Issuu

business@tribunemedia.net

MONDAY, JUNE 29, 2020

$3.72

$3.73

True COVID revival ‘not until after 2024’

$3.80

$3.74

Lucayan on high alert for ‘unrest’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

AHAMIAN economic output will not recover to pre-COVID-19 levels “until after 2024”, Moody’s has warned, in a stark illustration of the economic devastation unleashed by the pandemic. The rating agency, in a “credit opinion” that accompanied its decision to cut The Bahamas’ creditworthiness by two notches to “junk” status, is forecasting that the economy will take up to five years to recover from this year’s 16 percent to 20 percent contraction. Its assessment means Bahamian gross domestic product (GDP), which measures the size and value of what the economy produces, will only return to 2019 levels in 2025 - a prediction suggesting it may take half a decade for this country to fully recover from the growth and jobs lost to the pandemic.

• Moody’s: Economy smaller in five years than 2019 • Pandemic to create ‘lasting fiscal deterioration’ • Faster growth ‘only way we can save ourselves’

And Moody’s also warned that the COVID-19 crisis, complete with its tourism and economic shutdown, has inflicted “lasting deterioration” on The Bahamas’ national debt burden and associated interest costs with “stabilisation” - rather than any meaningful improvement - in the fiscal outlook only occurring in 2022. While the country’s debtto-GDP ratio is forecast to peak at 85 percent come June 2021, Moody’s is predicting that it will remain stubbornly above 80 percent through 2024 with a very gradual rather than sharp decline. This compares to pre-COVID-19 forecasts that the debt-to-GDP ratio would stabilise at 65 percent, and is much higher than the 72-73 percent threshold estimated as recently as April 2020 when the pandemic

VAT’s ‘blood from stone’ for commercial landlords By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A BAHAMIAN realtor says the VAT Department sought to get “blood from a stone” by rejecting pleas from commercial property landlords to switch to cashbased filings/payments at COVD-19’s peak. David Morley, Morley Real Estate’s president, told Tribune Business the sole difficulty he had encountered on behalf of landlord clients was the refusal by the Department of Inland Revenue’s (DIR) VAT unit to temporarily move away from accrual-based

payments and filings given the uncertainty over whether tenants would pay their rental bills. Describing it as the only government agency he dealt with that had proven “uncooperative” in working with the business community during the pandemic’s height, Mr Morley is predicting a “12-month recovery” before business volumes return to pre-COVID-19 shutdown levels with commercial property landlords continuing to provide “concessions” to struggling tenants. He added that he had extended his recovery

SEE PAGE 2

Ex-casino worker faces jail 12 years after ‘theft’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A FORMER Crystal Palace casino worker has been ordered to report to Fox Hill prison so he can begin serving a near-three year sentence for a $20,000 counterfeit money/theft offence committed almost 12 years ago. Appeal Justice Jon Isaacs, writing a unanimous verdict, ordered that Alexander Johnson turn himself into the Royal Bahamas Police Force (RBPF) before last weekend for transportation

to the Bahamas Department of Corrections after the Court of Appeal upheld his conviction. Johnson, who held the position of “main banker” at the now-demolished Cable Beach-based casino, was found guilty of attempting to steal $20,000 from his then-employer and trying to cover-up the theft by replacing the funds taken with counterfeit US$100 bills. Appeal justice Isaacs drew heavily on the evidence laid out by Magistrate Carolyn

SEE PAGE 2

took global hold. Moody’s added that the increased debt burden, coupled with much-reduced economic activity and tax revenues, will also keep the government’s debt servicing (interest) costs far higher than historical levels when measured as a percentage of its revenue income. While interest costs will peak at 22.6 percent of revenues for the new 2020-2021 fiscal year that is due to start on Wednesday, the rating agency is forecasting that they will remain above previous peaks of around 15 percent through 2024, dropping to around 17 percent in that year. Detailing a grim outlook, and long road to full recovery, Moody’s said that while The Bahamas might experience a sharp 2021 rebound that recovers around half

the GDP output it will likely lose this year, it would swiftly return to the low-growth rates it has endured since the 2008-2009 recession. “We expect economic activity to rebound significantly in 2021, with real GDP growth reaching 12 percent,” Moody’s said. “This forecast is supported in part by the low base of comparison provided by 2020, but also by our expectation that tourism flows will pick up significantly in 2021 and total around 60-70 percent of 2019 levels. “This expectation pivots on our assumption of economic normalisation in the US, which provides around 80 percent of air arrivals. Additionally, we expect several foreign direct investment (FDI) related projects

SEE PAGE 7

MICHAEL SCOTT QC

OBIE FERGUSON

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

reiterated that the Grand Lucayan and its Board had “bent over backwards” to treat terminated staff fairly by offering greater compensation than is required by the Employment Act. However, Obie Ferguson, the Bahamas Hotel Managerial Association’s (BHMA) president, told this newspaper he “doesn’t have a clue” about any purported industrial unrest and added: “We intend to go to the Supreme Court.” The Trades Union Congress (TUC) chief, and labour attorney, revealed that the BHMA will file as early as today for an injunction to halt the dismissal of its members and employees

THE Grand Lucayan will today be placed on high alert due to expected industrial unrest over the termination of 170-plus staff, with its chairman pledging: “I’m going to nip this in the bud.” Michael Scott QC told Tribune Business he will respond with “ruthless resolve” after being informed that union activists were planning a 21-person protest at the governmentowned resort even though it currently remains closed. Warning that any agitators will be confronted by security staff and the police, and “escorted off the property”, he warned unionists against such measures and

