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N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER Funeral home hit by car scam Volume: 108 No.8TUESDAY, NOVEMBER 29, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER SUNNY, T-STORM HIGH 82F LOW 67F By TANEKA THOMPSON Deputy Chief Reporter firstname.lastname@example.org THE funeral director of Evergreen Mortuary said her personal and professional rep u tation has been tarnished after she became an unknow ing victim of a luxury car theft s cam. Denalee Penn, director and owner of the funeral home,p urchased two Cadillac Escalades from a casual acquaintance in January and then June, 2010 and financed the cars with $90,000 in personal loans from the Bank of the Bahamas. Ms Penn said she converted the cars into hearses which became an integral part of her funeral business. About a year and a half after the first purchase on September 16, 2011 both cars were seized by Customs officers who told Ms Penn that the vehicles were report ed stolen in the US. She said she was also told that there was no evidence that the cars were cleared by the Department of Customsw hen they were imported. The two cars are now sitting in the departmentsi mpound lot while the busi nesswoman is left with thousands of dollars of loan pay ments to fulfil. I purchased both of those vehicles through Bank of the Bahamas. I saw (an acquaintance) driving this Escalade that I liked and I said How much would you sell it to me for? He said $40,000 I went to the bank and took in a bill of sale, they said they needed a car fax report to make sure the title was clean. Then I got word that everything worked out and they would finance the car for me, said Ms Penn. She said six months later she bought another car from Hearses had been reported stolen in US TRY OUR PINA COLADA McFLURRY The Tribune THEPEOPLESPAPER BIGGESTANDBEST LATESTNEWSONWWW.TRIBUNE242.COM WOMAN H H I I G G H H E E N N D D S S T T Y Y L L E E A A T T T T H H E E F F A A S S H H I I O O N N P P A A R R A A D D E E SEEWOMANONPAGE12B TRACKANDFIELD:IAAF L L O O O O K K W W H H O O S S A A C C A A L L E E N N D D A A R R G G I I R R L L SEESPORTSSECTIONE FIREripped through classrooms at a school early on Sun day morning. The blaze destroyed class rooms at the Hope Academy school on Soldier Road. Children gathered outside the school yesterday but had to be turned away while staff at the school assessed the damage. Photo: Felip Major / Tribune Staff SCHOOL CL ASSR OOMS DESTROYED IN BLAZE By KHRISNA VIRGIL A WELL-KNOWN businessman was the victim of a mysterious arson that has lefth im concerned about the safety of his family. Andrew Blue Johnson, O perations Manager of Elite Security Agency, said a neighbours telephone call Sunday night wakened him and his five-year-old son with the news that there was a ball of flames outside his Orange Drive, Winton Meadows, home. When I opened up the garage, I realised that my Porsche Cayenne SUV, a $60,000 vehicle was on fire," he said. Today all that remains of the Porsche are its four tyres and the rims. Even those, said Mr Johnson, have melted. The Porsche is totally gone. THE verdict in the sex trial of Bishop Randy Fraser is expected to be handed down this morning after numerous delays. The guilty or not guilty rul ing was to have been deliv ered yesterday, but Magis trate Carolita Bethell was not present. The ruling was to be delivered in Court 8, Bank Lane, on Friday. However, the ruling was postponed to yesterday. Fraser, 53, is accused of having unlawful sexual relations between July 2005 and February 2006 with a 16-yearold girl he agreed to counsel. If convicted, Fraser could face up to seven years in prison. B y CELESTE NIXON Tribune Staff Reporter email@example.com PRIME Minister Hubert Ingraham tabled in Parliam ent yesterday the Cons tituencies Commissions Report which proposes several amendments to theb oundary lines ahead of the 2012 election. As anticipated, the report which was signed by all the members of the commission with the exception of MP Philip Davis recommends t he number of seats in the House of Assembly be reduced from 41 to 38, with a number of constituencies renamed and boundary lines adjusted. A ccording to the Prime M inister, as of November 14, there are 137,444 registered voters in the Bahamas. A lmost 67 per cent, or By SANCHESKA BROWN Tribune Staff Reporter firstname.lastname@example.org FORMER MP for Exuma George Smith said that if Anthony Moss is given the nomination from the PLP for Exuma, it would force him to make a hard, firm decision in terms of his possible reemergence into front-line pol itics. FRASERSEXTRIALRULING EXPECTED AFTER NEW DELAY S S e e e e p p a a g g e e 9 9 S S e e e e p p a a g g e e 9 9 S S e e e e p p a a g g e e 2 2 S S e e e e p p a a g g e e 9 9 BUSINESSMAN IN ARSON ATTACK SMITH CONSIDERS EXUMA CHOICE BOUNDARY PROPOSALS PRESENTED TO PARLIAMENT
LOCAL NEWS PAGE 2, TUESDAY, NOVEMBER 29, 2011 THE TRIBUNE 96,111 voters, live in New P rovidence, with 14.67 per c ent in Grand Bahama and Bimini and 15.4 per cent in t he remaining Family Islands. The report says every a ttempt has been made to cut b oundaries along natural roadways and to minimise the cutting of polling divisions. It said: In making this prop osal we have been guided by t he general consideration that t he number of voters entitled to vote for the purposes of electing every member of the House of Assembly shall, so far as reasonably practicable, be the same. The proposed changes will p roduce on average an additional 550 voters per con-s tituency, said the report. The proposed distribution produces a range of 626 vot-e rs with a high of 4,537 regist ered in St Cecilia and low of 3,923 in Elizabeth. The report said: We have s et a standard of no more t han 10 per cent (418 or below the average of 4 ,178 voters per constituency. T he report notes that the number of registered voters in the constituencies with thel owest voter count is expected t o grow much more than in t hose with higher counts. The proposal calls for Blue H ills, Clifton, Englerston, K ennedy and St Thomas More to be eliminated, and Nassau Village, Tall Pines and Southern Shores created. The report also proposes Bain and Grants Town be c hanged to Bain Town and Grants Town and Farm R oad and Centreville to Centreville. I n Grand Bahama and Bimini there are 20,166 registered voters across the five constituencies, with an average of 3,361 voters per constituency, said the report. In view of the current dist ribution of registered voters and the proposed configuration, the Commission has put f orward that the constituency names, High Rock, Lucaya, E ight Mile Rock and West End and Bimini be eliminate d. It proposed the names East Grand Bahama, CentralG rand Bahama and West G rand Bahama and Bimini. I n the remaining Family Islands, the report proposes t hat Ragged Island be joined w ith the Exuma constituency and South Abaco be amended to Central and South Abaco, South Andros to Central and South Andros, South Eleuthera to Central a nd South Eleuthera, Exuma to the Exumas and R agged Island and Long Island and Ragged Island to Long Island. The distribution of seats in the Family Islands takes account of the needs of sparsely populated areas, practicability of elected mem bers and maintaining contactw ith electors in such areas, size, physical features, natural boundaries and geographic al isolators, said the report. Bain Town and Grants Town constituency Bamboo Town constituency Fox Hill constituency Pinewood constituency BOUNDARY PROPOSALS PRESENTED TO PARLIAMENT f f r r o o m m p p a a g g e e o o n n e e
B y DANA SMITH email@example.com POLICE are concerned about the disturbing trendo f teenage girls being reported missing, only to be found in the company of adult men. A t a press conference yesterday, Superintendent Stephen Dean revealed policea re receiving missing persons reports for teenage girls almost every week, and thet ask of investigating them is p lacing a strain on their resources. We have noticed this dist urbing trend where we are receiving reports of a numbero f young teenage girls in part icular being reported missi ng, Supt Dean said. And w hen we conduct our investi gation we find out, theyre not a s reported. He explained that quite often, the girls are merely run-a ways who are eventually found with their adult boyfriends. We are noticing that there a re a number of girls who do not want to be under their parents home, who do notw ant to be under the discip line of that home. In some c ases they are moving out and t hey are moving out with y oung men, Supt Dean said. This in itself is a matter of serious concern to police officers, as the girls could be placing themselves in danger-o us situations, he said. We want to put the warning out, particularly to these y oung girls. They are putting themselves in harms way, Supt Dean said. A number of things can happen: they can b e murdered, used as prosti tutes, abducted, sexually abused... We are very con-c erned about this. A warning was also sent out to the adult men who datea nd live with these underage girls. We are finding out most of these girls are getting i nvolved in sexual activities w ith adult men, Supt Dean s aid. Were saying to the young m en out there who are luring these girls from their parents home it is a criminal offencet o have unlawful sexual intercourse with young teenage girls. A ccording to Supt Dean, there have been many cases in which the men were charged and prosecuted. T here are a number of ongoing investigations of this kind, he said. A lot of energy goes into (searching for the missing girls). We have to canvasc ommunities, we have to follow leads, track down the last places those persons have been, possible places theym ight be, look in bushes, get our Canine Unit we have to search a lot of areas, Supt D ean said. We have to exhaust a lot of manpower. We can not continue to go a long this trend. LOCAL NEWS THE TRIBUNE TUESDAY, NOVEMBER 29, 2011, PAGE 3 NO significant progress has been made in the search for Anya Wilmot, the 22-year-old mother reported missing onT uesday, October 22. S uperintendent Stephen Dean said: At this point, we do not have any significant leads. We are tracking some things down. We feel encouraged that some things will bed eveloped. The alert is still out. We believe that she is alive. We are hoping that she is alive. Someone out there knows where she is and we are confident that we will find her. Anya was last seen at Little Feet Academy, dropping her daughters off to school before heading to court. She was wearing Khaki pants, a white button-downs hirt and black shoes. S he was driving a righthand drive Honda Civic. Anyone with information concerning Anya's whereabouts is asked to call police on 911 or 919, the CentralD etective Unit on 502-9991 o r Crime Stoppers anonymously on 328-TIPS. Her family can be contacted on 467-7533, 464-9221 or 436-8952. N O PROGRESS IN SEARCH FOR MISSING WOMAN ANYAWILMOT Police speak out over girls found witholder men S UPERINTENDENT STEPHEN DEAN s poke out at a press confere nce yesterday about the growing trend. e want to put the warning out, particularly to these y oung g irls. The y ar e putting themselves in hars way. Supt Stephen Dean
EDITOR, The Tribune. The Green Thing C hecking out at the supermarket, the young cashier suggested to the older woman that she should bring her own grocery bags because plastic bags werent good for the environment. The woman apologised and explained, We didnt have this green thing back in mye arlier days. The clerk responded, Thats our problem today. Your generation did not care enough to save our environment for future generations. She was right our generation didnt have the green thing in its day. Back then, we returned milk bottles, wine and beer bottles to the shop which then sent them back to the plant to be washed and sterilised and refilled, so it could use the same bottles over and over. So they really were recy cled. But we didnt have the green thing back in our day. We walked upstairs, because we didnt have a lift in every shopping mall and office building. We walked to the grocers and didnt climb into a 300-horsepower machine every time we had to go up the road. But she was right. We didnt have the green thing in our day. Back then, we washed the babys nappies because we didnt have the throw-away kind. We dried clothes on a line, not in an energy gobbling machine burning fossil fuel wind and solar power really did dry our clothes back in our early days. Kids got handme-down clothes from their brothers or sisters, not always brand-new clothing. But that young lady is right. We didnt have the green thing back in our day. Back then, we had one TV, or radio, in the house not a TV in every room. And the TV had a small screen the size of a handkerchief (remember them?), not a screen the size of the whole wall. In the kitchen, we blended and stirred by hand because we didn't have electric machines to do everything for us. When we packaged a fragile item to send in the mail, we used wadded up old newspapers to cushion it, not Styrofoam or plastic bubble wrap. Back then, we didnt fire up ane ngine and burn petrol just to cut the lawn. We used a push mower that ran on human power. We exercised by walking so we didnt need to go to a health club to run on treadmills operated by electricity. But shes right. We didnt have the green thing back then. We drank from a water fountain when we were thirsty instead of using a cup or a plastic bottle every time we