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FRIDAY, JULY 16, 2021

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Developer’s fears on home construction ‘horror stories’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

CONSTRUCTION materials shortages and COVID-19 will combine to create “horror stories” for Bahamians in the process of building their own homes, a prominent developer predicted yesterday. Franon Wilson, Arawak Homes president, told Tribune Business that some homeowners could be left with incomplete homes and significant cost overruns as a result of supply chain bottlenecks and pentup construction demand stemming from COVID-19 lockdowns and restrictions imposed locally and abroad over the past 16 months. While reassuring that the fixed-price nature of Arawak Homes’ contracts would protect its clients

* Supply shortages may leave projects ‘incomplete’ * Arawak Homes chief brands woe ‘unprecedented’ * Says many homes delayed on material availability from these challenges, Mr Wilson described the postlockdown challenges faced by his company and other developers as “unprecedented” during his 20-plus years with the firm. He disclosed that shortages of critical materials - chiefly cement, concrete blocks and plywood - had been a consistent problem since The Bahamas emerged from last year’s COVID-19 lockdown, and were forcing Arawak Homes to constantly shift supplies around between homes it is building so that construction work can continue and delays are minimised.

Branding the impact as “huge”, Mr Wilson said that despite these efforts “a lot of home would be further along than they are if not for these issues”, and reiterated that - especially for construction and real estate development - time equals extra money and cost. Disclosing that there has been “no cement on island for a couple of weeks”, the Arawak Homes president said he was “hopeful that issue corrects itself this week” but remained unsure if there would be sufficient supply for all who need this construction staple or if everyone would be rationed to just a portion of what

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

with less space as it unveiled the latest phase in a neighbourhood food store roll-out that aims to AML Foods is targetdrive total annual sales to ing $12m in annual sales $250m by 2030. from its new Solomon’s He voiced optimism Freeport location, its top that Solomon’s Freeexecutive revealed yesport, which will re-open terday, despite it being GAVIN Watchorn in March 2022 at the two-thirds the size of its former Winn-Dixie (City former Queen’s Highway site. Markets) site following a $3.5m Gavin Watchorn, the BISX- investment, will “do all if not more listed food retail and franchise of the sales” generated previously group’s president, told Tribune at Queen’s Highway despite being Business that it aims to do more SEE PAGE B4

‘Shell billions show corporate tax need’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

on Shell’s tax filings revealed that more than $1.8bn of its offshore profits in 2018 and 2019 were A BAHAMIAN financial booked by Bahamas-based services provider yesterday Shell Western Supply and argued this nation should Trading. The oil trading not use global demands outfit was said to buy oil for a 15 percent minimum from Shell fields and other corporate tax rate “as producers in West Africa, a marker” after Ireland Brazil and Guyana, and refused to budge from its sells two-thirds lower regime. of the crude it Paul Moss, presiacquires to other dent of Dominion Shell affiliates. Management SerShell Westvices, told Tribune ern was reported Business that The to enjoy a profit Bahamas should margin of 4.1 perboth seek to form cent across 2018 alliances with the and 2019, more likes of Ireland and than four times’ implement a corpothe level of inderate income tax at a pendent oil much lower 5 pertrading firms, with cent level “for its its profits also outown needs” rather PAUL MOSS, performing rivals. president of than wait to be Yet The Bahamas dictated to by the Dominion Manseemingly earns agement Services. G-7 and Organisanothing in taxes or tion for Economic anything else from Co-Operation and Devel- the profits being booked in opment (OECD). this nation. While The Bahamas is This would potentially among the 130 nations who be caught by a corporate have already committed income tax, and Mr Moss to the G-7/OECD Inclu- said: “We ought to be able sive Framework, Mr Moss to catch these guys, but said his long-standing call catch it for ourselves and for this nation to imple- not be dictated to by the ment a low-rate corporate G-7 or anybody else. We income tax had been fur- got nothing from it. Imagther justified following ine getting 5 percent of that recent revelations about and what that would do for how much profit Shell, the the country. We have to go multinational energy giant, after it and get it on out is booking through this terms, not those who want nation. to put us out of competition A recent Reuters report SEE PAGE B5

A TOP regulator yesterday said concerns about the Bahamian radio broadcasting market being over-saturated “will always be around even if we had 50 percent of the stations we have now”. Carlton Smith, the Utilities Regulation and Competition Authority’s (URCA) chief executive, told Tribune Business that it was seeking to balance “competitive pressures” with facilitating new entrants in a “free market enterprise system” despite previous research having shown The Bahamas has more FM radio stations than New York city. He was responding to questions

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

from this newspaper on what had convinced URCA to remove the previous moratorium on new FM radio licences in New Providence, and seek bids for new broadcasters to use the 90.7 MHz or 105.7 MHz spectrum frequencies, especially given previous concerns that existing stations’ signals were causing “harmful interference” for each other’s transmissions. Acknowledging that it was “a legitimate question”, Mr Smith said the March 2019 implementation of Technical standards for FM Radio Broadcasting in The Bahamas appeared to have cleared up, and addressed, the interference issues based on feedback from industry players themselves. SEE PAGE B6

SEE PAGE B5

they need. “A lot of construction goes in order,” he told this newspaper. “If at any time you do not have materials for a particular step, while there are some steps you can move around and continue to work, there are some times when you need a specific material to get to the next stage and, if you cannot get that material everything comes to a grinding halt. “That has a lot of serious implications. It’s unprecedented, and can truly lead to a lot of issues we do not need right now. This has never happened before. If you wanted it, you could

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

CUSTOMS SYSTEM IN GB ‘BEYOND REPAIR’ BAHAMAS Customs yesterday said its electronic system for clearing goods on Grand Bahama is “beyond repair”, warning that the island’s cross-border commerce will return to manual process until September. The agency, in response to a series of Tribune Business articles, confirmed in a statement that its legacy Electronic Customs Automated System (eCAS) is now “inoperable” which has made the switch to its Electronic Single Window (ESW) or Click2Clear system with effect from September 1 “even more critical”. “The Customs Department wishes to offer sincerest apologies to all stakeholders that have been significantly inconvenienced by the recent failure of eCAS. The system began experiencing intermittent issues in February 2021, but a critical failure in June rendered the system inoperable,” Customs said. “Recent assessments determined that the legacy system is beyond repair and will therefore be phased out and replaced by the electronic single window, Click2Clear platform. Currently, the entry checking and releasing unit systems are being handled manually, and the department has officers working around the clock to ensure accurate inputs are maintained and processed.” This effectively means that Grand Bahama and

FRANON WILSON, Arawak Homes president. get it, and we took it for granted. We work with local construction companies, and when they do not have certain things, whether it be cement or concrete blocks, the implications flow throughout. SEE PAGE B4

AML Foods targets $12m Radio over-saturation sales at new Freeport site ‘will always be concern’ * Shifting Solomon’s outlet to ex-Winn Dixie store * Plans $3.5m investment with 40 jobs by March * Latest step in ‘neighbourhood stores’ roll-out

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THE TRIBUNE

Companies need annual check-up C ompanies throughout the world use the start of the year’s third quarter to begin the process of planning for a new calendar year. They engage in talent development for their staff, formulate strategic business plans, create company goals and objectives all in the hope of enjoying a more productive and profitable new year. While these activities are fruitful - and essential - to efficiency, for the savvy business professional they are all secondary. What must precede all these activities is a full assessment of the activities, products, services, processes and systems employed in the daily functioning of the business. The wise Bahamian visits the doctor for a check-up annually to identify any abnormalities, and to ensure their bodies are in good health until the next visit.

here is every expectation that The Bahamas’ current economic crisis will eventually come to an end. These things always do. What is not as clear is when, and how, it will be corrected. At what stage will the structural deficiencies be addressed, placing the country on a path for improved economic growth when compared to our pre-pandemic experience of about 1 percent annual average expansion. Why is this important? COVID-19 will leave The Bahamas with an elevated level of debt, as evidenced by the most recent budget predictions. The debt stock is for the first time undergoing a fundamental shift in its historical composition as it relates to the weighting of foreign versus domestic currency liabilities. Marla Dukharan, the regional economist, in her analysis of the 2021-2022 Budget, said: “There has also been a shift from domestic to external debt, which creates balance of payment pressures over time. External debt accounted for roughly 43 percent of total central government debt in December 2020. This compares to 21 percent at the end of fiscal year 2010-2011”. The Bahamas’ external debt presently stands at just over $4bn, with the internal debt of $5.5bn and contingent liabilities worth $421m. This balance of payments issue is one that does not often get much attention from commentators. Economist Rupert Pinder, though, highlights this often. The concern is The Bahamas having sufficient foreign currency inflows and reserves to meet its debt repayment obligations. The higher the external debt, the more revenue that is needed to meet

