10252016 business

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Baha Mar deal ‘can’t be tax free’ after Matthew

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net Baha Mar’s sale must not be “scott free” of the normal 10 per cent ‘transfer tax’, the Opposition’s deputy leader demanded yesterday, suggesting such revenues could “more than compensate” for Hurricane Matthew relief costs.

K P Turnquest told Tribune Business he was “very concerned” that the Government had agreed to totally waive the mixture of Stamp Duty and ValueAdded Tax (VAT) that would normally be payable on the sale of Baha Mar’s assets to Perfect Luck Holdings.

The latter entity is the

KP: Transfer tax would cover $600m storm relief Says sale to bank’s SPV must not be ‘scott free’ But 10% ‘transfer tax’ likely waived to finish project KP Turnquest special purpose vehicle (SPV) created by the China Export-Import Bank to purchase Baha Mar from its Deloitte & Touche receivers - the first step in the ‘strategy’ to complete Baha Mar’s construction and make the

North Andros’ Matthew losses may hit $20-$30m

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net The North Andros economy may have suffered $20-$30 million in losses as a result of Hurricane Matthew, the Chamber’s chief executive said yesterday.

Edison Sumner told Tribune Business these figures were a “guesstimate” based on the field assessments and reports coming back from the island, which the Nassau-based Chamber is using as the basis to kickstart relief efforts.

“Based on what I’ve seen, we’re looking at at least $20-$30 million in losses from the North Andros community,” Mr Sumner told Tribune Business. “In my mind, that could be what we’re facing, but we’re not sure what is insured, self-insured or damaged.”

The Chamber chief said his main goal was to prevent business “casualties” from becoming “fatalities”, with “all hands on deck” to prevent such an outcome.

He explained that the Chamber currently possessed lists of North Andros businesses that were impacted by Matthew, and what each one’s specific damages where. It is now beginning quantitative assessments to place a figure on the likely losses.

Describing the stormrelated damage as “quite

Chamber says ‘guesstimate’ based on reports Business ‘casualties’ can’t become ‘fatalities’ ‘All hands on deck’ for business restoration effort

CEO of Chamber of Commerce Edison Sumner. severe”, Mr Sumner said businesses in Lowe Sound, Nicholl’s Town, Mastic Point, Conch Sound and Morgan’s Bluff had all “suffered damage”.

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project ‘sale ready’.

Mr Turnquest, though, said the Bahamas needed the potential tax revenues generated by the ‘SPV purchase’ more than ever, given the $600 million in damages that the Government

estimates were inflicted by Matthew.

Urging the Christie administration to waive no more than 50 per cent of the ‘due transfer’ tax, Mr Turnquest said that to completely forego this revenue would be akin to “cutting your nose off to spite your face”, given Matthew’s impositions.

He estimated that the ‘SPV sale’, together with Baha Mar’s eventual sale to its ‘ultimate purchaser’, could generate between $600-$700 million in transfer tax revenue combined more than enough to cover estimated restoration costs.

Tribune Business’s calculations suggest that while the FNM deputy leader’s See pg b4

‘Absolutely no excuse’ for Contractors Bill delay post-Matthew

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net There is “absolutely no excuse” for further delaying the Contractors Bill’s passage into law, an exBahamian Contractors Association (BCA) president said yesterday, arguing that regulation was needed more than ever in Hurricane Matthew’s wake.

Stephen Wrinkle told Tribune Business that a construction industry that was properly licensed, and accountable, was essential if Bahamian taxpayers were to receive ‘value for money’ in Matthew-related home repairs.

Without the regulation promised by the Contractors Bill, which has already been brought to Parliament for its first reading,

Govt ‘obligation’: Make rebuilt homes meet Code Otherwise taxpayers will ‘pick up bill once again’ Ex-BCA chief fears ‘anyone’ able to do rebuilding Mr Wrinkle said “anyone” could obtain government contracts to fix/build homes.

This, he added, created the possibility that many reconstructed homes, especially in the Family Islands and rural areas of Grand Bahama, would again not See pg b4

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Bran: LOI claims will ‘turn away’ foreign investors

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net The Democratic National Alliance’s (DNA) leader yesterday said the allegations made by the group at the centre of the Renward Wells Letter of Intent (LOI) controversy threaten “to turn foreign investors away from the Bahamas”.

Branville McCartney told Tribune Business that the claims made by Stellar Energy, in its $727.364 million action against Mr Wells and other defendants, “raise questions as to how our government does business with foreign companies”.

Stellar Energy’s legal filings allege that it was required to deal with persons holding themselves out as “agents” or representatives of the Christie administration, who promised they could facilitate all the necessary approvals for its pro-

Stellar claims ‘question how Govt does business’ DNA chief says similarities with his B’air firing Warned then he had to be ‘more PLP inclined’ posed $650 million waste-toenergy plant.

After adopting their suggestions to appoint certain persons to posts with Stellar Energy, and enter into “partnerships” and “joint venture agreements” over the project, the group said it felt “forced” into these arrangements - including the now-notorious LOI. See pg b3

Matthew relief still aiming to ‘promote compliance culture’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net While Hurricane Matthew relief efforts will be “more flexible” than those for Joaquin, the Chamber’s chief executive yesterday warned that they would still seek to promote “a culture of compliance”.

Edison Sumner told Tribune Business that while the Chamber, and its Rebuild Bahamas partnership with Rotary, might slightly “relax” their approach and terms for providing stormrelated assistance, they will not “turn a blind eye” to tax cheats and other forms of law-breaking.

“We will probably relax a little our approach,” he said.

Will be ‘more flexible’ than effort for Joaquin But ‘no blind eye’ for law and rulebreaking businesses “We want to be more flexible and are prepared to assist where we can.

“But it doesn’t mean we’re going to turn a blind eye to persons and companies operating in the formal economy.

“We do want to get relief to persons as quickly as we possibly could, but we want to send a clear message that See pg b2

PAGE PAGE 2, 2, Tuesday, Tuesday,October October25, 25,2016 2016

THE TRIBUNE THE TRIBUNE

Matthew makes air travel ‘even slower’

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

A SENIOR airline executive said yesterday that a traditionally slow travelling period had become “even slower” in the wake of Hurricane Matthew, telling this newspaper: “Right now, people’s resources are stretched.”

Captain Randy Butler, the Sky Bahamas president and chief executive, said: “It’s really a slow period right now, and because of the hurricane it’s even slower to tell you the truth.

“You can’t take this time

to raise any fees. Right now people are just taking taking food and what not to the Family Islands and I’m sympathetic to that.”

He added: “Right after the storm people wanted to go out and see. The travel experience to Freeport for one thing isn’t as pleasant because of the damage they sustained there. People’s resources are stretched right now. That’s just the way it is.”

Captain Butler urged the Government and relevant agencies to better prepare for the eventuality of future hurricanes. “How many of these are going to be teach-

able moments?” he asked.

“We just had a major storm last year and we still haven’t fully recovered from that. It’s the same mistakes. What are we going to do?

“As a country we have to keep pushing forward; we have to keep going, we can’t stop now. We need to put our heads together.

We have to put the necessary policies in place, for instance, dealing with evacuations. Right now the true character of people are coming out, in both ways.

You have people who are helping and people who really aren’t.”

Realtor beefs up Nassau sales force

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DAMIANOS Sotheby’s International Realty has added Ashley Brown to its Nassau sales team.

Her family has a long-standing history in Bahamian real estate, with her ancestors among the first brokers in the country to start their own real estate company.

Ms Brown is a licensed real estate broker and ASP-certified home stager. “Ashley’s impressive sales record and impeccable negotiating skills enable her to offer invaluable assistance to our clients searching for their dream home in Nassau,” said Lana Rademaker, Damianos Sotheby’s International Realty’s vice-president.

Damianos Sotheby’s International Realty has 11 offices located throughout the Bahamas.

Matthew relief still aiming to ‘promote compliance culture’ From pg B1 if you know you ought to be registered for VAT and are not, if you’re operating without a valid Business Licence, you are operating outside the scope of the law,” Mr Sumner added.

“We want to encourage businesses that we’re they’re to assist you as best we can, but we also want to promote a culture of compliance with the rule of law.

“If it’s not working for you we will do our best to amend the laws, but until that happens it’s important that businesses operate in compliance with the rule of law. If that’s not happening, we want to encourage businesses to get to that point of compliance.”

Mr Sumner said the

Chamber and Rebuild Bahamas knew that many businesses, which acted as “the lifeblood of communities”, especially on the Family Islands, were “hurting a lot” in Matthew’s wake.

However, he said the organisations remained steadfast in their belief that all Bahamas-based businesses - whether ‘Mom and Pop’ stores or those generating millions of dollars in annual revenues - “operate within the confines of the law”.

“The Chamber supports businesses that support business,” Mr Sumner added.

He was speaking after a Rebuild Bahamas report revealed that just one in four business applications for post-Hurricane Joaquin assistance was approved be-

CHOICE FOR THE FAMILY

cause many enterprises were non-compliant with tax and other legal requirements.

Rebuild Bahamas, which is a joint relief effort supported by Rotary and the Bahamas Chamber of Commerce and Employers Confederation (BCCEC), assisted 48 businesses in the southern Bahamas islands devastated last year by Joaquin.

However, it said in a statement that applications from around three times’ this number did not qualify for aid because they did not have a Business Licence or were non-compliant with other government requirements.

The Ministry of Finance has suggested this will be less of a hindering factor for the Hurricane Matthew relief and recovery efforts, and is putting in place mechanisms to assist this - something confirmed by Mr Sumner.

THE THE TRIBUNE TRIBUNE

Tuesday, October October 25, 25, 2016, 2016, PAGE PAGE 3 Tuesday, 3

Sandals ‘practically full’ by early November date

By NATARIO McKENZIE

rehired. Resort executives have refuted those allegations.

Mr Williams told Tribune Business previously that the resort had pushed its opening date back 12 days as a result of damages sustained during Hurricane Matthew, adding that delaying the opening to mid-December would have been “ideal, but we have to get people working”.

“We had a lot of landscape damage and that took a lot of work. Sandals Cay was also badly damaged. There is just some last minute work but we will be ready,” said Mr Williams, who was unable yesterday to put an exact figure on the added cost of Hurricane Matthew-related damages.

Sandals Royal Bahamian had outlined plans for a newly renovated Windsor pool, restored Balmoral

pool deck, and major upgrades to five of its restaurants to include re-roofing.

