08182017 business

business@tribunemedia.net

FRIDAY, AUGUST 18, 2017

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Duty increases drives FESTIVAL PROGRAMME WOULD BE Aquapure growth MAGNET TO BOOST CRUISE REVENUE

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net

A LEADING local bottled water manufacturer said yesterday it was enjoying ‘a very good summer’ with sales up an estimated five percent over last year.

Geoffrey Knowles, Aquapure’s operations manager told Tribune Business: “The water business has been very good this summer. It’s certainly very hot and that is undoubtedly a factor. We saw significant traffic today with people likely trying to stock up with those systems that appear to be moving in our direction.

“Our financial year just ended in July and business is up I would say about five percent over last year. We consider that to be pretty good.”

The Aquapure operations manager cited water as an example of how government taxation policies could benefit Bahamian manufacturers, with the duty increase to 100 percent under the former Christie administration enabling its one-gallon and bottled

water products to enjoy a 10 percent sales increase.

“That helped us tremendously,” said Mr Knowles.

Still, he noted energy costs for local manufacturers remain a major concern with Aquapure spending $75,000-$80,000 a month for electricity, a cost second only to payroll.

He noted however that it would likely be another two months before the company could determine the impact of the Minnis administration’s decision to impose a 30 percent tariff on imported fruit drinks.

Mr Knowles had previously told the Tribune that Aquapure’s Tampico fruit punch would likely suffer a 20-30 percent market share loss to imported fruit drinks such as Sunny Delight.

“We won’t know the full effects of that decision for another two months or so but I have recently discovered two new brands in the market,” said Mr Knowles.

The Minnis administration had initially planned to eliminate the original 60 percent tariff on imported fruit drinks altogether but ultimately decided to slash it to 30 percent instead.

Fledgling franchise shows signs of success

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LOCAL sign manufacturer Signarama said yesterday it had seen ‘almost double growth’ in its business compared with last year.

The Bahamian owned franchise located on East Shirley Street turns four years old this month.

Karen Knowles, the company’s founder told Tribune Business yesterday: “We’re really excited to be celebrating four years in business. Business has

really been tremendous.

We have seen the business grow every single year and we have seen almost double growth this year compared to last. We had to invest in more printers.

“We pride ourselves in our excellent customer service and extensive quality control. We love going above and beyond our customer’s expectations every day and can’t thank them enough for the referrals and recommendations. We absolutely love what we do and we think it shows. It makes a difference that we care about your business See PG B2

WHERE HIT MUSIC LIVES W W W .

1 0 0 J A M Z

. C O M

@100JAMZ242

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas should encourage the creation of more signature cultural and heritage festivals as a means to attract cruise visitors and create economic opportunities for Bahamian entrepreneurs, a local event organiser said yesterday.

Dario Tirelli, founder of Events 242 told Tribune Business a signature festival

each month could be a major draw for cruise visitors.

“Every month there should be a go-to festival here,” he said. “Product distributors should partner with private citizens and festival event planners to make it happen. Festivals can generate significant business for local vendors, give them an opportunity to promote their products and provide more money to the government via taxes.

DARIO TIRELLI

“Bahamians need to start promoting themselves to the cruise industry and

BISX welcomes new listing BAHAMAS International Securities Exchange (BISX) yesterday announced that Oil & Gas Opportunity Lending Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process.

As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange.

The Oil & Gas Opportunity Lending Fund Ltd. is an open-ended mutual fund and is incorporated

as an International Business Company under the laws of the Commonwealth of The Bahamas and was restructured as a Segregated Accounts Company as defined in the Segregated Accounts Companies Act, 2004. In speaking of the Listing, Ivan Hopper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are pleased to have sponsored the listing of the Oil & Gas Opportunity Lending Fund Ltd.,

an institutional fund focusing in the provision of financing to exploration, drilling, refining, and processing services companies in emerging markets with a particular emphasis in Latin-America. As the largest Fund Administrator by number of funds in The Bahamas, listing has become a key component of our offering. Listing with BISX is a key enhancer to this offering and our ability to attract funds to The Bahamas¨.

create events to draw cruise bookings. That is a really big market. We have about 57,000 people coming off the cruise ships each week. We can use festivals as a draw for them and help generate more spend.”

Tourism Minister Dionisio D’Aguilar last week noted cruise ship passengers to this destination are on average spending just $69 while our stopover visitors are spending approximately $1,500.

Cruise ship passengers however represent 75 percent of See PG B2

BISX Chief Executive Officer, Keith Davies added: “Our mutual fund facility remains a fast growing product line of the Exchange. We are proud to partner with the Winterbotham Trust Company Limited and all of our Sponsor Members to offer this value added service to their clients.”

OGOL Management Services Ltd. is the Investment Manager and The Winterbotham Trust Company Limited has been appointed to serve as the Administrator of the Fund.

PAGE 2, Friday, August 18, 2017

THE TRIBUNE

Times, they need to be changing As the racism and bigotry discussion reopens in North America in the presence of a supreme leader who seemingly welcomes the different treatment of others by virtue of their colour, nationality, socioeconomic standing or sexual orientation, we must pause as well to evaluate our own corporate position on similar matters. Workplace diversity is a conversation we have had for many years and after awful years of segregation between races in the mid twentieth century and the various suffrage movements resulted in great civil unrest, both government, private sector and civil society accepts the global standards of human dignity, value and worth.

What is the problem then? Why are there stilltoday-in the Bahamas, severe cases of discrimination and bigotry? Typically we speak to the dimensions of diversity as differences

in nationality, ethnicity, race, political persuasion, religious belief, sexual orientation, age, gender assignment, mobility, economic prowess, societal class and educational achievement. These are further drilled down into deeper levels of discrimination. Darker skinned Bahamians for an example speak of the privilege that their lighter skinned counterparts experience in job placement and during promotion exercises. Somehow the message that ‘bright’ is right is strongly communicated in the workplace, particularly in ‘front of house’ environments.

In response to the question posed, I offer for your consideration the following reasons: Increase the discussions.

There seems to be little dialogue around the myriad or scope of dimension we see in the Bahamian workforce

Fledgling franchise shows signs of success From pg B1 too and we want to see you succeed.

“Branding is so important, you need signs and marketing material to get your name out there. That is what we are here for. We come up with the creative solution to suit your needs and always can achieve it within your individual budget.”

The company earned a First Place international

award in 2016 for Best Vehicle Wrap Design.

Knowles noted that Signarama began due to frustration with the service and prices in the industry at the time. “We moved on from retail after spending 23 years operating the Sport’s Locker, the family business, at the Town Centre Mall. We decided to get into the sign manufacturing business because we we’re frustrated customers,

Festival programme would be magnet to boost cruise revenue From pg B1 total visitor arrivals yet they only represent 12 percent of the spend.

Mr Tirelli noted that New Orleans has its calendar booked all year long

with famous festivals in the French Quarter.

“New Orleans brags about more festivals than days in the year. They even have tours going into the grave yard. We can create entertainment tours which can

today. With four generations, multiple nationalities and varying belief systems in our 21st century workplace, greater emphasis must be placed on deepening our conversation towards those things that make us appear different.

This conversation will inevitably convince us that we are more similar than we think. Truth is people tend to fear the most what they don’t understand. Communication helps us to break down the barrier that is called fear.

Leadership that models.

When the leader holds to bias and is possessed with the demon seed of discrimination, there is little hope for the wider corporate community. Leaders set the pace and establish the unspoken tone of the workplace environment just by what they do. Sometimes it’s the simple things, like the racist, female degrading prices were high a service was lacking. We received an amazing response and we believe that we have been able to succeed succeeding because we changed people’s mentality in the industry.

“Month to month year to year we have seen exponential growth. The sales have just been climbing.

