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THURSDAY, OCTOBER 11, 2018

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NAD’s $125m debt refinance a ‘win-win’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

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ASSAU’S airport operator is exploring a $125-$130m debt refinancing that could produce “a win-win for everybody”, a Cabinet minister revealed yesterday. Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business that the move was designed to increase local ownership of this nation’s primary “gateway” besides slashing the Nassau Airport Development Company’s (NAD) annual interest bill. Outlining the Lynden

* Cabinet’s ‘green light’ to ‘explore’ market * Minister targets more local participation * And cut to LPIA operator’s interest bill Pindling International Airport (LPIA) operator’s goals, Mr D’Aguilar said the refinancing aimed to convert existing US dollar debt into Bahamian dollars. Besides opening up the possibility of greater Bahamian participation, he added that this would also reduce the drain on external reserves caused by servicing the current debt. “We are considering the refinancing of $125$130m of participating

debt for NAD,” the minister confirmed to this newspaper yesterday. “The participating debt was really the portion of the debt that

Minister: FNM ‘better managers of economy’ of it, in the instances where NAD decided not to pay that interest, was deferred to a future date.” The deferred interest was thus capitalised and added to NAD’s outstanding debt, Mr D’Aguilar said. “It [the participating debt] started at around $80m, and over the years it has transpired to grow to $125m or thereabouts,” he added. “It was in total 13 percent, and by the time you converted to US dollars it was 15 percent because you had to pay the conversion.” The minister said NAD’s

DIONISIO D’AGUILAR

LYNDEN Pindling International Airport had a two percent fixed rate and 11 percent floating rate. “This meant two percent of interest was to be paid every year, and 11 percent

THE Bahamas National Trust (BNT) yesterday said the $10m annual operating costs for this nation’s national parks meant it had no choice but to seek private capital backing. Eric Carey, pictured, the BNT’s executive director, revealed to Tribune Business that an additional $25m was also required to upgrade essential

* Trust unveils 50/50 JV with developer * Admits ‘optics’ concern on Exuma Park * PPPs key; Govt won’t fund $25m upgrades infrastructure across the 32 parks as the trust unveiled its first joint venture with a private investor/developer. Confirming last month’s revelations by this newspaper, the BNT formally announced its public-private partnership (PPP) with Albany, the luxury

Checkers to create 40 jobs with fifth location By NATARIO MCKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net A WELL-KNOWN Bahamian restaurant chain yesterday said it is investing $3-$4m to create up to 40 jobs at its “futuristic” fifth location, saying: “We have to keep up with the trends.” Gus Cartwright, Checkers Café’s proprietor and chief executive, told Tribune Business it is targeting mid-2019 for the opening of its East Street South location to mark

the company’s 30th year in business. “The main thing is we are going to be 30 years old next year June, and we wanted to do something to commemorate that and show that we are still strong and vibrant,” Mr Cartwright said. “We decided to build a new building and open a new location. We want to make a statement that we are vibrant and are on the right track. Thirty years in business is no small feat and we are grateful.”

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BOB: Renewed confidence will ‘wane’ if no plan By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net BANK of The Bahamas was yesterday urged to release a detailed revival strategy at its upcoming shareholders’ meeting otherwise confidence created by its return to profitability will “wane”. Mike Lightbourn, pictured, Coldwell Banker Lightbourn Realty’s president, and one of the BISX-listed institution’s 3,000 minority investors, warned that recent momentum could be lost unless the board and management demonstrate how

they plan to maintain - and sustain - the end to six years of consecutive multi-million dollar losses. Revealing that he was “happily surprised” by Bank of The Bahamas (BOB) return to the black, Mr Lightbourn praised the

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southwest New Providence community, for the Exuma Cays Land and Sea Park. The agreement, involving a 50/50 joint venture, will see Albany and its parent company, Nexus Luxury Collection, invest the necessary capital to develop a beach club

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

and restaurant experience at Warderick Wells Cay, where the park’s headquarters and visitor centre are located. A water catchment system, utility and general support building will also be developed, and infrastructure upgraded to enhance the visitor experience. The BNT’s private sector partner will also construct accommodations to support future marine

BUSINESS confidence is growing because the Free National Movement (FNM) is viewed as “better managers of the economy and the Government’s finances”, a Cabinet minister said yesterday. Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business that such perceptions had helped to minimise the value-added tax (VAT) hike’s impact while also dissuading the International Monetary Fund (IMF) from making major cuts to The Bahamas’ short-term growth forecasts. He added that large Bahamian companies had told him “business is good”, and there was an increasing willingness to invest in the Bahamian economy due to the Government’s efforts to tackle the fiscal crisis and rein in public spending. In remarks that are sure to infuriate the Progressive Liberal Party (PLP), Mr D’Aguilar said: “I think the perception is that the FNM are better managers of the economy. “We’re a bit more prudent, a bit more wiser, more fiscally responsible. We’re managing the economy better, managing the public finances better, and

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BNT: $10m costs make Albany-type deals imperative By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

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THE TRIBUNE

DON’T COMPRESS IMAGE QUALITY BY FORMAT CHOICE

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OMPRESSION plays a vitally important role in many imaging systems by reducing the amount of data needed to store and/or transmit image data. While many different methods exist to perform image compression, perhaps the most well-known is the baseline JPEG standard. The proper use of image compression can make a huge difference in the appearance and size of your website image files. Nevertheless, it is often misused,

partly because there is a real lack of understanding as to what different types of compression are good for. If you do not understand which type of compression to use for different sorts of images, you will likely end up with one of two results: Images that do not look as good as they could, or image file sizes that are much larger than they need to be. Image compression is a process that minimises the size, in bytes, of a graphics file without degrading image quality to

an unacceptable level. The reduction in file size allows more images to be stored in a given amount of disk or memory space, and it also reduces the time required for images to be sent via the Internet or downloaded from web pages. This article contains everything you need to know about image compression for web or graphic design. I will focus on three file types; those most commonly found in web design. They are PNG, JPEG and GIF. While there are other

image formats out there that take advantage of compression (TIFF, PCX, TGA, etc), you are unlikely to run across them in any kind of digital design work. GIF (Graphics Interchange Format) is a bitmap image format introduced in 1987 by CompuServe. It supports up to eight bits per pixel, meaning that an image can have up to 256 distinct RGB colours. One of the biggest advantages to the GIF format is that it allows for animated images, something neither of the

other formats mentioned here allow. JPEG (Joint Photographic Experts Group) is an image format that uses lossy compression to create smaller file sizes. One of JPEG’s huge advantages is that it allows the designer to fine-tune the amount of compression used. When used correctly, this results in better image quality and the smallest reasonable file size. Because JPEG uses lossy compression, images saved in this format are prone to “artifacting”, meaning you can see pixelization and strange halos around certain sections of an image. Generally, the greater the contrast in an image, the higher the quality of image that needs to be saved. This results in a an acceptable-looking final image. PNG (Portable Network Graphics) is another bitmapped image format that uses lossless data compression, and was created to replace the GIF image format. The PNG format was largely unsupported by Internet Explorer for a long time, making it less commonly used than GIF and JPEG formats, although it is now supported properly by every major browser. PNG files also support palette-based colour (either 24-bit RGB or 32-bit RGBA), greyscale, RGBA and RGB colour spaces. One of PNG’s biggest advantages is that it supports a number of transparency options, including alpha channel transparency. Choosing a File Format Each of the file formats specified above are appropriate for different types of images, and choosing the proper format results in higher quality images and smaller file sizes. Choosing the wrong format means your images will not be as good as they could be, and that their file sizes will likely be larger than necessary. For simple graphics such as logos or line drawings, GIF formats often work best. Because of GIF’s limited colour palette, graphics with gradients or subtle colour shifts often end up posterised. While this can be corrected to some extent by using dithering, it is often better to use a different file format. For photos or images with gradients where GIF is inappropriate, the JPEG format may be best suited. JPEG works well for photos with subtle shifts in colour, and without any sharp contrasts. In areas with a sharp contrast, it is more likely there will be artifacts (a multi-coloured halo around the area). Adjusting the compression level of your JPEGs before saving them can often result in a much higher quality image while maintaining a smaller file size. For images with high contrast, especially photos, or illustrations with lots of gradients or contrast, the PNG format is often best. It is also the best option for transparent images, especially those that need partial transparency. PNG files are often larger than JPEGs, though it depends on the exact image. PNG files are also lossless, meaning all the original quality of the image remains intact. Here is an overview of which file types work best for each type of image: • GIF If animation is required. Line drawings and simple graphics. • JPEG Photos, especially without high contrast. Screenshots, especially of movies, games or similar content. • PNG Line art, illustrations.

The Art of Graphix BY DEIDRE M BASTIAN

Photos with high contrast. Transparency, especially alpha channel transparency. Application screenshots or other detailed diagrams. And here is an overview of which formats to avoid for each type of image: • GIF Images with gradients. Photos. • JPEG Images with high contrast. Detailed images, especially diagrams. Simple graphics (the file sizes are larger). • PNG Photos with low contrast (file sizes are larger). Image Compression in Print Design While the bulk of this article focuses on image compression in web design, it is worth mentioning the effect compression can have in print design. In my humble opinion, lossy image compression should be completely avoided in print design, as print graphics are much less forgiving of artifacting and low image quality than on-screen graphics. A JPEG saved at medium quality might look just fine on your monitor. However, when printed - and even on an inkjet printer - the loss in quality is noticeable (as is the artifacting). For print design, TIFF (Tagged Image File Format) is often the preferred method (if compression is necessary), as it gives options for a number of lossless compression methods (including LZW as mentioned above). There are several different ways in which image files can be compressed. For Internet use, the two most common compressed graphic image formats are the JPEG format and the GIF format. The JPEG method is more often used for photographs, while the GIF method is commonly used for line art and other images in which geometric shapes are relatively simple. For this reason, graphic images can be compressed more than text files or programs. So: Here is the question again. Why is image compression important? File size reduction allows images to be stored in a given amount of memory space and, when optimised, it allows web pages to load faster. Optimised images play a pivotal role in retaining the attention of users. There is no “critical point” up to which compression works perfectly, but beyond this it becomes impossible. Until we meet again, fill your life with memories rather than regrets. Enjoy life and stay on top of your game. NB: Columnist welcomes feedback at deedee21bastian@gmail.com ABOUT COLUMNIST: Deidre Bastian is a professionally-trained graphic designer/ marketing co-ordinator with qualifications of MSc, BSc, ASc. She has trained at institutions such as: Miami Lakes Technical Centre, Success Training College, College of The Bahamas, Nova Southeastern University, Learning Tree International, Langevine International and Synergy Bahamas.

