08022022 BUSINESS

business@tribunemedia.net

TUESDAY, AUGUST 2, 2022

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PM’s ‘intervention’ sought over 130 Gold Rock jobs

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE OPPOSITION’S leader yesterday voiced optimism that the Prime Minister’s “intervention” will prevent “a substantial blow” to Grand Bahama’s economy with up to 130 jobs threatened by the Gold Rock group’s closure.

Michael Pintard told Tribune Business that, after reaching out to Philip Davis QC over the holiday weekend, both the Government and Free National Movement (FNM) are “quite anxious” to resolve the all-out conflict that has erupted between Gold Rock’s owners, the Floridabased Del Zotto family, and the Grand Bahama Port Authority (GBPA) and its affiliates.

Besides Gold Rock, the supplier of pre-cast, block and ready mix concrete,

• Opposition chief fears ‘substantial blow’ to GB economy • Says he and Gov’t ‘quite anxious’ to resolve Port conflict • Fears ‘wrong signal’, ‘reputation damage’ if group exits the Del Zottos’ Friday announcement that they also plan to shutter the Home Design Center and Do It Center, their hardware and furniture/home stores, has sparked alarm for the Marco City MP because of the wider potential fall-out for Freeport’s Dorian and COVID-ravaged economy.

Mr Pintard warned that the Gold Rock group’s exit threatens “to send entirely the wrong signal” to both Bahamian and international investors right when there are fledgling signs that Grand Bahama’s

Contractor: Gold Rock exit is ‘good riddance’

economy may be poised for revival, with the $200m Carnival cruise port set to begin dredging within the next 60 to 90 days.

While much still hangs on closing the Grand Lucayan’s sale, and rebuilding Grand Bahama International Airport, the FNM leader said both Freeport and the wider Bahamas could suffer “reputational damage” if any conflict between a private sector entity and quasigovernmental authority such as the GBPA goes unresolved.

Pointing to the negative construction industry impact from the loss of local pre-cast concrete supply for major development and infrastructure projects, Mr Pintard said that based on his conversations with the Prime Minister it appeared Mr Davis was keen “to get involved in this matter” and would address with his Cabinet at today’s full meeting.

SEE PAGE B10

Very small’ US hike impact as national debt past $12bn

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

A GRAND Bahama contractor yesterday branded Gold Rock’s imminent exit as “good riddance” amid industry expectations that rivals will fill the concrete manufacturing void it creates “within three to six months”.

Patrick McDonald, principal of Patrick McDonald Construction Company, told Tribune Business that the company’s five-year monopoly over aggregate fill extracted from the Devonshire subdivision did not benefit the wider construction industry or consumers as he accused it of raising prices “sky high” following Hurricane Dorian.

Describing himself as a licensed contractor of 20 years’ standing, who built Freeport’s fire and police station, he told this newspaper in a statement: “I speak for many if not most in the construction sector on the island when I say good riddance to Gold Rock and the Del Zotto family...

“Gold Rock has promised to give local contractors discounts on the purchase of aggregate, only to go back on their word.

It raised prices suddenly, during difficult economic times. In general, the company has shown a lack of regard for the community of Grand Bahama.”

Referring to the Devonshire aggregate contract, which Gold Rock and its

THE MINISTRY of Finance’s top official yesterday said last week’s Federal Reserve rate hike had “a very small” impact on interest costs tied to the $2.317bn in foreign currency debt held by external investors.

SEE PAGE B9

MICHAEL PINTARD

Simon Wilson, the financial secretary, told Tribune Business that the Government had issued most of its US$ foreign currency bonds with fixed interest coupons to mitigate against the risk of rate volatility on the global markets.

He spoke after the Government’s latest quarterly public debt bulletin, issued for the three

SEE PAGE B7

Super Value chief ‘thrilled’ at Ukraine supply restart

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net SUPER Value’s principal says he is “very thrilled” that Ukraine has begun to ship grain and related products again although it will be some months before Bahamian consumers see any food price benefits.

Rupert Roberts told Tribune Business in a recent interview that Bahamian food stores typically order product some two-and-ahalf months out so it will take time before Ukraine’s supply resumption - and the fall in global wheat

prices and other staple commodities - makes its way into RUPERT ROBERTS the local food chain.

Russia and Ukraine reached a late July deal for the latter to resume grain, wheat and other agricultural exports from its Black Sea ports, supervised by Turkey and the United Nations (UN).

The hope is that the increased supply will help stabilise world food prices, with some products

SEE PAGE B8

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GBPA: ‘Nothing but spite’ drives Gold Rock closures • All-out war erupts between Port and Del Zotto family • Who say GB ‘most grossly underperforming island’ • GBPA: Deal gives ‘more equity’ for all contractors

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A FREEPORT concrete supplier’s battle with the Grand Bahama Port Authority (GBPA) yesterday escalated into an all-out war as the two sides traded accusations of “spite” and “harassment” over the former’s imminent closure.

Gold Rock Corporation and its owners, the Floridabased Del Zotto family, fired the first salvo in branding the GBPA as “the leaders of the most grossly underperforming island in The Bahamas” as they unveiled the shuttering of not just their concretemaking business but also

their Grand Bahama-based hardware store and furniture and home centre.

Blasting Freeport’s quasi-governmental authority for “blatant disregard for the growth of this island”, Gold Rock and its principals alleged that they were victims of “continued harassment” by the GBPA - without explaining why - and asserted that they would “not be cornered, pushed or strong-armed” in negotiations with its affiliates for a new aggregate supply contract.

That refers to the spark for the dispute, namely talks with the Grand Bahama Development Company (DevCO) for a

SEE PAGE B6

PAGE 2, Tuesday, August 2, 2022

THE TRIBUNE

$1M REWARD FOR PUBLIC SECTOR DIGITAL SOLUTIONS ALMOST $1m in grant funding will be distributed to Bahamians who propose the best digital solutions for boosting innovation, efficiency and service delivery within the public sector.

Wayde Watson, parliamentary secretary in the Ministry of Economic Affairs, unveiled the Digi Innovative Projects grant initiative’s launch on Friday at the Office of The Prime Minister’s media briefing. Financing for the programme has been provided under the Inter-American Development Bank (IDB) funded

‘Digital transformation to strengthen competitiveness’ project.

The committee overseeing the Digi Innovative Projects initiative includes representatives from the Government’s Digital Transformation Unit (DTU), the Small Business Development Centre (SBDC) and the Bahamas Development Bank (BDB). all of whom will provide project management and operational support.

The programme seeks to encourage, promote and reward information and communications

WAYDE WATSON, parliamentary secretary for the Ministry of Economic Affairs, unveils the Digi Innovative Projects initiative at the Prime Minister’s Office media briefing on July 29, 2022.

technology (ICT) ideas that will provide for and/ or improve the levels of innovation within the public sector. Based on the committee’s decision, close to $1m will be disbursed to the winning submissions at the initiative’s end.

To be eligible for participation, applicants must be Bahamian (those under the age of 18 must have parental consent). And there must be two (2) or more partners/contributors per project. Submissions must be ICT-based in nature and address a need in government agencies that will

positively impact government clients.

They must resolve an identified issue in at least one ministry or department by increasing efficiency, improving processes and ensuring better service delivery. An executive summary and business plan must also be included. A portal will be provided by the SBDC’s Access Accelerator through which all applications must be submitted by September 7, 2022, at 11.59pm.

Samantha Rolle, the SBDC’s executive director, said: “There is a clear

GB now targeted for bio energy workshop A WEEK-LONG workshop to educate 50 Grand Bahama students about the benefits of biofuels and bio energy is set to launch next Monday.

FEM STEM Bahamas, in a statement, said it has partnered with the Bahamas Protected Areas Fund, FTX Digital Markets, the Grand Bahama Port Authority (GBPA) and others to host a green energy workshop that is designed to build skills and encourage diversification into clean biofuels/bio energy

via biomass produced by both agriculture and nature.

The five–day workshop is aimed at high school students aged between 14 to 18 years-old with a focus on girls. The organsiers said students will be accepted on a first come, first served basis and invited them to sign up via its website www.femstembahamas. org FEM STEM Bahamas said the ‘Green waste to renewable energy’ workshop follows a similar five-week session it staged for New Providence high

school students in January 2021, which focused on raising awareness about green waste, clean fuels, renewable energies and their contribution to combating climate change.

Organisers added that participants at the upcoming Grand Bahama event will learn from scientists, farmers, agriculture specialists, environmentalists, educators and corporate executives from companies such as Grand Bahama Power Company, the Bahamas Agriculture and Industrial Corporation

(BAIC) and The University of The Bahamas. They said the workshop is also aligned with the United Nations Sustainable Development Goals (SDGs).

