

Many Freeport residents and businesses view the Hong Kong-based conglomerate as the principal cause of Freeport’s latest woe, due to its failure to repair and re-open the hotels following Matthew - a failure that saw Memories and Sunwing abandon Grand Bahama.

Mr Cartwright said that while the Minnis adminis-

GRAND LUCAYAN tration’s plans for reviving Grand Bahama’s economy were welcomed, he warned that many businesses may not survive to see them “materialise”.

“We are in incredibly bad shape,” he told Tribune Business of Port Lucaya Marketplace. “We’ve lost 95 per cent of our traffic. Before the storm, I was clearing $15,000-$18,000 per month. Right now, I’m lucky to make $50 every 48 hours.”

Mr Cartwright’s financial situation is typical of many tenants previously inter-

viewed by Tribune Business, some of whom have already closed their stores.

The Breaker’s Cay (Grand Lucayan) and Memories closures have deprived Grand Bahama of more than 1,000 hotel rooms, while also costing Port Lucaya Marketplace tenants a significant portion of their customer base.

With access to the Grand Lucayan beach still closed, visiting cruise ships have directed their passengers away from the Lucaya area to ‘beach break, excursion See PG B3

Govt ‘minded to Govt ‘will not rest’ until Grand aid’ manufacturers Lucaya solution achieved over tariff slashes

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Government will today give “a definitive response” to opponents of its Budget tariff cuts, the Deputy Prime Minister saying it was “minded” to assist Bahamian manufacturers.

K P Turnquest yesterday pledged it would ensure local manufacturers remain competitive against rival imports, with any cuts likely to cause “hardship” under review.

“We are considering their request, and we are minded to do something in respect of that,” Mr Turnquest said of the cries from Bahamian drink, paint and battery manufacturers.

“Obviously, the Government of the Bahamas is very much interested, as stated in our plans, in wanting to support local manufacturing as it does create opportunities See PG B4

‘Definitive position’ on cuts push back today DPM promises to keep sector competitive But producers must compete with no protection

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THE Government yesterday said it was seeking “the best redevelopment deal” possible for the Grand Lucayan resort and associated amenities, promising it “will not rest” until this is achieved.

Senator Kwasi Thompson, minister of state for See PG B2

Seeking ‘best redevelopment deal’ possible And ‘painfully aware’ of ongoing suffering Sale details not completed before election

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GOVT ‘ON HOOK’ FOR $50M MATTHEW VAT REFUND BILL

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Government could be “on the hook” for a $50 million-plus Value-Added Tax (VAT) refund bill as a result of Hurricane Matthew insurance claims, an industry executive said yesterday.

Anton Saunders, RoyalStar Assurance’s managing director, estimated that industry-wide gross losses from last October’s storm could total $800 million.

He suggested that the ‘refund’ bill would be 7 per cent of this sum, which is $56 million, and added that the industry and Government will “have to come to a happy medium” on how this will be addressed.

“The insurance industry and the Government have

Insurers seek ‘happy medium’ resolution Storm’s gross claims forecast to be $800m RoyalStar sees top ratings confirmed to determine the way forward,” Mr Saunders told Tribune Business. “The Government owes the insurance industry refunds [on the Matthew claims], and we have to come to a happy medium on how that will be dealt with.”

Mr Saunders said that based on the $112 million worth of gross claims unveiled by J. S. Johnson in See PG B4

Davis slams tax cuts for ‘those most able to pay’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Opposition’s leader yesterday questioned why the Government was providing Budget tax breaks to wealthy individuals and businesses given its claim that “the cupboard is bare”.

Philip Davis used his Budget debate contribution to assert that the duty and Excise tax cuts were targeted at “those who can most afford to pay”, and that the Budget “brings no relief to the poor”.

He argued that in contrast to its “cupboard is bare” claim, the Minnis administration was foregoing “much-needed revenue” on equipment and products such as washing machine See PG B2

Queries revenue foregone ‘if cupbwoard bare’ Targets washing machine, paint supply links Budget ‘washes, cleans, presses you’

OPPOSITION LEADER PHILIP DAVIS

PAGE 2, Tuesday, June 20, 2017

THE TRIBUNE

PM’S ADDRESS ATTRACTS RECORD BHTA AUDIENCE THE Bahamas Hotel and Tourism Association’s (BHTA) June Board and membership meeting drew a record 180-strong attendance for a speech by the Prime Minister, Dr Hubert Minnis.

Members from Andros, Abaco, the Berry Islands, Cat Island, Eleuthera, Exuma, Grand Bahama and Nassau attended, along with government officials.

Those present from the private sector included business owners and operators, and senior executives and entrepreneurs, from hotel properties; destination management companies; service providers; communication companies; public relations and accounting firms; spas; food and liquor wholesalers; attractions; insurance companies; and educators.

“The sheer number of people who came out to hear the Prime Minister speak about the Govern-

ment’s plans and strategies to build a robust tourism economy was telling,” said Carlton Russell, BHTA president.

“What was most significant, however, was the vast range of diverse tourism stakeholders gathered in the room that day. It shows how our tourism industry impacts virtually every sector of our economy. The adage, ‘Tourism is everybody’s business’, could not have been better showcased”.

The Prime Minister spoke of his administration’s plans to introduce a number of initiatives geared towards diversifying the nation’s tourism product, and increasing its profitability.

His address spoke of reenergising Nassau and stimulating Grand Bahama’s tourism economy through a “workable plan”, which included “positioning Freeport and the district of Lucaya as a maritime, sports

and wellness destination; east Grand Bahama as an eco-tourism mecca; and west Grand Bahama as a site for culture”.

The near 30-minute address incorporated a number of strategies, including “an incentive framework for entrepreneurs which would faciliate local and international access to capital, encourage joint ventures among private interests, facilitate improvements of business advisory, and encourage the cultivation of tools to stimulate Bahamian entrepenuership in tourism”.

The Prime Minister’s address was well received by BHTA senior executives, members and industry stakeholders. The president’s report, given moments earlier by Carlton Russell, reflected similar sentiments, including strategies to further develop, diversify and strengthen the tourism industry.

PICTURED from L to R: Joy Jibrilu, director-general, Ministry of Tourism; Parliamentary Secretary, Travis Robinson; Prime Minister, Dr Hubert Minnis; Dionisio D’Aguilar, minister of tourism and aviation and Bahamasair; Suzanne Pattusch, executive vice-president, Bahamas Hotel and Tourism Association; and Carlton Russell, resident of the Bahamas Hotel and Tourism Association. Photo/ KEMUEL STUBBS

Govt ‘will not rest’ until Grand Lucaya solution achieved

Wynn Group, had not closed prior to the May 10 general election despite the ‘Letter of Intent’ that was much-touted by the former government.

While not providing details, Mr Thompson said the Government was in contact “almost on a daily basis” with the parties involved with the Grand Lucayan, presumably meaning Wynn and current owner, Hutchison Whampoa.

“The redevelopment and reopening of the Lucayan Strip is a major priority - not just for my office in Grand Bahama, but I believe it is a national priority,” Mr Thompson told Tribune Business.

“It is vital that we bring back economic activity to that strip, including the Port Lucaya Marketplace.

Grand Bahama needs this hotel to be open, and it needs our people to be employed without question.”

He added: “The closure has had a major effect on our tourism product in Grand Bahama. We have a sense of urgency because we knew before we came to office that Grand Bahamians were suffering. They elected us for this reason.

“The Government is painfully aware of the situation. I live here and see the effects every day. It is what motivates us to work without ceasing to bring relief.”

The Minnis administration has placed Grand Bahama and Freeport at the centre of its plans to revive the Bahamian economy, unveiling plans to target specific tourism niches, the

film/TV industry and financial services as growth opportunities for the island.

However, these initiatives are all longer term, and there are signs that the new government’s ‘honeymoon period’ may already be wearing off in Freeport unless it can rapidly resolve the Grand Lucayan’s closure and associated problems.

“The Government is doing all it can to complete the redevelopment,” Mr Thompson emphasised yesterday. “Although a sale was announced, the details of the sale and development were not completed prior to the election.

“It is important that the hotel strip is not just sold, but redeveloped and reopened for the benefit of the island. This is what

this government is working diligently to ensure; that is, arriving at the best redevelopment deal.”

The Senator added: “The Government is treating this matter with urgency while it proceeds through the usual processes prior to approval.

We are communicating with those involved almost on a daily basis to ensure that the Government does all it can to redevelop and reopen the hotel strip in the shortest period of time.

“The Government is very aware of the plight of the Port Lucaya tenants. We must deal with the situation that was left in place and that is exactly what we are doing. The tenants should be assured that we were elected to bring relief, and will not rest until this is done.”

2017-2018 Budget duty cuts related only to residential washers and dryers - not the commercial washers imported by laundromats such as Superwash.

Mr D’Aguilar said Superwash had benefited when the former Christie administration slashed duty rates on washers weighing less than 25 pounds, as it carried several such models.

However, Mr Davis retorted that he was speaking to washing machine and dryer parts, not the whole machine.

He later returned to this them, suggesting that MPs whose children “have a major interest” in paint supply

stores “should perhaps declare this”.

Although Mr Davis did not identify who he was talking about, he appears to have been referring to documents circulating on social media showing the 2015 corporate filings for Bahamian Paint Supply Ltd. These list ‘The Trustees of the Brent Symonette Children’s Trust’ as holding 372 ‘Class A’ shares, and 225 ‘Class B’ shares, in the company. Another major shareholder in the company is listed as Craig Symonette, brother of Mr Symonette, who is now minister of financial services, trade and commerce and Immigration.

Paints are one of the products earmarked for a duty rate slash in the 20172018 Budget, with the tariff set to be cut from 45 per cent to 25 per cent. Leslie Miller, the former minister of trade and industry, and himself a paint supplier, last week said the current duty rate on imported paint is 60 per cent, making the depth of the cut even deeper.

Mr Davis also hit out at the Business License fee reduction, which only benefits one category of company - the largest, which have turnovers exceeding $50 million.

He referred to Rupert Roberts, Super Value’s owner, telling Tribune

Business that the cut - from 1.5 per cent to a 1.25 per cent rate - would save the supermarket chain more than $440,000 per year, while another business was set to save $500,000.

Continuing with the ‘class warfare’ theme, Mr Davis said: “How will ordinary working families, ordinary Bahamians benefit from this Budget? Trickle down economics has never worked in the Bahamas as the benefits never reach the wallets of ordinary people.

“If the cupboard is bare, why is the Government offering such generous tax breaks to the wealthy and those most able to afford it and pay taxes?”

From pg B1 Grand Bahama, told Tribune Business that the Minnis administration was “painfully aware” of the devastating economic and social consequences resulting from the loss of more than 1,000 hotel rooms.

The Grand Bahama Island Tourism Board yesterday said the island had lost 59 per cent of its hotel room inventory as a result of Memories’ closure/ pull-out, and the continued closure of the Grand Lucayan’s Breaker’s Cay property, in the aftermath of Hurricane Matthew.

And Port Lucaya Mar-

ketplace tenants are planning to march to draw attention to their plight, amid concerns that the majority “may not be able to survive another two months” following the loss of their customer base with the hotels’ closure (see other article on Page 1B).

Mr Thompson yesterday said the Government was doing “all it can” to get the resort properties open as rapidly as possible, adding that it had inherited the situation from the former Christie administration.

