By YOURI KEMP Tribune ReporterBusiness ykemp@tribunemedia.net SEE PAGE B3 SEE PAGE B4 A $100M eco-resort in Exuma is set to start construction in October once their Environmental Impact Assessment (EIA) is approved.Victor Barrett, chief executive officer of Silent Resorts, the company behind Club Ki’ama Baha mas in Exuma, told Tribune Business that the EIA is the final step before they can actually start constructing the first two residences on the“We’resite. building three of the four bedroom residences and the beach club and all of that is actually starting some component fabrication and engineering in the factory in Belize.“Sowe hope that as soon as we get our approvals, we’ll be able to put the pier foundations in, which will be the start the work.
AN Eleuthera business man says there are “a lot of concerns” on the island and keeping the electricity on is chief among Christopherthem.Cates, the Lumber Shed’s owner, told Tribune Business that last week’s utilities collapse on the island, which saw both electricity and water supplies disconnected for more than three days, he hopes the island can not only get back on track, but stayMrthere.Cates said: “We have a lot of concerns. We have a lot of issues and the entire country of The Bahamas has issues. So I’m hoping that the new administration will knock them out one at a time. There’s a lot of work to be done. And our
business@tribunemedia.net MONDAY, AUGUST 15, 2022
THE incoming CEO of the Nassau/Paradise Island Promotion Board says The Bahamas is at the “top of the rebound curve” in terms of tourism led growth. Joy Jibrilu, told Tribune Business she is excited to take up her new role at the Nassau/Paradise Island Pro motion Board (NPIPB) after having spent a considerable portion of her career as a public servant, working with tourism and tourism related projects.“Picking up the mantle, where Fred (Lounsberry) would have left off is just a tremendous feeling and I’m really looking forward to it,” she said.Ms Jibrilu worked as the director of investments from 2008 to 2014 before taking up the role of direc tor general in the ministry of tourism (MOT) where she served until early thisSheyear.said: “At the Ministry of Tour ism, a big part of what they did was marketing the destination. So I look at this as a pyramid and at the top of that pyramid you have the MOT whose job it is to promote the desti nation and building that awareness.” This is what she feels makes her a suitable candidate to replace Mr Lounsberry as she has all of the back ground and experience to build on the post-pandemic tourism momen tum the country is experiencing now.
THE business com munity is waiting on the government to ratify their recommendations on the minimum wage and says that discussions on a live able wage cannot be had until the minimum wage is “out of the way”. Peter Goudie, who heads the Bahamas Chamber of Commerce and Employ ers Confederation’s labour division and is its repre sentative on the National Tripartite Council, told Tribune Business the council’s recommenda tions have been in to the
Jibrilu: Bahamas ‘top of the rebound curve’ By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net SEE PAGE B3 SEE PAGE B4 SEE PAGE B3 VICTOR BARRETT PETER GOUDIE ‘Eleuthera in desperate need for major fixes’ By YOURI KEMP Tribune ReporterBusiness ykemp@tribunemedia.net JOY JIBRILU Rest easy knowing that you have excellent insurance coverage no matter which way the wind blows. Hurricane season is here. Are you prepared? $6.92 $6.97 $6.66 $6.89
THE Central Bank of The Bahamas is relaxing the guidelines for domes tic banks and credit unions around the qualification cri teria for provision of credit to the private sector. This takes account of the domes tic economy’s increased capacity to sustainably absorb more credit expan sion, given the potential for credit growth to stimulate greater imports and increase the net use of foreign exchange.Thefavourable outlook for the external reserves is expected to be maintained. In particular, impact on credit growth, is expected to be very moderate, given continued risks around the elevated average delin quency rate for private sectorEffectivecredit. immediately, lending institutions may, on a case-by-case basis, approve applications for new personal loans, sub ject to the total debt service ratio for the facility and any pre-existing obligations ‘Liveable wage will just have to wait’
Relaxed lending rules for domestic credit
By YOURI KEMP Tribune ReporterBusiness ykemp@tribunemedia.net
Bahamas tourism is surging back with a vengeance, with the first five months of this year’s tourism arriv als standing at 2.43m visitors, which means on average the country could get close to 6m tourists by year end. Ms Jibrilu understands this and her experience in working with the NPIPB prior to assuming the top role gives her the added advantage to take hold of this momentum and steer it to even higher heights. “The next level of that pyramid, just as important, is the need now to bring the spotlight to our resorts, our hotels, and to be able to focus just on that. That’s a gift and that’s what has me excited to do what I really love doing, what I’m passionate about doing and to add to everything that has already been started.” Ms Jibrilu added: “One of the things I bring to the table in my new role is that I was a huge part of the strategy that went into place looking to us rebounding and all of the fore casts showed that The Bahamas was going to be at the top of that rebound curve. All the indicators were in
Exuma eco-resort strives to overcome supply delays
enough to simply add more training but to build a cul ture of creativity, sensitivity, and engagement among employees.Thisarticle briefly dis cusses several points relevant to establishing a culture of information secu rity awareness. Consider Breaches from A Risk-Based Perspective As threat landscapes become increasingly com plex and evolving, business networks require risk-based strategies that accurately identify and mitigate business risk. Two interna tionally recognised frames that can assist are NIST Cybersecurity Framework and ISO 27001. Both follow a risk-based approach and are considered technol ogy neutral. An effective risk-based, cybersecurityinitiative-takingstrategyhas
• Derek Smith Jr. has been a governance, risk, and compliance profes sional for more than 20 years with a record of lead ership, innovation, and mentorship.
Deliver engaging education solutions Creating an awareness culture requires honest and open communication with staff. A good pre ventative strategy begins with employee education, and someone who is moti vated to do so is the best candidate because their natural passion of the topic can translate posi tive energy into a subject that may not be exciting for many employees. Senior VP at MasterCard, Jon Brickey noted recently, “at Mastercard, the secu rity department created online escape rooms and modules presented in virtual reality to encour age robust year-round engagement.” However, leaders must be aware that employee engagement has its limitations.
three critical components for successful implemen tation – Risk scoring and quantification, vulnerability prioritisation and exposure analysis.
Conclusion In short, the security cul ture of an organisation can be developed and strength ened by focusing on understanding, develop ing, and strengthening employee ISA through considering a risk-based approach, delivering engag ing education solutions, and letting for of check-the-box thinking.