THE TRIBUNE

Thursday, October 11, 2018, PAGE 3

GOVT TAKING ‘SIGNIFICANT STEPS’ ON TECH HUB By NATARIO MCKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net THE Government has taken “significant steps” towards making its “technology hub” ambitions a reality, a Cabinet minister said yesterday in unveiling the second Grand Bahama Technology Summit. Senator Kwasi Thompson, minister of state for Grand Bahama, confirmed that the conference will be held from November 14-16 at the Grand Lucayan Convention Centre under the theme, The Future Is Now. “The Government of the Commonwealth of The Bahamas has been focused on achieving our goal of making technology the third pillar of our economy,” he said. “It has been our vision to establish and grow the technology industry in The Bahamas to be a key contributor to our

KWASI THOMPSON

economy, similar to tourism and financial services. “We believe that Grand Bahama is uniquely suited to become an internationally-recognised science, technology and innovation hub, and as such have set out to establish Grand Bahama as this region’s Silicon Valley. The very first Grand Bahama Technology Summit, which took place in November of last year, was essentially our island’s announcement that we are open for business.” Mr Thompson added:

“Based on discussions and ensuing recommendations from the first tech summit, the Government has taken significant steps to implement our policy to make our technology hub a reality. “This year, we are delighted to once again welcome international business representatives to dialogue with our local policymakers and business community. This year’s Technology Summit will once again be a networking hot-spot for executives and

professionals in the technology industry, and an avenue to dive into and discuss the latest advancements in various sectors of technology.” Mr Thompson said education programmes will be showcased at this year’s summit, and achievements by the Government and its Grand Bahama Technology Hub Steering Committee over the past year will be highlighted. “In particular, we will highlight the Ministry of Education’s ICT (information and communications technology) plans for ours schools, which recently signed a deal for technology upgrades and to provide tablets for teachers and students,” he added. “We will also highlight BTVI ICT courses and certificates, which are now offered to Bahamians free of charge. We will see the first ICT-trained high school students, who

Bahamas Realty expands to west New Providence BAHAMAS Realty yesterday unveiled its expansion through a new office in western New Providence that will open on November 1. The new office, named Bahamas Realty West, will target the luxury properties and communities that populate that part of the island. It will be located in the Capital Union Financial Centre, a property chosen for its strategic location between Old Fort Bay and Lyford Cay. Donald Martinborough, Bahamas Realty’s chief executive, said: “I’m thrilled to announce this new office. Over the past few years, Bahamas Realty has experienced steady growth in sales in the western end of the

THE CAPITAL Union Financial Centre - home of Bahamas Realty West.

island. This new endeavour will allow the company to continue to build on the significant momentum by being accessible to clients and customers in this highend market.” To lead the expansion, Mr Martinborough said threetime top producing agent, James Bernard, will head Bahamas Realty West.

“I am very excited about this opportunity” said Mr Bernard. “I am going to run a very modern and efficient lifestyle-oriented real estate firm. Our clients recognise the importance of working with knowledgeable, local real estate agents, and we recognise that their time is extremely valuable. By establishing a dedicated

office space in the west, I’ll be able to bring the service our clients expect to where our clients need us to be.” Mr Bernard currently sits on the Bahamas Real Estate Association (BREA) Board, and is chairman of its appraisal committee. He also sits on the Bahamas Realty leadership team, and is a graduate of Virginia Tech University with a Bachelor of Science in Economics and a minor in Real Estate Management. “We are so proud of everything Jim has accomplished at Bahamas Realty, and know that Bahamas Realty West is going to excel under his leadership,” said Mr Martinborough.

completed the first phase of their summer certification course along with our new programme with the YMCA to provide coding certification to 100 young Grand Bahamians. This also includes promoting investment in Grand Bahama in Texas, Washington, New York, North Carolina and Atlanta.” John Padgett, the chief experience innovation officer at Carnival Cruise Lines, will be among the speakers at the summit. “Perhaps one of the most exciting aspects of this year’s Tech Summit is the unique opportunity for registered participants to take part in certificate courses offered by high-level international technology companies,” said Mr Thompson. “Availability for these courses will be limited based on prerequisite training as well as class size capacity. To this end, I

encourage all who are interested to visit our website for details and register as early as possible. We will be hosting executives from tech giant CISCO Systems, which is another global technology company with over 70,000 employees. We will have the benefit of CISCO Networks Academy Training Modules, which will provide training in the area of networks and programming.” ALIV, GIBC Digital, Grand Bahama Power Company and the Grand Bahama Port Authority are local sponsors. “I am particularly pleased that we will hear from our innovation partner, GB Power Company, who will unveil their renewable energy plan for Grand Bahama and will highlight and showcase the use of electric vehicles on Grand Bahama,” said Mr Thompson.

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REQUEST FOR EXPRESSIONS OF INTEREST

INDIVIDUAL CONSULTANT

Environment, Health & Safety Specialist for (1) The Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program

Institution: Inter-American Development Bank Country: The Commonwealth of The Bahamas Projects: (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program Project Number: (1) BH-L1043 and (2) BH-L1041 Loan Number: (1) 4363/OC-BH and (2) 3907/OC-BH Sector: (1) Environment and Natural Disasters and (2) Transport Deadline: October 19, 2018 The Ministry of Public Works (MOPW) is seeking an experienced Environment, Health, and Safety Officer to lead the implementation, and oversight of environmental, health and safety aspects, plans and procedures for both the (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program, financed by the Inter-American Development Bank, and implemented by a dedicated Project Implementation Unit (PIU) within the MOPW. The position will be based in the PIU. . The main activities are as follows: • Oversee the development and implementation the necessary plans and procedures, for design and construction activities undertaken in the Program, based on the proposed Environmental and Social Management Framework set out in the Environmental and Social Analysis Report • Liaise with government authorities, the IDB, project architects and developers to determine if additional environmental and social assessment is required for infrastructure projects in the programs • Coordinate and review subsequent environmental and social assessments required and/or Enviroment and Social Management Plans (ESMPs) produced, to ensure compliance with international best practice. Liaise with government authorities, project architects and developers to ensure that environmental, health and safety requirements are integrated into final designs • Revise the ESMPs developed by contractors to ensure compliance with national laws and IDB’s policies • Supervise environmental, health and safety processes ensuring compliance with local and national legislation, best international practice, and contractual commitments with the IDB//Supervise the implementation of the contractors’ ESMPs • Identify and track appropriate environment, health, and safety Key Performance Indicators • Maintain records and prepare various environmental, health and safety reports. Conduct periodic audits, to pinpoint unsafe working conditions, behaviors, and practices. Conduct and/or coordinate environmental monitoring quality tests periodically at site and analyze data • Production of monthly progress reports and final report, at the end of the project Summary of experience and qualifications: • Degree in Environmental Science, Engineering and/or Health and Safety discipline • Minimum five (5) years of Environment, Health, and Safety experience in the construction field; • Demonstrated success at developing and implementing HSE Management Systems • Detailed knowledge of relevant national legislation as well as HSE international standards • Experience with safety hazard recognition, behavioral-based safety, job hazard analysis, process hazards analysis and environmental site assessment based on international standards The Government of The Commonwealth of The Bahamas now invites eligible consultants to indicate their interest in providing environment, health, and safety services. Interested consultants should provide their CV’s and information demonstrating that they are qualified to perform the services (description of similar assignments, experience in similar conditions). The duration of the contract is two (2) year full-time with the possibility of being renewed based on satisfactory performance evaluation. Consultants will be selected in accordance with the procedures set out in the Inter-American Development Bank: Policies for the Selection and Contracting of Consultants Financed by the Inter-American Development Bank GN-2350-9 and is open to all eligible bidders as defined in the policies. Interested consultants may obtain further clarification on the technical aspects or scope of services from Robert Mouzas, Deputy Director, Ministry of Public Works robertmouzas@bahamas.gov.bs tel: (242) 302-9530 during office hours between 09:00am to 5:00pm Monday – Friday, except on public holidays. Expressions of Interest inclusive of CV’s must be submitted to the address below in person, by e-mail idbfiairports@bahamas.gov.bs or idbcoastal@bahamas.gov.bs or by mail, on or before October 19, 2018 at 4pm. Antoinette Thompson –Permanent Secretary Acting Ministry of Public Works REF:- Climate Resilient Coastal Management and Infrastructure Program /Airport Infrastructure Program P.O. Box N 8156.Nassau, Bahamas

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PAGE 4, Thursday, October 11, 2018

THE TRIBUNE

BNT: $10m costs make Albany-type deals imperative FROM PAGE ONE

biology camps and retreats for Bahamian students. Mr Carey said the deal will provide the sustainable financing required for the BNT to properly manage and safeguard the Exuma Park, benefiting both Bahamians and visitors, while covering an annual $300,000 “and growing” operating deficit. He admitted, though, that the Albany joint venture had “optics issues”, with the trust already receiving a backlash from persons fearing it was “giving the park away” to the developer and permitting an exclusive destination for its guests that will bar Bahamians from entry. Refuting these claims, Mr Carey told Tribune Business that “no lease or exchange of land” was involved in the Albany deal. He added that the Exuma Park’s administrator had “the final say” on everything that takes place, and has to approve all the developer’s plans, while also denying that the latter’s guests would enjoy any “exclusivity”. Emphasising that it had retained full control, the BNT executive director said all tours and excursions on Warderick Wells Cay will be provided by members of the local community, with Albany’s “concession” enjoying a “small and light footprint”. Mr Carey said “simple economics” had forced the BNT to seek private investor support, with its current income - including an annual $1.5m grant from the Government - more than 50 percent below the financing required to properly manage and protect all The Bahamas’ national parks. With the Government “making it clear” that the necessary funding will not be coming from the cashstrapped Public Treasury,

he added that the trust had sought to adopt the “concession” model employed by US and Canadian national parks. “The cost estimates we’ve done show that to manage the national parks we currently have, 32, will probably cost us $10m per annum if we bring them all on stream,” Mr Carey told Tribune Business. “That includes $25m in capital investment in visitor centres, board walks. When we spoke to members of the Government, current and former administrations, they encouraged us to look at the private sector to see if there was any interest in operating certain concessions, including potential visitor centres, offering some tours and providing the infrastructure to do that. “The Government made it very clear that they would not provide the $25m. They don’t have it in the current budget, and will not have it in the future.” The BNT yesterday said it currently incurs a $300,000 annual deficit between the Exuma Park’s annual income and $750,000 operating costs, making it difficult to find the “several million dollars” required in the near future to maintain and upgrade its facilities. The BNT’s accounts show it received $1.5m and $1.4m grants from the Government in 2017 and 2016, respectively, without which it would have made a substantial operating loss for both years. Its endowment fund, the Heritage Fund, did possess some $4.319m in assets at end2017 through investments

in government bonds and Templeton Global mutual funds. The Government’s $1.5m grant accounted for 35 percent of the National Trust’s $4.282m income in the year to end-December 2017, which saw it incur a net operating loss of $101,162. This followed a similar $117,976 net operating loss for 2016, although these figures do not include dividends and the performance of the Heritage Fund. Mr Carey conceded, though, that the BNT is already having to work hard to ensure its agreement with Albany is not “misconstrued” as giving away the Exuma Cays Land and Sea Park to a foreign developer for “exclusive” use by its high-end homeowners, guests and clients. Albany’s principal investor is the Tavistock Group, the vehicle through which Lyford Cay billionaire, Joe Lewis, makes his worldwide investments. Tavistock’s partners in Albany and its parent, Nexus Luxury Collection, include worldrenowned golfers, Tiger Woods and Ernie Els, plus singer Justin Timberlake. “The interesting thing for us is there’s absolutely going to be no lease, no exchange of the land,” he told Tribune Business. “They [Albany] have no control over the land. The park administrator has the final say on what happens; they approve everything. There’s no exchange of land; permanent or temporary. “The other thing is there’s no exclusivity. A lot of the comments I got today were: You’ve given the Park away to Albany’s guests.