The Windsor Ballroom also underwent significant improvements to include updated audio visual equipment and soft furnishings.

Other repair work that had been planned extended to the resort’s Red Lane Spa and an overhaul of electrical systems in select areas.

Unions demand PM Sandals intervention

of an industrial agreement for the Bahamas Customs, Immigration and Allied Workers Union with the Government; the execution of an industrial agreement for the Water and Sewerage Management Union; access and collection of dues for members of the Bahamas Hotel, Catering and Allied Workers Union (Melia); payment of overtime and holiday pay due to Air Traffic Controllers; and meaningful negotiations between Cable Bahamas and the BCPOU. become part of us, or to hell with you. The same thing happened with respect to Stellar.

“This is what turns foreign investors away from this country; this same thing.”

Tribune Business Reporter

nmckenzie@tribunemedia.net

SANDALS Royal Bahamian executives said yesterday that they expect the resort to be at “practically full” occupancy by early November, with the property set for a ‘soft opening’ today just over two months after undertaking $4 million worth of renovations.

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

THE Bahamas’ two trade union bodies are calling on Prime Minister Perry Christie to facilitate negotiations with Sandals Royal Bahamian for the reinstatement of all terminated union officers, along with the other workers released back in August.

In a joint statement from

In line with initial projections of a strong winter season, Gary Williams, general manager at the all-inclusive property, told Tribune Business: “By November 3, we will be practically full.

“We have about 100 rooms coming in Tuesday; at last count it was 98. We have a soft opening on Tuesday; things are going fine. The official opening and celebration is the weekend of November 18.”

the Trades Union Congress (TUC) and the National Congress of Trade Unions (NCTU), under the Joint Labour Movement (JLM) banner, the groups reiterated calls for the Government to immediately pass legislation to protect Bahamian workers from sudden mass redundancies.

Acknowledging the recent ‘nolle prosequi’ for the five Bahamas Hotel, Maintenance & Allied Workers

Bran: LOI claims will ‘turn away’ foreign investors From pg B1 Stellar then alleged that the LOI was leaked as part of “a conspiracy” against it, with “clear intent at the Government level to sabotage the project”.

Mr McCartney, while emphasising that his Halsbury Chambers law firm had never represented Stellar Energy over the LOI, told Tribune Business he wished it had done so.

Refuting suggestions that this would have created a ‘conflict of interest’, the DNA leader said he was directly informed by Stellar executives that they could not hire Halsbury Chambers.

Mr McCartney said they informed him that they had to instead use a law firm with connections to the governing party if the project was to have any chance of proceeding.

The DNA leader told Tribune Business that the situation recalled his law firm’s loss, under a previous PLP administration, of the contract to represent Bahamasair because he needed to be “more PLP-inclined”.

“It raises questions as to how our government does business with foreign investors,” Mr McCartney told Tribune Business of Stellar’s allegations.

“I use it from a local standpoint, and give an example, of my firm not being able to represent that company [Stellar] because the Government, the PLP, insisted that they get another firm to represent them; one with connections to the governing party.”

Asked how he knew this,

Mr McCartney replied: “They told me that. Stellar told me that. They said: ‘Bran, sorry, but this is what we have to do to have even a chance of getting our foot in the door’.

“I wish I had represented Stellar. They keep throwing up in my face that we had represented Stellar in the LOI deal.

“The reason we failed to represent them, and I see nothing wrong with representing them, was that they were told they needed a PLP firm to be involved with representing Stellar.”

Mr McCartney said the episode was similar to how Halsbury Chambers lost the contract to act as outside counsel for Bahamasair, the national flag carrier.

The DNA leader said the business loss stemmed from his attendance at a function, before he entered politics, where he was photographed with Tommy Turnquest and other FNM members.

“This reminds me, before I got into frontline politics, of how my firm represented Bahamasair many years ago,” he told Tribune Busi-

Mr Williams added: “The full complement of staff is coming back; a little less than 600. It depends on the occupancy. It’s about 400600 depending on the occupancy.”

The union representing Sandals Royal Bahamian workers has accused the resort of ‘union busting’, claiming that roughly 10 per cent of union members who were made redundant back in August have been

Union (BHMAWU) officers who had been charged in connection with a demonstration outside the Cable Beach-based resort, the unions asserted that the Attorney General’s decision to also drop charges against top Sandals executives had established a precedent damaging to the trade union movement. “ The end result is that the executives of the union and the workers are without

their jobs, while the executives of Sandals, continue to be employed,” the unions said.

“The effect of what the Attorney General did is to establish a precedent which is damaging to the trade union and labour movements.

For example, if a trade union or a worker goes to the Labour Board to file a dispute with an employer who fails to attend a conciliation meeting, only the Attorney

General is authorised to commence proceedings for failure to appear.”

The unions are now calling on Mr Christie to cause Sandals management to meet with the bargaining agent union and begin negotiations before the soft reopening of the hotel, which is set for today.

They are also seeking the immediate reinstatement of all terminated union officers; negotiations for reinstatement of other workers made redundant by Sandals on August 15; the execution

ness.

“After the function, I got a call from persons from Bahamasair stating that I must be more PLP inclined. I answered: You hired me as an attorney, not a politician.

“I went to a political function, but I was not in frontline politics at the time. I was told that if I continued to act in that regard, there will be consequences. There were consequences: They fired my firm.”

Mr McCartney said he then attended a Christmas Bar Association luncheon, where a former senior PLP official told him how he was the person who signed the document firing the DNA leader’s law firm.

“I saw him at this function, and he had a big cigar in his mouth and was sipping rum,” Mr McCartney recalled. “He came up to me and said: ‘I signed the note for you to be fired’.”

The tables were turned, though, when Mr McCartney was elected to Parliament and initially became junior minister of tourism in the 2007-2012 Ingraham administration, with responsibility for Bahamasair.

“I saw him in a Chinese restaurant, probably on Bay Street,” the DNA leader said of the ex-PLP official.

“I said to him: ‘What y’all did to me will never happen under my watch’.”

Mr McCartney divulged the former senior PLP official’s name, but Tribune Business has elected for le-

gal reasons not to publish it.

“I use that as an example in this LOI matter,” the DNA leader said, referring to Stellar. “The PLP government’s attitude was that you either do it that way and

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PAGE 4, Tuesday, October 25, 2016

‘Absolutely no excuse’ for Contractors Bill delay post-Matthew From pg B1 be built to Bahamas Building Code standards.

And when they failed in the next powerful storm to tear through the Bahamas, the Government and taxpayer would again be saddled with a multi-million dollar repair bill that was entirely avoidable.

“It’s really going to take some effort and accountability,” Mr Wrinkle told Tribune Business of the post-Matthew rebuilding required in north Andros and west Grand Bahama.

“If it’s the taxpayers’ money they’re spending to fix these homes, they have an obligation to ensure the money is well spent, and a significant portion of that has to be code compliance.

“If someone is going to receive assistance from the disaster fund, the relief monies, they need to ensure they’re Building Code compliant to be able to withstand the next storm,” he added.

“In many cases, people could not afford to build to Code. One of the criteria for assistance must be Building

Code Compliance.”

It is generally acknowledged that Bahamas Building Code compliance, and enforcement, becomes more lax the greater the distance from Nassau.

Mr Wrinkle called on the Ministry of Works to “send building inspectors down to Lowe Sound and have them there for the duration of the rebuilding”, implying that their presence would ensure reconstructed homes adhered to the Code.

“I think this is a wake-up call for adherence to the Building Code,” he said of the devastation inflicted by Matthew.

“Most structures that were compliant, and had a good roof, withstood the storm quite well. Most of the structures that were damaged did not appear to be built to Code.”

Agreeing that Building Code compliance needed to be assessed, “especially in the Family Islands”, Mr Wrinkle said the Category Three/Four storm was “what the Prime Minister calls a teachable moment”.

Mr Wrinkle suggested

Baha Mar deal ‘can’t be tax free’ after Matthew From pg B1 estimates may be a little high, a nine-figure sum would be due to the Public Treasury on both transactions - going a long way to easing Matthew’s financial burden.

“We just went out and borrowed $150 million for hurricane relief,” Mr Turnquest told Tribune Business, “and we have this transaction - the sale of this entity [Baha Mar] - from the receivers to this Perfect Luck entity.

“As we look for revenue to assist with this rebuilding effort, one has to question if Stamp Tax (transfer tax) is being collected. If so, how much, and if it’s not being collected, how much is being waived in terms of concessions.”

Basing his calculations on a $3 billion valuation for Baha Mar’s real estate assets, Mr Turnquest suggested that the 10 per cent ‘transfer tax’, made up of 7.5 per cent VAT and 2.5 per cent Stamp Duty, could generate $300 million in much-needed revenue from the ‘SPV sale’.

He described this as “a significant little chunk of change”, and said this sum could be “doubled” when Baha Mar is sold to its ulti-

mate purchaser - for a price likely in excess of that paid by the SPV. “It more than compensates for hurricane relief,” Mr Turnquest told this newspaper of his $600-$700 million estimate.

Tribune Business’s own calculation, even allowing for the fact that bids to purchase Baha Mar have “not come anywhere near” to paying off the $2.45 billion debt owed to the China Export-Import Bank, is based on buyer offers likely exceeding the $1 billion mark.

Using the latter figure, the Public Treasury would still be looking at a $100 million-plus windfall - extremely valuable in limiting Matthew’s financial impact, and the fall-out for the $6.778 billion national debt and fiscal deficit.

Tribune Business sources close to the situation at Baha Mar, and familiar with details relating to the construction completion agreement and ultimate sale plans, yesterday confirmed that ‘transfer tax’ on the SPV sale had been addressed in the Government’s deal with the China Export-Import Bank.

“That issue was addressed in the Heads of Terms, and that’s part of what was sealed,” one

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that all new and reconstructed homes had to be built with hurricane clips and “proper anchors”, which tied roofs to the actual structure and founda-

tion, giving them a chance to withstand 150 mile per hour winds.

“You have continuity from the ground to the ridge,” he added. Mr Wrin-

kle said contractors also needed to employ “proper fastenings” for windows, not just use screws, and follow manufacturer instructions properly when installing.

The ex-BCA president also called for “extra effort” to make sure government buildings, hurricane shelters and schools were properly constructed to withstand powerful storms.

“Buildings that we say are safe for people in a hurricane must be thoroughly inspected and have a designation that they are code compliant,” Mr Wrinkle told Tribune Business.

