By NATARIO McKENZIE Tribune Staff Reporter email@example.com A 26-YEAR-OLDman, charged with stabbing another man to death during a fight on the building site of a local church, was arraigned in Magis trates Court yesterday. Police have charged Phanuel Charles of Burial Ground Cor ner with the murder of Leonard Lionel Johnson. Johnson, 21, of Misty Gardens was fatally stabbed around 3pm during a fight with another construction worker on the building site of N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R Mums fight over vacuumed baby C M Y K C M Y K V olume: 105 No.300FRIDAY, NOVEMBER 20, 2009 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER CLOUDSAND SUNSHINE HIGH 82F LOW 71F B U S I N E S S SEEBUSINESSFRONT S P O R T S South Ocean foreclosure bid defeated SEEPAGE11 Boxers enter Hall of Fame By MEGAN REYNOLDS Tribune Staff Reporter m firstname.lastname@example.org A MOTHER who cried out for help in childbirth at Princess Margaret Hospital had her baby sucked out of her with a vacuum in seconds leaving him disabled, she claims. Elaine Wright, 41, told The T ribune h ow she endured a nine-hour labour while, she claimed, the ward nurse slept in her chair until a doctor arrived, tired and angry. The mother-of-two had a forceps delivery with her first child in Jamaica and knew she would not be able to birth her second b aby on her own. Her medical history had been recorded at PMH and given her age and high blood pressure she believes she required a Caesarian section, but said the doctor went ahead and used a suction device without her consent to extract the baby. The baby was born in seconds with a an awful whoosh Claim that hospital procedure left her child disabled The Tribune ANY TIME...ANY PLACE, WERE #1 BAHAMASEDITION FRI. NOV. 20 McHAPPY DAY www.tribune242.com BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E SEE page nine ELAINE WRIGHT and her son Kenneil CARNIVALDREAMWELCOMED By TANEKA THOMPSON Tribune Staff Reporter email@example.com POLICE intend to step up their patrols nationwide in an effort to t hwart would-be armed robbers. The move comes in the wake of five armed robberies all of which occurred on Wednesday added to the recent spate of attacks on businesses throughout New Providence. A pedestrian and a string of businesses including a clothing s tore, a wash house and a convenience store were targeted on Wednesday. Police suspect the crimes are related to the approaching holiday season. With the trend expected SEE page eight THE Attorney General's Office said it "did not act improperly" when it made an application before Magistrate Carolita Bethel to detain more than $850,000 of suspected drug proceeds from Keva Major. In a notice published in a local daily yesterday, the AG's office provided what it termed "the factual basis" around media reports that Magistrate Linda Virgill hit out at fellow magistrate Carolita Bethel for issuing an order to seize the funds. Said the AG's notice, in part: "The Office of the Attorney-General on SepSEE page eight THECARNIVALDREAM cruise ship is welcomed to the Bahamas yesterday o n its inaugural voyage. Minister of Tourism Vincent Vanderpool-Wallace said, according to a rule-of-thumb estimate, the ship and its 3,800 passengers brought in more than $380,000. SEEPAGETWO and BUSINESSSECTION Felip Major /Tribune staff Five armed robberies in one day AGs Office did not act improperly over suspected drug proceeds SEE page eight By ALISON LOWE Tribune Staff Reporter firstname.lastname@example.org POLICE investigators were in Long Island yesterday investigating the suspicious disappearance of a man from Lower Deadmans Cay. Central Detective Unit officers travelled to the family island to follow up on the case of Emerson McHardy, Assistant Commissioner in charge of crime, Raymond Gibson, confirmed. Mr McHardy, a labourer who is understood to be in his late thirties or early forties, disappeared five weeks ago yesterday. While details were sketchy SEE page eight Man charged with church building site stabbing death Police investigate man s suspicious disappearance B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o rT H E B a h a m a s w o u l d h a v e r a n k e d 1 1 o u t o f 1 2 m a j o r i n t e r n a t i o n a l f i n a n c i a l c e n t r e s h a d i t b e e n i n c l u d e d i n a s u r v e y d e s i g n e d t o m e a s u r e t h e a t t r a c t i v e n e s s o f t h e s e n a t i o n s t o m o b i l e h i g h n e t w o r t h i n d i v i d u a l s S t e p h e n W a l l d i r e c t o r o f t h e S c o r p i o P a r t n e r s h i p a n i n t e r n a t i o n a l w e a l t h m a n a g e m e n t c o n s u l t a n c y p r e s e n t e d t o t h e N a s s a u C o n f e r e n c e a s u r v e y t h a t a n a l y s e d t h e f a c t o r s i n f l u e n c i n g h i g h n e t w o r t h i n d i v i d u a l s w h e n i t c a m e t o d e c i d i n g w h i c h j u r i s d i c t i o n t o b a s e t h e m s e l v e s i n T h e M o b i l e W e a l t h R e s i d e n c y I n d e x ( M W R I ) M r W a l l s a i d f o c u s e d o n 1 1 j u r i s d i c t i o n s b u t h a d t h e B a h a m a s b e e n i n c l u d e d i t w o u l d h a v e p l a c e d 1 1 t h o u t o f 1 2 r a n k i n g o n l y a h e a d o f G u e r n s e y T h e o t h e r s r a t e d w e r e a m o n g t h i s n a t i o n s c h i e f c o m p e t i t o r s : C a y m a n S i n g a p o r e S w i t z e r l a n d D u b a i H o n g K o n g I s l e o f M a n J e r s e y L o n d o n N e w Y o r k a n d M o n a c o M r W a l l s a i d S w i t z e r l a n d s a l l r o u n d a p p e a l h a d p l a c e d i t a t n u m b e r o n e e v e n t h o u g h i t w a s r a n k e d o n l y f i f t h f o r t a x a p p e a l s i n c e i t s m u l t i f a c e t e d q u a l i t i e s w e r e a t t r a c t i n g a w i d e r a n g e o f m o b i l e w e a l t h y S w i t z e r l a n d h e s a i d r a n k e d a t t h e t o p f o r e c o n o m i c a n d p o l i t i c a l s t a b i l i t y l e g a l c o n s i d e r a t i o n s p r o x i m i t y a n d c o n v e n i e n c e e d u c a t i o n f o r c h i l d r e n a n d c u l t u r e / i n f r a s t r u c t u r e I n c o n t r a s t t h e B a h a m a s w a s r a n k e d b o t t o m o u t o f 1 2 b y t h e M W R I I n d e x w h e n i t c a m e t o e c o n o m i c a n d p o l i t i c a l s t a b i l i t y a n d e m p l o y m e n t / b u s i n e s s o p p o r t u n i t i e s I t w a s a l s o p l a c e d 1 1 t h f o r l e g a l c o n s i d e r a t i o n s a n d 1 0 t h f o r s o p h i s t i c a t i o n / c u l t u r e / i n f r a s t r u c t u r e H o w e v e r M r W a l l s a i d t h e B a h a m a s e n j o y e d s t r o n g p o s i t i o n i n g i n a r e a s s u c h a s t a x a n d i m m i g r a t i o n w h e r e i t w a s t h i r d ; a v a i l a b i l i t y o f q u a l i t y h o u s i n g w h e r e i t w a s s e c o n d ; s e c u r i t y w h e r e i t w a s t h i r d ; a n d e d u c a t i o n f o r c h i l d r e n w h e r e i t w a s f i f t h S o u t h O c e a n f o r e c l o s u r e b i d d e f e a t e dB y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r T H E s i x m o n t h r e c e i v e r s h i p f o r t h e d i s p u t e d $ 8 6 7 m i l l i o n S o u t h O c e a n r e d e v e l o p m e n t w a s d i s c h a r g e d b y t h e S u p r e m e C o u r t e a r l i e r t h i s w e e k T r i b u n e B u s i n e s s c a n e x c l u s i v e l y r e v e a l a f t e r a j u d g e d i s m i s s e d a n a t t e m p t b y o n e o f t h e p r o p e r t y s i n v e s t o r s t o p l a c e i t i n f o r e c l o s u r e J u s t i c e S t e p h e n I s a a c s d i s m i s s e d t h e f o r e c l o s u r e a c t i o n b r o u g h t b y P r o p c o a n i n v e s t m e n t v e h i c l e o w n e d b y t h e C a n a d i a n C o m m e r c i a l W o r k e r s I n d u s t r y P e n s i o n P l a n ( C C W I P P ) o n t h e g r o u n d s t h a t t h e r e s o r t s i m m e d i a t e h o l d i n g c o m p a n y N e w S o u t h O c e a n D e v e l o p m e n t C o m p a n y d i d n o t h a v e C e n t r a l B a n k o f t h e B a h a m a s a p p r o v a l a s a f o r e i g n o w n e d e n t i t y t o r e p a y i t s l o a n d e b t t o P r o p c o M u l t i p l e s o u r c e s w i t h k n o w l e d g e o f t h e m a t t e r c o n f i r m e d e v e n t s i n t h e S u p r e m e C o u r t e a r l i e r t h i s w e e k a f t e r C C W I P P t h r o u g h P r o p c o a t t e m p t e d t o f o r e c l o s e o n t h e $ 8 5 m i l l i o n f i r s t m o r t g a g e / d e b e n t u r e i t h o l d s o n t h e 3 7 5 a c r e S o u t h O c e a n p r o p e r t y C C W I P P s f o r e c l o s u r e a t t e m p t t h o u g h w a s o p p o s e d b y t h e N e w S o u t h O c e a n D e v e l o p m e n t C o m p a n y s f i n a n c i n g p a r t n e r C o n n e c t i c u t b a s e d h e d g e f u n d P l a i n f i e l d A s s e t M a n a g e m e n t a n d i t s S e a s i d e H e i g h t s i n v e s t m e n t v e h i c l e w h i c h h o l d s t h e s e c o n d m o r t g a g e / d e b e n t u r e o v e r t h e s o u t h w e s t N e w P r o v i d e n c e r e s o r t s r e a l e s t a t e T h a t i s u n d e r s t o o d t o b e f o r a s u m i n t h e h i g h $ 5 0 m i l l i o n s r a n g e A n d i t w a s P l a i n f i e l d s a t t o r n e y B r i a n M o r e e Q C s e n i o r p a r t n e r a t M c K i n n e y ,* S u p r e m e C o u r t r u l e s a g a i n s t $ 8 5 m m o r t g a g e h o l d e r s a p p l i c a t i o n b e c a u s e r e s o r t d i d n o t h a v e C e n t r a l B a n k e x c h a n g e c o n t r o l p e r m i s s i o n t o r e p a y l o a n J u d g m e n t d i s c h a r g e s s i x m o n t h r e c e i v e r s h i p s o u r c e s s a y S o u t h w e s t N e w P r o v i d e n c e r e s o r t s f u t u r e r e m a i n s o n h o l d a n d u n c e r t a i n a s c o n t r o l n o w b a c k i n h a n d s o f w a r r i n g p a r t i e s n o t w a n t i n g t o i n v e s t m o r e f u n d s S S E E E E p p a a g g e e 4 4 B B B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o r T H E a t t o r n e y r e p r e s e n t i n g o p p o n e n t s o f t h e $ 5 0 0 m i l l i o n G u a n a C a y m i x e d u s e r e s o r t d e v e l o p m e n t y e s t e r d a y s a i d i t w a s r e g r e t t a b l e t h a t t h e P r i v y C o u n c i l d i d n o t d e t e r m i n e i n i t s r u l i n g w h e t h e r d e v e l o p e r s a n d t h e G o v e r n m e n t c o u l d s u e e a c h o t h e r u n d e r a H e a d s o f A g r e e m e n t d e s c r i b i n g t h e c a s e a s a l o s t o p p o r t u n i t y t o b r i n g c l a r i t y t o t h e m u r k y d e v e l o p m e n t p r o c e s s i n t h e B a h a m a s F r e d S m i t h Q C t h e C a l l e n d e r s & C o a t t o r n e y a n d p a r t n e r s a i d t h e f o u r y e a r l e g a l b a t t l e w a g e d b y h i s c l i e n t s t h e S a v e G u a n a C a y A s s o c i a t i o n a g a i n s t t h e B a k e r s B a y G o l f & O c e a n C l u b p r o j e c t h a d h i g h l i g h t e d a n d f o c u s e d t h e n e e d f o r t h e G o v e r n m e n t t o l e g i s l a t e t h i s n a t i o n s d e v e l o p m e n t a p p r o v a l s p r o c e s s e s b r i n g i n g c l a r i t y t o b o t h t h i s a n d t h e r i g h t s o f a f f e c t e d r e s i d e n t s R e s p o n d i n g t o t h e P r i v y C o u n c i l s r u l i n g w h i c h p r e v e n t e d h i s c l i e n t s f r o m b l o c k i n g D i s c o v e r y L a n d C o m p a n y s d e v e l o p m e n t o n t h e g r o u n d s t h a t t h e p r o j e c t s H e a d s o f A g r e e m e n t w a s u l t r a v i r e s o r i m p r o p e r M r S m i t h s a i d : R e g r e t t a b l y t h e c a s e d o e s n o t a n a l y s e w h a t a H e a d s o f A g r e e m e n t i s a n d w h e t h e r a H e a d s o f A g r e e m e n t i s b i n d i n g a n d l a w f u l a p u b l i c e x p r e s s i o n [ o f i n t e n t ] m o r e t h a n a b i n d i n g d o c u m e n t R e g r e t t a b l y t h e P r i v y C o u n c i l h a s n o t c l a r i f i e d t h e i s s u e o f w h e t h e r a d e v e l o p e r c o u l d s u e t h e G o v e r n m e n t t o e n f o r c e a H e a d s o f A g r e e m e n t o r v i c e v e r s a M r S m i t h q u e s t i o n e d w h e t h e r f o r i n s t a n c e i f a H e a d s o f A g r e e m e n t c o n t a i n e d p r o v i s i o n s f o r a d e v e l o p e r t o c l e a r u p a n y e n v i r o n m e n t a l d a m a g e i f t h e y f a i l e d t o m e e t t h e i r o b l i g a t i o n s a n d a b a n d o n e d t h e p r o j e c t t h e G o v e r n m e n t w o u l d b e a b l e t o s u e t h e m t o e n f o r c e t h e s e p r o v i s i o n s o r n o t T h e n e w l y n a m e d Q C a d d e d : U n f o r t u n a t e l y a t t h e S u p r e m e C o u r t t h e C o u r t o f A p p e a l a n d t h e P r i v y C o u n c i l t h e r e w a s a l o s t o p p o r t u n i t y f o r b r i n g i n g c l a r i t y t o t h e d e v e l o p m e n t p r o c e s s i n t h e B a h a m a s a s m u r k y a s i t i s w i t h o u t l e g i s l a t i o n t h a t e x p l a i n s a s t e p b y s t e p a p p r o a c h C M Y K C M Y K S E C T I O N B b u s i n e s s @ t r i b u n e m e d i a n e t F R I D A Y N O V E M B E R 2 0 2 0 0 9 T H E T R I B U N E $ 4 1 7 $ 4 3 2 $ 4 2 5 S A L E S O F F I C E S : N A S S A U I F R E E P O R T I A B A C O I E L E U T H E R A I E X U M A I C O R P O R A T E C E N T R E : E A S T B A Y S T R E E T I w w w f a m g u a r d b a h a m a s c o mc a l l u s t o d a y a t 3 9 6 1 3 5 5 y o u r s e a r c h e n d s h e r e L i f e I n s u r a n c e H e a l t h I n s u r a n c e E m p l o y e e B e n e t s A n n u i t i e s M o r t g a g e s I n v e s t m e n t s A S U B S I D I A R Y O F L o s t o p p o r t u n i t y t o c l a r i f y m u r k y a p p r o v a l p r o c e s s A t t o r n e y s a y s r e g r e t t a b l e P r i v y C o u n c i l r u l i n g f a i l e d t o a d d r e s s w h e t h e r H e a d s o f A g r e e m e n t p a r t i e s c o u l d s u e e a c h o t h e r a n d b r i n g c e r t a i n t y t o B a h a m a s d e v e l o p m e n t p r o c e s s S S E E E E p p a a g g e e 4 4 B B F R E D S M I T H B y N E I L H A R T N E L L T r i b u n e B u s i n e s s E d i t o rB A H A M A S F i r s t t h e B a h a m i a n g e n e r a l i n s u r e r i s p o i s e d t o e x p a n d i n t o t h e C a r i b b e a n t h r o u g h t h e a c q u i s i t i o n o f S a g i c o r G e n e r a l I n s u r a n c e C o m p a n y ( C a y m a n ) T r i b u n e B u s i n e s s c a n r e v e a l i n a d