We have been extremely busy since the day that we opened,” said Knowles Signarama is the world’s largest sign franchise, with over 900 different locations around the globe and 30 years in business. help generate more income for people. We can promote more of our heritage and culture and create entrepreneurial opportunities for Bahamians by creating more signature festivals. We know festivals here can be successful. The Summer Junkanoo hosted by the Ministry of Tourism two years in a row was a huge success for local vendors,” said Mr Tirelli.

or ‘sissy’ jokes. To whom much is given much is required certainly applies to the conversation of leaders and workplace diversity.

We must hold our managers, supervisors and senior company executives to a higher workplace standard.

No policies. Sometimes organisations need to clarify their position on critical matters of diversity. America has recently had to engage talks on bathroom use and persons who are transgender. Making the policy clear does not cause the organisations to take a moral position, it simply states that our environment is a safe place for people to work professionally without the fear of intimidation of being ridiculed. It’s an adult conversation and while we realise many among us, despite their advanced age, are not ready to have this conversation, organisations through their policy

statements must lead the charge.

No consequences. Policies without teeth are useless. After employees have been made aware of the position of the organisations, everyone has to be held accountable to the standard. No one is exempt.

The diversity training and the constant reinforcement must precede the write up and termination of employees not conforming.

We are products of our environment and still deeply rooted in many of our homes is a warped value system that seeks to devalue our brothers and sisters. We must all join this fight and more importantly stamp out the hate that resides in our very own souls towards God’s greatest creation.

• NB: Ian R. Ferguson is a talent management

IAN FERGUSON and organisational development consultant, having completed graduate studies with regional and international universities.

He has served organsations, both locally and globally, providing relevant solutions to their business growth and development issues.

He may be contacted at tcconsultants@ coralwave.com.

CPC gets down to work

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net CONSUMER Protection Commission (CPC) newly appointed board has held its first meeting. In attendance was Minister of Labor and Senator Dion Foulkes who has responsibility for consumer affairs. Minister Foulkes’ five year strategic plan for CPC was laid out at the meeting. CPC will employ strategies that are consistent with the following guiding principles /core values.

Emphasis will be on educating consumers, sustainable consumption in a competitive market for goods and services, adherence to international food safety standards and support for local production and consumption.CPC says it will will partner with other agencies in pursuing these targets.

THE TRIBUNE

Friday, August 18, 2017, PAGE 3

US STOCK MARKET INDEXES SINK AS TECHNOLOGY COMPANIES FALL

By MARLEY JAY Associated Press NEW YORK (AP) — U.S. stocks are taking broad losses Thursday, led by declines in technology companies. Cisco Systems dropped after issuing a disappointing sales forecast, and retailers were also weak as Wal-Mart slumped.

Bond prices rose, sending yields lower.

KEEPING SCORE: The Standard & Poor’s 500 index dropped 25 points, or 1 percent, to 2,442 as of 1:50 p.m. Eastern time. The Dow Jones industrial average declined 187 points, or 0.9 percent, to 21,837. The Nasdaq composite lost 86 points, or 1.4 percent, to 6,258. The Russell 2000 index of smaller-company stocks fell 14 points, or 1 percent, to 1,369.

WAL-MART HITS A WALL: Wal-Mart Stores did better than analysts expected in the second quarter as shoppers spent more money on its website and more people came to its stores. Wal-Mart stock has rallied over the last month, but Thursday’s results weren’t enough to keep that going. The stock lost $1.35, or 1.7 percent, to $79.63 although it is still up 8 percent since July 10.

Other retailers slipped as well. Amazon fell $12.90, or 1.3 percent, to $965.28 and Macy’s lost 45 cents, or 2.2 percent, to $19.70.

STRIPPED BARE: L Brands, the parent of Victoria’s Secret, tumbled after it cut its annual profit forecast because of weakening sales. The company said an important sales measurement dropped 8 percent, more than the company

had anticipated. L Brands has been slipping all year because of the difficult business conditions for retailers and its own struggles after it stopped selling swimwear.

The stock retreated $3.19, or 8.2 percent, to $35.76 and it’s down 46 percent this year.

EARNINGS GAINS: Overall it’s been another strong quarter of corporate earnings. Per-share profits for S&P 500 companies have grown almost 11 percent in the second quarter versus the same period a year ago. Profits for energy companies have quadrupled because the price of oil has stabilized, and technology companies have also posted big gains. Consumer-focused companies haven’t done as well.

ROUTER OUTAGE: Cisco Systems fell $1.40, or 4.3 percent, to $30.95 after it said sales will decline in the current quarter. It’s expecting a decline of 1 to 3 percent from the $12.4 billion in revenue it reported a year ago.

Data storage company NetApp offered a forecast for the current quarter that disappointed investors. Its stock lost $2.61, or 6.2 percent, to $39.80. Elsewhere, Apple retreated $2.10, or 1.3 percent, to $158.85 while software maker Adobe Systems skidded $3.16, or 2.1 percent, to $148.64 and chipmaker Texas Instruments fell $1.82, or 2.2 percent, to $80.64.

BONDS: Bond prices inched higher. The yield on the 10-year Treasury note fell to 2.20 percent from 2.23 percent.

NOT A RENTAL: United Rentals said it will buy smaller competitor

U.S. stocks are lower early Thursday, Aug. 17, 2017, as investors fail to get excited by quarterly reports from big names like retailer Walmart and technology bellwether Cisco Systems.

(AP Photo/Mark Lennihan, File)

Neff for $25 a share, or $596 million. Neff said earlier this week that it received an offer but did not name the buyer. Neff had previously accepted an offer of $21.07 a share from H&E Equipment Services, which declined to make a bigger offer.

United Rentals climbed 42 cents to $112.39.

Neff, which dipped on Wednesday, rose 30 cents, or 1.2 percent, to $24.85.

ENERGY: Benchmark U.S. crude rose 31 cents to $47.09 a barrel in New York. Brent crude, used to price international oils, added 67 cents, or 1.3 percent, to $50.94 a barrel in London.

METALS: Gold rose $9.50 to $1,292.40 an ounce.

Silver added 11 cents to $17.05 an ounce. Copper lost 2 cents to $2.94 a pound.

COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT

2014 CLE/GEN/01373

CURRENCIES: The dollar dipped to 109.77 yen from 110.16 yen. The euro fell to $1.1743 from $1.1769.

OVERSEAS: Germany’s DAX fell 0.5 percent and the CAC 40 of France shed 0.6 percent. Britain’s FTSE 100 also gave up 0.6 percent. The Japanese Nikkei 225 index edged 0.1 percent lower and Hong Kong’s Hang Seng dropped 0.2 percent. In South Korea, the Kospi gained 0.6 percent.

TO ADVERTISE TODAY IN THE TRIBUNE CALL @ 502-2394

NOTICE

FLOMING TRADING CORP. Company No. 520405 (In Voluntary Liquidation)

NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that FLOMING TRADING CORP. is in voluntary liquidation. The voluntary liquidation commenced on 2nd August, 2017 and Anja Lange of Dorfstrasse 20, 8700 Kűsnacht, Switzerland, has been appointed as the Sole Liquidator.

Dated this 14th day of August, 2017 Sgd. Anja Lange Voluntary Liquidator

COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT

2014 CLE/GEN/01590

Common Law and Equity Division

Common Law and Equity Division IN THE MATTER of an Indenture of Mortgage made the 29th day of April, A.D., 2008 between Tevia T. Moore and Finance Corporation of Bahamas Limited.

IN THE MATTER of an Indenture of Mortgage made the 29th day of October, A.D., 2002 between Abraham Farrington and Janet Edith Farrington and Finance Corporation of Bahamas Limited.

