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wins 2% of Super Value chief calls for Ex-MP claim over his ‘most ‘brutal’ COVID enforcement humiliating episode’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

UPER Value’s president yesterday urged the authorities to “brutally enforce” COVID-19 health protocols as he revealed the supermarket chain has “had more cases in the last month than ever before”. Rupert Roberts, speaking after the government unveiled tighter restrictions in a bid to curb soaring infection rates, told Tribune Business that the spike was likely due to persons failing to abide by long-standing measures such as social distancing, mask wearing and hand washing. Voicing fears that the case surge, with another 62 cases recorded on Saturday, could “destroy the economy” and setback tourism’s revival if left unchecked, he warned that The Bahamas cannot afford any repeat of the “lockdowns” implemented in 2020. Mr Roberts also suggested that The Bahamas could evolve into a two-tier society if vaccination rates

• Chain sees most monthly cases since pandemic start • Fears case rise will ‘destroy economy’ if not checked • Two-tier society of vaccinated/non-vaccinated emerging

RUPERT ROBERTS do not improve when new supply becomes available, adding that non-vaccinated persons could effectively “lock themselves in” and “not be able to participate in the economy and regular life”. While encouraged by talk among Super Value’s staff and customers that they will be more inclined to take COVID vaccines once the Pfizer brand arrives in The Bahamas, which is projected to happen in the upcoming quarter, Mr Roberts argued that the

Taylor Industries owners give ex-staff $150k boost By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE Supreme Court has approved a transaction that will see Taylor Industries’ former owners make a $150,000 payment that could significantly boost recoveries for former staff of the insolvent retailer. Court documents reveal that the monies, generated from the $2.335m sale of the merchant’s former Shirley Street headquarters, could potentially more than double recoveries for a liquidation estate whose preferential creditors include 43 former employees adjudged to be owed

a combined $691,535 in termination pay and other benefits when the electrical retailer/contractor collapsed. Andrew Davies, the Crowe Bahamas accountant, in an affidavit filed with the Supreme Court said the liquidation would receive the $150,000 from the Taylor and Mabon families in exchange for the 1.09 percent stake held by Taylor Industries in a company called Rolyat Ltd. That latter entity, which formerly owned the Shirley Street head office, also holds Taylor Industries’ former Dunmore Street

SEE PAGE 8

Aviation faces ‘curve ball’ from COVID restrictions

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE Bahamian aviation industry was yesterday said to have been thrown “a curve ball” by the government’s tightening of COVID restrictions having regained just 40-50 percent of prepandemic business. Anthony K Hamilton, Southern Air’s director of administration, and president of the Bahamas Association of Air Transport Operators, told Tribune Business that the industry will have “to roll with the punches” after the

government reintroduced the PCR test requirement for all non-vaccinated travellers leaving New Providence, Grand Bahama and Eleuthera/Harbour Island. He said the measures, brought in to counter the latest spike in COVID-19 cases that is threatening to overwhelm the public health system, will “certainly have an impact” on domestic aviation operators and the wider industry through “minimising to some degree the traffic potential”.

SEE PAGE 5

nation is presently in the midst of its “worst infection wave ever” with the public healthcare system again stretched to breaking point. Some 100 persons are presently hospitalised with COVID-19, including ten who are in intensive care, with some 1,455 active cases spread across The Bahamas. “We have to do something to stop the spread; they have to slow down this spread,” Mr Roberts told Tribune Business. “I think people have reverted back to the status quo, and we need something to bring their attention back to the protocols that they should be following, which I think they have gotten away from. I think that the medical authorities really have to get brutal with enforcing the restrictions. It’s just getting out of hand, and the reason it’s getting out of hand is because they’re not following the protocols.”

Mr Roberts said he had spoken to both Dr Duane Sands, ex-minister of health, and Dr Nikkiah Forbes, The Bahamas’ head of infectious diseases, on the matter and reiterated: “I think they should get more brutal about the enforcement. We’re headed for another lockdown unless we hold this off, and the population starts listening. “Everybody saw this wave coming. We’re feeling it [at Super Value] because on Friday we had our second death. I told Dr Sands and Dr Forbes that we’ve had more cases in the last month than we’ve ever had since this pandemic began. It’s because people are not listening. “I don’t have enough medical knowledge to suggest what to do, but the people who know have to get on with it. We seem to

SEE PAGE 7

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

AN ex-PLP MP has won just two percent of his $84,420 legal claim against the government for what he described as “the most humiliating episode of my professional career”. Ron Pinder, Marathon’s MP from 2002-2007, also slammed a civil service appointments culture that is used “to play games with people’s lives” when giving evidence before the Industrial Tribunal to support his wrongful and/or unfair dismissal claim against the Ministry of Public Service and National Insurance. The former parliamentary secretary in the Ministry of Health, who was appointed as deputy registrar general in 2013 under the second Christie administration before being transferred to the Law Reform Commission, had claimed he was “entitled to reinstatement and/or compensation and damages” after it was determined his services were no longer required following the FNM’s May 2017

Public service culture ‘plays games with people’s lives’

RON PINDER general election win. However, Simone Fitzcharles, the Industrial Tribunal’s vice-president, found all Mr Pinder was entitled to beyond the $25,034 he received when terminated was $1,900 as a mixture of general salary increases and increments stemming from the Bahamas Public Services Union’s (BPSU) new industrial agreement that took effect in 2014. Tribune Business records show Mr Pinder was transferred from his post as

