Citation

Material Information

Title:
The Tribune.
Uniform Title:
Tribune. (Nassau, Bahamas).
Added title page title:
Nassau tribune
Place of Publication:
Nassau, Bahamas
Publisher:
Tribune
Publication Date:
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

Genre:
newspaper ( sobekcm )
newspaper ( marcgt )
Spatial Coverage:
Bahamas

Notes

General Note:
Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.

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Source Institution:
University of Florida
Holding Location:
University of Florida
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Resource Identifier:
09994850 ( OCLC )
9994850 ( OCLC )

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Full Text
THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 5B



[Serger ern 2 re eee ee eee See ee eT
"Fundamental to Civil
Aviation's development’

3% per annum
tourism growth
in next decade

FROM page 1B

decade, hitting 1.941 million stopovers in 2021.

ing on transportation).

expenditure of $3.038 billion.”

And, on the investment front, the Bahamian tourism sector : SAAT une Sel 4G agit ict
was forecast to attract capital investment of $388 million during } Bee bi Sap eae ee Hi eS
2011, and is set to rise by 3.2 per cent per annum over the next i ~...",, eee : 2 BE

: cific” in what it required of Tim

“This means that travel and tourism’s share of total national : Bienes poem ede
investment will rise from 16.5 per cent in 2011 to 17.4 per centin : : & 3
? transferring knowledge, and

In relative terms, the Bahamas is the second most reliant nation : Rane ae pe een
in the world on tourism to provide direct employment, and the } depart” P y

decade to $529.6 million.

2021,” the WITC added.

eighth most reliant on it for total jobs.

Elsewhere, the Bahamas is the world’s sixth most reliant coun- eienlactadie aileto Mannoet
try on tourist spending for export earnings, as these account for } ie qc Ae se ;
64.93 per cent of such inflows. And this nation is the 21st most } ee ae We ATauiicie eee
reliant on travel and tourism investment as a percentage of total | [°P@T. eee

stots : : : lace said of the likely impact
capital investment, since this accounts for 16.52 per cent of the total. : on Civil Aviation. “The work

And, when it comes to the tourism sector’s direct and total con- } ihe ail Ge seid ee ital
tribution to GDP, the Bahamas was the world’s sixth and ninth } Y § is >
: because one of the things, as

most reliant, respectively, on the industry.

FROM page 1B

Mr Foulkes confirmed the meeting involved a discussion of
the “economic situation at the hotel”, and it was agreed that
executives would address staff today to “advise them about the
future direction and plans for the hotel”.

“turn around” the resort’s fortunes.

“They are committed to making it work,” said the source.

believed would take place in a “phased” manner.

to any action being taken.

FROM page 1B

Those days are long past, and
Mr Vanderpool-Wallace told
Tribune Business: “What we’re
doing is really moving beyond
that in terms of developing a
structure for Civil Aviation,
separating operations from reg-
ulation, putting manuals in
place, and engaging people for
the kind of regulatory oversight
we need throughout the

: Bahamas.”

The minister explained that

? the Government had effective-

aa : a ; ‘ ? ly extended the existing con-
Predicting the impact of these visitors’ total spending, the WITC } : f :

said: “The Bahamas is expected to attract 1.478 million interna- } ee o Tim Hee l .
tional tourist (overnight visitor) arrivals in 2011, generating $2.196 | @°6S> D© ae i : dis dt eee
billion in visitor exports (foreign visitor spending, including spend- } a aad pipdhen estan ee mean
? dous experience in what was

“By 2021, international tourist arrivals are forecast to total : neede d, especially given its
or : -- ¢ familiarity with FAA require-
1.941 million, an increase of 2.8 per cent per annum, generating } eas

The extended contract, he

“They will be training the

? you will know, is that in any

? organisation those persons

Minister affirms ‘adjustments’ at Our Lucaya hotel

operating the organisation

? should not be regulating them-
? selves.

“It’s a fundamental part of

: what needs to get done, and
: fundamental to the develop-
: ment of civil aviation.”

The International Civil Avi-

On Wednesday, The Tribune revealed that sources close to the : ation Organisation's (ICAO)
matter had disclosed around 50 managerial and 150 line staff } @U4it of the Bahamian civil avi-
could be terminated from Our Lucaya in light of continually } ation system's safety oversight
depressed business conditions at the property. The source said } Tegime, conducted early in 2009
that “tens of millions of dollars” in losses were incurred in 2010, but } but only published 1 2010,
added that the terminations come ahead of plans to rebrand and } found that the Civil Aviation

? Department's organizational

? structure "does not reflect in

them about what is the best approach to take,” Mr Ferguson said. }
He is hoping that based on the information about which indi- :
viduals may be set for termination, he may push for voluntary }

disengagement to be offered to some instead.

“T have not yet received that information, so it makes it difficult :
for me to meet with them or meet with the 135 members,” said Mr }

Ferguson.

He added that he had not been made aware at the meeting :
that any announcements were to be made today, as The Tribune’s }

sources maintain.

Attempts to obtain a comment from Our Lucaya executives }
yesterday regarding the impending staff reductions were unsuc- }
cessful, as messages went unreturned. A message left forpresi- }
dent of the Bahamas Hotel, Catering and Allied Workers Union, }
Nicole Martin, which represents line staff at Our Lucaya, was }

also not returned.

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that:-

(a) NUMBERGUY LTD.is in dissolution;

(b) The date of commencement of the dissolution
is the 5th day of January, A.D., 2011 and

(c) the Liquidator is C.B. Strategy Ltd., of 308
East Bay St.

C.B. Strategy Ltd.
LIQUIDATOR

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT 2000

REPORTER LTD.

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
REPORTER LTD. is in Dissolution.

The date of commencement of dissolution was 2nd day
of March 2011.

Diane Fletcher of Buen Retiro, Nassau, Bahamas is the
Liquidator of REPORTER LTD.

Diane Fletcher
Liquidator

Yesterday, attorney Obie Ferguson, also BHMA president, } Sufficient detail and does not

said he, too, met with the hotel and company executives on Tues- } Clearly define the regulatory

day and was told that there would be terminations, which he ; and safety oversight functions

? and responsibilities" in a num-
He said he would be surprised if word is given tomorrow about } ber of key areas.
exactly which persons will be let go, as the BHMA had been }

promised by executives that the union would receive the list prior : Bahamas has not established a

: distinct separation between the
“They had undertaken they would get back to me as to the } Shae get ieee
areas that would be affected. Once we are in receipt of that I } ete He pene a.
indicated to them that we would wish to have a meeting with ; 1 the areas of air navigation

It added: "Furthermore, the

services (ANS) and airports
(AGA).

"While the Flight Standards
Inspectorate (FSI) is funded by
an impress fund to cover the
cost for training, travel expens-
es and investigation of aircraft
accidents and incidents, the
Civil Aviation Department
depends entirely on State bud-
get allocations to fund its oper-
ations, and its financial
resources are not sufficient to
enable it to fulfil the state's
responsibility for safety over-
sight."

Mr Vanderpool-Wallace yes-
terday described the develop-
ment of the Bahamian private
and civil aviation sector as akin
to expanding a nation’s road
infrastructure, explaining that
the industry played such a role
in inter-island transportation
here.

“If you live in an archipel-
ago, there’s nothing more
important than the intercon-
nection between islands via air
and sea,” the minister
explained. “It is critical. You
have to ensure you have good
roads between land, and the air
and sea are critical to our devel-
opment.

“Tourism is critically impor-
tant, because that is the path
to high-spending visitors, but
this [air transport] is critical to
GDP in terms of the overall
development and growth of the
country.”

Mr Vanderpool-Wallace said
this would not happen without
a sustainable private and civil
aviation sector, and the accom-
panying regulatory oversight
that was necessary.

He explained that the Gov-
ernment was pursuing twin
tracks to achieve its civil avia-
tion objectives, with Tim Neel
& Associates working on the
fine details, and Inter-Ameri-
can Development Bank (IDB)
looking at the bigger picture.

Pledging that inter-island air
and sea transportation in the
Bahamas would be developed
together, as part of a compre-
hensive overall strategy, rather
than in isolation, Mr Vander-
pool-Wallace said the IDB
would study the creation of

NOTICE

NOTICE is hereby given that MARJORIE JOSEPH of
McCOLLOUGH CORNER, NASSAU, BAHAMAS, is
applying to the Minister responsible for Nationality and

such a system.

Indicating that some of the
Bahamas’ airports would
become “fully fledged”, but
others “not so complete”, the
minister said the IDB would set
out the rationale for this and
the creation of “multiple hubs”
and major aviation ports of
entry in this nation. Its study
will look at creating “another
hub” for aviation in the south-
ern Bahamas, and where to
place it.

Mr Vanderpool-Wallace
added that the consultants
would also develop an airport
certification programme and
overseeing framework, some-
thing the Bahamas currently
lacks.

“That is very much includ-
ed,” he said. “We have a whole
variety of airports throughout
the Bahamas. That is part of
the structure we are putting in
place. We’ve made some good
progress. We like that.”

The ICAO found that the
Bahamas had not certified any
of the airports in this nation,
leaving it in non-compliance
with Annex 14 to the Chicago

Convention.

"At the time of the audit, the
Bahamas has 19 aerodromes
for international operations, 39
aerodromes for domestic oper-
ations and no heliports,” the
ICAO audit found. "Some
aerodromes are in the process
of developing an aerodrome
manual. However, the Civil
Aviation Department has so far
not yet received any aerodrome
manual for its acceptance or
approval.

"While most of the aero-
drome operators have drawn
up an airport emergency plan
(AEP), these AEPs do not
include all of the provisions of
Annex 14 to the Chicago Con-
vention. Additionally, the Civ-
il Aviation Department has not
ensured AFPs have been tested
in compliance with Annex 14
of the provisions to the Chicago
Convention.”

To remedy this state of
affairs, the Bahamas pledged
to draft an Aerodrome Certifi-
cation and Operations Regula-
tion to comply with the Chicago
Convention, with all the neces-
sary steps to achieve this sup-
posed to be taken by Septem-
ber 30, 2010.

An aerodrome certification
process was supposed to begin
by July 2010, the Bahamas
agreeing with ICAO's findings,
but it has clearly not been com-
pleted yet.

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 4" day of
March, 2011 to the Minister responsible for nationality
and Citizenship, PO. Box N-7147, Nassau, Bahamas.



NOTICE

PATERSON MANAGEMENT S.A.
In Voluntary Liquidation

Noticeis hereby given thatin accordance with Section
138(4) of the International Business Companies Act.
2000, PATERSON MANAGEMENT S.A. is in
dissolution as of March 2â„¢4, 2011.

Garner Invest Inc. represented by Patrick Rochas

situated at Road Town, Pasea Estate, P. O. Box 3149,
Tortola, British Virgin Islands is the Liquidator.

LIQUIDATOR

NOTICE

MINERALS AND METALS RESOURCES
LIMITED

Notice is hereby given that MINERALS AND
METALS RESOURCES LIMITED, a Company
registered under The International Business Companies
Act, 2000, has been dissolved and struck off the Register
as of the 28" day of February, 2011.

Salim Kiwirra

Liquidator



NOTICE

NOTICE is hereby given that ROBERT WASHINGTON
WILLIAMS, of P.O. Box CB-11983, Greenwood Palm,
Sandilands Village, 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 4"day
of March, 2011 to the Minister responsible for nationality
and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that OPAL ANN SIMONE FERGUSON
of P.O.Box SS 19281, Kisskadee Drive, West Bay St. 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 4" day of March, 2011 to the Minister responsible for
nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Common Law & Equity Division

2010
CLE/qui/00775
IN THE MATTER OF the Quieting Titles Act, 1959

AND

IN THE MATTER OF the Petition of
BRENETTA MAE JOHNSON

AND

IN THE MATTER OF ALL THAT Tract of land containing Five
Thousand Three hundred and twenty-four square feet (5,324) be-
ing Lot Number 542 and situate on the North-Eastern Junction of
Moonshine Drive and Windward Isle Way In Golden Gates No.
2 Subdivision the Western District of the Island of New Provi-
dence, The Bahamas

NOTICE

The Petition of BRENETTA MAE JOHNSON of the Western
District of the Island of New Providence one of the Islands of the
Commonwealth of The Bahamas in respect of: -
ALL THAT Tract of land containing Five Thousand Three Hun-
dred and twenty-four square feet (5,324) being Lot Number 542
and situate on the North-Eastern junction of Moonshine Drive
and Windward Isle Way In Golden Gates No. 2 Subdivision the
Western District of the Island of New Providence, The Bahamas
and bounded North by lot Number 541 and running thereon One
Hundred (100.00) feet South by a road reservation Moonshine
Drive Thirty-six (36.00) Feet wide East by land the property of
the Petitioner and running thereon Fifty and Sixty-two (50.62)
feet West by a road reservation, Windward Isle Way, Forty feet
wide (40.00) Brenetta Mae Johnson claims to be the owner of
the fee simple estate in possession of the said piece or parcel
of land free from incumbrances. And the Petitioner has made
application to the Supreme Court of the Commonwealth of The
Bahamas under Section 3 of the Quieting Titles Act, 1999 to
have title to the said piece parcel or tract of land investigated
and the nature and extent thereof determined and declared in a
Certificate of Title to be granted by the Court 1n accordance with
provisions of the said Act.
NOTICE is hereby given that any person having a dower or
right to Dower or an Adverse Claim or a claim not recognized
in the Petition shall on before the expiration of Thirty (0) days
after the final publication of these presents file in the Supreme
Court and serve on the Petitioner or the undersigned a Statement
of his claim in the prescribed form verified by an Affidavit to be
filed therewith. Failure of any such person to file and serve an
Adverse Claim on or before the expiration of Thirty (30) days
after the final publication of these presents will operate as a bar
to such claim.
Copies of the Petition and filed plan of the said land may be
inspected at:

1. The Registry of the Supreme Court, Nassau

2. The Chambers of Messrs Mangra & Co., No. 20 Parlia-

ment Street.

Dated the 12th day of April, A.D. 2010

Mangra & Co.

No. 20 Parliament Street
Nassau, N.P.

The Bahamas





THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 7B



BUSINESS
(GLOBAL ECONOMIC NEWS

[ete ecient

Ke Ip | ney ana ee

A look at economic developments and activity in major stock
markets around the world Thursday:

LONDON — The European Central Bank's chief shocked
markets by saying interest rates could be raised as soon as the
next policy meeting in April — far earlier than expected — to
fight inflation across the 17-nation eurozone.

Speaking after the bank left its main interest rate unchanged
at the record low of 1 percent, President Jean-Claude Trichet
said "strong vigilance" was warranted and that an interest rate
increase next month was "possible" though "not certain.”

LONDON — Stocks regained their composure thanks to a
drop in oil prices and hopes that U.S. employment is picking up.

In Europe, the FTSE 100 closed up 1.5 percent at 6,005
while Germany's DAX rose 0.6 percent to 7,226. The CAC-40
in Paris ended 0.7 percent higher at 4,060.

LONDON — Retail sales in the 17 countries that use the
euro rose in January for the first time in six months, official fig-
ures showed, in a tentative sign that consumers are finally con-
fident enough to pick up spending.

TOKYO — In Asia, South Korea's Kospi Composite Index,
rose a hefty 2.2 percent to 1,970.66 after the government said
industrial output grew for the 19th straight month in January,
while Japan's Nikkei 225 stock average climbed 0.9 percent to
10,586.02.

Hong Kong's Hang Seng index was 0.3 percent higher to
23,122.42 but mainland Chinese shares fell as profit taking in the
afternoon offset morning gains. The benchmark Shanghai Com-
posite Index lost 0.4 percent to 2,902.98, while the Shenzhen
Composite Index lost 1.6 percent to 1,272.00.

PARIS — France's state statistics office says unemployment
fell slightly in the fourth quarter of 2010 to 9.6 percent.

The figure was below the 9.8 percent joblessness rate in the
third quarter, but remains above pre-financial crisis levels.

MADRID — Spain raised euro3.8 billion ($5.25 billion) in an
oversubscribed auction of 3- and 5-year bonds but at higher
interest rates that reflected investor worries over public finances
in Europe.



i WALL STREET
Stocks leap higher as hope
builds for job recovery

DAVID K. RANDALL,
AP Business Writers
MATTHEW CRAFT,
AP Business Writers
NEW YORK

Stocks jumped higher Thursday after an unexpected drop in new
applications for unemployment benefits and higher February sales
reports from retailers.

The Labor Department said first-time claims for unemploy-
ment benefits fell to 368,000. That's the lowest level for claims since
May 2008. Economists had expected them to rise. Separately, the
Institute for Supply Management reported that its measure of
hiring by service companies rose to the highest level since April
2006. The index covers a broad range of industries including retail,
health care and financial services.

The signs of job growth followed a report Wednesday from
payroll processor ADP that said that private employers are added
more jobs than expected last month. Those gains are helping to
raise expectations that Friday's jobs report will show that the
unemployment rate fell from its current level of 9 percent.

The Dow Jones industrial average gained 207 points, or 1.7
percent, to 12,273 in afternoon trading. It was the biggest rise in the
Dow since Dec. 1. The Dow is still below where it was trading on
Feb. 18, before a three-day plunge caused by a surge in oil prices
as the unrest in Libya deepened. The Standard & Poor's 500 index
rose 22, or 1.7 percent, to 1,330. All 10 company groups that make
up the S&P index rose. Industrial companies had the largest gain,
with 2.6 percent. Caterpillar Inc. gained 3 percent, the largest
increase among the 30 stocks that make up the Dow average.

The Nasdaq composite index gained 53, or 1.9 percent, to 2,801.

The drop in unemployment claims pushed Treasury prices low-
er, raising their yields. The yield on the 10-year note rose to 3.57
percent, up from 3.48 percent late Wednesday.

Retailers Limited Brands Inc., Macy's Inc. and Nordstrom Inc.
all reported gains over the same time last year. Wendy's/Arby's
Group Inc. trimmed its losses in the fourth-quarter and beat ana-
lysts' revenue estimates. The stock rose 5 percent.

Oil prices eased slightly, but remained just above $100 a barrel.
Concerns over the impact of high oil prices on the U.S. economy
have rattled markets over the past two weeks. Crude settled above
$102 on Wednesday for the first time since September 2008.

BIG CONSTRUCTION START
DECLINE IN 2010 2ND HALF

FROM page 1B

the 2009-2010 fiscal second quarter total of $40.761 million. This
equated to a 30 per cent decline.

Eurozone at critical
juncture in debt crisis

GABRIELE STEINHAUSER,
AP Business Writer
BRUSSELS

The next three weeks will be
crucial for Europe to finally get
a grip on the debt crisis that has
crippled its currency union and
to set up stronger foundations
for when it is past the storm.

A series of EU summits this
month kicks off Friday in
Helsinki, where the eurozone's
conservative leaders will wres-
tle over how much of their sov-
ereign economic decision-mak-
ing they are willing to sacrifice
for the sake of a more stable
euro.

The debate will culminate on
March 25, when heads of state
and government hope to seal
the "comprehensive solution"
to the crisis they have promised
to the markets.

At the center of the debate
are demands for stricter bud-
get rules and economic reforms
from strong economies like
Germany and the Netherlands
pitched against pleas for more
help and leniency from the cur-
rency union's weaker members.

But as the meetings get
under way, divisions are grow-
ing about what to do and how
quickly. In particular, Germany
is reluctant to spend on direct
support for weaker countries’
bond markets, which the Euro-
pean Union's executive Com-
mission and the European Cen-
tral Bank are pushing for.

In the middle of all that,
European regulators are study-
ing how to design new stress
tests for banks, whose troubles
are central not only to the prob-
lems in Ireland but also to any
action on sovereign debt.

"There are so many balls in
the air right now," said Carsten
Brzeski, senior economist at
ING in Brussels, adding that
the wealth of issues might make
it difficult for governments
make ambitious decisions.

The clashing positions among
eurozone countries will be obvi-
ous in Helsinki, even though all



(AP Photo/Michael Sohn)
CRITICAL TIME: German Chan-
cellor Angela Merkel arrives for
the weekly cabinet meeting at
the chancellery in Berlin, Ger-
many, Wednesday.

attendees are members of the
same European People's Par-
ty, the center-right bloc in the
European Parliament.

There is Germany's Angela
Merkel, who is reluctant to put
up more money to help less dis-
ciplined countries; Enda Kenny,
Ireland's prime minister in wait-
ing, who is not only demand-
ing lower interest rates on the
country's bailout but has also
raised the idea of making senior
bank bondholders take losses;
European Commission Presi-
dent Jose Manuel Barroso, who
has called for broader powers
and more money for the
region's bailout fund; and Yves
Leterme, the caretaker leader
of Belgium who is in no posi-
tion to give up on his country's
treasured system of inflation-
linked wage increases, as
demanded by Germany.

And that cast of characters
does not even include the cen-
ter-left leaders of Spain, Por-
tugal and Greece — each strug-
gling with their own crises.

Faced with such division,
analysts increasingly expect a

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) SCRATCH LTD. is

in dissolution under the provisions of

the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 3, 2011
when its Articles of Dissolution were submitted and registered by

the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd
Terrace West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 15th day of April, 2011 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

MARCH 4, 2011

ZAKRIT SERVICES LTD.

LIQUIDATOR OF THE ABOVE-NAMED COMPANY

S2wk-Low
6.95,
9.05
4.40
AF Benchmark
2.70 Bahamas Waste
1.96 Fidelity Bank
9.44 Cable Bahamas
2.35 Colina Holdings
5.80

1.40 Doctor's Hospital
5.25 Famguard
5.88 Finco

oo F FirstCaribbean Bank

4.57 Focol (S)
1.00 Focol Class B Preference 1.00

5,50 ICD Utilities

Securit_y
AML. Foods Limited
Bahamas Property Fund
Bank of Bahamas

Commonwealth Bank (S1)
1.90 Consolidated VWvater BDRs

ROYAL FIDELITY

ieaney an Work

watered-down deal by the end
of the month that falls well
short off the overhaul of the
eurozone's crisis strategy that
had seemed tangible just weeks
ago.

Despite sustained high bor-
rowing costs for Portugal, seen
as the most likely candidate to
follow Greece and Ireland in
seeking an international
bailout, the sense of urgency
appears to have eased in mar-
kets — and therefore some gov-
ernments — at least for the
moment.

"The Europeans are doing
big things always under big
market pressure and right now
there is no big market pres-
sure," said Zsolt Darvas, a
research fellow at Brussels-
based think tank Bruegel.

The decisive player over the
next three weeks will be Ger-
many. Merkel, struggling at
home, has set her hopes on a
so-called "pact for competi-
tiveness,” which could give her

something in return for extend-
ing more help to the eurozone's
stragglers.

Originally, Berlin had
demanded that eurozone coun-
tries improve their economic
performance through unpopu-
lar measures like getting rid of
automatic inflation-linked wage
increases and agreeing on a
common base for corporate tax-
ation.

However, over the past
month those measures have
been softened by separate pro-
posals from the Commission
and EU Council President Her-
man Van Rompuy, which
would leave governments with
vague commitments to create
limits to national deficits and
make pension systems more
sustainable.

On the pact, “we will get
some nice statement, agreeing
on the common goals,” said
Brzeski. Firm targets or even
sanctions for breaking rules are
unlikely, he said.




Legal Notice



NOTICE




NOTICE IS HEREBY GIVEN as follows:





(a) MATRIX ECONOMIC LIMITED is in dissolution under the provisions of



the International Business Companies Act 2000.




(b) The Dissolution of said Company commenced on March 3, 2011



when its Articles of Dissolution were submitted and registered by





the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd



Terrace West, Centreville, Nassau, Bahamas.




(d) All persons having Claims against the above-named Company are



required on or before the 15th day of April, 2011 to send their names and



addresses and particulars of their debts or claims to the Liquidator of the



company or, in default thereof, they may be excluded from the benefit of



any distribution made before such debts are proved.




MARCH 4, 2011




ZAKRIT SERVICES LTD.




LIQUIDATOR OF THE ABOVE-NAMED COMPANY







Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) SWANTJE LTD. is

in dissolution under

the provisions of

the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 3, 2011
when its Articles of Dissolution were submitted and registered by

the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd
Terrace West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 15th day of April, 2011 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

MARCH 4, 2011

ZAKRIT SERVICES LTD.

LIQUIDATOR OF THE ABOVE-NAMED COMPANY

BISX LISTED & TRADED SECURITIES AS OF:
THURSDAY, 3 MARCH 2011
BISX ALL SHARE INDEX: CLOSE 1,457.67 | CHG -4.22 | %CHG -0.29 | YTD -41.84 | YTD % -2.79
FINDEX: YEAR END 2008 -12.31%

WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

1.04
10.63
4.40
0.18
2.70
1.96
10.24
2.40
6.80.
2.13
1.40
5.25.
6.25
9,39
5.48

7.40

Previous Close Today's Close

Change
1.04 0.00,

10.63 0.00
4.50 0.10
0.18 0.00
2.70 0.00
1.96 0.00

10.24 0.00
2.40 0.00
6.80 0.00
2.20 0.07
1.40 0.00
S.25. 0.00
5.88 -0.37
9,39 0.00
5.48 0.00
1.00 0.00.
7.40 0.00

Daily Vol.

EPS$

EJ EG CAPITAL MARKETS
- > BROKERAGE & ADVISORY SERVICES
S oe

Div $
GALS
0.013
0.153
-O.877
0.168
0.016
1.050
0.781
0.488
0.111
0.107
0.357
0.682
0.494
0.452
0,000
0.012

Over the two quarters from July to December, there was an over-
all 75 per cent decline when compared with the value of con-
struction starts in the same period in 2009.

The number of building permit approvals (117) and building per-
mit values ($114.432 million) for the 2010/2011 fiscal year first quar-
ter declined by 27 per cent and 32 cent respectively, as compared
to the same period last year’s. The second quarter reported increas-
es in both categories (368 — a 42.6 per cent increase, and $119,974
million — a 7.7 per cent increase respectively) over the last fiscal
year’s second quarter statistics.

Mr Grant noted that there were increases of 2.3 and 6.2 per cent
in the number of buildings completed during the two quarters
over the previous year.

“Building completion values totaled $111.147 million for the
first quarter and $119.171 million, with significant increases of 83
per cent and 58.5 per cent respectively over the same period dur-
ing the previous year,” said Mr Grant.

He said that despite the decline in construction starts at the
end of last year, the Government is “confident that this trend will
be reversed during the course of this year, with the anticipated
boost to the economy created by new large scale construction
projects

“Foremost among new projects launched during the first half of
the 2010-2011 fiscal year, that should have significant positive
economic impact when construction commences this year, are the
JFK Airport Gateway Project and the Baha Mar Redevelopment
Project,” he said.

9.80
10,00

J. S. Johnson 9.82 9.82 0.00
Premier Real Estate 10.00 10.00 0.00
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Security Symbol Last Sale Change Daily Vol. Interest
Bahamas Note 6.95 (2029) BAH29 99.46 0.00, 6.95%
Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00, 7%
Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75%
Fidelity Bank Note 13 (Series ©) + FBB13 100.00 0.00 7%
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
Symbol Bid & Ask Last Pir Daily \cil.
Bahamas Supermarkets. N/A N/A 14.00
RND Holdings 0.35 0.40 0.55
CFAL Securities Ltd. (Over-The-Counter Securities)
30.13 31.59 29.00
0.45 0.55 0.55,
BISX Listed Mutual Funds
NAV YTD%
1.5179 5.51%
2.9527 0.18%
1.5837 0.61%
2.7049 -0.56%
13.4164 0.44%
114.3684 9.98%
106.5528 4.75%
1.1465 5.20%
4ST: 4.73%
1.1491

0.859
1.207
S2wk-Hi S2wk-Low
20 November 2029.
19 October 2017
19 October 2022
30 May 2013
29 May 2015

EPSS$
-2.945
0.001

Div & Pe
0.000
0.000

ABDAB
RND Holdings

4.540
0.002

0.000

0.000 0.00%

NAV 3MTH
1.498004
2.918697
1.564030

NAV GMTH
1.475244
2.910084
1.545071

Fund Name

CFAL Bond Fund
CFAL MSI Preferred Fund

1.5141 CFAL Money Market Fund

2.8522 Royal Fidelity Bahamas G & | Fund
13.0484 Royal Fidelity Prime Income Fund
101.6693 CFAL Global Bond Fund

99.4177 CFAL Global Equity Fund

1.0000 FG Financial Preferred Income Fund

1.0000 FG Financial Growth Fund

1.0000 FG Financial Diversified Fund

9.1005 Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 2
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 3
Royal Fidelity Int'l Fund - Equities Sub Fund

Last 12 Months %
6.90%
1.61%
4.59%

-15.54%
0.10%
12.49%
7.18%
5.20%
4.73%
5.35%

1.4076
2.8300

109.392860
100.779540

107.570619
105.776543

5.35%

9.7950 4.85% 5.45%
10.0000
10.6417 -1.20% 0.50%
9.1708
10.1266 1.27%
8.4510 0.72%
MARKET TERMS
YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity
ASk $ - Selling price of Colina and fidelity
Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - A company's reported earnings per share for the last 12 mths
NAV - Net Asset value
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

1.27%
4.8105 9.95%
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks
Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings
(S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S41) - S-for-1 Stock Split - Effective Date 7/11/2007

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525





PAGE 8B, FRIDAY, MARCH 4, 2011

THE TRIBUNE





Shoppers show strength in
February; gas hikes loom

ANNE D'INNOCENZIO,
AP Retail Writer
NEW YORK

Strong February sales at
stores up and down the price
spectrum, from J.C. Penney to
Saks, show that a broad range
of shoppers are feeling more
comfortable about the econo-
my.

The question is whether ris-
ing gas, food and clothing prices
will reverse the trend this
spring.

Retailers on Thursday
reported surprisingly strong
revenue gains for February.
The International Council of
Shopping Centers’ index of 28
retailers rose 4.2 percent com-
pared with the same month last
year. That was well above the
trade group's projections for a
2.5 percent to 3 percent
increase.

The gain follows a 4.7 per-
cent increase in January and
the best holiday season since
2006. The figures are based on
revenue at stores open at least a
year, a key indicator of a retail-
er's health because it excludes
the effects of stores that open
or close during the year.

February started slowly for
merchants because snowstorms
kept some shoppers home. As
the month went on, weather
improved, perking up sales of
spring clothing.

"The underlying (spending)
trend is quite good," said Scott
Hoyt, senior director of con-
sumer economics for Moody's
Analytics. "But increasing costs

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INTERNATIONAL
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on basic necessities (are) a
growing constraint on house-
hold budgets. The question we
don't know is: By how much?"

Thursday's results show a
broader range of shoppers is
benefiting from the economic
recovery, said Michael P.
Niemira, chief economist at the
International Shopping Cen-
ters.

Among retailers beating
forecasts were Victoria's Secret
parent Limited Brands Inc.;
moderate-priced department
stores J.C. Penney Co., Macy's
Inc. and Kohl's Corp.; teen
clothing seller Wet Seal Inc;
and warehouse club operator
Costco Wholesale Corp.

Luxury retailers including
Saks Inc. saw surging sales as
the affluent kept spending,
encouraged by a rallying stock
market.

There were only a few strag-
glers. Discounter Target Corp.

and clothing chain Gap Inc.
both missed expectations, with
Target reporting a small
increase and Gap a decline.

Wal-Mart Stores Inc., the
world's largest retailer, no
longer reports monthly sales.

Consumer spending outside
retail has shown signs of
strength as well. On Tuesday,
automakers reported double-
digit sales gains for February,
extending a recovery that start-
ed late last year.

The improving economy is
fueling the growth. Consumer
confidence in February rose to
its highest point in more than
three years, according to the
Conference Board.

But the positive economic
news isn't dispelling worries
about rising prices. Analysts say
more price shocks could scare
consumers, especially low- and
middle-income people, into
pulling back on spending.

Clothing makers are raising
prices on everything from
underwear to jeans. Supermar-
kets are beginning to pass along
rising costs for dairy, meat and
other items.

But gasoline is most worri-
some. The turmoil in Libya and
the oil markets have pushed the
national average for gasoline
to $3.427 per gallon, up 30 cents
since Feb. 15. Prices will reach
$3.50 to $3.75 by spring, some
analysts say.

If they hit $4, shoppers will
change their habits, said Ken
Perkins, president of Retail-
Metrics. They'll cut back on dis-
cretionary purchases and make

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fewer trips to the mall.

Another challenge for retail- :
ers in March will be a late East- ;

er. It doesn't fall until April 24,

three weeks later than last year. ;
That calendar quirk is expected }
to shift sales of holiday items ;
such as candy and children's ;

dresses from March to April,

depressing business this month.
Analysts look at the two }
months combined to judge }

spring selling.
Meanwhile, many retailers,

including Macy's, Kohl's and
J.C. Penney, say they're raising }

prices on clothing as costs rise,

especially for cotton, and i

demand improves.

J.C. Penney officials said Fri-
day that the company tested }
price increases last year to find
out what shoppers were willing i
to pay. The company said it was }
more successful with price }
increases on more expensive }
brands. "Our strategy is to walk ;
prices up thoughtfully at rates ;
we believe will be supported by }
said Michael
Casey, CEO of Carter's Inc. in }
an address to analysts Wednes- }
day. The maker of Carter's and }
OshKosh B'gosh children's }
clothing said it increased prices }
at its stores by 5 percent this }

consumers,"

spring.

It's still unclear how the ris- }
ing clothing prices will affect
shoppers’ willingness to spend.

"We have not had a suffi- }
cient read on consumers’ reac- }

tion to our higher prices,"

Casey said, "particularly the }
more significant increases }

planned for fall."

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(AP Photo/Orlin Wagner, file)
NEW HIGH: In this June 11, 2010 file photo, wheat stands against a
setting sun near Isabel, Kan. A U.N. food agency said Thursday,
March 3, 2011, that global food prices reached new highs in Febru-
ary and warns that oil price spikes could provoke further increases.

ALESSANDRA RIZZO,
Associated Press
ROME

Global food prices have reached their highest point in 20
years and could increase further because of rising oil prices
stemming from the unrest in Libya and the Mideast, a U.N.
agency warned Thursday.

Skyrocketing food prices have been among the triggers for
protests in Egypt, Tunisia and elsewhere, and raised fears of a
repeat of the food price crises in 2007 and 2008.

Some experts point to key differences compared to those
years: for one, the price of rice, an important food security
commodity, is much lower today. Still, Oxfam called the hike
"deeply worrying.”

The Food and Agriculture Organization said in a statement
that its food price index was up 2.2 percent last month, the
highest record in both real, inflation-corrected terms and nom-
inal terms since the agency started monitoring prices two decades
ago.



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McCOMBO
OF THE DAY itm tovin’ it

LOW _—_—sSWO6SF
SUNNY AND

Ze WINDY

Volume: 107 No.86

18F
69F



‘Shocking’
PH ea
costs Customs

weet ite







THE PEOPLE’S PAPER
BIGGEST AND BEST

FRIDAY, MARCH 4, 2011



OATMEAL BAR

PRICE —75¢ (Abaco and Grand Bahama $1.25)

Scotiabank

sponsors the BAAA
BHR eT



Violent criminals’ in
BIG protest crowd

Individuals known to police
were ‘clearly identifiable’
says Tommy Turnquest

By PACO NUNEZ
Tribune News
Editor

MINISTER of
National Security
Tommy Turnquest
revealed that accord-
ing to police, several
violent criminals were
among the crowd that |
protested outside Par-
liament last week.

House of Assembly
yesterday, Mr Turn-
quest said individuals known to
police in connection with crimes
as serious as murder, rape, armed
robbery, assault with a deadly
weapon and shop-breaking were
“clearly identifiable” in the anti-
BTC sale demonstration in Raw-



MINISTER OF
Speaking in the NATIONAL SECURITY

Tommy Turnquest

son Square last
Wednesday.

Speaking to The Tri-
bune outside the
House, Mr Turnquest
said the majority of
these persons are out
on bail, but some of
them are convicted
criminals.

“We have the pic-
tures, we know who
they are,” he said.

Mr Turnquest said
he raised the issue after
opposition PLP mem-
bers suggested that Prime Minis-
ter Hubert Ingraham “ran out the
back door,” attempting to avoid
the crowd after last week’s ses-
sion of parliament.

SEE page 10

PM CLAIMS PLP STANCE ON TAIWAN HALTED BAHA MAR

PRIME Minister Hubert Ingraham said Baha Mar failed to
materialise under the former Progressive Liberal Party government
because of the PLP’s decision to recognise Taiwan as an inde-
pendent nation and establish diplomatic relations.

e SEE STORY ON PAGE 11

APOLOGY

THE incorrect Super Value advert ran in yesterday’s Busi-
ness section on pages eight and nine. The corrected version

of the advert is in today’s Tribune on pages eight and nine in
the main section. The Tribune apologises for any inconve-

nience caused.

COMPANY LTH







* Earn points on
writthi Boat

air
Boat

bia

air when shipping

* Points are awarded based on the cost of the

freight

* Points are based on International Freight

only.

* Points are redeemable on air

For more information contact:
The MailBoat Marketing Department
(242)502-BOAT(2628) or email:
marketing@mailboatbahamas.com

NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER



oll Mellel

BEC MIDDLE
MANAGERS T0
TAKE ‘IMMEDIATE’
STRIKE ACTION

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

MIDDLE managers at the
Bahamas Electricity Corpo-
ration have decided on strike
action “effective immediate-
ly.”

The Bahamas Electrical
Utility Managerial Union
(BEUMU), which repre-
sents around 100 members,
is at odds with the Corpora-
tion over an industrial agree-

SEE page 10

MP DENIES FIRE WAS STARTED DELIBERATELY BY GOVT

Tim Clarke/Tribune staff

FIRE AFTERMATH: Brensil
Rolle, Garden Hills Member
of Parliament and Parlia-
mentary Secretary in the
Ministry of Housing, stands
yesterday at the scene of
Wednesday’s blaze.