The Bahamas, as with many other Caribbean countries, is almost 100 percent dependent on imported fossil fuels for its energy, thereby leaving the country vulnerable to global oil price fluctuations that directly impact electricity costs. According to Economy Watch, The Bahamas spends

11.35 percent of its GDP on fuel imports.

FEM STEM Bahamas added that, based on the data, electricity generation is split between diesel, which accounts for 56.5 per cent, and heavy fuel oil producing the 43.5 percent balance.

The Bahamas’ electricity consumption totals 1,930 gigawatt hours (GWh) for the entire country.

High generation costs have led to relatively high electricity tariffs, particularly for industrial consumers. According to

opportunity for the development of a healthy ICT talent ecosystem and for the integration of more innovation in the public sector, which is ripe with the potential for more growth.”

Mr Watson urged all “Bahamian pioneers, inventors and technology entrepreneurs who may have an innovative solution that aligns with the goals of this initiative, and provides a clear path to more efficiency in the public sector, to grab this opportunity” and apply.

the BP Statistical Review of Energy 2019 report, the average person in the Bahamas consumes 4,431 kilowatt hours (kWh) per year of electricity.

The importation of fossil fuels is not only a major expense for the Bahamian economy but also negatively impacts the environment and contributes significantly to climate change. Fossil fuels produce large quantities of carbon dioxide when burned, which contributes to the global warming that has been blamed for more intense, and frequent, hurricanes.

THE TRIBUNE

Tuesday, August 2, 2022, PAGE 3

Nassau and private island among top Carnival calls CARNIVAL Cruise Line says Nassau and a Bahamian private island rank among its five most-frequented destinations since sailing resumed just over one year ago in July 2021 following the COVID-19 pandemic.

The cruise giant, in a statement, said its ships have made more than 3,000 calls at 92 individual ports, located in 36 countries,

since voyages restarted.

Mexico has been the mostvisited destination with about 800 calls, half of which have been to Cozumel, making it the cruise line’s most popular port.

After Cozumel’s 385 calls, Nassau is Carnival’s second most-popular destination with 320 visits.

Half Moon Cay, the Bahamian private island, ranks fourth with 155 ship

calls over the past year. This places it just behind Amber Cove in the Dominican Republic, which saw 159 calls, but ahead of Mahogany Bay, Roatan, with 123 calls. Carnival recently broke ground on a new $200m cruise port in Freeport, and is expected to begin dredging for the project within the next 60 to 90 days.

The cruise line, meanwhile, confirmed that Blue Lagoon is the most popular destination for its passengers while in port in Nassau, with the island frequented by more than 25,000 guests.

Carnival said it has handled some 3m passengers since cruising restarted in July 2021.

And, after recording its biggest booking week in its 50-year history this spring,

Gov’t to protect and enhance’ fisheries A CABINET minister has pledged that the Davis administration will “continue to protect and enhance” the Bahamian fisheries industry as the much-anticipated 20222023 crawfish season kicked-off yesterday.

Clay Sweeting, minister of agriculture, marine resources and Family Island affairs, in a statement pointed to the recent creation of the Bahamas Wildlife Enforcement Network (BahWEN) and continued Royal Bahamas Defence Force patrols in the southern Bahamas, around the Great Bahama Bank and Cay Sal Bank, as key elements in the Government’s ongoing fisheries enforcement efforts.

As for efforts to improve the sector’s ease of doing business, and reduce its costs, the minister said the Government has digitised the industry’s licensing and permit processes while also eliminating import tariffs

on motor parts - including for outboard motors.

“The crawfish industry is vital to the fishing sector and to many Family Islands. Therefore, we must continue to protect and enhance the industry,” Mr Sweeting said. “We recognise the importance of this industry to thousands of Bahamians throughout our archipelago including Spanish Wells, Eleuthera, Abaco, Long Island, Exuma, Andros and many others. Our Blueprint for Change provided a framework on how we can enhance and continue to protect the fishing sector.

“We, as a government, have made much progress in such a short time to continue to develop and protect the sector....... We will continue to work diligently as a government to engage the fishermen and persons invested in the industry to help create policies and initiatives to strengthen the industry.”

CLAY SWEETING

Carnival Cruise Line’s ships are now projected to reach nearly 110 percent occupancy this summer. The cruise line said its total guest count hit the 2m mark in May and it has now risen to three million in less than 75 days – an average of 95,000 guests per week “Carnival set the pace for the industry as the first major cruise line to return to full guest operations in

the US, and we continue to lead as we now have welcomed 3m guests who have enjoyed much-needed vacations,” said Carnival president Christine Duffy.

“The economic benefit to our homeports and destinations is also significant and we are looking forward to restarting cruise operations in Australia this October.”

PAGE 4, Tuesday, August 2, 2022

THE TRIBUNE

CHINESE AMBASSADOR VISITS AWARD-WINNING CORAL FARM CHINA’S ambassador to The Bahamas has toured the award-winning Coral Vita Farm as part of a three-day visit to Grand Bahama.

Dai Qingli was given an extensive tour of the coral restoration facility that recently won the prestigious ‘Earthshot Prize’ from the UK’s Prince William. The Earthshot Prize is an initiative “designed to find and grow the solutions that will repair our planet

COMMONWEALTH OF THE BAHAMAS

2022

IN THE SUPREME COURT

CLE/QUI/00732

Common Law and Equity Division

IN THE MATTER OF the Quieting Titles Act Chapter 393 Statute Law of the Commonwealth of The Bahamas AND IN THE MATTER OF ALL THAT piece parcel or lot of land containing 24,708 square feet situate on the Western side of Baillou Hill Road about 50 feet North of John Road in the Southern District of the Island of New Providence one of the Islands of the Commonwealth of The Bahamas which said piece parcel or lot of land is bounded on the NORTH partly by a Ten (10) feet wide access road and running thereon Ninety-four and Thirty-six Hundredths (94.36) feet on the SOUTHEAST by land owned by an unknown owner and running thereon Forty-three and Twenty-two Hundredths (43.22) feet on the NORTH by land owned by an unknown owner and running thereon Seventy-two and Fifty Hundredths (72.50) feet on the EAST by Baillou Hill Road and running thereon One Hundred Thirty-eight and Twenty-seven Hundredths (138.27) feet on the SOUTH partly by land running thereon Ninety-two and Sixty-eight Hundredths (92.68) feet WEST by land now or formerly the property of Merle C. Wilkinson and running thereon Forty-four and Sixty-three Hundredths (44.63) feet on the SOUTH by land now or formerly the property of Merle C. Wilkinson and running thereon One Hundred Eight and Thirty-seven Hundredths (108.37) feet and on the WEST by vacant land and running thereon One Hundred Twenty-three and Eighty-three Hundredths (123.83) feet.

AND IN THE MATTER OF THE PETITION OF THE ESTATE OF IRWIN GEORGE STUBBS, DECEASED

NOTICE OF PETITION TAKE NOTICE that by Petition filed in the Supreme Court of The Bahamas on the 13th day of May A.D. 2022 Marion Antoinette Russell, Administratrix of the Estate of Irwin George Stubbs late, of the Western District of the Island of New Providence one of the Islands of the Commonwealth of The Bahamas (hereinafter called “the Petitioner”) claimed the late Irwin George Stubbs to be the owner

in fee simple in possession of the above captioned piece parcel or lot of land and have made application to the Supreme Court of the Commonwealth of The Bahamas under Section 3 of The Quieting Titles Act, 1959 to have his title to the said piece parcel or lot of land investigated and the nature and extent thereof determined and declared in a Certificate of Title to be granted by the Court in accordance with the provisions of the said Act.

A plan of the said land may be inspected during normal office hours in the following places: 1. The Registry of The Supreme Court in the City of Nassau, The Bahamas; and 2. Whiteleaf Law Chambers, 83 Dowdeswell Street in the City of Nassau, The Bahamas, Attorneys for the Petitioner.

TAKE NOTICE that any person having dower or right of dower or any adverse claim or a claim not recognized in the Petition must on or before the expiry of Thirty (30) days following final publication of this notice file in the Supreme Court and serve on the Petitioner and the undersigned a Statement of his Claim in the prescribed form, verified by an Affidavit to be filed therewith together with a plan of the area claimed and an abstract of title to the said area claimed by him.

Failure of any such person to file and serve a Statement of his Claim on or before the Thirtieth (30th) day following final publication of this notice will operate as a bar to such claim.

