11222017 business

business@tribunemedia.net

WEDNESDAY, NOVEMBER 22, 2017

$4.25

$4.29

$4.50

New job bill will ensure ‘Bahamians are priority’

By MORGAN ADDERLEY

T

he government’s new Commercial Enterprises Bill will ensure “that Bahamians are the priority,” despite the fact it will “liberalise the granting of work permits” to foreign companies.

Officially known as an Act for the Designation of Specified Commercial Enterprises and Specified Economic Zones in The Bahamas, the Commercial Enterprises Bill “seeks to liberalise the granting of work permits to an enterprise that wishes to establish itself in the Bahamas, and requires work permits for its management team and key personnel.”

However, Press Secretary to the Prime Minister Anthony Newbold noted yesterday the company’s investment “must be a minimum of $250,000.”

Mr Newbold said the bill “limits the amount of any work permits that will

New Commercial Enterprises Bill seeks to ‘liberalise the granting of work permits’ need to be issued, ensuring that Bahamians are the priority.” “[The] bill will also require investing companies to make an investment in training Bahamian employees so that they are able to work and prosper in these new roles that will be created and ensuring that Bahamian employees are given the opportunity to work at all levels of the company making the investment.

“The government will continue its move towards creating the environment that the country needs to grow economically, ensuring stable long-term employment for many Bahamian families. The prime minister has spoken often about creating a level playing field and a

A VIEW of the RIU Palace Paradise Island.

Staff head back to work as RIU reopens

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MORE than 300 workers at the RIU Palace Paradise Island are returning to work after the resort reopened its doors after a multi-million dollar summer refit.

And next week RIU will be showing off its revamp to more than a dozen international journalists while and promoting the Bahamas as a ‘unique destination’ to visit.

Labour Minister Dion Foulkes confirmed to Tribune Business yestersday the arrangement regarding the reengagement of the resort’s employees ‘still stands’.

Back in July Labour Minister Dion Foulkes in a statement said the hotel was undertaking a three-month $25m renovation, resulting in its temporary closure. He noted the more than 300 employees at the property

were expected to be reengaged. Virginia Casado Castillo, press manager America, RIU, told Tribune Business: “We are organising an international press trip to present the hotel and promote the Bahamas as a unique destination.”

That trip she noted will take place from November 30 to December 3. “We will host 16 journalists from Canada and the US.” RIU Hotels & Resorts reopened its hotel on Paradise Island on October 27 after a complete renovation. The 379-room hotel has been a part of the RIU chain since 2005.

The hotel boasts of facilities which include two swimming pools, one of them with a swim-up bar, a daily barbecue station next to the pool and four a la carte restaurants: the Japanese ‘Tengoku’, the steakhouse ‘Bahamas’, the fusion cuisine of ‘Krystal’ and the new one after the reopening, ‘Chutney’, with Indian specialties.

ANTHONY NEWBOLD meritocracy for those who are willing and prepared to earn their way into higher paying jobs.”

According to Mr Newbold, not only is the bill expected to “lead to higher paying jobs,” it will “allow the private sector to drive

job creation and not the government,” and promote “diversity in the economy.”

He added: “The bill will encourage investment in the Bahamas by allowing companies from many different sectors to make investments in [the] country, ensuring that Bahamians will be able to work in a diversified economy that will not depend on tourism alone. [It also] allows for companies to be located throughout the country and not just one targeted area.”

Mr Newbold also noted this bill will aid “the introduction of the technology hub in Grand Bahama and other industries that could emerge in other islands.”

According to Tribune Business, if passed into law as is, the legislation

would enable a “specified commercial enterprise” to obtain an Investments Board certificate granting it a specific number of work permits for certain positions.

The certificate, which will initially be issued for one year and can be renewed, would allow key personnel to set up the company’s physical operations in the Bahamas before they obtained a work permit.

Such a permit must be applied for within 30 days of their entry, and the bill mandates the Director of Immigration to make a decision on approval within 14 days of receiving the application. If the director does not respond within that timeframe, the

SEE PAGE 3

$4.29

ATLANTIS NEAR SELLOUT FOR HOLIDAY WEEKEND

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net ATLANTIS’S occupancy for the Thanksgiving weekend is ‘over 90 percent’, according to a senior executive at the resort with the annual ‘Battle for Atlantis’ tournament a ‘significant contributor’ to its boost in business for the period.

Ed Fields, Atlantis’ senior vice-president of public affairs told Tribune Business: “We are over 90 percent and Battle for Atlantis is a significant contributor as it has since the tournament’s inception.”

