THE TRIBUNE
Wednesday, August 10, 2016, PAGE 7
Putin, Erdogan agree on steps to mend relations ST. PETERSBURG, Russia (AP) — Turkey’s president cozied up to his “dear friend” Vladimir Putin on Tuesday in a visit intended to send a message to his allies in the West, whom he blames for what he considers a lack of support after a failed coup. President Recep Tayyip Erdogan has pressed the United States to extradite the man he claims was behind the failed insurrection, and has sought more funds and visa-free travel from the European Union, but it’s unclear what leverage improved ties with Russia could give him. Putin, in turn, expects Turkey to become more accommodating of Russia’s interests in Syria and move faster on major energy projects — demands Ankara could find difficult to meet. After their talks in St. Petersburg’s ornate Konstantin Palace, both leaders emphasized their shared desire to rebuild ties, but it remained unclear if they could reach common ground on the Syrian crisis. While Moscow has backed
Russian President Vladimir Putin, right, and Turkish President Recep Tayyip Erdogan shake hands at a news conference after their talks in the Konstantin palace outside St.Petersburg, Russia, yesterday. President Erdogan travels to Russia to meet with President Putin for the first time since apologizing in late June for the downing of a Russian fighter jet along the Syrian border in November last year. (AP Photo)
Syrian President Bashar Assad throughout the nation’s civil war and further bolstered that support by launching an air campaign last September, Turkey has pushed for Assad’s removal and helped his foes. Putin said he and Erdogan would have a separate discussion on Syria later Tuesday involving top diplomats and intelligence officials. Repeatedly calling Putin his “dear friend,” Erdogan refrained from mentioning any sticking points after the talks, saying he expects ties to fully blossom again soon. He said Turkey is ready to implement a natural gas pipeline project proposed by Moscow and a deal for Russia to build Turkey’s first nuclear power plant. Both projects were announced years earlier, but had been held back by commercial disputes even before Turkey’s downing of a Russian jet at the Syrian border last November. The shoot-down, which Putin called a “treacherous stab in the back,” brought relations to a freezing point where they remained for
seven months until Erdogan apologized to Russia in June. Putin responded by ordering his government to start rebuilding ties with Turkey, and when Erdogan faced the botched coup attempt on July 15 the Russian leader quickly offered his support. Erdogan emphasized that pledge of support, saying “it was very important for us psychologically. It offered us moral support and showed Russia’s solidarity with Turkey.” While Putin also spoke of rebuilding ties, he sounded more cautious, warning that it will take time to fully restore them. Moscow has accused the Turkish government of turning a blind eye to the flow of weapons and supplies to the Islamic State group and other extremists in Syria. While the Kremlin has tempered its rhetoric amid the rapprochement, Putin will most certainly push Erdogan to cut support for the rebels engaged in a fierce battle with Assad’s forces in Aleppo. Moscow could use economic levers to force Tur-
In Uganda, solar power plant amid African bush inspires hope SOROTI, Uganda (AP) — In this electricity-starved rural part of Uganda, men ride bicycles several kilometers (miles) to the nearest market town simply to charge their phones. That should change with the construction nearby of one of the largest solar plants in sub-Saharan Africa, where two-thirds of the population is without electricity and countries increasingly explore alternative sources of power. Frustrated by the slow pace of rural electrification
in this East African country of 36 million people, many Ugandans have been investing in their own solar panels to light their homes at night and keep small businesses running. But even the cheapest solar units can cost at least $100, a challenge when Uganda's per capita income is $703, according to U.N. figures. Villagers near Soroti are watching with enthusiasm the construction of a solar photovoltaic plant in their neighborhood. In the blistering heat, workmen install tables into dry earth. Shiny so-
NOTICE
NOTICE is hereby given that SHALINDA LUBIN of Zion Blvd., 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 10th day of August, 2016 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.
PUBLIC NOTICE INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that we, GREGORY FOSTER and LATARA LYNETTE KNOWLES of #224 Windsor on the Mall, P.O.Box F43725, Freeport, Grand Bahamas, Bahamas intend to change our child’s name from GREGORY KEVIN T’NAJH KNOWLES to GREGORY KEVIN T’NAJH FOSTER. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P. O. Box N-742,Nassau Bahamas no later than Thirty (30)days after the date of publication of this notice.
lar panels will be fixed atop them across a 33-acre field. When the plant is launched later this year it will have the capacity to generate 10 megawatts of power, which will be added to Uganda's national grid. The solar plant is expected to supply electricity to 40,000 homes and businesses in the area, a big deal in a country that is still heavily dependent on hydroelectric power for its energy needs, said Philip Karumuna, an engineer managing the project. Hydroelectric plants depend on the flow of water, making them vulnerable to dry spells or droughts. “We have a lot of sunshine, but then we are not utilizing it,” said Ambrose Kamukama, a maintenance engineer at the plant. “By all means, the government should do more of this.”