AND IN THE MATTER of the Mortgages Act, Chapter 156 of the Revised Laws

AND IN THE MATTER of the Mortgages Act, Chapter 156 of the Revised Laws

BETWEEN

BETWEEN

FINANCE CORPORATION OF BAHAMAS LIMITED Plaintiff AND TEVIA T. MOORE To: Tevia Moore

Defendant

TAKE NOTICE that an action has been commenced against you in the Supreme Court of the Commonwealth of The Bahamas by Finance Corporation of Bahamas Limited, Main Branch, 323 Bay Street, Nassau, New Providence, Bahamas, in which the Plaintiff’s claim is set out in the Originating Summons as renewed filed in this action on the 10th day of September, A.D., 2014 seeking an Order to direct you to deliver up possession of the Mortgaged Property known as Unit Numbered Fourteen (14) of “The Jasmine Apartments Condominium”, situated in the Garden Hills Estates, New Providence, Bahamas to Finance Corporation of Bahamas Limited within Twenty-eight (28) days of the Order and Judgment for the sum outstanding under the Indenture of Mortgage dated the 29th day of April, A.D., 2008, and that it has been ordered that the publication of a notice of the entry of the Originating Summons filed on the 10th day of September, A.D., 2014, Affidavit in support of application filed on the 11th day of November, A.D., 2014, Ex Parte Summons filed on the 19th day of February, A.D., 2016, Affidavit in support of Ex Parte Summons filed on the 22nd day of February, A.D., 2016 and Order filed on the 27th day of May, A.D., 2016 in The Tribune newspaper shall be deemed to be good and sufficient service of the said document upon you.

The Originating Summons will be heard before the Honourable Madam Justice Guillimina Archer-Minns of the Supreme Court at The Judicial Complex, East Street, Nassau, New Providence, Bahamas on Wednesday, the 30th day of August, A.D., 2017 at 9:30 o’clock in the forenoon, on which day you are to appear, and if you do not appear either in person or by your Attorney at the time and place abovementioned, such Order will be made as the Court thinks just.

If you desire to defend the said action, you must within fourteen (14) days from the publication of this advertisement, inclusive of the day of such publication, enter an appearance in person or by an attorney either (1) by handing in the appropriate forms duly completed, at the Registry of the Supreme Court, Ground Floor, BAF Financial Centre, Marlborough Street, Nassau, Bahamas, or (2) by sending them to that office by post.

A copy of the said Originating Summons, Ex Parte Summons, Affidavit in support of Ex Parte Summons and Order may be obtained from the Supreme Court Registry, Judicial Complex, East Street North, Nassau, Bahamas, or from the Attorneys for the Plaintiff below mentioned.

Dated the 15th day of August, A.D., 2017 HIGGS & JOHNSON Ocean Centre Montagu Foreshore East Bay Street Nassau, New Providence, Bahamas Attorneys for the Plaintiff

FINANCE CORPORATION OF BAHAMAS LIMITED Plaintiff AND ABRAHAM FARRINGTON First Defendant AND JANET EDITH FARRINGTON Second Defendant To: Abraham Farrington and Janet Farrington TAKE NOTICE that an action has been commenced against you in the Supreme Court of the Commonwealth of The Bahamas by Finance Corporation of Bahamas Limited, Palmdale Branch, Palmdale Shopping Plaza, Madeira Street, Nassau, New Providence, Bahamas, in which the Plaintiff’s claim is set out in the Originating Summons as renewed filed in this action on the 1st day of October, A.D., 2014 seeking an Order to direct you to deliver up possession of the Mortgaged Property situated in the Subdivision called and known as “DAME DORIS SUBDIVISION” comprising Lot “I”, situated in the Western District of the Island of New Providence, Bahamas to Finance Corporation of Bahamas Limited within Twenty-eight (28) days of the Order and Judgment for the sum outstanding under the Indenture of Mortgage dated the 29th day of October, A.D., 2002, and that it has been ordered that the publication of a notice of the entry of the Originating Summons filed on the 1st day of October, A.D., 2014, Affidavit in support of application filed on the 27th day of January, A.D., 2015, Ex Parte Summons filed on the 19th day of February, A.D., 2016, Affidavit in support of Ex Parte Summons filed on the 22nd day of February, A.D., 2016 and Order filed on the 4th day of May, A.D., 2017 in The Tribune Newspaper and Nassau Guardian newspaper shall be deemed to be good and sufficient service of the said document upon you.

The Originating Summons will be heard before the Honourable Madam Justice Guillimina Archer-Minns of the Supreme Court at The Judicial Complex, East Street, Nassau, New Providence, Bahamas on Tuesday, the 29th day of August, A.D., 2017 at 9:30 o’clock in the forenoon, on which day you are to appear, and if you do not appear either in person or by your Attorney at the time and place abovementioned, such Order will be made as the Court thinks just.

If you desire to defend the said action, you must within fourteen (14) days from the publication of this advertisement, inclusive of the day of such publication, enter an appearance in person or by an attorney either (1) by handing in the appropriate forms duly completed, at the Registry of the Supreme Court, Ground Floor, BAF Financial Centre, Marlborough Street, Nassau, Bahamas, or (2) by sending them to that office by post.

A copy of the said Originating Summons, Ex Parte Summons, Affidavit in support of Ex Parte Summons and Order may be obtained from the Supreme Court Registry, Judicial Complex, East Street North, Nassau, Bahamas, or from the Attorneys for the Plaintiff below mentioned.

Dated the 15th day of August, A.D., 2017 HIGGS & JOHNSON Ocean Centre Montagu Foreshore East Bay Street Nassau, New Providence, Bahamas Attorneys for the Plaintiff

PAGE 4, Friday, August 18, 2017

THE TRIBUNE

TENSE DAYS FOR BUSINESS OWNERS WITHOUT LEGAL STATUS IN US

By GISELA SALOMON AND CLAUDIA TORRENS Associated Press MIAMI (AP) — Maribel Resendiz and her husband came to the U.S. from Mexico, sold cool drinks to workers in the tomato fields of South Florida and eventually opened a bustling shop in a strip mall offering fruit smoothies and tacos.

Now she is preparing for the possibility she’ll have to leave it all behind.

Resendiz, who is not a legal U.S. resident, recently turned over control of the business in Florida City to her daughter, a citizen. The once-proud shop owner is so afraid of deportation these days that on a recent morning she was keeping out of sight of customers while her husband was not there at all.

“I am afraid the police will stop me, call immigration, and they will take me away to Mexico,” Resendiz said while cutting fruit for smoothies.

The couple, who came to the United States in 1992 and have not become legal residents, are among a growing number of business owners with the same status who are scrambling to get their affairs in order

FROM left, Diana Resendiz, Alberto Resendiz, and Maribel Resendiz, pose for a photo at their business Mr. Tutis Fruties in Florida City, Fl. Maribel Resendiz and her husband came to the U.S. from Mexico, sold cool drinks to workers in the tomato fields of South Florida and eventually opened a bustling shop in a strip mall offering fruit smoothies and tacos. Now she is preparing for the possibility she’ll have to leave it all behind.

(AP Photo/Lynne Sladky) amid a crackdown on illegal immigration under President Donald Trump.

As many as 10 percent of the 11 million or so immigrants in the United States without legal residency own businesses in the country by some estimates, and many are selling their enterprises, transferring them to relatives or closing altogether to avoid a total

The Bahamas Public Services Union

Special General meetinG for nomination of officerS to Serve for 2017-2020 The Bahamas Public Services Union in accordance with Article 21-(i) of the Union’s Constitution will hold a Special General meeting, for the nomination of officers to serve for the year 2017 - 2020 on Thursday, August 17th, 2017 beginning at 6:00pm at the Bahamas Communication and Public Officers Union located Farrington Road, Nassau Bahamas.

