12092020 BUSINESS

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WEDNESDAY, DECEMBER 9, 2020

$3.98 Activists: Oil explorer EIA ‘falls far short’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

ACTIVISTS yesterday alleged Bahamas Petroleum Company’s (BPC) environmental impact studies “fall far short” of what is required by this nation’s laws and could facilitate breaches of international treaties.

Waterkeepers Bahamas and the Coalition to Protect Clifton Bay, in launching their bid to obtain permission to bring Judicial Review proceedings to halt oil drilling in Bahamian waters, claimed that plans outlined in BPC’s Environmental Impact Assessment (EIA) could breach the so-called MARPOL convention that regulates pollution by shipping.

Drawing on an EIA review they commissioned, the two groups alleged that plans to discharge so-called “black water” and crushed food waste from the Stena IceMAX drill ship could violate MARPOL’s prohibition on vessels disposing of waste less than three nautical miles “from the nearest land”.

With MARPOL defining “the nearest land” as the “baseline from which” a country’s territorial sea is measured, the activists drew on The Bahamas’ Archipelagic Waters and Maritime Jurisdiction Act that determines this nation’s “baseline” as extending 12 miles from the nearest land - “not the coastline”.

As a result, they are alleging that the site of BPC’s Perseverance Once well “is right on the edge of the Bahamian archipelagic waters”, thus putting it within the limits where MARPOL permits the discharge of ships’ waste.

“The decisions to approve the EIA and grant Environmental Authorisation are unlawful because the BPC EIA contains the express intention to dump treated sewage at the rate of an estimated 6,000 gallons (22,700 litres) per day and comminuted food waste at the rate of 900 pounds (400 kg) per day in or within nautical miles of Bahamian archipelagic waters, in breach of MARPOL and Bahamian law,” the Judicial Review alleges.

“If the project goes ahead, BPC and Stena will be in almost immediate and daily breach of MARPOL, and will be committing daily offences under Bahamian law. The decisions to approve the BPC EIA and to grant Environmental Authorisation in respect thereof for this reason alone were unlawful.”

BPC’s attorneys, in a letter to Fred Smith QC, the Callenders & Co attorney and partner who represents the activists in their Judicial Review bid to halt the company’s exploratory drilling plans, dismissed attacks on the EIA as being of no merit.

“You have made some scattershot criticisms of the EIA, but they are completely unfounded,” Leif Farquharson, a Graham, Thompson & Company attorney and partner, wrote.

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$3.92

Oil explorer fearing up to $500m harm

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

T

HE Bahamas Petroleum Company (BPC) fears it could suffer “up to $500m in economic harm” if environmental activists succeed with yesterday’s legal bid to halt its oil drilling plans.

The company’s Bahamian attorneys, in a letter that unsuccessfully sought to dissuade the launch of Judicial Review proceedings, argued that the “unconscionable” move was “doomed to fail” and “contrary to the public interest” by attempting to block The Bahamas from discovering whether it possesses a natural resource that could financially benefit its people.

Leif Farquharson, a Graham, Thompson & Company attorney and partner,

• BPC attorneys say legal action ‘doomed to fail’ • Injunction would add ‘over $16m’ to its costs • Activists ‘harried and oppressed’ on court bid

FRED SMITH QC in a nine-page response to activist demands that BPC give an undertaking not to begin exploratory oil drilling until the Judicial Review action’s merits are decided, argued that BPC’s rights and interests would suffer “very serious prejudice” were an

injunction obtained from the Supreme Court.

His November 30, 2020, letter to Fred Smith QC, the Callenders & Co attorney and partner who represents the activists, said BPC would incur costs “in excess of $16m” if it were

forced to halt plans to drill its Perseverance One well at the 11th hour.

With the drilling ship, the Stena IceMAX, already well on its way to The Bahamas ahead of a December 20, 2020, start date that is just 11 days away, Mr Farquharson said his client had spent some $9.1m in preparation for this day after obtaining its Environmental Authorisation (EA) and other necessary environmental approvals in February 2020.

Given that the activists, represented by Waterkeepers Bahamas and the Coalition to Protect

ENVIRONMENTAL activists yesterday alleged the delayed legal challenge to oil exploration in Bahamian waters resulted after they were lulled into a false sense of security by a Cabinet minister.

Waterkeepers Bahamas and the Coalition to Protect Clifton Bay, in their bid for Supreme Court permission to launch Judicial Review proceedings that seek to overturn the permits granted to the Bahamas Petroleum Company (BPC), claimed they and others were “misled” by Romauld Ferreira, minister of the environment and housing, at a May 2018 meeting.

Recalling the meeting, which was attended by the likes of the Bahamas National Trust (BNT) and companies such as Dolphin Encounters, the two groups asserted that Mr Ferreira

given that BPC’s receipt of EA approvals was made public in late February 2020.

The Supreme Court’s rules require that Judicial Review applications be filed within six months of when grounds for such an action arise, but the Waterkeepers Bahamas and Coalition to Protect Clifton Bay move is taking place more than nine months after the EA announcement - a point made by BPC’s attorneys, Graham, Thompson & Company.

To address arguments that they are non-compliant with this rule, and thus “out of time”, the activists blamed the disruption caused by the subsequent COVID-19 lockdowns and curfews as well as BPC’s decision to suspend drilling

‘Let’s get out of the private sector’s way’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

plans originally scheduled for April.

Arguing that they “maintained the hope that the minister’s May 2018 assurance would be honoured” after BPC’s self-enforced halt, the Judicial Review filings alleged: “The applicants were misled by the minister in May 2018 into thinking the project would not go ahead, and so were unprepared when the February decisions were announced.”

Recalling events at that time, the activists claimed: “Three weeks after the BPC EA application, and the BPC EIA and EMP were submitted, which was not known to them at the time, Joseph Darville, in his

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• Allege Ferreira said ‘never’ to permits • Blame this for delayed legal challenge • BPC attorneys: ‘You’ll fail at first hurdle’ “gave a commitment to all present that there ‘never’ would be permission given for offshore drilling for oil in The Bahamas”.

However, Waterkeepers Bahamas and the Coalition to Protect Clifton Bay (Save the Bays) alleged that unknown to all present, BPC had submitted its application for Environmental Authorisation (EA) for its first exploratory well - and the associated Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP) to the ministry some three weeks before that meeting.

The activists, in legal papers filed yesterday, were forced to explain the lengthy delay in filing their Judicial Review challenge

MATT AUBRY

THE Bahamas must not lose sight of urgent structural reforms as it focuses on immediate needs, a governance reformer warned yesterday, adding: “Let’s get out of the private sector’s way.”

Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive director, told Tribune Business that it remained critical to address The Bahamas’ underlying faults that date from pre-COVID-19 while it continues to grapple with the pandemic’s fall-out.

Describing the International Monetary Fund’s (IMF) recent growth and fiscal forecast as “reasonable”, he added: “The reality is we need to correct some of these structural pieces that are in place to make it easier to invest further, and drive investment by locals and foreigners.

“Are we doing what we need to do to get there?

What is going to drive us out of this is fostering and shoring up private sector opportunities in industries and areas, and levels of taxation, that we may never have thought of before.

“Let’s get out of the way of the private sector so that whatever system we have there not be these obstacles.

Let’s apply concepts everyone seems to agree on, such as the ease of doing business, digitisation, procurement system monitoring and managing the government’s finances and how money is disbursed,” he continued.

“These are going to be critical things to allow the private sector to develop out, whether it’s businesses we have or businesses to come. We have to have a much clearer road from

Activists ‘misled’ by minister on oil drill

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

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Small business survivors: 90% to keep doors open

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net SOME 90 percent of small business survivors plan to “stay in business” fully after the recent COVID-19 easing sparked more optimism among entrepreneurs, a sector consultant revealed yesterday.

Mark A Turnquest, pictured, president of the 242 Small Business Association and Resource Centre that plans to formally launch in January, told Tribune Business the mood would have been much different if restrictions had persisted into December.

• Remaining firms ‘battle tested’ despite losses • Consultant says one-third of jobs slashed • COVID restrictions eased just in time Describing his clients and other micro, small and medium-sized (MSME) survivors as “battle hardened”, he said “everybody and their Ma” was seeking to access the $5,000 grant funding being made available through the Small Business Development Centre (SBDC).

Revealing that he had completed 40 such applications on behalf of clients himself, Mr Turnquest said:

“All the restructuring has taken place. They’ve laid off who they were supposed to lay-off and kept on who they wanted to keep on.

“They’ve moved full force. The majority of businesses kept on, on average, 65 percent of their staff. My small business clients are optimistic, surprisingly, and they are staying in business.

At least 90 percent of them have indicated at this point in time they are willing to stay in business fully.