Likewise, businesses must use diagnostic tools to expose gaps and deficiencies that might stagnate growth and development, ultimately leading to a corporate death. Company needs assessments are not new to the market, and many firms have certainly used them at some time in their company’s lifespan. Some irresponsible business persons delay, and wait years or until the company is on the verge of collapse, before some intervention is sought. Needs assessments are probably best defined as a diagnostic tool used by businesses to determine priorities, make organisational improvements or allocate resources. They involve determining the needs, or gaps, between where the company sees itself in the future and where it is in its current state. Most needs assessments follow a pattern of four steps, which help

the business chart the way forward. These steps include: a) Exploration. This first phase of the process seeks to determine those gaps or areas of weakness that are known to the company, and to determine the root causes of why they are not being addressed or resolved. b) Analysis and Data Collection. This second phase is the inventory stage, where businesses come clean with all that they are doing and/or not doing. It is the tell-all phase, and an opportunity to figure out not only what is being done, but also whether it is being done systematically or effectively. c) Utilisation. This third stage interprets the data collected, and begins the process of assigning actions to the areas requiring special attention. It creates steps to be taken in light of the company’s resource and budget

A MATTER OF LIFE AND DEBT BY HUBERT EDWARDS

these payments. The reality is that, as dire as this may sound, it is the opportunities that must be focused on. The opportunity to change the narrative. The opportunity to focus on fixing the fundamentals long left undone. The opportunities to galvanise the three main sectors, public, private and social, around redefining what the future will be. The opportunity to wrest back the productive capacity of The Bahamas that has been, and will continue to be, eroded by debt until there is a marked reduction, significant increase in economic growth or - more ideally - a combination of the two. Until either of these happen, every fiscal decision made by the Government could come down to a matter of life or debt. The COVID crisis as we know it will end, but its effects will linger and morph. We must therefore continue to pay close attention to what is happening. The crisis will continue to have an impact on global output,

supply chains and, therefore, the availability and price of input materials. As a largely importing country, we are definitely going to import higher inflation. This has implication for businesses and individuals alike. As we contemplate The Bahamas’ ongoing recovery, there must be a readiness for flexibility. The pandemic’s fall-out will test our resources, put pressure on our purchasing power, and may ask questions about our external reserves.

Solutions It will demand answers over how aggressive we will be in managing the debt and finding new revenue sources, and it will challenge our ability to work together to find solutions. The crisis, therefore, has the potential to influence new self-imposed crises should we not work diligently to solve these challenges. In all this, though, the greatest crisis we could face is one created by the simplest of means; being comforted by the initial round of early pent-up tourism demand, and assuming that things will come back to normal, as we knew them to be, and acting accordingly. How much government revenue is earned, say via VAT, during the hours that are covered by the curfew? How many persons have now settled into a practice that will see them

limitations, so that some measure of growth might be experienced. d) Evaluation. This final stage, although sometimes overlooked, is crucial in determining whether the initial objectives were achieved. The evaluation here is an ongoing one, where the business consultant/developer is engaged in monitoring the progress made as a result of the findings, and continuing the process of navigating the way forward. • NB: Ian R Ferguson is a talent management and organisational development consultant, having completed graduate studies with regional and international universities. He has served organsations, both locally and globally, providing relevant solutions to their business growth and development issues. He may be contacted at tcconsultants@coralwave.com.

at home before 10pm? What level of change has happened where persons now enjoy home cooking as opposed to eating out? What behavioural changes have occurred which will adversely affect some business, while positively affecting others, but resulting in a potential net effect of lost revenue? Yes, the crisis of today will end, but it will bring changes. Some are readily predictable, others are unknown, and there is therefore increased uncertainty in anything that may be benchmarked against the pre-COVID-19 period. This is why bold and game changing decisionmaking, sound reasoning and a new type of narrative must become the defining features of the road to recovery. Bahamas is roaring back I recently saw a Facebook post where the writer lamented the point that there are persons who are disappointed with the improvement in the economy. It is difficult to imagine why anyone would be so inclined. Such individuals clearly either have no interest in the success of The Bahamas, or have such vested, narrow interests that they would rather see the economy flutter. If this were so, it would be reasonable to conclude that such persons have no idea of the economic challenges faced by the country, and nor do they fully appreciate the gravity of a prolonged period of depressed income. In a recent panel discussion, a leading financial figure said The Bahamas is facing an impending “Category 5” financial disaster. This is a very blunt and worrisome prediction. While I would not state it in the same terms, it is agreeable that the country will face some very challenging times ahead.

The expectation of significant activity in the tourism sector is therefore a positive, urgently needed to help the economic buoyancy of The Bahamas. After all, this sector is the main engine of the economy, directly and indirectly responsible for upward of 75 percent of economic output. Tourism roaring back is an unequivocal positive. There is, though, still a healthy level of uncertainty brought on by the continuing COVID-19 pandemic. There is an understandable desire

“The COVID crisis as we know it will end, but its effects will linger and morph. We must therefore continue to pay close attention to what is happening. The crisis will continue to have an impact on global output, supply chains and, therefore, the availability and price of input materials.” for normality to return. On one hand, the increased availability of vaccines globally, especially in the US, has positively added to this outlook. On the other hand, the challenges and difficulties of many countries, including The Bahamas, in accessing vaccines and grappling with vaccine resisters demonstrates how precarious the realities are. The performance of the US economy is also very positive and bodes well for improvements in the country’s economy. I believe, though, that the robust US first quarter growth of 6.4 percent should be tempered when setting expectations. There is little doubt that the fiscal policy response of pumping trillions into that economy, with payments going directly to households, is driving some of the growth and represents regaining some of what was lost since the start of the pandemic.

Tourism The tourism game is still one where disposable income drives the vacation decision, and in my opinion it is way too early to determine how well the market’s disposable income has changed or will change. One of the benefits of the pandemic is that while there was significant disruption and curtailment of revenue for many companies, there was a marked reduction in expenses to compensate. A normalisation of economic and social activities will cause a reversal on the expense side that is likely to place many companies’ business models under pressure. Truth is, this pandemic will have a long tail recovery. We must therefore be mindful to not exaggerate expectations, and be watchful of potential future shifts beyond the immediate bounce from pent-up demand. It is my hope that the demand is sustained, given that the fortunes of tourism determines the fortunes of The Bahamas, and that the seeds planted from the previous budget are still in a state of germinating. Let us consider a recent media report, which highlighted the level of economic activity being experienced in one of the Family Islands, Exuma. Based on the report

there are significant challenges finding rooms, as everything is seemingly maxed out. This is fantastic news for that island and for The Bahamas. But here is what is most important in the context of our discussion: What is happening now is not unique. Yes, the concentration of demand at this point, given the pent-up nature, is high. However, Exuma has demonstrated a strong performance in its economy in recent years, especially as it relates to tourism. This island, though, clearly has a capacity issue. There is a need for improvement in health care and upgrade of infrastructure in various areas, which makes a compelling argument for significant improvements in local government machinery. One consistent call by the current MP is for more of Exuma’s tax dollars to be returned to the island. The challenge is that with the economic constraints faced by the country, and the significant level of debt, there is little to no chance of this happening, regardless of who is at the helm.

Momentum A segment of The Bahamas that is ripe with opportunities to fuel additional growth is likely to be stymied by funding constraints. What does this mean for us? Without additional capacity, we are likely to return to only as good as we were. Extrapolate that to the entire Bahamas and one will readily understand why this issue is not simply about returning to pre-COVID-19 performance. What is most important is the ability to expand productive capacity to leverage this momentum, positioning The Bahamas towards growth upwards of 2 percent annually. What is the most influential adverse influence on this? Debt. The continued servicing of the high debt stock will progressively remove large amounts of the country’s spending power, or at least discretionary spend. The pandemic has created a serious reduction in the top-line revenue for many businesses. This is no different for many state-owned enterprises (SOE) in The Bahamas. These entities have also seen a reduction in their expenses, but this will change as the economy re-opens. Many SOEs have been - and will continue to be - cash-strapped. Many have their own debt stock. Of all the SOEs, Bahamas Power and Light is the one of greatest concerns. Its proposed rate reduction bond is likely to be significantly imperiled by its financial performance, which has been worsened by then pandemic’s impact and general change in the finance market, thus rendering it a more risky proposition. With knock-on pressure from higher unemployment, and therefore likely increased receivables, they will have little choice but to look to the central government for financial support. There is a potential $500mplus at play with respect to BPL. Bahamasair, another SOE, is at a lesser level likely to be in the same position. All this points to potential increases in debt. This is why it is critical to not simply look at the individual initiative of the most recent budget. Analysis at that level is important but not sufficient. In my opinion, every turn, every assessment has to be filtered through the lens of growth, taking into account the impact of debt. To be continued......

