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WEDNESDAY, SEPTEMBER 9, 2020

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MICHAEL PRATT

Contractors stunned by PM’s ‘three strikes’ COVID enforcement THE Bahamian Contractors Association’s (BCA) president yesterday said he was “very surprised” by the prime minister’s unveiling of a COVID-19 a “three strikes and you are out” policy for the industry. Michael Pratt told Tribune Business he was also concerned that Dr Hubert Minnis’ decision to single out the construction industry for special enforcement attention could endanger what the BCA and others had “fought so hard for” in ensuring the sector had remained open through much of the pandemic. He added that he had reached out to the government to discover what particular infractions had been committed by the construction industry after the prime minister warned that projects would be shut down if three separate violations are uncovered. Calling on the Royal Bahamas Police Force (RBPF) to closely monitor the sector, Dr Minnis said on Monday: “As it relates to construction sites, the police will be monitoring sites to ensure mask wearing protocols are being followed by all construction workers. “Construction operations will now be fined for noncompliance with the orders related to mask wearing and other physical distancing protocols established by the Bahamian Contractors Association as approved by the Ministry of Health. On a second infraction, the fine will be doubled. On the third infraction, the construction project may be closed down.” The prime minister offered no evidence to support the government’s decision to target the construction industry, although he had previously singled out Bahamian construction workers at The Pointe for COVID-19 breaches while comparing them unfavourably to their Chinese counterparts. This prompted Mr Pratt and the BCA to describe the remarks as “surprising”, adding: “The primary focus of our members should be to protect the lives of our workforce. We believe we will see the effect of this virus for months to come. We are currently experiencing not only project delays but also supply chain disruptions and we cannot afford to lose our workers. “This means construction companies need to proactively mitigate the impacts on their business. The COVID-19 protocols for the construction Industry must be strictly adhered to.” Mr Pratt subsequently told Tribune Business he was “very surprised” by the prime minister’s remarks, adding that the sector did not need any further challenges

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Hotel’s revenues cover just ‘25% of light bill’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

PROMINENT hotelier yesterday sounded the alarm for small Out Island resorts as he revealed his property will make a $2m loss this year on revenues barely able to cover “25 percent of the light bill”. Magnus Alnebeck, the Pelican Bay resort’s general manager, told Tribune Business that small Family Island hotel casualties were likely as he warned that the government may have to provide financial assistance to ensure some are able to re-open. Pointing out that boutique, niche properties will be “much more attractive” in a COVID-19 environment, due to the greater ease of social distancing, Mr Alnebeck queried whether The Bahamas’ tourism

he noted that effectively keeping guests within the confines of their resort property will also prevent the greater distribution of wealth that occurs when visitors participate in offproperty experiences. Agreeing that this nation had little choice but to rapidly re-open its largest industry, given its dependence on tourism for jobs, economic growth and foreign exchange earnings, Mr Alnebeck said numerous uncertainties surround the second restart effort - not least of which is whether travellers will feel comfortable coming to The Bahamas amid all the restrictions and surge in COVID-19 cases locally and globally.

the people have lost a good deal of faith in law enforcement to do their job because there are not enough of them. As a result, they’re not reporting crime. It’s not that crime is down; it’s that people have lost faith in the system,” Mr Hutton told this newspaper. “It’s rampant. Theft is rampant here. It’s absolutely an epidemic. You have to literally tie everything down in the night and hope it is there in the morning. My businesses are still getting broken into on a regular basis. “I think what you’re going to find is people are not going to move to somewhere where they don’t feel

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Detailing the impact that COVID-19 lockdowns have had on his property, the Pelican Bay chief told this newspaper: “We average ten rooms every night, and that’s five percent occupancy. At least we are open and there is some light in the building, and we are maintaining it. “Like everyone else we are leaking money. It is very substantial. Our revenues pay 25 percent of the light bill but we’ve been dipping into our reserves for a long time. You want to spend that money on other things. That’s unfortunate, but is the first thing that happens when you go through something like this. You

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Crime ‘epidemic’ hits Abaco reconstruction By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net ABACO business and community leaders yesterday said they were “dumbfounded” that The Bahamas’ top police officer would refute a crime “epidemic” that threatens to destroy post-Dorian recovery. Roscoe Thompson, the Marsh Harbour/Spring City Council’s head, and Ken Hutton, the island’s Chamber of Commerce president, both told Tribune Business that the 39 percent year-over-year crime decline cited by Paul Rolle, the police commissioner, merely reflected that many Abaconians had given up reporting such incidents. Describing thefts from homes and businesses as “rampant”, they said 10-12 such crimes had occurred in the Marsh Harbour and central Abaco area alone over the past week. Mr

• ‘Rampant’ theft deterring rebuild • Locals ‘dumbfounded’ by police • Cite numerous stealing episodes

ROSCOE THOMPSON

KEN HUTTON

Thompson, in particular, gave this newspaper a list of homeowners and businesses that had fallen victim to this. The duo, speaking in separate interviews, warned that the lack of security threatened to derail the island’s ongoing efforts to rebuild from the devastation inflicted more than 12 months ago by Hurricane Dorian.

They added that dailyoccurring thefts, and the associated costs they impose, will deter business owners and second homeowners - the “lifeline” of the island’s economy preDorian - from returning to rebuild their homes and enterprises, thereby depriving Abaco of much-needed growth and job creation. “I think it’s pretty clear

Supply shortage squeezes virtual learning expense By YOURI KEMP and NEIL HARTNELL Tribune Business Reporters ELECTRONICS retailers yesterday warned that global demand has sent the price of virtual learning devices “skyrocketing” and created supply shortages as the October 5 school return looms. Vendors spoken to by Tribune Business said the prices of laptop computers, tablets and other virtual learning accessories have “more than doubled” as the entire world moves to online education due to the COVID-19 pandemic. Some suggested there would be insufficient devices to meet local demand. Andrew Wilson, Quality Business Centre’s (QBC) principal, said: “What has happened is that with virtual learning, every child - not just in The Bahamas but those in the US, the region, the world - needs a computer, a laptop. “What was possibly a luxury or item for the more financially-endowed has become a necessity. Teaching has moved into the virtual space, and prices are skyrocketing. They have more than doubled and supply, as we speak, is virtually unavailable. Computers, tablets and accessories related to virtual learning have more than doubled, and they’re not available.” With The Bahamas having to compete with the rest of the world for critical online learning technology, Mr Wilson said the ability of suppliers to meet this demand had been further worsened by the disruption - and resulting backlog - caused by the COVID-19 pandemic and associated shutdowns. “It’s going to be a while before that returns to a degree of normalcy,” he added, noting that while QBC is awaiting a product order, local suppliers in general will struggle to meet demand ahead of October 5. Mr Wilson said: “It’s not going to happen on schedule with respect to school opening. That’s the reality, that’s the reality.” Craig Pyfrom, DC Technology’s managing director, said hoarding in the US

• Prominent GB resort forecasts $2m loss for 2020 • Top executive’s fears for small Out Island resorts • COVID pushes Bahamas to all-inclusive model industry model was “suitable” for the pandemic’s demands following the recommendation that all hotels and beaches be allowed to open to visitors from October 15. The wider industry, featuring tour, attraction and excursion providers, will open on November 1, but the Pelican Bay chief said this nation lacked the number of all-inclusive type properties viewed as ideal for the mandatory 14-day quarantine period that visitors will have to undergo upon arriving in The Bahamas. Mr Alnebeck said The Bahamas had largely shied away from the tourism business model that COVID-19 is pushing it to adopt, as