Nomination forms may be collected at the Union’s Administration Office, Wulff Road between the hours of 9:30am to 4:40pm Monday through Friday commencing Thursday, 3rd August, 2017 Candidates for all positions are urged to collect and return the completed forms to the Secretary General on or before 5:00pm Wednesday, 15th August 2017.

loss if they are abruptly deported.

They include people like Mauro Hernandez, a native of Mexico who operates a small chicken takeout and delivery restaurant along immigrant-heavy Roosevelt Avenue in the borough of Queens in New York City. He is now trying to sell.

There is Carmen and Jorge Tume, a couple from Peru, who have scaled back their mobile car wash business in Miami because they are so afraid of getting stopped by police and turned over to immigration.

“We don’t have any hope left,” said Carmen Tume, 50. “Everything we built is coming down.”

Hernandez, whose business was registered in the name of a friend who is a legal resident, said he is selling because he doesn’t want his partner to get stuck with it if he is deported.

“Since Trump won I have been very nervous,” he said.

It’s impossible to say exactly how many are taking such measures, but Jorge Rivera, a lawyer who advises immigrant clients in California, Florida, Illinois, Nevada, Texas and other states, sees a clear trend.

“Everyone is taking precautions,” Rivera said.

“They don’t want their business to disappear overnight and be left with nothing.”

Several other business owners interviewed by The Associated Press shared similar stories on condition that their names and identifying details not be disclosed, not wanting to alert immigration authorities.

They included a 40-yearold from Mexico who runs a marketing firm in Los Angeles that he said employs 50 people and has annual revenues of about $5 million. He’s making plans to transfer it to relatives who are citizens and move with his family to Spain.

Those selling often see no choice but to take a

LEGAL NOTICE

NOTICE PINK FLOWER INVESTMENTS LIMITED N O T I C E IS HEREBY GIVEN as follows: a) PINK FLOWER INVESTMENTS LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. b) The dissolution of the said company commenced on the 16th August, 2017 when the Articles of Dissolution were submitted to and registered by the Registrar General. c) The Liquidator of the said company is Octagon Management Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, Bahamas.

Dated this 18th day of August, A. D. 2017 _________________________________ Octagon Management Limited Liquidator

loss. Under Trump, detentions of immigrants in the country illegally rose 37 percent over the first six months of the year compared with the same period in 2016. The administration says it is focused on those with criminal records, but the number of detainees who do not have a criminal history has more than doubled.

The businesses in question range widely from one-person cleaning services to restaurants and other operations that employ dozens of people.

While hard figures on this hidden part of the economy don’t exist, the Washingtonbased Institute on Taxation and Economic Policy estimates immigrants in the country without permission contribute $11.7 billion annually in state, local and federal taxes.

People without legal residency can obtain an individual taxpayer identification number and an employer identification number, enabling them to open bank accounts and

operate businesses among other things.

Despite the boon for government coffers, advocates for controlling illegal immigration argue that the costs outweigh any benefits and that U.S. law should be enforced.

“They are trying to keep their ill-gotten gains, and the U.S. government should not allow illegal immigrants to own properties or businesses nor transfer them,” said William Gheen, president of Americans for Legal Immigration, based in Raleigh, North Carolina.

Daniel Costa, director of immigration law and policy research at the Economic Policy Institute in Washington, said it’s incumbent on business owners without legal residency to prepare for the worst: “If they want their business to survive, they are going to have to put a plan in place.”

For Resendiz that meant handing over legal and financial control of the juice store in Florida City, which lies at the southernmost edge of Miami sprawl where strip malls fade into farms and nearby Everglades National Park produces a clientele of thirsty tourists. It has been thanks to that business the family gets by without government assistance, she said.

“I don’t receive food stamps or Medicaid. ... I pay my taxes,” Resendiz said. “I don’t live off the government and don’t ask them for anything.”

She said she and her husband never tried to become citizens because they didn’t feel it was necessary — until Trump was elected president. She has since applied and is awaiting a response, nervous over the possibility of having to return to a homeland she left 25 years ago and now barely knows.

Hyundai unveils new fuel cell SUV with longer travel range

By YOUKYUNG LEE Associated Press SEOUL, South Korea (AP) — Hyundai Motor said Thursday it plans to launch early next year a secondgeneration hydrogen fuel cell vehicle that will travel more than 580 kilometers (360 miles) between fill-ups under Korean standards.

If delivered as promised, the new fuel cell vehicle will travel 40 percent farther than its first generation fuel cell SUV, the Tucson ix FCEV, launched in 2013. Under European standards, Hyundai said the new vehicle can drive 800 kilometers (498 miles).

Fuel cell cars, emissionfree like pure electric cars, can be refueled in two to three minutes unlike electric vehicles that can take several hours to fully recharge.

But the dearth of hydrogen fueling stations is an obstacle for mass adoption. Toyota, Honda and General Motors also are investing heavily in fuel cell technology but fuel cell cars are gaining less traction than electric vehicles, which can find charging stations more easily.

South Korea plans to increase the number of hydrogen fueling stations

from 16 stations this year to 100 stations by 2020 to sharply raise sales of fuel cell vehicles. The country is aiming to have 10,000 fuel cell vehicles on its roads by 2020 to help alleviate air pollution, its environmental ministry said in March. That would be a jump from just 121 fuel cell cars in 2016.

Hyundai Motor also plans to catch up in the eco-friendly car race with longer driving range electric vehicles.

It plans to launch an electric vehicle with a driving range of 500 kilometers (311 miles) after 2021. Before the summer of next year, it plans to release a small electric sports utility vehicle with a driving range of 390 kilometers per charge. In 2021, its luxury brand Genesis will unveil an electric vehicle model as well.

One reason drivers are reluctant to buy electric vehicles is that they fear not being able to find a charging station in the middle of a trip.

Hyundai’s first pure electric car IONIQ launched last year had a driving range of 191 kilometers (118 miles) per charge, shorter than the electric vehicles made by Tesla and General Motors.

LEGAL NOTICE

NOTICE GREEN ORCHID HOLDINGS LIMITED N O T I C E IS HEREBY GIVEN as follows: a) GREEN ORCHID HOLDINGS LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. b) The dissolution of the said company commenced on the 16th August, 2017 when the Articles of Dissolution were submitted to and registered by the Registrar General. c) The Liquidator of the said company is Octagon Management Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, Bahamas.

Dated this 18th day of August, A. D. 2017 _________________________________ Octagon Management Limited Liquidator

THE TRIBUNE

Friday, August 18, 2017, PAGE 5

GLOBAL STOCKS SLIP AS INVESTORS DIGEST CENTRAL BANK REPORTS

A MAN walks past an electronic stock board showing Japan’s Nikkei 225 index, top right, and and other countries at a securities firm in Tokyo yesterday.

Asian shares were mostly higher Thursday, tracking gains overnight on Wall Street. The Nikkei index slipped as the yen strengthened against the U.S. dollar. (AP Photo/Eugene Hoshiko)

By ELAINE KURTENBACH Associated Press

Business execs shunned Trump panels before he disbanded them

By JOSH BOAK Associated Press WASHINGTON (AP) — President Donald Trump had pushed many of America’s top corporate leaders to the breaking point with his inability to decisively condemn white supremacists — so they huddled on an 11:30 a.m. conference call Wednesday.

The frustrated members of the White House policy forum — which included executives from General Electric, Wal-Mart, General Motors, Boeing, IBM and JPMorgan Chase — chose to dissolve their advisory panel. The White House was then phoned and Trump agreed that it was the right course of action, according to four people familiar with the talks who insisted on anonymity to discuss private conversations.

It was a shocking setback for Trump. The president had reveled in his ability to draw billionaires and corporate titans into the Oval Office, where he touted deals to invest in factories and add factory jobs.

But by equating the white supremacists whose actions led to deadly violence in Charlottesville, Virginia to a group of counter-protesters, Trump had already inflicted damage on his manufacturing jobs council — which had seven departures by Wednesday morning.