He confirmed that the Grand Lucayan’s proposed sale to Canadian-based real estate developer, the

Davis slams tax cuts for ‘those most able to pay’ From pg B1 parts, aircraft parts and maintenance, paints and salmon.

“Those wealthy enough to own airlines, paint supply stores and wash houses must be extremely pleased with how it’s their time,” Mr Davis said, suggesting the tariff cuts were “primarily payback” to the Free National Movement’s (FNM) supporters and election campaign financiers.

“This Budget washes

you, cleans you and presses you,” he added, seemingly referring to the presence of Superwash owner, Dionisio D’Aguilar, in the Minnis Cabinet as minister of tourism, aviation and Bahamasair.

“It’s indeed the people’s time. But the identity of those people is coming into sharper relief as the days go by.”

Rising on a point of order, Mr D’Aguilar accused Mr Davis of misleading the House of Assembly, as the

THE TRIBUNE

Tuesday, June 20, 2017, PAGE 3

Bahamas Ferries extends freight services to Abaco BAHAMAS Ferries has extended its freight services to Marsh Harbour, Abaco, with the addition of its latest vessel, the M/V Inagua Spray.

The Inagua Spray, a 246.5-foot roll-on/roll-off (RoRo) vessel, is capable of shipping 18 40-foot containers and two 20-foot containers, or 40 20-foot containers. The vessel ships vehicles, dry and refrigerated containers, break-bulk freight, heavy equipment and oversized project cargo.

To meet customers’ demands, the vessel will provide direct service into

Marsh Harbour. As the largest cargo vessel in Bahamas Ferries’ fleet, the Inagua Spray will also provide transshipments between Freeport and Abaco.

It sails twice weekly to Freeport on Sundays and Wednesdays, and once a week to Marsh Harbour on Mondays. The Inagua Spray is also available for domestic and international charter services between South Florida and the Bahamas.

With this addition of the Inagua Spray to its fleet, Bahamas Ferries now operates seven vessels: M/V Bo

Hengy II; M/V Bo Hengy III; M/V Eastwind; M/V Inagua Spray; M/V Seawind; M/V Sealink; and M/V Eleuthera Express.

Bahamas Ferries provides one-way and roundtrip travel services to Abaco, Andros, Eleuthera, Exuma, Grand Bahama, Long Island and New Providence. It also offers freight and charter services, harbour cruises, day-away excursions to Harbour Island, and provides students of all ages with an environmental, cultural and historical prospective of the Family Islands through its educational programme.

BAHAMAS Ferries has rolled out freight services to Marsh Harbour, Abaco, with the addition of its newest vessel, the M/V Inagua Spray.

GB: 59% OF ROOM INVENTORY OFF-LINE THE Bahamas Hotel and Tourism Association (BHTA) has followed through on a promise to help with Hurricane Matthew restoration on Grand Bahama, where 59 per cent of the island’s total room inventory remains off-line.

The BHTA, during the Grand Bahama Island Tourism Board’s (GBITB) June 8 directors’ meeting, made a financial donation to help restore hard-hit tourism areas.

The donation was made

by Suzanne Pattusch, the

BHTA’s executive vicepresident, made the donation on both its behalf and that of the Caribbean Hotel and Tourism Association (CHTA).

The CHTA, in a February 25 statement, said: “Recognising the considerable hardship and damage which Haiti and part of the northern Bahamas faced in the aftermath of the hurricane, CHTA president, Karolin Troubetzkoy, called upon fellow hoteliers in the region to respond to the association’s call for support.”

Port Lucaya: ‘95% won’t survive further 2 months’ From pg B1 and tour providers.

Mr Cartwright said his business had previously been rated “the most original Bahamian store” in the Marketplace, as it sold only authentic local products such as seashell jewellery, conch shells, straw hats and canvas paintings.

“None of our products are made in China,” he emphasised. “Everything is crafted and created by Bahamian hands. We did beachcomber tours at Eight Mile Rock Beach, picking up sea shells and glass on the beach. They loved it; absolutely loved it.

“But since the hurricane we’re in a position where we can’t pay our rent, have difficulty keeping the electricity on, and can’t hire or keep on staff - we have to run it ourselves.

“It’s the same story for all the tenants at Port Lucaya.

I can’t see how 85-95 per cent of Port Lucaya tenants can survive another two months. Right now, the only way we can see close to significant sales is if it’s raining and we have a [cruise] ship in at the same time.”

Port Lucaya’s prospects of suffering the same fate as the International Bazaar, another dining/shopping location whose success was tied to the existence of a major resort (Royal Oasis), are increasing with every day that the Grand Lucayan property remains closed.

Tribune Business understands that Port Lucaya Marketplace tenants are becoming increasingly frustrated about the perceived lack of information coming from the Minnis administration about the progress

of efforts to sell the Grand Lucayan.

The Prime Minister, while in Grand Bahama at the weekend, said vaguely: “We are continuing talks with those interested parties in the Lucayan strip redevelopment. My government is hopeful that these talks will lead to the redevelopment and reopening of this strip in the shortest period of time possible.”

K P Turnquest, the Deputy Prime Minister, yesterday told Tribune Business that the Government was giving the Grand Lucayan situation priority attention given its importance to “the economic survival of Port Lucaya Marketplace”.

“We recognise that the opening of that property is of critical importance to Grand Bahama, and the economic survival of the Port Lucaya Marketplace and the vendors around it,” he said. “It’s getting the utmost attention from the Government.

“The entire island of Grand Bahama is obviously very concerned about where we are, and the status of the property,” the east Grand Bahama MP added. “We are working as hard and diligently as we can to get this matter resolved, and the hotel open as soon as possible.”

Mr Turnquest declined to provide details, referring Tribune Business to Kwasi Thompson, minister of state for Grand Bahama, as the Prime Minister’s Office has primary responsibility for the Grand Lucayan matter (see other article on Page 1B).

A Canadian real estate developer, the Wynn Group, was identified as the

L-R: REMBERT ALBURY, executive vice-president, GBITB; Suzanne Pattusch, executive vicepresident, BHTA; and Ellison ‘Tommy’ Thompson, chairman, GBITB and the Ministry of Tourism’s deputy director-general. Photo/ GBITB The statement added that “CHTA developed a fundraising initiative through online auction channel, CharityBuzz.com, with which CHTA previously collaborated on a relief and recovery project for Dominica. Regional hoteliers do-

nated room nights for the auction to benefit residents in Haiti and the Bahamas, some of whom continue to struggle to put their lives back in order”.

Ellison ‘Tommy’ Thompson, the GBITB’s chairman, said that “in consul-

tation with the BHTA, we have identified areas in which the funds will be used”.

He added: “The funds will be used towards addressing long-term improvements to those related areas affected in the tour-

ism industry.”

Grand Bahama was one of the islands hardest-hit

by Hurricane Matthew.

Only 41 per cent of the total hotel room inventory is open for business, as Memories Grand Bahama and Grand Lucayan’s Breakers Cay - which together represent most of the capacity - remain closed.

The Grand Bahama Island Tourism Board, in partnership with the Ministry of Tourism, continues to promote the island, with focused attention on the current available rooms and attractions. Specific focus is being placed on the ecotourism sector, together with boating and fishing, as well as the festivals and events hosted by the Ministry of Tourism.

Grand Lucayan’s prospective purchaser prior to the 2017 general election, with the former Christie administration touting its signing of a ‘Letter of Intent’ with Hutchison Whampoa.

Philip Davis, the Opposition’s leader, yesterday told the House of Assembly that negotiations between Wynn and Hutchison Whampoa were at an “advanced stage” when the Christie administration left office, and all the new government had to do is “see the project through”.

However, little progress seems to have been made towards closing a purchase since then. Wynn’s plans are understood to involve branding an enlarged casino with the Hard Rock brand, and construction of two new condo hotel towers at the Grand Lucayan property.

Yet Tribune Business sources have suggested that a sales agreement has yet to be signed, with Wynn understood to still be seeking the capital necessary to consummate a purchase and its expansion plans.

Government contacts yesterday suggested that Wynn was just one of the potential purchasers that the Government is talking to.

“They’re having discussions with a couple of buyers and operators, and are expecting them to come back to them with a position with respect to what they want to offer very shortly,” one source said of the Government’s stance.

“The Government has put some things to the potential investors, and they’re waiting for them to come back with a final plan.”

Mr Cartwright, meanwhile, blamed Hutchison Whampoa’s failure to open the resort and provide beach access as the chief

cause of Port Lucaya Marketplace’s plight.

“The bad guy in this is Hutchison Whampoa,” he told Tribune Business.

“They abandoned that property. Memories was a very successful resort, and brought us a whole new stream of revenues from Canadian visitors.

“Those Canadians loved it, but Hutchison Whampoa refused to pay for the hurricane repairs and renovations at the hotel.”

Confirming plans for the march, Mr Cartwright added: “I’m leading the effort.

We’re going to redouble our efforts, starting today.

“It’s [the march] definitely going to draw the Government’s attention, but it’s also to expose Hutchison Whampoa as the bad guy.

Hutchison Whampoa is our biggest problem.

“I’m sitting here with [attorney] Carey Leonard right now discussing the possibility of suing Hutchison Whampoa. Great harm was caused when they closed that hotel. The perfect scenario would be for Hutchison Whampoa to repair those hotels and open them.”

Mr Cartwright said the Minnis administration’s

plans for Grand Bahama, which include targeting niche tourism markets, the film industry and financial services, were a good longterm strategy but did little to address the immediate emergency.

“We do appreciate the long-term plans, but nothing has been said about

the current crisis,” he told Tribune Business. “What good are long-term plans if we can’t be there when they materialise?

“I believe our Prime Minister should have been here on May 11 for a crisis management meeting. That’s where we’re at right now.

We need that mentality.”

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PAGE 4, Tuesday, June 20, 2017

Govt ‘minded to aid’ manufacturers over tariff slashes From pg B1 and employment for our people.

“To the extent the proposal causes hardship, we want to look at that,” he added. “Tomorrow [today] we will come back with a definitive position, but we are minded to consider their request.

“We’re likely to make sure local manufacturers can stay or be competitive.”

Tribune Business revealed yesterday how Bahamian juice drink manufacturers fear their businesses will suffer “irreparable harm” if the Government goes through with plans to eliminate the current 60 per cent duty on rival imports.

Aquapure warned it may have to terminate up to 20 staff if the proposal is implemented, as sales for its

Tampico product will be eroded by more price-competitive imports.

Leslie Miller, former minister of trade and industry, raised similar concerns on behalf of local paint and battery manufacturers the previous week, warning that the planned tariff cuts would have a similar effect in those sectors.

“There are one or two concerns that do not really arise, as they do not affect local manufacturers at all or affect them marginally,” Mr Turnquest told Tribune Business. “Tomorrow, we will come back with a considered, definitive position on all this.”

While indicating that the Minnis administration was set to respond favourably to the cries of Bahamian manufacturers, Mr Turnquest

Govt ‘on hook’ for $50m Matthew VAT refund bill From pg B1 its 2016 annual report, and RoyalStar’s own $300 million “inclusive of all net refunds”, industry-wide insurance claims stemming from Matthew were likely to be around $800 million.