SEE PAGE 6

PAGE 2, Monday, July 26, 2021

THE TRIBUNE

Anti-financial crime regime must be alive

BY DEREK SMITH

INCE The Wolfsberg Group’s original issuance of its anti-money laundering (AML) principles for private banking in October 2000, and its subsequent statements over the past decades including more recently its statement of effectiveness in December 2019 - many jurisdictions have taken steps to enact more effective regimes to combat financial crime and terrorism financing. Over the same period, financial institutions were confronted with increasingly complex compliance requirements, while simultaneously juggling the customer’s expectation for a better user experience. Financial institutions have had to develop, and attempt to perfect, a wide variety of complex yet crucial capabilities to remain compliant with jurisdictional and international requirements. The Wolfsberg Group in its June 30, 2021, statement on demonstrating effectiveness, said: “The croup believes designing, assessing and measuring anti-money laundering/counter terror financing programmes based on performance against these defined outcomes would not only enable financial institutions to detect and deter criminal activity better, but also improve the effectiveness of the system to combat money laundering and terrorist financing overall.” It is in this context that I would encourage you to ask: “How effective are my institution’s risk management regimes, and how effective are regimes worldwide?” This article will consider alternative views on current anti-money laundering/counter terror financing regimes and provide non-exhaustive suggestions on how to demonstrate an effective framework to counter these crimes.

Arguments against antimoney laundering/counter terror financing regime effectiveness Louis de Koker published in the Journal of Money Laundering Control (17:3) that the Financial Action Task Force’s (FATF) identification guidelines and practices have resulted in a “largely bureaucratic” process that does not guarantee identity fraud will be prevented effectively. Additionally, academic Ronald R. Pol argued in a research paper the was published in 2020, via the Journal of Financial Crime, that the anti-money laundering/counter terror financing regime is virtually non-effective in disrupting illicit finances and serious crime. These positions promote that anti-money laundering/counter terror financing regimes are process driven with little profit (results). Regime prescriptiveness versus regime agility The current enterprisewide risk assessment is too prescriptive and less agile than is required in the current business environment. Wait, I am not asserting that the current enterprise-wide risk assessment should be abolished. I am suggesting that compliance and risk professionals must ensure their regimes are “living creatures”, and accurately reflect the real threats to their company instead of employing rigid, out-of-the box, regimes. Expectations versus law A very intricate balance must be achieved between expectations and the parameters of the applicable

laws and regulations. It is crucial that risk and compliance professionals seek clarity from their designated regulator on laws and circumstances where guidelines must be understood as binding. This can be difficult, as our formal training and international groups such as Wolfsberg appear to be of the view that guidance is non-binding. This circumstance is further exacerbated when there are multiple regulators of one entity. Regulatory compliance and interaction Surprise. The regulator should be your friend and not your perceived foe. Relationship building via open and fruitful communications provides all stakeholders with the required information needed to make the best-informed decisions. Financial institution control frameworks are enhanced or improved because of this approach. Conclusion From my experience, reading and compliance roundtables, it was made clear that there is always room for regime improvement, and a rethinking and reengineering of processes. For an anti-money laundering/counter terror financing programme to be effective, it should conform to applicable antimoney laundering/counter terror financing laws and regulations, and establish reasonable and risk-based controls to mitigate identified risks. The reputation and marketability of our financial services offering depends on our ability to demonstrate effectiveness. NB: Mr Smith, a Top 40 Under 40 leader, has an extensive career in the Bahamas’ compliance and anti-money laundering space. A GRC professional for more than 20 years, his career has been fortified by holding strategic positions at a TerraLex member law firm, a Wolfsburg Group member bank and a major accounting firm. He is also a holder of the certified anti-money laundering specialists (CAMS) and certified risk and compliance management professional (CRCMP) designations.

THE TRIBUNE

Monday, July 26, 2021, PAGE 3

TOP RESTAURANT’S MANAGER LAMENTS COVID MEASURES By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net

AN executive with a prominent restaurant says the tighter COVID restrictions “don’t make any sense” as he lamented the earlier curfew, indoor dining prohibition and discrimination in favour of hotels. Allen Williams, Café Matisse’s assistant general manager, told Tribune Business he did not see how moving the nightly curfew’s start forward by one hour - from 11pm to 10pm with effect from tonight - will make a major dent in the current COVID-19 spike. With his and other restaurants set to lose an hour of business from having to close earlier, Mr Williams added: “I don’t know what they think could happen in the night that can’t happen in the middle of the day at a bank or a food store. This just doesn’t make any sense.” The COVID-19 pandemic has hit Café Matisse significantly harder than some other restaurants

because it does not have the same space to provide adequate outdoor dining, with the restrictions unveiled by the government on Friday mandating that all eateries move back to outdoor dining or takeaway only in a bid to curb the latest COVID infection surge. “I can’t put my patrons outside for long because what if it rains? This is the rainy season. I don’t have the spacing or covering to protect them from the rain and I can’t bring them inside,” Mr Williams explained. “I think this is going to hurt a lot of businesses. Luckily for us we have a few tables outside, but what about the restaurants that don’t have any seating on the outside? He should have thought about this.” Renward Wells, minister for health, said on Friday that with effect from today “dining is restricted to outdoor and takeaways services, and it is encouraged that there be no loitering of groups outside restaurants or at fish fries. These restrictions, however, do not apply to

hotel properties”. The seeming discrimination against local restaurants, and in favour of rival eateries within resort properties, is something Mr Williams finds offensive. He said: “Wherever the tourists go they could move around but the brethren can’t move around? “In any country where you travel to and they have a curfew, the curfew is in place for everybody. I believe we have a lot of people who come into this country who are vaccinated, but they are still able to spread the virus and they are still infecting people and not realising it.” Café Matisse has strict rules regardless of the vaccination status of patrons. Mr Williams said “everyone” has to walk in with a mask on until they are seated at their table. He added that he has had to turn back several MPs for failing to wear masks and not presenting vaccination cards, including deputy prime minister, Desmond Bannister, and the minister for education, Jeffrey Lloyd.