So after learning about this latest loss of confidence by his former strategic and policy forum, Trump tried to put a more favorable spin on the defections.

He fired off a tweet Wednesday saying that he chose to disband his strategy forum and manufacturing jobs panel, “rather than putting pressure” on CEOs to stay. “Thank you all!” the president wrote.

The alliance with the White House forged in hopes of overhauling the tax code, cutting regulations and jumpstarting new infrastructure investments had turned into a risk for corporate leaders. For those CEOs with shared policy aims, Trump’s recent statements were distractions that risked alienating employees and customers in an increasingly diverse United States.

CAMPBELL Soup Company President and CEO Denise Morrison speaks in Southfield, Mich. On Aug. 16, 2017, Morrison resigned from a White House jobs panel over comments about racism made

by Trump. (AP Photo/Paul Sancya, File) “It is a leader’s role, in business or government, to bring people together, not tear them apart,” said Jamie Dimon, chairman and CEO of JPMorgan Chase, in a statement. Dimon also chairs the Business Roundtable, an association of CEOs, that recently launched a multi-million dollar advertising campaign in support of Trump’s calls to cut corporate and personal tax rates.

GE’s chairman Jeffrey Immelt called the president’s remarks “deeply troubling.” The “ongoing

tone” had made it difficult to foster policies that help economic growth, he said.

Companies were facing pressure on social media to denounce the president and resign from the White House advisory boards, while companies that had already cut ties were facing possible boycotts from Trump supporters. Only by acting together and having those panels disbanded would they be able to avoid harsher scrutiny not just from the public but also from a president with a track record of blasting individual companies that cross him on Twitter.

“The problem was it was quickly becoming a litmus test for companies, CEOs and brands,” said Timothy Calkins, a professor of marketing at Northwestern University. “This move takes away that issue — because it allows everyone to back away without being seen as backing away.”

After Trump’s initial equivocating on Saturday about protests that stemmed from a planned removal of a Confederate statute, executives began to leave his manufacturing and jobs council. First was Merck, then Under Armour and Intel, followed by the Alliance for American Manufacturing and the AFL-CIO.

NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, 2000, (As Amended) NOTICE is hereby given that, GABUS ASSET INVESTMENTS LIMITED is in dissolution and that the date of commencement of the dissolution is the 08th day of August A. D. 2017.

ENERVO ADMINISTRATION LIMITED LIQUIDATOR MONTAGUE STERLING CENTRE EAST BAY STREET P.O. BOX N-3924 NASSAU, THE BAHAMAS

But many companies among the 28 represented on the panel sent out statements saying they believed it was important to engage with the White House.

Then Trump, for the second time, on Tuesday afternoon suggested that there was little difference between the actions of white supremacists groups and those protesting them in Virginia.

“There is blame on both sides,” he said, saying that any of the previous departures were due to companies being embarrassed about making goods overseas.

Shortly after those remarks on Tuesday, a precautionary statement was drafted to disband the strategic and policy forum by Stephen Schwarzman, chair of the group and head of the investment firm Blackstone.

The statement was adopted by the members of the forum on Wednesday morning as part of the decision to dissolve.

TOKYO (AP) — Stock markets mostly fell on Thursday as investors digested the minutes to the last policy meetings of the Federal Reserve and European Central Bank.

KEEPING SCORE: Germany’s DAX edged 0.1 percent lower to 12,253 and the CAC 40 of France fell 0.2 percent to 5,166. Britain’s FTSE 100 gave up 0.4 percent to 7,405. Dow and S&P 500 futures both lost 0.2 percent, pointing to a weak start on Wall Street.

CENTRAL BANKS: Minutes from the Federal Reserve’s Open Market Committee meeting last month showed a divided Fed. Some members of its policy committee think interest rates should stay about where they are because inflation is still low. Others felt that rates should be raised because delays might lead to dangerously high inflation later. The account of the ECB’s own meeting also showed caution about inflation and the concern that investors might be expecting a shift away from stimulus programs sooner than warranted by economic conditions.

JAPAN TRADE: Economic data out of Japan was relatively upbeat, showing exports and imports rose at a fast clip in July. That reflected a recovery in demand in

China, Southeast Asia and the U.S., though export prices rose faster than volumes for many products.

Exports rose more than 13 percent from a year earlier to 6.5 trillion yen ($59 billion) while imports jumped 16 percent to 6.1 trillion yen ($55 billion), helped by a surge in oil and coal shipments, according to data released Thursday.

ASIAN TRADING: Japan’s Nikkei 225 index edged 0.1 percent lower to 19,702.63. Hong Kong’s Hang Seng dropped 0.2 percent to 27,344.22. South Korea’s Kospi gained 0.6 percent to 2,361.67 and Australia’s S&P/ASX 200 edged 0.1 percent lower to 5,779.20. The Shanghai Composite index added 0.7 percent to 3,268.43. Shares in Southeast Asia were mixed.

ENERGY: Benchmark U.S. crude fell 17 cents to $46.61 per barrel in electronic trading on the New York Mercantile Exchange.

It lost 77 cents, or 1.6 percent, to $46.78 a barrel in New York. Brent crude, used to price international oils, shed 11 cents to $50.16 per barrel. It dipped 53 cents, or 1 percent, to $50.27 a barrel in London.

CURRRENCIES: The euro fell sharply on the reporting showing the ECB policymakers are cautious about signaling a quick end to stimulus. It was down to $1.1693 from $1.1767 the day before. The dollar slipped to 110.11 yen from 110.20 yen.

PAGE 6, Friday, August 18, 2017

US factory output down in July on tumbling auto production

By PAUL WISEMAN Associated Press WASHINGTON (AP) — A slump in the auto industry drove U.S. factory output down in July and has kept it flat for months.

The Fed said Thursday that factory production dropped 0.1 percent last month, pulled down by a 3.5 percent plunge in output of cars, trucks and auto parts. Auto production has dropped for three straight months and is down 5 percent over the past year.

Auto sales, which have been strong in recent years, skidded 7 percent in July.

The drop in automotive production was partially offset in July by a 0.2 percent rise in other manufacturing output.

Overall industrial production — which adds output by mines and utilities — rose 0.2 percent, the Fed said. Mining output rose 0.5 percent, and utility production rose 1.6 percent.

American manufacturers had bounced back from a slump in late 2015 and early 2016 caused by cutbacks in

A WORKER at the C.C. Filson Co. manufacturing facility stitches a belt at a sewing machine, in Seattle. Yesterday, the Federal Reserve reports on U.S. industrial production for July. (AP Photo/ Ted S. Warren, File) the energy industry and a strong dollar, which makes U.S. goods costlier in foreign markets. But the Fed says manufacturing output was little-changed from February through July.

Other recent reports on American manufacturing have looked stronger.

The Federal Reserve Bank of New York on Tuesday reported that factory activity in New York shot up to the highest level in nearly three years.

The Commerce Department reported earlier this month that orders at U.S. factories surged in June on

strong demand for civilian aircraft. The Institute for Supply Management reported that American factories expanded in July for the 11th straight month.

Factories have hired 66,000 workers since July 2016, biggest 12-month gain in nearly a year and a half.