THE TRIBUNE

GB BUSINESSES PLACED IN ‘UNSUSTAINABLE’ SITUATION

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net’ GRAND Bahama businesses yesterday asserted that cross-border commerce is in an “unsustainable” situation with Customs’ system for the electronic clearance of goods inoperable for more than three weeks. Antoine Brooks, managing director of Island Traders Shop & Ship, told Tribune Business yesterday that his and other companies cannot continue clearing goods manually until September as a result of the Electronic Customs Automated Services (eCAS) system being down. It is supposed to be replaced then by Customs’ Electronic Single Window (ESW), or Click2Clear system, which has been installed elsewhere throughout The Bahamas. Mr Brooks suggested this was why the eCas system remained down, with Customs

seemingly in no rush to fix it (see article on Page 1B). “They’re telling us we have to do manual entries and, for persons like me, couriers and the larger stores, it’s going to be really difficult,” he added. While he has been able to clear goods under his Freeport bond, Mr Brooks said: “I’m willing to pay the outstanding duties. If need be, with the eCas system, you can put the entries in but you just can’t process them.

Manual “It’s real frustrating. Customs is not giving us any updates and they’re not telling us anything. It just seems like we are going to have to do manual entries from what everyone is telling me until September when they launch the new system.” The Click2Clear system was supposed to have been

implemented on Grand Bahama on July 1, but this was postponed until September 2021 amid fears that the demands for monthly bonded goods sales reports from Grand Bahama Port Authority (GBPA) licencees would violate both the Hawksbill Creek Agreement, Freeport’s founding treaty, and previous Supreme Court rulings. Mr Brooks added: “September is what everybody is saying. “A customs officer also told me that the license for the eCas system had expired, but they later retracted it and said that the system is just down and it is just a server problem. “We can actually log into the eCas system; before we couldn’t even log in.” Mr Brooks said that if it were a server problem, persons would not have been able to log on to the system at all. He added: “Customs came to the public and told us eCas was up and it is running, but

we still can’t do anything. You can do half of the stuff, but when it comes to actually finishing the work where you can actually print something, you just can’t do it. “I’m frustrated. I’ve called everybody and nobody seems to have any answers. There is an association that was supposed to meet with the Customs department last week, but that meeting was cancelled for a time today.” Tony Adderely, managing director of Expert Customs Brokers, said everything is still “status quo” from the time that the eCas system went down two weeks ago. He added: “They’re doing the best they can, but the system is not fully restored.” Understanding that meetings are to be held today on the matter, Mr Adderley said: “Maybe the Chamber of Commerce may be involved. Hopefully we can get it sorted out and we can get back to normal.”

EMPLOYER TO STILL PAY FOR STAFF COVID TESTS

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net’

A PROMINENT Bahamian merchant yesterday backed away from requiring employees to pay for their own COVID19 tests and said it will comply with an Act that requires it to foot the bill. Brent Burrows, CBS Bahamas (Commonwealth Building Supplies) president, told Tribune Business that “the law is the law” when it comes to requiring nonvaccinated employees to take a weekly test to prove they do not have the virus. “I don’t know why someone didn’t make an effort to contact me, but the law is the law,” he added. Referring to the National Tripartite Council, he added: “They should be more proactive and do some research on this stuff before they make these announcements. We’re not going to relax our policies; we are just going to have to pay for the tests. We will do what the law says and we would just pay for the test.” Given that more than half of CBS Bahamas’ employees are already vaccinated, Mr Burrows estimates that paying for testing will cost the company $500 a week “at the minimum”. “It’s not me that’s demanding this, but our customers on our contracts are asking for this. They want to ensure that the people we send to them are COVID19 free,” Mr Burrows said. “That’s the dilemma for us now, and I’m not going to change my policy of having mandatory testing or vaccinations. I’m going to foot the bill, but I’m not going to say no more testing. I’m not going to stop encouraging my staff to get

vaccinated.” Tribune Business had reported last month how CBS Bahamas (Commonwealth Building Supplies) had told staff it will only pay for the rapid antigen test costs for non-vaccinated staff until August 16, after which they will have to cover the $22.40 weekly cost themselves. In its staff letter, dated June 18, the company said: “As The Bahamas continues to struggle with the COVID-19 pandemic, we at CBS Bahamas must

take the steps necessary to protect both our team members and our customers.... “Effective July 1, any employee that has not received the COVID-19 vaccination will be required to submit to a weekly COVID-19 rapid antigen test. These tests will be administered by Doctor’s Hospital at the Town Centre Mall drive through location and will be paid for by CBS Bahamas.” The company added that employees who receive their first vaccine jab will no longer be required to take the rapid antigen test some two weeks after that date, but it then said: “Effective August 16, 2021, the above weekly testing will still apply but CBS Bahamas will no longer bear the costs of these tests and employees will be responsible for this cost which at present is $22.40 per week.”

However, Peter Goudie, the National Tripartite Council’s vice-chair, confirmed to this newspaper that employers cannot mandate non-vaccinated staff pay for their own weekly COVID-19 tests. He explained that the Health and Safety at Work Act forbids employers from imposing any financial “levy” on staff to ensure they comply with its stipulations. The Act’s section nine states that “no employer shall levy or permit to be levied on any employee of his any charge in respect of anything done or provided in pursuance of any of the provisions of this Act”. While employers can still require non-vaccinated worker to take regular tests, Mr Goudie said the law requires the company - and not the employee - to cover the costs associated with this. Dwayne Higgs, general manager of Whim Automotive, yesterday questioned the logic of having employers foot the bill for COVID-19 testing. He said: “I don’t agree with that. I think it should be free like how they have it in the US. That would encourage more people to test, but if an employee is irresponsible and goes out and does things that put them in jeopardy, then how is that my fault? That just doesn’t make any sense.” “I don’t agree with this. You would waste your profits on tests. We have just over 25 people, so the tests every week would cost us probably over $1,000. Only 15 percent of the population is vaccinated, and even if you are vaccinated you could still have a breakthrough infection. “This is going to go on until we get to the 80 percent herd immunity.”

Friday, July 16, 2021, PAGE 3

NO OBLIGATION TO ACT ON ALL EIA FEEDBACK By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net’ A SENIOR government official yesterday said there was no obligation to require investors to alter projects based on feedback from Environmental Impact Assessment (EIA) consultations. Rochelle Newbold, director of the Department of Environmental Planning and Protection (DEPP), told Tribune Business that not every response received from the public warranted adjustments being made to the EIA or other aspects of an investment, such as its scope. She said: “Not every issue somebody has with a project constitutes an environmental issue of concern, because some people may not want the project to go ahead. “To be fair, there have been some projects where people have highlighted issues that were of significant environmental concern and it did result in the document being revised, and did result in the developer changing his original plan.” Ms Newbold said and further argued that since the Environmental Planning and Protection Act came into effect there have been several occasions where projects have changed based on public feedback. She, though, warned persons participating in public EIA consultations: “The people own the land. They plan to develop the land the way they plan to develop it, and once it will be in an environmentally sustainable way, then they can go ahead.”

Not everyone is satisfied with the level of transparency involved in such consultations. Casuarina McKinney-Lambert, the Bahamas Reef Environment Educational Foundation (BREEF) executive director, told Tribune Business there should be a central repository where all necessary EIA information can be accessed and downloaded, “not for us to be sent all over the place looking from website to website”. Referring to the recent notification about the Carnival ‘Grand Port’ EIA consultation, Ms McKinney said persons on the Family Islands would not be able to see the notification in the newspaper in time. She added that “oftentimes” when she is working on a remote Family Island she may not have the chance to make comments on an EIA in time. Ms Newbold addressed these concerns by saying: “There are EIAs online and there are EIAs associated with websites where people can follow a particular project from start to finish, and have a comprehensive understanding. “Under the EIA regulations, the developers are required to make available to the public documentation on what the project is doing, and in order to do that when they put that notice in the paper, the link to the document gets put in the papers such that people can go ahead and view the document. They can even download it if they want because the document that is going forward for public consultation isn’t something that is stamped, sealed and finally approved.”