“They have already felt

the pain, the losses, and have reduced their staff, streamlined their inventory, are looking at more value-added products for customers, and are developing good marketing machines. A lot of them have blended online and offline sales, and are taking money transfer payments, electronic wallet payments.

They’re in a better position to face next year.”

With the timing and roll-out of any COVID-19 vaccine in The Bahamas

“still a question in the air”, Mr Turnquest predicted that this nation would not start to feel the full benefits until the 2021 third quarter.

“Hopefully everything is going to rev up, and then we will be in a good position,” he added. “I was very concerned about the gym owners. All of them took over a $100,00 hit in lost revenue, rent and transfer costs.

“All of them are broke.

If you don’t have sales for nine months..... All of them took a hit that was out of this world. If you don’t have sales for nine months, I don’t care who you are, you will be broke. And when I say

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PAGE 2, Wednesday, December 9, 2020

THE TRIBUNE

PANDEMIC ‘ACCELERATES’ FUND INDUSTRY CHANGE, ARGUES EY A BAHAMAS-based EY (Ernst & Young) partner says the COVID-19 pandemic has “only further accelerated” the global investment fund industry’s embrace of technology.

“The technological transformation occurring in the alternative fund industry has been accelerating quickly over the past few years, and the COVID19 pandemic only further

accelerated change,” said Tiffany Norris-Pilcher, who is also the accounting firm’s regional emerging manager platform leader. “Alternative fund managers that haven’t made technology the focus will lag the competition in the years to come.”

She spoke out after EY released its 2020 Global Alternative Fund Survey, which found that the

Oil explorer fearing up to $500m harm FROM PAGE ONE Clifton Bay (Save the Bays), had waited until the last minute to mount their legal challenge despite knowing of BPC’s plans for months, the company’s attorneys asserted that the “balance of convenience lies overwhelmingly” against the Supreme Court ordering a drilling halt.

“An injunction that BPC must suspend exploratory drilling would cause very serious prejudice to BPC,” Mr Farquharson wrote.

“The injunction would also be entirely contrary to the public interest, which lies in determining as speedily as possible whether The Bahamas has viable offshore assets.

“A total of approximately $120m has been expended since 2007 on the process of securing rights in The Bahamas to reach the point where it is able to commence exploratory drilling.

BPC has incurred $9.1m on the project in specific reliance on the minister’s (Romauld Ferreira, minister of the environment) of February 25, 2020.”

Asserting that an injunction would cause “direct financial loss” to BPC and its shareholders, including Bahamian investors who

injected around $900,000 into an investment fund that holds the company’s shares, Mr Farquharson added: “Since February 2020, BPC has entered into contracts for the supply of the drilling ship, helicopters, supply boats and equipment purchases.

“Work and activity has already started. For example, equipment is currently being manufactured, and the drilling rig has been prepared, crewed and has set sail. The direct cost of suspending operations at this stage would be in excess of $16m, and the indirect cost and economic consequences vastly more than this.”

Mr Farquharson said the present timeframe for drilling BPC’s Perseverance One well, which will be located around 90 miles west of Andros close to the maritime border with Cuba, represented the last chance under the present EA authorisation. Failure to drill between December 20 and June 2021 would require the company to seek a fresh set of approvals.

“These drilling operations represent the last practicable opportunity for BPC to carry out drilling as authorised in the EA,” he added.

“The need to seek further authority could cost BPC a further $15m in direct

industry had risen to the occasion sparked by the COVID-19 pandemic in terms of investors’ expectations and managerial performance.

Investors generally felt their alternative fund managers either met or exceeded their performance return expectations.

Some 58 percent of hedge fund clients, and the majority (81 percent) of private

equity investors, reported their fund managers met or exceeded performance expectations during the market volatility that occurred as a result of the pandemic.

“Technology and innovation has long been a priority for the alternative fund industry and COVID-19 accelerated this trend with the abrupt shift to remote work,” said

Jeffrey Short, EY partner and regional wealth and asset management leader for The Bahamas, Bermuda, British Virgin Islands and Cayman Islands. “Now, more than ever, managers need to prioritise innovation.”

The survey also found that investors were reasonably satisfied with their fund managers’ efforts to embrace technology and

data. Hedge funds, in particular, were reviewed favourably, since over half (53 percent) of investors surveyed felt the sector was ahead of the curve from a technology perspective relative to other financial services.

When it came to credit and private equity, this number dropped to 30 percent and 28 percent, respectively.

costs, and could cause vastly greater indirect and consequential economic harm to BPC, which is estimated to be in the order of up to $500m.”

The $500m figure is not broken down, but is likely to include the potential impact to BPC’s share price on London’s Alternative Investment Market (AIM).

Investor and shareholder sentiment towards the company will likely take a negative hit once the Judicial Review challenge’s filing becomes known, but oil drilling opponents are likely to be sceptical of the number quoted by Mr Smith.

While that figure is more than four times’ what BPC has invested in its 14-year Bahamian activities to-date, Mr Farquharson argued that any injunction obtained

by Waterkeepers Bahamas and the Coalition to Protect Clifton Bay would cause “irremediable prejudice” to the company unless the activists gave a “minimum of $30m” cross-undertaking in damages.

Arguing that it was “unconscionable” to launch Judicial Review proceedings when BPC’s plans had been known for at least nine months (see other article on Page 1B), BPC’s attorney also argued that the Bahamian public’s interest will also be damaged by any legal-induced delays to exploratory drilling.

Pointing out that Mr Ferreira, as minister of the environment and housing, had the constitutional duty to decide whether BPC’s activities were in

the public interest, Mr Farquharson added: “The project will help identify the size and accessibility of The Bahamas’ oil reserves and will thereby facilitate an informed decision in due course as to whether those reserves should be extracted.

“To order the suspension of the project at such a late stage, after the project costs have been incurred, would threaten its viability and thereby subvert the public interest.”

BPC, anticipating a hardfought and potentially lengthy legal battle, has already moved to protect its interests by obtaining approval for a high-powered UK-based QC, Clare Montgomery of Matrix Chambers, to lead its arguments in the Supreme Court.

However, Waterkeepers Bahamas and the Coalition to Protect Clifton yesterday said they are not seeking an injunction to halt BPC’s exploratory drilling. Rather, in their filings seeking the Supreme Court’s permission to launch Judicial Review proceedings, they are instead seeking a “stay of the proceedings” via the court’s rules until the matter is determined.

While this would have the same effect as an injunction, the activists argued that BPC is “not entitled to be heard” on their exparte (meaning only they are present in court) bid for Judicial Review “or at all in this action until trial” of the substantive issues takes place.

“In addition, even though BPC are not parties to this action, by letter dated December 3, 2020, and parts of their previous letters, they have already begun to harry, oppress, harass and attempt to frustrate the applicants with demands that they are not entitled to make,” the environmental groups alleged.

They accused BPC and its attorneys of “previewing their intention to apply to seek to stifle the applicants’ right to a fair hearing within a reasonable time under article 20 of the constitution by a pre-emptive security for costs application.

“This tactic has become de rigueur in public interest litigation in The Bahamas by developers and the government,” Mr Smith argued on behalf of his clients.

“BPC and BOP (Bahamas Offshore Petroleum, an affiliate) are not parties to the action, no relief is sought against them and, accordingly, any application by BPC and BOP to be joined or for security for costs will be resisted.”

Carl Bethel QC, the attorney general, did not return Tribune Business calls and messages seeking comment as to whether the government will seek security for costs, which is effectively a bond paid by one side to cover the other’s legal costs in the event the former loses, in this particular case.

Meanwhile, Mr Farquharson, in what at times read as a legal lecture to Mr Smith, argued that the activists’ case was “without merit” and should be withdrawn

- an urging that has clearly fallen on deaf ears.

Oil exploration in Bahamian waters is an issue that has sharply divided public opinion and drawn international attention even before the existence of commercial quantities beneath the Bahamian seabed has been confirmed.

Those opposed to it believe the risk of a spill/ pollution, and the threat of damage to the tourism and fisheries industries - and the pristine waters and environment upon which they rely - outweighs any possible benefit despite BPC arguing that there is minimal risk of any accident.

Others believe The Bahamas should at least find out whether oil resources exist before deciding whether to permit commercial production, while another body of opinion says the country cannot afford to ignore this opportunity given the economic devastation inflicted

by COVID-19 and Hurricane Dorian,.

BPC has suggested that the government could earn up to $5bn in royalty revenues over the ten to 20 year life of the project, even with today’s relatively low global oil prices that were last night hovering at between $45.57 and $48.84 per barrel depending on the indices.

Such promises have aroused scepticism among opponents, but BPC has previously said the government would earn 25 percent of the per barrel price. It would receive the same share, with the 50 percent balance going to production costs.