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net



























RESIDENTS of Sou
Woch, the Haitian village
destroyed by fire this
week, are “angry” at what
they believe to be a delib-
erate attempt to smoke
Haitians out of the coun-
try.
“You can’t find two
people who feel it was an
accident,” said a Bahami-
an volunteer who was
assisting victims of the
fire. “Some of the young
men are really upset. They
feel this is their plan to get
rid of the yard,” he said.
There were uncon-
firmed reports of smaller
fires in two other Haitian
villages yesterday. One

SEE page 10

WOMAN'S DEATH CLASSIFIED AS A MURDER

A WOMAN was pro-
nounced dead at an apart-
ment in Dundas Town, Aba-
co, with injuries to the back of
her head on Monday after-
noon.

Police have classified her
death as a murder.

A team of officers from the
Central Detective Unit is on



At the time of her death,
the victim was wearing an

pants.

an argument with a family
member before her death.

“LACK OF CREOLE
- SPEAKING POLICE
‘AFFECTING DRUG

orange shirt and short black }

_ TRAFFICKING FIGHT’

Police believe she got into }

: By PACO NUNEZ

; : Tribune News Editor
Meanwhile, the police have |

identified a number of victims

in connection with other } Waitian-Bahamian drug traf-

the island to assist with the
investigation.

SEE page 11

off Inagua on Wednesday evening by a joint team of police and

(DEA) and the US Coast Guard.

tigations continue.

SEE page 11

















EFFORTS to combat

: ficking cartels are suffering
? because the Royal Bahamas
Police Force does not have
NINE MEN ARRESTED IN ‘$852,000’ DRUG BUST the US government has con-

NINE Bahamian men were arrested in a drug bust in waters cluded.

sufficient Creole speakers,

In its 2011 International

defence force officers, the US Drug Enforcement Agency : Narcotics Control Strategy

? Report (INCSR), the US

The men were on board two vessels on which 852lbs of sus- } State Department said Hait-

pected marijuana were found. The drugs have a street value of }

$852,000. The suspects were all flown to Nassau as police inves- } drug gangs continue to playa

ian and Haitian-Bahamian

“major role” in the move-

Police are also investigating an armed robbery that occurred } ment of cocaine from His-

SEE page 11





PAGE 2, FRIDAY, MARCH 4, 2011

THE TRIBUNE





Ambassador
Hu thanks
Bahamians

Ambassador Hu Dingxi-
an of the People’s Repub-
lic of China expressed his
“sincere thanks” to the
Bahamian people for their
“hospitality, kindness and
friendship”, which enabled
him to have a successful
term as Ambassador over
the past three years.

Ambassador Dingxian
said his term in the
Bahamas made “a big
impression” on him per-
sonally, and he plans to
return as a visitor.

Bahamian government
officials said there were
three years of historic
achievements in bilateral
relations under the ambas-
sadorship of Mr Dingxian.

Appointed

Ambassador Hu was

appointed on April 2, 2008.
The Bahamas appointed its :

first resident Ambassador

to the People’s Republic of
? DIGGING IN: Officials break ground on the John F Kennedy Gateway Project.

China on July 14, 2008.

Highway project under way

At least 130 Bahamians expected to be employed



Several agreements deal- }

ing with agricultural, eco-
nomic and technical co-
operation have been
signed, as was a visa aboli-
tion arrangement for hold-
ers of diplomatic, official
and service passports.

An Investment Promo-
tion and Protection Agree-
ment (IPPA) and a Tax
Information Exchange
Agreement (TIEA) were
also concluded.

INSIGHT

For the stories behind
the news, read Insight
on Mondays



By NOELLE NICOLLS
? Tribune Staff Reporter
i nnicolls@tribunemedia.net

THE government broke ground on its

latest partnership agreement with the Chi-
? nese government at the launch ceremony of
? the John F Kennedy Gateway Project.

Neko Grant, Minister of Public Works

? and Transport, said the new highway will
? span JFK Drive from the new US terminal
? building access road at the Lynden Pin-
? dling International Airport to Bethel
: Avenue.

He said work is expected to be complet-

} ed by October 30, 2012.

“It is expected that this project will cre-

? ate opportunities for Bahamian sub-con-
: tractors in the areas of earth works and
? road surfacing works and will employ at
? least 130 Bahamians.

“Tt is also expected that the beautification

of the highway will provide motorists with
? asense of place through the design of land-
? scaping and sculptures, and that these

Thigh & Leg
+ Family Fries



LOCAL NEWS

at TEAC Rs pen
B isk
F é Ul

aspects of the project will also include
Bahamian participation,” said Mr Grant.

“These works along JFK Drive will not
only facilitate the creation of more a posi-
tive visual impact along the entrance road
system to the country’s main airport that
welcomes millions of tourists every year,
but will enhance traffic management as it
relates to road safety,” he said.

The China State Construction Engi-
neering Corporation (CSCEC) through its
US subsidiary secured the $67 million con-
tract to build the new roadway.

The project will entail construction of a
dual carriageway along JFK Drive, with a
new westbound carriageway to the south of
the existing road and a redevelopment east
bound carriageway.

There will be nine new roundabouts with
several underground road installations for



cat!

wy

Tim Clarke/Tribune statf



: Parliament.

: told the

i House of
: Assembly
? that Mr

: Ingraham
i told him in 2002 that the

: government would spend

: all the money in the trea-

i sury to get him out of gov-
: ernment.

a lament

Tia
_ FIREWORKS IN

— HOUSE OVER
ALFRED GRAY’S
STATEMENT

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net



VOICES were raised in
Parliament yesterday when
MP for MICAL Alfred
Gray said he was told by
Prime Minister Hubert
Ingraham that the “whole
treasury
would be
used” to
expel the
MP from

Mr Gray



ALFRED GRAY

water, electrical and telecommunications }

works.

Ning Yuan, chairman and president of
the China Construction America said }

CSCEC is one of the largest construction } ioe Tammy Turmanest. MP
companies in the world with global experi- } f y ; 7 ae

ence. He said the company would bring all ; a Mount Moriah, imme-
of its expertise and management systems to } diately took a stand for the
bear on the project to ensure it was com- } Prime Minister and the

i government saying Mr

pleted within the projected timeframe.

Vincent Vanderpool-Wallace, Minister :
of Tourism and Aviation said the gateway }
project fit into the overall context of nation- } demanded that he with-

i draw it.

al infrastructure development that would
benefit the tourism industry.

Ambassador Hu Dingxian of the Peo- said anyone can make

? accusations and “he said,

a i she saids” and that the
as it is the first gateway of the Bahamas. : tatement should be
With tourism being a major pillar in the }
Bahamian economy, Ambassador Dingxi- } cane COE yore

an said the improved gateway was impor- } :
tant for competitiveness. “When you have } a iene nto veel the
improved infrastructure you have improved ; Statement because 1t was

? said.

ple's Republic of China said the highway
project was the “most important corridor,”

opportunity,” he said.

AGRIBUSINESS EXPO OPENS

=} GREEN-MINDED: The third
annual National Agribusiness
Expo hosted by the Ministry ff
of Agriculture and Marine
Resources opened yester- —y
day at Gladstone Road Agri-
cultural Centre. A wide vari-
ety of fruits, vegetables,
meats, marine products,
pastries, preserves, orna-
mentals, and handicrafts are
featured and offered for sale.
Fifty-one agricultural science
students will compete in root
crop, fruits and vegetables
categories. There also will
be cooking demonstrations
and culinary competitions
utilising native ingredients.
The expo will close on Sat-
urday at 2.15pm with an
awards ceremony.

Untrue

National Security Minis-

Gray’s statement was
“completely untrue” and

Speaker Alvin Smith

Mr Gray responded that

eaoee
ibune staff



Tim Clarke/Tr



THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 3



LOCAL NEWS

PUT UCT Te CS CC UT



Tim Clarke/Tribune staff



NDP says ‘repatriate fire
victims without legal status’

By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net

AFTER the Fire Trail Road
which left hundreds of Haitians
homeless, the National Devel-
opment Party (NDP) is urging
the Government to repatriate
those without legal status as
soon as possible.

Speaking to The Tribune yes-
terday just one day following
the massive blaze that con-
sumed the Haitian shanty town,
NDP leader Renward Wells
said that he knows this position
may be considered “harsh” by
some, but he feels it ought to be
the “de facto position” of any
government of the Bahamas.

“You can’t have people in
your country who are illegal,
who are breaking laws, who
were breaking laws by being in
the communities that they were
in. I know people think that is a
harsh reality, but when you live
in a society like the Bahamas
where you have so many rules
and regulations that just go
unenforced, and we talk about
our high level of crime and yet
we still see all of these issues
that take place, especially in the
immigration arena where we
do absolutely nothing. This is
a clear case where the agree-
ment we have with Haiti to
repatriate persons, we ought to
be doing that,” he said.

Minister of State for Social
Services Loretta Butler-Turn-
er said that the Department of
Social Services through the
National Emergency Manage-
ment Agency (NEMA) will

out of the Bahamas.

“They are here illegally.
That’s where it ends and that’s
where it begins. I think we need
to start with the realities on the
ground. They are here illegally.
And so you begin there and
you work yourself toward the
solution and the solution is that
if people are here illegally they
need to be sent home,” he said.

Hitting out at both Prime
Minister Hubert Ingraham and
PLP leader Perry Christie, Mr
Wells said that both the FNM
and the PLP have been too soft
on the issue of illegal immigra-
tion.

Mr Wells said that it boils
down to one of two things:

“Either the leaders are
incompetent or they are facili-
tating the situation by allowing
it to take place. Those are the

ey eee

eee

only two arguments you can
give. They are either absolute-
ly incompetent on the issue or
facilitators. If you are not
incompetent, and you are not
facilitators, then you would be
doing your jobs. We know
where these shanty towns are.
This is nothing new.

“We have seen them. The
Tribune was the paper that
pointed out that there are 38
shanty towns in Nassau, to the
dismay of many Bahamians.
Bahamians thought it was only
two or three. But to find you
have 38, and that’s just Nassau;
we are not talking about Aba-
co, we’re not talking about
Eleuthera, we’re not talking
about the growing shanty town
in Exuma, we’re not talking
about Grand Bahama. And
these things ought to be

Soe











mee Orr



CASSETTES

By LAMECH JOHNSON

FOLLOWING the huge fire that destroyed
the Fire Trail Road shanty town — the second
clapboard community razed to the ground in three
months — aid agencies are doing what they can to
assist the now homeless victims.

Caroline Turnquest, director general of the
Bahamas Red Cross Society, said the organisation
is providing basic necessities.

"We're a part of NEMA (the National Emer-
gency Management Agency) and so right now
we're assisting with bedding, sheets, water, food
and other basic supplies that can be of help to the
victims,” she said.

NEMA is headed by Stephen Russell, who was
at the site of the fire and is continuing to co-ordi-
nate help to the displaced community.

Mrs Turnquest said the Red Cross, NEMA
and the Ministry of Social Services will come
together after a full assessment of the situation has
been conducted, to make a decision on how to
proceed.

Meanwhile, she said, the society is willingly
accepting donations and help from members of
the public.

addressed.

“And it seems as if our lead-
ers themselves are encouraging
this by not enforcing the laws of
this country. We use these peo-
ple for all matters of malfea-
sance, labour, and I shan’t say
what other things. But the fact
of the matter is this situation
must be addressed and it must
be addressed forthwith. The
Bahamian people are calling
for it to be addressed,” he said.

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She said financial assistance can be dropped
off at their headquarters on John F Kennedy Dri-
ve. Volunteers can register there as well.

Kim Sawyer, Assistant Director of Social Ser-
vices, said her department is still not in a position
to give an accurate estimate of how many people
were displaced by the fire.

“At the moment, we have seen 125 persons,
but we are going back to do more assessments,”
she said.

Ms Sawyer said the department has to wait
until the figures are confirmed before its aid mech-
anisms can kick into gear.

Meanwhile, she said, "We are working with
non-government agencies to assist with the iden-
tification of the victims and providing basic essen-
tials along with hygiene kits.”

The Social Services official urged members of
the public to also assist in whatever way they can.

"Some of the victims lost everything. Whatev-
er the public can assist with, be it household items,
food, water — whatever they can provide will be
much appreciated,” she said.

Anyone interested in helping the displaced per-
sons can contact the Bahamas Red Cross on 323-
7370.

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issue emergency food assistance
to these Haitian nationals, but
that is the limit of what they
can do.

She said: “Unless they are
Bahamian nationals we cannot
extend all services that we do
for Bahamians”.

Seconding the sentiments of
Mrs Butler-Turner, Mr Wells
said that if the NDP were in
government, they likewise
would consider whether per-
sons have food and a place to
stay.

“But the fact of the matter
is the NDP’s position has
always been that we believe in
having a national database of
everybody who is in this coun-
try. We would have finger-
printed these persons, taken
pictures of them, and like I said,
they would be on the next flight

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PAGE 4, FRIDAY, MARCH 4, 2011

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

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.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-199]

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, PO. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. F-485, Freeport, Grand Bahama

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387

WEBSITE
www.tribune242.com — updated daily at 2pm

Weekend Agriculture Expo well worth visit

PRIME MINISTER Ingraham in opening
the third agri-business expo at BAIC’s Glad-
stone Road Agriculture Complex yesterday
stressed the importance of Bahamians becom-
ing more self sufficient in their food produc-
tion.

Earlier this year he “noted that oil prices
were rising with direct implications for the
production, supply and cost of food interna-
tionally. Continued turmoil in North Africa
and the Middle East suggests that these con-
cerns may not abate for some time with the
related effect of rising food prices for the
foreseeable future.

“Increased attention continues to be paid
to the impact on marine resources of rising
global temperatures and sea levels. The spe-
cific impact on our marine resources remains
unknown though there are estimates that are
alarming,” he said.

“On the export side, the marketing of agri-
cultural and fisheries products has become
more complex. In addition to meeting con-
sumer expectations with respect to quality
and presentation, ethical and environmental
issues are also critical in determining whether
a product will find favour in the marketplace.

“A well-formulated and articulated plan
with specific and quantifiable targets is there-
fore a necessary step in addressing the chal-
lenges and realizing the opportunities in the
global environment,” he told his audience.

With the Bahamas importing at least 80
per cent of its food from overseas at an annu-
al cost of more than $250 million it is impor-
tant that Bahamians learn to feed themselves
— if only with a backyard garden.

Students play an important part in this
year’s agricultural programme, some man-
ning booths showing off their produce, others
providing the entertainment. The islands of
Eleuthera, Andros, Cat Island and Long
Island are well represented at the expo.

Mr Rai Budhu, who is in charge of gov-
ernment’s agricultural programme for
schools, is there with his students and their
produce from Andros.

At today’s event Mr Budhu will give a talk
on government’s agriculture programme for
schools.

Berlicia Saunders of Sunland Baptist
Academy in Freeport opened yesterday’s
programme with the singing of the National
Anthem, followed by selections by the RM
Bailey Senior High School choir, a skit on
agriculture by students of Old Bight High
School, Cat Island, and a steel pan band from
Uriah McPhee Primary school. All of the
participants were under 14 years of age —
hopefully they will be the food producers of
the future.

Today there will be a culinary competition,
touring of booths, the professional bartenders
tropical drink competition, instructions in

tree pruning, a demonstration in compost-
ing, and a high school chefs culinary compe-
tition. Mr Alphono Smith, a BAIC officer,
will give a talk on BAIC’s plans to ensure
agricultural sustainability in the Bahamas.
And, of course, there will be plenty of music
to provide a festive atmosphere.

There is much to see and purchase from
the various booths — from fruit and vegeta-
bles, to jams, jellies, condiments, baked goods,
all made from home grown produce.

There is also straw work, and, of course,
the livestock section with the poultry, pigs
and goats.

Children will be delighted with the huge
sow and her seven suckling piglets. They also
will be fascinated to see and compare the
Bahamian sized native goat with her huge,
oversized offspring, the result of govern-
ment’s recent in vitro fertilization programme
to improve the local stock.

Saturday — the Governor General’s Day
— will be a day for buyers when visitors can
tour the booths to make their purchases.

During the morning student apprentices
will participate in a bread baking competition
and at noon Mr Basil Miller of BAIC will
give a talk on planned propagation. At 2pm
there will be a male master grill competition
with the HM Prison’s pop band playing for
the crowd.

The awards ceremony will be held at
2.30pm, followed by a performance by the
National Youth Choir, and the National
Dance School. There will be music all day
until the close of the programme Saturday
evening.

At yesterday’s opening, Mr Ingraham
commended the Ministry's Backyard Gar-
dening Programme which encouraged New
Providence households to produce some of
their own food.

“This,” he said, “is a timely project, given
projected rising food costs, but also important
as we seek to promote and support healthier
eating and lifestyles among our citizens as
well as the production of organic crops.

“Moreover, the Backyard Gardening Pro-
gramme is a part of a mini-revolution in agri-
culture in terms of our attitudes about farm-
ing as well as helping an increasingly urban
Bahamas to reconnect to the land.”

Mr Ingraham said that Agriculture Minis-
ter Larry Cartwright, himself a farmer from
Long Island, “knows intimately the great
benefits of small scale gardening and farm-
ing. ”

Mr Ingraham applauded Mr Cartwright
“for his outstanding leadership, this time in
relation to a programme that has issued more
than 4,000 kits to Bahamians to garden in
their own backyard.”

We recommend the Agri-Business expo as
a worthwhile family outing for this weekend.

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Nassau



A positive
step in right
direction

EDITOR, The Tribune.

In Thursday 24th of Feb-
ruary 2011 edition of The
Tribune on page 10, appears
an article under the heading
“We the people” to create
a Police Athletic League to
keep youths off the streets. I
wish not only to salute Mr
Fields and his organisation,
but to take my hat off to
them for coming forward
with such an excellent pro-
ject at this crucial point in
time of escalating criminali-
ty in our society. Kudos also
go out to Commissioner
Greenslade for so readily
accepting and embracing the
opportunity to partner with
so excellent a project which
can only spell success if
managed properly.

In 1952, as a young con-
stable, I started a similar
project in the Catholic
schools in New Providence
called the Catholic Youth
Organisation (CYO) from
this organisation many end-
ed up in the police force and
served this country well.
There were no Service
Clubs in the nation at that
time and I had to rely on the
cooperation of the teachers
and parents. There are a
number of Service Clubs in
our society at this time,
many of which are making
their presence felt in our
communities. It will bode
well with the COP if he can
persuade a number of
Senior Officers of and above
the ranks of Inspectors, to
join a service Club of their
choice. Such an exercise will
increase public relations
between the entities and cre-
ate ready partners in any
community initiatives
planned by the Force. In the
mid and late 1960s such
partnerships between the
Force the Kiwanis Club of

LETTERS

KeUUCLEN@UNALONUalelantere (eM aledE



Nassau and the Rotary Club
of which I and Mr Albert
Miller were respective mem-
bers, worked wonders for
joint sponsored initiatives
by those clubs and the force.

We will do well to remem-
ber that there is nothing new
under the sun and that what
goes around will come
around. This initiative, if
well organised, well super-
vised and well managed can
do wonders in rescuing hun-
dreds of uncontrolled and
unsupervised youths roam-
ing our streets between 3
and 8pm daily. I humbly and
sincerely make the follow-
ing suggestions for consid-
eration by the committee
responsible for the imple-
mentation of the pro-
gramme.

¢ That all divisions of the
force excepting central divi-
sion create a youth club for
youths in their area, males
and females.

¢ Programmes to include
all aspects of sports, includ-
ing boxing and swimming.

¢ That all service clubs in
New Providence be invited
to be a part of this most
important drive.

¢ That basketball, volley
ball and tennis courts be
built at police facilities
where they do not now exist.

¢ That Coaches from all
existing sports organisations
be lobbied for voluntary ser-
vice.

¢ That sponsors from cor-
porate citizens be sought by
each area division to sup-
port the initiatives.

¢ That all news media be
invited to be a part of the

programme,
e¢ That where necessary,

government be petitioned to

help. (Ministry of Sports)

e That a National com-
mittee of members from
“We the People”, the police,
the media and all sport
organisations be appointed
for the drafting, implemen-
tation and supervision of
programmes

e Physical training and
foot ceremonial drills by
police instructors for
parades with regular friend-
ly competition between divi-
sions.

This programme is a
sound one that can gener-
ate positive results save for
one aspect, and that is a
demand for pay in order to
be a part of the programme.
Because of the constant rip-
offs by many supposedly
charitable programmes in
this nation, including the
One Bahamas programme,
over the years, parents are
sceptical when they hear of
paying or making donations.
This programme must be
strictly charitable and vol-
untary. I will agree that it
will take money to deal with
such a venture; but the pit-
tance that families could
afford in these hard finan-
cial times could and would
not make a dent into the
amount required. This is
why I am suggesting that
corporate Bahamas, the ser-
vice clubs and the govern-
ment, sports ministry, be
invited to be a part of this
initiative. This is definitely
a step in the right direction;
let us not abort it in its
embryonic stage.

ERRINGTON

W I WATKINS
Nassau,

February 24, 2011.

Public must know about these
unscrupulous business practices

EDITOR, The Tribune.

The grand public viewing of NADS’ New
Airport Terminal was on Saturday.

The response by the public was very good, so
good that when I went to park in the long
term parking lot, it was full, and I was direct-

on deaf ears, I repeatedly told him that the
long term lot was full, etc...and he insisted that

tices.

I pay the full $60.

I did with regret and I also informed him
that the public must know and will know, and
be aware of these unscrupulous business prac-

ed by a member of the Royal Bahamas Police
to park in the short term lot.

I was not attending the opening, but I was
actually travelling.

When I got back home a day later, I was
charged $60 for parking for one day.

Well I was very annoyed at this, since NAD
could not accommodate me in the long term
parking, and then had the nerve to charge me
for their absurd short parking rates.

Iimmediately asked to speak to the super-

Iam a Bahamian, I do hope that this report

will reach the editor’s column.

We can sit quietly when we are being ripped

off.

It’s not about the small amount of money,

but the principle of the matter.

If one cannot accommodate the cars for

parking in long term, why should the public
pay the absurd short term parking fees?

Let’s stop this! It’s not right.

visor of the parking lot, and he turned up a few

minutes later.

However to no avail, what I was saying fell

THEO
Nassau,

February 28, 2011.

Bahamas Humane Society hacks passing
proposed Disability Rights Legislation

EDITOR, The Tribune.

I read with great interest and
compassion the letter from Mr
Jerome Thompson to the Edi-
tor on February 25th.

I would like to make it very
clear that, we, at the Bahamas
Humane Society are in total
support of passing the proposed
Disability Rights Legislation to
give equal rights and opportu-
nities to all Bahamians with or
without disabilities, and to assist
those with special needs.

Many countries around the
world have various pro-
grammes where dogs are
trained to be companion ani-
mals that help people with var-
ious disabilities.

The Potcake is a highly intel-
ligent dog and could quite pos-
sibly lend itself to this kind of
training.

Many people think that the
Potcake is inferior because they
see so many scruffy examples
on the streets of our towns.

They are only scruffy because
we have not learnt the value of
these animals that are the prod-
ucts of crossbreeding of many
extremely expensive and high-
ly pedigreed dogs brought into
our country over the years.

We, at the Bahamas
Humane Society, would wel-
come any form of interaction
between disabled citizens and
our dogs. The bond and trust
that can be built up between
dog and his owner can help
alleviate stress and help to build
up self-confidence and self-
esteem.

These animals could be
trained to help people do things
that they are unable to do on
their own.

Dogs are used all over the
world to help the blind see, the
deaf hear, the epileptic know
when a seizure is oncoming, the
anxious when an anxiety attack
is nearing, they are being used
to detect cancer, and other ail-
ments... their sensitive noses

can sniff out bombs, drugs,
food, they are even used to
detect bedbugs in hotels! Here
we do not even explore these
possibilities!

It would make us very proud
at the Bahamas Humane Soci-
ety to be able to help provide
assistance to people with a dis-
ability...If there is ever any-
thing that we can do to help the
cause and assist people we
would be more than happy to
play an active part in helping
people have happier and easier
lives.

Mr. Saunders, I don’t know if
the Government cares more
about animals than people with
disabilities, it’s not my place to
say, but I would like you to
know that we, at the Bahamas
Humane Society, are 100 per
cent behind you.

KIM ARANHA
President,

Bahamas Humane Society,
March, 2011.



THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 5



LOCAL NEWS



Defence Force
vessel intercepts
hoat believed to

contain marijuana | @

A ROYAL Bahamas
Defence Force (RBDF) ves-
sel intercepted a go-fast vessel
and a number of packages
believed to contain marijuana
off Great Inagua during a
joint operation with Opera-
tions Bahamas Turks and
Caicos (OPBAT) on Wednes-
day.

The go-fast vessel was ini-
tially sighted by an OPBAT
helicopter operating out of
Great Inagua. Asa result, the
Defence Force vessel, HMBS
P-130, was dispatched from
the Defence Force Base in
Inagua just before noon.

RBDF officers stationed at
the OPBAT centre also
accompanied the Defence
Force vessel.

The go-fast vessel was
eventually intercepted around
2pm that afternoon approxi-
mately 30 miles west of Great
Inagua with the assistance of
the OPBAT helicopter. Five
Bahamian men were subse-
quently arrested and a num-
ber of packages believed to
be marijuana were retrieved
from the water.

While enroute to Great
Inagua, P-130 intercepted
another go-fast vessel; how-
ever, no contraband was
found. The four Bahamians
found onboard this second
vessel were also taken into
custody by P-130 and trans-
ported to Inagua later that
night.

The nine Bahamians and
suspected drugs were later
turned over to local police at
Matthew Town, Inagua for
processing.

OPBAT is a tripartite
agreement between the Unit-
ed States, the Bahamas and
the United Kingdom (Turks
and Caicos Islands) to
enhance drug interdiction
efforts between the three
countries. P-130 is an inter-
ceptor vessel that was donat-
ed to the Defence Force
under the US Enduring
Friendship programme to
enhance maritime security
assistance among regional
partners.

‘eoleai as

Pinewood man
sentenced

for marijuana
possession

A 39-year-old Pinewood
Gardens man has been sen-
tenced to a year in jail after
pleading guilty to a marijua-
na possession charge.

Brian Ricardo Bullard
pleaded not guilty on
Wednesday to the charge of
possession of marijuana with
the intent to supply. Accord-
ing to the prosecution,
Bullard was found in pos-
session of three pounds of
marijuana on Monday, Feb-
ruary 28.

The drugs, according to
the prosecution, were dis-
covered inside a Pinewood
Gardens residence during a
search by police officers.
Deputy Magistrate Carolita
Bethell sentenced Bullard
to one year in jail.

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

THE Water and Sewerage
Corporation yesterday denied
that there was any impropriety
in its awarding an expansion
contract to the Consolidated
Water Company.

The WSC, hitting back at
the PLP which earlier this
week raised concerns about
the relationship between the
government corporation and
the water company, also
denied that Consolidated
Water now has a monopoly
over water delivery in New
Providence.

The PLP had expressed con-
cern that a contract to expand
WSC’s Blue Hills facilities was
awarded to the Consolidated
Water Company without the
correct public tendering
process.

The party also described
WSC's decision to enter into
a new contract with Consoli-
dated Water as a “highly ques-
tionable” development.

Responding to the opposi-
tion party, WSC chairman
Anton Saunders said that the
corporation’s executive man-
agement and the board of
directors “are satisfied that
there was no impropriety in
the bidding process, and that
the decisions and actions taken
were transparent and in the
best interest of the Bahamian
people.”

He explained that competi-
tive bidding normally takes 18

WSC hits back at PLP
concerns raised this week

to 24 months, “but this time-
frame would have increased
the risk to the Bahamian pub-
lic of sustained water shortages
during the transition period.”

He said the corporation
knew that they had to improve
water production on an accel-
erated schedule due to the
relocation of the WSC’s con-
tainer terminal facilities to
Arawak Cay.

Mr Saunders said: “The
downtown redevelopment ini-
tiative dictated that container
terminal facilities would be
relocated to Arawak Cay by
mid-2011 and all of the corpo-
ration’s facilities would have
to be relocated to the south-
ern side of Arawak Cay to
accommodate.”

According to Mr Saunders,
the corporation would have
needed an additional $3 mil-
lion from the government in
order to finance barging and a
new port facility. Instead, funds
allocated for relocation would
be used to construct a new
five-million gallon storage tank
at the Blue Hills low level stor-
age compound and, as funds
allow, other pipework
improvements.

Mr Saunders said that this
move would negate costs asso-
ciated with maintaining barg-
ing beyond 2011.

It was estimated that water

barged from Andros accounts
for three million imperial gal-
lons daily (MIGD) or 30 per
cent of the total water provid-
ed in New Providence.

Mr Saunders said that
despite its efficiency, the orig-
inal water supply strategy for
New Providence called for the
eventual replacement of barg-
ing as it is more costly, less reli-
able, and the water is of poor-
er quality. The corporation
expects to eliminate shipping
in eight months.

The WSC, he said, solicited
and received proposals from
three firms: Consolidated
Water, New Providence Devel-
opment Company (NPDC),
and Reiss Engineering, to
increase production capacity at
Blue Hills and construct new
facilities at Windsor on an
accelerated schedule.

“Consolidated was chosen
for obvious reasons as it has
facilities at both locations.
NPDC was chosen because the
corporation has been in dis-
cussions over the years regard-
ing the corporation supplying
NPDC and formalising its pre-
sent operations in the west.

“Reiss Engineering is a well
respected international and
local firm, who it was deter-
mined had the necessary tech-
nical capability to execute such
a project. Those approached

were specifically required to
meet a stringent price ($6-
6.50/1,000 gallons) and time
(six-nine months) criteria. The
price criteria was related to the
cost of shipping where direct
costs for charter hire, fuel, and
lube oil alone are $6.50, and
overall costs excluding staffing
total $7.60 per thousand impe-
rial gallons, and the time crite-
ria was related to the schedule
for full relocation of the cor-
poration’s facilities at Arawak
Cay without incurring signifi-
cant additional capital expen-
diture,” he said.

Mr Saunders added that the
potential sites were chosen to
minimise additional capital
expenditure due to existing
infrastructure and planned
improvement projects such as
the new JFK Gateway and the
Robinson Road improvements
under the New Providence
Road Improvement project.

“Two of the three firms met
the criteria. As a result, execu-
tive management recommend-
ed and the board approved the
award of a contract to Consol-
idated to expand the Blue Hills
facility, and an award to NPDC
following further negotiations
and discussions on its franchise
area. A binding agreement has
been signed with Consolidat-
ed Water (Bahamas) Ltd to
increase water purchased at the
Blue Hills plant by 3.55 MIGD
at a cost of $6.20 per thousand
imperial gallons and contrac-
tual terms have also been sub-
stantially agreed with New
Providence Development



Minister of Finance announces
E-government programme launch

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

ADDRESSING the House
of Assembly yesterday morn-
ing, Minister of Finance and
MP for Marco City Zhivargo
Laing announced that the E-
government programme would
be launched by mid-summer.

He said: “By the end of July
of this year it will be possible
to execute this programme,
that will put the Bahamas in a
position to advance forward in
a ways that have yet to be
seen”.

According to Mr Laing, $10
million will be spent in an
effort to advance E-govern-
ment in the Bahamas — allow-
ing, among other things, for
persons to apply for business
liciences, pay real property tax-
es, pay fixed penalty fines and
renew drivers liciences online
from anywhere in the world.

Mr Laing said contracts
worth almost $650,000 have
been signed with a Singapore
consultancy group, which will
be spearheading the E-gov-
ernment initiative, and agree-
ments worth more than $4.6
million have been signed with
IBM for the hardware, soft-
ware and ongoing services for
the programme.

Addressing the “inefficien-
cy” of the government’s cur-
rent website, Mr Laing said the
government has made an
investment to reform and revi-
talise the platform.

He said that “while beauti-

Zhivargo Laing

ful”, the government’s “virtual
face to the world is not user
friendly and does not work in a
way that an effective govern-
ment would want a website to
work”.

Mr Laing said a Canadian
Company has been contract-
ed for $500,000 to complete
the revitalisation of the website
so that both Bahamians and
foreigners will find it useful
and informative.

He also announced that the
government plans to spend
$800,000 on a “business intel-
ligence solution” that will com-
pile all government documents
into a central “virtual data
warehouse”.

While not everyone will
have access to the system, Mr
Laing said, it will increase gov-
ernment efficiency and make
life easier for Bahamians.



Bimini man wanted
for questioning in
connection with robbery

THE Central Detective Unit is seek-
ing the public’s assistance in locating a
Bimini man who is wanted for question-
ing in connection with a robbery.

Police are searching for 25-year-old
Wansal Ricardo Rolle, alias “Chedder”.

According to the all-points bulletin
issued for Rolle, the suspect has a light
brown complexion and weighs approxi-
mately 200Ibs at a height of 6’2”.

His last known addresses are Davis
Street, Fox Hill and Bailey Town, Bimi-

ni.

Rolle is considered armed and

extremely dangerous.

If the suspect is seen approach with
caution and contact the police at 502-
9910 502-9991 or Crime Tipsters at 352-
1919 or 328-8474, and in Bimini at 347-

3144 or 919.



Wansal Ricardo Rolle




4

FORKCHEFS/AND,

: a



cenendinnttionaaialae

ee

SHOE STORE

121 EAST ST. PH 322-5276

Water and Sewerage denies
xpansion contract impropriety



ry

Anton Saunders

Company for two MIGD at
$6.30 per thousand imperial
gallons,” he said.

“Consolidated Water will
not be in a monopolistic posi-
tion in New Providence in light
of imminent award of a con-
tract with New Providence
Development Company to sup-
ply a further two MIGD.”

Mr Saunders added: “The
additional supplies will also
position the Corporation to
meet the anticipated demands
from Baha Mar in the short
and long term. Production
capacity on New Providence
will improve from barely meet-
ing present demand of 10.5 to
11 MIGD, to fully satisfying
that demand in addition to hav-
ing the capacity to serve Baha
Mar and allowing existing
groundwater resources to be
rested.”

Hal
as

FOR PEST PROBLEMS
PHONE 322-2157



Een

Tae oe
Sree





Teles



PAGE 6, FRIDAY, MARCH 4, 2011

THE TRIBUNE





Anglican Diocese
fun/run walk set
for Saturday

THE Anglican Diocese
of the Bahamas and the
Turks and Caicos Islands,
in celebration and thanks-
giving of its 150th anniver-
sary as a Diocese, will hold
a family fun runAvalk on
Saturday.

The event will begin at
Christ Church Cathedral at
6am and is expected to
attract hundreds of Anghi-
cans from all 18 New Provi-
dence parishes, as well as
members of the public who
wish to participate in this
healthy life-style activity.

THE ROUTE IS

AS FOLLOWS:

¢ Christ Church Cathedral,
south on George Street to
Princess Street

¢ West on Princess Street to
Baillou Hill Road

¢ South to Baillou Hill Road to
Wulff Road

« East on Wulff Road to
Collins Avenue

¢ North on Collins Avenue to
Shirley Street

¢ West on Shirley Street to
Elizabeth Avenue

¢ South on Elizabeth Avenue
to Sands Road

¢ West on Sands Road to
Addington House (The Angli-
can Diocesan Office)

Chairperson for the 150th
Anniversary, Idris Reid,
said the event is timely, as
more and more Bahamians
are paying attention to
their health.

“More and more
Bahamians are becoming
health conscious and realis-
ing the importance of exer-
cise, and so this family
fun/run walk will provide
an opportunity for us as
Anglicans to come together
as a church family in a
healthier church as we fel-
lowship together and cele-
brate our 150th anniver-
sary,” said Mr Reid.

The fun run/walk has sev-
eral competitive elements,
and prizes will be awarded
to the church with the
largest number of regis-
trants, as well as individual
prizes for the top three win-
ners in various age cate-
gories.

The registration fee is
$15 which includes a T-
shirt. Persons may register
at any New Providence
Anglican church.

LOCAL NEWS



Tim Aylen/Photo

BEST FRIEND: Film star Alec Baldwin presents Amigo with the Ambassador of Good-
will Award for his work promoting spay/neuter programmes. Pictured with him are
Amigo’s friend and trainer, William Grimmer and owner Frances Singer-Hayward.

Amigo Fund,
Humane Society
sponsors GB
spay/neuter
field clinic

THE late Bahamian potcake star
‘Amigo’ is still hard at work through a
special fund which assists with animal
protection initiatives.

The latest mission of the Amigo
Fund along with the Humane Society
International has been to help sponsor
the recently held spay/neuter field clin-
icin Eight Mile Rock, Grand Bahama.

The issue of spaying and neutering
cats and dogs is one Amigo was
strongly associated with in his lifetime
as the official ‘poster dog’ of the
Humane Society of the Grand
Bahama Spay/Neuter Campaign.

He was featured on its posters as
well as in full page adverts in tourist
magazines, raising awareness of this
important method of controlling pet
overpopulation.

Amigo’s Fund is a Bahamian chari-
table trust (amigosfund.org) which was
set up after the potcake’s death to
honour his legacy and mission and has
helped HSGB to sponsor prior spay/
neuter initiatives and ‘puppy lifts’.

Amigo, through his association with
the Humane Society of the United
States (HSUS) as the star of the
‘Bekind Campaign’, and most notably,
along with HSUS CEO Wayne Pacelle
and hip hop impresario Russell Sim-
mons, was featured in public service

announcements in the US dealing with
the issues of dog fighting and cruel
animal trapping. Both PSAs can be
seen in the “watch” section of
bekind.org.

Amigo was also the inspiration
behind the potcake series of Bahami-
an commemorative stamps featuring
paintings by famed local artist Alton
Lowe.

