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Jamaican firm ‘Within the ball park’: takes 60% of Govt debt near $9bn food distributor

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

HE government’s first quarter fiscal outturn was “within the ball park” of projections, the deputy prime minister said last night, as $692m in net borrowing drove its direct debt to almost $8.9bn. K Peter Turnquest told Tribune Business its financial performance for the three months to end-September had not deviated too far from the May budget forecasts, although he conceded that revenue was “a little behind” and spending

• Q1 deficit rises almost seven-fold to hit $336.3m • DPM: ‘We’re working hard’ to avoid more borrowing • VAT revenues almost cut in half with $131m fall-off

K PETER TURNQUEST

“a little ahead” of those predictions. While he lacked access to the actual figures due to being in 14-day quarantine, Mr Turnquest said the Ministry of Finance was “very carefully” managing a government debt portfolio that will have been increased by a further $352m following the quarter’s end due to the net proceeds from the recent $600m foreign currency bond issue.

He spoke out after the government’s “fiscal snapshot” for the 2020-2021 first quarter, released late yesterday, laid bare how COVID-19 is ravaging the public finances, as well as those of private companies and Bahamian households. The report disclosed that the government’s direct debt had jumped by almost $1.3bn or 21 percentage points year-over-year,

SEE PAGE 4

COVID ‘confusion’ hurts Sandals’ Bahamas return

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net SANDALS chief executive yesterday warned “not to hold on to” the February 1, 2021, re-opening date for its Bahamian resorts with this nation’s COVID restrictions creating “confusion in the market”. Adam Stewart, group chief for Sandals Resorts International, told the Exuma Business Outlook webinar that the situation surrounding the return of its Royal Bahamian and Emerald Bay properties was changing “week to week” due to multiple factors. Voicing optimism that traveller demand will “accelerate” once past next week’s US presidential election, Mr Stewart indicated that forward bookings were just one consideration for

• Resort chief: Lack of certainty compared to rivals • Warns Bahamians ‘don’t hold to’ February 1 open • Hopeful demand ‘accelerates’ post-US election

ADAM STEWART Sandals when evaluating whether to re-open its Bahamian hotels. The resort chain has opened in every other Caribbean nation bar The Bahamas, but the Sandals chief said this did not mean it had “fallen out of love” with the country. He

Govt exhausted $14m COVID food budget in three months By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE government exhausted the $13.9m budget it had provided to feed hungry Bahamians for the full 2020-2021 fiscal year within just three months, it was revealed yesterday. K Peter Turnquest, deputy prime minister, confirmed the disclosure contained in the “fiscal snapshot” report for the three months to endSeptember 2020, and acknowledged this has forced the government to repurpose scarce funds from elsewhere to maintain its

$1.3m per week support for the National Food Security Task Force. “We’re not surprised, but it’s certainly not what we had hoped for,” Mr Turnquest said of the increased demands on the government to fight hunger. “We had hoped tourism would come back at the end of September, and that we would have some abatement in the level of infections. “As a result, we have suffered a second wave and a second lockdown, which is having the deleterious effect we are seeing.” Philip Smith, the Bahamas

SEE PAGE 3

BPL burden increase via new $246m loan By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

BAHAMAS Power & Light (BPL) is facing an increased financial burden after being made responsible for servicing a $246m loan that paid out government guaranteed debt. The government’s 20202021 first quarter “fiscal snapshot”, released yesterday, revealed that the cash-strapped state-owned electricity monopoly is having to meet the interest payments on the new loan and not the Public Treasury

- until it can be paid out with the proceeds from its planned $535m Rate Reduction Bond (RRB) offering. The extra burden was imposed when the new loan replaced a previous $246m facility that was guaranteed by the government. The refinancing effectively took this debt off the government’s books, as it meant it was no longer responsible for repaying the lenders if BPL was unable to do so. “Under a separate Parliamentary borrowing resolution, dated June 22,

SEE PAGE 4

explained that this nation had been left to last because the path to re-opening here was more uncertain due to the government veering between COVID-19 lockdowns/restrictions and the relaxation of such measures. Mr Stewart said that “the clearer that we are with the marketplace”, the easier it is to stimulate travel demand and give potential tourists certainty as to the conditions they will face in terms of COVID-19 restrictions. “One of the most complicated things that has happened for everyone, and not just the government

of The Bahamas, has been what is the pathway?” he added. “What will people need to do, and what has evolved? Of course, there have been a couple of lockdowns in The Bahamas due to spikes and the decisions that need to be made. “With each one of those lockdowns, every action has an equal reaction. It’s created confusion in the marketplace, and other countries like the Dominican Republic and Mexico have decided just to open their borders and they have gotten ahead.” The Bahamas’ decision to impose a 14-day mandatory

SEE PAGE 5

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

A PUBLICLY-traded Jamaican firm is “realising remarkable growth” upon entering the Bahamian food distribution market via its acquisition of a 60 percent majority stake in a local wholesaler. Everything Fresh Jamaica, in an October 16, 2020, statement to its shareholders and that country’s stock exchange revealed that it had received all necessary regulatory approvals to cement its control of its Bahamian subsidiary. The identity of the Bahamian company it acquired has not been disclosed to either its shareholders or the Jamaican media. However, research by Tribune Business revealed it appears to be the former Continental Foods, which was based off Joe Farrington Road in eastern New Providence. The address and post code for Everything Fresh Bahamas, which is listed as 28 Marigold Farms Road, match those for Continental Foods as listed on the Department of Inland Revenue’s (DIR) database of VAT taxpayer identification numbers (TINs). When this newspaper rang the phone number for Everything Fresh Bahamas, attempting to contact Continental Foods’ managing director, Patrick Treco, it was told he had gone out. Mr Treco, who also operated the well-known Blue Hill Meat Mart plus other food retail outlets, did not return the call seeking confirmation of the sale and whether he is now a minority partner with Everything Fresh.