had a drink of water. We refilled writing pens with ink instead of buying a new pen, and we replaced the razor blades in a razor instead of throwing away the whole razor just because the blade got dull. But we didnt have the green thing back then. Back then, people took a tram or a bus, and kids rode their bikes to school or walked instead of turning their mums into a 24-hour taxi service. We had one electrical outlet in a room, not an entire bank of sockets to power a dozen appliances. And we didnt need a computerised gadget to receive a signal beamed from satellites 2,000 miles out in space in order to find the nearest pizza place. But isnt it sad the current generation laments how wasteful we old folks were just because we didnt have the green thing back then? Please forward this on to another selfish old person who needs a lesson in conser vation from some young smart-ass. Remember: Dont make old people mad. We dont like being old in the first place, so it doesnt take much to piss us off. And we vote! AND WE VOTE PATRICK THOMSON Nassau, November 21, 2011. EDITOR, The Tribune. A S A CONCERNED citizen, husband, father and friend, I write to ask the government five questions: When there is a shortage o f nurses at PMH, what does the government do? When there is a shortage of teachers in the government schools, what does the government do? When there is a shortage of construction workers in the country, what does the gove rnment do? When there is a need for m ajor road work, what does t he government do? When we need to dredge the harbour, build docks and infrastructure, what does the g overnment do? In case you dont know the answer to all of the above,a nd it is the same, They bring in foreign recruits a nd/or expertise! So I ask one more question. W hen we are under seige by the criminals and we do not h ave the expertise, the will, t he manpower, the guts or test icular fortitude to deal with it, what should the government do? For Gods sake, bring in foreign recruits, police and/or expertise! PLP, FNM, DNA, Vanguard, Peoples Party, whatever the case, this is not rock et science. Obviously, not to g et political, but successive governments have either, not y et learnt this or have failed to put their pride aside and do what is in the best interestso f their employers, dats us, we Bahamians. When is e nough, enough? Can someone stand up and be counted? Can you so-called life time, career politicians, foro nce in your life, stand up and be counted? What has prompted me to write this article is the fact t hat I just sat down with a paper and pen and started making a list of individuals that I know personally whomi n the last year (thats 12 months), whose either car has been stolen, house brokeni nto, held up at gunpoint, abducted, and the list goes ona nd in just five minutes, I am already up to 32. T hese are not just incidents that I heard through the grapevine, these are individuals whom I work with, eat w ith, go to church with, family members, personal friends, neighbours, etc, etc. Most of them I have on s peed dial on my phone. No need for introductions. I am j ust one citizen, so can you i magine how long the Count rys List is? P olitician, wake up! And you Pastors, Bishops, socalled Community Leaders,t heres another time and place w hen I will be dealing with you lazy, sit back and do noth i ng individuals. Keep an eye out! More to come on this. I am sick and tired of hear ing our do nothing politicians say, we have a highly trained and equipped police force. When is it going to sink into their heads that our police force is overwhelmed by the level of crime and we need some help, expertise and integrity installed back in the force. Y es, we may have some police that are highly trained, but most of them are sitting b ehind desks. We do have our s hare of good police, but we also have some corrupt p olice that do not have a clue a bout law enforcement. I have a friend who works at the emergency room at one o f the two major hospitals, in discussing the level of crime a nd how it has gotten out of control, here is his quote to me, Rudy, you have no ideao f the level of shootings, stabbings, knife wounds, rape, etc,e tc, that come into this emer gency room on a daily basis. The police do not report a quarter of it, and if they did,y ou would probably pack up a nd leave. MPs, now its time for your question: Is this what we hired y ou to do? Is this how youve let our great country go into d egradation? Please, please, get off your lazy, comfortable backsides and do something.Y ou were placed in a position to care for your country. Youw ere elected and placed as s tewards of our Bahama Land. It is time to take the bull by its horns. And if youc ant, step aside and let some o ne else do it. Its an old saying, either ---or get off the p ot! R UDY CARROLL Nassau, November 22, 2011. EDITORIAL/LETTERS TO THE EDITOR P AGE 4, TUESDAY, NOVEMBER 29, 2011 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., (Hon. Publisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas I nsurance Management Building., P.O. F-485, Freeport, Grand Bahama D URBAN, South Africa With heattrapping carbon at record levels in the atmosphere, UN climate negotiations opened with pressure building to salvage the only treaty limiting greenhouse gas emissions. The US, Europe and the developing countries laid out diverging positions at the outset, signalling tough talks aheade ven as South African President Jacob Zuma called Monday for national interests to be laid aside for a common good and benefit of all humanity. As if to illustrate the effects of global warming, a fierce storm on the eve of the talks flooded shack settlements and killed at least five people in the port city hosting the international gathering. In a statement, municipal officials said the toll could go as high as 10, based on unconf irmed reports. The climate talks were not affected, though the roof of the sprawling centre where the conference was being held was damaged. Scientists say such unusual weather has become more frequent and will continue to happen more often as the Earth warms, although it is impossible to attribute any individual event to climate change. The talks face a looming one-year dead line with the expiry next December of the commitment by 37 industrial countries to cut carbon emissions, as required under the Kyoto Protocol. At issue is whether those countries would accept another peri od of greater emission reductions. As the talks opened, Canadian television reported that Ottawa will announce its formal withdraw from the Kyoto accord next month. Canada, joined by Japan and Russia, said last year it will not accept new commitments, but renouncing the accord would be another setback to the treaty concluded with much fanfare in 1997. Canadian Environment Minister Peter Kent said he would neither confirm nor deny the report. This isnt the day. This is not the time to make an announcement, he said. Countries are running away from the Kyoto Protocol, said Artur Runge-Metzger, the chief negotiator for the European Union. Canadas withdrawal would not imme diately affect the Durban talks, he said.But doubts about the Kyoto deal were one reason the EU was conditioning its acceptance of new commitments on an agreement in Durban from China, Indiaa nd other major emitting countries that they will adopt legally binding commit ments by 2015. D eveloping countries say Kyoto is the only instrument that binds wealthy countries to specific targets. The protocol was the cornerstone of the climate regime, and its second commitment period is the essential priority for the success of the Durban conference, Chinese delegate Su Wei told the inaugural session. US chief delegate Jonathan Pershing said t he United States, which shunned Kyoto as unfair, would accept legally binding emissions limits in the future as long as all major emitters took on equal legal obligations. But the US wants to know exactly what such an agreement would contain before it agreed to the principle of a legal treaty which would require the endorsement of two-thirds of the US Senate. Putting the form of the action before the substance doesn't make a great deal of sense, Pershing told reporters. Opposition in Congress, which includes outspoken climate sceptics and a Republican majority generally considered climate-unfriendly, has prompted a widespread belief that US negotiators are foot-dragging on emissions issues. Christiana Figueres, the UNs top climate official, said Kyotos future is the d efining issue of this conference. She said an extension of Kyoto targets is linked to pledges that developing countries must make to join the fight against climate change. The task is daunting, she said, then she quoted anti-apartheid legend and former President Nelson Mandela: It always seems impossible until it is done. In his address opening the conference, Zuma said global warming already is causing suffering and conflict in Africa, from drought in Sudan and Somalia to flooding in South Africa. For most people in the developing world and Africa, climate change is a matter of life and death, said the South African leader. Zuma said Sudans drought is partly responsible for tribal wars there, and that drought and famine have driven people from their homes in Somalia. Floods along the South African coast have cost people their homes and jobs, he said. Change and solutions are always possible. In these talks, state parties will need to look beyond their national interests to find a global solution for a common good and benefit of all humanity. One of the greatest threats of global warming is to food supplies. In its first global assessment of the planets resources, the UN Food and Agriculture Organisation estimated that farmers will have to produce 70 per cent more food by 2050 to meet the needs of the worlds expected 9 billion-strong population. But most available farmland is already being farmed, and in ways that decrease productivity through practicest hat lead to soil erosion and wasting of water, the FAO said in a report released Monday in Rome. C limate change compounded problems caused by poor farming practices, it found. Adjusting to a changing world will require $1 trillion in irrigation water management alone for developing countries by 2015, the FAO said. Divergent views signal tough climate talks ahead. By Arthur Max, Associated Press Bring in experts to stop crime LETTERS l firstname.lastname@example.org Divergent views signal tough climate talks The environment a lesson fr om the young
By CELESTE NIXON Tribune Staff Reporter email@example.com FOX Hill MP Fred Mitchell raised concerns over the safe t y of COB students yesterday. M r Mitchell was speaking in the House of Assembly during the debate on amendments to the College of the Bahamas Bill. The amendments seek to s et a maximum limit of six years of service for each college council member, other than the president, to ensure the legitimacy of their actionsduring their time in office. Education Minister D esmond Bannister, who opened the debate, said: This new provision sets a definite o uter time limit of a maxi mum of six years of service for a council member, therebye nsuring that the validity of the acts performed during their time of service to our country cannot be questioned by reason only of the length of their tenure in office. When his turn came, Mr Mitchell said that with a recent campus robbery and the countrys escalating crime rate, further resources needed to be devoted to the securityof the college, to ensure a safe and secure environment for students and staff. Earlier this month, a group o f men approached a student a nd robbed him of his laptop, which led to increased securi ty measures at and around C OB's main campus in Oakes Field. According to Mr Mitchell, c rime was the number one issue raised by students during his recent visit to COB. We all know that crime k nows no bounds and wher ever there is an opportunity, criminals will exploit areas of vulnerability. There is indeed a need to improve the securi ty for COB, he said. I n particular, Mr Mitchell said, attention must be given to students from the Family Islands who live in dorms, andt he type of conditions to which they are exposed. Mr Mitchell said he was informed by students that when they brought their concerns to COBs administration, they were told the funds to improve security were not available. The government and Defence Force should assist COB in upgrading its security capabilities, he said. The MP added that COB plans to do its part by putting in place additional security measures, including ensuring all campus lighting is opera tional and increasing the num ber of guards stationed at cer tain posts. M r Mitchell said that while h e supports the legislation and hopes it accomplishes e verything the government s aid it will, the under-funding of COB should be addressed a nd a clear commitment to t he university needs to be shown. LOCAL NEWS THE TRIBUNE TUESDAY, NOVEMBER 29, 2011, PAGE 5 WANTEDA Major Hotel has a vacancy for anASSISTANT ENGINEERResponsibilities includes: Operations firstname.lastname@example.org No later than Thursday, 8th December, 2011 By LAMECH JOHNSON email@example.com A MAN who pleaded guilty yesterday to possessing more than1 00 pounds of marijuana was given the shortest possible sentence under the law. Chief Magistrate Roger Gomez sentenced Derez Cartwright, 26,of Garden Hills 1, to four years in prison during his arraignment in c onnection with a drug and ammunition seizure