SEE PAGE 4

PAGE 2, Monday, June 29, 2020

VAT’s ‘blood from stone’ for commercial landlords FROM PAGE ONE forecast by a further three months as landlords continue to focus on retaining longstanding tenants amid the wait for tourism’s rebound, forecasting that the Bahamian economy’s woes will last for at least 15 months when the three-month lockdown is factored in. “The only thing I had difficulty working on was VAT,” Mr Morley recalled of the CVID-19 lockdown period. “A couple of clients had to do their VAT filings on an accrual basis based on what they had billed not knowing whether the tenants had the ability to pay. “We asked for a temporary reprieve and to be able to file on a cash basis. Their [VAT Department’s] position was: ‘No. You have to file on an accrual accounting basis, and if the company cannot pay they have to do one of two things. Go to the shareholders of the company and ask for them to cough up money

to pay the VAT or make a payment plan’. “I said: Look, these landlords cannot get blood from a stone. Why should the VAT Department be able to do that? It’s like asking Super Value or a food store to pay for products on the shelves before the customer buys it. They said that was not an exact comparison and didn’t like it.” Mr Morley said the request by himself and his clients was ultimately denied, and he added: “They’re the only government department I feel was not co-operative and helpful in this situation. It is what it is. I don’t envy government. We didn’t expect this crisis but we’re all in this together. If we all work together we will get through it and succeed on the other side.” Mr Morley said mall, retail and commercial office space owners were still maintaining a delicate balance between tenant woes and generating sufficient cash flow to pay their own costs such as

THE TRIBUNE insurance premiums and real property taxes. “The last three months, I think on the whole landlords and tenants have worked things through, and I think tenant retention was very successful,” he told this newspaper. “There were a couple of instances where tenants threw in the towel and said no matter what concessions you give us, we cannot work with anything as we have no income. “I thought it would be a three-month shutdown and nine months of recovery, but now I think it will probably be a 12-month recovery before we see on the economic side the volumes we would have been experiencing prior to the shutdown. I think you’re looking at a complete 15-month period. “Now we’re seeing businesses back open, landlords are continuing with concessions to the tenant. But, at the same time, we are all hoping between now and Christmas we can ramp down concessions as the economy ramps back up.” Mr Morley said the rental discounts provided by commercial landlords had varied. Those tenants forced to close had frequently been offered

50 percent off their lease payments, while those able to offer drive-through, curb side or home delivery services had seen their bill reduced by a lower 25 percent. “Any concessions that the landlord has given now are far less expensive than what it costs the landlord if they lose tenants in this period and have to replace them in terms of lost revenue,” he added. “But not all tenants are alike. “You had banks, food stores and pharmacies that were essential businesses that never closed, and never had concessions granted to them. Some of the restaurants had drive throughs, and they didn’t get the same level of concessions as businesses shut down altogether. “Most landlords gave 50 percent concessions to those businesses that had to be shut down, whereas drive-through businesses got a 25 percent concession. It was really sitting down with those tenants and showing appreciation for the long-standing relationship, helping them stay in business while the landlord pays the long-term operating expenses. You still have to pay your insurance premiums, pay your property tax.”

Ex-casino worker faces jail 12 years after ‘theft’ FROM PAGE ONE Vogt-Evans at the original trial in 2016, where she convicted Johnson of possessing forged US currency and stealing by reason of employment. She imposed a 35-month custodial sentence, but that was delayed while the appeal process played out. Magistrate Vogt-Evans noted that Johnson was quickly identified as a prime suspect once the counterfeit US dollar bills were discovered “because he was responsible for all the money on his shift, and the [fake] notes were found on his shift and he never reported it”. The counterfeit money was discovered in three “floats” provided to cashiers of the Crystal Palace’s sports book when Johnson would have been on shift, and prosecution witnesses testified that there were both discrepancies in his filed paperwork and strange behaviour that was caught on video surveillance. Michelle Turnquest, the Crystal Palace’s video surveillance operator, testified that Johnson did not follow established procedures as he “placed a tray on a chair with his back to the camera. He took money from the safe stacked on the ground, which he threw there, and you could not tell what his body was doing........ he was putting the money on the table

under a mat.” Johnson was arrested three days after the incident on December 17, 2008, by Royal Bahamas Police Force officers who found $1,448 on him that they suspected to be the proceeds of crime. A search of his vehicle produced Neenal Brand paper suspected of being used to produce the 200 US$100 counterfeit notes. This was confirmed following a forensic examination by Kyne Dekoski, an officer with the US Secret Service. Using a “30 power microscope”, he testified that the paper found in Johnson’s vehicle was the same as that which had been used to produce the counterfeit US currency. “The analysis of the Neenan paper found in the appellant’s vehicle and examination of the paper used in the counterfeit currency by the US Secret Service revealed that ‘the paper examined striati onas was present in the paper which was also present in the bills;,” Appeal Justice Isaacs noted. He, and his two fellow appeal judges, rejected Johnson’s claim that his conviction was “unsafe and unsatisfactory” because the magistrate had used “intent to defraud” as an element of the theft offence. Appeal justice Isaacs said there was no suggestion that this placed a “burden” on the former casino worker.

To advertise in The Tribune, contact 502-2394

THE TRIBUNE

Monday, June 29, 2020, PAGE 3

PM pledges no approval Tourism providers find for Andros ‘non-starter’ re-opening tough going By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE prime minister’s pledge that the government “will not grant” permission for a free trade zone in North Andros was yesterday hailed as “very encouraging” by the Bahamas National Trust’s (BNT) top executive. Eric Carey, the Trust’s executive director, reiterated to Tribune Business that the proposal headed by Los Angeles-based billionaire philanthropist, Dr Patrick Soon-Shiong, was a “nonstarter” for his organisation and other environmentalists given that it would impact all the national parks on that island. Despite the optimism generated by Dr Hubert Minnis’ comments during his national address yesterday, Mr Carey called for continued “vigilance” and tracking of the North Andros Green Free Trade Zone should a formal proposal eventually be submitted for the government’s approval. Warning that the prime minister’s message may not have been strong enough, the BNT chief said his comments could “trigger” Dr Soon-Shiong into offering a revised or scaleddown version of the project rather than killing-off his ambitions. “For the prime minister to come out and say...... that is something they will not consider, that is actually very encouraging,” Mr Carey told this newspaper. “We have to still be vigilant and track the process, so that if a detailed proposal is submitted we get word on that as well. “If the developer goes through with a detailed submission, we’d like to hear when that happens. I’d like to see whatever they provide if they decide to stick with it. Hopefully this signal is strong enough that the developer will see the government is saying we won’t consider that large-scale development.” Mr Carey spoke out after the prime minister, in his national address, promised that his administration will not permit a free trade zone’s development in North Andros nor the sell-off of vast tracts of land to international investors. Tribune Business understands Dr Soon-Shiong’s ambitions have been significantly scaled-down in size compared to the 500,000 acres detailed in the initial proposal, and would require a much smaller footprint - especially since it would only be developed in stages