PAGE 2, Monday, August 15, 2022 THE TRIBUNE securityTomitigatealonethathashumantheincreasingpractice,unsuspectingnal’sagencies.businessespresentssecurityandattackstodoubledattackscompanies,leadernologies,AccordingCybercriminalsenjoyedanexcellentyearin2021.topositivetechacybersecuritytomanyFortune100the“numberofonretailmorethanfrom2018–20192020–2021”withmosttargetingservicescustomers.Evenwithinnovations,thisagrimpictureforandgovernmentAcybercrimieasiesttargetremainsemployees.Inacademiaandintherehasbeenrecognitionofsignificantrolethatthefactorplays,anditalsobeenestablishedtechnicalsolutionscannoteffectivelysecuritybreaches.raiseawarenessofpractices,itisnot
Derek Smith By
Legislating for the future UNITED
By Ricardo Evangelista JOE Biden is, by some measures, a very unpopu lar President. Earlier this month, a poll of the elector ate showed the incumbent President’s popularity had dropped to levels even below those of Donald Trump during the darker days of his tenure. Still, against all odds, Mr Biden’s record may leave a deeper mark in history than some of his more glamorous pre decessors, such as Barak Obama or Bill Clinton. Less than two years into his first term, Mr Biden has seen two very important pieces of legislation passed into law. A remarkable achieve ment, considering that he did so with a 50/50 Senate where only the vote of the Vice-President gives the Democrats the faintest of majorities.Theclimate, tax and health bill, whose offi cial name is The Inflation Reduction Act, entails the most important US invest ment in sustainability ever, with almost $400 billion of tax credits to incentivise the use of electrical cars and production of electricity from renewables. Accord ing to analysts, the bill will significantly support the country’s goal of reducing, by 2030, carbon emissions to 40 percent below the levels of 2005. The new law also aims to control the cost of some prescription drugs, such as insulin, which in the US ranks among the highest in the world. For the first time the Federal Government, through Medicare, will be able to negotiate directly with pharma companies. This measure, which ini tially will apply to 10 drugs, has the potential to save billions of dollars of public money. Also, healthcare subsidies that were due to expire at the end of the year will be extended, allowing those on lower incomes to maintain healthcare insur ance at lower premiums. Last but not least, the law has a fiscal dimension. The tax bills of wealthier individuals and large corpo rations will increase. There will be a new 15 percent minimum tax on corporate profits when companies declare more than one $1 billion of annual gains. These changes aim to boost the IRS’s capacity, with a substantial increase in revenues.Whether one agrees with it or not, it is undeniable that the Inflation Reduc tion Act is a monumental piece of legislation, both in scope and impact. And, if that wasn’t already enough, there is also the “Chips Plus” act. The first sig nificant piece of industrial legislation passed in the US since the 1980s. This bill will invest tens of billions of dollars in research and development, creating con ditions for a renaissance in innovation that is likely to revive the nation’s industry, which has lost importance in relation to that of coun tries such as China. Both bills will have an important long-term effect, even if Joe Biden loses the next presidential election. The impact of his mandate will be felt for decades, as the next incumbent, even if it is a Republican, won’t be able to easily reverse the policies as they have been approved by both chambers of the Quietlyhouse.and amid con siderable criticism, the current US administration has secured what may be a substantial boost for the American economy, which many will welcome during these uncertain times STATES CAPITOL BUILDING
THE CULTURE OF INFORMATION SECURITY AWARENESS
Let go of checking-the-box thinking Scannable and patchable reactive approaches are slow, laborious, and expen sive. False alarms waste valuable resources by fail ing to catch actual threats. Thus, today’s most criti cal assets can no longer be protected by this reactive detect-and-respond strat egyCompliancealone. is commonly misunderstood as the means of ensuring security. Many organisations follow a “check the box” thinking, which means they meet the minimum requirements of the frameworks they have chosen. Because of today’s adversaries’ agility and strategies, companies must be aware of their unique security weaknesses and attack pathways and close any security gaps as quickly as possible. It is of utmost importance for organisations to take steps to strengthen their security posture that goes beyond meeting minimum security requirements and adhering to regulatory requirements.
JIBRILU: BAHAMAS ‘TOP OF THE REBOUND CURVE’ FROM PAGE B1 FROM PAGE B1 FROM PAGE B1 RELAXED LENDING
The Department of Envi ronmental Planning and Protection (DEPP) requires an EIA and Environ ment Management Plans (EMP) for Industrial, Com mercial and Residential developments throughout The Bahamas’ archipelago. Regardless of the red-tape, Mr Barrett is “positive” on the progress being made and working out all of the environmen tal issues that may arise as a result of Club Ki’ama. “We had a meeting with the Bahamas National Trust to explain to them that the water systems we’re using the wastewater systems and the treatment systems and that all of this is the newest and latest technology. So it’s pretty impressive in terms of its ability to process clean water and not pollute any thing in the groundwater or in the waters around.” RULES FOR DOMESTIC CREDIT EXUMA ECO-RESORT STRIVES TO OVERCOME SUPPLY DELAYS
CENTRAL BANK OF THE BAHAMAS
Financial institutions are expected to continue to manage lending risks on both a case-by-case and aggregate basis, to achieve further reductions in the average non-performing loans rate. In this regard, supervisory expectations and requirements around prudential lending stand ards will remain tailored for institutions that are subject to any specific oversight by the Central Bank. The Central Bank will continue to monitor the impact of credit trends on the outlook for the exter nal reserves and domestic financial stability. The Bank will adjust its monetary and prudential policies as nec essary to ensure continued stability and sustainability in the outlook. “We’re hoping to have everything up, the first two or three residences and the beach club and our first yacht by April/May of next year.”MrBarrett added: “We’ve got 30 original founding orders that are financing the first two villas and the beach club. We’ve watched sales now and we just started in May, and moving for ward with the next group of owners. So we should be announcing some progress here in the next month or two on what we’ve sold. “But also in addition to selling the fractional owner ship, we are also selling the whole ownership residences, as well. We have a lot of interest in that. “My understanding is over the next 30 charter members, I think we’ve got about half of those sub scribed and it looks like we’ll have one of the first of the eight homeownership residences sold here in the next 30 to 60 days.”
J.S. Johnson & Company, Limited hereby notifies all of its shareholders that based on unaudited results for the quarter ended 30th June, 2022, the Board of Directors has declared an interim dividend of fifteen cents ($0.15) per ordinary share to be paid on Friday, 26th August, 2022 to all shareholders of record as of Friday, 19th August, 2022.