Suggesting that every restaurant owner should be very strict about this, Mr Williams said Bahamians are “lowering their guard” and this is why COVID-19 infections are rising again. Peter Maury, owner of the Green Parrot and Margaritaville restaurants, said he has not re-opened to indoor dining since the initial COVID-19 restrictions were imposed on restaurants last year. He cited difficulties associated with checking patrons’ vaccination status when they come in the door. He added: “We’re outside anyway. So it doesn’t matter. We weren’t doing inside; it was too much. It was too much to do the inside, and all that was just too much of a hassle. You had to check everybody’s vaccination cards, and so we just didn’t even do that. We just went ahead and did outside. “This is kind of the same thing for us. So we had a week or two of 11pm and now we’ve gone back. I guess it is what it is.” Disclosing that he believes a vaccination

RESORT OWNER BACKS ‘MANDATORY’ VACCINE By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A FAMILY Island resort owner wants the government to make COVID-19 vaccinations mandatory as the only way to combat the misinformation and conspiracy theories circulating on social media. Dr Larry Carroll, owner/ operator of the Abacobased Sandpiper Inn, told Tribune Business it is time to start “mandating” COVID-19 vaccinations to save tourism and the wider economy. He said: “The inaccuracies around the COVID-19 vaccination are basically the conspiracy theories, which we all know are going around on social media. That’s stopping workers from wanting to be vaccinated, and not really taking a look at what are the choices.” Dr Carroll’s comments came in response to a challenge set out by Kerry Fountain, the Bahamas Out Island Promotion Board’s executive director, who said tourism operators need to do more to combat the “inaccuracies” being circulated on COVID-19 vaccinations if they want the industry to fully rebound

and at a much faster pace. He added: “The young people are scared, and it’s the same thing all over the world. The education versus the conspiracy theories, but who’s winning? “There’s not much us operators can do, but one thing I did suggest is to look seriously at the emergency powers and mandate certain things. But it’s election time so nothing is going to be done until you secure yourself and you’re satisfied, and then maybe you’ll take the risk of mandating vaccinations. Dr Carroll continued: “Tourism is our lifeblood, and we have large hotels that have 4,000 people, and 2,000 of them don’t want to take the vaccine: That’s not helping the country. Unless the powers that be either mandate or properly educate and mitigate against the conspiracy theories, then nothing is going to change.” John Pinder, former director of labour and now the Free National Movement’s (FNM) candidate for the Fox Hill constituency, previous;y said employers will break the law if they mandate employees to take the vaccine. Dr Carroll acknowledged this, but said he feels the government has

the “right to legislate” and can make mandatory vaccinations a legal requirement. Karla Lisgaris, co-owner of Reel Dreams Sport Fishing Charters, told Tribune Business that she does not know what more tourism operators can do to combat misinformation about COVID-19 vaccines on social media. She said: “We can go on social media and engage, but is that really effective? The people who I know spend very little time on Facebook, and on Facebook I have the option to not follow negative feeds and I do that, so I don’t see all of this stuff floating around. “I’m just not sure what anybody is supposed to do about inaccurate comments. It’s just really unfortunate, because the same people who are hesitant to take the vaccine are the same ones who would end up at the Princess Margaret Hospital (PMH).” Ms Lisgaris argued there was very little the private sector can do other than incentivising employees to take the COVID-19 vaccine. She said: “I just don’t think there’s anything anybody can do about inaccurate comments, and I think that’s what most people would say,

“I don’t feel like engaging commenters on Facebook would be impactful because you would think that people in the tourism sector would be the most inclined to get vaccinated, as they know this diminishes travel, but from an operator standpoint I know people in our association - and owners at that - who say that they don’t know what’s in that vaccine, and they would rather take a chance with the COVID-19.”

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pass for restaurants is being being created, Mr Maury said: “The Government uses a mobile app to check people who have been tested. I know 85 percent of the tourists coming in are vaccinated, and there are a lot of Bahamians that got the vaccine. So I don’t know why we don’t allow the same travel visa/fiveday testing for vaccinated guests. “There is a mobile app where the government allows people to check their five-day status and upload

their information. They should make that accessible to the restaurants so we can check easily. I think they are working out the bugs on that one.” Mr Wells announced in the House of Assembly earlier this year that restaurants will have available to them an online database that vaccinated people will be entered into. They will subsequently obtain a QR code to notify restaurant workers on who is and is not vaccinated.

PAGE 4, Monday, July 26, 2021

THE TRIBUNE

MERCHANTS: VACCINE ONLY WAY TO REVIVE ECONOMY By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net

Bahamians become inoculated in increasing numbers as this will enable the economy to open even more. He said: “Things are looking much better now. I’m hoping that we can continue working and hopefully arrest this uptick in COVID-19 related matters. We as a country, we like to blame everybody else for ourselves, because there’s a lot of us who are not vaccinated and there’s a lot of us that don’t wear masks properly, and it is a sad reality. “Vaccinations are

definitely the big thing for me right now. I’ve been getting vaccinated all of my life, and I’ve never had an adverse reaction because I couldn’t get into a school unless I was vaccinated. So what’s the big deal now?” Vaccination hesitancy is thought to have hindered the COVID-19 vaccination push nationally. Persons have previously voiced concerns about the Oxford/AstraZeneca vaccine, which is the brand currently being deployed by the Government, and its efficacy against the virus

as well as possible health repercussions from taking it, including blood-clotting issues and other side effects. Mr Sherman said fears surrounding the vaccine’s efficacy, and effectiveness, against COVID-19 are unfounded. He added: “If you do your own investigation, AstraZeneca has held its own. “This has everything to do with the EU (European Union) and all of those other things. This problem starts in the EU; they don’t want AstraZeneca to get all of the good ratings because

the EU doesn’t like it.” Mr Sherman is fully vaccinated and working to persuade everybody around him to do so, but is not mandating it for any of his employees. Instead, he is “encouraging them through education”. Mae Curry, owner/operator of Indulgence Shoe & Bag Boutique, said business was “really bad” and sees no hope of activity turning around any time soon. “It’s a mix of people not having any money right now and there are no events to

go to. We need to open back up fully,” she added. As for vaccinations, Ms Curry feels “everybody” should go ahead and become inoculated to ease the pressure on the hospitals and public healthcare system. She added: “We have more cases now than we were having initially. Only the food stores and gas stations are making money right now, but everybody else is catching hell. There is really no comparison to what we were doing pre-COVID-19.”