e a l l i k e l y t o b e c o n f i r m e d i m m i n e n t l y I n s u r a n c e i n d u s t r y s o u r c e s c o n f i r m e d t o t h i s n e w s p a p e r y e s t e r d a y t h a t a L e t t e r o f I n t e n t f o r B a h a m a s F i r s t s p u r c h a s e o f t h e C a y m a n i a n c o m p a n y h a d b e e n s i g n e d a n d t h a t t h e d e a l c o u l d b e a n n o u n c e d a s e a r l y a s t o d a y T h a t w a s u n c o n f i r m e d y e s t e r d a y t h o u g h W h e n c o n t a c t e d b y T r i b u n e B u s i n e s s i n M i a m i I a n F a i r B a h a m a s F i r s t s c h a i r m a n r e p l i e d : I t s p r e m a t u r e f o r u s t o m a k e a n y c o m m e n t I t w a s a l s o u n c l e a r w h e t h e r B a h a m a s F i r s t w a s a c q u i r i n g 1 0 0 p e r c e n t o f S a g i c o r G e n e r a l I n s u r a n c e C o m p a n y ( C a y m a n ) s h a r e c a p i t a l o r j u s t t h e 7 5 p e r c e n t s t a k e h e l d b y i t s u l t i m a t e p a r e n t S a g i c o r L i f e J a m a i c a T h e l a t t e r h o l d s i t s s t a k e i n t h e C a y m a n f i r m t h r o u g h i t s w h o l l y o w n e d s u b s i d i a r y S a g i c o r L i f e o f t h e C a y m a n I s l a n d s T h e p u r c h a s e p r i c e i s a l s o u n k n o w n a l t h o u g h i n s u r a n c e i n d u s t r y s o u r c e s e x p r e s s e d d o u b t a s t o w h e t h e r B a h a m a s F i r s t w o u l d p a y b o o k v a l u e o r m a t c h t h e $ 1 5 m i l l i o n i n n e t s h a r e h o l d e r e q u i t y t h a t S a g i c o r G e n e r a l I n s u r a n c e C o m p a n y ( C a y m a n ) h a d a c c o r d i n g t o i t s 2 0 0 8 y e a r e n d a c c o u n t s d u e t o t h e f a c t t h a t t h e c o m p a n y h a d p e r f o r m e d r e l a t i v e l y p o o r l y i n r e c e n t y e a r s a n d n o t b e e n v e r y p r o f i t a b l e T h e r e w e r e a l s o q u e s t i o n s a s t o w h y B a h a m a s F i r s t w o u l d s e e k t o e n t e r t h e C a y m a n g e n e r a l i n s u r a n c e m a r k e t g i v e n t h a t p r o p e r t y a n d c a s u a l t y p l u s a u t o r a t e s w e r e f a l l i n g T h i s w a s c o u p l e d w i t h t h e f a c t C a y m a n w a s v i e w e d a s h a v i n g t h e h i g h e s t r i s k p r o f i l e i n t h e C a r i b b e a n g i v e n i t s r e l a t i v e l y f l a t g e o g r a p h y ( s t o r m s u r g e e x p o s u r e ) a n d h i g h c o n c e n t r a t i o n o f d e v e l o p m e n t ( m e a n i n g r i s k ) i n a s m a l l a r e a T r i b u n e B u s i n e s s w a s t o l d t h a t a c c o r d i n g t o i t s 2 0 0 8 f i n a n c i a l s S a g i c o r G e n e r a l I n s u r a n c e C o m p a n y ( C a y m a n ) w r o t e $ 4 6 m i l l i o n o f g r o s s p r e m i u m s t h a t y e a r s o m e 3 1 p e r c e n t o f w h i c h w e r e h e a l t h p r e m i u m s I n s u r a n c e i n d u s t r y s o u r c e s b e l i e v e B a h a m a s F i r s t w h i c h i s s o l e l y a g e n e r a l i n s u r e r w i l l e i t h e r s e l l o r s p i n o f f t h e h e a l t h p o r t f o l i o g i v e n t h a t i t d o e s n o t f i t i t s b u s i n e s s m o d e l S o m e 6 9 p e r c e n t o r $ 3 1 7 4 m i l l i o n o f i t s p r e m i u m s w e r e o n t h e g e n e r a l s i d e i n 2 0 0 8 S t i l l t h e B a h a m i a n i n s u r a n c e i n d u s t r y h a s b e e n t h i s e c o n o m y s m o s t a g g r e s s i v e s e c t o r w h e n i t c o m e s t o o v e r s e a s e x p a n s i o n a n d B a h a m a s F i r s t f o l l o w s j u s t s e v e r a l w e e k s b e h i n d B A F G l o b a l G r o u p B r i t i s h A m e r i c a n F i n a n c i a l s p a r e n t u n v e i l e d i t s a c q u i s i t i o n o f B r i t i s h A m e r i c a n I n s u r a n c e C o m p a n y ( C a y m a n ) f r o m t h e r e c e i v e r s e a r l i e r t h i s m o n t h M e a n w h i l e s o m e 2 4 2 p e r c e n t o f t h e r e m a i n i n g S a g i c o r B a h a m a s F i r s t s e t t o a c q u i r e C a y m a n f i r m S S E E E E p p a a g g e e 5 5 B BB a h a m a s r a n k e d 1 1 t h o u t o f 1 2 i n a t t r a c t i v e n e s s t o w e a l t h y s u r v e y IN A move hoped to bring synergy and stability to the embat tled Lands and Surveys department, a new administrative director has been appointed in the person of Mr Alexander Flowers. As a former Family Island administrator, Mr Flowers is said to be bringing in his administrative abilities at a time when the department is desperately seeking to turn around its image. Following the resignation of the former Lands and Surveys Director Tex Turnquest, the House of Assembly has ordered a Select Committee to investigate all matters relating to the dis SEE page eight New administrative director at Lands and Surveys department THE suspension of Bahamas Union of Teachers (BUT President Belinda Wilson has been declared null and void by the unions executive committee. The ruling was announced yesterday at a special call meeting at BUT headquarters. The committee also stated that there are no missing or misappropriated union funds as reported. Mrs Wilson had appealed a decision to suspend her for two weeks, BUT presidents suspension is declar ed null and void SEE page nine
C M Y K C M Y K LOCAL NEWS PAGE 2, FRIDAY, NOVEMBER 20, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM INDEX MAIN/SPORTS SECTION Local News.........................P1,2,3,5,6,8,9,12 Editorial/Letters.........................................P4 Advt..........................................................P7 Sports...................................................P10,11 BUSINESS SECTION Business........................P1,2,3,4,5,8,9,11,12 Advts......................................................P6,7 Comics....................................................P10 CLASSIFIED SECTION 32 P AGES INSER TS MALL A T MARATHON USA TODA Y MAIN SECTION 12 P AGES Carnival Dream CRUISE SHIP VISITS BAHAMAS ON ITS INAUGURAL VOYAGE F e l i p M a j o r / T r i b u n e s t a f f SCENES from the arrival of the Carnival Dream cruise ship yesterday, including a musical welcome (above right performance from the Royal Bahamas Police Force Band (leftabove left (below SEEBUSINESSSECTIONFORFULLSTORY
Young people between the ages of 10-25 years of age represent 50 per cent of the persons who becomei nfected with HIV/AIDS in the English-speaking Caribbean, Minister ofH ealth Hubert Minnis said on Thursday. Addressing the opening of the third HIV Testing Day at The College of TheB ahamas, Dr Minnis said AIDS is the leading cause of death among young men between the ages of 15-44. Therefore, getting the education and awareness message out to young peo ple in these age-group categories is a key element in the prevention of the spread of HIV/AIDS in The Bahamas, Dr. Minnis said. Young people need to have the motivation, understanding, skills and tools that will help protect them from HIV infection and AIDS, Dr Minnis added. The Health Minister laud ed the organisers of the event for encouraging Bahamian students to get tested. He said too many persons w ho should be tested for HIV/AIDS are not coming forward to be tested for fearo f discrimination. Events such as this galvanize students to come forward and get tested, Dr. Minnis said. T he event was organised by students in the Sociology of Human Sexual Behaviour and Social Dimensions of HIV/AIDS Classes at the College of The Bahamas. Negativ e Organisers say more than 200 persons tested negative for HIV/AIDS during a sim ilar exercise in 2008. It is hoped that many more would take up the challenge this year, they said. Health officials say HIV/AIDS is unique among diseases in that it spreads very quickly; primarily affects young people between the ages of 15-49a nd that persons who con tract HIV may remain infectious for many years with-o ut knowledge of having the virus or showing any symptoms, which further increases the chances for spreading the disease. T he disease also reduces life expectancy, which is related to productivity and education; breaks down social cohesion while challenging value systems and results in prolonged illness, resulting in greater, extended costs on public health care services, individuals and their families. C M Y K C M Y K LOCAL NEWS THE TRIBUNE FRIDAY, NOVEMBER 20, 2009, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A Jamaican court sentenced a Bahamian man to 10 years in prison on gun and ammunition possession charges on Wednesday. Glenroy Russell had pleaded guilty to the charges on November 12 before being sentenced in the St Anns Bay Circuit Court. A joint police-military operation caught Russell with another Bahamian, Desmond Hepburn, aboarda go-fast boat on the Rio Bueno Coast off Trelawney, Jamaica, on July 18, 2009. A search of the vessel resulted in the seizure of an intra tech submachine gunand an M14 rifle with ammunition. Spokesman for Operation K ingfish, Sergeant Jubert Llewellyn said he believed Russell and another Bahamian, Desmond Hepburn, were involved in the guns for drugs trade. Hepburn was also charged in connection with the seizures. Jamaican c ourt jails B ahamian on ammunition, gun charges By ALISON LOWE T ribune Staff Reporter a email@example.com GOVERNMENT will soon hire 45 new teachers to cope w ith public school classes that have grown as children are pulled out of the private system by struggling parents. A lso joining the public s chool system in New Providence and the Family Islands at the primary level will be 250 literacy and numeracy aides w ho will come on stream for six months as part of the Governments temporary work programme. The aides will have to hold BJC education certificates in mathematics and English. Those who are placed in New Providence will be required to have achieved a C or above in those exams, while those to be stationed in the Family I slands can be recruited with a New Providence will receive 96 aides, Grand Bahama, 37, while the rest will be stationed throughout the Family Islands. The Prime Minister outlined these additions to the education system yesterday in Parl iament as he led off debate on two supplementary appropriation or spending Bills. Having received a large and unexpected one-off payment to the public treasury in October, the Government is seeking Parliamentary approval to spend $26.5 million of the money r eceived on a temporary jobs programme, hiring a number of people to new permanent public sector posts, doing numerous small infrastructural projects and meeting financial obligations to unionised teachers, nurses and doctors. A total of $2 million will be s pent this year on hiring the teachers with other permanent employees for specific urgent needs in the areas of civil aviation, finance, treasury, business licence, real property tax, physical planning, public works and lands and surveys, health, labour and social services. A bout $14 million is to be spent on the temporary jobs programme, under which the literacy and numeracy aides will be hired. While speaking on the matter of the new teachers, who he noted would include 19 College of the Bahamas graduates as well as other subject teachers i n technical and vocational subjects, agriculture, science and English, the Prime Minister warned that in the future Government will not be able to continue to hire large numbers of general non-subject specific teachers into the public school system. An argument c ould be made that we have a sufficient number of teachers today, in terms of bodies. (The problem is that) we dont have enough in specific areas, said Mr Ingraham. There needs to be some rationalisation. We cant just continue to increase the numbers without regard to w hat the needs are. Government to hire 45 new teachers for growing public school classes BY AVA TURNQUEST AN ENGINEERING society was encouraged by the progress of the govern ment-appointed Profession al Engineer's Board after hearing from its chairman ata luncheon meeting yesterday. PEB chairman Michael Moss told the Bahamas Society of Engineers of the steps taken to secure timely registration of professionale ngineers. He also gave a brief synopsis of the amended Profession Engineers Act, explaining requirements for the various regis tration categories. Engineers present voiced concerns about the time lim its on certain clauses, such as registration by virtue of corporate membership in the Bahamas Institution of Professional Engineers. As the time is counted from the date the act received its assent, because registration is still unavailable, engineers speculated whether this time limit is realistic. Mr Moss acknowledged that although the time allocated has already started to run, his board will act with the necessary urgency to register all engineers under this clause within the given constraints. Registration Former board member Lelawattee Manoo-Rahming said she is confident in the current board's ability to bring timely registration to the engineering community. "I am very hopeful mov ing forward," said Mrs Manoo-Rahming, "it feels as though we are finally getting sorted and progressing towards developing a national standard for our profession." While the support for the board and confidence in its counsel was resolute, engineers also voiced concerns that perhaps the registration process and requirements could be tailored to the Bahamian context. Look at our counterparts in Trinidad and Toba go, said one engineer. They have an exam established by their government that is tailored to their community. Why not in the Bahamas? Another engineer added: The benefits of registration are undeniable. I think this is wonderful for us to have now. This accreditation will provide security and opportunity for a lot of Bahamian engineers who were before unable to attain international accreditation with foreign institutions. Encouragement drawn from progress of the Professional Engineers Board In brief C HILDRENBEINGPULLEDFROMPRIVATESYSTEMBYSTRUGGLINGPARENTS THIRD HIVTESTINGDAY ATCOB (BIS Photo/Patrick Hanna MINISTER OF HEALTH Hubert A. Minnis chats with students attending the third HIV Testing Day which was held at The College of The Bahamas, Thursday, November 19, 2009. The event was organised by students of the Soci ology of Human Sexual Behaviour and Social Dimensions of HIV/AIDS Classes at The College of The Bahamas. T wo hundred persons tested negative for HIV/AIDS during the 2008 event. Organizers were anticipating that many more persons would take up the challenge and be tested this year.