“There needs to be some protocols in place to say they have passed inspection. Some of my buildings were destroyed by the church roof next door falling on them.

“That church was supposed to be a hurricane shelter. It’s a classic example of buildings that were supposed to be shelters, and the roof came off.”

Mr Wrinkle said Code compliance and construction that can withstand major storms is directly linked to regulation, and passage of the Contractors Bill, as the sector is one of the few

source told Tribune Business, declining to say any more.

Another, also requesting anonymity, suggested that the Government had agreed to waive the ‘transfer tax’ for the SPV sale, so as to facilitate Baha Mar’s completion and opening.

It is also unclear whether there are legal ‘loopholes’ that would enable the sale to avoid the tax.

While taxes are unlikely to be paid for completing Baha Mar, it was also suggested that the issue of ‘transfer tax’ on the property’s ultimate sale had not yet been determined, as this was a matter for the final buyer to negotiate with the Government.

Another contact suggested that the Baha Marrelated tax demands, coming in Hurricane Matthew’s wake, were “short sighted” as the burden would have acted as a disincentive for China Export-Import Bank to complete the project’s construction.

With the Chinese stateowned institution already financing obligations that are not its own, such as paying $100 million to settle the claims of Baha Mar’s Bahamian creditors, the imposition of such a ‘transfer tax’ burden could have acted as a ‘deal breaker’.

Unwilling to finance such a sum, the China ExportImport Bank could have elected to ‘sit’ on Baha Mar

and do nothing with the property, depriving the Bahamian economy of thousands of jobs, increased tourist traffic and numerous spin-offs.

Dionisio D’Aguilar, a key ally of Sarkis Izmirlian, Baha Mar’s original developer, also expressed scepticism that ‘transfer tax’ would be paid on the ‘SPV sale’.

“Let me tell you something: The Chinese ain’t going to pay that,” he told Tribune Business. “You can rest assured that, as good as I’m sitting in this chair, they are not going to pay that; they’re not going to pay transfer tax. This is all part of the sweet deal from the Government.”

Mr D’Aguilar then argued that the extent of the potential ‘tax break’ made recent Chinese donations to the Matthew relief effort, in the thousands of dollars, “laughable”.

There is also precedent for the Government to either waive the ‘transfer tax’ entirely, or agree a lower, concessionary rate to facilitate the sale of Bahamasbased mega resorts.

The former Ingraham administration is believed to have done this for the debtfor-equity swap that led to Brookfield Asset Management taking over the Atlantis resort, given that the $200-$300 million sum due to the Public Treasury will have acted as an impedi-

ment to that deal.

However, setting aside Hurricane Matthew’s impact, the tax concerns are being fed by the fact that details of the Government’s agreement with the China Export-Import Bank remain sealed and confidential under Orders from the Supreme Court.

The Christie administration is likely to come under renewed pressure to be more transparent over the Baha Mar agreement’s details, especially given the burden Matthew threatens to place on the Bahamian people.

“For the Government to give up totally, if they have, Stamp Duty and VAT revenue on this transfer, would be incredibly generous for a small country and vulnerable economy like ours,” Mr Turnquest told Tribune Business yesterday.

“One can understand that at times you have to make adjustments and tweaks, but it should not be a 100 per cent concession to the total burden and detriment of the Bahamian people.

That cannot be scott free.

That’s not in the interests of the Bahamian people.”

Suggesting that this was akin to “chopping off your nose to spite your face” in Matthew’s aftermath, with the Government hoping to make-up any revenue concessions after Baha Mar opens, Mr Turnquest called for a “split”.

Stephen Wrinkle

trades without its own legislation.

“We certainly can’t afford to go through this again socially, economically, emotionally,” Mr Wrinkle said of Matthew.

“In some cases, people paid the contractor to build to code and it wasn’t done.

That’s the disappointing part, yet they still got the occupancy certificate.

“This is another reason why the BCA is continually calling for the passage of the Contractors Bill to bring licensing, regulation and standards.”

He added: “That’s the only way we will see accountability in the industry.

Or otherwise many homes will keep getting damaged, and the taxpayer will pick up the bill once again.

“The BCA has the solution. There is absolutely no excuse why the Government does not pass that Bill at this time. Enforcement of the Building Code and regulations can be done if contractors are licensed. You can’t do it if anyone goes into fix those homes. That’s what’s going to happen.”

He suggested that the China Export-Import Bank’s SPV pay 50 per cent of what was due, suggesting this would balance the Treasury’s requirements with the “urgent need” to get Baha Mar going.

The Opposition’s deputy leader then lamented the short-termism and lack of planning over how the Bahamas dealt with its economy, suggesting this had been exposed by both Baha Mar and Hurricane Matthew.

“It’s unfortunate that we manage our economy and finances by the seat of our pants, without giving consideration to hurricanes and other disasters that could happen,” Mr Turnquest told Tribune Business.

“We are operating right now with tremendous national debt and recurrent deficits despite the introduction of VAT.” He added: “This is a sad indictment of all of us as a country, as it indicates that we’re prepared to sacrifice the long-term well-being of our economy and people, and the fight for a sustainable economy, for short-term gain.

“We’ve got to look at, objectively and holistically, how we manage these kinds of situations, ensuring that long-term benefit for the Bahamian people is sustainable and fair for all concerned.”

PASSAT MANAGEMENT INC. Company No. 1452229 (In Voluntary Liquidation)

GLENORCHY GROUP LTD. Company No. 1010375 (In Voluntary Liquidation)

NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that PASSAT MANAGEMENT INC. is in voluntary liquidation. The voluntary liquidation commenced on 11th October, 2016 and Nicolas Müller of Talstrasse 83, 8001 Zürich, Switzerland has been appointed as the Sole Liquidator.

NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that GLENORCHY GROUP LTD. is in voluntary liquidation. The voluntary liquidation commenced on 10th October, 2016 and Rahel Ruth Kieber of Dorfstrasse 7a, 9495 Triesen, Principality of Liechtenstein has been appointed as the Sole Liquidator.

Ian McConnell Liquidator

Dated this 11th day of October, 2016 Sgd. Nicolas Müller Voluntary Liquidator

Dated this 10th day of October, 2016 Sgd. Rahel Ruth Kieber Voluntary Liquidator

PKF BAHAMAS

NOTICE

NOTICE GUERNICA INTERNATIONAL LTD. In Voluntary Liquidation

NOTICE INTERNATIONAL BUSINESS COMPANIES ACT (No.45 of 2000) In Voluntary Liquidation Notice is hereby given that, in accordance with Section 138 (4) of the International Business Companies Act, (No.45 of 2000), DTA Investments Fund Ltd. (the “Company”) is in dissolution.

The date of commencement of the dissolution is October 24th, 2016. Ian McConnell is the Liquidator and can be contacted at Av. De las Americas 8000 Parque Miramar, Canelones, Uruguat.

All persons having claims against the above-named Company are required to send their names, addresses and particulars of their debts or claims to the Liquidator before November 22nd, 2016.

QUALIFIED ACCOUNTANTS REQUIRED PKF Bahamas, an International Accounting Firm, seeks to recruit professional qualified persons with recognized accounting qualifications.

They must be eligible for membership in The Bahamas Institute of Chartered Accountants and must have at least two (2) or three (3) years post qualification experience.

Only Bahamians need apply.

Preference will be given to applicants with proven audit and assurance experience.

Salary and benefits subject to negotiation.

Please apply in writing to:

Human Resources Partner PKF Bahamas P. O. Box N-8335, Nassau, Bahamas.

INVEX CHILE INC. NOTICE IS HEREBY GIVEN as follows: (a) INVEX CHILE INC. is in dissolution under the provisions of the International Business Companies Act 2000. (b) The dissolution of the said Company commenced on the 20th day of October, 2016 when its Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said Company is Mr. Delano Aranha of Ocean Centre, Montagu Foreshore, East Bay Street, P.O. Box N-3247, Nassau, Bahamas

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, GUERNICA INTERNATIONAL LTD. is in dissolution as of October 19, 2016 International Liquidator Services Inc. situated at 3rd Floor Whitfield Tower, 4792 Coney Drive, Belize City, Belize is the Liquidator.

H & J CORPORATE SERVICES LTD. Registered Agent for the above-named Company

LIQUIDATOR ______________________

THE THE TRIBUNE TRIBUNE

Tuesday, October October 25, 25, 2016, 2016, PAGE PAGE 5 Tuesday, 5

North Andros’ Matthew losses may hit $20-$30m From pg B1 inventory loss/damage and damaged equipment and facilities. Those businesses impacted included food and grocery stores, hardware retailers, gas stations, restaurants and fishing and bonefish lodges.

Mr Sumner said that “now we have an idea of the damage”, the Chamber and Rotary disaster relief partnership, Rebuild Bahamas, would start reaching out to impacted businesses - in conjunction with the North Andros Chamber of Commerce - to encourage them to submit applications for assistance.

“One of the questions is going to be: What is the most pressing need you have that will get you back into place the quickest to start generating revenue and help you boost your economy,” Mr Sumner told Tribune Business.

Expressing concern that some North Andros-based businesses may have been missed in the initial Chamber post-Matthew assessments, he disclosed that follow-ups will be conducted, adding: “We don’t want to leave anyone behind.”

While the Chamber was still compiling the number of businesses impacted in North Andros, Mr Sumner said the assistance provided through Rebuild Bahamas could range from help with property repairs and infrastructure to inventory and IT/point-of-sale system replacement.

Chamber personnel have already conducted similar assessments on Grand Bahama, and are due to return to the island later this week, working in conjunction with its Chamber of Commerce.

“We will be conducting a similar exercise here in New Providence, and you’re going to see that moving in earnest in the next day or so,” Mr Sumner told Tribune Business.

“The challenge we’re having here is that we’re dealing with the centre of trade and commerce in the

country, where most business activity occurs.

“The efforts required in New Providence and Grand Bahama are going to be significantly more that what we undertook a year ago [in the southern Bahamas with Joaquin],” he added.

“We’ve got a lot more businesses to deal with. The business community in New Providence and Grand Bahama is a lot more complex and diverse than what we met in the islands.”

Mr Sumner expressed hope that “most of the businesses we encounter in New Providence and Grand Bahama have some level of insurance”, thereby helping to minimise demands on the relief effort, and allowing Rebuild Bahamas to focus on those without financial protection.

