business@tribunemedia.net
TUESDAY, NOVEMBER 21, 2017
$4.25
$4.29
$4.50
Ferreira starts process to find new landfill manager By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net
T
he preferred bidder for the management and operation of the New Providence landfill is expected to be selected by midMarch next year, Environment and Housing Minister Romauld Ferreira stated yesterday, acknowledging the landfill was ‘no instant fix’. Government has issued an expression of interest (EOI) for the pre-qualification of a request for proposal (RFP) to manage and operate the landfill. The EOI has been published in the local dailies and interested parties can obtain a copy of the document from the Ministry of Housing and Environment. Once the EOIs have been received by the Tenders Board, they will be opened at its December 19 meeting. The successful interests of the RFP upon payment of a nonrefundable registration fee of $10,000 are expected to submit technical and financial proposals to the Tenders Board of the Ministry of Finance by February 28. The proposals will then be evaluated by the review/selection team and a preferred bidder will be selected by March 15, 2018. “The EOI is a pre-qualification state for the submission of a request for proposal from suitably qualified private sector providers with the technical and financial ability to manage and operate the landfill. The goal is to provide for
ENVIRONMENT and Housing Minister Romauld Ferreira speaks about the New Providence landfill during yesterday’s press conference. Photo: Shawn Hanna/Tribune Staff an environmentally sound man- proposals. Whatever they put for- Resources Development Group agement system for solid waste ward will be evaluated,” said Mr (WRDG), and its financial partner, management at the landfill,” said Ferreira. Providence Advisors. The Minnis administration, Mr Ferreira. Respondents had been given The successful bidder will be upon taking office after the May less than two weeks to submit a responsible for matters such as 10 general election, cancelled the proposal. financing waste management oper- landfill tender process initiated by Mr Ferreira noted the Chrisations; operation of the landfill site; the former Christie administration tie administration had previously generating revenue from waste just weeks before it was voted out. entered into an agreement with management services and effective That RFP attracted two bids, one Renew Bahamas to operate the risks mitigation strategies. “We are of which was from the 10-strong not fettering the creativity of the Bahamian consortium, Waste SEE PAGE 5
BPL studying 19 bids from power generators By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net NINETEEN firms have submitted bids to provide 80 megawatts of power to Bahamas Power & Light (BPL). The company’s management conducted a public opening of the bids yesterday. Whitney Heastie, BPL chief executive officer said yesterday that BPL has engaged an outside firm to conduct the evaluation of the bids. The company is still in negotiations with that firm. Mr Heastie said BPL is looking for the ‘best option for its consumers.
The 80 megawatts of power generation the electricity provider is seeking, matches the 80 megawatts of rented generation BPL currently employs. “The RFP was initially structured as being for 80 megawatts of rental generation for five years and then realising that we possibly can get some offers that would be attractive we modified that process,” said Mr Heastie, noting a longer term arrangement could be reached. As to when BPL expects to conclude the process Mr Heastie said it is difficult to give timelines at this time. “We would like to have something sured up by the summer peak
BAHAMAS Power and Light head office on Blue Hill Road. Photo: Terrel W Carey/Tribune Staff 2018 but that is not something that is going to cause us to rush the process,” he said. The prospective
bidders include: So Energy International; Tiger Offshore Rentals; Providence Energy Partners
Holdings Energy Solution; Rolls Royce Power Systems; Green Fuel WMS International Energy Management and Leasing Services; Bahamas Independent Power Partners Alternative I; Bahamas Independent Power Partners Alternative II; Martin Energy Group; Modec; Green Energy Service dba Power Plus; Cain Industries Bahamas Limited; Tyoga LNG; Supernova Sominicana srl (two bids); Sol Petroleum Bahamas Limited; Quantum Utility Generation; New Fortress Energy; Karpowership Latam Limited; Shell Gas; Aggreko International; Furnace and Lube Service Inc. (2 bids).