It’s a restaurant. You can access the restaurant, can go online and purchase, and not be charged beyond the food and drink. “There’s going to be a beach club, with fees for showers and towels, but there’s no exclusivity. It will still be full, open access. We made it very clear to Albany what we could provide: An incredible experience for your guests in the national park, but they are going to interact with our staff, other guests and not have an exclusive experience,” Mr Carey continued. “There’s no exclusive beach club. It was made clear this was an untenable element to consider in this case when they came to us. If you’re coming to a national park this is what we offer. This is a public space.” However, Sam Duncombe, the environmental activist and reEarth president, told Tribune Business that she was “more than a little concerned” by the BNT’s approach to, and structuring of, its PPP arrangements with Albany and other private investors. As a national non-profit organisation, which receives a significant portion of its funding from Bahamian taxpayers, Mrs Duncombe argued that there should have been greater transparency with the Albany joint venture made available for public comment and feedback before it was signed. “It does not sit well with me at all. They do concern me,” she added of the trust’s PPPs. “I really do believe the process should have been open to the public. Who are the others? What have they done? “I get that money is money, and the organisation needs money to function, but surely there are ways to trim the budget and look for partners.” Mr Carey, meanwhile, said Albany viewed its Warderick Wells Cay investment as an off-island

beach break/getaway destination for residents and clients, rather than a major profit driver. The developer and BNT have entered into a land use agreement covering the guest facilities. “From the numbers I’ve seen Albany will not make a lot of money from this,” he revealed. “This is an amenity for guests, buyers of property, to say they took a day away. I don’t see this as a money maker for their guests... “We were very careful in negotiating the agreement so it was clear to Albany that they will not get an advantage no one else is going to get, and we are not going to disadvantage any member of the public by this agreement. “We will do all the tours. We will engage the local community to create tours. This will allow us to get local people to imagine and run tours that charge Albany’s guests and our guests.” The Exuma Cays Land and Sea Park, which covers 176 square miles, is the first “no take” protected area of its kind in the world. It is one of 32 Bahamian national parks that cover more than two million acres of land and sea in this country. Mr Carey explained that national park “concessions” in the US and Canada typically involved the right to provide certain services, such as hotels, lodges and restaurants, with each one granted on its “case-bycase” merits. As the BNT’s PPP model evolved, he said the organisation was keen to speak to Bahamian developers of bonefish lodges and other eco-tourism facilities. “We’d love to get some of the Andros fly fishermen to put together a proposal for day camps to take guests from New Providence,” Mr Carey said. “It’s an open book as far as the possibilities. We don’t have any locked down, but are in discussions

with several companies.” These include Ultimate Tours Bahamas, an ecotourism venture, and Papa Surf, a provider of kayaking and other eco-based adventures. Janet Johnson, the BNT’s president, said in a statement: “BNT is excited to announce this first major commercial collaboration in a national park. Our national parks are entrusted to the BNT to protect natural resources, and to ensure public access to these incredible places. “BNT has been careful in the negotiations and will not compromise the responsibility entrusted to us to protect the environment of our national parks. Our partnership with Nexus in no way changes the use and enjoyment of Warderick Wells and the Exuma Park for both Bahamians and international visitors. The partnership will allow us to enhance the visitor experience while providing valuable financing support.” Christopher Anand, Albany/Nexus’s managing partner, said: “Nexus feels privileged to partner with the BNT on this exciting venture at Warderick Wells in the Exuma Park, the first no-take land and sea park in the world, and an area of incredible natural beauty. “Our goal is to provide much needed capital to the BNT and this magnificent Exuma Park area, while enhancing the experience for all guests that visit Warderick Wells.” Mr Carey added: “The park already generates fees from moorings, anchorages and tour operators, but has the potential to do so much more. We need become more creative about identifying ways in which both the BNT and private sector can work together to derive not only social and ecological benefits, but also economic benefits from protected areas.”

REQUEST FOR EXPRESSIONS OF INTEREST

INDIVIDUAL CONSULTANT

Dependable, Highly Organized, Multi-Tasker, Attention To Detail. If you possess these qualities, we invite you to apply for the position of:

CUSTOMER SERVICE REPRESENTATIVE (TELLER) Job Summary Fidelity Bank (Bahamas) Limited, is seeking proficient, service-oriented Customer Service Representatives (Tellers) to join our team. This position requires a great attitude, professional out-going personality, with a high degree of precision and competence in performing non-credit banking services to our customers.

Main Duties and Responsibilities: • • • • • •

Ability to execute and process all non-credit banking transactions for customers of the bank. Responsible for custody of cash to facilitate deposits, withdrawals and loan/credit card payments. Posting of transactions and fees. Scanning of all transaction records (electronic record keeping). Ability to refer Financial Centre products and services as per sales targets. Greets and refers Customers to the appropriate Business Development Officer, Loan Officer or Customer Service Associate. • Knowledge of Anti-Money Laundering Guidelines, KYC and Account Opening requirements. • Ensures custody/security requirements regarding Cash, Stamps, Combinations & Passwords are strictly adhered to. • Ability to perform other administrative and clerical duties as required (Sundry Duties including scanning of documents and Telephone Banking).

Requirements/Qualifications: • • • • • •

PLEASE SUBMIT BEFORE October 12th, 2018 to:

HUMAN RESOURCES Re: Customer Service Representative 51 Frederick Street P.O. Box N-4853 | Nassau | F: 328.1108 careers@fidelitybahamas.com

Institution: Inter-American Development Bank Country: The Commonwealth of The Bahamas Projects: (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program Project Number: (1) BH-L1043 and (2) BH-L1041 Loan Number: (1) 4363/OC-BH and (2) 3907/OC-BH Sector: (1) Environment and Natural Disasters and (2) Transport Deadline: October 19, 2018 The Ministry of Public Works (MOPW) is seeking an experienced Program Coordinator to lead the implementation, and oversight for both the (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program, financed by the Inter-American Development Bank, and implemented by a dedicated Project Implementation Unit (PIU) within the MOPW. The position will be based in the PIU. . The main activities are as follows: • • • • • • • • • • • • • •

High school diploma or equivalent vocational training A minimum of 2 years’ experience in the Financial Services Industry, Hospitality Industry or as a Cashier Excellent communication skills (verbal and written) Proficient at Microsoft Office Suite programs Ability to work in a self-motivated environment with little supervision Ability to manage the administration of multiple tasks simultaneously

•

• • •

ABSOLUTELY NO PHONE CALLS

A competitive compensation package will be commensurate with relevant experience and qualification. Fidelity appreciates your interest, however, only those applicants short listed will be contacted.

Project Coordinator for (1) The Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program

Ensures PIU compliance with IDB/GOBH Loan Contract in project execution Supervise and evaluate PIU staff Develop project proposals, requirements, documentation and presentations as requested Lead project review exercises designed to adjust, organize and streamline project procedures/schedules/plans. Manage and control project implementation according to the project plans Facilitate project staff in the definition of project tasks and resource requirements Ensure effective coordination between, and reporting from, procurement, financial, and project staff Lead and direct special Program Steering Committees developed to expedite project implementation Participate in regular project evaluation and review meetings to identify current and future bottlenecks/challenges/risks Ensure timely processing of projects through the governmental tenders’ committees and other relevant agencies, according to established procedures Ensure that disbursement projections are accurately updated in line with Annual Operating Plan (AOP) timelines Proactively manage and communicate changes in project scope, schedule and budget Participate in IDB Missions, meetings with the PIU, IDB and other managerial or technical activities of the PIU as deemed necessary and reasonable Conduct project post mortems and create a recommendations report to identify successful and unsuccessful project elements with recommendations Liaise with external auditors as appropriate/Lead the engagement with the external auditors of the Program Summary of experience and qualifications: Advanced university degree in Civil or Structural Engineering or other relevant technical area Minimum five (5) years of professional experience at national and international levels in the relevant field of civil engineering, especially in preparation of construction technical documentation Experience in working in complex environments and large infrastructure and/or civil works

The Government of The Commonwealth of The Bahamas now invites eligible consultants to indicate their interest in providing project management services. Interested consultants should provide their CV’s and information demonstrating that they are qualified to perform the services (description of similar assignments, experience in similar conditions). The duration of the contract is two (2) year full-time with the possibility of being renewed based on satisfactory performance evaluation. Consultants will be selected in accordance with the procedures set out in the Inter-American Development Bank: Policies for the Selection and Contracting of Consultants Financed by the Inter-American Development Bank GN-2350-9 and is open to all eligible bidders as defined in the policies. Interested consultants may obtain further clarification on the technical aspects or scope of services from Robert Mouzas, Deputy Director, Ministry of Public Works robertmouzas@bahamas.gov.bs tel: (242) 302-9530 during office hours between 09:00am to 5:00pm Monday – Friday, except on public holidays. Expressions of Interest inclusive of CV’s must be submitted to the address below in person, by e-mail idbfiairports@bahamas.gov.bs or idbcoastal@bahamas.gov.bs or by mail, on or before October 19, 2018 at 4pm. Antoinette Thompson –Permanent Secretary Acting Ministry of Public Works REF:- Climate Resilient Coastal Management and Infrastructure Program /Airport Infrastructure Program P.O. Box N 8156,Nassau, Bahamas

THE TRIBUNE

Thursday, October 11, 2018, PAGE 5

BAMSI ‘SAVING GRACE’ FOR LOCAL AGRICULTURE THE Bahamas Agriculture and Marine Science Institute (BAMSI) and related agencies have been hailed by its chief executive as the “saving grace” for the agriculture sector. Alaasis Braynen, who is also BAMSI’s general manager, said: “The Bahamas government’s financial intervention to BAMSI and other such agencies is crucial to realising the positive expansion of the industry, as seen in a number of critical protocols: An increase in qualified technicians and industry experts; increased engagement in local research and technological

advancements; greater access for farmers to the findings; and improved support to local producers through training, seminars, etc. “Without such intervention and financial support by the Government, and with all things remaining status quo, there will be no stopping the ultimate and total collapse of the industry. This will increase the overall risk to the economy of The Bahamas due to the lack of diversification.” With the Bahamian agriculture industry desperately needing to build capacity, future growth projections show that an

increase in trained personnel, wider access to improved research and cutting-edge technology advances are key to transforming the sector. Mr Braynen’s comments came in response to media reports that the Inter-American Development Bank (IDB) is suggesting the Government reduce its fiscal ties to both the industry and agencies designed to support it. He said BAMSI, in particular, has produced qualified graduates who are now actively involved in the agriculture sector. Some are producers – farmers, extension officers - while others are involved

in production and sales. BAMSI’s research/ tutorial farm focuses on producing fruits/vegetables throughout the year, and introducing varieties best suited for this climate to increase crop yields and financial returns for Bahamian farmers. Mr Braynen said the Institute is now present throughout The Bahamas, with offices in Eleuthera, South Andros, Mayaguana, Long Island and Exuma. “To suggest the private sector would willingly get involved in increasing the number of technically trained individuals without

a selfish financial benefit is wishful thinking. To seriously believe it will sink money into improving technology/research, which may not improve their bottom line, or that they will fund an extension service organisation of which they do not directly benefit is an ‘Alice in Wonderland’ theory,” Mr Braynen said. While he acknowledged that agriculture’s contribution to Bahamian gross domestic product (GDP) is relatively small, he argued that the sector was vital for economic diversification. “Pricing structures from financial giants like the United States or

neighbouring countries, which are totally agrarian, creates unrealistic market prices in The Bahamas,” Mr Braynen said. “Once the foundational support is in place, and economies of scale begin to take hold, not just more favourable pricing adjustments will be made but the benefits and access to healthier foods will broaden. “Obesity, diabetes, high blood pressure and other non-communicable diseases are directly killing this nation because of the food we eat. We presently know not what our bodies consume, and where there is an unknown there lies the risk.”