LEGAL NOTICE

LEGAL NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT, 2000

INTERNATIONAL BUSINESS COMPANIES ACT, 2000

NOTICE IS HEREBY GIVEN in accordance with Section 138 (4) of the International Business Companies Act, 2000, as follows:

NOTICE IS HEREBY GIVEN in accordance with Section 138 (4) of the International Business Companies Act, 2000, as follows:

a) Eurydice Holding Corp is in dissolution under the provisions of the International Business Companies Act, 2000.

a) Prometheus Services Ltd. is in dissolution under the provisions of the International Business Companies Act, 2000.

b) The dissolution of the said Company commenced on 14th August, 2017 when its Articles of Dissolution were submitted to and registered by the Registrar General.

b) The dissolution of the said Company commenced on 14th August, 2017 when its Articles of Dissolution were submitted to and registered by the Registrar General.

c) The Liquidator of the said Company is Amicorp Bahamas Management Limited whose address is: Bahamas Financial Centre, 2nd Floor, Shirley & Charlotte Street, P.O. Box N-4865, Nassau, Bahamas.

c) The Liquidator of the said Company is Amicorp Bahamas Management Limited whose address is: Bahamas Financial Centre, 2nd Floor, Shirley & Charlotte Street, P.O. Box N-4865, Nassau, Bahamas.

Amicorp Bahamas Management Limited

Amicorp Bahamas Management Limited

Eurydice Holding Corp

Prometheus Services Ltd.

t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com

BISX ALL SHARE INDEX: CLOSE 1,834.21 | CHG -0.06 | %CHG 0.00 | YTD -104.00 | YTD% -5.37 52WK LOW 4.01 17.43 8.19 3.50 1.39 0.12 3.80 8.40 5.83 9.46 10.00 2.18 1.50 5.80 8.75 7.01 8.10 6.60 11.93 10.00

1000.00 1000.00 1000.00 1000.00

900.00 1000.00 1000.00 1000.00

PREFERENCE SHARES

1.00 106.00 100.00 106.00 105.00 103.00 100.00 10.00 1.01

1.00 100.00 100.00 100.00 105.00 100.00 100.00 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 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

SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB

SECURITY Fidelity Bank Note 17 (Series A) + Fidelity Bank Note 18 (Series E) + Fidelity Bank Note 22 (Series B) +

SYMBOL FBB17 FBB18 FBB22

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 BGS: 2015-10-3Y BGS: 2015-10-5Y BGS: 2015-10-7Y

BAH29 BG0103 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330 BG0403 BG0405 BG0407

BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

MUTUAL FUNDS 52WK HI 2.07 3.95 1.96 170.77 146.34 1.50 1.67 1.58 1.10 6.99 8.54 6.15 10.52 11.46 10.46

52WK LOW 1.67 3.04 1.68 164.74 116.70 1.44 1.63 1.55 1.04 6.41 7.62 5.66 8.65 10.54 9.57

LAST CLOSE 4.27 17.43 9.09 3.70 1.47 0.12 3.92 8.60 6.10 9.98 10.01 2.46 1.55 6.00 9.75 7.01 9.75 7.01 12.50 10.00 1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.01 LAST SALE 100.00 100.00 100.00 108.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

CLOSE 4.27 17.43 9.09 3.70 1.47 0.12 3.92 8.60 6.10 9.98 10.01 2.39 1.55 6.00 9.75 7.01 9.75 7.01 12.50 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 -0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 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

CLOSE 100.00 100.00 100.00

CHANGE 0.00 0.00 0.00

108.13 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

-0.18 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 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 Int'l Fund - Equities Sub Fund Royal Fidelity Int'l Fund - High Yield Fund Royal Fidelity Int'l Fund - Alternative Strategies Fund

VOLUME

81,250 32,000 2,000

VOLUME

NAV 2.07 3.95 1.96 174.30 146.25 1.50 1.63 1.58 1.08 6.92 8.03 6.15 10.52 11.46 10.01

EPS$ 0.467 0.932 -0.230 0.540 -0.340 0.000 -0.857 0.574 0.681 0.540 0.559 0.102 0.455 1.212 0.768 0.575 0.929 -0.602 0.697 0.000

DIV$ 0.080 1.000 0.000 0.210 0.000 0.000 0.000 0.300 0.220 0.360 0.570 0.060 0.060 0.290 0.450 0.000 0.340 0.140 0.620 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 0.000

P/E 9.1 18.7 N/M 6.9 N/M N/M -4.6 15.0 9.0 18.5 17.9 23.4 3.4 5.0 12.7 12.2 10.5 -11.6 17.9 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 0.0

YIELD 1.87% 5.74% 0.00% 5.68% 0.00% 0.00% 0.00% 3.49% 3.61% 3.61% 5.69% 2.51% 3.87% 4.83% 4.62% 0.00% 3.49% 2.00% 4.96% 0.00% 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% 3.50% 3.88% 4.25%

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 15-Oct-2018 15-Oct-2020 15-Oct-2022

YTD% 12 MTH% 2.34% 4.55% 0.90% 1.64% 1.21% 2.55% 3.48% 4.01% 3.17% 7.00% 2.15% 4.22% -1.93% -1.89% 0.81% 2.21% 2.28% 1.30% -1.08% 1.77% -5.96% -3.05% 1.90% 4.59% 7.24% 11.96% 2.77% 3.88% 3.94% 4.69%

NAV Date 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 30-Jun-2017 31-May-2017 30-May-2017 30-May-2017 30-May-2017 30-May-2017 30-May-2017

MARKET TERMS BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 52wk-Hi - Highest closing price in last 52 weeks 52wk-Low - Lowest closing price in last 52 weeks Previous Close - Previous day's weighted price for daily volume Today's Close - Current day's weighted price for daily volume Change - Change in closing price from day to day Daily Vol. - Number of total shares traded today DIV $ - Dividends per share paid in the last 12 months P/E - Closing price divided by the last 12 month earnings

By BERNARD CONDON, JULIE CARR SMYTH and TERRY SPENCER Associated Press FORT LAUDERDALE, Fla. (AP) — President Donald Trump’s comments about the white nationalist rally last weekend are hurting not just his political standing, but his pocketbook.

Three charities announced Thursday that they were canceling fundraisers at Trump’s Mar-a-Lago resort, a sign the president’s business is starting to suffer backlash from his comments Tuesday about the violence in Charlottesville, Virginia.

The Cleveland Clinic said in a statement that it decided not to hold its annual event at his Palm Beach resort after “careful consideration” of a number of issues. It didn’t elaborate, but the Ohio-based hospital was already under pressure to shift venues.

Doctors, nurses and medical students of the hospital had signed a public letter earlier this year objecting to Mar-a-Lago given President Trump’s plans to cut funding of medical research and other policies.

The Cleveland Clinic has held its annual fundraiser at the resort for eight years.

A few hours after the hospital pulled out, the American Cancer Society said it also planned to shift the venue of its annual fundraiser, called the 2018 Island of Palm Beach gala.

“Our values and commitment to diversity are critical as we work to address the impact of cancer in every community,” spokeswoman Miriam Falco said in statement. “It has become increasingly clear that the challenge to those values is outweighing other business considerations.”

Falco declined to elaborate.

Late Thursday, the American Friends of Magen David Adom announced

it had decided not to hold its 2018 fundraiser at Mara-Lago. The group, which raises money for an ambulance service in Israel, has been holding its annual gala at the resort since 2012.

Its spokesman, Erik Levis, gave no reason but said the decision came after “considerable deliberation.” His statement noted the organization is “apolitical.”

The Trump Organization did not respond to requests for comment. The managing director of Trump’s properties in Florida, Bernd Lembcke, did not respond to a phone call seeking comment, either.

The president has drawn widespread and bipartisan criticism for his comments at a Trump Tower news conference where he insisted that “both sides” were to blame for violence at a white nationalist rally in Charlottesville where a counterprotester was killed.

The president dissolved two business councils after members who are CEOs began quitting.

Cleveland Clinic CEO Toby Cosgrove was a member of one of those panels designed to advise the president on the economy and jobs.

The gilded and glittering Mar-a-Lago has been a favorite spot for holding charity events and a money maker for the Trump Organization. Dubbed the Winter White House, it is one of the few places in the area that can hold a large crowd. Its 20,000 squarefoot ballroom has massive archways and columns decorated in gold leaf.