Foulkes seeks court ruling on union’s role for Sandals’ staff By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net
the entire staff has changed and therefore we are seeking a legal opinion on whether the current union is still recognised as the union for the employees. That is LABOUR Minister Dion something the Director of Labour Foulkes said yesterday he is seekis seeking advice on so he can ing a ‘legal opinion’ as to whether advise me,” said Mr Foulkes. the Bahamas Hotel MainteSix hundreds workers at Sannance and Allied Workers Union dals Royal Bahamian were made (BHMAWU) is still the barredundant back in August 2016 gaining agent for employees of when the resort announced a Sandals Royal Bahamian. $4m renovation to be undertaken BHMAWU president Donduring a two-month closure of the nell Ferguson recently called on property. FOULKES the government to intervene and The BHCAWU and its TUC address relations between the affiliate accused Sandals of the union and management at the all-inclu- “highest level of union busting” over the sive Cable Beach property. abrupt closure. BHMAWU and Sandals Mr Foulkes told Tribune Business: have been at odds over the issue of rec“I met with the union along with Obie ognition for years. BHMAWU secured a Ferguson of the Trade Union Congress 2011 ruling by the Privy Council that the (TUC) and we discussed the matter. The resort recognise it as the bargaining agent. whole question of recognition is one for Mr Foulkes said yesterday: “I have the employees and the union. There is been in talks with management and a whole process that has to be followed owners of the hotel with respect to many and once that is followed the Registrar issues including that. I don’t want to get of Trade Unions who is the Director of into the details of those discussions but I Labour would make recommendations in am very hopeful we can come to an amiterms of recognition. “Due to the layoffs cable solution which both sides can be at Sandals which occurred over a year ago, pleased with.”
$4.29 SOLUTION BEING SOUGHT FOR CLIFTON PIER SITE By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net ENVIRONMENT and Housing Minister Romauld Ferreira stressed yesterday the government is working on a long term solution to address environmental concerns at Clifton. Speaking at a press conference on the expression of interest for running the New Providence landfill, Mr Ferreira stated: “We are in the process of developing a restoration and remediation plan that would be bid ready for the Clifton Pier site. It’s a priority and we are also working on a long term solution. It is receiving attention at the Cabinet level and it will be a solution that everyone will be satisfied with. We studied the problem, we understand what is going on there and now we are in the process of getting a properly engineered site remediation and restoration.” Mr Ferreira said addressing the ongoing Clifton oil leaks is high on the Minnis administration’s agenda. “What you have there is a heavily impacted site and it has to be remediated. You have multiple operators there offloading fuel,” he said. Mr Ferreira also noted legislation which will give greater power to the Ministry of Environment is
SEE PAGE 5
ALIV AND KICKING FOR BAHAMAS BUSINESS By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net ALIV is pleased to announce its Business Solutions Team is now stronger and more efficient than ever following its initial launch earlier this year. From then to now, the Business Solutions provides corporate services for over 450 plus clients. Senior ALIV Solutions Partner, Delmaro Duncombe says ALIV remains committed to efficiently delivering on its mandate to provide superior products and services in The Bahamas and that includes its corporate partners. “We just want the business community to come to understand that when it comes to anything business technology oriented they don’t have to be concerned about any types of boundaries they may have to deal with currently. We allow all businesses mobile number portability, coverage throughout the entire Bahamas and we provide quicker, faster and stronger service. We are more than facilitative and incredibly responsive to our business clients. As it stands our business clients seem to more than usual be surprised at the fact they are able to reach someone very quickly and have their matters resolved if not right away in a timely manner with constant communication.”