Minister: FNM ‘better managers of economy’ FROM PAGE ONE are much more focused on the rudiments of running the economy. “Every government upsets everybody about something, but when you step back and assess the management of the economy we’re the ones talking about Fiscal Responsibility legislation,” the Minister continued. “At least it gives you confidence that we are not going back to where we were prior to the general election, when people were feeling there was so much irresponsible spending going on that they were afraid the economy was going into a tailspin and the possibility of suffering a devaluation was getting higher.” Mr D’Aguilar’s comments are likely to reignite the “war of words” between the two major political parties over who has been the better steward of the Bahamian economy and government finances, with both sides able to seize on the other’s failures. The Christie administration added $2.2bn to the national debt despite enjoying the benefit of more than $1bn in new VAT revenues during its final two-anda-half years in office, following the $1.5bn created by the last Ingraham administration. While the Minnis administration has focused on improving government accountability and transparency, and eliminating the Government’s $300m-plus annual deficits with a combination of tax increases and legislative measures, critics can also point to mishaps such as the $5.5bn Oban Energies Heads of

P. O. Box N-395. Dowdeswell Street Nassau, Bahamas Tel.: (242) 325-2213 (242) 325-1952 (242) 352-3208 Fax: (242) 325-4993

Agreement “signing”. Mr D’Aguilar, though, pointed to the Fiscal Responsibility Bill recently passed by the House of Assembly as evidence of the Government’s commitment to place the public finances on a more sustainable path - a move that will foster private sector confidence and room for its future growth. “With the introduction of Fiscal Responsibility legislation, the real focus on controlling spending, people feel the public finances are being better managed, and we are in a better place than we were,” the Minister told Tribune Business. “Confidence is growing steadily in the economy, and where Bahamian purses were shut and they were not interested in investing in the domestic economy, people are feeling a bit more confident that the country is in a better place financially. They are more minded to invest in the economy.” Mr D’Aguilar said this was helping to counter the negative fall-out from the budget’s VAT rate increase to 12 percent, and the subsequent impact on disposable income and consumer spending. “The increase in VAT is probably having some drag, but it’s being overcome by the US economy and confidence of Bahamians in their own economy,” he told Tribune Business. “In my unscientific poll of bigger businesses, they are saying, yes, business is good. The confidence level is growing. That’s the main thing. A lot of what is driving the economy is confidence. “The confidence among local business people is we’re in a better place, feel more confident investing in my

P. O. Box F-42084 5 Queens Highway Freeport, Grand Bahama Tel.: (242) 352-6282 (242) 352-3208 Fax: (242) 352-6271 Email:rentokil@rentokil-initial-bahamas.com Website: www.rentokil-initial-bahamas.com

Job Opportunity

A vacancy exists in the Company for the position of Accounts Assistant. The incumbent will achieve Company objectives by: • Preparing bank reconciliations for assigned bank accounts; • Assist with Accounts Payables and Receivables reconciliations for vendors and customers; • Preparing journal entries for accounting adjustments and banking transactions (e.g. transfer between bank account, bank charges and returned checks); • Entering cash receipts postings in journals for proper allocations within the general ledger; • Assist with update cheque logs Job requirements include but not limited to: • Completion of an Associate of Arts Degree in Accounting/Finance or equivalent qualifications; • A minimum of 1-2 years of experience; • Thorough working knowledge of reconciliations • Detailed analyses and research skills relevant to accounting entries affecting all bank accounts for reconciliation purposes; • Accounting and arithmetic skills to reconcile bank accounts and ensure the accuracy of transfers, charges and other adjustments; • Written and verbal communication skills to interact effectively with staff and the public (e.g. banks, vendors, auditors); • Computer skills and the use of related software (e.g. AccPac) and computerized spreadsheet tools to prepare reconciliation and bank transfer schedules; Interested person should apply to hr.bah@rentokil-initial.com on or before October 12th, 2018: Only candidates meeting the criteria will be contacted.

economy, and do not have to worry about the Government continuing on this path of irresponsible spending.” Business executives on Tuesday said they were “pleasantly surprised” that the IMF did not cut its 2018 and 2019 growth forecasts for The Bahamas by more, given the VAT rate increase and impact of global economic developments such as the US-China trade war. The Fund cut its economic expansion prediction for this year from 2.5 percent to 2.3 percent, while reducing its 2019 estimate by just 0.1 percent - from 2.2 percent to a revised 2.1 percent. With the revised national accounts data suggesting The Bahamas has a $10$11bn economy, the IMF’s estimates effectively slash economic growth by $20$22m this year and $10-$11m for 2019. This, though, does not alter the Fund’s prediction that this country will enjoy the most rapid GDP expansion it has seen for a decade over these two years. Mr D’Aguilar said the IMF and credit rating agencies had seen the Government was “now making good faith efforts to balance the books and get the Government finances under control”. He conceded, though,

that the Government still had to address structural obstacles and bottlenecks that were “a major drag on the economy”, such as the persistently high level of non-performing loans in

the Bahamian commercial banking system. “We’re by no means out of the woods, but at least we’re heading in the right direction,” Mr D’Aguilar told Tribune Business. He

added that The Bahamas’ economy was demonstrating “a certain amount of resilience, a certain amount of strength” because it was feeding off US growth and low unemployment.

PAGE 6, Thursday, October 11, 2018

THE TRIBUNE

NAD’s $125m debt refinance a ‘win-win’ FROM PAGE ONE established performance track record, and increased passenger traffic as a result of Baha Mar, combined with The Bahamas’ low bank deposit rate/high liquidity environment, were key factors influencing the decision to explore a refinancing that could cut the annual “participating debt” interest bill

by around 50 percent. “I charged the board of NAD with looking at a less expensive model,” Mr D’Aguilar revealed. “When NAD was created in the first decade of this century, around 2007-2008, and raised capital it was obviously in a very difficult financial period and this was what you had to do to get capital. “Now, we’re in a better period, and we have some

statistics to pull on to show NAD is self-sustaining, numbers are growing at the airport and it’s a going concern. There are risks associated with companies that are not a going concern. We felt we should refinance, and refinance as much of it as possible in Bahamian dollars. “It’s the gateway to the country,” Mr D’Aguilar continued. “Therefore, if

To advertise in The Tribune, contact 502-2394

you have money sitting in the bank at 1 percent or less, we could refinance this 13-15 percent debt at seven to eight percent. It will be a win-win for everybody. “NAD would get a lower rate of interest and it would provide an investment opportunity for Bahamians in one of the major gateways in the country. I think it’s a win-win for everybody. This would be the ideal time to do the refinancing.” The minister suggested that the refinancing could cut NAD’s “participating debt” servicing costs from around $18.75m per year to between $9.375m-$10m, producing an interest bill savings of around 50 percent. He added that around 40-50 percent of this debt tranche is currently held by the National Insurance Board (NIB). NAD’s debt, which was taken on to finance LPIA’s $409.5m redevelopment, is split into several layers or tranches. The “participating debt”, which accounts for around 25 percent of NAD’s

total $500m-plus debt, is understood to be the second layer, meaning its holders would rank behind those owning its senior secured debt in any creditors queue. Mr D’Aguilar said the Minnis Cabinet had given NAD approval to “actively explore” the refinancing, which he hoped to “roll out very shortly”. While declining to give a precise timeframe for its launch, given that investment bankers were still assessing capital markets appetite, he hinted that a date before 2018 year-end was being targeted. “Cabinet has given the green light to explore it and roll it out if it makes sense. The investment bankers are looking at it, and how best to structure it, and if there’s an opportunity for it,” Mr D’Aguilar said. “Between seven to eight percent is an attractive rate for those sitting with money in the bank. I would invest in it because I’m getting very little interest in the bank, and we want to

make it available to as many Bahamians as possible. “It’s presently all US dollars, and the objective is to convert as much as possible to Bahamian dollars to provide investment opportunities for Bahamians and so it’s not a drain on the foreign reserves.” The minister admitted that “naysayers” will argue the minimum $50,000 investment threshold places the NAD refinancing out of reach of Bahamian retail investors, but he said many could qualify through accounts they have with broker/dealers and as pension fund beneficiaries. NAD’s total interest bill is currently a hefty $42.305m, which has played a large part in the financial losses sustained in the years since its creation. The airport operator incurred a $14.153m net loss for the year to end-June 2017, and a $56.5m total deficit, but said this is “not a significant concern” as it continues to meet all payments on its $500mplus debt.

REQUEST FOR EXPRESSIONS OF INTEREST

INDIVIDUAL CONSULTANT

Social And Communication Specialist for (1) The Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program

Institution: Inter-American Development Bank Country: The Commonwealth of The Bahamas Projects: (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program Project Number: (1) BH-L1043 and (2) BH-L1041 Loan Number: (1) 4363/OC-BH and (2) 3907/OC-BH Sector: (1) Environment and Natural Disasters and (2) Transport Deadline: October 19, 2018

The Ministry of Public Works (MOPW) is seeking an experienced Social and Communications Officer or Consultant to lead the design, implementation and oversight of a Community Engagement Program for both the (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program, financed by the Inter-American Development Bank, and implemented by a dedicated Project Implementation Unit (PIU) within the MOPW. The position will be based in the PIU. . The main activities are as follows: Develop the Program’s Community Engagement and Consultation Plan. Design and maintain a grievance redress mechanism to receive, record and resolve complaints that the community may have about the Program. Communicate program information to a diverse set of community actors. • Develop and maintain relationships with community groups and the general public. • Prepare reports on the results of social aspects of the Program to the IDB. Apply knowledge of specific innovations in community relations planning. • Develop and write community updates and briefs. Organize, facilitate, and moderate participatory events in the context of the program. Support the elaboration of TOR’s and bidding documents for the Program to ensure the integration of social and gender considerations. • Produce monthly progress reports, according to the requirements of the PIU and the IDB. • Prepare, update and manage the annual communications plan/coordinate and assist PIU staff/Ministry personnel with communications/Develop monthly communications reports. • Coordinate and edit communications material, including alerts, press-releases, pitches, talking points, key messages and press kits. Collaborate with the PIU internal and external stakeholders to develop and execute strategies for education and engagement. • Develop media relationships with local and national media on behalf of the PIU. Monitor media in relation to the PIU’s work. Collaborate with partner ministries' social media teams to provide content; • Ensure consistent messaging and themes for partner ministry spokespeople and the PIU, especially during public speaking engagements. •

• • • •

Summary of experience and qualifications: Bachelor in Social Sciences (Communications, Public Affairs, Anthropology, Sociology and/or any other related social sciences); Minimum of five (5) years’ experience in a related communications, marketing or journalist role; Experience in leading corporate communication initiatives Demonstrable experience of representing an organization in public or/and media relations