THE TRIBUNE

Wednesday, December 9, 2020, PAGE 3

‘CRAWL BEFORE WALKING’ ON TOURISM MARKETING

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A CABINET minister yesterday said The Bahamas must “crawl before it can walk” when it comes to re-entering the tourism market and launching its marketing campaign.

Dionisio D’Aguilar, minister for tourism and aviation, speaking outside the Cabinet Office, yesterday said the restart of his ministry’s promotional efforts had been “slow” in keeping pace with the gradual re-opening of The Bahamas’ borders and

DIONISIO D’AGUILAR wider tourism industry.

“We started off mostly online,” he said. “You will see that a lot of the hotel properties have been doing their own individual advertising, but we’re getting

back in the market. The largest source of foreign visitors is through online booking travel agencies.

So we do a lot of online advertising.”

Come the New Year, Mr D’Aguilar said the Ministry of Tourism will be moving into traditional television advertisements, and added: “I think we want to crawl before we walk and before we run, and see how it goes.

You can’t put blinders on and ignore what’s happening in the United States.”

Further explaining the rationale for the Ministry of Tourism’s phased marketing

ramp up, Mr D’Aguilar said he does not want to “barrel in” with limited resources and fail to get the biggest “bang for the buck”.

He added that the government plans to maintain the so-called “bubble strategy” that keeps tourists confined to specific locations, such as their hotels, saying: “They have worked well in the rest of the Caribbean.

“I think everybody wants to control the environment as much as possible. And when they feel comfortable, they’ll begin to expand. So that’s what they’ve been

doing in the rest of the Caribbean at great success.”

The “bubble strategy” has been criticised by some tourism providers given that it restricts business for those operating outside large resorts. However, Mr D’Aguilar said the major hotels had wanted to open this way so they could better prevent any COVID19 outbreak among guests and staff.

With Atlantis, Baha Mar, the British Colonial Hilton and Comfort Suites all set to at least partially re-open before Christmas, Mr D’Aguilar said he was

“delighted” thousands of hotel workers can now return to work. He added: “This is really a watershed moment. It’s great, and it’s wonderful, and we’ve got to really make it work.

“We have to ensure that the foreign visitors, when they come in, have an exceptional experience and really get the engines and the cogs of our tourism industry back to work. After all, that’s two thirds of our economy, two-thirds of every job, and 50 percent of our total economic output. So it’s very important, given what’s happening in the US.”

SPA OPERATORS PERSEVERE DESPITE COVID-19 STRAINS

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net BAHAMIAN spa operators yesterday said that while abrupt COVID-19 lockdowns and curfews have imposed a major financial strain on their industry they have remained open since August.

Christal Woodside, general manager of Roy-all Wellness & Day Spa, told

Tribune Business she has been open since the government allowed hair salons and barbers to operate after obtaining COVID-19 certification from the Ministry of Health.

She explained: “The emergency orders included spas as well, but the definition of what the prime minister and everybody else may have considered spas to be was more like sauna areas and your

LAUNDROMATS AWAIT HOTEL OPENING BOOST

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net

LAUNDROMATS yesterday described business since the easing of COVID19 restrictions as slow, with one owner saying the sector was expecting to get a boost from the hotel sector’s imminent opening.

Widlyne Melidor, Shirley Plaza laundromat’s general manager, told Tribune Business: “Right now it is very, very slow. We barely had five customers for the day. But before COVID-19 it was good, it was manageable, but now it is slow.”

Disclosing that hotel workers account for a large portion of her customer

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base, Ms Melidor added: “A lot of persons used our drop off and delivery service because they were busy at work. But now since they are all home they decided to either do it themselves at home or come into us to do it themselves.”

While hoping for an end-of-year boost, with Atlantis, Baha Mar, the British Colonial Hilton and Comfort Suites all set to open before Christmas, she acknowledged that many Bahamians remain unemployed or have suffered income cuts and reduced hours.

Another laundromat owner, speaking on condition of anonymity, said: “Business has basically been suspended. Business is basically dead. Some days you have your busy days, and some days you have slow days, but yesterday was a very busy day.

But I know today business would taper off quite a bit.”

various deep treatments.

That will only be found in places like Albany or the Mandara Spa” which offer whirlpools and hot sauna areas.

Ms Woodside said this definition did not apply to her spa and, as a result, business has been steady since August.

The Ministry of Health implemented an infection control certificate that was mandatory for persons

in the hair and cosmetics industry, which also included spas. The certification was co-administered by the Bahamian Cosmetologists and Barbers Association and the Faces of Beauty School of Cosmetology and Workforce Training, operated by Dr Shyann Williams.

Ms Woodside added: “Things have going slowly but surely. We’re happy that, even though the

lockdown and the various openings and closings definitely has put a strain on the industry. It has put a strain on the business as well. During the lockdown we were trying to make sure to keep our staff enthusiastic about the possibility of coming back to work soon.”

She said they plan to remain open during the Christmas season as long as there are no lockdowns.

Another spa owner, speaking under condition of anonymity, said that they have been open since August but “people just don’t have the money right now”.

“Our COVID-19 protocols are in place, we are operating quite fine, and a small group of our customers have been steady, so we expect things to get better for next year,” they said.

Activists: Oil explorer EIA ‘falls far short’ FROM PAGE ONE “The EIA was produced by leading independent experts based on industry best practice. It took two years to produce at the cost of millions of dollars.

“We also note your suggestion that the Environmental Authorisation process should be re-opened in light of the change of drill ship. That is plainly wrong.

The project remains that for which the Environmental Authorisation was granted on February 25, 2020.”

Judicial Review actions focus on whether governments, statutory agencies and public bodies have failed to follow the legal processes for issuing permits and approvals, and if their decision-making has been rationale.

Mr Smith and his clients are seeking to persuade the Supreme Court, if they get leave to bring Judicial Review proceedings, to overturn the environmental authorisation and associated

THE STENA ICEMAX drill ship to be used to drill for oil in The Bahamas. approvals granted to BPC as well as its various licence extensions.

They are also questioning whether BPC’s Perseverance One well has obtained the necessary certificate of environmental clearance under the new Environmental Planning and Protection Act, while also arguing that approvals are required under the Planning and Subdivision Act and Conservation and Protection of the Physical Landscape of The Bahamas Act as excavation is involved in drilling the well.

And, as Mr Farquharson referred to, the coalition and Waterkeepers are alleging that the switch to a new

drill ship in the form of the Stena IceMAX should have required changes to the Environmental Authorisation that sparked a further round of consultation on BPC’s project.

“A vast quantity of the paper in the 307-page EIA, and 2,655 page EMP, relates to Seadrill’s ship, West Saturn, and its specifications, and Seadrill’s various plans and procedures, policies etc.

There are 57 references to Seadrill in the EMP and 26 references to West Saturn.

This does not include the large quantity of Seadrill’s own documents that are appended to the EMP,” the Judicial Review alleged.

“If this material was necessary to include in the EIA and EMP, it must be necessary to include the same information and documentation for the new contractor, Stena, and drill ship IceMax. “A new or amended EIA was therefore required as was the mandatory Environmental Authorisation application. Neither of these documents have been confirmed to exist let alone be published or consulted upon, as are required at common law and by the Petroleum Offshore Regulations and the new EIA regulations, which have applied to the project since September 2020.”

NOTICE

NOTICE

NOTICE

ASEAN PROFIT LIMITED

NAMO NINE LIMITED

ORIENTAL LIMITED

N O T I C E IS HEREBY GIVEN as follows:

N O T I C E IS HEREBY GIVEN as follows:

(a) ASEAN PROFIT LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(a) NAMO NINE LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(b) The dissolution of the said company commenced on the 07th December, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(b) The dissolution of the said company commenced on the 07th December, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General.

(c) The Liquidator of the said company is Bukit Merah Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, P.O. Box N-3023, Nassau, Bahamas

(c) The Liquidator of the said company is Bukit Merah Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, P.O. Box N-3023, Nassau, Bahamas

Dated this 09th day of December, A. D. 2020

Dated this 09th day of December, A. D. 2020

N O T I C E IS HEREBY GIVEN as follows: (a) ORIENTAL LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. (b) The dissolution of the said company commenced on the 07th December, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Leeward Nominees Limited, of Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, British Virgin Islands.

Dated this 09th day of December, A. D. 2020 _________________________________ Leeward Nominees Limited Liquidator

_________________________________ Bukit Merah Limited Liquidator

_________________________________ Bukit Merah Limited Liquidator

NOTICE

NOTICE

NOTICE

TOP PEAK INVESTMENTS LIMITED

AJHAZ LIMITED

SHENGLONG GROUP HOLDINGS LIMITED

N O T I C E IS HEREBY GIVEN as follows:

N O T I C E IS HEREBY GIVEN as follows:

N O T I C E IS HEREBY GIVEN as follows:

(a) TOP PEAK INVESTMENTS LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(a) AJHAZ LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(a) SHENGLONG GROUP HOLDINGS LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(b) The dissolution of the said company commenced on the 07th December, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Bukit Merah Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, P.O. Box N-3023, Nassau, Bahamas Dated this 09th day of December, A. D. 2020 _________________________________ Bukit Merah Limited Liquidator

(b) The dissolution of the said company commenced on the 07th December, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Leeward Nominees Limited, Vistra Corporate Services Centre, Wickhams Cay 11, Road Town, Tortola, British Virgin Islands.