should it receive the goahead from the government. Nevertheless, Dr Minnis said yesterday: “In the draft proposal there are concepts for the development of half a million acres of land, aragonite harvesting, medical research facilities, air and seaports, and other developments. “The proposal has not been formally analysed nor reviewed to determine its viability, nor has it been presented to the National Economic Council (meaning the Cabinet) for consideration....... My government has not approved the proposal.” Accusing the Opposition of “misusing” revelations about the North Andros Green Free Trade Zone proposal “to sow confusion in our country”, the Prime Minister promised: “Let me be very clear for all to hear. This government will not grant a free trade zone in Andros. “Nor will we alienate or sell-off vast tracts of Bahamas land as a previous PLP administration allowed in Mayaguana, when10,000 acres was alienated to a foreign group.” That is a notso-subtle reference to the first Christie administration’s deal with the Bostonbased I-Group, which was intended to evolve into a southern Bahamas version of Freeport but, to-date, has fallen woefully short of such lofty aspirations. Setting out the government’s policy stance, Dr Minnis said: “We welcome Bahamian and foreign investors submitting proposals that are win-wins for the people of The Bahamas and for the investors. At this time of great economic hardship we need all the appropriate investment we can get. However, my government will not approve concepts from Bahamians or foreigners we think are not in the best interest of the Bahamian people.” Dr Soon-Shiong, who was said by Forbes to have a net worth of $6.9bn as at March 2020, would appear to be the sort of legitimate, bona fide

investor that The Bahamas needs to attract to reignite its economy and employment in the wake of the COVID-19 pandemic. A part-owner of the Los Angeles Lakers, and owner and executive chairman of the Los Angeles Times and The San Diego UnionTribune newspapers, his initial Andros proposal which has yet to be formally submitted to the government and its investment agencies - aims to create 750-plus full-time jobs, and 10,000 construction jobs over the build-out. Some $200m-$250m will be invested over the first two phases of a development targeted at the Morgan’s Bluff area in North Andros. The project is focused on “value-added” manufacturing involving the creation of finished products from aragonite and other Bahamian natural resources, rather than simply exporting the raw material. However, Mr Carey added yesterday: “The nongovernmental organisation community has spoken too. It [the project] is totally out of scale, inappropriate and out of sync. There was an Andros master plan that was part of the National Development Plan, and this would be completely out of sync with that. “Hopefully the government will apply the principles outlined in that master plan before they review any of the proposals on the table. We just have to wait and see what the next steps are.” The BNT chief said the free trade zone plan would “impact and touch all the national parks on Andros, and added: “From our perspective it’s a non-starter.” The prime minister did not yesterday mention the project involving Cameron Symonette, the Symonette Group’s chief executive, was one of the principals behind a proposed aggregate mining and land reclamation project that would generate more than 100 jobs - and a total $125m investment - at full build-out.

EMPLOYMENT OPPORTUNITY Ambulatory Medical facility in Freeport is seeking, Qualified and Registered Pharmacist with a minimum of 5 years experience.

Contact Human Resource Manager 373-7400 ext. 235 or accounts@lucayanmedical.com

Vacancy Announcement

The American Embassy in Nassau is accepting applications for the following position:

OBO Safety Program Coordinator Salary $52,920.00 – $79,380.00

Duties: Working under the Project Director of the Overseas Building Operations (OBO) project team, the Safety Program Coordinator provides professional expertise and guidance relating to site safety and health issues during all phases of construction, including site development, excavation, foundation, superstructure, exterior walls, mechanical and electrical systems, and interior finish work for the Nassau New Embassy Compound (NEC). The position is responsible for ensuring compliance with U.S. Department of State as well as host country construction safety and health regulations. Interested candidates are required to possess the following skills and qualifications: •

Education: University degree in safety management, occupational health and safety, environmental safety, construction, engineering, or architecture is required.

•

Experience: Five years in construction with experience in occupational safety or industrial hygiene is required.

•

Language: English level IV (Fluent) Speaking/Writing/Reading is required.

The complete Vacancy Announcement and Application forms are available online on the Electronic Recruitment Application (ERA) located on the following website: https://bs.usembassy.gov/embassy/jobs Applications will not be accepted at the Security Gate of the Embassy, by Mail, E-mail or other means of delivery. Deadline: Friday, July 10, 2020. Due to the high volume of applications, unsuccessful candidates will not be contacted.

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net SEVERAL tour, attraction and excursion providers say they are struggling to understand and implement the necessary COVID-19 protocols after the Prime Minister yesterday gave the go-ahead for their July 13 re-opening. Peter Rebmann,Pearl Island’s managing partner, indicated that the July restart would have little impact for his business given that “90 percent of our revenue is event and cruise line guests”. He added: “For us, it is no help. “What is confusing for us is that the government reached out to every tour operator and announced that we would get the proper measurements from them, different kinds of rules from them, that we need to fulfill in order for us to get back into operation. “It was also said from the government that a commissioner would come to the tour operator, and we would get a certificate that we would be allowed to run our business. I have not heard anything since then so I am not sure if I am allowed to open, because these details were all back in the e-mails we exchanged with the government.” Mr Rebmann added: “We reached out several times, and we always hear that they are coming back to us but they never do. So when I heard that my major business would only be the tourists and the hotel guests, I have no guidelines and I don’t know if I am able to open in July or not? “I’m not sure if anyone has any certificate from the government, and I don’t know what’s going on with that. The only reason I’m not concerned is that my