Financing For Viable Projects International sources of funds wishing to finance Bahamian projects in the Resort, Housing, Energy, Maritime, and Agriculture Sectors. $2 million and above. Must provide Executive Summary, with three years financials, management and marketing capabilities, and collateral offered. Infrastructure projects based on PPP’s also wanted. Serious inquiries only. Email us at inquiries@ bahamasbusinessnetwork.com

Telephone: (242) 698-0634 / (242) 815-9118

PAGE 4, Friday, July 16, 2021

DEVELOPER’S FEARS ON HOME CONSTRUCTION ‘HORROR STORIES’ FROM PAGE ONE “It’s definitely been a challenge for our company, no doubt about it. That’s a very real situation, a very live situation, and we have to continue to monitor that.” And Mr Wilson said supply shortages were being worsened by continued COVID-19 spread, which was forcing building materials manufacturers and merchants to either temporarily shut down or quarantine staff members in contact with infected persons. Such disruptions were forcing suppliers to perform “gymnastics”, he added, and asserted: “It’s nothing short of wreaking havoc... These are just some of the issues the construction industry is working through but it’s definitely..... they use the term unprecedented a lot, but in this case it’s definitely fitting. Week by week it’s a different thing that pops up, and you don’t know what’s coming tomorrow. “I have been in-house at Arawak Homes for more than 20 years and have never seen this before. Cement and plywood are normally things that you can go around and buy like bread on the shelf, and today you are literally scrambling. We have a lot of homes that should be further along but they aren’t because we need materials to move beyond a particular stage. “It’s ongoing because maybe you can’t find fourinch blocks this week, or cement next week. Day-byday, week-by-week, you’re not sure what’s available. There’s no doubt we would be further ahead if supplies were available. Any time there’s delays there’s a cost, and you have to put people on reduced work weeks. The impact is real, and it impacts a lot of people in the industry.” While Arawak Homes fixed-price construction packages are “showing at a premium” as a result, Mr Wilson warned: “There are going to be horror stories coming out of this. People starting something new,

and thought they had a good deal with an independent contractor, that person may not be able to finish as a result of delays and lack of materials. “That will not come out until the end. Homes may be 90 percent, 95 percent finished. “They may have started at a particular price, and never in their wildest dreams did they think it will come to the cost it has. Just when you think you have passed one issue another one pops up. In construction time is money, and if a project takes longer than it’s supposed to that’s a challenge “This is huge; there’s no way to skirt around it. Week after week, depending on whether a home is at a particular stage and we can’t find materials, we have to move to another home at another stage. And, when the materials finally become available, go back to the previous house. It’s a huge impact.” Two ex-Bahamian Contractors Association (BCA) presidents recently warned that construction costs will likely increase up to 20 percent this, and told project sponsors - ranging from multi-million dollar developers to residential home owners - to brace for a significant spike over the remainder of 2021 due to the post-COVID environment facing The Bahamas and rest of the world. Stephen Wrinkle and Leonard Sands reiterated that increased construction activity and building materials demand had combined with post-COVID supply chain and shipping bottlenecks worldwide to generate a surge in costs, and corresponding shortage in materials, as the world continues to emerge from the pandemic. Mr Wilson, meanwhile, said construction materials shortages were especially worrying given that The Bahamas is now in hurricane season, as an inability to secure and repair properties ahead of storms could result “in small issues becoming big issues”.

THE TRIBUNE

AML FOODS TARGETS $12M SALES AT NEW FREEPORT SITE FROM PAGE ONE 10,000 square feet smaller. The AML chief, though, explained that the group’s neighbourhood outlet strategy was based on reducing store footprint and associated real estate costs by cutting “back-of-house” areas. It will instead “maximise” space by serving these stores from a central warehouse location, which in Freeport’s case has been achieved by converting a portion of the Cost Right location for product/inventory storage. With the return of Solomon’s Freeport predicted to create 40 jobs, Mr Watchorn expressed hope that it will “serve as a catalyst for the development of downtown Freeport” while also placing AML Foods “in prime position to service the entire western Grand Bahama area”. “It’s never been a case of us not re-opening. It was a case of when and where,” he explained of the former Queen’s Highway location, which has been closed ever since it suffered multimillion dollar damage from Hurricane Dorian in September 2019. “We were never anticipating not opening a second Solomon’s store in Freeport. That was never a discussion for us. It was a question of the right time and location. We’ve been doing a lot of work on this smaller format and, with our ability to service them from a warehouse, we don’t need as much back room space. “During COVID-19 we were able to take part of the Cost Right location in Freeport and turn it into a central warehouse while minimising space for the new location. Real estate is expensive and we need to make sure we maximise space as well,” Mr Watchorn continued. “Our ability to use warehouse space in Freeport and Nassau is important to our overall strategy going forward. That’s the real

difference between 20,000, and 30,000 and 40,000 square feet. Our customers will not see any significant difference, and we’re very confident we’ll be able to give them a great shopping experience in a smaller store.” AML Foods has secured a long-term 30-year lease on the former Winn-Dixie location at York Street, but Mr Watchorn confirmed that Solomon’s Freeport will only use 20,000 square feet or two-thirds of the total 30,000 square feet available due to the Cost Right-based warehouse. “We believe that store will garner all, if not more, of the sales we previously did,” he told Tribune Business. “Our expectation on the low side of projections is that it will contribute $12m a year, and we’re confident that over time it will do much more than that. “Losing the store on the western end of Freeport, a lot of customers have said we’ve not been able to service them from Solomon’s Lucaya, so they’re telling us they’re looking to that opening to come back. “We’re in prime position to service that area of Grand Bahama; not just downtown Freeport and

the surrounding communities, but the entire western Grand Bahama area. “AML and Solomon’s are committed to the Freeport market. “We had a setback after the hurricane, but are now ready to re-open the store and transfer to a downtown location. Many Grand Bahamians have grown up with a downtown food store, and hopefully this will serve as a catalyst for the development of the downtown area of Freeport.” Mr Watchorn added that Solomon’s Freeport’s opening in March next year will be its fourth neighbourhood food store, and second in Freeport, as it joins the Lucaya location as well as Yamacraw in Nassau and the recently-acquired Exuma Markets in Georgetown. He previously said there could ultimately be seven such stores that are considerably smaller than the larger destination-type outlets the group has focused on to-date. AML Foods said in a statement that the $3.5m investment it will make in fitting out the new Solomon’s Freeport location aligns with its “lower capital investment goals”, and it pledged to hire

Bahamian contractors and artisans to perform more than 80 percent of the work. “The new 20,000 square feet store will feature a Solomon’s neighborhood format and will add approximately 40 new Jobs to the Freeport economy. “We expect to open this latest location in March of 2022, and priority will be given to Grand Bahamians for all job openings,” Mr Watchorn said. “Solomon’s Freeport sustained extensive damages and losses due to Hurricane Dorian, but our commitment to the Grand Bahama community never wavered; it was always our intention to reopen the store that serviced Grand Bahamians for almost 20 years. We were working on the plans and details throughout COVID19 and we are now ready to move ahead with what we feel is a ‘great fit’ for both Grand Bahama and our company”. AML Foods said it has hired Freeport realtor, James Sarles, to seek out a lease or sale of the Queen’s Highway property and promised to reinvest any proceeds into “future growth opportunities”. As for the $1m renovation to Solomon’s Lucaya, Mr Watchorn yesterday told Tribune Business that customers would start to see the improvements “in a couple of weeks” after the completion date was pushed back two months - from midJune to mid-August - due to supplier and construction delays, the latter caused by backlogs stemming from the COVID-19 pandemic. “It’s nothing material, but we would liked to have finished the project a bit sooner for our customers,” the AML Foods chief said. “It was initially delayed because of Dorian, and then the beginning of COVID19, so we are excited to complete this process and deliver a great experience for our customers.”

and

THE TRIBUNE

Friday, July 16, 2021, PAGE 5

Customs system in GB ‘beyond repair’ FROM PAGE ONE

Freeport, the latter the country’s only designated free trade zone, will be forced back to manual processes for clearing imports for another six to seven weeks or one-and-ahalf months. This has already slowed the flow of cross-border commerce, and is costing the private sector both extra time and money. Click2Clear’s Grand Bahama implementation has been pushed back from July 1, 2021, to September this year in response to private sector fears that its introduction as-is would violate both the Hawksbill Creek Agreement, Freeport’s founding treaty, as well as previous Supreme Court rulings and injunctions. Customs, though, made no direct mention of these concerns in its statement other than to say it would continue to consult with Grand Bahama Port Authority (GBPA) licencees and other stakeholders, plus offer training on the Click2Clear system. The Comptroller of Customs, Dr Geannine R. Moss, and her team will be in Grand Bahama next week to meet with the stakeholders,” the agency promised. The feedback received over the past weeks and months as preparation has begun for the transition to Click2Clear in Grand Bahama has resulted in changes being made to ensure ease of use for all stakeholders. “The next monthand-a-half will prove to be critical not only to the department but to all stakeholders on the island of Grand Bahama in preparation for the full

transition on September 1. The facilitation of legitimate trade is a key pillar of the Bahamas Customs Department. “This transition reaffirms that commitment in the rendering of service to all stakeholders, particularly those in Grand Bahama.” Some observers will likely view the declaration that eCAS is “inoperable” as affirming Customs’ desire to ram Click2Clear down Freeport’s throat while also overcoming all opposition to its implementation, given that the city will otherwise be stuck with manual processing. Dr Moss, in a July 1, 2021, letter seen by this newspaper almost appeared to blame Customs’ Freeport woes on private sector opposition to implementing Click2Clear by the originally intended deadline.