Dated this 09th day of December, A. D. 2020 _________________________________ Leeward Nominees Limited Liquidator

(b) The dissolution of the said company commenced on the 07th December, 2020 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Bukit Merah Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, P.O. Box N-3023, Nassau, Bahamas Dated this 09th day of December, A. D. 2020 _________________________________ Bukit Merah Limited Liquidator

PAGE 4, Wednesday, December 9, 2020

THE TRIBUNE

Activists ‘misled’ by minister on oil drill FROM PAGE ONE capacity as executive chairman of Save the Bays, and a large number of other environmental NGOs were invited to a meeting with the minister on Thursday, May 17, 2018, at 2pm at his offices.

Those present were said to include members of multiple fisheries associations; Kelly Meister of Dolphin Encounters; Michelle at Stuart Cove’s Diving; reEarth’s Sam Duncombe; Casuarina McKinney from Bahamas Reef Environmental Education Foundation (BREEF); and Shenique Albury of The Nature Conservancy.

“Notification of the meeting was by e-mail and there was no advance notice of the purpose of the meeting and no documents or information were distributed at the meeting, and there was no follow up,” Waterkeepers Bahamas and the coalition alleged.

“The meeting transpired to be for the purpose of gathering the organisations

Small business survivors: 90% to keep doors open FROM PAGE ONE broke I mean that all your cash reserves have dried up.

“They would not have made it if the restrictions had remained in place for a month or two more. All of them did a little adjustment and adopted the online training approach, but they were only making a little money. If you have equipment in a building and inventory, it was rough. But the landlords did work with them.”

Praising the government for making the $5,000 grant funding available through the SBDC, Mr Turnquest

to discuss in a closed setting the government’s position on future oil drilling in The Bahamas. At the meeting the minister questioned each attendee and organisation about their views with respect to oil drilling in The Bahamas. All objected to it and said it was something that should never be done in Bahamian waters.

“The minister then gave a commitment to all present that there would ‘never’ be a permission given for offshore drilling for oil in The Bahamas. At this, there erupted a big explosion of applause and congratulations, and all activists present went on their way ‘comfortable and joyful’ in Mr Darville’s words,” they continued.

“There was no communication from the minister at that meeting that they were on track to approve oil drilling, that there was an EA application under consideration by the government, or that there was any reason to be concerned.

“The clear assurance given

at this meeting - that there was no longer a threat of oil drilling in Bahamian waters,. and at least not during the FNM Minnis administration - was relied upon by Save the Bays. Notwithstanding these assurances, and ten months after the drilling deadline under the licenses had passed, BPC’s licences were apparently once again extended until the end of 2020.

“On February 28, 2020, to the surprise of those organisations represented at the May 2018 meeting, BPC announced it had been granted Environmental Authorisation from the minister, which it said it received on February 27, 2020.”

The delay in filing Judicial Review proceedings is likely to be among the first lines of attack deployed by the government and BPC to knock out the activists’ legal challenge, which is why so much effort has been devoted to explaining the timing of filings that come just 11 days before the company is due to begin exploratory drilling

said: “Everybody is now more battle tested. It ain’t perfect but we’ve got to keep on moving. This is our life. There aren’t any more government jobs out there.

“We’re not going to get a vaccine until the 2021 third quarter. We’re on the back burner. It’s nine months at least. We’re still living and being part of the game. It’s rough, very rough.”

Mr Turnquest added that the 242 Small Business Association and Resource Centre planned to officially launch in mid-January in a bid to help further drive small business development in The Bahamas.

He said the association will feature ten board members with a seven-strong management team, adding that it already has some 120-125 members and will be embarking on a fresh recruitment drive once it is formally unveiled.

‘Let’s get out of the private sector’s way’

NOTICE Pursuant to the provisions of Section 138 (8) of the International Business Companies Act, 2000, notice is hereby given that:BOBTAIL BRANDS INC. has been dissolved and struck off the Register pursuant to a Certificate of Dissolution issued by the Registrar General on 18th day September A.D., 2020.

C. B. Strategy Ltd. LIQUIDATOR

FROM PAGE ONE ideas to inception to enterprise. It can’t be as long and challenging, and has got to happen quickly.”

The IMF predicted last week that The Bahamas faces “anything but a V-shaped recovery” from COVID-19 with a four-year haul to regain economic output lost in 2020 lying ahead.

The Washington DC based fund, in a statement on its annual Article IV consultation with The Bahamas, also

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in Bahamian waters.

Simon Potter, BPC’s chief executive, could not be contacted for comment yesterday despite messages being sent to both himself and the company’s public relations consultants. He is thought to have been travelling back to The Bahamas.

Leif Farquharson, attorney and partner at Graham, Thompson & Company, which acts for BPC, in a November 30, 2020, letter to Fred Smith QC, the activists’ attorney, argued that the Judicial Review application would “fail at the first hurdle because your clients do not have any arguable case, still less a strongly arguable case”.

He added: “Even if there were merit in the proposed grounds for Judicial Review, the claim is long out of time and there is no good reason for an extension..... The grounds for your threatened application first arose on February 25, 2020, when the minister made his decision.

The decision was publicised at the time.

further slashed its projections for the Bahamian economy’s performance this year and in 2021 as it branded this nation “one of the hardest hit countries in the Caribbean” due to more than 7,500 COVID19 infections.

Its latest forecast increased the severity of The Bahamas’ real gross domestic product (GDP) shrinkage to -16.2 percent for 2020, as opposed to its last -14.8 percent contraction estimate, while further slashing 2021’s economic growth forecast to a relatively tepid two percent.

The latter revision represents a further cut, after the IMF previously revised its projections for next year’s Bahamian GDP growth from 6.7 percent to 4.6 percent as recently as October. With The Bahamas’ short-term rebound prospects more than halved, and a further $269m slashed from 2021’s forecast economic output, this nation faces a longer and harder recovery than initially thought.

“BPC relied on the decision. Since February 25, 2020, BPC has entered into dozens of contracts with a variety of well service companies and consultants. A total of $9.1m has been incurred or contracted

by BPC following receipt of the EA on February 27, 2020. In addition, its bankers, shareholders and others have relied upon the unchallenged grant of the EA in making economic decisions.”

Arguing that the activists have “plainly no good reason” for the delay in launching Judicial Review proceedings, Mr Farquharson added: “In those circumstances, BPC is entitled to rely on the EA and the proposed claim is doomed to fail.”

The Minnis administration’s position on oil exploration in Bahamian waters has never been clear, as it has always hidden behind the argument that its hands have been bound legally by the agreements entered into

The IMF forecast that Bahamian GDP will only recover to pre-COVID-19 levels come 2024, meaning that this nation likely faces a four-year climb at least to dig itself out of the hole created by the worldwide pandemic. That is more conservative than the one given

by Central Bank governor, John Rolle, who earlier this week estimated 2023 for a full tourism and economic rebound.

“Real GDP is projected to decline by 16.2 percent in 2020, followed by a modest rebound of two percent in 2021, and to converge back to its pre-pandemic level only by 2024,” the IMF said of The Bahamas.

“The current account balance is projected at a deficit of 17.4 percent of GDP in 2020, and will improve only gradually, consistent with the projected pick up in tourism in 2022. Foreign reserves reached a record level of $2.3bn in October and should remain well

by its predecessors.

The opposition Progressive Liberal Party (PLP), some of whose leading members have connections to BPC, when last in office took the stance that once exploratory drilling confirmed the presence of commercial quantities of oil the matter would be turned over to the Bahamian people for a referendum on whether the country should permit production Former prime minister, Perry Christie, for a time served as a consultant to BPC when in opposition.

And Davis & Co, the law firm of current PLP leader, Philip Davis, acted as BPC’s attorneys when it first came to The Bahamas although it no longer serves in this capacity. Mr Davis has recently indicated his backing for exploratory drilling.

Senator Jobeth ColebyDavis, who is seeking the party’s nomination for the Elizabeth constituency for the upcoming election, is also BPC’s in-house attorney.

above the minimum suggested threshold of three months of imports over the medium-term.

“Risks around the baseline are high, reflecting the uncertain evolution of the COVID-19 pandemic and vulnerability to weatherrelated natural disasters.”

Using 2018 real GDP data, as the 2019 figures are not yet available, the IMF’s forecast would see Bahamian economic output shrink from $10.763bn to around $9.02bn - a drop of $1.743bn, which represents what has been lost due to COVID-19.