“You do the math,” he responded, when asked

by Tribune Business how much the collective VAT refund bill was likely to be.

“I believe that figure is going to be $800 million,” Mr Saunders said of the

gross claims, “and the Government is going to owe 7 per cent of that number.”

He suggested the high Matthew-related VAT refund bill was largely of the Government’s own making, given that the Christie administration had rejected the industry’s arguments in 2014-2015 not to impose the 7.5 per cent levy on property and casualty premiums.

“That is the law they passed,” Mr Saunders said,

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THE TRIBUNE reiterated that this nation needed to identify non-protectionist measures to make these industries more competitive.

He argued that tariff barriers to foreign imports were losing their effectiveness regardless of whether the Bahamas became a full World Trade Organisation (WTO) member or entered into other liberalised, rulesbased trading regimes, which see such measures as impediments to global trade.

“It is also important that we let the business community know that we’re going to have to figure out how we can be more competitive in an open market,” Mr Turnquest told Tribune Business.

“We have to look at other factors that affect the cost of doing business in the Bahamas, so they can be competitive without protection.”

The Minister identified

reduced energy costs as one production input that would help all Bahamasbased businesses, and added: “Whether we eventually join the WTO or not, the globe is getting more competitive.

“To survive as manufacturers, we have to step up our game and do business in a global environment.

To that end, we will be setting up a Competitiveness Council to see to what extent we can assist local manufacturers - and those who could be manufacturers - to help improve their processes, competitiveness and efficiency.”

Mr Turnquest warned that “even to the extent they [tariff barriers] remain in force they may not be effective”, given the global drive to reduce or eliminate them.

The Minister’s comments are again a subtle warning that Bahamian businesses cannot rely on

protection from outside competition for ever, given the move to enter rulesbased, liberalised trading regimes that seek to remove tariffs and other forms of protectionism.

The Government’s introduction of Value-Added Tax (VAT) on January 1, 2015, as its main revenue earner is seen by many as a necessary step towards the gradual reduction, and eventual elimination, of many import duties in line with the Bahamas’ growing trade commitments.

However, the Minnis administration’s Budget tariff cuts were yesterday seized upon by the Opposition leader, who accused it of placing Bahamian manufacturers “in peril”.

Philip Davis, in his contribution to the Budget debate, said: “I invite the Government to look at the rebates they intend to give, as they will have an adverse effect on the ever-evolving,

but challenged, light industries in the Bahamas.”

Specifically pointing to paint and toilet tissue manufacturers, Mr Davis said the tariff cuts would act as a disincentive to both existing businesses and those entrepreneurs seeking to enter the sector.

“The light industries and farming industries are being put in peril by what is now intended by the Budget,” he added. Mr Davis argued that manufacturers “must operate against all odds”, and the Government’s plans could “eliminate this sector of our economy”.

The Opposition leader said the change of government every five years made it difficult for manufacturers to plan, and added: “I urge the Government to resist these adjustment, particularly for those items that are manufactured locally.”

“and they passed that with the reservations of the insurance companies. We told them not to do it.

That’s the facts.

“Whatever the gross number ends up being, a percentage of that is what the Government is going to end up being on the hook for.”

The Bahamas is one of very few nations to levy VAT on property and casualty premiums, given that it is difficult to determine exactly where the ‘value has been added’ in the production chain.

Mr Saunders, meanwhile, said the Bahamian insurance market was still “trying to find its way from Hurricane Matthew”.

“All of us are struggling with a small percentage of the claims, but those are the ones that involve public

adjusters,” he added. “We are trying to ensure we can settle them as soon as possible in the near future.

“These should be able to be settled if everyone comes to the table with a fair mind. I think that, in the whole market, these are only 3 per cent of the claims.”

Public adjusters typically assist clients in cases where the latter disputes the insurance payout offered.

Acknowledging that persons and businesses were entitled to engage their services, Mr Saunders said this often delayed payout settlements.

Mr Saunders was speaking after A. M. Best, the insurance credit rating agency, affirmed RoyalStar’s top rankings of ‘A’ (Excellent) for financial strength and its ‘a’ issuer rating. The company’s outlook is stable.

“I think it just reaffirms that the core business of RoyalStar is very strong,” he told Tribune Business of the reaffirmed ratings,

“the fundamentals we have in place with reinsurance protection and very good service to our clients in the past.

“It also demonstrates that despite the economic challenges in the Bahamas, we were able to overcome those challenges.”

Mr Saunders said RoyalStar’s A. M. Best ratings were joint top for the Caribbean region, and he added: “It’s how you manage risk from a capital standpoint and a reinsurance standpoint.

“We always emphasise at RoyalStar quality over quantity, but when the wind blows we are all affected.”

A. M. Best said of its findings: “The ratings reflect RoyalStar’s supportive risk-adjusted capitalisation, strong operating performance and its established presence in the Caribbean market.

“The company continues to generate overall earnings, which are derived from its strong underwriting performance and steady levels of investment income, es-

pecially in non-catastrophe years. Positive earnings have enabled RoyalStar to continue to maintain more than adequate risk-adjusted capitalisation.”

On the downside, A. M. Best largely noted factors outside RoyalStar’s direct control. “Partially offsetting these positive rating factors are its geographic concentration in the Bahamas, the company’s exposure to weather-related catastrophe events and its dependence on reinsurance to mitigate losses and protect its surplus,” the rating agency added.

“Additionally, Caribbean insurance markets remain very competitive as soft market conditions persist.

RoyalStar mitigates much of its catastrophe exposure through prudent risk management planning, which includes minimising coverage written in flood and storm surge areas, along with a comprehensive reinsurance programme placed with a panel of high-quality reinsurers.”

BANCO SANTANDER BAHAMAS INTERNATIONAL LIMITED has an immediate vacancy for a

Private Banking Marketing Officer –Senior Banker Applicants must hold the following: -

Bachelor/Master’s degree in Finance, Economics, Business or related degree.

A minimum of 10 years’ experience in private banking

Applicants should also be capable of the following: 1 2 3 4 5 6

Totally fluent in English and Spanish Develop and manage a portfolio of private banking clients by analyzing the banking and investment needs of corporate and high-net worth individuals and offering financial and investment alternatives.

Maintain existing client relationships by monitoring the financial condition of assigned accounts, executing client instructions, and keeping clients updated as to the changing conditions of financial markets.

Frequent travel to assigned countries to enhance current client relationships and develop new business by meeting with representatives and clients.

Supervise a Private Banking Assistant.

Ensure that all private banking activities are in compliance with internal policies and procedures and external regulatory requirements.

Applications in writing with details of education and experience should be addressed to the Human Resources Manager, P.O. Box N-1682, Nassau, Bahamas not later than June 26, 2017.

GN-1909

MINISTRY OF NATIONAL SECURITY MINISTRY OF NATIONAL SECURITY

PARLIAMENTARY REGISTRATION DEPARTMENT

PU CNN OT PUBLI BLI C OT I CEI CE

MINISTRY OF NATIONAL SECURITY

The Parliamentary Commissioner wishes to inform the general

PU BLI C N OTwishes I CE to inform the gen The Parliamentary Commissioner public that in accordance with Section 12 (6) of the

public Parliamentary thatParliamentary in accordance with 12general (6) of The Commissioner wishes toCornish inform the Elections Act, Mr. DonSection has been public that in accordance with Section 12 (6) of the

appointed Elections to replace Mr. McIntosh as thehas b Parliamentary Act,Jackson Mr. Don Cornish Parliamentary Elections Act, DonDistrict, CornishDuring has been Returning Officer for the CatMr. Island the

appointed to replace Mr. Jackson McIntosh as appointed to replace Mr. Jackson McIntosh ndas the upcoming Local Government Election slated for 22

June,

Returning Officer the Cat District, During the Returning Officer forforthe CatIsland Island District, During 2017. upcoming Local Government Election slated for 22nd June, nd

upcoming Local Government Election slated for 22 2017.

2017.

Parliamentary Commissioner 16th June, 2017

J

THE TRIBUNE

Tuesday, June 20, 2017, PAGE 5

CHINA PROPELS RISE OF ELECTRIC ULTRA-HIGH-PERFORMANCE CARS

By JOE MCDONALD Associated Press BEIJING (AP) — Want an insanely fast ride with zero emissions? Startup NIO has the car: An electric two-seater with muscular European lines and a top speed of 195 miles per hour (313 kilometers per hour).

The catch: The EP9 costs nearly $1.5 million. NIO, a Chinese-Western hybrid with bases in Shanghai, London and Silicon Valley, created it to showcase the company’s technology and had no sales plans. But it is taking orders for “bespoke vehicles” after hearing from buyers ready to pay the eyepopping price.

“We are actually pleasantly surprised how much interest we are getting,” said the CEO of NIO’s U.S. unit, Padmasree Warrior, a veteran of Cisco and Motorola.

NIO is part of a wave of fledgling automakers — all backed at least in part by Chinese investors — that are propelling the electric vehicle industry’s latest trend: ultra-high-perfor-

VISITORS look at the Qiantu K50 displayed at the Shanghai auto show. Qiantu is part of a wave of fledgling automakers - all backed at least in part by Chinese investors - that are propelling the electric vehicle industry’s latest trend: ultra-high-performance cars. (AP Photo/Ng Han Guan) mance cars.

Manufacturers including Detroit Electric, Qiantu Motor, Thunder Power and NEVS aim to compete with Europe, Detroit and Japan by offering top speeds over

150 mph (240 kph) and features including carbon fiber bodies and web-linked navigation and entertainment.

The ventures mix U.S. and European technology with Chinese money and

South Korea scraps plants, signals shift from nuclear energy

By YOUKYUNG LEE Associated Press SEOUL, South Korea (AP) — South Korea, one of the world’s largest nuclear electricity producers, will scrap plans to add nuclear power plants, its president said Monday, signaling a shift in decades of reliance on nuclear energy.

President Moon Jae-in said South Korea will move away from nuclear energy and will not seek to extend the life of existing plants.

He also vowed to cut South Korea’s reliance on coal. South Korea will shut 10 old coal power plants and stop building more coal power plants.

“So far South Korea’s energy policy pursued cheap prices and efficiency. Cheap production prices were considered the priority while the public’s life and safety took a backseat,” Moon said at a ceremony marking the shutdown of the country’s oldest power plant, Kori 1, in Busan, home to South Korea’s largest cluster of nuclear power plants.

“But it’s time for a change.”

The speech was Moon’s followup on his presidential campaigns to cut coal and

SOUTH Korean President Moon Jae-in, center, attends a ceremony marking the shutdown of the country’s oldest nuclear power plant, Kori 1, in Busan, South Korea yesterday. Moon said Monday that South Korea will move away from the nuclear energy and will not seek to extend the life of existing nuclear plants. (Jo Jung-ho/Yonhap via AP) nuclear power. Greenpeace and other environmental groups welcomed Moon’s announcement.

Since the Kori 1 reactor went online in 1978, the resource poor-country added 24 nuclear power plants to meet rising demand for electricity from rapid industrialization and economic development. Last year, a third of electricity in South Korea was produced from nuclear power plants.

Its nuclear power production from 25 nuclear plants in 2016 was the fifth-largest

in the world, according to the World Nuclear Association.