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Taxi chief blasts tourism strategy

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net

THE taxi union’s president has blasted the tourism industry re-opening plan for “falling way short” as he revealed that 60 percent of drivers have already lost their plates due to the COVID-19 lockdown. Wesley Ferguson, the Bahamas Taxi Cab Union’s (BTCU) chief, told Tribune Business that the plan unveiled by Dionisio D’Aguilar, minister of tourism and aviation, and his team had created a model that favoured the large hotels and tour operators while penalising small,

For more information on Signiicant Market Power (SMP) visit www.urcabahamas.bs Consumer inquiries to: (242) 393-0263 Facebook at www.facebook.com/URCA242 Twitter at www.twitter.com/URCA242 , or Email: INFO@URCABahamas.bs

• Argues it ‘falls way short’ for the small man • Says 60% of drivers have lost their plates independent stakeholders such as taxi drivers. He argued that the mandatory 14-day quarantine imposed on all visitors would turn the resort industry into an all-inclusive sector, with tourists bused to and from these properties and the airport. “In my humble opinion, as the president of the BTCU, according to what Mr D’aguilar said on Monday with regard to the opening of the tourism economy, he fell way, way short of what the people

in the tourism industry expected. He missed the mark, miles away,” Mr Ferguson said. “You would find that people like minister D’Aguilar do not consult with the small person who is in the trenches, who are in the front line of the tourism industry. Personally, if I wanted to open up a wash house and wanted sound advice on how to operate a successful wash house business, the first person I would call is minister D’Aguilar because he is good at that.

But because he operates a well-established, well-run wash-house business doesn’t mean he can run the tourism economy.” Mr Ferguson agreed that The Bahamas has to “go ahead and open the country in a very safe and careful way”, and said he is “not against the opening dates” of October 15 for all hotels followed by November 1 for much of the rest of the sector. He added, however: “COVID-19 is very real and it is going to be with

us for much longer than we think it will, so those who govern must govern from the perspective of reaching the small man instead of the very wealthy. “Mr D’Aguilar came up what he thought was the ‘VIP’(vacation in place) for tourists, and what minister D’Aguilar was doing was governing to suit the very wealthy. What he is doing is he is going to turn all of the hotels into all-inclusive. So the tourists are going to come here, and then busses are going to pick them up and take them to a hotel. “Those people are going to stay in the hotel, and

SEE PAGE 4

THE PRICE OF ONE OF MY ELECTRONIC COMMUNICATIONS SECTOR PROVIDERS HAS INCREASED WITHOUT APPROVAL FROM URCA. HOW IS THIS URCA’s regulations with regards to pricing approval only applies to providers with signiicant market power (SMP) or are regarded as the leader in the market for a speciic service. Changes to cost of services oﬀered by a provider in an area in which they do not have SMP are not subject to URCA’s approval.

PAGE 2, Wednesday, September 9, 2020

THE TRIBUNE

Minister blames COVID on Retailers: Back-to-school Dorian pledging ‘shortfall’ sales starting to pick-up By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A CABINET minister yesterday blamed COVID-19’s economic fall-out for the government receiving just $364,000 in cash out of the $1.5bn promised at January’s Hurricane Dorian pledging conference. Iram Lewis, minister of state for disaster preparedness, management and reconstruction, acknowledged there was “a serious shortfall” between the total sum pledged by private sector donors and what has been forthcoming to-date to assist with post-storm reconstruction on Abaco and Grand Bahama. Speaking outside the Cabinet Office, he said: “As you know a lot of funds were pledged from the pledge conference; we got over $1.5bn pledged. However, we received only $364,000 in cash and deposits, so there is a serious shortfall. “On top of that, with the COVID-19 pandemic, a lot of priorities have shifted for persons who would have made pledges. So we did not collect all that was pledged but we will do our best to accommodate Bahamians because housing was one of the six pillars under which we are operating, so we want to make sure that our citizens are back in their homes.” The government’s failure to manage expectations over what January’s pledging conference would ultimately produce has left it open to attack from political opponents and the wider public. Many persons believed it would generate instant cash to finance rebuilding efforts in Abaco and Grand Bahama, providing an instant kick-start for the restoration efforts. However, the bulk of the pledges - some $975m - came from the US-based P3 Group, which focuses on

IRAM LEWIS developing infrastructure projects via public-private partnership (PPP) type structures. Its offer involved debt or equity financing, and not the provision of a cash gift. Kay Forbes-Smith, the Disaster Reconstruction Authority’s (DRA) managing director, has repeatedly emphasised that few of the pledges involved cash and donations. Instead, they took various forms and involved recovery financing and the provision of in-kind services. “The pledges included initiatives in home building and repair; educational assistance; renewable energy partnerships; relief aid; grants; direct assistance to storm victims; parks restoration; loans and financing,” Mrs ForbesSmith said. “After further assessment of the full scope of pledges, the revised amount pledged was very close to $1.8bn.” She broke this down into $41m in grants; $1.3bn in public-private partnerships; technical assistance worth $51m; $400m in other assistance and the $364,000 in cash and deposits yesterday referred to by Mr Lewis. Mrs Forbes-Smith then reiterated this message on an Inter-American Development Bank (IDB) webinar, where she said: “Everybody knows about the infamous pledge conference where people felt that we collected $1.77bn in cash, which never

happened, but our development office is actively trying to secure the fundraising.” Out of the equity financing and gifts in-kind that were pledged, she said some $1.14m was confirmed, with another $800,000 in the proposal stage and just over $250m “to be explored or confirmed”. Meanwhile, Mr Lewis said yesterday: “The government made a commitment last year to deposit $10m as a part of the overall initiative, and the balance was supposed to come from pledges and from private donors who would have earmarked specifically for reconstruction. “Again, because of the pandemic a lot of priorities shifted, and even though we received $1.5bn in pledges, a pledge is not really a deposit. We really only received $364,000 in cash and deposits, and we’re doing our best to ensure that we accommodate as much as possible.” Questioned over the difference between what was pledged and what has been received thus far, Mr Lewis said: “Out of the $1.5bn that was pledged in cash and kind we received $364,000 in cash and deposits so far. “We also got in-kind support from the UNDP (United Nations Development Programme) and our other international partners. We had Samaritan’s Purse in Grand Bahama and Abaco, and we had Church by the Sea, so there were a lot of foreign NGO’s (non-governmental organisations) that also came in and, in addition to cash, there were in-kind donations.” Mr Lewis promised the government “will do our best to ensure that we carry out our commitment to the Bahamian people because we realise there is a need, and we will do our best to support our people”.

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net BACK-TO-SCHOOL suppliers yesterday said demand for their products was slowly increasing as children prepared to return to the classroom or virtual learning on October 5. James Wallace, owner/ operator of Janaees Uniform Centre, told Tribune Business: “We are having customers come in for school supplies, yes. Business has definitely picked up a bit from where it was, but unfortunately it is nowhere near the level of where it used to be, not that I am expecting it given the situation. “Definitely we have seen a bit of traffic. I think this is people preparing for backto-school, because what I understand is that they will have some in-school attendance later on this year. I think this is people trying

to get in front of the rush with the social distancing requirements.” Mr Wallace added that it was impossible to compare the season to-date with prior year numbers given that the timing is so different, with back-to-school falling in July and August in 2019. He said: “The numbers haven’t really changed. I will have to wait until the season is actually over because I am not comparing apples with apples. “Where I would have been comparing a day for the same people, I am now one-and-a-half months removed. So, I’m not really comparing apples with apples, so to speak. I would have to analyse it and try to interpret what the data is saying to me based on days before school opens or something. So it is not a straight linear conversion, or not a straight comparison.” Kaylecia Storr, Southwest

Contractors stunned by PM’s ‘three strikes’ COVID enforcement FROM PAGE ONE

at present. He reiterated that supply chain woes related to the inability to source the necessary building materials, in sufficient quantities, on a timely basis - an issue he expects will be resolved as the industry adjusts to the new COVID19 environment. “We’re concerned,” he added. “Concerned first of all that the construction industry has been highlighted. We fought so hard to get it up and keep it open. It’s so hard to control it from a construction point of view.