Sectors lament going back to ‘the old norm’

Cindy Coakley-Knowles, the Bahamas Bridal Association’s president, told Tribune Business that smaller wedding operators will be impacted the most while large event planners will carry on unaffected by the measures taking effect from today. Weddings, funerals, spas

and gyms are among those that will be hit. For weddings and funerals, only 30 persons maximum will be allowed to attend such ceremonies either indoors or outdoors. For gyms, capacity will be restricted to 33 percent and exercise groups limited to ten persons. Spas for massages, waxing, threading and facials will be closed. However, there was no mention of any restrictions being imposed on other industries that attract large gatherings, such as movie theatres. Ms Coakley-Knowles said: “It’s sad because we know that only the small businesses will be affected. Those small destination businesses will be affected because the hotels and big conglomerates and event destination management

companies, they’re still going to move forward with their large numbers and doing their events as they have been doing for the past ten to 12 months. It’s only the small businesses that are hurting with this back and forth with the numbers.” Dr Kent Bazard, owner/ operator of Empire Fitness, said that if the government keeps restricting business operations it needs to develop a solution that would offset some of the overhead costs they still have to pay regardless. He said: “If they are going to decrease the amount of income or revenue a business can make, then they need to look into how they’re decreasing these business expenses, otherwise the economy will fail. It’s just that simple.

You just can’t keep decreasing a business’s income and not address the expenses at all in no way, form or fashion. It’s really unfair.” Kirsch Ferguson, president of the Bahamas Funeral Directors Association, said that as professional caregivers they “have to do what the law says”, but it is “disappointing” that the industry is back to the “old norm. This will be a heavy burden on families moving forward who have funerals already in place now for services within the next week or so”. Acknowledging that it was expected due to the increase in the COVID-19 cases and hospitalisations, Mr Ferguson said the “government is doing every effort to mitigate the spread from expanding any further”.

INCREASING the pace of COVID-19 vaccinations is the only way to restore the Bahamian economy to full strength, merchants are arguing, as the Government tightens restrictions to combat the latest case spike. Gregory Sherman, owner/ operator of G.S. Landscaping Company & Property Management, told Tribune Business that market activity is starting to “pick up” and will further increase if

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net

INDUSTRIES impacted by the government’s

tightening of COVID-19 restrictions have lamented the return to “the old norm” and warned that small businesses will increasingly struggle to survive.

BAIC IN 40-ACRE CHURCH FARM DEAL AN agreement to lease 40 acres of Bahamas Agricultural and Industrial Corporation (BIAC) land in Norman’s Castle, Abaco for a church farming project took place at the agency’s headquarters last Thursday. The Church Commercial Farming Group will break ground in September to begin the project, which mirrors the challenge from Michael Pintard, minister of agriculture and marine resources, to help slash The Bahamas’ $1bn annual food import bill. Bishop Gregory Collie, BAIC’s chairman, said the lease will help rejuvenate Abaco’s economy following

the devastation caused by Hurricane Dorian in September 2019. Also attending the signing were: Rev Clyde Bain, treasurer of The Church

Commercial Farming Group; Rev Dr Patrick Paul, office manager; Kim Carey-Gibson, deputy chairman, BAIC; Jameel Lightbourn, BAIC director; and BAIC general manager, Rocky Nesbitt. Photos: Kristaan Ingraham/BIS

THE TRIBUNE

Monday, July 26, 2021, PAGE 5

THE IMPORTANCE OF THE OLYMPIC GAMES ACTIVTRADES WEEKLY By RICARDO EVANGELISTA www.activtrades.bs

THE Summer Olympics finally got on the way last Friday, in Tokyo after a year’s delay caused by the pandemic. Held every four years, the competition captures the imagination of billions of sporting fans, having an economic and social impact that stretches beyond sport. The modern version of the games, based on those of the Greek classical era, was created in the late 19th Century by Pierre de Coubertin, a French aristocrat who, during a visit to England, was inspired by the Wenlock Olympian Games, held in the county of Shropshire. Upon his return to Paris he soon set up the International Olympic Committee (IOC) and started to gather the necessary support to organise a grandiose and international version of the British event. Eventually the first edition of the modern-era

HISTORICAL picture of the Olympic Games.

Olympic Games was held in the Greek capital of Athens in 1896. It was, by today’s standards, a modest affair, where all competitors were amateurs. Professional athletes, which were already relatively common during the late 19th Century, were not allowed to participate – a rule seen by some as a snub from the aristocratic

elites, which provided most of the competitors, towards working-class professional sports people. Much has changed since those days. Today, top professional athletes have themselves become part of the global elite, commanding more influence and economic clout than the average aristocrat. And,

Aviation faces ‘curve ball’ from COVID restrictions

something any of us predicted. It’s a curve ball. The recent decision by the government is a curve ball, and there will be some impact from that.” Asked how well the sector had rebounded from the prior year’s COVID-19 lockdowns and restrictions, Mr Hamilton replied: “There’s been a measure of return in terms of traffic volume, particularly domestic traffic, and we’ve seen the foreign traffic in terms of tourists we’ve seen some measure of return, not fully but a good measure. “I’d say we’d seen maybe a 40-50 percent return given the environment. We’ve seen some spurts, particularly when there are holiday situations. There was some measure of movement and we saw them beginning to come back. In that light, we anticipate some degree of slower traffic in light of these measures.”