EDITOR, The Tribune. As the number of people killed in our community escalates groups are rallying in support of the one penalty they hope can halt the recurring senseless and violent acts. These people represent the families, friends and concerned neighbours of the victims of these street killings. Each day I find out about some tragic incident leaving persons in anguish when their loved ones are murdered whom they or others depended on as providers. Thus the harsh call of the organisation to resume capital punishment should be melted with sympathy even from the abolitionist like me who denounce any law that allows criminals to be hanged. The relatives, sufferers of post traumatic stress syndrome are to have their concerns addressed in a swift and jurisprudential manner in conveyance of the fact that their relatives unnecessarily had their lives extinguished. For those who are not proponents of capital punishment, Gods l ove should be present in every endeavour of resistance to the affected individuals of homicides. It is the moral duty of every citizen of this small nation to serve and protect each other from the hands of lawbreakers. It is possible that even Bahamians living by strict religious and moral codes have not studied the criminal process near enough, therefore ceding a prison inmates right to life. It is their thought that hanging would be their elixir for our high murder rate. Yet this is not the way to display our love for these victims. A homicide can fall into five categories: a felony murder; a suspected felony murder; an argument motivated murder; non-felony, non argument related killings and lastly those with unknown motives. The first three seem to be the most common in our land which has adopted the English legal system in the administering of justice. The fourth has motives which are identifiable. Generally the fourth type has motives revealed only to the affected parties, i.e. relatives and f riends of the victims and the accused which the public may n ever discover unless demonstrators take to the streets to protest a killing. (S Mactire 1995 c.) Two political conventions only recently show the con t rasting ideals of the political elements that must decide whether we take the lives of murderers as payment to society or pursue the same options leaving them to serve lengthy sentences. And beside each headline covering the loss of human lives at the hands of these killers are stories that should leave every soul greatly disturbed. What is either read or heard are extensive reporting on financial and real estate fraud; child molestation amongst the educators and law enforcement officers; extortion; drug trafficking; road traffic injuries and traffic related fatalities of the most gruesome sort; medical malpractice suits or unaffordable health care. Union grievances are chronic handicaps to hopes of peaceful interaction between professional occupations and energy plagues everyone without exception. For many years we occasionally saw solutions to these problems, but they were ignored. The hope of our islands lies not in the taking of previous human lives, but in God, the F ather Almighty who is the creator of heaven and earth. Only with him can one have lasting, long term and lasting peace. TROY DRUMMOND Nassau, November, 2009. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, FRIDAY, NOVEMBER 20, 2009 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master L EON E. H. DUPUCH, Publisher/Editor 1903-1914 S IR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. P ublisher/Editor 1972Published Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama W EBSITE www.tribune242.com updated daily at 2pm NATIONAL Security Minister Tommy Turnquest, speaking at the recent FNM convention, talked about the Closed Circuit T elevision (CCTV launched in the downtown area and in the S outh-Eastern New Providence Division. As we advance this initiative, we say to c riminals, lawbreakers and those that aid and abet them, Smile, you may well be on C CTV. We will tape you, and we will apprehend you, said Mr Turnquest. In reply, PLP chairman Bradley Roberts seemed dismissive of this idea, which included government going ahead with electronicm onitoring of lawbreakers and an expanded forensic police lab. From his comments itw as not clear whether Mr Roberts was dismissive because he did not consider these m ethods effective in fighting crime, or whether it was because they were either started or took root under the PLP government of Perry Christie. In other words, the FNM was stealing PLP ideas. As if it mattered whose ideas they were as long as they worked and helped in getting criminals off t he streets. Whatever Mr Roberts thoughts on the s ubject, the police certainly think that CCTV cameras have greatly assisted them in their i nvestigative work. It has assisted us greatly in identifying persons. Quite a number of businesses and residences are now using these cameras, and it is helping us, said one officer. A nother police officer thought the cameras an excellent idea, particularly if used in b usiness areas and school zones. These cameras play a double role, he s aid. By being able to play the footage back, it allows us to revisit an area and identify something that we might have missed before. We have been able to deal with a num b er of matters with these cameras, he said, adding that they have shown their worth in p ublic disturbances. In these incidents, when we review the f ootage later we can identify persons participating and persons nearby who we can c all as witnesses. So the cameras certainly have the backing of the police as another weapon in their arsenal against the criminal, and in their efforts to make our homes, businesses and s treets safer. Mr Tony Hosey, proprietor of Mobile C ell Phones on Village Road, who had the bright idea of putting the break-in at his store at 2am on November 8 on YouTube, where up to last night it had had 11,535 viewers, certainly believes in the worth of the CCTV camera. The culprit breaking into his store, dressed in a baggy, long sleeved t-shirt, looks straight into the camera as he works feverishly with a long crowbar to pry off the store fronts metal shutters. Sitting in the corner is his young lookout man, well covered in a h ooded jacket, baggy trousers, white socks and thonged sandals. He seems very nerv ous as he peeps from beneath his hood, keeping his head well down, squatting, stand-i ng up, looking around a corner of the building, folding his arms and squatting again. H e acts almost as if he is aware of a camera. But not so our main man. He appears to be a pro, without fear, determined to get the shutters down and complete his mission of raiding the store of as many cell phones as hec an carry off. Although, no arrests have been made as y et, the young man looking into the camera and exerting so much muscle on his i mportant enterprise, has been identified. Police confirm that they have had many calls from persons who know him. He is also well known to several police officers. We were told that he is in the RBPFs system and is wanted for questioning in about 50 other matters. M r Hosey, who posted his CCTV footage on YouTube asking for anyone who knows t hese two criminals to call the police, is well pleased with his cameras. Not only are they o f help in identification, he said, but police do not have to dust the whole premises for fingerprints. The cameras will show them exactly where the person touched what he picked up, where he picked it up from a nd they can concentrate on that spot, said Mr Hosey. Also where the image of the person on camera might not be clear, the police can f ollow the places he has been and pick up his fingerprints. Even if his image is not clear on camera, he cant deny that he was there, because he has left his fingerprint behind. If he was not there, how did his fingerprint g et there? The film of the break-in at Mr Hoseys s tore is of such high quality that if nothing else these cameras should act as a deterrentt o even the boldest of criminals. It must have shaken this young man, who still looks a teenager, to see his face staring back at him from the web site. The camera does not lie. This is once that a young man can run, but he certainly cannot hide for long. He is now on camera. Do you believe that your cameras will help you and the police? Mr Hosey was a sked. Absolutely! was his reply. So it does not matter who first had the idea seems the idea was launch several years ago in this very column, but rejected by many because of the belief that Bahamians privacy would be invaded. No Big Brother for us! was the cry. Maybe, now is the time that Big Brother could be put to good use. Discussing capital punishment and a rising murder rate LETTERS firstname.lastname@example.org CCTV cameras show worth in crime solving EDITOR, The Tribune. Everyone seems to want to produce energy by the most e xpensive means, nuclear, difficult, salt water, tidal, mirrors, excessive space, ecologically destructive, and wind turbines k ill birds, etc, when we have had a simple, cheap solution star ing us in the face for years, it may be in use, but I have never heard of it. When my sister and I were young back in the 1930s we often used to play with a magnifying glass, either surrepti tiously on each other, or to burn wood, etc, either way it was very hot. I am not an electrician or engineer, but I am sure the concept could be used, with the right engineering, to produce a mple steam to run turbines. With large, sun directed magnifying glasses set over a boiler, o ur climate of 350 days of sun a year, 351 in a leap year, would supply enough steam to power each island at a fraction of the cost we do now, with no ecological damage. After all, steam was a driving force of the Industrial Revo lution. You may need a back up for any extended period of cloud, but as batteries improve the problem is not insur mountable. The water used would either recycle or be distilled. What more could you want, and we would be sticking to those nasty people who have been holding the world to ransom for years? I wont bother to patent the idea as I want the world to benefit! W GRATTAN Nassau, November, 2009. EDITOR, The Tribune. Further to my earlier letter of todays date, I am moved to write again in high praise and commendation of the newly launched book Islands of the Sun by John A Thompson and Nikita ShielRolle. This lovely tribute to the northern Exuma Cays is a complete delight: stunning photography, accompanied by extremely well-written and exceptionally informative nar rative. Congratulations to these two young people and well done to the many persons and institutions who supported, nurtured and mentored them during the course of their three-year odyssey. M JACKSON (Ms Nassau, November 16, 2009. An open letter to Phenton Neymour Islands of the Sun
BY AVA TURNQUEST T HE Bahamas Democratic Movement is demanding immediate Government action to secure the health of Grand B ahamians living near the V opak plant. Party chiefs claim emissions are poisoning people at Lewis Yard and Pinders Point, and t hey called for an immediate independent commission to investigate all allegations. The BDM spent three days i n Grand Bahama at the r equest of residents who claim they have been abandoned, and forgotten by successive PLP and FNM governments. A fter touring the settlements and seeing their proximity to such industrial equipment as oil tankers, the party charged that i t cannot tolerate double stand ards in environmental policy while the people of Lewis Yard and Pinders Point are sufferingi n third world conditions. Ignored Health spokesman Dr Dext er Johnson said: This problem has been ignored for decades and even today you (government what you ought to consider ity our pressing duty to do protect the health and well being ofo ur people first and foremost. Why is the Government i ntent on preserving the life of every single turtle by an absolute ban on turtle fishing, and not at least as equally con cerned with guaranteeing the life of Bahamians by ensuring that all of us have clean air to b reathe? Why have industrial pollut ants from this source been allowed to poison the air and g round water for decade after decade? D r Johnson maintained that the problem has now reached a critical point, referring to the closure of Lewis Yard Primary School as an indicator of governments failure to monitor the toxic emissions from thei ndustrial park. The people of Lewis Yard a nd Pinders Point are tired of t he delay and double talk of V opak authorities, and the shifting of blame by the Grand Bahama Port Authority. D r Johnson estimated that a c ivil suit against the corporat ion would be futile due to a slow judicial system and financ ial constraints of those affected. He charged that Governm ent will always have the ultimate power and the ability to effectively mandate a timely resolution. What worries me is, Dr J ohnson added, as we start to increase development in Abac o, these policies and standards need to be solidly enforced. We c an gather these experiences and be tough on legislation. Companies will factor theset hings into their budgets, its not unaffordable to comply with environmental standards. However, if we are lax and dependo n self-governance, why would they make the expense? C M Y K C M Y K LOCAL NEWS THE TRIBUNE FRIDAY, NOVEMBER 20, 2009, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Call for action to protect health of Grand Bahamians near Vopak plant BY AVA TURNQUEST THE Bahamas Democratic Movement has started collecting non perishable goods to send to the emaciated people of Grand Bahama. BDM Leader Cassius Stuart said that during recent trips to the island, his team encountered numerous individuals living without bare necessities, overwhelmed by mortgage and utility bills. The Department of Social Services is giving out $250,000 per month to assist residents on the island with mortgage and utilityp ayments, said Mr Stuart. What we found was that after these obligations are met, people are still struggling to secure basic needs like food. Mr Stuart said that this inspired the partys $100,000 food drive, which they plan to distribute to residents of Grand Bahama. In times like this talk is cheap, said Mr Stuart. People need action. Awareness The party has already collected and is planning a canvas of local supermarkets to raise awareness of their drive. Politics have to be practical. We need to come to the aid of these people, the children, as citizens not politicians. Lending a hand to our fellow Bahamians is the least we can do for the country. When one part hurts, all parts hurt, and Grand Bahama has been hurting. BDM drive to help emaciated GB residents B y Kathryn Campbell Bahamas Information Services A carpooling initiative implemented by Government is aimed at a lleviating traffic congestion in New Providence. A survey for the pilot project is presently being conducted with 500 parents of students who attend Aquinas College to determine how many of them carpool. If we can get 10,000 cars off the streets in the early morning and a fternoon hours we can reduce congestion by two or three per cent, said Marc Ingraham, Economist in the Transport, Policy and Planning Unit of the Ministry of Public Works and Transport. People in New Providence car pool, we just dont know how m any, said Mr Ingraham. As a measure to reduce congestion we m ust take all of the economic alternatives for transport seriously. The number of vehicles registered is approximately 12 per day so the number of vehicles on the streets is growing. A dvanced Logistics Group, a contracted transport research group from Spain that conducted an urban transportation congestion reduction study and strategic plan for The Bahamas recommended the pilot project in 2006. Car pooling was one of the initiatives recommended as an e conomic alternative, said Mr Ingraham. We decided that we would start with the schools because many of the parents whod rive their children to school live in the same neighbourhoods. The road improvement projects would facilitate 30 per cent of t he congestion problem, the other 70 per cent would have to come from economic measures for alternative transport use. To date one hundred questionnaires have been returned and one week remains before the deadline. Other schools included in the survey are Woodcock Primary and Our Ladys Catholic PrimaryS chool. Mr Ingraham said they have received valuable information from the questionnaires returned. Weve found that about6 0 per cent of the people surveyed average about five miles on a one way trip to the school. We do not know if it is because Aquinas h as moved. We also found that about 60 per cent of the people surveyed live within a 10-mile radius of the school. S urvey results from parents have also revealed that the main factors in selecting means of transportation are travel time, conve nience, flexibility, comfort and safety. Almost 60 per cent of those surveyed said that what prevents them from using a commute alternative is they prefer to drive their own vehicle. Survey part icipants said incentives to carpooling include flexibility of work schedule, financial subsidies, guaranteed ride home in case of an e mergency and assistance in locating a carpool partner. Carpooling advocate Elva Laing-Carey has been carpooling w ith two families for more than a year. It really works, she said. Friendships, more time for household chores, stress reliever, s aves time and money, networking opportunity for children and parents and reduces congestion on the roads. Carpooling pilot project initiative to reduce traffic congestion MARC INGRAHAM economist in the Ministry of Transport, Policy and Planning Unit of the Ministry of Public Works and Transport. T H E B A HAMAS D E MOCRATIC M O VEMENTPUTSPRESSUREON G O VERNMENT