The Government of The Commonwealth of The Bahamas now invites eligible consultants to indicate their interest in providings social and communication services. Interested consultants should provide their CV’s and information demonstrating that they are qualified to perform the services (description of similar assignments, experience in similar conditions). The duration of the contract is two (2) year full-time with the possibility of being renewed based on satisfactory performance evaluation. Consultants will be selected in accordance with the procedures set out in the Inter-American Development Bank: Policies for the Selection and Contracting of Consultants Financed by the Inter-American Development Bank GN-2350-9 and is open to all eligible bidders as defined in the policies. Interested consultants may obtain further clarification on the technical aspects or scope of services from Robert Mouzas, Deputy Director, Ministry of Public Works robertmouzas@bahamas.gov.bs tel: (242) 302-9530 during office hours between 09:00am to 5:00pm Monday – Friday, except on public holidays. Expressions of Interest inclusive of CV’s must be submitted to the address below in person, by e-mail idbfiairports@bahamas.gov.bs or idbcoastal@bahamas.gov.bs or by mail, on or before October 19, 2018 at 4pm. Antoinette Thompson –Permanent Secretary Acting Ministry of Public Works REF:- Climate Resilient Coastal Management and Infrastructure Program /Airport Infrastructure Program P.O. Box N 8156, Nassau, Bahamas

PUBLIC NOTICE To: Mr. Peter Nygard Simms Point aka Nygard Cay Lyford Cay Nassau, New Providence The Bahamas TAKE NOTICE that:1. By the Amended Originating Summons filed on 12th September, 2018 in Supreme Court Action No. 1027 of 2018 by the Coalition to Protect Clifton Bay (“the Coalition”) against you, PETER NYGARD, the Coalition seeks an order for inter alia the sale of your property, known as Nygard Cay. 2. AND TAKE NOTICE that the Coalition has attempted to personally serve you, PETER NYGARD, with the following documents without success, the: a. Originating Summons filed on 6th September, 2018; b. Amended Originating Summons filed on 12th September, 2018 Ruling 30; and c. Affidavit of Akeira Martin filed on 6th September, 2018 (jointly “the Documents”). 3. AND TAKE FURTHER NOTICE THAT by Ex-Parte Order filed on 24th September, 2018 (“the Substituted Service Order”), it has been ordered that service of the Documents is to be effected on you by, inter alia, this Advertisement. 4. A copy of the Documents together with the Substituted Service Order may be obtained from the Supreme Court Registry, Ground Floor, British American Building, Nassau, New Providence, The Bahamas OR from the Attorneys for the Coalition at their address below mentioned OR at their Nassau Office situate at One Millar’s Court, Nassau, New Providence, The Bahamas. DATED this 11th day of October, 2018

Callenders & Co. Chambers - Island House The Mall Drive Freeport, Grand Bahama The Bahamas Attorneys-at-Law for the Coalition

THE TRIBUNE

Thursday, October 11, 2018, PAGE 7

Checkers to create 40 South Korea considers lifting jobs with fifth location some sanctions on North Korea FROM PAGE ONE

Checkers currently has locations at Mackey Street, Robinson Road, Fox Hill and Carmichael Road. “Keeping up is not an easy job in The Bahamas when your competition has deep pockets,” said Mr Cartwright. “The market has changed, and a lot of competition has come along. We started in 1989, and a lot of the fast food giants weren’t here. It’s amazing that we’re still in the game. I think we made some great choices with location, and I hope this new location works out as well. The main thing is being consistent. It takes a lot of hard work and discipline.” Mr Cartwright said each restaurant typically employees between 30-40 persons, with 150 total staff currently working at the restaurant chain. “This new location is going to be a futuristic concept. It’s going to have walk-up windows and drivethrough service; an indoor/ outdoor concept,” he added. “We didn’t want to keep going into the big dining room service. We want to keep up with the trends. When we closed the deal on the property I was excited, and that doesn’t usually happen. It’s very difficult to get a spot with all of the places in the area and everything so jammed up. Accessibility was key. “Hopefully we will be finished by Easter of 2019, and we will have a grand opening around the middle of year. That’s the target. We want to finish the building and have a month or two to get settled.” Mr Cartwright underscored the importance of businesses adapting to the times, and taking note of consumer trends. He said: “You have to repackage your programme. My daughter came on with the business in 2003, and she has been a tremendous asset. It’s her ideas and encouragement to change and modernise that has helped to propel us forward.

“When she suggested that we have Wi-Fi in the restaurants, I said go ahead. When we renovated, we made spaces for our customers to charge their phones and laptops. This is a modern world and everyone is doing so many things on their lunch break that you have to be accommodating to the customers. When you’re in business you can’t be afraid of change; I’m not afraid of change. You’re not changing your product; just the way you package it.” Mr Cartwright described his latest venture as an “expensive undertaking”. He added: “The property alone exceeds $1m. The entire development is going to be about $3-$4m. If you want to make money you have to spend money. Construction is expensive and outfitting a restaurant, particularly the way we want to, is also expensive.

SEOUL, SOUTH KOREA Associated Press SOUTH Korea is considering lifting some of its unilateral sanctions against North Korea to create more momentum for diplomacy aimed at improving relations and defusing the nuclear crisis, the South’s foreign minister said yesterday. During a parliamentary audit of her ministry, Kang Kyung-wha said the government is reviewing whether to lift sanctions South Korea imposed on the North in 2010 following a deadly attack on a warship that killed 45 South Korean sailors. Following an angry reaction from conservative opposition lawmakers, Kang’s ministry later tried to downplay her comments, saying in a statement that the

government has yet to start a “full-fledged” review on sanctions, meaning no decision was imminent. When asked about Kang’s comments, US President Donald Trump said South Korea could only lift its sanctions on North Korea with his say-so. His blunt retort implied friction between the allies over the pace of interKorean engagement amid concerns in Washington that

Pyongyang is lagging behind its supposed promise to denuclearise. “They won’t do that without our approval,” Trump said. “They do nothing without our approval.” South Korean President Moon Jae-in has mostly stayed firm on sanctions despite actively engaging with North Korea and floating the possibility of huge investments and joint

economic projects in return for the North’s relinquishment of its nuclear weapons. A move by South Korea to lift some of its sanctions would have little immediate effect since US-led international sanctions remain in place. But it’s clear Seoul is preparing to restart joint economic projects if the larger nuclear negotiations between the United States and North Korea begin yielding results.

Employment Opportunity Lyford Cay International School (LCIS) is recruiting highly qualified and reflective educators with vision, creativity and passion to help students discover and fulfil their potential in the following area: • Paraprofessional Educator Successful candidates will have:

• Associate’s Degree • Five or more years experience working with children and adults in a school setting • Experience with special needs students • Working knowledge of software such as Google Apps and Microsoft Office & other classroom equipment • Experience as a swim instructor • Appropriate and quality use in writing and speaking English • Experience using a multi-cultural approach to promote learning • CPR Training is provided and required

To apply, please send a résumé and cover letter explaining why you are a match for LCIS to jobs@lcis.bs by 18 October 2018. To learn more about our school and the position above, please visit www.lcis.bs

REQUEST FOR EXPRESSIONS OF INTEREST

INDIVIDUAL CONSULTANT

Procurement Officer for (1) The Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program

Institution: Inter-American Development Bank Country: The Commonwealth of The Bahamas Projects: (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program Project Number: (1) BH-L1043 and (2) BH-L1041 Loan Number: (1) 4363/OC-BH and (2) 3907/OC-BH Sector: (1) Environment and Natural Disasters and (2) Transport Deadline: October 19, 2018 The Ministry of Public Works (MOPW) is seeking an experienced Procurement Officer or Consultant to ensure smooth and quality implementation of procurement processes for both the (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program, financed by the Inter-American Development Bank, and implemented by a dedicated Project Implementation Unit (PIU) within the MOPW. The position will be based in the PIU. . The main activities are as follows: • • • • • • •

• •

•

responsible for all project related procurement/bidding services related to the Programs components, and will facilitate the implementation of planned activities in a timely manner. Prepare and maintain updated Procurement Plans and Monitoring Plans for the Program Provide day-to-day active technical support and advice to the PIU/Program Coordinator Negotiate with consulting firms or individuals the procurement of goods, services and works necessary for the implementation of activities under each of the project components Prepare reports and report on project procurement matters to the PIU/Program Coordinator Understand and ensure application of IDB procurement policies and procedures Support the PIU/Program Coordinator in the preparation of key documents as per Monitoring &Evaluation Plan for the PIU, including comparison between planned and actual progress in physical and financial terms and identification of procurement delays and recommendations for actions Monitor progress of contracts implementation to ensure that it aligns with the stipulated standards, procedures and procurement timetable Prepare specific procurement documents, e.g. Tender Documents, Requests for Quotations, Requests for Expressions of Interests and Request for Proposals for new activities as required. Preparation of Evaluation of Tender reports Guide and participate in the evaluation for pre-qualification of the contractors, expressions of interest for short listing, tenders and proposals and in preparing the corresponding reports

Summary of experience and qualifications: • Bachelor’s degree in procurement, business administration or other related areas • At least three (5) years of work experience in procurement of goods and services, particularly in civil works • Knowledge on national rules and legislations in the field of procurement and civil construction/engineering • Knowledge and/or experience in Ministry and IDB procurement policies and procedures, or other standards set forth for a procurement is an advantage The Government of The Commonwealth of The Bahamas now invites eligible consultants to indicate their interest in providing procurement services. Interested consultants should provide their CV’s and information demonstrating that they are qualified to perform the services (description of similar assignments, experience in similar conditions). The duration of the contract is two (2) year full-time with the possibility of being renewed based on satisfactory performance evaluation. Consultants will be selected in accordance with the procedures set out in the Inter-American Development Bank: Policies for the Selection and Contracting of Consultants Financed by the Inter-American Development Bank GN-2350-9 and is open to all eligible bidders as defined in the policies. Interested consultants may obtain further clarification on the technical aspects or scope of services from Robert Mouzas, Deputy Director, Ministry of Public Works robertmouzas@bahamas.gov.bs tel: (242) 302-9530 during office hours between 09:00am to 5:00pm Monday – Friday, except on public holidays. Expressions of Interest inclusive of CV’s must be submitted to the address below in person, by e-mail idbfiairports@bahamas.gov.bs or idbcoastal@bahamas.gov.bs or by mail, on or before October 19, 2018 at 4pm. Antoinette Thompson –Permanent Secretary Acting Ministry of Public Works REF:- Climate Resilient Coastal Management and Infrastructure Program /Airport Infrastructure Program P.O. Box N 8156,Nassau, Bahamas

PAGE 10, Thursday, October 11, 2018

THE TRIBUNE

BOB: Renewed confidence will ‘wane’ if no plan FROM PAGE ONE bank’s senior executives for “trying to restore sanity” following a series of Government bail-outs and capital injections that todate have totalled more than $300m. “I’m delighted to hear that’s the case, although I wouldn’t buy any more shares though,” he said of BOB’s 2018 financial results. “I just question how it’s possible given what’s been going on. Hopefully they’re not making

any more loans to politically exposed persons (PEPS). “They’re trying to restore sanity, and at least they’re headed in the right direction. It’s [the return to profitability] a good sign. All I can say is I’m encouraged. They were doing their damndest to But despite BOB’s improved financial performance for the year to end-June 2018, virtually no details have been provided to its 3,000 minority shareholders on how the institution plans to maintain profitability

or develop a sustainable business model for the future. Jihanne Hosmillo-Williams, BOB’s chief financial officer, said the bank was focused on improving collections, corporate governance, operational efficiency and customer care, as well as reducing costs, as part of its turnaround plan. Yet her comments did not go beyond broad-brush statements. “Achieving optimal operating efficiencies and increased value creation for all stakeholders remain our primary emphasis,” Ms