FROM PAGE ONE

The reintroduction of the COVID-19 PCR test requirement will raise travel costs, and the associated bureaucracy and red tape, for non-vaccinated passengers and may discourage them from travelling. Tribune Business yesterday received a video, said to have been filmed in Exuma at 10.35am yesterday, of around 30-40 persons sitting on a hillside in Exuma waiting to receive a COVID test so they can travel. A woman’s voice on the film said there was only one person there to administer the tests at a location that had opened at 10am. They described the queue and wait as “totally unacceptable and ridiculous”, and added: “There’s got to be a better way..... This is straight up ridiculous. Please, somebody, figure out how to make it better. It doesn’t have to be this bad. “We have people saying how much they regret having to go through this, and was

the experience worth it to go through this. This is something people should look at at the top. Can somebody figure this out? This is not a good look tourism.” Mr Hamilton, meanwhile, suggested the government’s PCR test requirements were “discriminatory” in that they only apply to nonvaccinated persons, while adding that persons travelling between Nassau and the Family Islands for work will also be impacted. He also questioned whether the tightened measures mean the government will extend the COVID-19 emergency orders that are due to expire next month. “We’re going to have some impact, but couldn’t predict the extent or range we’ll have. We’ve been weathering this for some time,” he told this newspaper. “It’s a matter of rolling with the punches right now and figuring out how best we can respond to this. We have to take it as it’s coming. The authorities make the decision and we have to abide by it.... “I don’t think this is

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they are not just welcomed at the Olympics, they are fundamental to the appeal and commercial success of the games. Still, the transition to professionalism was slow, finally reaching a climax almost 100 years after the first edition. It happened in Barcelona 1992, when the International Basketball

Federation authorised the inclusion of professionals, and the United States fielded the famous Dream Team, which included names such as Michael Jordan and Magic Johnson. They did off course win gold, as well as scores of new basketball fans around the world. Interestingly, the only international federation still not allowing the participation of all its top athletes in the Olympics, is FIFA; probably for fear of obfuscating its own event: The Football World Cup. According to data from the IOC, every four years the games generate a profit of approximately $6bn, mostly from broadcasting and marketing rights. Because the IOC is a non-profit organisation, 90 percent of this revenue is destined to

finance grass-roots sport and athlete development, while the rest is used to mitigate the financial burden experienced by host cities. Despite the high costs associated with hosting the Olympic Games, which in the case of London 2012, for example, was $18bn, there is a long list of cities around the world willing to welcome an event that not only enhances their international reputation but also boosts job creation and leaves a legacy of infrastructure benefits; Rio de Janeiro, the host of the 2016 Summer Olympics, increased the offer of tourist beds by 15,000; a massive improvement for a city that had, until then, struggled to accommodate large numbers of visitors. Let the games begin!

PAGE 6, Monday, July 26, 2021

Ex-MP wins 2% of claim over his ‘most humiliating episode’ FROM PAGE ONE

deputy registrar general just days after he held a late October 2016 press conference to refute widelycirculated claims he had married a same-sex couple. Producing both the husband and wife to put an end to the claims, Mr Pinder also denied that he himself was a homosexual. He said at the time: “Nothing can be further from the truth. I am not a homosexual. I have never been a homosexual. I’m not gay. I am not a sissy. I am not a punk. “I am a man, and I performed this wedding as a marriage officer of the Commonwealth of The Bahamas, and it is a legitimate marriage between a man and a woman.” The Industrial Tribunal’s ruling detailed the transfer, although it did

not include any of this background information. Mr Pinder, in his claim, cited various breaches of the Employment Act, civil service General Orders, the Public Service Commission regulations and BPSU industrial agreement as grounds to support his unfair and/or wrongful dismissal claim against the government. He claimed $39,471 for wrongful dismissal and just under $65,000 for unfair dismissal, taking the total to $104,420 - a figure that included $10,000 for aggravated damages. However, Mr Pinder and his attorney, Trades Union Congress (TUC) president, Obie Ferguson, deducted $20,000 from this due to the earlier pay-off from the government to leave the total claim at $84,420. The government, though,

NOTICE NOTICE is hereby given that JACK GASPARD, of #332 Lady Fish Street, Caravel Beach, Freeport, Grand Bahama 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 19th day of July 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

THE TRIBUNE denied Mr Pinder’s claims and asserted that it had “fulfilled its obligations” to the former PLP MP via the $25,033 paid out in compliance with the Employment Act’s section 29. Tracing the background to the dispute, Ms Fitzcharles said Mr Pinder met with then-permanent secretary Archie Nairn prior to his May 8, 2013, hiring. Mr Nairn said he would be employed on either a yearto-year contract, for three years or by being made a “permanent and pensionable” member of the public service. Mr Pinder had expected to be appointed as the latter, and he received a June 6, 2013, letter from then-deputy permanent secretary, Celia Strachan, advising that the Christie Cabinet had approved his hiring on a $45,150 annual salary and 12-month probationary period. The former MP provided all the documents requested by the government to facilitate his hiring, but Ms Fitzcharles said he never inquired as to his appointment status. Mr Pinder was transferred to the Law Reform Commission on

October 27, 2016, “to assist with urgent preparations of a committee tasked with conducting a conclave with a team from the Organisation of American States”. He remained with the commission until the government dispenses with his services on August 2, 2017, less than three months after the Minnis administration was elected to office. Mr Pinder had been employed for four years and three months by that stage. The ex-parliamentary secretary argued the government was guilty of a “dereliction of duty” in failing to make him a “permanent and pensionable civil servant”, but the latter argued he was never “regularised” as such and was operating without a formal contract and never appointed as a public officer. Ms Fitzcharles found that Mr Pinder was never appointed as a public officer in accordance with the constitution and Public Service Commission regulations, and nor was he a contract officer because he was not appointed for a fixed period of time. And his appointment was not in compliance with the Registrar