business comes from the cruise lines and we are in close contact with all of them.” Mr Rebmann acknowledged there will “most likely” be no cruise ship passengers before October and, even when they do return, passengers will be restricted to pre-planned and booked tours that meet the industry’s strict health requirements. “There will be a few tour operators that will be operating in a safety bubble for their cruise ship guests, and that might be an opportunity for Blue Lagoon, Balmoral and Pearl Island, as we can show them the safety island bubble,” he added. The prime minister yesterday said tour, attractions and excursions can re-open with effect from July 13. Vendors, including straw vendors, as well as jet ski operators will be able to return to work on July 27. He added that the government has also reduced the window during which incoming tourists to The Bahamas must obtain a negative COVID-19 PCR swab test, slashing this from no later than ten days prior to travelling to just seven days before departure with effect from July 7 to better protect this nation against the surge in infections currently being experienced in the US. Narine Ramotar, owner/ operator of Nassau Snorkeling, said: “I’m not prepared at all. I’m having issues right now with boats, and I’m in the store right now trying to get everything back up and running. He revealed he had to sell one of his vessels, and is now trying to repair an older one to get it into service. “I was already operating in the red, but my main vessel I was operating, I took it out and it ran out

of oil, and I have to switch out engines. So I’m not prepared to open until I get everything sorted out, and I’m not so sure on how soon that is going to be,” Mr Ramotar added. He said he took up fishing during the COVID-19 shutdown but added that it was insufficient to sustain himself as only generated enough income to buy food and pay small bills. “It was hard even to pay the dock fees. When you have to pay guys to go out fishing with you, it’s a lot different than taking tours,” Mr Ramotar said. “I don’t agree with the opening now anyway, at least until all of these countries start clearing up. That is a big concern for me. I would not want to open up until I see how things really go. I’m already a small growing company with only six years in. This is a devastation on top of Hurricane Dorian, but I’m sticking it out.” Jamie Lewis, owner/ operator of Islandz Tours, said: “My preparedness is in line with the Ministry of Tourism’s clean and pristine certification programme, and we have incorporated a lot of those elements into our plans.” Rising COVID-19 infection rates in the US are “definitely a cause for concern, Mr Lewis added, saying: “The number one priority has to be protecting the health of the Bahamian society, and we have to strike a balance with facilitating commerce, so I imagine that once the borders open and people start to come down everyone has to step up to the plate and make sure that they adhere to all of the protocols outlined by the Ministry of Tourism and the Ministry of Health to make sure we mitigate against the spread of infection.”

To advertise in The Tribune, contact 502-2394

PAGE 4, Monday, June 29, 2020

Lucayan on high alert for ‘unrest’ FROM PAGE ONE

until Lucayan Renewal Holdings, the special purpose vehicle (SPV) that owns the resort on the government’s behalf, complies with the requirements set out in the Employment Amendment Act 2017. Mr Ferguson is arguing that the staff terminations, which are occurring as part of preparations for the Grand Lucayan’s sale to the ITM Group/Royal Caribbean joint venture, are non-compliant with section 26 a) of that Act. This requires employers to discuss potential redundancies of 20 persons or more with employee representatives or bargaining agents, such as trade unions, so all sides can agree the process and due severance to be paid. The BHMA is alleging that Lucayan Renewal Holdings failed to abide by this procedure, but Mr Scott countered that it has no standing as a bargaining agent because its industrial agreement expired in 2014 and a new one was never negotiated. As a result, he is arguing that the Employment Act section cited by Mr Ferguson as the basis for the union’s legal action does not apply, and Lucayan Renewal Holdings therefore

did not have to discuss the planned terminations with the BHMA in advance. Mr Scott also pointed to a November 13, 2019, Supreme Court “consent order” as justification for his position. That halted a previous trade dispute brought by the BHMA against Lucayan Renewal Holdings, with the Industrial Tribunal having to “refrain” from further hearing the matter on the grounds that there was no industrial agreement in place that could be enforced. The Grand Lucayan chairman also hit out at Mr Ferguson and the BHMA for allegedly failing to provide an accounting of how monies from the resort’s emergency employee welfare fund were spent prior to the government’s September 2018 acquisition of the property, arguing that there had been no response to the Board’s repeated requests. Mr Ferguson, though, retorted that any problems had been caused by Lucayan Renewal Holdings’ failure to complete the necessary paperwork and nominate signatories that would have joint authority with the union over the emergency fund’s bank accounts. The row between Messrs Scott and Ferguson indicates that relations between

THE TRIBUNE the Grand Lucayan Board and its middle management union have reached an alltime low. Mr Scott branded Mr Ferguson as “full of hot air”, while the trade union leader countered by accusing him of being anti-worker. However, affirming that he will not tolerate industrial action in any form, Mr Scott said: “I’ve been alerted that the union is planning some unrest on Monday [today], sending 21 people back with nothing to do because the hotel is not open. “I am going to have security there, the police there, Harvey Tynes QC there, and am going to nip this in the bud with ruthless resolve. I am not going to let that happen. There is no excuse for them to be there. They have no reason to be there, and will have them escorted off the property. I intend to shut that down and, if I were the union, I would not do that.” Asserting that the 170plus workers set to depart the Grand Lucayan over the next several weeks have been treated more than reasonably, Mr Scott said the board had ensured they were provided with free independent legal advice to ensure they fully understood the “deed of release” they are being asked to resign in return for receiving their severance payouts. “As many of our employees did not understand the release and indemnity prepared for retiring staff to sign, I engaged Harvey Tynes to come on premises during the severance arrangements and advise

To advertise in The Tribune, contact 502-2394

any retiring staff unclear on the meaning of the release so that they could feel secure in their execution of the documentation. This independent counsel is being retained at our expense,” Mr Scott said. “We’ve bent over backwards to treat them [the staff] fairly. We’ve had three accountants look at the figures, and they’re satisfied they’re correct and they’ve been treated fairly. I regret very much that I have to take these steps, but the record needs to be clarified.” However, Mr Ferguson yesterday said he was unaware of any industrial action due to take place at the Grand Lucayan today. He suggested that the 21 persons referred to by Mr Scott might simply be following the Prime Minister’s instructions for all public sector workers to return to work today given that the Government currently owns the resort. “I don’t have a clue what he’s talking about,” he told Tribune Business of Mr Scott. “I have not authorised, nor am I knowledgeable about, any industrial action. I’m going to court. I spent my whole Sunday today drafting the writ of originating summons with a supporting affidavit, as we as the court to restrain him from carrying out the redundancies without complying with the Employment Amendment Act. “We intend to go to court, the Supreme Court, to seek an injunction requiring him to follow and comply with Section 26 a) of the Employment Amendment Act 2017. We will have it filed as early as Monday [today], and we will seek an urgent date with the court on that particular application. “We are satisfied that the Act provides for a specific mandated procedure that must be followed and, in this case, the chairman never says he made an attempt - and nor did the minister [Dionisio D’Aguilar] make any attempt to notify the union about the redundancies. This is a requirement by law,” Mr Ferguson continued.