Dated this 2nd day of August A.D. 2022 Whiteleaf Law Chambers 83 Dowdeswell Street Nassau, The Bahamas Attorneys for the Petitioner (A. 2, 12, 22)

this decade. We face our greatest challenge to regenerate the place we all call home in the next ten years”.

Coral Vita aims to protect endangered marine ecosystems by growing diverse, resilient corals and then outplanting them into reefs that are degraded, thereby helping to restore them.

Presentations were given

by Dr Katey Lesneski, director of restoration science; Alannah Vellacott, coral restoration specialist;

and Samantha Rose, coral technician.

The Chinese ambassador also met Ginger Moxey, minister of Grand Bahama, and on Friday was given a tour of various areas on Grand Bahama, especially those being repaired due to Hurricane Dorian. Immediately following the tour of Coral Vita, she visited the Grand Bahama Children’s Home before returning to Nassau.

Photos:Andrew Miller/BIS

THE TRIBUNE

Tuesday, August 2, 2022, PAGE 5

Happy investors, angry consumers

By Chris ILLING Business Developer ActivTrades Corp

W

hile the population is carrying the burden of high electricity and gas prices, energy companies are reporting record profits and making their investors happy.

The high energy prices ensure enormous profits for oil and gas companies. The UK-based Shell (RDSA. UK) group reported their second record profit in a

row for the spring quarter on Thursday. With a $11.5bn surplus in the months of April to June, profits were again higher than the $9.1bn in the previous quarter.

Shell spoke of “extraordinarily strong” earnings. The

group had produced a little less oil than before. However, the sharp rise in prices since the Ukraine war has boosted sales and profits.

Shell’s stock market value has risen by more than 25 percent since the beginning

NOTICE

The Public is advised that the Environmental Impact Assessment and Environmental Management Plan for Great Stirrup, Bahamas was filed with the Department of Environmental Planning and Protection (DEPP) by Norwegian Cruise Line Holdings Limited (NCLH).

A public meeting will be held on August 9th, 2022 at 6p.m at the Great Harbour Cay, Berry Islands, Community Center.

Persons may also attend virtually by accessing the meeting ID https://us06web.zoom.us/j/85051250647.

Information about the project and a downloadable version of the document is available online until September 7th, 2022 at https://ccshort.com/NCL-GSC-EIA and the hardcopies may be accessed at the local Administrators Office.

All inquiries can be submitted to the Director of the Department of Environmental Planning and Protection at Inquiries@depp.gov.bs and submitted to Norwegian Cruise Line Holdings Limited (NCLH) at gscpubliccomments@ nclcorp.com

Deputy Park Warden Bahamas National Trust New Providence, Bahamas

The Bahamas National Trust (BNT) seeks to engage a Deputy Park Warden who will be responsible for Park enforcement, surveillance, species, and habitat monitoring.

Responsibilities: • Support and carry out the mission of the BNT • Conduct patrols in the National Park • Enforce Park regulations • Ensure the safety and well-being of all park visitors • Use of technology in enforcement and surveillance of the park • Manage the natural resources of the park • Assist with scientific research and data collection in the park Required Skills & Qualifications: • High School Diploma with at least 5 BGCSEs (“C” grades and above) • A strong swimmer who is comfortable with using snorkel gear • Proficient with Microsoft Word, Excel, and PowerPoint • Strong verbal and written communication skills • Valid Driver’s Licence • Able to drive standard shift is a plus Please visit bnt.bs/get-involved/join-the-team/ to apply by 5:00 PM on August 5th, 2022.

of the year. It is currently around $190bn.

Its Italian competitor, Eni (ENI.IT), is also benefiting from the increased prices.

Despite a slight drop in production, the oil company’s adjusted net profit rose to 3.8bn Euros between April and June. That was more than four times as much as a year ago, the company announced on Friday.

French competitor Totalenergies (FP.FR), with a market value of $130bn, is now the third most valuable French company behind luxury and consumer goods giants LVMH and L’Oréal.

In the spring quarter, the company generated a net profit of 5.7bn euros.

In addition to the high price of oil, Totalenergies benefits from the fact it has been active in the liquid gas business for years. This is more in demand than ever. The group now wants its investors to share in its success with a special dividend of 69 cents per share.

In Germany, the energy giant RWE (RWE.DE) stands out with brilliant dealmaking. The net results of the Essen-based group almost doubled in the first half of the year, which

is why the outlook for 2022 was raised unusually sharply. Michael Müller, its chief financial officer, has already announced that the forecast will be raised for the coming year. One driver is global energy trading.

At the same time, the RWE power plants in Germany and the foreign markets are running at full speed thanks to the high demand for electricity.

The gas-fired power plants made extraordinarily good profits, while RWE also benefited from better wind conditions than in the previous year at its onshore and offshore wind farms.

Electricity generation in the remaining nuclear power plant is also at a high level.

But, while shareholders rejoice in higher profits, the populace groans at the burden of soaring energy bills. The average regulated household bill in the UK, for example, jumped from around £1,300 to nearly £2,000 for gas and electricity in April. According to the latest forecasts, households could end up paying well over £3,000 next winter. Both Conservative candidates to succeed outgoing prime minister,

Boris Johnson, have now announced tax cuts in a bid to lower consumer bills.

The British government also wants to skim off excess profits from energy companies. As early as June, the government implemented a “windfall tax” that oil and gas suppliers must pay.

In France, the government urged the energy giants to give a price reduction at the pump, in addition to the state fuel rebate of soon 30 cents per litre of fuel. In Germany, the government introduced a fuel discount, and the energy tax is temporarily reduced.

While the savvy investor benefits, the general population must prepare for an expensive winter.

PAGE 6, Tuesday, August 2, 2022

THE TRIBUNE

GBPA: ‘Nothing but spite’ drives Gold Rock closures FROM PAGE B1 new agreement over Gold Rock’s access to aggregate/ fill in its Devonshire subdivision that was critical for its ready mix, block and pre-cast concrete products.

DevCO, though, has argued that Gold Rock’s continued monopoly over this source cannot be justified because it had under-performed the previous contract by not taking the stipulated tonnage.

And the GBPA, whose Port Group Ltd affiliate holds a 50 percent ownership interest in DevCo, yesterday launched a counter-offensive against what it branded as “false” and “salacious” statements by the Del Zottos, who it accused of “mud slinging” and failing to give “the real facts”.

Freeport’s quasi-governmental authority, which is owned 50/50 by the Hayward and St George families, again sought to distance itself from the aggregate negotiations involving DevCO, whose other shareholder is Hutchison Whampoa, which has Board and management control.

However, its statement tacitly admitted its standing with the Grand Bahama public is low, arguing that Gold Rock and the Del Zottos were “hoping to take advantage of what they believe to be an unfavourable public sentiment against the GBPA” by directing their fire against it and thus distracting from the DevCo talks.

The GBPA, though, accused the Del Zottos of being “motivated by

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, Richitrell Agaro of Centreville, New Providence, Bahamas, intend to change my child’s name from TIAR DAJA AGARO to T’IAR DAJA GIBSON. 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, New Providence, Bahamas no later than thirty (30) days after the date of publication of this notice.

nothing but spite” in deciding to close the Home Design Centre and Do It Centre as well, and thereby exiting all their Freeport investments, even though these two entities were not impacted by the aggregate supply talks. It added that the move “will cost yet more hardworking families their livelihoods and further shrink the options available to consumers in a struggling economy”.

Gold Rock’s owners, though, show no signs of backing down and have already moved to make good on their threatened Freeport exit. Immediately upon Friday’s closure announcement, a Home Design Centre advertisement was promoting a “30 percent off” storewide sale with effect from Saturday on all appliances, housewares, rugs, bedding and other decor accessories, describing this as a “clearance sale; everything must go” with “all sales final”.

The concrete supplier, which took the DevCO dispute public on June 29 by warning it would close its concrete block and ready mix division unless a new aggregate deal could be reached on acceptable terms, clearly waited one month to see if things would change in its favour.

Employment Opportunity Senior Program Director Offshore Private Bank seeks qualified candidates to fill the position of Senior Program Director for a Charitable Trust of which the Bank is the Trustee.

The Organization: Templeton Religion Trust ("TRT") is a globally-active charitable entity

established in The Bahamas by Sir John Templeton in 1984, and operational since 2012. TRT supports research and public engagement projects (storytelling) advancing its mission to enrich the conversation about religion through (i) increasing the quality and extent of the engagement between the sciences and theology, (ii) promoting constructive engagement between persons and traditions representing diverse points of view (pluralism), and (iii) supporting individual freedom, free enterprise, and character development. Through its grantmaking and dissemination efforts in support of interdisciplinary projects at the intersection of the sciences, theology, and philosophy, TRT seeks to improve the well-being of individuals and societies through spiritual growth and the discovery and progressive understanding of spiritual realities and spiritual information.