NOTICE NOTICE is hereby given that STANLEY GEORGE WISSORT of Donmore Street off Blue Hill 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 19th day of July, 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

General’s Act. “The Public Service Commission and the Governor-General did not perform those acts necessary to appoint Mr Pinder as a public officer to the post of deputy registrar general, albeit he was employed to do so,” Ms Fitzcharles found. After finding that Mr Pinder was entitled to neither pension nor gratuity benefits, she added that he had to be classified as a ‘government servant’ or temporary worker with his working relationship governed by the Employment Act. The ex-MP, under crossexamination from the government’s attorneys, during the trial hit out at the public service appointments process for lengthy delays in making persons “permanent and pensionable”. “I am telling you the culture that is in the public service,” Mr Pinder blasted. “Persons should not suffer because the system has failed to keep up. It is by no means uncommon. I wish something could be done about it. Any suggestion that because I did not have a letter in hand nullifies my position is disingenuous.” And later, when pushed that he had not been regularised and given a formal contract, Mr Pinder hit back on the absence of a letter confirming his appointment by the governor-general.

“That is not the culture of the public service,” he argued. “It is a pervasive culture and, because it happened for so long, people use it to play games with people’s lives. It was the most humiliating episode of my professional career.” Mr Pinder then recalled how he had to pack his belongings, and clear his desk, with other staff watching on. Ms Fitzcharles found this could have been done “in a more tactful manner”, with Mr Pinder allowed to leave after other employees had already left. However, she argued that his “dereliction of duty” claim was based on his “lack of appointment” rather than dismissal, and the Industrial Tribunal would “overreach its powers” if it made a determination on this aspect. Accordingly, Ms Fitzcharles dismissed Mr Pinder’s unfair dismissal claim, adding: “In the circumstances, the Tribunal cannot find that because the Public Service Commission and the governor-general did not appoint Mr Pinder a permanent and pensionable officer in the position of deputy registrar general, his dismissal was unfair. “This is because such a finding would first require the Tribunal to venture outside of its remit to review the question of the lawfulness of refraining from appointing him.”

To advertise in The Tribune, contact 502-2394

NOTICE NOTICE is hereby given that CARMEN PAMELA JONES WATKINS of P. O. Box SS-5330, Sea Breeze, Silver Palm, Imperial Park, New Providence, 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 26th day of July, 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE NOTICE is hereby given that ULISES CAMACHO HERRERA of Winton Terrace, New Providence, 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 26th day of July, 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE NOTICE is hereby given that SENILES BIEN-AIME of Marsh Harbour, Abaco, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/ naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 26th day of July, 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE NOTICE is hereby given that TYLEN BRITNEY DORT of Faith Avenue, Hamster 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 19th day of July, 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

THE TRIBUNE

Monday, July 26, 2021, PAGE 7

Super Value chief calls for ‘brutal’ COVID enforcement FROM PAGE ONE

be getting the worst wave we’ve ever had. Whatever it takes to stop it we have to do.” The Prime Minister’s Office, in a statement last night, indicated that no wide-ranging “lockdown” of the type that marked 2020 is in the offing as the government seeks to balance saving lives and prevent the healthcare system from being overwhelmed with allowing tourism and the wider economy to continue their rebound. “The prime minister is focused on implementing policies that protect Bahamians while allowing commerce to continue in a safe and responsible manner,” the statement said. “The country’s economy has shown substantial gains on the road to recovery in recent months. It is imperative that this continues. The prime minister seeks to ensure that while acting to save lives Bahamians are able to earn a living.” However, Mr Roberts said The Bahamas could be “locked down from without” if it fails to get its local COVID-19 infection rates under control and tourists are deterred from travelling here as a result. “I mentioned to Dr Sands and Dr Forbes that if we don’t get locked down from within, we’ll get locked down from without if we carry on with the careless way of not listening and not complying,” the Super Value chief added. “If we don’t stop, and carry on doing what we’re doing, we’re going to destroy the economy and we’ll get locked down from being locked down because tourists will not come to a COVID-infected country. We need to take the precautions and stop, because I don’t think we can get locked down again.”

Warning of the dangers of a two-tiered society, Mr Roberts added: “We have to sort it out by who is vaccinated or not vaccinated. Essentially, it boils down to the vaccinated will carry on and the non-vaccinated will lock themselves out from within. They’ll not be able to participate in the economy and regular life. “We’ll essentially go the way Europe has gone. Stay at home for the non-vaccinated, and the vaccinated participate in the economy. That’s what I see emerging. The virus seems to be multiplying, and getting worse and worse. “I would hate to see it affect our re-opening because the tourists are certainly coming if we are open. People have been locked down, they want to travel, and if we’re a safe place they’ll want to come and we’ll get our employment back and the economy will revive,” he continued. “The economy seemed to be turning around, but if we lose this wave then it really will take time to regenerate and that will be a total disaster.” The government on Friday extended the curfew on New Providence, Grand Bahama, North and South Eleuthera – including Harbour Island – by one hour, bringing the start forward to 10pm from 11pm with effect from tonight. Individuals travelling from those islands are also required to undergo a RT-PCR test. However, the rule will not apply to fully vaccinated people. And on New Providence and Grand Bahama, church services will be limited to one hour and only allowed at 33 percent capacity. Funeral or cremation services are not allowed but graveside services will be permitted with a maximum of 30 people. This excludes the officiant and funeral workers at those services. No funeral repasts are

NOTICE NOTICE is hereby given that WILMIDE FLEUREME of Treasure Cay, Abaco, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/ naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 26th day of July, 2021 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

permitted, however. Weddings are allowed indoors and outdoors, but not exceeding 30 people. Renward Wells, minister of health, said: “As regards

to restaurants, dining is restricted to outdoor and takeaways services, and it is encouraged that there be no loitering of groups outside restaurants or at fish

fries. These restrictions, however, do not apply to hotel properties.” “No spas will be opened. This includes massages, waxing, threading and

facials. For all islands of The Bahamas, private gatherings will be restricted to five persons provided that the individuals are vaccinated.”