Amigo’s Fund founder and HSGB
honorary chair Frances Singer—Hay-
ward, who rescued Amigo from the
bush as a starving and diseased stray
potcake, said: “I cannot possibly imag-
ine a more appropriate endeavor for
Amigo to be associated with then a
spay/neuter initiative, partnering with
his old and dear friends both at
HSUS/HSI and the Humane Society
of Grand Bahama. We can only pray
that everyone will become more sup-
portive of initiatives such as this and
that pet owners themselves will be
responsible enough to have their own
animals sterilised if they are free to
wander and mate, adding to the trag-
ic homeless animal problem resulting
in unthinkable animal suffering, so
prevalent on Grand Bahama island.
We thank all those who were involved
and fervently hope that this is only
the beginning.”



MINISTRY of Works and
Transport officials have set up
an Information desk in the
Mall at Marathon where mem-
bers of the public can go to
learn more about the ongoing
road works in the Robinson
Road and Marathon Road
area. Alfred Marshall (stand-
ing) is being brought up to
date on the progress of the
road project. Seated, from
right, are: Sgt 1235 Garland
Rolle, RBPF Traffic Depart-
ment; Charlene Collie-Harris,
project engineer, Ministry of
Works; Andrea Butler, execu-
tive officer, Ministry of Works;
Latoya Walker, public rela-
tions officer, Jose Cartellone
Construcciones; and Francis
Clarke, project engineer, Min-
istry of Works.

ST: CECILIA’S CATHOLIC CHURCH

To: All Members Of Salem Baptist Church
CoC porative Credit Union Linited.

MINISTRY OF WORKS AND TRANSPORT SETS UP NEW
INFORMATION DESK IN THE MALL AT MARATHON

















¢@ ~
7 SATURDAY MARCH 5â„¢, 1011
Cultural & Heritage Site,
Arawak Cay

New Proevidenos, Bahanws.

Annual General Vesting (AG hh

Itis hereby notified pursuant ta section 21f4}
ofthe cooperative societies act of The Baha-
mas, that the annual general meeting of The
Salem Baptist Cotdperative Credit Union Lin-
ted will be held at The Salera Baptist Church,
Educational Building, Tawar Street, on Tuesday
hlarch & at ?.00pri.

The purpose of the meeting vill be to re yieyy
The Audited Financtal Statements for 2009,
election of affcers and ta discuss importart
matters pertaining ta The Credit Union.

It is further notified that there vill be no second
call meeting.

All hlernbers Ave Required To Attend Share Your news
The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
as you are raising funds for a
good cause, campaigning
for improvements in the &s
area or have won an G7
award.

If so, call us on 322-1986
and share your story.

Nathaniel Adderley
Director Of Societies





THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 7

LOCAL NEWS



Water plant to be built in
Williams Town, Exuma

GEORGE TOWN, Exu-
ma — Minister of State for
the Environment Phenton
Neymour announced that
the government will install a
reverse osmosis (RO) plant
in Williams Town to meet
the present and future needs
of the Little Exuma settle-
ment.

“Williams Town is a set-
tlement of approximately 70
homes who receive water
through typical groundwa-
ter wells,” Mr Neymour said
during a tour of the settle-
ment on February 27. “We
gave approval to the Water
and Sewerage Corporation
(WSC) last week to install
a reverse osmosis plant at
this site, with six 5,000-gallon
storage tanks.”

Mr Neymour was a mem-
ber of a delegation to the
island led by Prime Minis-
ter Hubert Ingraham. They
visited other sites for infra-
structural development, such
as the old naval base site,
the dock in George Town
and the Ferry Bridge that
connects Great and Little
Exuma.

Also in the delegation
were: Minister of State for
Land and Local Govern-
ment Byran Woodside,
senior government officials,
outgoing Ambassador of the
People’s Republic of China
Hu Dingxian and represen-
tatives of the China Harbour
Engineering Company.

Minister Neymour noted



By LAMECH JOHNSON

JUST days after the unoffi-
cial opening of the Harry C
Moore Library and Informa-
tion Centre at the College of
the Bahamas, some students
have already spoken out
about the shortage of books
in the new facility.

Jillian Russell, a secondary
education major specialising
in language and literature,
shared her concerns with The
Tribune on the matter.

"They need to hurry up
and get new books," Ms Rus-
sell said, adding that while
she likes the new library, it
will continue to feel incom-
plete until the shelves are
more full.

Ashley Thompson, a bio-
chemistry major, agrees that
there are not enough books.

She described the new
library as “impressive”, but
said this could be a good or a
bad thing.

“It's a step up from the old
library but it might be too
extravagant. It looks like a
mall,” she said.

Nursing major Shaniqua
Roberts said the new facility
“is cool” and has ample space
and many study rooms. “It
also has a wide variety of sit-
ting areas where one can
occupy their time. I like it,”
she said.

Ms Roberts said that unlike
her fellow students, she is not
affected by the lack of books
— because she does not use
them.

She explained that most of
her research is conducted on
EbscoHost, one of the many
online databases that students
of COB have access to.

Some of the lecturers took
time to tour their new library.

Hugo Zarate of the School
of Journalism and Communi-
cations said he was impressed
by what he saw.

“Media students will real-



(left) speaks in front of the groundwater well that currently provides
potable water to Williams Town, Exuma, as Prime Minister Ingraham

looks on.

that WSC had already start-
ed the preliminary ground-
work on the RO project and
that two of the tanks are
already on site.

“There will be four more
tanks delivered to this site
to provide reverse osmosis
to the residents who have
been plagued — as some of
you who are here today can
witness — with the smell of
hydrogen sulphide problems
due to the pond nearby,” he
said.

Mr Neymour said the
mains have already been
installed and run directly to
all homes in the community.

ly benefit from the new spaces
and facilities,” he said.

As one of the teachers
working on introducing a
Bachelor's Programme for
Media Journalism, he says the
new library couldn't have

REEFA CHE

All that remains is for the
system to be connected to
the RO plant once it is up
and running.

He added that the WSC
will have to install two deep
disposal wells to remove the
brine created at the plant,
as well as a seawater well
for extracting water.

“We anticipate to award
the contract within the next
month and the construction
will take three to five
months before completion;
so we expect the project to
take about six months for
the residents to receive the
water,” he said.

come at a better time.

The Tribune attempted to
contact senior library staff
about the sparse collection of
books, but messages were not
returned up to press time last
night.



THE TWO 5,000-
gallon water tanks
that are already on
site. There will be a
total of six tanks
when the RO plant
is complete.

Eric Rose/BIS

BU

Sunday March 6th 2011
Green Parrot East Bay Streeth
RUE er eR UT |

Juice, Coffee and Tea

White) ol rer re ee hated
Potato,Salad;,Mixed,Greens-and
Cole Slaw

Peas and Rice, Macaroni
Vegetable Medley
French Toast

Chicken Marsala
Steamed! Mahi Mahi
Made to OrdenOmelets

Dessert

‘$19.95

‘Gratuityiis notlincluded

Nassau Hortowr Front

T:322-9248



In partnership with the

DEPARTMENT OF EDUCATION

Special Education Training Series-Phase Four

“Training for Parents & Individuals who serve Children with Special Needs:
Cognitive, Learning, Communication, Social & Physical”

This five session course will educate parents & other individuals on a variety of topics related to current issues &
ideas for assisting children with special needs. It will provide significant information and develop practical strate-
gies for promoting the success of each child. Each session will be collaborative with the goal of assisting each
participant in creating an effective course of action for providing the best care and positive opportunities for a child

with a special need.

Instructor: Michael McGinty, M.Ed., Principal, Bright Horizons School, FL.

* Free of Charge (donations welcome) * Child Care available

Dates
Times

: Orientation: February 12th Sessions: March 5th & 26th, April 9th, May 7th & 21st
: Saturdays 10.00am-12.45 pm

SESSION ONE

Saturday, March 5th at Queen's College, Village Road
10 a.m. — 11.15 — “Historical Overview and Possible Causes of Disabilities”
11.30 = 12.45 p.m. “Developing a Collaborative Individualized Education Plan’

* Pre-registration not required

For further information or if transportation needed: Please call the REACH Office & Resource Centre 328-4123

or @-mail reachautismbahamas@yahoo.com





THE TRIBUNE

PPT Pa PAT
NAVEL

= ORANGES




aia)
SEEDLESS

YELLOW

FRIDAY, MARCH 4, 2011, PAGE 9
LOCAL NEWS

Bahamas, US, Canatla,
Caribhean and Latin

A h¢ ta American nations in

Tratlewinds exercise





a4 APES ONIONS Coast guard, law enforcement

THIRTY representatives from the Bahamas
joined the US Marines and 22 partner nation
coast guard branches, law enforcement and
ground forces in Antigua and Barbuda on
Wednesday to participate in exercise

3 Ib. bag
Tradewinds 2011.

_ The, Tradewinds is a joint-combined, inter-agency

‘ta exercise and will involve US personnel from
the Marine Corps, Coast Guard, Army, Navy,
Air Force, National Guard, Joint-interagency
Task Force-South, Naval Criminal Investiga-
tive Service and the Federal Bureau of Inves-
tigation along with forces from: Antigua-Bar-
buda (Host nation), Bahamas, Barbados,
Belize, Canada, Colombia, Dominica, Domini-
can Republic, El Salvador, Grenada,
Guatemala, Guyana, Haiti, Jamaica,
Nicaragua, Panama, St Kitts-Nevis, St Lucia, St
Vincent, Suriname, Trinidad-Tobago.
Tradewinds is a annual US Southern Com-
mand sponsored exercise conducted in coop-
eration with Caribbean Basin, Central and
South American Partner Nations with the goal
of improving cooperation between partner

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enforcement, basic infantry and maritime oper-
ations training tracks.

“The goal of Tradewinds 2011 is to increase
cooperation among CARICOM, Regional
Security Service (RSS) and other partner
nations.

“This exercise will improve operational cen-
tre management, basic infantry skills, law
enforcement tactics, techniques and proce-
dures, search and rescue, maritime interdiction
operations and maritime operating proce-
dures,” said Major Eric Dominijanni of the
US Marine Corps Forces, South, exercise coor-
dinator.

“The US and the Caribbean share common
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A WOMAN is seen through the barbed wire of an adjacent United Nations watchtower, soon after secu-
rity forces fired to disperse women protesting for a peaceful solution to the nation's ongoing political
crisis, inthe Attecoube neighborhood of Abidjan, lvory Coast Thursday, March 3, 2011. Security forces
loyal to the man clinging to power in Ivory Coast fatally shot six women protesting his refusal to leave
office Thursday, as the U.N. said more than 200,000 people have fled the intensified fighting.The
demonstrators were cut down by machine gunfire in Abobo, the suburb that has been the scene of the
bloodiest clashes in the three-month-long-crisis. (AP)

ABIDJAN, Ivory Coast
Associated Press

SOLDIERS backing Ivory
Coast's defiant leader mowed
down women protesting his
refusal to leave power in a hail
of gunfire on Thursday, killing
at least six and shocking a
nation where women's marches
have historically been used as a
last resort against an unre-
strained army.

Because the president's secu-
rity force has shown almost no
reserve in opening fire on
unarmed civilians, the women
decided this week to organize
the march in the nation's com-
mercial capital, assuming sol-
diers would be too ashamed to
open fire.

But at least six of the thou-
sands of women demonstrating
Thursday were killed on the
spot, said Mohamed Dosso, an
assistant to the mayor of
Abobo who said he saw the
bodies.

The three-month old conflict
in Ivory Coast has entered a
new level of intensity. With
each passing day, the regime of
Laurent Gbagbo is proving it
is willing to go to any length to
stay in office following an elec-
tion that international observers
say he lost.

Sirah Drane, 41, who helped
organize the march, said she
was holding the megaphone
and preparing to address the
large crowd that had gathered
at a traffic circle in Abobo.

"That's when we saw the
tanks," she said. "There were
thousands of women. And we
said to ourselves, ‘They won't
shoot at women.’ ... I heard a
boom. They started spraying
us. ... I tried to run and fell
down. The others trampled me.
Opening fire on unarmed

women? It's inconceivable."

The attack prompted an
immediate rebuke from the
US., which like most govern-
ments has urged Gbagbo to
step down and has recognized
his rival as the country’s legiti-
mate president.

"The moral bankruptcy of
Laurent Gbagbo is evident as
his security forces killed women
protesters,” said U.S. State
Department spokesman P.J.
Crowley in a Twitter message.

In New York, the U.N. Secu-
rity Council said it is "deeply
concerned" about the escala-
tion of violence in Ivory Coast
and that it could lead to a resur-
gence of civil war there.

Nearly 400 people have been
killed in the west African coun-
try, including 32 in the last 24
hours, almost all of them men
who had voted for opposition
leader Alassane Ouattara,
according to U.N. figures and
combined with deaths con-
firmed by The Associated
Press.

Last week, Gbagbo's securi-
ty forces entered the Abobo
neighborhood and began
shelling it with mortars, a
shocking escalation indicating
the army is willing to use war-
grade weapons on its citizens.
Before that, the bodies seen by
reporters had bullet wounds
where the point of impact was
marked by a single stain of
blood. Since the escalation, the
bodies seen by reporters have
arrived at the morgue in body
bags dripping with blood.

A 14-year-old's corpse had
hundreds of shrapnel wounds
across the chest, and the doctor
who attempted to save him last
week said the wounds were the
result of a fragmentation
grenade, similar to those used
in Iraq and Afghanistan.

In Abobo, the official in the
mayor's office said that one of
the women had been ‘torn to
pieces’ by the barrage of gun-
fire.

"A woman," Dosso said in
disbelief.

For days, families carrying
suitcases streamed out of the
district in a massive exodus. At
least 200,000 people have fled
the suburb, said Guillaume
Nguefa of the human rights
division of the U.N. mission in
Ivory Coast.

"In Abobo district, the gov-
ernment is using heavy artillery
weapons against people,” he
said.

Multiple delegations of
African leaders have come
through Abidjan, Ivory Coast's
commercial hub, to try to per-
suade Gbagbo to leave office.
Gbagbo has rejected all their
proposals and offers of
amnesty, including the United
State's offer of a professorship
at a Boston university.

Gbagbo, a former history
teacher, has refused to cede
power, even though U.N.-cer-
tified results showed he had lost
the race by half-a-million votes
to Ouattara.

Instead, he demanded the
U.N. leave the country and
accused them of meddling in
state affairs.

For months, his security
forces led near-daily raids in
places such as Abobo, and the
morgues began filling up with
young men shot at point-blank
range.

Last week, one of the
morgues ran out of space, forc-
ing workers to stack bodies on
the floor. In January, the odor
from the morgue could be
smelled from the parking lot.
Now, it projects itself across the
street.



PAGE 10, FRIDAY, MARCH 4, 2011

THE TRIBUNE



MP denies fire was

started deliberately

‘Violent criminals’ in
BIC protest crowd

FROM page one i

Speaking in the House, the
National Security Minister
said: “If someone asks me,
what do I do in terms of ensut-
ing the safety of the chief exec-
utive of the country, it is sure-
ly not to walk toward that
crowd.”

He added that Mr Ingra-
ham is the sort of man who
would never ask another
person to do something the
Prime Minister would not do
himself.

Immediately after Mr
Turnquest made his com-
ments, PLP MP for West
End and Bimini Obie Wilch-
combe told the House his
party was not responsible for
“any unsavoury characters”
turning up in Rawson
Square.

Mr Wilchcombe said: “At
no time was it our intention
to put the PM’s life in jeop-
ardy. We believe in freedom
of speech and the right to
assembly, but at no time
would we put life in jeop-
ardy.”

The protest, organised by
a group known as Save BTC
for Bahamians, was also
joined by BTC union repre-
sentatives and a large group
of PLP supporters.

In the aftermath of the
protest, which turned violent
at certain points, PLP leader
Perry Christie denied
reports that he had paid pro-
testers to turn up in Rawson
Square.

Last week, Fox Hill MP
Fred Mitchell also comment-
ed in the House of Assembly
on claims that protesters
were paid by the party to
demonstrate.

“Aside from that being
untrue, so what if they were
paid?” he asked, referring to
the practice during the PLP’s
early protests in the 1960s.

“To mobilise people takes
resources: food, buses, and
communication, emergency
care to a name a few of the
possible expenses.

“So let’s not get distracted
by that fact,” Mr Mitchell
said.

Ulu

Yesterday's Question

FROM page one

resident said there were too
many “coincidences” sur-
rounding the recent spate of
fires at Mackey Yard and Sou
Woch, and the government’s
transformation efforts.

“People are feeling betrayed.
They have lost trust in the
process. That is the general
feeling of the people. I am
somewhat concerned that the
people might not be so coop-
erative anymore. I am some-
what concerned about it,” said
a translator, who has been
assisting Haitian residents
through the government’s
process.

Brensil Rolle, Garden Hills
Member of Parliament and Par-
liamentary Secretary in the
Ministry of Housing, denied
claims that the massive fire was
some form of state strategy to
advance its shanty town trans-
formation programme.

He said it was “extraordi-
narily regrettable that the fire
had to take place.”

“T am sure with the persons
who live in the area there is no
thought that it was a deliber-
ate act by the government. That
is ludicrous,” said Mr Rolle.

He said the government
made its position “clear and
evident” to residents long
before the fire destroyed Sou

Woch or Mackey Yard, and its
position “still stands.”

“Our plan to regularise the
area is continuing. The Ministry
of Housing will clear the site;
the surveyors will work to mark
out the land consistent with the
ongoing plan to reclaim gov-
ernment land and regularise
squatters. We will be talking to
contractors today,” said Mr
Rolle, speaking at the site of
the fire yesterday.

Although fire officials denied
intentionally delaying their
response to the blaze, residents
continued their criticism of the
fire department on Wednesday.
They also said bulldozers
pushed houses that were not
on fire into the blaze.

Some residents also claimed
police officers used weapons to
prevent individuals from help-
ing to remove items from hous-
es that were not on fire. Police
officers were not able to con-
firm these reports.

However, Tribune sources
said police officers had to man-
age several confrontations
caused over possible looting,
and an attempted attack on an
officer.

Sou Woch was one of the
largest Haitian villages in New
Providence. Its name means
“under the rock.” Today, only
the bare rock that provided a
foundation to hundreds of
homes 1s left as evidence of the

THE FIRE devastated the Haitian Village on Wednesday.

community.

One resident who lost his
home said he was saddened by
a comment made by a Bahami-
an onlooker, who reportedly
said: “Thank you God (for the
fire). Bahamians did a good job
today.”

According to some estimates,
Mr Rolle met with about 150
residents in the area on Tues-
day night at Good Samaritan
Church. Mr Rolle confirmed he
met with constituents and some
squatters.

Those attending said the
church venue was filled to
capacity with dozens of people
overflowing to the outside. Res-
idents claim they were
informed that in eight to nine
months, the entire area — cov-
ering all of the major

Carmichael shanty towns —
would look like Pride Estates.
This has been a consistent mes-
sage of the government.

One resident said they were
told “to prepare from now
because they could come any
minute now.”

Mr Rolle said he was
“absolutely not concerned”
about losing the support of the
residents in the transformation
process. Up to Tuesday night,
Mr Rolle said discussion with
the community was “reason-
able and open.”

As for reports of a change in
mood, he said he could not
“force them to accept the
process,” but the plans are con-
tinuing.

While some residents blamed
the government for the fire,



some observers have suggest-
ed residents of the yard might
have set light to the fire as a
last ditch effort to get help from
the government.

Yesterday, the anger of resi-
dents spilled over to the neigh-
bouring Government Yard. A
resident of the village said they
chased away a tractor when it
came to clear land and bulldoze
trees.

One resident said he told the
driver: “If y’all don’t get off
here y’all gonna get chap.”

He said residents were fum-
ing from the fire and thought
it was insensitive that with 1,000
displaced people, the govern-
ment had private contractors
bulldozing in the neighbouring
yard one day later.

¢ SEE PAGE THREE

FROM page one

ment.

BEC MIDDLE MANAGERS TO TAKE STRIKE ACTION

not have hard and fast positions but
should be flexible.”

Mr Moss said he could not say what

Ervin Dean, union president, said:
“We have resorted to strike action effec-
tive immediately.

“We have been meeting over the past
several weeks and basically accom-
plished nothing. We have asked them
repeatedly to comply with the industri-
al agreement, they have refused. They
have refused to budge.”

Mr Dean said his union is trying to
get BEC’s executive management to go
back to the original agreement.

According to Mr Dean, BEUMU's
last industrial agreement with the utility
company expired on October 1, 2007.

He said a clause in this agreement, arti-
cle 47, dictates that the old agreement
will stand until a new contract is signed.

“If you can’t get a new one in place,
roll the old one forward. They don’t
want to do that. They don’t want to hon-
our the money clause,” Mr Dean said.

“The managers are overwhelmingly
in favour of strike action.”

According to Mr Dean, the BEU-
MU will hold a “strategic” meeting with
its members this evening. Three weeks
ago, the union members voted in favour
of striking against BEC, 78 to 1.

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Yesterdays Answer

Chris Medina

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BEC general manager Kevin Basden
was reportedly not in office yesterday
and could not be reached up to press
time.

However, BEC executive chairman
Michael Moss told The Tribune: “I
understand that the unions have claimed
the negotiations have not progressed as
they had hoped and that they would be
initiating immediate work to rule.

“Our objective is to have them come
back to the bargaining table and get a
resolution to this matter. Negotiations
should be a give and take. People should

affect the union’s action would have on
the operations at the corporation, but
he noted that its system is built to func-
tion for a period of time unless inter-
fered with.

Mr Moss said that while the old
agreement with the union expired three
and a half years ago, managers continue
to receive annual salary increases. Mr
Moss also noted that the corporation
had proposed two, back-to-back, three-
year agreements; one agreement in
respect of 2007 to 2010, consisting of a
lump sum payment and an agreement
with respect of 2010 to 2013.

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THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 11



LOCAL NEWS



NINE MEN
ARRESTED IN
‘$852,000’
DRUG BUST

FROM page one

shortly before 3am on
Wednesday at Haven Sub }

Road, off Soldier Road.

Police received informa- :
tion that two masked men, }
both of whom were alleged- }
ly armed with handguns, }
residence }

entered a
demanding cash.

The thugs took cash, cell
phone cards and cell phones }
and fled the area on foot in }

an unknown direction.
Police are investigating.

WOMAN'S
DEATH
CLASSIFIED
AS A MURDER

FROM page one

recent deaths.

In reference to a homi-
cide at Domingo Heights
on February 26, 2011, the
victim has been identi-
fied as 28-year-old
Charles Christome.

A man found unre-
sponsive in a dark-
coloured Honda at
Homestead Street on
February 22, 2011, has
been identified as Jason
Brown, also 28.

And a man who was
electrocuted in
Eleuthera has been iden-
tified as 71-year-old
Franklyn Durham of
Hatchet Bay.

Dwayne



PRIME MINISTER Hubert Ingraham

relations.

PRIME Minister Hubert
Ingraham said Baha Mar
failed to materialise under
the former Progressive
Liberal Party government
because of the PLP’s deci-
sion to recognise Taiwan
aS an independent nation
and establish diplomatic

He said it was funding
from China that enabled
Baha Mar to materialise
and the Free National
Movement led government
recognised the need to
maintain a strong relation-
ship with the People’s

Republic of China.

Republic of China.

floor.

budget.

“We are old friends,” Mr
Ingraham said, speaking of
the FNM and the People’s

Opposition members of
parliament walked out of
the House of Assembly
last night just before the
Prime Minister took the

They protested a dispute
over the order of speakers
on the debate about the
government’s mid-term

“Brave” Davis, member
of parliament for Cat

PM claims PLP’s
Stance on Taiwan
halted Baha Mar

Island and Rum Cay, was
seeking to be acknowl-
edged by the Speaker of
the House when the argu-
ment broke out.

Speaker Alvin Smith
acknowledged Prime Min-
ister Hubert Ingraham,
North Abaco member of
parliament, who closed the
debate.

PLP members then gath-
ered their papers and
walked out of the House
with Mr Ingraham noting
that Opposition Leader
Perry Christie was the last
to leave.

Lack of Creole speaking police ‘affecting drug trafficking fight’

-

FROM page one

paniola through the Bahamas.
“However,” it added, “investiga-
tions of these organisations have been
hindered by an insufficient number of
Creole speakers within the DEU.”
These efforts were further stalled
by the January 12 earthquake in Port-
au-Prince, which limited the ability of
the Haitian National Police to expand
co-operative efforts with their
Bahamian law enforcement counter-
parts, the State Department added.
This year’s report again listed the
Bahamas as a “Major Illicit Drug
Transit country”, noting that the arch-
ipelago contains several major tran-
sit points for South American cocaine
and Jamaican marijuana bound for
the US.
It also emphasised however, that

the Bahamas is a “steady ally” in the
fight against drug trafficking and the
two countries work closely together
in this regard.

Speaking with The Tribune yester-
day, Assistant Commissioner of Police
Hulan Hanna reaffirmed the force’s
commitment to its partnership with
US law enforcement officials.

He said that if the INCSR suggests
areas where officers can improve their
skills, “including in terms of learning
the languages of the region, this police
administration is willing to doit.”

Mr Hanna said the police are aware
that Haiti poses a problem in terms of
the international drug trade, and has
done so for “quite some time”.

“Through co-operation, we contin-
ue to intercept any number of vessels
containing narcotics that might have
been bound for the Bahamas or ulti-
mately the US,” he said. “So we are

‘Pre

i’ ih
[ NY f

aware of that and we are addressing it.
We are working to shut down the
feeder systems of this trade, whatever
the destination.”

The INCSR report noted that
despite the obstacles, over the last
year Bahamian law enforcement offi-
cers were able to intercept shipments
of drugs in Haitian sloops and coastal
freighters, and have learned that drug
traffickers are now using air drops and
remote airfields to deliver large
cocaine shipments to the Turks and
Caicos and the Bahamas from
Venezuela and Colombia.

During 2010, the DEU, working
closely with US and other foreign law
enforcement agencies, seized 269 kilo-
grams (kg) of cocaine, seized or
destroyed more than 42 metric tons
of marijuana, arrested more than 1,000
persons on drug-related charges and
seized more than $821,000.

Cox’ Hanna

Nevertheless, the report said, drug
gangs continue to capitalise on the
country’s “vast geography”, by using
small commercial and private vessels
and aircraft, making detection and
apprehension difficult.

It identified the use of commercial
cargo containers for smuggling con-
traband on larger ships through gov-
ernment seaports, particularly the
Freeport Container Port, as a partic-
ular concern.

The report said the vessels used by
police and Defence Force officers for
drug interdiction — a significant num-
ber of which were donated by the US
government — are “generally well-
maintained by properly trained crews;
however the effectiveness of their
maritime interdiction and security
efforts is limited by the few resources
they have to cover the large expanse
of Bahamian territorial waters.”

Si

adly missed by your wife,
lona; sons, Jordan, Xavier, Noah;
daughter, Randiblue; mother, Dor-
othy Cox; father, John R. Hanna;
step-mother, Eunice Hanna; sis-

ters, Rochelle, Tedana, Shanrose,

Nicole

& Mazette:

a)ge)iaislecp

Andrew & Ricardo; mother & fa-

ther-in-law,

Joyce & Tommy

Pinder: brothers & sisters-in-law
and a host of other relatives &
friends including The Staff and Cli-
ents of Hanna & Co. including Ms.
Johanne Mullings. All of his Col-
leagues in the Legal Profession in-
cluding Attorney Patrick Hanna &
Your BFM Family. ;

17TH AUGUST 1963 - OSTH MARCH

a





THE TRIBUNE

busine

MARCH 4,



SS

40-11



FRIDAY,
FAMILY GUARDIAN

INSURANCE COMPANY LIMITED



Minister affirms
‘adjustments’ at

ur Lucayahotel COStS Customs

Discussed ‘economic situation
at hotel’ with Hutchison and
management earlier this week

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Both the Minister for
Labour and the head of the
Bahamas Hotel Managerial
Association confirmed yester-
day that they
met with exec-
utives from the
Our Lucaya
Golf and Beach
Resort in sepa-
rate meetings

on Tuesday,

ahead of ’
today’s antici- DION
Palce FOULKES
announcement

that around 200
workers will be terminated
from the hotel property.
Dion Foulkes said he was
told there would be “adjust-
ments” at the hotel, but
declined to go into details, as
he said it was agreed in the
meeting that resort manage-
ment and top executives from
Hutchison Whampoa, the
hotel’s owners, would meet
with staff before any public
announcements were made.

SEE page 5B

Civil Aviation's
llevelopment’

* Consultant contract
extended to restructure
department, separating

* New aviation ‘hub’ eyed
for south Bahamas

* Airport certification
initiative included in plan



VINCENT
VANDERPOOL-WALLACE

By NEIL HARTNELL
Tribune Business Editor

The Government has
extended a US consultant’s
contract in order to overhaul
the Civil Aviation Depart-
ment’s structure, separating
the regulatory and opera-
tional functions, and provide
“oversight throughout the
Bahamas” of aviation and this
nation’s airports.

Vincent Vanderpool-Wal-
lace, minister of tourism and
aviation, told Tribune Busi-
ness yesterday that the con-
tract extension with Tim Neel

tal to the development of civil
aviation in the Bahamas”,

fied in an International Civil
Aviation Organisation
(ICAO) report and bringing
this nation into compliance
with global standards and best
practices.

Tim Neel & Associates was
initially brought into work
with the Government around
a decade ago, when the then-
Nassau International Airport
was downgraded by the Fed-
eral Aviation Administration

(FAA) from its Category One

status for non-compliance
with ICAO standards.

SEE page 5B



SECTION B « business@tribunemedia.net

Shocking’ corruption

The Customs Department

? expects to prosecute two
? companies this year follow-
i ing the discovery of what
} appears to be a “shocking”
? level of corruption involv-
? ing the evasion of “millions
i of dollars” in import duty
: and Stamp Tax payments, it
i was revealed yesterday.

Comptroller of Customs,

: Glenn Gomez, said the eva-
i sion of Stamp tax and
? import duty, which may add
? up to “millions of dollars”,
i by two companies he
? declined to name, is being
? investigated currently.

While Mr Gomez recently

explained to Tribune Busi-
? ness some of the challenges



a
GLENN GOMEZ

the Department has faced
in the past in bringing tax
evading companies and indi-
viduals to justice, the Comp-
troller yesterday said he
feels confident that the
information his department
has gathered in connection
with the “two big cases” will
“carry us into the courts”.

‘millions’
: Oo Department gearing to take ‘two big cases’
before Bahamian courts for massive tax evasion

: M@ Comptroller ‘almost shocked’, and says: ‘Once

| we started to gather data, we said: ‘Wow”

By ALISON LOWE

i Business Reporter
: alowe@tribunemedia.net

“We are working two big
ones now. I don’t want to
let anything out of the bag
because it may hamper what
we are doing. But we are
looking forward to, some-
time this year, going to the
courts with a couple of peo-
ple,” he said.

“We’ve been working on
it probably a little over a
month. We’ve got some
data, but we will probably
have to do some more work,
so it maybe a couple more
months, may be less. We
want to make sure we tic
this up right.”

The Comptroller declined
to go into specifics about the
sector/s in which the com-
panies being investigated are

SEE page 4B

370 PER ANNUM TOURISM

The Bahamas’ reliance on

? tourism for its economic well-
i being is set to increase further
? over the next decade, despite
? the hotel sector’s current
? employment woes, with the
} industry’s total GDP contribu-
? tion forecast to grow by 3 per
? cent per annum and hit $4.83

regulation from operations :

billion by 2021.
Unveiling its research find-

i ings on the contribution
i tourism will make to the
? Bahamian economy in 2011 and
? over the next decade, the
¢ World Travel & Tourism Coun-
? cil (WITC) predicted that the
? sector will directly employ
$ 48,000 persons or 29.4 per cent
i of the total workforce in 2011.

And, notwithstanding the

i hotel industry’s current woes,
i as emphasised by the impend-
: ing 200 lay-offs at Our Lucaya,
i the WITC study said total
? Bahamian tourism industry
? employment was set to grow at
: arate of 2.1 per cent per year
? over the next decade, hitting
? 60,000 jobs or 30.3 per cent of
} the workforce by 2021.

The WTTC study reinforces

? the notion that while economic
i diversification is welcome and
i more than necessary, tourism
: will remain the Bahamas’

‘bread and butter’, its number

i one industry, for decades to
: come.

The industry’s direct GDP

? contribution was forecast to hit
: $1.648 billion or 21.7 per cent of
? the Bahamas’ total economic
? output in 2011, increasing by
? 3.1 per cent per annum to hit
i $2.226 billion (growth of almost
? $580 million) in 2021, account-
: ing for 22.6 per cent of GDP.

“The total contribution of

i travel and tourism to GDP,
? including its wider economic
: impacts, is forecast to rise by 3
? per cent per annum from $3.598
: billion (47.4 per cent of GDP)
& Associates was “fundamen- }
? per cent) by 2021,” the WITC
? study on the Bahamas said.

addressing weaknesses identi- }
: travel and tourism to employ-
? ment, including jobs indirectly
i supported by the industry, is
? forecast to rise by 2.2 per cent
: per annum from 91,000 jobs

in 2011 to $4.83 billion (49.1

“The total contribution of

(55.1 per cent of total employ-

: ment) to 113,000 jobs (57.2 per
? cent) by 2021.”

The WTTC study estimated

i that the Bahamas would attract

1.478 million stopover (land-

i based, higher spending) arrivals

in 2011, and this figure was set
to grow at a rate of 2.8 per cent

i per annum over the next

SEE page 5B

"Fundamental to GROWTH IN NEXT DECADE

By NEIL HARTNELL
i Tribune Business Editor

* Industry's total Bahamian
GDP contribution to grow
almost $1.3bn over next 10
years

* Set to generate over 57%
of Bahamas’ jobs by 2021
* Total stopover visitors
predicted to hit 1.478m
this year, and grow at 2.8%
per year to reach 1.941m
in 2021

FAMILY GUARD IAN

The information contained is from a thi |
party and The Tribune can not be held
responsible for errors andor omission
from the daily report. e



US: Bahamas
not meeting
UN anti-terror
finance decrees

* Obama administration tells nation to tighten
scrutiny of cross-border currency transportation
* Concern about drug smuggling through

Freeport Container Port

By NEIL HARTNELL
Tribune Business Editor

The Obama administration yesterday said the Bahamas was
not fully compliant with key United Nations (UN) resolutions
targeting the financing of terrorist organisations, particularly al
Qa’ida and the Taliban, and needed to tighten regulation of
cross-border currency movements.

The US government’s International Narcotics Control Strat-
egy Report (INCSR), released by the State Department, urged
this nation to further strengthen its anti-money laundering and
counter-terror financing defences, noting that the National
Strategy on the Prevention of Money Laundering had yet to be

fully implemented.

“The Bahamas should continue to enhance its anti-money
laundering/counter-terrorist financing regime by implementing
the National Strategy on the Prevention of Money Laundering;

SEE page 4B



BIG CONSTRUCTION START
DECLINE IN 2010 2ND HALF

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

The total value of new build-
ings on which construction got
underway during the 2010 sec-
ond half declined when com-
pared to the same period in
2009, it was revealed yesterday,
with an 85 per cent fall suffered
during the July 1-September 30
period.

Minister of Public Works,
Neko Grant, revealed this trend
in the House of Assembly yes-
terday when he spoke in the
mid-year Budget debate, say-

Financial Strength Rating

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(242) 396-4040 (Nassau) or (242) 352-3670 (Freeport)

ing the figures reflect “existing
economic conditions”.
According to the Minister,
construction start values dur-
ing the first quarter of the 2010-
2011 fiscal year - July to Sep-
tember 2010 - totalled $31.789
millionas compared to the pre-
vious fiscal year’s first quarter
total of $207.27 million. This
was an 85 per cent decline.
The second quarter’s con-
struction starts - October to
December - amounted to
$28.467 million, compared to

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PAGE 2B, FRIDAY, MARCH 4, 2011

THE TRIBUNE





BY SIMON COOPER
RES SOCIUS

hat great English
philosopher, poet and
dramatist, William
Shakespeare, wrote:

“There is a tide in the affairs of
men, which, taken at the flood,
leads on to fortune; omitted, all
the voyage of their life is bound
in shallows and in miseries. On
such a full sea are we now afloat,
and we must take the current when
it serves, or lose our ventures.”

No doubt the Bard was think-
ing of a fragile sailing ship wait-
ing at the entrance to a harbour
for the tide to turn and draw it out
to sea.

If it failed to take the moment at
the exact time it arrived, William
Shakespeare’s audiences knew the
wooden ship would be smashed on
rocks, and that all its crew could
die.

The Bahamas’ economy seems
similarly adrift these days, and
sometimes without a rudder that
works.

Are we as nation going to grasp
the opportunity that Baha Mar
offers to get back on the interna-



BLOOD DRIVE: Royal Bank employees donating blood at one of RBC’s many employee and community
service initiatives.

POSITION AVAILABLE

Ballamian companies must
Catch rising Bala Mar tide

tional map, or receive the criticism
that we will so richly then
deserve?

Without taking the analogy fur-
ther, businesses are relatively frag-
ile entities, too. More often than
not they go ahead in leaps and
bounds when happy fortune
strikes, only to sink back again into
the doldrums when they fail to
catch the next opportunity.

Baha Mar will undoubtedly
bring happy fortune for some
Bahamian businesses, while oth-
ers will equally undoubtedly fail
to catch the wave, and may even
lose their competitive advantage
as rivals suddenly become more
dominant. The rest will presum-
ably continue to drift along



SIMON

Bahamas-style, perhaps buoyed up
a little by improving business con-
fidence.

Which kind of business owner
are you, and how are you going to
gain or lose from the Baha Mar
project? Have you completed your
SWOT analysis and put expansion
plans in place to capitalise on what
could become your greatest busi-

ness break, or are you still head-in-
sand and waiting for the project
to g0 away?