Position Summary: Reporting to the Chief Grants Officer (CGO), the Senior Program Director plays a key role in developing and maintaining the grant programs of the Templeton Religion Trust. The scope of the Trust's work is global, with an emphasis on attracting talented project leaders to its strategic initiatives and grant programs.

The Senior Program Director leads a team responsible for managing the full life-cycle of the grantmaking process for those proposals and grant programs that fall within his or her particular sphere of responsibility within the Trust's overall portfolio of grants and programs. The Trust's grantmaking is relational or proactive rather than via open submission. The grant-making life­ cycle begins with the cultivation of proposals based on personal contact with prospective applicants, in most cases within approved strategic plans and initiatives, and proceeds through review, decisioning by the Trustee, monitoring the performance of successful proposals, and closeout, including outcomes/impact assessments of closed grants to inform future programs.

During the life-cycle of a grant-funded project, the Senior Program Director leads the team managing the Trust's relationship with the grantee, including oversight of all official communications (including public engagement) pertaining to the grant. Along with the CGO, the Senior Program Director plays a key role in the growth and development of the organization, with respect to staffing and structure as well as TRT's overall strategic priorities. S/he also has an enhanced role with respect to the communication of TRT's strategic priorities to the wider public (including but not limited to prospective grantees).

Primary Areas of Responsibility

Manage the life-cycle of the grantmaking process, including the Trust's relationship with project leaders and grantee organizations, for all grants and programs that fall within his or her sphere of responsibility within the Trust's portfolio.

Develop new ideas for program strategies and initiatives, key projects, and funding competitions, draft descriptions of same, and manage implementation in close collaboration with the CGO and other program and administrative staff.

Communicate the Trust's fundamental mandates (donor intent) and strategic priorities (specific to TRT at any given point in time) internally and externally.

Participate in all aspects of the grant proposal submission and review process, including proposal referrals to and from other Templeton sibling organizations (that is, the John Templeton Foundation and Templeton World Charity Foundation).

Secondary Areas of Responsibility

Develop special projects in collaboration with the CGO. Evaluate the performance of grants and grantees within his or her sphere of responsibility.

Participate in professional development opportunities.

Criteria & Relevant Skills

PhD preferred in either (i) philosophy, theology or religious studies, (ii) the psychological, cognitive, or social sciences, or (iii) international relations/development. Masters degree will also be considered from exceptional candidates with strong professional experience.

Eight or more years of professional experience in a high-performing, fast-paced, and team­ oriented setting. Experience both inside and outside the academy would be relevant.

Significant experience with strategic and/or organizational planning.

Familiarity with grantmaking processes (either as a grant maker or grant seeker) Experience managing multiple, complex projects simultaneously.

Strong interpersonal communication skills.

Demonstrated experience with time management and cost budgeting.

Capacity to work effectively across academic disciplines.

Strong analytical and problem-solving skills, with attention to detail.

Experience with writing and editing technical material.

Proven capacity to work with scholars and project leaders in a wide range of academic and non­ academic settings, as well as within a small but diverse office setting.

Skill with developing relationships as well as building and sustaining professional networks.

Ability to travel on a regular basis (approximately 20%).

Strong personal interest in and enthusiasm for the Trust's mission and strategic priorities.

Adaptive and flexible work ethic appropriate to a dynamic, growing organization.

A humble spirit and desire to work for the benefit of others.

Interested candidates wishing to learn more should visit templetonreligiontrust.org.

Competitive salary & benefits package are commensurate with experience.

Qualified candidates only should submit CVs via email to: Manager, Human Resources at hr@ftbbahamas.com on or before August 12, 2022.

When this did not occur, it launched Friday’s savage, full-frontal assault on the GBPA. “The decision to withdraw our investment in its entirety comes from years of witnessing the blatant disregard for the growth of this island by the GBPA,” Gold Rock and the Del Zottos blasted. “Our operations have never ran to their fullest production capability because of the economic decline and stagnation that Freeport has been forced to endure.

“That is not to say we have not prospered. We have reinvested every dollar back into these operations with the hope of the island reaching its true potential, and to match the rest of The Bahamas’ growing economy. We see this through infrastructure products we sell to the Family Islands.

Sadly, Grand Bahama’s youthful and ambitious leave to find careers elsewhere because of the perpetual wilting economy.

“Gold Rock will no longer contribute under the jurisdiction of the ‘Pink Building’ after the way we have been treated and disregarded. We have no confidence in continuing our 30-year investment. We are not alone; many large companies before us have left for these same reasons.”

Touching briefly on the DevCO aggregate supply dispute, Gold Rock said the assertion that it could purchase the necessary fill from alternative sources would “force” it to raise prices for its concrete products - implying it would make them uncompetitive against foreign imports. Tribune Business understands that the Devonshire subdivision is a relatively short journey from its headquarters, thus helping to minimise trucking costs.

Arguing that they were not simply employing hardball negotiating tactics, Gold Rock and the Del Zottos added: “It is us refusing to pander to the constant hurt inflicted on Grand Bahamians by the GBPA... It is just one of many examples as to why this island cannot prosper... After continued harassment by GBPA and careful thoughts, we as a family (employees included) have taken a position that we will not tolerate it.”

Throwing DevCO’s accusations that it had been guilty of “gross underperformance” on the previous aggregate deal back at the GBPA, Gold Rock and the Del Zottos asserted that this had come from “the leaders of the most grossly underperforming island in The Bahamas”.

They added: “Look at the airport. Look at the abandoned hotels and buildings everywhere. Look at the roads. Look at the condition of the development of this city. Naturally, they will say this is out of their control as it is their signature to deflect and deny.”

Branding Grand Bahama as “a decaying island” headed by “unelected leaders and their appointed under-qualified affiliates”, Gold Rock and the Del Zottos continued: “A business degree cannot teach you not to attempt to strong-arm a company that started from a 12-foot by 16-foot garage. We will not be cornered or pushed.

“They [GBPA owners and management executives] have put more effort into saving themselves the humiliation of situations they created instead of ensuring the growth of this island. Sadly, the bridge Edward St George built when he invited us here 30 years ago in saying ‘I need a pre-cast manufacturer on this island’ has been burned... Yet another hurdle for Freeport that may have been solved with a five-minute conversation if they cared enough to have it.”

Arguing that the GBPA’s response would likely be filled with “pandering, deflecting and lack of accountability”, Gold Rock and the Del Zottos said: “We truly believe until something is done about the GBPA, the island will endure a perpetual state of decay, as it has for almost the last 18 years.”

Freeport businesspersons and residents, speaking privately to Tribune Business in the wake of Gold Rock’s statement, said they agreed with many of the sentiments voiced regarding the GBPA and the city’s stagnation/decay. However, some argued that the Del Zottos were not the best persons to be delivering that message, one Grand Bahama contractor saying their departure was a case of “good bye and good riddance” as far as he was concerned (see article Page 1B).

The GBPA, meanwhile, hit back yesterday over what it described as “false, salacious and purposefully sensationalised statements meant only to engage in mudslinging, which benefits no one”. Saying that its “hearts go out” to Gold Rock’s employees, and their families, over their imminent job losses, Freeport’s quasi-governmental authority added that the business closures were “unnecessary”.

Its statement argued that DevCO was justified in seeking new terms for the Devonshire aggregate agreement because Gold Rock, in failing to mine and extract the agreed upon tonnage even before Hurricane Dorian and COVID, was preventing rival Bahamian contractors from accessing the same fill due to the five-year exclusivity or monopoly it was granted from 2017.

Implying that this was unfair, the GBPA said DevCO wanted to “right size” the deal such that Gold Rock would still have access to the same level of aggregate it previously mined, and thus be able to

sustain its operations, but give up its exclusivity to let other contractors have access.

“DevCO’s new contract was seeking to do two things: Provide the Del Zotto family with exactly what they have been using to run their operations so they would not be disadvantaged, and free up unused resources so that prospective investors, including local Bahamians, would not continue to be disenfranchised and would have the same entrepreneurial opportunity as the Del Zottos of Florida,” the GBPA said.

“Contractors, the construction sector and the wider community in Grand Bahama are well aware of the above and may have raised the issue of a more equitable arrangement under the circumstances.