Applying the IMF’s revised two percent GDP growth estimate for 2021 to the $9.02bn figure results in Bahamian GDP rebounding by some $198m to $9.2bn, a figure that is still some $1.563bn below 2018’s economic output, and which gives an insight into the severity of the losses and devastation inflicted by COVID-19.

NOTICE Pursuant to the provisions of Section 138 (8) of the International Business Companies Act, 2000, notice is hereby given that:SHRADLER COMPANY LTD. has been dissolved and struck off the Register pursuant to a Certificate of Dissolution issued by the Registrar General on 28th day September A.D., 2020.

C. B. Strategy Ltd. LIQUIDATOR

NOTICE

NOTICE

Pursuant to the provisions of Section 138 (8) of the International Business Companies Act, 2000, notice is hereby given that:-

Pursuant to the provisions of Section 138 (8) of the International Business Companies Act, 2000, notice is hereby given that:-

DIVIDISK CORP. has been dissolved and struck off the Register pursuant to a Certificate of Dissolution issued by the Registrar General on 26th day October A.D., 2020.

CRACKERJACK HOLDINGS INC. has been dissolved and struck off the Register pursuant to a Certificate of Dissolution issued by the Registrar General on 13th day October A.D., 2020.

C. B. Strategy Ltd. LIQUIDATOR

C. B. Strategy Ltd. LIQUIDATOR

THE TRIBUNE

Wednesday, December 9, 2020, PAGE 5

Pressure mounts on Hungary, Poland to unlock EU stimulus

POLAND’s Prime Minister Mateusz Morawiecki, left, and Hungary’s Prime Minister Victor Orban share a word as they line up for a group picture prior to a meeting in Beja, Portugal. Polish government officials insisted on Friday that they are sticking to their tough negotiating position ahead of a key European Union summit next week that should finalise the bloc’s next seven-year budget and a major pandemic recovery package.

Photo: Armando Franca/AP BRUSSELS Associated Press THE German presidency of the EU said yesterday that further delaying the European Union’s landmark 1.82 trillion-euro ($2.21tn) long-term budget and coronavirus recovery package would be “irresponsible” as diplomats envisage a solution without Poland and Hungary, the two EU states holding up the measure.

German European Affairs minister Michael Roth said the stimulus is crucial for many European countries whose economies have been devastated by the pandemic. But Poland and Hungary, who agreed on the deal in July, are now vetoing the package because of a mechanism that would allow the EU to cut off funds to countries that violate the bloc’s democratic standards.

Germany, which currently holds the rotating presidency of the EU, has been deploying efforts to find a compromise before a summit of European leaders in Brussels starting tomorrow, where the topic will top the agenda.

“The social and economic consequences of the crisis become more visible every day,” Roth said, “It would be irresponsible to further delay essential support to our citizens. We need to rapidly unlock the financial support which is so critical for many member states.”

Both Poland and Hungary, which have conservative, nationalist governments, have said they fear the EU mechanism will be used to punish their values.

Hungarian Prime Minister Viktor Orban came to Warsaw last night and held talks with Polish counterpart Mateusz Morawiecki and Deputy Prime Minister Jaroslaw Kaczynski, who is the main architect of Poland’s politics. Media reports said they were to agree on an acceptable compromise as a result of

negotiations with German Chancellor Angela Merkel before the summit.

Orban’s later comments seemed to indicate a toughening of their position, but at the same time raised hope for a compromise.

The joint position of Hungary and Poland is to “defend our national interests and the financial resources to which our nations are entitled, and now we know how to do it,” Orban said on Polsat News. pl.

He insisted the conditions on EU disbursements shouldn’t be linked to the financial plans and said the two nations are counting on “victory” at the summit.

“I think we have a good chance to close this case this week during the summit meeting on Thursday. We are just one centimeter away from it,” Orban said.

If EU leaders fail to adopt the budget for 20212027 before the end of the year, the bloc will continue to spend but function on limited resources, with a maximum of one-twelfth of the budget for the previous financial year to be spent each month. Many projects for Poland and Hungary — which are already being formally investigated by the EU for their potential violations of the rule of law — could be held up.

To break the stalemate and ensure that at least

part of the money is made available, European officials have been thinking of options that would allow the EU’s 25 other nations to launch the recovery plan without Poland and Hungary. A senior EU diplomat who was not authorised to speak publicly said Poland and Hungary need to give a clear indication before the summit that they have changed their minds and are now ready to compromise.

The diplomat said if there is no “clear signal” from those two nations, then EU officials will move on to Plan B, which could include an agreement by the 25 other nations labeled enhanced cooperation.

Under the enhanced cooperation procedure, a group of EU nations can decide to move forward in situations where all 27 countries are not on the same page. If the standoff continues, such a move could at least help unlock the bloc’s 750 billion-euro ($909bn) economic recovery package.

Speaking after a video conference of European affairs ministers, Roth said discussing again the rule of law mechanism is not an option for EU countries but insisted that Germany remains committed to finding a compromise involving all 27 member states.

“We hope to be able to achieve success in the next few hours or days,” he said.

CAN MAKE A DIFFERENCE IN THE LIVES OF THE CHILDREN AT RANFURLY

T

he Ranfurly Homes for Children has been a safe haven for thousands of Bahamian children since 1956. The Home provides a safe, structured environment for children who have been orphaned, abused, neglected or abandoned.

YOU can make a difference in the lives of the children at Ranfurly. With your support children can have nutritious food, warm beds and a safe environment where they can discover the joy of being children. For years the children living and learning at Ranfurly have made great social and academic strides.

Their further development requires additional support in the form of a Transitional Home, planned for construction on the Ranfurly property.

This residence will cater to teenagers and young adults who are beyond school age, but need accommodation while they find work and gain independence from the Home.

We look forward to your continued support in this worthwhile endeavour.

NOTICE

MEMBERSHIP PACKAGES Individuals, Families & Corporate Sponsors Children Helping Children - $5 (Individual children from ages 6 - 18) Individuals Helping Children - $50 (Individual adults 18 years and over) Families Helping Children - $100

CIRCLE of FRIENDS Silver: $1,500 - $2,499 Gold: $2,500 - $4,999 Platinum: $5,000 plus

OPPORTUNITIES • • • •

Invitations to Ranfurly events Assist with fundraising events Involvement with special activities Adults are eligible to join the Board after three months • Stay in touch with Ranfurly through website and newsletters

BENEFITS

• Personal fulfillment in knowing you are impacting lives • Ranfurly children’s appreciation and positive response • Continued support provides stability and constant care

For more information visit: www.ranfurlyhome.org Please “Like” us on Facebook

NOTICE is hereby given that TARANO TARON WILSON of Murphy Town 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 9th day of December 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

Ranfurly Home for Children, Mackey Street P.O. Box 1413 Nassau, Bahamas 242-393-3115

NOTICE

NOTICE

NOTICE

NOTICE is hereby given that JOANEL PETIT-BEAU of Carmichael Road 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 9th day of December 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE is hereby given that MARK ANDERSON CHARLES 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 1st day of December 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE is hereby given that KATHY JANE FOX HAIME of Old Fort Bay 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 9th day of December 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE

NOTICE

THE BFS RETIREMENT FUND LIMITED (In Voluntary Liquidation)

PITTSBURG ENTERPRISES LIMITED (In Voluntary Liquidation)

THE TSF RETIREMENT FUND LIMITED (In Voluntary Liquidation)

Notice is hereby given that pursuant to a Resolution of the Members of THE BFS RETIREMENT FUND LIMITED dated the 27th day of November, A.D., 2020 THE BFS RETIREMENT FUND LIMITED is in dissolution.

The date of commencement of dissolution was the 27th day of November, A.D., 2020.

ROBERTS ISAACS & WARD NOMINEES LIMITED of Professional Centre, Cable Beach Court, Unit No.2, 400 West Bay Street, P. 0. Box N-4755, Nassau, Bahamas was appointed as the official liquidator of THE BFS RETIREMENT FUND LIMITED All persons having claims against the above named Company are required to send their names, addresses and particulars of their debts or claims to the Liquidators before 8th January, 2021.

Notice is hereby given that pursuant to a Resolution of the Members of PITTSBURG ENTERPRISES LIMITED dated the 27th day of November, A.D., 2020 PITTSBURG ENTERPRISES LIMITED is in dissolution.

The date of commencement of dissolution was the 27th day of November, A.D., 2020.

ROBERTS ISAACS & WARD NOMINEES LIMITED of Professional Centre, Cable Beach Court, Unit No.2, 400 West Bay Street, P. 0. Box N-4755, Nassau, Bahamas was appointed as the official liquidator of PITTSBURG ENTERPRISES LIMITED All persons having claims against the abovenamed Company are required to send their names, addresses and particulars of their debts or claims to the Liquidators before 8th January, 2021.