Now in its seventh year of elite collegiate tournament play, the 2017 Battle for Atlantis tournament sponsored

by Bad Boy Mowers will include Villanova University, The University of Arizona, Pursue University, NC State University, University of Tennessee, Knoxville, SMU, Western Kentucky University and the University of Northern Iowa.

The early season tournament field boasts a combined 16 Final Four appearances and 5 National Championships between the field. The annual Battle 4 Atlantis once again falls during the Thanksgiving holiday, The 12-game, three-day tournament starts today and is regarded as one of

SEE PAGE 4

PAGE 2, Wednesday, November 22, 2017

THE TRIBUNE

MOBILE

APP

Take us with you Everywhere you go!

THE TRIBUNE

Wednesday, November 22, 2017, PAGE 3

Help Wanted

Transport Manager with certificate and at least 5 years experience 803-8016.

Bahamas Top Deck Tours Ltd.

NEEDED IMMEDIATELY

Certified IT Technicians Warehouse Attendants Send resumes to

jobs@pp-solutions.com

A VIEW of the Grand Lucayan resort in Freeport, Grand Bahama.

Grand Lucayan deal has to be right

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net WHILE acknowledging there are several prospective purchasers interested in the Grand Lucayan resort, Press Secretary Anthony Newbold said yesterday the Minnis administration will only move if they are comfortable with what is being offered.

Speaking to reporters at a weekly press briefing yesterday Mr Newbold said: “There are lots of people interested in the property.

I know that everybody wants good news which is important, certainly when it

comes to jobs, even though the government has committed to keeping the jobs that are there.

“Whatever they are doing looks good. In fact there are several people interested in purchasing the property,” he added.

Stakeholders on Grand Bahama have expressed concern over the economic impact of the resort’s prolonged closure and the government’s silence regarding a potential sale of the property.

Tourism has declined significantly on Grand Bahama since the Grand Lucayan and Memories Resort closed last October because of hurricane

NEW JOB BILL FROM PAGE 1

work permit will be “automatically deemed to have been granted”. Work permits issued under the bill’s provisions will be for a three-year period, and are renewable for the same duration. They can only be revoked on grounds of “public safety, public morality or national security”.

The bill will be debated in the House of Assembly today.

damage. The property was put on the market for sale, however, a proposed deal with prospective buyer the Wynn Group fell through.

Paul Wynn, CEO of the Canadian real estate development company, recently revealed his company’s offer to purchase the Grand Lucayan resort in Freeport is back on the table.

Minister of Finance Peter Turnquest said last week announcements related to the reopening of the Grand Lucayan will be made in “short order”.

“They have to be comfortable that whatever is being offered will be beneficial to the Bahamian people to the people and not that jobs aren’t important, but you are not going to put a couple of jobs on the table and have the people indebted for another another 50 years and put them in a hole which will be difficult to dig out of. This administration is not prepared to do that,” said Mr Newbold.

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 4, Wednesday, November 22, 2017

THE TRIBUNE

Yellen says Fed needs to avoid ‘boom-bust’ cycle in economy

By MARTIN CRUTSINGER Associated Press WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that the biggest challenge facing the central bank in coming years will be to craft an interest rate policy that avoids putting the economy through a “boom-bust” cycle.

She said that going forward, the Fed will be faced with a delicate balancing act: It will need to move rates up at a pace that allows the labor market to improve and inflation to move toward the Fed’s target. This while not delaying hikes to the point where the Fed is forced to push rates up so quickly that it threatens to throw the country into recession.

Yellen’s comments at New York University echoed previous remarks on inflation, indicating that the Fed is still preparing to boost rates again in December, its third hike this year.

“Moving monetary policy too slowly ... has risks,” Yellen said, particularly if unemployment, already at 4.1 percent, the lowest

in nearly 17 years, begins to fall even more quickly.

That could trigger a sudden jump in inflation, forcing the Fed to respond with more aggressive rate hikes that could spell the end of the current economic expansion, already the third longest in history. “We don’t want a boom-bust situation,” Yellen said.

As she has in the past, Yellen said Fed officials remain puzzled why inflation, which had begun moving toward the Fed’s 2 percent target, has retreated for several months this year. She said officials still believe this is being caused by temporary factors such as a price war among cellphone companies but that the Fed needs to monitor inflation carefully. Yellen’s appearance sponsored by NYU’s Stern School of Business came one day after she submitted a resignation letter to President Donald Trump, saying she will leave the central bank’s board when Jerome Powell is confirmed as her successor as Fed chairman.