With further discussions set to be held today on the relief efforts, Mr Sumner said “several initiatives” that could potentially allow storm-hit businesses to raise capital were under review.

“We’re hoping that between the efforts of the private sector, the Government and Rebuild Bahamas, we will be able to bring support to all the impacted businesses throughout the economy in terms of rebuilding,” the Chamber chief executive said.

“All hands are on deck to find the best solution to bring the relief in the shortest possible time to support those businesses.”

He added: “We don’t want to see any business fatalities. We know we’ve got a lot of casualties, but we don’t want any fatalities, although a number of businesses may find it difficult to get back into business at the levels they were before.

“We want to give them every opportunity to be successful, and get back to a place where they can generate revenue again.”

Wave of deals lead US stocks higher; tech companies jump NEW YORK (AP) — U.S. stocks rose Monday as investors were cheered by a spate of corporate dealmaking over the weekend. Technology companies made the biggest gains. But investors were doubtful the biggest deal, AT&T’s agreement to buy Time Warner, will happen.

Companies announced almost $100 billion in deals over the last few days. Investors had mixed reactions to the moves, but they were pleased the companies were willing to spend.

“Any time you see a lot of IPOs, a lot of merger activity, it boosts confidence,” said Karyn Cavanaugh, senior markets strategist for Voya Investment Strategies.

Big-name technology companies including Apple and Alphabet, which owns Google, rose ahead of reporting their earnings this week. Amazon also rose, giving other consumer companies a boost. Energy companies slipped with the price of oil.

The Dow Jones industrial average gained 77.32 points, or 0.4 percent, to 18,223.03.

The Standard & Poor’s 500 index rose 10.17 points, or 0.5 percent, to 2,151.33.

Thanks to the big gains for tech companies, the Nasdaq composite climbed 52.42 points, or 1 percent, to 5,309.83.

Over the weekend telecom giant AT&T agreed to pay $85.4 billion for Time Warner, the entertainment conglomerate that owns HBO, CNN and Warner Bros. Time Warner jumped almost 8 percent Friday but remains far below the $107.50 a share AT&T agreed to pay.

Both presidential tickets have already expressed skepticism about the deal and it’s not clear if regulators will let the companies combine. The concern is that the combined company might favor its own media

TRADER Kevin Walsh works on the floor of the New York Stock Exchange, yesterday.

Stocks are opening higher on Wall Street as traders looked over a big batch of corporate deals. (AP Photo)

properties at the expense of those owned by rivals. In recent months the government has stepped in to stop a series of big deals, including two major health insurance mergers.

“Any deal is seen as reducing competition and unfair to the consumer,” said Cavanaugh, who said there can be major benefits to such deals.

For their part, investors also worried about the price AT&T is paying. The company, which bought DirecTV for $48.5 billion last year, already has about $117

billion in long-term debt.

AT&T fell 63 cents, or 1.7 percent, to $36.86 while Time Warner lost $2.74, or 3.1 percent, to $86.74.

Elsewhere, aviation electronics company Rockwell Collins agreed to buy commercial aircraft and business jet maker B/E Aerospace for $62 a share, or $6.4 billion in cash and stock.

B/E Aerospace climbed $8.28, or 16.4 percent, to $58.89 while Rockwell Collins gave up $5.25, or 6.2 percent, to $79.21.

Tech stocks have done very well over the last few

months and that could continue as more companies report their earnings. S&P Global Market Intelligence says analysts think earnings for tech companies will grow 6 percent in the third quarter. Overall earnings for companies in the S&P 500 index are expected to rise less than 1 percent.

Microsoft, which is trading at all-time highs after strong earnings last week, rose $1.34, or 2.2 percent, to $61. Alphabet picked up $11.68, or 1.4 percent, to $835.74 and Apple added $1.03 to $117.63.

POSITION:

CORPORATE ACCOUNTANT Clairmont Trust Company, an exclusive Mutli Family Office is looking for a Corporate Accountant.

The Role involves preparing and assisting with year - end financial statements, management accounts, reports, budgets and analysis of financial information for the Trust Company and its group companies.

As well as preparation of Central Bank and other Regulatory Reporting on a periodic basis.

Applicants should have: • Bachelors Degree in Accounting • Minimum of 5 years experience in Accounting with a Trust

Company or Multi-family office.

• Well-developed writing and communication skills • Fluency in English • High level of proficiency in the use of computers and approved

software applications including, Word, Excel, Outlook and NAV and Quick Books • Knowledge of legal, regulatory and industry requirements • Knowledge of business processes, standards, policies and procedures • Ability to read and understand financial statements, valuations and related forms of financial reporting • Ability to work well with others as a team Please respond by email to HR@Clairmonttrust.com or in writing to:

Managing Director Clairmont Trust Company Limited PO Box SP64284

PAGE 6, Tuesday, October 25, 2016

THE TRIBUNE

Obama administration confirms double-digit premium hikes WASHINGTON (AP) — Premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. That’s sure to stoke another “Obamacare” controversy days before a presidential election.

Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.

Moreover, about 1 in 5 consumers will only have plans from a single insurer to pick from, after major national carriers such as UnitedHealth Group, Humana and Aetna scaled back their roles.

“Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period,” said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.

Republicans pounced on the numbers as a warning that insurance markets created by the 2010 health overhaul are teetering toward a “death spiral.”

Sign-up season starts Nov. 1, about a week before national elections in which the GOP remains committed to a full repeal.

“It’s over for Obamac-

The HealthCare.gov 2017 web site home page as seen in Washington, yesterday. The Obama administration is confirming that premiums will go up sharply next year for health insurance sold to millions of consumers through HealthCare.gov. (AP Photo) are,” Republican presidential candidate Donald Trump said at a campaign rally Monday evening in Tampa, Florida.

Trump said his Democratic rival, Hillary Clinton, “wants to double down and make it more expensive and it’s not gonna work. ... Our country can’t afford it, you can’t afford it.” He promised his own plan would deliver “great health care at a fraction of the cost.”

The new numbers aren’t too surprising, said Sen. Orrin Hatch, R-Utah, who chairs a committee that oversees the law. It “does little to dispel the notion we are seeing the law implode at the expense of middleclass families.”

HHS essentially con-

firmed state-by-state reports that have been coming in for months. Window shopping for plans and premiums is already available through HealthCare.gov.

Administration officials are stressing that subsidies provided under the law, which are designed to rise alongside premiums, will insulate most customers from sticker shock.

They add that consumers who are willing to switch to cheaper plans will still be able to find bargains.

“Headline rates are generally rising faster than in previous years,” acknowledged HHS spokesman Kevin Griffis. But he added that for most consumers, “headline rates are not what they pay.”

The vast majority of the more than 10 million customers who purchase through HealthCare.gov and its state-run counterparts do receive generous financial assistance. “Enrollment is concentrated among very low-income individuals who receive significant government subsidies to reduce premiums and cost-sharing,” said Caroline Pearson of the consulting firm Avalere Health But an estimated 5 million to 7 million people are either not eligible for the income-based assistance, or they buy individual policies outside of the health law’s markets, where the subsidies are not available. The administration is

urging the latter group to check out HealthCare.gov.

The spike in premiums generally does not affect the employer-provided plans that cover most workers and their families.

In some states, the premium increases are striking.

In Arizona, unsubsidized premiums for a hypothetical 27-year-old buying a benchmark “second-lowest cost silver plan” will jump by 116 percent, from $196 to $422, according to the administration report.

But HHS said if that hypothetical consumer has a fairly modest income, making $25,000 a year, the subsidies would cover $280 of the new premium, and the consumer would pay $142.

Caveat: if the consumer is making $30,000 or $40,000 his or her subsidy would be significantly lower.

Dwindling choice is another issue.

The total number of HealthCare.gov insurers will drop from 232 this year to 167 in 2017, a loss of 28 percent. (Insurers are counted multiple times if they offer coverage in more than one state. So Aetna, for example, would count once in each state that it participated in.)

Switching insurers may not be simple for patients with chronic conditions.

While many carriers are offering a choice of plan designs, most use a single prescription formulary and physician network across all their products, explained Pearson. “So, enrollees may need to change doctors or drugs when they switch insurers,” she said.

Overall, it’s shaping up to

be the most difficult sign-up season since HealthCare. gov launched in 2013 and the computer system froze up.

Enrollment has been lower than initially projected, and insurers say patients turned out to be sicker than expected. Moreover, a complex internal system to help stabilize premiums has not worked as hoped for.

Nonetheless, Obama says the underlying structure of the law is sound, and current problems are only “growing pains.” The president has called for a government-sponsored “public option” insurance plan to compete with private companies.

Republicans, including Trump, are united in calling for complete repeal, but they have not spelled out how they would address the problems of the uninsured.

Clinton has proposed an array of fixes, including sweetening the law’s subsidies and allowing more people to qualify for financial assistance.

The law makes carrying health insurance a legal obligation for most people, and prohibits insurers for turning away the sick.

It offers subsidized private plans to people who don’t have coverage through their jobs, along with a state option to expand Medicaid for low-income people.

Largely as a result, the nation’s uninsured rate has dropped below 9 percent, a historically low level. More than 21 million people have gained coverage since the Affordable Care Act passed in 2010.

Global stocks up on strong Japanese, European data TOKYO (AP) — Stock markets had an upbeat start to the week after strongerthan-expected economic data from Japan and the eurozone. Attention is likely to focus this week on Friday’s release of U.S. growth data, as investors adapt to expectations the Federal Reserve will hike interest rates in December.

KEEPING SCORE: Germany’s DAX gained 0.9 percent to 10,808 and France’s CAC40 was up 0.8 percent to 4,572. The

FTSE 100 of Britain rose 0.2 percent to 7,031. U.S. shares looked set to rise, with Dow and S&P 500 futures up 0.4 percent.

JAPAN DATA: Japan posted a trade surplus of 498.3 billion yen ($4.8 billion) in September, compared with a deficit of 18.7 billion yen in August.

While exports fell 6.9 percent from a year earlier, pulled lower by anemic demand for autos and machinery, that was better than the forecasts for a decline

Legal Notice

NOTICE OMI Holdings Corporation In Voluntary liquidation

Notice is hereby given that in accordance with Section 138 (4) of the International Business Companies Act (No. 45 of 2000), OMI Holdings Corporation, has been dissolved and struck off the Register according to the Certificate of Dissolution issued by the Registrar General on the 18th day of October, 2016.