However, Gregory Pullen, Everything Fresh Jamaica’s chairman, indicated to the company’s shareholders that The Bahamas expansion is the first step in replicating its business model throughout the Caribbean via an aggressive growth strategy financed by the proceeds of its recent initial public offering (IPO). “Consistent with our vision when Everything Fresh Jamaica completed its IPO, the company has sought to replicate its operations and its success in other islands of the Caribbean region,” Mr Pullen wrote. “In early 2019, with the blessing of the Board, the company began exploring a transaction that would accomplish this critical diversification goal...... Everything Fresh Bahamas is focused on supplying food products to supermarkets and the retail trade in The Bahamas. “It has realised remarkable growth from a standing start, propelled by a knowledgeable, vibrant and logistics savvy blend of Bahamian and Jamaican staff. Despite the challenges of the COVID-19 pandemic, however, we expect to see it continue to deliver value to the market and grow further in the near term.” Mr Pullen did not respond to Tribune Business messages and phone calls seeking comment before press time last night. However, his letter indicates that the deal involving Continental Foods had been in the works for more than a year and dates to preCOVID, with “the transfer of a 60 percent stake of [in] Everything Fresh Bahamas” to the Jamaican parent now complete.

SEE PAGE 2

PAGE 2, Friday, October 30, 2020

THE TRIBUNE

Get leadership’s next generation ready now

EADERSHIP skills are the abilities that one uses to guide a team toward successful outcomes and achieve company objectives. Whether you are overseeing a company or managing a project, your leadership skills can inspire others to reach their shared goals. Some of the most common leadership skills include communication, creativity, motivation, positivity and integrity. In the face of crisis, economic downturn and generational civil war, every company must initiate a deliberate and intentional drive to prepare the next cadre of leaders. Here are five steps current leaders must take to equip and mobilise their successors. 1. Have ‘boomers’ choose

their successors As baby boomers prepare to retire, they should be training someone to take over their position. It has to be a planned, ongoing transition rather than start after the announcement is made of impending retirement. If you invest in developing coaching skills among your current leaders, they can advance new generations of accountable and courageous managers. Every interaction and feedback may change into an opportunity to enhance the leadership skills and strategic thinking of employees. 2. Build formal career paths Companies must formalise leadership training programmes by career track to solidify what is required to attain the next level of

leadership. Get all employees familiar with mentorship and on-demand training programmes regardless of their role. This will empower employees to participate in development programmes that support their interests, while attaining company succession planning goals at the same time. 3. Rethink your corporate structure Long gone are the days of rigid hierarchies. Leading companies are exploring concepts such as lateral structures, together with collective and servant leadership philosophies. Augmenting your leadership development curriculum with new models and practices will help equip your emerging leaders for the future. While there is a lot of buzz about millennials, do

Quality focus need for vacation rentals By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net EXUMA’S vacation rental industry must first focus on developing a consistent quality product before it can truly the promote the sector, the island’s Chamber of Commerce head argued yesterday. Pedro Rolle, speaking at the Exuma Business Outlook webinar, said: “Here is the challenge with respect to promoting Airbnbs. We have worked collaboratively with the chamber and the Ministry of Tourism and, as a matter of fact, the former manager for the tourism office in Exuma he is a director of the chamber. He and I have been working together. “The problem we have is, I think, there needs to be more discussion in terms of

an association-type thing. People have been advocating for it so we can have more independence - even if it is some assimilation from the promotion board. “It is one thing to say that we have all of these rooms and what have you in Exuma, but there ought to be an entity where people can take a look at the accommodations. A group is going to say that these are the recommended Airbnb facilities, and we can recommend them to you,” Mr Rolle added. “There ought to be somewhere along the line where these places are monitored and inspected. I think that as we go into this new dispensation; as we take a look at how we can empower local entrepreneurs, and how we can help people who could now get the funding

to improve their places, I think that is a consideration that we need to continue to have so that we can continue to promote the individual Airbnbs at these facilities that are locally owned.” Troy Sampson, the Bahamas Development Bank’s business development manager, said: “The thing with Airbnb is how do we empower the residents of Exuma where there is a dearth of room accommodations. How do we empower Exumians now to get into that Airbnb space en masse? “There is a lot of crown land available. There are a lot of people that have freehold titled land. How do we put them in a position to turn that into an economic engine to help expand the economy of Exuma?”

not overlook your “Gen X” talent. Make the policy “no generation left behind”. 4. Think ahead and plan for future leadership positions Identify key positions for the coming decade, especially the ones that will need to be filled today should someone abruptly leave. Groom those with potential to take over today should the need arise, and prepare them to fill critical posts. Far too often succession planning is performed for existing critical roles. Stay ahead of the curve and anticipate future needs. Homegrown leaders, who understand the culture and corporate landscape, usually perform better. 5. Get employees involved in writing and speaking engagements

Creating paths for employees to write, publish and speak may seem like a waste of time as companies hurtle towards the next profitable quarter, but if you want to identify emerging leaders this is one fabulous way to groom them now. Find creative, powerful and specific ways for your emerging leaders to begin to train, speak or write for internal and external audiences and stakeholders. Start them off making presentations in the department at staff briefings, giving sales pitches to smaller clients and presentations at the orientation for new staff. The next wave of leaders needs well-developed communication skills. NB: Ian R Ferguson is a talent management and organisational development

Jamaican firm takes 60% of food distributor FROM PAGE ONE This suggests that Everything Fresh Jamaica first invested in Continental Foods via a loan or other alternative mechanism until it obtained all the necessary Bahamian government and Central Bank approvals to convert this to equity. Its 2019 annual report shows $482,616 described as “other investments”, with the accounts describing this as a “deposit on a business opportunity that will be realised in the near future”. That is a likely reference to the Continental Foods deal. By acquiring an existing Bahamian food wholesaler/ distributor for a relatively modest six-figure sum, Everything Fresh has given itself an immediate platform from which to expand into this market, capitalising on the relationships and knowledge that Continental and Mr Treco have built-up over the years. The deal, though, represents another waiver of The Bahamas’ National Investment Policy which purportedly

reserves the wholesale/distribution industry for Bahamian ownership only. However, the Christie administration set a precedent for this by approving Sysco’s acquisition of Bahamas Food Services (BFS), and the COVID-devastated economy needs every cent of investment it can get. Everything Fresh’s arrival thus threatens to shake up a highly competitive Bahamian food distribution and import market, especially in the meats, dairy and seafood segments where it operates. Mr Pullen, in an interview with the Jamaica Gleaner, said the Continental Foods acquisition had received exchange control approval from the Central Bank of The Bahamas. This implies it must have also obtained relevant National Economic Council (NEC) and Investments Boards approvals. “We had invested in an operation in Bahamas some time ago and it had been booked as an investment on the records,” Mr Pullen said. “Recently, we applied for and were granted approval