Palm Beach town records showed that 21 charities held events at Mar-a-Lago between last November and April, during the active social season.

But the resort has also become the site of protest by groups who oppose the president’s policies and statements.

INTENT TO CHANGE NAME BY DEED POLL

BISX LISTED & TRADED SECURITIES 52WK HI 4.38 19.17 9.09 3.70 2.41 0.13 6.50 8.60 6.30 10.60 14.49 2.52 1.60 6.00 10.00 11.00 10.10 7.25 12.51 11.00

Three charities cancel Mar-a-Lago events amid Trump backlash

PUBLIC NOTICE

MARKET REPORT THURSDAY, 17 AUGUST 2017

THE TRIBUNE

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

The Public is hereby advised that I, SEANRIKA BAIN of Carmichael Road, Nassau, The Bahamas intend to change my name to SEANRIKA DAVIS. 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.

LEGAL NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT, 2000

Poseidon Capital Management Corp.

NOTICE IS HEREBY GIVEN in accordance with Section 138 (4) of the International Business Companies Act, 2000, as follows: a) Poseidon Capital Management Corp. is in dissolution under the provisions of the International Business Companies Act, 2000. b) The dissolution of the said Company commenced on 14th August, 2017 when its Articles of Dissolution were submitted to and registered by the Registrar General. c) The Liquidator of the said Company is Amicorp Bahamas Management Limited whose address is: Bahamas Financial Centre, 2nd Floor, Shirley & Charlotte Street, P.O. Box N-4865, Nassau, Bahamas.

Amicorp Bahamas Management Limited LEGAL NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT, 2000

Palmeira Investments Limited

NOTICE IS HEREBY GIVEN in accordance with Section 138 (4) of the International Business Companies Act, 2000, as follows: a) Palmeira Investments Limited is in dissolution under the provisions of the International Business Companies Act, 2000. b) The dissolution of the said Company commenced on 14th August, 2017 when its Articles of Dissolution were submitted to and registered by the Registrar General. c) The Liquidator of the said Company is Amicorp Bahamas Management Limited whose address is: Bahamas Financial Centre, 2nd Floor, Shirley & Charlotte Street, P.O. Box N-4865, Nassau, Bahamas.

Amicorp Bahamas Management Limited

THE TRIBUNE

Friday, August 18, 2017, PAGE 7

UNDER FIRE FROM GOP TRUMP DIGS IN ON CONFEDERATE ICONS

By JONATHAN LEMIRE and DARLENE SUPERVILLE Associated Press BRIDGEWATER, N.J. (AP) — With prominent Republicans openly questioning his competence and moral leadership, President Donald Trump on Thursday burrowed deeper into the racially charged debate over Confederate memorials and lashed out at members of his own party in the latest controversy to engulf his presidency.

Out of sight, but still online, Trump tweeted his defense of monuments to Confederate icons — bemoaning rising efforts to remove them as an attack on America’s “history and culture.”

And he berated his critics who, with increasingly sharper language, have denounced his initially slow and then ultimately combative comments on the racial violence at a white supremacist rally last weekend in Charlottesville, Virginia.

Trump was much quicker Thursday to condemn violence in Barcelona, where more than a dozen people were killed when a van veered onto a sidewalk and sped down a busy pedestrian zone in what authorities called a terror attack.

He then added to his expression of support a tweet reviving a debunked legend about a U.S. general subduing Muslim rebels a century ago in the Philippines by shooting them with bullets dipped in pig blood.

“Study what General Pershing of the United States did to terrorists when caught. There was no more Radical Islamic Terror for 35 years!” Trump wrote.

Trump’s unpredictable, defiant and, critics claim, racially provocative behavior has clearly begun to wear on his Republican allies.

Tennessee Sen. Bob Corker, whom Trump

considered for a Cabinet post, declared Thursday that “the president has not yet been able to demonstrate the stability nor some of the competence that he needs to” in dealing with crises. And Sen. Dan Sullivan of Alaska tweeted, “Anything less than complete & unambiguous condemnation of white supremacists, neoNazis and the KKK by the @POTUS is unacceptable.

Period.”

Sen. Tim Scott of South Carolina said Trump’s “moral authority is compromised.”

Trump, who is known to try to change the focus of news coverage with an attention-grabbing declaration, sought to shift Thursday from the white supremacists to the future of statues.

“You can’t change history, but you can learn from it,” he tweeted. “Robert E. Lee. Stonewall Jackson — who’s next, Washington, Jefferson? So foolish. ...

“Also the beauty that is being taken out of our cities, towns and parks will be greatly missed and never able to be comparably replaced!”

“Sad to see the history and culture of our great country being ripped apart with the removal of our beautiful statues and monuments,” he tweeted.

Trump met separately Thursday at his golf club in nearby Bedminster with the administrator of the Small Business Administration and Florida Gov. Rick Scott, a longtime Trump supporter. Trump also prepared for an unusual meeting Friday at the Camp David presidential retreat in Maryland with his national security team to discuss strategy for South Asia, including India, Pakistan and Afghanistan.

Vice President Mike Pence was cutting short a long-planned Latin America tour to attend the meeting.

A PROTESTER kicks the toppled statue of a Confederate soldier after it was pulled down in Durham, N.C. Bombarded by the sharpest attacks yet from fellow Republicans, yesterday, President Donald Trump, dug into his defense of racist groups by attacking members of own party and renouncing the rising movement to pull down monuments to Confederate icons. (Casey Toth/The HeraldSun via AP, File)/ The Herald-Sun via AP)

European Central Bank still concerned about low inflation FRANKFURT, Germany (AP) — The European Central Bank’s policymakers are still concerned that inflation in the 19-nation eurozone is too low despite an improving economy and seem worried about the strength of the shared euro currency, their last meeting shows.

The account of the July 20 meeting, published Thursday, shows the ratesetters noted that market investors seemed overly aggressive in thinking the bank would wind down its stimulus program soon.

That was reflected in the value of the euro, which has risen in recent weeks on expectations that the ECB would gradually move away from its ultralow rates monetary policy.

Although the eurozone economy is growing at a

strong pace, inflation is only at an annual rate of 1.3 percent, well below the 2 percent target that the ECB considers most suitable for a healthy economy.

The meeting’s account says “concerns were expressed about a possible overshooting” in expectations among investors, especially in currency markets, about how soon the ECB would let market interest rates rise.

Overall, the account shows caution by the

ECB about how quickly to signal to investors that they would ease off their bond-buying stimulus program. The program seeks to keep market interest rates low — which in turn affect the costs of loans and mortgages — by flooding the financial system with newly created money.

The ECB is pumping 60 billion euros ($70 billion) a month into the economy.

“There was broad agreement among members that there was presently a continuing need for

steady-handed and persistent monetary policy,” the account said.

Many investors think the ECB will signal in the autumn its intention to dial down the bond-buying program, and to actually do so next year.

The euro slumped upon Thursday’s report, as some investors found the comments more cautious than expected. The currency fell almost a cent against the dollar, or 0.6 percent, to $1.1695.

COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT

2014 CLE/GEN/1346

Common Law and Equity Division IN THE MATTER of an Indenture of Mortgage made the 3rd day of April, A.D., 2002 between Terrance Sands and Sharmaine Poitier and Finance Corporation of Bahamas Limited.