“We’re going to court to seek an injunction restraining him from releasing employees without following the Act. The point is not that the company cannot make the workers redundant. Our position is that if the company decided to make workers redundant, if there is an Act of Parliament that speaks to the procedures to be followed it must be followed. “It seems to me the court is the most appropriate place, and I’m sure the court will appreciate the urgency of the application we’re about to file and assist in ensuring the chairman follows the law. We are not above the law. Everyone must follow the law, the union and him.” Mr Scott, though, said the Supreme Court’s November 2019 “consent order” - entered in another dispute between the Grand Lucayan and BHMA showed the union had no standing to bring any action in relation to the Employment Amendment Act’s section 26 a). This order came after Arthur Parris, an attorney representing the resort, alleged in a July 31, 2019, affidavit that “the union wrongly took the view that the industrial agreement continued forever” despite the initial deal with Hutchison Lucaya expiring in 2014. He argued that the union has misinterpreted language in the agreement saying its terms remained in effect until a new one was signed, and added: “The [Industrial] Tribunal agreed that as the industrial agreement had expired and was not renewed, there was no agreement in place that could be enforced.” Mr Ferguson, though, countered that it was Mr Scott and the Board that had “misinterpreted” the law, arguing that what counted was the BHMA’s status as bargaining agent and representative for the middle management employees - not whether a valid industrial agreement is in place.

BRITAIN’S TOP CIVIL SERVANT STEPS DOWN FROM POWERFUL ROLE LONDON Associated Press BRITAIN’S top civil servant and one of the most powerful people in government announced yesterday that he would step down, as Prime Minister Boris Johnson prepared to shake up the the country’s civil service. Mark Sedwill said Sunday he would resign from his roles as Cabinet secretary, national security adviser and head of the Civil Service in September. He said it had been a privilege to serve, but now is the time for change because the Johnson government was shifting to a new phase. “It was obviously right to stay on for the acute phase of the COVID-19 crisis,” Sedwill said in his resignation letter. “As you are setting out this week, the government’s focus is now shifting to domestic and global recovery and renewal.” Johnson’s Europe adviser, David Frost, will step into the role of national security adviser. The statement from Johnson’s Downing Street office didn’t say who was stepping into the other roles. Frost will remain the chief negotiator for European Union talks and said “these will remain my top single priority until those negotiations have concluded, one way or another.’’ Sedwill, a 54-year-old former diplomat, has been accused of lacking the domestic policy skills needed to respond to the crisis sparked by the coronavirus pandemic. In recent months, reports also had suggested he had fallen afoul of Dominic Cummings, Johnson’s powerful aide, who wanted the public servant removed. Speculation about his future was fueled when Simon Case, who was appointed permanent secretary in Johnson’s Downing Street office amid the pandemic, was chosen to lead a review into social distancing restrictions.

THE TRIBUNE

Monday, June 29, 2020, PAGE 5

The faster the better some things never change ACTIVTRADES WEEKLY By RICARDO EVANGELISTA www.activtrades.bs IN THE distant year of 490BC a Greek messenger raced from Marathon, the site where a Greek army had just fought and beaten the invading Persians, to Athens, more than 25 miles away, to deliver the good news. Many centuries later, in 1896, this feat was celebrated during the first ever Olympic games, where athletes from several countries competed to cover a similar distance in the fastest possible time. Since then, countless runners from all around the world completed marathons, with the current world record, held by the Kenyan Eliud Kipchoge, standing at just under two hours. However, the haste at which even the fastest human can run pales in comparison with how fast information circulates on the internet.

Streams of data flow through cables and electromagnetic waves, generated and received by cellular masts, allowing us to routinely send emails, make video calls and access vast amounts of information. Being able to send and receive data, in a fast and reliable way, regardless of the distance covered, is as important in our age as it was in the 5th century BC. Vast resources are being invested to enhance our ability to communicate. Today it is common for information to travel, almost at the speed of light, through optical cables; roughly one foot per nanosecond, and this is why the length of the cable becomes important. In 2010, a New York hedge fund spent $300m on an 827 miles long underground cable, linking the Nasdaq data centre, in New Jersey, to the Chicago Mercantile Exchange, thorough the shortest possible

NOTICE A STARLINK route, under lakes, rivers and mountains, in order to reduce the latency of the orders it was placing to buy futures contracts. The reduction, in comparison with the available option, was merely three nanoseconds (a blink of an eye takes 200 nanoseconds). A cost of $100m per nanosecond is not cheap, but still worth it for the hedge fund, allowing it to buy and sell futures contracts just ahead of other traders; a great example of the old saying “time is money”! Soon 5G technology will be available almost everywhere. It will enable the so-called internet of things. Everything will be connected to everything else, with information circulating at the dizzying speed of ten gigabits per second – 100 times faster than the current 4G networks. Meanwhile, SpaceX is creating a network of

Vacancy Announcement

The American Embassy in Nassau is accepting applications for the following position:

Accountability Service Center (ASC) Supervisor Salary $47,052.00 – $70,584.00

Duties: The Accountability Service Center Supervisor is one of eight positions assigned to the Accountability Service Center (ASC), our “one-stop shop” for managing all accountable aspects of Property Management, Real Estate, Emergency Preparedness, Fleet Management, etc. The ASC safeguards against waste, fraud and abuse of U.S. government property through impeccable record keeping, analysis of processes and information; performs or arranges management audits; establishes and recommends improvements in management controls. Incumbent responds to requests, executes tasks, and participates in various projects assigned by the Management Counselor. Incumbent reports and is reviewed by the Management Counselor and provides supervision to the Fleet Management Analyst, Property Management Analyst, Real Estate Management Analyst, Emergency Preparedness Coordinator, Contracting Officer’s Representative and two Clerks. Interested candidates are required to possess the following skills and qualifications: •

Education: Completion of high school education and two years of university studies are required.