IAN FERGUSON BY

consultant, having completed graduate studies with regional and international universities. He has served organisations, both locally and globally, providing relevant solutions to their business growth and development issues. He may be contacted at tcconsultants@ coralwave.com. from the Central Bank of Bahamas to purchase that operation, so we converted that part of the loan into equity and we now own 60 per cent of the operation.” Everything Fresh has only been in existence since 2008, with Mr Pullen suggesting it will also target opportunities to serve the Bahamian hotel industry once it re-opens with product imported via its Miami warehouse. Hotel sales account for 85 percent of its business in Jamaica. “Similar to the operations in Jamaica, The Bahamas has a large tourism industry and we felt that tourism is underserved there, so we moved in to take advantage of that void which existed to improve top and bottom line earnings,” Mr Pullen said in his interview. “The interesting thing about The Bahamas is that we don’t have the rigid controls that we have here. So in The Bahamas we import everything - from milk, eggs, chicken parts – there are no restrictions. From our warehouse in Miami, we can literally run shipments to The Bahamas in hours because it’s so close, so we can now import even perishables into The Bahamas.”

THE TRIBUNE

Friday, October 30, 2020, PAGE 3

AIRLINE BACKS OFF PRE-FLIGHT BAHAMAS COVID TESTING

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net AMERICAN Airlines has backed away from plans to conduct pre-flight COVID-19 testing on all international travellers coming to The Bahamas, a top tourism official revealed yesterday. Joy Jibrilu, the Ministry of Tourism’s director-general, told the Exuma Business Outlook webinar the airline had determined that providing the service at its Miami International Airport (MIA) hub was simply too complex and “cost prohibitive”. “We were so very excited when American Airlines made the announcement about the partnership with The Bahamas and Jamaica,

JOY JIBRILU in the first instance, for rapid antigen testing at the Miami International Airport,” Mrs Jibrilu said. “In our discussion they talked about this test being available for anyone travelling to any of the destinations within The Bahamas that they flew to. So, last week, we have been trying to finalise the details in trying to marry that with the new travel health visa

system that the Government is putting in place. “American Airlines unfortunately shared the news that they never could have imagined the complexity of putting such a system in place, and trying to work with Miami International Airport,” she added. “They had already sourced the right type of test, but putting in place the logistics and doing the tests and the demos they had to, it became so cost prohibitive. It was also not something they could manage in the time that they had envisaged, and therefore for this moment they are withdrawing from doing any rapid tests at the point of departure for any destination.”

American Airlines, in unveiling the initiative, said the provision of a rapid COVID-19 antigen test before passengers boarding its aircraft would start by end-October. The move was hailed by Bahamasbased hotels and tourism providers at the time as an “excellent” initiative that would “absolutely” benefit The Bahamas in its bid to restart the tourism industry. The American Airlines initiative was also seen as fitting well with the Ministry of Tourism’s plan to replace the 14-day visitor quarantine with increased COVID-19 testing, both as guests arrive at Bahamian airport and marine port-ofentry and during their stay. This system is due to take effect from this

Sunday, November 1, but The Bahamas will now no longer be among the first international destinations where American Airlines will offer pre-flight virus testing for all passengers. “That was not good news,” Mrs Jibrilu said of American Airlines’ decision, “but there has been conversations that have been taking place at a much larger level with the United Nations World Tourism Organisation, with ICAO (International Civil Aviation Organisation), IATA (International Air Transport Association) and major airlines, as well as our cruise partners. “The proposal that has been put forward is to see the safe return of travel and tourism, and that it has

to be seamless. The proposal on the table is that every airline and, I guess by extension, every cruise line will offer the rapid antigen test at the point of departure. So whether at an airport or the airline, before you embark upon your journey you know your status. It is straight through, and you get to your destination with no quarantine in place.” “We are excited about this but, as said, this is taking place at a bigger level. I will not be surprised that three months from now, between three to six months from now, the conversation that we’re having now is moot and that the global requirement for travel will be now you take a rapid antigen test.”

Govt exhausted $14m COVID NEWLY-LAUNCHED GRANT GETS 411 APPLICATIONS food budget in three months FROM PAGE ONE Feeding Network’s executive director, last week said 50 percent of The Bahamas’ population - representing some 220,000 persons and 55,000 households - are now being fed with assistance from the government and non-profit organisations. He added that he had never seen the extent of hunger explode as it has in the last seven months due to the mass unemployment caused by the tourism industry’s closure and widespread COVID19 restrictions. While one in seven Bahamians had suffered from food insecurity prior to the pandemic, this number has increased three-fold due to COVID-19. Out of a total $126.9m allocated for COVID-19 support to individuals and businesses in the 2020-2021 Budget, some 45 percent or a total $57.1m was spent during the first three months of the current fiscal year. With the COVID-19 pandemic showing no signs of slowing down, and uncertainty continuing to surround the timing and strength of tourism’s rebound, further demands are likely to be made of the government beyond the financing envelope approved by the House of Assembly. Some 55.3 percent, or $8.3m of the $15m business support budget, was spent during the three months to end-September 2020. Just over one-third, some $6.3m or 36.6 percent, of the government’s unemployment assistance allocation was spent during this period, while $18.8m of the $51.6m provided for the extension of NIB jobless benefits was also used up. On the government’s capital spending front, subsidies to state-owned enterprises (SOEs) leading the COVID-19 fight were increased during the 20202021 first quarter while those to perennial lossmakers such as Bahamasair and the Water & Sewerage Corporation were cut.

“Subsidies, which include transfers to governmentowned and/or controlled enterprises that provide commercial goods and services to the public, were boosted by $11m (12.5 percent) to $98.8m for 26.6 percent of the budget,” the “fiscal snapshot” said. “Reductions in subsidies to Bahamasair of $2.3m and Water and Sewerage Corporation of $5.5m were outpaced by higher transfers to National Health Insurance of $7.7m and the Public Hospitals Authority of $10.4m to cover COVID19 related health initiatives. “Social assistance benefits - in cash or in kind - increased substantially by $40.7m to $46.5m, being driven COVID-19 related hikes in outlays for unemployment assistance ($25.1m) and food assistance and meal vouchers ($13.9m).” This was described as an eight-fold increase compared to prior years. “The government is making sizeable outlays to respond to this crisis, and we are doing so in areas that can make the largest impact on the welfare of people: Unemployment assistance, social support and small business assistance. In keeping with the budget plan, we have had to pull back on subsidies to state-owned enterprises, with notable exceptions like our higher transfers to NHI and the Public Hospitals Authority,” said Mr Turnquest.