THE TRIBUNE Monday, August 15, 2022, PAGE 3 place, so the strategy was how do we capitalize on that?“While the Minister for Economic Affairs has said it is revenge tourism, and I understand what he’s saying, everybody wants to travel and everyone feels as if they have been locked down and deprived of what they loved doing during the course of the pandemic and now they have the urge to do things they perhaps put off and now want to take advantage of and do.” Vowing to be “aggres sive” with the campaigning of Nassau and Paradise Island Ms Jibrilu wants to accentuate the strongest points of the destination, like ensuring that poten tial visitors know that there are a “multiplicity” of resorts to choose from, from the mega resorts like Atlantis and BahaMar to the smaller ones like the Sandy Port Beach Resort, also that along with these resorts there is much about Nassau and Paradise Island to experience.“Therewas an arti cle in the news last week that talked about Nassau and Paradise Island being the foodie capital of the Caribbean. What a great reputation. And so when you look at all the offer ings that we have, just from culinary tourism, and that’s thanks to our hotel partners who are bring ing on these huge culinary chefs. And all the offerings that we have, these are the things that we’re going to capitalize upon, and take advantage of so that we see this growth sustained and continued,” she said. Taking over the helm of the NPIPB is going to pre sent itself as a challenge considering the board sus tains itself by raising money from its hotel member ship, something which Ms Jibrilu acknowledged as a challenge: “The National Paradise Island Promotion Board would have taken a hit in 2020 and 2021, but we’re seeing such a strong rebound,” she said. “Our hotel partners are reporting not only great occupancies, but also really, really strong, average daily rate and that is so impor tant. So, we’re rebounding, and we are rebounding well, and I think with every other industry around the world, coming out of the pandemic, you have to adjust and you’re going to have to do what needs to be done until the rebound is completed.“ButI’m very, very posi tive and feel that the NPIPB is in a good position. It’s in a healthy position. And I think all that’s due to really sound fiscal oversight during the pandemic that would allow them to get to this point, and to the point where we could recover.”
The Club Ki’ama boasts of having the world’s first electric boat that will be used to ferry guests to and from Great Exuma to the Elizabeth Island where the resort is located. Silent Resorts is offer ing shared ownership in a limited number of its fleet of Silent Yachts, solar pow ered yachts managed by Silent Resorts and available to cruise anywhere in the world.The long awaited appear ance of a Silent Yacht will have to wait as well because the supply chain issues have forced the manufacturers to push production back from the end of this year until the beginning of 2023.
Mr Barrett said: “The Silent Yacht is behind schedule because of the global supply chain prob lems. They’ve had issues like everybody else has with getting certain parts and pieces and it is about six months behind. The EIA study has also delayed us about four months but we can’t do anything until that is completed.”TheEIA being stalled was just part of the natural process of doing business because it takes up to four months for an EIA to be completed. “We thought that because we weren’t touching any of the beaches or mangroves or that we weren’t disturbing anything beyond the water line and we’re not expanding the marina, we were hoping we could get away without having to do an EIA, but the new rules is that no matter what you are doing you need an EIA.”
not exceeding 50 percent. That is, unless stipulated regulatory requirements have been imposed by the Central Bank on specific banks or credit unions. This increases the total debt ser vice ratio from the current range of 40 percent to 45 percent.The total debt service ratio is calculated as the sum of total monthly prin cipal and interest payments divided by the total monthly income of the borrower or borrowers.Except in the case of mortgages, lending institutions may also tailor the borrower equity or down payment require ment in accordance with their internal credit risk management frameworks. In particular, subject to the total debt service ratio, and other such risk management criteria, lending institutions may grant loans of up to 100 percent of the borrow er’s financing requirement. However, the minimum equity requirement for loans secured by residential mort gages remains at 15 percent. When secured by mortgage indemnity insurance, the equity requirement may be reduced to five percent.
‘Eleuthera in desperate need for major fixes’
PAGE 4, Monday, August 15, 2022 THE TRIBUNE
FROM PAGE B1
Minister of Labour for a long time now and it is just a “waiting game” on when the government will act on a higher minimum wage for the private sector. The government has already implemented a higher minimum wage in the public sector, but admitted that doing so for the private sector would be a totally different dynamic and more con sultations with the wider business community would beMrneeded.Goudie said: “Minis ter Bell said he had to go to cabinet. I’m not sure if it’s this week or the week after. But we’re just waiting on him.”Keith Bell, Minister for Labour and Immigration, said last week the recom mendations of the private sector minimum wage were already before cabinet for it to make a determination. As for a liveable wage, Mr Bell said in May that a report on a liveable wage would be in to the cabinet and that the government has not backtracked on its promise to deliver on it. Mr Goudie said, how ever, “We’re not touching a liveable wage until we get this out of the way. I mean, this minimum wage thing is taking forever.” He added with regard to a livable wage that it is not even defined by the International Labour Organisation (ILO). There was an International Labour Conference between May 30, to June the 14 and at that confer ence it was passed that the ILO would do a study on what is a liveable wage, and people and then they would then excuse me gen erate that information to countries and they could get it if they want it. “But that’s all that’s been said at that level, because the ILO is made up of all the countries who belong to the United Nations. So it’s a huge convention each year, like 150 countries. So that’s the only thing that came out of the ILC, where they said they would study a liveable wage.” The University of The Bahamas (UOB) con ducted a study on a liveable wage, something Mr Goudie has rejected out of hand as “lacking evi dence”. Mr Goudie said: “The University has never produced their findings or methodologies to us so we can review them to make a determination and we have asked for it. “We just don’t know how they came to their conclu sions. So we really can’t take them seriously at this time.”The UOB study, dated September 30, 2020, con cluded that a living wage in New Providence and Grand Bahama is $2,625 and $3,550 per month respectively.
‘Liveable wage will just have to wait’ FROM PAGE B1 CLAY SWEETING yourSharenews The share322-1986IfwontheimprovementscampaigningaraisingPerhapsneighbourhoods.newswhofromwantsTribunetohearpeoplearemakingintheiryouarefundsforgoodcause,forinareaorhaveanaward.so,callusonandyourstory. Copies of the full financial statements can be obtained on our website at www.bahamasfirst.com BAHAMAS FIRST HOLDINGS LIMITED 32 Collins Avenue, Nassau, NP, Bahamas | www.bahamasfirst.com | Phone: 242-302-3900 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2022 (Expressed in Bahamian dollars) BAHAMAS FIRST HOLDINGS LIMITED ASSETS Trade accounts receivable, net Cash and investments Deferred reinsurance premiums Unpaid claims recoverable from reinsurers Property and equipment Intangible assets and goodwill Other assets $ 38,689,327 54,548,14262,786,59733,479,175 22,257,822 8,517,222 10,432,648 $ 30,911,815 59,355,647 43,328,09935,191,44622,531,436 8,268,710 9,613,862 TOTAL ASSETS $ 230,710,933 $ 209,201,015 30 Jun 22 31 Dec 21 LIABILITIES AND EQUITY Unearned premiums Unpaid Reinsuranceclaimsbalances payable Bonds payable OtherTotalliabilitiesliabilities $ 72,200,43053,345,148 14,273,872 7,618,15118,466,558$165,904,159 $ 58,712,764 52,066,216 9,054,5787,618,15116,102,115$143,553,824LIABILITIESTotalequity attributable to owners of the company Non-controlling interest Total equity 4,049,904 60,756,87064,806,774 61,462,9254,184,266 65,647,191 TOTAL LIABILITIES AND EQUITY $ 230,710,933 $ 209,201,015EQUITYCONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE 6 MONTHS ENDED JUNE 30, 2022 (Expressed in Bahamian dollars) BAHAMAS FIRST HOLDINGS LIMITED Gross premiums written Net premiums earned Total underwriting income Net claims incurred Total underwriting expenses Net underwriting income Total other expenses Unrealized gain/(loss) on investment Other income, net Profit/(loss) for the period Other comprehensive (loss) for the period 30 Jun 22 30 Jun 21 $ 94,430,468 50,990,38040,975,71322,748,52336,887,044 14,103,336 1,295,07214,335,7221,169,137 2,231,823 (1,313,763) $ 89,993,604 41,609,36932,425,26115,536,12527,670,814 13,938,555 (2,691,452)12,560,161629,416(683,642)(107,821) TOTAL COMPREHENSIVE INCOME/(LOSS) $ 918,060 $ (791,463) ATTRIBUTABLE TO: Owners of the EarningsNon-ControllingcompanyInterestpercommonshare $ 929,409 (11,349) $ 918,060 $ 0.05 $ (663,099)(128,364) $ (791,463) $ (0.02)TheseTOTALfinancial statements were approved by the Board of Directors on August 11, 2022.