last weekend. On Saturday, November 26, officers found two men and a woman with 130 pounds of IndianH emp, along with six live rounds of ammunition at a home on G eranium Avenue. Derez Cartwright was charged, along Alicia Cartwright and Justin Turnquest, with one countof drug possession with intent to s upply and two counts of possession of ammunition. The other two accused pleaded not guilty to all three charges. The prosecution read the details of the incident to the court,b eginning with police officers arriving at a house on Geranium Avenue in Garden Hills 1. According to the description, officers knocked on the front door and were invited inside after presenting a search warrant bear-i ng the name of Derez C artwright. They conducted a search of the home, which led them to the bedroom where suspected marijuana was found on the floor and bed. O fficers carried their search to t he bathroom, where ammunition was found in the toilet tank. Mr Cartwright was taken into custody for questioning where he admitted to owning the drugs which he told officers cost him$ 3,000 and being in possession o f the six bullets. The three accused were taken into custody for questioning, according to the prosecutions account. C hristina Galanos, attorney for b oth Cartwrights, made submiss ions on sentencing for Derez Cartwright. She told the chief magistrate that her client, an Exuma nativew ho has been living in Nassau only a year, was employed by CNN construction and is a mason b y trade. She stressed that her client, who has no previous convictions or pending charges, did not waste the courts or the policest ime, as he confessed right away. W hen given the chance to speak by the judge, Cartwright said: I sorry for putting everybody through this situation. After misunderstandings were cleared up between prosecutiona nd defence as to where the six l ive rounds of ammunition were found, the prosecution withdrew its case against Alicia Cartwright and she was discharged by Chief Magistrate Gomez. After taking into account the s ubmissions made by the defence, t he judge sentenced Mr Cartwright to four years for the drug possession charge and three years for the ammunition possession, with both sentences to run c oncurrently. R egarding the third accused, t he prosecution affirmed its intention to proceed with the trial of Justin Turnquest. His hearing on the charge of d rug possession with the intent to supply and two counts of ammunition possession will begin t oday. B y LAMECH JOHNSON firstname.lastname@example.org A MAN was arraigned in Magistrates Court yesterday afternoon in connection with a Thanksgiving night murder. D on Brennen, 56, of Sunshine Way, appeared in Court One, Bank Lane before ChiefM agistrate Roger Gomez, where he was charged witht he Thursday, November 24 s tabbing death of Dwayne J ackson. After reading the particulars to the accused, who a cknowledged that he under stood the charge, Chief Magistrate Gomez informed Brenn en that he was not required t o enter a plea due to the n ature of the offence. He said the case will be fast-tracked to the Supreme Court for trial, with a voluntary bill of indictment expect e d to be served on February 16, 2012 in Court One. Before Brennen was remanded to Her Majestys Prison new laws did not permit him to request bail his a ttorney Dion Smith asked t he judge to order that he receive photos of his client while in police custody. T he judge inquired about the request under the impress ion that the attorney was c laiming police brutality, but M r Smith said this was not the case. He said his clients right eye was swollen and there was a gash above his left eyebrow,a nd claimed the wounds were received prior to his client entering police custody on the night in question. The attorney also asked that Brennen be allowed to u se his prescription medicine w hile on remand, as he had been while at the Central Detective Unit and a polices tation. He also asked the judge to o rder that his client be a llowed to attend an already b ooked doctors appointment on Thursday, December 1, and for glasses to be taken to the accused, who he said does not see well. C hief Magistrate Gomez acknowledged the requests and adjourned the matter to February of next year. Brennen was escorted from court by police and taken to a r emand cell. O n the way, he was offered both encouraging words and a number of jeers by bystandersi n Bank Lane. B y SANCHESKA BROWN Tribune Staff Reporter email@example.com POLICE still have no leads i n the countrys latest murder and are warning members of the public to be more aware of their surroundings to avoid falling victim to armed robbers. S uperintendent Stephen Dean said police are still in the preliminary stages of their investigation, but are hoping to get a lead soon. We have no updates on the latest murder. We believet hat once we continue along the path we are on, we should b e able to bring that to a successful conclusion, he said. Elon Simone, 36, was shot a t Golden Isles Road during an attempted robbery. S imone was among a group of people walking through the Haitian Village around 11pm Saturday when they were approached by three men who demanded cash. Simonet ried to run away, but was shot by one of the men. He died on the scene. S upt Dean also said: Armed robberies continue to be a concern for us. We need business persons and ordinary citizens to be on the alert. Youc annot be walking around with l arge sums of money. We are still getting matters where persons go to deposit money late at night, late in the evening and in the darkness by themselves. Please get a s ecurity company or call your divisional commander. You need protection with that large sum of money. You need to know your environment. Know the person youre hanging around. Be vigilant and don ot let your guard down. People tend to get relaxed when shopping during Christmas, but that is when you need to be on high alert. POLICEISSUE ROBBERYALERT MP RAISES CONCERNS OVER THE SAFETY OF STUDENTS MAN CHARGED OVER THANKSGIVING NIGHT MURDER Minimum sentence for drug possession D EREZCARTWRIGHT a t court yesterday.
THE Bahamas was successful in its bid to join the c ouncil of the International M aritime Organisation under Category C, the Ministry of Foreign Affairs hasa nnounced. The country was voted into the post at the 27th Sessiono f the IMO Assembly, which w as held in London from November 21 to 30. Category C is open to those 2 0 states which have special interests in maritime transport or navigation and whosee lection to the council will e nsure the representation of all major geographic areas of the world. T he Bahamas exemplifies the highest credentials in each of these areas, according to t he IMO. Bahamas High Commissioner and Permanent Representative to the IMO Paul Far q uharson headed the Bahami an delegation to the IMO assembly. He was accompa n ied by Bahamas Maritime Authority officials, including the chairman Ian Fair, vicec hairman Peter Goulandris and director and CEO Commodore Davy Rolle. The Bahamas has served on t he council from 1991 to 1995 and from 1999 to the present. Mr Fair, in his address to t he 27th Session, highlighted the fact that the Bahamas has a long and distinguished hist ory as a maritime nation. It became a member in 1976 and has acceded to the major international conven tions administered by the IMO as well as the 1982 Lawof the Sea Convention. The Bahamas accommodates 56 million gross tons on its Ship Registry; cruise ships making up nine per cent, Mr Fair said. H e said the Bahamas is justly proud of its Port State Control (PSC the country being on the White List of every PSC Memorandum of Under standing. The Bahamas highly values her membership in the IMO. The Bahamas will thus continue to work construc tively with all members of this organisation in pursuit of the goals of the assembly. Moreover, we will work with all to ensure they are fully addressed, Mr Fair said. LOCAL NEWS PAGE 6, TUESDAY, NOVEMBER 29, 2011 THE TRIBUNE WANTEDSR. RESERVATIONISTResponsibilities: Maximize occupancy and avoid overbooking as much as possible; Prepare arrival and departure list; Prepare daily and weekly projections; documentations; Prepare necessary reports; Assist with T he ability to cope under pressure with focus on customer services is essential to Experience: Previous experience with reservations and Education : The ideal candidates should, possess an associates degree or related hospitality management Interested candidates should submit resumes no later than Friday, December 2, 2011 to: firstname.lastname@example.org A s the breeze blows and the w aters flow, the sun rises, days disappear and nights appear, so goes life....~ Betty Taylor ~Original Author Bahamas joins maritime council THE BAHAMAS delegation to the 27th Regular Session of the Assembly of the International Maritime Organisation in London (l-r Permanent Representative to the IMO Paul Farquharson; IMO Secretary-Gener-al Efthimios E Mitropoulos; Bahamas Maritime Authority (BMA F air; BMA vice chairman Peter Goulandris; BMA director and CEO Commodore Davy Rolle; and Captain Doug Bell, BMA deputy director. Share your news The Tribune wants to hear from people who are making news in their neighbour hoods. Perhaps you ar e raising funds for a good cause, campaigning for impr ovements in the ar ea or have won an award. If so, call us on 322-1986 and shar e your stor y
LOCAL NEWS THE TRIBUNE TUESDAY, NOVEMBER 29, 2011, PAGE 7 D ELTA has added a flight to Nassau from New Yorks LaGuardia Airport as the airline expands its reach into the Caribbean and parts of the United States. Seats for daily flights from LaGuardia w ent on sale November 12 at delta.com a nd at other ticket outlets. The New York to Nassau flight also comes withan attractive introductory fare of $99 plus taxes and fees, one way, in either direction. Deltas latest expansion in New York City manifested 12 new daily flights to 11d omestic and Caribbean destinations, to c ome on stream in spring and summer 2012. In March, Delta will add new flights between New York-JFK and Santo Domingo and Santiago, DominicanR epublic; and San Juan, Puerto Rico. T he airline will also launch a number of new domestic flights. The new and expanded Caribbean routes will serve significant local demand for flights to those markets, a Delta official said. Our expanded service to these key C aribbean and domestic destinations r einforces our ongoing commitment to our customers in New York, said Gail Grimmett, Deltas senior vice president for New York. With our planned expansion at L aGuardia Airport, and our terminal r enovation and expansion at JFK, Delta is continuing to position itself as the preferred carrier for customers travelling to and from New York. Delta is currently building an expanded concourse as part of a $1.2 billion project to enhance Terminal Four at John FK ennedy International Airport. DELTA ADDS FLIGHT TO NASSAU FROM NEW YORK A BUSINESSMAN yesterday criticised the ongoing road works, which he s aid forced the closure of one of his businesses. Steve Beneby, owner of Steves Cafe, said the absence of a support system for affected businesses during the New Providence Road Improvement Project is as ign of poor planning by the government. M r Beneby was joined by members of t he Democratic National Alliance, which a lso criticised the governments handling of the multi-million dollar project. Leader Branville McCartney said: We h ave a situation that has affected people and has been affecting people since 2008 t hat will take us straight to 2012, this same time, and we have not really heard anything of any significance from this government. Weve asked questions and many t imes when we ask questions the leader o f that particular party says he doesnt h ave to answer any questions. M r McCartneys remarks followed reports that the road project will end $40 million over budget in September next y ear. It was revealed in August by Tribune B usiness t hat cost overruns led the g overnment to request an additional $12.5 million from the Inter-American Development Bank (IDB The supplementary financing takes total borrowing up to as much as $155 million. T he DNA has demanded that the gov e rnment launch an investigation into the road projects economic impact, and establish a discretionary fund to assist a ffected businesses. F rustrated by the apparent lack of concern about his livelihood, Mr Beneby s aid the total number of businesses and employees hurt by the road project outw eighs the governments job stimulus e fforts. He said: They brag about providing 425 jobs for the guys on the road doingt he road work, but lets talk about how many businesses are out of business and how many employees are unemployed, and lets do the maths on that. It is very difficult, for the period of about a year and a half now, to conduct business (during road works g overnment hasnt done anything to m ake it conducive for any of the businesses to continue operating in this area. M r Beneby said he was forced to close one of his two businesses on Robinson R oad as well. T he road works have negatively impacted all businesses along Robinson Road and East Street, up to Indepen-d ence Drive, he said. Other suggestions from the DNA included the use of state resources to promote affected businesses and improved etour signs. Businessman hits out at road works THE ONGOING roadworks in New Providence have been blamed for the closure of one business, while Branville McCartney has raised other questions about the roadwork programme.