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net THE Small Business Development Centre (SBDC) has received 411 applications from businesses eager to access a $5,000 selfstarter grant within a month of the initiative’s launch. Phyllice Bethel, head of the SBDC’s funding department, used yesterday’s Exuma Business Outlook webinar to encourage more submissions from the island’s micro, small and medium-sized enterprises (MSMEs) as they currently accounted for just three percent of the applications. “Earlier this month we launched a $5,000 standalone grant for all Bahamian MSMEs across all islands,” she said. “As of Monday we had a total of 411 standalone grant applicants, but only 14 applications submitted from Exuma. This is three percent of the total number of applications submitted.” Turning to the other initiatives being pursued by the SBDC, which is also known as the Access Accelerator, Ms Bethel said almost $44m out of an approved $56.6m has been distributed to Bahamian entrepreneurs. “Through our regular programmes, Access Accelerator has enabled more than 400 entrepreneurs to be approved for roughly $16m of funding, of which over $10m has already been disbursed,” she added. “These figures exclude the 570 entrepreneurs who were approved for a total funding of $40.6m through our

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Business Continuity Loan programme, which has disbursed a total of $33.9m in the last couple of months.” Ms Bethel continued: “Another initiative is reducing the cost of doing business in The Bahamas. Very soon, Access Accelerator - in conjunction with the Chamber of Commerce - will launch a technology grant programme. “Solar technology companies can apply for the technology grant because they enable other businesses to operate more profitably due to lower energy costs and consistent energy supply. You do not have to be a technology company to benefit from the technology grant. In fact, if your business or any business can increase productivity and profitability using technology, you can apply. “For example, instead of employing a full-time accountant to prepare end-of-month financial statements, any business owner can use the technology grant to purchase financial accounting software like Quickbooks and pay for Quickbooks training.” M Bethel said the SBDC is also involved in creating the proposed National Digital Marketplace that was recommended by the Economic Recovery Committee in its report to the government.

“Through this platform, vendors can easily register and upload content such as pictures, videos and product descriptions, and begin to export goods - from crafts, foods, cosmetics and boats, as well as services to an unlimited number of buyers around the world in exchange for their foreign currencies,” she added. Referring to tourism’s shutdown due to the COVID-19 pandemic, Ms Bethel said: “What are we going to do besides scratching our heads? Upgrade the agriculture industry by giving farmers easier access to crown land, hydroponic systems, training programmes as well as packaging and processing facilities. “We will also facilitate market surveys to help farmers better determine demand levels for a variety of products, so all farmers are not producing the same crop in quantities that far exceed demand. The Access Accelerator and the Ministry of Agriculture are both advocates of working to bridge the gap between farmers and wholesalers, grocery stores, hotels, restaurants and consumers at large.” Troy Sampson, the Bahamas Development Bank’s business development manager, said: “Across our archipelago we have done what we like to consider

‘seeding’ certain industries. These are perhaps in the embryonic stages for the most part, and I think it was in 2017 where we commenced with the apiary programme in Grand Bahama. “Looking at the statistics, we have been advised that approximately $30m of honey is imported into the country on an annual basis. We have bees here that can make honey. How do we now extract value from that sector? So we have had great exchanges with the Exuma Foundation in terms of building out the capacity there, helping to move this and exploit this as an area for opportunity for Exumians. “We have gone to Long Island and we have established the small ruminant project. Long Island has a history of sheep and goat rearing. They still have an affinity for it; they have the institutional knowledge that they have had over these many years,” Mr Sampson added. “How do we put them on a track where they can now become, once again, the supplier of mutton for these islands? How do we reduce our import bill for sheep and goat meat where we have people that have had a long history of this. So all of these opportunities are there, and we now have to bring them into focus.”

PAGE 4, Friday, October 30, 2020

‘Within the ball park’: Govt debt near $9bn FROM PAGE ONE

skyrocketing from $7.591bn to $8.883bn in just 12 months, as the pandemic slashed its tax income streams while simultaneously increasing social/ business assistance spending demands. As a percentage of gross domestic product (GDP), the government’s direct debt rose from 55.9 percent to 76.8 percent as at endSeptember 2020, placing it above the 70 percent benchmark considered a “danger threshold” by the International Monetary Fund (IMF). It believes a country that exceeds this mark faces the potential danger of a so-called debt spiral, where

it has to borrow to service existing debt. And the direct debt figures do not include the several hundred million dollars in borrowings the government has guaranteed on behalf of public corporations, as well as the estimated $2bn in unfunded civil service pension liabilities, meaning the total national debt will now be well in excess of $9bn. No figures were provided for this. The Minnis administration, though, reduced the debt it has guaranteed by $246m during the 2020-2021 fiscal first quarter by refinancing its Bahamas Power & Light (BPL) exposure via a bridging loan that the state-owned utility is now

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, Keithra TooteDeveaux of Regency Park, New Providence, parent of AIDYN ANTONY TOOTE a minor, intends to change my child’s name to AIDYN ANTONY DEVEAUX. 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.

NOTICE NOTICE is hereby given that JUNIOR FLORVIL of Coral Harbour, New Providence, The Bahamas is applying to the Minister responsible for Nationality and Citizenship, for Registration Naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/ naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 30th day of October, 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

responsible for servicing (see other article on Page 1B). “We are within our risk portfolio so far,” Mr Turnquest said of the government’s debt situation. “However, of course every dollar we add creates an additional bit. We’re managing that very carefully. We’ve established a debt management unit that will be looking in more detail at possible options. The key is to get back on the fiscal consolidation path as quickly as possible.” Meanwhile the fiscal deficit, which measures by how much the government’s spending exceeds its revenue, increased almost seven-fold year-over-year to $336.3m for the 2020-2021 first quarter. This represented a $287.5m increase on the prior year’s $48.8m worth of first quarter ‘red ink’, again highlighting the depth of COVID-19’s economic and fiscal impact. Total revenues for the three months to end-September 2020 fell by 45.5 percent, or $251.4m, compared to the same period in the 2019-2020 fiscal year. VAT, the government’s main taxation source, slumped by 49.4 percent to $134.7m - a reduction of $131.5m compared to one year ago - as consumption activities dried up due to the tourism shutdown and job losses/reduced incomes.