You have to fence in the entire project and have a control gate 24/7. Sometimes that’s not practical. “It’s a fight, and we have to continue to educate ourselves. We’re getting ready to go live with our training. A number of individuals, professionals and construction companies have taken our OSHA COVID-19 course and have been able to implement this training in the workplace and their homes.” Mr Pratt added that the restrictions imposed on inter-island travel in The Bahamas, in a bid to limit the spread of COVID-19, had

Copy Centre’s general manager, said “things are going very well” with the store offering 20 percent off on school supplies in addition to the government’s VAT holiday. Pazia Bowe, Nassau Stationers general manager, added: “It was bound to pick up because it is backto-school, and schools are still doing the virtual thing and the children still need their books. They may have some e-books for some subjects, but especially for the toddlers and the little children, the elementary school, they still need their books. “The government schools, they usually come in. I think they open up in October, so we will see their parents shopping for them maybe by the middle to the end of this month, which would take us into October.” also inhibited the movement of construction workers and supplies and resulted in several key projects - including the building of a new bank on Abaco - being shut down. Stephen Wrinkle, a former BCA president, yesterday told this newspaper that he was unsure if an enforcement policy targeting all the construction industry was deserved in the absence of data suggesting that noncompliance by work sites had aided COVID-19’s spread. “I’m not sure a blanket threat is warranted against the construction industry in the absence of statistical data to back it up,” he said. “Obviously he’s [the Prime Minister] seen something we’ve not seen... “We monitor all our workers. If you come on to the site without a mask, if you show up in the morning without a mask, you’re going home. It’s as simple as that.”

THE TRIBUNE

Wednesday, September 9, 2020, PAGE 3

BAHAMAS MUST ‘LOSE 14-DAY QUARANTINE’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

AN EXUMA-based water excursion provider yesterday said it had “no choice” but to make the sector’s November 1 opening after losing $1.5m in sales to COVID-19. Ray Lightbourn, principal of Exuma Water Sports, told Tribune Business that The Bahamas “has to get rid of that 14-day quarantine” period for all visitors if the tourism industry is to enjoy a sustainable re-opening. Suggesting that few tourists will come if they are confined to their hotel properties, Mr Lightbourn said tremendous uncertainties surround the plans unveiled by Dionisio D’Aguilar, minister of tourism and aviation, and his Ministry of Tourism team to re-open The Bahamas’ most pivotal industry at the second time of asking.

Alarm voiced over cruise industry’s Nassau bypass By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A BAHAMIAN destination provider yesterday voiced alarm that the cruise ship industry may initially bypass Nassau in favour of its private islands once it makes its COVID-19 comeback. Peter Rebmann, Pearl Island’s managing director, said he was “still in shock” after Dionisio D’Aguilar, minister of tourism, told the nation on Monday that he would “accept for a short while” the cruise lines calling on their Bahamian private islands to test out COVID-19 health protocols once voyages resumed. “I am still in shock about this ‘may be acceptable for cruise lines not to stop in Nassau? I am speechless. Pearl Island needs the event business - from an expected $1.5m revenues in 2020 to zero the rest of the year,” he said. “Cruise ships, the way how it looks now - March 16 to who knows when - zero money. That’s our major business. I understand hotel guests are not allowed to leave the property for two weeks, or I am wrong? “Glad for the hotels as they are a major employer, and very happy for all their staff. For us this is no help - we need cruise ship guests, events. That’s 90 percent of

Unlike a hurricane, he added that the ever-changing environment created by the pandemic made it impossible for familyowned businesses such as his to plan properly as he voiced concern over whether quarantining resort guests will be able to patronise its services despite its existing tour contracts with Sandals Emerald Bay. “To me this quarantine is ridiculous,” Mr Lightbourn told this newspaper. “You came in having produced a negative PCR test, so why do you have to quarantine. We still have 80 bookings for November/December, and a lot of people are inquiring, but they don’t want to quarantine. Who’s going to come down? It makes no sense. They had to get rid of that quarantine. “If someone had said at the start we would have had to close down for six months I would have thought they were being ridiculous. It’s

been very hard, and trickles down to everything you do. We don’t go to restaurants; we have to save all the money we have. It’s tough. We’ve lost $1.5m in sales to this point.” Mr D’Aguilar on Monday said quarantines, strict health protocols and even temporary border closures will for the foreseeable future be a new normal for the Bahamian and global tourism industry as part of efforts to combat COVID-19’s spread. The 14-day quarantine also ensures a level COVID-19 regulatory playing field for foreigners and Bahamians, with the former able to see out this period (if they stay that long) in a Bahamian resort property and enjoy all the amenities, excursions and beach front it provides. Mr D’Aguilar, though, acknowledged that the quarantine requirement will likely eliminate The

Bahamas’ Airbnb and vacation rental business as such visitors like to explore and will not want to be confined to their accommodation. And Mr Lightbourn said he was now “inquiring” of Sandals Emerald Bay to discover whether Exuma Water Sports fell under the amenities that quarantining guests can enjoy given its contract with the resort. “We’re waiting to hear if we’re included in that exercise,” he added. “It’s good that the National Insurance Board are paying our 13 staff; at least they’re getting something. “It’s tough. We’ve just got to hope that when we open back up… I don’t know whether we’ll be busy or not. We don’t know how busy it’s going to be. I don’t have a clue. “We don’t know what we’ll do with our staff. We usually pay them by the week, but may have to pay them by the day,” Mr

Lightbourn added. “It’s so different from a hurricane. After a hurricane you might be closed for three weeks, but at least you can make some plans. With this thing you cannot make any plans.” Mr Lightbourn added that re-opening will bring its own issues for Exuma Water Sports, with a $35,000 insurance premium payment - vital to covering accident liabilities and maintaining its hotel contracts - becoming due for payment almost immediately. And its licenses will also become due by December 31. With the company having been largely closed for the past six months, Mr Lightbourn said it felt like paying insurance twice, while he had also been forced to order four batteries for its seven-strong boat fleet. “We can’t operate without it,” he explained. “It’s

like paying double insurance this year, as we’re not making anything, and that makes it extra hard. “The business has not made a cent since March. We’re holding on. I’m hoping we can make it to November 1. It’s a monthand-a-half away. It’s a long time, but we really don’t have any choice but to make it.” Mr Lightbourn added that tourism’s abrupt June/ July opening, only to almost immediately shut down again, ensured Exuma Water Sports lost money on the hand sanitiser and cleaning products it had ordered. Confirming that the company’s boats had to operate at 50 percent capacity, he explained: “People don’t realize; they think if you’re operating at 50 percent capacity you’re making 50 percent of your profits but that’s not true. You only start making a profit at 50 percent.”