I find it strange that, while so
many Bahamian businesspeople
take medical advice readily, so few
of them seek outside opinion on
the health of their own businesses.
As a result, they remain trapped in
their own paradigms, while won-
dering why their sales no longer
grow. Business coaching is
extremely popular in Europe and
Mainland America these days. It’s
like mentoring in a sense, except
that in this instance money changes
hands in exchange for proven ben-
efits. Most times the service pro-
vided is a reflective sounding board
that creates an environment con-

ducive to informed decisions. At
other times the assistance is more
down to earth.

What Bahamian businesses
should be doing about Baha Mar is
creatively identifying the oppor-
tunities that it presents, perhaps
in the light of professional advice
such as I mentioned. It does not
require a crystal ball to figure out
that those in charge of that great
project will buy the cheapest
resources that meet their quality
standards. If they do not procure
these in the Bahamas, they will
have to ship them in at higher cost.
Surely with our international net-
works, local experience and estab-
lished infrastructure, this is a good
tide to catch?

NB: Res Socius was founded by
Simon Cooper in 2009, and is a
business brokerage authorised by
the Bahamas Investment Author-
ity. He has extensive private and
public SME experience, and was
formerly chief executive of a pub-
licly-traded investment company.
He was awarded an MBA with dis-
tinction by Liverpool University
in 2005. Contact him on 636-8831
or write to simon.cooper@resso-
cius.com.

NC TG SR eeu Us



Royal Bank of Canada (RBC) has launched
its 2011 Employee Volunteer Programmes,
giving an estimated 79,000 staff around the
world, including staff in the Bahamas, oppor-
tunities to win grants for their charities of
choice.

The programmes have been launched in
anticipation of Volunteer Week, which is being
observed from April 10-16 in all of Royal
Bank’s global businesses. Its employees are
eligible for grants in support of their charity of
choice through the RBC Community Spirit
Awards, the Employee Volunteer Grant Pro-
gramme and the Day of Service Grant Award
Programme.

“RBC developed these programmes to sup-
port employee volunteerism as part of our
greater commitment to community involve-
ment and corporate citizenship,” said
Nathaniel Beneby, RBC’s president and coun-
try head for the Bahamas.

“These programmes accommodate our
employee lifestyles, and support employees





who are already active volunteers or seeking to
get involved in individual volunteer work, or as
part of a team.”

Employees who demonstrate outstanding
leadership and dedication to their communities
may be eligible for the Community Spirit
Awards, while the Employee Volunteer Grant
Programme rewards staff who volunteer more
than 40 hours per year in community work.
The RBC Day of Service Grant supports teams
who volunteer outside of work hours on any
day during the month of April.

The programmes are open to RBC employ-
ees around the world, including employees in
any of the 19 RBC/RBTT jurisdictions in the
Caribbean, such as the Bahamas. Awards will
be announced globally during Volunteer
Week, with awardees receiving certificates of
participation and a grant for the organisation
of their choice. Royal Bank first established
operations in the Bahamas during 1908, and
now has 24 retail branches and 45 automated
banking machines in this nation.

le * Bank of The Bahamas

EMPLOYMENT OPPORTUNITY

The Bank of The Bahamas International, the institution of first choice in the
provision of financial services, seeks to identify suitable candidates for the

position of:

Machinery & Energy Limited Caterpillar dealer in the
Bahamas are seeking a candidate to work as a
Parts Regional Manager, at our Nassau Office.

The Candidate should have the following

requirements:

* Have 7-10 years experience with the Caterpillar or
similar Product Line, have worked in a Caterpillar
dealership or a similar Organization;

¢ Have training in Ordering and Receiving Parts
Importation;

¢ Be able to Audit Parts Inventory; Cyclic Count

Procedure;

¢ Degree from an accredited University would be an

asset;

¢ Must be able to manager and motivate staff in the

Parts Department;

¢ Must have experience in process statistical control
in planning, programming and control of Caterpillar
industrial parts and Warehouse production process;

¢ Able to manage major components interchange
process; Hoses assembling process.

This candidate is required to be a professional who
thrives on the challenge of Managing Parts Inventory
and all other operational procedures within the Parts
Warehouse.

Send complete resume with education and work
experience to M & E Limited, P. O. Box N-3238,
Nassau Bahamas,

Attention: Office Administrator, or email

me@me-lItd.com.

NOTE: Only persons being interviewed for this
position will be contacted.

Treasury Risk Analyst

Core Responsibilities:

Comprehensive understanding of risks and their inter-relationships
especially as it relates to credit, interest rate and liquidity risks
Performs various analysis to facilitate the management of liquidity risk,
asset liability management and cash flow;

Be able to calculate, analyze and comment on the various liquidity and
credit ratio implications, to facilitate ongoing strategy adjustments;
Assesses and analyze impact of forex risk and preparation of
regulatory reports for foreign exchange operations;

Undertakes high level economic assessment, scenario and stress
testing to facilitate ongoing risk management and regulatory reporting;

* Assesses the Bank’s ability to respond to varying economic conditions

and scenarios by performing credit, capital adequacy, interest rate and
liquidity stress testing; and

* Assists in monitoring and analyzing the current liquidity position

through GAP analysis reporting.

Job Requirements:

Bachelors Degree in Accounting, Finance, or Business Management.
5 years supervisory/management experience.

Specific knowledge of risk management processes especially
management of liquidity risk.

Broad knowledge of treasury practices and procedures.

Good computational skills.

Strong oral and written communication skills.

Proficient in Microsoft Office.

Must be a team player.

MBA would be advantageous, but not essential.

Benefits include: Competitive salary and benefits package, commensurate
with work experience and qualifications. Interested persons should apply no
later than March 7, 2011 to:

Email: hr.apply@bankbahamas.com
or fax to: 242-323-2637





THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 3B



Bahamasair still needs $6m more from taxpayer

By NEIL HARTNELL
Tribune Business Editor

Bahamasair still requires $6 million more
in taxpayer subsidies than it received in the
2010-2011 Budget, it was revealed yesterday,
with net losses for the half-year to end Decem-
ber 2010 having risen by over 2 per cent to
$9.5 million.

Disclosing that losses for that six-month
period had expanded from 2009’s $9.3 mil-
lion, Neko Grant, minister of public works
and transport, said: “The Government
approved a subvention of $16 million for
Bahamasair for the 2010-2011 fiscal year,

Bid reduction’ (10% output gap’ hits road project
in food imports:

Onions eyed for exports —

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Expecting a “tremendous reduction” to have been }



MORE SUBSIDIES NEEDED: Bahamasair.

which was $6 million less than that requested
at that time. The reforecast at the half-year
point indicates no reduction in net loss, and
Bahamasair’s mid-term report indicates that a
total of $22 million is still needed.”

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

A 10 per cent “gap where
? expenditure exceeds output”
has emerged in the New Provi-
dence Road Improvement Pro-
i ject, the Government revealed
i yesterday, noting that it is hop-
? ing an increase in labour and
: “future accelerated output” will
? narrow this discrepancy.

i Providing an update ona
? number of ongoing infrastruc-
? ture projects yesterday, minister

Outlining the airline’s current financial state,
Mr Grant said passenger and charter revenue
decreasedm but staffing costs also feel due to
“attrition”.

Mr Grant added: “Other revenue increased
due to revamping of the excess baggage fee
structure and increase in commission per-
centage from car and hotel packages, and pas-
senger penalty fees for flight schedule changes.

“On-time performance for this same period
is 69 per cent as compared to 75 per cent dur-
ing the same period last year. This has been
attributed to an increase in ‘reactionary’
delays.

“Despite these challenges of decreased rev-

enue and on-time performance, Bahamasair
has sought to become more competitive and in
this regard, implemented several marketing
initiatives over the past year. Cost contain-
ment measures have been implemented with
regard to fuel where an agreement was nego-
tiated with a view to reducing fuel cost. Fur-
thermore, in-house ‘C’ checks for Dash 8 air-
craft have continued, which has reduced main-
tenance costs.”

Mr Grant added that as at December 2010,
Bahamasair had no long-term debt, the only
outstanding loan being one from Bank of the
Bahamas International with a $242,845 bal-
ance.

Improvement Project (NPRI)
has experienced “several set-
backs since its re-launch which
have contributed to a 10 per
cent gap where expenditure
exceeds output”.

“The ministry anticipates
that with an increase in labour
resources by the contractor
(Jose Cartellone Construc-
ciones Civiles C.A.) and future
acceleration of output, that the
pace of this project would be
enhanced with a view to nar-
rowing the expenditure/output
differential. The ministry is still

quarter of 2012,” said Mr
Grant. The Minister noted that
the project is continuing in the
areas of Baillou Hill Road,
Market Street, Robinson Road,
East Street, Marathon Road
and the western corridors from



Tonique Williams Darling 4
NEKO GRANT

Highway to Saunders Beach.







LOT FOR SALE

Lacation: Lyford Cap = (Prige: S20) Shoe 2 FA Sg fs 2M ple

achieved in the Bahamas’ food import bill in the past year :

due to increases in the farming of fruits and vegetables,

nation will become an exporter of onions in 2011.

“Based on what we have seen from the packing houses, }
the produce exchange, along the roadsides and at Potter’s }
Cay and other areas with small markets, it certainly looks to |

me that there is much more being pro-
duced,” Larry Cartwright said of gen-
eral agricultural output, during the first
day of the Agri-Business Expo on
Gladstone Road.

Statistics were not available yester-
day documenting the expected growth
in agriculture output in recent years,
but Mr Cartwright said enhanced
access to land, credit and other sup-
port from the Ministry and Depart-
ment of Agriculture, plus the Bahamas
Agricultural and Industrial Corpora-
tion (BAIC), have spurred farmers to LARRY CARTWRIGHT
grow greater amounts of fresh pro-
duce this year.

However, Mr Cartwright noted that given economic con- }
ditions, any figures showing the amount of money flowing }
out of the country to buy foreign food will have to take }
into consideration the likely reduction in spending by con- }
sumers overall. The most recent figure of almost $500 mil- }
lion spent on food imports was documented in 2009, and the ;

next statistics are set to be released this year.

Speaking of recent achievements in agriculture, Mr }
Cartwright said that having for the first time introduced }
onions to its list of agriculture outputs this year, Andros now }
has “far more” acreage being used for onion cultivation ;

than any island in the history of Bahamian agriculture.

The amount of onions being produced exceeds Bahamian
demand, and therefore creates the possibility of an export :
market, with Canada being targeted. Pineapples are also ;
being grown in quantities that could legitimise an export :
market. Whereas Eleuthera was once the only island on }
which large scale pineapple farming was underway, Mr :
Cartwright said production has been introduced in recent }

years in Long Island, Cat Island and Andros as well.

“There are different things you have to look at when }
exporting to the EU, Canada and the US. You have to }
make sure you document how much fertiliser you use and }
the regularity. This year, for the first year, we are monitor- }
ing that on a daily basis, so when we look to export we will }
have that information available, so it will be much easier get- }
ting an importing country to take our exports,” said Mr }
Cartwright, referring to evolving international standards }

regarding trade in agricultural produce.

Vegetables and fruit, which are now being grown in sig- ;
nificant quantities in The Bahamas other than onions and }
pineapples, also include persian limes, bananas, mangos :
and avocados. Cucumbers, sweet peppers, eggplants and :
tomatoes are also under cultivation, as are cabbages and cas- ;

Sava.

chases until they can pay them off.

“T think you are now seeing more farmers making use of }
that privilege, and based on the number of applications I see }
being made for duty exemptions for trucks for farming, :
farm equipment and other items, I think we are well on

our way,” said Mr Cartwright.

Nonetheless the Minister noted that given that the }
Bahamas’ labour costs remain high - higher than any other }
country in the Caribbean - and fertiliser prices are “much too }
high”, until the Bahamas can achieve higher levels of “pro- :
tected” agriculture, that is produce grown in greenhouses |
and other protective structures, the price of locally grown }
goods will continue to be generally higher than that of }
imported produce, which often comes from countries with ;

significantly lower labour costs.

“Until we don’t need that amount of labour, because we }
have more protected agriculture our prices are always going }
to be higher than the imports, but we are working feverishly :
to try to introduce more greenhouses, more modern ways of [

farming to cut down on imports,” said Mr Cartwright.

In his speech at the opening of the Agri Business Expo, }
Prime Minister Hubert Ingraham said it is “timely” that :
local produce should be on the rise, given that oil prices are
likely to cause food prices to increase “for the foreseeable :

future.”

The Agri Business Expo runs until Saturday at the Glad-
stone Road Agricultural Centre. It showcases and offers for
sale agricultural and handicraft products from throughout :
the Bahamas, as well as food processing presentations and }

produce competitions.

of public works, Neko Grant,

attempting to meet its comple-
tion deadline during the first




: said the New Providence Road
the Minister of Agriculture yesterday said he hopes this }

Share your news

The Tribune wants to hear
from people who are making
news in their neighbourhoods.
Perhaps you are raising funds
for a good cause, campaigning
for improvements in the area



' C
vive

Lrted Cap woo gegen pveic nomdentel ceclenc locked on (ae med wei bm od cy
Provence, Beating hesutitely ledecope! pooperie solos os ED) ee ped coy ee
chat be soda! Lyfard (oy (eh Renders and 5 of fe eater Lion
Coy Club emp 6 chergeedep poll come, fectre come on cong ma, primi

al he Cob 4 hal honky of pomaky eek tea fear oe
anmuriey aad privileges af the mines lind dieningainh Lyford Cay as

aha al wkhchs oe



Mr Cartwright said incentives are being offered so that
“almost any item required for agriculture” can be imported :
into the country duty free, and at the Fish and Farm Store
where Bahamian farmers go to buy agricultural equip- }
ment, credit is available to allow farmers to finance their pur- :

or have won an award.
If so, call us on 322-1986 and
share your story.

Coat Aras Aedin JIMA jor Mic) Aden Taken oe

LEGALNOTICE

ST. MICHEL SPORTSWEAR LIMITED

(In Voluntary Liquidation)

Notice is hereby given that in accordance with
Section 250(2) of the Companies Act, that
ST. MICHEL SPORTSWEAR LIMITED, has
been dissolved and struck from the Register
of Companies in accordance with the letter
provided by the Registrar General as of 22

November 2010.

Dated this 3 day of March, 2011.

GEORGE CLIFFORD CULMER

want, RT Baha ete yom

LEGALNOTICE

FOUR SEASONS HOLDINGS LIMITED
(In Voluntary Liquidation)

Notice is hereby given that in accordance with
Section 250(2) of the Companies Act, that
FOUR SEASONS HOLDINGS LIMITED, has
been dissolved and struck from the Register
of Companies in accordance with the letter
provided by the Registrar General as of 10

September 2010.

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Open
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PAGE 4B, FRIDAY, MARCH 4, 2011

THE TRIBUNE



FROM page 1B

by ensuring full compliance with UNSCRs
(United Nations Security Council Resolu-
tions)1267 and 1373; and by implementing
a system to collect and analyse informa-
tion on the cross-border transportation of
currency.”

Neither Zhivargo Laing, minister of state
for finance, nor John Delaney, the attorney
general, could be contacted by Tribune
Business for comment prior to press time
yesterday.

It was unclear whether the US State
Department’s INCSR report was drawing
on dated information for its Bahamas
analysis, given that it attached as an annex
the last Caribbean Financial Action Task
Force (CFATF) mutual evaluation of this
nation, carried out in 2007, but Wash-
ingtOn’s documents usually draw upon
updated information supplied by the US
Embassy in the relevant nation, plus other
established sources.

Tribune Business’s review of that
CFATF report reveals that the Bahamas’
failure to be in full compliance with the
two UN resolutions identified in yester-
day’s report was raised as an issue back in
2007. It is unclear, though, given the lack of
government response to Tribune Business
yesterday, whether the problem has been
adequately addressed, but if not it would be
somewhat embarrassing to have these
weaknesses highlighted again almost four
years after they were first raised.

The CFATF report noted that the penal-
ties for breaching both these UN resolu-
tions were of a “low level”, namely a
$10,000 fine and/or a one-year prison terms,
and recommended tightening these sanc-
tions because they were “not in keeping”
with the requirements of either Security
Council demand.

The Bahamas, the CFATF added, had
used the International Obligations (Eco-
nomic and Ancillary measures)
(Afghanistan) Order of September 2001
to implement UN resolution 1267, but this
“does not implement UN resolution 1373 in
so far as the powers of the authorities to
take action under that statute are not
directly referable to terrorism nor the
financing of terrorism”.

In conclusion, the CFATF found: “The

US: Bahamas not meeting
UN anti-terror finance decrees

Anti-Terrorism Act (ATA) does not fully
implement UN resolution 1267 in so far as
the Bahamian authorities may not desig-
nate an entity as a terrorist entity, or freeze
its assets, solely upon the designation being
issued by the relevant UN Security Council
Committee. The ATA should be amended
to effect full compliance.

“The ATA does not fully implement UN
resolution 1373, as the Bahamian authori-
ties may not in all cases effect the freezing
of terrorist funds without delay as required
by UN resolution 1373, because of the sep-
arate procedural requirements of the ATA
in respect to listing and freezing applica-
tions.”

Reciprocity

The Bahamas’ demand for reciprocity,
the CFATF said, did not meet the UN res-
olution’s requirement, and it added: “The
ATA does not fully implement the require-
ments of UN resolutions, particularly as
they relate to the freezing of the funds or
assets of terrorists.”

The CFATF report also picked up on
another area identified yesterday by the
Obama administration, namely the absence
of a system to collect and analyse the cross-
border transportation of currency.

“There is no requirement to declare or
disclose the cross-border transportation of
cash or negotiable instruments. Therefore,
no statistics or information is obtained in
this area,” the CFATF said. “Consequent-
ly, no information, based on declarations, is
available for forwarding and analysis by
the Financial Intelligence Unit....... The
lack of a declaration or disclosure system
prevents an analysis of cross-border move-
ments to determine or detect any particular
trends in this area.”

Detection methods used by the Bahami-
an authorities appeared to be outdated,
the CFATF report said, adding that the
legal framework dealing with the cross-
border transportation of cash needed to
be updated.

Meanwhile, yesterday’s INCSR report
identified the transhipment of cocaine in
shipping containers, via the Freeport Con-
tainer Port, as a major concern to US and
Bahamian authorities.

“The majority of cocaine seized in recent
years has been concealed in containerized
cargo transiting the Freeport Container

Corruption costs
Customs ‘millions’

Port on the island of Grand Bahama. The }

DEA [Drug Enforcement Administration]

FROM page 1B

believes Colombian traffickers are utilizing }

containerized cargo as a means to thwart }
the efforts of law enforcement officials in }
the Bahamas. Approximately three metric }
tons of cocaine have been seized at the :
Freeport Container Port since 2007,” the }

US State Department report read.

“Freeport Harbour has the closest off- }

shore port to the United States and the
entire country is relatively accessible by
medium sized boats. This makes smuggling

and bulk cash money laundering relatively :

easy.”

The Obama administration repeated pre- }
vious US proddings for the Bahamas to }
“provide adequate resources to its law }
enforcement, judicial, and prosecutorial }
bodies in order to enforce existing legisla- }
tion and safeguard the financial system }
from possible abuses”. It also demanded }

that this nation maintain a list of beneficial
owners of all licensed entities domiciled in
the Bahamas. Stating that the proceeds of

drug trafficking were moved through }
Bahamian banks and companies, the INC-
SR report said: “Money laundering trends }
include the purchase of real estate, large
vehicles and jewellery, as well as the pro- }
cessing of money through a complex web of }
legitimate businesses and international busi- }
ness companies registered in the offshore }

financial sector.

“Drug traffickers and other criminal }

organisations take advantage of the large
number of international business companies

and offshore banks registered in the }
Bahamas to launder significant sums of }
money despite strict Know Your Customer }
(KYC) and transaction reporting require- }

ments.”

And the report added: “Additional gaps }
in the country’s legislation include a failure }
to criminalise participation in an organised }
criminal group, and to tighten the currency }
transaction reporting system to track peo- :

ple arriving and leaving to all destinations.”

? involved.

However, he did say he was “almost shocked” by what he
: had seen so far coming out of the investigation.

“We are looking at hundreds of thousands, maybe even
? into the millions (that has not been paid to Customs). It’s a
: lot, and I am almost shocked at what’s been going on. I
: heard about it first probably a couple of months ago, but we
: had to gather data and once we started to gather it we said:
: ‘Wow’.”

It is unclear whether this is one of the entities referred to,
: but Tribune Business understands that one well-known
? business has recently lost its Customs bond and is being
? required to pay the Department upfront via banker’s drafts
: before its imports are cleared.

This newspaper has been told the firm involved is under
? investigation by Customs for the practice of transfer pricing
or ‘phony invoicing’, where it either sets up a dummy com-
i pany and reinvoices itself for all imported supplies, or uses
: undervalued invoices supplied by a foreign supplier. Either
: way, due duties and taxes are evaded.

Mr Gomez told Tribune Business in December that under
? the current legislative regime, "98 per cent" of cases in
: which businesses are believed to have sought to evade pay-
: ing funds owed to the Customs Department are dealt with
: "in house" to avoid the time and expense involved in going
? to court, and the level of investigation required. Businesses
: are asked to pay up to a maximum $5,000 fine and are able
: to "walk out without anyone knowing".

: However, the Customs Chief expressed his disappoint-
? ment with this system, which gives companies the benefit of
? never seeing their transgression brought into the public
? arena. He said that under a new Customs Management Act
: it is intended that firms which are found liable for customs
? evasion will be “named and shamed”.

INSIGHT

For the stories behind the news,
read Insight on Mondays







EXXONMOBIL EXPLORATION AND PRODUCTION

ESSO NIGERIA HOLDING ONE
(DEEPWATER EAST) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. aay
Liquidator o

ESSO NIGERIA HOLDING ONE

(DEEPWATER EAST) LIMITED

EXXONMOBIL EXPLORATION AND
PRODUCTION (CAMEROON) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
EXXONMOBIL EXPLORATION AND PRODUCTION
(CAMEROON) LIMITED

ESSO NIGERIA HOLDING TWO
(INVESTMENTS) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
ESSO NIGERIA HOLDING TWO
(INVESTMENTS) LIMITED

ESSO NIGERIA HOLDING TWO
(DEEPWATER EAST) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 17th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
ESSO NIGERIA HOLDING TWO
(DEEPWATER EAST) LIMITED

ESSO EXPLORATION AND PRODUCTION
CONGO (DEEPWATER) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
ESSO EXPLORATION AND PRODUCTION CONGO
(DEEPWATER) LIMITED

EXXONMOBIL EXPLORATION AND
PRODUCTION RUSSIA

(NORTHEAST ARCTIC) LIMITED
NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2" day of March, A.D., 2011.

Carol G. Gray

Liquidator of
EXXONMOBIL EXPLORATION AND PRODUCTION
RUSSIA (NORTHEAST ARCTIC) LIMITED

(EQUATORIAL GUINEA) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th day
of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
EXXONMOBIL EXPLORATION AND PRODUCTION
(EQUATORIAL GUINEA) LIMITED

ESSO NIGERIA HOLDING ONE
(INVESTMENTS) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
ESSO NIGERIA HOLDING ONE
(INVESTMENTS) LIMITED

EXXONMOBIL EXPLORATION AND
PRODUCTION UGANDA LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 10th day
of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
EXXONMOBIL EXPLORATION AND PRODUCTION
UGANDA LIMITED





Full Text


THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 5B



[Serger ern 2 re eee ee eee See ee eT
"Fundamental to Civil
Aviation's development’

3% per annum
tourism growth
in next decade

FROM page 1B

decade, hitting 1.941 million stopovers in 2021.

ing on transportation).

expenditure of $3.038 billion.”

And, on the investment front, the Bahamian tourism sector : SAAT une Sel 4G agit ict
was forecast to attract capital investment of $388 million during } Bee bi Sap eae ee Hi eS
2011, and is set to rise by 3.2 per cent per annum over the next i ~...",, eee : 2 BE

: cific” in what it required of Tim

“This means that travel and tourism’s share of total national : Bienes poem ede
investment will rise from 16.5 per cent in 2011 to 17.4 per centin : : & 3
? transferring knowledge, and

In relative terms, the Bahamas is the second most reliant nation : Rane ae pe een
in the world on tourism to provide direct employment, and the } depart” P y

decade to $529.6 million.

2021,” the WITC added.

eighth most reliant on it for total jobs.

Elsewhere, the Bahamas is the world’s sixth most reliant coun- eienlactadie aileto Mannoet
try on tourist spending for export earnings, as these account for } ie qc Ae se ;
64.93 per cent of such inflows. And this nation is the 21st most } ee ae We ATauiicie eee
reliant on travel and tourism investment as a percentage of total | [°P@T. eee

stots : : : lace said of the likely impact
capital investment, since this accounts for 16.52 per cent of the total. : on Civil Aviation. “The work

And, when it comes to the tourism sector’s direct and total con- } ihe ail Ge seid ee ital
tribution to GDP, the Bahamas was the world’s sixth and ninth } Y § is >
: because one of the things, as

most reliant, respectively, on the industry.

FROM page 1B

Mr Foulkes confirmed the meeting involved a discussion of
the “economic situation at the hotel”, and it was agreed that
executives would address staff today to “advise them about the
future direction and plans for the hotel”.

“turn around” the resort’s fortunes.

“They are committed to making it work,” said the source.

believed would take place in a “phased” manner.

to any action being taken.

FROM page 1B

Those days are long past, and
Mr Vanderpool-Wallace told
Tribune Business: “What we’re
doing is really moving beyond
that in terms of developing a
structure for Civil Aviation,
separating operations from reg-
ulation, putting manuals in
place, and engaging people for
the kind of regulatory oversight
we need throughout the

: Bahamas.”

The minister explained that

? the Government had effective-

aa : a ; ‘ ? ly extended the existing con-
Predicting the impact of these visitors’ total spending, the WITC } : f :

said: “The Bahamas is expected to attract 1.478 million interna- } ee o Tim Hee l .
tional tourist (overnight visitor) arrivals in 2011, generating $2.196 | @°6S> D© ae i : dis dt eee
billion in visitor exports (foreign visitor spending, including spend- } a aad pipdhen estan ee mean
? dous experience in what was

“By 2021, international tourist arrivals are forecast to total : neede d, especially given its
or : -- ¢ familiarity with FAA require-
1.941 million, an increase of 2.8 per cent per annum, generating } eas

The extended contract, he

“They will be training the

? you will know, is that in any

? organisation those persons

Minister affirms ‘adjustments’ at Our Lucaya hotel

operating the organisation

? should not be regulating them-
? selves.

“It’s a fundamental part of

: what needs to get done, and
: fundamental to the develop-
: ment of civil aviation.”

The International Civil Avi-

On Wednesday, The Tribune revealed that sources close to the : ation Organisation's (ICAO)
matter had disclosed around 50 managerial and 150 line staff } @U4it of the Bahamian civil avi-
could be terminated from Our Lucaya in light of continually } ation system's safety oversight
depressed business conditions at the property. The source said } Tegime, conducted early in 2009
that “tens of millions of dollars” in losses were incurred in 2010, but } but only published 1 2010,
added that the terminations come ahead of plans to rebrand and } found that the Civil Aviation

? Department's organizational

? structure "does not reflect in

them about what is the best approach to take,” Mr Ferguson said. }
He is hoping that based on the information about which indi- :
viduals may be set for termination, he may push for voluntary }

disengagement to be offered to some instead.

“T have not yet received that information, so it makes it difficult :
for me to meet with them or meet with the 135 members,” said Mr }

Ferguson.

He added that he had not been made aware at the meeting :
that any announcements were to be made today, as The Tribune’s }

sources maintain.

Attempts to obtain a comment from Our Lucaya executives }
yesterday regarding the impending staff reductions were unsuc- }
cessful, as messages went unreturned. A message left forpresi- }
dent of the Bahamas Hotel, Catering and Allied Workers Union, }
Nicole Martin, which represents line staff at Our Lucaya, was }

also not returned.

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that:-

(a) NUMBERGUY LTD.is in dissolution;

(b) The date of commencement of the dissolution
is the 5th day of January, A.D., 2011 and

(c) the Liquidator is C.B. Strategy Ltd., of 308
East Bay St.

C.B. Strategy Ltd.
LIQUIDATOR

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT 2000

REPORTER LTD.

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
REPORTER LTD. is in Dissolution.

The date of commencement of dissolution was 2nd day
of March 2011.

Diane Fletcher of Buen Retiro, Nassau, Bahamas is the
Liquidator of REPORTER LTD.

Diane Fletcher
Liquidator

Yesterday, attorney Obie Ferguson, also BHMA president, } Sufficient detail and does not

said he, too, met with the hotel and company executives on Tues- } Clearly define the regulatory

day and was told that there would be terminations, which he ; and safety oversight functions

? and responsibilities" in a num-
He said he would be surprised if word is given tomorrow about } ber of key areas.
exactly which persons will be let go, as the BHMA had been }

promised by executives that the union would receive the list prior : Bahamas has not established a

: distinct separation between the
“They had undertaken they would get back to me as to the } Shae get ieee
areas that would be affected. Once we are in receipt of that I } ete He pene a.
indicated to them that we would wish to have a meeting with ; 1 the areas of air navigation

It added: "Furthermore, the

services (ANS) and airports
(AGA).

"While the Flight Standards
Inspectorate (FSI) is funded by
an impress fund to cover the
cost for training, travel expens-
es and investigation of aircraft
accidents and incidents, the
Civil Aviation Department
depends entirely on State bud-
get allocations to fund its oper-
ations, and its financial
resources are not sufficient to
enable it to fulfil the state's
responsibility for safety over-
sight."

Mr Vanderpool-Wallace yes-
terday described the develop-
ment of the Bahamian private
and civil aviation sector as akin
to expanding a nation’s road
infrastructure, explaining that
the industry played such a role
in inter-island transportation
here.

“If you live in an archipel-
ago, there’s nothing more
important than the intercon-
nection between islands via air
and sea,” the minister
explained. “It is critical. You
have to ensure you have good
roads between land, and the air
and sea are critical to our devel-
opment.

“Tourism is critically impor-
tant, because that is the path
to high-spending visitors, but
this [air transport] is critical to
GDP in terms of the overall
development and growth of the
country.”

Mr Vanderpool-Wallace said
this would not happen without
a sustainable private and civil
aviation sector, and the accom-
panying regulatory oversight
that was necessary.

He explained that the Gov-
ernment was pursuing twin
tracks to achieve its civil avia-
tion objectives, with Tim Neel
& Associates working on the
fine details, and Inter-Ameri-
can Development Bank (IDB)
looking at the bigger picture.

Pledging that inter-island air
and sea transportation in the
Bahamas would be developed
together, as part of a compre-
hensive overall strategy, rather
than in isolation, Mr Vander-
pool-Wallace said the IDB
would study the creation of

NOTICE

NOTICE is hereby given that MARJORIE JOSEPH of
McCOLLOUGH CORNER, NASSAU, BAHAMAS, is
applying to the Minister responsible for Nationality and

such a system.

Indicating that some of the
Bahamas’ airports would
become “fully fledged”, but
others “not so complete”, the
minister said the IDB would set
out the rationale for this and
the creation of “multiple hubs”
and major aviation ports of
entry in this nation. Its study
will look at creating “another
hub” for aviation in the south-
ern Bahamas, and where to
place it.

Mr Vanderpool-Wallace
added that the consultants
would also develop an airport
certification programme and
overseeing framework, some-
thing the Bahamas currently
lacks.

“That is very much includ-
ed,” he said. “We have a whole
variety of airports throughout
the Bahamas. That is part of
the structure we are putting in
place. We’ve made some good
progress. We like that.”

The ICAO found that the
Bahamas had not certified any
of the airports in this nation,
leaving it in non-compliance
with Annex 14 to the Chicago

Convention.

"At the time of the audit, the
Bahamas has 19 aerodromes
for international operations, 39
aerodromes for domestic oper-
ations and no heliports,” the
ICAO audit found. "Some
aerodromes are in the process
of developing an aerodrome
manual. However, the Civil
Aviation Department has so far
not yet received any aerodrome
manual for its acceptance or
approval.

"While most of the aero-
drome operators have drawn
up an airport emergency plan
(AEP), these AEPs do not
include all of the provisions of
Annex 14 to the Chicago Con-
vention. Additionally, the Civ-
il Aviation Department has not
ensured AFPs have been tested
in compliance with Annex 14
of the provisions to the Chicago
Convention.”

To remedy this state of
affairs, the Bahamas pledged
to draft an Aerodrome Certifi-
cation and Operations Regula-
tion to comply with the Chicago
Convention, with all the neces-
sary steps to achieve this sup-
posed to be taken by Septem-
ber 30, 2010.

An aerodrome certification
process was supposed to begin
by July 2010, the Bahamas
agreeing with ICAO's findings,
but it has clearly not been com-
pleted yet.

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 4" day of
March, 2011 to the Minister responsible for nationality
and Citizenship, PO. Box N-7147, Nassau, Bahamas.



NOTICE

PATERSON MANAGEMENT S.A.
In Voluntary Liquidation

Noticeis hereby given thatin accordance with Section
138(4) of the International Business Companies Act.
2000, PATERSON MANAGEMENT S.A. is in
dissolution as of March 2â„¢4, 2011.

Garner Invest Inc. represented by Patrick Rochas

situated at Road Town, Pasea Estate, P. O. Box 3149,
Tortola, British Virgin Islands is the Liquidator.

LIQUIDATOR

NOTICE

MINERALS AND METALS RESOURCES
LIMITED

Notice is hereby given that MINERALS AND
METALS RESOURCES LIMITED, a Company
registered under The International Business Companies
Act, 2000, has been dissolved and struck off the Register
as of the 28" day of February, 2011.

Salim Kiwirra

Liquidator



NOTICE

NOTICE is hereby given that ROBERT WASHINGTON
WILLIAMS, of P.O. Box CB-11983, Greenwood Palm,
Sandilands Village, 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 4"day
of March, 2011 to the Minister responsible for nationality
and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that OPAL ANN SIMONE FERGUSON
of P.O.Box SS 19281, Kisskadee Drive, West Bay St. 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 4" day of March, 2011 to the Minister responsible for
nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Common Law & Equity Division

2010
CLE/qui/00775
IN THE MATTER OF the Quieting Titles Act, 1959

AND

IN THE MATTER OF the Petition of
BRENETTA MAE JOHNSON

AND

IN THE MATTER OF ALL THAT Tract of land containing Five
Thousand Three hundred and twenty-four square feet (5,324) be-
ing Lot Number 542 and situate on the North-Eastern Junction of
Moonshine Drive and Windward Isle Way In Golden Gates No.
2 Subdivision the Western District of the Island of New Provi-
dence, The Bahamas

NOTICE

The Petition of BRENETTA MAE JOHNSON of the Western
District of the Island of New Providence one of the Islands of the
Commonwealth of The Bahamas in respect of: -
ALL THAT Tract of land containing Five Thousand Three Hun-
dred and twenty-four square feet (5,324) being Lot Number 542
and situate on the North-Eastern junction of Moonshine Drive
and Windward Isle Way In Golden Gates No. 2 Subdivision the
Western District of the Island of New Providence, The Bahamas
and bounded North by lot Number 541 and running thereon One
Hundred (100.00) feet South by a road reservation Moonshine
Drive Thirty-six (36.00) Feet wide East by land the property of
the Petitioner and running thereon Fifty and Sixty-two (50.62)
feet West by a road reservation, Windward Isle Way, Forty feet
wide (40.00) Brenetta Mae Johnson claims to be the owner of
the fee simple estate in possession of the said piece or parcel
of land free from incumbrances. And the Petitioner has made
application to the Supreme Court of the Commonwealth of The
Bahamas under Section 3 of the Quieting Titles Act, 1999 to
have title to the said piece parcel or tract of land investigated
and the nature and extent thereof determined and declared in a
Certificate of Title to be granted by the Court 1n accordance with
provisions of the said Act.
NOTICE is hereby given that any person having a dower or
right to Dower or an Adverse Claim or a claim not recognized
in the Petition shall on before the expiration of Thirty (0) days
after the final publication of these presents file in the Supreme
Court and serve on the Petitioner or the undersigned a Statement
of his claim in the prescribed form verified by an Affidavit to be
filed therewith. Failure of any such person to file and serve an
Adverse Claim on or before the expiration of Thirty (30) days
after the final publication of these presents will operate as a bar
to such claim.
Copies of the Petition and filed plan of the said land may be
inspected at:

1. The Registry of the Supreme Court, Nassau

2. The Chambers of Messrs Mangra & Co., No. 20 Parlia-

ment Street.

Dated the 12th day of April, A.D. 2010

Mangra & Co.

No. 20 Parliament Street
Nassau, N.P.

The Bahamas


THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 7B



BUSINESS
(GLOBAL ECONOMIC NEWS

[ete ecient

Ke Ip | ney ana ee

A look at economic developments and activity in major stock
markets around the world Thursday:

LONDON — The European Central Bank's chief shocked
markets by saying interest rates could be raised as soon as the
next policy meeting in April — far earlier than expected — to
fight inflation across the 17-nation eurozone.

Speaking after the bank left its main interest rate unchanged
at the record low of 1 percent, President Jean-Claude Trichet
said "strong vigilance" was warranted and that an interest rate
increase next month was "possible" though "not certain.”

LONDON — Stocks regained their composure thanks to a
drop in oil prices and hopes that U.S. employment is picking up.

In Europe, the FTSE 100 closed up 1.5 percent at 6,005
while Germany's DAX rose 0.6 percent to 7,226. The CAC-40
in Paris ended 0.7 percent higher at 4,060.

LONDON — Retail sales in the 17 countries that use the
euro rose in January for the first time in six months, official fig-
ures showed, in a tentative sign that consumers are finally con-
fident enough to pick up spending.

TOKYO — In Asia, South Korea's Kospi Composite Index,
rose a hefty 2.2 percent to 1,970.66 after the government said
industrial output grew for the 19th straight month in January,
while Japan's Nikkei 225 stock average climbed 0.9 percent to
10,586.02.