electricity clearly is one of the main issues for South Eleuthera, there’s no doubt about it. The Water & Sewerage Corporation also advised that a recent reduction in water production in Central Eleuthera was because of Bahamas Power & Light. WSC said the electrical power supply to the desali nation plant in Governors Harbour was lost for a period of time during the evening of August 4, 2022. These water and elec tricity issues have affected businesses throughout the length and breadth of the island, including Mom & Pop convenience stores and hotels.With regard to the hotels, Mr Cates said: “There’s a lot to be resolved, man. I’m really hoping that they’ll do it one at a time and we’ll get this thing sorted out, because that’s the future of the island. You know, that’s the future of the growth and the potential and we can‘t tap into it unless we got lights and water. That’s forHesure.”added: “I think a lot of businesses have man aged to cope with portable generators and lot of busi nesses have invested in permanent generators as a necessity. They just made that investment as a cost of doing business. You just do what you got to do to make it work and when all else fails, you jump in and make it happen.”ClaySweeting, Member of Parliament for Central and South Eleuthera, said on his Facebook page that he is closely monitoring the matter in hopes of provid ing a “Theresolution.Islandof Eleuthera has experienced much discomfort over the past few months as it relates to intermittent power out ages and in the past few days the outages have been extensive and unbearable,” he said on social media. “I have received many calls from concerned residents, the business community and second home owners who are severely impacted by these unplanned outages.”MrSweeting also said: “I definitely share their con cerns over electricity, as well as water. I have kept in touch with the Minister of Works as well as Chairman of BPL. Currently, they have enough power gen eration or capacity to keep the island online. They’re repairing the last engine, I think in Rock Sound. But currently we should be okay for now.”
PAGE 6, Monday, August 15, 2022 THE TRIBUNE
Photo:AP The Public is hereby advised that I, NICKY NICOLA RICHARDS of 1430 SW 72nd Avenue, Plantation, Florida, 33317, P.O. Box CB-11207, Nassau, Bahamas, intend to change my name to MARIA WATSON 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
INTENTnotice.
TO CHANGE NAME BY DEED POLL PUBLIC NOTICE
PIPELINE BREAK SPILLS 45,000 GALLONS OF DIESEL IN WYOMING
By MATTHEW BROWN Associated Press A DIESEL pipeline in Wyoming owned by a com pany that’s being sued by federal prosecutors over previous spills in two other states cracked open and released more than 45,000 gallons (205,000 liters) of fuel, state regulators and a company representative disclosedCleanupFriday.work is ongo ing from the spill that was discovered by the pipeline’s operator on July 27, said Joe Hunter, Emergency Response Coordinator with the Wyoming Department of Environmental Quality. The fuel spilled into sandy soil on private ranchland near the small community of Sussex in eastern Wyo ming and did not spread very far, he Contaminatedsaid. soil was being excavated and placed into a temporary staging area, and it will be spread onto a nearby dirt road where the fuel is expected to largely evaporate, Hunter said. The line is operated by Bridger Pipeline, a subsidi ary of Casper-based True companies, according to an accident report submitted to the U.S. Coast Guard’s National Response Center. The company initially reported only 420 gallons (1,590 liters) had spilled, but later revised its esti mate to 45,150 gallons (205,250 liters), according to a National Response CenterBridgerdatabase.Pipeline spokes person Bill Salvin said the initial figure was based on what company person nel saw on the ground and reported immediately. The volume estimate increased as the site was excavated, he said.True and its subsidiaries have a long history of spills. In May, federal prosecutors in Montana alleged that representatives of Bridger Pipeline had concealed from regulators problems with a pipeline that broke beneath the Yellowstone River near the city of Glen dive in 2015. The break spewed more than 50,000 gallons (240,000 liters) of crude into the river and fouled Glendive’s drinking water supply. In North Dakota, fed eral prosecutors and the state Attorney General’s Office are pursuing paral lel claims of environmental violations against a second True companies subsidiary responsible for a 2016 spill that released more than 600,000 gallons (2.7 million liters) of crude, contami nating the Little Missouri River and a Representativestributary.of the companies have denied vio lating pollution laws and rejected claims that prob lems with the Montana line were concealed from fed eral regulators. The Wyoming spill was caused by a crack at a weld in the line, said Hunter, who did not know how long it was leaking before being discovered. The spilled fuel did not appear to reach any waterways and no enforcement actions for environmental violations were planned, he said. “I’m not saying there wouldn’t be any down the road but for right now there won’t be” any enforcement actions by the state, Hunter said. “It’s an older pipeline and it’s one of those things thatThehappen.”6-inch (15 centim eter) diameter steel line was installed in 1968 by the original owner and later acquired by Bridger Pipe line, Salvin said.
THIS undated photo provided by Bridge Pipeline shows repairs made to a six-inch pipeline transporting diesel that broke and spilled more than 45,000 gallons of fuel on July 27, 2022. near Sussex, Wyo. The line is owned by a Wyoming company that’s being sued by federal prosecutors over previous spills in two other states.