•

Experience: A minimum of five years administrative management experience in a large organization and one year supervisory experience is required. Experience can be concurrent.

•

Language: Level IV (fluent) in English is required.

thousands of small low orbit satellites, called Starlink, aiming to provide complete global internet coverage by 2022. As light travels even faster in the vacuum of space than it does through fibre optic, and the satellites will be on a low orbit, there will be even less latency than through standard 5G networks. Starlink’s business plan estimates the firm will eventually generate 30 to 50 billion dollars per year, just in premium stock exchange memberships. As we can see, the future promises to be more technology dependent and interconnected than ever. Like the messenger that ran from Marathon to Athens, today’s businesses and individuals are committed to sharing and obtaining information quickly and effectively, everywhere and all the time; no matter at what cost.

NOTICE is hereby given that MICHO VENSON JUSTILIEN, Kemp Road, Lyond Road Nassau, New Providence, The 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 22nd day of June 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

THE TRIBUNE

Monday, June 29, 2020, PAGE 7

True COVID revival ‘not until after 2024’ FROM PAGE ONE

to begin construction in 2021, as well as post-Dorian reconstruction efforts to resume. “Despite the sharp rebound of 2021, the impact of the coronavirus will be significant enough that GDP will not recover until after 2024, and will remain well below past expectations.” Charts produced by Moody’s forecast that the Bahamian economy will, in 2023 and 2024, still be two to three percent below the size/output it achieved in 2019 despite the blow inflicted by Hurricane Dorian. This compares to February 2020 forecasts, just prior to COVID-19’s full impact, which predicted that the Bahamian economy would be five percent larger than 2019 levels come 2023 rather than smaller as is projected now following an 18 percent contraction this year. And the fiscal outlook as estimated by Moody’s is

just as uninspiring. Describing the government’s planned 60 percent increase in capital spending in 2020-2021 as “ambitious”, Moody’s revealed it does “not expect the government to execute the full capital expenditure plan of $515.5m. However, with revenue projected to fall by $900m or 16 percent, it added: “The large deficits of 2019-2020 and 2020-2021 will take the debt-to-GDP ratio to 85 percent of GDP by June 2021. “Authorities are planning a gradual consolidation in 2021-2022 and onward, which includes rationalisation at state-owned enterprises. While these fiscal dynamics may support the stabilisation of debt metrics by 2022, the debt and interest burdens will have increased materially by then. “The interest burden, coupled with low mediumterm growth potential for the country, means that we do not foresee a material improvement in fiscal

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, QUISHAWNA SAUNDERS of Woodlawn Gardens, Soldier Road, P.O. Box EE-15478, Nassau, The Bahamas, intend to change my name to QUISHAWNA KEMP. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O.Box N-742, Nassau, N.P., Bahamas no later than thirty (30) days after the date of publication of this notice. LEGAL NOTICE

NOTICE MAHLBERGLTD. (In Voluntary Liquidation) Notice is hereby given that the above-named Company is in dissolution, commencing on the11th day of June, 2020. Articles of Dissolution have been duly registered by the Registrar. The liquidator is AMICORP BAHAMAS MANAGEMENT LIMITED, of Nassau, Bahamas. Dated this 25thday of June, 2020

AMICORP BAHAMAS MANAGEMENT LIMITED LIQUIDATOR

metrics past a broad stabilisation in 2022.” K Peter Turnquest, deputy prime minister and minister of finance, last week urged Bahamians not to panic over the latest sovereign credit rating downgrade by Moody’s. He pointed out that “it was expected”, with multiple other countries suffering similar outcomes due to the fiscal and economic blows dealt by COVID-19. “It’s not the end of the world, and we have to make sure we don’t see it as the end of the world,” he told Tribune Business. However,

NOTICE

PINK OCEAN LTD.

(In Voluntary Liquidation) Notice is hereby given that the above-named Company is in dissolution, commencing on the 23rd day of June, 2020. Articles of Dissolution have been duly registered by the Registrar. The liquidator is AMICORP BAHAMAS MANAGEMENT LIMITED, of Nassau, Bahamas.

Depending on how good a job we do on GDP, we may be able to cut back a little less on expenditure, but that framework has to go into play. A reduction in expenditure by five percent per annum, and an increase in GDP by six to seven percent per annum. That’s the only way to get out of it.” Calling for a radical shift in economic thinking and policies, Mr Myers added: “We have got to get creative. It’s got to be a paradigm shift in the way we think. We cannot win. We’re losing, losing battles, and cannot get a win unless we have a

paradigm shift in the ease and of doing business, and growth and development. “The most immediate effect you are going to have on unemployment and foreign direct investment(FDI) is through stimulating the second home market and having many of these mid and large-sized developments coming through. We have to bring in money and employment now. “Bringing in 5,000 Chinese workers is not going to help us. We need Bahamians to be employed, Bahamian businesses to be employed.”