SEE PAGE 5
PAGE 2, Tuesday, November 21, 2017
THE TRIBUNE
TECHNOLOGY COMPANIES, RETAILERS SEND US STOCK INDEXES HIGHER By MARLEY JAY AP Markets Writer NEW YORK (AP) — US stocks rose yesterday as a mix of smaller, US-focused companies, technology firms and banks climbed. Drugmakers struggled, which limited those gains. Retailers and smaller companies rose for the third day in a row as their latest quarterly reports have investors feeling better about the US economy and the amount of shopping people are likely to do over the holidays. Technology companies rose following another deal between chipmakers, and industrial companies also posted gains. Companies that sell opioid pain medications tumbled after the government released a new,
much higher estimate of the costs of the ongoing addiction crisis. Merck fell after a good report from competitor Roche about a drug that competes with Merck’s cancer medication Keytruda. Trading was relatively light. That’s probably going to be the case throughout the week as the Thanksgiving holiday approaches and investors turn their attention to 2018. Jeff Kravetz, regional investment strategist for US Bank Private Wealth Management, expects more gains for US stocks, but thinks indexes in other parts of the world will do better, as they’ve done this year. “We’ve got developed markets working and we’ve got emerging markets working,” he said. “This is
MARKET REPORT MONDAY, 20 NOVEMBER 2017
t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com
BISX ALL SHARE INDEX: CLOSE 2,066.83 | CHG 0.04 | %CHG 0.00 | YTD 128.62 | YTD% 6.64 BISX LISTED & TRADED SECURITIES 52WK HI 4.38 19.17 9.09 3.70 1.77 0.16 5.60 8.60 6.30 5.30 13.50 2.59 1.60 6.01 10.06 11.00 4.50 7.25 12.51 11.00
52WK LOW 4.06 17.43 8.19 3.50 1.13 0.12 3.50 8.40 5.83 3.15 9.00 2.18 1.40 5.82 8.78 5.75 3.35 6.61 12.01 10.00
1000.00 1000.00 1000.00 1000.00
1000.00 1000.00 1000.00 1000.00
PREFERENCE SHARES
1.00 103.00 100.00 106.00 105.00 103.00 100.00 10.00 1.01
1.00 100.00 100.00 100.00 105.00 100.00 100.00 10.00 1.00
SECURITY AML Foods Limited APD Limited Bahamas Property Fund Bahamas Waste Bank of Bahamas Benchmark Cable Bahamas CIBC FirstCaribbean Bank Colina Holdings Commonwealth Bank Commonwealth Brewery Consolidated Water BDRs Doctor's Hospital Famguard Fidelity Bank Finco Focol ICD Utilities J. S. Johnson Premier Real Estate Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Commonwealth Bank Class Fidelity Bank Class A Focol Class B
SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE
E J K L M N
CORPORATE DEBT - (percentage pricing) 52WK HI 100.00 100.00 100.00
52WK LOW 100.00 100.00 100.00
CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB
SECURITY Fidelity Bank Note 17 (Series A) + Fidelity Bank Note 18 (Series E) + Fidelity Bank Note 22 (Series B) +
SYMBOL FBB17 FBB18 FBB22
Bahamas Note 6.95 (2029) BGS: 2014-12-3Y BGS: 2015-1-3Y BGS: 2014-12-5Y BGS: 2015-1-5Y BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-3Y BGS: 2015-6-5Y BGS: 2015-6-7Y BGS: 2015-6-30Y BGS: 2015-10-3Y BGS: 2015-10-5Y BGS: 2015-10-7Y
BAH29 BG0103 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330 BG0403 BG0405 BG0407
BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
MUTUAL FUNDS 52WK HI 2.10 3.98 1.97 176.30 149.66 1.52 1.69 1.61 1.10 6.99 8.54 6.15 10.52 11.46 10.46
52WK LOW 1.67 3.04 1.68 164.74 116.70 1.46 1.62 1.56 1.04 6.41 7.62 5.66 8.65 10.54 9.57
LAST CLOSE 4.31 17.43 9.09 3.70 1.25 0.15 3.70 8.60 6.10 4.94 9.01 2.50 1.51 6.01 10.06 6.30 4.49 7.01 12.50 10.00 1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.00 LAST SALE 100.00 100.00 100.00 107.99 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
CLOSE 4.31 17.43 9.09 3.70 1.25 0.15 3.70 8.60 6.10 4.94 9.01 2.55 1.51 6.01 10.06 6.30 4.49 7.01 12.50 10.00
CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.40 100.00 100.00 100.00 10.00 1.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLOSE 100.00 100.00 100.00
CHANGE 0.00 0.00 0.00
107.97 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
-0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund FG Financial Preferred Income Fund FG Financial Growth Fund FG Financial Diversified Fund FG Financial Global USD Bond Fund Royal Fidelity Bahamas Opportunities Fund - Secured Balanced Fund Royal Fidelity Bahamas Opportunities Fund - Targeted Equity Fund Royal Fidelity Bahamas Opportunities Fund - Prime Income Fund Royal Fidelity Int'l Fund - Equities Sub Fund Royal Fidelity Int'l Fund - High Yield Fund Royal Fidelity Int'l Fund - Alternative Strategies Fund
VOLUME
10,000 10,525 200
644
VOLUME
NAV 2.10 3.98 1.97 176.30 149.66 1.52 1.69 1.61 1.09 6.97 8.00 6.25 10.96 11.60 10.08
EPS$ 0.444 0.932 -0.223 0.540 -1.373 0.000 -0.857 0.611 0.574 0.196 0.582 0.102 0.392 1.217 0.743 0.575 0.310 -0.668 0.543 0.000