LOCAL NEWS PAGE 8, TUESDAY, NOVEMBER 29, 2011 THE TRIBUNE B y JOHN HEDDEN IN PREVIOUS articles, I have discussed the existing and historic status of agriculture as a part of Bahamianc ulture and food provision. W e have examined the fact that farming and farmers, in spite of the political rhetoric, are nothing more than the outside children of the modern Bahamian economy. I f we look at our large n eighbour, the US, we will see that some 200 thousand people are active farmers; and these feed the population of some 330 million souls. Furthermore, the majority o f these are small homestead t ype holdings. Agricultural production in the US easily feeds its population, and leaves large excesses to be exported too ther countries. Contrast this with the Bahamas. Here we have some 2,000 registered farmers and a total food bill of some $700 million of imported producta nnually for a population of some 330,000 souls. In the US, two farmers feed 3 ,300 people adequately. In the Bahamas, two farmers cannot feed 330 people at a ll. I have drawn the above comparison to roughly illustrate the present capability of local production in feeding its own people. I expect politicians and p undits will argue their case a nd justify their rationale in countering my statistics. No matter. What matters is t he question below. What is the existing nationa l government policy towards a griculture, and where will t his policy lead us self-sufficiency? Sustainable agriculture? T he most apt answer to this was presented by the minis ter of agriculture, Larry C artwright, in August 2010 w hen he announced the fiveyear plan for agriculture in the Bahamas. H e presented a seven-fold strategy for agriculture which would result in a foundation f or sustainable growth and development of the sector. T his included education, marketing, technology transfer, institutional strengthen-i ng at ministry, research and development improvements, legislation and regulation improvements, and upgrading of physical infrastructure. In other words, he stated that in 2010, agriculture was ina serious state of disrepair. In 2011, it still is. Now some questions. What is the status of BARTAD (now BARC This was a multimillion doll ar project funded by the US g overnment as a gift to the people of the Bahamas in the 1970s. T he purpose of this project was to foster local agricultural research, training andd evelopment. T he Americans handed a fully equipped and fully functional institution, with an excellent reputation, over to the Bahamian government. Within a few years, the w hole project had collapsed. What has happened to the Potters Cay Produce Exchange? T his was set up to assist with marketing for the local f armers. What ever happened to t he feed mill set up at CAS (now GRAC What ever happened to the Bahama Breed of sheep? This breed was designed a nd bred specifically for good meat production in our climate. It no longer exists. Why? What has happened to the Packing House network specifically set up, and fullye quipped, to deal with product grading, packing, and shipment from the islands toN ew Providence where the market is? What has happened to t he island extension services, t he fish and farm supply store, the fruit and vegetable variety trials, the Plant Propagation U nit, the pasture trials, and on and on, and, on? Why is the Ministry of A griculture attempting to r einvent institutions and infrastructure that should already be in place? Have we been wasting taxpayers money all these years? What about the staffing of the Agriculture Department? Are some of these the same staff of those lost years? I believe the estimated cost of the governments new plan i s some $40 million about the same as what was allocate d for the now forgotten and failed projects. I s this an example of sustainability? Are we in for another lost investment by thet axpayer? As usual there is much talk, but no action. We are now into year two of this miracle plan. According to the plan, in year one, the governmentw ould: train farmers in good agricultural practice (GAP assess island needs and increase credit access promote benefits of local p roduce and educate cons umers. promote GAP to reduce post-harvest losses train extension staff. demonstrate cost-effective fruit production systems research disease and cropp ing problems expand plant propagation facilities. improve packing house systems Perhaps the minister, a nd/or the director, would demonstrate the progress in these areas with facts, and not words. I am sure the farming sec tor would appreciate being d irectly involved in this wonderful programme. I wont even begin on what is meant to happen in this p resent second year of the plan. The only move towards i mproved agricultural production and marketing seems to be coming from BAIC, which is working outside of the plan, and the direct support of the ministry. Could the answer be to fire t he ministry and let BAIC take over? At least we will save the $40 million and thea ttenuating salaries of hundreds of staff. Any effective policy for a griculture must involve the p rivate sector in any and all decision making processes; implying that the people with t heir feet in the soil should be cultivated and harvested for ideas and innovations. I n my opinion, the plan, r equested by the government from the Food and Agriculture Organisation and since adopted by Cabinet, says absolutely nothing new. I t is simply a rehash of what h as been well known for at least 40 years. In terms of sustainable agriculture and food security, we need to get real. O ur climate is good, our s oils are not. Our water resources are limited and very fragile. Our labour is expensive and not very productive. Our land fetches more as r eal estate. We have no natu ral agricultural inputs to make us competitive. But, as long as we understand that all of our inputs will have to be imported, and that we need a good soli d permanent agricultural p olicy including access to land, we will be able to lower our food import bill and provide an opportunity for genuine farmers to make al iving and develop a sense of pride. Along with this, we need a dedicated, well-educated, and well practiced, support team at the Ministry of Agriculturet hat does not need an air-conditioned working environment. F arming takes place in the fields, not in the office. The real answer lies in the i nstitutional adoption of a d efinitive agricultural policy that is written in stone, being impervious to political manipulation no matter the politics of the day, with Prime Minist er as king. U ntil agriculture is treated a s an inside child and given a share of the table and the bed, nothing will change. T he only self-sufficient facet of farming in the countryt o date is the amount of hot a ir produced, that could and s hould be diverted to the sustainable curing of our annual onion crop. N ow that is innovation. An effective agricultural policy? JOHN H EDDEN holds degrees in botany from UWI Mona Campus and University of Reading UK and graduated from GovernmentH igh School, Nassau, Bahamas. He has worked as a horticulturali st for the USAID project BARTAD Andros and the Ministry of Agri culture. He is now trying to establish a modern demonstration fruit and vegetable farm. He lives on Abaco and has worked withf armers there for the past 25 years. JOHN HEDDEN a rgues that agricult ure in the Bahamas is in a serious state of disrepair and needs action to remedy the sector.
Also the passenger side of the companys $10,000 HondaO dyssey was damaged. Mr Johnson said smoke consumed the inside of his home, only leaving him and his young child one way out. I ran through my side door a nd I basically threw my son over the fence in the grassy area on the southern side ofmy house because he could not climb over the wall. Although my son is trau matised, I am happy that we got him out of the house, Mr Johnson said. Luckily, said Mr Johnson, a speedy response by the Elizabeth Estates Fire Department, prevented serious dam-age to his home. I was thinking that my house was going to burn down, because if they had to come from East Street my house would have been burnt. But when I heard them I was so happy, he said. Police have gathered subs tantial evidence, and Mr J ohnson said he is optimistic t hat the arsonist will be taken i nto custody. (The officer c harge of the cyber crimes unit of the police force came in and viewed the tapes from the security cameras. The tape, said Mr Johnson, gave an accurate account of the minutes leading up to the incident. We saw a black male who walked from the southern side of my property. The man then walked right in the front to my double gate where the cars were parked. He looked around to see if anyone was looking and then he looked like he took something from under his shirt, probably the bottle. He lit it and we saw where he raised it and threw it at the Porsche SUV. The video footage, said Mr Johnson, was also able to record the culprit's face. Hopefully after the police have done their investigations, they would have a clear idea o f who is responsible. The video just needs to be cleaned and enhanced, he said. Mr Johnson is asking any one with information to contact the Elizabeth Estates police station at 364-8996 or t he Elizabeth Estates Fire Sta tion, 324-2600. W hile Mr Smith would not classify what the decision is that has to be made, it hasb een speculated that the form er Member of Parliament m ay in fact run again for Exuma. He said: If Mr Moss gets t he PLP nomination, it will w eigh heavy on my mind and force me to make a decision.H owever, I hope it does not c ome to that and Danny Strachan gets the nomination instead. M r Smith has gone on r ecord opposing the nominat ion of Mr Moss to once again run in Exuma under the Progressive Liberal Party. He said while it is not personal, Mr Moss has not met the standard to be able to rep r esent the people of Exuma once again. He has not met up to the s tandard which I think would p ass in terms of being reelected. I think he is well intended and means well but he just cant execute, he said. Its nothing personal, its not about personal friend ships, its about politics and the art of doing what is best for the country and the con stituency. If you look at the results of the last election, he d id not win his seat by a com fortable margin, I think it was by 65 votes. Exuma is going to b e a hard-fought seat and we need someone to run there who can guarantee us a win a nd that someone is Danny S trachan. F or his part, Mr Smith said he believes Mr Strachan out of all of the other would-be c andidates that have been named thus far for Exuma is the most capable person around which a campaign can b e forged for 2012. There is no way that Mr M oss can win. I promised my d ear friend, the Deputy L eader of the party that I will try to avoid making direct comments about Mr Moss, but it is no secret that I throw my support behind Danny, Mr Smith said. As strong a PLP as I am, a s much as I would want us to w in, it would be wrong of me to support someone who cannot play a role in the social and economic recovery of Exuma. Mr Strachan has been seeking the PLP's nomination for Exuma from 2002, when Mr Moss first gained the PLP's nod to run in thea rea. He is the chairman and c ommodore of the National F amily Island Regatta, and t he vice president and Trea surer of the Exuma Founda tion. LOCAL NEWS THE TRIBUNE TUESDAY, NOVEMBER 29, 2011, PAGE 9 NOTICE is hereby given that MURLEAN PARAGUE of WINDYPINE SEABREEZE, P.O. BOX EE 17641, NASSAU, BAHAMAS is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 29TH DAY of November 2011 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.NOTICE NOTICE is hereby given that INDERAPARAGUE of #8 MARIAGALANTE ROAD, P.O. BOX EE 17641, NASSAU, BAHAMAS is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 29TH DAY of November 2011 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.NOTICE f f r r o o m m p p a a g g e e o o n n e e f f r r o o m m p p a a g g e e o o n n e e the same acquaintance for $ 50,000. She added that this transaction was also approved through the bank by the same employee who processed the first loan. Yesterday, she questioned why the cars history was notp icked up by bank officials before they approved both transactions. The loan was approved and I didn't think anything was wrong. There was no need for my antenna to be r aised if my bank is saying everything is fine. Both of these vehicles were insured comprehensive, if anyone would have access to see ift hese vehicles were stolen it should have been the bank or i nsurance company, said Ms Penn. She said the ordeal has hurt her reputation by creating the appearance that she was involved in illegal activity. This has tarnished my reputation and my business b ecause it appears that I brought those vehicles in, she told The Tribune I had the vehicles for a year and a half and then Customs came h ere with a notice of seizure f or both of my cars without any explanation and treated me like I was a criminal. She