Mr. Joel Le Rouge P.O. Box 390, Bulle 1630 Fribourg, Switzerland Liquidator

watchdog called for stricter oversight of the real estate market and controls on risks related to industries with excess capacity and local government debts.

Japan’s Nikkei 225 rose 0.3 percent to 17,234.42. South Korea’s Kospi climbed 0.7 percent to 2,047.74 and India’s Sensex advanced 0.4 percent to 28,191.88. Australia’s S&P ASX 200 fell 0.4 percent to 5,408.50.

of more than 10 percent.

Meanwhile, a preliminary survey of factory managers showed a fifth straight month of improvement in manufacturing sentiment and the measure for output rose for the first time since January.

EUROZONE GROWTH: A separate survey, by IHS Markit, found that business activity in the 19-country eurozone grew in October at its fastest pace this year. The survey saw a rebound in Germany and found that orders and order backlogs were growing — a good sign for the months ahead.

LOOKING AHEAD: The U.S. growth figures due Friday for the JulySeptember quarter will no doubt be "the highlight of the week," Chris Weston of IG said in a commentary.

"Keep in mind that growth has averaged around 1

People walk by an electronic stock board of a securities firm in Tokyo, yesterday. Asian markets mostly rose Monday as Japan reported its trade balance swung to a surplus in September and strong Japanese manufacturing data from a purchasing manager's survey also suggested signs of improved activity in the world's third biggest economy. Attention is likely to focus this week on U.S. growth data. (AP Photo)

percent in the past three quarters, so a snap back to the consensus estimate of 2.5 percent would be welcomed."

ASIA’S

DAY:

The

PUBLIC NOTICE

Shanghai Composite index led gains, adding 1.2 percent to 3,128.25, while Hong Kong’s Hang Seng jumped 1 percent to 23,604.08.

They were bolstered by reports that China’s banking

ENERGY: Benchmark U.S. crude fell 53 cents to $50.32 a barrel in electronic trading on the New York Mercantile Exchange.

It rose 22 cents on Friday.

Brent crude, used to price international oils, shed 34 cents to $51.44 a barrel. It gained 40 cents Friday.

CURRENCIES: The dollar rose to 104.00 yen from 103.80 on Friday. The euro rose to $1.0894 from $1.0886.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that I, FRANTZ ALEXIS of #10 Meadow Lane, Nasssau, Bahamas intend to change my name to Alexander Malik. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas no later than thirty (30) days after the date of publication of this notice.

The Public is hereby advised that I, Deon Woodside of Penny Saving Bank Lane, Nasssau, Bahamas intend to change my name to Deon Burton Woodside. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas no later than thirty (30) days after the date of publication of this notice.

THE TRIBUNE

Tuesday, October 25, 2016, PAGE 7

Democratic presidential candidate Hillary Clinton, accompanied by Sen. Elizabeth Warren, DMass., smiles as they sit on stage at a rally at St. Anselm College in Manchester, N.H., yesterday.

(AP Photo)

Clinton, Warren: Campaign partners eying complicated future MANCHESTER, N.H. (AP) — Joining forces in the presidential campaign’s final stretch, Hillary Clinton and Sen. Elizabeth Warren pounded Donald Trump on Monday for disrespecting women and denigrating U.S. troops assisting Iraqis in their push to retake the city of Mosul.

“He’s basically declaring defeat before the battle has even started,” Clinton said, referring to Trump’s tweet on Sunday calling the new fight against the Islamic State group “a total disaster.” Clinton said her Republican rival is “proving to the world what it means to have an unqualified commander in chief.”

Warren, riffing off Trump’s insult to Clinton in the final debate, warned the businessman that “nasty women are tough, nasty women are smart and nasty women vote.”

The back-to-back assault on Trump underscored what has drawn Clinton to Warren, with whom she has little previous relationship. The Massachusetts senator has needled Trump with gusto throughout the campaign, often provoking a prickly response from the Republican. She’s also become a fierce defender of Clinton, validating the former secretary of state’s progressive credentials with those skeptical of Clinton’s long ties to Wall Street.

But if Clinton wins, Warren is expected to turn from cheerleader into watchdog — a towering presence in the Senate trying to hold Clinton to campaign promises on issues like student debt and Wall Street reform, while also guarding against nominees with deep ties to the financial industry.

Perhaps seeking to reassure Warren that she’ll hold her ground in office, Clinton praised the Massachusetts senator’s work on curbing Wall Street excess and said she looked forward to “working with her to rewrite the rules of our economy.”

Warren laid down her own marker, making sure to brand Clinton’s policy blueprint as a “progressive agenda.”

Clinton and Warren made their joint appear-

ance on a sun-splashed fall day in New Hampshire, a battleground state with one of the most competitive Senate races in the country.

Underscoring Democrats’ increasing confidence in the presidential race just over two weeks from Election Day, both women devoted significant portions of their remarks to bolstering the party’s down-ballot candidates.

If Clinton wins the election and Democrats also carry the Senate, she would have more leeway in getting through nominees for top jobs. Liberals with ties to Warren and Vermont Sen. Bernie Sanders — who challenged Clinton for the Democratic nomination — have already started outlining specific people they’re hoping end up in senior posts at the White House and agencies.

That includes Labor Secretary Tom Perez, a top liberal pick to run the Justice Department, where he previously oversaw the civil rights division; Gary Gensler, the Clinton campaign’s chief financial officer who won praise as a tough regulator at the Commodity Futures Trading Commission; former senators Byron Dorgan and Ted Kaufman; and economists Joseph Stiglitz, Christina Romer and Heather Boushey.

Speaking in Washington last month, Warren signaled her opposition to nominees from the financial industry who “pay lip service” to Clinton’s agenda while waiting “until it’s time for the next swing through the revolving door, serving government then going back to the very same industries they regulate.”

While Warren waited until after the Democratic primary was over to endorse Clinton, she has been pushing the former New York senator on personnel appointments for nearly two years. Months before Clinton formally announced her candidacy, the senator made sure she had a list of people she would support for top administration jobs.

In a January 2015 email, Clinton speechwriter Dan Schwerin wrote to other aides that Warren’s team was “wary” and convinced

that people with Wall Street connections had the “inside track” with the campaign, which was still forming at the time. Schwerin’s comments were made public as part of the hacking of top Clinton aide John Podesta’s emails. The Clinton campaign has blamed Russia for the hacking, accusing Moscow of trying to sway the election for Trump.

Warren has shown a willingness to challenge appointments from her own party’s president. She successfully fought to block President Barack Obama’s nomination of investment banker Antonio Weiss to be Treasury’s undersecretary of domestic finance, the department’s third-ranking post.

Under sustained pressure from Warren, Weiss withdrew from consideration in 2015. But he joined the agency anyway, as a counselor to Treasury Secretary Jacob Lew, a position that did not require Senate confirmation.

MARKET REPORT MONDAY, 24 OCTOBER 2016

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

BISX ALL SHARE INDEX: CLOSE 1,945.55 | CHG 0.12 | %CHG 0.01 | YTD 121.60 | YTD% 6.67 BISX LISTED & TRADED SECURITIES 52WK HI 4.25 17.43 9.09 3.50 4.70 0.18 8.30 8.50 6.10 10.60 15.50 2.72 1.60 5.80 9.00 11.00 8.40 6.90 12.25 11.00

52WK LOW 2.47 17.43 9.09 3.49 1.77 0.12 5.83 7.25 5.50 7.25 13.05 2.25 1.31 5.55 6.45 9.85 6.12 6.23 11.81 10.00

PREFERENCE SHARES 1000.00 1000.00 1000.00 1000.00

1000.00 1000.00 1000.00 1000.00

1.00 106.00 100.00 106.00 105.00 105.00 100.00 10.00 1.01

1.00 105.50 100.00 100.00 105.00 100.00 100.00 10.00 1.01

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

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

LAST CLOSE 4.06 15.85 9.09 3.50 1.96 0.12 6.47 8.50 5.83 10.34 13.99 2.15 1.53 5.80 8.78 10.95 8.40 6.61 11.93 10.00

CLOSE 4.06 15.85 9.09 3.50 1.96 0.12 6.47 8.50 5.83 10.34 13.99 2.18 1.55 5.80 8.78 10.95 8.40 6.61 11.93 10.00

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB

1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.00 100.00 100.00 100.00 10.00 1.01

1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.11 100.00 100.00 100.00 10.00 1.01

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

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

SYMBOL FBB17 FBB18 FBB22

LAST SALE 100.00 100.00 100.00

CLOSE 100.00 100.00 100.00

CHANGE 0.00 0.00 0.00

Bahamas Note 6.95 (2029) BGS: 2014-12-3Y BGS: 2015-1-3Y BGS: 2014-12-5Y BGS: 2015-1-5Y BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-3Y BGS: 2015-6-5Y BGS: 2015-6-7Y BGS: 2015-6-30Y

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

115.19 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

115.20 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Commonwealth Bank Class E Commonwealth Bank Class J Commonwealth Bank Class K Commonwealth Bank Class L Commonwealth Bank Class M Commonwealth Bank Class N Fidelity Bank Class A Focol Class B

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

52WK LOW 100.00 100.00 100.00

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

113.70 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

VOLUME

3,500

VOLUME

EPS$ 0.304 1.351 1.086 0.220 -1.134 0.000 0.185 0.551 0.508 0.541 0.528 0.094 0.166 0.510 0.612 0.960 0.650 0.703 0.756 0.000

DIV$ 0.090 1.000 0.000 0.160 0.000 0.000 0.187 0.260 0.200 0.360 0.610 0.060 0.040 0.240 0.275 0.000 0.280 0.120 0.640 0.000

P/E 13.4 11.7 8.4 15.9 N/M N/M 35.0 15.4 11.5 19.1 26.5 23.2 9.3 11.4 14.3 11.4 12.9 9.4 15.8 0.0

YIELD 2.22% 6.31% 0.00% 4.57% 0.00% 0.00% 2.89% 3.06% 3.43% 3.48% 4.36% 2.75% 2.58% 4.14% 3.13% 0.00% 3.33% 1.82% 5.36% 0.00%

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

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

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

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

INTEREST 7.00% 6.00% Prime + 1.75%

MATURITY 19-Oct-2017 31-May-2018 19-Oct-2022

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

20-Nov-2029 15-Dec-2017 30-Jul-2018 16-Dec-2019 30-Jul-2020 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2018 26-Jun-2020 26-Jun-2022 26-Jun-2045

MUTUAL FUNDS 52WK HI 1.99 3.90 1.92 167.58 138.35 1.45 1.67 1.55 1.09 6.94 8.65 5.92 9.94 11.15 10.46

52WK LOW 1.67 3.04 1.68 164.74 116.70 1.39 1.60 1.50 1.03 6.41 7.62 5.66 8.65 10.54 9.57

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

NAV 1.99 3.90 1.92 167.58 136.68 1.45 1.67 1.55 1.09 6.94 8.65 5.92 9.59 11.15 9.57

YTD% 12 MTH% 2.33% 4.05% 3.34% 6.09% 1.63% 2.99% 3.41% 5.18% 2.95% -0.58% 2.51% 3.84% 2.48% 4.47% 2.20% 3.79% 5.03% 3.89% 4.05% 8.28% 5.93% 13.53% 2.73% 4.73% 3.97% -3.53% 2.96% 4.33% -4.26% -6.22%

NAV Date 31-Jul-2016 31-Jul-2016 27-Jul-2016 30-Jun-2016 30-Jun-2016 31-Aug-2016 31-Aug-2016 31-Aug-2016 31-Aug-2016 31-Jul-2016 31-Jul-2016 31-Jul-2016 31-Jul-2016 31-Jul-2016 31-Jul-2016

MARKET TERMS

WHERE HIT MUSIC LIVES W W W .