C M Y K C M Y K LOCAL NEWS PAGE 6, FRIDAY, NOVEMBER 20, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By LINDSAY THOMPSON B ahamas Information S ervices THE Government is moving to enforce provisions under the Real Property Tax Act to collect outstanding taxes. F or a number of years only approximately 62 per cent of the billed amount has been collected each year, thus leaving 38 per cent outstanding,s aid Joseph Nathaniel Mullings, Chief RevenueC ompliance Officer at the Business Licence and Valuation Unit of the Ministry of Finance. On July 13, Government a mended the Real Property Tax Act to allow owner-occupied, commercial and other property owners relief from real property taxes. T he amendment states that o wner-occupied properties with a market value of up to $250,000 shall be exempt fromt he payment of real property tax. The surcharge on ownero ccupied properties that e xceed a value of $250,000 shall also be waived if the outstanding real property tax isp aid on or before December 31, 2009. Other properties shall have t he surcharge waived by 50 p er cent if the outstanding real property tax is paid before December 31, 2009. H owever, if after December 31, 2009 any real property tax remains outstanding inr espect of owner-occupied p roperties with a market value of up to $250,000; owneroccupied properties exceeding $250,000; and other properties, the owners of such properties shall be liable top ay a new surcharge of five per cent per annum on the outstanding tax. Mr Mullings confirmed that a s of October 28, there was a substantial number in uncollected real property taxes. T he main reason for not paying real property taxes is that most persons do not correlate the payment of property taxes with servicesr eceived, he said. T herefore property owners have to be educated to know that collections from real property taxes are used to fund education, libraries, police, hospital and other ser-v ices, Mr Mullings said. Persons who live in countries which have a taxation system, understands this correlation quite well, he said. The Bahamian public at l arge demand these services which cost hundreds of mill ions of dollars, but they are delinquent in paying their taxes. It is therefore prudent for property owners to pay their taxes on an annual basis. P ersons are encouraged to t ake advantage of the existi ng arrangements and settle t heir taxes before December 31, 2009. A ll property taxes out standing must be paid before the property is sold, he said.P roperty cannot be transferred if outstanding property taxes exist. Each year that owners do not pay taxes, they are losing ownership in their properties, he warned. W hen property taxes outstanding become excessive, the property can be sold to satisfy real property tax debt, he said. D uring the life of a mortg age, the lender owns the p roperty. After the borrower has made the last mortgage payment, title cannot bet ransferred to the borrower, if there are outstanding prop-e rty taxes. Individuals should be aware t hat they could enter into an arrangement with the Real Property Tax Office to pay t he outstanding tax by instal ments. The public should be reminded that credit cards area cceptable for the payment of r eal property tax. Govt in bid to collect outstanding taxes By KHYLE QUINCY PARKER Press Attach Embassy of the Bahamas THE Bahamas has signed a Tax Information Exchange Agreement (TIEA ing a negotiation process aimed at d eveloping a legal instrument that c ould be used to establish effective e xchange of tax information. The TIEA is an instrument developed by a Working Group of the Organization for Economic Cooperation and Development (OECD and represents the standard of effective exchange of information for the purposes of the OECDs initiative on harmful tax practices. New Zealand Ambassador to the US Roy Ferguson said his countrys government was delighted to sign the TIEA with The Bahamas. Mr F erguson offered congratulations on w hat he said his government saw as the forward-looking steps being t aken by The Bahamas with respect t o tax information exchange matters. H e also noted that New Zealand pledged continued cooperation withT he Bahamas on tax matters. Negotiations Bahamas Ambassador Cornelius A Smith thanked the New Zealand ambassador for the speed with which t he negotiations for the TIEA had been concluded. The signing of this agreement b etween the Commonwealth of The B ahamas and New Zealand for the e xchange of Information with respect to taxes bears witness to the Government of The Bahamas commit m ent to implement the evolving international standards of transparency and effective information exchange in tax matters, Ambassador Smith said. It is the fifth tax information exchange agreement concluded by the Government of The Bahamas andt he third it has concluded with an OECD country. As The Bahamas and New Z ealand adjust to the ever-changing global financial and economic landscape, he added, we look forward to a productive and cooperative relat ionship with New Zealand in this a nd other areas. The first TIEA signed by The B ahamas was with the United States in 2002, and since then the country has concluded TIEAs with the UK, M onaco, San Marino and now New Zealand. T here are 15 articles in the TIEA, covering areas such as definitions, w hich taxes are covered by the agreem ent, and the possibility of declining a request for tax information. U nder Article Seven of the TIEA, for example, the parties agree that t he Requested Party not be required to obtain or provide information that the Applicant Party would not be a ble to obtain under its own laws for purposes of the administration or e nforcement of its own tax laws. The competent authority of the Requested Party may decline to assistw here the request is not made in conformity with this Agreement, the a rticle says. Article Seven also imposes protections on trade, business, industrial,c ommercial or professional secret or trade processes, and allows the parties to decline a request for informa tion if the disclosure of the information would be contrary to national s ecurity or public policy. A rticle Nine of the agreement protects citizens in both countries from prejudicial or restrictive measures based on harmful tax practices. Measures Prejudicial or restrictive measures are defined in the TIEA as measures a pplied by one Contracting Party to r esidents, nationals or transactions o f either Contracting Party on the basis that the other Contracting Par-t y does not engage in effective e xchange of information and/or because it lacks transparency in the operation of its laws, regulations or administrative practices, or on the basis of no or nominal taxes and one of the preceding criteria. The OECD created the Agreement o n Exchange of Information on Tax M atters to address harmful tax prac tices. A 2008 OECD report titled, Harmful Tax Competition: An E merging Global Issue, identified the lack of effective exchange of information as one of the key criteria in determining harmful tax prac t ices. The Bahamas signs Tax Information Exchange Agreement with New Zealand BAHAMAS AMBASSADOR CA Smith (l exchange copies of the newly signed Tax Information Exchange Agreement (TIEA Wednesday. The signing marked the fifth such Agreement signed by The Bahamas. K Q u i n c y P a r k e r
C M Y K C M Y K LOCAL NEWS PAGE 8, FRIDAY, NOVEMBER 20, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM /HJDORWLFH127,&(/(67$7/$56 +2/',1*6/,0,7('ROXQWDU\/LTXLGDWLRQf1RWLFHLVKHUHE\JLYHQWKDWWKHDERYHQDPHG &RPSDQ\LVLQGLVVROXWLRQZKLFKFRPPHQFHGRQ WKHGD\RI1RYHPEHU7KH/LTXLGDWRU $UJRVD&RUS1DVVDX %DKDPDV /HJDORWLFH127,&($60$5$/$,1(6/7'ROXQWDU\/LTXLGDWLRQf1RWLFHLVKHUHE\JLYHQWKDWWKHDERYHQDPHG &RPSDQ\LVLQGLVVROXWLRQZKLFKFRPPHQFHGRQ WKHGD\RI1RYHPEHU7KH/LTXLGDWRU $UJRVD&RUS1DVVDX %DKDPDV /HJDORWLFH 127,&( ,QROXQWDU\/LTXLGDWLRQf 1RWLFHLVKHUHE\JLYHQWKDWWKHDERYHQDPHG &RPSDQ\LVLQGLVVROXWLRQZKLFKFRPPHQFHGRQ GD\RI1RYHPEHU 7KH/LTXLGDWRU $UJRVD&RUS1DVVDX %DKDPDV /HJDORWLFH 127,&( ROXQWDU\/LTXLGDWLRQf 1RWLFHLVKHUHE\JLYHQWKDWWKHDERYHQDPHG &RPSDQ\LVLQGLVVROXWLRQZKLFKFRPPHQFHGRQ GD\RI1RYHPEHU 7KH/LTXLGDWRU $UJRVD&RUS1DVVDX %DKDPDV /HJDORWLFH 127,&( ROXQWDU\/LTXLGDWLRQf 1 RWLFHLVKHUHE\JLYHQWKDWWKHDERYHQDPHG & RPSDQ\LVLQGLVVROXWLRQZKLFKFRPPHQFHGRQ W GD\RI1RYHPEHU 7KH/LTXLGDWRU L V $UJRVD&RUS1DVVDX %DKDPDV tember 22, 2009 made an application before the Learned Deputy Chief Magistrate Mrs Carolita Bethel for a detention order for the subject funds contained in (Ms Major's case of 2002. "The Learned Deputy Chief Magistrate Bethel granted an order dated September22 to detain for a period of three months the sum of $805,505 seized from Mrs Major." The notice said that due to a a nolle prosequi (no prosecution ney General issued on September, 23 the proceedings of the case in question were discontinued. "The Office of the Attorney General in making the application beforeMagistrate Bethel did not act improperly. It is the Attorney General's unfettered prerogative to enter a nolle prosequi in any matter," said the notice. Magistrate Virgill ordered that the mon ey be returned to Keva Major after the prosecution entered a nolle prosequi (no prosecution) which was dated September 23. T he prosecution, however, also present ed an order issued by Magistrate Carolita Bethel dated September 22. This was the date the matter was last heard before Magistrate Virgill, and stated that the $850,000 be held when the matter was withdrawn. Magistrate Virgill, however, questioned how her fellow magistrate knew that the matter was going to be withd rawn and said she would disregard the order as they both have equal jurisdiction. Last week, Mrs Major's attorney Michael Kemp said Magistrate Virgill was simply protecting the process of her court when she hit out at Magistrate Bethel for issuing the order to seize the funds. "You can't condemn her from that, every court has a duty to protect its process from abuse. The only people to blame are the Crown. The Crown put them in this position," Mr Kemp said in a previous interview. "I think the Crown has placed the judiciary in a very compromising position." Mrs Major was tried in 2002 before Mag istrate Linda Virgill on charges of possession of the proceeds of drug trafficking and assisting another to conceal proceeds of drug trafficking. The proceeds of crime case was still pending against Keva Major, 40, when she was extradited to face drug charges in the United States last April. She pleaded guilty to the charges against her in August 2008 and was placed on three years probation meaning she cannot leave the United States during that period. Evangelistic Temple on Collins Avenue on Monday. He is the 76th person to be murdered in the Bahamas this year. Mr Johnson was rushed to the Princess Margaret Hospital in a private vehicle, but d ied of his injuries within two hours. Charles was not required to enter a plea to the murder charge during his arraignment before Deputy Chief Magistrate Carolita Bethel in Court 8, Bank Lane. His attorney Crystal RutherfordFerguson told the court that she had been instructed by her client that he was suffering from injuries to his lower hip and left shoulder. She said that Charles also indicated that he had received medi cal treatment on the day of the murder but still suffered from pain and needed further medical attention. The magistrate ordered that he receive further medical attention. Charless attorney also indicated that while he had been in police custody, he was threatened by police officers. Magistrate Bethel said that his complaints would have to be directed to Complaints and Corruptions Unit of the police force. Charles was remanded to Her Majestys Prison. His case was adjourned to December 8 and transferred to Court 10, Nassau Street for a trial date. position of Crown land dating back to the early 1950s up until this present date. With Fox Hill MP Fred Mitchell leading the delegation of MPs, which includes PLP deputy leaderP hilip Brave Davis, FNM MPs Branville McCartney and Kenyatta Gibson amongst others, public hearings have been held periodically at the Paul Farquharson Conference Room at Police Headquarters. A mongst many of the revelations that this committee has made d uring its work this far is the fact that Mr Turnquest was forced to r esign from his post by Prime Mini ster Hubert Ingraham after he failed to give a satisfactory answer for why numerous beach front lots were awarded to members of his family and fast-tracked through the backlogged system. M r Turnquest also could not reasonably explain to the Prime Minister, who is the minister with responsibility for lands, why the applicants in question all used the same lawyer and realtor for the t ransactions. to continue into December, police yesterday intend to increase patrols to deter criminals. "We have Christmas coming up and I know the police force will be beefing up our patrols inan effort to cause a decrease in the armed robberies. We are going to be very vigilant," said police spokeswoman Sergeant Chrislyn Skippings. This week, Chamber of Commerce President Khaalis Rolle told Tribune Business that crime is a serious concern for businesses in the Bahamas. It is something that has to be addressed and the solution isnt an easy one, he said. He added that he is not convinced that the typical alarm system provides the adequate security that most businesses need, but said they are not to be discounted as an immediate deterrent. According to him, the criminal mind is often just as sharp as the mind that dreamt up the security system, which is its major flaw. The latest incident happened around 9.16pm Wednesday at Select Wash House on Providence Avenue and Farrington Road. Police were called to the scene and were told that two men, of brown complexion, entered the wash house and held it up. They escaped with an undetermined amount of cash and tokens. About an hour earlier, around 8.20pm, two men armed with handguns entered Munnings Supplies on Farrington Road. Both wearing dark clothing, they demanded cash and terrorised the store when they were refused. "Their request was denied, and as a result, the men caused damage to items before leaving the store. On leaving, a malewho was entering