DIV$ 0.080 1.000 0.000 0.210 0.000 0.000 0.000 0.300 0.220 0.120 0.570 0.060 0.050 0.290 0.450 0.000 0.120 0.140 0.600 0.000
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
P/E 9.7 18.7 N/M 6.9 N/M N/M -4.3 14.1 10.6 25.2 15.5 25.0 3.9 4.9 13.5 11.0 14.5 -10.5 23.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
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% 3.50% 3.88% 4.25%
20-Nov-2029 15-Dec-2017 30-Jul-2018 16-Dec-2019 30-Jul-2020 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2018 26-Jun-2020 26-Jun-2022 26-Jun-2045 15-Oct-2018 15-Oct-2020 15-Oct-2022
YTD% 12 MTH% 3.29% 4.48% 1.69% 2.22% 1.77% 2.42% 4.66% 3.89% 5.58% 6.65% 3.57% 4.29% 1.59% 2.22% 2.65% 3.25% 3.83% -1.09% -1.08% 1.77% -5.96% -3.05% 1.90% 4.59% 7.24% 11.96% 2.77% 3.88% 3.94% 4.69%
NAV Date 30-Sep-2017 30-Sep-2017 30-Sep-2017 30-Sep-2017 30-Sep-2017 31-Oct-2017 31-Oct-2017 31-Oct-2017 31-Oct-2017 30-Sep-2017 30-Sep-2017 30-Sep-2017 30-Sep-2017 30-Sep-2017 30-Sep-2017
MARKET TERMS BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 52wk-Hi - Highest closing price in last 52 weeks 52wk-Low - Lowest closing price in last 52 weeks Previous Close - Previous day's weighted price for daily volume Today's Close - Current day's weighted price for daily volume Change - Change in closing price from day to day Daily Vol. - Number of total shares traded today DIV $ - Dividends per share paid in the last 12 months P/E - Closing price divided by the last 12 month earnings
YIELD 1.86% 5.74% 0.00% 5.68% 0.00% 0.00% 0.00% 3.49% 3.61% 2.43% 6.33% 2.35% 3.31% 4.83% 4.47% 0.00% 2.67% 2.00% 4.80% 0.00%
YIELD - last 12 month dividends divided by closing price Bid $ - Buying price of Colina and Fidelity Ask $ - Selling price of Colina and fidelity Last Price - Last traded over-the-counter price Weekly Vol. - Trading volume of the prior week EPS $ - A company's reported earnings per share for the last 12 mths NAV - Net Asset Value N/M - Not Meaningful
TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525 | LENO 242-396-3225
THIS file photo shows the New York Stock Exchange. (AP Photo/Seth Wenig) just a wonderful year for patients who were given international markets after Tecentriq as part of their treatment regimen were a bit of a drought.” The Standard & Poor’s less likely to die or see their 500 index picked up 3.29 cancer get worse. The results could affect points, or 0.1 per cent, to 2,582.14. The Dow Jones sales of Merck’s drug and Bristolindustrial average gained Keytruda 72.09 points, or 0.3 per cent, Myers Squibb’s Opdivo. to 23,430.33. The Nasdaq Merck fell $1.10, or 2 per composite advanced 7.92 cent, to $54.10 and Bristolpoints, or 0.1 per cent, to Myers Squibb lost 52 cents 6,790.71. The Russell 2000 to $60.80. The Department of Jusindex of smaller-company stocks climbed 10.57 points, tice plans to file a lawsuit to stop AT&T from buying or 0.7 per cent, to 1,503.40. Chipmaker Marvell Tech- Time Warner. Shares of nology Group said it will Time Warner have stumbuy competitor Cavium for bled over the last two weeks $6 billion. Cavium jumped as investors anticipated $8.19, or 10.8 per cent, to that regulators might try to $84.02 and it’s up 22 per block the deal. The $85 bilcent over the last two weeks lion deal would give AT&T on reports Marvell would the Warner Bros. movie make a bid. Marvell rose studio and cable networks $1.30, or 6.4 per cent, to including HBO and CNN. Time Warner lost $1.01, $21.59. Other technology companies also rose. IBM or 1.1 per cent, to $87.71 added $1.54, or one per and AT&T added 13 cents cent, to $150.51 and Cisco to $34.64. Benchmark US crude fell Systems gained 60 cents, or 46 cents to $56.09 a barrel 1.7 per cent, to $36.50. A White House group in New York. Brent crude, said the opioid drug epi- which is used to price interdemic cost the US $504 national oils, dropped 50 billion in 2016, far larger cents to $62.22 a barrel in than other recent estimates, London. Wholesale gasoand companies that make line remained at $1.74 a those pain medications gallon. Heating oil lost 1 cent to $1.93 a gallon. Nattraded sharply lower. Last year a separate esti- ural gas slipped 5 cents to mate said the crisis cost $3.05 per 1,000 cubic feet. The dollar rose to 112.67 the country $78.5 billion in 2013, including lost produc- yen from 112.13 yen late tivity and health care and Friday. The euro slipped to $1.1732 from $1.1796 after criminal justice spending. The Council of Economic a group of German politiAdvisers said the new cal parties couldn’t agree to figure reflects the worsen- form a government, which ing crisis and that earlier might mean new elections figures didn’t calculate are on the way. A weaker euro is good deaths or include the use of illegal drugs. Allergan gave for companies that export