South Korea is also one of the few countries that have exported its nuclear reactor technology, an area once seen by some of its construction companies as a new cash cow. Former President Lee Myung-bak promoted nuclear energy as part of its clean energy strategy and helped local companies win billions dollars of deals to build a nuclear reactor in United Arab Emirates.

manufacturing, reflecting this country’s rise as a market and investor for an industry where Beijing wants a leading role. Communist leaders see electric vehicles

as a way to clear China’s smog-choked cities and as an engine for economic development.

“We really haven’t seen non-Chinese companies get into this super-technology market,” said Chris Robinson, who follows the industry for Lux Research.

NIO’s backers include Chinese tech giant Tencent Holdings, operator of the popular WeChat messaging service; computer maker Lenovo Group, a Singapore government-owned investment fund and U.S.-based IDG Capital, TPG and Hillhouse Capital.

Some brands are following the strategy of Tesla Inc., which debuted with an eye-catching roadster to establish a premium image before launching lowerpriced models.

The instant torque and acceleration of electric cars make them natural performance vehicles.

Detroit Electric, a revival of a pioneering U.S. electric car brand founded in 1907, launched a sports car venture this year with a Chinese battery maker

and the government of Yixing, west of Shanghai. For a base price of $135,000, the company promises zero to 60 mph (100 kph) in 3.7 seconds and a top speed of 155 mph (250 kph).

The first seven of 100 cars ordered by European dealers have been delivered, according to its chairman and CEO, Albert Lam, a former Lotus chief executive. He said the company aims to release an SUV in 2018 and wants to have a four-vehicle lineup by 2020.

“Our target is to be the first Chinese-based vehicle company to sell worldwide,” said Lam. Thunder Power, led by Hong Kong entrepreneur Wellen Sham, has a similarly multinational plan for a sport sedan due out in late 2018.

The company is building a factory in southern China and plans a second in Spain.

Engineering work is being handled by Italy’s Dallara Automobili, which helped develop Bugatti’s Veyron, the fastest street-legal car with a top speed of 255 mph (408.84 kph).

PAGE 6, Tuesday, June 20, 2017

THE TRIBUNE

Resurgent tech stocks lift US indexes to records

By STAN CHOE Associated Press NEW YORK (AP) — U.S. stock indexes climbed again to record heights on Monday, led by technology companies. They followed the lead of European markets, which jumped after French election results raised expectations for more pro-business economic reforms.

KEEPING SCORE: The Standard & Poor’s 500 index rose 17 points, or 0.7 percent, to 2,450, as of noon Eastern time. If it holds there, it will surpass its record closing level of 2,440.35, set last Tuesday.

The Dow Jones industrial average added 113 points, or 0.5 percent, to 21,498, and the Nasdaq composite jumped 70, or 1.1 percent, to 6,222.

TECH REBOUND: Technology stocks in the S&P 500 rose 1.3 percent, the largest gain among the 11 sectors that make up the index. That helped them to recover some of their sharp losses from the last week.

Apple and other industry heavyweights had been among the stock market’s biggest stars, and tech stocks in the S&P 500 were up more than 20 percent for the year until they took a sharp step down two Fridays ago. The worry seems to be that they rose too far, too quickly. Tech stocks lost about a fifth of their yearto-date gains in a little over a week.

On Monday, Apple rose $3.57, or 2.5 percent, to $145.84, and Google’s parent, Alphabet, rose $14.64, or 1.5 percent, to $973.41.

BUY THE DIP, AGAIN: Every time the stock market has shown the slightest bit of weakness in the last eight years, it’s been a good move for investors to buy. That’s because stocks have erased whatever losses they’ve incurred, only to drive higher every time.

PEOPLE stand in front of an electronic stock board of a securities firm in Tokyo yesterday. Asian shares were higher in subdued trading Monday, after Wall Street ended the week barely higher as Amazon’s purchase of Whole Foods sent some retailer stocks downward. (AP Photo/Koji Sasahara)

European stocks buoyed by French election outcome

By YURI KAGEYAMA Associated Press

PEOPLE walk to work on Wall Street beneath a statue of George Washington, in New York. Technology companies and banks are leading stock indexes modestly higher in early trading on Wall Street, yesterday. Apple, Google’s parent company, Alphabet, and Bank of America all rose. (AP Photo/Mark Lennihan, File) That track record has trained investors to pounce whenever they see a dip in the market, and analysts have noticed how ingrained the instinct has become.

“It’s concerning, but I don’t see what breaks it at this point of time,” said Nate Thooft, senior portfolio manager at Manulife Asset Management. “It’s going to be really, really hard to predict what that circumstance is. For the time being, investors are thinking, ‘We can’t afford not to be in this market, and we’ll continue to play along with the dynamics of the gradual melt-up.’”

Thooft expects stocks to continue rising, even with prices high, because bonds look like even less attractive investments. Plus, profit growth is improving for companies, which helps to justify the big gains in their stock prices.

OVERSEAS MARKETS: European shares rose after French voters

gave their new president a political majority in parliament. The vote “will lend him enough support to rapidly implement his probusiness reform program,” said Marion Amiot, senior economist at Oxford Economics. She raised her forecast for French economic growth for 2018 to 1.7 percent from 1.6 percent.

The French CAC 40 gained 0.9 percent, and Germany’s DAX rose 1.1 percent. In Asia, Japan’s Nikkei 225 added 0.6 percent, the Hang Seng in Honk Kong climbed 1.2 percent and South Korea’s Kospi gained 0.4 percent.

The FTSE 100 in London rose 0.8 percent as the United Kingdom opened negotiations to withdraw from the European Union.

BUYOUT BOOST: PerkinElmer, which sells testing equipment and scientific instruments, jumped $3.14, or 4.9 percent, to $66.71 for one of the largest gains in the S&P 500 after it agreed to buy EUROIM-

MUN Medical Laboratory Diagnostics of Germany for $1.3 billion in cash.

A DIFFERENT BUYOUT REACTION: Energy company EQT fell $4.36, or 7.4 percent, to $54.41 for the largest loss in the S&P 500 after it agreed to buy Rice Energy for $6.7 billion in cash and stock. EQT said the deal will make it the country’s largest producer of natural gas.

Rice jumped $5.30, or 26.9 percent, to $24.99.

YIELDS: Bond prices fell, which sent yields higher. The yield on the 10-year Treasury rose to 2.17 percent from 2.15 percent late Friday. The two-year yield climbed to 1.35 percent from 1.31 percent, and the 30-year yield ticked up to 2.78 from 2.77 percent.

CURRENCIES: The dollar rose to 111.34 Japanese yen from 110.84 yen late Friday. The euro fell to $1.1158 from $1.1195, and the British pound slipped to $1.2741 from $1.2780.

MARKET REPORT MONDAY, 19 JUNE 2017

t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com

BISX ALL SHARE INDEX: CLOSE 1,869.80 | CHG 2.68 | %CHG 0.14 | YTD -68.41 | YTD% -3.53 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 3.40 17.43 8.19 3.50 1.64 0.12 3.80 8.35 5.70 10.05 10.02 2.18 1.31 5.80 7.55 8.56 7.50 6.35 11.92 10.00

1000.00 1000.00 1000.00 1000.00

900.00 1000.00 1000.00 1000.00

PREFERENCE SHARES

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 E Commonwealth Bank Class J Commonwealth Bank Class K Commonwealth Bank Class L Commonwealth Bank Class M Commonwealth Bank Class N Fidelity Bank Class A Focol Class B

CORPORATE DEBT - (percentage pricing) 52WK HI 100.00 100.00 100.00

52WK LOW 100.00 100.00 100.00

SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE 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) 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 4.22 15.85 9.09 3.60 1.64 0.12 4.05 8.60 6.00 10.50 10.02 2.48 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 100.00 100.00 100.00 109.08 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

CLOSE 4.22 15.85 9.09 3.60 1.64 0.12 4.05 8.60 6.00 10.50 10.02 2.48 1.56 6.00 9.75 9.00 9.93 6.90 12.50 10.00

CHANGE 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 0.00 0.18 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

109.15 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

0.07 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

1,119 150

2,100

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 0.550 0.540 0.570 0.102 0.197 0.753 0.762 0.330 0.820 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 0.400 0.000 0.330 0.140 0.620 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 0.000

P/E 9.5 17.0 N/M 9.4 N/M N/M -10.0 14.7 10.9 19.4 17.6 24.3 7.9 8.0 12.8 27.3 12.1 11.5 17.9 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 0.0

YIELD 1.90% 6.31% 0.00% 5.83% 0.00% 0.00% 2.22% 3.49% 3.67% 3.43% 5.69% 2.42% 3.85% 4.83% 4.10% 0.00% 3.32% 2.03% 4.96% 0.00% 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

TOKYO (AP) — European stocks led world markets higher on Monday after parliamentary elections in France gave a majority to President Emmanuel Macron, an outcome that will give him more power to reform the economy.

KEEPING SCORE: France’s CAC 40 added 0.9 percent to 5,310 while Germany’s DAX rose 0.8 percent to 12,855. Britain’s FTSE 100 was up 0.6 percent at 7,506. U.S. shares were also set to drift higher with Dow and S&P 500 futures both edging up 0.3 percent.

FRANCE OUTLOOK: After Macron’s party got a majority in parliament, he is expected to reshuffle his government and look to pass a first set of laws this summer to reform France’s labor laws, among other things. The vote “will lend him enough support to rapidly implement his probusiness reform program,” said Marion Amiot, senior economist at Oxford Economics. She raised her forecast for French economic growth for 2018 to 1.7 percent from 1.6 percent.

BREXIT TALKS: Brexit negotiations were starting officially on Monday, with question marks over Britain’s approach after Prime Minister Theresa May lost her parliamentary major-

ity in an election meant to strengthen her hand in the talks. Germany’s foreign minister is talking about a chance of a “soft” British exit from the European Union that keeps the U.K. in the bloc’s single market.

AMAZON GROCERIES: When Wall Street reopens, consumer stocks will be in focus after got shaken by online giant Amazon’s purchase of Whole Foods.

Whole Foods and Amazon stocks jumped on Friday, while Wal-Mart, Costco and Target tumbled. Amazon already runs AmazonFresh, a grocery delivery service.

ASIA’S DAY: Japan’s benchmark Nikkei 225 gained 0.6 percent to 20,067.75, while Australia’s S&P/ASX 200 added 0.5 percent to 5,805.20. South Korea’s Kospi gained 0.4 percent to 2,370.90. Hong Kong’s Hang Seng edged up 1.1 percent to 25,916.12, while the Shanghai Composite rose 0.7 percent to 3,144.37.

ENERGY: Benchmark U.S. crude rose 18 cents to $44.92 a barrel. It rose 28 cents on Friday. Brent crude, used to price international oils, gained 21 cents to $47.58 a barrel in London.

CURRENCIES: The dollar edged down to 111.01 yen from 111.15 late Friday in Asia. The euro rose to $1.1212 from $1.1152.

SO IT BEGINS: BRITAIN KICKS OFF BREXIT NEGOTIATIONS WITH EU

By RAF CASERT Associated Press BRUSSELS (AP) — A year after its historic vote, Britain on Monday finally opened negotiations with the other 27 European Union nations about leaving the bloc, with the final outcome, due in 2019, as globally important as it now seems unpredictable.