PAGE 8, Monday, July 26, 2021

THE TRIBUNE

Taylor Industries owners give ex-staff $150k boost FROM PAGE ONE

warehouse. With the latter property valued at $175,000, Mr Davies pegged the value of Taylor Industries’ Rolyat stake at just $2,000. The other item to be exchanged for the $150,000

are the contracting tools owned by Taylor Industries which, valued at a similar four-figure sum, Mr Davies has been unable to sell in his capacity as liquidator. As a result, the Crowe Bahamas accountant argued that the insolvent retailer and its former employees will

enjoy a significant six-figure gain on the deal. And the now courtapproved transaction will enable the Taylor Industries liquidation to be brought to a close much more quickly, saving time and money for preferential creditors, as the warehouse stake and

tools represent the last remaining assets to be disposed of. The Taylor Industries liquidation estate held $182,594 as at December 11, 2020. Some $64,000 in fees due to the liquidator and his attorneys, Lennox Paton, have been approved by the Supreme Court to be deducted from this amount as they do not work for free. This would reduce the December 11, 2020, balance to around $118,000. However, the infusion of the $150,000 from Taylor Industries’ former owners will now likely more than double this amount to some $268,000, thus significantly improving the recovery prospects for preferential creditors - the government and the former staff. The government is owed just over $18,000 in VAT and, once this is deducted, roughly $250,000 will likely be left for ex-staff. However, this sum is well short of the collective $697,000 they are owed, meaning they will recover “cents on the dollar” or around 36 cents of every dollar that is owed to them. Justifying the transfer in his affidavit, Mr Davies alleged: “I have received confirmation from the Taylor/Mabon family that they wish to make a personal contribution to the liquidation estate in the amount of $150,000 from their share of the sale of the Shirley Street property. This contribution of $150,000 is currently held in a client trust account with their attorney at the law firm, Alexiou, Knowles & Company. “I had discussions with the Taylor/Mabon family regarding the practicality of accepting the $150,000 contribution in exchange for the official liquidator transferring the company’s shares in Rolyat back to the Rolyat treasury. This exchange would yield a significant net financial benefit to the liquidation estate...

TAYLOR Industries’ former building on Shirley Street. “Considering the uncertain economic environment, this exchange makes practical sense for the efficiency of the liquidation as there will no longer be a need to wait until a buyer is found for the Dunmore Lane warehouse.” Tribune Business understands that the necessary documents now have to be completed to effect the transaction, and exchange of the $150,000 for the warehouse stake and tools. Once the transfer is completed, Mr Davies will be able to pay “a first and final dividend” to the Government and former staff “without further extended delays in attempting to find buyers for [these] assets”. Three Taylor Industries’ former management staff, all unnamed, are shown as being owed more than $68,000 each, with the highest due $71,571. More than five managerial staff were with the company over 20 years, and two for more than 30. Management are owed a collective $455,964 in severance and other benefits. The $235,571 balance is due some 31 former line staff, two of whom had been with the company for more than 40 years. Taylor Industries’ owners had kept the operating business separate from the company’s real estate, holding them via different ownership structures, which enabled them to sell the Shirley Street building while closing the loss-making and insolvent 74 year-old retailer. Kelly’s Home Centre,

with an $11,895 claim, and a US supplier, Peninsular Electric Distribution from Florida, which is owed $134,750, will be unlikely to see a cent as unsecured creditors. “The financial status of the unsecured creditors in the liquidation remains the same, which is there will be insufficient funds for them to receive a dividend,” Mr Davies wrote previously, implying that all the recoveries will go to the government and former staff. He also suggested that The Bahamas needed to establish a formal auction house to assist liquidators in disposing of assets more efficiently. “Because of its small size and relatively limited business environment, The Bahamas lacks various commercial options that may have assisted the liquidator in carrying out his duties,” Mr Davies wrote. “The main one being a formal auction house where the assets the liquidator had available to sell could have been disposed of with possibly greater efficiencies, and reduced overall costs to the liquidation estate. “The liquidator would like to highlight that while some of the assets owned by Taylor Industries had value when the company was operational, these assets ceased to have value in a liquidation scenario given the time and associated costs in attempting to sell them.”

THE TRIBUNE

Help Wanted

Servers • Bussers • Head Chef Experience required, flexible hours. Must be able to work under pressure. Must be a team worker. Serious enquiries ONLY.

Email resume to: nassauemployment@gmail.com

Monday, July 26, 2021, PAGE 9

MARKET REPORT www.bisxbahamas.com

FRIDAY, 23 JULY 2021

BISX ALL SHARE INDEX:

CHANGE

1968.07

0.10

%CHANGE

YTD

YTD%

0.01 -124.39

-5.94

(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 3.20 22.65 1.46 1.62 1.43 5.00 6.00 2.76 4.25 2.47 5.00 9.75 2.10 5.30 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

CLOSE 6.20 39.95 1.60 2.45 1.44 6.00 6.97 3.36 5.27 2.74 5.95 9.80 2.46 7.75 11.31 9.55 14.00 3.99 8.30 15.50

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.07 0.00 0.00 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 BSBGR1120363 BSBGR1321391 BSBGRS630211 BSBGRS700238 BSBGRS700246 BSBGRS770249 BSBGRS790262

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 97.15 100.00 100.19 100.27 100.05 100.62 100.72

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 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 96.67 100.00 100.95 100.53 100.30 100.62 100.70

104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 96.67 93.28 100.95 100.29 100.05 100.62 100.46

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

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 BGR112036 BGRS FX BGR132139 BGRS FL BGRS63021 BGRS FL BGRS70023 BGRS FL BGRS70024 BGRS FL BGRS77024 BGRS FL BGRS79026