MARKET REPORT www.bisxbahamas.com

(242) 323-2330

FRIDAY, 26 JUNE 2020

(242) 323-2320

ALL SHARE INDEX: CLOSE: 2,123.32 | CHG: -0.28 | %CHG: -0.01 | YTD: -108.28 | YTD%: -4.85 BISX LISTED & TRADED SECURITIES 52WK HI 4.24 22.65 7.00 6.75 2.58 2.00 5.47 12.77 6.16 4.50 9.92 3.64 5.10 10.88 8.44 16.99 9.40 4.25 15.21

52WK LOW 3.21 20.91 5.50 5.39 1.78 0.67 2.00 11.05 5.60 3.62 5.41 2.53 2.20 8.00 7.10 13.04 6.98 3.20 13.90

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 Emera Incorporated Famguard Fidelity Bank Finco Focol J. S. Johnson

SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS EMAB FAM FBB FIN FCL JSJ

1000.00 1000.00 1000.00 1000.00

Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Fidelity Bank Class A Focol Class B

CAB6 CAB8 CAB9 CAB10 CHLA FBBA FCLB

PREFERENCE SHARES

1.00 10.00 1.00

1.00 10.00 0.90

CORPORATE DEBT - (percentage pricing) 52WK HI 100.00

52WK LOW 100.00

115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.00

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

52WK HI 2.31 4.40 2.10 198.39 168.29 1.69 1.85 1.77 1.24 8.34 10.26 7.08 12.15 12.71 10.81 10.00 8.98 11.79

52WK LOW 1.67 3.30 1.68 164.74 116.70 1.64 1.77 1.72 1.07 6.41 7.62 5.66 8.65 10.54 9.57 9.88 8.45 11.20

SECURITY Fidelity Bank Note 22 (Series B) +

SYMBOL FBB22

Bahamas Note 6.95 (2029) 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: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-3Y BGS: 2015-10-7Y

BAH29 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0307 BG0330 BG0403 BG0407

BAHAMAS GOVERNMENT STOCK - (percentage pricing)

MUTUAL FUNDS

LEGAL NOTICE

Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, argued that drastic growth and fiscal reforms were “the only way we’re going to save ourselves”. “We’ve got to stimulate growth because that’s the rising tide that lifts all boats. That’s the only way we’re going to save ourselves,” he argued. “We’ve got to stimulate growth and development, and cut back recurrent expenditure by five percent a year for the next, I would say, six years. “We’ve got to get spending in line and revenues up.

MARKET TERMS

LAST CLOSE 3.21 17.43 6.00 6.75 1.78 1.62 2.99 11.26 6.16 4.00 5.92 2.87 5.10 9.55 8.44 14.50 8.97 3.72 15.20

CLOSE 3.21 17.43 6.00 6.75 1.78 1.62 2.99 11.26 6.16 4.00 5.92 2.82 5.10 9.27 8.44 14.50 8.97 3.72 15.20

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.05 0.00 -0.28 0.00 0.00 0.00 0.00 0.00

1000.00 1000.00 1000.00 1000.00 1.00 10.00 0.90

0.00 0.00 0.00 0.00 0.00 0.00 0.00

LAST SALE 100.00

CLOSE 100.00

CHANGE 0.00

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

VOLUME

400 840 300

VOLUME

FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund Leno Preferred Income Fund Leno Growth Fund Leno Diversified Fund Leno 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 Colonial Bahamas Fund Class D Colonial Bahamas Fund Class E Colonial Bahamas Fund Class F

NAV 2.31 4.39 2.10 192.52 145.55 1.69 1.81 1.77 1.07 8.30 9.90 7.08 11.27 12.71 10.23 N/A 8.31 10.01

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00

YIELD - last 12 month dividends divided by closing price

EPS$ 0.239 0.932 1.760 0.369 0.070 0.000 -0.438 0.722 0.449 0.184 0.140 0.102 0.467 0.646 0.728 0.816 0.939 0.203 0.631

DIV$ 0.170 1.260 0.000 0.260 0.000 0.020 0.000 0.720 0.220 0.120 0.000 0.434 0.060 0.328 0.240 0.540 0.200 0.120 0.610

P/E 13.4 18.7 N/M 18.3 N/M N/M -6.8 15.6 13.7 21.7 42.3 27.6 10.9 14.3 11.6 17.8 9.6 18.3 24.1

YIELD 5.30% 7.23% 0.00% 3.85% 0.00% 1.23% 0.00% 6.39% 3.57% 3.00% 0.00% 15.39% 1.18% 3.54% 2.84% 3.72% 2.23% 3.23% 4.01%

0.000 0.000 0.000 0.000 0.000 0.000 0.000

0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.00% 0.00% 0.00% 0.00% 6.25% 7.00% 6.50%

INTEREST Prime + 1.75%

MATURITY 19-Oct-2022

6.95% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.50% 6.25% 3.50% 4.25%

20-Nov-2029 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-2022 26-Jun-2045 15-Oct-2018 15-Oct-2022

YTD% 12 MTH% 1.04% 3.87% 0.61% 2.93% 0.50% 2.50% -1.34% 2.23% -12.71% -5.79% 1.88% 3.90% -2.26% 2.49% 0.76% 3.56% -11.03% -8.03% -0.45% 8.36% -3.20% 11.46% 2.10% 5.15% -6.17% 3.54% 2.92% 5.55% -4.66% -3.81% N/A N/A -10.90% -4.30% -18.80% -12.00%

NAV Date 31-Mar-2020 31-Mar-2020 27-Mar-2020 31-Mar-2020 31-Mar-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-Mar-2020 31-Mar-2020 31-Mar-2020

52wk-Hi - Highest closing price in last 52 weeks

Bid $ - Buying price of Colina and Fidelity

52wk-Low - Lowest closing price in last 52 weeks

Ask $ - Selling price of Colina and fidelity

Previous Close - Previous day's weighted price for daily volume

Last Price - Last traded over-the-counter price

Today's Close - Current day's weighted price for daily volume

Weekly Vol. - Trading volume of the prior week

Change - Change in closing price from day to day

EPS $ - A company's reported earnings per share for the last 12 mths

Daily Vol. - Number of total shares traded today

NAV - Net Asset Value

DIV $ - Dividends per share paid in the last 12 months

N/M - Not Meaningful

P/E - Closing price divided by the last 12 month earnings

Dated this 29th day of June, 2020 AMICORP BAHAMAS MANAGEMENT LIMITED LIQUIDATOR

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | COLONIAL 242-502-7525 | LENO 242-396-3225 | BENCHMARK 242-326-7333

PAGE 8, Monday, June 29, 2020

THE TRIBUNE

THE WEATHER REPORT

5-Day Forecast

TODAY

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

Partly sunny

Clear

Sunny to partly cloudy and pleasant

Mostly sunny, a t‑storm in the p.m.