our business and the rest is hotel guests and online bookings from all over the world. We need around four weeks to have everything in order to be back in business.” Mr D’Aguilar’s comments, made during the unveiling of Bahamian tourism’s second attempt at a relaunch, represented a further softening of the stance he took when speaking to Tribune Business on May 11, 2020. He pledged then that the government will use “whatever means are necessary” to ensure the cruise industry does not bypass Nassau and other “major population centres” post-COVID-19, adding that it “won’t allow” the multi-billion dollar industry to exclude the Bahamian capital and other major islands from its voyage itineraries once it resumes sailing in the pandemic’s aftermath. Mr D’Aguilar subsequently promised on August 11 to “encourage” the cruise lines to visit The Bahamas’ major cities immediately upon the resumption of sailing, despite the sector’s preference for its private islands. However, on Monday he indicated that the government will tolerate the cruise lines calling exclusively at their private islands for a sort period upon the industry’s returns. Acknowledging that the cruise lines will be “extremely cautious”, given the industry’s preshutdown status as a COVID-19 breeder and the onerous protocols likely to

be imposed upon it by the Centres for Disease Control and Prevention (CDC), the minister said: “I told them as minister of tourism I would accept that [only private island calls] for a short period, but they need to come to our population centres to make some economic impact.” His comments echo those of Michael Maura, Nassau Cruise Port’s chief executive, who previously said downtown Bay Street is “unlikely to see any cruise passengers” before year-end 2020 regardless of whenever the industry resumes sailing. He explained that this was because cruise lines will likely maintain tight control of their passengers’ onshore activities to ensure they remain COVID-19 free, and do not bring the virus with them when they return to the ship. Muna Issa, SuperClubs Breezes’ managing director, told Tribune Business yesterday of the October 15 re-opening date set for the hotel industry that the Cable Beach-based allinclusive will bring bvack staff as demand picks-up. She added: “Our occupancy now is very, very low, so we have lost a lot.” Acknowledging that much depends on the spinoffs from The Bahamas’ two major resorts opening, she added: “Hopefully if Baha Mar and Atlantis open flights will increase into The Bahamas and that will have a positive effect on our occupancy.” Matthew Brear, general manager of Long Island’s Cape Santa Maria

property, added: “We are usually closed for storm season, September 1 to October 31, regardless of the challenges brought on by the pandemic, and look forward to reopening

November 1 as usual. “We typically welcome two fly-in pilot groups in the first two weeks of November. This year will be no exception. These groups usually bring 50 guests

and 85 guests respectively. Although we expect them to be markedly smaller this year we hope that they will still bring in at least 35 to 70 guests each - still a great start to our season.”

PAGE 4, Wednesday, September 9, 2020

Hotel’s revenues cover just ‘25% of light bill’ FROM PAGE ONE

subsidise your operations from funds you want to have spent on marketing as opposed to covering losses. “I would think this year, my numbers are relatively small but we are probably going to do a $2m loss. That’s on 184 rooms.” Mr Alnebeck expressed particular concern over whether some Family Island properties, which may have been closed for up to six months as a result of COVID-19 restrictions, will have the necessary financial strength to cover what could be significant re-opening costs. “You have to have very deep pockets to re-open, and that’s my concern,” he explained. “Some of the smaller hotels in The Bahamas that are really showcasing what the country is all about, they might

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not have the cash to be able to re-open. “To re-open a hotel costs money, and it takes a few months to get to positive cash flow. If they don’t have the cash to begin reopening, start cleaning the place up, get people back to work and pay them for the first few weeks, how do you start? “The big hotels have the money, but what about the smaller properties in the Family Islands? Your smaller Out Island hotels at the moment are much more attractive for consumers than the big hotels.” Asked whether he feared some small resorts may never re-open, Mr Alnebeck replied in the affirmative and said: “I hope the smaller hotels get some support in some way so that, if we are re-opening, they are able to re-open.” Backing the government’s decision to push forward with tourism’s return at the second attempt, the Pelican Bay manager said COVID-19’s demands will force it to move away from its traditional business model to one that has been embraced by Jamaica and other regional competitors. “As long as we have a two-week window in place, a protocol that we are not allowed to call a quarantine, there’s only a certain group of hotels that are suitable for that model and that is the

all-inclusives,” Mr Alnebeck told Tribune Business. “Jamaica and St Lucia have done very well with it, and have basically been able to create a bubble around each all-inclusive facility, provide shower facilities for staff and have some staff stay in. There are two questions: Will that model work in The Bahamas; that is the first question, and number two, is it really the right thing to do:? Is the virus going to spread anyway.” The Bahamas’ all-inclusive properties include the two Sandals resorts, Royal Bahamian and Emerald Bay in Exuma; SuperClubs Breezes; the RIU Paradise Island; Viva Fortuna on Grand Bahama; and Club Med on San Salvador. Suggesting this represents an insufficient all-inclusive inventory, Mr Alnebeck added: “The question is: Will Atlantis and Baha Mar re-open and try to control the guests that they have under the VIP (Vacation in Place) protocol. It will be quite hard. That is a model that we have never been keen on in The Bahamas, although we have it in certain instances. “That is a model we have been very much against, all-inclusives, in Nassau because traditionally we have created products that are open and people come and go. Sandals will be one of the properties that will

be suitable to re-open as soon as they can, and it’s very important we all support that. It’s a product that’s going to work better until consumers are more confident with the normal Bahamas product.” Mr Alnebeck added that Bahamian tourism will likely endure “a slow rampup” following its return with the key issue being whether travellers have sufficient confidence to visit The Bahamas or any other destination. “I just hope we don’t do another 180 degree turn or 90 degree turn like we did in July,” he told Tribune Business. “We have to show we are ready for this and see it through. Let’s just say that what we have done in the past might not make every comfortable we won’t do it again, but let’s hope it doesn’t. “It’s very important that, in what we’re dealing with at the moment, we don’t constantly change the course. Set the protocols and stick with it. We can’t keep saying to tourists you are welcome but can’t go on the beach. To come to The Bahamas and not be on the beach is a bit like going to the Universal Theme Park and being told you can’t go on the rides.” The Bahamas’ beaches are due to open on October 15 along with the hotel sector.

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(242) 323-2320

ALL SHARE INDEX: CLOSE: 2,086.85 | CHG: 0.04 | %CHG: 0.00 | YTD: -144.75 | YTD%: -6.49

INTENT TO CHANGE NAME BY DEED POLL

BISX LISTED & TRADED SECURITIES

PREFERENCE SHARES 1.00

1.00

1000.00 1000.00 1000.00 1000.00

1.00 10.00 1.00

1.00 10.00 0.90

SYMBOL AML APD BBL BFH BOB BPF BWL CAB CBB CBL CHL CIB CWCB DHS EMAB FAM FBB FCL FIN JSJ

Bahamas First Holdings Preference Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Fidelity Bank Class A Focol Class B

BFHP CAB6 CAB8 CAB9 CAB10 CHLA FBBA FCLB

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

52WK LOW 100.00 100.00

115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.00

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

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

SYMBOL FBB22 BFHB

BAHAMAS GOVERNMENT STOCK - (percentage pricing) Bahamas Note 6.95 (2029) 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: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-3Y BGS: 2015-10-7Y