said she plans to file a lawsuit against Bank of the Bahamas and the person whos old her the cars. A ttempts to reach Bank of the Bahamas head Paul McWeeney for comment yesterday were unsuccessful. He was said to be out of office. In July, The Tribune r evealed that a multinational i nvestigation was underway into a car smuggling ring. The ring has imported and resold dozens of stolen high-end vehicles in Nassau. T his investigation has r evealed that at least 85 persons so far have purchased high value vehicles ranging from Mercedes, BMWs, Lexus, Jaguars, and Hummers that have all been stolen outo f New York and Miami. T hese vehicles, which are labelled as having been damaged or wrecked cars to account for their drastic decrease in value are smuggled to the Bahamas in cont ainers by a local dock at the M iami river and off-loaded at night at Arawak Cay. According to The Tribunes information, victims of this scam have ranged from wellk nown businessmen, current p olitical candidates, Lyford Cay residents, attorneys, doctors, numbers house operators, retail food store owners and the like. As a part of their investig ation, the police will reporte dly begin to cross-check the VIN numbers and registration details of all the luxury cars on the island with the records currently being held at the Customs Department. A ny vehicle, which cannot be p roven to have been landed and cleared by Customs, they said, could be a part of this overall scheme. f f r r o o m m p p a a g g e e o o n n e e Funeral home hit by car scam This has tarnished my reputation and my business because it appears that I brought those vehicles in. I had the vehicles for a yeara nd a half and then Customs came here with a notice of seizure for both of my cars witho ut any explanation and treated me like I was a criminal. Denalee Penn If Mr Moss gets the PLP nomination, it will weigh heavy on m y mind and force me to make a decision. However, I hope it does not come to that and Danny Strachan gets the nomination instead. G G e e o o r r g g e e S S m m i i t t h h BUSINESSMAN IN ARSON A TTACK SMITH CONSIDERS EXUMA CHOICE
By NEIL HARTNELL Tribune Business Editor AN ECO-FRIENDLYboutique resort operator yesterday said it was aiming to invest between $3-$4 million, spread over two phases, in establishing a flagship presence at the front door to the southern Bahamas through taking overa Rum Cay property. Unveiling the agreement to brand, and ultimately take man agement control of SumnerP oint Marina and Villas, Mark Ellert, president of Guy Har vey Outpost Resorts, told Tribune Business that the company aimed to take its second Bahamian property to the next level by taking a lemon and making it into lemonade. Fresh from its acquisition and re-opening of the revamped Bimini Big Game Resort, Mr Ellert said Guy Harvey would look to grow Sumner Point slowly and organically, and in proportion to Rum Cays size the island has roughly 60 permanent residents. Telling Tribune Business that Guy Harveys controlled expansion plans might ultimately create up to 20 addi tional full-time jobs, Mr Ellert said the company had been attracted by Sumner Points strategic location on the northsouth boating routes through the Bahamas and into the Caribbean, and its proximity to $4. 68 $4. 51 $4. 69T he information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $5.19 $5.19 $5.17 T HETRIBUNE SECTIONB email@example.comTUESDAY, NOVEMBER 29, 2011 By NEIL HARTNELL Tribune Business Editor BAHAMIANhomeowners are likely t o experience insurance premium increase s ranging from the mid-single digits to low double digits in 2012, a leading u nderwriter warned yesterday, although rates are only likely to reach per c ent of their historical peak. P atrick Ward, Bahamas Firsts president and chief executive, confirmed to T ribune Business that the property and casualty insurer had already informedi ts agents/brokers of the impending i ncrease, indicating that Hurricane Irene together with the most expensive year e ver for the global insurance industry h ad made catastrophe premium rises almost inevitable. I think that whenever youve got a hurricane scenario that impacts the Bahamas, the likelihood is thats going toh ave an impact on property rates on an across the board basis, and in certain l ocations it will be even steeper than others, depending on how losses are dist ributed across the country, Mr Ward s aid. If you add in the fact this is the most e xpensive year on record for the insurers and reinsurers, when you aggregate the losses....... W hile no specific event stood out, Mr Ward said the recent flooding in ThaiBy NEIL HARTNELL Tribune Business Editor GRAND BAHAMA POWER COMPANY yesterday admitted its rate structure did not hold it accountable for inefficiencies, something it pledged to remedy by summer 2012, adding that its total system losses were some 3.2 percentage points below the Caribbean regional average. Responding to detailed questions submitted by Tribune Business, Grand Bahamas power company said it had been working with the Grand Bahama Port Authority (GBPA adjust its rate structure, adding that the current set-up also acted as a disincentive to invest in capital expansion projects. It added that total system losses, as a percentage of electricity genB y NATARIO McKENZIE Tribune Business Reporter firstname.lastname@example.org THE Governments self-starter program has generated a business success rate of 63 perc ent, with $2.3 million having been disbursed s ince its inception in July 2007 up to October 2011, according to a report tabled in the House of Assembly yesterday. T he report, tabled by Minister of Youth, Sports and Culture, Charles Maynard, showed that while 295 entrepreneurs were successfult o-date, 87 businesses, or 19 per cent, that it financed have been dissolved. Collectively, these failures accounted for $393.608 in tax-p ayer grant funds thart have failed to bear fruit. Mr Maynard said the total number of appli c ations submitted for the self-starter program b etween July 2007 and October 2011 was 1,064, and of that number 508 persons received grants. The success rate of self-starters far exceeds that of the formal private sector, which sees seven out of every 10 businesses fail withint heir first three years of operation, Mr May nard said. The study also revealed that among the 508 businesses surveyed, 287 persons have been employed among 116 companies. B ahamas Chamber of Commerce and Employers Confederation (BCCEC By NEIL HARTNELL T ribune Business Editor THEBahamas Electricity C orporation (BEC been left smelling like a rose by its Grand Bahama counterpart, which pro-d uced data showing the form ers electricity tariffs are very, very competitive w hen measured against the Caribbean. While its own regional comparisons show Grand Bahama Power Company is in the middle of the pack, Guy Harvey to take over second Bahamas resort via Sumner Point s Rum Cay Phased investment, with $1m upfront and $2-$3m second phase Aim to double resort s core Boating and scientific research possibilities key attraction SEE page 5B PROPERTY PREMIUMS IN LOW DOUBLE DIGIT RISE Bahamas First chief says insurer will know in two weeks extent of increase to be carried by consumers But rise only set to reach % of peak highs A. M. Best rating endorses Bahamas carrier SEE page 8B GB POWER: ENERGY RATES DONT HOLD US ACCOUNTABLE Working on new structure with GBPA to b e implemented by summer 2012 Provides no investment incentive either Utility says total system losses 3.2% pts below Caribbean average at 9.5% SEE page 3B BEC SMELLS LIKE A ROSE Cost comparisons rank BEC third in Caribbean sample, with Grand Bahama Power sixth Chair says shows Corporation very, very competitive SEE page 6B MICHAEL MOSS SELF-STARTER ENJOYS 63% SUCCESS RATE SEE page 7B
B y NATARIO McKENZIE T ribune Business Reporter email@example.com THE CUSTOMS Department was forced to shufflea round staff on Friday, its Comptroller confirmed to Tribune Business, as dozens of officers citing a number of grievances went on strike. Glen Gomez said: There w as, in some areas, a scarcity o f staff. Because of that we had to shuffle people around to make up for the absencesa t the beginning of the day. We moved people around, so there were no sta tions closed. There was init ially a little inconvenience to some of the public because, when they showed up at 8am, f or instance, to some of the docks, there were only two p ersons there. Once we found that out we were able to move staff in place to address that problem. M r Gomez added: The officers came up here. They said they had been directed by their union, citing certain matters that they felt were not being dealt with to their sat isfaction. I spoke with their union at length, and we came to an understanding on some of thet hings we were addressing, b ut I guess some of the staff may not have been aware of i t. There are some matters we are going to look at, and some we wont be able to do verym uch with, because another department is dealing with that at this time, which againt hey may not be aware of. The matters that we are addressing we will continue to address. They raised a coup le of new matters and we will try to resolve those in the next two weeks. They were talkinga bout overtime; some persons w ere concerned at the airport about being able to get to their cars, parking in someo ther areas, and some at the dock were concerned with some things they had seen t hat they thought might have been mould. We had some engineers go in and we will get a report next week to find o ut whether it is that or some thing else. Tribune Business was u nable to contact executives of the Bahamas Customs, Immigration and AlliedW orkers Union (BCIAWU However, it understands that some of the grievances raised by Customs officers revolvea round health and safety concerns, proper vacation leave and allowances. BUSINESS PAGE 2B, TUESDAY, NOVEMBER 29, 2011 THE TRIBUNE Job OpportunityHotel Chief Maintenance Engineer The Chief Maintenance Engineer is responsible for maintaining the overall operation of the maintenance department and the appearance and working order of the hotel. The successful candidate must be able to work independently, as well as, with others. Responsibilities include but limited to: maintaining the exterior of the building, parking lot, and common areas, maintaining all equipment in guest rooms, conducting daily, weekly and monthly safety inspections and training the staff on safety and emergency procedures, and working with vendors. The Chief Maintenance Engineer must be willing to respond to emergencies, even if after hours, and work with corporate maintenance on special remodeling projects or capital expenditure needs. This positionrequires overall maintenance knowledge and troubleshooting ability with skills in painting, HVAC, carpentry, equipment, and tool usage. Aminimum of firstname.lastname@example.org S TRIKE CAUSES STAFF SHUFFLE AT CUSTOMS G LEN GOMEZ By NATARIO McKenzie Tribune Business Reporter n email@example.com K entucky Fried Chicken (Nassau tives and the Bahamas Hotel, Catering and Allied Workers Union (BHCAWU locked in a meeting yesterday with labour minister Dion Foulkes late into the evening ina bid to resolve outstanding issues. B HCAWU vice-president Darren Woods, when contacted by Tribune Business late yesterday, said: We are on a break right now but we are still here in the meeting. Talks are still ongoing. I really dont know how much longer we will be here. Last week, KFC warned that its survival h inged on negotiating a reduced wages and b enefits package for its line staff, saying this was more than double the industry average and making the company uncompetitive a gainst ever-increasing competition. It said that while the company was subject to the same operating costs as its competitors, its wage and benefits package was more than two times higher, describing this as unsustainable and needing to be reduced in a new industrial agreement. It said it was operatinga t a disadvantage as a result. Mr Woods, though, argued that negotiations on a new industrial agreement had nothing to do with the Christmas bonuses. He told Tribune Business that the company had claimed last year it was experiencing difficult ies, and made that known in early June, t hough ultimately they were still able to pay out Christmas bonuses. He said that this time, KFC has only given a two-and-a-half-week notice that it cannot payC hristmas bonuses, a move he said employees KFC AND UNION LOCKED IN TALKS SEE page 8B