up $3.76, or 2.2 per cent, a lot of products, and the to $171.12 and Teva Phar- German DAX was up 0.7 maceutical Industries fell per cent while France’s 76 cents, or 5.5 per cent, to CAC 40 rose 0.5 per cent. $13.08. Insys Therapeutics The FTSE 100 in Britshed 17 cents, or 3.2 per ain added 0.2 per cent. In cent, to $5.20. Executives Japan, the Nikkei 225 index including Insys’ founder lost 0.6 per cent and South and its former CEO have Korea’s Kospi shed 0.3 per been charged with offer- cent. Hong Kong’s Hang ing kickbacks to doctors Seng index added 0.2 per to get them to prescribe its cent. Gold slumped $21.20, fentanyl spray Subsys. Its or 1.6 per cent, to $1,275.30 stock traded above $40 in an ounce. Silver sank 53 cents, or 3.1 per cent, to mid-2015. Merck stumbled after $16.84 an ounce. Copper Genentech, a unit of Swiss gained 3 cents to $3.09 a drugmaker Roche, reported pound. Bond prices edged positive results from a study lower. The yield on the of its drug Tecentriq as a 10-year Treasury note rose primary treatment for lung to 2.36 per cent from 2.35 cancer. Genentech said per cent.
THE TRIBUNE
Tuesday, November 21, 2017, PAGE 3
Sir Sol Kerzner - a man the nation should honour By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net
WITH growing calls to recognise those who have made a difference in The Bahamas, leading luxury real estate broker Mario Carey today said the man he would like to nominate for Heroes’ Day in October 2018 might come as a surprise. “He is neither Bahamian by birth nor has he taken centre stage in politics but probably no one has made a greater impact on the national economy and international image than Sir Sol Kerzner, the founder of Atlantis, the One&Only Ocean Club, and creator of Ocean Club Estates,” said Mr Carey. “Sir Sol Kerzner put a modern Paradise Island on the map. I believe it is time that the Bahamian people honoured him for his vision, his belief in The Bahamas and his investment in this country at a time when it was desperately needed.” Carey said he had been thinking about how best to organise an honour for the influential hotelier for some time, but recent news that the One&Only Ocean Club would be re-branded a Four Seasons by the end of November increased the urgency. “The One&Only Ocean Club was pure Sol Kerzner, remodeled with immaculate attention to detail and style,” said Carey. “Even after ownership changed, the image that Sol Kerzner created persisted. If One & Only Ocean Club, the last vestige of Kerzner as a hotelier, does re-brand as announced, we owe
it to this remarkable individual to let him know how much has meant to The Bahamas over the last KERZNER quarter of a century.” It was the early 1990s, said Carey, when Kerzner first looked at the hotel properties on Paradise Island and where others saw cracks in the walls, outdated buildings and signs of despair, he saw potential. Over the next 20 years, he would pour more than $1 billion into renovations and new construction, creating more than 7,500 jobs, becoming the country’s largest private employer and second only to government in total numbers. Kerzner’s investments in training and marketing are unparalleled in the country’s history. “Without the vision of Sol Kerzner, it is hard to say where our tourism industry would be today. The man is not only a visionary of extraordinary proportions, he is also a hands-on operator, personally examining every detail and insisting on training standards the likes of which we had never
seen before in mass market tourism,” said Carey. “He opened doors and created opportunities for so many Bahamians and I am one who was fortunate to be among those whose lives are better because of him.” Carey, who holds a B.A. in real estate from Florida State University and the highest certifications in luxury property, has handled more than 135 transactions in Ocean Club Estates, including sales and purchases for all of the Kerzner family. In 2015, after more than 25 years in the business, including the presidency of his own firm, he launched the first international franchise of Better Homes and Gardens Real Estate. A triathlete and father of a son diagnosed with Asperger’s, the highest functioning form of Autism, he has been a strong supporter of R.E.A.C.H. and instrumental in garnering government support for persons with special needs. “All of us have personal history that drives us to become what we are,” said the real estate giant who has handled more than $2 billion in transactions. “Some rise to the top, making a difference along the way. Sol Kerzner was one who made the greatest
difference in the economy and while he was not a nation-builder in the traditional sense of the word, he helped build a nation that the world recognises for its beauty, warmth and hospitality.”