BPL burden increase via new $246m loan FROM PAGE ONE

2020, the government secured a $246m bridge loan facility from global investors to retire and assume direct responsibility for the $246m legacy debt of the Bahamas Electricity Corporation (BEC), which was previously

THE TRIBUNE Despite the seemingly dire position, Mr Turnquest argued that the government’s finances “are doing OK given the circumstances we have”. He reiterated that the 2020-2021 first quarter projections were thrown off by the government’s move to reimpose lockdowns and other restrictions to halt COVID-19’s spread on New Providence and Grand Bahama, as well as the delayed tourism restart. “They’re more or less were we thought they’d be,” the deputy prime minister told Tribune Business of the government’s revenues and spending, “a little behind on revenue, and a little bit ahead on the expenditure side, but we’re within the ball parks.” The government’s total spending was somewhat contained at $637.2m, having increased by 6 percent or $36.1m compared to the same quarter in 20192020. Mr Turnquest said this signalled that expenditure restraints were working, including the instruction to all ministries, agencies and departments to cut discretionary spending by 20 percent. “We see the results,” he added. “Overall our expenditure was only up by six percent. When you consider all the additional costs as a result of COVID19, we’re doing OK on that side.” Mr Turnquest said the government’s annual Fiscal Strategy Report, which it will table in the House of Assembly in November, will “give some indication” as to whether - and by how much - it may have to adjust its economic and fiscal projections given that the world

will still be dealing with COVIID-19 well into 2021. Any changes, he added, will be announced with the mid-year budget in February, saying: “The hampered reopening of the tourism economy, and the extended curfews in October, will no doubt put further pressure on our fiscal position and may cause some deviations from our budget projections for the second quarter. “The safe reopening of our economy remains one of the most urgent priorities, and we must work together to follow public health protocols and adapt our businesses to better contain the spread of the virus. “We’re still anticipating we will have a rebound in tourism. All in all, we believe there will be a slow recovery, but we do anticipate we’ll see some growth in the New Year.” He also pointed to ongoing foreign direct investment (FDI) projects such as The Pointe, Gold Wynn and Hurricane Hole as cause for some optimism. Mr Turnquest said the Ministry of Finance was “working hard to avoid” any need for the government to require more borrowing than the $1.334bn net financing envelope approved by the House of Assembly in June. While no increase was expected “at this point”, he conceded that “it all depends” on what happens with COVID19 and its impact on tourism and the wider economy. “As we look out into the future we have every reason to believe we’ll see the recovery and growth we project for 2021 and 2022, and we continue to work towards bringing in new

revenue sources as well as enhancing existing ones,” Mr Turnquest said, identifying aircraft overflight and yachting fees as two such possibilities. As for increasing tax yields through the government’s revenue enhancement and compliance unit, he added: “I wouldn’t say they are where I would want them to be, but they have made a contribution.” Summing up the position at end-September 2020, the “fiscal snapshot” said: “The impact of the second wave of the COVID-19 pandemic in July 2020. and the subsequent reinstatement of curfews and lockdowns for the entire month of August, exerted significant pressure on the fiscal position during the first quarter of the fiscal year 2020/21, elevating the overall deficit above earlier projections. “Amid the higher than expected contraction in revenues and increased COVID-19 related spending, preliminary estimates show a stronger deterioration in the overall deficit to $336.3m from $48.3m in the comparable 2019-2020 period. “Total revenue contracted by $251.4m (45.5 percent) to $300.9m, as compared to the first quarter of fiscal year 2019-2020. Reflecting the adverse impact of COVID19 on economic activity and travel, tax receipts—which represented approximately 90 percent of aggregate revenue - declined by $229.3m (46 percent) to $269.5m, largely due to a slump in revenue from VAT, import duties and departure taxes.”

a contingent liability [for the government],” the “fiscal snapshot” said. “Simultaneously, the government executed a side agreement with BPL, the subsidiary of BEC, for the servicing of the new debt until it is repaid out of the proceeds of BPL’s prospective rate reduction bonds issuance.” K Peter Turnquest, deputy prime minister, yesterday confirmed that BPL and the government have a “service agreement” where the former will cover repayments on the new $246m facility until it can be replaced by proceeds from the planned bond issue. However, the extra loan repayment could further strain BPL’s finances at a time when around 16,000 customers have either been disconnected or are in danger of being cut-off due to an inability to pay their bills amid the COVID-19 pandemic.

And BPL is itself “concerned” it will be forced to pay a high price to place its $535m bond issue due to the government’s recent borrowing. Desmond Bannister, minister of works, said the utility’s Board were fearful that the 8.95 percent interest attached to The Bahamas’ recent $600m sovereign bond will be used as a benchmark to price its own upcoming debt financing which it still aims to place before year-end 2020. With BPL’s rate reduction bond (RRB) likely to be perceived as riskier than the government’s borrowing, especially given the absence of a guarantee from the latter and the fact the utility is still in the middle of its turnaround strategy, the interest rate will almost certainly be greater in either the high single digit or even double digit range. This means that BPL’s household and business

customers, who will be called upon to service the interest and principal costs owed to investors who buy into the National Utility Investment Bond, may have to pay higher electricity bills than were initially anticipated. BPL executives previously said the extra charge to be added to customer bills would be equivalent to 15 percent of current consumption, but the higher interest rate that will likely have been set following the government’s recent borrowing may force this to increase. The “fiscal snapshot”, meanwhile, showed that the BPL refinancing helped propel the government to some $921m in gross borrowings during the 2020-2021 fiscal year’s first quarter. With debt repayments of some $229m, this increased the government’s net borrowings or liabilities by a further $692m during the three months to end-September.