This is exactly what DevCO sought to provide. That the Del Zotto family does not appear to share this perspective says more at the end of the day about their attitude to Grand Bahama than it does DevCO or the GBPA. “Regardless of their stance on the mining contract, there is no need to shut down the other businesses in Freeport, including a much-needed hardware store and furniture and home centre, which were totally unaffected by the Gold Rock negotiations. This move, seemingly motivated by nothing but spite, will cost yet more hardworking families their livelihoods and further shrink the options available to consumers in a struggling economy.”

The relationship the Del Zottos and Gold Rock once enjoyed with the GBPA has soured considerably since 2016, when the latter selected them as its joint venture partner in the Freeport Light Industrial Park (FLIP) project - a development that did not proceed.

It is understood that the GBPA was to provide the financing for the venture, while Gold Rock would source company tenants for FLIP, but the reasons for its fate have never been disclosed.

Jamaal Gomez, Gold Rock’s general manager, could not be reached for comment before the Emancipation Day holiday weekend despite Tribune Business leaving a phone message. Ian Rolle, the GBPA’s president, too, did not return this newspaper’s call despite a detailed message being left about Gold Rock’s statement, which by then was already widely circulating on social media and in Bahamian What’s App chat groups.

The GBPA, though, accused Gold Rock of deliberately trying to conflate it with DevCO and make it seem as if the two are “interchangeable”. It added: “They are hoping to take advantage of what they believe to be an unfavourable public sentiment against the GBPA.”

THE TRIBUNE

Tuesday, August 2, 2022, PAGE 7

Very small’ US hike impact as national debt past $12bn FROM PAGE B1 months to end-June, further exposed the task the Davis administration and Rothschild & Co, its newlyappointed advisors, face in addressing a growing debt burden that has now breached the $12bn mark.

“Debt of the public sector [central government and agencies and government business enterprises (GBEs)] aggregated an estimated $12.131bn at end-June 2022. This represented a quarterly accretion of $287.8m (2.4 percent) since end-March 2022, and an annual gain of $829m (7.3 percent) relative to end-June 2021,” the report said.

“Foreign currency debt amounted to $5.603bn or 46.2 percent of the debt stock at end-June 2022, compared to a lesser 45.2 percent at end-March 2022 and 45 percent a year earlier. Bahamian Dollar indebtedness at $6.528bn constituted 53.8 percent of the total, which was below the proportions at endMarch 2022 and end-June 2021, of 54.8 percent and 55 percent, respectively.

“Annual growth in debt outstanding was entirely associated with a $857.5m boost in the central Government’s indebtedness, as debt of the agencies and GBEs registered a net repayment of $28.4m.”

Meanwhile, the US central bank’s 75 basis point rate increase drove shortterm interest rates to a

range between 2.25 percent and 2.5 percent, increasing all countries’ US dollar debt servicing costs where rates are variable and tied to the Federal Reserve benchmark.

The Bahamian government’s debt report showed that, of the $5.937bn in external foreign currency debt at end-June 2022, some 39.6 percent or $2.137bn carried variable interest rates that could potentially be impacted by the Federal Reserve’s action.

“Reflecting the Government’s recent borrowing activities, the share of fixed interest rate external credit facilities was higher [sic lower] at 60.4 percent at end-June 2022 from 62.4 percent at end-June 2021. The comparative firming in the share of variable interest rate debt, to 39.6 percent at end-June 2022 from 37.6 percent at end-June 2021, reflected the variable terms secured on new central government borrowing,” the report said.

“At end-June 2022, approximately 60.1 percent of the aggregate public sector indebtedness was contracted at fixed rates, and the remaining 39.9 percent at variable rates, with these relative proportions observed for both the external and domestic debt. This outcome compares with the year-earlier positions for fixed and variable rates obligations of 58.5 percent and 41.5 percent respectively.”

Mr Wilson, meanwhile, said the Government had

SIMON WILSON decided to avoid the international foreign currency bond markets entirely this 2022-2023 fiscal year prior to the Federal Reserve starting its rate hikes. “The decision was made before that,” he affirmed. “Our bonds are trading, and all emerging market bonds are trading, at very high yields.

It’s a very difficult environment for any emerging market; that’s why.”

The Government has to either repay or refinance around $700m in foreign currency bonds held by international investors during the 2023-2024 fiscal year, but Mr Wilson said the Davis administration is “very confident” this can be accomplished as it is spread “over fiscal years” and not one.

However, the demand for short-term paper, and the

risk aversion to the Government’s long-term debt securities, means the Government has to refinance more than $2bn of domestic debt coming due for repayment in 2022-2023 after it was largely only able to roll this over for one year.

“The debt redemption profile for fiscal year 2022-2023 includes the reissuances of Treasury bills ($883.4m),

Treasury notes ($100.5m) and Central Bank advances ($205m). Spikes in fiscal year 2023-2024 and fiscal year 2028-2029 external payments reflect central Government bond maturities, as is the case with positions in fiscal year 20272028 and fiscal year 2029-2030 through fiscal year 2031-2032,” the public sector debt bulletin said.

“The Government intends to smooth out these spikes through appropriate liability management initiatives. Domestic maturities are also driven by the domestic bond issuances of central Government..... An average 21.44 percent of the portfolio was coming due in one year, given the impact of the short-term nature of Treasury bills and notes which extended the percentage of the domestic debt maturing in one year to a high of 32.64 percent.

“By comparison, external debt due to mature within one year moved higher to 8.45 percent of the total from 4.71 percent a year earlier.”

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PAGE 8, Tuesday, August 2, 2022

THE TRIBUNE

Super Value chief ‘thrilled’ at Ukraine supply restart FROM PAGE B1 increasing by up to 50 percent in The Bahamas since supply issues emerged, while fighting off malnutrition, hunger and starvation in developing countries.

“I was very thrilled. That will be a big roll-out. Where that grain goes, it’s going to free up the world market and impact the prices for us.

It’s really good news. I hope more of it happens,” Mr Roberts told Tribune Business. “That’s really a drop in the bucket of what Ukraine and Russia have to export and, of course, the rest of the world needs them to grow again and everything else. So it’s really good news. I was surprised when

they made the agreement, but it’s good news.

“Those are two big volume items; grain and flour, and related products and cooking oil. They’re big volume items, so if they come down it will be a great help to the budget. Let’s take cooking oil. Cooking oil in some cases doubled, in some cases tripled. But we had almost a year’s supply.

We had at least ten months of cooking oil, which we didn’t buy at full price.”

Wheat commodity prices, which peaked at $13 after Russia’s Ukraine invasion began, on Friday were reported by the New York Times to be trading back at $8 per bushel following the two countries’ deal - a level not far from the $7.70 per

bushel that prevailed immediately prior to hostilities.

Mr Roberts, while agreeing that “many, many items related to grain” will see their prices come under pressure, added that it may still be some months before Bahamian consumers feel the relief in their food budgets. “Anything we order now is not going to come in for two-anda-half months,” he told this newspaper. “They’re going to price two-anda-half months from now.

Whatever prevails two-anda-half months from now we’ll get it. They’ll price it accordingly.”

Philip Beneby, the Retail Grocers Association’s president, said: “There’s some griping here and there

about food prices, but everybody understands this is a worldwide phenomenon that we’re going through and The Bahamas is no exception. What can you do? The only thing you can do is govern yourself and buy what you need and, what you don’t need, you don’t buy.”

Adding that it was impossible to predict when global food prices will ease, he

added: “You cannot put any gauge or timeline on it at this time. We’re still dealing with COVID. We just have to hope for the best.

We are an importing nation; that’s where we are. Even that [the Russia-Ukraine deal] will take some time to trickle down because you’re dealing with existing inventory.

“We have to exhaust existing inventory. Without

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a doubt there have been price changes and all of the changes are trending upwards. There has been some tremendous increases in terms of some cooking oils and other by-products and the like.

Some of the areas I can recall have increased by as much as 50 percent just like the price of fuel has been increasing.”

THE TRIBUNE

CONTRACTOR: GOLD ROCK EXIT IS ‘GOOD RIDDANCE’ FROM PAGE B1 owners, the Florida-headquartered Del Zottos have cited as the spark that has triggered their pull-out, Mr McDonald added: “Gold Rock had a monopoly on materials within the designated area, effectively stopping anyone from mining there, even though they failed to actually mine the quota agreed on.

Apparently the attitude is if Gold Rock can’t mine it, no one will.

“I believe that their decision to leave Grand Bahama and abandon their workforce, while difficult on those families affected, could result in the long run in a brighter future for the construction sector with more fair-minded investors and local companies allowed to take part in mining and the sale of aggregate.”

Gold Rock’s announcement that it is closing down not only its concrete manufacturing business, but hardware and furniture and accessories stores, the Do It Center and Home Design Center, was yesterday said by Michael Pintard, the Opposition’s leader, to have put some 130 total jobs in jeopardy.