Notice is hereby given that pursuant to a Resolution of the Members of THE TSF RETIREMENT FUND LIMITED dated the 27th day of November, A.D., 2020 THE TSF RETIREMENT FUND LIMITED is in dissolution.

The date of commencement of dissolution was the 27th day of November, A.D., 2020.

ROBERTS ISAACS & WARD NOMINEES LIMITED of Professional Centre, Cable Beach Court, Unit No.2, 400 West Bay Street, P. 0. Box N-4755, Nassau, Bahamas was appointed as the official liquidator of THE TSF RETIREMENT FUND LIMITED All persons having claims against the abovenamed Company are required to send their names, addresses and particulars of their debts or claims to the Liquidators before 8th January, 2021.

ROBERTS ISAACS & WARD NOMINEES LIMITED Liquidator 400 West Bay Street Nassau, Bahamas

ROBERTS ISAACS & WARD NOMINEES LIMITED Liquidator 400 West Bay Street Nassau, Bahamas

ROBERTS ISAACS & WARD NOMINEES LIMITED Liquidator 400 West Bay Street Nassau, Bahamas

PAGE 8, Wednesday, December 9, 2020

THE TRIBUNE

Steady gains for stocks deliver more records on Wall Street Associated Press

YOUR

CHOICE FOR THE FAMILY WWW.FACEBOOK.COM/JOYFM1019

LEGAL NOTICE

NOTICE

LASDA Investments Limited

TECHNOLOGY and health care companies helped drive stocks to more gains yesterday, leading to another round of milestones on Wall Street.

The S&P 500 index rose 0.3%, eclipsing the all-time high it set on Friday. The Nasdaq composite and Russell 2000 index of small company stocks also set record highs. The likelihood that one or more coronavirus vaccines could begin to be distributed in the US in coming weeks has kept investors in a buying mood, boosting their optimism for an economic recovery next year.

The gains, which followed a shaky start for the market, came as the UK became the first Western country to start a mass vaccination programme. Yesterday, US health regulators issued a positive initial review of a COVID-19 vaccine developed by US drugmaker Pfizer and Germany’s BioNTech.

A decision to allow its use is expected within days, though wide distribution is likely months away.

“The vaccine news and the focus on that is the most important thing for the market at the moment,” said Stephanie Roth, portfolio macro analyst, JP Morgan Private Bank. “At this point, the excitement is for the postvaccine world.”

The S&P 500 rose 10.29 points to 3,702.25. The index had one of its best months in decades during November and is already up 2.2% so far this month. The Dow Jones Industrial Average gained 104.09 points, or 0.4%, to 30,173.88. The tech-heavy LEGAL NOTICE

NOTICE

Storyteller Limited

NOTICE IS HEREBY GIVEN as follows:

NOTICE IS HEREBY GIVEN as follows:

(a) LASDA INVESTMENTS LIMITED is in voluntary dissolution under the provisions of Section 138 (4) ofthe International Business Companies Act 2000.

(a) STORYTELLER LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000.

(b) The dissolution of the said Company commenced on the 8th of December, 2020 when its Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said Company is Delco Investments Limited of Deltec Bank & Trust Limited, Deltec House, Lyford Cay, P.O. Box N-3229, Nassau, Bahamas.

Dated this 9th day of December A.D., 2020 Delco Investments Limited Liquidator LEGAL NOTICE

NOTICE

WELLSBURG N. V. NOTICE IS HEREBY GIVEN as follows: (a) WELLSBURG N. V. is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. (b) The dissolution of the said Company commenced on the 8th of December, 2020 when its Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said Company is Delco Investments Limited of Deltec Bank & Trust Limited, Deltec House, Lyford Cay, P.O. Box N-3229, Nassau, Bahamas.

Dated this 9th day of December A.D., 2020

(b) The dissolution of the said Company commenced on the 8th of December, 2020 when its Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said Company is Delco Investments Limited of Deltec Bank & Trust Limited, Deltec House, Lyford Cay, P.O. Box N-3229, Nassau, Bahamas.

Dated this 9th day of December A.D., 2020 Delco Investments Limited Liquidator

Legal Notice

NOTICE

Aquarius Leonis Fund IC NOTICE IS HEREBY GIVEN as follows: (a) Aquarius Leonis Fund IC has been dissolved on the 2nd day of November 2020 under the provisions of the Investment Condominium Act, 2014.

Delco Investments Limited Liquidator

Shareece Scott Liquidator

LEGAL NOTICE

LEGAL NOTICE

N O T I C E

N O T I C E

ESSO NIGERIA (OFFSHORE) LIMITED

ESSO NIGERIA (OFFSHORE) LIMITED N O T I C E IS HEREBY GIVEN as follows:

Creditors having debts or claims against the above-named Company are required to send particulars thereof to the undersigned c/o P.O. Box N-624, Nassau, Bahamas on or before 30th day of December, A.D., 2020. In default thereof they will be excluded from the benefit of any distribution made by the Liquidator.

Dated the 9th day of December, A.D., 2020.

Matteo Pedercini Liquidator 22777 Springwoods Village Parkway Spring, Texas 77389 U.S.A.

(a) ESSO NIGERIA (OFFSHORE) LIMITED is in dissolution under the provisions of the International Business Companies Act 2000. (b) The dissolution of the said Company commenced on the 7th day of December 2020 when its Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said Company is Matteo Pedercini, of 22777 Springwoods Village Parkway, Spring, Texas 77389, U.S.A. Dated the 9th day of December, 2020 HARRY B. SANDS, LOBOSKY MANAGEMENT CO. LTD. Registered Agent for the above-named Company

Nasdaq picked up 62.83 points, or 0.5%, to 12,582.77, marking its fourth straight record high.

Small-company stocks rose much more than the rest of the market, a signal that investors are feeling more optimistic about the economy. The Russell 2000 index climbed 26.53 points, or 1.4%, to 1,917.78.

Nearly 60% of the companies in the benchmark S&P 500 closed higher, with energy stocks notching the biggest gain. Stocks had been down in the early going on worries about rising coronavirus cases, but turned higher around midday. Traders are looking ahead to tomorrow, when US regulators will meet to determine whether to green-light the distribution of the vaccine developed by Pfizer and BioNTech.

The need for a vaccine has been heightened in recent weeks as the coronavirus has been surging across much of the world. The virus has claimed more than 1.5 million lives, including over 284,000 in the US, the highest toll of any country. Governments worldwide have been tightening restrictions on businesses in an effort to stem the latest surge in cases, stoking worries about the potential economic fallout.

That’s kept investors focused on Washington and the prospects for another round of aid for Americans and business hit hardest by the pandemic. Congress is still stuck in a partisan stalemate over the size and scope of any additional aid to help cushion the financial impact to people and businesses. The economy has been showing signs of a stalled recovery as the virus surge broadens nationally, including slower job growth in the US last month.

Big Tech stocks that have been big winners during the pandemic helped power the rally yesterday. Apple rose

0.5% and Microsoft gained 0.8%.

Health care stocks made solid gains. Pfizer rose 3.2% and Johnson & Johnson rose 1.7%. Exxon Mobil was among the big gainers in the energy sector, climbing 3.3%.

Shop-from-home clothing seller Stitch Fix soared 39.2% after reporting a surprise profit in its latest quarter.

Etsy jumped 4.5%.

A mix of companies that rely on direct consumer spending and those that would greatly benefit from a fuller economic recovery continued to see a bit of churn.

The moves reflect the constant push-and-pull of hope for an eventual economic recovery pitted against the continued economic damage inflicted by the pandemic.

Cruise line operators gained ground, including a 6.2% rise from Norwegian Cruise Line. The sector very much needs the virus to recede in order to get back to normal operations. Other companies that need a more normal economy in order to recover are still slipping.

Darden Restaurants, which operates Olive Garden, fell 0.4%.

Overall, many of the companies that have been beaten down have been doing better as investors see an eventual end to the pandemic. There’s been a push for broader investments in many of those industries and not much pullback, said Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management.

“It’s a very positive sign when you see very broad participation,” he said. “It tells me positioning is still in the process of moving more into cyclical stocks.”

The yield on the 10-year Treasury rose to 0.92% from 0.91% late Monday.