Hong Kong's Hang Seng index was 0.3 percent higher to
23,122.42 but mainland Chinese shares fell as profit taking in the
afternoon offset morning gains. The benchmark Shanghai Com-
posite Index lost 0.4 percent to 2,902.98, while the Shenzhen
Composite Index lost 1.6 percent to 1,272.00.

PARIS — France's state statistics office says unemployment
fell slightly in the fourth quarter of 2010 to 9.6 percent.

The figure was below the 9.8 percent joblessness rate in the
third quarter, but remains above pre-financial crisis levels.

MADRID — Spain raised euro3.8 billion ($5.25 billion) in an
oversubscribed auction of 3- and 5-year bonds but at higher
interest rates that reflected investor worries over public finances
in Europe.



i WALL STREET
Stocks leap higher as hope
builds for job recovery

DAVID K. RANDALL,
AP Business Writers
MATTHEW CRAFT,
AP Business Writers
NEW YORK

Stocks jumped higher Thursday after an unexpected drop in new
applications for unemployment benefits and higher February sales
reports from retailers.

The Labor Department said first-time claims for unemploy-
ment benefits fell to 368,000. That's the lowest level for claims since
May 2008. Economists had expected them to rise. Separately, the
Institute for Supply Management reported that its measure of
hiring by service companies rose to the highest level since April
2006. The index covers a broad range of industries including retail,
health care and financial services.

The signs of job growth followed a report Wednesday from
payroll processor ADP that said that private employers are added
more jobs than expected last month. Those gains are helping to
raise expectations that Friday's jobs report will show that the
unemployment rate fell from its current level of 9 percent.

The Dow Jones industrial average gained 207 points, or 1.7
percent, to 12,273 in afternoon trading. It was the biggest rise in the
Dow since Dec. 1. The Dow is still below where it was trading on
Feb. 18, before a three-day plunge caused by a surge in oil prices
as the unrest in Libya deepened. The Standard & Poor's 500 index
rose 22, or 1.7 percent, to 1,330. All 10 company groups that make
up the S&P index rose. Industrial companies had the largest gain,
with 2.6 percent. Caterpillar Inc. gained 3 percent, the largest
increase among the 30 stocks that make up the Dow average.

The Nasdaq composite index gained 53, or 1.9 percent, to 2,801.

The drop in unemployment claims pushed Treasury prices low-
er, raising their yields. The yield on the 10-year note rose to 3.57
percent, up from 3.48 percent late Wednesday.

Retailers Limited Brands Inc., Macy's Inc. and Nordstrom Inc.
all reported gains over the same time last year. Wendy's/Arby's
Group Inc. trimmed its losses in the fourth-quarter and beat ana-
lysts' revenue estimates. The stock rose 5 percent.

Oil prices eased slightly, but remained just above $100 a barrel.
Concerns over the impact of high oil prices on the U.S. economy
have rattled markets over the past two weeks. Crude settled above
$102 on Wednesday for the first time since September 2008.

BIG CONSTRUCTION START
DECLINE IN 2010 2ND HALF

FROM page 1B

the 2009-2010 fiscal second quarter total of $40.761 million. This
equated to a 30 per cent decline.

Eurozone at critical
juncture in debt crisis

GABRIELE STEINHAUSER,
AP Business Writer
BRUSSELS

The next three weeks will be
crucial for Europe to finally get
a grip on the debt crisis that has
crippled its currency union and
to set up stronger foundations
for when it is past the storm.

A series of EU summits this
month kicks off Friday in
Helsinki, where the eurozone's
conservative leaders will wres-
tle over how much of their sov-
ereign economic decision-mak-
ing they are willing to sacrifice
for the sake of a more stable
euro.

The debate will culminate on
March 25, when heads of state
and government hope to seal
the "comprehensive solution"
to the crisis they have promised
to the markets.

At the center of the debate
are demands for stricter bud-
get rules and economic reforms
from strong economies like
Germany and the Netherlands
pitched against pleas for more
help and leniency from the cur-
rency union's weaker members.

But as the meetings get
under way, divisions are grow-
ing about what to do and how
quickly. In particular, Germany
is reluctant to spend on direct
support for weaker countries’
bond markets, which the Euro-
pean Union's executive Com-
mission and the European Cen-
tral Bank are pushing for.

In the middle of all that,
European regulators are study-
ing how to design new stress
tests for banks, whose troubles
are central not only to the prob-
lems in Ireland but also to any
action on sovereign debt.

"There are so many balls in
the air right now," said Carsten
Brzeski, senior economist at
ING in Brussels, adding that
the wealth of issues might make
it difficult for governments
make ambitious decisions.

The clashing positions among
eurozone countries will be obvi-
ous in Helsinki, even though all



(AP Photo/Michael Sohn)
CRITICAL TIME: German Chan-
cellor Angela Merkel arrives for
the weekly cabinet meeting at
the chancellery in Berlin, Ger-
many, Wednesday.

attendees are members of the
same European People's Par-
ty, the center-right bloc in the
European Parliament.

There is Germany's Angela
Merkel, who is reluctant to put
up more money to help less dis-
ciplined countries; Enda Kenny,
Ireland's prime minister in wait-
ing, who is not only demand-
ing lower interest rates on the
country's bailout but has also
raised the idea of making senior
bank bondholders take losses;
European Commission Presi-
dent Jose Manuel Barroso, who
has called for broader powers
and more money for the
region's bailout fund; and Yves
Leterme, the caretaker leader
of Belgium who is in no posi-
tion to give up on his country's
treasured system of inflation-
linked wage increases, as
demanded by Germany.

And that cast of characters
does not even include the cen-
ter-left leaders of Spain, Por-
tugal and Greece — each strug-
gling with their own crises.

Faced with such division,
analysts increasingly expect a

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) SCRATCH LTD. is

in dissolution under the provisions of

the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 3, 2011
when its Articles of Dissolution were submitted and registered by

the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd
Terrace West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 15th day of April, 2011 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

MARCH 4, 2011

ZAKRIT SERVICES LTD.

LIQUIDATOR OF THE ABOVE-NAMED COMPANY

S2wk-Low
6.95,
9.05
4.40
AF Benchmark
2.70 Bahamas Waste
1.96 Fidelity Bank
9.44 Cable Bahamas
2.35 Colina Holdings
5.80

1.40 Doctor's Hospital
5.25 Famguard
5.88 Finco

oo F FirstCaribbean Bank

4.57 Focol (S)
1.00 Focol Class B Preference 1.00

5,50 ICD Utilities

Securit_y
AML. Foods Limited
Bahamas Property Fund
Bank of Bahamas

Commonwealth Bank (S1)
1.90 Consolidated VWvater BDRs

ROYAL FIDELITY

ieaney an Work

watered-down deal by the end
of the month that falls well
short off the overhaul of the
eurozone's crisis strategy that
had seemed tangible just weeks
ago.

Despite sustained high bor-
rowing costs for Portugal, seen
as the most likely candidate to
follow Greece and Ireland in
seeking an international
bailout, the sense of urgency
appears to have eased in mar-
kets — and therefore some gov-
ernments — at least for the
moment.

"The Europeans are doing
big things always under big
market pressure and right now
there is no big market pres-
sure," said Zsolt Darvas, a
research fellow at Brussels-
based think tank Bruegel.

The decisive player over the
next three weeks will be Ger-
many. Merkel, struggling at
home, has set her hopes on a
so-called "pact for competi-
tiveness,” which could give her

something in return for extend-
ing more help to the eurozone's
stragglers.

Originally, Berlin had
demanded that eurozone coun-
tries improve their economic
performance through unpopu-
lar measures like getting rid of
automatic inflation-linked wage
increases and agreeing on a
common base for corporate tax-
ation.

However, over the past
month those measures have
been softened by separate pro-
posals from the Commission
and EU Council President Her-
man Van Rompuy, which
would leave governments with
vague commitments to create
limits to national deficits and
make pension systems more
sustainable.

On the pact, “we will get
some nice statement, agreeing
on the common goals,” said
Brzeski. Firm targets or even
sanctions for breaking rules are
unlikely, he said.




Legal Notice



NOTICE




NOTICE IS HEREBY GIVEN as follows:





(a) MATRIX ECONOMIC LIMITED is in dissolution under the provisions of



the International Business Companies Act 2000.




(b) The Dissolution of said Company commenced on March 3, 2011



when its Articles of Dissolution were submitted and registered by





the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd



Terrace West, Centreville, Nassau, Bahamas.




(d) All persons having Claims against the above-named Company are



required on or before the 15th day of April, 2011 to send their names and



addresses and particulars of their debts or claims to the Liquidator of the



company or, in default thereof, they may be excluded from the benefit of



any distribution made before such debts are proved.




MARCH 4, 2011




ZAKRIT SERVICES LTD.




LIQUIDATOR OF THE ABOVE-NAMED COMPANY







Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) SWANTJE LTD. is

in dissolution under

the provisions of

the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 3, 2011
when its Articles of Dissolution were submitted and registered by

the Registrar General.

(c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd
Terrace West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 15th day of April, 2011 to send their names and
addresses and particulars of their debts or claims to the Liquidator of the
company or, in default thereof, they may be excluded from the benefit of
any distribution made before such debts are proved.

MARCH 4, 2011

ZAKRIT SERVICES LTD.

LIQUIDATOR OF THE ABOVE-NAMED COMPANY

BISX LISTED & TRADED SECURITIES AS OF:
THURSDAY, 3 MARCH 2011
BISX ALL SHARE INDEX: CLOSE 1,457.67 | CHG -4.22 | %CHG -0.29 | YTD -41.84 | YTD % -2.79
FINDEX: YEAR END 2008 -12.31%

WWW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320

1.04
10.63
4.40
0.18
2.70
1.96
10.24
2.40
6.80.
2.13
1.40
5.25.
6.25
9,39
5.48

7.40

Previous Close Today's Close

Change
1.04 0.00,

10.63 0.00
4.50 0.10
0.18 0.00
2.70 0.00
1.96 0.00

10.24 0.00
2.40 0.00
6.80 0.00
2.20 0.07
1.40 0.00
S.25. 0.00
5.88 -0.37
9,39 0.00
5.48 0.00
1.00 0.00.
7.40 0.00

Daily Vol.

EPS$

EJ EG CAPITAL MARKETS
- > BROKERAGE & ADVISORY SERVICES
S oe

Div $
GALS
0.013
0.153
-O.877
0.168
0.016
1.050
0.781
0.488
0.111
0.107
0.357
0.682
0.494
0.452
0,000
0.012

Over the two quarters from July to December, there was an over-
all 75 per cent decline when compared with the value of con-
struction starts in the same period in 2009.

The number of building permit approvals (117) and building per-
mit values ($114.432 million) for the 2010/2011 fiscal year first quar-
ter declined by 27 per cent and 32 cent respectively, as compared
to the same period last year’s. The second quarter reported increas-
es in both categories (368 — a 42.6 per cent increase, and $119,974
million — a 7.7 per cent increase respectively) over the last fiscal
year’s second quarter statistics.

Mr Grant noted that there were increases of 2.3 and 6.2 per cent
in the number of buildings completed during the two quarters
over the previous year.

“Building completion values totaled $111.147 million for the
first quarter and $119.171 million, with significant increases of 83
per cent and 58.5 per cent respectively over the same period dur-
ing the previous year,” said Mr Grant.

He said that despite the decline in construction starts at the
end of last year, the Government is “confident that this trend will
be reversed during the course of this year, with the anticipated
boost to the economy created by new large scale construction
projects

“Foremost among new projects launched during the first half of
the 2010-2011 fiscal year, that should have significant positive
economic impact when construction commences this year, are the
JFK Airport Gateway Project and the Baha Mar Redevelopment
Project,” he said.

9.80
10,00

J. S. Johnson 9.82 9.82 0.00
Premier Real Estate 10.00 10.00 0.00
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)
Security Symbol Last Sale Change Daily Vol. Interest
Bahamas Note 6.95 (2029) BAH29 99.46 0.00, 6.95%
Fidelity Bank Note 17 (Series A) + FBB17 100.00 0.00, 7%
Fidelity Bank Note 22 (Series B) + FBB22 100.00 0.00 Prime + 1.75%
Fidelity Bank Note 13 (Series ©) + FBB13 100.00 0.00 7%
Fidelity Bank Note 15 (Series D) + FBB15 100.00 0.00 Prime + 1.75%
RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)
Symbol Bid & Ask Last Pir Daily \cil.
Bahamas Supermarkets. N/A N/A 14.00
RND Holdings 0.35 0.40 0.55
CFAL Securities Ltd. (Over-The-Counter Securities)
30.13 31.59 29.00
0.45 0.55 0.55,
BISX Listed Mutual Funds
NAV YTD%
1.5179 5.51%
2.9527 0.18%
1.5837 0.61%
2.7049 -0.56%
13.4164 0.44%
114.3684 9.98%
106.5528 4.75%
1.1465 5.20%
4ST: 4.73%
1.1491

0.859
1.207
S2wk-Hi S2wk-Low
20 November 2029.
19 October 2017
19 October 2022
30 May 2013
29 May 2015

EPSS$
-2.945
0.001

Div & Pe
0.000
0.000

ABDAB
RND Holdings

4.540
0.002

0.000

0.000 0.00%

NAV 3MTH
1.498004
2.918697
1.564030

NAV GMTH
1.475244
2.910084
1.545071

Fund Name

CFAL Bond Fund
CFAL MSI Preferred Fund

1.5141 CFAL Money Market Fund

2.8522 Royal Fidelity Bahamas G & | Fund
13.0484 Royal Fidelity Prime Income Fund
101.6693 CFAL Global Bond Fund

99.4177 CFAL Global Equity Fund

1.0000 FG Financial Preferred Income Fund

1.0000 FG Financial Growth Fund

1.0000 FG Financial Diversified Fund

9.1005 Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 1
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 2
Royal Fidelity Bah Int'l Investment Fund Principal
Protected TIGRS, Series 3
Royal Fidelity Int'l Fund - Equities Sub Fund

Last 12 Months %
6.90%
1.61%
4.59%

-15.54%
0.10%
12.49%
7.18%
5.20%
4.73%
5.35%

1.4076
2.8300

109.392860
100.779540

107.570619
105.776543

5.35%

9.7950 4.85% 5.45%
10.0000
10.6417 -1.20% 0.50%
9.1708
10.1266 1.27%
8.4510 0.72%
MARKET TERMS
YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity
ASk $ - Selling price of Colina and fidelity
Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - A company's reported earnings per share for the last 12 mths
NAV - Net Asset value
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

1.27%
4.8105 9.95%
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks
Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings
(S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(S41) - S-for-1 Stock Split - Effective Date 7/11/2007

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525


PAGE 8B, FRIDAY, MARCH 4, 2011

THE TRIBUNE





Shoppers show strength in
February; gas hikes loom

ANNE D'INNOCENZIO,
AP Retail Writer
NEW YORK

Strong February sales at
stores up and down the price
spectrum, from J.C. Penney to
Saks, show that a broad range
of shoppers are feeling more
comfortable about the econo-
my.

The question is whether ris-
ing gas, food and clothing prices
will reverse the trend this
spring.

Retailers on Thursday
reported surprisingly strong
revenue gains for February.
The International Council of
Shopping Centers’ index of 28
retailers rose 4.2 percent com-
pared with the same month last
year. That was well above the
trade group's projections for a
2.5 percent to 3 percent
increase.

The gain follows a 4.7 per-
cent increase in January and
the best holiday season since
2006. The figures are based on
revenue at stores open at least a
year, a key indicator of a retail-
er's health because it excludes
the effects of stores that open
or close during the year.

February started slowly for
merchants because snowstorms
kept some shoppers home. As
the month went on, weather
improved, perking up sales of
spring clothing.

"The underlying (spending)
trend is quite good," said Scott
Hoyt, senior director of con-
sumer economics for Moody's
Analytics. "But increasing costs

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INTERNATIONAL
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on basic necessities (are) a
growing constraint on house-
hold budgets. The question we
don't know is: By how much?"

Thursday's results show a
broader range of shoppers is
benefiting from the economic
recovery, said Michael P.
Niemira, chief economist at the
International Shopping Cen-
ters.

Among retailers beating
forecasts were Victoria's Secret
parent Limited Brands Inc.;
moderate-priced department
stores J.C. Penney Co., Macy's
Inc. and Kohl's Corp.; teen
clothing seller Wet Seal Inc;
and warehouse club operator
Costco Wholesale Corp.

Luxury retailers including
Saks Inc. saw surging sales as
the affluent kept spending,
encouraged by a rallying stock
market.

There were only a few strag-
glers. Discounter Target Corp.

and clothing chain Gap Inc.
both missed expectations, with
Target reporting a small
increase and Gap a decline.

Wal-Mart Stores Inc., the
world's largest retailer, no
longer reports monthly sales.

Consumer spending outside
retail has shown signs of
strength as well. On Tuesday,
automakers reported double-
digit sales gains for February,
extending a recovery that start-
ed late last year.

The improving economy is
fueling the growth. Consumer
confidence in February rose to
its highest point in more than
three years, according to the
Conference Board.

But the positive economic
news isn't dispelling worries
about rising prices. Analysts say
more price shocks could scare
consumers, especially low- and
middle-income people, into
pulling back on spending.

Clothing makers are raising
prices on everything from
underwear to jeans. Supermar-
kets are beginning to pass along
rising costs for dairy, meat and
other items.

But gasoline is most worri-
some. The turmoil in Libya and
the oil markets have pushed the
national average for gasoline
to $3.427 per gallon, up 30 cents
since Feb. 15. Prices will reach
$3.50 to $3.75 by spring, some
analysts say.

If they hit $4, shoppers will
change their habits, said Ken
Perkins, president of Retail-
Metrics. They'll cut back on dis-
cretionary purchases and make

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fewer trips to the mall.

Another challenge for retail- :
ers in March will be a late East- ;

er. It doesn't fall until April 24,

three weeks later than last year. ;
That calendar quirk is expected }
to shift sales of holiday items ;
such as candy and children's ;

dresses from March to April,

depressing business this month.
Analysts look at the two }
months combined to judge }

spring selling.
Meanwhile, many retailers,

including Macy's, Kohl's and
J.C. Penney, say they're raising }

prices on clothing as costs rise,

especially for cotton, and i

demand improves.

J.C. Penney officials said Fri-
day that the company tested }
price increases last year to find
out what shoppers were willing i
to pay. The company said it was }
more successful with price }
increases on more expensive }
brands. "Our strategy is to walk ;
prices up thoughtfully at rates ;
we believe will be supported by }
said Michael
Casey, CEO of Carter's Inc. in }
an address to analysts Wednes- }
day. The maker of Carter's and }
OshKosh B'gosh children's }
clothing said it increased prices }
at its stores by 5 percent this }

consumers,"

spring.

It's still unclear how the ris- }
ing clothing prices will affect
shoppers’ willingness to spend.

"We have not had a suffi- }
cient read on consumers’ reac- }

tion to our higher prices,"

Casey said, "particularly the }
more significant increases }

planned for fall."

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(AP Photo/Orlin Wagner, file)
NEW HIGH: In this June 11, 2010 file photo, wheat stands against a
setting sun near Isabel, Kan. A U.N. food agency said Thursday,
March 3, 2011, that global food prices reached new highs in Febru-
ary and warns that oil price spikes could provoke further increases.

ALESSANDRA RIZZO,
Associated Press
ROME

Global food prices have reached their highest point in 20
years and could increase further because of rising oil prices
stemming from the unrest in Libya and the Mideast, a U.N.
agency warned Thursday.

Skyrocketing food prices have been among the triggers for
protests in Egypt, Tunisia and elsewhere, and raised fears of a
repeat of the food price crises in 2007 and 2008.

Some experts point to key differences compared to those
years: for one, the price of rice, an important food security
commodity, is much lower today. Still, Oxfam called the hike
"deeply worrying.”

The Food and Agriculture Organization said in a statement
that its food price index was up 2.2 percent last month, the
highest record in both real, inflation-corrected terms and nom-
inal terms since the agency started monitoring prices two decades
ago.



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McCOMBO
OF THE DAY itm tovin’ it

LOW _—_—sSWO6SF
SUNNY AND

Ze WINDY

Volume: 107 No.86

18F
69F



‘Shocking’
PH ea
costs Customs

weet ite







THE PEOPLE’S PAPER
BIGGEST AND BEST

FRIDAY, MARCH 4, 2011



OATMEAL BAR

PRICE —75¢ (Abaco and Grand Bahama $1.25)

Scotiabank

sponsors the BAAA
BHR eT



Violent criminals’ in
BIG protest crowd

Individuals known to police
were ‘clearly identifiable’
says Tommy Turnquest

By PACO NUNEZ
Tribune News
Editor

MINISTER of
National Security
Tommy Turnquest
revealed that accord-
ing to police, several
violent criminals were
among the crowd that |
protested outside Par-
liament last week.

House of Assembly
yesterday, Mr Turn-
quest said individuals known to
police in connection with crimes
as serious as murder, rape, armed
robbery, assault with a deadly
weapon and shop-breaking were
“clearly identifiable” in the anti-
BTC sale demonstration in Raw-



MINISTER OF
Speaking in the NATIONAL SECURITY

Tommy Turnquest

son Square last
Wednesday.

Speaking to The Tri-
bune outside the
House, Mr Turnquest
said the majority of
these persons are out
on bail, but some of
them are convicted
criminals.

“We have the pic-
tures, we know who
they are,” he said.

Mr Turnquest said
he raised the issue after
opposition PLP mem-
bers suggested that Prime Minis-
ter Hubert Ingraham “ran out the
back door,” attempting to avoid
the crowd after last week’s ses-
sion of parliament.

SEE page 10

PM CLAIMS PLP STANCE ON TAIWAN HALTED BAHA MAR

PRIME Minister Hubert Ingraham said Baha Mar failed to
materialise under the former Progressive Liberal Party government
because of the PLP’s decision to recognise Taiwan as an inde-
pendent nation and establish diplomatic relations.

e SEE STORY ON PAGE 11

APOLOGY

THE incorrect Super Value advert ran in yesterday’s Busi-
ness section on pages eight and nine. The corrected version

of the advert is in today’s Tribune on pages eight and nine in
the main section. The Tribune apologises for any inconve-

nience caused.

COMPANY LTH







* Earn points on
writthi Boat

air
Boat

bia

air when shipping

* Points are awarded based on the cost of the

freight

* Points are based on International Freight

only.

* Points are redeemable on air

For more information contact:
The MailBoat Marketing Department
(242)502-BOAT(2628) or email:
marketing@mailboatbahamas.com

NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER



oll Mellel

BEC MIDDLE
MANAGERS T0
TAKE ‘IMMEDIATE’
STRIKE ACTION

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

MIDDLE managers at the
Bahamas Electricity Corpo-
ration have decided on strike
action “effective immediate-
ly.”

The Bahamas Electrical
Utility Managerial Union
(BEUMU), which repre-
sents around 100 members,
is at odds with the Corpora-
tion over an industrial agree-

SEE page 10

MP DENIES FIRE WAS STARTED DELIBERATELY BY GOVT

Tim Clarke/Tribune staff

FIRE AFTERMATH: Brensil
Rolle, Garden Hills Member
of Parliament and Parlia-
mentary Secretary in the
Ministry of Housing, stands
yesterday at the scene of
Wednesday’s blaze.

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net



























RESIDENTS of Sou
Woch, the Haitian village
destroyed by fire this
week, are “angry” at what
they believe to be a delib-
erate attempt to smoke
Haitians out of the coun-
try.
“You can’t find two
people who feel it was an
accident,” said a Bahami-
an volunteer who was
assisting victims of the
fire. “Some of the young
men are really upset. They
feel this is their plan to get
rid of the yard,” he said.
There were uncon-
firmed reports of smaller
fires in two other Haitian
villages yesterday. One

SEE page 10

WOMAN'S DEATH CLASSIFIED AS A MURDER

A WOMAN was pro-
nounced dead at an apart-
ment in Dundas Town, Aba-
co, with injuries to the back of
her head on Monday after-
noon.

Police have classified her
death as a murder.

A team of officers from the
Central Detective Unit is on



At the time of her death,
the victim was wearing an

pants.

an argument with a family
member before her death.

“LACK OF CREOLE
- SPEAKING POLICE
‘AFFECTING DRUG

orange shirt and short black }

_ TRAFFICKING FIGHT’

Police believe she got into }

: By PACO NUNEZ

; : Tribune News Editor
Meanwhile, the police have |

identified a number of victims

in connection with other } Waitian-Bahamian drug traf-

the island to assist with the
investigation.

SEE page 11

off Inagua on Wednesday evening by a joint team of police and

(DEA) and the US Coast Guard.

tigations continue.

SEE page 11

















EFFORTS to combat

: ficking cartels are suffering
? because the Royal Bahamas
Police Force does not have
NINE MEN ARRESTED IN ‘$852,000’ DRUG BUST the US government has con-

NINE Bahamian men were arrested in a drug bust in waters cluded.

sufficient Creole speakers,

In its 2011 International

defence force officers, the US Drug Enforcement Agency : Narcotics Control Strategy

? Report (INCSR), the US

The men were on board two vessels on which 852lbs of sus- } State Department said Hait-

pected marijuana were found. The drugs have a street value of }

$852,000. The suspects were all flown to Nassau as police inves- } drug gangs continue to playa

ian and Haitian-Bahamian

“major role” in the move-

Police are also investigating an armed robbery that occurred } ment of cocaine from His-

SEE page 11


PAGE 2, FRIDAY, MARCH 4, 2011

THE TRIBUNE





Ambassador
Hu thanks
Bahamians

Ambassador Hu Dingxi-
an of the People’s Repub-
lic of China expressed his
“sincere thanks” to the
Bahamian people for their
“hospitality, kindness and
friendship”, which enabled
him to have a successful
term as Ambassador over
the past three years.

Ambassador Dingxian
said his term in the
Bahamas made “a big
impression” on him per-
sonally, and he plans to
return as a visitor.

Bahamian government
officials said there were
three years of historic
achievements in bilateral
relations under the ambas-
sadorship of Mr Dingxian.

Appointed

Ambassador Hu was

appointed on April 2, 2008.
The Bahamas appointed its :

first resident Ambassador

to the People’s Republic of
? DIGGING IN: Officials break ground on the John F Kennedy Gateway Project.

China on July 14, 2008.

Highway project under way

At least 130 Bahamians expected to be employed



Several agreements deal- }

ing with agricultural, eco-
nomic and technical co-
operation have been
signed, as was a visa aboli-
tion arrangement for hold-
ers of diplomatic, official
and service passports.

An Investment Promo-
tion and Protection Agree-
ment (IPPA) and a Tax
Information Exchange
Agreement (TIEA) were
also concluded.

INSIGHT

For the stories behind
the news, read Insight
on Mondays



By NOELLE NICOLLS
? Tribune Staff Reporter
i nnicolls@tribunemedia.net

THE government broke ground on its

latest partnership agreement with the Chi-
? nese government at the launch ceremony of
? the John F Kennedy Gateway Project.

Neko Grant, Minister of Public Works

? and Transport, said the new highway will
? span JFK Drive from the new US terminal
? building access road at the Lynden Pin-
? dling International Airport to Bethel
: Avenue.

He said work is expected to be complet-

} ed by October 30, 2012.

“It is expected that this project will cre-

? ate opportunities for Bahamian sub-con-
: tractors in the areas of earth works and
? road surfacing works and will employ at
? least 130 Bahamians.

“Tt is also expected that the beautification

of the highway will provide motorists with
? asense of place through the design of land-
? scaping and sculptures, and that these

Thigh & Leg
+ Family Fries



LOCAL NEWS

at TEAC Rs pen
B isk
F é Ul

aspects of the project will also include
Bahamian participation,” said Mr Grant.

“These works along JFK Drive will not
only facilitate the creation of more a posi-
tive visual impact along the entrance road
system to the country’s main airport that
welcomes millions of tourists every year,
but will enhance traffic management as it
relates to road safety,” he said.

The China State Construction Engi-
neering Corporation (CSCEC) through its
US subsidiary secured the $67 million con-
tract to build the new roadway.

The project will entail construction of a
dual carriageway along JFK Drive, with a
new westbound carriageway to the south of
the existing road and a redevelopment east
bound carriageway.

There will be nine new roundabouts with
several underground road installations for



cat!

wy

Tim Clarke/Tribune statf



: Parliament.

: told the

i House of
: Assembly
? that Mr

: Ingraham
i told him in 2002 that the

: government would spend

: all the money in the trea-

i sury to get him out of gov-
: ernment.

a lament

Tia
_ FIREWORKS IN

— HOUSE OVER
ALFRED GRAY’S
STATEMENT

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net



VOICES were raised in
Parliament yesterday when
MP for MICAL Alfred
Gray said he was told by
Prime Minister Hubert
Ingraham that the “whole
treasury
would be
used” to
expel the
MP from

Mr Gray



ALFRED GRAY

water, electrical and telecommunications }

works.

Ning Yuan, chairman and president of
the China Construction America said }

CSCEC is one of the largest construction } ioe Tammy Turmanest. MP
companies in the world with global experi- } f y ; 7 ae

ence. He said the company would bring all ; a Mount Moriah, imme-
of its expertise and management systems to } diately took a stand for the
bear on the project to ensure it was com- } Prime Minister and the

i government saying Mr

pleted within the projected timeframe.

Vincent Vanderpool-Wallace, Minister :
of Tourism and Aviation said the gateway }
project fit into the overall context of nation- } demanded that he with-

i draw it.

al infrastructure development that would
benefit the tourism industry.

Ambassador Hu Dingxian of the Peo- said anyone can make

? accusations and “he said,

a i she saids” and that the
as it is the first gateway of the Bahamas. : tatement should be
With tourism being a major pillar in the }
Bahamian economy, Ambassador Dingxi- } cane COE yore

an said the improved gateway was impor- } :
tant for competitiveness. “When you have } a iene nto veel the
improved infrastructure you have improved ; Statement because 1t was

? said.

ple's Republic of China said the highway
project was the “most important corridor,”

opportunity,” he said.

AGRIBUSINESS EXPO OPENS

=} GREEN-MINDED: The third
annual National Agribusiness
Expo hosted by the Ministry ff
of Agriculture and Marine
Resources opened yester- —y
day at Gladstone Road Agri-
cultural Centre. A wide vari-
ety of fruits, vegetables,
meats, marine products,
pastries, preserves, orna-
mentals, and handicrafts are
featured and offered for sale.
Fifty-one agricultural science
students will compete in root
crop, fruits and vegetables
categories. There also will
be cooking demonstrations
and culinary competitions
utilising native ingredients.
The expo will close on Sat-
urday at 2.15pm with an
awards ceremony.

Untrue

National Security Minis-

Gray’s statement was
“completely untrue” and

Speaker Alvin Smith

Mr Gray responded that

eaoee
ibune staff



Tim Clarke/Tr
THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 3



LOCAL NEWS

PUT UCT Te CS CC UT



Tim Clarke/Tribune staff



NDP says ‘repatriate fire
victims without legal status’

By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net

AFTER the Fire Trail Road
which left hundreds of Haitians
homeless, the National Devel-
opment Party (NDP) is urging
the Government to repatriate
those without legal status as
soon as possible.

Speaking to The Tribune yes-
terday just one day following
the massive blaze that con-
sumed the Haitian shanty town,
NDP leader Renward Wells
said that he knows this position
may be considered “harsh” by
some, but he feels it ought to be
the “de facto position” of any
government of the Bahamas.

“You can’t have people in
your country who are illegal,
who are breaking laws, who
were breaking laws by being in
the communities that they were
in. I know people think that is a
harsh reality, but when you live
in a society like the Bahamas
where you have so many rules
and regulations that just go
unenforced, and we talk about
our high level of crime and yet
we still see all of these issues
that take place, especially in the
immigration arena where we
do absolutely nothing. This is
a clear case where the agree-
ment we have with Haiti to
repatriate persons, we ought to
be doing that,” he said.

Minister of State for Social
Services Loretta Butler-Turn-
er said that the Department of
Social Services through the
National Emergency Manage-
ment Agency (NEMA) will

out of the Bahamas.

“They are here illegally.
That’s where it ends and that’s
where it begins. I think we need
to start with the realities on the
ground. They are here illegally.
And so you begin there and
you work yourself toward the
solution and the solution is that
if people are here illegally they
need to be sent home,” he said.

Hitting out at both Prime
Minister Hubert Ingraham and
PLP leader Perry Christie, Mr
Wells said that both the FNM
and the PLP have been too soft
on the issue of illegal immigra-
tion.

Mr Wells said that it boils
down to one of two things:

“Either the leaders are
incompetent or they are facili-
tating the situation by allowing
it to take place. Those are the

ey eee

eee

only two arguments you can
give. They are either absolute-
ly incompetent on the issue or
facilitators. If you are not
incompetent, and you are not
facilitators, then you would be
doing your jobs. We know
where these shanty towns are.
This is nothing new.

“We have seen them. The
Tribune was the paper that
pointed out that there are 38
shanty towns in Nassau, to the
dismay of many Bahamians.
Bahamians thought it was only
two or three. But to find you
have 38, and that’s just Nassau;
we are not talking about Aba-
co, we’re not talking about
Eleuthera, we’re not talking
about the growing shanty town
in Exuma, we’re not talking
about Grand Bahama. And
these things ought to be

Soe











mee Orr



CASSETTES

By LAMECH JOHNSON

FOLLOWING the huge fire that destroyed
the Fire Trail Road shanty town — the second
clapboard community razed to the ground in three
months — aid agencies are doing what they can to
assist the now homeless victims.

Caroline Turnquest, director general of the
Bahamas Red Cross Society, said the organisation
is providing basic necessities.

"We're a part of NEMA (the National Emer-
gency Management Agency) and so right now
we're assisting with bedding, sheets, water, food
and other basic supplies that can be of help to the
victims,” she said.

NEMA is headed by Stephen Russell, who was
at the site of the fire and is continuing to co-ordi-
nate help to the displaced community.

Mrs Turnquest said the Red Cross, NEMA
and the Ministry of Social Services will come
together after a full assessment of the situation has
been conducted, to make a decision on how to
proceed.

Meanwhile, she said, the society is willingly
accepting donations and help from members of
the public.

addressed.

“And it seems as if our lead-
ers themselves are encouraging
this by not enforcing the laws of
this country. We use these peo-
ple for all matters of malfea-
sance, labour, and I shan’t say
what other things. But the fact
of the matter is this situation
must be addressed and it must
be addressed forthwith. The
Bahamian people are calling
for it to be addressed,” he said.

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She said financial assistance can be dropped
off at their headquarters on John F Kennedy Dri-
ve. Volunteers can register there as well.

Kim Sawyer, Assistant Director of Social Ser-
vices, said her department is still not in a position
to give an accurate estimate of how many people
were displaced by the fire.

“At the moment, we have seen 125 persons,
but we are going back to do more assessments,”
she said.

Ms Sawyer said the department has to wait
until the figures are confirmed before its aid mech-
anisms can kick into gear.

Meanwhile, she said, "We are working with
non-government agencies to assist with the iden-
tification of the victims and providing basic essen-
tials along with hygiene kits.”

The Social Services official urged members of
the public to also assist in whatever way they can.

"Some of the victims lost everything. Whatev-
er the public can assist with, be it household items,
food, water — whatever they can provide will be
much appreciated,” she said.

Anyone interested in helping the displaced per-
sons can contact the Bahamas Red Cross on 323-
7370.

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issue emergency food assistance
to these Haitian nationals, but
that is the limit of what they
can do.

She said: “Unless they are
Bahamian nationals we cannot
extend all services that we do
for Bahamians”.

Seconding the sentiments of
Mrs Butler-Turner, Mr Wells
said that if the NDP were in
government, they likewise
would consider whether per-
sons have food and a place to
stay.

“But the fact of the matter
is the NDP’s position has
always been that we believe in
having a national database of
everybody who is in this coun-
try. We would have finger-
printed these persons, taken
pictures of them, and like I said,
they would be on the next flight

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PAGE 4, FRIDAY, MARCH 4, 2011

THE TRIBUNE





EDITORIAL/LETTERS TO THE EDITOR

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.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-199]

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.

Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, PO. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. F-485, Freeport, Grand Bahama

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387

WEBSITE
www.tribune242.com — updated daily at 2pm

Weekend Agriculture Expo well worth visit

PRIME MINISTER Ingraham in opening
the third agri-business expo at BAIC’s Glad-
stone Road Agriculture Complex yesterday
stressed the importance of Bahamians becom-
ing more self sufficient in their food produc-
tion.

Earlier this year he “noted that oil prices
were rising with direct implications for the
production, supply and cost of food interna-
tionally. Continued turmoil in North Africa
and the Middle East suggests that these con-
cerns may not abate for some time with the
related effect of rising food prices for the
foreseeable future.

“Increased attention continues to be paid
to the impact on marine resources of rising
global temperatures and sea levels. The spe-
cific impact on our marine resources remains
unknown though there are estimates that are
alarming,” he said.

“On the export side, the marketing of agri-
cultural and fisheries products has become
more complex. In addition to meeting con-
sumer expectations with respect to quality
and presentation, ethical and environmental
issues are also critical in determining whether
a product will find favour in the marketplace.

“A well-formulated and articulated plan
with specific and quantifiable targets is there-
fore a necessary step in addressing the chal-
lenges and realizing the opportunities in the
global environment,” he told his audience.

With the Bahamas importing at least 80
per cent of its food from overseas at an annu-
al cost of more than $250 million it is impor-
tant that Bahamians learn to feed themselves
— if only with a backyard garden.

Students play an important part in this
year’s agricultural programme, some man-
ning booths showing off their produce, others
providing the entertainment. The islands of
Eleuthera, Andros, Cat Island and Long
Island are well represented at the expo.

Mr Rai Budhu, who is in charge of gov-
ernment’s agricultural programme for
schools, is there with his students and their
produce from Andros.

At today’s event Mr Budhu will give a talk
on government’s agriculture programme for
schools.