Letter The letter to Glennett Fowler, president of the National Import Export Association of The Bahamas (NIEA), said it was imperative that the present eCAS system be rapidly retired as it had “gone beyond its life span of operability”. Referring to Click2Clear, Dr Moss wrote: “For your information, Grand Bahama is the last island to become a part of this system which was launched since 2018. “Be advised that this office nor this Department are novices concerning embracing and/or rectifying issues when detected, either internally or externally, and as such are well poised to steer Grand Bahama in alignment with the rest of The Bahamas.

“Currently, Grand Bahama is the sole island in the Commonwealth of The Bahamas still operating on the old legacy system of Electronic Customs Automated System (eCAS) and Customs Automated System (CAS),” Dr Moss added. “CAS was rolled out circa 1991 some 30 years ago while eCAS was rolled out in 2012 some nine years ago. “These systems have reached the end of the road as evidenced with its failure during the week of June 20, 2021. “It is imperative that these legacy systems are retired as they are working sporadically and have gone beyond its life span of operability.” Dr Moss further wrote: “It is therefore of paramount importance that the Click2Clear system be launched in Grand Bahama so that its residents can enjoy the accessibility and seamless operability of the system that the rest of The Bahamas currently enjoys. “The decision was made to delay the launch of Click2Clear in September 2021 based on feedback from the clearance stakeholders that you espoused. Please note that this delaying of the launch of this system has caused officers to perform their duties manually for the majority of the time as the performance of eCAS and CAS is unstable. “We ask that you communicate to your membership and request their patience as we navigate summer imports. With assurance and certainty, the Click2Clear system will be launched in its entirety.....”

‘SHELL BILLIONS SHOW CORPORATE TAX NEED’ FROM PAGE ONE at 15 percent.” A 5 percent corporate income tax imposed on $1.8bn would equate to $90m at a time when the Public Treasury needs every cent of revenue it can lay its hands on post-COVID. And Shell’s activities would appear to be exactly what the G/7/ OECD is targeting with their 15 percent minimum global corporate tax plan. A 15 percent levy on $1.8bn equates to $270m, but under the G-7/OECD plan it is unlikely that would all come to The Bahamas. For it calls for such revenues to be redistributed to the countries where the profits were generated, meaning the likes of west African states as well as Guyana will share in this. It is also uncertain if Shell would qualify given that the G-7 finance ministers’ communique was seemingly focused on multinational entities making profit margins of 10 percent or more, not Shell Western Supply and Trading’s 4.1 percent. Mr Moss, meanwhile, said The Bahamas

needed to be careful about committing to a 15 percent minimum global corporate tax rate after Ireland denied that it will abandon its 12.5 percent rate that has helped attract multiple multinationals to its shores. Paschal Donohoe, the Irish finance minister, told the country’s media yesterday that the 12.5 percent rate “has been a key feature of our economic policy now for decades” and he was “committed” to maintaining that. “What I’m doing is making the case for our 12.5 percent rate and for the right of smaller and medium-sized economies to have a low rate, as part of their competitiveness,” he said. In response, Mr Moss asserted: “Clearly we should not be looking at 15 percent as a marker. We have to be looking at something for our own selves to see what makes sense for us. We cannot get ahead of the world and try to have a marker at 15 percent. As a country we have to be able to tap into that resource at 5 percent.”

PAGE 6, Friday, July 16, 2021 FROM PAGE ONE Subsequently, he added that URCA’s “technical team” conducted a “spectrum occupancy survey” which concluded that the two frequencies now subject to competitive bidding were available for use “under strict technical guidelines. As a result, Mr Smith indicated that the communications industry regulator felt justified in lifting the moratorium on new licence applications that had been in place since March 2014, when it issued a public notice on the “exhaustion and unavailability of frequencies in the spectrum band 88 MHz to 108 MHz for use in New Providence”. “URCA, recognising the need to address the harmful interference in the FM broadcasting spectrum, determined it would develop technical standards and

RADIO OVER-SATURATION ‘WILL ALWAYS BE CONCERN’

implement those standards for compliance by the FM radio broadcasters,” Mr Smith said. “Those standards were established, and URCA gave the industry 18 months to adjust to the new standards.” That deadline passed last year, and the URCA chief said the regulator subsequently conducted a spectrum occupancy survey “to determine if there was still harmful interference by radio stations. “On completion of the spectrum occupancy survey, our team did an assessment... to determine if there was any additional availability, and our team determined there were two frequencies available for use under strict technical guidelines,” Mr Smith added. “Prior to that, before going to the licensing process, we gave

FM broadcasters the opportunity to confirm or disprove what URCA knew from the technical assessment. “We received responses from a number of broadcasters indicating they were experiencing no large harmful interference. Under the advice of the technical team, we decided it would be useful if we made those two frequencies available for competition.” Mr Smith said the market will “have reached the limit in terms of frequencies to be issued” once these latest two are awarded, and added that URCA faced a balancing act between facilitating competition and new market entrants and ensuring FM broadcasting was not over-saturated. Asked whether the FM radio market was too crowded, with

too many players chasing too few listeners and advertisers as indicated by research, the URCA chief replied: “That’s a realistic observation except it’s a free market enterprise system and we try as best we can to manage the competitive pressures as effectively as possible. “One of the reasons we are adding special criteria for these particular licences is we don’t want a repetition of some of the genres of programming on the stations.” In this way, URCA is hoping to create differentiation and distinction between the new licencees and existing stations. Research conducted for Tribune Radio Ltd suggested that The Bahamas’ FM radio broadcasting market is already unsustainable, with its 47 stations chasing 377,374

THE TRIBUNE potential listeners - a total that equates to 8,029 listeners per station. By contrast, New York’s 42 stations equate to 388,000 stations listener, while in Jamaica, Trinidad and Barbados - all of which have between five to 35 licencees - the average listeners per station range from 38,074 to 78,852. However, Mr Smith said of the seeming over-saturation: “I think these concerns will always be around even if we had less stations than we have now. If we had 50 percent of the broadcasters we have now there would always be these concerns. “For any number of reasons local stations consider the market saturated, and that’s one of the reasons why we’re taking steps to reduce the replication of programming and see if we can encourage a greater level of programming diversity.”

U.S. FACTORY OUTPUT DIPS 0.1% IN JUNE ON AUTO CHIP SHORTAGE By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — U.S. factory output slid last month as a shortage of computer chips disrupted auto production. Manufacturing production dipped 0.1% in June — third drop in five months, the Federal Reserve reported Thursday. Overall, industrial production — including output at factories, mines and utilities — rose 0.4% last month after increasing 0.7% in May. Industrial output is up 9.8% from a year earlier. The chip shortage pushed production of cars, trucks and auto parts down 6.6% in June. Excluding autos, industrial production rose 0.4% last month.

“The manufacturing sector continues to be hobbled by supply constraints,’’ said Stephen Stanley, chief economist at Amherst Pierpont Securities. “The highest profile example is the struggle by automakers to manage through a chip shortage.’’ Utility output climbed 2.7% in June as Americans cranked up the air conditioning to battle a heat wave across much of the country. Mining output rose 1.4% on an uptick in oil and gas production. American industry has been bustling as the coronavirus threat recedes, despite a shortage of workers and trouble getting supplies in time. The Institute for Supply Management, an association of purchasing managers, reported that its manufacturing ticked slightly lower last month compared to May. But it still came in at 60.6 on a scale where anything

above 50 signals growth. Still, factory hiring shrank, ISM found, largely because manufacturers are struggling

to fill job openings as the economy rebounds with unexpected speed from the coronavirus recession.