European markets closed mixed and Asian markets fell.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, ADEA MAKELL DEVEAUX, of Twynam Heights, P.O.Box CB 12322 Nassau, Bahamas intend to change my name to A-DAH MAKELL DEVEAUX. If there are any objections to this change of name by Deed Poll, you may write such objections to the Deputy 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 ALICIAN SHANA MERLENE LEWINMcGREGOR NEE LEWIN of 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 2nd day of December 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE NOTICE is hereby given that JEANNINE ATILUS of Union Village 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 2nd day of December 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE NOTICE is hereby given that PHILOGENE PHILIPPE LIMAGE of #16 Sunrise South off Blue Hill Road P.O.Box SB-52349 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 9th day of December 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

THE TRIBUNE

Wednesday, December 9, 2020, PAGE 9

BRITISH Prime Minister Boris Johnson leaves 10 Downing Street in London, to attend a cabinet meeting at the Foreign, Commonwealth and Development Office yesterday. Britain’s rollout of the COVID-19 vaccine yesterday has been dubbed “V-Day”, recalling the World War II D-Day landings that marked the start of the final push to defeat Nazi Germany. The UK is the first Western country to authorise widespread use of a vaccine.

Photo: Matt Dunham/AP

UK, EU leaders to meet today amid Brexit no-deal signals LONDON Associated Press THE leaders of Britain and the European Commission will make a last-minute push for a post-Brexit UK-EU trade deal over dinner today, with both sides warning that the chance of reaching agreement by a year-end deadline is slipping away.

With just over three weeks until an economic rupture that threatens upheaval for businesses on both sides of the English Channel, European Commission President Ursula von der Leyen tweeted that she looked forward to welcoming UK Prime Minister Boris Johnson to Brussels this evening.

Johnson’s office confirmed the two leaders would hold a dinner meeting “to continue discussions on the future relationship between the UK and the EU”.

The warm words masked a deep political divide between Britain and the EU over what their relationship will look like once a post-Brexit transition period ends on Dec 31.

Johnson and von der Leyen, head of the EU’s executive arm, spoke by phone on Monday to take stock of trade talks that have ground to a halt after

months of tense negotiations. The two leaders said afterwards that “significant differences” remained on three key issues — fishing rights, fair-competition rules and the governance of future disputes.

Johnson said yesterday that “the situation at the moment is very tricky”, though he added that “hope springs eternal”.

German European Affairs Minister Michael Roth, whose country currently holds the UK’s rotating presidency, said “we are really in a very difficult situation”.

The UK left the EU on Jan 31 after 47 years of membership, but remains within the bloc’s tariff-free single market and customs union until the end of the year. Reaching a trade deal by then would ensure there are no tariffs and quotas on trade in goods on Jan 1, although there would still be new costs and red tape for businesses.

Failure to secure a trade deal would mean tariffs and other barriers that would hurt both sides, although most economists think the British economy would take a greater hit because the UK does almost half of its trade with the bloc.

There was a breakthrough in one area, as the two sides announced they had reached agreement on

GERMAN STATES TIGHTEN VIRUS RULES AS PANDEMIC BATTLE FALTERS BERLIN Associated Press SEVERAL German states moved closer to a “hard lockdown” yesterday as officials warned that continued high coronavirus infections could overwhelm hospitals and that too many people were ignoring existing pandemic restrictions.

The governor of Saxony, Michael Kretschmer, announced that schools and most stores will close from Monday until Jan 10, as the eastern state recorded the Germany’s worst infection rates.

Figures published by Germany’s disease control agency showed the number of newly confirmed cases per 100,000 inhabitants reaching almost 320 in a week in Saxony — more than twice the national average of about 147.

In the neighbouring state of Bavaria to the south, governor Markus Soeder urged regional lawmakers to back his government’s decision to declare a state of emergency and introduce tough new measures including a nighttime curfew, more home schooling and stricter border controls.

“The numbers are simply not going down,” Soeder told parliament in Munich and warned: “The second wave is worse than the first.”

Germany managed to avoid the high number of infections and grim death tolls seen in some other large European nations in

spring, and continues to have a lower overall fatality rate than countries such as Britain, France and Spain. But while restrictions imposed in November have slowed the exponential rise in cases, the numbers keep creeping up.

The Robert Koch Institute, the country’s disease control agency, reported 14,054 newly confirmed cases in the past 24 hours Tuesday, taking the total since the start of the outbreak to almost 1.2 million.

The number of COVID19-related deaths in the country rose by 423 to 19,342.

“Every four minutes a person in Germany dies of corona,” Soeder told lawmakers, calling the outbreak “the biggest disaster that our generation has ever experienced.”

The conservative governor, who has been mentioned as a possible successor to Chancellor Angela Merkel after next year’s national election, took aim at people who have flouted or found loopholes in the existing rules.

Soeder said authorities in Bavaria would crack down on what he called “Gluehwein hopping” — the practice of going from one outdoor stall serving mulled wine to another to get around the closure of bars. He also slammed the far-right Alternative for Germany party and its members, who have railed against the restrictions and in some cases made unfounded claims that the coronavirus pandemic is over.

how trade will work with Northern Ireland, the only part of the UK that shares a land border with the EU. The Brexit divorce agreement struck by the two sides last year contains specific provisions for Northern Ireland to ensure there are no customs checks or other trade barriers along the border with EU member state Ireland.

Not all the details were hammered out before the UK left the bloc in January, and as trade talks foundered the British government introduced legislation in September giving itself powers to breach the legally binding withdrawal agreement.

Britain claimed its Internal Market Bill was needed as an “insurance policy” to protect the flow of goods within the UK in the event of a no-deal Brexit. But the

move infuriated the EU, which saw it as an act of bad faith that could imperil Northern Ireland’s peace settlement.

Yesterday, British Cabinet Minister Michael Gove and European Commission Vice President Maros Sefcovic said they had reached an agreement on how trade to and from Northern Ireland would work, whether or not there is an overarching UK-EU trade deal.

Britain said as a result it would scrap its law-breaking measures, and Sefcovic said he hoped the accord would “create a positive momentum for the free trade agreement”.

The meeting between Johnson and von der Leyen comes on the eve of a twoday summit in Brussels starting tomorrow — one the EU hopes will not be overshadowed by Brexit.

EU officials suggested negotiations could continue past Jan 1, even as the two sides tumbled into a nodeal trading relationship.

But the UK insists the talks must finish this year.

While both sides want a deal, they have fundamentally different views of what it entails. The EU fears Britain will slash social and environmental standards and pump state money into UK industries, becoming a low-regulation economic rival on the bloc’s doorstep — hence the demand for strict “level playing field” guarantees in exchange for access to its markets.

The UK government sees Brexit as about sovereignty and “taking back control” of the country’s laws, borders and waters. It claims the EU is making demands it has not placed on other countries and is trying to

bind Britain to the bloc’s rules indefinitely.

With both sides seemingly entrenched in their positions, it was unclear what Johnson’s trip to Brussels could achieve.

Fabian Zuleeg, chief executive of the European Policy Centre, said it was a piece of political theater.

“But what we don’t know is whether it is positive theater or negative theater,” he said. “Is it coming to Brussels and then claiming to have hard won a deal maybe with some symbolism around that? … Or the other option is he comes here to make the political point that no agreement is possible.

“At this moment, we simply don’t know which theatre Boris Johnson is going to play.”

MARKET REPORT www.bisxbahamas.com

TUESDAY, 8 DECEMBER 2020

BISX ALL SHARE INDEX:

CLOSE

CHANGE

2088.98

0.08

%CHANGE

YTD

YTD%

0.00 -142.62

-6.39

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

BISX LISTED & TRADED SECURITIES 52WK HI 4.05 33.05 2.00 1.79 2.39 6.00 6.75 4.40 8.59 4.50 6.16 12.77 3.64 6.50 10.88 8.44 16.99 4.25 9.26 15.21

52WK LOW 3.13 22.65 0.67 1.62 1.67 5.00 6.00 2.70 4.75 3.50 5.90 11.06 2.10 3.96 9.60 7.50 13.04 3.20 8.15 14.00

PREFERENCE SHARES 1.00

1.00

1000.00 1000.00 1000.00 1000.00

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 2.37 4.43 2.13 198.39 176.73 1.69 1.85 1.77 1.24 8.39 10.26 7.23 12.80 12.81 10.81 10.00 8.98 11.79

52WK LOW 2.11 3.30 1.68 164.74 116.70 1.65 1.79 1.75 1.05 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

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 32.12 1.62 1.78 1.67 6.00 6.61 2.90 4.75 3.63 5.90 11.26 2.28 6.50 10.35 8.40 14.12 3.80 8.25 15.20

CLOSE 4.05 32.12 1.62 1.78 1.67 6.00 6.61 2.90 4.75 3.63 5.90 11.26 2.34 6.50 10.38 8.40 14.12 3.80 8.25 15.20

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.06 0.00 0.03 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

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

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

100

110

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

NAV 2.37 4.43 2.13 198.36 173.98 1.69 1.79 1.77 1.05 8.39 9.88 7.23 12.33 12.80 10.20 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 34.5 N/M N/M N/M N/M 17.9 -6.6 33.9 19.7 13.1 15.6 22.9 13.9 16.1 11.5 17.3 18.7 8.8 24.1