Berlicia Saunders of Sunland Baptist
Academy in Freeport opened yesterday’s
programme with the singing of the National
Anthem, followed by selections by the RM
Bailey Senior High School choir, a skit on
agriculture by students of Old Bight High
School, Cat Island, and a steel pan band from
Uriah McPhee Primary school. All of the
participants were under 14 years of age —
hopefully they will be the food producers of
the future.

Today there will be a culinary competition,
touring of booths, the professional bartenders
tropical drink competition, instructions in

tree pruning, a demonstration in compost-
ing, and a high school chefs culinary compe-
tition. Mr Alphono Smith, a BAIC officer,
will give a talk on BAIC’s plans to ensure
agricultural sustainability in the Bahamas.
And, of course, there will be plenty of music
to provide a festive atmosphere.

There is much to see and purchase from
the various booths — from fruit and vegeta-
bles, to jams, jellies, condiments, baked goods,
all made from home grown produce.

There is also straw work, and, of course,
the livestock section with the poultry, pigs
and goats.

Children will be delighted with the huge
sow and her seven suckling piglets. They also
will be fascinated to see and compare the
Bahamian sized native goat with her huge,
oversized offspring, the result of govern-
ment’s recent in vitro fertilization programme
to improve the local stock.

Saturday — the Governor General’s Day
— will be a day for buyers when visitors can
tour the booths to make their purchases.

During the morning student apprentices
will participate in a bread baking competition
and at noon Mr Basil Miller of BAIC will
give a talk on planned propagation. At 2pm
there will be a male master grill competition
with the HM Prison’s pop band playing for
the crowd.

The awards ceremony will be held at
2.30pm, followed by a performance by the
National Youth Choir, and the National
Dance School. There will be music all day
until the close of the programme Saturday
evening.

At yesterday’s opening, Mr Ingraham
commended the Ministry's Backyard Gar-
dening Programme which encouraged New
Providence households to produce some of
their own food.

“This,” he said, “is a timely project, given
projected rising food costs, but also important
as we seek to promote and support healthier
eating and lifestyles among our citizens as
well as the production of organic crops.

“Moreover, the Backyard Gardening Pro-
gramme is a part of a mini-revolution in agri-
culture in terms of our attitudes about farm-
ing as well as helping an increasingly urban
Bahamas to reconnect to the land.”

Mr Ingraham said that Agriculture Minis-
ter Larry Cartwright, himself a farmer from
Long Island, “knows intimately the great
benefits of small scale gardening and farm-
ing. ”

Mr Ingraham applauded Mr Cartwright
“for his outstanding leadership, this time in
relation to a programme that has issued more
than 4,000 kits to Bahamians to garden in
their own backyard.”

We recommend the Agri-Business expo as
a worthwhile family outing for this weekend.

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Nassau



A positive
step in right
direction

EDITOR, The Tribune.

In Thursday 24th of Feb-
ruary 2011 edition of The
Tribune on page 10, appears
an article under the heading
“We the people” to create
a Police Athletic League to
keep youths off the streets. I
wish not only to salute Mr
Fields and his organisation,
but to take my hat off to
them for coming forward
with such an excellent pro-
ject at this crucial point in
time of escalating criminali-
ty in our society. Kudos also
go out to Commissioner
Greenslade for so readily
accepting and embracing the
opportunity to partner with
so excellent a project which
can only spell success if
managed properly.

In 1952, as a young con-
stable, I started a similar
project in the Catholic
schools in New Providence
called the Catholic Youth
Organisation (CYO) from
this organisation many end-
ed up in the police force and
served this country well.
There were no Service
Clubs in the nation at that
time and I had to rely on the
cooperation of the teachers
and parents. There are a
number of Service Clubs in
our society at this time,
many of which are making
their presence felt in our
communities. It will bode
well with the COP if he can
persuade a number of
Senior Officers of and above
the ranks of Inspectors, to
join a service Club of their
choice. Such an exercise will
increase public relations
between the entities and cre-
ate ready partners in any
community initiatives
planned by the Force. In the
mid and late 1960s such
partnerships between the
Force the Kiwanis Club of

LETTERS

KeUUCLEN@UNALONUalelantere (eM aledE



Nassau and the Rotary Club
of which I and Mr Albert
Miller were respective mem-
bers, worked wonders for
joint sponsored initiatives
by those clubs and the force.

We will do well to remem-
ber that there is nothing new
under the sun and that what
goes around will come
around. This initiative, if
well organised, well super-
vised and well managed can
do wonders in rescuing hun-
dreds of uncontrolled and
unsupervised youths roam-
ing our streets between 3
and 8pm daily. I humbly and
sincerely make the follow-
ing suggestions for consid-
eration by the committee
responsible for the imple-
mentation of the pro-
gramme.

¢ That all divisions of the
force excepting central divi-
sion create a youth club for
youths in their area, males
and females.

¢ Programmes to include
all aspects of sports, includ-
ing boxing and swimming.

¢ That all service clubs in
New Providence be invited
to be a part of this most
important drive.

¢ That basketball, volley
ball and tennis courts be
built at police facilities
where they do not now exist.

¢ That Coaches from all
existing sports organisations
be lobbied for voluntary ser-
vice.

¢ That sponsors from cor-
porate citizens be sought by
each area division to sup-
port the initiatives.

¢ That all news media be
invited to be a part of the

programme,
e¢ That where necessary,

government be petitioned to

help. (Ministry of Sports)

e That a National com-
mittee of members from
“We the People”, the police,
the media and all sport
organisations be appointed
for the drafting, implemen-
tation and supervision of
programmes

e Physical training and
foot ceremonial drills by
police instructors for
parades with regular friend-
ly competition between divi-
sions.

This programme is a
sound one that can gener-
ate positive results save for
one aspect, and that is a
demand for pay in order to
be a part of the programme.
Because of the constant rip-
offs by many supposedly
charitable programmes in
this nation, including the
One Bahamas programme,
over the years, parents are
sceptical when they hear of
paying or making donations.
This programme must be
strictly charitable and vol-
untary. I will agree that it
will take money to deal with
such a venture; but the pit-
tance that families could
afford in these hard finan-
cial times could and would
not make a dent into the
amount required. This is
why I am suggesting that
corporate Bahamas, the ser-
vice clubs and the govern-
ment, sports ministry, be
invited to be a part of this
initiative. This is definitely
a step in the right direction;
let us not abort it in its
embryonic stage.

ERRINGTON

W I WATKINS
Nassau,

February 24, 2011.

Public must know about these
unscrupulous business practices

EDITOR, The Tribune.

The grand public viewing of NADS’ New
Airport Terminal was on Saturday.

The response by the public was very good, so
good that when I went to park in the long
term parking lot, it was full, and I was direct-

on deaf ears, I repeatedly told him that the
long term lot was full, etc...and he insisted that

tices.

I pay the full $60.

I did with regret and I also informed him
that the public must know and will know, and
be aware of these unscrupulous business prac-

ed by a member of the Royal Bahamas Police
to park in the short term lot.

I was not attending the opening, but I was
actually travelling.

When I got back home a day later, I was
charged $60 for parking for one day.

Well I was very annoyed at this, since NAD
could not accommodate me in the long term
parking, and then had the nerve to charge me
for their absurd short parking rates.

Iimmediately asked to speak to the super-

Iam a Bahamian, I do hope that this report

will reach the editor’s column.

We can sit quietly when we are being ripped

off.

It’s not about the small amount of money,

but the principle of the matter.

If one cannot accommodate the cars for

parking in long term, why should the public
pay the absurd short term parking fees?

Let’s stop this! It’s not right.

visor of the parking lot, and he turned up a few

minutes later.

However to no avail, what I was saying fell

THEO
Nassau,

February 28, 2011.

Bahamas Humane Society hacks passing
proposed Disability Rights Legislation

EDITOR, The Tribune.

I read with great interest and
compassion the letter from Mr
Jerome Thompson to the Edi-
tor on February 25th.

I would like to make it very
clear that, we, at the Bahamas
Humane Society are in total
support of passing the proposed
Disability Rights Legislation to
give equal rights and opportu-
nities to all Bahamians with or
without disabilities, and to assist
those with special needs.

Many countries around the
world have various pro-
grammes where dogs are
trained to be companion ani-
mals that help people with var-
ious disabilities.

The Potcake is a highly intel-
ligent dog and could quite pos-
sibly lend itself to this kind of
training.

Many people think that the
Potcake is inferior because they
see so many scruffy examples
on the streets of our towns.

They are only scruffy because
we have not learnt the value of
these animals that are the prod-
ucts of crossbreeding of many
extremely expensive and high-
ly pedigreed dogs brought into
our country over the years.

We, at the Bahamas
Humane Society, would wel-
come any form of interaction
between disabled citizens and
our dogs. The bond and trust
that can be built up between
dog and his owner can help
alleviate stress and help to build
up self-confidence and self-
esteem.

These animals could be
trained to help people do things
that they are unable to do on
their own.

Dogs are used all over the
world to help the blind see, the
deaf hear, the epileptic know
when a seizure is oncoming, the
anxious when an anxiety attack
is nearing, they are being used
to detect cancer, and other ail-
ments... their sensitive noses

can sniff out bombs, drugs,
food, they are even used to
detect bedbugs in hotels! Here
we do not even explore these
possibilities!

It would make us very proud
at the Bahamas Humane Soci-
ety to be able to help provide
assistance to people with a dis-
ability...If there is ever any-
thing that we can do to help the
cause and assist people we
would be more than happy to
play an active part in helping
people have happier and easier
lives.

Mr. Saunders, I don’t know if
the Government cares more
about animals than people with
disabilities, it’s not my place to
say, but I would like you to
know that we, at the Bahamas
Humane Society, are 100 per
cent behind you.

KIM ARANHA
President,

Bahamas Humane Society,
March, 2011.
THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 5



LOCAL NEWS



Defence Force
vessel intercepts
hoat believed to

contain marijuana | @

A ROYAL Bahamas
Defence Force (RBDF) ves-
sel intercepted a go-fast vessel
and a number of packages
believed to contain marijuana
off Great Inagua during a
joint operation with Opera-
tions Bahamas Turks and
Caicos (OPBAT) on Wednes-
day.

The go-fast vessel was ini-
tially sighted by an OPBAT
helicopter operating out of
Great Inagua. Asa result, the
Defence Force vessel, HMBS
P-130, was dispatched from
the Defence Force Base in
Inagua just before noon.

RBDF officers stationed at
the OPBAT centre also
accompanied the Defence
Force vessel.

The go-fast vessel was
eventually intercepted around
2pm that afternoon approxi-
mately 30 miles west of Great
Inagua with the assistance of
the OPBAT helicopter. Five
Bahamian men were subse-
quently arrested and a num-
ber of packages believed to
be marijuana were retrieved
from the water.

While enroute to Great
Inagua, P-130 intercepted
another go-fast vessel; how-
ever, no contraband was
found. The four Bahamians
found onboard this second
vessel were also taken into
custody by P-130 and trans-
ported to Inagua later that
night.

The nine Bahamians and
suspected drugs were later
turned over to local police at
Matthew Town, Inagua for
processing.

OPBAT is a tripartite
agreement between the Unit-
ed States, the Bahamas and
the United Kingdom (Turks
and Caicos Islands) to
enhance drug interdiction
efforts between the three
countries. P-130 is an inter-
ceptor vessel that was donat-
ed to the Defence Force
under the US Enduring
Friendship programme to
enhance maritime security
assistance among regional
partners.

‘eoleai as

Pinewood man
sentenced

for marijuana
possession

A 39-year-old Pinewood
Gardens man has been sen-
tenced to a year in jail after
pleading guilty to a marijua-
na possession charge.

Brian Ricardo Bullard
pleaded not guilty on
Wednesday to the charge of
possession of marijuana with
the intent to supply. Accord-
ing to the prosecution,
Bullard was found in pos-
session of three pounds of
marijuana on Monday, Feb-
ruary 28.

The drugs, according to
the prosecution, were dis-
covered inside a Pinewood
Gardens residence during a
search by police officers.
Deputy Magistrate Carolita
Bethell sentenced Bullard
to one year in jail.

By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net

THE Water and Sewerage
Corporation yesterday denied
that there was any impropriety
in its awarding an expansion
contract to the Consolidated
Water Company.

The WSC, hitting back at
the PLP which earlier this
week raised concerns about
the relationship between the
government corporation and
the water company, also
denied that Consolidated
Water now has a monopoly
over water delivery in New
Providence.

The PLP had expressed con-
cern that a contract to expand
WSC’s Blue Hills facilities was
awarded to the Consolidated
Water Company without the
correct public tendering
process.

The party also described
WSC's decision to enter into
a new contract with Consoli-
dated Water as a “highly ques-
tionable” development.

Responding to the opposi-
tion party, WSC chairman
Anton Saunders said that the
corporation’s executive man-
agement and the board of
directors “are satisfied that
there was no impropriety in
the bidding process, and that
the decisions and actions taken
were transparent and in the
best interest of the Bahamian
people.”

He explained that competi-
tive bidding normally takes 18

WSC hits back at PLP
concerns raised this week

to 24 months, “but this time-
frame would have increased
the risk to the Bahamian pub-
lic of sustained water shortages
during the transition period.”

He said the corporation
knew that they had to improve
water production on an accel-
erated schedule due to the
relocation of the WSC’s con-
tainer terminal facilities to
Arawak Cay.

Mr Saunders said: “The
downtown redevelopment ini-
tiative dictated that container
terminal facilities would be
relocated to Arawak Cay by
mid-2011 and all of the corpo-
ration’s facilities would have
to be relocated to the south-
ern side of Arawak Cay to
accommodate.”

According to Mr Saunders,
the corporation would have
needed an additional $3 mil-
lion from the government in
order to finance barging and a
new port facility. Instead, funds
allocated for relocation would
be used to construct a new
five-million gallon storage tank
at the Blue Hills low level stor-
age compound and, as funds
allow, other pipework
improvements.

Mr Saunders said that this
move would negate costs asso-
ciated with maintaining barg-
ing beyond 2011.

It was estimated that water

barged from Andros accounts
for three million imperial gal-
lons daily (MIGD) or 30 per
cent of the total water provid-
ed in New Providence.

Mr Saunders said that
despite its efficiency, the orig-
inal water supply strategy for
New Providence called for the
eventual replacement of barg-
ing as it is more costly, less reli-
able, and the water is of poor-
er quality. The corporation
expects to eliminate shipping
in eight months.

The WSC, he said, solicited
and received proposals from
three firms: Consolidated
Water, New Providence Devel-
opment Company (NPDC),
and Reiss Engineering, to
increase production capacity at
Blue Hills and construct new
facilities at Windsor on an
accelerated schedule.

“Consolidated was chosen
for obvious reasons as it has
facilities at both locations.
NPDC was chosen because the
corporation has been in dis-
cussions over the years regard-
ing the corporation supplying
NPDC and formalising its pre-
sent operations in the west.

“Reiss Engineering is a well
respected international and
local firm, who it was deter-
mined had the necessary tech-
nical capability to execute such
a project. Those approached

were specifically required to
meet a stringent price ($6-
6.50/1,000 gallons) and time
(six-nine months) criteria. The
price criteria was related to the
cost of shipping where direct
costs for charter hire, fuel, and
lube oil alone are $6.50, and
overall costs excluding staffing
total $7.60 per thousand impe-
rial gallons, and the time crite-
ria was related to the schedule
for full relocation of the cor-
poration’s facilities at Arawak
Cay without incurring signifi-
cant additional capital expen-
diture,” he said.

Mr Saunders added that the
potential sites were chosen to
minimise additional capital
expenditure due to existing
infrastructure and planned
improvement projects such as
the new JFK Gateway and the
Robinson Road improvements
under the New Providence
Road Improvement project.

“Two of the three firms met
the criteria. As a result, execu-
tive management recommend-
ed and the board approved the
award of a contract to Consol-
idated to expand the Blue Hills
facility, and an award to NPDC
following further negotiations
and discussions on its franchise
area. A binding agreement has
been signed with Consolidat-
ed Water (Bahamas) Ltd to
increase water purchased at the
Blue Hills plant by 3.55 MIGD
at a cost of $6.20 per thousand
imperial gallons and contrac-
tual terms have also been sub-
stantially agreed with New
Providence Development



Minister of Finance announces
E-government programme launch

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

ADDRESSING the House
of Assembly yesterday morn-
ing, Minister of Finance and
MP for Marco City Zhivargo
Laing announced that the E-
government programme would
be launched by mid-summer.

He said: “By the end of July
of this year it will be possible
to execute this programme,
that will put the Bahamas in a
position to advance forward in
a ways that have yet to be
seen”.

According to Mr Laing, $10
million will be spent in an
effort to advance E-govern-
ment in the Bahamas — allow-
ing, among other things, for
persons to apply for business
liciences, pay real property tax-
es, pay fixed penalty fines and
renew drivers liciences online
from anywhere in the world.

Mr Laing said contracts
worth almost $650,000 have
been signed with a Singapore
consultancy group, which will
be spearheading the E-gov-
ernment initiative, and agree-
ments worth more than $4.6
million have been signed with
IBM for the hardware, soft-
ware and ongoing services for
the programme.

Addressing the “inefficien-
cy” of the government’s cur-
rent website, Mr Laing said the
government has made an
investment to reform and revi-
talise the platform.

He said that “while beauti-

Zhivargo Laing

ful”, the government’s “virtual
face to the world is not user
friendly and does not work in a
way that an effective govern-
ment would want a website to
work”.

Mr Laing said a Canadian
Company has been contract-
ed for $500,000 to complete
the revitalisation of the website
so that both Bahamians and
foreigners will find it useful
and informative.

He also announced that the
government plans to spend
$800,000 on a “business intel-
ligence solution” that will com-
pile all government documents
into a central “virtual data
warehouse”.

While not everyone will
have access to the system, Mr
Laing said, it will increase gov-
ernment efficiency and make
life easier for Bahamians.



Bimini man wanted
for questioning in
connection with robbery

THE Central Detective Unit is seek-
ing the public’s assistance in locating a
Bimini man who is wanted for question-
ing in connection with a robbery.

Police are searching for 25-year-old
Wansal Ricardo Rolle, alias “Chedder”.

According to the all-points bulletin
issued for Rolle, the suspect has a light
brown complexion and weighs approxi-
mately 200Ibs at a height of 6’2”.

His last known addresses are Davis
Street, Fox Hill and Bailey Town, Bimi-

ni.

Rolle is considered armed and

extremely dangerous.

If the suspect is seen approach with
caution and contact the police at 502-
9910 502-9991 or Crime Tipsters at 352-
1919 or 328-8474, and in Bimini at 347-

3144 or 919.



Wansal Ricardo Rolle




4

FORKCHEFS/AND,

: a



cenendinnttionaaialae

ee

SHOE STORE

121 EAST ST. PH 322-5276

Water and Sewerage denies
xpansion contract impropriety



ry

Anton Saunders

Company for two MIGD at
$6.30 per thousand imperial
gallons,” he said.

“Consolidated Water will
not be in a monopolistic posi-
tion in New Providence in light
of imminent award of a con-
tract with New Providence
Development Company to sup-
ply a further two MIGD.”

Mr Saunders added: “The
additional supplies will also
position the Corporation to
meet the anticipated demands
from Baha Mar in the short
and long term. Production
capacity on New Providence
will improve from barely meet-
ing present demand of 10.5 to
11 MIGD, to fully satisfying
that demand in addition to hav-
ing the capacity to serve Baha
Mar and allowing existing
groundwater resources to be
rested.”

Hal
as

FOR PEST PROBLEMS
PHONE 322-2157



Een

Tae oe
Sree





Teles
PAGE 6, FRIDAY, MARCH 4, 2011

THE TRIBUNE





Anglican Diocese
fun/run walk set
for Saturday

THE Anglican Diocese
of the Bahamas and the
Turks and Caicos Islands,
in celebration and thanks-
giving of its 150th anniver-
sary as a Diocese, will hold
a family fun runAvalk on
Saturday.

The event will begin at
Christ Church Cathedral at
6am and is expected to
attract hundreds of Anghi-
cans from all 18 New Provi-
dence parishes, as well as
members of the public who
wish to participate in this
healthy life-style activity.

THE ROUTE IS

AS FOLLOWS:

¢ Christ Church Cathedral,
south on George Street to
Princess Street

¢ West on Princess Street to
Baillou Hill Road

¢ South to Baillou Hill Road to
Wulff Road

« East on Wulff Road to
Collins Avenue

¢ North on Collins Avenue to
Shirley Street

¢ West on Shirley Street to
Elizabeth Avenue

¢ South on Elizabeth Avenue
to Sands Road

¢ West on Sands Road to
Addington House (The Angli-
can Diocesan Office)

Chairperson for the 150th
Anniversary, Idris Reid,
said the event is timely, as
more and more Bahamians
are paying attention to
their health.

“More and more
Bahamians are becoming
health conscious and realis-
ing the importance of exer-
cise, and so this family
fun/run walk will provide
an opportunity for us as
Anglicans to come together
as a church family in a
healthier church as we fel-
lowship together and cele-
brate our 150th anniver-
sary,” said Mr Reid.

The fun run/walk has sev-
eral competitive elements,
and prizes will be awarded
to the church with the
largest number of regis-
trants, as well as individual
prizes for the top three win-
ners in various age cate-
gories.

The registration fee is
$15 which includes a T-
shirt. Persons may register
at any New Providence
Anglican church.

LOCAL NEWS



Tim Aylen/Photo

BEST FRIEND: Film star Alec Baldwin presents Amigo with the Ambassador of Good-
will Award for his work promoting spay/neuter programmes. Pictured with him are
Amigo’s friend and trainer, William Grimmer and owner Frances Singer-Hayward.

Amigo Fund,
Humane Society
sponsors GB
spay/neuter
field clinic

THE late Bahamian potcake star
‘Amigo’ is still hard at work through a
special fund which assists with animal
protection initiatives.

The latest mission of the Amigo
Fund along with the Humane Society
International has been to help sponsor
the recently held spay/neuter field clin-
icin Eight Mile Rock, Grand Bahama.

The issue of spaying and neutering
cats and dogs is one Amigo was
strongly associated with in his lifetime
as the official ‘poster dog’ of the
Humane Society of the Grand
Bahama Spay/Neuter Campaign.

He was featured on its posters as
well as in full page adverts in tourist
magazines, raising awareness of this
important method of controlling pet
overpopulation.

Amigo’s Fund is a Bahamian chari-
table trust (amigosfund.org) which was
set up after the potcake’s death to
honour his legacy and mission and has
helped HSGB to sponsor prior spay/
neuter initiatives and ‘puppy lifts’.

Amigo, through his association with
the Humane Society of the United
States (HSUS) as the star of the
‘Bekind Campaign’, and most notably,
along with HSUS CEO Wayne Pacelle
and hip hop impresario Russell Sim-
mons, was featured in public service

announcements in the US dealing with
the issues of dog fighting and cruel
animal trapping. Both PSAs can be
seen in the “watch” section of
bekind.org.

Amigo was also the inspiration
behind the potcake series of Bahami-
an commemorative stamps featuring
paintings by famed local artist Alton
Lowe.

Amigo’s Fund founder and HSGB
honorary chair Frances Singer—Hay-
ward, who rescued Amigo from the
bush as a starving and diseased stray
potcake, said: “I cannot possibly imag-
ine a more appropriate endeavor for
Amigo to be associated with then a
spay/neuter initiative, partnering with
his old and dear friends both at
HSUS/HSI and the Humane Society
of Grand Bahama. We can only pray
that everyone will become more sup-
portive of initiatives such as this and
that pet owners themselves will be
responsible enough to have their own
animals sterilised if they are free to
wander and mate, adding to the trag-
ic homeless animal problem resulting
in unthinkable animal suffering, so
prevalent on Grand Bahama island.
We thank all those who were involved
and fervently hope that this is only
the beginning.”



MINISTRY of Works and
Transport officials have set up
an Information desk in the
Mall at Marathon where mem-
bers of the public can go to
learn more about the ongoing
road works in the Robinson
Road and Marathon Road
area. Alfred Marshall (stand-
ing) is being brought up to
date on the progress of the
road project. Seated, from
right, are: Sgt 1235 Garland
Rolle, RBPF Traffic Depart-
ment; Charlene Collie-Harris,
project engineer, Ministry of
Works; Andrea Butler, execu-
tive officer, Ministry of Works;
Latoya Walker, public rela-
tions officer, Jose Cartellone
Construcciones; and Francis
Clarke, project engineer, Min-
istry of Works.

ST: CECILIA’S CATHOLIC CHURCH

To: All Members Of Salem Baptist Church
CoC porative Credit Union Linited.

MINISTRY OF WORKS AND TRANSPORT SETS UP NEW
INFORMATION DESK IN THE MALL AT MARATHON

















¢@ ~
7 SATURDAY MARCH 5â„¢, 1011
Cultural & Heritage Site,
Arawak Cay

New Proevidenos, Bahanws.

Annual General Vesting (AG hh

Itis hereby notified pursuant ta section 21f4}
ofthe cooperative societies act of The Baha-
mas, that the annual general meeting of The
Salem Baptist Cotdperative Credit Union Lin-
ted will be held at The Salera Baptist Church,
Educational Building, Tawar Street, on Tuesday
hlarch & at ?.00pri.

The purpose of the meeting vill be to re yieyy
The Audited Financtal Statements for 2009,
election of affcers and ta discuss importart
matters pertaining ta The Credit Union.

It is further notified that there vill be no second
call meeting.

All hlernbers Ave Required To Attend Share Your news
The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
as you are raising funds for a
good cause, campaigning
for improvements in the &s
area or have won an G7
award.

If so, call us on 322-1986
and share your story.

Nathaniel Adderley
Director Of Societies


THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 7

LOCAL NEWS



Water plant to be built in
Williams Town, Exuma

GEORGE TOWN, Exu-
ma — Minister of State for
the Environment Phenton
Neymour announced that
the government will install a
reverse osmosis (RO) plant
in Williams Town to meet
the present and future needs
of the Little Exuma settle-
ment.

“Williams Town is a set-
tlement of approximately 70
homes who receive water
through typical groundwa-
ter wells,” Mr Neymour said
during a tour of the settle-
ment on February 27. “We
gave approval to the Water
and Sewerage Corporation
(WSC) last week to install
a reverse osmosis plant at
this site, with six 5,000-gallon
storage tanks.”

Mr Neymour was a mem-
ber of a delegation to the
island led by Prime Minis-
ter Hubert Ingraham. They
visited other sites for infra-
structural development, such
as the old naval base site,
the dock in George Town
and the Ferry Bridge that
connects Great and Little
Exuma.

Also in the delegation
were: Minister of State for
Land and Local Govern-
ment Byran Woodside,
senior government officials,
outgoing Ambassador of the
People’s Republic of China
Hu Dingxian and represen-
tatives of the China Harbour
Engineering Company.

Minister Neymour noted



By LAMECH JOHNSON

JUST days after the unoffi-
cial opening of the Harry C
Moore Library and Informa-
tion Centre at the College of
the Bahamas, some students
have already spoken out
about the shortage of books
in the new facility.

Jillian Russell, a secondary
education major specialising
in language and literature,
shared her concerns with The
Tribune on the matter.

"They need to hurry up
and get new books," Ms Rus-
sell said, adding that while
she likes the new library, it
will continue to feel incom-
plete until the shelves are
more full.

Ashley Thompson, a bio-
chemistry major, agrees that
there are not enough books.

She described the new
library as “impressive”, but
said this could be a good or a
bad thing.

“It's a step up from the old
library but it might be too
extravagant. It looks like a
mall,” she said.

Nursing major Shaniqua
Roberts said the new facility
“is cool” and has ample space
and many study rooms. “It
also has a wide variety of sit-
ting areas where one can
occupy their time. I like it,”
she said.

Ms Roberts said that unlike
her fellow students, she is not
affected by the lack of books
— because she does not use
them.

She explained that most of
her research is conducted on
EbscoHost, one of the many
online databases that students
of COB have access to.

Some of the lecturers took
time to tour their new library.

Hugo Zarate of the School
of Journalism and Communi-
cations said he was impressed
by what he saw.

“Media students will real-



(left) speaks in front of the groundwater well that currently provides
potable water to Williams Town, Exuma, as Prime Minister Ingraham

looks on.

that WSC had already start-
ed the preliminary ground-
work on the RO project and
that two of the tanks are
already on site.

“There will be four more
tanks delivered to this site
to provide reverse osmosis
to the residents who have
been plagued — as some of
you who are here today can
witness — with the smell of
hydrogen sulphide problems
due to the pond nearby,” he
said.

Mr Neymour said the
mains have already been
installed and run directly to
all homes in the community.

ly benefit from the new spaces
and facilities,” he said.

As one of the teachers
working on introducing a
Bachelor's Programme for
Media Journalism, he says the
new library couldn't have

REEFA CHE

All that remains is for the
system to be connected to
the RO plant once it is up
and running.

He added that the WSC
will have to install two deep
disposal wells to remove the
brine created at the plant,
as well as a seawater well
for extracting water.

“We anticipate to award
the contract within the next
month and the construction
will take three to five
months before completion;
so we expect the project to
take about six months for
the residents to receive the
water,” he said.

come at a better time.

The Tribune attempted to
contact senior library staff
about the sparse collection of
books, but messages were not
returned up to press time last
night.



THE TWO 5,000-
gallon water tanks
that are already on
site. There will be a
total of six tanks
when the RO plant
is complete.

Eric Rose/BIS

BU

Sunday March 6th 2011
Green Parrot East Bay Streeth
RUE er eR UT |

Juice, Coffee and Tea

White) ol rer re ee hated
Potato,Salad;,Mixed,Greens-and
Cole Slaw

Peas and Rice, Macaroni
Vegetable Medley
French Toast

Chicken Marsala
Steamed! Mahi Mahi
Made to OrdenOmelets

Dessert

‘$19.95

‘Gratuityiis notlincluded

Nassau Hortowr Front

T:322-9248



In partnership with the

DEPARTMENT OF EDUCATION

Special Education Training Series-Phase Four

“Training for Parents & Individuals who serve Children with Special Needs:
Cognitive, Learning, Communication, Social & Physical”

This five session course will educate parents & other individuals on a variety of topics related to current issues &
ideas for assisting children with special needs. It will provide significant information and develop practical strate-
gies for promoting the success of each child. Each session will be collaborative with the goal of assisting each
participant in creating an effective course of action for providing the best care and positive opportunities for a child

with a special need.

Instructor: Michael McGinty, M.Ed., Principal, Bright Horizons School, FL.

* Free of Charge (donations welcome) * Child Care available

Dates
Times

: Orientation: February 12th Sessions: March 5th & 26th, April 9th, May 7th & 21st
: Saturdays 10.00am-12.45 pm

SESSION ONE

Saturday, March 5th at Queen's College, Village Road
10 a.m. — 11.15 — “Historical Overview and Possible Causes of Disabilities”
11.30 = 12.45 p.m. “Developing a Collaborative Individualized Education Plan’

* Pre-registration not required

For further information or if transportation needed: Please call the REACH Office & Resource Centre 328-4123

or @-mail reachautismbahamas@yahoo.com


THE TRIBUNE

PPT Pa PAT
NAVEL

= ORANGES




aia)
SEEDLESS

YELLOW

FRIDAY, MARCH 4, 2011, PAGE 9
LOCAL NEWS

Bahamas, US, Canatla,
Caribhean and Latin

A h¢ ta American nations in

Tratlewinds exercise





a4 APES ONIONS Coast guard, law enforcement

THIRTY representatives from the Bahamas
joined the US Marines and 22 partner nation
coast guard branches, law enforcement and
ground forces in Antigua and Barbuda on
Wednesday to participate in exercise

3 Ib. bag
Tradewinds 2011.

_ The, Tradewinds is a joint-combined, inter-agency

‘ta exercise and will involve US personnel from
the Marine Corps, Coast Guard, Army, Navy,
Air Force, National Guard, Joint-interagency
Task Force-South, Naval Criminal Investiga-
tive Service and the Federal Bureau of Inves-
tigation along with forces from: Antigua-Bar-
buda (Host nation), Bahamas, Barbados,
Belize, Canada, Colombia, Dominica, Domini-
can Republic, El Salvador, Grenada,
Guatemala, Guyana, Haiti, Jamaica,
Nicaragua, Panama, St Kitts-Nevis, St Lucia, St
Vincent, Suriname, Trinidad-Tobago.
Tradewinds is a annual US Southern Com-
mand sponsored exercise conducted in coop-
eration with Caribbean Basin, Central and
South American Partner Nations with the goal
of improving cooperation between partner

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The 2011 exercise will focus on regional
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ations training tracks.

“The goal of Tradewinds 2011 is to increase
cooperation among CARICOM, Regional
Security Service (RSS) and other partner
nations.

“This exercise will improve operational cen-
tre management, basic infantry skills, law
enforcement tactics, techniques and proce-
dures, search and rescue, maritime interdiction
operations and maritime operating proce-
dures,” said Major Eric Dominijanni of the
US Marine Corps Forces, South, exercise coor-
dinator.

“The US and the Caribbean share common
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=

Cy



A WOMAN is seen through the barbed wire of an adjacent United Nations watchtower, soon after secu-
rity forces fired to disperse women protesting for a peaceful solution to the nation's ongoing political
crisis, inthe Attecoube neighborhood of Abidjan, lvory Coast Thursday, March 3, 2011. Security forces
loyal to the man clinging to power in Ivory Coast fatally shot six women protesting his refusal to leave
office Thursday, as the U.N. said more than 200,000 people have fled the intensified fighting.The
demonstrators were cut down by machine gunfire in Abobo, the suburb that has been the scene of the
bloodiest clashes in the three-month-long-crisis. (AP)

ABIDJAN, Ivory Coast
Associated Press

SOLDIERS backing Ivory
Coast's defiant leader mowed
down women protesting his
refusal to leave power in a hail
of gunfire on Thursday, killing
at least six and shocking a
nation where women's marches
have historically been used as a
last resort against an unre-
strained army.

Because the president's secu-
rity force has shown almost no
reserve in opening fire on
unarmed civilians, the women
decided this week to organize
the march in the nation's com-
mercial capital, assuming sol-
diers would be too ashamed to
open fire.

But at least six of the thou-
sands of women demonstrating
Thursday were killed on the
spot, said Mohamed Dosso, an
assistant to the mayor of
Abobo who said he saw the
bodies.

The three-month old conflict
in Ivory Coast has entered a
new level of intensity. With
each passing day, the regime of
Laurent Gbagbo is proving it
is willing to go to any length to
stay in office following an elec-
tion that international observers
say he lost.

Sirah Drane, 41, who helped
organize the march, said she
was holding the megaphone
and preparing to address the
large crowd that had gathered
at a traffic circle in Abobo.

"That's when we saw the
tanks," she said. "There were
thousands of women. And we
said to ourselves, ‘They won't
shoot at women.’ ... I heard a
boom. They started spraying
us. ... I tried to run and fell
down. The others trampled me.
Opening fire on unarmed

women? It's inconceivable."

The attack prompted an
immediate rebuke from the
US., which like most govern-
ments has urged Gbagbo to
step down and has recognized
his rival as the country’s legiti-
mate president.

"The moral bankruptcy of
Laurent Gbagbo is evident as
his security forces killed women
protesters,” said U.S. State
Department spokesman P.J.
Crowley in a Twitter message.

In New York, the U.N. Secu-
rity Council said it is "deeply
concerned" about the escala-
tion of violence in Ivory Coast
and that it could lead to a resur-
gence of civil war there.

Nearly 400 people have been
killed in the west African coun-
try, including 32 in the last 24
hours, almost all of them men
who had voted for opposition
leader Alassane Ouattara,
according to U.N. figures and
combined with deaths con-
firmed by The Associated
Press.

Last week, Gbagbo's securi-
ty forces entered the Abobo
neighborhood and began
shelling it with mortars, a
shocking escalation indicating
the army is willing to use war-
grade weapons on its citizens.
Before that, the bodies seen by
reporters had bullet wounds
where the point of impact was
marked by a single stain of
blood. Since the escalation, the
bodies seen by reporters have
arrived at the morgue in body
bags dripping with blood.

A 14-year-old's corpse had
hundreds of shrapnel wounds
across the chest, and the doctor
who attempted to save him last
week said the wounds were the
result of a fragmentation
grenade, similar to those used
in Iraq and Afghanistan.

In Abobo, the official in the
mayor's office said that one of
the women had been ‘torn to
pieces’ by the barrage of gun-
fire.

"A woman," Dosso said in
disbelief.

For days, families carrying
suitcases streamed out of the
district in a massive exodus. At
least 200,000 people have fled
the suburb, said Guillaume
Nguefa of the human rights
division of the U.N. mission in
Ivory Coast.

"In Abobo district, the gov-
ernment is using heavy artillery
weapons against people,” he
said.

Multiple delegations of
African leaders have come
through Abidjan, Ivory Coast's
commercial hub, to try to per-
suade Gbagbo to leave office.
Gbagbo has rejected all their
proposals and offers of
amnesty, including the United
State's offer of a professorship
at a Boston university.

Gbagbo, a former history
teacher, has refused to cede
power, even though U.N.-cer-
tified results showed he had lost
the race by half-a-million votes
to Ouattara.

Instead, he demanded the
U.N. leave the country and
accused them of meddling in
state affairs.

For months, his security
forces led near-daily raids in
places such as Abobo, and the
morgues began filling up with
young men shot at point-blank
range.

Last week, one of the
morgues ran out of space, forc-
ing workers to stack bodies on
the floor. In January, the odor
from the morgue could be
smelled from the parking lot.
Now, it projects itself across the
street.
PAGE 10, FRIDAY, MARCH 4, 2011

THE TRIBUNE



MP denies fire was

started deliberately

‘Violent criminals’ in
BIC protest crowd

FROM page one i

Speaking in the House, the
National Security Minister
said: “If someone asks me,
what do I do in terms of ensut-
ing the safety of the chief exec-
utive of the country, it is sure-
ly not to walk toward that
crowd.”