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

CHOICE FOR THE FAMILY WWW.FACEBOOK.COM/JOYFM1019

www.bisxbahamas.com

SECURITY AML Foods Limited APD Limited Benchmark Bahamas First Holdings Limited Bank of Bahamas Bahamas Property Fund Bahamas Waste Cable Bahamas Commonwealth Brewery Commonwealth Bank Colina Holdings CIBC FirstCaribbean Bank Consolidated Water BDRs Doctor's Hospital Emera Incorporated Famguard Fidelity Bank Focol Finco J. S. Johnson

then the same busses carry the people back. This is exactly what Mike Maura said a couple of months ago; what he said about the cruise lines. That the people would come here and go to a pre-determined station, and then they would take them back to the cruise ship and the cruise ship leaves.” One tourism industry source, speaking on condition of anonymity, renamed the VIP initiative “Vacation in Prison” yesterday. Mr Ferguson, meanwhile, reiterated: “The only persons that would benefit from that are the large resorts or these pre-determined destinations that they are taking the tourists to. “People in the country who are hurting are the small persons, the little straw vendor, the people that work in the downtown area, because they depend on a sale to keep a job, taxi drivers and by extension the rest of the local economy. “If there is no money flowing to the bottom of the food chain then only the wealthy is surviving. So when you take all of the tourists, send them over to a big company like Atlantis, make them all-inclusive then there is no reason for a taxi driver to be out there, no reason for a straw vendor to be downtown, there is no reason for the jet-ski operator to be out there,” he continued. “There is no reason for the downtown shops to be open because the tourists aren’t coming out because they have the biggest vacation in place. Vacation in place, from our experience all-inclusive hotels, they only cater to themselves.

LAST CLOSE 3.51 17.43 1.62 1.75 1.67 5.40 6.75 2.99 5.10 3.73 6.10 11.26 2.31 5.30 9.92 8.44 14.30 3.96 8.97 15.20

CLOSE 3.51 17.43 1.62 1.75 1.67 5.40 6.75 2.99 5.10 3.73 6.10 11.26 2.26 5.30 10.02 8.44 14.30 3.96 8.97 15.20

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.05 0.00 0.10 0.00 0.00 0.00 0.00 0.00

1.00 1000.00 1000.00 1000.00 1000.00 1.00 10.00 0.90

1.00 1000.00 1000.00 1000.00 1000.00 1.00 10.00 0.95

LAST SALE 100.00 100.00

CLOSE 100.00 100.00

CHANGE 0.00 0.00

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

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

VOLUME

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05

EPS$ 0.239 0.932 0.000 0.000 0.070 1.760 0.369 -0.438 0.140 0.184 0.449 0.722 0.102 0.467 0.646 0.728 0.816 0.203 0.939 0.631 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

VOLUME

DIV$ 0.170 1.260 0.020 0.000 0.000 0.000 0.260 0.000 0.000 0.120 0.220 0.720 0.434 0.060 0.328 0.240 0.540 0.120 0.200 0.610 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

P/E 14.7 18.7 N/M N/M N/M N/M 18.3 -6.8 36.4 20.3 13.6 15.6 22.2 11.3 15.5 11.6 17.5 19.5 9.6 24.1

YIELD 4.84% 7.23% 1.23% 0.00% 0.00% 0.00% 3.85% 0.00% 0.00% 3.22% 3.61% 6.39% 19.20% 1.13% 3.27% 2.84% 3.78% 3.03% 2.23% 4.01%

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

0.00% 0.00% 0.00% 0.00% 0.00% 6.25% 7.00% 6.50%

INTEREST Prime + 1.75% 6.25%

19-Oct-2022 30-Sep-2025

6.95% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.50% 6.25% 3.50% 4.25%

20-Nov-2029 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-2022 26-Jun-2045 15-Oct-2018 15-Oct-2022

MATURITY

The Public is hereby advised that I, GIOVANA PETERSON of #15 Coral Close, Nassau, Bahamas intend to change my name to GIAVANNA ALBERTHA PETTERSON. If there are any objections to this change of name by Deed Poll, you may write such objections to the Deputy Chief Passport Officer, P.O. Box N-742, Nassau, Bahamas no later than thirty (30) days after the date of publication of this notice.

NOTICE NOTICE is hereby given that MICHELET DANIEL, Barcardi Road, Nassau, New Providence, The Bahamas is applying to the Minister responsible for Nationality and Citizenship, for Registration Naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/ naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 2nd day of September 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

MUTUAL FUNDS 52WK HI 2.34 4.41 2.12 198.39 168.29 1.69 1.85 1.77 1.24 8.34 10.26 7.08 12.15 12.71 10.81 10.00 8.98 11.79

52WK LOW 2.11 3.30 1.68 164.74 116.70 1.64 1.79 1.73 1.06 6.41 7.62 5.66 8.65 10.54 9.57 9.88 8.45 11.20

“Minister D’Aguilar has basically fallen flat and he has not lived up to the expectation that he would be a brilliant tourism minister. He has just dropped everyone in the bag as usual. In addition, minister D’Aguilar has no idea when the cruise ships are going to come back here as these cruise lines are waiting on word from the CDC,” Mr Ferguson, when responding to concerns about how many taxi drivers have lost their plates during the COVID-19 shutdown, said: “Basically about 60 percent of the taxi-drivers lost their plates, which was escalated by the former transport minister, Renward Wells, who then put that public notice in the newspaper and said the taxi drivers who are leasing ought to go down to the Department of Road Traffic to see the acting controller, Bradley Sands. “We warned Mr Wells on that on more than one occasion, and that created panic among the plate owners. Even if a plate owner had some compassion for a taxi-driver, the minute the minister made that announcement it means that the minister is getting ready to take plates back. So the owner of the plates had to take them back from the driver for safe-keeping. “We warned minister Wells on that repeatedly, and despite the moratorium being lifted for taxi plates, we said that this is a good time to give out the taxi plates to those who you determined would get taxi plates. When the economy reopens, these taxi drivers are saddled and ready to go.”

C.B. Strategy Ltd. LIQUIDATOR

MARKET REPORT 52WK LOW 3.13 20.91 0.67 1.75 1.67 5.40 5.39 2.00 5.05 3.62 5.60 11.05 2.71 2.64 9.60 7.10 13.04 3.20 8.00 13.90

FROM PAGE ONE

Dated this 7th day of September 2020

52WK HI 4.10 22.65 2.00 1.79 2.46 6.00 6.75 5.47 8.59 4.50 6.16 12.77 3.64 5.49 10.88 8.44 16.99 4.25 9.40 15.21

Taxi chief blasts tourism strategy

FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund Leno Preferred Income Fund Leno Growth Fund Leno Diversified Fund Leno 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 Colonial Bahamas Fund Class D Colonial Bahamas Fund Class E Colonial Bahamas Fund Class F

NAV 2.34 4.41 2.12 196.40 163.60 1.68 1.81 1.76 1.07 8.30 9.90 7.08 11.27 12.71 10.23 N/A 8.93 11.27

YTD% 12 MTH% 2.54% 4.13% 1.12% 2.44% 1.38% 2.55% 0.65% 2.50% -1.88% 3.33% 1.10% 2.34% -2.43% 1.49% 0.34% 2.43% -11.07% -9.92% -0.45% 8.36% -3.20% 11.46% 2.10% 5.15% -6.17% 3.54% 2.92% 5.55% -4.66% -3.81% N/A N/A -4.20% 0.20% -8.60% -2.90%

NAV Date

31-Jul-2020 31-Jul-2020 31-Jul-2020 30-Jun-2020 30-Jun-2020 31-Jul-2020 31-Jul-2020 31-Jul-2020 31-Jul-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 30-Jun-2020 30-Jun-2020 30-Jun-2020

MARKET TERMS

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00

YIELD - last 12 month dividends divided by closing price

52wk-Hi - 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 | COLONIAL 242-502-7525 | LENO 242-396-3225 | BENCHMARK 242-326-7333