THE TRIBUNE Monday, August 15, 2022, PAGE 7
PAGE 8, Monday, August 15, 2022 THE TRIBUNE
By AYA AssociatedBATRAWYPress SAUDI energy com pany Aramco said Sunday its profits jumped 90% in the second quarter com pared to the same time last year, helping its half-year earnings reach nearly $88 billion. The increase is a boon for the kingdom and the crown prince’s spend ing power as people around the world pay higher gas prices at the pump while energy companies rake in topMajorearnings.oil companies had a strong quarter with Exxon Mobil booking an unprecedented $17.85 bil lion profit while Chevron made a record $11.62 bil lion. The U.K.’s Shell shattered its own profit record.Aramco’s net profits were helped by second-quarter earnings ending in June
HIGH OIL PRICES HELP SAUDI ARAMCO EARN $88B IN FIRST HALF
SAUDI Aramco engineers and journalists look at the Hawiyah Natural Gas Liquids Recovery Plant in Hawiyah, in the Eastern Province of Saudi Arabia on June 28, 2021. Saudi oil company Aramco’s half-year profits peaked just shy of $88 billion for the first half of the year as oil prices remain high globally. The oil and gas company, which is nearly entirely state-owned, said Sunday, Aug. 14, 2022, it also saw a 90% surge in net profits for the second quarter of 2022 compared to the same time last year. Photo:Amr Nabil/AP
that hit $48.4 billion — a figure higher than all of the first six months of 2021, when profits reached just $47 billion. It sets a new quarterly earnings record for Aramco since it first floated around 5% of the company on the Saudi stock market in late 2019. Its earnings for just this past quarter are almost what Aramco’s full-year profits were in 2020, when demand for oil crashed during pandemic lock downs. Its half-year earnings of $87.9 billion put Aramco on track to far sur pass the full-year earnings of 2019, prior to the pan demic, when profits hit $88 billion.The company credited the jump to higher crude oil prices and volumes sold, as well as higher refining margins. Saudi Arabia’s vast oil reserves are among the cheapest to produce in theAramco’sworld. finances are crucial to the kingdom’s stability; when its margins are high, Saudi Arabia’s economic growth reflects that. As countries around the world grapple with inflation and recession, the International Monetary Fund projects the Saudi economy will grow by more than 7.6% this year, the highestDespiteglobally.years of efforts by Crown Prince Moham med bin Salman to diversify the economy, and some success in increasing nonoil revenue, Saudi Arabia continues to rely heavily on crude exports that pay for public sector salaries, gen erous benefits to citizens and defense spending. Ara mco’s earnings also help the prince carry out his Vision 2030 infrastructure goals.The company will pay a dividend of $18.8 bil lion for the second quarter to shareholders, as it has promised to do since its debut on the stock market. The higher profits bode well for the Saudi govern ment, which is the main shareholder of Aramco. Aramco is seen as the key to overhauling the Saudi economy. Its pro ceeds from the IPO were transferred to the country’s sovereign wealth fund to invest in projects to spur new sectors and generate new jobs for Saudi youth. Brent crude has been trading at around $100 a barrel, even as OPEC, led by Saudi Arabia, and nonOPEC producers, led by Russia, have been stead ily increasing production levels that had been cut during the height of the pandemic. The price of oil rose sharply after Russia invaded Ukraine in Feb ruary. Prices have dipped below the $100 mark in past weeks amid sloweddown economic growth in China and the U.S. Aramco President CEO Amin Nasser said he expects oil demand to con tinue to grow for the rest of the decade, despite cur rent downward economic pressures. OPEC has said it expects world oil demand to rise by around 3 million barrels per day this year with total oil demand to average 100 million barrels a day.Nasser said Aramco’s financial results so far this year reflect this increased demand for oil, even as countries around the world, including Saudi Arabia, pledge to cut their carbon emissions to avert cata strophic global warming levels.“The world is calling out for affordable, reliable energy and we are answer ing that call,” he said, urging greater investments in oil and gas.
Sinema's office declined to make her available for an interview. Hannah Hurley, a Sinema spokesperson, acknowledged the senator shares some of the indus try's views on taxation, but rebuffed any suggestion that the donations influenced her thinking."Senator Sinema makes every decision based on one criteria: what's best for Arizona," Hurley said in a statement. "She has been clear and consistent for over a year that she will only support tax reforms and rev enue options that support Arizona's economic growth and forlaunchingpaycorporationsandcampaignwhoself-styledascontrasttreatmentwealthystatement.CEOMaloney,theirbusinessesworkersvatetheCongressensureprovisions.theirvatethatmentThecompetitiveness."AmericanInvestCouncil,atradegrouplobbiesonbehalfofpriequity,alsodefendedpushtodefeatthetax"Ourteamworkedtothatmembersoffrombothsidesofaisleunderstandhowpriequitydirectlyemploysandsupportssmallthroughoutcommunities,"Drewtheorganization'sandpresident,saidinaSinema'sdefenseofinvestors'taxoffersajarringtoherbackgroundaGreenPartyactivistand"Pradasocialist"oncelikenedacceptingcashto"bribery"latercalledfor"big&therichtotheirfairshare"beforeherfirstcampaignCongressin2012.
THE TRIBUNE Monday, August 15, 2022, PAGE 9
By BRIAN AssociatedSLODYSKOPress
SEN. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party's longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capi talists whose taxes would have increased under the plan.For years, Democrats have promised to raise taxes on such investors, who pay a significantly lower rate on their earnings than ordinary workers. But just as they closed in on that goal last week, Sinema forced a series of changes to her party's $740 billion election-year spending package, elimi nating a proposed "carried interest" tax increase on pri vate equity earnings while securing a $35 billion exemp tion that will spare much of the industry from a sepa rate tax increase other huge corporations now have to pay. The bill, with Sinema's alterations intact, was given final approval by Congress on Friday and is expected to be signed by President Joe Biden next week. Sinema has long aligned herself with the interests of private equity, hedge funds and venture capital, helping her net at least $1.5 million in campaign contributions since she was elected to the House a decade ago. But the $983,000 she has collected since last summer more than doubled what the industry donated to her during all of her preceding years in Congress combined, accord ing to an Associated Press review of campaign finance disclosures.Thedonations, which make Sinema one of the industry's top beneficiar ies in Congress, serve a reminder of the way that high-power lobbying campaigns can have dra matic implications for the way legislation is crafted, particularly in the evenly divided Senate where there are no Democratic votes to spare. They also highlight a degree of political risk for Sinema, whose unapologetic defense of the industry's favorable tax treatment is viewed by many in her party as "Fromindefensible.their vantage point, it's a million dollars very well spent," said Dean Baker, a senior economist at the Center for Economic and Policy Research, a liberal-leaning think tank. "It's pretty rare you see this direct of a return on your investment. So, I guess I would congratulate them."