Yellen, the first woman to head the central bank, was not chosen by Trump for a second four-year term

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, ROOBENS ELUSME of New Providence, Bahamas intend to change my name to ROOBENS FATAL. 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 the publication of this notice.

NOTICE

NOTICE is hereby given that BERNICE CATY of Water Street, Big Pond, P.O.Box N9426, 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 15th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

FEDERAL Reserve Chair Janet Yellen participates in a moderated discussion at New York University’s Stern School of Business yesterday in New York.

(AP Photo/Craig Ruttle) as chairman, becoming the

first Fed leader not to be

NOTICE

NOTICE is hereby given that ROWNA FRANCOIS of Romer Street, Fox Hill, 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 15th 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 NELSON ETIENNE of Podoleo Street, P.O. Box N9426, 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 15th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

offered a second term in

nearly four decades.

Yellen, who participated in a discussion at NYU with Mervy King, the former head of the Bank of England, was not asked about her feelings about not getting a second term. But she did say in answer to a question that she had enjoyed good relationships with officials in both the Obama and Trump administrations.

She noted she has met regularly with Treasury Secretary Steven Mnuchin and Gary Cohn, the head of the president’s National Economic Council.

“These interactions follow certain rules,” Yellen said. “The first rule is that the Federal Reserve is independent within the government and the Fed has to make its own decisions about monetary policies.”

She said all the administration officials she met with during her four years as Fed chair understood the importance of the Fed’s independence. Powell, a Republican who has been on the Fed board since 2012, will have his Senate confirmation hearing next week. He is expected to have little trouble winning Senate approval.

ATLANTIS NEAR SELL-OUT FOR HOLIDAY WEEKEND FROM PAGE 1 the most challenging early-season tournaments. Sports Illustrated has ranked the Battle 4 Atlantis tournament as the top early season college basketball tournament to watch.

Other Nassau/Paradise Island resort properties also reported solid bookings for the Thanksgiving period.

Gary Williams, the Sandals Royal Bahamian general manager told Tribune Business the all-inclusive Cable Beach resort’s business for the Thanksgiving period was also ‘looking good’.

NOTICE

NOTICE is hereby given that SOPHONIE SAINT-LOUIS of Butter Street, Nassau Village, 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 twentyeight days from the 15th day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

Legal Notice

NOTICE

NOTICE IS HEREBY GIVEN as follows: (a) ENTERPRISE (BAHAMAS) LTD. is in dissolution under the provisions of the International Business Companies Act 2000 (b) The Dissolution of said Company commenced on October 26, 2017 when its Articles of Dissolution were submitted and registered by the Registrar General. (c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd Terrace West, Centreville, Nassau, Bahamas. (d) All persons having Claims against the above-named Company are required on or before the November 23rd, 2017 to send their names and addresses and particulars of their debts or claims to the Liquidator of the company or, in default thereof, they may be excluded from the benefit of any distribution made before such debts are proved.

October 27, 2017 ZAKRIT SERVICES LTD. LIQUIDATOR OF THE ABOVE-NAMED COMPANY

THE TRIBUNE

Wednesday, November 22, 2017, PAGE 5

LED BY TECHNOLOGY AND HEALTH CARE, STOCKS SET MORE RECORDS

By MARLEY JAY Associated Press NEW YORK (AP) — The market’s biggest winners this year, technology and health care, powered US stock indexes to more all-time highs yesterday.

Huge technology companies like Apple and Facebook continued their ascent, while strong reports from companies including medical device maker Medtronic and construction and technical services company Jacobs Engineering helped health care and industrial companies, respectively.

Basic materials companies, which have done better than the rest of the Standard & Poor’s 500 index, also rose. Telecommunications companies declined, while energy companies and banks didn’t do as well as the rest of the market.

Apple, Facebook, Alphabet, Microsoft and Amazon, the five most valuable companies on the stock market, all rose more than one percent, and they’ve all had a very strong year. JJ Kinahan, chief market strategist at TD Ameritrade, said that’s not about to stop.

“They’re seeing better earnings, better sales, better growth,” he said. “It’s difficult to argue with that.”

The S&P 500 index climbed 16.89 points, or 0.7 percent, to 2,599.03. The Dow Jones industrial average gained 160.50 points, or 0.7 percent, to 23,590.83.

The Nasdaq composite added 71.77 points, or 1.1 percent, to 6,862.48.