The two chief negotiators, Michel Barnier of the EU and David Davis from Britain, immediately set off to find common ground in their working relationship, an important touchstone to see how amicable the biggest political divorce in decades will become.

“Our objective is clear.

We must first tackle the uncertainties caused by Brexit,” centering on citizens living on each other’s territory, border arrangements between Ireland and the United Kingdom and the amount that Britain stands to pay to get out of its previous EU commitments, Barnier said.

Davis said he was looking for a “positive and constructive tone” to deal with the myriad issues dividing both sides.

While the EU negotiat-

ing team led by Barnier has been ready for months, British efforts on Brexit stalled even after it triggered the two-year process on March 29. An early election this month, in which British Prime Minister Theresa May lost her Conservative majority in parliament, only added to the problems.

“Our big problem is that we have no picture, no idea at all, what the British want,” said German Manfred Weber, the head of the EPP Christian Democrat group in the European Parliament. The other EU countries have a united position, but the British are “in chaos,” Weber added.

May’s government said it was “confident it can achieve a bold and ambitious deal that will work in the interest of the whole U.K.” The EU said it was also looking for a good compromise. Austrian Foreign Minister Sebastian Kurz said: “If we don’t succeed, both sides will lose.”

Davis and Barnier have one key issue over the first weeks of talks: building trust after months of haggling over leaks and figures over the final bill that Britain would have to pay for leaving.

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

A MEMBER of protocol changes the EU and British flags prior to the arrival of EU Chief Brexit Negotiator Michel Barnier and British Secretary of State David Davis at EU headquarters in Brussels yesterday. Brexit negotiators will discuss Monday Britain’s financial obligations to the European Union as the long, complicated and potentially perilous process of the U.K. leaving the bloc finally gets underway. (AP Photo/Virginia Mayo)

THE TRIBUNE

Tuesday, June 20, 2017, PAGE 7

By CATHERINE LUCEY Associated Press

American corporate executives who appealed to the president to stay in the pact. Nearly 100 major technology companies—including Facebook, LinkedIn and Intel— also opposed in February the administration’s executive order banning travelers from six Muslim-majority countries.

But other companies have supported aspects of the Trump agenda. IBM was prominent last week during the White House’s push for apprenticeships. Intel unveiled plans at the Oval Office in February to invest more than $7 billion in an Arizona factory, a move that Trump portrayed as a win for U.S. workers.

Venture capitalist John Doerr, a partner at Kleiner Perkins Caufield & Byers, viewed the Monday gathering as part of a broader history of bipartisan efforts to use technology to modernize government and “improve the lives of all Americans,” a company spokeswoman said.

Chris Liddell, a White House aide who directs the technology effort, said the executives would participate in a series of working groups, concluding with a session with Trump.

White House spokesman Sean Spicer said the administration was focusing on technology this week. He said there was “a lot of room for optimization in the federal government.”

TECH CEOS VISIT WHITE HOUSE TO TALK MODERNIZING GOVERNMENT

WASHINGTON (AP) — The White House on Monday urged technology CEOs to pitch in on President Donald Trump’s effort to modernize government.

Apple CEO Tim Cook and Eric Schmidt, executive chairman of Google parent company Alphabet, were among those attending an afternoon of working groups on issues like technology infrastructure, cybersecurity and visas for foreign workers.

The gathering was the first event for a technology-focused effort within the White House Office of American Innovation, which seeks to overhaul government functions using ideas from the business sector.

Jared Kushner, senior adviser and son-in-law to Trump, welcomed the technology executives, calling them “a very impressive group of leaders from the private sector” being put to work “on some of the country’s biggest challenges that will make a very meaningful difference to a lot of its citizens.”

Also on hand was Trump’s daughter and Kushner’s wife, senior presidential adviser Ivanka Trump.

Kushner said that while he had been warned that government change could be slow, he has

ALPHABET Inc Executive Chairman Eric Schmidt, center, listens as White House senior adviser Jared Kushner speaks at the opening session of the White House meeting with technology Chief Executive Officers to mark “technology week,” Monday, June 19, 2017, in the Indian Treat Room of the Eisenhower Executive Office Building on the White House complex in Washington. The White House Office of American Innovation is hosting a series of working sessions to generate ideas to transform and modernize Government Services. (AP Photo/Susan Walsh) found “exactly the opposite” and praised the “talented civil servants” he is working with. He also cited some examples of the cur-

rent technology infrastructure, noting the use of floppy discs in Pentagon “legacy systems.”

Some technology executives

have clashed with Trump over his decision to exit the Paris climate accord. Leaders at Apple and Google were among the

France’s Macron to reshuffle govt after huge parliament win PARIS (AP) — French President Emmanuel Macron is poised to rearrange his Cabinet after his new centrist party engineered a landslide in the country’s parliamentary election, enabling the government to quickly start passing its first big laws.

Prime Minister Edouard Philippe formally resigned on Monday afternoon, a largely symbolic move required after a legislative election. He was immediately renamed to his job and is in charge of forming a government by Wednesday afternoon, the French presidency said in a statement.

Since Macron’s new party, Republic on the Move!, won an absolute majority in the 577-seat National Assembly, government spokesman Christophe Castaner said on RTL radio the government reshuffle would be “technical and not farreaching.” He refused to say whether ministers who have come under suspicion of corruption would keep their jobs.

Macron’s plans have been

slightly delayed by an attempted attack Monday afternoon on security forces on the Champs-Elysees in Paris.

Interior Minister Gerard Collomb went to the scene and said he will present a bill Wednesday at a Cabinet meeting to extend France’s state of emergency from July 15, its current expiration date, until Nov. 1. He will also talk about a new law aiming at maintaining “a high security level” beyond the end of the state of emergency.

After Macron vigorously campaigned on a promise to renew France’s political landscape, other parties also made efforts to promote new faces. The victorious newcomers started arriving Monday at the National Assembly to learn their way around before the first parliament session next week.

The National Assembly says new lawmakers’ average age is down from 55 in the previous term to 49 now. The youngest is 23, the oldest 79. The number

Legal Notice

NOTICE INTERNATIONAL BUSINESS COMPANIES ACT (No. 45 of 2000)

CAROLIN LIMITED In Voluntary liquidation

Notice is hereby given that in accordance with Section 138 (4) of the International Business Companies Act (No. 45 of 2000), CAROLIN LIMITED, has been dissolved and struck off the Register according to the Certificate of Dissolution issued by the Registrar General on the 29th day of May, 2017.

Lutea Trustees Limited 9 Burrard Street, St Helier Jersey JE4 5UE Channel Islands Liquidator

Legal Notice

NOTICE INTERNATIONAL BUSINESS COMPANIES ACT (No. 45 of 2000)

DUNSTER INVESTMENTS INC. In Voluntary liquidation

Notice is hereby given that in accordance with Section 138 (8) of the International Business Companies Act (No. 45 of 2000), DUNSTER INVESTMENTS INC., has been dissolved and struck off the Register according to the Certificate of Dissolution issued by the Registrar General on the 17th day of May, 2017.

Miguel Angel Marconi Republica Arabe Siria 2968, C1425EYJ CABA, Argentina Liquidator

of female lawmakers is the highest ever in France’s lower house of parliament, reaching 38.7 percent — up from 26.8 percent. Threequarters are starting their first term at the National Assembly. Some previously had local political experience, but many are newcomers to politics.

Republic on the Move! and its allies from the Modem party took 350 seats — far more than the 289 needed for a majority, according to the Interior Ministry’s definitive results.

Macron’s government is expected to pass its first set of measures during a special parliamentary session starting on June 27 — laws to strengthen security, improve ethics in politics and reform France’s restrictive labor laws.

The conservative Re-

publicans and their allies are the main opposition group in parliament, winning 136 seats. The Socialist Party, which dominated the outgoing Assembly, was the main loser in Sunday’s vote, winning only 30 seats.

Far-left leader Jean-Luc Melenchon’s party won 17 seats, over the minimum of 15 needed to form a group, a tool that provides extra funds and speaking time.

The far-right party National Front won 8 seats — up from two in the outgoing Assembly — including one for its leader, Marine Le Pen. Le Pen on Monday praised Sunday’s vote as “historic” result but denounced an “anti-democratic voting system” that she says doesn’t represent the “real weight” of her party in the country.

FRENCH President Emmanuel Macron is seated in the cockpit of an Airbus A400M turboprop transport plane before taking off from Villacoublay military airbase near Paris, yesterday. Macron landed Monday at the Bourget airfield in an Airbus A400-M military transport plane to launch the aviation showcase, where the latest Boeing and Airbus passenger jets will vie for attention with a F-35 warplane, drones and other and high-tech hardware.

(AP Photo/Michel Euler, Pool)

NOTICE MAURITANIA CONSULTING GMBH. (In Voluntary Liquidation)

NOTICE

NOTICE is hereby given that ACELIA PLACIDE FERTIL of Marsh Harbour, Abaco, 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 20th 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 CARMELITA CAROLINE ADDERLEY nee HEWITT of #17 St. Michael Rd.,Grants Town, 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 20th Day of June, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

Notice is hereby given that, in accordance with Section 138 (4) of The International Business Companies Act 2000 the above-named Company is in dissolution, which commenced on the 16th, day of June 2017. The Liquidator is Dillon Dean of Nassau Bahamas.

Dillon Dean (Liquidator)

NOTICE

IN THE ESTATE OF ABNER PINDER, deceased, late of the Settlement of Spanish Wells, St. George’s Cay in the Commonwealth of The Bahamas.

IN THE ESTATE OF FAITH H. TOMPKINS a.k.a. FAITH TOMPKINS, late of the Town of Millbrook, Country of Dutchess in State of New York, one of the States of the United States of America, deceased

Notice is hereby given that all persons having any claims or demands against the above-named Estate are requested to send the same duly certified to the undersigned on or before the 19 July, 2017 and notice is hereby also given that at the expiration of the time above mentioned the assets of the deceased will be distributed among the persons entitled thereto having regard only to the claims of which the Administrator shall then have had notice.

NOTICE is hereby given that all persons having any claim or demand against or interest in the above Estate should send same duly certified in writing to the undersigned on or before 3rd July, 2017 after which date the Executrix will proceed to distribute the assets of the Estate having regard only to the claims, demands or interests of which she shall then have had notice AND NOTICE is hereby given that all persons indebted to the above Estate are requested to make full settlement on or before 3rd July, 2017.

Roberts, Isaacs & Ward, Attorneys-at-Law, Chambers, Unit 2, Cable Beach Court Professional Centre, West Bay Street, Nassau, Bahamas.

FREDERIK F. GOTTLIEB & CO.

Attorneys for the Executrix P.O. Box AB-20405 Royal Harbour Village #2 Bay Street, Marsh Harbour, Abaco, The Bahamas

THE TRIBUNE

Tuesday, June 20, 2017, PAGE 9

B O DY A N D M I N D

LOCAL SICKLE CELL ASSOCIATION DEALS WITH PAIN MANAGEMENT

By ALESHA CADET Tribune Features Reporter acadet@tribunemedia.net

T

O mark World Sickle Cell Day yesterday, the Bahamas Sickle Cell Association hosted a pain management forum for those affected by the condition.

Held at the J Whitney Pinder Building on Collins Avenue, the forum highlighted and provided tangible information on how to manage pain, which medications are available, and gave practical advice for those who live with chronic pain. Information was also provided for persons interested in their own maintenance plan and to caregivers regarding to the importance of understanding sickle cell disease and its impact on the daily life of persons who are suffering from it.