The spark that triggered the conflict appears to have been Gold Rock’s negotiations with the Grand Bahama Development Company (DevCO) over access to aggregate/fill in the latter’s Devonshire subdivision for its ready mix, block and pre-cast concrete products. DevCO, though, has argued that Gold Rock’s continued monopoly over this source cannot be justified because it had under-performed the previous contract by not taking the stipulated tonnage.

Unable to make headway over the terms they want, Gold Rock and the Del Zottos branded the GBPA as “the leaders of the most grossly underperforming island in The Bahamas” as they unveiled the shuttering

of not just their concretemaking business but also their Grand Bahama-based hardware store and furniture and home centre.

The GBPA, though, said DevCO wanted to “right size” the deal such that Gold Rock would still have access to the same level of aggregate it previously mined, and be able to sustain its operations, but give up its exclusivity to let other Bahamian contractors have access to the same fill and thus create a “more equitable” arrangement for all industry players.

Arguing that the Home Design Center and Do It Center closures are “unnecessary”, because they are not impacted by the aggregate talks, the GBPA said: “This move, seemingly motivated by nothing but spite, will cost yet more hardworking families their livelihoods and further shrink the options available to consumers in a struggling economy.”

Mr McDonald, in response to the Del Zottos’ attack on the GBPA, said: “It is easy to throw insults and accusations over your shoulder while you are running out the door.” In a subsequent interview with Tribune Business, he explained: “My thing with them is that they’ve been here and controlled the monopoly of that aggregate for quite some time.

“After Dorian, Freeport Aggregate, which was also a provider of concrete, was devastated.” This, Mr McDonald argued, gave Gold Rock an effective monopoly on concrete supply in Freeport and “prices went sky high for no reason” in Dorian’s aftermath, with ready mix increasing from $180 per cubic yard to $236 per cubic yard.

“They have not been good corporate citizens,” he asserted, adding that he was still waiting to receive the 10 percent discount promised to him by Gold Rock on

LEGAL NOTICE

NOTICE

INTERNATIONAL VALUE INVESTMENT FUND LTD. NOTICE IS HEREBY GIVEN as follows: (a) International Value Investment Fund Ltd. is in dissolution under the provisions of the International Business Companies Act, 2000 (b) The dissolution of the said Company commenced on the 28th day of July, 2022 when its Notice of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said Company is Shareece Scott of Deltec Bank & Trust Ltd., Deltec House, Lyford Cay, P.O. Box N-3229, Nassau, Bahamas.

__Shareece Scott_ Liquidator LEGAL NOTICE

NOTICE

DELCHAIN ABSOLUTE RETURN FUND LTD NOTICE IS HEREBY GIVEN as follows: (a) Delchain Absolute Return Fund Ltd. is in dissolution under the provisions of the International Business Companies Act, 2000 (b) The dissolution of the said Company commenced on the 25th day of February, 2022 when its Notice of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said Company is Shareece Scott of Deltec Bank & Trust Ltd., Deltec House, Lyford Cay, P.O. Box N-3229, Nassau, Bahamas.

__Shareece Scott_ Liquidator

Tuesday, August 2, 2022, PAGE 9 future purchases in return for giving it the exclusive contract to supply concrete blocks and other products for his multi-million dollar police fire station. “Good bye and good riddance.”

Admitting that he has crossed swords with Gold Rock and the Del Zottos in the past, and has a defamation claim that remains live against the company before the Supreme Court, Mr McDonald said he was now worried whether their exit means he will have no assets to claim against should he prevail.

Now working on AML Foods’ new $3.5m Solomon’s store in downtown Freeport, the contractor said Bahamas Hot Mix will fill the ready mix concrete supply void left by Gold Rock. Block supply, though, may be more difficult. Mr McDonald said contractors would have to use substitutes, and he plans to initiate conversations with Nassau manufacturers to see if they can supply the Freeport market in the interim.

“The other way around it, there has to be a coming together of the Grand Bahama contractors. Why is that necessary? We are buying what every contractor uses. Would it not be a sound thing to put up a block plant ourselves, build the sector a new block plant to fill the void, be shareholders and buy from ourselves?” Mr McDonald asked.

Leonard Sands, the Bahamian Contractors Association’s (BCA) president, told Tribune Business

he would be surprised if no major Bahamian contractor sought to immediately acquire the concrete block and manufacturing plant assets from Gold Rock given the demand that government infrastructure and private sector development

projects create for its products.

“I would be surprised if one of the major contractors and current users of that product did not offer to buy out that business and take over that service, if not for themselves but also to offer it to the wider

contractor community,” he said. “I would be surprised if major players in the market who use that product don’t get the financing in place and take over that plant. I’d be surprised if it didn’t happen in the next three to six months.”

PAGE 10, Tuesday, August 2, 2022

THE TRIBUNE

PM’s ‘intervention’ sought over 130 Gold Rock jobs FROM PAGE B1 “I’ve had a chance to have discussions with the Prime Minister, and made an undertaking to be as helpful as possible,” the Opposition leader told Tribune Business. “We’ve had quite fruitful discussions in the last two days.

I reached out to the Prime Minister, and he was very anxious to get involved in this matter.

“He is having discussions this coming week, as early as tomorrow, with his [Cabinet] colleagues to see what emergency steps he can take to intervene in this matter.... We are encouraging all parties to work towards finding common ground so we have a continued presence of those businesses, which will be of benefit to the island’s recovery and the growth and development of the island.

“I’ve had a chance to have discussions with the GBPA as well as with the principals of Gold Rock and the Prime Minister. I think this week we should see some movement, and

hopefully it will be favourable. We’re quite anxious, both the Government and the Opposition, to see this matter resolved.”

Tribune Business sought to obtain the Prime Minister’s and the Government’s official position on the Gold Rock situation but was unable to do so before press time last night. Clint Watson, Mr Davis’ press secretary, said in response to this newspaper’s inquiries that he would seek to find out but no reply was received.

A successful intervention by the Government could also be extremely difficult to achieve given that relations between Gold Rock and the GBPA, plus its Grand Bahama Development Company (DevCO) affiliate, appeared to have completely broken down with little prospect of reconciliation given the hostility exhibited to each other in their respective statements.

The spark that triggered the conflict appears to have been Gold Rock’s negotiations with DevCO over access to aggregate/fill in

the latter’s Devonshire subdivision that was critical for its ready mix, block and pre-cast concrete products.

DevCO, though, has argued that Gold Rock’s continued monopoly over this source cannot be justified because it had under-performed the previous contract by not taking the stipulated tonnage.

Unable to make headway over the terms they want, Gold Rock and the Del Zottos branded the GBPA as “the leaders of the most grossly underperforming island in The Bahamas” as they unveiled the shuttering of not just their concretemaking business but also their Grand Bahama-based hardware store and furniture and home centre.

The GBPA, though, said DevCO wanted to “right size” the deal such that Gold Rock would still have access to the same level of aggregate it previously mined, and be able to sustain its operations, but give up its exclusivity to let other Bahamian contractors have access to the same fill and thus create a “more

equitable” arrangement for all industry players.

Arguing that the Home Design Center and Do It Center closures are “unnecessary”, because they are not impacted by the aggregate talks, the GBPA said: “This move, seemingly motivated by nothing but spite, will cost yet more hardworking families their livelihoods and further shrink the options available to consumers in a struggling economy.”

Mr Pintard yesterday told Tribune Business that the dispute has wider ramifications beyond just the Gold Rock group and its employees. Affirming that he is “extremely concerned”, he said: “That company has approximately 130 employees. That would be a substantial blow to more than 100 families on the island. That is a tremendous concern.

“Apart from the direct impact on those families, it’s going to have a tremendous impact outside with businesses that those families support through their income. Second, and

very important, it sends entirely the wrong signal to the local and international community to have a group of companies under one umbrella close.

“It’s the wrong signal about the viability of businesses in this market. If there are conflicts that cannot be resolved in this market, whether with municipal or national government, it increases the possibility of reputational damage as well. In a variety of ways this is bad news.”

Mr Pintard also voiced fears that the loss of Gold Rock’s locally-based concrete manufacturing business will worsen already-strained supply chains for Bahamian contractors, reducing efficiency and increasing costs by delaying the arrival of critical components for infrastructure projects such as pre-cast culverts and drainage tunnels.

“The services and products they provide are very

diverse,” he added of Gold Rock. “They operate in some very distinct sectors of the island-wide economy.

They would have a direct impact on the supply chain for a number of critical products, which are crucial given the fact there are already global supply chain issues that have slowed the progress of any number of projects.