THE TRIBUNE

Friday, October 30, 2020, PAGE 5

COVID ‘confusion’ hurts Sandals’ Bahamas return FROM PAGE ONE quarantine on all visitors to The Bahamas, which is being replaced by a more stringent and frequent testing regime as of November 1, has also been cited as a major deterrent to tourism with this nation’s attempt to compensate by branding this a “Vacation in Place” regime not well understood or accepted. “There are always believers and non-believers in life,” Mr Stewart said. “There are always Democrats and Republicans. There is going to be the FNM and the PLP. There is always going to be both sides of the political divide, and in Jamaica you have the JLP and the PNP. “There are people out there that are fearful of travel. They have become less and less so, but they still exist. Then there are those that want to get on with life; they really want to put on a mask and get going. So all of that builds up to a place where the reason we have been able to open other hotels first is not for a lack of love for our beautiful relationship with The Bahamas; it was just clearer earlier. “So, my job now is to work with my team to play a role in trying to build demand,” Mr Stewart continued. “We’re back on television advertising, we’re back in the marketplace; our sales force right across the United States of America. We’re back to training travel agents, we’re back to playing our part of explaining how you can travel to The Bahamas. “The date that we have now is February 1 [for opening in The Bahamas], but I would say to you to don’t hold on to it because it moves week to week as demand starts to build. We are seeing increased demand in the last couple of weeks. The US election

is hindering and getting in the way of tourism at large. It is a very normal thing, and this year it is even a bit more chaotic than traditional years. “I think we’re going to see, and we are hopeful that we are going to see, an accelerated demand after next week’s election, and The Bahamas is the shortest distance to go between anywhere in the Caribbean destinations and I think that’s going to favour well for us.” Joy Jibrilu, the Ministry of Tourism’s director-general, told the same webinar: “I want to talk about the new travel protocols that are being introduced for November 1. We are seeking to streamline entry protocols that will enable visitors to better and more seamlessly enjoy The Bahamas vacation experience. “Everyone knows up to November 1 there has been a 14-day ‘Vacation in Place’ requirement, so that’s another way of talking about quarantine. With effect from November 1 that requirement will be moved, but still in place will be the requirement for a PCR test that would be seven days prior to arrival. People will still have to apply for a Bahamas health travel visa. “I should say that the Ministry of Tourism is working with the Ministry of Health, as they still want to see how we can streamline that entry protocol even more. So we’re waiting on some final decisions, but whatever decision will be made is with the intent of making it easier for the traveller to visit the destination.”

To advertise in The Tribune, contact 502-2394

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, Candice Gardiner and Rolando Smith of Ridgeland Park west, Wood Street, New Providence, parents of ROLANDO ANDREW GARDINER a minor, intends to change our child’s name to ROLANDO ANDREW SMITH. If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas, no later than thirty (30) days after the date of publication of this notice.

LEGAL NOTICE OF DISSOLUTION

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), Augusta Fund Ltd. (IBC No. 203862 B) is in dissolution. The date of commencement of the dissolution is 21st October, 2020. The Liquidator of the Company is Philippe Doucet Leautaud of Sierra Amatepec 222, Lomas de Chapultepec Miguel Hidalgo, CP 11000 Ciudad de Mexico, Mexico. All persons having claims against the above-named company are required to send their names, addresses and particulars of their debt or claims to the Liquidator before the 20th day of November, 2020. __________________________ Philippe Doucet Leautaud Liquidator

SANDALS ROYAL BAHAMIAN RESORT LEGAL NOTICE

Camron Investment Management Inc. (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), Tidewall Company Limited (the “Company”) is in dissolution. The date of commencement of the dissolution is 28th October, 2020. Leisa Ruth Ferry-Bolder is the Liquidator and can be contacted at 96 Welwyn Park Drive, Hull, East Yorkshire, HU6 7DX, England. All persons having claims against the abovenamed Company are required to send their names, addresses and particulars of their debt or claims to the Liquidator before the 28th day of November, 2020.

Notice is hereby given that pursuant to Part IX, Section 138(4) liquidation of the above company commenced on the 28th day of October, 2020. Octagon Management Limited of The Bahamas Financial Centre, Shirley & Charlotte Streets, Nassau, The Bahamas has been appointed Liquidator of the Company.

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, Camron Investment Management Inc. is in dissolution as of October 26th, 2020. International Liquidator Services Inc. situated at 3rd Floor Withfield Tower, 4792 Coney Drive, Belize City, Belize is the Liquidator.

________________________ Octagon Management Limited Liquidator

LIQUIDATOR ______________________

LEGAL NOTICE

NOTICE Athler Enterprises Ltd.

TEMPLESTOW INVESTMENTS LIMITED (In Voluntary Liquidation)

(In Voluntary Liquidation) Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, Athler Enterprises Ltd. is in dissolution as of October 26th, 2020.

Notice is hereby given in pursuance of Section 138(8) of The International Business Companies Act, 2000 (as amended), the Dissolution of the above-named company has been completed, a Certificate of Dissolution has been issued and the above-named company has therefore been struck off the Register.

International Liquidator Services Inc. situated at 3rd Floor Withfield Tower, 4792 Coney Drive, Belize City, Belize is the Liquidator.

The date of the completion of the dissolution was the 26th day of October 2020.

LIQUIDATOR ______________________

Bennet R. Atkinson Liquidator

MARKET REPORT www.bisxbahamas.com

THURSDAY, 29 OCTOBER 2020

BISX ALL SHARE INDEX:

CHANGE

2081.80

0.70

%CHANGE

YTD

YTD%

0.03 -149.80

-6.71

(242) 323-2330 (242) 323-2320

BISX LISTED & TRADED SECURITIES 52WK HI 4.07 22.66 2.00 1.79 2.46 6.00 6.75 4.50 8.59 4.50 6.16 12.77 3.64 6.00 10.88 8.44 16.99 4.25 9.33 15.21

52WK LOW 3.13 22.65 0.67 1.65 1.67 5.40 5.39 2.70 4.75 3.50 5.60 11.05 2.71 3.85 9.60 7.50 13.04 3.20 8.15 13.90

PREFERENCE SHARES 1.00

1.00

1000.00 1000.00 1000.00 1000.00

1.00 10.00 1.00

1.00 10.00 0.90

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

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

Bahamas First Holdings Preference Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A RF Bank & Trust Limited Class A Focol Class B