Sickle cell disease (SCD) is a severe blood disorder that affects haemoglobin, the protein found in red blood cells that help carry oxygen throughout the body. The Bahamas Sickle Cell Association (BSCA) was founded in 1981 by Dr Patrick Roberts and a group of civic-minded individuals, some of whom were personally affected by the disease.

“BSCA has hosted two forums each year, and these forums are all about sharing information with persons, caregivers and others affected by SCD. BSCA believes that each person with SCD should have the information and knowledge to create a comprehensive response to manage pain. We believe that in order to get the needed support for the goals of BSCA we have to make the opportunities to tell our story. This is such an opportunity,” said Sonya Longley, president of the BSCA. Despite hosting numerous forums in the past, yesterday’s forum was a first on the topic of pain management.

Dr Shakera Carroll, a family medicine consultant with the Public Hospitals Authority, conducted a presentation that focused on understanding painful episodes and how to prevent them, how to effectively manage pain at home, and shared her knowledge on why it is important for persons to know when to seek medical attention and what information to provide at a medical visit.

She also shared that some triggers of painful episodes are caused by dehydration, climate or environmental changes, and other illnesses like a

simple cold.

Ms Longley added that the BSCA is very grateful to be able to create awareness of the negative impact sickle cell anaemia has not only on the health of a person, but also on their economic, social and educational status.

She said BSCA uses its forums and other avenues to prepare and distribute substantive educational materials, both written and visual, about the condition for all relevant segments of society.

“Persons living with SCD live in pain on a daily basis and suffer pain crises more regularly if not controlled with medication and some home remedies. My role as president is to drive the goals of the association and to use all avenues available to ensure advocacy and education is paramount on the sickle cell disease.

I work very closely with the board of directors who approves all activities of the association. The board is tasked with finding ways to get the message out on SCD and its impact. They are dedicated to advocating and encouraging continued research for a cure for sickle cell disease while working to enhance the quality of healthcare, life and services for individuals and families affected

by this disease. A forum helps us to get this message out to the public,” said Ms Longley.

The next forum is scheduled for September, World Sickle Cell Month, and will include a number of activities including a fun run/ walk both in Grand Bahama and New Providence, a mini fair and raffle, and an all-day seminar geared towards giving a complete representation of persons living with SCD. “It is my hope that the

BSCA is able to provide a better understanding of BSCA and SCD. We would like the support of the general public in helping us to achieve our goals and for the media to assist us in getting the word out on our activities which will benefit persons living with SCD. We would also like to develop a registry for persons with the trait as well as the disease. The information gained will support and expand our existing educational information platform

for children and adults living with the disease. Our website, Bahamassicklecell.org, is open now for online registration. BSCA is aware that the only cure for SCD is to have a bone marrow transplant and we support families economically and emotionally on this life-changing mission.

The association has already donated over $8,000 and we hope to assist more families over the coming year,” said Ms Longley.

Sweet sizzlin’ beans! Fancy names may boost healthy dining

By LINDSEY TANNER AP Medical Writer

CHICAGO (AP) — Researchers tried a big serving of food psychology and a dollop of trickery to get diners to eat their vegetables. And it worked.

Veggies given names like “zesty ginger-turmeric sweet potatoes” and “twisted citrusglazed carrots” were more popular than those prepared exactly the same way but with plainer, more healthful-sounding labels.

Diners more often said “no thanks” when the food had labels like “low-fat,” ‘‘reduced-sodium” or “sugar-free.”

More diners chose the fancynamed items, and selected larger portions of them too in the experiment last fall at a Stanford University cafeteria.

“While it may seem like a good idea to emphasize the healthiness of vegetables, doing so may actually backfire,” said lead author

ROASTED carrot hummus with crudite and pita chips. (AP Photo/Richard Drew, File) Bradley Turnwald, a graduate student in psychology.

Other research has shown that people tend to think of healthful sounding food as less tasty, so the aim was to make it sound as good

as more indulgent, fattening fare.

Researchers from Stanford’s psychology department tested the idea as a way to improve eating habits and make a dent in the growing obesity epidemic .

“This novel, low-cost intervention could easily be implemented in cafeterias, restaurants, and consumer products to increase selection of healthier options,” they said.

The results were published Monday JAMA Internal Medicine.

The study was done over 46 days last fall. Lunchtime vegetable offerings were given different labels on different days. For example, on one day diners could choose “dynamite chili and tangy lime-seasoned beets.” On other days the same item was labeled “lighter-choice beets with no added sugar,” ‘‘high antioxidant beets,” or simply “beets.”

Almost one-third of the nearly 28,000 diners chose a vegetable offering during the study. The tasty-sounding offering was the most popular, selected by about 220 diners on average on days it was offered, compared with about 175 diners who chose

Headaches A SIGNIFICANT health problem in today’s society is headaches. Not only are they painful and debilitation to the people who have them, they cause lost productivity, which can cost in the millions of dollars.

Headaches are one of the most common reasons that people seek treatment form a health practitioner. If you suffer from headaches you should know that there is a treatment that is drug free, non-invasive and looks to prevent future headaches; that treatment is chiropractic care.

All headaches are classified as either primary or secondary in nature. Primary headaches make up approximately 95 per cent of all headaches; these include the muscle tension, migraine and cluster headache. Secondary headache are those that are a symptom of a medical problem such as a tumor sinus infection or inflammation of the brain and spinal cord. The likelihood of you having one of these conditions is remote. Secondary headaches account for only five per cent of all headaches.

But if you ever have a headache that strikes suddenly, is accompanied by numbness, confusion, slurred speech, fever or any other unusual symptoms, seek medical attention immediately.

The most common headache is the muscle tension or muscle contraction headache, accounting for 85 per cent of all primary headaches. The pain of this type

the simple-label vegetable. The healthy-sounding labels were the least popular.

Diners also served themselves bigger portions of the tastysounding vegetables than of the other choices.

Turnwald emphasized that “there was no deception” — all labels accurately described the vegetables, although diners weren’t told that the differentsounding choices were the exact same item.

The results illustrate “the interesting advantage to indulgent labeling,” he said.

Dr Stephen Cook, a University of Rochester childhood obesity researcher, called the study encouraging and said some high school cafeterias have also tried different labels to influence healthy eating.

“It shouldn’t be a surprise to us because marketing people have been doing this for years,” Cook said.

CHIROPRACTIC care can be a drug free, noninvasive treatment for headaches.

Doctor of Chiropractic

Dr Susan Donald of headache is a dull, constant pain at the back of the head and may include neck and shoulder stiffness. It may last a few hours to a full day. Pain may follow a day of work or any period of stress.

These headaches are caused by tension and spasm of muscle along with misalignments of spinal vertebrae.

Because of the origin of the muscle tension headache conservative treatment like chiropractic care is of great benefit. Relaxation techniques, improved posture, adaptation to work habits, and correction of spinal misalignments can provide relief of pain The second most common type

of headache is the infamous migraine suffered by six per cent of those with primary headaches.

Women report more migraines than men, with description of pain ranging from mild to severe to disabling. There are specific symptoms that distinguish migraine from other headaches and you may find that your symptoms change with each headache.

It is also possible for some symptoms to appear hours before the head pain starts. In most migraines, the pain is felt only on one side of the head though the pain may alternate sides with each headache.

The possible triggers of migraine are numerous to finding yours may require some trial and error.

Some possible triggers include

bright or flashing lights, pollution, chocolate, caffeine, cheese, nuts, food additives and spinal misalignments that compress spinal nerves and/or blood vessels.

The least common type of primary headaches is the cluster headache, which affects more men than women. The cluster is so named because if appears in a series of very painful headaches.

The series consist of a least one headache per day, at the same time every day for a period of weeks or months. Each headache generally lasts from 20 minutes to two hours. The pain is a steady searing pin usually centered behind one eye, temple, or cheek.

Nearly sufferers are heavy smokers and drinker.

Significant input from your doctor of chiropractor can help you

find the cause of your headache. He or she is interested in helping your relieve the pain of your headaches without the use of pain relievers or invasive methods. Your chiropractic care will include spinal adjustment to improve spinal alignment, reduce nerve and/or blood vessel irritation, and ease muscle tension. Your chiropractor may also recommend exercise, improved sleep patterns and postures, dietary changes and relaxation techniques to prevent future headaches and improve our overall health.

• Dr Susan Donald can be reached at Life Chiropractic Centre, 9B Village Road, at 393-2774.

PAGE 10, Tuesday, June 20, 2017

THE TRIBUNE

FIRST-EVER WORLD KIDNEY CANCER Q&A DAY HIGHLIGHTS GROWING GLOBAL BURDEN AMSTERDAM (BUSINESS WIRE) – Kidney cancer is a silent disease that’s on the rise. The global incidence of kidney cancer is predicted to increase by a shocking 22 percent by 2020. Explanations are incomplete, but include risk factors such as aging, obesity, high blood pressure and smoking.

The lack of answers is why the International Kidney Cancer Coalition (IKCC) and kidney cancer organisations worldwide

are marking the first-ever World Kidney Cancer Q&A Day. On June 22, patients, carers, healthcare professionals and local organisations will be asking questions and seeking answers: What explains the varying incidence of kidney cancer worldwide? High incidence rates are seen in northern and eastern Europe, North America and Australia, with the highest rates estimated in the Czech Republic. How

can we address the growing gap in mortality rates for kidney cancer between emerging and developed economies? How can we prevent kidney cancer, or detect it earlier when patients can still be cured?

“We need global collaboration for kidney cancer – in research, awareness and advocacy – because when we work together we have a greater impact than we do alone and can drive significant change for patients,” says Dr Rachel

Giles, chair of the IKCC. A new paper authored by leading experts, ‘The Global Burden of Kidney Cancer: A Call to Action’ (under review), underscores the challenges faced in diagnosis and disease management.

The IKCC also launched the World Kidney Cancer Day Q&A Quiz. Available in nine languages, the seven-question quiz tests what you know – and what you need to know – about kidney cancer. For every

HIV and the mouth

HIV (human immunodeficiency virus) is a virus that attacks the immune system, which is our body’s defence against illness. The virus is passed from one person to the next through blood-to-blood contact and sexual contact. It can also be passed from an infected pregnant woman (especially not on antiretroviral medication) to her child during pregnancy, delivery or if the mother breast feeds the child.

HIV attacks a type of white blood cell in the immune system called CD4 cells. As HIV destroys more CD4 cells, it makes it harder for an individual to fight off infections, breaking down a person’s immune system. Therefore, for the individual living with HIV, who is not receiving treatment, a simple cold can be severe because your body has difficulty healing.

AIDS (acquired immunodeficiency syndrome) is the most advanced stage of the HIV infection. AIDS is diagnosed when the

Dr Tamika Ferguson CD4 cell count drops below 200.

The normal range for CD4 cells is about 500-1,500.

HIV leaves you vulnerable to a wide variety of diseases. Oral diseases are especially common in individuals with HIV; more than a third of those who are HIV-positive suffer from oral health problems. The detection of oral diseases can be critical because it may

suggest possible HIV infection in an unaware individual. The discovery of oral manifestations in an individual with HIV but not on an active therapy may signal progression of HIV disease. Further, if new oral conditions occur in a patient receiving antiretroviral therapy, it may lead to reevaluation of their therapeutic regimen.