“Now you add to that this company, a supplier of blocks, which impacts local construction. This is a group that would do a lot of work with projects expected to come on stream, which has a potential impact on things like the Carnival cruise port and the medical facility that is being constructed. They provide concrete structures for a variety of businesses, including septic tanks. The impact on supply chain issues and ongoing infrastructure projects is quite significant.”

NOTICE

NOTICE is hereby given that FELIX ALMONTE NUÑEZ of P.O. Box CB-13030, Gibbs Lane, 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 2nd day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that PABLO ALMONTE NUÑEZ of P.O. Box CB-13030, Eden Street, 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 twentyeight days from the 2nd day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that ISIDRO MARTINEZ DIAZ of P.O. Box CB-13030, Gibbs Lane, 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 2nd day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that JESENE CHENIQUA BAROCHIN of Cooper’s Terrace, Kemp 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 26th day of July, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that CASIMIRO MARTINEZ of P.O. Box CB-13030, Gibbs Lane, 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 2nd day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

THE TRIBUNE

Tuesday, August 2, 2022, PAGE 21

CROSSWORD PUZZLE

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, Janice Smith of West Bay Street, New Providence, Bahamas, legal guardian of JOSHUA JOHN FARAH SMITH intend to change the child’s name to JOSHUA JOHN FARAH PIETROBON. 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, New Providence, Bahamas no later than thirty (30) days after the date of publication of this notice.

Monday, August 1, 2022

NOTICE

NOTICE is hereby given that MAXIMO ESCOBOZA DIAZ of P.O. Box CB-13030, Eden Street, 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 twentyeight days from the 2nd day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that BONIKA PIERRE of Nassau Village, Hope Gardens #16, 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 26th day of July, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that JOSE ENRIQUE ALMONTE NUÑEZ of P.O. Box CB-13030, Eden Street, 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 twentyeight days from the 2nd day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that RONEL GARY of Cemetery Road, 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 twenty-eight days from the 2nd day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that SUZE DALBERIS of Joe Farrington 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 25th day of July, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that KAYLA JOACHIN of Faith Avenue north, 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, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

MARKET REPORT www.bisxbahamas.com

FRIDAY, 29 JULY 2022

BISX ALL SHARE INDEX: BISX LISTED & TRADED SECURITIES 52WK HI 6.70 53.00 2.47 2.61 2.60 6.20 10.05 4.15 10.00 3.65 8.25 17.50 2.65 10.75 11.25 10.85 18.10 4.00 11.00 16.50

52WK LOW 5.30 33.80 1.60 2.20 1.30 5.75 6.96 2.82 5.40 2.27 5.95 9.80 1.99 7.75 10.02 10.00 13.10 3.50 8.20 15.50

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

PREFERENCE SHARES 1.00

1.00

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1000.00 1000.00

1.00 10.00 1.00

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

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

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CHANGE

%CHANGE

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2605.36

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1.28

377.12

16.92

SYMBOL AML APD BBL BFH BOB BPF BWL CAB CBB CBL CHL CIB CWCB DHS EMAB FAM FBB FCL FIN JSJ BFHP CAB6 CAB9 CHLA FBBA FCLB SYMBOL FBB22 BFHB

BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.10 100.57 100.43 100.43 100.34 100.23 100.00 100.00 100.98 100.00

104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.10 100.34 99.96 100.43 100.04 100.00 89.62 89.00 90.24 90.73

MUTUAL FUNDS 52WK HI 2.52 4.69 2.22 207.86 212.41 1.74 1.84 1.83 1.03 9.37 11.83 7.54 16.64 12.84 10.77 10.00 10.43 14.89

52WK LOW 2.11 3.30 1.68 164.74 116.70 1.69 1.75 1.76 0.97 6.41 7.62 5.66 8.65 10.54 9.57 9.88 8.45 11.20

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 FL BGRS76026 BGRS FL BGRS95032 BGRS FL BGRS97033 BGRS FL BGRS75022 BGRS FL BGRS81037 BGRS FL BGRS88028 BGRS FX BGR129249 BGRS FX BGR131249 BGRS FX BGR132249 BGRS FX BGR136150

BAH29 BG0107 BG0207 BG0130 BG0230 BG0307 BG0330 BG0407 BSBGRS760265 BSBGRS950320 BSBGRS970336 BSBGRS750225 BSBGRS810375 BSBGRS880287 BSBGR1292493 BSBGR1312499 BSBGR1322498 BSBGR1361504

LAST CLOSE 6.70 39.95 2.44 2.35 2.51 6.10 9.75 3.88 9.98 3.25 8.06 16.00 3.03 10.26 11.74 10.85 18.10 3.90 11.00 15.50 1.00 1000.00 1000.00 1.00 10.00 1.00 LAST SALE 100.00 100.00 107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.10 100.45 100.09 100.54 100.34 100.00 89.62 100.00 100.00 100.00

CLOSE 6.70 39.95 2.44 2.35 2.51 6.20 9.75 3.88 9.98 3.50 8.06 16.00 3.11 10.26 11.59 10.85 18.10 3.90 11.00 15.50 1.00 1000.00 1000.00 1.00 10.00 1.00

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

VOLUME

9,150

26,900

0.00 0.00 0.00 0.00 0.00 0.00

CLOSE 100.00 100.00

CHANGE 0.00 0.00

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.10 100.45 100.09 100.54 100.34 100.00 89.62 100.00 100.00 100.00

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

FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund Leno Financial Conservative Fund Leno Financial Aggressive Fund Leno Financial Balanced Fund Leno Financial Global Bond Fund RF Bahamas Opportunities Fund - Secured Balanced Fund RF Bahamas Opportunities Fund - Targeted Equity Fund RF Bahamas Opportunities Fund - Prime Income Fund RF Bahamas International Investment Fund Limited - Equities Sub Fund RF Bahamas International Investment Fund Limited - High Yield Income Fund RF Bahamas International Investment Fund Limited - Alternative Strategies Fund Colonial Bahamas Fund Class D Colonial Bahamas Fund Class E Colonial Bahamas Fund Class F

MARKET TERMS

CHANGE 0.00 0.00 0.00 0.00 0.00 0.10 0.00 0.00 0.00 0.25 0.00 0.00 0.08 0.00 (0.15) 0.00 0.00 0.00 0.00 0.00

(242) 323‐2330 (242) 323‐2320 EPS$ 0.239 0.932 0.000 0.140 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

VOLUME

DIV$ 0.170 1.260 0.020 0.080 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

INTEREST Prime + 1.75% 6.25% 6.95% 4.50% 4.50% 6.25% 6.25% 4.50% 6.25% 4.25% 4.56% 4.31% 4.31% 4.43% 4.87% 4.33% 5.55% 5.60% 5.65% 5.69%

NAV 2.52 4.69 2.21 197.44 202.39 1.74 1.84 1.83 0.97 9.37 11.79 7.54 15.94 12.47 10.74 N/A 10.43 14.89

YTD% 12 MTH% 0.99% 4.22% 0.36% 5.78% 0.67% 2.74% -2.97% -2.35% -4.72% 6.04% 1.37% 3.03% 1.19% 5.23% 1.62% 4.13% -5.25% -6.07% -0.02% 10.36% -0.33% 18.23% 0.22% 3.05% -3.89% 14.76% -1.04% -2.57% 0.81% 4.20% N/A N/A 3.00% 25.60% 7.90% 48.70%

P/E 28.0 42.9 N/M 16.8 N/M N/M 26.4 -8.9 71.3 19.0 18.0 22.2 30.5 22.0 17.9 14.9 22.2 19.2 11.7 24.6 0.000 0.000 0.000 0.000 0.000 0.000

YIELD 2.54% 3.15% 0.82% 3.40% 0.00% 0.00% 2.67% 0.00% 0.00% 3.43% 2.73% 4.50% 13.95% 0.58% 2.83% 2.21% 2.98% 3.08% 1.82% 3.94% 0.00% 0.00% 0.00% 6.25% 7.00% 6.50%

MATURITY 19-Oct-2022 30-Sep-2025 20-Nov-2029 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2022 26-Jun-2045 15-Oct-2022 18-Jan-2026 25-Sep-2032 17-Apr-2033 7-Sep-2022 26-Jul-2037 26-Jul-2028 15-Apr-2049 15-Jul-2049 15-Oct-2049 21-Apr-2050

NAV Date 31-Mar-2022 31-Mar-2022 25-Mar-2022 31-Mar-2022 31-Mar-2022 31-May-2022 31-May-2022 31-May-2022 31-May-2022 31-Jan-2022 31-Jan-2022 31-Jan-2022 31-Jan-2022 31-Jan-2022 31-Jan-2022 31-Mar-2021 31-Mar-2021 31-Mar-2021

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

THE TRIBUNE

Tuesday, August 2, 2022, PAGE 23

STOCKS SLIDE TO START AUGUST AFTER BEST MONTH SINCE 2020

By DAMIAN J. TROISE AND ALEX VEIGA AP Business Writers

STOCKS on Wall Street gave up early gains and closed slightly lower Monday as investors began another busy week of company earnings and economic reports.