THE TRIBUNE

Friday, July 16, 2021, PAGE 7

STOCKS CLOSE LOWER, FALLING BELOW RECENT RECORD HIGHS By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers MAJOR US stock indexes closed mostly lower Thursday, pulling back further from the record highs they reached at the start of the week. The S&P 500 fell 0.3% after shedding an early gain. The benchmark index is now on pace for its first weekly loss in four weeks. Technology and communications stocks, and companies that rely on consumer spending, accounted for much of the pullback, outweighing gains elsewhere in the market. Energy stocks fell following a broad slide in energy prices. Among the winners were financial stocks, including banks, which have been reporting mostly solid earnings. Bond yields fell. The yield on the 10-year Treasury note slipped to 1.30% from 1.35% the day before. Investors continued to focus on where the economy is headed as the pandemic wanes and on what companies have to say about how higher inflation is affecting their business. “As long as inflation ends up being transitory, as the Fed believes, the economy is set to continue to do real well,” said Chris Gaffney, president of TIAA Bank World Markets. “The big risk is that inflation spikes and stays here.” The S&P 500 fell 14.27 points to 4,360.03. The tech-heavy Nasdaq slid 101.82 points, or 0.7%, to 14,543.13. The Dow Jones Industrial Average bucked the trend and bounced back after being down much of the day. The blue-chip

index gained 53.79 points, or 0.2%, to 34,987.02. Small company stocks also fell. The Russell 2000 index lost 12.07 points, or 0.6%, to 2,190.29. On Thursday, Federal Reserve Chair Jerome Powell delivered his second day of testimony before Congress. Powell reiterated that signs of inflation should ease or reverse over time, while acknowledging that the U.S. is in the midst of an unparalleled economic reopening on the heels of a pandemic-induced recession. The government said Wednesday that inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. That followed a report a day earlier showing consumer prices posted the biggest 12-month gain in 13 years. Investors are also trying to determine how the economic recovery will play out for the rest of the year as the world tries to get back to normal with COVID-19 waning, but still lingering. “There’s a big question mark around COVID-19 shifting from an acute to a chronic condition for the global market,” said Rod von Lipsey, managing director at UBS Private Wealth Management. While the virus and its variants aren’t likely to severely disrupt the economic recovery, expectations for a quick snapback have been stymied by persistent mutations, he said. New data on applications for unemployment benefits signalled the labour market

NOTICE NOTICE is hereby given that OMAR BRYAN WEDDERBURN, of Clear View Heights, P.O. Box CB-12181, Nassau, The Bahamas 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 9th day of July 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

continues to improve. The Labor Department said Thursday that unemployment claims fell by 26,000 last week to 360,000, the lowest level since the pandemic struck last year. More companies released their latest quarterly earnings Thursday. Progressive

fell 2.6% after the insurance company’s results fell far short of analysts’ forecasts. Morgan Stanley rose 0.2% after reporting a 10% rise in quarterly profits from a year earlier. A larger bulk of companies will start reporting

next week, when earnings season gets into full swing. American International Group, better known as AIG, rose 3.6% after the insurance company reached a deal with Blackstone Group to help manage some of its life insurance assets.

TRADERS John Santiago and Ashley Lara work on the floor of the New York Stock Exchange, Thursday. Investors continue to be focused on where the economy is headed as the pandemic wanes and also on the latest company earnings reports. (AP Photo/Richard Drew)

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

NOTICE

The Public is hereby advised that I, JOSE FORTUNE of Southern District, Nassau, Bahamas intend to change my name to JOSE TANEKO FORTUNE. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas no later than thirty (30) days after the date of publication of this notice.

The Public is hereby advised that I, ANDREA DELORES CAMPBELL of #6 Thistel Dell CT Owings Mills, MD 21117 of the United States of America and formerly of the Western District, Nassau, Bahamas intend to change my name to ANDREA DELLANORA CAMPBELL. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas no later than thirty (30) days after the date of publication of this notice.

NOTICE is hereby given that WATHLEY ADOLPHE of Maxim Court, Freeport, Grand Bahama, 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 twentyeight days from the 16th day of July, 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, Bahamas.

NOTICE is hereby given that RITCHIE D’ANGELO PRUDENT, of Palm Breeze Road off Carmichael Road, 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 16th day of July 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

MARKET REPORT www.bisxbahamas.com

THURSDAY, 15 JULY 2021

BISX ALL SHARE INDEX:

CHANGE

1959.82

0.20

%CHANGE

YTD

YTD%

0.01 -132.64

-6.34

(242) 323-2330 (242) 323-2320

BISX LISTED & TRADED SECURITIES 52WK HI 6.50 33.95 1.62 2.90 1.78 6.00 7.00 3.60 5.27 3.90 6.16 12.00 2.71 7.76 10.71 9.55 14.31 4.10 8.97 16.00

52WK LOW 3.13 22.65 1.46 1.62 1.43 5.00 6.00 2.76 4.25 2.47 5.00 9.75 2.10 5.10 9.50 8.35 13.00 3.42 8.00 15.20

PREFERENCE SHARES 1.00

1.00

1000.00 1000.00 1000.00 1000.00

1.00 10.00 1.00

1.00 10.00 0.90

SECURITY AML Foods Limited APD Limited Benchmark Bahamas First Holdings Limited Bank of Bahamas Bahamas Property Fund Bahamas Waste Cable Bahamas Commonwealth Brewery Commonwealth Bank Colina Holdings CIBC FirstCaribbean Bank Consolidated Water BDRs Doctor's Hospital Emera Incorporated Famguard Fidelity Bank Bahamas Limited Focol Finco J. S. Johnson

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

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

BFHP CAB6 CAB8 CAB9 CAB10 CHLA FBBA FCLB

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

52WK LOW 100.00 100.00

115.92 100.00 100.00 100.00 100.00 100.00 100.00 102.00 96.68 100.00 100.95 100.53 100.30 100.62 100.70

104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 96.68 93.28 100.95 100.29 100.05 100.62 100.46

SECURITY Fidelity Bank (Note 22 Series B+) Bahamas First Holdings Limited

1.00 1000.00 1000.00 1000.00 1000.00 1.00 10.00 1.00

CLOSE 6.50 39.95 1.60 2.61 1.44 6.00 6.97 3.40 5.27 2.48 5.95 10.20 2.43 7.75 11.21 9.55 14.00 3.99 8.30 15.50

CHANGE 0.01 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.01 0.00 0.00 0.00

1.00 1000.00 1000.00 1000.00 1000.00 1.00 10.00 1.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

SYMBOL FBB22 BFHB

LAST SALE 100.00 100.00

CLOSE 100.00 100.00

CHANGE 0.00 0.00

BAH29 BG0107 BG0207 BG0130 BG0230 BG0307 BG0330 BG0407 BSBGR1070360 BSBGR1321391 BSBGRS630211 BSBGRS700238 BSBGRS700246 BSBGRS770249 BSBGRS790262

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 97.16 100.00 100.19 100.27 100.05 100.62 100.72

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

BAHAMAS GOVERNMENT STOCK - (percentage pricing) Bahamas Note 6.95 (2029) BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-7Y BGRS FX BGR107036 BGRS FX BGR132139 BGRS FL BGRS63021 BGRS FL BGRS70023 BGRS FL BGRS70024 BGRS FL BGRS77024 BGRS FL BGRS79026

LAST CLOSE 6.49 39.95 1.60 2.61 1.44 6.00 6.96 3.40 5.27 2.48 5.95 10.20 2.43 7.75 11.19 9.55 13.99 3.99 8.30 15.50

VOLUME 1,500

3,700 5,000

2,000

EPS$ 0.239 0.932 0.000 0.110 0.070 1.760 0.369 -0.438 0.140 0.184 0.449 0.722 0.102 0.467 0.646 0.728 0.816 0.203 0.939 0.631 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

VOLUME

DIV$ 0.170 1.260 0.020 0.030 0.000 0.000 0.260 0.000 0.000 0.120 0.220 0.720 0.434 0.060 0.328 0.240 0.540 0.120 0.200 0.610 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

P/E 27.2 42.9 N/M N/M N/M N/M 18.9 -7.8 37.6 13.5 13.3 14.1 23.8 16.6 17.4 13.1 17.2 19.7 8.8 24.6

YIELD 2.62% 3.15% 1.25% 1.15% 0.00% 0.00% 3.73% 0.00% 0.00% 4.84% 3.70% 7.06% 17.86% 0.77% 2.93% 2.51% 3.86% 3.01% 2.41% 3.94%

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

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

INTEREST Prime + 1.75% 6.25%

MATURITY 19-Oct-2022 30-Sep-2025

6.95% 4.50% 4.50% 6.25% 6.25% 4.50% 6.25% 4.25% 5.40% 5.29% 4.81% 4.53% 4.56% 4.50% 4.53%

20-Nov-2029 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2022 26-Jun-2045 15-Oct-2022 26-Aug-2036 15-Oct-2039 12-Dec-2021 29-Jul-2023 29-Jul-2024 4-May-2024 28-Mar-2026

MUTUAL FUNDS 52WK HI 2.43 4.47 2.17 202.18 190.86 1.69 1.81 1.78 1.12 8.75 10.46 7.40 15.99 12.72 10.39 10.00 10.43 14.89

52WK LOW 2.11 3.30 1.68 164.74 116.70 1.67 1.73 1.75 1.03 6.41 7.62 5.66 8.65 10.54 9.57 9.88 8.45 11.20

FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund Leno Financial Conservative Fund Leno Financial Aggressive Fund Leno Financial Balanced Fund Leno Financial Global 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 2.43 4.47 2.17 202.18 190.86 1.69 1.75 1.76 1.03 8.75 10.46 7.40 15.99 12.72 10.39 N/A 10.43 14.89