LAST CLOSE 6.20 39.95 1.60 2.45 1.44 6.00 6.97 3.36 5.27 2.74 5.95 9.80 2.41 7.75 11.24 9.55 14.00 3.99 8.30 15.50

VOLUME 1,000

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 25.9 42.9 N/M N/M N/M N/M 18.9 -7.7 37.6 14.9 13.3 13.6 24.1 16.6 17.5 13.1 17.2 19.7 8.8 24.6

YIELD 2.74% 3.15% 1.25% 1.22% 0.00% 0.00% 3.73% 0.00% 0.00% 4.38% 3.70% 7.35% 17.64% 0.77% 2.90% 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 13-Oct-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

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

PAGE 12, Monday, July 26, 2021

THE TRIBUNE

THE WEATHER REPORT

5-Day Forecast

TODAY

ORLANDO

High: 91° F/33° C Low: 76° F/24° C

TAMPA

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

Clouds and sun with a thunderstorm

Partly cloudy with a stray t‑storm

A t‑storm in spots in the morning

A t‑storm around in the morning

Mostly sunny and beautiful

Mostly sunny

High: 89°

Low: 79°

High: 89° Low: 80°

High: 90° Low: 79°

High: 89° Low: 79°

High: 90° Low: 80°

AccuWeather RealFeel

99° F

88° F

102°-89° F

101°-87° F

almanac

ABACO

High: 87° F/31° C Low: 80° F/27° C

7‑14 knots

High: 89° F/32° C Low: 78° F/26° C

6‑12 knots

FT. LAUDERDALE

FREEPORT

High: 89° F/32° C Low: 79° F/26° C

WEST PALM BEACH

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

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.

uV inDex toDay

TONIGHT

High: 91° F/33° C Low: 80° F/27° C

| Go to AccuWeather.com

High: 88° F/31° C Low: 79° F/26° C

MIAMI

High: 89° F/32° C Low: 80° F/27° C

6‑12 knots

KEY WEST

High: 88° F/31° C Low: 82° F/28° C

ELEUTHERA

NASSAU

High: 89° F/32° C Low: 79° F/26° C

High: 87° F/31° C Low: 80° F/27° C

Low

Ht.(ft.)

Today

10:17 a.m. 10:41 p.m.

High

Ht.(ft.) 2.9 3.4

4:22 a.m. 4:24 p.m.

0.0 0.0

Tuesday

11:07 a.m. 11:27 p.m.

2.9 3.2

5:08 a.m. 5:14 p.m.

0.1 0.3

Wednesday 11:56 a.m. ‑‑‑‑‑

2.8 ‑‑‑‑‑

5:52 a.m. 6:05 p.m.

0.2 0.5

Thursday

12:12 a.m. 12:46 p.m.

3.0 2.8

6:36 a.m. 6:57 p.m.

0.4 0.8

Friday

12:58 a.m. 1:37 p.m.

2.7 2.7

7:21 a.m. 7:52 p.m.

0.6 1.0

Saturday

1:47 a.m. 2:29 p.m.

2.5 2.7

8:07 a.m. 8:49 p.m.

0.7 1.1

Sunday

2:38 a.m. 3:23 p.m.

2.3 2.7

8:55 a.m. 9:48 p.m.

0.8 1.2

sun anD moon Sunrise Sunset

6:35 a.m. 7:58 p.m.

Moonrise Moonset

10:16 p.m. 9:00 a.m.

Last

New

First

Full

Jul. 31

Aug. 8

Aug. 15

Aug. 22

CAT ISLAND

High: 87° F/31° C Low: 80° F/27° C

7‑14 knots

6‑12 knots Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.

Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 90° F/32° C Low .................................................... 73° F/23° C Normal high ....................................... 88° F/31° C Normal low ........................................ 75° F/24° C Last year’s high ................................. 89° F/32° C Last year’s low ................................... 70° F/21° C Precipitation As of 2 p.m. yesterday ................................. 0.00” Year to date ............................................... 10.76” Normal year to date ................................... 18.61”

tiDes For nassau

ANDROS

SAN SALVADOR

GREAT EXUMA

High: 87° F/31° C Low: 80° 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: 87° F/31° C Low: 80° F/27° C

6‑12 knots

MAYAGUANA High: 88° F/31° C Low: 81° F/27° C

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

CROOKED ISLAND / ACKLINS RAGGED ISLAND High: 85° F/29° C Low: 81° F/27° C

High: 86° F/30° C Low: 81° F/27° C

GREAT INAGUA High: 87° F/31° C Low: 81° F/27° C

3‑6 knots

4‑8 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 SE at 6‑12 Knots S at 4‑8 Knots SE at 7‑14 Knots SSE at 4‑8 Knots SE at 6‑12 Knots SE at 6‑12 Knots SE at 6‑12 Knots ESE at 8‑16 Knots SE at 6‑12 Knots SSE at 4‑8 Knots SSE at 6‑12 Knots S at 6‑12 Knots SE at 6‑12 Knots ESE at 4‑8 Knots SE at 4‑8 Knots ESE at 8‑16 Knots SE at 6‑12 Knots ESE at 6‑12 Knots SE at 8‑16 Knots SE at 10‑20 Knots SE at 7‑14 Knots SSE at 6‑12 Knots S at 3‑6 Knots E at 6‑12 Knots SE at 6‑12 Knots SE at 4‑8 Knots

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

VISIBILITY 7 Miles 7 Miles 7 Miles 7 Miles 7 Miles 9 Miles 10 Miles 7 Miles 7 Miles 10 Miles 7 Miles 7 Miles 7 Miles 7 Miles 10 Miles 10 Miles 10 Miles 10 Miles 7 Miles 10 Miles 7 Miles 7 Miles 7 Miles 10 Miles 7 Miles 10 Miles

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