1 0 0 J A M Z

. C O M

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THE TRIBUNE

Tuesday, October 25, 2016, PAGE 9

bo dy an d m in d

Bereaved parents honour their

lost children

By ALESHA CADET

Tribune Features Reporter

acadet@tribunemedia.net

T

he light from dozens of candles lit up Saunders Beach on Saturday evening as bereaved parents came out to honour the children they have lost.

The candlelight vigil and balloon release event was organised by the Tears Foundation – Bahamas Project, a branch of the Washington-based Tears Foundation which seeks to assist parents who have experienced miscarriages, stillbirths or infant deaths.

The event also coincided with October being observed as National Pregnancy and Infant Loss Awareness Month.

Tia Armbrister launched the Tears Foundation – Bahamas Project last August with the assistance of Sarah Slack, the organisation’s founder.

The non-profit organisation’s goal is to break the silence surrounding the important issue of pregnancy and infant loss and give a voice to bereaved families.

The additional objective on Saturday was to also officially introduce the Bahamas Project, letting affected persons know that there is help, there is support, and that they are all in this together.

“Like an ‘I’m coming out’ moment, this event was a ‘We

New support group celebrates official launch with candlelight vigil

are here’ moment to let bereaved families and the public know that such losses should not go silent, rather there is a strong support group that is right on their little island to assist and honour memories. You would have also gotten a chance to become more acquainted with our team,” said Mrs Armbrister.

It was after experiencing the painful ordeal of a stillbirth on April 12, 2012, that Mrs Armbrister said she became acquainted with the numerous individuals and foundations that helped with her with coping process and ultimately inspired her to start the Bahamas Project.

“After eight months of bonding, playing with, talking to and waiting to hold her, the unexpected happened – I lost my daughter, Tianna-Marie Outten, through the night. Though numbing, the support I received from the hospital’s team in Orlando, Florida, was phenomenal. They overwhelmed me with love and tiny little memoirs of my angel,” she said.

Not only was she amazed to see how many others shared her traumatic experience, but also

to meet so many persons who were willing to offer support. It warmed her heart, she said.

“Sadly, when I returned home and spoke to a few persons who had also lost their babies the experience was completely different. I could not imagine not having the support I did. Immediately, I knew I had to make a difference. Although there were very little resources within the hospitals here in the Bahamas for the parents or even relatives affected by stillbirth, I did not let this discourage me. I immediately reached out to a few of the stillbirth foundations, and after an extensive year I was granted authorisation to lead the Bahamas’ team,” she told Tribune Health.

Mrs Armbrister said many of the members and volunteers at the Tears Foundation have experienced the loss of a child or have been closely affected through a family member or a friend, and

“Too many families grieve in silence, sometimes never coming to terms with the loss...Our goal is to have representation in every hospital, doctor’s office, psychologist’s, psychiatrist’s office and counsellor’s office.”

these persons are inspired to give back in this way to support newly bereaved parents in their time of devastating sorrow.

“The bond I formed over the time spent with my baby is one that I will never forget, so there was no way that I can just let her memory expire, I had to become actively involved. It is important to me because I believe that every baby’s life deserves to be honoured. The importance of highlighting a baby’s life and memory after a stillbirth not only brings closure to parents, but also fills the gap of not having the actual baby to take home.

The little pieces of memories I received continue to make a huge difference and assist with healing. Therefore, I would like to introduce a comprehensive bereavement care in the form of grief support groups and couple companions,” she said.

Reflecting on Saturday’s candlelight vigil, Mrs Armbrister said she was most excited about the balloon release where mothers honoured their children by releasing balloons across the ocean with their names on them.

“As we build this new foundation it is very important that we bring awareness as well as welcome persons to become a part of such a dynamic foundation at the perfect time, which is now, during Pregnancy and Infancy Loss Month,” she said.

Mrs Armbrister believes pregnancy and infant loss here in the

Bahamas is not given the attention it deserves, and it is time for the silence to finally be broken.

“Too many families grieve in silence, sometimes never coming to terms with the loss. I would also like to place emphasis as a living testimony that parents and families can never get over a loss, rather, through a long healing process, learn to live with it,” she said.

The Tears Foundation – Bahamas Project would like to start the conversation nationally and educate the public about miscarriages, stillbirths and Sudden Infant Death Syndrome (SIDS) by providing counselling and bereavement support to families, and ultimately provide financial support and care baskets (memories of the baby), to grieving parents.

“Our goal is to have representation in every hospital, doctor’s office, psychologist’s, psychiatrist’s office and counsellor’s office. We want persons to know that we are with them in their time of need – just a phone call away,” said Mrs Armbrister.

“We are currently hosting monthly meetings, every last Tuesday of the month, at various locations. For the remainder of the year there is an event that we are planning to host in December which is an intimate Sip and Paint event. More information to come very soon.”

Two experts join the Miami Cancer Institute to advance cutting edge cancer therapy Drs Marcio Fagundes and Michael Chuong have joined the Miami Cancer Institute at Baptist Health South Florida’s unique and integrated Radiation Oncology Department, which will offer both standard photon therapy and, beginning in 2017, the region’s first proton therapy centre.

Dr Fagundes will serve as the department’s medical director and vice chair, and Dr Chuong as lead physician for proton therapy – a highly advanced form of radiation technology that targets cancer cells with pencil-beam scanning precision while sparing the surrounding healthy tissue.

The physicians, both experts in the two forms of radiation, will work alongside internationally renowned radiation oncologist Dr Minesh Mehta, Miami Cancer Institute’s deputy director and chief of Radiation Oncology, to provide innovative cancer care and conduct clinical trials designed to help find new and innovative ways to treat cancer with radiation therapy.

“The addition of Drs Fagundes and Chuong to Miami Cancer Institute is another critical step for us as we position ourselves as the region’s

top destination for leadingedge radiation treatment,” said Dr Michael J Zinner, founding CEO and executive medical director of Miami Cancer Institute.

“Thanks to the pinpoint accuracy of pencil-beam scanning, our newest experts will utilise proton therapy to treat some of the most challenging tumours we’ll see, offering more patients in this region access to a precise form of radiation treatment with reduced risk of side effects.”

Dr Fagundes is Boardcertified in radiation oncology and has extensive experience in proton therapy.

He has conducted significant research and presented research results showing the advantages of proton therapy for prostate cancer, breast cancer and head and neck cancer at numerous meetings of the Particle Therapy Co-Operative Group and the American Society of Therapeutic Radiation Oncologists.

He also has published dozens of articles in peerreviewed journals, including the Journal of Clinical Oncology, the International Journal of Particle Therapy and the International Journal of Radiation Oncology. Before joining Miami Cancer Institute, Dr Fagundes was medi-

cal director of the Provision Centre for Proton Therapy in Knoxville, Tennessee.

Dr Chuong is Board-certified in radiation oncology.

As a faculty member at the Maryland Proton Treatment Centre, he developed clinical practice guidelines for using proton therapy across disease sites. His clinical specialty and research focus is on the use of radiation therapy to treat gastrointestinal cancers and lymphomas.

Dr Chuong has received numerous awards for his work, including the Conquer Cancer Foundation Merit Award from the American Society of Clinical Medicine and the Clinical Research Award from the Moffitt Cancer Center Research Symposium.

Before joining Miami Cancer Institute, he was an assistant professor of radiation oncology at the University of Maryland School of Medicine in Baltimore.

Miami Cancer Institute will begin to move into its new, $430 million state-of-the-art facility on the Baptist Hospital of Miami campus early next year. Opening day for patient care is planned for January 16, 2017.

Dr. Michael Chuong

Dr. Marcio Fagundes

PAGE 10, Tuesday, October 25, 2016

THE TRIBUNE

A healthy sleeping position for your back: lie on your side with pillow between your legs

Tips to keep your back healthy Back problems don’t develop overnight. Although you may suddenly begin to feel the effects of a back injury or instability, it may have been building up for years.

Back injury can be caused by a car accident, fall, etcetera, or it can also develop from poor habits done repetitively over time. Some good habits to prevent injury are:

Doctor of Chiropractic

1. Bend your knees to lift heavy objects. The strongest muscle groups in your body are in your legs. Use them, not your back muscles. Back muscles are for keeping you standing up straight, not for lifting weight.

2. Avoid bending from your waist only, especially when coupled with rotation. Bending over and twisting makes your discs most vulnerable to injury.

3. Make sure you have firm support for your back, with your knees higher than you hips while sitting. This insures more stability to your lumbar spine (low back).

If needed, put a phone book or a stool under your feet to make your knees higher.

4. Women, keep your purses off your shoulders. Carry them under your arm like a clutch. Men, keep your wallets out of your back

Bend your knees to lift heavy objects.

Dr Susan Donald pocket. Carry them or put them in your front pocket.

5. If you have to do prolonged standing, raise one leg higher than the other and alternate legs.

Again, a phone book or stool may be used.

6. Women should you wear shoes with a low to moderate heel.

Higher heels can create more stress to the low back.