BFHP CAB6 CAB8 CAB9 CAB10 CHLA FBBA FCLB

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

52WK LOW 100.00 100.00

115.92 100.00 100.00 100.00 100.00 100.00 100.00 102.00

104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00

52WK HI 2.36 4.43 2.13 198.39 176.73 1.69 1.85 1.77 1.24 8.34 10.26 7.08 12.15 12.71 10.81 10.00 8.98 11.79

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

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

SYMBOL FBB22 BFHB

BAHAMAS GOVERNMENT STOCK - (percentage pricing)

MUTUAL FUNDS

LEGAL NOTICE OF DISSOLUTION

NOTICE OF DISSOLUTION OF SILVER ANGEL MANAGEMENT HOLDINGS

NOTICE

MARKET TERMS

Bahamas Note 6.95 (2029) BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-7Y

BAH29 BG0107 BG0207 BG0130 BG0230 BG0307 BG0330 BG0407

LAST CLOSE 4.05 17.43 1.62 1.79 1.67 5.50 6.75 2.99 4.75 3.76 5.99 11.26 2.03 6.00 9.98 8.44 14.30 3.94 8.19 15.20

CLOSE 4.05 17.43 1.62 1.79 1.67 6.00 6.75 2.99 4.75 3.76 5.99 11.26 2.03 6.00 10.17 8.44 14.30 3.94 8.19 15.20

CHANGE 0.00 0.00 0.00 0.00 0.00 0.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.19 0.00 0.00 0.00 0.00 0.00

1.00 1000.00 1000.00 1000.00 1000.00 1.00 10.00 1.00

LAST SALE 100.00 100.00

CLOSE 100.00 100.00

CHANGE 0.00 0.00

107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

VOLUME 115

1,000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 VOLUME

FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund Leno Preferred Income Fund Leno Growth Fund Leno Diversified Fund Leno Global USD Bond Fund Royal Fidelity Bahamas Opportunities Fund - Secured Balanced Fund Royal Fidelity Bahamas Opportunities Fund - Targeted Equity Fund Royal Fidelity Bahamas Opportunities Fund - Prime Income Fund Royal Fidelity Int'l Fund - Equities Sub Fund Royal Fidelity Int'l Fund - High Yield Fund Royal Fidelity Int'l Fund - Alternative Strategies Fund Colonial Bahamas Fund Class D Colonial Bahamas Fund Class E Colonial Bahamas Fund Class F

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

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

450 NAV 2.36 4.43 2.13 198.36 173.98 1.68 1.81 1.76 1.07 8.30 9.90 7.08 11.27 12.71 10.23 N/A 9.28 11.86

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

P/E 16.9 18.7 N/M N/M N/M N/M 18.3 -6.8 33.9 20.4 13.3 15.6 19.9 12.8 15.7 11.6 17.5 19.4 8.7 24.1

YIELD 4.20% 7.23% 1.23% 0.00% 0.00% 0.00% 3.85% 0.00% 0.00% 3.19% 3.67% 6.39% 21.38% 1.00% 3.23% 2.84% 3.78% 3.05% 2.44% 4.01%

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

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

INTEREST Prime + 1.75% 6.25%

MATURITY 19-Oct-2022 30-Sep-2025

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

20-Nov-2029 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2022 26-Jun-2045 15-Oct-2022

YTD% 12 MTH% 3.35% 4.31% 1.56% 3.12% 1.84% 2.51% 1.65% 2.39% 4.34% 9.82% 1.10% 2.34% -2.43% 1.49% 0.34% 2.43% -11.07% -9.92% -0.45% 8.36% -3.20% 11.46% 2.10% 5.15% -6.17% 3.54% 2.92% 5.55% -4.66% -3.81% N/A N/A -0.50% 3.70% -3.80% 4.10%

NAV Date 30-Sep-2020 30-Sep-2020 25-Sep-2020 30-Sep-2020 30-Sep-2020 31-Jul-2020 31-Jul-2020 31-Jul-2020 31-Jul-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 30-Sep-2020 30-Sep-2020 30-Sep-2020

YIELD - last 12 month dividends divided by closing price

52wk-Hi - Highest closing price in last 52 weeks

Bid $ - Buying price of Colina and Fidelity

52wk-Low - Lowest closing price in last 52 weeks

Ask $ - Selling price of Colina and fidelity

Previous Close - Previous day's weighted price for daily volume

Last Price - Last traded over-the-counter price

Today's Close - Current day's weighted price for daily volume

Weekly Vol. - Trading volume of the prior week

Change - Change in closing price from day to day

EPS $ - A company's reported earnings per share for the last 12 mths

Daily Vol. - Number of total shares traded today

NAV - Net Asset Value

DIV $ - Dividends per share paid in the last 12 months

N/M - Not Meaningful

P/E - Closing price divided by the last 12 month earnings

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | COLONIAL 242-502-7525 | LENO 242-396-3225 | BENCHMARK 242-326-7333

PAGE 8, Friday, October 30, 2020

THE TRIBUNE

Harris target of more misinformation than Pence, data shows CHICAGO Associated Press

four times as much as the white men who campaigned for the job in the last four years, according to a report from media intelligence firm Zignal Labs shared exclusively with The Associated Press. “The narratives related to Kamala Harris zeroed in much more on her personal identity, especially as a woman of color,” said Jennifer Granston, head of insights at Zignal Labs. The firm identified more than one million mentions since June on Twitter of Harris with hashtags or terms associated with misinformation about her. The mentions include fact checks that rebuffed the falsehoods, but

LONG before Democratic presidential nominee Joe Biden announced her as his running mate, Kamala Harris, pictured, was the target of widespread online misinformation. Social media posts included racist claims that she was ineligible to serve in the White House or that she was lying about her Black and Indian heritage. Her mother is from India and her father from Jamaica. Since being named to the presidential ticket, Harris has been at the center of online misinformation campaigns

those made up only a small portion of that conversation. Nearly 300,000 of those mentions were about Harris’ eligibility to serve as president, according to Zignal’s findings. The AP identified that false claim circulating online in January 2019, when Harris announced she was running for president. The untrue assertion got a huge boost again, however, in August when President Donald Trump elevated it from his presidential podium. Harris’ birth certificate shows she was born on Oct. 20, 1964, in Oakland, California, making her eligible to serve as either vice president or president. Social media chatter around Harris’

eligibility declined after being “eclipsed” by fact checks from news organisations that debunked it, Granston added. There’s been a huge uptick in social media conversation around the vice presidential candidates this year, compared to the 2016 campaign. From July to October, Harris and Republican Vice President Mike Pence have been mentioned almost 48 million times combined on Twitter, compared to only 12 million total mentions of Pence or Virginia Sen. Tim Kaine, who was the Democratic vice presidential nominee four years ago. Misinformation accounted for less than 1% of Twitter talk when Pence and Kaine