Kerzner was knighted by the Queen in 2010. Now 82, the South African born hotelier maintains a residence in Ocean Club Estates, though the properties he nurtured have since changed hands.
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PAGE 4, Tuesday, November 21, 2017
NOTICE
THE TRIBUNE
NOTICE
NOTICE
NOTICE is hereby given that JEAN PIERRE ALEXIS of Garden Hills, New Providence, 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 21st day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE is hereby given that JASON DESMOND CRISPIN HENFIELD of #73 Pioneer’s Loop, Freeport, Grand Bahama, Bahamas, is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 21st day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE is hereby given that RODNEL ODEUS of Carmichael Road, New Providence, 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 21st day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
NOTICE
NOTICE
NOTICE is hereby given that JESSICA THERESA TELUSMA of P.O. Box N-8693, Abaco, 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 21st day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
NOTICE is hereby given that NATASHIA D. GREAVES of Freeport, Grand Bahama, 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 14th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
NOTICE is hereby given that FENDI FANETTE LEBRANT SINORD of 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 14th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
NOTICE is hereby given that WYLKINNE LAURENT of Rocky Pine, P.O. Box N-1256, New Providence, 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 21st day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
NOTICE is hereby given that PETER GUILLAUME of Carmichael Road, New Providence, 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 21st day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE is hereby given that ROSE TIEMA CASIMIR of Carmichael Road, 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 14th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
NOTICE is hereby given that CHARLENE PIERRE of McCoullough Corner, 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 14th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
NOTICE is hereby given that WOODY JEAN of Marsh Harbour, Abaco, 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 21st day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE
NOTICE is hereby given that MASELINE CHER-AMI of David Street, Nassau, 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 14th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
TO ADVERTISE TODAY IN THE TRIBUNE CALL @ 502-2394
DELTEC BANK & TRUST LIMITED Invites applications for the position of
Project Assistant Strategy & Analytics (Temp) Role Responsibilities include: • Assist with project research and analysis • Contribute to project management • Perform competitive and market research • Assist with financial modeling and analysis • Create investor documents and presentations • Perform other tasks as necessary Key attributes • Curious, intelligent, resourceful, accountable Competencies • Strong numerical fluency • Robust logic • Exceptional organization skills • Capacity for conceptual problem solving • Self-directed work habits • Fine attention to detail Preferred Education • Associates degree in Economics, Accounting, Banking or Finance Interested persons may submit resumes to the Human Resources Department by email to
humanresources@deltecbank.com. Only applicants with the above qualifications will be contacted.
NOTICE is hereby given that JOHN LEONCE of Johnson Road, P.O. Box N-10026, New Providence, 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 21st day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, (as amended) NOTICE is hereby given that Woodinville Investments Limited is in dissolution and the date of commencement of the dissolution is 20 November 2017. Juan Pablo Jaramillo Tamariz LIQUIDATOR Panamericana Norte Km 12,5 Machangara, Challuabamba Cuenca, Ecuador NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, (as amended) NOTICE is hereby given that Sherbrooke Ventures Limited is in dissolution and the date of commencement of the dissolution is 20 November 2017. Pablo Daniel Jaramillo Vega LIQUIDATOR Panamericana Norte Km 12,5 Machangara, Challuabamba Cuenca, Ecuador NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, (as amended) NOTICE is hereby given that Hazleton Ventures Limited is in dissolution and the date of commencement of the dissolution is 20 November 2017.