Sinema took Wall Street money while killing tax on investors
JUDGE REVIVES OBAMA-ERA BAN ON COAL SALES FROM US LANDS
NOTICE is hereby given that MAKENLA JAMES VILCIUS of Cocoa Plum 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 sendshouldregistration/naturalizationnotbegranted,shouldawrittenandsigned statement of the facts within twenty-eight days from the 15th day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
PAGE 10, Monday, August 15, 2022 THE TRIBUNE
16.648.65 15.94-3.89%14.76% 12.8410.54 12.47-1.04%-2.57% 10.779.57 10.740.81%4.20% 10.009.88 N/AN/AN/A 10.438.45 10.433.00%25.60% 14.8911.20 14.897.90%48.70% MARKET TERMS BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 YIELD - last 12 month dividends divided by closing price - Highest closing price in last 52 weeks Bid $ - Buying price of Colina and Fidelity 52wk-Low - Lowest closing price in last 52 weeks Ask $ - Selling price of Colina and fidelity Previous Close - Previous day's weighted price for daily volume Last Price - Last traded over-the-counter price Today's Close - Current day's weighted price for daily volume Weekly Vol. - Trading volume of the prior week Change - Change in closing price from day to day EPS $ - A company's reported earnings per share for the last 12 mths Daily Vol. - Number of total shares traded today NAV - Net Asset Value DIV $ - Dividends per share paid in the last 12 months N/M - Not Meaningful P/E - Closing price divided by the last 12 month earnings TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | CORALISLE 242-502-7525 | LENO 242-396-3225 | BENCHMARK 242-326-7333 5.55%4.33%4.31%4.30% 15-Apr-204926-Jul-202817-Apr-203323-Sep-20324.87%4.43% 26-Jul-20377-Sep-2022 6.25% 31-Mar-202230-Sep-2025FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund 4.25%6.25%4.50%6.25% NAV Date 4.66%5.69%5.65% 31-May-202231-May-202231-Jan-202231-Jan-202231-Jan-202231-Jan-202231-May-202231-Jan-202231-Jan-202231-Mar-202115-Oct-204913-Jul-202821-Apr-205025-Mar-202215-Oct-202226-Jun-204526-Jun-202230-Jul-204515-Dec-204430-Jul-202215-Dec-2021 INTEREST Prime + 1.75% MARKET REPORT 31-Mar-202131-Mar-2021 MATURITY 31-Mar-202231-Mar-202220-Nov-202919-Oct-20224.50%6.95% 31-May-202231-Mar-2022 5.60%6.25%4.50% 15-Jul-2049 Colonial Bahamas Fund Class D Colonial Bahamas Fund Class E Colonial Bahamas Fund Class F 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 (242)323 2330 (242) 323 2320 www.bisxbahamas.com NOTICE is hereby given that WENDEL JOSEPH of Carmichael Road, 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
Few coal leases were sold in recent years after demand for the fuel shrank drastically. But the industry’s opponents had urged Morris to revive the Obama-era moratorium to ensure it can’t make a comeback as wildfires, drought, rising sea levels and other effects of climate change worsen. Coal combustion for electricity remains one of the top sources of U.S. greenhouse gas emissions, even after many power plants shut down over the past decade because of concerns over pollution and changing economic conditions.Thecoal program brought in about $400 mil lion to federal and state coffers through royalties and other payments in 2021, according to gov ernment data. It supports thousands of jobs and has been fiercely defended by industry miningclimateyearagainsttofrom—blockedleasetofirstBiden’sducingandRepublicansrepresentatives,inCongressofficialsincoal-prostates.AmongPresidentJoefirstactionsinhisweekinofficewassuspendoilandgassales—amovelaterbyafederaljudgeandhefacedpressureenvironmentalgroupstakesimilaractioncoal.Theadministrationlastlaunchedareviewofdamagefromcoalonpubliclands as it expanded scrutiny of government fossil fuel sales that contribute to greenhouse gas emissions. But no changes had been announced as a result of that“Thisreview.decision gives the Biden administration the opportunity to make good on its commitment to seri ously battle the climate crisis,” said Earthjustice attorney Jenny Harbine, who represented environ mental groups and the Northern Cheyenne Tribe in the case. “No progress has been made to reform the program or do what’s needed to phase out exist ingTheleases.”Northern Cheyenne Reservation in southeast ern Montana is near several major strip mines. Tribal members have long fought against further develop ment. Tribal President Serena Wetherelt said in a statement that Biden and Interior Secretary Deb Haaland need to fulfill their trust obligation and take a hard look at the effects of the U.S. federal lands energy“Ourprogram.landsand waters mean everything to us,” Wetherelt said. Interior Department officials were reviewing the ruling, spokesperson Melissa Schwartz said. National Mining Associ ation President Rich Nolan said the industry lobbying group would appeal Fri day’s ruling.
BSBGRS750225100.54100.540.00 100.34100.04BGRS FL BGRS81037 BSBGRS810375100.34100.340.00 100.23100.00BGRS FL BGRS88028 BSBGRS880287100.00100.000.00 100.0089.62BGRS FX BGR129249 BSBGR129249389.6289.620.00 100.0089.00BGRS FX BGR131249 BSBGR1312499100.00100.000.00 100.9890.24BGRS FX BGR132249 BSBGR1322498100.00100.000.00 100.0090.73BGRS FX BGR136150 BSBGR1361504100.00100.000.00 MUTUAL FUNDS 52WK HI52WK LOW NAV YTD%12 MTH% 2.522.11 2.520.99%4.22% 4.693.30 4.690.36%5.78% 2.221.68 2.210.67%2.74% 207.86164.74 197.44-2.97%-2.35% 212.41116.70 202.39-4.72%6.04% 1.741.69 1.741.37%3.03% 1.841.75 1.841.19%5.23% 1.831.76 1.831.62%4.13% 1.030.97 0.97-5.25%-6.07% 9.376.41 9.37-0.02%10.36% 11.837.62 11.79-0.33%18.23% 7.545.66
Photo:Matthew Brown/AP 100.00100.00BGS: 2015-10-7Y BG0407 100.00100.000.00 101.5599.72BGRS FX BGR124228 BSBGR1242282101.55101.550.00 100.2299.98BGRS BGRS99032 BSBGRS990326100.50100.500.00 BGRS97033 BSBGRS970336100.09100.090.00 100.43100.43BGRS FL BGRS75022 7.540.22%3.05% any reason why sendshouldregistration/naturalizationnotbegranted,shouldawrittenandsigned statement of the facts within twenty-eight days from the 15th day of August, 2022 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE LEGAL NOTICE OF DISSOLUTION International Business Companies Act (No. 45 of 2000) In Voluntary Liquidation Notice is hereby given in accordance with Section 138 (8) of the International Business Companies Act, No.45 of 2000, the Dissolution of ACCOM LTD. has been completed, a Certificate of Dissolution has been issued and the Company has therefore been struck off the Register. The date of completion of the dissolution was the 29th day of October, 2021.
IN this April 4, 2013, file photo, a dragline excavator moves rocks above a coal seam at the Spring Creek Mine in Decker, Mont. A federal judge has reinstated a moratorium on coal leas ing from federal lands that was imposed under former President Barack Obama and then scuttled under former President Donald Trump, Friday, Aug. 12, 2022.
LEGAL NOTICE OF DISSOLUTION International Business Companies Act (No. 45 of 2000) In Voluntary Liquidation Notice is hereby given in accordance with Section 138 (8) of the International Business Companies Act, No.45 of 2000, the Dissolution of MOON RIVER TRADE LTD. has been completed, a Certificate of Dissolution has been issued and the Company has therefore been struck off the Register. The date of completion of the dissolution was the May 20th, 2022.