7. Avoid sleeping on your stomach, it changes the natural curves your spine should have. It’s best to sleep on your side with one

pillow under your head and one between your knees, with your knees slightly bent, or on your back with a pillow under your knees and your knees slightly bent.

8. Avoid sudden twisting movements, especially in awkward positions, for example, reaching for something in the cabinet, the car back seat etcetera. It’s worth the extra couple of seconds to do it correctly.

What are you aiming for?

Every archer recognises the need to identify the target long before sending forth his arrow.

No airplane leaves the runway without having a flight plan of its destination. Having an aim is the most potent ingredient in any life empowerment strategy. Do you know what you are aiming for?

Everything that you do or fail to do depends on what you are aiming for. Without an aim your life becomes like piece driftwood on the open seas.

Philosophical author James Allen said: “Aimlessness is a vice, and such drifting must not continue for him who would steer clear of catastrophe and destruction.”

There is no question that life, if it is to be lived fully, must be directed with a bold sense of purpose. At the same time, even if you don’t choose were you want to go, you will end up somewhere.

Michelle Miller Motivationals

Michelle M Miller “Ending up” somewhere they didn’t intend to is where many folks find themselves.

Living an empowered life re-

9. Be sure to stretch before and after exercising. You want to bring blood to the muscles to warm them up and to take away lactic acid (a metabolic waste product from muscle use).

10. Avoid bouncing when stretching. Do a slow, continuous stretch. Bouncing can injure your ligaments.

Make sure you’re doing your

best to take care of your spine. It houses the most important system in your body – the nervous system.

• Dr Susan Donald specialises in specific chiropractic adjustments, soft tissue and deep tissue release, craniosacral therapy, myofascial release and core distortion patterns. She can be reached at the Life Chiropractic Centre on Village Road. Call 393-2085.

quires that you have an aim. Nobody just ends up being empowered. Empowerment is the result of deliberate intention. It comes from taking specific action one step at a time.

Life is movement. Everything moves, and your life literally moves when you move. It follows the rhythm and flow of your attention.

If you choose to give your attention to destructive thoughts and habits, for example the excessive use of alcohol, then you will find ways to bring more alcohol into your experience.

Your life becomes a reflection of all that you give your attention.

You see, you are the archer in your own life. This means you set the target, you take the aim and you release the arrows of your attention.

Recognise this – you will live

the result of whatever your arrows hit, whether you really want it or not. For this reason, you must pay attention to what you are aiming for and aim for those things that empowers your life.

Sadly, many live a life of aimlessness, drifting from one bad experience to the next. You can bet your bottom dollar that drifting is not the mark of living empowered.

Empowerment is about confidence within. This means you are moving with a strong sense of self and a clear understanding of what you want for your life.

Work on knowing who you really are. When you better know who you are you can better determine what you really want.

As you move through life, you have a choice – drift aimlessly or drive confidently.

When I’m driving on major interstates like the I-95 in the US, I know I have to drive with confidence. With so many lanes and hundreds of vehicles moving at crazy speeds, this is no place to drift aimlessly. In fact, doing so

could be fatal. Similar to the I-95 your life requires the same kind of intention.

Drifting leads to doubt. Doubt leads to distrust. Distrust leads to fear. Fear leads to aimlessness. To aim is to aspire, to set your mark and to move with intention. If you aim at nothing you will hit it with amazing accuracy.

Leader to leader, you are the chief archer in your life. Clarify what you are aiming and set a plan for getting what you want for your life. By setting a higher aim you move with more confidence and intention. These are healthy habits for living an empowered life.

Yes, you can do it!

What do you think?

Please send your comments to coaching242@yahoo.com or call 429-6770.

Performing these exercises in a controlled environment under the supervision of a health care professional is advised to avoid any complications.

For cancer survivors learning to manage the negative side effects of cancer treatment is essential.

The correct balance between exercise and rest must be established. It is a common misconception that rest and sleep should be what a cancer survivor spends the majority of time doing once diagnosed. However, research tells a different story. Moderate intensi-

ty exercise in most cases has been proven to reduce negative side effects associated with cancer treatment.

Physiotherapy can help to restore strength, range of motion, reduce cancer-related fatigue and other symptoms.

Returning a cancer survivor to their prior level of function can improve quality of life. There is strong support by research that exercise gives relief from nausea, diarrhea, pain and improves appetite and possibly cognition.

It is important that all cancer

survivors realise they do not have to live their lives with limitations.

Take action. Life can be full of the things that survivors love to do again, even if it’s the simple things.

• Michelle M Miller is a certified life coach, communication and leadership expert. Visit www. michellemmiller.com; mail can be sent to PO Box CB-13060.

Breast cancer rehabilitation In the course of a day we perform many different actions without even a second thought. We groom our hair, scratch our backs and reach into overhead cupboards for items.

But what if a seemingly simple task to most women, such as fastening a bra strap, was not possible?

What a disruption to “the norm” this would be!

Many people are living with these impairments for different reasons. Among them, shoulder surgeries, torn ligaments and/or muscles and frozen shoulders. In breast cancer survivors, mastectomy and reduced mobility following this surgery can be the culprit.

Breast cancer rehabilitation is for any breast cancer survivor that has any lasting impairment following a breast cancer diagnosis.

This may include but is not limited to cancer related fatigue, nausea, sarcopenia (reduced muscle mass), lymphedema and reduced range of motion or movement, particularly to the shoulder.

Post-mastectomy, many survivors are instructed not to move their arms above a certain level, to protect the surgical site. Often they are unsure and apprehensive about when they can begin normal movement again. This can eventually result in inability to move the shoulder normally on the involved side, as lack of movement can cause stiffness.

Breast cancer rehab consists

Physiotherapist

Dr Felicia Adderley of a specific set of exercises that are safe to begin as early as 24-48 hours following mastectomy, once the survivor is cleared by their surgeon.

After being discharged from the hospital, the cancer survivor may then begin the breast cancer rehabilitation program as an outpatient.

The programme consists of three phases that the cancer survivor should progress through steadily until they are back to prior level of function or as close to this as possible.

The breast cancer recovery programme includes stretching, manual therapy, range of motion exercises, strengthening as needed and relaxation techniques.

• For further information or queries contact Dr Felicia Adderley at Adderley Physiotherapy, 8th Terrace Centreville at 326-3052, e-mail adderleypt@gmail.com, or visit Felicia Adderley PT, DPT, CKTP on Facebook for more information.

THE TRIBUNE

Tuesday, October 25, 2016, PAGE 11

Happy Fall, ya’ll!

There are a several times in the year that make me super excited. And if you’re anything like me, you may concur with these dates. Naturally, we’ll start by mentioning the beginning of the year, just before Easter; the start of summer when it’s not extremely hot, but the breeze lets you know it’s beach time, and right now, as we approach Christmas; in the fall season when there’s a cooler breeze and can almost smell the cinnamon in the air.

This is my fun season. Christmas will sneak up faster than you think. Can you believe there’s only 67 days left in 2016?

Since this weekend is Halloween, I thought you might like a few Halloween must-dos:

• Watch a Halloween movie Many networks have launched their lineup for Halloween, which often include the regular shows with an extra Halloween flare and classic Halloween films. If you’ve had a peek at the Food Network recently, you might have noticed

Bun In The Oven

• Prepare your treat bags You don’t really have to do this one, but if you’re looking to kick it up a notch or two, consider doing treat bags for your kid’s class.

There are a ton of quick and easy snack recipes that you can whip up and send to school. The kids really appreciate it! I’ve posted a few ideas and recipes on the blog, so be sure to check it out.

• Ditch the candy routine

Bianca Carter that most of their stars are showing their Halloween recipes.

And I can’t get through the Halloween season without watching a few of my favourite seasonal movies – “Hocus Pocus”, “The Addams Family”, and “The Rocky Horror Picture Show”. It just doesn’t feel like Halloween without a good scary movie.

I’ve ditched the traditional candy-giving routine and replaced it with something a bit different.

Last year, I gave fun flavours and colours of popcorn, and the year before I made a Halloween treat mix similar to the Chex Mix you can get in the store.

needs permission to do things, here’s your permission slip! Do it, it’s so much fun.

The kids really like watching the parents dress up. You don’t have to go all out if you don’t want to; just add a little something festive. I’ve been a bat or “Bat Girl” as I call it for the past two years. I wear all black and add a headband – super simple! I quite like the “KISS” method for pretty much everything as well.

Happy Halloween!

• Dress up You’re never too old for Halloween. I know there are probably a few of you that want to dress up but have talked yourself out of it, so if you’re the type of person that

• Bianca Carter is a certified lactation counsellor (CLC) and founder of Bun in the Oven.

For more information, e-mail her at info@ babybunintheoven. com. Follow BITO on Facebook at babybunintheoven, and check out the BITO Blog every Monday and Thursday at http://babybunintheoven.com.

THe WeaTHer repOrT

5-Day Forecast

TOday

OrlandO

High: 83° F/28° C low: 66° F/19° C

Tampa

TOnIGHT

Wednesday

THursday

FrIday

saTurday

Partly sunny, a shower; breezy

Partly cloudy with a shower; breezy

Clouds and sun with a shower; windy

Windy with a t‑storm in the area

Partly sunny, a t‑storm in spots

Partly sunny, a t‑storm in spots

High: 84°

Low: 73°

High: 84° Low: 72°

High: 84° Low: 74°

High: 84° Low: 74°

High: 85° Low: 74°

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

86° F

70° F

86°-72° F

87°-74° F

89°-72° F

91°-77° F

High: 84° F/29° C low: 67° F/19° C

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

almanac

E

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aBaCO

S

N

High: 80° F/27° C low: 75° F/24° C

10‑20 knots

S

WesT palm BeaCH High: 83° F/28° C low: 75° F/24° C

8‑16 knots

FT. lauderdale E

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FreepOrT

High: 83° F/28° C low: 76° F/24° C

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High: 83° F/28° C low: 73° F/23° C

mIamI

High: 84° F/29° C low: 75° F/24° C

8‑16 knots

Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 81° F/27° C Low .................................................... 75° F/24° C Normal high ....................................... 84° F/29° C Normal low ........................................ 72° F/22° C Last year’s high ................................. 87° F/31° C Last year’s low ................................... 75° F/24° C Precipitation As of 2 p.m. yesterday ................................. 0.00” Year to date ............................................... 47.67” Normal year to date ................................... 34.12”

eleuTHera

nassau

High: 84° F/29° C low: 73° F/23° C

Forecasts and graphics provided by AccuWeather, Inc. ©2016

High: 82° F/28° C low: 76° F/24° C

N

Key WesT

High: 84° F/29° C low: 76° F/24° C

E

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10‑20 knots

S

12‑25 knots

High Today

Ht.(ft.)