Here are some oral diseases associated with HIV:

• Oral warts

These oral warts are caused by the human papillomavirus (HPV), and are more prevalent in HIV-infected patients than noninfected individuals.

The treatment of choice for warts is surgical removal but even after removal they may still recur.

• Oral hairy leukoplakia

Hairy leukoplakia results in white patches that do not rub off on the side of your tongue. It can be painful and may affect the way your food tastes. Hairy leukopla-

quiz completed, $5 will be directed to a high-priority research project that will benefit patients worldwide.

Great Voice, Great Cause Globally-recognised celebrity and humanitarian Juliet Ibrahim is the campaign’s global ambassador.

“Just like art, kidney cancer knows no boundaries. Working together – sharing our experience and our knowledge – we make a difference for the people affected by kidney cancer,” says Juliet. The Juliet Ibra-

kia is the most common EpsteinBarr Virus (EBV) related lesion in patients with HIV. EBV usually affects persons with a weak immune system, the detection of hairy leukoplakia may be the first sign an individual is HIV-positive and requires treatment.

• Oral thrush

Oral thrush (oral candidiasis) produces white sores on your tongue and the inside of your mouth. Thrush and hairy leukoplakia look similar, but oral thrush can be wiped away. Oral candidiasis can be painful and associated with reduced taste and smell.

It is caused by a fungus called Candida albicans which is present in small amounts in a healthy individual’s mouth. In HIV-infected persons, the amount of candida can grow beyond one’s control.

Oral thrush can be treated with anti-fungal medications.

• HIV-associated periodontal

him Foundation gives hope to kidney cancer patients throughout Africa.

World Kidney Cancer Q&A Day has been established by the IKCC (www. ikcc.org ), a global body of 30 cancer organisations focused on improving the lives of people affected by kidney cancer. The campaign is supported

by Bristol-Myers Squibb, Novartis, Pfizer, and Ipsen.

disease

People who are HIV-positive are more susceptible to developing gum disease than individual’s with a healthy immune system.

There are three patterns of periodontal disease strongly associated with HIV infection: linear gingival erythema, necrotizing ulcerative gingivitis and necrotizing ulcerative periodontitis.

The treatment for HIV-associated periodontal disease revolves around debridement, antimicrobial therapy, immediate follow-up care and long-term maintenance.

The patient must also have good oral hygiene practices.

Conclusion

HIV weakens your immune system which affects your entire body, including your mouth. Oral manifestations of HIV disease are very common. It is important to be aware of any changes inside your mouth, and see your dentist right away if you notice any major concerns.

Too hot to handle: Study shows Earth’s killer heat worsens

By SETH BORENSTEIN AP Science Writer

WASHINGTON (AP) — Killer heat is getting worse, a new study shows.

Deadly heat waves like the one now broiling the American West are bigger killers than previously thought and they are going to grow more frequent, according to a new comprehensive study of fatal heat conditions. Still, those stretches may be less lethal in the future, as people become accustomed to them.

A team of researchers examined 1,949 deadly heat waves from around the world since 1980 to look for trends, define when heat is so severe it kills and forecast the future. They found that nearly one in three people now experience 20 days a year when the heat reaches deadly levels. But the study predicts that up to three in four people worldwide will endure that kind of heat by the end of the century, if global warming continues unabated.

“The United States is going to be an oven,” said Camilo Mora of the University of Hawaii, lead author of a study published Monday in the journal Nature Climate Change .

The study comes as much of the US swelters through extended triple-digit heat. Temperatures hit records of 106, 105 and 103 in Santa Rosa, Livermore and San Jose, California on Sunday, as

PAKISTAN families cool themselves off in a water stream in Lahore, Pakistan, Sunday, June 4, 2017. Many cities in Pakistan are facing heat wave conditions with temperatures reaching 122 Fahrenheit. (AP Photo/K M Chaudhry) a heat wave was forecast to continue through midweek. In late May, temperatures in Turbat, Pakistan, climbed to about 128 degrees (53.5 degrees Celsius); if confirmed, that could be among the five hottest temperatures reliably measured on Earth, said Jeff Masters, meteorology director of

Weather Underground.

Last year 22 countries or territories set or tied records for their hottest temperatures on record, said Masters, who wasn’t part of the study. So far this year, seven have done so.

“This is already bad. We already know it,” Mora said. “The

empirical data suggest it’s getting much worse.”

Mora and colleagues created an interactive global map with past heat waves and computer simulations to determine how much more frequent they will become under different carbon dioxide pollution scenarios. The

map shows that under the current pollution projections, the entire eastern United States will have a significant number of killer heat days. Even higher numbers are predicted for the Southeast U.S., much of Central and South America, central Africa, India, Pakistan, much of Asia and Australia.

Mora and outside climate scientists said the study and map underestimate past heat waves in many poorer hot areas where record-keeping is weak. It’s more accurate when it comes to richer areas like the United States and Europe.

If pollution continues as it has, Mora said, by the end of the century the southern United States will have entire summers of what he called lethal heat conditions.

A hotter world doesn’t necessarily mean more deaths in all locales, Mora said. That’s because he found over time the same blistering conditions — heat and humidity — killed fewer people than in the past, mostly because of air conditioning and governments doing a better job keeping people from dying in the heat. So while heat kills and temperatures are rising, people are adapting, though mostly in countries that can afford it. And those that can’t afford it are likely to get worse heat in the future.

Just one heat wave — in Europe in 2003 — killed more than 70,000 people.

BREAST CANCER SPECIALIST JANE MENDEZ JOINS MIAMI CANCER INSTITUTE MIAMI, FL – Breast surgical oncologist Dr Jane Mendez, FACS, joins the growing team of cancer specialists at Miami Cancer Institute, a part of Baptist Health South Florida, as Chief of Breast Surgery.

Board certified by the American Board of Surgery and fellowship trained at New York’s Memorial Sloan-Kettering Cancer Centre, Dr Mendez specialises in the treatment of breast cancer and performs all types of breast surgical procedures. She received her undergraduate degree from Harvard University and her medical degree from Mt Sinai School of Medicine in New York. She also completed a surgery residency at Mt Sinai Hospital.

Prior to joining Miami Cancer Institute at the Baptist Hospital campus, Dr Mendez gained extensive experience as a surgical on-

cologist at Boston Medical Centre, where she served as president of the medical and dental staff. She also served as director of surgical clerkship and associate professor of surgery at Boston University School of Medicine.

Dr Mendez joins a multidisciplinary breast cancer team at Miami Cancer Institute. That team is comprised of highly skilled breast cancer medical oncologists, breast cancer radiation oncologists, plastic surgeons who specialize in breast reconstruction, pathologists with expertise in breast cancer, breast cancer advanced practice providers, patient navigators, survivorship advanced practice providers, a fertility preservation team, and a cardiooncology programme.

“Dr Mendez brings to Miami Cancer Institute expertise in surgical oncology, experience in clinical

“Dr Mendez brings to Miami Cancer Institute expertise in surgical oncology, experience in clinical research and dedication to patientcentered care.” research and dedication to patient-centered care,” said Dr Michael J Zinner, founding CEO and executive medical director of Miami Cancer Institute. “Her significant training and skill in the diagnosis and treatment of benign and malignant breast disease enhances our multidisciplinary team and the level of care we provide our patients.”

Dr Mendez has been widely published. She also has presented abstracts at numerous national and international symposiums and serves on the editorial board of the breast section

of the Annals of Surgical Oncology.

Renowned for her patient care and advocacy, Dr Mendez is passionate about educating patients and advancing breast cancer awareness and prevention, in the community and at national meetings. She was appointed to the governing board of Susan G Komen Massachusetts affiliate. She is also a fellow of the American College of Surgeons and an active member of numerous professional societies, including the American Society of Breast Surgeons and the Society of Surgical Oncology.

DR JANE MENDEZ

THE TRIBUNE

Tuesday, June 20, 2017, PAGE 11

Celebrity makeup artist teams up with AR beauty app to bring fantasy looks to life NEW YORK (BUSINESS WIRE) – Perfect Corp and renowned celebrity makeup artist Kristofer Buckle, the stylist behind A-listers like Mariah Carey and Blake Lively, are partnering to launch a whimsical makeup collection in the award-winning AR beauty app, YouCam Makeup. The launch of six looks in Kristofer Buckle’s Fantasy series marks the start of an ongoing collaboration between YouCam Makeup and the talented makeup artist, a partnership aimed at bringing cut-

ting edge and celebrity makeup styles to life through AR. “Makeup is paint. You can paint a soft natural angelic look or create a ferocious aggressive sexy style with the same products and I’m showing you the fun extreme possibilities with YouCam,” says Buckle. “This creative beauty matchup offers a fun and creative form of instant self-expression that simplifies makeup discovery into a single tap in YouCam.” “We are thrilled to partner with Kristofer and bring his

forward-thinking vision to life through YouCam Makeup,” says Perfect Corp CEO Alice Chang. “We believe that the release of this imaginative collection will inspire YouCam fans around the world to try bold new styles firsthand, and feel more empowered through our unique AR beauty experience.”

The collection features six looks created from three elaborate fantasy styles, which have then been translated into more natural everyday styles.

To try the full look collection, download the free YouCam Makeup app and swipe through the Kristofer Buckle look series to experience the true-to-life dramatic and natural fantasy looks in seconds.

YouCam Makeup is available for free download on the App Store and Google Play.

CALL 502-2394 TO ADVERTISE TODAY!

PERFECT Corp and celebrity makeup artist Kristofer Buckle create a dreamy beauty collection for users to experience virtually. (Graphic/Business Wire)

THE WEATHER REPORT

5-Day Forecast

TODAY

ORLANDO

High: 86° F/30° C Low: 74° F/23° C

TAMPA

TONIGHT

WEDNESDAY

THURSDAY

FRIDAY

SATURDAY

Partly sunny, a shower; breezy

Partly cloudy with a shower or two

Partly sunny with a passing shower

A blend of sun and clouds

Sun through high clouds

Sun through high clouds

High: 92°

Low: 82°

High: 93° Low: 79°

High: 93° Low: 78°

High: 92° Low: 78°

High: 93° Low: 78°

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

99° F

85° F

101°-89° F

100°-85° F

102°-85° F

103°-86° F

High: 88° F/31° 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

10-20 knots

S

WEST PALM BEACH High: 88° F/31° C Low: 79° F/26° C

8-16 knots

FT. LAUDERDALE E

W

FREEPORT

High: 88° F/31° C Low: 80° F/27° C

N

S

E

W

High: 88° F/31° C Low: 78° F/26° C

MIAMI

High: 90° F/32° C Low: 81° F/27° C

10-20 knots

KEY WEST

High: 87° F/31° C Low: 81° F/27° C

ELEUTHERA

NASSAU

High: 92° F/33° C Low: 82° F/28° C

Forecasts and graphics provided by AccuWeather, Inc. ©2017

High: 86° F/30° C Low: 81° F/27° C

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The higher the AccuWeather UV IndexTM number, the greater the need for eye and skin protection.

tiDes For nassau High Today

Ht.(ft.)

Low

Ht.(ft.)

4:40 a.m.