Marcelo Jaramillo Crespo LIQUIDATOR Panamericana Norte Km 12,5 Challuabamba, Cuenca, Ecuador NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, (as amended) NOTICE is hereby given that Barnstable Ventures Limited is in dissolution and the date of commencement of the dissolution is 20 November 2017. Marcelo Jaramillo Vega LIQUIDATOR Panamericana Norte Km 12,5 Machangara, Challuabamba Cuenca, Ecuador
THE TRIBUNE
Tuesday, November 21, 2017, PAGE 5
NEEDED IMMEDIATELY
Certified IT Technicians Warehouse Attendants Send resumes to
jobs@pp-solutions.com ENVIRONMENT and Housing Minister Romauld Ferreira yesterday. Photo: Shawn Hanna/Tribune Staff
FERREIRA STARTS PROCESS TO FIND NEW LANDFILL MANAGER
NOTICE
NOTICE is hereby given that EDSON POLONY JOSEPH of South Beach Estates, New Providence, 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 14th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
FROM PAGE 1 landfill. “The company officially took over on August 1, 2014 and its management was replete with challenges. The previous government found itself rescuing Renew from its woes by putting out fires, paying contractors and providing a loan to Renew to pay its Bahamian staff and service providers to keep the landfill in operation,” said Mr Ferreira.
SOLUTION BEING SOUGHT FOR CLIFTON PIER SITE FROM PAGE 1 also on the administration’s agenda. Mr Ferreira while addressing a Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) breakfast last month acknowledged the government needs to “close the legislative gap” and establish the Ministry of Environment in law, enabling its Minister to introduce Bills when necessary.
ALIV AND KICKING FOR BAHAMAS BUSINESS
NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, (as amended) NOTICE is hereby given that Bellevue Ventures Limited is in dissolution and the date of commencement of the dissolution is 20 November 2017. Lorna Kemp and Magdaline Carey. LIQUIDATORS c/o Clairmont Trust Company Limited Pineapple Grove #5 Lyford Cay P.O. Box SP-64284 Nassau, Bahamas
NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, (as amended) NOTICE is hereby given that Berwick Ventures Limited is in dissolution and the date of commencement of the dissolution is 20 November 2017.
FROM PAGE 1 The ALIV Business Solutions team provides corporate services to Automobile, Consulting, Cleaning, Food, Marine, Government, Legal, Gasoline, Financial, Liquor, Medical and Security Services, Gaming, Information Technology, Importers, Exporters, Refrigeration, Union, Building & Construction, Education, Printing, Tourism, Aviation, Development, Insurance, Architecture, Clothing, Food store, Marketing & Media, Retail, Accounting, Charities, Hotel/Resort, Real Estate, Tours and Other sectors. ALIV believes in the promotion of the advancement and promotion of technology in as many ways as possible and in the very near future ALIV Business Solutions will also be offering its clients a special online portal where the client will be able to monitor all account details including but not limited to monthly data usage per client, monthly local calls, international calls and roaming summaries. All inclusive of broken down data and charges that would apply.
Ana Karina Jaramillo Vega LIQUIDATOR Panamericana Norte Km 12,5 Machangara, Challuabamba Cuenca, Ecuador
NOTICE Pursuant to the provisions of Section 138 (4) of the International Business Companies Act, (as amended) NOTICE is hereby given that Winterland Ventures Limited is in dissolution and the date of commencement of the dissolution is 20 November 2017.
Marcelo Jaramillo Crespo LIQUIDATOR Panamericana Norte Km 12,5 Challuabamba, Cuenca, Ecuador
Notice is hereby given of the loss of Bahamas Government Registered Stock Certificate as follows: Stock Interest Rate BGRS 2014-2017 1.25000% APR
Certificate No. 50063
Maturity Date Amount 2017 B$1,000.00
If found please return to The Central Bank of The Bahamas, or call 424-3844.
PAGE 6, Tuesday, November 21, 2017
THE TRIBUNE
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