Hosmillo-Williams said. “The bank continues on its path of rebuilding, and we are working steadfastly to a period of sustained profitability.” Mr Lightbourn yesterday said it was now critical for BOB to produce a detailed turnaround plan at its upcoming annual general meeting (AGM) to maintain the confidence of shareholders, depositors and the wider Bahamian capital markets. “They have to come up with some sort of plan they’re going to tell us,” he told Tribune Business. “Hopefully they’ll give us more detail to let us know how they intend to proceed and make things profitable on a sustainable banking basis. “They’ve got to produce something. Obviously, if they don’t the confidence they’ve generated as a result of these results will wane. There needs to be a strategy.” BOB recorded its first fullyear of profitability since 2012 during the 18 months

to end-June, generating $2.532m in total comprehensive income compared to a $46.494m loss the year before. The “red ink” in 2017 was related entirely to the $51.957m in loan loss provisions that were incurred, a figure that was cut to $7.568m for the 12 months to endJune 2018 as a result of the second Bahamas Resolve transaction that removed more toxic commercial loans from BOB’s balance sheet. Interest income, though, was down compared to 2017 at $36.791m, with the improved operating improvement driven by greater fee and commission income coupled with lower interest expense stemming from a reduced Prime and deposit rates. BOB’s balance sheet also received a further $56.7m boost from the Government in the form of Treasury Bills, which are described as “cash equivalents”. As short-term government

PUBLIC NOTICE The following Councils have been relocated to Bay & Christie Street East of Commonwealth Bank Telephone: 604-6010 Nursing Council Dental Council The Hospital & Health Care Facilities Licensing Board

debt, Treasury Bills are regarded as highly liquid and akin to cash, but BOB’s financial statements provide no explanation for where these securities have come from or the rationale for their injection. One plausible explanation is that the Treasury Bill increase, together with the 26 percent year-over-year increase in cash on hand and lodged with the Central Bank to $123.538m, relates to the redemption of the $100m in promissory notes that were used to shore up BOB’s balance sheet during the first Bahamas Resolve bail-out in October 2014. These bonds were injected into the balance sheet in exchange for the toxic commercial loans that had to be removed to save BOB from collapse. BOB’s 2018 financials confirmed that the first $100m worth of bonds were redeemed on schedule, with the last $12m payment made on May 18 and, given that the Government is strapped for cash, the Treasury Bills may have been used to effect part-payment. Still, without the Treasury Bills and remaining $167.7m in promissory notes from the second Bahamas Resolve bail-out, BOB’s financials show the bank would be insolvent with liabilities exceeding assets to leave it in a “negative net worth” position. The extent to which Bahamian taxpayers continue to remain exposed to BOB through the Government’s continued financial support is starkly illustrated by the financials, which show that the loans acquired from the bank by Bahamas Resolve are worth just 37.6 percent of the principal amount paid. The Government-owned special purpose vehicle (SPV) paid $134.5m, and another $33.7m for “accrued interest”, to obtain toxic commercial loans that BOB’s statements concede had “a total net book value of approximately $50.6m”.

REQUEST FOR EXPRESSIONS OF INTEREST

Very organized, Attentive to details, Ability to multi-task, excellent communication skills. If you possess these qualities, we invite you to apply for the position of:

ADMINISTRATIVE ASSISTANT-CUSTOMER SERVICE Job Summary: Fidelity Bank Bahamas Limited has an immediate opening for a skilled, confident, professional, Administrative Assistant for Customer Service. The successful candidate must possess a positive attitude, excellent telephone presence, superior customer service skills, excellent administrative and organizational skills along with the ability to handle multiple administrative tasks with careful attention to details.

Main Duties and Responsibilities: • Provides administrative assistance and support to the Financial Center Manager, Customer Service Officer and Business Development Officers as required. • Responsible for concierge services, customer appointments and event planning. • Ensures accurate and current filing, archiving, scanning and electronic records management. • Provides information on products and services to inquirers by telephone or visit to the branch. • Register of directives, working instructions and internal information. • Support and assistance to the Business Development Officers and Customer Service Officer as follows: • Account Opening (including Online Banking & Digital Banking) and related activities • Administration of fixed deposits and savings accounts (new, renewal and cancellation) • Administration of inactive (dormant) accounts • Customer complaints • Customer inquiries • Telephone Banking • Referral of Financial Centre products and services (as per referral targets): • Savings Accounts • Fixed Deposits • Prepaid Credit Cards / Credit Cards/ Debit Cards • Loans • Greet and refer Customers to the appropriate Business Development Officer, Loan Officer or Customer Service Associate as needed. • Serves as backup for other Administrative Assistants, Ambassador, Deposit Administration Representative, Personal Banking Assistant & Personal Banking Representative-Adm. • Preparation and completion of assigned projects and reports. • Knowledge and experience with cash handling would be advantageous.

Requirements/Qualifications: • • • • • •

High school diploma or equivalent training (College level) Minimum 2 years’ experience in the Financial Services Industry or Hospitality Industry Must have excellent communication skills (verbal and written) Proficient at Microsoft Office Suite programs to include Microsoft Word, Excel and Power Point Ability to work in a self-motivated environment with little supervision Ability to manage the administration of multiple tasks at one time

PLEASE SUBMIT BEFORE October 12th, 2018 to:

HUMAN RESOURCES Re: Administrative Assistant - Customer Service 51 Frederick Street P.O. Box N-4853 | Nassau | F: 328.1108 careers@fidelitybahamas.com

ABSOLUTELY NO PHONE CALLS

A competitive compensation package will be commensurate with relevant experience and qualification. Fidelity appreciates your interest, however, only those applicants short listed will be contacted.

INDIVIDUAL CONSULTANT

Financial Specialist for (1) The Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program Institution: Inter-American Development Bank Country: The Commonwealth of The Bahamas Projects: (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program Project Number: (1) BH-L1043 and (2) BH-L1041 Loan Number: (1) 4363/OC-BH and (2) 3907/OC-BH Sector: (1) Environment and Natural Disasters and (2) Transport Deadline: October 19, 2018

The Ministry of Public Works (MOPW) is seeking an experienced Financial Specialist for both the (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program, financed by the Inter-American Development Bank, and implemented by a dedicated Project Implementation Unit (PIU) within the MOPW. The position will be based in the PIU. . The main activities are as follows: • Ensuring that appropriate financial and accounting systems and controls are implemented so that all Program activities are executed in accordance with the applicable GoBH and the Bank’s financial and accounting requirements. • Establishing and maintaining adequate financial, accounting, and internal control systems to ensure the integrity, compliance and transparency of all transactions undertaken by the PIU. • Managing, in an effective and transparent manner, the financial resources of the Program and undertaking the corresponding fiduciary responsibilities as well as the implementation and operation of the necessary internal and external controls. • Assisting the Program Coordinator with the monitoring activities of the Program to meet the stipulated Program financial objectives, transparency and accountability requirements as they relate to the planned and actual expenditures. • Participating in the preparation of the Program Annual Operational Plan (AOP) to ensure that budget and cash flow estimates are compatible with work priorities, objectives and timelines. • Carrying out the budgeting processes of the Program, consistent with the programmatic structure agreed with the Bank. Implementing and ensuring the effective and transparent reach and operation of the internal control systems of the Program and its administration. Preparing the budget execution reports and financial statements of the Program by sources and uses of funds, and in compliance with the norms of the IDB and GoBH. • Assisting the Program Coordinator in the in the preparation of periodic financial and physical implementation reports, along with supporting documentation in accordance with the Program Operating Manual (POM) and as required by the MLNI, Ministry of Finance and the Bank. Participating in the periodic update of the POM to ensure that proper accounting, financial management and internal controls are effective and consistent with GoBH and IDB policies and procedures. The consultant must hold a post-graduate degree in Economics, Business Administration (Finance), Public Administration or Accounting. He/she must have a minimum of 5 years of relevant work experience in project-financial management of investment initiatives funded by international development institutions, preferably in The Bahamas. Previous knowledge and exposure of/to IDB’s fiduciary, procurement, financial administration and project management policies and procedures is desired. The Government of The Commonwealth of The Bahamas now invites eligible consultants to indicate their interest in providing financial specilist services. Interested consultants should provide their CV’s and information demonstrating that they are qualified to perform the services (description of similar assignments, experience in similar conditions). The duration of the contract is two (2) year part-time with the possibility of being renewed based on satisfactory performance evaluation. Consultants will be selected in accordance with the procedures set out in the Inter-American Development Bank: Policies for the Selection and Contracting of Consultants Financed by the Inter-American Development Bank GN-2350-9 and is open to all eligible bidders as defined in the policies. Interested consultants may obtain further clarification on the technical aspects or scope of services from Robert Mouzas, Deputy Director, Ministry of Public Works robertmouzas@bahamas.gov.bs tel: (242) 302-9530 during office hours between 09:00am to 5:00pm Monday – Friday, except on public holidays. Expressions of Interest inclusive of CV’s must be submitted to the address below in person, by e-mail idbfiairports@bahamas.gov.bs or idbcoastal@bahamas.gov.bs or by mail, on or before October 19, 2018 at 4pm. Antoinette Thompson – Permanent Secretary Acting Ministry of Public Works REF:- Climate Resilient Coastal Management and Infrastructure Program /Airport Infrastructure Program P.O. Box N 8156, Nassau, Bahamas

THE TRIBUNE

Thursday, October 11, 2018, PAGE 11

Canada pipeline blast risks Washington natural gas shortage PRINCE GEORGE Associated Press A PIPELINE explosion in British Columbia risks cutting off the flow of Canadian natural gas to Washington State, and companies are urging customers to conserve. The blast on Tuesday evening shut down the Enbridge natural gas pipeline about 600 miles northeast of Vancouver. Doug Stout of Fortis BC said yesterday that 85 percent of the gas his company feeds to homes and businesses is carried by the twinned pipeline that runs from northern British Columbia to the United States border south of Vancouver. “There is a potential impact on Seattle and north of Seattle,” Stout said. The damaged Enbridge pipeline connects to the Northwest Pipeline system, which feeds Puget Sound Energy in Washington State and Northwest Natural Gas in Portland.

he saw a “huge flash”, followed by a “raging fire”, that was easily visible above the tree line from several kilometers away. Chief Dominic Frederick with the Lheidli T’enneh First Nation said Enbridge contacted him shortly after the blast. “They had told me there was gas building up in the underground. For some reason or another the gas had stopped flowing and it built up and it just exploded,” Frederick said. As many as 700,000

customers in northern British Columbia, the Lower Mainland and Vancouver Island could be directly affected by a shortage, Stout said. Stout urged another 300,000 customers in the Okanagan and southeastern British Columbia, to conserve even though their natural gas comes from Alberta. Currently Fortis has reserves still in the pipeline south of Prince George, in its liquefied natural gas storage tanks in the Lower

Mainland and on Vancouver Island, and there is some gas flowing from Alberta through a pipeline in southern British Columbia, Stout said. Fortis expected to receive updates on the situation as Transportation Safety Board investigators and National Energy Board inspectors arrived to assess the damage and attempt to determine a cause. The company will update its customers as soon as it is in a position to offer something new, Stout said.