By MATTHEW BROWN Associated Press A FEDERAL judge on Friday reinstated a mora torium on coal leasing from federal lands that was imposed under former President Barack Obama and then scuttled under former President Donald Trump, in an order that marked a major setback to the already struggling coal industry.Theruling from U.S. District Judge Brian Morris requires govern ment officials to conduct a new environmental review before they can resume coal sales from federal lands. Morris faulted the government’s previous review of the program, done under Trump, for fail ing to adequately consider the climate damage from coal’s greenhouse gas emis sions and other effects. Almost half the nation’s annual coal production — some 260 million tons last year — is mined by pri vate companies from leases on federal land, primarily in Western states such as Wyoming, Montana and Colorado.
FL
LEGAL NOTICE OF DISSOLUTION International Business Companies Act (No. 45 of 2000) In Voluntary Liquidation DUBAI GROUP ASSETS INC. (the “Company”) Notice is hereby given that, in accordance with Section 138 (8) of the International Business Companies Act, No.45 of 2000, the Dissolution of DUBAI GROUP ASSETS INC. has been completed, a Certificate of Dissolution has been issued and the Company has therefore been struck off the Register. The date of completion of the dissolution was the 29th day of October, 2021.
FRIDAY, 12 AUGUST 2022 CLOSECHANGE%CHANGEYTDYTD% BISX ALL SHARE INDEX: 2589.241.720.07361.0016.20 BISX LISTED & TRADED SECURITIES 52WK HI52WK LOWSECURITY SYMBOLLAST CLOSECLOSECHANGE VOLUMEEPS$DIV$P/E YIELD 6.755.30 AML Foods Limited AML 6.70 6.700.00 0.2390.17028.02.54% 53.0033.80 APD Limited APD 39.95 39.950.00 0.9321.26042.93.15% 2.721.60Benchmark BBL 2.55 2.710.16 4,9000.0000.020N/M0.74% 2.612.20Bahamas First Holdings Limited BFH 2.46 2.460.00 0.1400.08017.63.25% 2.601.30Bank of Bahamas BOB 2.51 2.510.00110,0000.0700.000N/M0.00% 6.205.75Bahamas Property Fund BPF 6.20 6.200.00 1.7600.000N/M0.00% 10.057.50Bahamas Waste BWL 9.75 9.750.00 0.3690.26026.42.67% 4.152.82Cable Bahamas CAB 3.91 3.910.00 -0.4380.000-8.9 0.00% 10.655.40Commonwealth Brewery CBB 10.15 10.150.00 5500.1400.00072.50.00% 3.652.27Commonwealth Bank CBL 3.30 3.310.01 5,0560.1840.12018.03.63% 8.255.95Colina Holdings CHL 8.16 8.160.00 0.4490.22018.22.70% 17.509.80CIBC FirstCaribbean Bank CIB 16.00 16.000.00 0.7220.72022.24.50% 2.651.99Consolidated Water BDRs CWCB 2.93 2.940.01 0.1020.43428.814.76% 11.288.25Doctor's Hospital DHS 10.26 10.260.00 0.4670.06022.00.58% 11.2510.02Emera Incorporated EMAB 11.70 11.760.06 0.6460.32818.22.79% 10.8510.00Famguard FAM 10.85 10.850.00 0.7280.24014.92.21% 18.3013.10Fidelity Bank (Bahamas) Limited FBB 18.30 18.300.00 0.8160.54022.42.95% 4.003.50Focol FCL 3.90 3.900.00 0.2030.12019.23.08% 11.008.20Finco FIN 11.00 11.000.00 0.9390.20011.71.82% 16.5015.50J. S. Johnson JSJ 15.50 15.500.00 0.6310.61024.63.94% PREFERENCE SHARES 1.001.00Bahamas First Holdings PreferenceBFHP 1.00 1.000.00 0.0000.0000.0000.00% 1000.001000.00 Cable Bahamas Series 6 CAB6 1000.001000.000.00 0.0000.0000.0000.00% 1000.001000.00 Cable Bahamas Series 9 CAB9 1000.001000.000.00 0.0000.0000.0000.00% 1.001.00Colina Holdings Class A CHLA 1.00 1.000.00 0.0000.0000.0006.25% 10.0010.00Fidelity Bank Bahamas Class A FBBA 10.0010.000.00 0.0000.0000.0007.00% 1.001.00Focol Class B FCLB 1.00 1.000.00 0.0000.0000.0006.50% CORPORATE DEBT - (percentage pricing) 52WK HI52WK LOWSECURITY SYMBOLLAST SALECLOSECHANGEVOLUME 100.00100.00Fidelity Bank (Note 22 Series B+)FBB22 100.00100.000.00 100.00100.00Bahamas First Holdings LimitedBFHB 100.00100.000.00 BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.92104.79Bahamas Note 6.95 (2029) BAH29 107.31107.310.00 100.00100.00BGS: 2014-12-7Y BG0107 100.00100.000.00 100.00100.00BGS: 2015-1-7Y BG0207 100.00100.000.00 100.00100.00BGS: 2014-12-30Y BG0130 100.00100.000.00 100.00100.00BGS: 2015-1-30Y BG0230 100.00100.000.00 100.00100.00BGS: 2015-6-7Y BG0307 100.00100.000.00 100.00100.00BGS: 2015-6-30Y BG0330 100.00100.000.00
100.4399.96BGRS FL
AssociatedBERLIN Press
Germans urged to cap heat in offices this winter to
MPLOYEES stand around the turbine serviced in Canada for the Nordstream 1 natural gas pipeline in Muelheim an der Ruhr, Germany, Aug. 3, 2022. German Chancellor Olaf Scholz visited a plant by Siemens Energy where a turbine, which is at the center of a dispute between Germany and Russia over reduced gas supplies, is currently sitting in storage until it can be shipped to Russia.Photo:AP 0.0 11:28 p.m. 3.3 5:23 p.m. 0.3 12:00 p.m. 3.2 5:48 a.m. 0.2 ‑‑‑‑‑ ‑‑‑‑‑ 6:17 p.m. 0.6 12:17 a.m. 3.0 6:35 a.m. 0.4 12:52 p.m. 3.1 7:12 p.m. 0.8 1:07 a.m. 2.7 7:23 a.m. 0.6 1:47 p.m. 3.0 8:11 p.m. 1.0 SundaySaturdayFriday 2:00 a.m. 2.5 8:14 a.m. 0.8 2:43 p.m. 2.9 9:12 p.m. 1.2 2:57 a.m. 2.3 9:08 a.m. 0.9 3:42 p.m. 2.8 10:14 p.m. 1.3 3:57 a.m. 2.3 10:04 a.m. 1.0 4:39 p.m. 2.9 11:12 p.m. 1.3