the establishment was also robbed by these persons," said Sgt Skippings. The suspects fled in a gold coloured Honda car. A few hours earlier, around 6.55pm, a man brandishing a handgun burst into Muck-aMucks clothing store on East Street. The suspect who wore a white shirt and blue jeans demanded cash and was given an undetermined amount from the cash register. The man then ran off. Around 2.10pm police received information of an armed robbery at Johnsons Convenience Store on Malcolm Road. A store employee told officers they were attacked by two men, one of them posing as a customer. Clad in a pair of denim shorts, an orange and yellow shirt, with plaits at the back of his head, the customer entered the store and purchased an item. As he was about to leave, a man, also wearing denim shorts, a grey shirt and a stocking mask over his face entered the store armed with a handgun and demanded cash. The armed man fled the store with his accomplice along with an undetermined amount of cash from the register and a pack of cigars. They fled in a grey coloured Honda car, license plate 87071. The first incident involved a male student of BTVI who told police he was robbed by three men around 7.50am Wednesday. The student claimed that as he walked in the area of Old Trail and Soldier Road near the school three men riding bicycles approached him. Armed with a knife, the thieves demanded cash but only escaped with the victim's jewellery. Police said two youths, aged 17 and 18, are being questioned. Sgt Skippings said: "If you have noticed a vehicle circling the area twice or is hanging around, notify police so they can check it out. Also try not to keep plenty of cash on you and do not make frequent deposits during the day." up to press time, some reports were that two men who were drinking buddies of Mr McHardy were assisting police with their investigations and may have been brought back to New Providence for further questioning, although police could not confirm this. Mr Gibson said that police travelled to the island a fter receiving information that led them to believe that the case might have more to it than they first suspected. One Deadmans Cay local said: When (McHardy people were trying to track him down. They werew ondering, was he in Nassau? Did he hop on a mail b oat? As time passed, people started to think that maybe something mightve happened. FROM page one Armed robbery Man charged FROM page one PHANUEL CHARLES F ROM page one Lands and Surveys Mans suspicious disappearance FROM page one FROM page one AGs Office
C M Y K C M Y K LOCAL NEWS T HE TRIBUNE FRIDAY, NOVEMBER 20, 2009, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ing sound and rushed to the Intensive Care Unit (ICU where he breathed with the aid of a ventilator for his first week of life and then remained in hospital care for a further two weeks before he could return home. Kenneil Wright is now 14 months old and unable to roll over, sit up, or hold his head up as a healthy child of his age should. He also suffers from seizures, for which he takes medication, and is unable to focus his eyes or see properly. Miss Wright puts his slow development down to his traumatic birth. She said: It hurts my heart to know I go there for help and then I get this treatment. Im so vex, Im so cut up, Im so hurt because when I went there to have my baby it was as if I had a dog puppy because they mind nothing about it. Miss Wright had gone to the hospital 4.5cm dilated just before 10am on October 12 last year, and waited until 9 oclock that evening to be taken to a hospital bed. She described how she cried out for help until the nurse woke up and told her to push, and the doctor arrivedat 4.45am. I was crying out for mercy because there was no way the baby was coming, it would not move, she said. When the doctor came she said Come on Elaine, push Im tired and hungry! Then the baby came out so fast, it happened in a second, and they rushed the baby out soI knew there was something wrong. Miss Wright was in so much pain after the birth she was unable to walk, and her blood pressure was sky-high, but hospital staff discharged her that day without providing her with a wheelchair, she said. The new mother walked slowly to the car supported by her friend and her sister to be taken home without a healthy child. After spending two weeks in the Infant Critical Care Unit and a further five days in the Infant Intensive Care Unit, Kenneil was taken home three weeks later. He did not cry, nor did he take her breast to feed. He has a scar on his head, which is lopsided, with one side large while the other is flat, and he is now unable to hold his head up, sit, roll over or crawl as he should. Miss Wright claims doctors in the Infant Critical Care Unit told her that her son would not live because of what he had endured during the birth, including oxygen deprivation. She believes the delivery was a botched job conducted by a physician who, she said, gave her the impression that she did not care about the best interests of the mother or child. In the months since Kenneils birth Miss Wright has been fighting to retrieve her medical records without success. A let ter of request sent in December last year was replied to in July, and Miss Wright was told she should have the records by August or September, but has received nothing. It took 10 months to be told the name of the doctor who delivered her child, Miss Wright said. She has also visited her doctor in Jamaica who said she should have had a Caesarian section right away, given her high blood pressure, her age and her history. And if the vacuum had to be used it should have been done slowly and gently to avoid harming the baby, Miss Wright said. She said: The doctor didnt ask me if she could use it and ifI knew anything about that vacuum she could never have used it on me. The vacuum caused all of this. It hurts me every day I look at my child because while I was pregnant I did everything right. I went for my check-ups, and then when I went to get help they did this to me, and its not fair. I dont have the money to go to a lawyer because Im doing domestic work, and after 14 months I cant get a report from the doctor about what happened. Thats not right. They fold their hands and they drag their feet. They say they dont have the file, and they cover up, and cover up. Miss Wright sent a letter to Dr Minnis detailing her plight in December 2008. She asked him to investigate the matter so that no more women would suffer as she claims she and her son have. Yesterday Dr Minnis said he recalled received Miss Wrights letter but did not get personally involved, forwarding the mat ter to the hospital. He said he did not keep up with the out come of the matter, but added that all complaints are investigated. effective November 1st, for unauthorized use o f money from the unions pension fund. The enacted suspension against the office of the President is null and void as it breached the disciplinary procedure and asserted an incorrect breach on behalf of the concerned officer, the committees ruling stated. The committee found that, The funds were n ever missing and were transferred from one a ccount to the next and all executive members were informed, but only one responded. Mrs Wilson was ordered to pay $1 to the unions strike funds for operating union funds in excess of the amount allowed. Mrs Wilson told The Tribune: This is a g reat day for the Bahamas Union of Teachers b ecause it shows how our internal mechanism w orks. The facts have been made clear. The appeals committee has made the decision null and void and I just want to thank the hundreds and thousands of teachers, retirees and the public who, during these couple of weeks,h ave been giving me support. I just want to w ork even harder now for the protection and welfare of our members. Mums fight over vacuumed baby FROM page one BUT presidents suspension is declared null and void FROM page one
By RENALDO DORSETT S ports Reporter email@example.com D EFENDINGchampions in both girls divisions continue to dominate early in the season on the long roadt o a successful Government Secondary Schools Sports Association title defense. H.O NASH LIONS 35 C .H REEVES RAPTORS 2 With just one returning p layer from last season and a completely new cast of the c haracters, the perennial c hampions of the junior girls division still managed to p roduce a result in typical f ashion. Kaylicia Laing, the lone e xperienced player on the L ions squad moved to the forefront to lead her team. L aing scored the first six p oints of the game and nine of her teams first 11 points. E ffortlessly coming up w ith steals and weaving t hrough the Raptors defense L aing began distributing the ball to her teammates. Kevanique Simmons used her size inside to finish att he basket at the tail end of a series of assists from Laing. T he two players combined to score each of the teams p oints as they raced out to a 19-0 lead with 8:34 left to p lay in the half. A third player in on the team didnt score until N igea Rolle scored a fast break lay-up for a 21-0 lead. Rolle made one of two f ree throws at the line with n o time remaining to make the score 26-0 at the half. Cyntese Cooper finally p ut the Raptors on the scoreboard early in the beginning of the second half with a running lay-up to make the score, 27-2. T he lead reached 30 for the first time on a lay-up by S immons which gave her team a 33-2 advantage with 10:23 left to play. T he Lions closed out the s econd half on an 8-0 run. Laing led all scorers with 1 3 points, while Simmons a dded 12 and Rolle finished w ith 10. C .R WALKER KNIGHTS 65 C.V BETHEL STINGRAYS 12 The Knights have yet to b e challenged as they domin ated their way to a second untested win of the season. S eniors Pamela Bethel and Keedra Hanna once a gain established themselves early and set the tone for the Knights both in the painta nd from the perimeter. Bethel finished with a game high 24 points while Hanna finished with 12. A late lay-up by Theodora Bain gave the Knights a 28-6 heading into the half. I n the second half, the Knights full court trap forced a series of turnovers, l eading to easy baskets on t he offensive end. Toniquea Martins three pointer from the right wingg ave the Knights a 37-6 lead, giving them their first 30 point lead of the game. After a basket by Tawanna Prosper on the next trip u p court for the Stingrays, the Knights went on a game c hanging 21-0 run. Bethel scored eight consecutive points to spark the r un and capped the scoring s lurry flurry with a lay-up to give the Knights a 50 p oint advantage, 58-8. W ith time left on the c lock she ended a standout p erformance with two scores from the charity stripe to finalize the lops ided win. Bain chipped in with nine f or the Knights, while L easha Grant, Martin and her twin sister Tameka Mart in each finished with four p oints apiece. Prosper led the Stingrays with six points. T he Knights improved to 2-0 while the Stingrays fell to 0-2. By DENISE MAYCOCK Tribune Freeport Reporter firstname.lastname@example.org FREEPORT Minister of Youth, Sports and Culture Desmond Bannister said Coach Gladstone Moon McPhees contract had expired and could not be renewed as he had already exhausted his contractual period. Mr Bannister stated that Coach McPhee was not fired. He indicated that further renewal of his contract would violate government policy. Under the current policy one is only allowed to serve at a maximum of nine years on contractual terms. Coach McPhee served as Regional Sports Coordina tor for Grand Bahama and the Northern Bahamas since 1996. He was requested to demit office on November 2. Former educator Joseph Darville expressed strong disappointment over the decision taken by the Ministry of Sports concerning Coach McPhee. This is a bitter, much too bitter pill for this nation, and especially the Grand Bahama community to swallow, he said. Mr Darville said there is no individual in the country with greater passion and sense of dedication to sportsin the country, and specifically in Grand Bahama than Coach McPhee. He said it is a shame that persons would concoct such a despicable course of action. When Gladstone (Moon McPhee intimated to me a few days ago that he wasb eing unceremoniously dis missedI told him that in no way, shape or form wouldI believe such an atrocity until I saw it in writing. It is, therefore, almost impossible for me now, hav i ng heard the dictum, to pen t he words necessary to express my total surprise, disgust and disappointment at such a reprehensible and evil act, said Mr Darville. I, therefore, beg our Prime Minister to rescind this unfortunate and grim decision and thus restore the respect and honour due this sports icon, noble citizen and compassionate human being, said Mr Darville. The Tribune contacted Minister Bannister about the situation concerning Coach McPhee. In a faxed press statement to The Tribune Office, the minister noted that Coach McPhee was first appointed on contract under the FNM administration for a period of three years with effect from October 1, 1996. A second three-year contract was granted under the FNM administration on October 1, 1999. McPhees contract was once again renewed for a period of three years with effect from October 1, 2002. That third contract expired on September 30, 2005. Mr Bannister noted that before the expiry of Coach McPhees third contact, and several months before he had completed nine years of service, the condition of service for contractual officers in the public service were amended on January 20, 2005. He said the Department of Public Service advised all ministries in writing that the new policy was that contracted officers would be entitled to receive a maximum number of nine years on continual contractual service. I am advised that this policy determination came about because under the former administration a gov ernment ministry wrongly issued a fourth contract to contractual officer, and that there was a great concern that this erroneous action would cause confusion in the application of government policy so that other contractual officers would have had the opportunity to claim some entitlement to a fourth contract, Mr Bannister said. Mr Bannister said the then M inister of Youth, Sports, a nd Culture, under the for mer PLP administration attempted to have Coach McPhees contract renewed, even though he had already served nine continuous years under contract. This was in clear viola tion of government policy, he said.. He stated that on November 22, 2005, the Department of Public Service wrote to the Permanent Secretary of the Ministry of Youth, Sports and Culture, advising that it was against the current policy as McPhee had exhausted his contractual period. Minister Bannister said Cabinet considered the matter in April 2006, after Coach McPhee had worked without a contract for close to seven months. Cabinet approved the appointment on April 19, 2006, but specified no salary. Under the former administration, the then Minister of Youth, Sports, and Culture, again applied to Cabinet on April 24, 2007 for a renewal of Coach McPhees contract, even though his ministry had already been advised in writing by the Department of the Public Service that a fourth contract could not be issued. Minister Bannister said just days before the general elections, Cabinet approveda fourth contract for Coach McPhee for a further period of three years. The contract, he said was made retroactive with effect from October 1, 2006 to September 30, 2009. Mr Bannister said as of September 30, 2009, it would mean that Coach McPhee would have served a total of 13y ears in the public service, 12 of them under four contracts. Regrettably, there is no basis upon which he can be appointed under contract unless Cabinet again seeks to defy the very same policyd irectives which it has put in p lace for the public service. Coach McPhee was not fired. He has been issued with four contracts contrary to established government policy, and his fourth contract