The Russell 2000 index of smaller-company stocks rose for a fourth day and picked up 15.49 points, or 1 percent, to 1,518.89. All four indexes set records.

The Russell had struggled in recent weeks, but on Tuesday it beat its record close from early October.

Big-name technology companies lead the way overall. Apple rose $3.16, or 1.9 percent, to $173.14 and Facebook added $3.12, or 1.7 percent, to $181.86.

Health care companies climbed as well. Those two sectors are the best-performing parts of the market this year.

Homebuilders climbed after the National Association of Realtors said sales of homes grew in October.

They’re down slightly from last year because there are so few houses on the market, but the tight supply and rising prices have sent homebuilder stocks soaring this year. On Tuesday, NVR advanced $59.69, or 1.8 percent, to $3,377, while D.R. Horton gained $1.15, or 2.4 percent, to $49.35.

Along with those reports, investors were cheered by projections from Goldman Sachs analyst David Kostin, who forecast that the S&P 500 will rise 14 percent in 2018 if corporate taxes are cut. Kostin, who didn’t think stocks would rise that much this year, now says the bull market could last three more years, with continued economic growth and lower taxes taking the S&P 500 to 3,100 by the end of 2020.

Kinahan, of TD Ameritrade, said the potential tax cuts might help stocks in another way: usually,

IN this file photo, people walk to work on Wall Street beneath a statue of George Washington in New York.

(AP Photo/Mark Lennihan) investors might sell some of their holdings after a betterthan-expected year like this one. But right now, they’re not sure what their taxes will look like in 2018.

“People may not be taking profits as aggressively at the end of this year as they would in a normal year because they’re not sure where the tax plan will come out,” he said.

Medtronic jumped after it posted profit that was larger than analysts had expected.

The company said sales of heart devices including newer devices like its CoreValve Evolut Pro heart valve, drove its sales higher in the fiscal second quarter.

The stock rose $3.76, or 4.8 percent, to $82.66.

Signet Jewelers plunged $23.05, or 30.4 percent, to $52.79 after the company slashed its annual forecast.

The company recently sold its highest-quality loans to Alliance Data Systems, but the company said “disruptions” related to that move have affected sales, especially for its Kay brand.

Alliance Data Systems fell 83 cents to $223.84.

Aaron’s, which is running a lease-payment programme for other Signet customers, fell 54 cents, or 1.5 percent, to $36.20.

Campbell Soup’s profit and sales both fell a bit short of analysts’ forecasts.

The company reported a 9 percent drop in soup revenue and said carrot costs

increased. It also faced greater logistics costs in the aftermath of the hurricanes.

The stock shed $4.09, or 8.2 percent, to $45.84.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.36 percent from 2.37 percent.

Benchmark U.S. crude oil rose 41 cents to $56.84 a barrel in New York, while Brent crude, the international standard, added 35 cents to $62.57 a barrel in London.

Wholesale gasoline climbed 3 cents to $1.77 a gallon.

Heating oil was little changed at $1.94 a gallon.

Natural gas slipped 3 cents to $3.02 per 1,000 cubic feet.

Gold rose $6.40 to $1,281.70 an ounce. Silver added 12 cents to $16.96 an ounce. Both metals had taken sharp losses Monday.

Copper rose four cents to $3.13 a pound.

The dollar slipped to 112.44 yen from 112.67 yen.

The euro rose to $1.1742 from $1.1732.

Germany’s DAX gained 0.8 percent and the CAC 40 of France CAC 40 rose 0.5 percent. The FTSE 100 index in Britain rose 0.3 percent.

Japan’s Nikkei 225 rose 0.7 percent while the Kospi in South Korea added 0.1 percent. The Hang Seng in Hong Kong rose 1.9 percent, its biggest gain in two months.

NOTICE Gemini Invest & Trade Limited In Voluntary Liquidation

NOTICE Veritas Business Limited In Voluntary Liquidation

NOTICE THREATS INVESTMENT LTD. In Voluntary Liquidation

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, Gemini Invest & Trade Limited is in dissolution as of November 17th, 2017.

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, Veritas Business Limited is in dissolution as of November 15th, 2017.

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, THREATS INVESTMENT LTD. is in dissolution as of November 20th, 2017.

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

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

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

LIQUIDATOR ______________________

LIQUIDATOR ______________________

LIQUIDATOR ______________________

NOTICE LARBU OVERSEAS INC. In Voluntary Liquidation

NOTICE SH OVERSEAS CORP. In Voluntary Liquidation

Legal Notice

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, LARBU OVERSEAS INC. is in dissolution as of November 20th, 2017.