By NEIL HARTNELL Tribune Business Editor THE COURT OF APPEAL has urged that the law be changed to give medical practitioners a right to be heard if their registrations are refused, after branding the Bahamas Medical Councils reasons for rejecting one such application as unsatisfactory and unconvincing. Describing the Councils handling of a registration application by Dr Chinnakaruppan Shanmugavel as unpredictable, the appellate court said its rejection was arbitrarily and capriciously made, and that in not affording the appellant a right to be heard, it acted unfairly and unlawfully. Setting out the background to its ruling in favour of Dr Shanmugavel, the Court of Appeal said the case stemmed from the Bahamas Medical Councils decision to refuse his January 2011 application for registration to practice medicine as a private practitioner in the Bahamas. A qualified medical doctor, Dr Shanmugavel had been employed by the Public Hospitals Authority (PHA radiology from September 10, 1997, to May 1, 2010. He was applying for registration that would enable him to leave the PHA and go into private practice, working for Dr Elizabeth Darville. Interestingly, during [Dr Shanmugavels] employment with the PHA, he was duly registered and licensed by the [Council] to practice medicine in the Bahamas as a person employed in a medical capacity on a full-time basis in the public service...., which required him to be a fit and proper person to practice medicine in the Bahamas, the Court of Appeal found. However, when he made application for registration as a private medical practitioner on April 12, 2010, it was tersely refused by letter of April 29, 2010, to the appellants prospective employer, Dr Elizabeth Darville...... Succinctly, the appellants application was refused notwithstanding he remained medically qualified, had not been declared unfit or not a proper person to practice medicine in the Bahamas, and held a work permit from the Department of Immigration to engage in private medical practice until April 6, 2011. Dr Shanmugavel then requested reasons for the refusal in a September 2, 2010, letter and, when no explanation came, filed an appeal on October 27, 2010. Quite notably, immediately following the filing of that appeal, the [Council] was spurred into action and approved the appellants application, the Court of Appeal found, noting that this took place on the following day, October 28. Dr Shanmugavels appeal was withdrawn, but the October 28 letter from the Bahamas Medical Council did not give a date for his registrations start. The certificate of registration he subsequently obtained, though, showed he was only registered for two months from November 1, 2010, to December 31, 2010. This forced Dr Shanmugavel to again apply for registration to the Bahamas Medical Council from January 1, 2011, and this was again refused. The same process was repeated: Dr Shanmugavel received no reply to his request to explain the decision, he filed an appeal and the Bahamas Medical Council finally gave its reasons. Dr Percival McNeil, the Bahamas Medical Councils secretary, said the reasons included Dr Shanmugavels alleged seeking of a work permit and registration as a private practitioner while still employed at the PHA; his resignation without giving the notice period required by the PHA contract; jeopardising patients needing radiology by leaving the department shortstaffed. The Council also said Dr Shanmugavel applied for a work permit without reference to it, and failed to comply with Bahamian immigration laws by leaving the Bahamas while his work permit was being considered. Indicating that the Bahamas Medical Councils handling of Dr Shanmugavels application was just a little odd, and may have lacked total transparency, the Court of Appeal found: The [Council] sought to explain its actions for refusing the appellants registration in April 2010, granting it in October 2010, and refusing it in January 2011, by saying the information on which it relied to determine the January 2011 application was not known to it until December 2010. We do not accept the [Councils] unsatisfactory and unconvincing excuse. Under Section 9 of the Medical Act, the Court of Appeal said a doctor was entitled to be registered, unless they became unqualified, were disciplined or suspended. It added that the critical issue was whether there was evidence of misconduct by Dr Shanmugavel, such that the Council could find he was not a fit and proper person to practice medicine in the Bahamas. While Dr Shanmugavel applied for registration while e mployed by the PHA, and did not give the required notice, the court said this did not warrant the Bahamas Medical Councils rejection, and the alleged contract breach was irrelevant in the circumstances. The only possible ground the Council had was that Dr Shanm ugavels failure to give notice jeopardised patients requiring the PHAs radiology service. Yet the Court of Appeal found that while the timing and manner of his departure was inconsiderate, and may have increased other doctors workloads, there was no evidence to show endangered p atients were abandoned or their health jeopardised. Appeal Justice Blackman, adding to court president, Anita Allens, judgment, said that while the Councils members were appointed by the Minister of Health, it was not an extension of the Government. As a result, it d id not need to concern itself with immigration laws and personnel issues. Two senior PHA officials had known of Dr Shanmugavels intention to resign, even giving him letters of recommendation. As a result, the Court of Appeal found the Councils rejection of his application unreasonable. Dr Shanmugavel had also complained he was not given an opportunity to be heard, in breach of the rules of natural justice. The fact he was not allowed this was not disputed. The Court of Appeal said: It seems to us that whether it is a case of natural justice, or fairness, or the right to a fair hearing, given the status of the appellant as a m edical doctor, his expectation that he would be registered in as much as he had been previously registered, and he knew of no complaints against him, and the serious consequences of the [Councils] decision, namely the possibility of ruin to his professional career, there was an obliga tion to hold a hearing, whether to give the appellant an opportunity to influence the respondent of for securing a fair process. And the court added: We are strongly of the view that the Act and Medical regulations ought to be amended to ensure this basic procedural protection for applic ants in the appellants situation. We believe that the decision by the [Council] was arbitrarily and capriciously made, and that in not affording the appellant a right to be heard, it acted unlawfully and unfairly. Employment Opportunity Crane MechanicsREQUIREMENTS: Or NO CALLS PLEASE BUSINESS T HE TRIBUNE TUESDAY, NOVEMBER 29, 2011, PAGE 3B COURT URGES MEDICAL ACT AMENDMENT Says doctors must have right to be heard if registrations denied Medical Councils reasoning unsatisfactory and unconvincing Unpredictable conduct slammed erated, stood currently at 9.5 per cent, below the regional electricity utility average of 12.7 per cent. In its response, Grand Bahama Power Company said its majority shareholder, Canadian utility giant Emera, upon acquiring just over 80 per cent of its shares in early 2011, inherited a GBPA-approved formula or calculation that determined what and how we were allowed to charge customers. The rate structure, it added, as unacceptable from two perspectives it discouraged shareholders from investing in Grand Bahama Power Company because there was no guarantee they would enjoy a return, and also failed to held the utility accountable for the problems produced by its own internal inefficiencies. Emera decided it wanted to make changes to that rate structure, and has been working with our reg ulators since the beginning of this year to make that happen, Grand Bahama Power Company said. We want to address two major issues. One is investing in the company. While we cannot speak asto what the thinking was of other owners, we can say that the way the rate structure is set up now doesnt encourage owners to invest in the company, because it basically says you can invest but we cant guarantee you will get anything back for all your investments. That just isnt a good business practice, and so the new structure will address that. And the utility added: The second issue is the current rate structure doesnt include targets that hold Grand Bahama Power Company accountable for inefficiencies. The new rate structure that we requested will. What it will do is give Grand Bahama Power Company targets that say it should take you X amount of fuel/money to run your plant and keep the power on. If you dont, then you have to take the hit for it and absorb the extra costs. This request was made by Emera to make Grand Bahama Power Company more accountable to our customers, and to make the way we operate and do business more transparent. We have been hard at work with our regulators to have this new rate structure approved and in place for when the new West Sunrise plant is online in July 2012. Asked about the current level of losses from its transmission/distribution system, Grand Bahama Power Company said technical losses (electricity lost when it is being distributed down lines across the grid) stood at 4.9 per cent of total power generated. Non-technical losses (losses due to theft, such as meter tampering and illegal hook-ups) stood at 4.6 per cent of total power generated. We have been making improvements since early 2010 to reduce the system technical losses from 5.7 per cent to the current 4.9 per cent, and will continue to work on reducing those numbers, Grand Bahama Power Company said. Likewise, an audit of our systems in 2009-10 reduced non-technical losses by approximately 2 percentage points. Grand Bahama Power Company also pledged to remove from customer bills the $0.029 per kilowatt hour (kWh charge, in a bid to cover the cost of bringing in rental units to supplement its generation capacity. It said this would happen once the rental units were returned. Noting that it could not depend on our better performing units to deliver reliable elec tricity supply. This decision was made for two reasons, Grand Bahama Power Company said. The first was to protect Grand Bahama Power Company customers from having the rolling blackouts that they had last summer, when Grand Bahama Power Company was owned by a different company. The second was that our information showed that given the condition of our current generation plant, we couldnt depend on our better performing units to supply even unreliable power to the island. Instead, we would have had to rely more on our less efficient units that are more expensive to run. The efficiency of the plant refers to the amount of elec tricity we can generate per barrel of oil. For these reasons it made sense to bring in the rentals, because without them customers would be experiencing the same (or higher er wouldnt stay on. Grand Bahama Power Company also denied it was locked into a long-term fuel supply contract with FOCOL Holdings, saying it put its heavy oil contracts out to tender regularly. The fuel that we get from FOCOL is No.2 fuel. The amounts we use of that are so small, about 15 per cent of our total fuel needs, that it is difficult to get large players in the market to even want to bid on such small quantities, the company added. GB POWER: ENER GY RATES DONT HOLD US ACCOUNTABLE FROM page one
Employment Opportunity Manitowoc Container Crane Operators Liebherr/Gottwald Mobile Harbor Crane OperatorsREQUIREMENTS: EXPERIENCE: PHYSICAL REQUIREMENTS: E-mail: firstname.lastname@example.org Or Fax: (242 On or before December 9th 2011 NO CALLS PLEASE SUPREME COURTGN-1343 B USINESS THE TRIBUNE TUESDAY, NOVEMBER 29, 2011, PAGE 5B key scientific research sites. We reminded our partners that the threshold at the outset, when Guy Harvey started, was that 30 degrees north and south of the equator theres loads of real estate in remote locations, Mr Ellert explained. We found one, and know theres hundreds of islands in the Bahamas that f it this thesis. Guy Harvey had been eyeing Rum Cay for a number of years, he added, going back to 2006 when Rock Resorts was looking at branding Montana Holdings proposed Rum Cay Resort Marina. Tracing the origins of discussions with Sumner Points current owner, Bobby Little and his family, Mr Ellert said Montana Holdings and its p rincipal, John Mittens, had itself previously signed an agreement to manage the property with an option to purchase. Montana Holdings had taken over management responsibility for Sumner Point while issues relating to land title and regulatory approvals, essential to concluding its purchase, were dealt with. Then the global recession intervened, which ultimately led to a dispute between Mr Little a nd Montana Holdings. The outcome of that, Mr Ellert said, saw Mr Little regain control and re-open Sumner Point a process that took two years, with Montana Holdings leaving the picture. Guy Harvey first held discussions with Mr Little when on the cusp of these developments, and the latter eventually circled back around to hem. From our standpoint its an opportunity to put our flag in the southern Bahamas, which we cons ider the gateway in and out of the Bahamas Mr Ellert told Tribune Business. Were excited about the opportunity to have that presence at the front door to the southern Bahamas as boaters