has now expired. Government has no lawful avenue for the issuance of a fifth contract, he said. C M Y K C M Y K SPORTS PAGE 10, FRIDAY, NOVEMBER 20, 2009 TRIBUNE SPORTS TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM an impressive 76-14-3 winloss-draw record with 25 knockouts in a career that started at the age of 21 in 1954 and ended at 34 in 1967. His daughter Penny Butler, who came from Bimini to accept his plaque, said it was a wonderful gesture by the commission and her only regret was that he wasn't alive to receive it himself. "He fought before my time, but I've seen a lot of pictures from his fight," she said. "I think he has done a lot for the Bahamas, putting the Bahamas on the map. So I'm really proud that he is being recognised for his achievement." Brennan, another Biminite who also fought the majority of his fights in the United States, posted a 82-21-7 record with just one knock out in his career from 1958 to 1972. His grandson Andre Brennan, who came from Miami with his mother Brennan's daughter, Annette Baham said their family have a rich legacy. "I feel it's a good thing and I'm glad that they put this together to recognise all of his accomplishments," said Brennan, who noted that his grandfather was unable to attend, but sent his regards to the organisers. A football player in his sophomore year at Miami Dade, the younger Brennan said the older Brennen has brought a lot of pride to their family and the Bahamas and they are elated that he's getting some national recogni tion for it. The last, but not the least, to be inducted was Elisha Obed, who was the first Bahamian to win a world title when he beat Miguel de Oliveira in Paris, France for the WBC light middleweight title on November 13, 1975 before he relinquished it to Echard Dagge in Berlin, Germany on June 18, 1976. Obed, who posted a 88-204 record with 20 knockouts from 1973-1988, was represented by his sister, Nomi McKenzie, who had mixed reactions as she indicated that her brother was not feeling well at all. "We're proud and grateful and the family do appreciate it this and we would like to say thank you," said McKenzie, who tried to hold back the tears of emotions. Among those in attendance was Al Hamilton, the founder of the CASI Awards; Bahamas Olympic Association president Wellington Miller and Bahamas Basketball Federation's president Lawrence Hepburn. Bahamian boxers inducted into the Hall of Fame FROM page 11 PICTURED from left are commissioner Paul Moxey, secretary Fred Sturrup, commissioner Dr. Munir Rashad, commission chairman Pat' the Centreville Assasin' Strachan, Gomeo Brennan's grandson Andre Brennan, his mother and Brennan's daughter Annette Baham and commissioner James 'Kid Freeport' Tynes. Bannister: McPhee has exhausted his contractual period Bannister Knights, Lions dominate early in the season INSIGHT For the stories behind the news, read Insight on Mondays
C M Y K C M Y K FRIDAY, NOVEMBER 20, 2009 THETRIBUNE PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 2009 Nassau:GrandTasting&CognacLounge Friday November 20th, 7pm Sheraton BallroomFreeport:GrandTasting&TattingerChampagneLounge Friday November 27th, 7pm Our Lucaya Grand Ballroom GrandTasting (Nassau & Freeport): $25 ($30 at the door CognacLounge (Nassau Only $50 ($60 at the door TattingerLounge (Freeport Only): $45 ($60 at the doorTickets are available at the following Butler & Sands locations: NASSAU: Butler & Sands JFK Bahamas Wines Shirley Street & Caves Village. FREEPORT: Butler & Sands in RND Plaza SOFTBALL WEECH RETURNED AS M ASTERS PRESIDENT THE Masters Softball League held its annual general meeting and election of officers on November 10. At that time, Anthony Boots Weech was returned as president. All of his executive team were also re-elected. However, there was one addition with Ken OBrien coming on as the bew assistant secretary. The league, now into its seventh season, will commence play on Saturday, november 28 at the Archdeacon William Thompson softball Park at the Southern Recreation Grounds. BASKETBALL NPBA OPENING THE New Providence Basketball Association will have a soft opening tonight at the CI gibson Gymnasium starting at 7 p.m. with a double header on tap. A total of 14 teams have registered to compete this year,b ringing the total up from 10 last year. The new teams are the Real Deal Shockers, the College of the Bahamas Caribs, the B-Reddie Reddies, the Stars and the Royal Bahamas Defense Force Mariners. They will join retunring teams: Electro Telecom Cybots, Commonwealth Giants, Y-Care Wreckers, Sunshine Auto Ruff-R iders, Coke Explorers, the Jumpers, Ultimate Stars, Police Crime-Stoppers and the Outdoor Lighting Falcons. The official opening will be held on Saturday, December 5 at the Kendal Isaacs Gymnasium. The season will be dedicated to the memory of the life and legacy of the late Vincent L. Ferguson, the architect of modern basketball in the Bahamas. We will presenting a plaque to h is family to accentuate his work and contributions to basketball and a floating trophy will be unveiled which will be awarded to the champions of the NPBA at the culmination of the seasons, league president Kweith Belzee Smith revealed. Smith also released the following stats from the past sea son: P ennant winners Giants and Cybots. Champions Electro Telecom Cybots. Runners-up Commonwealth Bank Giants. MVP-Season Michael Ferley Bain Giants. MVP-Championship Brian 'Tucker' Bain Cybots. Coach-of-the Year Courtney Stubbs Jumpers. Sponsor-of-the-Year Deanz er 'Sonny Cox. Sportsman Breston 'Horsey' Rolle Wreckers. Long Service Awards: Leo Carey Y-Care Fashion Centre. Nat Adams Caribbean Bottling Co. ( Bahamas Royal Bahamas Police Force. Commonwealth Bank. CHESS NATIONAL CHAMPIONSHIPS The Bahamas Chess Nationals is taking place from 3rd to 21st November. The Nationals is a ten player round robin tournament with a time control of 40 moves in 75 minutes then 15 minutes to make all remaining moves (40/75 then G15 The first eight rounds took place at the CC Sweeting Sr. High, Oakes Field and the final round will take place at the Audi torium of CW Sawyer Primary School. At the start of Round 7 four (4 players were sharing the lead. Among those leaders only defending champion Ken Gibson and Yan Lyansky won last evening. Round 7 results: Ken Gibson won over Leroy McLean; Yan Lyansky defeated Joseph Ferguson; Byron Small and Kean Smith played to a strong draw; Elton Josepoh won against Chappel Whyms and Wilshire Major beat Umar Newry. The current standings are now as follows: 1. Ken Gibson and Yan Lyansky 6 points each. 3. Kean Smith 5. 4. Chappel Whyms 5. 5. Joseph Ferguson 4. 6. Elton Joseph 3. 7. Umar Newry 2. 8. Byron Small 1. 9. Leroy McLean and Wilshire Major 1 each. sports NOTES By BRENT STUBBS S enior Sports Reporter b email@example.com BAHAMAS Boxing Commission chairman Pat 'the Centreville Assassin' Strachan said they couldn't find three more talented Bahamians to induct in the first class of the Hall of Fame. Although none of them were present, the Commis sion inducted the late William 'Yama Bahama' Butler, the ailing Oswald 'Elisha Obed' Ferguson and Gomeo Brennan on Wednesday night at the SuperClubs Breezes. Strachan said all three boxers have left an indelible mark on the sport and this is just the beginning of the recognition that they hope to heap on each of them. "In my opinion, Elisha Obed deserves a statue. We will work tirelessly towards making that become a reality," Strachan said. "Plans are afoot for a gym to be built in Bimini to honour the great Yama Bahama. Additionally plans are in place for Gomeo Brennan to receive further recognition." "This is the first time in the history of our commission that we've had a shot at a British Commonwealth title or a world title," said Strachan mentioning boxers sucha s Sherman 'the Tank' Williams and Meacher 'Pain' Major. Strachan, a former cruiserweight champion of the Bahamas, said the Commission is in the process of honouring a long list of Bahamian boxers who have made their mark in the sport. They included Baby Boy Rolle, Ernie Barr, Ray minus Sr, Ray Minus Jr., Stevie 'the Heat' Larrimore, the late Renny Pinder, the late Bert Perry, Sammy 'Kid' Barr, Al Moss and Arthur Clarke. "I believe it is imperative that we recognise those boxers for the part that they did in the sport of boxing," Strachan stressed. Strachan thanked former Minister of Sports, Byron Woodside for giving them an lending ear and current Minister of Sports Desmond Bannister for the grant he has promised to give to the commission in January. The commission's induction was held as a part of the CASI Awards week that will climax with a banquet tonight when the most outstanding athletes in the Caribbean will be honored. One by one, Dr. Rashad read a profile of all three inductees before Strachan presented their representa tives with a plaque. The first inductee was middleweight Yama Bahama Butler, a native from Bimini, who fought the majority of his fights in the United States. Butler, who passed away on June 29 in Miami, Florida as a result of cancer, had amassed Three legendary Bahamian boxers inducted into the Hall of Fame PICTURED from left are boxing commissioner Paul Moxey, secretary Fred Sturrup, commissioner Dr. Munir Rashad, commission chairman Pt 'the Centreville Assassin' Strachan, Elisha Obed's sister Naomi McKenzie and commissioners James 'Kid Freeport' Tynes and Fernley Palmer. PICTURED from left are commissioner Paul Moxey, secretary Fred Sturrup, commissioners Dr. Munir Rashad and Fernley Palmer, Yama Bahama's daughter Penny Butler, commission chairman Pat 'the Centreville Assasin' Strachan and commissioner James 'Kid Freeport Tynes. CRAIG Salty Kemp, president of the Bahamas Baseball Federation and his executives extended congratula tions to Brandon Murray as he prepares to take another giant step in his life. Murray, a former member of the BBF, signed the nation al letter of intent to attend the College of Charleston in the fall of 2010. Murray is one of the Bahamas future bright stars in the sport of baseball and Kemp said the BBF is extremely proud of him and his accomplishments. Congratulations to his proud parents Bertram and Michelle Murray as their son is excelling on and off the baseball diamond, said Kemp, through a press release issued by the federation. Murray has been a straight A student and is in the Honors programme at Trinity Christian Academy and for the last three seasons, the Palm Beach Post has recognised Murray as a first team All-Country member. Dan Roszel, head coach of the Charleston Cougars not ed: I am very excited Brandon will be joining the Cougars this fall. Murray recently represented the Bahamas in July at the Little League 16-18 Latin American Qualifying Tournament in Maracaibo, Venezuela. He played local baseball for Junior Baseball Lague of Nassau. This is another proud moment for the league executives as they witness one more of their young stars con tinue on this very promising journey. We pray for God's contin ued blessings in young Brandon Murray's future, the federation stated in its release. Murray set to head to Charleston PICTURED seated from left are Miguel Cuello, Trinity Christian Academys head baseball coach; Brandon Murray and Cindy Ansell, Trinity Christian Academys Principal. Standing is Fred Erdman, Trinity Christian Academys Athletic Director. SEE page 10 I NSIDE Local sports news
C M Y K C M Y K LOCAL NEWS PAGE 12, FRIDAY, NOVEMBER 20, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By REUBEN SHEARER Tribune Features Reporter firstname.lastname@example.org REGGAE lovers are looking forward to the weekends most talked about event, A Night of Love in the Crystal Palace ballroom at the Wyndham Nassau Resort on Saturday evening. At 9pm, host comedian Damon Williams will bring on Grammy-nominated artists Beres Hammond who is the featured artist peforming for a last time, before taking a short break from the music scene. The highly-anticipated show will showcase a star-studded line-up of special guest artists, including Buju Banton, Taurrus Riley, Morgan Heritage, Sammi Star and Jaheim. More than 1,600 people are expected to fly in from the Turks and Caicos Islands, the family islands, and New York, for the concert which will top off 25 years of Above the Rim productions company. A production company spokesman said the audience can expect a great show. Beres is not going to do A Night of Love next year, he said. Next year weve decided to bring in some R&B groups. We wouldve done him two months back to back, but he needs a break. Rumour had it that Hammond, 54, would be taking a break before preparing to record his last album. By Friday, we expect tickets to be sold out, he said. Treat for reggae fans at Wyndham Nassau Resort DURING a spectacular evening of classical music, Nautilus Water presented the Cancer Society of the Bahamas with a cheque for $4,335 raised through its In The Pink Breast Cancer Awareness Campaign in October. Nautilus Water sponsored t he concert, A Pristine Affair, along with the Cancer Society in an effort to raise funds for the organisation and cancer victims. The funds presented to the society during the event were raised during the month of October through sales of spe cial pink bottles of water produced by Nautilus Water. Five cents for every bottle sold was donated to assist cancer victims and also to improve the patient facilities at The Cancer Society build ing. This was our second year with the campaign, and we were able to raise $4,335.60 for 2009. It is our customers who made this such a success businesses, retailers, home delivery recipients anyone, really, who purchased at least one of our pink bottles. We are greatly apprecia tive of the patronage and sup port we have received from the community, and look forward to their continued support as we lend a hand in crea ting a healthier Bahamas, one step at a time, said a Nautilus Water spokesperson. Performing at Thursdays concert were baritone vocalist Dr Cleveland Williams, soprano, Nikita Wells-Thompson and pianist Audrey DeanWright. With a blend of operatic performances, among which highlighted excerpts from George Gershwins Porgy & Bess, the evening was truly spectacular, Nautilus Water said. Marking the beginning of the partnership between The Cancer Society and the water manufacturing company, the event was of significant importance to both organisa tions, the company added. Nautilus W ater pr esents cheque to Cancer Society MISS Bahamas World Joanna Brown's quest for the Miss World title continues as she and her fellow contestants visit Abu Dhabi in the United Arab Emirates. More than 100 Miss World contestants have descended on Abu Dhabi for a stopover on their way to the final competition in South Africa. The contestants are there for the official opening of the prestigious five-star Yas Hotel. They were the special guests at a gala dinner at the hotel with more than 300 people upon their arrival, and participated in a fashion event. The 110 beauty queens, who will battle for the Miss World crown in Johannesburg next month, strutted down a catwalk on the grounds of the newly constructed Yas Hotel, showcasing gowns by South African designers. The fashion show featured the work of seven designers, including JJ Schoeman, Haroun Hansrot and Diamond Face Couture. Earlier in the day the competitors were givena sightseeing tour of Abu Dhabi, including a visit to Sheikh Zayed Mosque. Joanna continues to make her presence felt she is one of the most stylish contestants at the pageant. Joanna Browns Miss World quest continues M I SS B A HAMAS W O RLDANDFELLOWCONTESTANTSVISIT A B U D H ABIIN U N ITED A R AB E M IRATES JOANNA pictured with Miss Barbados, was a knockout at the Miss World Travel awards banquet. RIGHT CARIBBEAN QUEENS attend a dinner banquet in Abu Dhabi.From L-R: Miss Jamaica Kerrie Baylis, Miss Barbados Leah Marville, and Miss Bahamas Joanna Brown. ABOVE MISS WORLD contestants with the South African designers of their Abu Dhabi fashion show gowns.