AN EXPLOSION near the community of Shelley, British Columbia. The massive pipeline explosion risks cutting off the flow of Canadian natural gas to Washington State, and companies are urging customers to conserve. Photo: Dhruv Desai/AP Washington State-based Puget Sound Energy is urging its 750,000 customers to lower their thermostats and limit hot water use at least through yesterday. No one was hurt when the fireball lit up the sky near the community of Shelley, British Columbia

and forced about 100 members of the nearby Lheidli T’enneh First Nation from their homes. Witness Terry Teegee said the blast shook the area at about 5.30pm. “We thought it might have been a train crash or a low-flying jet,” he said. Zachary Semotiuk said

REQUEST FOR EXPRESSIONS OF INTEREST

INDIVIDUAL CONSULTANT

Monitoring And Evaluation Specialist for (1) The Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program

Institution: Inter-American Development Bank Country: The Commonwealth of The Bahamas Projects: (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program Project Number: (1) BH-L1043 and (2) BH-L1041 Loan Number: (1) 4363/OC-BH and (2) 3907/OC-BH Sector: (1) Environment and Natural Disasters and (2) Transport Deadline: October 19, 2018

The Ministry of Public Works (MOPW) is seeking an experienced Monitoring and Evaluation Officer or Consultant to ensure the planning, monitoring and evaluation of both the (1) Climate Resilient Coastal Management and Infrastructure Program and (2) Airport Infrastructure Program, financed by the Inter-American Development Bank, and implemented by a dedicated Project Implementation Unit (PIU) within the MOPW. The position will be based in the PIU. . The main activities are as follows: Prepare and maintain updated Procurement Plans and Monitoring Plans for the Program Develop and maintain the overall framework for project M&E in accordance with the project document M&E plan Provide technical advice for the revision of performance indicators Ensure realistic intermediate and end-of-project targets are defined Identify sources of data, collection methods, who collects data, how often, cost of collection and who analyzes it Ensure all critical risks are identified Enhance the mechanisms to track and report on project performance Identify the core information needs of the Program Coordinator and IDB Identify the requirements for collecting baseline data where necessary, prepare terms-of-reference for and arrange the conduct of a baseline surveys as required • Oversee and execute M&E activities included in the Annual Operating Plan (AOP), with focus on results and impacts • Lead with relevant PIU staff on the preparation of all project reports in accordance with approved reporting formats and ensure their timely submission. • Prepare consolidated progress reports for project management including identification of problems, causes of potential bottlenecks in project implementation, and providing specific recommendations • Undertake visits to the field to support implementation of M&E and to identify where adaptations might be needed • Identify the need and draw up the TOR for specific project studies. Recruit, guide and supervise consultants or organizations that are contracted to implement special surveys and studies required for evaluating project effects and impacts • • • • • • • • •

Summary of experience and qualifications: • • •

Advanced university degree in Civil or Structural Engineering or other relevant technical area Minimum five (5) years of professional experience at national and international levels in the relevant field of civil engineering, especially in preparation of construction technical documentation Experience in working in complex environments and large infrastructure and/or civil works

The Government of The Commonwealth of The Bahamas now invites eligible consultants to indicate their interest in providing monitoring and evaluation services. Interested consultants should provide their CV’s and information demonstrating that they are qualified to perform the services (description of similar assignments, experience in similar conditions). The duration of the contract is two (2) year full-time with the possibility of being renewed based on satisfactory performance evaluation. Consultants will be selected in accordance with the procedures set out in the Inter-American Development Bank: Policies for the Selection and Contracting of Consultants Financed by the Inter-American Development Bank GN-2350-9 and is open to all eligible bidders as defined in the policies. Interested consultants may obtain further clarification on the technical aspects or scope of services from Robert Mouzas, Deputy Director, Ministry of Public Works robertmouzas@bahamas.gov.bs tel: (242) 302-9530 during office hours between 09:00am to 5:00pm Monday – Friday, except on public holidays. Expressions of Interest inclusive of CV’s must be submitted to the address below in person, by e-mail idbfiairports@bahamas.gov.bs or idbcoastal@bahamas.gov.bs or by mail, on or before October 19, 2018 at 4pm. Antoinette Thompson –Permanent Secretary Acting Ministry of Public Works REF:- Climate Resilient Coastal Management and Infrastructure Program /Airport Infrastructure Program P.O. Box N 8156, Nassau, Bahamas

PAGE 12, Thursday, October 11, 2018

THE TRIBUNE

SENATE DEMS LOSE HEALTH CARE VOTE, HOPE IT’S CAMPAIGN FODDER WASHINGTON Associated Press DAYS after ending a turbulent Supreme Court confirmation fight, the Senate turned back to health care — with a battle squarely aimed at coloring next month’s crucial elections for control of Congress. In a return to its characteristically more unruffled mode of work, the Senate yesterday rejected a Democratic attempt to stop

President Donald Trump from expanding access to short-term health care plans, which offer lower costs but skimpier coverage. It was clear Democrats would lose, and a real victory was never feasible since the measure would have died anyway in the Republican-run House. But by pushing ahead, Democrats made Republicans cast a health care vote that Democrats could wield in campaign ads for next month’s midterm elections, in which they hope to topple

the GOP’s 51-49 Senate majority. The vote was also aimed at refocusing people away from the Senate’s nasty battle over confirming Brett Kavanaugh to the Supreme Court, which both sides say has transformed indifferent conservative voters into motivated ones — for now. Yesterday’s vote was about showing whether Congress will “allow insurance companies to scam Americans with cut-rate health insurance,” said Senate Minority Leader

Chuck Schumer, D-NY “I wouldn’t want to be on the wrong side of that vote.” Republican Sen Cory Gardner of Colorado insisted it was actually the Democrats who had done themselves no favours with the vote. “Look, if they want to take away people’s health insurance and that’s what they’re campaigning on for the next several weeks, I think it’s a losing strategy,” said Gardner, who heads

NOTICE

NOTICE

Notice is hereby given that RONALD JOSEPH of Pine Barren Rd., off Prince Charles Drive, 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 signed statement of the facts within twenty-eight days from the 11th October, 2018 to the Minister responsible for Nationality and Citizenship, P.O.Box N7147, Nassau, The Bahamas.

Notice is hereby given that JULIE OBAS of Shirley St, P.O. Box SS19058, 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 signed statement of the facts within twenty-eight days from the 11th October, 2018 to the Minister responsible for Nationality and Citizenship, P.O.Box N7147, Nassau, The Bahamas.

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT 2000

NEMIRA INVESTMENTS LIMITED In Voluntary Liquidation

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

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act, NEMIRA INVESTMENTS LIMITED is in Dissolution.

(b) The dissolution of the said company commenced on the 05th October, 2018 when the Articles of Dissolution were submitted to and registered by the Registrar General.

The date of commencement of the dissolution was 5th October 2018.

(c) The Liquidator of the said company is Octagon Management Limited at Bahamas Financial Centre, Shirley and Charlotte Streets, Nassau, Bahamas Dated this 11th day of October, A. D. 2018

Tess Bruning LIQUIDATOR

MARKET REPORT WEDNESDAY, 10 OCTOBER 2018

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

BISX ALL SHARE INDEX: CLOSE 1,949.79 | CHG -0.21 | %CHG -0.01 | YTD -113.78 | YTD% -5.51 BISX LISTED & TRADED SECURITIES 52WK HI 4.50 20.91 7.50 4.46 1.26 0.19 3.92 9.26 6.60 5.30 12.50 2.71 1.77 8.21 6.21 13.20 7.00 4.50 13.50

52WK LOW 3.50 19.17 7.50 3.32 0.90 0.15 2.30 8.60 6.09 3.54 9.00 2.30 1.40 7.25 6.00 9.75 5.67 3.25 12.50

1050.00 1000.00 1000.00 1000.00

1000.00 1000.00 1000.00 1000.00

PREFERENCE SHARES

1.00 103.00 100.00 106.00 105.00 103.00 100.00 10.00 1.01

1.00 100.00 100.00 100.00 100.00 100.00 100.00 10.00 1.00

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 Emera Incorporated Famguard Fidelity Bank Finco Focol J. S. Johnson 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

52WK LOW 100.00

115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 ##########

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

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

SECURITY Fidelity Bank Note 22 (Series B) +

SYMBOL FBB22

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: 2015-6-5Y BGS: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-3Y BGS: 2015-10-5Y BGS: 2015-10-7Y

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

BAHAMAS GOVERNMENT STOCK - (percentage pricing)

LAST CLOSE 3.85 17.43 9.09 4.46 1.01 0.19 2.30 9.25 6.16 3.60 12.42 2.70 1.75 7.39 6.21 13.20 6.35 3.65 13.01

CLOSE 3.85 17.43 9.09 4.46 1.01 0.19 2.30 9.25 6.16 3.60 12.42 2.64 1.75 7.20 6.21 13.20 6.35 3.65 13.01

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.06 0.00 -0.19 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 1.00

1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.00

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

CLOSE 100.00

CHANGE 0.00

107.32 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

0.33 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

LAST SALE 100.00 106.99 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

VOLUME 115

50,150

176

VOLUME

EPS$ 0.214 0.932 -0.306 0.317 0.059 0.000 -0.996 0.700 0.441 0.154 0.627 0.102 0.209 0.000 0.670 0.701 0.719 0.277 0.631

DIV$ 0.100 1.130 0.000 0.230 0.000 0.010 0.000 0.710 0.220 0.120 0.620 0.060 0.070 0.084 0.280 0.500 0.200 0.120 0.590

P/E 18.0 18.7 N/M 14.1 N/M N/M -2.3 13.2 14.0 23.4 19.8 25.9 8.4 N/M 9.3 18.8 8.8 13.2 20.6

YIELD 2.60% 6.48% 0.00% 5.16% 0.00% 5.26% 0.00% 7.68% 3.57% 3.33% 4.99% 2.27% 4.00% 1.17% 4.51% 3.79% 3.15% 3.29% 4.53%

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

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

INTEREST Prime + 1.75% 6.95% 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%

MATURITY 19-Oct-2022 ############### 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

MUTUAL FUNDS 52WK HI 2.17 4.16 2.01 180.30 157.58 1.57 1.70 1.65 1.10 6.99 8.54 6.15 10.52 11.46 10.46 10.00 8.45 11.20

52WK LOW 1.67 3.04 1.68 164.74 116.70 1.51 1.64 1.59 1.08 6.41 7.62 5.66 8.65 10.54 9.57 9.88 8.45 11.20

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 Colonial Bahamas Fund Class D Colonial Bahamas Fund Class E Colonial Bahamas Fund Class F

NAV 2.17 4.15 2.01 180.30 155.10 1.57 1.69 1.65 1.10 7.36 8.53 6.50 11.41 11.66 10.41 9.93 8.45 11.20

YTD% 12 MTH% 2.58% 4.11% 0.39% 5.07% 1.47% 2.34% 0.90% 3.44% 1.11% 6.05% 2.88% 4.24% -0.49% 4.11% 2.09% 4.19% 0.06% 0.72% -1.08% 1.77% -5.96% -3.05% 1.90% 4.59% 7.24% 11.96% 2.77% 3.88% 3.94% 4.69% -0.61% 0.75% 1.13% N/A 2.95% N/A

NAV Date 31-Aug-2018 31-Aug-2018 31-Aug-2018 30-Jun-2018 30-Jun-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 31-Aug-2018 30-Jun-2018 30-Jun-2018 30-Jun-2018

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

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 Senate GOP’s campaign organisation. Using regulations, Trump has moved to let people buy short-term insurance that could last one year — and up to three years if renewed. President Barack Obama’s health care law, which Trump and Republicans have weakened but failed to repeal, created more limited versions of those plans, lasting up to just three months. The policies are for people who don’t get coverage at work. The administration says premiums for the new short-term plans will be around one-third the cost of comprehensive coverage that Obama’s law requires. Republicans have promoted them as a low-cost option for strapped consumers

after years of steadily rising premiums, which they blame on Obama’s law, and GOP candidates will be happy to use yesterday’s vote to make that point. “It’s not surprising that Senate Democrats are fighting to take away people’s choices on health care, to drive up premiums,” said Sen Ted Cruz, R-Texas, who’s facing a surprisingly robust re-election challenge from Democratic Rep Beto O’Rourke. Unlike Obama’s statute, the new policies don’t require coverage for people with pre-existing conditions. Democrats call the plans “junk insurance” because, they say, the policies will leave unwary consumers purchasing dangerously meager packages.