YTD% 12 MTH% 1.85% 4.26% 0.77% 1.44% 1.14% 2.84% 0.14% 5.02% 3.25% 31.13% 1.04% 0.20% -2.27% -3.15% -0.08% -0.57% -1.94% -3.33% 3.13% 5.76% 4.29% 7.07% 1.70% 3.85% 14.99% 38.64% -1.20% -0.36% 3.43% 0.76% N/A N/A 3.00% 25.60% 7.90% 48.70%

NAV Date 31-May-2021 31-May-2021 28-May-2021 31-Mar-2021 31-Mar-2021 31-May-2021 31-May-2021 31-May-2021 31-May-2021 30-Jun-2021 30-Jun-2021 30-Jun-2021 30-Jun-2021 30-Jun-2021 30-Jun-2021 31-Mar-2021 31-Mar-2021 31-Mar-2021

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

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THE THETRIBUNE TRIBUNE

Friday, 2021,PAGE PAGE99 Friday,July July16, 9, 2021,

VIDEO COMING TO BLOCKING NETFLIX? LATEST HIRING A CLUE FCC TOGAMES MULL CELLPHONE OPTIONS FOR OFFERS STATE PRISONS By MICHAEL LIEDTKE SOUTH CAROLINA AP Technology Writer Associated Press

SAN RAMON, Calif. FEDERAL regulators are (AP) — Netflix has hired considering state veteran videoallowing game execuprisons thesignaling country tive Mikeacross Verdu, more technological the video streaming options service combat contraband isto poised to expand into cellphones, whichfieldprison another fertile of officials have long said repentertainment. resent theaddition greatestassecurity Verdu’s Netfthreat behind bars. of game lix’s vice president The Federal Communicadevelopment, confirmed tions Commission plans on Thursday, comes as the comTuesday to discuss “taking pany seeks to sustain the steps to combat contraband momentum it gathered last wireless devices in turned correcyear when people tional according to thefacilities”, video streaming to an online service to getmeeting throughagenda lockthat was first reported by downs imposed during the The Associated Press. pandemic. The commission is not Netflix wound up adding

Netflix co-CEO Reed to crack down on contraHastings has long said band cellphones, thousands the company competes as of which are confiscated in much against video games prisons every year, smuggled for a piece of people’s leiinside hollowed-out footsure time as it does against balls, whisked in by corrupt other video streaming seremployees and sometimes vices offered by the likes of even dropped by drone. Amazon, Hulu, Walt Disney Heand andApple. other state prisons Co. directors have advocated for Netflix didn’t directly the ability to signals comment onjam itsthe potential entirely, therefore entry into videorendering gaming, the illicit phones useless, but but left little doubt about that’s not allowed under curits intent by announcing rent federal Verdu’s titlelaw. at the company. CTIA, a wireless industry Verdu is joining Netflix from group, opposes jamming, Facebook’s Oculus, where saying it could he oversaw the thwart virtual legal realcalls. But, according to a ity headset maker’s games. 2020 FCC document, CTIA He previously worked at “recently reported the video game makerstoElecCommission thatZynga. it has been tronic Arts and

says is in the right direction — although shy of the out-and-out cellphone jamming he’s called for. Stirling for years has spoken out on the dangers posed by the devices smuggled into institutions by the thousands, it “I’m predicted its springtime encouraged that the gains would also meager. commissioners arebevoting on The Los important Gatos, Califorthis very public nia, is scheduled safetycompany rule,” Stirling told to report its results for AP yesterday. “If it passes, the April-June on I believe this has period the potenTuesday. tial to make our prisons, Adding video games our states our another country would giveand Netflix safer.” way to build upon the nearly been at that the 208Stirling millionhas subscribers forefront by corit boastedof an at effort the end of rections directors across the March. country to call for the as abil-a It wouldn’t come ity to use more technology surprise either, given that

expected to address outand-out cell signal jamming, something corrections officials say would help them render contraband phones useless to inmates, who use the devices for unfettered, unmonitored 37 million worldwide subcommunication. scribers last the year,mechanism by far the Instead, largest annual gain in its hisbeing mulled by regulators tory. the officials landscape wouldBut allow to has use changed dramatically now technology at state prisons that the easing pandemic to identify specific contrahas allowed people to return band phones being used by to a semblance of their inmates,lives. then send that normal information cell carriers, The video toservice stumwho could shut the during signals bled out of the gate down. the first three months of step that South thisThat’s year, aposting its smallCarolina est first-quarter Corrections subscriber Director in Bryan Stirling increase four years, and

Now the biggest questions working successfully, along are when Netflix might start with its members compato offer video games and nies” on “ceasing service whether it intends to charge to contraband devices pura separate fee to play them suant to court orders they or include them as part of its have obtained”. video streaming services. There’s been other evoIn a research note, CFRA lution on the issue. In 2008 analyst Tuna Amobi called and videoagain gamesina 2019, logicalSouth comCarolina got federal permisplement to Netflix’s vast sion jamming libraryto ofconduct TV series and tests two maximum-secufilms,athelping to set the stage rity for prisons. eventual price increases In 2017, testified that most Stirling subscribers will at a FCC hearing in Washaccept. ington Robert Greg alongside Peters, Netflix’s Johnson, a former South chief operating officer, told Carolina investors corrections in April thatofficer video nearly in a hit games killed couldin 2010 be another orchestrated by an inmate way to engage subscribers using illegal phone. A alreadyanimmersed in the stoyear later, seven South ries unfolding in the service’s

THE WEATHER REPORT

5-D 5-Day ay FForecast orecast

TODAY

ORLANDO ORLANDO

High: High:90° 90°F/32° F/32°CC Low: Low:74° 73°F/23° F/23°CC

TAMPA TAMPA

SATURDAY

SUNDAY

MONDAY MONDAY

Mostly cloudy Pleasant with with somea few showers sunshine

Mainly clear Partly cloudy with a shower late

sunny A Partly shower in the morning; some sun

Breezy in sunny, the morning Partly a with a shower shower; breezy

Breezy, mainly early, Sunshine and passing thenclouds a shower

A Cloudy, shower aand t‑storm shower in the morning possible; breezy

High: High: 87° 90°

Low: Low: 78° 79°

AccuWeather RealFeel AccuWeather RealFeel

AccuWeather RealFeel RealFeel AccuWeather

AccuWeatherRealFeel RealFeel AccuWeather

AccuWeather AccuWeather RealFeel RealFeel

84° 86° FF

97° FF 100°

High: High:93° 90°F/34° F/32°CC Low: Low:77° 78°F/25° F/26°CC

High: 89° 88° High: Low: 79° 79° Low:

98°-84° FF 99°-83°

97°-85° FF 97°-82°

ABACO ABACO

S S

N N

High: 87° 84° F/31° F/29° CC High: Low: 80° 79° F/27° F/26° CC Low:

7‑14 6-12 knots knots

FT. FT. LAUDERDALE LAUDERDALE

High: 90° F/32° C Low: 78° F/26° C Low: 79° F/26° C

S S

6‑12 knots 7-14 knots

FREEPORT FREEPORT

High: 86° F/30° C High: 88° F/31° C Low: 77° F/25° C Low: 79° F/26° C

E E

High: 86° F/30° C High: 88° F/31° C Low: 76° F/24° C Low: 78° F/26° C

MIAMI MIAMI

High: 88° F/31° C High: 90° F/32° C Low: 77° F/25° C Low: 78° F/26° C

6‑12 knots 6-12 knots

98°-86°FF 97°-86°

NASSAU NASSAU

E E

W W

High:80° 89°F/27° F/32°CC Low: Low: 81° F/27° C

S S

ANDROS

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

E E

W W

7‑14 knots 10-20 knots

iDes For For nnassau assau ttiDes High High

7‑14 knots 10-20 knots

ANDROS High: 86° F/30° C High: 88° F/26° F/31° CC Low: 79° Low: 80° F/27° C

6:30 a.m. Moonrise 6:27 a.m. Moonrise 8:02 p.m. Moonset 8:03 p.m. Moonset

Full First

Last Full

New Last

Jul. 17 Jul. 9

Jul. 23 Jul. 17

Jul. 31 Jul. 23

Aug. 8 Jul. 31

High: Low:87° 78°F/31° F/26°CC Low: 79° F/26° C

High: Low: 86° 79° F/30° F/26° CC Low: 80° F/27° C

N N E E S S

6‑12 knots 10-20 knots

High: Low: 87° 79° F/31° F/26° CC Low: 80° F/27° C

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

12:36 p.m. 5:53 a.m. 12:10 a.m. 8:06 p.m.