26th August, 2020

THE TRIBUNE

Wednesday, September 9, 2020, PAGE 5

Crime ‘epidemic’ hits Abaco reconstruction

FROM PAGE ONE

secure. Security is the number one thing. If people don’t feel secure, it’s not just the locals, there’s the driving force of the Abaco economy; the second homeowners,” he added. “They’re not going to come back unless they feel secure and, if they invest to rebuild, they won’t want their materials stolen from the job site. It’s a very serious issue here, and is not getting any better. The private sector is not going to return until they feel they can do so securely, and feel the investment in their assets is not going to be stolen from them overnight.” Mr Hutton’s position was echoed by Mr Thompson, who told Tribune Business he was “dumbfounded” and “very shocked” that then police commissioner would describe the island’s present crime woes as “fake” since it suggested law enforcement’s top officers were out

Supply shortage squeezes virtual learning expense FROM PAGE ONE was also contributing to a computer supply shortage that he predicted will last until at least October. He added: “The problem is there is a shortage in laptops, tablets, printers, inks and so forth in the US because everyone is going

of touch with what was happening on the ground. Suggesting that many Abaconians had been unable to contact the police to report thefts and other incidents, the Marsh Harbour/Spring City Council chief said he was presented with four new contact numbers to pass on to the community after finally securing a meeting with Chief Superintendent Smith on Monday. Revealing that the officer admitted the police are undermanned on Abaco, and lack the necessary vehicles, Mr Thompson said enforcement of the COVID-19 emergency orders is also lacking. He cited the operation of several bars, and an incident in one where an off-duty Royal Bahamas Defence Force officer allegedly brandished a firearm. Noting that these bars remained open despite being reported to authorities, he said he personally knew of ten to 12 thefts that

had occurred in the Marsh Harbour/Central Abaco area over the past week. “I’ll be honest with you. I’m very disappointed in the government thinking nothing is going on in Abaco, and when you speak to the people something is happening every day or other day,” Mr Thompson said. “It isn’t like we’re asking for much. All we’re asking for is more of a police presence in the Central Abaco area, with some roadblocks at night. People are breaking the curfew at night. Their [the police’s] response is they have no place to hold people arrested. I’m very disappointed. “It’s going to hurt the growth of Marsh Harbour and Abaco coming back. If they can’t control the crime people are not going to want to come back.” Naming several incidents and victims, Mr Thompson continued: “Ms Reckley, her husband had a stroke eight months ago. We donated stuff for her to rebuild her home,

ourselves and a non-profit group, and they stole the materials donated. “That’s $2,000-$3,000 worth of materials. That’s not petty. I can do down the list. Abaco Gold was a jewellery store and clothing boutique. Mr Pinder had just put in a new window and there was nothing in there, yet they booted it out. “Kevin Sawyer at Island Boy Tackle and Marine, they stole the lower unit off one of his engines, and broke in and stole stuff out of the shop. Auto Marine Professionals, my brotherin-law, between Friday and Saturday they broke in,” he continued. “In Dundas Town they broke into a home and stole supplies and a generator. Krista Albury, the Chamber of Commerce director, her place was burglarised three times. People are getting discouraged because there’s no control on the crime. People wanting to come back, they’re seeing there’s no police here, there’s no

law and order here right now. “It’s heart-wrenching. It’s hurting us. Me publicising it doesn’t help us, but I don’t know any way of getting the government’s attention. The petty crimes have been nonstop for the past two weeks. Something is happening every day. If not in Treasure Cay, it’s in Hope Town, and if not in Marsh Harbour, it’s in Dundas Town or Murphy Town.” As for the economic fallout and impact on Abaco’s recovery, Mr Thompson added: “Why would people come back and invest $50,000-$70,000 in a business in Abaco if crime is not brought under control? I wouldn’t do it. If I was in Nassau thinking of a business in Abaco, I would think twice about it. “It’s discouraging. That’s a word I can say over and over. It’s discouraging to the homeowners who are trying to invest money back, but if things get stolen they will think twice about

rebuilding and that’s going to hurt us in the long run. “In all honesty I don’t know where we’re going to go. If we don’t do something about it, it’s going to be devastating to our economy and island, not just in Marsh Harbour but Dundas Town and the surrounding cays and other settlements. It will be devastating to this area because our economy relies on a trickle down effect.” Mr Hutton said crime on Abaco had become “more prevalent” since Dorian as more persons returned to the island. He described police complaints over a lack of accommodation as “an excuse”, adding that a location should not be allowed to become “lawless” because of it. “We’ve been hit by everything except an alien invasion in the last 12 months,” the chamber president added, “but I have to say it’s going to be a very serious negative impact if not dealt with.”

back-to-school, doing home school or working from home. There is a big shortage and they are hoarding the prices. There is very limited supplies so we really can’t find much stuff to sell. That is our biggest problem. “With printers, the lowend printers are gone and they are saying October. Laptops, they are now saying October, and inks, October. We have a crisis with buying product; that is the biggest problem. Mr Pyfrom continued: “We are trying to scrap

one piece here, two pieces there and whatever they have. We can do a lot better sales. This (back to school VAT holiday) needs to be extended a little longer until after October because there is no product and laptops went up like 50 percent. “Everything they are trying to put the price up to hoard you on because there is such a demand with a supply shortage, so that’s the big problem. Sales have been OK, but there isn’t much to sell. We’re

scrapping. We have to find stuff to sell. “We stocked up on inks before this happened, but we are still running out of inks and we are basically out of printers and have very few laptops. All of my suppliers are telling me October, so this is the biggest issue. “I saw on ABC where they said that they are hoarding so much that desks were sent up over the normal price on Amazon. I saw a tablet the other day on Amazon for $99, and

it’s now $139. They are just going up.” Pia Farmer, Customs Computers’ principal, said: “We have been very busy at all four locations where we are serving clients curbside. We have received a lot of calls and e-mails inquiring about our tablets, laptops and desktop packages for virtual learning. We are very busy fulfilling orders. “It’s worth noting that supply of these products is very tight as we compete with everyone worldwide who is also working and

studying from home. We are constantly bringing in inventory to keep up with demand. “We are lucky because we have been in business for over three decades now, and built many long-term relationships with suppliers overseas who are making every effort to prioritise us. The VAT holiday is making a big difference as people are buying local to take advantage of the discount. Also they will benefit from our know how, support and warranties after purchase.”

LEGAL NOTICE

NOTICE

(a)

VALDURO CONSULTING ASSOCIATION LTD. 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 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(c)

The Liquidator of the said company is CST Administration (Bahamas) Limited of the Bahamas Financial Centre, Shirley and Charlotte Streets, P.O.Box N-3023, Nassau, Bahamas.

Dated this 09th day of September, A. D. 2020

MARGIT LIMITED

NORIST LIMITED N O T I C E IS HEREBY GIVEN as follows: (a)

NORIST 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 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(c)

The Liquidator of the said company is CST Administra tion (Bahamas) Limited of the Bahamas Financial Centre, Shirley and Charlotte Streets, P.O.Box N-3023, Nassau, Bahamas.

Dated this 09th day of September, A. D. 2020

________________________________ CST Administration (Bahamas) Limited Liquidator

_________________________________ CST Administration (Bahamas) Limited Liquidator

LEGAL NOTICE

NOTICE

N O T I C E IS HEREBY GIVEN as follows: (a)

MARGIT 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 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(c)

The Liquidator of the said company is CST Administration (Bahamas) Limited of the Bahamas Financial Centre, Shirley and Charlotte Streets, P.O.Box N-3023, Nassau, Bahamas.