YIELD 4.20% 3.92% 1.23% 0.00% 0.00% 0.00% 3.93% 0.00% 0.00% 3.31% 3.73% 6.39% 18.55% 0.92% 3.16% 2.86% 3.82% 3.16% 2.42% 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% 3.76% 4.43% 1.54% 2.56% 2.12% 2.59% 1.65% 2.39% 4.34% 9.82% 1.65% 1.95% -3.06% -2.22% 0.80% 1.17% -12.30% -11.81% 0.64% 0.98% 1.19% -3.63% 4.20% 5.04% 2.63% 7.68% 3.68% 3.93% -4.89% -4.62% N/A N/A -0.50% 3.70% -3.80% 4.10%

NAV Date 31-Oct-2020 31-Oct-2020 30-Oct-2020 30-Sep-2020 30-Sep-2020 31-Oct-2020 31-Oct-2020 31-Oct-2020 31-Oct-2020 30-Sep-2020 30-Sep-2020 30-Sep-2020 30-Sep-2020 30-Sep-2020 30-Sep-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 | CAROLISLE 242-502-7525 | LENO 242-396-3225 | BENCHMARK 242-326-7333

PAGE 12, Wednesday, December 9, 2020

THE TRIBUNE

Tesla seeks to sell $5B in stock; CEO Musk moves to Texas Associated Press TESLA said yesterday it is looking to raise up to $5bn in capital through a stock offering. The announcement came on the same day CEO Elon Musk said he has moved his home to Texas from California.

The stock sale is the second for the electricvehicle and solar-panel company in three months.

In September, Tesla said it planned to sell up to $5bn worth of common shares just one day after a 5-for-1 stock split took effect.

Musk told The Wall Street Journal in an interview yesterday that he has moved to Texas, saying that

say where he had moved in Texas, but it’s likely to be close to Austin, where Tesla is building a new factory. SpaceX, another Musk-led company, has operations nearby. Musk told the newspaper he’s been working on the move for months.

Musk had threatened to relocate Tesla’s Palo Alto, California, headquarters and future manufacturing to Texas earlier this year during a high-profile spat with county officials over whether Tesla’s San Francisco Bay Area factory should stay closed due to coronavirus restrictions.

On the stock offering, Tesla Inc said in a

ELON MUSK California has taken innovators for granted.

He also could be moving because Texas has no

income tax. Musk’s 18% stake in Tesla is worth billions.

The newspaper didn’t

regulatory filing that the sales would be made “from time to time”. The stock will be sold through ten different brokerage houses, and each will get up to a 0.25% commission.

Wedbush’s Daniel Ives said in a client note that the current move makes sense given the strong rally in the company’s shares and investors’ keen interest in the electric vehicle market.

Tesla’s stock has exploded this year, rising more than 600%. It closed yesterday up 1.3% at $649.88.

The company has to finance some big-ticket capital spending this year because it’s building a new

THE WEATHER REPORT

5-Day Forecast

TODAY

ORLANDO

High: 62° F/17° C Low: 43° F/6° C

TAMPA

THURSDAY

FRIDAY

SATURDAY

SUNDAY

Times of clouds and sun

Partly cloudy

Nice with clouds and sun

Intervals of clouds and sunshine

Mostly sunny and delightful

Pleasant with plenty of sunshine

High: 73°

Low: 62°

High: 73° Low: 66°

High: 77° Low: 68°

High: 79° Low: 68°

High: 81° Low: 69°

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

AccuWeather RealFeel

71° F

61° F

73°-64° F

77°-68° F

82°-73° F

89°-71° F

The exclusive AccuWeather RealFeel Temperature® is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure and elevation on the human body—everything that affects how warm or cold a person feels. Temperatures reflect the high and the low for the day.

N

almanac

E

W

ABACO

S

N

High: 70° F/21° C Low: 60° F/16° C

7-14 knots

S

High: 66° F/19° C Low: 46° F/8° C

6-12 knots

FT. LAUDERDALE

FREEPORT

High: 66° F/19° C Low: 49° F/9° C

E

W S

E

W

WEST PALM BEACH

N

uV inDex toDay

TONIGHT

High: 63° F/17° C Low: 52° F/11° C

High: 69° F/21° C Low: 59° F/15° C

MIAMI

High: 66° F/19° C Low: 48° F/9° C

7-14 knots

KEY WEST

High: 66° F/19° C Low: 60° F/16° C

High: 73° F/23° C Low: 62° F/17° C

Forecasts and graphics provided by AccuWeather, Inc. ©2020

High: 75° F/24° C Low: 64° F/18° C

N

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

2:24 a.m.

2:40 p.m.

2.6 2.7

8:38 a.m. 0.3 9:05 p.m. -0.1

Thursday

3:25 a.m.

3:41 p.m.

2.9 2.6

9:45 a.m. 0.1 10:00 p.m. -0.4

Friday

4:23 a.m.

4:39 p.m.

3.1 2.7

10:47 a.m. -0.1 10:53 p.m. -0.6

Saturday

5:19 a.m.

5:36 p.m.

3.3 2.7

11:46 a.m. -0.3 11:46 p.m. -0.8

Sunday

6:12 a.m.

6:30 p.m.

3.5 2.7

12:41 p.m. -0.5 ---------

Monday

7:04 a.m.

7:23 p.m.

3.6 2.6

12:38 a.m. -0.9 1:34 p.m. -0.6

Tuesday

7:55 a.m.

8:16 p.m.

3.5 2.6

1:30 a.m. -0.9 2:26 p.m. -0.6

sun anD moon Sunrise Sunset

6:44 a.m.

5:21 p.m.

Moonrise Moonset

1:12 a.m.

1:42 p.m.

New

First

Full

Last

Dec. 14

Dec. 21

Dec. 29

Jan. 6

CAT ISLAND

E

W

High: 75° F/24° C Low: 66° F/19° C

N

S

E

W

7-14 knots

S

7-14 knots Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.

Statistics are for Nassau through 1 p.m. yesterday Temperature High ................................................... 72° F/22° C Low .................................................... 66° F/19° C Normal high ....................................... 79° F/26° C Normal low ........................................ 68° F/20° C Last year’s high ................................. 81° F/27° C Last year’s low ................................... 62° F/17° C Precipitation As of 1 p.m. yesterday ................................. 0.00” Year to date ............................................... 67.20” Normal year to date ................................... 38.86”

ELEUTHERA

NASSAU

factory in Germany and outside of Austin. It’s also gearing up to roll out its new “Cybertruck” pickup and a semi sometime next year.

The company posted a $331m net profit for the July through September period, its fifth straight quarter of profitability. But as in previous quarters, the company relied heavily on $397m it earned from selling electric vehicle credits to other automakers so they can meet government fuel economy and pollution regulations.

Tesla could post its first full-year profit when it reports fourth-quarter earnings early next year.

ANDROS

SAN SALVADOR

GREAT EXUMA

High: 76° F/24° C Low: 66° F/19° C

High: 76° F/24° C Low: 70° F/21° C

N

High: 74° F/23° C Low: 63° F/17° C

E

W S

LONG ISLAND

tracking map

High: 77° F/25° C Low: 67° F/19° C

6-12 knots

MAYAGUANA High: 78° F/26° C Low: 69° F/21° C

Shown is today’s weather. Temperatures

CROOKED ISLAND / ACKLINS

are today’s highs and tonight’s lows.

RAGGED ISLAND High: 76° F/24° C Low: 69° F/21° C

GREAT INAGUA High: 79° F/26° C Low: 71° F/22° C

N

N E

W

E

W

H

High: 77° F/25° C Low: 68° F/20° C

S

S

7-14 knots

7-14 knots

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

Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday: Today: Thursday:

WINDS NW at 6-12 Knots N at 4-8 Knots NW at 7-14 Knots NNE at 6-12 Knots NW at 6-12 Knots E at 7-14 Knots NNW at 6-12 Knots NE at 7-14 Knots N at 6-12 Knots N at 7-14 Knots NW at 7-14 Knots N at 4-8 Knots NW at 7-14 Knots NNW at 8-16 Knots NW at 7-14 Knots NNE at 7-14 Knots NW at 6-12 Knots ENE at 6-12 Knots NNW at 6-12 Knots ENE at 7-14 Knots NNW at 7-14 Knots NNW at 6-12 Knots NW at 7-14 Knots ENE at 6-12 Knots NW at 6-12 Knots NNE at 7-14 Knots

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

VISIBILITY 5 Miles 5 Miles 10 Miles 10 Miles 5 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. 79° F 78° F 75° F 74° F 79° F 79° F 81° F 81° F 81° F 81° F 76° F 74° F 77° F 76° F 82° F 82° F 82° F 81° F 80° F 79° F 79° F 79° F 81° F 80° F 79° F 79° F