NOTICE Notice is hereby given that DAVID JEUNES-GENS of Minnie Street,Nassau, 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 signed statement of the facts within twenty-eight days from the 4th October, 2018 to the Minister responsible for Nationality and Citizenship, P.O.Box N7147, Nassau, The Bahamas.

Tess Bruning of Bon Bini Business Center, Schottegatweg Oost 10, Unit A1K, Willemstad, Curacao is the Liquidator of NEMIRA INVESTMENTS LIMITED

_________________________________ Octagon Management Limited Liquidator

SENATE Minority Leader Chuck Schumer of NY, speaks after the Democratic policy luncheon on Capitol Hill, yesterday in Washington. Senate Democrats briefly turned the chamber’s subject to health care yesterday, just four days after lawmakers’ nasty war over confirming Supreme Court Justice Brett Kavanaugh. And while Democrats lost the vote, they hope they’ve gained a message that will bolster their chances of winning Senate control in next month’s elections. Photo: Alex Brandon/AP

NOTICE Notice is hereby given that LAUREN FELIX of Bacardi Road, Nassau, 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 signed statement of the facts within twenty-eight days from the 4th October, 2018 to the Minister responsible for Nationality and Citizenship, P.O.Box N7147, Nassau, The Bahamas.

NOTICE Notice is hereby given that MILEN DORVILUS of Governor’s Harbour, Eleuthera, 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 signed statement of the facts within twenty-eight days from the 4th October, 2018 to the Minister responsible for Nationality and Citizenship, P.O.Box N7147, Nassau, The Bahamas.

NOTICE NOTICE is hereby given that ANASTACIA MOREAU, of #62 Sunset Sub Division, Freeport, Grand Bahama Bahamas is applying to the Minister responsible for Nationality and Citizenship, for Registration Naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/ naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 4th day of October, 2018 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Freeport, Bahamas.

THE TRIBUNE

Thursday, October 11, 2018, PAGE 13

Dow industrials sink 831 points as tech companies plunge

NEW YORK Associated Press US stocks plunged yesterday as investors, fearful that rising interest rates and trade tensions could hurt company profits, ramped up their selling of high-flying technology and internet stocks. The Dow Jones Industrial Average fell 831 points, its worst loss in eight months. The losses were widespread, and stocks that have been the biggest winners on the market suffered steep declines. Apple and Amazon, the two most valuable companies in the S&P 500, each had their worst day in two and a half years. The Nasdaq composite, which has a high concentration of technology companies, sustained its biggest loss in more than

two years and has dropped almost eight percent since the start of October. Yesterday’s drop should be placed in perspective. Since early 2009, the S&P 500 has quadrupled, driven higher by the US economic expansion, hefty profits for corporations and historically low interest rates, all of which makes stocks an attractive investment. But stocks have slumped over the last week, largely due to worries over rising interest rates. The Federal Reserve recently raised short-term interest rates for the third time this year. Strong economic data and a positive outlook from Fed officials last week sent bond yields sharply higher and sparked concerns about even higher interest rates. Big moves in interest rates tend to unsettle

said investors fear that rising interest rates and growing expenses are going to erode the boost company profits have gotten from the GOP tax overhaul. “The tax cuts juiced earnings this year and that’s not sustainable,” he said. “The market’s starting to say that the glass may be half empty.” President Trump reiterated those concerns yesterday. Trump told reporters after landing in Erie, Pennsylvania, for a campaign rally that he believes the Fed “is making a mistake” with its campaign of rate increases. “I think the Fed has gone crazy,” he said. At the same time, Trump called yesterday’s market plunge “a correction we’ve been waiting for for a long time”. The Dow Jones

A SCREEN above a trading post on the floor of the New York Stock Exchange shows the closing number of the Dow Jones industrial average, yesterday. The Dow Jones Industrial Average plunged more than 800 points, its worst drop in eight months, led by sharp declines in technology stocks. investors, and they can also push them to sell stocks and buy bonds instead. And there is still an overhang from the US trade dispute with China, which

accounts for sizeable portions of some tech companies’ revenue. Alec Young, managing director of global markets research at FTSE Russell,

THE WEATHER REPORT

5-Day Forecast

TODAY

ORLANDO

High: 90° F/32° C Low: 71° F/22° C

TAMPA

FRIDAY

SATURDAY

SUNDAY

MONDAY

Clouds and sun with a thunderstorm

Partly cloudy with a thunderstorm

Periods of sun with a thunderstorm

Partly sunny

Partly sunny

Partly sunny

High: 87°

Low: 78°

High: 87° Low: 78°

High: 87° Low: 76°

High: 87° Low: 77°

High: 88° Low: 77°

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

97° F

86° F

97°-86° F

98°-85° F

98°-85° F

97°-84° F

almanac

E

W

ABACO

S

N

High: 85° F/29° C Low: 80° F/27° C

7-14 knots

S

High: 90° F/32° C Low: 74° F/23° C

7-14 knots

FT. LAUDERDALE

FREEPORT

High: 89° F/32° C Low: 78° F/26° C

E S

E

W

WEST PALM BEACH

W

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.

N

N

uV inDex toDay

TONIGHT

High: 90° F/32° C Low: 76° F/24° C

High: 88° F/31° C Low: 76° F/24° C

MIAMI

High: 90° F/32° C Low: 78° F/26° C

6-12 knots

Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 88° F/31° C Low .................................................... 80° F/27° C Normal high ....................................... 85° F/30° C Normal low ........................................ 73° F/23° C Last year’s high ................................. 91° F/33° C Last year’s low ................................... 76° F/25° C Precipitation As of 2 p.m. yesterday ................................. 0.00” Year to date ............................................... 42.70” Normal year to date ................................... 30.96”

ELEUTHERA

NASSAU

High: 87° F/31° C Low: 78° F/26° C

Forecasts and graphics provided by AccuWeather, Inc. ©2018

High: 84° F/29° C Low: 79° F/26° C

N

KEY WEST

High: 88° F/31° C Low: 82° F/28° C

E

W

4-8 knots

S

4-8 knots

Ht.(ft.)

Low

Ht.(ft.)

10:01 a.m. 10:21 p.m.

3.6 3.1

3:47 a.m. 4:25 p.m.

0.0 0.2

Friday

10:47 a.m. 11:07 p.m.

3.5 2.9

4:30 a.m. 5:12 p.m.

0.2 0.4

Saturday

11:33 a.m. 11:55 p.m.

3.3 2.7

5:14 a.m. 6:01 p.m.

0.4 0.6

Sunday

12:22 p.m. -----

3.1 -----

6:00 a.m. 6:52 p.m.

0.7 0.9

Monday

12:45 a.m. 1:13 p.m.

2.5 2.9

6:50 a.m. 7:47 p.m.

0.9 1.0

Tuesday

1:41 a.m. 2:09 p.m.

2.4 2.8

7:44 a.m. 8:44 p.m.

1.1 1.1

Wednesday 2:40 a.m. 3:07 p.m.

2.3 2.8

8:44 a.m. 9:41 p.m.

1.2 1.2

sun anD moon Sunrise Sunset

7:06 a.m. 6:47 p.m.

Moonrise Moonset

9:24 a.m. 8:54 p.m.

First

Full

Last

New

Oct. 16

Oct. 24

Oct. 31

Nov. 7

ANDROS

SAN SALVADOR

GREAT EXUMA

High: 86° F/30° C Low: 78° F/26° C

High: 83° F/28° C Low: 79° F/26° C

N

High: 86° F/30° C Low: 78° F/26° C

S

LONG ISLAND High: 84° F/29° C Low: 78° F/26° C

H

E

W

insurance management tracking map

MICHAEL

High Today

High: 84° F/29° C Low: 78° F/26° C

N

S

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

tiDes For nassau

CAT ISLAND

E

W

Industrial Average gave up 831.83 points, or 3.1 percent, to 25,598.74. The S&P 500 index sank 94.66 points, or 3.3 percent, to 2,785.68. The benchmark index fell for the fifth straight day, which hadn’t happened since just before the 2016 presidential election. The Nasdaq composite, with a large contingent of tech stocks, tumbled 315.97 points, or 4.1 percent, to 7,422.05. It’s fallen 7.5 percent in just five days. The Russell 2000 index of smaller-company stocks shed 46.45 points, or 2.9 percent, to 1,575.41. The market had enjoyed a stretch of relative calm, where even big intraday losses were erased by the end of the day. But over the past five days, the losses stuck, and on yesterday the selling went on right to the closing bell.

6-12 knots

MAYAGUANA High: 85° F/29° C Low: 79° F/26° C

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

CROOKED ISLAND / ACKLINS RAGGED ISLAND High: 84° F/29° C Low: 79° F/26° C

High: 84° F/29° C Low: 79° F/26° C

GREAT INAGUA High: 85° F/29° C Low: 78° F/26° C

N

E

W

E

W

N

S

S

6-12 knots

7-14 knots

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

Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday: Today: Friday:

WINDS S at 7-14 Knots SW at 7-14 Knots SE at 4-8 Knots S at 4-8 Knots SE at 6-12 Knots S at 4-8 Knots E at 7-14 Knots SE at 6-12 Knots SSE at 6-12 Knots S at 6-12 Knots SSW at 8-16 Knots WSW at 6-12 Knots SE at 4-8 Knots SSE at 4-8 Knots E at 7-14 Knots ESE at 4-8 Knots ESE at 7-14 Knots SE at 6-12 Knots E at 6-12 Knots SE at 6-12 Knots SSE at 4-8 Knots S at 4-8 Knots SE at 6-12 Knots SE at 4-8 Knots SE at 6-12 Knots S at 6-12 Knots

WAVES 4-7 Feet 3-5 Feet 1-2 Feet 0-1 Feet 3-5 Feet 2-4 Feet 3-5 Feet 2-4 Feet 3-6 Feet 3-5 Feet 2-4 Feet 1-3 Feet 1-2 Feet 1-2 Feet 3-5 Feet 2-4 Feet 1-3 Feet 1-3 Feet 4-7 Feet 3-6 Feet 1-2 Feet 1-2 Feet 1-3 Feet 1-3 Feet 1-3 Feet 1-3 Feet

VISIBILITY 5 Miles 5 Miles 5 Miles 5 Miles 5 Miles 10 Miles 10 Miles 10 Miles 5 Miles 10 Miles 5 Miles 5 Miles 5 Miles 10 Miles 10 Miles 10 Miles 8 Miles 10 Miles 10 Miles 10 Miles 5 Miles 5 Miles 8 Miles 10 Miles 5 Miles 10 Miles

WATER TEMPS. 82° F 82° F 84° F 83° F 83° F 82° F 84° F 84° F 83° F 81° F 83° F 83° F 84° F 83° F 84° F 84° F 84° F 84° F 83° F 84° F 84° F 84° F 83° F 83° F 85° F 82° F

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