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, SH OVERSEAS CORP. is in dissolution as of November 20th, 2017.

NOTICE INTERNATIONAL BUSINESS COMPANIES ACT (No. 45 of 2000)

MEKSTON LIMITED In Voluntary liquidation

“Notice is hereby given that in accordance with Section 138 (4) of the International Business Companies Act (No. 45 of 2000).

MEKSTON LIMITED, is in Dissolution.”

The date of commencement of dissolution is the 19th day of October, 2017.

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

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

LIQUIDATOR ______________________

LIQUIDATOR ______________________

NOTICE SATURN GALAXY INC. In Voluntary Liquidation

NOTICE BOGAK COMMERCIAL LTD. In Voluntary Liquidation

NOTICE HAPPY SEA BUSINESS INC. In Voluntary Liquidation

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, SATURN GALAXY INC. is in dissolution as of November 16th, 2017.

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, BOGAK COMMERCIAL LTD. is in dissolution as of November 15th, 2017.

Notice is hereby given that in accordance with Section 138(4) of the International Business Companies Act. 2000, HAPPY SEA BUSINESS INC. is in dissolution as of November 16th, 2017.

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

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

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

LIQUIDATOR ______________________

LIQUIDATOR ______________________

LIQUIDATOR ______________________

Ekaterina Vasilyevna Shestakova of Molodezhnaya Street, Bld. 6A, Apt. 373, Chekhov, Russian Federation Liquidator

PAGE 6, Wednesday, November 22, 2017

THE TRIBUNE

NOTICE

NOTICE is hereby given that KENNY LHOMME of Sandilands Village 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 15th 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 VICKY ADDLY of Stapleton Garden, P.O.Box CB11023, 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 15th 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 Woodly 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 22nd 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 VERRILUS SYLVERRAIN of Governor’s Harbour, Eleuthera, Bahamas, is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/ naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 15th 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 GELIKA FRANCOIS of Kemp 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 22nd day of November, 2017 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

MARKET REPORT TUESDAY 21 NOVEMBER 2017

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

BISX ALL SHARE INDEX: CLOSE 2,065.63 | CHG -1.20 | %CHG -0.06 | YTD 127.42 | YTD% 6.57 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 E Commonwealth Bank Class J Commonwealth Bank Class K Commonwealth Bank Class L Commonwealth Bank Class M Commonwealth Bank Class N Fidelity Bank Class A Focol Class B

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

52WK LOW 100.00 100.00 100.00

SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE 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 2.55 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 100.00 100.00 100.00 107.97 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

CLOSE 4.31 17.43 9.09 3.70 1.25 0.15 3.70 8.60 6.10 4.93 9.01 2.64 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 -0.01 0.00 0.09 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

107.98 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

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

25,933 1,764 11,000

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

P/E 9.7 18.7 N/M 6.9 N/M N/M -4.3 14.1 10.6 25.2 15.5 25.9 3.9 4.9 13.5 11.0 14.5 -10.5 23.0 0.0

YIELD 1.86% 5.74% 0.00% 5.68% 0.00% 0.00% 0.00% 3.49% 3.61% 2.43% 6.33% 2.27% 3.31% 4.83% 4.47% 0.00% 2.67% 2.00% 4.80% 0.00%

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

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

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

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

INTEREST 7.00% 6.00% Prime + 1.75%

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

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

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.

THE TRIBUNE

Wednesday, November 22, 2017, PAGE 7

SUPPORT THE BLOOD BANK

SAVE A LIFE GIVE THE GIFT OF

BLOOD

BECOME A REGULAR DONOR

1 PINT CAN SAVE 3 LIVES GIVE BLOOD - GIVE LIFE

SOME HELPFUL TIPS BEFORE YOU DONATE:

4 You must have eaten at least once for the day.

4 You need at least 30 minutes between your last meal and donating blood.

4 You will need at least 10 minutes rest after donating blood.

4 You can donate blood every 8 weeks.

4 The Blood Bank will do FREE Pre-screening tests to make sure you are healthy enough to donate blood.

BECOME A REGULAR DONOR

PLEASE ENCOURAGE YOUR COLLEAGUES TO SUPPORT THE BLOOD DRIVES

TO ADVERTISE TODAY, CALL @ 502-2394

PAGE 8, Wednesday, November 22, 2017

THE TRIBUNE