By NEIL HARTNELL Tribune Business Editor THE Bahamas would have ranked 11 out of 12 major international financial centres had it been included in a survey designed to measure the attractiveness of these nations to mobile high net worth individuals. Stephen Wall, director of the Scorpio Partnership, an international wealth management consultancy, presented to the Nassau Conference a survey that analysed the fac tors influencing high net worth individuals when it came to deciding which juris diction to base themselves in. The Mobile Wealth Residency Index (MWRI Wall said, focused on 11 jurisdictions, but had the Bahamas been included it would have placed 11th out of 12, ranking only ahead of Guernsey. The others rated were among this nations chief competitors: Cayman, Singapore, Switzerland, Dubai, Hong Kong, Isle of Man, Jersey, London, New York, and Monaco. Mr Wall said Switzerlands all-round appeal had placed it at number one, even though it was ranked only fifth for tax appeal, since its multifaceted qualities were attracting a wide range of mobile wealthy. Switzerland, he said, ranked at the top for economic and political stability, legal considerations, prox imity and convenience, education for children and culture/infrastructure. In contrast, the Bahamas was ranked bottom out of 12 by the MWRI Index when it came to economic and politi cal stability, and employment/business opportunities. It was also placed 11th for legal considerations and 10th for sophistication/culture/infra structure. However, Mr Wall said the Bahamas enjoyed strong positioning in areas such as tax and immigration, where it was third; availability of quality housing, where it was second; security, where it was third; and education for chil dren, where it was fifth. South Ocean foreclosure bid defeated B y NEIL HARTNELL Tribune Business Editor THE six-month receivership for the disputed $867 mil lion South Ocean redevelop m ent was discharged by the Supreme Court earlier this week, Tribune Business can exclusively reveal, after a judge dismissed an attempt by one of the propertys investors to place it in foreclosure. Justice Stephen Isaacs dismissed the foreclosure action brought by Propco, an invest ment vehicle owned by the Canadian Commercial Work e rs Industry Pension Plan ( CCWIPP), on the grounds t hat the resorts immediate h olding company, New South Ocean Development Company, did not have Central Bank of the Bahamas approval asa foreign-owned entity to r epay its loan debt to Propco. Multiple sources with knowledge of the matter confirmed events in the Supreme Court earlier this week, after CCWIPP through Propco attempted to foreclose on the $85 million first mortgage/debenture it holds on the 375-acre South Ocean property. CCWIPPs foreclosure a ttempt, though, was opposed by the New South Ocean Development Companys f inancing partner, Connecticut-based hedge fund Plain field Asset Management and its Seaside Heights investment vehicle, which holds the second mortgage/debenture over the southwest New Provi dence resorts real estate. That is understood to be for a sum in the high $50 millions range. And it was Plainfields a ttorney, Brian Moree QC, senior partner at McKinney, Supreme Court rules against $85m mortgage holder s a pplication because resort did not have Central Bank exchange control permission to repay loan Judgment discharges six-month receivership, sources say Southwest New Providence resorts future remains on h old and uncertain, as control now back in hands of warring parties not wanting to invest more funds S S E E E E p p a a g g e e 4 4 B B By NEIL HARTNELL Tribune Business Editor THE attorney representing opponents of the $500 million Guana Cay mixed-use resort development yesterday said it was regrettable that the Privy Council did not determine in its ruling whether developers and the Government could sue each other under a Heads of Agreement, describing the case as a lost opportunity to bring clarity to the murky development process in the Bahamas. Fred Smith QC, the Callenders & Co attorney and partner, said the four-year legal battle waged by his clients, the Save Guana Cay Association, against the Bakers Bay Golf & Ocean Club project had highlighted and focused the need for the Government to legislate this nations development approvals processes, bringing clarity to both this and the rights of affected residents. Responding to the Privy Councils ruling, which prevented his clients f rom blocking Discovery Land Comp anys development on the grounds t hat the projects Heads of Agreement was ultra vires or improper, Mr Smith said: Regrettably, the case does not analyse what a Heads of Agreement is, and whether a Heads of Agreement is binding and lawful a public expression [of intent] more than a binding document. Regrettably, the Privy Council has not clarified the issue of whether a developer could sue the Government to enforce a Heads of Agreem ent or vice versa. M r Smith questioned whether, for i nstance, if a Heads of Agreement contained provisions for a developer to clear up any environmental damage if they failed to meet their obligations and abandoned the project, the Government would be able to sue them to enforce these provisions or not. The newly-named QC added: Unfortunately, at the Supreme Court, the Court of Appeal and the Privy Council, there was a lost opportunity for bringing clarity to t he development process in the B ahamas, as murky as it is, without l egislation that explains a step-bystep approach. C M Y K C M Y K SECTIONB email@example.com FRIDAY, NOVEMBER 20, 2009 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$4.29 $4.29 $4.29The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report. $4.17 $4.32 $4.25 SALES OFFICES: NASSAU I FREEPORT I ABACO I ELEUTHERA I EXUMA I CORPORATE CENTRE: EAST BAY STREET I www.famguardbahamas.comcall us today at 396-1355 your search ends here. Life Insurance Health Insurance Employee Benets Annuities Mortgages Investments A SUBSIDIARY OF A MBESTA-ExcellentFinancialStrengthRating Lost opportunity to clarify murky approval process Attorney says regrettable Privy Council ruling failed to address whether Heads of Agreement parties could sue each other, and bring certainty to Bahamas development process S S E E E E p p a a g g e e 4 4 B B FRED SMITH By NEIL HARTNELL Tribune Business Editor BAHAMAS First, the B ahamian general insurer, is poised to expand into the Caribbean through the acquisition of Sagicor General Insurance Company (Cayman), Tribune Business can reveal, in a deal likely to bec onfirmed imminently. I nsurance industry sources confirmed to this newspaper yesterday that a Letter of Intent for Bahamas Firsts purchase of the Caymanian company had been signed, and that the deal could bea nnounced as early as today. That was unconfirmed yesterday, though. When con tacted by Tribune Business in Miami, Ian Fair, Bahamas Firsts chairman, replied: Its premature for us to make any comment. It was also unclear whether Bahamas First was acquiring 100 per cent of Sagicor General Insurance Company (Cayman just the 75 per cent stake held by its ultimate parent, Sagicor Life Jamaica. The latter holds its stake in the Cayman firm through its wholly-owned subsidiary, Sagicor Life of the Cayman Islands. The purchase price is also unknown, although insurance industry sources expressed doubt as to whether Bahamas First would pay book value or match the $15 million in net shareholder equity that Sagicor General Insurance Company (Cayman according to its 2008 year-end accounts due to the fact that the company had performed relatively poorly in recent years and not been very profitable. There were also questions as to why Bahamas First would seek to enter the Cayman general insurance mar ket, given that property and casualty, plus auto rates, were falling. This was coupled with the fact Cayman was viewed as having the highest risk pro file in the Caribbean, given its relatively flat geography (storm surge exposure high concentration of devel opment (meaning risk small area. Tribune Business was told that according to its 2008 financials, Sagicor General Insurance Company (Cayman) wrote $46 million of gross premiums that year, some 31 per cent of which were health premiums. Insurance industry sources believe Bahamas First, which is solely a general insurer, will either sell or spin-off the health portfolio given that it does not fit its business model. Some 69 per cent, or $31.74 million of its premiums, were on the general side in 2008. Still, the Bahamian insurance industry has been this economys most aggressive sector when it comes to over seas expansion, and Bahamas First follows just several weeks behind BAF Global Group. British American Financials parent unveiled its acquisition of British Ameri can Insurance Company (Cayman earlier this month. Meanwhile, some 24.2 per cent of the remaining Sagicor Bahamas First set to acquire Cayman firm S S E E E E p p a a g g e e 5 5 B B Bahamas ranked 11th out of 12 in attractiveness to wealthy survey
C M Y K C M Y K BUSINESS THE TRIBUNE FRIDAY, NOVEMBER 20, 2009, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM NASSAU INSURANCE BROKERS & AGENTS CO.LTD. A tlantic House,2nd Terrace & Collins Avenue,P.O.Box N-7764 Nassau Tel.677-6422 A member of Colonial Group International:Insurance,Health,Pensions,Life Home & Motor Insurance SAVE $$$! Call NIBA on 677-6422Why pay more for your insurance? HELP WANTEDSALES MANAGER & SERVICE MANAGER ALSO SALES PERSON NEEDED.Must Have Marine Knowledge.P lease Fax Resume To 394-3885 To advertise in The Tribune the #1 newspaper in circulation, just call 502-2371 today! By CHESTER ROBARDS B usiness Reporter firstname.lastname@example.org A CERTIFIED coach in Guerrilla Marketing said yesterday that marketing was something companies should not overlook during times of financial crisis. Ed Tate, who is also a world champion in public speaking, told Bahamian business owners not to overlook marketing as a key business strategy and place it on the back burner during tough economic times. In a crash Guerrilla Marketing course put on by the Bahamas Chamber of Commerce, Mr Tate went through several workshops and seminars with a packed room, and e ncouraged networking in several breakout sessions. He said the participants in yesterdays seminar were s ome of the most enthusiastic and eager business owners he has worked with, adding that Americans are often scepticala bout hearing the same old marketing schemes. The thing I love is the enthusiasm, the energy. The people here are completely e ngaged, said Mr Tate. In the United States we have a lot of people who are cynical and they have this attitude like Ive heard this before. But there is a difference between having heard it b efore and having done it before, and what research shows is people may have heard something, but theyve n ever done anything about it. My sense here is that these people are hungry and they want fresh ideas. M r Tate said there were many free to inexpensive marketing concepts that can be used to drive business, but argued that individuals have t o be creating and imaginative in order to adapt them to their own businesses. He added that businesses should have niche markets and aim to be atop their sector by initiating strategies constructe d around the Guerrilla Marketing model. Marketing is the lifeblood of a business. Especially duri ng these turbulent times, one of the biggest mistakes a business could make is to cut expenses and to cut market-i ng, said Mr Tate. He said for most small businesses, if people dont know about it they will not visit the business. He suggested people p ick up a copy of J Conrad Levinsons Guerrilla Marketing Attack in order to change that dynamic. Dont ignore the lifeblood of a business
Bancroft & Hughes, who successfully argued that CCWIPP was unable to place t he resort into foreclosure because New S outh Ocean Development Company did not have a letter from the Central Bank giving it permission to repay the loan to Propco. Under exchange control regulations, the judge found that CCWIPP/Propco and New South Ocean Development Company needed to have this Central Bank permission to repay the loan. Any loan arrangement in this nation that involves either a foreign-owned mortgagor or mortgagee requires Investments Board and Central Bank approval. Sources told Tribune Business that while Propco had received Central Bank permission to make the loan, and New South Ocean Development Company had been authorised to execute a promissory note for the loans repayment, the third piece of documentation was lacking. It is understood that Propcos attorney, PLP MP and former Cabinet minister, Alfred Sears, argued that permission for New South Ocean Development Company to repay, and for Propco to receive the payments, was contained in the existing documentation, but Justice Isaacs disagreed. I n dismissing the foreclosure action, J ustice Isaacs also discharged South O ceans receiver, Anthony Kikivarakis, the Deloitte & Touche (Bahamas ner, who took control of the resort in May 2009. The Supreme Court ruling also creates further uncertainty over South Oceans future, especially in the short-term, as it hands control back to New South Ocean Development Company, whose investors are locked in an intense arbitration battle currently under way this week in New York. Plainfield is engaged in an acrimonious battle with its South Ocean developer partner, Roger Stein and his RHS Ventures company, over ownership and control of the project. Now, the Supreme Courts ruling means that the entity in which they both have an ownership stake is back in charge of the Bahamian resort. In documents filed with the New York S upreme Court, Mr Stein and RHS Vent ures had alleged that Plainfield was a ttempting to use its position as financing p artner to squeeze them out. T he New South Ocean Development C ompany is controlled by a Caymanb ased partnership, which is owned 51 per c ent by Plainfields Seaside Heights, giving it majority control, 1 per cent by RHS Ventures and 48 per cent by one of the latters affiliates, RHS Holdings. Yet Mr Stein was alleging that through d esigning its financing participation in the S outh Ocean project with loans, rather than equity, Plainfield had positioned itself as New South Ocean Development Companys lead creditor and could squeeze him out at any time by calling in those loans. Mr Steins court and arbitration filings alleged that he had financed his participation with 100 per cent equity, playing $7.56 million for land acquisitions and other pre-development costs. Plainfield, on the other hand, through Seaside H eights had lent $75 million and injected a further $42.7 million as equity, taking its t otal participation to almost $100 million. In return, Plainfield has alleged that RHS Ventures did not properly use the financing it advanced for the South Ocean project, and failed to provide it with audited financial information. Informed observers believe Plainfield opposed the foreclosure, and is seeking control, because it wants to hang on to South Ocean until the credit and real estate markets improve. That, in turn, would improve the propertys value, and the hedge fund would likely then seek a new development partner or sell the resort. Mr Stein and Plainfield are understood to have locked horns in the hearing forum provided by the American Arbi-t ration Association this week, and with b oth parties understood to be reluctant to f inance the project until their dispute is s ettled, South Oceans short-term future l ooks bleak. P ropco is understood to have been payi ng staffing costs, and financing the prope rtys upkeep, infrastructure and utilities while the battle rages, but this weeks ruling likely puts a stop to that. Effectively, South Oceans redevelopment has been placed even further on to the back b urner, with the resort firmly mired in limbo. Some sources suggested that this weeks ruling could cause problems for all lending arrangements in this nation involving non-Bahamian residents or entities, as they would now be required to get Central Bank permission every time they had to re-pay or receive loan monies. That, though, could not be confirmed. The South Ocean redevelopment was originally scheduled to include a 140room five-star resort; 400-room four-star r esort; a 40,000 square foot casino; fract ional villas; 180 timeshare units; second h omes; a convention centre; marina; tennis facilities and spa. The draft economic impact study for the South Ocean project projected that it would create 1,358 full-time jobs when fully open, plus 1,200 construction jobs. The Associations four-year fight, Mr Smith said, had been highlighting and focusing the need for the Government to legislate process and rights in regard to all development initiatives. Its not going to away. Theyre repeating it with the BEC Abaco power plant. Its sad that three levels of the judiciary did not take a more proactive approach in helping to guide the development process in the Bahamas. In its ruling, the Privy Council acknowledged previous findings by Court of Appeal president, Dame Joan Sawyer, who noted that the Bahamas had no comprehensive legislation for environmental protection, or public consultation on the disposition of public land. In other words, major chunks of the Bahamas development approval process, especially as it relates to major mixed-use resort projects, is not contained in stone via statute legislation. Rather, it is in policy, which can be changed at a stroke by public officials. The Privy Council, in its judgment, found the Guana Cay Heads of Agreement was intended to provide a framework for the planning and decision-making that would guide the development going forward. It is common ground that