5:23 p.m.

2.6 3.2

10:57 a.m. -0.3 11:47 p.m. 0.0

Wednesday 5:39 a.m.

6:19 p.m.

2.7 3.4

11:53 a.m. -0.6 ---------

Thursday

6:37 a.m.

7:14 p.m.

2.8 3.6

12:46 a.m. -0.2 12:48 p.m. -0.7

Friday

7:33 a.m.

8:08 p.m.

2.8 3.7

1:42 a.m. -0.4 1:43 p.m. -0.8

Saturday

8:29 a.m.

9:01 p.m.

2.9 3.7

2:37 a.m. -0.6 2:37 p.m. -0.9

Sunday

9:24 a.m.

9:54 p.m.

2.9 3.7

3:30 a.m. -0.6 3:32 p.m. -0.8

Monday

10:19 a.m.

10:46 p.m.

2.9 3.5

4:23 a.m. -0.6 4:26 p.m. -0.6

sun anD moon Sunrise Sunset

6:21 a.m.

8:02 p.m.

Moonrise Moonset

3:18 a.m.

4:24 p.m.

New

First

Full

Last

Jun. 23

Jun. 30

Jul. 8

Jul. 16

CAT ISLAND

E

W

High: 86° F/30° C Low: 80° F/27° C

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S

E

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8-16 knots

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8-16 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 ................................................... 90° F/32° C Low .................................................... 80° F/27° C Normal high ....................................... 87° F/31° C Normal low ........................................ 74° F/23° C Last year’s high ................................. 92° F/33° C Last year’s low ................................... 76° F/24° C Precipitation As of 2 p.m. yesterday ................................. 0.00” Year to date ................................................. 5.42” Normal year to date ................................... 11.76”

uV inDex toDay

ANDROS

SAN SALVADOR

GREAT EXUMA

High: 86° F/30° C Low: 80° F/27° C

High: 85° F/29° C Low: 80° F/27° C

N

High: 87° F/31° C Low: 81° F/27° C

S

LONG ISLAND

insurance management tracking map

High: 87° F/31° C Low: 81° F/27° C

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E

W

8-16 knots

MAYAGUANA High: 87° F/31° C Low: 81° F/27° C

Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.

CROOKED ISLAND / ACKLINS RAGGED ISLAND High: 85° F/29° C Low: 80° F/27° C

GREAT INAGUA High: 89° F/32° C Low: 81° F/27° C

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N E

W

E

W

L

High: 85° F/29° C Low: 80° F/27° C

S

S

8-16 knots

8-16 knots

marine Forecast ABACO ANDROS CAT ISLAND CROOKED ISLAND ELEUTHERA FREEPORT

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GREAT EXUMA GREAT INAGUA LONG ISLAND MAYAGUANA NASSAU RAGGED ISLAND SAN SALVADOR

Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday:

WINDS SE at 8-16 Knots SSE at 7-14 Knots SE at 8-16 Knots SE at 7-14 Knots ESE at 8-16 Knots ESE at 8-16 Knots ESE at 10-20 Knots E at 10-20 Knots ESE at 8-16 Knots SE at 7-14 Knots SE at 8-16 Knots SSE at 7-14 Knots SE at 8-16 Knots ESE at 8-16 Knots SE at 8-16 Knots E at 10-20 Knots ESE at 10-20 Knots E at 8-16 Knots ESE at 10-20 Knots E at 10-20 Knots ESE at 7-14 Knots SE at 6-12 Knots SE at 8-16 Knots E at 10-20 Knots SE at 8-16 Knots ESE at 7-14 Knots

WAVES 3-6 Feet 4-7 Feet 2-4 Feet 1-3 Feet 3-6 Feet 3-6 Feet 4-7 Feet 4-7 Feet 3-6 Feet 4-7 Feet 2-4 Feet 2-4 Feet 2-4 Feet 1-3 Feet 3-6 Feet 3-6 Feet 3-5 Feet 3-5 Feet 5-9 Feet 5-9 Feet 2-4 Feet 2-4 Feet 3-5 Feet 3-5 Feet 3-5 Feet 2-4 Feet

VISIBILITY 10 Miles 10 Miles 10 Miles 10 Miles 7 Miles 10 Miles 7 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 6 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles

WATER TEMPS. 81° F 81° F 81° F 81° F 80° F 80° F 83° F 83° F 80° F 80° F 82° F 82° F 83° F 83° F 84° F 84° F 83° F 83° F 83° F 83° F 81° F 80° F 83° F 82° F 80° F 80° F

SECTION D

TUESDAY, JUNE 20, 2017

A matriarch celebrates

100th birthday Cat Island’s Anita “Mammie” Wilson is honoured by her community

By JEFFARAH GIBSON Tribune Features Writer jgibson@tribunemedia.net

V

ERY few people live to see their 100th birthday, so when Anita “Mammie” Wilson reached that remarkable milestone last Saturday, her friends and family came together to host one of biggest celebrations Cat Island has ever seen to honour the matriarch and inn owner.

Starting from last Thursday, Mammie’s loved ones started arriving at the The Bluff to spend time with her and celebrate her special day.

For actual her birthday, a full day of activities was planned, starting with a church service and including tributes by relative and friends. There was also a children’s programme, dancing, rake n’ scrape music and much more.

Her granddaughter, Monique Toppin, described the birthday celebrations at Mammie’s Apple Tree Inn as “an amazing day with lots of tears of praise and thanksgiving, and of course many smiles and laughter.”

“All had a sumptuous meal and birthday cake,” she added.

Before her birthday on Saturday, Mammie spoke briefly with Tribune Woman, saying that she was thankful to God for allowing her to live to see this day.

She also expressed joy at being able to connect with her children and grandchildren, and being able to join in the with the musicians who played rake n’ scrape versions of some of her favourite songs.

“I feel good to have lived this long. It was the Lord

who allowed me to see this age, and I am grateful,” she said.

“This makes me feel really good. I like to listen to the music. If it is one (song) I know, it is enjoyable to me,” she said.

Mammie is considered a community leader and known from Orange Creek in the North to Devil’s Point in the South. Her home has always been at the heart of The Bluff and open to all.

She was born in Young Yard in The Bluff, Cat Island, on June 17, 1917.

Her parents were Binah Young, also called Roxy, and Edward McDonald.

Her maternal grandfather was Sam Young and his father was Cofie Young.

Her siblings were Eleanor Pratt, Carrington Hepburn, Maisie McDonald, Miriam Simmons, Lillian Kerr, James McDonald, Menerva Rolle, Emerald Johnson, Dolly McDonald, and Carol McDonald.

Mammie went to school in The Bluff, and sister Rosina Sands was her school teacher. Her friends in school were Winnie Hepburn, Olive Hepburn and Lee from Industrious Hill.

In 1933, she had her first child, Ruth King. She moved to Nassau to seek employment in the late 1930s and started work for the Rogers’ family.

During that time she lived in Miss Lyles’ yard on Hawkins Hill. Her fiancé, John ‘Rissie’ Wilson, the son of Philemon and Julia Wilson, also of The Bluff, Cat Island followed her to Nassau with their young son Orthnell.

When he left for the United States to work for the Contract, a farm labour programme, in 1941, Mammie moved back to

“MAMMIE” surrounded by her children Agnes Wilson, Dayne Wilson, Brenda Plakaris, Livingston “Junior” Wilson and Ruth Outten.

(L-R) Menerva Rolle (sister), Ruth Outten (eldest child) and Miriam Simmons (sister) with birthday girl Anita “Mammie” Wilson in the middle.

“I feel good to have lived this long. It was the Lord who allowed me to see this age, and I am grateful.”

Cat Island.

In 1943, Rissie returned to Cat Island bearing Anita’s entire bridal trousseau – her wedding gown, veil, shoes – everything she needed for their wedding.

Her bridesmaids were Ruthie Strachan Mackey and Ethel Wilson.

The wedding took place in the Anglican Church in Roker’s, and the bride and groom, along with the bridal party and guests, walked from the Bluff to Roker’s and back. Granny Cherry made the wedding cake, a pound cake, and Mammie recalls that they had bean soup, along with all kinds of down-home island food.

Mammie was blessed with 14 children, six of whom survived to adulthood: Ruth, Orthnell, Agnes, Brenda, Livingston “Junior” and Dayne. She also adopted and raised two of her brother-in-law’s children, Neville and Kermit Wilson.

Throughout Cat Island, she is known as a hard-working, industrious woman, who along with her husband, built a thriving farm, breeding cows, goats, sheep, chickens, and growing produce. At the peak of their enterprise they supplied the entire island with their meat products.

Initially, Mammie also assisted her husband in the running of their bar, which was one of the major watering holes in The Bluff settlement.

To this day, she is passionate about her God. She grew up as a Baptist and was a lay minister for the Lovely Zion Baptist Church in The Bluff. In later life she converted to the Church of God and served as a minister in her local church. She has fond memories of church conventions in Nassau, where she would lead the delegations that travelled from Cat Island to attend these events.

FIRST-TIME AUTHOR HONOURS YOUNG WOMEN AS ‘DAUGHTERS OF THE KING’

By ALESHA CADET Tribune Features Reporter acadet@tribunemedia.net YASMIN Hanna describes her new book as a powerful tool that seeks to encourage, inspire and motivate young women to be who God has called them to be.

The first-time author said “Daughters of The King” has eight chapters and each addresses a specific topic, including issues like self-esteem, goal achievements, faith, perseverance, determination and etiquette. Moreover, throughout the pages, she is certain, readers will find the courage, strength and faith to move mountains.

“I kept this vision and dream in my heart for many years to write a book titled ‘Daughters of The King’

for young females, especially teenagers. It wasn’t until 2016 that I truly acknowledged the necessity for completing this book after I became a youth director at a church. I was able to speak to so many young females at churches and schools about what they encountered on a daily basis and I have a mandate to let young females know that they have a purpose to let their light shine, and they are courageous and so much more. I had to fulfill this assignment of completing this book that God had given me for His honour and glory,” Yasmin told Tribune Woman.

Although it was a longtime dream of her, the actual experience of publishing a book was nevertheless a surreal one.

“This book is a testa-

AUTHOR YASMIN HANNA

ment of the great things that can happen when you put your total dependence and trust in God. I am so grateful to God for His help in every step of this process. On a daily basis, I see so much hidden royalty in young ladies that needs to be revealed. I wanted to create a tool to do my part in reversing that process of suppression so that our young ladies can allow the hidden royalty within them to come out and be revealed. As a result, this would cause a rippling and dynamic effect of amazing young leaders, students and believers to emerge,” said Yasmin.

She is excited to launch and host a book-signing event this Saturday at The Bible Book and Gift Centre located in the Palmdale Shopping Plaza, from 12pm to 3pm. Copies of the book

will be on sale for $10.

“I want every young lady that reads this book to know that they are truly daughters of the King. I believe that if a person is truly able to conceptualise who they are in Christ, they can begin to live the life God wants them to live. I want young ladies to know that they don’t have to settle or sell themselves short, but that they can accomplish whatever they put their minds to. This book talks about the things I was able to achieve through God’s help, and I want every young lady to know that they can accomplish the same things that I have, and even greater, because God wants to give them the best,” said Yasmin.

“Daughters of The King” is also available for purchase via Amazon and Barnes & Noble.