The S&P 500 gave up an early gain to end down 0.3%. The Dow Jones Industrial Average dipped 0.1% and the Nasdaq fell 0.2%. Smaller company stocks also gave back some of their recent gains, nudging the Russell 2000 0.1% lower.

Bond yields mostly fell.

The yield on the 10-year Treasury, which influences mortgage rates, fell to 2.60% from 2.65% late Friday.

August’s subdued opening follows a solid rally for stocks last month: July was the best month for the S&P 500 index since November 2020. But this week’s array of economic reports and company earnings has left traders “a little cautious,” said Lindsey Bell, chief markets and money strategist at Ally Invest.

“Investors are still assessing where we break from here – further to the upside

or reverse course,” Bell said.

The benchmark S&P 500 index fell 11.66 points to 4,118.63. It’s coming off a 9.1% gain in July, but remains down 13.6% for the year.

The Dow lost 46.73 points to close at 32,798.40, while the Nasdaq slid 21.71 points to 12,368.98. The Russell 2000 ended down 1.92 points at 1,883.31.

Banks, health care companies and tech stocks were among the biggest weights on the S&P 500.

JPMorgan Chase fell 1%, UnitedHealth Group dropped 1.3% and Intuit slid 1.7%.

U.S. crude oil prices fell 4.8%, dragging energy stocks lower. Exxon Mobil lost 2.5%.

Those losses outweighed solid gains by retailers and consumer products makers. Target rose 1.3% and Procter & Gamble rose 2.9%.

Boeing jumped 6.1% for the biggest gain in the S&P 500 after it cleared a key hurdle with federal regulators and could soon resume deliveries of its large 787 airliner.

Stocks have been falling for much of the year as investors worry about high inflation and rising interest rates. A key concern

remains whether central banks will raise interest rates too aggressively and push economies into a recession.

The Federal Reserve raised its key short-term interest rate by 0.75 percentage points on Wednesday, lifting it to the highest level since 2018.

The goal is to slow the U.S. economy to help temper the impact from inflation.

An inflation gauge that is closely tracked by the Fed jumped 6.8% in June from a year ago, the biggest increase in four decades.

A surge in oil prices throughout the year only worsened the impact from

THE WEATHER REPORT

5-Day Forecast

TODAY

ORLANDO

High: 94° F/34° C Low: 75° F/24° C

TAMPA

WEDNESDAY

THURSDAY

FRIDAY

SATURDAY

Sunshine and patchy clouds

Mainly clear

A t‑storm in spots in the afternoon

A t‑storm in the morning; breezy

A t‑storm around in the morning

Breezy; a passing morning shower

High: 89°

Low: 80°

High: 87° Low: 79°

High: 88° Low: 78°

High: 89° Low: 80°

High: 88° Low: 79°

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

99° F

86° F

98°-84° F

97°-83° F

97°-84° F

97°-84° F

The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure and elevation on the human body—everything that affects how warm or cold a person feels. Temperatures reflect the high and the low for the day.

N

almanac

E

W

ABACO

S

N

High: 88° F/31° C Low: 78° F/26° C

4‑8 knots

S

High: 91° F/33° C Low: 78° F/26° C

4‑8 knots

FT. LAUDERDALE

FREEPORT

High: 90° F/32° C Low: 79° F/26° C

E

W S

E

W

WEST PALM BEACH

N

| Go to AccuWeather.com

TONIGHT

High: 93° F/34° C Low: 79° F/26° C

High: 89° F/32° C Low: 78° F/26° C

MIAMI

High: 90° F/32° C Low: 79° F/26° C

4‑8 knots

KEY WEST

High: 89° F/32° C Low: 82° F/28° C

Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 90° F/32° C Low .................................................... 82° F/28° C Normal high ....................................... 89° F/31° C Normal low ........................................ 76° F/24° C Last year’s high ................................. 93° F/34° C Last year’s low ................................... 78° F/25° C Precipitation As of 2 p.m. yesterday .................................. trace Year to date ............................................... 37.68” Normal year to date ................................... 19.92”

ELEUTHERA

NASSAU

High: 89° F/32° C Low: 80° F/27° C

Forecasts and graphics provided by AccuWeather, Inc. ©2022

High: 89° F/32° C Low: 77° F/25° C

N

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

tiDes For nassau High Today

Ht.(ft.)

Low

Ht.(ft.)

11:41 a.m.

11:52 p.m.

2.8 2.9

5:37 a.m.

5:48 p.m.

0.5 0.8

Wednesday 12:26 p.m. ‑‑‑‑‑

2.8 ‑‑‑‑‑

6:15 a.m.

6:38 p.m.

0.5 0.8

Thursday

12:36 a.m.

1:17 p.m.

2.8 2.9

6:57 a.m.

7:34 p.m.

0.5 0.9

Friday

1:27 a.m.

2:13 p.m.

2.6 3.0

7:46 a.m.

8:37 p.m.

0.5 0.9

Saturday

2:24 a.m.

3:15 p.m.

2.5 3.1

8:41 a.m.

9:44 p.m.

0.4 0.9

Sunday

3:28 a.m.

4:19 p.m.

2.5 3.3

9:42 a.m. 0.3 10:51 p.m. 0.8

Monday

4:35 a.m.

5:22 p.m.

2.5 3.4

10:46 a.m. 0.2 11:55 p.m. 0.6

sun anD moon Sunrise Sunset

High: 89° F/32° C Low: 77° F/25° C

N

S

E

W

7‑14 knots

S

8‑16 knots

ANDROS

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

uV inDex toDay

6:38 a.m. Moonrise 7:54 p.m. Moonset

10:50 a.m.

11:08 p.m.

First

Full

Last

New

Aug. 5

Aug. 11

Aug. 19

Aug. 27

CAT ISLAND

E

W

inflation. U.S. crude oil prices are up roughly 25% in 2022 and that has raised gasoline prices in the U.S. to record levels.

A report last week showed that the U.S. economy contracted last quarter and could be in a recession.

Stocks’ recent rally came as worrisome economic reports gave some investors confidence that the Fed can dial back its aggressive pace of rate hikes sooner than expected.

Several big companies are reporting earnings this week, which will give investors insight into how inflation is impacting businesses and consumers.

SAN SALVADOR

GREAT EXUMA

High: 88° F/31° C Low: 77° F/25° C

High: 88° F/31° C Low: 78° F/26° C

N

High: 89° F/32° C Low: 80° F/27° C

E

W S

LONG ISLAND

tracking map

High: 88° F/31° C Low: 77° F/25° C

7‑14 knots

MAYAGUANA High: 88° F/31° C Low: 79° F/26° C

Shown is today’s weather. Temperatures

CROOKED ISLAND / ACKLINS

are today’s highs and tonight’s lows.

RAGGED ISLAND High: 88° F/31° C Low: 78° F/26° C

H

High: 88° F/31° C Low: 77° F/25° C

GREAT INAGUA High: 89° F/32° C Low: 78° F/26° C

N

E

W

E

W

N

S

S

8‑16 knots

10‑20 knots

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

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

WINDS E at 4‑8 Knots ESE at 7‑14 Knots NE at 7‑14 Knots E at 6‑12 Knots ENE at 7‑14 Knots E at 7‑14 Knots ENE at 8‑16 Knots E at 8‑16 Knots ENE at 6‑12 Knots E at 7‑14 Knots SSE at 4‑8 Knots E at 6‑12 Knots NE at 8‑16 Knots E at 7‑14 Knots NE at 10‑20 Knots ENE at 10‑20 Knots ENE at 8‑16 Knots E at 8‑16 Knots ENE at 8‑16 Knots E at 8‑16 Knots ENE at 6‑12 Knots E at 7‑14 Knots NE at 8‑16 Knots E at 8‑16 Knots NE at 7‑14 Knots E at 7‑14 Knots

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

VISIBILITY 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 6 Miles 10 Miles 8 Miles 8 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 6 Miles 10 Miles 10 Miles 10 Miles 6 Miles 10 Miles 10 Miles 10 Miles 10 Miles

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