will be working their south. This is the principal jumping off point, because between here and Providenciales its open water. Were trying to take what Sumner Point has always been and take it to the next level. T ogether with the likes of San Salvador and Cat Islands Hawks Nest, Mr Ellert said Sumner Point was a major transit point for boaters from south Florida passing through the Bahamas on their way into the Caribbean. They have to go right past Rum. Its the last chance saloon, he added. And for boaters coming north, Sumner Point was the first major point of entry into the Bahamas, especially given that a bout 200 miles of sea separated it from the Turks & Caicos. Explaining the phased approach Guy Harvey was taking with its second Bahamian resort property, Mr Ellert said it had entered into a license agreement, whereby Mr Little for the momentwill continue to manage Sumner Point under the aegis of the brand standards. Guy Harvey, meanwhile, is applying to the Government for itself to take over management o f the resort and its 28-slip marina, a process it hopes to complete by the middle of 2012. Outlining the planned first phase upgrades, Mr Ellert said Guy Harvey planned to install additional piers to provide 2,000 linear feet of dock space. Decking will be rebuilt and slips extended to accommodate larger boats, the company undertaking a reconfiguration of the whole facility. S umner Points five rental cottages, consisting of four beachfront units able to accommodate six persons, and a two-bedroom beachfront house, will be renovated, as will the resorts restaurant. Our goal is come Memorial day 2012, which is the start of the US boating season, we will be off to the races, Mr Ellert told Tribune Business. At the end of summer we will start work on phase two, which is a bit more ambitious. That, hopefully, will be completed by Memorial Day 2013. Our phase one is $1 million or so, and phase two a couple of million at best, $2-$3 million. Management is not that complicated. Its a very small property. The staff there is a core staff of probably about 10-15, depending on who you count as full-time or part-time. Were definitely one of the main employers on the island. Mr Ellert said the phase two expansion consists of adding eight new accommodation units around a new pool complex adjacent to the existing restaurant, along with an upgraded marina and new pool room. Were going to create a research field station, and add an area for spot treatment, he added. That will, in effect, double the size of the existing core. A retail area and artists village are a lso planned. Mr Ellert told Tribune Business that Guy Harveys longer-term goal was to partner with property owners near Sumner Point, with the aim of getting their cottages and villas into a managed rental programme. Adding those existing properties to Sumner Points existing accommodation, he said, would provide enough beds for 40-50 people. A nd, just as important, given Guy Harveys environmentally friendly philosophy, which involves a major focus on ecological research, is Rum Cays proximity to key scientific locations. Apart from fantastic fishing and diving, Mr Ellert said : Its all about finding a scientific perspective for a destination. The Bahamas has lots of remote island destinations The appeal of Rum Cay is the proximity to Conception Island,a nd to do some real time research in shark and coral preservation. He indicated that the Guy Harvey Research Institute was looking to partner with Novasoutheastern University, and its School of Oceanography and Coral Reef Institute, in its research efforts. Multi-million upgrade for southern flagship FROM page one
BUSINESS PAGE 6B, TUESDAY, NOVEMBER 29, 2011 THE TRIBUNE N O T I C E CHALLENGER ASSETS LIMITED N O T I C E IS HEREBY GIVEN as follows: (aCHALLENGER ASSETS LIMITED is in voluntary dissolution under the provisions of Section 138 (4 International Business Companies Act 2000. (bThe dissolution of the said company commenced on the 04th October, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Tang Yang Dated this 07th day of October A. D. 2011 _________________________________ Tang Yang Ping Liquidator N O T I C E CEDARAN HOLDINGS LIMITED N O T I C E IS HEREBY GIVEN as follows: (aCEDARAN HOLDINGS LIMITED is in voluntary dissolution under the provisions of Section 138 (4 International Business Companies Act 2000. (bThe dissolution of the said company commenced on the 04th October, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Tang 039393. Dated this 07th day of October A. D. 2011 _________________________________ Tang Yang Ping Liquidator N O T I C E MOUNT FABER LIMITED N O T I C E IS HEREBY GIVEN as follows: (aMOUNT FABER LIMITED is in voluntary dissolution under the provisions of Section 138 (4 International Business Companies Act 2000. (bThe dissolution of the said company commenced on the 10th October, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Tang 039393. Dated this 11th day of October A. D. 2011 _________________________________ Tang Yang Ping Liquidator N O T I C E REGAL LINE LIMITED N O T I C E IS HEREBY GIVEN as follows: (aREGAL LINE LIMITED is in voluntary dissolution under the provisions of Section 138 (4Act 2000. (bThe dissolution of the said company commenced on the 10th October, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Tang Singapore 039393. Dated this 11th day of October A. D. 2011 _________________________________ Tang Yang Ping Liquidator N O T I C E ESTEBENIA LIMITED N O T I C E IS HEREBY GIVEN as follows: (aESTEBENIALIMITED is in voluntary dissolution under the provisions of Section 138 (4 Business Companies Act 2000. (bThe dissolution of the said company commenced on the 18th October, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Tang Yang Dated this 24th day of October A. D. 2011 _________________________________ Tang Yang Ping Liquidator N O T I C E SKD WEALTH MANAGEMENT LIMITED N O T I C E IS HEREBY GIVEN as follows: (aSKD WEALTH MANAGEMENTLIMITED is in voluntary dissolution under the provisions of Section 138 (4Act 2000. (bThe dissolution of the said company commenced on the 07th November, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Dominik Dated this 08th day of November A. D. 2011 _________________________________ Dominik Birri Liquidator N O T I C E PRESQUILE LIMITED N O T I C E IS HEREBY GIVEN as follows: (aPRESQUILE LIMITED is in voluntary dissolution under the provisions of Section 138 (4 Business Companies Act 2000. (bThe dissolution of the said company commenced on the 07th November, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Dominik Dated this 08th day of November A. D. 2011 _________________________________ Dominik Birri Liquidator N O T I C E NOVEL VENTURES HOLDINGS LIMITED N O T I C E IS HEREBY GIVEN as follows: (aNOVELVENTURES HOLDINGS LIMITED is in voluntary dissolution under the provisions of Section 138 (4Act 2000. (bThe dissolution of the said company commenced o n the 15th November, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Dominik Dated this 16th day of November A. D. 2011 ________________________________ Dominik Birri Liquidator N O T I C E BUMLEY HOLDINGS LIMITED N O T I C E IS HEREBY GIVEN as follows: (aBUMLEYHOLDINGS LIMITED is in voluntary dissolution under the provisions of Section 138 (4 International Business Companies Act 2000. (bThe dissolution of the said company commenced on the 14th November, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Dominik _________________________________ Dominik Birri Liquidator N O T I C E WOK MANAGEMENT LIMITED N O T I C E IS HEREBY GIVEN as follows: (aWOK MANAGEMENTLIMITED is in voluntary dissolution under the provisions of Section 138 (4 International Business Companies Act 2000. (bThe dissolution of the said company commenced on the 22nd November 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Mr Alan Nichols of Helvetia Court, South Esplanade, St Peter Port, Guernsey. Dated this 24th day of November A. D. 2011 _________________________________ Mr Alan Nichols Liquidator N O T I C E JACINTH LIMITED N O T I C E IS HEREBY GIVEN as follows: (aJACINTH LIMITED is in voluntary dissolution under the provisions of Section 138 (4 Business Companies Act 2000. (bThe dissolution of the said company commenced on the 22nd November 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Mr Alan Nichols of Helvetia Court, South Esplanade, St Peter Port, Guernsey. Dated this 24th day of November A. D. 2011 _________________________________ Mr Alan Nichols Liquidator N O T I C E RUBIS BLEU LIMITED N O T I C E IS HEREBY GIVEN as follows: (aRUBIS BLEU LIMITED is in voluntary dissolution under the provisions of Section 138 (4 Business Companies Act 2000. (bThe dissolution of the said company commenced on the 18th October, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. (cThe Liquidator of the said company is Tang Yang Dated this 24th day of October A. D. 2011 _________________________________ Tang Yang Ping Liquidator N O T I C E ULTRA PEAK LIMITED N O T I C E IS HEREBY GIVEN as follows: (aULTRAPEAK LIMITED is in voluntary dissolution under the provisions of Section 138 b)(4the International Business Companies Act 2000. (cThe dissolution of the said company commenced on the 15th November, 2011 when the Articles of Dissolution were submitted to and registered by the Registrar General. d)The Liquidator of the said company is Dominik Dated this 16th day of November A. D. 2011 _________________________________ Dominik Birri Liquidator ranking sixth most expensive out of a 12-strong utility sample for customers using 600 kilowatt hours (kWh 2011, BEC is ranked numb er three, behind only Arub a and Barbados. G rand Bahama Power Companys total charge for those consumers was $227.58, compared to $206.2 f or BEC, leading the latt ers chairman to say he would accept the formers f indings any day of the w eek. It says what Ive been saying all along, that BEC rates are back to wheret hey were 17 years ago and it makes BEC rates competitive in the region, Michael Moss told Tribune Business. BEC rates are very, very competitive in the region. Grand Bahama P ower Company had their o wn reasons for putting this o ut, and in doing so they l eave us smelling like a r ose. M r Moss said BEC residential consumers used an average 420 kWh per month, and had the survey focused on this the results would have been even more f avourable for the stateo wned utility, given that it had segmented its market by reducing rates for small consumers. But, with 65 per cent of BECs revenues going out to pay for oil, Mr Moss said the Corporation would only be able to substantially reduce consumer prices when global oil prices fell. About 35 per cent of what we take in remains with us. The other 65 per cent goes out to pay for oil, Mr Moss explained, adding that the scope does not exist in BECs base r ate to reduce consumer prices. The base rate, he added, h ad to cover BECs wages, d ebt servicing costs, capital e xpenditure and maintenance. All of that comes out of that base, Mr Moss s aid. The rest is fuel that goes to pay the fuel supplie r. The cost to consumers can go down, but for that to happen the price of oilh as to go down. The BEC executive chairm an said fuel costs were currently at least 30-35 per cent higher than the same t ime in 2010, and possibly a s much as per cent h igher than last year. BEC SMELLS LIKE A ROSE F ROM page one