He added that Mr Ingra-
ham is the sort of man who
would never ask another
person to do something the
Prime Minister would not do
himself.

Immediately after Mr
Turnquest made his com-
ments, PLP MP for West
End and Bimini Obie Wilch-
combe told the House his
party was not responsible for
“any unsavoury characters”
turning up in Rawson
Square.

Mr Wilchcombe said: “At
no time was it our intention
to put the PM’s life in jeop-
ardy. We believe in freedom
of speech and the right to
assembly, but at no time
would we put life in jeop-
ardy.”

The protest, organised by
a group known as Save BTC
for Bahamians, was also
joined by BTC union repre-
sentatives and a large group
of PLP supporters.

In the aftermath of the
protest, which turned violent
at certain points, PLP leader
Perry Christie denied
reports that he had paid pro-
testers to turn up in Rawson
Square.

Last week, Fox Hill MP
Fred Mitchell also comment-
ed in the House of Assembly
on claims that protesters
were paid by the party to
demonstrate.

“Aside from that being
untrue, so what if they were
paid?” he asked, referring to
the practice during the PLP’s
early protests in the 1960s.

“To mobilise people takes
resources: food, buses, and
communication, emergency
care to a name a few of the
possible expenses.

“So let’s not get distracted
by that fact,” Mr Mitchell
said.

Ulu

Yesterday's Question

FROM page one

resident said there were too
many “coincidences” sur-
rounding the recent spate of
fires at Mackey Yard and Sou
Woch, and the government’s
transformation efforts.

“People are feeling betrayed.
They have lost trust in the
process. That is the general
feeling of the people. I am
somewhat concerned that the
people might not be so coop-
erative anymore. I am some-
what concerned about it,” said
a translator, who has been
assisting Haitian residents
through the government’s
process.

Brensil Rolle, Garden Hills
Member of Parliament and Par-
liamentary Secretary in the
Ministry of Housing, denied
claims that the massive fire was
some form of state strategy to
advance its shanty town trans-
formation programme.

He said it was “extraordi-
narily regrettable that the fire
had to take place.”

“T am sure with the persons
who live in the area there is no
thought that it was a deliber-
ate act by the government. That
is ludicrous,” said Mr Rolle.

He said the government
made its position “clear and
evident” to residents long
before the fire destroyed Sou

Woch or Mackey Yard, and its
position “still stands.”

“Our plan to regularise the
area is continuing. The Ministry
of Housing will clear the site;
the surveyors will work to mark
out the land consistent with the
ongoing plan to reclaim gov-
ernment land and regularise
squatters. We will be talking to
contractors today,” said Mr
Rolle, speaking at the site of
the fire yesterday.

Although fire officials denied
intentionally delaying their
response to the blaze, residents
continued their criticism of the
fire department on Wednesday.
They also said bulldozers
pushed houses that were not
on fire into the blaze.

Some residents also claimed
police officers used weapons to
prevent individuals from help-
ing to remove items from hous-
es that were not on fire. Police
officers were not able to con-
firm these reports.

However, Tribune sources
said police officers had to man-
age several confrontations
caused over possible looting,
and an attempted attack on an
officer.

Sou Woch was one of the
largest Haitian villages in New
Providence. Its name means
“under the rock.” Today, only
the bare rock that provided a
foundation to hundreds of
homes 1s left as evidence of the

THE FIRE devastated the Haitian Village on Wednesday.

community.

One resident who lost his
home said he was saddened by
a comment made by a Bahami-
an onlooker, who reportedly
said: “Thank you God (for the
fire). Bahamians did a good job
today.”

According to some estimates,
Mr Rolle met with about 150
residents in the area on Tues-
day night at Good Samaritan
Church. Mr Rolle confirmed he
met with constituents and some
squatters.

Those attending said the
church venue was filled to
capacity with dozens of people
overflowing to the outside. Res-
idents claim they were
informed that in eight to nine
months, the entire area — cov-
ering all of the major

Carmichael shanty towns —
would look like Pride Estates.
This has been a consistent mes-
sage of the government.

One resident said they were
told “to prepare from now
because they could come any
minute now.”

Mr Rolle said he was
“absolutely not concerned”
about losing the support of the
residents in the transformation
process. Up to Tuesday night,
Mr Rolle said discussion with
the community was “reason-
able and open.”

As for reports of a change in
mood, he said he could not
“force them to accept the
process,” but the plans are con-
tinuing.

While some residents blamed
the government for the fire,



some observers have suggest-
ed residents of the yard might
have set light to the fire as a
last ditch effort to get help from
the government.

Yesterday, the anger of resi-
dents spilled over to the neigh-
bouring Government Yard. A
resident of the village said they
chased away a tractor when it
came to clear land and bulldoze
trees.

One resident said he told the
driver: “If y’all don’t get off
here y’all gonna get chap.”

He said residents were fum-
ing from the fire and thought
it was insensitive that with 1,000
displaced people, the govern-
ment had private contractors
bulldozing in the neighbouring
yard one day later.

¢ SEE PAGE THREE

FROM page one

ment.

BEC MIDDLE MANAGERS TO TAKE STRIKE ACTION

not have hard and fast positions but
should be flexible.”

Mr Moss said he could not say what

Ervin Dean, union president, said:
“We have resorted to strike action effec-
tive immediately.

“We have been meeting over the past
several weeks and basically accom-
plished nothing. We have asked them
repeatedly to comply with the industri-
al agreement, they have refused. They
have refused to budge.”

Mr Dean said his union is trying to
get BEC’s executive management to go
back to the original agreement.

According to Mr Dean, BEUMU's
last industrial agreement with the utility
company expired on October 1, 2007.

He said a clause in this agreement, arti-
cle 47, dictates that the old agreement
will stand until a new contract is signed.

“If you can’t get a new one in place,
roll the old one forward. They don’t
want to do that. They don’t want to hon-
our the money clause,” Mr Dean said.

“The managers are overwhelmingly
in favour of strike action.”

According to Mr Dean, the BEU-
MU will hold a “strategic” meeting with
its members this evening. Three weeks
ago, the union members voted in favour
of striking against BEC, 78 to 1.

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BEC general manager Kevin Basden
was reportedly not in office yesterday
and could not be reached up to press
time.

However, BEC executive chairman
Michael Moss told The Tribune: “I
understand that the unions have claimed
the negotiations have not progressed as
they had hoped and that they would be
initiating immediate work to rule.

“Our objective is to have them come
back to the bargaining table and get a
resolution to this matter. Negotiations
should be a give and take. People should

affect the union’s action would have on
the operations at the corporation, but
he noted that its system is built to func-
tion for a period of time unless inter-
fered with.

Mr Moss said that while the old
agreement with the union expired three
and a half years ago, managers continue
to receive annual salary increases. Mr
Moss also noted that the corporation
had proposed two, back-to-back, three-
year agreements; one agreement in
respect of 2007 to 2010, consisting of a
lump sum payment and an agreement
with respect of 2010 to 2013.

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THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 11



LOCAL NEWS



NINE MEN
ARRESTED IN
‘$852,000’
DRUG BUST

FROM page one

shortly before 3am on
Wednesday at Haven Sub }

Road, off Soldier Road.

Police received informa- :
tion that two masked men, }
both of whom were alleged- }
ly armed with handguns, }
residence }

entered a
demanding cash.

The thugs took cash, cell
phone cards and cell phones }
and fled the area on foot in }

an unknown direction.
Police are investigating.

WOMAN'S
DEATH
CLASSIFIED
AS A MURDER

FROM page one

recent deaths.

In reference to a homi-
cide at Domingo Heights
on February 26, 2011, the
victim has been identi-
fied as 28-year-old
Charles Christome.

A man found unre-
sponsive in a dark-
coloured Honda at
Homestead Street on
February 22, 2011, has
been identified as Jason
Brown, also 28.

And a man who was
electrocuted in
Eleuthera has been iden-
tified as 71-year-old
Franklyn Durham of
Hatchet Bay.

Dwayne



PRIME MINISTER Hubert Ingraham

relations.

PRIME Minister Hubert
Ingraham said Baha Mar
failed to materialise under
the former Progressive
Liberal Party government
because of the PLP’s deci-
sion to recognise Taiwan
aS an independent nation
and establish diplomatic

He said it was funding
from China that enabled
Baha Mar to materialise
and the Free National
Movement led government
recognised the need to
maintain a strong relation-
ship with the People’s

Republic of China.

Republic of China.

floor.

budget.

“We are old friends,” Mr
Ingraham said, speaking of
the FNM and the People’s

Opposition members of
parliament walked out of
the House of Assembly
last night just before the
Prime Minister took the

They protested a dispute
over the order of speakers
on the debate about the
government’s mid-term

“Brave” Davis, member
of parliament for Cat

PM claims PLP’s
Stance on Taiwan
halted Baha Mar

Island and Rum Cay, was
seeking to be acknowl-
edged by the Speaker of
the House when the argu-
ment broke out.

Speaker Alvin Smith
acknowledged Prime Min-
ister Hubert Ingraham,
North Abaco member of
parliament, who closed the
debate.

PLP members then gath-
ered their papers and
walked out of the House
with Mr Ingraham noting
that Opposition Leader
Perry Christie was the last
to leave.

Lack of Creole speaking police ‘affecting drug trafficking fight’

-

FROM page one

paniola through the Bahamas.
“However,” it added, “investiga-
tions of these organisations have been
hindered by an insufficient number of
Creole speakers within the DEU.”
These efforts were further stalled
by the January 12 earthquake in Port-
au-Prince, which limited the ability of
the Haitian National Police to expand
co-operative efforts with their
Bahamian law enforcement counter-
parts, the State Department added.
This year’s report again listed the
Bahamas as a “Major Illicit Drug
Transit country”, noting that the arch-
ipelago contains several major tran-
sit points for South American cocaine
and Jamaican marijuana bound for
the US.
It also emphasised however, that

the Bahamas is a “steady ally” in the
fight against drug trafficking and the
two countries work closely together
in this regard.

Speaking with The Tribune yester-
day, Assistant Commissioner of Police
Hulan Hanna reaffirmed the force’s
commitment to its partnership with
US law enforcement officials.

He said that if the INCSR suggests
areas where officers can improve their
skills, “including in terms of learning
the languages of the region, this police
administration is willing to doit.”

Mr Hanna said the police are aware
that Haiti poses a problem in terms of
the international drug trade, and has
done so for “quite some time”.

“Through co-operation, we contin-
ue to intercept any number of vessels
containing narcotics that might have
been bound for the Bahamas or ulti-
mately the US,” he said. “So we are

‘Pre

i’ ih
[ NY f

aware of that and we are addressing it.
We are working to shut down the
feeder systems of this trade, whatever
the destination.”

The INCSR report noted that
despite the obstacles, over the last
year Bahamian law enforcement offi-
cers were able to intercept shipments
of drugs in Haitian sloops and coastal
freighters, and have learned that drug
traffickers are now using air drops and
remote airfields to deliver large
cocaine shipments to the Turks and
Caicos and the Bahamas from
Venezuela and Colombia.

During 2010, the DEU, working
closely with US and other foreign law
enforcement agencies, seized 269 kilo-
grams (kg) of cocaine, seized or
destroyed more than 42 metric tons
of marijuana, arrested more than 1,000
persons on drug-related charges and
seized more than $821,000.

Cox’ Hanna

Nevertheless, the report said, drug
gangs continue to capitalise on the
country’s “vast geography”, by using
small commercial and private vessels
and aircraft, making detection and
apprehension difficult.

It identified the use of commercial
cargo containers for smuggling con-
traband on larger ships through gov-
ernment seaports, particularly the
Freeport Container Port, as a partic-
ular concern.

The report said the vessels used by
police and Defence Force officers for
drug interdiction — a significant num-
ber of which were donated by the US
government — are “generally well-
maintained by properly trained crews;
however the effectiveness of their
maritime interdiction and security
efforts is limited by the few resources
they have to cover the large expanse
of Bahamian territorial waters.”

Si

adly missed by your wife,
lona; sons, Jordan, Xavier, Noah;
daughter, Randiblue; mother, Dor-
othy Cox; father, John R. Hanna;
step-mother, Eunice Hanna; sis-

ters, Rochelle, Tedana, Shanrose,

Nicole

& Mazette:

a)ge)iaislecp

Andrew & Ricardo; mother & fa-

ther-in-law,

Joyce & Tommy

Pinder: brothers & sisters-in-law
and a host of other relatives &
friends including The Staff and Cli-
ents of Hanna & Co. including Ms.
Johanne Mullings. All of his Col-
leagues in the Legal Profession in-
cluding Attorney Patrick Hanna &
Your BFM Family. ;

17TH AUGUST 1963 - OSTH MARCH

a


THE TRIBUNE

busine

MARCH 4,



SS

40-11



FRIDAY,
FAMILY GUARDIAN

INSURANCE COMPANY LIMITED



Minister affirms
‘adjustments’ at

ur Lucayahotel COStS Customs

Discussed ‘economic situation
at hotel’ with Hutchison and
management earlier this week

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Both the Minister for
Labour and the head of the
Bahamas Hotel Managerial
Association confirmed yester-
day that they
met with exec-
utives from the
Our Lucaya
Golf and Beach
Resort in sepa-
rate meetings

on Tuesday,

ahead of ’
today’s antici- DION
Palce FOULKES
announcement

that around 200
workers will be terminated
from the hotel property.
Dion Foulkes said he was
told there would be “adjust-
ments” at the hotel, but
declined to go into details, as
he said it was agreed in the
meeting that resort manage-
ment and top executives from
Hutchison Whampoa, the
hotel’s owners, would meet
with staff before any public
announcements were made.

SEE page 5B

Civil Aviation's
llevelopment’

* Consultant contract
extended to restructure
department, separating

* New aviation ‘hub’ eyed
for south Bahamas

* Airport certification
initiative included in plan



VINCENT
VANDERPOOL-WALLACE

By NEIL HARTNELL
Tribune Business Editor

The Government has
extended a US consultant’s
contract in order to overhaul
the Civil Aviation Depart-
ment’s structure, separating
the regulatory and opera-
tional functions, and provide
“oversight throughout the
Bahamas” of aviation and this
nation’s airports.

Vincent Vanderpool-Wal-
lace, minister of tourism and
aviation, told Tribune Busi-
ness yesterday that the con-
tract extension with Tim Neel

tal to the development of civil
aviation in the Bahamas”,

fied in an International Civil
Aviation Organisation
(ICAO) report and bringing
this nation into compliance
with global standards and best
practices.

Tim Neel & Associates was
initially brought into work
with the Government around
a decade ago, when the then-
Nassau International Airport
was downgraded by the Fed-
eral Aviation Administration

(FAA) from its Category One

status for non-compliance
with ICAO standards.

SEE page 5B



SECTION B « business@tribunemedia.net

Shocking’ corruption

The Customs Department

? expects to prosecute two
? companies this year follow-
i ing the discovery of what
} appears to be a “shocking”
? level of corruption involv-
? ing the evasion of “millions
i of dollars” in import duty
: and Stamp Tax payments, it
i was revealed yesterday.

Comptroller of Customs,

: Glenn Gomez, said the eva-
i sion of Stamp tax and
? import duty, which may add
? up to “millions of dollars”,
i by two companies he
? declined to name, is being
? investigated currently.

While Mr Gomez recently

explained to Tribune Busi-
? ness some of the challenges



a
GLENN GOMEZ

the Department has faced
in the past in bringing tax
evading companies and indi-
viduals to justice, the Comp-
troller yesterday said he
feels confident that the
information his department
has gathered in connection
with the “two big cases” will
“carry us into the courts”.

‘millions’
: Oo Department gearing to take ‘two big cases’
before Bahamian courts for massive tax evasion

: M@ Comptroller ‘almost shocked’, and says: ‘Once

| we started to gather data, we said: ‘Wow”

By ALISON LOWE

i Business Reporter
: alowe@tribunemedia.net

“We are working two big
ones now. I don’t want to
let anything out of the bag
because it may hamper what
we are doing. But we are
looking forward to, some-
time this year, going to the
courts with a couple of peo-
ple,” he said.

“We’ve been working on
it probably a little over a
month. We’ve got some
data, but we will probably
have to do some more work,
so it maybe a couple more
months, may be less. We
want to make sure we tic
this up right.”

The Comptroller declined
to go into specifics about the
sector/s in which the com-
panies being investigated are

SEE page 4B

370 PER ANNUM TOURISM

The Bahamas’ reliance on

? tourism for its economic well-
i being is set to increase further
? over the next decade, despite
? the hotel sector’s current
? employment woes, with the
} industry’s total GDP contribu-
? tion forecast to grow by 3 per
? cent per annum and hit $4.83

regulation from operations :

billion by 2021.
Unveiling its research find-

i ings on the contribution
i tourism will make to the
? Bahamian economy in 2011 and
? over the next decade, the
¢ World Travel & Tourism Coun-
? cil (WITC) predicted that the
? sector will directly employ
$ 48,000 persons or 29.4 per cent
i of the total workforce in 2011.

And, notwithstanding the

i hotel industry’s current woes,
i as emphasised by the impend-
: ing 200 lay-offs at Our Lucaya,
i the WITC study said total
? Bahamian tourism industry
? employment was set to grow at
: arate of 2.1 per cent per year
? over the next decade, hitting
? 60,000 jobs or 30.3 per cent of
} the workforce by 2021.

The WTTC study reinforces

? the notion that while economic
i diversification is welcome and
i more than necessary, tourism
: will remain the Bahamas’

‘bread and butter’, its number

i one industry, for decades to
: come.

The industry’s direct GDP

? contribution was forecast to hit
: $1.648 billion or 21.7 per cent of
? the Bahamas’ total economic
? output in 2011, increasing by
? 3.1 per cent per annum to hit
i $2.226 billion (growth of almost
? $580 million) in 2021, account-
: ing for 22.6 per cent of GDP.

“The total contribution of

i travel and tourism to GDP,
? including its wider economic
: impacts, is forecast to rise by 3
? per cent per annum from $3.598
: billion (47.4 per cent of GDP)
& Associates was “fundamen- }
? per cent) by 2021,” the WITC
? study on the Bahamas said.

addressing weaknesses identi- }
: travel and tourism to employ-
? ment, including jobs indirectly
i supported by the industry, is
? forecast to rise by 2.2 per cent
: per annum from 91,000 jobs

in 2011 to $4.83 billion (49.1

“The total contribution of

(55.1 per cent of total employ-

: ment) to 113,000 jobs (57.2 per
? cent) by 2021.”

The WTTC study estimated

i that the Bahamas would attract

1.478 million stopover (land-

i based, higher spending) arrivals

in 2011, and this figure was set
to grow at a rate of 2.8 per cent

i per annum over the next

SEE page 5B

"Fundamental to GROWTH IN NEXT DECADE

By NEIL HARTNELL
i Tribune Business Editor

* Industry's total Bahamian
GDP contribution to grow
almost $1.3bn over next 10
years

* Set to generate over 57%
of Bahamas’ jobs by 2021
* Total stopover visitors
predicted to hit 1.478m
this year, and grow at 2.8%
per year to reach 1.941m
in 2021

FAMILY GUARD IAN

The information contained is from a thi |
party and The Tribune can not be held
responsible for errors andor omission
from the daily report. e



US: Bahamas
not meeting
UN anti-terror
finance decrees

* Obama administration tells nation to tighten
scrutiny of cross-border currency transportation
* Concern about drug smuggling through

Freeport Container Port

By NEIL HARTNELL
Tribune Business Editor

The Obama administration yesterday said the Bahamas was
not fully compliant with key United Nations (UN) resolutions
targeting the financing of terrorist organisations, particularly al
Qa’ida and the Taliban, and needed to tighten regulation of
cross-border currency movements.

The US government’s International Narcotics Control Strat-
egy Report (INCSR), released by the State Department, urged
this nation to further strengthen its anti-money laundering and
counter-terror financing defences, noting that the National
Strategy on the Prevention of Money Laundering had yet to be

fully implemented.

“The Bahamas should continue to enhance its anti-money
laundering/counter-terrorist financing regime by implementing
the National Strategy on the Prevention of Money Laundering;

SEE page 4B



BIG CONSTRUCTION START
DECLINE IN 2010 2ND HALF

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

The total value of new build-
ings on which construction got
underway during the 2010 sec-
ond half declined when com-
pared to the same period in
2009, it was revealed yesterday,
with an 85 per cent fall suffered
during the July 1-September 30
period.

Minister of Public Works,
Neko Grant, revealed this trend
in the House of Assembly yes-
terday when he spoke in the
mid-year Budget debate, say-

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ing the figures reflect “existing
economic conditions”.
According to the Minister,
construction start values dur-
ing the first quarter of the 2010-
2011 fiscal year - July to Sep-
tember 2010 - totalled $31.789
millionas compared to the pre-
vious fiscal year’s first quarter
total of $207.27 million. This
was an 85 per cent decline.
The second quarter’s con-
struction starts - October to
December - amounted to
$28.467 million, compared to

SEE page 7B

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PAGE 2B, FRIDAY, MARCH 4, 2011

THE TRIBUNE





BY SIMON COOPER
RES SOCIUS

hat great English
philosopher, poet and
dramatist, William
Shakespeare, wrote:

“There is a tide in the affairs of
men, which, taken at the flood,
leads on to fortune; omitted, all
the voyage of their life is bound
in shallows and in miseries. On
such a full sea are we now afloat,
and we must take the current when
it serves, or lose our ventures.”

No doubt the Bard was think-
ing of a fragile sailing ship wait-
ing at the entrance to a harbour
for the tide to turn and draw it out
to sea.

If it failed to take the moment at
the exact time it arrived, William
Shakespeare’s audiences knew the
wooden ship would be smashed on
rocks, and that all its crew could
die.

The Bahamas’ economy seems
similarly adrift these days, and
sometimes without a rudder that
works.

Are we as nation going to grasp
the opportunity that Baha Mar
offers to get back on the interna-



BLOOD DRIVE: Royal Bank employees donating blood at one of RBC’s many employee and community
service initiatives.

POSITION AVAILABLE

Ballamian companies must
Catch rising Bala Mar tide

tional map, or receive the criticism
that we will so richly then
deserve?

Without taking the analogy fur-
ther, businesses are relatively frag-
ile entities, too. More often than
not they go ahead in leaps and
bounds when happy fortune
strikes, only to sink back again into
the doldrums when they fail to
catch the next opportunity.

Baha Mar will undoubtedly
bring happy fortune for some
Bahamian businesses, while oth-
ers will equally undoubtedly fail
to catch the wave, and may even
lose their competitive advantage
as rivals suddenly become more
dominant. The rest will presum-
ably continue to drift along



SIMON

Bahamas-style, perhaps buoyed up
a little by improving business con-
fidence.

Which kind of business owner
are you, and how are you going to
gain or lose from the Baha Mar
project? Have you completed your
SWOT analysis and put expansion
plans in place to capitalise on what
could become your greatest busi-

ness break, or are you still head-in-
sand and waiting for the project
to g0 away?

I find it strange that, while so
many Bahamian businesspeople
take medical advice readily, so few
of them seek outside opinion on
the health of their own businesses.
As a result, they remain trapped in
their own paradigms, while won-
dering why their sales no longer
grow. Business coaching is
extremely popular in Europe and
Mainland America these days. It’s
like mentoring in a sense, except
that in this instance money changes
hands in exchange for proven ben-
efits. Most times the service pro-
vided is a reflective sounding board
that creates an environment con-

ducive to informed decisions. At
other times the assistance is more
down to earth.

What Bahamian businesses
should be doing about Baha Mar is
creatively identifying the oppor-
tunities that it presents, perhaps
in the light of professional advice
such as I mentioned. It does not
require a crystal ball to figure out
that those in charge of that great
project will buy the cheapest
resources that meet their quality
standards. If they do not procure
these in the Bahamas, they will
have to ship them in at higher cost.
Surely with our international net-
works, local experience and estab-
lished infrastructure, this is a good
tide to catch?

NB: Res Socius was founded by
Simon Cooper in 2009, and is a
business brokerage authorised by
the Bahamas Investment Author-
ity. He has extensive private and
public SME experience, and was
formerly chief executive of a pub-
licly-traded investment company.
He was awarded an MBA with dis-
tinction by Liverpool University
in 2005. Contact him on 636-8831
or write to simon.cooper@resso-
cius.com.

NC TG SR eeu Us



Royal Bank of Canada (RBC) has launched
its 2011 Employee Volunteer Programmes,
giving an estimated 79,000 staff around the
world, including staff in the Bahamas, oppor-
tunities to win grants for their charities of
choice.

The programmes have been launched in
anticipation of Volunteer Week, which is being
observed from April 10-16 in all of Royal
Bank’s global businesses. Its employees are
eligible for grants in support of their charity of
choice through the RBC Community Spirit
Awards, the Employee Volunteer Grant Pro-
gramme and the Day of Service Grant Award
Programme.

“RBC developed these programmes to sup-
port employee volunteerism as part of our
greater commitment to community involve-
ment and corporate citizenship,” said
Nathaniel Beneby, RBC’s president and coun-
try head for the Bahamas.

“These programmes accommodate our
employee lifestyles, and support employees





who are already active volunteers or seeking to
get involved in individual volunteer work, or as
part of a team.”

Employees who demonstrate outstanding
leadership and dedication to their communities
may be eligible for the Community Spirit
Awards, while the Employee Volunteer Grant
Programme rewards staff who volunteer more
than 40 hours per year in community work.
The RBC Day of Service Grant supports teams
who volunteer outside of work hours on any
day during the month of April.

The programmes are open to RBC employ-
ees around the world, including employees in
any of the 19 RBC/RBTT jurisdictions in the
Caribbean, such as the Bahamas. Awards will
be announced globally during Volunteer
Week, with awardees receiving certificates of
participation and a grant for the organisation
of their choice. Royal Bank first established
operations in the Bahamas during 1908, and
now has 24 retail branches and 45 automated
banking machines in this nation.

le * Bank of The Bahamas

EMPLOYMENT OPPORTUNITY

The Bank of The Bahamas International, the institution of first choice in the
provision of financial services, seeks to identify suitable candidates for the

position of:

Machinery & Energy Limited Caterpillar dealer in the
Bahamas are seeking a candidate to work as a
Parts Regional Manager, at our Nassau Office.

The Candidate should have the following

requirements:

* Have 7-10 years experience with the Caterpillar or
similar Product Line, have worked in a Caterpillar
dealership or a similar Organization;

¢ Have training in Ordering and Receiving Parts
Importation;

¢ Be able to Audit Parts Inventory; Cyclic Count

Procedure;

¢ Degree from an accredited University would be an

asset;

¢ Must be able to manager and motivate staff in the

Parts Department;

¢ Must have experience in process statistical control
in planning, programming and control of Caterpillar
industrial parts and Warehouse production process;

¢ Able to manage major components interchange
process; Hoses assembling process.

This candidate is required to be a professional who
thrives on the challenge of Managing Parts Inventory
and all other operational procedures within the Parts
Warehouse.

Send complete resume with education and work
experience to M & E Limited, P. O. Box N-3238,
Nassau Bahamas,

Attention: Office Administrator, or email

me@me-lItd.com.

NOTE: Only persons being interviewed for this
position will be contacted.

Treasury Risk Analyst

Core Responsibilities:

Comprehensive understanding of risks and their inter-relationships
especially as it relates to credit, interest rate and liquidity risks
Performs various analysis to facilitate the management of liquidity risk,
asset liability management and cash flow;

Be able to calculate, analyze and comment on the various liquidity and
credit ratio implications, to facilitate ongoing strategy adjustments;
Assesses and analyze impact of forex risk and preparation of
regulatory reports for foreign exchange operations;

Undertakes high level economic assessment, scenario and stress
testing to facilitate ongoing risk management and regulatory reporting;

* Assesses the Bank’s ability to respond to varying economic conditions

and scenarios by performing credit, capital adequacy, interest rate and
liquidity stress testing; and

* Assists in monitoring and analyzing the current liquidity position

through GAP analysis reporting.

Job Requirements:

Bachelors Degree in Accounting, Finance, or Business Management.
5 years supervisory/management experience.

Specific knowledge of risk management processes especially
management of liquidity risk.

Broad knowledge of treasury practices and procedures.

Good computational skills.

Strong oral and written communication skills.

Proficient in Microsoft Office.

Must be a team player.

MBA would be advantageous, but not essential.

Benefits include: Competitive salary and benefits package, commensurate
with work experience and qualifications. Interested persons should apply no
later than March 7, 2011 to:

Email: hr.apply@bankbahamas.com
or fax to: 242-323-2637


THE TRIBUNE

FRIDAY, MARCH 4, 2011, PAGE 3B



Bahamasair still needs $6m more from taxpayer

By NEIL HARTNELL
Tribune Business Editor

Bahamasair still requires $6 million more
in taxpayer subsidies than it received in the
2010-2011 Budget, it was revealed yesterday,
with net losses for the half-year to end Decem-
ber 2010 having risen by over 2 per cent to
$9.5 million.

Disclosing that losses for that six-month
period had expanded from 2009’s $9.3 mil-
lion, Neko Grant, minister of public works
and transport, said: “The Government
approved a subvention of $16 million for
Bahamasair for the 2010-2011 fiscal year,

Bid reduction’ (10% output gap’ hits road project
in food imports:

Onions eyed for exports —

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Expecting a “tremendous reduction” to have been }



MORE SUBSIDIES NEEDED: Bahamasair.

which was $6 million less than that requested
at that time. The reforecast at the half-year
point indicates no reduction in net loss, and
Bahamasair’s mid-term report indicates that a
total of $22 million is still needed.”

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

A 10 per cent “gap where
? expenditure exceeds output”
has emerged in the New Provi-
dence Road Improvement Pro-
i ject, the Government revealed
i yesterday, noting that it is hop-
? ing an increase in labour and
: “future accelerated output” will
? narrow this discrepancy.

i Providing an update ona
? number of ongoing infrastruc-
? ture projects yesterday, minister

Outlining the airline’s current financial state,
Mr Grant said passenger and charter revenue
decreasedm but staffing costs also feel due to
“attrition”.

Mr Grant added: “Other revenue increased
due to revamping of the excess baggage fee
structure and increase in commission per-
centage from car and hotel packages, and pas-
senger penalty fees for flight schedule changes.

“On-time performance for this same period
is 69 per cent as compared to 75 per cent dur-
ing the same period last year. This has been
attributed to an increase in ‘reactionary’
delays.

“Despite these challenges of decreased rev-

enue and on-time performance, Bahamasair
has sought to become more competitive and in
this regard, implemented several marketing
initiatives over the past year. Cost contain-
ment measures have been implemented with
regard to fuel where an agreement was nego-
tiated with a view to reducing fuel cost. Fur-
thermore, in-house ‘C’ checks for Dash 8 air-
craft have continued, which has reduced main-
tenance costs.”

Mr Grant added that as at December 2010,
Bahamasair had no long-term debt, the only
outstanding loan being one from Bank of the
Bahamas International with a $242,845 bal-
ance.

Improvement Project (NPRI)
has experienced “several set-
backs since its re-launch which
have contributed to a 10 per
cent gap where expenditure
exceeds output”.

“The ministry anticipates
that with an increase in labour
resources by the contractor
(Jose Cartellone Construc-
ciones Civiles C.A.) and future
acceleration of output, that the
pace of this project would be
enhanced with a view to nar-
rowing the expenditure/output
differential. The ministry is still

quarter of 2012,” said Mr
Grant. The Minister noted that
the project is continuing in the
areas of Baillou Hill Road,
Market Street, Robinson Road,
East Street, Marathon Road
and the western corridors from



Tonique Williams Darling 4
NEKO GRANT

Highway to Saunders Beach.







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achieved in the Bahamas’ food import bill in the past year :

due to increases in the farming of fruits and vegetables,

nation will become an exporter of onions in 2011.

“Based on what we have seen from the packing houses, }
the produce exchange, along the roadsides and at Potter’s }
Cay and other areas with small markets, it certainly looks to |

me that there is much more being pro-
duced,” Larry Cartwright said of gen-
eral agricultural output, during the first
day of the Agri-Business Expo on
Gladstone Road.

Statistics were not available yester-
day documenting the expected growth
in agriculture output in recent years,
but Mr Cartwright said enhanced
access to land, credit and other sup-
port from the Ministry and Depart-
ment of Agriculture, plus the Bahamas
Agricultural and Industrial Corpora-
tion (BAIC), have spurred farmers to LARRY CARTWRIGHT
grow greater amounts of fresh pro-
duce this year.

However, Mr Cartwright noted that given economic con- }
ditions, any figures showing the amount of money flowing }
out of the country to buy foreign food will have to take }
into consideration the likely reduction in spending by con- }
sumers overall. The most recent figure of almost $500 mil- }
lion spent on food imports was documented in 2009, and the ;

next statistics are set to be released this year.

Speaking of recent achievements in agriculture, Mr }
Cartwright said that having for the first time introduced }
onions to its list of agriculture outputs this year, Andros now }
has “far more” acreage being used for onion cultivation ;

than any island in the history of Bahamian agriculture.

The amount of onions being produced exceeds Bahamian
demand, and therefore creates the possibility of an export :
market, with Canada being targeted. Pineapples are also ;
being grown in quantities that could legitimise an export :
market. Whereas Eleuthera was once the only island on }
which large scale pineapple farming was underway, Mr :
Cartwright said production has been introduced in recent }

years in Long Island, Cat Island and Andros as well.

“There are different things you have to look at when }
exporting to the EU, Canada and the US. You have to }
make sure you document how much fertiliser you use and }
the regularity. This year, for the first year, we are monitor- }
ing that on a daily basis, so when we look to export we will }
have that information available, so it will be much easier get- }
ting an importing country to take our exports,” said Mr }
Cartwright, referring to evolving international standards }

regarding trade in agricultural produce.

Vegetables and fruit, which are now being grown in sig- ;
nificant quantities in The Bahamas other than onions and }
pineapples, also include persian limes, bananas, mangos :
and avocados. Cucumbers, sweet peppers, eggplants and :
tomatoes are also under cultivation, as are cabbages and cas- ;

Sava.

chases until they can pay them off.

“T think you are now seeing more farmers making use of }
that privilege, and based on the number of applications I see }
being made for duty exemptions for trucks for farming, :
farm equipment and other items, I think we are well on

our way,” said Mr Cartwright.

Nonetheless the Minister noted that given that the }
Bahamas’ labour costs remain high - higher than any other }
country in the Caribbean - and fertiliser prices are “much too }
high”, until the Bahamas can achieve higher levels of “pro- :
tected” agriculture, that is produce grown in greenhouses |
and other protective structures, the price of locally grown }
goods will continue to be generally higher than that of }
imported produce, which often comes from countries with ;

significantly lower labour costs.

“Until we don’t need that amount of labour, because we }
have more protected agriculture our prices are always going }
to be higher than the imports, but we are working feverishly :
to try to introduce more greenhouses, more modern ways of [

farming to cut down on imports,” said Mr Cartwright.

In his speech at the opening of the Agri Business Expo, }
Prime Minister Hubert Ingraham said it is “timely” that :
local produce should be on the rise, given that oil prices are
likely to cause food prices to increase “for the foreseeable :

future.”

The Agri Business Expo runs until Saturday at the Glad-
stone Road Agricultural Centre. It showcases and offers for
sale agricultural and handicraft products from throughout :
the Bahamas, as well as food processing presentations and }

produce competitions.

of public works, Neko Grant,

attempting to meet its comple-
tion deadline during the first




: said the New Providence Road
the Minister of Agriculture yesterday said he hopes this }

Share your news

The Tribune wants to hear
from people who are making
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Perhaps you are raising funds
for a good cause, campaigning
for improvements in the area



' C
vive

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aha al wkhchs oe



Mr Cartwright said incentives are being offered so that
“almost any item required for agriculture” can be imported :
into the country duty free, and at the Fish and Farm Store
where Bahamian farmers go to buy agricultural equip- }
ment, credit is available to allow farmers to finance their pur- :

or have won an award.
If so, call us on 322-1986 and
share your story.

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ST. MICHEL SPORTSWEAR LIMITED, has
been dissolved and struck from the Register
of Companies in accordance with the letter
provided by the Registrar General as of 22

November 2010.

Dated this 3 day of March, 2011.

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THE TRIBUNE



FROM page 1B

by ensuring full compliance with UNSCRs
(United Nations Security Council Resolu-
tions)1267 and 1373; and by implementing
a system to collect and analyse informa-
tion on the cross-border transportation of
currency.”

Neither Zhivargo Laing, minister of state
for finance, nor John Delaney, the attorney
general, could be contacted by Tribune
Business for comment prior to press time
yesterday.

It was unclear whether the US State
Department’s INCSR report was drawing
on dated information for its Bahamas
analysis, given that it attached as an annex
the last Caribbean Financial Action Task
Force (CFATF) mutual evaluation of this
nation, carried out in 2007, but Wash-
ingtOn’s documents usually draw upon
updated information supplied by the US
Embassy in the relevant nation, plus other
established sources.

Tribune Business’s review of that
CFATF report reveals that the Bahamas’
failure to be in full compliance with the
two UN resolutions identified in yester-
day’s report was raised as an issue back in
2007. It is unclear, though, given the lack of
government response to Tribune Business
yesterday, whether the problem has been
adequately addressed, but if not it would be
somewhat embarrassing to have these
weaknesses highlighted again almost four
years after they were first raised.

The CFATF report noted that the penal-
ties for breaching both these UN resolu-
tions were of a “low level”, namely a
$10,000 fine and/or a one-year prison terms,
and recommended tightening these sanc-
tions because they were “not in keeping”
with the requirements of either Security
Council demand.

The Bahamas, the CFATF added, had
used the International Obligations (Eco-
nomic and Ancillary measures)
(Afghanistan) Order of September 2001
to implement UN resolution 1267, but this
“does not implement UN resolution 1373 in
so far as the powers of the authorities to
take action under that statute are not
directly referable to terrorism nor the
financing of terrorism”.