First New

SAN SALVADOR SAN High:SALVADOR 85° F/29° C

LONG ISLAND LONG ISLAND High: 85° F/29° C

un anD anD m moon oon ssun

Sunrise Sunrise Sunset Sunset

W W

ttracking map racking map

Ht.(ft.) Ht.(ft.)

12:45a.m. a.m. 2.3 2.9 2:25 7:11a.m. a.m. 0.4 0.2 8:07 1:25p.m. p.m. 3.1 2.8 2:07 7:38p.m. p.m. 0.2 0.6 8:34 Saturday 1:38 a.m. 2.8 3:04 8:02a.m. a.m. 0.3 0.2 Saturday 8:48 a.m. 2.3 2:24p.m. p.m. 3.2 2.9 2:48 8:42p.m. p.m. 0.2 0.6 9:13 Sunday 2:36 a.m. 2.7 8:57 a.m. 0.1 Sunday 9:29 a.m. 2.4 3:44 a.m. 0.3 3:25 p.m. 3.1 9:49 p.m. 0.6 9:52 p.m. 3.2 3:29 p.m. 0.2 3:38 a.m. 2.6 9:55 a.m. 0.0 Monday 10:11 a.m. 2.5 4:22 a.m. 0.3 Monday 4:27 p.m. 3.2 10:56 p.m. 0.5 10:32 p.m. 3.2 4:11 p.m. 0.3 Tuesday 4:42 a.m. 2.6 10:55 a.m. ‑0.1 Tuesday 10:54 a.m. 2.5 5:02 a.m. 0.3 5:28 p.m. 3.4 11:59 p.m. 0.3 11:13 p.m. 3.1 4:56 p.m. 0.4 Wednesday 5:44 a.m. 2.6 11:54 a.m. ‑0.2 Wednesday 11:40 a.m. 2.6 5:42 a.m. 0.3 6:26 p.m. 3.5 ‑‑‑‑‑ ‑‑‑‑‑ 11:57 p.m. 3.0 5:44 p.m. 0.4 Thursday 6:44 a.m. 2.7 12:58 a.m. 0.2 Thursday 12:31 p.m. 2.7 6:25 a.m. 0.3 7:22 p.m. 3.6 12:52 p.m. ‑0.3 --------- 6:38 p.m. 0.5

High: Low: 87° 78° F/31° F/26° CC Low: 80° F/27° C

GREAT EXUMA GREAT High: 85°EXUMA F/29° C

Ht.(ft.) Low Low Ht.(ft.)

Today Today

CAT ISLAND ISLAND CAT High: 84° F/29° C

N N

S S

Statistics are are for for Nassau Nassauthrough through22p.m. p.m.yesterday yesterday Statistics Temperature Temperature High ................................................... 88° F/31° C High ................................................... 91° F/33° C Low .................................................... 79° F/26° C Low .................................................... 69° F/21° C Normal high ....................................... 88° F/31° C Normal high ....................................... 88° F/31° C Normal low ........................................ 75° F/24° C Normal low ........................................ 75° F/24° C Last year’s high ................................. 92° F/33° C Last year’s high ................................. 91° F/33° C Last year’s low ................................... 79° F/26° C Last year’s low ................................... 78° F/25° C Precipitation Precipitation As of 2 p.m. yesterday ................................. 0.12” As of 2 p.m. yesterday ................................. 0.43” Year to date ............................................... 10.68” Year to date ............................................... 10.19” Normal year to date ................................... 16.71” Normal year to date ................................... 15.24”

High: 84° F/29° C High: 87° F/31° C Low: 79° F/26° C Low: 80° F/27° C

TM Thehigher higherthe theAccuWeather AccuWeatherUV UVIndex Index number,the the TM The number, greaterthe theneed needfor foreye eyeand andskin skinprotection. protection. greater

High:89° 88° High: Low:79° 78° Low:

98°-85° FF 99°-83°

ELEUTHERA ELEUTHERA

High: 87° F/31° C High: 90° F/32° C Low: 78° F/26° C Low: 79° F/26° C

N N

KEY KEYWEST WEST High: 86° F/30° C

E E

W W

WEST PALM WEST PALM BEACH BEACH High: 88° F/31° C

W W

High: 90° 89° High: Low: 78° 79° Low:

lmanac aalmanac

W W

uV iinDex nDex ttoDay oDay uV

TUESDAY TUESDAY

The exclusive AccuWeather RealFeel Temperature®® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure 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. 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 N

GototoAccuWeather.com AccuWeather.com | |Go

TONIGHT

High: 89° 89° High: Low: 79° 79° Low:

TV seriesinmates and movies. Carolina died in the “We’re trying to figure deadliest US prison riot in out what are all these difyears, gang fight ferent a ways that officials we can said began over territory increase those points of conand contraband including nection, we can deepen that cellphones. fandom,” Peters said at the Congress has mulled jamtime. ming legislation, no bills Verdu will be but reporting to have been signed Peters in his new into job. law. Investors to be The FCC seemed has shown taking a wait-and-see attiwillingness to work on eradtude on Netflix’s potential icating prison cellphones, foray into video games. holding a field hearing in The company’s stock price South Carolina and hosting dipped by to close meetings with1% members of Thursday at $542.95. Congress, prisons officials While much of the stock and stakeholders from the market has been notching wireless industry. record highs recently, NetfYesterday, Stirling lix’s shares are downpraised by 8% leadership theofprogress, from theirfor peak $593.29 so far. in January. reached

MAYAGUANA MAYAGUANA High: 86° F/30° C High: Low:87° 80°F/31° F/27°CC Low: 78° F/26° C

CROOKED ISLAND / ACKLINS CROOKED ISLAND / ACKLINS High: 85° F/29° C High: Low:87° 79°F/31° F/26°CC RAGGED ISLAND Low: 80° F/27° C RAGGED High: 85°ISLAND F/29° C High: Low: 86° 79° F/30° F/26° CC Low: 80° F/27° C N N W W

S S

GREAT INAGUA GREAT INAGUA High: 87° F/31° C High: Low:89° 80°F/32° F/27°CC Low: 79° F/26° C

E E

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

Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Today: Saturday: Saturday: Today: Saturday:

W W

S S

E E

8‑16 knots 12-25 knots

marine Forecast marine Forecast

N N

WINDS WINDS NE at 6‑12 Knots SE at at 7-14 Knots ESE 6‑12 Knots SE at 7-14 Knots E at 7‑14 Knots SE at 10-20 Knots E at 7‑14 Knots ESE ESEatat8-16 6‑12Knots Knots ESE 10-20 Knots E at at8‑16 Knots ESE 10-20 Knots E at at8‑16 Knots EEatat12-25 Knots 8‑16 Knots EEatat12-25 Knots 6‑12 Knots ESE 8-16Knots Knots E at at7‑14 ESE ENEatat8-16 7‑14Knots Knots SE at at 4-8 Knots ESE 6‑12 Knots SSE 6-12 Knots E at at 7‑14 Knots E atat8‑16 SE 10-20Knots Knots 8‑16 Knots EEatat10-20 Knots at 8‑16 Knots EENE at 12-25 Knots 8‑16 Knots EEatat12-25 Knots E at at8‑16 Knots ESE 12-25 Knots 8‑16 Knots EEatat10-20 Knots 8‑16 Knots EEatat10-20 Knots 6‑12 Knots EEatat12-25 Knots E atat6‑12 SE 10-20Knots Knots NE at ESE at 8‑16 8-16 Knots Knots 8‑16 Knots EEatat12-25 Knots 6‑12Knots Knots ESE at at 12-25 E atat7‑14 SE 10-20Knots Knots ESE at 8-16 Knots

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

VISIBILITY WATER TEMPS. VISIBILITY TEMPS. 10 Miles WATER83° F 10 83° 10Miles Miles 84°F F 10 Miles 85° F 10 Miles 83° F 10 84° 10Miles Miles 84°F F 10 Miles 85° 10 Miles 83°F F 10 81° 10Miles Miles 83°F F 610 Miles 81° Miles 82°F F 10 83° 10Miles Miles 82°F F 10 83° 10Miles Miles 86°F F 10 86° 10Miles Miles 86°F F 10 87° 10Miles Miles 85°F F 10 83° 10Miles Miles 85°F F 10 84° 10Miles Miles 84°F F 10Miles Miles 84°F F 10 84° 10Miles Miles 82°F F 10 85° 7 Miles 82°F F 10 83° 10Miles Miles 83°F F 10 83° 10Miles Miles 83°F F 10 83° 10Miles Miles 82°F F 10 83° 5 Miles 82°F F 10 83° 10Miles Miles 84°F F 10 83° 10Miles Miles 84°F F 10 84° 10Miles Miles 83°F F 10 84° 10Miles Miles 83°F F 10 83° 10Miles Miles 85°F F 10 83° 10Miles Miles 85°F F 10 85° 10 Miles 86° F