The candidate/s should have proven experience in the Caterpillar Industry - Servicing and Troubleshooting Diesel Engines and Generator Sets. Applicants with some background education in electrical work are preferred or at least 5 years in a similar field/area. A Bachelor’s Degree in Electrical and/ or Mechanical Engineering is required for the noted position. Actively seeks out solutions to technical problems.
In Soroti, the sun shines almost daily, a key factor in choosing to locate the plant here. Surrounded by grasslands in which cattle graze and monkeys play, the town is located nearly 300 kilometers (186 miles) from
the capital, Kampala. The town's small hotels and businesses need a constant supply of power to thrive, but they rarely get it. When power fails, resident Stephen Okot just sits
back and waits, often for hours, making it impossible to meet deadlines or win new customers for his business making metal doors and windows. He hopes the new solar plant will end the power blackouts. Soroti Hotel manager David Mugoda said the power cuts force him to run a gasguzzling generator that eats into his profits, for instance when milk in the freezer goes bad. “Power doesn't go often, but when it goes you can curse your life,” he said. “When you really need (power), that is when it goes off.” The Soroti solar plant is financed under a scheme called GET FiT, a renewable energy facility funded by the European Union and supported by the governments of Germany, Norway and the UK, according to Access Power, a Dubai-based firm that is jointly operating the plant with Eren RE of France.
MARKET REPORT TUESDAY, 9 AUGUST 2016
t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com
BISX ALL SHARE INDEX: CLOSE 1,973.62 | CHG 0.36 | %CHG 0.02 | YTD 149.67 | YTD% 8.21 BISX LISTED & TRADED SECURITIES 52WK HI 4.05 17.43 9.09 3.50 4.70 0.18 8.34 8.40 6.10 10.60 15.50 2.72 1.60 5.80 8.76 11.00 8.05 6.90 12.25 11.00
52WK LOW 2.25 17.43 9.09 3.14 4.70 0.12 6.09 7.25 5.50 7.00 14.48 2.25 1.27 5.51 6.00 9.85 6.01 5.55 11.75 10.00
PREFERENCE SHARES
As a privately-owned, mid-sized Bahamian Company and the authorized Caterpillar dealer in the Bahamas, we are seeking a Service Supervisor.
a Ugandan casual worker levels the ground at a solar plant in Soroti about 300 kilometers east of Uganda capital Kampala. In this electricity-starved rural part of Uganda, men ride bicycles several kilometers (miles) to the nearest market town simply to charge their phones. That should change with the construction nearby of one of the largest solar plants in sub-Saharan Africa, where two-thirds of the population is without electricity and countries increasingly explore alternative sources of power. (AP Photo)
key to compromise on Syria. Turkey badly needs the flow of Russian tourists to resume, and Turkish farmers, construction companies and other businesses badly need to regain access to the Russian market, which has been shut to them after the plane’s downing. Putin said Tuesday that charter flights to Turkey could resume “in the near future,” but added that “painstaking work is ahead to revive trade and economic cooperation.” “This process has been launched, but it will take some time,” the Russian leader said. While ties with Russia can’t substitute Turkey’s economic and security cooperation with the U.S. and the EU and its membership in NATO, Erdogan clearly hopes to use the Russia card to strengthen his hand in disputes with his Western partners. Turkey has pressed the United States hard to extradite Fethullah Gulen, a Turkish cleric the government blames for the failed coup. Gulen has repeatedly denied any involvement.
1000.00 1000.00 1000.00 1000.00
1000.00 1000.00 1000.00 1000.00
1.00 105.50 100.00 100.00 100.00 105.00 100.00 10.00 1.01
1.00 100.00 100.00 100.00 100.00 100.00 100.00 10.00 1.01
SECURITY AML Foods Limited APD Limited Bahamas Property Fund Bahamas Waste Bank of Bahamas Benchmark Cable Bahamas CIBC FirstCaribbean Bank Colina Holdings Commonwealth Bank Commonwealth Brewery Consolidated Water BDRs Doctor's Hospital Famguard Fidelity Bank Finco Focol ICD Utilities J. S. Johnson Premier Real Estate
SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE
LAST CLOSE 4.05 15.85 9.09 3.50 5.22 0.12 6.50 8.40 5.83 10.59 14.49 2.74 1.41 5.80 8.76 10.96 8.01 6.40 11.93 10.00
CLOSE 4.05 15.85 9.09 3.50 5.22 0.12 6.50 8.40 5.83 10.59 14.49 2.71 1.50 5.80 8.76 10.96 8.01 6.40 11.93 10.00
CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.03 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB
1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.00 100.00 100.00 100.00 10.00 1.01
1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.00 100.00 100.00 100.00 10.00 1.01
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
SECURITY Fidelity Bank Note 17 (Series A) + Fidelity Bank Note 18 (Series E) + Fidelity Bank Note 22 (Series B) +
SYMBOL FBB17 FBB18 FBB22
LAST SALE 100.00 100.00 100.00
CLOSE 100.00 100.00 100.00
CHANGE 0.00 0.00 0.00
Bahamas Note 6.95 (2029) BGS: 2014-12-3Y BGS: 2015-1-3Y BGS: 2014-12-5Y BGS: 2015-1-5Y BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-3Y BGS: 2015-6-5Y BGS: 2015-6-7Y BGS: 2015-6-30Y
BAH29 BG0103 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330
115.49 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
115.29 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
-0.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Commonwealth Bank Class E Commonwealth Bank Class J Commonwealth Bank Class K Commonwealth Bank Class L Commonwealth Bank Class M Commonwealth Bank Class N Fidelity Bank Class A Focol Class B
CORPORATE DEBT - (percentage pricing) 52WK HI 100.00 100.00 100.00
52WK LOW 100.00 100.00 100.00
BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
113.70 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
VOLUME
1,500
1
VOLUME
EPS$ 0.304 1.351 1.086 0.220 -1.134 0.000 0.185 0.551 0.508 0.541 0.528 0.094 0.166 0.510 0.612 0.960 0.650 0.703 0.756 0.000
DIV$ 0.090 1.000 0.000 0.160 0.000 0.000 0.187 0.260 0.200 0.360 0.610 0.060 0.040 0.240 0.275 0.000 0.280 0.120 0.640 0.000
P/E 13.3 11.7 8.4 15.9 N/M N/M 35.1 15.2 11.5 19.6 27.4 28.8 9.0 11.4 14.3 11.4 12.3 9.1 15.8 0.0
YIELD 2.22% 6.31% 0.00% 4.57% 0.00% 0.00% 2.88% 3.10% 3.43% 3.40% 4.21% 2.21% 2.67% 4.14% 3.14% 0.00% 3.50% 1.88% 5.36% 0.00%
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
0.00% 0.00% 0.00% 0.00% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 7.00% 6.50%
INTEREST 7.00% 6.00% Prime + 1.75%
MATURITY 19-Oct-2017 31-May-2018 19-Oct-2022
6.95% 4.00% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.25% 4.50% 6.25%
20-Nov-2029 15-Dec-2017 30-Jul-2018 16-Dec-2019 30-Jul-2020 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2018 26-Jun-2020 26-Jun-2022 26-Jun-2045
MUTUAL FUNDS 52WK HI 1.99 3.89 1.91 167.58 138.35 1.44 1.67 1.55 1.06 6.67 8.16 5.81 10.66 10.12
52WK LOW 1.67 3.04 1.68 164.74 116.70 1.38 1.53 1.47 1.03 6.11 6.93 5.55 10.37 8.65
FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund FG Financial Preferred Income Fund FG Financial Growth Fund FG Financial Diversified Fund FG Financial Global USD Bond Fund Royal Fidelity Bahamas Opportunities Fund - Secured Balanced Fund Royal Fidelity Bahamas Opportunities Fund - Targeted Equity Fund Royal Fidelity Bahamas Opportunities Fund - Prime Income Fund Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 5 Royal Fidelity Int'l Fund - Equities Sub Fund
NAV 1.99 3.89 1.91 167.58 136.68 1.44 1.67 1.55 1.06 6.67 8.01 5.81 10.66 8.65
YTD% 12 MTH% 2.09% 4.15% 3.06% 6.67% 1.39% 3.06% 3.41% 5.18% 2.95% -0.58% 1.89% 3.91% 2.32% 8.70% 1.68% 5.28% 2.77% 1.26% -0.14% 9.15% -1.87% 15.62% 0.83% 4.82% 70.00% 2.80% -6.29% -13.65%
NAV Date 30-Jun-2016 30-Jun-2016 24-Jun-2016 30-Jun-2016 30-Jun-2016 30-Jun-2016 30-Jun-2016 30-Jun-2016 30-Jun-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016
MARKET TERMS
Send complete resume with education and work experience to M & E Limited, P. O. Box N-3238, Nassau Bahamas, and Attention: Human Resources Department, or email me@me-ltd.com. Only persons being interviewed for this position will be contacted.
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 52wk-Hi - Highest closing price in last 52 weeks 52wk-Low - Lowest closing price in last 52 weeks Previous Close - Previous day's weighted price for daily volume Today's Close - Current day's weighted price for daily volume Change - Change in closing price from day to day Daily Vol. - Number of total shares traded today DIV $ - Dividends per share paid in the last 12 months P/E - Closing price divided by the last 12 month earnings
YIELD - last 12 month dividends divided by closing price Bid $ - Buying price of Colina and Fidelity Ask $ - Selling price of Colina and fidelity Last Price - Last traded over-the-counter price Weekly Vol. - Trading volume of the prior week EPS $ - A company's reported earnings per share for the last 12 mths NAV - Net Asset Value N/M - Not Meaningful
TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525 | LENO 242-396-3225