Dated this 09th day of September, A. D. 2020 ________________________________ CST Administration (Bahamas) Limited Liquidator LEGAL NOTICE

NOTICE

POTAXO LIMITED

UNOTIM LIMITED

MISTRAL MANAGEMENT LIMITED N O T I C E IS HEREBY GIVEN as follows:

NOTICE

VALLDURO CONSULTING ASSOCIATION LTD.

N O T I C E IS HEREBY GIVEN as follows:

LEGAL NOTICE

N O T I C E IS HEREBY GIVEN as follows:

(a)

MISTRAL MANAGEMENT LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(a)

UNOTIM LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(a)

POTAXO 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 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(b)

The dissolution of the said company commenced on the 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(b)

The dissolution of the said company commenced on the 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(c)

The Liquidator of the said company is Leeward Nominees Limited, Vistra Corporate Services Centre, Wickhams Cay 11, Road Town, Tortola, British Virgin Islands.

(c)

The Liquidator of the said company is CST Administration (Bahamas) Limited of the Bahamas Financial Centre, Shirley and Charlotte Streets, P.O.Box N-3023, Nassau, Bahamas.

(c)

The Liquidator of the said company is Leeward Nomi nees Limited, Vistra Corporate Services Centre, Wickhams Cay 11, Road Town, Tortola, British Virgin Islands.

Dated this 09th day of September, A. D. 2020

_________________________________ Leeward Nominees Limited Liquidator

_________________________________ CST Administration (Bahamas) Limited Liquidator

LEGAL NOTICE

NOTICE

ROSEVZAN LIMITED N O T I C E IS HEREBY GIVEN as follows:

N O T I C E IS HEREBY GIVEN as follows: NIRINVEST INTERNATIONAL LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

The dissolution of the said company commenced on the 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(b)

The dissolution of the said company commenced on the 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

The Liquidator of the said company is CST Administration (Bahamas) Limited of the Bahamas Financial Centre, Shirley and Charlotte Streets, P.O.Box N-3023, Nassau, Bahamas.

(c)

The Liquidator of the said company is Leeward Nominees Limited, Vistra Corporate Services Centre, Wickhams Cay 11, Road Town, Tortola, British Virgin Islands.

ROSEVZAN LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(b)

(c)

Dated this 09th day of September, A. D. 2020 ________________________________ CST Administration (Bahamas) Limited Liquidator

BENEDICT ASSOCIATION LTD.

NIRINVEST INTERNATIONAL LIMITED

(a)

_________________________________ Leeward Nominees Limited Liquidator

Dated this 09th day of September, A. D. 2020 _________________________________ Leeward Nominees Limited Liquidator

N O T I C E IS HEREBY GIVEN as follows: (a)

BENEDICT ASSOCIATION LTD. 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 17th June, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(c)

The Liquidator of the said company is Leeward Nominees Limited, Vistra Corporate Services Centre, Wickhams Cay 11, Road Town, Tortola, British Virgin Islands.

Dated this 09th day of September, A. D. 2020 _________________________________ Leeward Nominees Limited Liquidator

PAGE 6, Wednesday, September 9, 2020

Q O O L A D N I V R M I B Q R 4

Daily Express Tuesday, July 7, 2020

G A V Y N L N X X J N D H I O

U N O X A U C T W L W T A F G

E U I J A L K Z I A M I K Q A

M H D B N U H A W E B K R I N

O B R D O Q S L R A J K I J J

BTHE I TRIBUNE R Y A A B Y R N C R O K N A I O J B R S I K O P W O J A O I E M J T O O W A M S L J I P A P A D I V P O U M A S A L J A M D D L F R E Z S H KDX1STM T

T A A H C G Z V A M J A R A O

Find all the Indian foods listed below in Solution tomorrow

Puzzles

ALOO GOBI ● BAATI ● BHAJ BHAKRI ● BHUNA ● BIRYANI ● CHAPATHI ● DAAL ● DOSA ● JA KORMA ● ● PAKORA ●5 PA 1 NAAN 2 3 4 DOWN 1 Officer has part inRAJMA ● ROGAN JOSH ● SAM interval (5,5) TIKKA MASALA 10● VINDALO 2 Register a petition as buff 9

CRUSADER PRIZE CROSSWORD acrOss 1 I am turning very loud to annoy (4) 3 Hard need developed after rowers increased (10) 9 Small amount gets large knock (4) 10 Moving out, as claim is catastrophic (10) 11 Study assignment in another entry (11) 15 Dawn and Harold escape (4-5) 17 Turn to wise man for employment (5) 18 Govern in bad conditions, say (5) 19 Spike and fellow journalist put aside (9) 20 Pass grandee order that’s explosive (4,7) 24 Bicycle manoeuvre, losing end of tie in receptacle (7,3) 25 Let it stand a new test (4) 26 Aunt agreed, new layout is assured (10) 27 Surgeon’s desire (4)

gets glory, we hear (4,1,5) 4 Old Sam, new papers (5) 5 Pleased with a trio played for warrior (9) 11 6 Find location in gallery, taking a ruling out (11) 7 Time that’s the same in 15 both directions (4) 8 Party on ship is an Quick opportunity for idleness (4) 12 Transporting clan home croSSword 18 to city, surrounding one across: 1 Call; 3 Retracts; in sadness (11) Nigh;finds 9 Profound; 13 Gloomy8count 11 Incidentally; hypothetical stuff (4,6) 13 Callow; 14 Statue; 17toIndifference; 14 Race tended to drift the middle 20 (4,6) Obtained; 21 Pier;22 16 Moderately proficient 23 Once. 22 Rudeness; 24 fighter for open1 land (9) down: Convince; 21 Head of2geography Logical; 4ready Errand; to complain (5) 5 Refractory; 6 Cruel; 26 22 Second 7 wife gets Side; 10silver Admonition; loot (4) 12 Rehearse; 15 Tension; 23 Volunteers put iron18 Noted; 16 Offers; before cheese (4) 19 Door.

E i E nrr ot E

● The Target uses words in the main body of Chambers 21st Century Dictionary (1999 edition)

HOW many words of four letters or more can you make from the letters shown here? in making a word, each letter may be used once only. Each must contain the centre letter and there must be at least one nine-letter word. no plurals or verb forms ending in “s”. TODAY’S TARGET Good 19; very good 29; excellent 38 (or more). Solution tomorrow

call 0907 181 2585 for today’s target solution *Calls cost 80p per minute plus your telephone company’s network access charge.