m an, Winston Rolle, speaki ng with Tribune Business y esterday, called the 63 per cent business success rate extremely encouraging. If the report is showing 6 3 per cent, I think that is e xtremely encouraging. It just goes to speak to the level of entrepreneurship we have here in the Bahamas, Mr Rolle said. There is a significant need for small business financi ng, and with that in place a lot of businesses can become more viable. According to the report, between July 2007 and June 2011, 248 males and 218 females benefited from the self-starter grant, with men receiving higher fundi ng on average. Men r eceived $1.129 million in g rant funding during that p eriod, and women r eceived $1 million. T en Family Islands used the program, with New P rovidence recording the h ighest number of recipie nts during that period ( 320). Grand Bahama was second with 62, Andros with 49, Eleuthera with nine and Cat Island, Crooked Island, San Salvador and Inagua each witho ne recipient. New Providence received a total of $1.476 million in grant disbursements during the period. Grand Bahama received $270,851 and Andros received a total of $ 219,363 in grant disbursem ents. The report state that 4 8 per cent (225 es have reported that their businesses are in good status accounting for $ 1,032,594.71 in grant f unds. The 87 businesses r eporting dissolved status c onstitute a total of $ 393,608.27 in grant funds. T he report noted challenges in contacting 80 recipients. Food/services (58 er/electronic (57 for the most common types o f businesses receiving g rants. During the period J uly 2011 to October 2011, 4 2 grants were disbursed amounting to $200,271. Among the challenges noted in the report, it was stated that at the inception of the program funding wasr eadily available. However, the quality of business applications were not sufficient to access the money made available. But now, due to an intensified marketing strate gy, there are a greater volu me of approved applicants w hich far exceed the availa ble fund. T he report also noted t hat there were deficiencies i n the monitoring and evaluation of the businesses, and delays in the processing of financial matters for the approved applicants. The report recommende d that consideration be given to a substantial increase in funding for the self-starters program. The Ministry proposes to place greater emphasis on a business skills development init iative for grant recipients t o increase the likelihood o f business sustainability. BUSINESS T HE TRIBUNE TUESDAY, NOVEMBER 29, 2011, PAGE 7B APD LimitedTENDER NOTICEThe Arawak Port Development Ltd. (APDinvites sealed Tenders from eligible tenderers for the APD Inland Terminal Access Road Paving, Grading and Drainage Project. The project includes the construction of approximately 3,100 feet of new road from Fire Trail Road (West) to the new APD Inland Terminal Warehouse Facility. Tender Documents in electronic format may be collected from the address below, between 10:00 AM and 4:00PPM, commencing Wednesday 23 November 2011. This tender is only open to contractors with the suitable experience and expertise in road construction. Interested persons may obtain a tender package from the following address: Arawak Port Development (APDAPD Arawak Cay Nassau, Bahamas Telephone: (242 Fax: (242 Completed Tender Documents must be enclosed in a sealed envelope, clearly marked, CONFIDENTIAL TENDER APPLICATION FOR APD INLAND TERMINALACCESS ROAD PAVING, GRADING AND DRAINAGE PROJECT and shall be submitted to the APD at the address above before 11 AM on Wednesday, 30 November, 2011. Late submissions will not be accepted. APD reserves the right to accept or reject any or all proposals. NOTICEPursuant to the provisions of Section 137 (4ab a nd (cAct, 2000, notice is hereby given that:(a TWACKLE COMPANY LTD. is in dissolution; (bThe date of commencement of the dissolution is the 23rd day of NovemberA.D., 2011 and (c East Bay St. C .B. Strategy Ltd. LIQUIDATOR DRIVERS WANTEDMust be able to work early morning hours, have reliable transportation. Only serious inquiries please. Apply in writing to: DA-98272 C/O The Tribune P.O. Box N-3207 Shirley Street Nassau, Bahamas SELF-STARTER ENJOYS 63% SUCCESS RATE FROM page one
l and, a country not considered at risk of suffering a cat-a strophic event, had generated insurance industry losses of $15-$20 billion. This came on top of multi-billion payouts resulting from earthq uakes in Japan and New Zealand. A nd, with the relatively thin capital bases of Bahamian general insurers forcing them to buy huge amounts of reinsurance, they are largely a t the mercy of the global industry and the losses it suff ers when it comes to rate renewals. Effectively, Bahamian property premium rates are set by the global reinsurers. We are likely to know in the next couple of weeks the e xtent of the increase imposed on the local marketplace, Mr Ward told Tribune Business. We are looking in the range, for what increasec ompanies might charge, of m id-single digits to low double digit percentage increases. He added that Caribbean countries not impacted by a hurricane in 2011 would be facing property insurance pre-m ium increases as well. Its the concept of pooling risks to pay for losses around the world, Mr Ward told Tribune Business. We benefit f rom that in some years, and this year its worked against u s. When asked whether he and other Bahamian insurers were concerned that rate increases would push property insurance out of reach for many Bahamian homeo wners, the Bahamas First c hief said: Were always conc erned about the cost of premium increases, but if you l ook at it from the standpoint o f where we are now, even if we impose a 10 per cent i ncrease it will not equate to the highest rates weve seen in the Bahamas in recent times. While were concerned a bout affordability, the historical context shows were w ell below where we were at t he highest points. These were reached in the late 1990s and early 2000, post-Hurricane Floyd, and M r Ward said 2012 property p remiums were likely to only be 90 per cent of those. Rates charged next year are likely to be 90 per cent o f that peak rate, Mr Ward told Tribune Business. B ahamas First, meanwhile, h ad received an endorsement of the way we operate, having seen A. M. Best, the international insurance rat ing agency, reaffirm its A( Excellent) financial strength r ating, and issuer credit rating of a-. The outlook for both r atings was stable. For us, were happy to get an endorsement of the way we operate, and how things are being done, Mr Wardt old Tribune Business. A M. Best said: As the primary holding and major source of earnings for Bahamas First Holdings, the ratings of Bahamas First General Insurance reflect its continued excellent capitali-s ation, favorable operating performance and leading market share in the Bahamian market. These factors are supp orted by Bahamas First General's conservative catas trophe program, underwriting controls, local market expertise and solid risk management programs. These positive rating factors are offset by Bahamas First General's geographic concentration a nd catastrophe exposure, p articularly to hurricanes in t he Caribbean. And the rating agency a dded: While the rating outl ook for Bahamas First General is stable, positive rating a ctions could occur if the company exhibits sustainable long-term improvements in operating performance, coup led with improvements in t he Bahamas macroeconomic environment. Negative rating triggers c ould include protracted adverse operating results that are exacerbated by a large catastrophic event. A sked about this, Mr Ward s aid: What that means is if, for example, we got even bett er operating results in the long-term, it will improve the o utlook from stable to positive. Were not pushing for a h igher rating than our current one, as it really reflects where we want to be from a market positioning. As for Bahamas Firsts C ayman subsidiary, Cayman First Insurance Company, A. M. Best gave it the same ratings as its Bahamian parent, albeit with a negative out-l ook. The ratings of Cayman F irst Insurance recognise its improved capitalisation and positive non-health operating results, along with its expertise in the Cayman market,A M. Best said. The negative outlook on C ayman First Insurance acknowledges the drag on its operating results, due to the losses emanating from the company's accident and health lines of business.B ahamas First Holdings management has developed and implemented strategies to reduce these losses and their effect on earnings. A.M. Best will continue to monitor the effectiveness of theses trategies and Cayman First Insurances integration into Bahamas First Holdings existing operations. It added: In regards to Cayman First Insurance, a positive outlook revision trigger would include improvedo perating results for its health a nd accident book of business, and organic surplus a ppreciation. Negative trigg ers could include equity eros ion, increased operating leverage from its current levels as well as a decline ino perating performance. Mr Ward told Tribune B usiness that Bahamas First h ad made quite a lot of p rogress in tackling Cayman F irsts accident and health portfolio, and said the 2011 year-end results would show greater improvement. A. M. Best, though, wanted tos ee more. The Bahamas First chief s aid the main factor determining the insurers 2011 performance would be where we end up with Hurricane Irene loss. Were trying to work through the settlement of all those, Mr Ward added. Were expecting to have the majority of those close by this week or the first week in D ecember. BUSINESS PAGE 8B, TUESDAY, NOVEMBER 29, 2011 THE TRIBUNE 5 2wk-Hi52wk-LowSecurit y P revious CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.97AML Foods Limited1.181.180.000.1480.0408.03.39% 1 0.639.05Bahamas Property Fund10.6310.630.00-0.6420.080-16.6 0.75% 7 .504.40Bank of Bahamas6.936.930.003000.2300.10030.11.44% 0.530.17Benchmark0.180.180.00-0.0480.000N/M0.00%2 .842.55Bahamas Waste2.702.700.000.0300.09090.03.33% 1 .961.77Fidelity Bank1.771.770.000.0970.04018.22.26% 10.468.29Cable Bahamas8.408.400.001000.2450.32034.33.81%2 .802.33Colina Holdings2.602.600.000.4380.0405.91.54% 8 .508.33Commonwealth Brewery8.508.500.000.7400.00011.50.00% 7.006.21Commonwealth Bank (S1 6.516.510.000.4960.32013.14.92% 2 .001.63Consolidated Water BDRs1.451.520.070.1110.04513.72.96% 1.551.24Doctor's Hospital1.241.240.000.0740.04016.83.23% 5.504.75Famguard5.435.430.000.4980.24010.94.42% 7 .504.50Finco4.724.720.001,0000.7570.0006.20.00% 9.397.75CIBC FirstCaribbean Bank8.148.140.002000.4940.35016.54.30% 6.005.00Focol (S 5.335.330.000.4350.22012.34.13% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.305.58ICD Utilities7.307.300.00-0.1220.240-59.8 3.29% 10.809.80J. S. Johnson9.829.820.000.8800.64011.26.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.0041 00.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00BISX LISTED & TRADED SECURITIES AS OF:7% Interest 19 October 2022 Prime + 1.75% Prime + 1.75% 6.95%M ONDAY, 28 NOVEMBER 2011BISX ALL SHARE INDEX: CLOSE 1,356.29 | CHG 0.06 | %CHG 0.00 | YTD -143.22 | YTD % -9.55BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017 W WW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-2320FINDEX: YEAR END 2008 -12.31%3 0 May 2013 20 November 2029 7 % RoyalFidelityMerchantBank&TrustLtd(Over-The-CounterSecurities) 29 May 2015 52wk-Hi52wk-LowSymbolBid $ A sk $Last PriceDaily Vol.EPS $Div $P/EYield 10.065.01Bahamas SupermarketsN/AN/A14.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.650.750.400.0290.00024.130.00% 52wk-Hi52wk-LowFund NameNAVYTD%L ast 12 Months %NAV 3MTH 1.57791.4674CFAL Bond Fund1.5779263.39%5.87%1.548717 3.02482.9020CFAL MSI Preferred Fund3.02482.63%3.94%2.981382 1.61281.5289CFAL Money Market Fund1.61512.61%4.53%1.591803 2.72022.5398Royal Fidelity Bahamas G & I Fund2.4974-8.19%-7.45% 13.849313.2825Royal Fidelity Prime Income Fund13.91804.19%5.21% 114.128999.4177CFAL Global Bond Fund114.09222.35%13.88%114.128861 118.4255101.6693CFAL Global Equity Fund118.42552.30%8.26%116.580785 1.17491.0000FG Financial Preferred Income Fund1.18773.59%4.94% 1.13431.0000FG Financial Growth Fund1.14152.06%4.07% 1.17641.0000FG Financial Diversified Fund1.18903.47%5.04% 9.9952 9.5078Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.94330.98%4.58% 11.49859.8690Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.3699-6.17%-2.17% 10.68139.6635Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.20631.81%7.39% 8.85647.8830Royal Fidelity Int'l Fund Equities Sub Fund8.65073.01%18.38% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/2007NAV Date 31-May-11 30-Sep-11BISX Listed Mutual Funds30-Jun-11 30-Sep-11 NAV 6MTH 1.535365 2.952663 1.580804 111.469744 115.762221TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752531-Jul-11 30-Jun-11 31-Jul-11 5-Aug-11 30-Oct-11MARKET TERMS30-Sep-11 31-Oct-11 RoyalFidelity Merchant Bank & Trust Ltd (Over-The-Counter Securities) CFAL Securities Ltd. (Over-The-Counter Securities)31-Oct-11 31-Jul-11 31-Oct-11 NOTICEis hereby given that JOVADO ORLANDO DIXON of EAST BAYSTREET, P.O. BOX FH-14029, NASSAU, BAHAMAS ,is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/ naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 22nd DAYofNOVEMBER, 2011 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.NOTICE EMPLOYMENT OPPORTUNITYMessenger/Clerk(Males Only Need Apply) Duties Requirements MUST FAX: 377-1366. found to be a slap in the face. In its statement last Friday, KFC disclosed it had to secure additional financing to main t ain its operations, although it was not clear whether this was equity or debt. We have been facing some tough times. W ith the downturn brought by the global recession, the Bahamian economy has been hard hit, its general manager, Gabriel Sastre, said. We have all had to face increases in costs, which is a challenge for us all, including KFC. Our customers are also finding it difficult and h ave let us know that our prices are too high by not only complaining to us directly on Facebook and via customer focus group feedback,b ut also by their decision to start shopping elsewhere. The wage and benefits package that KFC c arries is as a result of a union-negotiated labour contract that dates back to the earliest days of the companys presence in the Bahamas. The existing labour contract impos e s staffing arrangements that the competition does not have to deal with a wage and bene fits package that accounts for a significant per centage of total expenses. FROM page two KFC AND UNION LOCKED IN TALKS FROM page one PROPERTY PREMIUMS IN LOW DOUBLE DIGIT RISE