the provisions as to the granting of leases were too uncertain to be legally enforceable. Other provisions of the Heads did probably create legally enforceable obligations. But it is unnecessary to form a final view on that, since on any view the Heads constituted a considered political commitment on the part of the Government of the Bahamas, matched by the Developers' financial commitment to investment in the project, the Privy Council found. The proposed development was on any view a major development with far-reaching economic, social and environmental consequences. It involved an investment of the order of $500 million. It involved large-scale infrastructure projects, both on land and in the sea. The population of the Cay was going to increase greatly, and the pattern of its economic life was going to be transformed. Any complex project of that sort requires a strategic framework of planning and decision at the outset, followed by detailed planning and detailed decisions on par ticular matters as it goes for ward. In such a situation there is no fettering of official discretion in starting with a carefully-formulated general policy. Indeed, to start withouta carefully-formulated general policy would be a recipe for bad administration. Mr Smith yesterday told Tribune Business that the Association wanted the Gov ernment to pass a Freedom o f Information Act and Envir onmental Protection Act, especially since there were no statutory provisions requiring an Environmental Impact Assessment (EIA lished prior to a major development being approved. And the Associations legal battle is not over yet, Mr Smith telling Tribune Busi ness they were awaiting a hearing date from the Court of Appeal for their second bid to block the Guana Cay project, which is directly challenging the permits, approvals and licences given to the developers. Warning that the projects opponents were not going to disappear into thin air, Mr Smith pledged that the developers would still be subjected to an awful lot of scrutiny as they moved forward with what he described as a year project. Asked to recall what the Association had achieved so far, Mr Smith said the Governments Planning and Subdivisions Bill appeared to be attempting to codify and legislate, via statute, a much clearer development process. The Bill, he added, dealt with issues such as EIA publica tion, town planning input and public consultation. The success that we have had so far is that there has been a substantial revamping of the EIA, a substantial revamping of the EMP, he said. There has been a lot of scrutiny and focus on envi ronmental issues by the developers and the Government. The case has also caused the Government to imple ment a lot of the provisions in its Planning and Subdivisions Bill. The Government, through this Bill, is going away from this overarching Heads of Agreement and is going back to more localised input and statute. In the meantime, the Asso ciation was going to monitor the developers to ensure they complied with local and local government rights, plus environmental laws, and assess their compliance with other obligations. C M Y K C M Y K BUSINESS PAGE 4B, FRIDAY, NOVEMBER 20, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM C OMMONWEALTH OF THE BAHAMAS 2 009 IN THE SUPREME COURT No. CLE/QUI/01509 E quity SideN O T I C E I N THE MATTER OF THE QUIETING TITLES ACT 1959 AND IN THE MATTER OF THE PETITION OF LENNARD MAURICE ASHWORTH GULSON TOALLTHATpiece parcel or tract of land situate at Split Rocks about Four (4 the Treasure Cay Airport and about Two (2 Northwest of Treasure Cay on Great Abaco Island in the Commonwealth of The Bahamas containing Fifteen and Thirty-four thousandths (15.034or thereabouts ALLthat piece parcel or tract of land comprising of Fifteen and Thirtyfour thousandths (15.034or thereabouts situate in the vicinity of Split Rocks on Great Abaco Island in the Commonwealth of The Bahamas and which is bounded on the North by the high water mark of the Sea and running thereon Six hundred and Thirty-one and Eighty-two hundredths (631.82 property of Sugar Plantation Limited and running thereon One thousand and Fifty-nine and Forty-three hundredths (1,059.43by the road known as the Great Abaco Highway and running thereon Six hundred and Fifty-one and Eighty-eight hundredths (651.88 West by land formerly the property of Home and Auto Supplies Limited but now the property of John Wayne Darville and running thereon One thousand One hundred and Thirty-four and Fifty-one hundredths (1,134.51 Lennard Maurice Ashworth Gulson claims to be the owner in fee simple in possession of the parcel of land hereinbefore described and the Petitioner has made application to the Supreme Court of the Commonwealth of The Bahamas under Section 3 of The Quieting Titles Act, 1959 to have his title to the said land investigated. Copies of the led plan may be inspected during normal business hours at:(aThe Registry of the Supreme Court (bThe Commissioners Ofce at Coopers Town, Abaco (cThe Chambers of the undersigned. NOTICE is hereby given that any person having dower or right to dower or an adverse claim or a claim not recognized in the Petition shall before the 11 day of January, A.D. 2010 le in the Supreme Court and serve the Petitioner or the undersigned a statement of his claim in the prescribed form veried by an Afdavit to be led therewith. Failure of any such person to le and serve a statement of his claim on or before the 11th day of January, A.D. 2010 will operate as a bar to such claim.E. DAWSON ROBERTS & COMPANY Attorneys for the Petitioner, Magna Carta Court, Parliament & Shirley Streets, Nassau, Bahamas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o adver tise in The Tribune the #1 newspaper in cir culation, just call 502-2371 today! 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By CHESTER ROBARDS B usiness Reporter email@example.com THE CARNIVAL Dream, t he companys largest ship, called on the port of Nassau with more than 3,800 visitors on its inaugural voyage, bringing in more than $380,000 yesterday, according to a ruleof-thumb estimate by the Minister of Tourism. Vincent Vanderpool-Wallace said cruise ship passengers spend on average $100 per passenger at various ports of call. Three Carnival ships were moored at the Prince George Dock for the Dreams first visit to the Bahamas. Captain of the Carnival Dream, Carlo Queirolo, said Nassau was one of the most b eautiful ports of call he has sailed to and touted the dredging efforts to increase the turning basin in the Harbour. It is easier, especially when the weather is not so good [to be able to pivot the ship in the harbour], said CaptainQ ueirolo. It is very important for us. We could do it, but we would have to pay a lot more attention. He added that the dredging o f the Harbour and the addition of two mooring dolphins, built for the arrival of Royal Caribbeans Oasis of the Seas next month, will make it much easier and be a much better arrangement in the harbour. M r Vanderpool-Wallace said the visit of mega cruise ships, such as the Carnival Dream and the Oasis of the S eas, shows need to redevelop the city. He added that once the city was up to the standard ofm any competing cruise ports, there was a potential for even greater revenue per passenger. What is most important is to make sure we have suffi-c ient attractions in Downtown Nassau, so that the maximum number of people leave the ship and we see that that expenditure goes up in terms of the total volume, he said. We have two tasks: To increase the number of visitors coming but also to increase the expenditure per visitor, and thats part of the w hole purpose of the redevelopment of downtown. The Carnival Dream is a 130,000 tonne ship that debuted last September, dwarfed only by the Genesis Class ship, of which there is currently only one. As the largest purveyor of passengers, Carnival is a majorp layer in this countrys tourism industry. However, they have recently been at loggerheads with local tour operators, who feel too much business is being sent to Atlantis. The Dreams itinerary takes it on alternating week-long cruises to the Eastern Caribbean, and it will call at Nassau, St Thomas/St john, U SVI, and St Maarten and Netherlands Antilles, while its western itinerary will take it to Cozumel, Belize, Costa Maya and Nassau. With unique facilities, the Dream brings a different cruising experience. New attractions include four scenic whirlpools, an open deck witha tropical, resort-style pool and a seaside theatre (LED screen). Sure to be a hit with guests will be Carnival WaterWorks, an expansive aqua park offering exhilarating water slides and various water spray appa ratus. Carnival Dream will also be the first Fun Ship to feature a two-level miniature golf course, said a release from Carnival. Bahamas First set to acquire Cayman firm C M Y K C M Y K BUSINESS THE TRIBUNE FRIDAY, NOVEMBER 20, 2009, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM General Insurance Company (Cayman understood to be owned by the Caymanian government, which effectively took over the firm in its previous guise, Cayman General, when the firm hit financial trouble as a result of enormous Hurricane Ivan-related payouts. Tribune Business was told yesterday that it was widely understood that the Cayman government accepted a lower claims payout from Cayman General, $70 million insteadof $140 million, in return for taking over effective control and its equity stake. Sagicor Life of the Cayman Islands then entered the picture two months after Ivan had passed, taking an initial 51 per cent stake in November 2005. Patrick Ward, Bahamas Firsts president and chief executive, recently told Tribune Business that Bahamas First General Insurance Company will pass the "important milestone" of $50 million in capital by year-end. General He added that Bahamas First General Insurance Com pany, the main subsidiary of Bahamas First Holdings, was "tracking better than 2008" when it came to its bottom line net income for 2009, although the swing in the unrealised value of its investment portfolio remained a concern largely due to its sub s tantial holdings of Comm onwealth Bank stock. Mr Ward said: "By the end of 2009, the capital of Bahamas First General Insurance Company will be in excess of $50 million, and the risk profile we have on theb ooks will not be significantly different from the year before. "We will have a much more superior balance sheet capital position that we had the year before. That's an important milestone for us to have, $50 million in capital. "We have followed a strategy in the last two to three years of increasing Bahamas First General Insurance Com pany's capital by not sending any monies to the parent via dividends. That, with good results, has allowed us to build up the capital of Bahamas First General to the level we enjoy today." And Mr Ward said the company's financial perfor m ance for year-to-date was a head of 2008, when Bahamas First General Insurance Com pany sustained an 86.4 per cent decline in net income to $1.656 million, almost entirely due to a $12 million swing into the red on the unrealisedl osses suffered on its equity portfolio. F F R R O O M M p p a a g g e e 1 1 B B Cruise ships $380k visitor spend impact A VIEW of the Carnival Dream in Nassau harbour... CARLO QUEIROLO (centre deputy prime minister, as Vincent Vanderpool-Wallace (left A VIEW from the Carnival Dream... P h o t o s b y F e l i p M a j o r / T r i b u n e s t a f f
By NEIL HARTNELL Tribune Business Editor INFLATION in the B ahamas has been driven by salary increases rather than business profits, a senior accountant told Tribune Business yesterday, as companies move to retain valued employees through wage rises despite the recessions impact on their top and bottom lines. Disputing assertions by former minister of state for finance, James Smith, that some Bahamian companies had engaged in profiteering by raising prices to compen sate for declining consumer demand and sales revenues, Raymond Winder said some companies had gone as far to give their workforces 2-5 per cent annual salary increases despite the increasing pressures they were facing. The Deloitte & Touche (Bahamas told Tribune Business: There is no evidence in the current environment that would lead me to believe that there are a number of companies making huge profits. In fact, the cumulative profits of companies in the Bahamas have declined. What has happened is that e ven if a company has raised i ts prices, the increase in prices on a cumulative basis has not gone to profits, but gone to salaries. If one was to analyse cumulative annual salaries as a percentage of revenues, the figure would be higher than it was yesterday. Mr Winder said many Bahamian companies, viewing lay-offs as a last resort in the current recession, had moved to increase salaries as an incentive for their best staff to stay with them, creating what is known as cost-push inflation. A s for the inflation issue, he a dded: It will be due primarily to the fact that businesses have tried their best to retain their employees in the face of declining revenues. Even though businesses are not doing well, because many Bahamians are used to annual pay rises, some businesses have been giving 2-5 per cent increases in salary e ven in the face of declining profits. If anything, theres been a reduction in the contribution the amount of profit has made to the inflation index. Mr Winder said the Bahamian private sectors weakness had been highlighted by the fact that more businesses have closed their doors, with 70 per cent of companies unable to pay their National Insurance Board (NIB Bahamas Electricity Corporation (BEC manner. He also pointed out that Bahamian commercial banks had gone to great lengths to avoid a fire sale of foreclosed commercial and resi dential properties, instead preferring to work out restruc tured loans and payment arrangements with borrowers. Mr Winder said that placing a mass of foreclosed properties on the real estate market at once would have created a mass drop in prices, depressing the entirem arket. Salary-driven inflation was also being fuelled by the relative lack of worker productivity in the Bahamas, Mr Winder told Tribune Business, as companies were forced to carry excess workers to perform tasks that should be carried out by a smaller number of personnel. Theres a lack of productivity, which is continually declining, and which weighs you down and results in busi nesses carrying additional persons to carry out the same work, he explained. Once youve had to hire additional persons, that also has an impact on the inflation index. Mr Winders analysis was backed by Christopher Lowe, a former Grand Bahama Chamber of Commerce presi dent, who branded Mr Smiths analysis as incomplete and misleading. Mr Lowe, who is Kellys (Freeport er, told Tribune Business: His main, if overly simplified synopsis, is that businesses are compensating for a drop in revenue or sales by increasing prices, and for the ignoble purpose of keeping profits high. The worst travesty is that he omits the other action that businesses can take if revenue falls. Lay-offs, shift rotations a nd closure, with the latter being opted for far more freq uently by challenged hotels, businesses and even government itself. Also, in tying profit motive into overcoming revenue decreases, he is being entirely disingenuous. While profit does indeed come from the prices charged for goods and services, profit also covers repairs and renewals, and i nward business re-investment. Profit does not equate directly to pocketing Profit is the last reality for most, even well run, Bahamian companies these days, We are all preoc c upied with survival in spite of Government policies. Mr Lowe said that when faced by declining revenues treams and a fixed cost base t hat stays the same, businesses had three options to lower operating costs, increasing margins or going out of busi ness. In addition, reduced cash flow resulted in lower inventory purchasing power, something that worked against a companys solvency and f orced it to rely on previously e arned profits. Mr Lowe also accused Mr Smith of placing too much emphasis on the Bahamas import ties to the US, arguing that prices in our northern neighbour bore no relation to those charged in the Bahamas due to increased shipping and utility costs in this nation, itsl ower productivity and staff education levels, increasing internal and external theft, increased staff benefits costs and ever increasing interference in trade by government. Perhaps when all US citizens receive their national health insurance coverage, there will be no effect on the Bahamas? Bollocks, Mr Lowe said. It will be passed directly on to the consumer, both domestic and foreign. Every US business will have added to their costs of doing business medical insurance cover for their employees. What of our own governments increase in NIB contributions? Meanwhile, Mr Winder said: I do agree that we have had inflation, and that is due to salary increases, and not due to an increase in profits. To the extent that we have inflation in the Bahamas, the majority of it goes to salaries and not profit. And while I do agree we do not have enough informa tion to do a proper analysis, what is clear is that revenues have dropped and salaries have not decreased by the same proportion, while profits have also dropped. C M Y K C M Y K BUSINESS PAGE 12B, FRIDAY, NOVEMBER 20, 2009 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM To advertise in The Tribune the #1 newspaper in circulation, just call 502-2371 today! Auditor wages salary increases driving inflation Says 70% of Bahamian firms unable to pay NIB contributions and BEC bills on timely basis RAYMOND WINDER