THE WEATHER REPORT

5-Day Forecast

TODAY

ORLANDO

High: 78° F/26° C Low: 62° F/17° C

TAMPA

TONIGHT

SATURDAY

SUNDAY

MONDAY

TUESDAY

Mostly sunny and humid

Warm and humid with a moonlit sky

Partly sunny and humid

Clouds and sun with a few showers

A couple of showers in the morning

Windy with clouds and sun

High: 86°

Low: 77°

High: 84° Low: 77°

High: 84° Low: 75°

High: 83° Low: 72°

High: 81° Low: 73°

AccuWeather RealFeel

98° F

85° F

93°-81° F

95°-84° F

89°-68° F

80°-70° F

High: 79° F/26° C Low: 64° F/18° 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.

almanac

ABACO

High: 83° F/28° C Low: 79° F/26° C

6-12 knots

WEST PALM BEACH High: 83° F/28° C Low: 74° F/23° C

6-12 knots

FT. LAUDERDALE E

FREEPORT

High: 87° F/31° C Low: 76° F/24° C

High: 84° F/29° C Low: 74° F/23° C

MIAMI

High: 87° F/31° C Low: 75° F/24° C

7-14 knots

KEY WEST

High: 85° F/29° C Low: 77° F/25° C

ELEUTHERA

NASSAU

High: 86° F/30° C Low: 77° F/25° C

High: 84° F/29° C Low: 79° F/26° C

uV inDex toDay

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

tiDes For nassau High

Ht.(ft.)

Low

Ht.(ft.)

Today

7:47 a.m. 8:00 p.m.

3.1 2.8

1:35 a.m. 2:05 p.m.

0.4 0.5

Saturday

8:22 a.m. 8:36 p.m.

3.1 2.7

2:08 a.m. 2:43 p.m.

0.3 0.4

Sunday

7:57 a.m. 8:11 p.m.

3.2 2.6

1:42 a.m. 2:21 p.m.

0.3 0.4

Monday

8:32 a.m. 8:48 p.m.

3.1 2.5

2:15 a.m. 2:59 p.m.

0.4 0.5

Tuesday

9:09 a.m. 9:25 p.m.

3.1 2.4

2:49 a.m. 3:37 p.m.

0.4 0.6

Wednesday 9:47 a.m. 10:05 p.m.

3.0 2.3

3:25 a.m. 4:18 p.m.

0.5 0.7

Thursday

3.0 2.3

4:04 a.m. 5:03 p.m.

0.6 0.8

10:29 a.m. 10:49 p.m.

sun anD moon Sunrise Sunset

7:16 a.m. 6:30 p.m.

Moonrise Moonset

6:15 p.m. 6:20 a.m.

Full

Last

New

First

Oct. 31

Nov. 8

Nov. 14

Nov. 21

CAT ISLAND

High: 85° F/29° C Low: 80° F/27° C

4-8 knots

4-8 knots Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.

Statistics are for Nassau through 2 p.m. yesterday Temperature High ................................................... 88° F/31° C Low .................................................... 79° F/26° C Normal high ....................................... 83° F/28° C Normal low ........................................ 72° F/22° C Last year’s high ................................. 89° F/32° C Last year’s low ................................... 79° F/26° C Precipitation As of 2 p.m. yesterday ................................. 0.00” Year to date ............................................... 59.07” Normal year to date ................................... 35.15”

were running in 2016. The same goes for Pence this year, with most of the misleading claims around him centered on the idea that he supports gay conversion therapy, which Pence has repeatedly denied. But misinformation around Harris has been more prevalent, making up more than 4% of the conversation on Twitter, Zignal Labs found. That’s largely been driven by sexist or racist narratives that have swirled online around Harris, who is the first Black and Indian woman running for vice president, said Nina Jankowicz, a disinformation fellow at the nonpartisan Wilson Center.

ANDROS

SAN SALVADOR

GREAT EXUMA

High: 85° F/29° C Low: 79° F/26° C

High: 86° F/30° C Low: 79° F/26° C

W S

LONG ISLAND

tracking map

High: 85° F/29° C Low: 80° F/27° C

4-8 knots

MAYAGUANA High: 86° F/30° C Low: 81° F/27° C

Shown is today’s weather. Temperatures

CROOKED ISLAND / ACKLINS

are today’s highs and tonight’s lows.

RAGGED ISLAND High: 85° F/29° C Low: 81° F/27° C

High: 85° F/29° C Low: 80° F/27° C

GREAT INAGUA High: 87° F/31° C Low: 81° F/27° C

6-12 knots

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

Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday: Today: Saturday:

WINDS SW at 6-12 Knots NE at 8-16 Knots SE at 4-8 Knots NE at 6-12 Knots ESE at 4-8 Knots NE at 8-16 Knots E at 6-12 Knots E at 7-14 Knots SSW at 4-8 Knots NE at 7-14 Knots W at 6-12 Knots NE at 8-16 Knots SE at 4-8 Knots NE at 8-16 Knots NE at 6-12 Knots ENE at 8-16 Knots E at 4-8 Knots ENE at 7-14 Knots ESE at 6-12 Knots E at 7-14 Knots S at 4-8 Knots NE at 7-14 Knots E at 6-12 Knots NE at 8-16 Knots SE at 4-8 Knots NE at 8-16 Knots

WAVES 3-5 Feet 4-7 Feet 0-1 Feet 1-2 Feet 3-5 Feet 3-5 Feet 2-4 Feet 2-4 Feet 3-5 Feet 3-6 Feet 1-3 Feet 2-4 Feet 1-2 Feet 1-3 Feet 2-4 Feet 2-4 Feet 1-2 Feet 1-3 Feet 4-8 Feet 4-7 Feet 0-1 Feet 1-3 Feet 1-3 Feet 1-3 Feet 1-2 Feet 1-3 Feet

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

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