BATTLESHIPS FIND where the fleet of ships shown is hidden in the grid. The numbers to the right of and below the grid indicate how many of the squares in that row are filled in with ships or parts of ships. The ships do not touch each other, even diagonally. Some squares have been filled in to start you off. Solution tomorrow 2

9 10

1 2

YESTE 16

wordSEarch Q C O T R 23 O U S E R S Y T B S

L K L N S S A N D A L S O C S

T V X V V S B O O T S A X A K

T S M 20 L H I S T H G I T D R C

L T E O K E F K S E U M J D O

E L R V I B K W B H X V L I S

B T J Q A E S S T R I K S G J

S L T F D I N U P E S R P A U

G N N F X D L H E T N R T N M

L K I Y V S 21 U I R Z D A U F H E I V I T E H S C U U WTAR H P TIM E

THE ALPHABEATER

TARGET

1 x Battleship

3 x Destroyer

2 x cruiser

4 x submarine

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30 31

34 35

38 39

■

● Alternatively, for six Extra Letter clues to your mobile, text DXBEAT to 84901. Texts cost £1 plus your usual operator rate

KEIJO 1 1

Place the tiles the grid so th four differen numbers and different shap appear in each and column

Solution tomorrow

THE TRIBUNE

Wednesday, September 9, 2020, PAGE 7

PAGE 8, Wednesday, September 9, 2020

THE TRIBUNE

Boeing finds new problem with 787 that will delay deliveries By DAVID KOENIG Associated Press

INSPECTIONS triggered by production flaws in Boeing’s 787 jetliner are further slowing deliveries of the

issues that have been found where rear sections of the 787 fuselage are joined together and on part of the tail called the horizontal stabiliser. The affected planes haven’t been delivered to customers yet, and “We expect these inspections to affect the timing of 787 deliveries in the near term,” spokesman Peter Pedraza said in a statement. The Federal Aviation Administration said it is investigating the matter. “It is too early to speculate about the nature or extent of any proposed Airworthiness Directives that might arise from the agency’s investigation,” said the spokesman, Lynn Lunsford, referring to potential safety orders that could be imposed on Boeing. The Chicago-based

two-aisle planes, compounding Boeing’s struggle to recover from the grounding of its 737 Max and the coronavirus pandemic. Boeing said yesterday it was inspecting separate

company, which builds planes in Washington state and South Carolina, said it delivered 13 airliners last month, including four 787s, which Boeing calls the Dreamliner. It is a popular plane among airlines for international routes. Boeing’s slow pace of deliveries since early 2019 has robbed the company of much-needed cash. During production of the horizontal stabiliser at a Boeing plant, some parts were clamped together with too much force, resulting in improper gaps between sections. Boeing doesn’t believe it is an immediate safety issue but could lead to premature aging of the fuselage, and it is delaying some 787 deliveries while determining whether repairs are needed on planes that have already

been delivered. Boeing is still working with US and foreign regulators to clear the Max for return to flying after two deadly crashes. Nearly 400 Max jets were in use when the fleet was grounded worldwide in March 2019 after crashes in Indonesia and Ethiopia killed 346 people. The Max was Boeing’s best-selling plane. Boeing dispatched a Max to Vancouver yesterday for flight tests this week with European regulators. The company has already conducted several test flights with FAA experts to demonstrate changes that Boeing made to computers and software after an automated system pushed down the noses of planes before they crashed. The company reported

THE WEATHER REPORT

5-Day Forecast

TODAY

ORLANDO

High: 91° F/33° C Low: 75° F/24° C

TAMPA

THURSDAY

FRIDAY

SATURDAY

SUNDAY

A couple of showers and a t‑storm

Partly cloudy

Some sun with a thunderstorm around

Periods of sun with a thunderstorm

Partly sunny with a shower

Mostly sunny

High: 89°

Low: 79°

High: 89° Low: 79°

High: 90° Low: 79°

High: 89° Low: 78°

AccuWeather RealFeel

101° F

90° F

100°-88° F

100°-85° F

100°-87° F

almanac

ABACO

High: 87° F/31° C Low: 83° F/28° C

4‑8 knots

High: 90° F/32° C Low: 77° F/25° C

6‑12 knots

FT. LAUDERDALE

FREEPORT

High: 89° F/32° C Low: 79° F/26° C

E S

WEST PALM BEACH

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

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

uV inDex toDay

TONIGHT

High: 89° F/32° C Low: 76° F/24° C

High: 89° F/32° C Low: 79° F/26° C

MIAMI

High: 90° F/32° C Low: 79° F/26° C

4‑8 knots

Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 88° F/31° C Low .................................................... 77° F/25° C Normal high ....................................... 88° F/31° C Normal low ........................................ 75° F/24° C Last year’s high ................................. 92° F/34° C Last year’s low ................................... 82° F/28° C Precipitation As of 2 p.m. yesterday ................................. 0.33” Year to date ............................................... 40.11” Normal year to date ................................... 26.22”

ELEUTHERA

NASSAU

High: 89° F/32° C Low: 79° F/26° C

High: 87° F/31° C Low: 83° F/28° C

KEY WEST

High: 90° F/32° C Low: 82° F/28° C

High: 87° F/31° C Low: 81° F/27° C

4‑8 knots

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

tiDes For nassau Low

Ht.(ft.)

Today

12:48 a.m. 1:24 p.m.

High

Ht.(ft.) 2.5 2.9

6:58 a.m. 7:52 p.m.

1.1 1.4

Thursday

1:38 a.m. 2:19 p.m.

2.4 2.9

7:48 a.m. 8:51 p.m.

1.1 1.4

Friday

2:36 a.m. 3:19 p.m.

2.4 2.9

8:45 a.m. 9:53 p.m.

1.1 1.4

Saturday

3:39 a.m. 4:19 p.m.

2.4 3.1

9:47 a.m. 1.1 10:52 p.m. 1.2

Sunday

4:40 a.m. 5:16 p.m.

2.6 3.3

10:48 a.m. 0.9 11:46 p.m. 1.0

Monday

5:37 a.m. 6:09 p.m.

2.8 3.5

11:46 a.m. 0.6 ‑‑‑‑‑ ‑‑‑‑‑

Tuesday

6:30 a.m. 6:59 p.m.

3.1 3.6

12:35 a.m. 0.7 12:41 p.m. 0.4

sun anD moon Sunrise Sunset

6:54 a.m. 7:20 p.m.

Moonrise Moonset

none 1:06 p.m.

Last

New

First

Full

Sep. 10

Sep. 17

Sep. 23

Oct. 1

CAT ISLAND

yesterday that it received orders for five Maxes in August, two to Polish charter airline Enter Air and three to a buyer that Boeing did not identify. It also reported selling three 777 cargo freighters. However, cancellations continue to outpace new orders, and Boeing has removed other sales from its backlog because the financial health of the airline customer makes the orders uncertain. So far this year, Boeing has lost 932 more orders than it has gained. The pandemic has undermined air travel, leading to fewer flights and leaving airlines with no need for new planes. Boeing shares fell 4% in midday trading.

ANDROS

SAN SALVADOR

GREAT EXUMA

High: 87° F/31° C Low: 80° F/27° C

High: 87° F/31° C Low: 81° F/27° C

High: 88° F/31° C Low: 82° F/28° C

LONG ISLAND

tracking map

High: 87° F/31° C Low: 80° F/27° C

6‑12 knots

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

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

CROOKED ISLAND / ACKLINS RAGGED ISLAND High: 86° F/30° C Low: 82° F/28° C

High: 86° F/30° C Low: 81° F/27° C

GREAT INAGUA High: 89° F/32° C Low: 81° F/27° C

N W

N E

E S

6‑12 knots

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

Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday:

WINDS SE at 6‑12 Knots ENE at 6‑12 Knots SE at 4‑8 Knots E at 6‑12 Knots E at 6‑12 Knots ESE at 6‑12 Knots E at 6‑12 Knots E at 7‑14 Knots ESE at 6‑12 Knots E at 6‑12 Knots SE at 4‑8 Knots E at 6‑12 Knots E at 6‑12 Knots E at 6‑12 Knots NE at 6‑12 Knots ESE at 6‑12 Knots E at 6‑12 Knots E at 6‑12 Knots E at 6‑12 Knots ESE at 7‑14 Knots SE at 6‑12 Knots E at 6‑12 Knots E at 6‑12 Knots E at 6‑12 Knots E at 6‑12 Knots E at 6‑12 Knots

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

VISIBILITY 6 Miles 10 Miles 6 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 6 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 7 Miles 6 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles 10 Miles

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