AND IN THE MATTER of the Mortgages Act, Chapter 156 of the Revised Laws BETWEEN FINANCE CORPORATION OF BAHAMAS LIMITED Plaintiff AND TERRANCE SANDS First Defendant AND SHARMAINE POITIER Second Defendant To: Terrance Sands and Sharmaine Poitier TAKE NOTICE that an action has been commenced against you in the Supreme Court of the Commonwealth of The Bahamas by Finance Corporation of Bahamas Limited, Main Branch, 323 Bay Street, Nassau, New Providence, Bahamas, in which the Plaintiff’s claim is set out in the Originating Summons as renewed filed in this action on the 9th day of September, A.D., 2014 seeking an Order to direct you to deliver up possession of the Mortgaged Property situated at Lot Numbered 1069 situated on Rosewood Street in a Subdivision called and known as Pinewood Gardens Subdivision located in the Southern District of the Island of New Providence one of the Islands of the Commonwealth of The Bahamas to Finance Corporation of Bahamas Limited within Twenty-eight (28) days of the Order and Judgment for the sum outstanding under the Indenture of Mortgage dated the 3rd day of April, A.D., 2002.

And that it has been ordered that the publication of a notice of the entry of the Originating Summons filed on the 9th day of September, A.D., 2014 as renewed, Affidavit in support of application filed on the 23rd day of February, A.D., 2015, ex parte Summons filed on the 14th day of February, A.D., 2017, Affidavit in support of ex parte Summons filed on the 9th day of March, A.D., 2017 and Order dated on the 8th day of May, A.D., 2017 in the Nassau Guardian Newspaper and The Tribune Newspaper shall be deemed to be good and sufficient service of the said document upon you.

The Originating Summons will be heard before the Honourable Madam Justice Guillimina Archer-Minns of the Supreme Court at The Judicial Complex, East Street, Nassau, New Providence, Bahamas on Wednesday, the 30th day of August, A.D., 2017 at 9:30 o’clock in the forenoon, on which day you are to appear, and if you do not appear either in person or by your Attorney at the time and place abovementioned, such Order will be made as the Court thinks just.

A copy of the said Originating Summons, Notice of Appointment to hear the Originating Summons ex parte Summons, Affidavit in support of ex parte Summons and Order may be obtained from the Supreme Court Registry, Judicial Complex, East Street North, Nassau, Bahamas, or from the Attorneys for the Plaintiff below mentioned.

AND further take notice that you must within fourteen (14) days from the publication of this advertisement, inclusive of the day of such publication, enter an appearance in person or by an attorney either (i) by handing in the appropriate forms duly completed, at the Registry of the Registry of the Supreme Court, Ansbacher House, East Street, Nassau, New Providence, Bahamas, or (ii) by sending them to that office by post, otherwise Judgment may be entered against you without notice.

Dated the 15th day of August, A.D., 2017 HIGGS & JOHNSON Ocean Centre Montagu Foreshore East Bay Street Nassau, New Providence, Bahamas Attorneys for the Plaintiff

PAGE 8, Friday, August 18, 2017

THE TRIBUNE

‘MANIACAL’ FOCUS ON CHINA PUTS TRUMP AIDE OUT OF MAINSTREAM

By MATTHEW PENNINGTON AND PAUL WISEMAN Associated Press WASHINGTON (AP) — White House adviser Steve Bannon isn’t alone in pondering America’s possibly generation-defining question about China’s emerging superpower status — but his call for an “economic war” puts him far outside the mainstream.

In an interview reflecting on some of his big-thinking projects, Bannon said the country should be “maniacally focused” on a confrontation with Beijing over who will be the global “hegemon” of the next 25 to 30 years. The former Breitbart News executive — who works steps from President Donald Trump in the West Wing — told The American Prospect that “the economic war with China is everything.”

For decades, American economists, military strategists and policymakers of all stripes have wrestled

STEVE BANNON, chief White House strategist to President Donald Trump is seen in Harrisburg, Pa. Bannon says there’s no military solution to North Korea’s threats and says the U.S. is losing the economic race against China. (AP Photo/Carolyn Kaster, File) with how the United States and China, the world’s biggest and soon-to-be biggest economies, manage differences on trade and security.

But no one in a position of power has adopted a

strategy that entails the almost messianic zeal of Bannon’s world view.

For good reason, according to advocates of more measured approaches to dealing with China, who

argue that an economic war would hurt everyone.

“Steve Bannon’s view is too simplistic and arrogant,” Seattle trade attorney William Perry declared, saying such talk “could get the U.S. in big trouble.” He said Bannon’s position is “built around the idea that the United States is the biggest market in the world and everybody has to kowtow to us.”

Bannon’s comments do reflect sentiments Trump himself has channeled on narrowing America’s vast trade deficit with China and bringing manufacturing jobs back home. They also underscore the ways in which the U.S. administration is in conflict with itself on China and other foreign policy issues.

Bannon was stunningly candid about purging rivals from the Defense and State departments who supposedly resist the tough trade line with China. And he contradicted Trump by calling his boss’ bluff on threatening to attack North

Korea, saying there is no military solution to the nuclear standoff.

Bannon characterized the focus on North Korea as a “sideshow” to a more significant, U.S.-Chinese struggle for world control.

Past U.S. administrations, Republican and Democrat, have cooperated with China since it initiated market-opening reforms more than three decades ago. The Clinton administration, for example, supported China’s World Trade Organization entry in 2001.

But as China’s economic and military might has grown, hopes it would open its markets and play by WTO rules like other rising economies have receded.

U.S. views have hardened.

While American consumers have benefited from cheaper Chinesemade goods, the imports have caused massive U.S. trade deficits. Last year, for instance, America’s trade gap in goods with China was $347 billion. That represented nearly half the

U.S. trade deficit with the entire world.

Researchers from the Massachusetts Institute of Technology, the University of Zurich and the University of California, San Diego, found the U.S. lost 2.4 million jobs from 1999 to 2011 because of Chinese import competition.

For Americans, that is the biggest concern and one Trump tapped into among blue-collar voters, at Bannon’s urging.

Of his economic war with China, Bannon said: “We have to be maniacally focused on that. If we continue to lose it, we’re five years away, I think, ten years at the most, of hitting an inflection point from which we’ll never be able to recover.”

Such doom-and-gloom talk may be getting Trump’s receptive ear. His administration has recently dusted off some little-used trade weapons, starting a process that could lead to penalties on Chinese steel and aluminum imports.

FDA OKs Pfizer drug for rare, fast-killing type of leukemia

By LINDA A. JOHNSON Associated Press TRENTON, N.J. (AP) — The Food and Drug Administration has approved a new medicine for use against a rare, rapidly progressing blood cancer after other treatments have failed.

The agency approved Pfizer Inc.’s Besponsa for patients with a type of advanced acute lymphoblastic leukemia. By then, life expectancy is low.

“These patients have few treatments available and today’s approval provides a new, targeted treatment option,” Dr. Richard Pazdur, the FDA’s director for cancer drugs, said in a statement.

This year an estimated 5,970 Americans will be diagnosed and 1,440 will die from the cancer, according to the National Cancer Institute.

The drug will cost $168,300 without insurance for the typical nine-week treatment course.

In testing that included 218 patients, 36 percent given Besponsa had their cancer vanish for eight months on average; 17 percent of those given chemotherapy had complete remission for a median five months.

Besponsa is believed to work by blocking the growth of cancerous cells by binding to their surface.

The powerful injected drug, known chemically as inotuzumab ozogamicin,

comes with the FDA’s moststringent warning because it can cause severe liver disease, including blocking veins in the liver. It also carries an increased risk of death in patients who have received a certain type of stem cell transplant.

Besponsa also can cause a decrease in blood-cell and platelet production, infusion-related reactions and problems with the heart’s electrical pulses.

Women who are pregnant or breastfeeding should not take Besponsa because it may harm a developing fetus or a newborn baby, the FDA warned.

More-common side effects include fatigue, severe bleeding, fever, nausea and headaches.

A PFIZER flag is displayed in front of the company’s world headquarters in New York. The Food and Drug Administration has approved a new medicine for use against a rare, rapidly progressing blood cancer after other treatments have failed. Pfizer’s Besponsa was approved for patients with a type of advanced acute lymphoblastic leukemia. (AP Photo/Mark Lennihan, File)