marine Forecast WINDS WAVES VISIBILITY WATER TEMPS. ABACO Today: W at 4 8 Knots 1 3 Feet 10 Miles 86° F Tuesday: SSW at 7 14 Knots 1 3 Feet 10 Miles 86° F ANDROS Today: VAR at 2 4 Knots 0 1 Feet 10 Miles 87° F Tuesday: SSE at 3 6 Knots 0 1 Feet 10 Miles 89° F CAT ISLAND Today: SSE at 3 6 Knots 1 3 Feet 10 Miles 86° F Tuesday: SE at 6 12 Knots 1 3 Feet 10 Miles 86° F CROOKED ISLAND Today: ESE at 6 12 Knots 1 3 Feet 10 Miles 85° F Tuesday: ESE at 7 14 Knots 1 3 Feet 10 Miles 86° F ELEUTHERA Today: SSW at 4 8 Knots 1 3 Feet 10 Miles 86° F Tuesday: SSE at 6 12 Knots 1 3 Feet 6 Miles 86° F FREEPORT Today: WNW at 3 6 Knots 1 2 Feet 10 Miles 83° F Tuesday: SSW at 6 12 Knots 1 2 Feet 7 Miles 83° F GREAT EXUMA Today: SE at 4 8 Knots 0 1 Feet 10 Miles 87° F Tuesday: SE at 4 8 Knots 0 1 Feet 10 Miles 88° F GREAT INAGUA Today: E at 6 12 Knots 1 3 Feet 10 Miles 86° F Tuesday: E at 6 12 Knots 1 3 Feet 10 Miles 85° F LONG ISLAND Today: SSE at 6 12 Knots 1 2 Feet 10 Miles 86° F Tuesday: ESE at 6 12 Knots 1 3 Feet 10 Miles 87° F MAYAGUANA Today: ESE at 6 12 Knots 1 3 Feet 10 Miles 85° F Tuesday: ESE at 4 8 Knots 2 4 Feet 10 Miles 86° F NASSAU Today: SSW at 2 4 Knots 1 2 Feet 10 Miles 85° F Tuesday: SSE at 4 8 Knots 0 1 Feet 10 Miles 86° F RAGGED ISLAND Today: SE at 4 8 Knots 1 3 Feet 10 Miles 86° F Tuesday: ESE at 7 14 Knots 1 3 Feet 10 Miles 86° F SAN SALVADOR Today: S at 4 8 Knots 1 2 Feet 10 Miles 86° F Tuesday: SSE at 6 12 Knots 0 1 Feet 6 Miles 86° F uV inDex toDay The higher the AccuWeather UV IndexTM number, the greater the need for eye and skin protection. Forecasts and graphics provided by AccuWeather, Inc. ©2022 tracking map Shown is today’s weather. Temperatures are today’s highs and tonight’s lows. NS EW S 3 6 knots NSW E 4 8 knots NS EW 3 6 knots NS EW 4 8 knots NS EW S 4 8 knots NSW E 6 12 knots NS EW S 4 8 knots NS EW 2 4 knots | Go to AccuWeather.com
Shown is today’s weather. Temperatures are today’s highs and tonight’s lows. Low:ORLANDO75°F/24° C High: 91° F/33° C Low:TAMPA80°F/27° C High: 89° F/32° C WEST PALM BEACH Low: 76° F/24° C High: 89° F/32° C FT.High:Low:LAUDERDALE78°F/26°C90°F/32°C KEY WEST Low: 82° F/28° C High: 88° F/31° C Low: 79° F/26° C High: 89° F/32° C Low:ABACO76°F/24° C High: 90° F/32° C High:Low:ELEUTHERA74°F/23°C91°F/33°C RAGGED ISLAND Low: 76° F/24° C High: 88° F/31° C GREAT EXUMA Low: 76° F/24° C High: 88° F/31° C CAT ISLAND Low: 75° F/24° C High: 90° F/32° C SANHigh:Low:SALVADOR75°F/24°C90°F/32°C CROOKED ISLAND / ACKLINS Low: 75° F/24° C High: 89° F/32° C LONG ISLAND Low: 75° F/24° C High: 90° F/32° C MAYAGUANALow:80°F/27°CHigh:88°F/31°C GREAT INAGUA Low: 77° F/25° C High: 88° F/31° C Low:ANDROS76°F/24° C High: 89° F/32° C Low: 77° F/25° C High: 89° F/32° C FREEPORT NASSAULow: 78° F/26° C High: 90° F/32° C MIAMI THE WEATHER REPORT 5-Day Forecast A t‑storm in spots in the afternoon High: 89° AccuWeather RealFeel 97° 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. Partly cloudy Low: 79° AccuWeather RealFeel 87° F Mostly sunny High: 89° AccuWeather RealFeel Low: 78° 97°-88° F Partly sunny High: 90° AccuWeather RealFeel Low: 79° 98°-88° F Mostly sunny High: 91° AccuWeather RealFeel Low: 80° 99°-88° F Partly sunny with a thunderstorm High: 90° AccuWeather98°-89°RealFeelF Low: 81° TODAY TONIGHT TUESDAY WEDNESDAY THURSDAY FRIDAY almanac High 88° F/31° C Low 77° F/25° C Normal high 89° F/32° C Normal low 76° F/24° C Last year’s high 90° F/32° C Last year’s low 73° F/23° C As of 2 p.m. yesterday trace Year to date 38.55” Normal year to date 22.22” Statistics are for Nassau through 2 p.m. yesterday PrecipitationTemperature sun anD moon tiDes For nassau Aug.Last19 Aug.New27 Sep.First3 Sep.Full10 Sunrise 6:44 a.m. Sunset 7:45 p.m. Moonrise 10:31 p.m. Moonset 10:17 a.m. ThursdayWednesdayTuesdayToday High Ht.(ft.) Low Ht.(ft.) 11:09 a.m. 3.3 5:02 a.m.
PAGE 12, Monday, August 15, 2022 THE TRIBUNE
GERMAN businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahr enheit) this winter to help reduce the country’s con sumption of natural gas, Germany’s economy minis ter said Germany,Saturday.the European Union’s biggest economy, is quickly trying to wean itself off using natural gas from Russia in response to Mos cow’s attack on Ukraine. However Germany uses more Russian gas imports than many other EU nations. Russia has already cut off gas exports to sev eral EU nations, and officials fear Moscow will use the gas exports as a political weapon to get sanctions against Russia reduced — or even cut the exports to Europe off alto gether in the winter, when demand is the highest. Economy Minister Robert Habeck said while the EU’s 27 countries have pledged to cut their gas use by 15% from August compared to the previous five-year average, Germany needs to reduce its con sumption by 20%. Habeck is also propos ing banning the heating of non-commercial private save gas