Mostly cloudy with a shower

Clouds and limited sun

High: 90°

Low: 79°

High: 90° Low: 80°

High: 90° Low: 79°

AccuWeather RealFeel

102° F

87° F

102°-88° F

101°-87° F

101°-88° F

ORLANDO

High: 98° F/37° C Low: 77° F/25° C

TAMPA

High: 94° F/34° C Low: 81° F/27° 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.

almanac

ABACO

High: 87° F/31° C Low: 82° F/28° C

4‑8 knots

High: 93° F/34° C Low: 78° F/26° C

4‑8 knots

FT. LAUDERDALE

FREEPORT

High: 93° F/34° C Low: 80° F/27° C

W S

WEST PALM BEACH

High: 90° F/32° C Low: 78° F/26° C

MIAMI

High: 95° F/35° C Low: 79° F/26° C

3‑6 knots

Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 88° F/31° C Low .................................................... 80° F/27° C Normal high ....................................... 87° F/31° C Normal low ........................................ 74° F/24° C Last year’s high ................................. 89° F/32° C Last year’s low ................................... 74° F/23° C Precipitation As of 2 p.m. yesterday ................................. 0.00” Year to date ............................................... 24.47” Normal year to date ................................... 13.43”

ELEUTHERA

NASSAU

High: 90° F/32° C Low: 79° F/26° C

High: 86° F/30° C Low: 79° F/26° C

KEY WEST

High: 91° F/33° C Low: 83° F/28° C

High: 86° F/30° C Low: 81° F/27° C

W S

6‑12 knots

ANDROS

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

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

tiDes For nassau High

Ht.(ft.)

Low

Ht.(ft.)

Today

2:52 a.m. 3:39 p.m.

2.8 3.0

9:16 a.m. ‑0.1 9:59 p.m. 0.4

Tuesday

3:53 a.m. 4:40 p.m.

2.7 3.1

10:13 a.m. ‑0.2 11:04 p.m. 0.3

Wednesday 4:54 a.m. 5:38 p.m.

2.6 3.3

11:09 a.m. ‑0.2 ‑‑‑‑‑ ‑‑‑‑‑

Thursday

5:53 a.m. 6:33 p.m.

2.6 3.4

12:06 a.m. 0.1 12:04 p.m. ‑0.3

Friday

6:50 a.m. 7:26 p.m.

2.6 3.4

1:03 a.m. 0.0 12:57 p.m. ‑0.4

Saturday

7:43 a.m. 8:16 p.m.

2.6 3.5

1:56 a.m. ‑0.1 1:49 p.m. ‑0.4

Sunday

8:34 a.m. 9:03 p.m.

2.6 3.4

2:46 a.m. ‑0.1 2:38 p.m. ‑0.3

sun anD moon Sunrise Sunset

6:23 a.m. 8:04 p.m.

Moonrise Moonset

2:38 p.m. 1:53 a.m.

Full

Last

New

First

Jul. 5

Jul. 12

Jul. 20

Jul. 27

CAT ISLAND

4‑8 knots

SAN SALVADOR

GREAT EXUMA

High: 87° F/31° C Low: 81° F/27° C

High: 86° F/30° C Low: 81° F/27° C

High: 89° F/32° C Low: 80° F/27° C

W S

LONG ISLAND

tracking map

High: 86° F/30° C Low: 81° F/27° C

4‑8 knots

MAYAGUANA High: 86° F/30° C Low: 81° F/27° C

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

CROOKED ISLAND / ACKLINS

tonight’s lows.

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

High: 86° F/30° C Low: 80° F/27° C

GREAT INAGUA High: 88° F/31° C Low: 80° F/27° C

uV inDex toDay

TONIGHT

N E

E S

7‑14 knots

marine Forecast ABACO ANDROS CAT ISLAND CROOKED ISLAND ELEUTHERA FREEPORT GREAT EXUMA GREAT INAGUA LONG ISLAND MAYAGUANA NASSAU RAGGED ISLAND SAN SALVADOR

Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday: Today: Tuesday:

WINDS SW at 4‑8 Knots SW at 6‑12 Knots E at 4‑8 Knots E at 4‑8 Knots E at 4‑8 Knots E at 4‑8 Knots ENE at 6‑12 Knots E at 7‑14 Knots ESE at 4‑8 Knots SSE at 4‑8 Knots WSW at 4‑8 Knots W at 4‑8 Knots E at 6‑12 Knots E at 4‑8 Knots NE at 7‑14 Knots ENE at 7‑14 Knots ENE at 6‑12 Knots E at 6‑12 Knots ENE at 6‑12 Knots E at 7‑14 Knots ESE at 4‑8 Knots SSE at 4‑8 Knots E at 7‑14 Knots E at 7‑14 Knots E at 4‑8 Knots ESE at 4‑8 Knots

WAVES 2‑4 Feet 3‑5 Feet 1‑2 Feet 0‑1 Feet 2‑4 Feet 2‑4 Feet 2‑4 Feet 2‑4 Feet 2‑4 Feet 2‑4 Feet 1‑2 Feet 1‑2 Feet 1‑2 Feet 1‑2 Feet 1‑3 Feet 2‑4 Feet 1‑3 Feet 1‑3 Feet 3‑6 Feet 3‑5 Feet 0‑1 Feet 0‑1 Feet 1‑3 Feet 1‑3 Feet 1‑2 Feet 1‑2 Feet

To advertise ALL your LEGAL NOTICES, call The Tribune’s Sales Department

502-2394

VISIBILITY 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles

WATER TEMPS. 86° F 85° F 87° F 88° F 85° F 86° F 85° F 85° F 85° F 87° F 86° F 87° F 86° F 87° F 84° F 85° F 85° F 85° F 82° F 82° F 86° F 87° F 85° F 85° F 85° F 86° F