Low

Ht.(ft.)

4:37 a.m.

4:58 p.m.

2.8 3.0

10:49 a.m. 0.7 11:22 p.m. 0.5

Wednesday 5:31 a.m.

5:49 p.m.

2.9 2.9

11:45 a.m. 0.7 ‑‑‑‑‑ ‑‑‑‑‑

Thursday

6:19 a.m.

6:34 p.m.

3.0 2.9

12:08 a.m. 0.5 12:34 p.m. 0.6

Friday

7:01 a.m.

7:15 p.m.

3.1 2.9

12:49 a.m. 0.4 1:18 p.m. 0.5

Saturday

7:39 a.m.

7:53 p.m.

3.1 2.8

1:27 a.m.

1:58 p.m.

0.3 0.4

Sunday

8:16 a.m.

8:30 p.m.

3.2 2.8

2:03 a.m.

2:37 p.m.

0.3 0.4

Monday

8:52 a.m.

9:07 p.m.

3.2 2.7

2:37 a.m.

3:15 p.m.

0.3 0.4

sun anD moon Sunrise Sunset

7:13 a.m.

6:34 p.m.

Moonrise Moonset

2:49 a.m.

3:46 p.m.

new

First

Full

last

Oct. 30

nov. 7

nov. 14

nov. 21

andrOs

san salVadOr

GreaT eXuma

High: 83° F/28° C low: 77° F/25° C

High: 83° F/28° C low: 78° F/26° C

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High: 84° F/29° C low: 76° F/24° C

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insurance management tracking map H

tiDes For nassau

High: 85° F/29° C low: 67° F/19° C

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

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

CaT Island

E

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uV inDex toDay

High: 86° F/30° C low: 69° F/21° C

12‑25 knots

mayaGuana High: 85° F/29° C low: 78° F/26° C

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

CrOOKed Island / aCKlIns raGGed Island High: 86° F/30° C low: 70° F/21° C

High: 84° F/29° C low: 79° F/26° C

GreaT InaGua High: 85° F/29° C low: 73° F/23° C

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marine Forecast aBaCO andrOs CaT Island CrOOKed Island eleuTHera FreepOrT GreaT eXuma GreaT InaGua lOnG Island mayaGuana nassau raGGed Island san salVadOr

Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday: Today: Wednesday:

WINDS NE at 8‑16 Knots ENE at 12‑25 Knots NE at 10‑20 Knots ENE at 10‑20 Knots NE at 12‑25 Knots ENE at 15‑25 Knots NE at 8‑16 Knots NE at 12‑25 Knots NE at 12‑25 Knots ENE at 15‑25 Knots NE at 8‑16 Knots ENE at 12‑25 Knots NE at 12‑25 Knots ENE at 15‑25 Knots NE at 12‑25 Knots ENE at 15‑25 Knots ENE at 10‑20 Knots ENE at 15‑25 Knots NE at 12‑25 Knots ENE at 15‑25 Knots NE at 12‑25 Knots ENE at 15‑25 Knots NE at 10‑20 Knots ENE at 20‑30 Knots NE at 12‑25 Knots ENE at 15‑25 Knots

WAVES 3‑5 Feet 6‑10 Feet 2‑4 Feet 2‑4 Feet 4‑7 Feet 5‑9 Feet 4‑7 Feet 5‑9 Feet 4‑7 Feet 5‑9 Feet 2‑4 Feet 4‑7 Feet 2‑4 Feet 2‑4 Feet 4‑7 Feet 5‑9 Feet 2‑4 Feet 3‑6 Feet 5‑9 Feet 6‑10 Feet 2‑4 Feet 3‑5 Feet 3‑5 Feet 4‑7 Feet 3‑5 Feet 3‑6 Feet

VISIBILITY 10 Miles 8 Miles 8 Miles 8 Miles 8 Miles 8 Miles 7 Miles 7 Miles 8 Miles 8 Miles 10 Miles 8 Miles 8 Miles 8 Miles 7 Miles 7 Miles 8 Miles 8 Miles 7 Miles 7 Miles 8 Miles 8 Miles 8 Miles 8 Miles 8 Miles 8 Miles

WATER TEMPS. 78° F 77° F 82° F 81° F 81° F 81° F 84° F 83° F 84° F 83° F 80° F 80° F 82° F 81° F 84° F 84° F 82° F 81° F 84° F 84° F 83° F 83° F 81° F 82° F 80° F 81° F

SECTION B

TUESDAY, OCTOBER 25, 2016

Bahamian women encouraged to “Check It to Catch It”

By JEFFARAH GIBSON Tribune Features Writer jgibson@tribunemedia.net

W

ith the firm belief that early detection can save lives, a local foundation is doing its share to ensure women are educated about breast cancer and take a proactive approach to their health.

The Island Luck Cares Foundation has partnered with the Fourth Terrace Diagnostic Centre Centreville to launch “Check It to Catch It”, a free mammogram screening campaign for all of its Island Luck female card-carrying members through the month of October until November 31.

The aim of this initiative is to make mammogram screening accessible to as many women as possible. The foundation hopes that by reaching out to its 70,000 strong customer base, more people will be made aware and get tested early, which can potentially lower breast cancer related deaths among Bahamian women.

During a press conference held last Thursday to announce the programme’s launch, Island Luck CEO Sebas Bastian said this cause is extremely important to him given that he lost is father to cancer several years ago.

“So I know the importance of early detection. Had my father been scanned at an early stage he would have probably been here today. This was one of the driving forces for us coming on board with his initiative because he who sees it knows it,” said Mr Bastian.

“You never know the importance of a thing until it hits home. The ‘Check It to Catch It’ initiative is going to go a long way with our large customer base to make them aware.”

Dr Elizabeth Darville, of the Fourth Terrace Diagnostic Centre, said all women who

IL Cares Foundation launches free mammogram initiative are at the appropriate age to be screened should take advantage of the “Check It to Catch It” programme.

“It is very important for people to get tested before you find something so that you would be in the category of women who can be cured rather than in the category of women who we can only help for a little while. So we are talking to people who are healthy, who don’t know anything is wrong, who are fine.

These are the people who need to get tested. We would just like everyone to come leaving with a peace of mind that nothing is wrong,” she said.

Dr Darville said many Bahamian women have the BRCA gene that increases the risk of breast cancer by 65 per cent, which is all the more reason for women to get tested.

“Testing for the BRCA gene is very expensive and so everyone isn’t able to get tested. But everyone is able to get a mammogram. Some women need a mammogram and an ultrasound, while some women only need an mammogram,” she said.

“Mammograms should be done at age 35, but if you feel something is wrong before you are 35 then you should go to a doctor have your breast examined and then have a breast study done. Your breast study would begin with an ultrasound.

So I would encourage everyone to take advantage of this opportunity that Island Luck Cares is providing and I am encouraging that.”

Women who have not reached the appropriate age to have a

The Island Luck Cares Foundation is parterning with the Fourth Terrace Diagnostic Centre to offer free mammograms to all it’s female card-carrying members.

“Had my father been scanned at an early stage he would have probably been here today...The ‘Check It to Catch It’ initiative is going to go a long way with our large customer base to make them aware.”

- Island Luck CEO Sebas Bastian

mammogram, she said, should conduct their breast self-examinations at home.

“Breast cancer detection begins with you. You know when nothing is wrong and you know when something is wrong.

Whether you think that something is wrong or not, you should begin your self-examination in your mid-20s,” said Dr Darville.

“It is best to do it in the shower.

It is best to have someone show you how to do it, but even if you don’t know how to do it, you know your own body, so just feel. And if there is something that wasn’t there before, you will know. Most people at that age would have a cyst that comes and goes, lumps that come and go, so you have to be aware that if this month you find something, check and see if it is there next month.”

The Fourth Terrace Diagnostic Centre is open Monday to Friday, from 8.30pm to 5pm, and on Saturday from 9pm to 12pm.

Nikki Jae lives the ‘FAB’ life

By ALESHA CADET

Tribune Features Reporter

acadet@tribunemedia.net

Thanks to the worldwide web, access to the world of art, media and entertainment has never been made easier. Whatever your forte, you simply have choose the right platform for your creative ideas.

And that is exactly what 24-year-old Vernique Henfield did when she launched her fashion and lifestyle blog under the name of “Nikki Jae”.

The blog, which she calls the FAB Isle, was started in February and currently offers collaboration opportunities, a short hair lookbook, advertisement space, and in the near future she also hopes to have an on-

line store.

“I’ve been in the field for less than a year and I enjoy every minute of it,” said Nikki Jae. “The arts and entertainment field allows my outgoing, sociable personality to shine, whether it’s through covering an entertainment event or a blog

post. The field is one without borders; it provides a creative space for individuals to express themselves.

Those are the main factors that contribute to my admiration of the field.”

Although Nikki Jae has enjoyed working as an accountant for the past three years, she said there was always a part of her that yearned to look beyond the office cubicle.

“I decided to highlight topics that I personally enjoy, showcase my interviews and create an avenue for others to enjoy content. My overall goal for the blog is to reach viewers beyond the borders of the Bahamas and partner with global brands. I am very optimistic about the future of the blog.

I foresee greater things to

come,” she said.

Nikki Jae said she is grateful for the positive feedback she has received so far, especially for her “FAB Cuts Only” section and her style inspirations.

Future plans include working tirelessly on producing relevant, timely content for viewers, she said.

“I intend to continue the recently released feature of ‘FAB Women’, which is an effort to encourage empowerment of women, partner with local organisations to highlight events, and provide content in an engaging, creative manner,” she said.

Beyond her working on her blog, Nikki Jae was recently named as the new host of the local TV show “The Click”. She said viewers can expect pure en-

tertainment and fun with episodes that take you on a journey documenting the country’s top events, funfilled activities and interviews with the who’s who around town.

“My career move as a new host of ‘The Click’ was a door that opened without me knocking on it. The opportunity awakened itself

and I couldn’t resist. Why would I? I was already going around town at events, hosting interviews and/or highlighting the events via the FAB Isle. ‘The Click’ was the perfect opportunity to do what I love on another platform,” said Nikki Jae.