In conclusion, the CFATF found: “The

US: Bahamas not meeting
UN anti-terror finance decrees

Anti-Terrorism Act (ATA) does not fully
implement UN resolution 1267 in so far as
the Bahamian authorities may not desig-
nate an entity as a terrorist entity, or freeze
its assets, solely upon the designation being
issued by the relevant UN Security Council
Committee. The ATA should be amended
to effect full compliance.

“The ATA does not fully implement UN
resolution 1373, as the Bahamian authori-
ties may not in all cases effect the freezing
of terrorist funds without delay as required
by UN resolution 1373, because of the sep-
arate procedural requirements of the ATA
in respect to listing and freezing applica-
tions.”

Reciprocity

The Bahamas’ demand for reciprocity,
the CFATF said, did not meet the UN res-
olution’s requirement, and it added: “The
ATA does not fully implement the require-
ments of UN resolutions, particularly as
they relate to the freezing of the funds or
assets of terrorists.”

The CFATF report also picked up on
another area identified yesterday by the
Obama administration, namely the absence
of a system to collect and analyse the cross-
border transportation of currency.

“There is no requirement to declare or
disclose the cross-border transportation of
cash or negotiable instruments. Therefore,
no statistics or information is obtained in
this area,” the CFATF said. “Consequent-
ly, no information, based on declarations, is
available for forwarding and analysis by
the Financial Intelligence Unit....... The
lack of a declaration or disclosure system
prevents an analysis of cross-border move-
ments to determine or detect any particular
trends in this area.”

Detection methods used by the Bahami-
an authorities appeared to be outdated,
the CFATF report said, adding that the
legal framework dealing with the cross-
border transportation of cash needed to
be updated.

Meanwhile, yesterday’s INCSR report
identified the transhipment of cocaine in
shipping containers, via the Freeport Con-
tainer Port, as a major concern to US and
Bahamian authorities.

“The majority of cocaine seized in recent
years has been concealed in containerized
cargo transiting the Freeport Container

Corruption costs
Customs ‘millions’

Port on the island of Grand Bahama. The }

DEA [Drug Enforcement Administration]

FROM page 1B

believes Colombian traffickers are utilizing }

containerized cargo as a means to thwart }
the efforts of law enforcement officials in }
the Bahamas. Approximately three metric }
tons of cocaine have been seized at the :
Freeport Container Port since 2007,” the }

US State Department report read.

“Freeport Harbour has the closest off- }

shore port to the United States and the
entire country is relatively accessible by
medium sized boats. This makes smuggling

and bulk cash money laundering relatively :

easy.”

The Obama administration repeated pre- }
vious US proddings for the Bahamas to }
“provide adequate resources to its law }
enforcement, judicial, and prosecutorial }
bodies in order to enforce existing legisla- }
tion and safeguard the financial system }
from possible abuses”. It also demanded }

that this nation maintain a list of beneficial
owners of all licensed entities domiciled in
the Bahamas. Stating that the proceeds of

drug trafficking were moved through }
Bahamian banks and companies, the INC-
SR report said: “Money laundering trends }
include the purchase of real estate, large
vehicles and jewellery, as well as the pro- }
cessing of money through a complex web of }
legitimate businesses and international busi- }
ness companies registered in the offshore }

financial sector.

“Drug traffickers and other criminal }

organisations take advantage of the large
number of international business companies

and offshore banks registered in the }
Bahamas to launder significant sums of }
money despite strict Know Your Customer }
(KYC) and transaction reporting require- }

ments.”

And the report added: “Additional gaps }
in the country’s legislation include a failure }
to criminalise participation in an organised }
criminal group, and to tighten the currency }
transaction reporting system to track peo- :

ple arriving and leaving to all destinations.”

? involved.

However, he did say he was “almost shocked” by what he
: had seen so far coming out of the investigation.

“We are looking at hundreds of thousands, maybe even
? into the millions (that has not been paid to Customs). It’s a
: lot, and I am almost shocked at what’s been going on. I
: heard about it first probably a couple of months ago, but we
: had to gather data and once we started to gather it we said:
: ‘Wow’.”

It is unclear whether this is one of the entities referred to,
: but Tribune Business understands that one well-known
? business has recently lost its Customs bond and is being
? required to pay the Department upfront via banker’s drafts
: before its imports are cleared.

This newspaper has been told the firm involved is under
? investigation by Customs for the practice of transfer pricing
or ‘phony invoicing’, where it either sets up a dummy com-
i pany and reinvoices itself for all imported supplies, or uses
: undervalued invoices supplied by a foreign supplier. Either
: way, due duties and taxes are evaded.

Mr Gomez told Tribune Business in December that under
? the current legislative regime, "98 per cent" of cases in
: which businesses are believed to have sought to evade pay-
: ing funds owed to the Customs Department are dealt with
: "in house" to avoid the time and expense involved in going
? to court, and the level of investigation required. Businesses
: are asked to pay up to a maximum $5,000 fine and are able
: to "walk out without anyone knowing".

: However, the Customs Chief expressed his disappoint-
? ment with this system, which gives companies the benefit of
? never seeing their transgression brought into the public
? arena. He said that under a new Customs Management Act
: it is intended that firms which are found liable for customs
? evasion will be “named and shamed”.

INSIGHT

For the stories behind the news,
read Insight on Mondays







EXXONMOBIL EXPLORATION AND PRODUCTION

ESSO NIGERIA HOLDING ONE
(DEEPWATER EAST) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. aay
Liquidator o

ESSO NIGERIA HOLDING ONE

(DEEPWATER EAST) LIMITED

EXXONMOBIL EXPLORATION AND
PRODUCTION (CAMEROON) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
EXXONMOBIL EXPLORATION AND PRODUCTION
(CAMEROON) LIMITED

ESSO NIGERIA HOLDING TWO
(INVESTMENTS) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
ESSO NIGERIA HOLDING TWO
(INVESTMENTS) LIMITED

ESSO NIGERIA HOLDING TWO
(DEEPWATER EAST) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 17th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
ESSO NIGERIA HOLDING TWO
(DEEPWATER EAST) LIMITED

ESSO EXPLORATION AND PRODUCTION
CONGO (DEEPWATER) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
ESSO EXPLORATION AND PRODUCTION CONGO
(DEEPWATER) LIMITED

EXXONMOBIL EXPLORATION AND
PRODUCTION RUSSIA

(NORTHEAST ARCTIC) LIMITED
NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2" day of March, A.D., 2011.

Carol G. Gray

Liquidator of
EXXONMOBIL EXPLORATION AND PRODUCTION
RUSSIA (NORTHEAST ARCTIC) LIMITED

(EQUATORIAL GUINEA) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th day
of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
EXXONMOBIL EXPLORATION AND PRODUCTION
(EQUATORIAL GUINEA) LIMITED

ESSO NIGERIA HOLDING ONE
(INVESTMENTS) LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 18th
day of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
ESSO NIGERIA HOLDING ONE
(INVESTMENTS) LIMITED

EXXONMOBIL EXPLORATION AND
PRODUCTION UGANDA LIMITED

NOTICE

Pursuant to the provisions of Section 137 (8) of
the International Business Companies Act 2000,
notice is hereby given that the above-named
Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution
issued by The Registrar General on the 10th day
of January, A.D., 2011.

Dated the 2nd day of March, A.D., 2011.

Carol G. Gray
Liquidator of
EXXONMOBIL EXPLORATION AND PRODUCTION
UGANDA LIMITED






PAGE 1

N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER V olume: 107 No.86FRIDAY, MARCH 4, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER SUNNY AND WINDY HIGH 78F LOW 69F B U S I N E S S SEESECTIONB S P O R T S Shocking c orruption costs Customs millions SEESECTIONE Scotiabank sponsors the BAAA high school track championships By PACO NUNEZ Tribune News Editor MINISTER of National Security Tommy Turnquest revealed that according to police, several violent criminals were among the crowd that protested outside Parliament last week. Speaking in the House of Assembly yesterday, Mr Turn quest said individuals known to police in connection with crimes as serious as murder, rape, armed robbery, assault with a deadly weapon and shop-breaking were clearly identifiable in the antiBTC sale demonstration in Rawson Square last Wednesday. Speaking to The Tri bune outside the House, Mr Turnquest said the majority of these persons are out on bail, but some of them are convicted criminals. We have the pic tures, we know who they are, he said. Mr Turnquest said he raised the issue after opposition PLP mem bers suggested that Prime Minister Hubert Ingraham ran out the back door, attempting to avoid the crowd after last weeks session of parliament. M cCOMBO O F THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM THE incorrect Super Value advert ran in yesterdays Busi ness section on pages eight and nine. The corrected version of the advert is in todays Tribune on pages eight and nine in the main section. The Tribune apologises for any inconvenience caused. APOLOGY iolent criminals in BTC protest crowd BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E SEE page 10 By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net RESIDENTS of Sou Woch, the Haitian village destroyed by fire this week, are angry at what they believe to be a deliberate attempt to smoke Haitians out of the country. You cant find two people who feel it was an accident, said a Bahami an volunteer who was assisting victims of the fire. Some of the young men are really upset. They feel this is their plan to get rid of the yard, he said. There were unconfirmed reports of smaller fires in two other Haitian villages yesterday. One MP DENIES FIRE W AS STARTED DELIBERATELY BY GOVT FIREAFTERMATH: Brensil Rolle, Garden Hills Member of Parliament and Parliamentary Secretary in the Ministry of Housing, stands yesterday at the scene of Wednesdays blaze. SEE page 10 By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net MIDDLE managers at the Bahamas Electricity Corpo ration have decided on strike action effective immediately. The Bahamas Electrical Utility Managerial Union (BEUMU sents around 100 members, is at odds with the Corporation over an industrial agree BEC MIDDLE MANAGERS TO TAKE IMMEDIATE STRIKE ACTION S EE page 10 A WOMAN was pronounced dead at an apartment in Dundas Town, Aba co, with injuries to the back of her head on Monday afternoon. Police have classified her death as a murder. A team of officers from the Central Detective Unit is on the island to assist with the investigation. At the time of her death, the victim was wearing an orange shirt and short black pants. Police believe she got into an argument with a family member before her death. Meanwhile, the police have identified a number of victims in connection with other WOMANS DEATH CLASSIFIED AS A MURDER NINE Bahamian men were arrested in a drug bust in waters off Inagua on Wednesday evening by a joint team of police and defence force officers, the US Drug Enforcement Agency (DEA The men were on board two vessels on which 852lbs of sus pected marijuana were found. The drugs have a street value of $852,000. The suspects were all flown to Nassau as police investigations continue. Police are also investigating an armed robbery that occurred NINE MEN ARRESTED IN $852,000 DRUG BUST SEE page 11 SEE page 11 By PACO NUNEZ Tribune News Editor EFFORTS to combat Haitian-Bahamian drug trafficking cartels are suffering because the Royal Bahamas Police Force does not have sufficient Creole speakers, the US government has con cluded. In its 2011 International Narcotics Control Strategy Report (INCSR State Department said Hait ian and Haitian-Bahamian drug gangs continue to play a major role in the movement of cocaine from HisL ACK OF CREOLE SPEAKING POLICE AFFECTING DRUG TRAFFICKING FIGHT SEE page 11 Individuals known to police were clearly identifiable says Tommy Turnquest MINISTER OF NATIONALSECURITY Tommy Turnquest PM CLAIMS PLP STANCE ON TAIWAN HALTED BAHA MAR PRIME Minister Hubert Ingraham said Baha Mar failed to materialise under the former Progressive Liberal Party government because of the PLPs decision to recognise Taiwan as an inde pendent nation and establish diplomatic relations. SEESTORYON PAGE11 T i m C l a r k e / T r i b u n e s t a f f

PAGE 2

LOCAL NEWS PAGE 2, FRIDAY, MARCH 4, 2011 THE TRIBUNE By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net T HE government broke ground on its l atest partnership agreement with the Chinese government at the launch ceremony oft he John F Kennedy Gateway Project. N eko Grant, Minister of Public Works a nd Transport, said the new highway will s pan JFK Drive from the new US terminal building access road at the Lynden Pindling International Airport to Bethel Avenue. He said work is expected to be completed by October 30, 2012. It is expected that this project will cre ate opportunities for Bahamian sub-contractors in the areas of earth works and road surfacing works and will employ at least 130 Bahamians. It is also expected that the beautification of the highway will provide motorists with a sense of place through the design of landscaping and sculptures, and that these aspects of the project will also include B ahamian participation, said Mr Grant. These works along JFK Drive will not only facilitate the creation of more a posi-t ive visual impact along the entrance road system to the countrys main airport thatw elcomes millions of tourists every year, but will enhance traffic management as it relates to road safety, he said. T he China State Construction Engi neering Corporation (CSCECU S subsidiary secured the $67 million con tract to build the new roadway. The project will entail construction of a dual carriageway along JFK Drive, with a new westbound carriageway to the south of the existing road and a redevelopment east bound carriageway. There will be nine new roundabouts with several underground road installations for w ater, electrical and telecommunications works. Ning Yuan, chairman and president of t he China Construction America said C SCEC is one of the largest construction companies in the world with global experience. He said the company would bring allo f its expertise and management systems to bear on the project to ensure it was com pleted within the projected timeframe. Vincent Vanderpool-Wallace, Minister o f Tourism and Aviation said the gateway project fit into the overall context of national infrastructure development that would benefit the tourism industry. Ambassador Hu Dingxian of the People's Republic of China said the highway project was the most important corridor, as it is the first gateway of the Bahamas. W ith tourism being a major pillar in the Bahamian economy, Ambassador Dingxian said the improved gateway was important for competitiveness. When you havei mproved infrastructure you have improved opportunity, he said. Highway project under way Ambassador Hu Dingxian of the Peoples Republic of China expressed his sincere thanks to the Bahamian people for their hospitality, kindness and friendship, which enabledhim to have a successful term as Ambassador over the past three years. Ambassador Dingxian said his term in the Bahamas made a big i mpression on him pers onally, and he plans to r eturn as a visitor. B ahamian government o fficials said there were three years of historic achievements in bilateral r elations under the ambass adorship of Mr Dingxian. Appointed A mbassador Hu was appointed on April 2, 2008. The Bahamas appointed its first resident Ambassador t o the People's Republic of China on July 14, 2008. S everal agreements deali ng with agricultural, eco nomic and technical cooperation have been signed, as was a visa abolition arrangement for holders of diplomatic, official and service passports. A n Investment Promot ion and Protection Agreement (IPPA Information Exchange Agreement (TIEA also concluded. By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net VOICES were raised in Parliament yesterday when MP for MICAL AlfredG ray said he was told by Prime Minister Hubert Ingraham that the wholet reasury would be u sed to expel the MP fromP arliament. Mr Gray t old the House of Assemblyt hat Mr Ingraham t old him in 2002 that the government would spend all the money in the trea-s ury to get him out of government. Untrue N ational Security Minister Tommy Turnquest, MP for Mount Moriah, immed iately took a stand for the Prime Minister and the government saying MrG rays statement was completely untrue and d emanded that he with draw it. Speaker Alvin Smith s aid anyone can make accusations and he said, she saids and that the statement should be expunged from the record. M r Gray responded that he would not withdraw the statement because it was said. At least 130 Bahamians expected to be employed DIGGINGIN: Officials break ground on the John F Kennedy Gateway Project. Ambassador Hu thanks Bahamians parliament REPORT INSIGHT For the stories behind t he news, read I nsight on Mondays FIREWORKS IN HOUSE OVER ALFRED GRAY STATEMENT J O HN F K E NNEDY G A TEWAY P R OJECT T i m C l a r k e / T r i b u n e s t a f f AGRIBUSINESS EXPO OPENS GREEN-MINDED: The third annual National Agribusiness Expo hosted by the Ministry of Agriculture and Marine Resources opened yesterday at Gladstone Road Agricultural Centre. A wide vari ety of fruits, vegetables, meats, marine products, pastries, preserves, ornamentals, and handicrafts are featured and offered for sale. Fifty-one agricultural science students will compete in root crop, fruits and vegetables categories. There also will be cooking demonstrations and culinary competitions utilising native ingredients. The expo will close on Saturday at 2.15pm with an awards ceremony. PHOTOS: Tim Clarke /Tribune staff ALFRED GRAY

PAGE 3

By PAUL G TURNQUEST Tribune Staff Reporter pturnquest@tribunemedia.net AFTER the Fire Trail Road which left hundreds of Haitians homeless, the National Development Party (NDPt he Government to repatriate those without legal status assoon as possible. Speaking to The Tribune yesterday just one day following the massive blaze that con sumed the Haitian shanty town, NDP leader Renward Wells said that he knows this position m ay be considered harsh by some, but he feels it ought to be the de facto position of any government of the Bahamas. You cant have people in your country who are illegal, who are breaking laws, who were breaking laws by being in the communities that they were in. I know people think that is a harsh reality, but when you live in a society like the Bahamas where you have so many rules and regulations that just go unenforced, and we talk about our high level of crime and yet we still see all of these issues that take place, especially in the immigration arena where we do absolutely nothing. This is a clear case where the agree ment we have with Haiti to repatriate persons, we ought to be doing that, he said. Minister of State for Social Services Loretta Butler-Turn er said that the Department of Social Services through the National Emergency Management Agency (NEMA issue emergency food assistance to these Haitian nationals, but that is the limit of what they can do. She said: Unless they are Bahamian nationals we cannot extend all services that we do for Bahamians. Seconding the sentiments of Mrs Butler-Turner, Mr Wells said that if the NDP were in government, they likewise would consider whether persons have food and a place to stay. But the fact of the matter is the NDPs position has always been that we believe in having a national database of everybody who is in this coun try. We would have finger printed these persons, taken pictures of them, and like I said, they would be on the next flight out of the Bahamas. They are here illegally. Thats where it ends and thats where it begins. I think we need to start with the realities on theg round. They are here illegally. And so you begin there and you work yourself toward the solution and the solution is that if people are here illegally they need to be sent home, he said. Hitting out at both Prime Minister Hubert Ingraham and PLP leader Perry Christie, Mr W ells said that both the FNM and the PLP have been too soft on the issue of illegal immigration. Mr Wells said that it boils down to one of two things: Either the leaders are incompetent or they are facilitating the situation by allowing it to take place. Those are the only two arguments you can give. They are either absolutely incompetent on the issue or facilitators. If you are not incompetent, and you are notf acilitators, then you would be doing your jobs. We know where these shanty towns are. This is nothing new. We have seen them. The Tribune was the paper that pointed out that there are 38 shanty towns in Nassau, to the dismay of many Bahamians. B ahamians thought it was only two or three. But to find you have 38, and thats just Nassau; we are not talking about Abaco, were not talking about Eleuthera, were not talking about the growing shanty town in Exuma, were not talking about Grand Bahama. And these things ought to be addressed. And it seems as if our leaders themselves are encouraging this by not enforcing the laws of this country. We use these peo p le for all matters of malfeasance, labour, and I shant say what other things. But the fact of the matter is this situation must be addressed and it must be addressed forthwith. The Bahamian people are calling for it to be addressed, he said. L OCAL NEWS T HE TRIBUNE FRIDAY, MARCH 4, 2011, PAGE 3 B y LAMECH JOHNSON F OLLOWING the huge fire that destroyed the Fire Trail Road shanty town the second clapboard community razed to the ground in three months aid agencies are doing what they can to assist the now homeless victims. C aroline Turnquest, director general of the B ahamas Red Cross Society, said the organisation is providing basic necessities. "We're a part of NEMA (the National Emergency Management Agency) and so right now we're assisting with bedding, sheets, water, food and other basic supplies that can be of help to the v ictims, she said. N EMA is headed by Stephen Russell, who was at the site of the fire and is continuing to co-ordinate help to the displaced community. Mrs Turnquest said the Red Cross, NEMA a nd the Ministry of Social Services will come t ogether after a full assessment of the situation has been conducted, to make a decision on how to proceed. M eanwhile, she said, the society is willingly accepting donations and help from members of the public. She said financial assistance can be dropped off at their headquarters on John F Kennedy Drive. Volunteers can register there as well. K im Sawyer, Assistant Director of Social Services, said her department is still not in a position to give an accurate estimate of how many people were displaced by the fire. At the moment, we have seen 125 persons, but we are going back to do more assessments, she said. M s Sawyer said the department has to wait u ntil the figures are confirmed before its aid mechanisms can kick into gear. Meanwhile, she said, "We are working with non-government agencies to assist with the identification of the victims and providing basic essentials along with hygiene kits. The Social Services official urged members of the public to also assist in whatever way they can. Some of the victims lost everything. Whatever the public can assist with, be it household items, food, water whatever they can provide will be much appreciated, she said. Anyone interested in helping the displaced pers ons can contact the Bahamas Red Cross on 3237370. NDP sa ys r epatriate fire victims without legal status A FTERMATH: T he scene at the Haitian Village yesterday following Wednesdays blaze. Aid agencies come to the assistance of fire victims T im Clarke / Tribune staff

PAGE 4

E DITOR, The Tribune. In Thursday 24th of Febr uary 2011 edition of The Tribune on page 10, appears a n article under the heading We the people to create a Police Athletic League to keep youths off the streets. I wish not only to salute Mr Fields and his organisation, but to take my hat off to t hem for coming forward w ith such an excellent project at this crucial point in t ime of escalating criminality in our society. Kudos also go out to Commissioner Greenslade for so readily a ccepting and embracing the opportunity to partner with s o excellent a project which can only spell success if managed properly. In 1952, as a young cons table, I started a similar project in the Catholic s chools in New Providence c alled the Catholic Youth O rganisation (CYO this organisation many ende d up in the police force and served this country well. T here were no Service C lubs in the nation at that t ime and I had to rely on the cooperation of the teachersa nd parents. There are a n umber of Service Clubs in our society at this time, many of which are makingt heir presence felt in our communities. It will bode well with the COP if he canp ersuade a number of Senior Officers of and above the ranks of Inspectors, to join a service Club of their choice. Such an exercise will increase public relationsb etween the entities and cre ate ready partners in any community initiatives p lanned by the Force. In the mid and late 1960s such partnerships between the F orce the Kiwanis Club of Nassau and the Rotary Club o f which I and Mr Albert M iller were respective members, worked wonders for joint sponsored initiatives b y those clubs and the force. We will do well to remember that there is nothing new u nder the sun and that what goes around will come around. This initiative, ifw ell organised, well supervised and well managed can d o wonders in rescuing hundreds of uncontrolled and u nsupervised youths roaming our streets between 3 a nd 8pm daily. I humbly and s incerely make the following suggestions for consideration by the committee responsible for the implementation of the prog ramme. That all divisions of the force excepting central division create a youth club for y ouths in their area, males and females. Programmes to include all aspects of sports, includ ing boxing and swimming. That all service clubs in New Providence be invited to be a part of this most i mportant drive. That basketball, volley ball and tennis courts be built at police facilities where they do not now exist. That Coaches from all existing sports organisations be lobbied for voluntary service. That sponsors from cor p orate citizens be sought by e ach area division to supp ort the initiatives. That all news media be invited to be a part of the p rogramme, That where necessary, government be petitioned to help. (Ministry of Sports That a National comm ittee of members from We the People, the police, t he media and all sport organisations be appointed for the drafting, implementation and supervision of p rogrammes Physical training and f oot ceremonial drills by police instructors for parades with regular friendly competition between divisions. This programme is a s ound one that can genera te positive results save for o ne aspect, and that is a demand for pay in order to be a part of the programme. Because of the constant ripo ffs by many supposedly charitable programmes in t his nation, including the One Bahamas programme, over the years, parents are sceptical when they hear of paying or making donations. This programme must be strictly charitable and voluntary. I will agree that it will take money to deal with such a venture; but the pittance that families coulda fford in these hard finan c ial times could and would n ot make a dent into the a mount required. This is why I am suggesting that corporate Bahamas, the ser vice clubs and the govern ment, sports ministry, be invited to be a part of this initiative. This is definitelya step in the right direction; l et us not abort it in its embryonic stage. ERRINGTON W I WATKINS Nassau, February 24, 2011. E DITORIAL/LETTERS TO THE EDITOR P AGE 4, FRIDAY, MARCH 4, 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 TELEPHONES Switchboard (News, Circulation and Advertising A dvertising Manager (242 Circulation Department (242 W EBSITE www.tribune242.com updated daily at 2pm PRIME MINISTER Ingraham in opening the third agri-business expo at BAICs Glad stone Road Agriculture Complex yesterday stressed the importance of Bahamians becoming more self sufficient in their food production. Earlier this year he noted that oil prices were rising with direct implications for the production, supply and cost of food internationally. Continued turmoil in North Africa and the Middle East suggests that these concerns may not abate for some time with the related effect of rising food prices for the foreseeable future. Increased attention continues to be paid to the impact on marine resources of rising global temperatures and sea levels. The specific impact on our marine resources remains unknown though there are estimates that are alarming, he said. On the export side, the marketing of agri cultural and fisheries products has become more complex. In addition to meeting con sumer expectations with respect to quality and presentation, ethical and environmental issues are also critical in determining whethera product will find favour in the marketplace. A well-formulated and articulated plan with specific and quantifiable targets is there fore a necessary step in addressing the chal lenges and realizing the opportunities in the global environment, he told his audience. With the Bahamas importing at least 80 per cent of its food from overseas at an annu al cost of more than $250 million it is important that Bahamians learn to feed themselves if only with a backyard garden. Students play an important part in this years agricultural programme, some man ning booths showing off their produce, others providing the entertainment. The islands of Eleuthera, Andros, Cat Island and Long Island are well represented at the expo. Mr Rai Budhu, who is in charge of gov ernments agricultural programme for schools, is there with his students and their produce from Andros. At todays event Mr Budhu will give a talk on governments agriculture programme for schools. Berlicia Saunders of Sunland Baptist Academy in Freeport opened yesterdays programme with the singing of the National Anthem, followed by selections by the RM Bailey Senior High School choir, a skit on agriculture by students of Old Bight High School, Cat Island, and a steel pan band from Uriah McPhee Primary school. All of the participants were under 14 years of age hopefully they will be the food producers of the future. Today there will be a culinary competition, touring of booths, the professional bartenders tropical drink competition, instructions in tree pruning, a demonstration in composting, and a high school chefs culinary compe tition. Mr Alphono Smith, a BAIC officer, will give a talk on BAICs plans to ensure agricultural sustainability in the Bahamas. And, of course, there will be plenty of music to provide a festive atmosphere. There is much to see and purchase from the various booths from fruit and vegetables, to jams, jellies, condiments, baked goods, all made from home grown produce. There is also straw work, and, of course, the livestock section with the poultry, pigs and goats. Children will be delighted with the huge sow and her seven suckling piglets. They also will be fascinated to see and compare the Bahamian sized native goat with her huge, oversized offspring, the result of governments recent in vitro fertilization programme to improve the local stock. Saturday the Governor Generals Day will be a day for buyers when visitors can tour the booths to make their purchases. During the morning student apprentices will participate in a bread baking competition and at noon Mr Basil Miller of BAIC will give a talk on planned propagation. At 2pm there will be a male master grill competition with the HM Prisons pop band playing for the crowd. The awards ceremony will be held at 2.30pm, followed by a performance by the National Youth Choir, and the National Dance School. There will be music all day until the close of the programme Saturday evening. At yesterdays opening, Mr Ingraham commended the Ministry's Backyard Gar dening Programme which encouraged New Providence households to produce some of their own food. This, he said, is a timely project, given projected rising food costs, but also important as we seek to promote and support healthier eating and lifestyles among our citizens as well as the production of organic crops. Moreover, the Backyard Gardening Programme is a part of a mini-revolution in agriculture in terms of our attitudes about farm ing as well as helping an increasingly urban Bahamas to reconnect to the land. Mr Ingraham said that Agriculture Minister Larry Cartwright, himself a farmer from Long Island, knows intimately the great benefits of small scale gardening and farming. Mr Ingraham applauded Mr Cartwright for his outstanding leadership, this time in relation to a programme that has issued more than 4,000 kits to Bahamians to garden in their own backyard. We recommend the Agri-Business expo as a worthwhile family outing for this weekend. A positive step in right direction LETTERS l etters@tribunemedia.net Weekend Agriculture Expo well worth visit EDITOR, The Tribune. The grand public viewing of NADS New Airport Terminal was on Saturday. The response by the public was very good, so good that when I went to park in the long term parking lot, it was full, and I was directed by a member of the Royal Bahamas Police to park in the short term lot. I was not attending the opening, but I was actually travelling. When I got back home a day later, I was charged $60 for parking for one day. Well I was very annoyed at this, since NAD could not accommodate me in the long term parking, and then had the nerve to charge me for their absurd short parking rates. I immediately asked to speak to the super visor of the parking lot, and he turned up a few minutes later. However to no avail, what I was saying fell on deaf ears, I repeatedly told him that the long term lot was full, etc...and he insisted that I pay the full $60. I did with regret and I also informed him that the public must know and will know, and be aware of these unscrupulous business practices. I am a Bahamian, I do hope that this report will reach the editors column. We can sit quietly when we are being ripped off. Its not about the small amount of money, but the principle of the matter. If one cannot accommodate the cars for parking in long term, why should the public pay the absurd short term parking fees? Lets stop this! Its not right. THEO Nassau, February 28, 2011. Public must know about these unscrupulous business practices EDITOR, The Tribune. I read with great interest and compassion the letter from Mr Jerome Thompson to the Edi tor on February 25th. I would like to make it very clear that, we, at the Bahamas Humane Society are in total support of passing the proposed Disability Rights Legislation to give equal rights and opportu nities to all Bahamians with or without disabilities, and to assist those with special needs. Many countries around the world have various programmes where dogs are trained to be companion animals that help people with var ious disabilities. The Potcake is a highly intelligent dog and could quite possibly lend itself to this kind of training. Many people think that the Potcake is inferior because they see so many scruffy examples on the streets of our towns. They are only scruffy because we have not learnt the value of these animals that are the prod ucts of crossbreeding of many extremely expensive and high ly pedigreed dogs brought into our country over the years. We, at the Bahamas Humane Society, would welcome any form of interaction between disabled citizens and our dogs. The bond and trust that can be built up between dog and his owner can help alleviate stress and help to build up self-confidence and selfesteem. These animals could be trained to help people do things that they are unable to do on their own. Dogs are used all over the world to help the blind see, the deaf hear, the epileptic know when a seizure is oncoming, the anxious when an anxiety attack is nearing, they are being used to detect cancer, and other ailments their sensitive noses can sniff out bombs, drugs, food, they are even used to detect bedbugs in hotels! Here we do not even explore these possibilities! It would make us very proud at the Bahamas Humane Society to be able to help provide assistance to people with a disabilityIf there is ever anything that we can do to help the cause and assist people we would be more than happy to play an active part in helping people have happier and easier lives. Mr. Saunders, I dont know if the Government cares more about animals than people with disabilities, its not my place to say, but I would like you to know that we, at the Bahamas Humane Society, are 100 per cent behind you. KIM ARANHA President, Bahamas Humane Society, March, 2011. Bahamas Humane Society backs passing proposed Disability Rights Legislation

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By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net ADDRESSING the House of Assembly yesterday morn in g, Min ist er of F in an ce a nd MP for Marco City Zhivargo Laing announced that the Eg ov er n m en t pr o gr a m m e w o ul d be launched by mid-summer. H e sai d: "By t he end of July of this year it will be possible t o e x e c u t e t h is p r o g r a m m e that will put the Bahamas in a pos it i on to adv ance f or war d i n a w a y s t h a t h a v e y e t t o b e seen". According to Mr Lai n g, $1 0 m i l l i o n w i l l b e s p e n t i n a n e f fo rt t o a d v a n c e E g o v e r n ment in the Bahamas allow in g a m o n g o th e r t h in g s f o r persons to apply for business l i c i e nc e s pa y r ea l p ro pe r t y t ax es, pay f ixed penalty fines and renew drivers liciences online from anywhere in the world. M r L a i n g s a i d c o n t r a c t s w o r t h a l m o s t $ 6 5 0 ,0 0 0 h a v e been signed with a Singapore consultancy group, which will b e s p e a r h e a d in g t h e E g o v ernment initiative, and agree m en ts wo r th m or e th a n $ 4. 6 million have been signed with I BM f o r th e h ar d wa r e s o ft ware and ongoing services for the programme. Addressing the "inefficien cy o f the go ve rnme nt's cu rr en t w eb s i t e Mr L a i ng s ai d t he g o v e r n m e n t h a s m a d e a n i nves t me nt t o r ef orm and r evi talise the platform. He said that "while beauti f ul ", the gove rnm ent s "v ir t ual fa ce to th e wo rld is no t u se r f r i e nd l y a nd do es n ot w o r k i n a way that an effective govern ment would want a website to work". Mr La ing s ai d a Can a d ian Co mpa ny h as b ee n co ntra cte d f o r $ 5 0 0 ,0 0 0 to c o mp le te t h e r e v i t a l i s a t i o n o f t he w e bs i t e s o th a t b o t h Ba h am ia n s an d f o r e ig n e r s wi ll f in d it u se f u l and informative. He also announced that the g o v e r n m e n t p l a n s t o s p e n d $800,000 on a "business intel l i g en ce s ol u t i on t ha t w i l l c om pi l e a l l gov er nm en t doc um ent s i n t o a c e n t r a l v i r t u a l d a t a warehouse". W h i l e n o t e v e r y o n e w i l l have access to the system, Mr L ai ng s ai d, i t wi l l i ncr eas e g overnment efficiency and make life easier for Bahamians. By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net T H E Wa ter a nd S ewe rag e Cor p or ati on yest erday deni ed t hat t her e w a s a ny i m pro pri e ty in its a ward ing an e xp an sion co n tra ct to th e Con so lida ted Water C ompany. Th e W S C h i t ti n g b a c k a t t h e P L P w h i c h e a r l i e r t h i s w e e k r a i s e d c o n c e r n s a b o u t th e rela tion sh ip be twee n th e g ov er nm en t co rp or atio n a nd t h e w a t e r c o m p a n y a l s o d e n i e d t h a t C o n s o l i d a t e d W a t e r n o w h a s a m o n o p o l y o v e r w a t e r d e l i v e r y i n N e w Providence. T he P L P ha d e xp r es s ed co ncern that a contract to expand WSC s B l ue Hi l l s f ac il i t ie s w as award ed to the C o nsolidated W ate r Co mpa ny witho u t th e c o r r e c t p u b l i c t e n d e r i n g process. T h e p a r t y a l s o d e s c r i b e d WS C' s decision to e nter in t o a new c ontract w ith C o nso l idat e d Wat er as a "hi gh ly ques tionable" development. Resp on ding to the o pp osit i o n p a r t y W S C c h a i r m a n Anton Saunders said that the co rpora ti o n's e xecu ti v e ma na g e m e n t a n d t h e b o a r d o f d i r e c t o r s a r e s a t i s f i e d t h a t t h e re wa s n o i mp r o p r ie t y in the bidding process, and that t he de ci s i on s a nd ac t i on s t a ke n w e re tr a n s p a r e n t a n d in th e best interest of the Bahamian people." He explained that competi ti ve b i dd i ng n orm ally t ak es 1 8 to 24 months, "but this timef ra m e wo u l d h a v e i n cr e a se d the risk to the Bahamian pub l i c of s us t a i ne d w a t er s ho r t ag es during the transition period." H e s a i d t h e c o r p o r a t i o n kne w t ha t t he y ha d t o i mpr ov e water production on an accel e r a t e d s c h e d u l e d u e t o t h e relocation of the WSC's con t a i n e r t e r m i n a l f a c i l i t i e s t o Arawak Cay. M r S a u n d e r s s a i d : T h e downtow n redevelopment i nitiative dictated that container t e r m i n a l f a c i l i t i e s w o u l d b e re lo cat ed to A ra wak Ca y b y mid2 011 and al l of the co r p ora tion 's fa cilities wo uld h av e to be relocate d to the sou the r n s i d e o f A r a w a k C a y t o accommodate." According to Mr Saunders, t h e c o r p o r a ti o n w o u l d h a v e n eed ed an ad dition al $ 3 millio n fro m t he g ov er nm en t in order to f inance barging and a n ew po r t f a c i l i t y I n s t e ad f u n ds all ocated f or relocati on w o ul d b e u s e d t o c o n s t r u c t a n e w f i v em i l l i on g a l l on s t or ag e t an k at t he B l ue Hi l l s l ow l e vel s t or a ge co mp ou n d an d, as fun d s a l l o w o t h e r p i p e w o r k improvements. Mr S au nd ers said th at th is mov e w ould ne gat e cos ts as sociated with maintaining barg ing beyond 2011. It was estimated that water barged from Andros accounts for three million imperial gal lons daily (MIGD) or 30 per cent of the total water provid ed in New Providence. M r S a u n d e r s s a i d t h a t despite its efficiency, the orig inal water supply strategy for New Providenc e c all ed for t he eventual replacement of bargi n g a s i t i s m or e co s t l y l e ss r e l i able, and the water is of poor e r q u a l i t y T h e c o r p o r a t i o n expects to eliminate shipping in eight months. The WSC, he sai d, s o l i cit ed a nd r ec eiv e d pr op o sa ls f ro m t h r e e f i r m s : C o n s o l i d a t e d W at e r N e w Pr o v i d en c e D ev e l o p m e n t C o m p a n y ( N P D C ) a n d R e i s s E n g i n e e r i n g t o i nc r ea s e p r odu ct i o n c ap ac i t y at Bl ue H ill s an d construct new f a c i l i t i e s a t W i n d s o r o n a n accel erat ed s ched ul e. C on s o lid a te d wa s ch o s en fo r o bv iou s r ea son s as it ha s f a c i l i t i e s a t b o t h l o c a t i o n s N PD C w as c ho s en b ec a us e t h e c o rp o r at io n h a s b e en in d is cu ss i ons ove r t he yea rs re gar di n g the corporat ion supplyi ng N P D C and f orm ali s ing it s p resent operat ions i n the wes t. "Reis s Engi neeri n g i s a wel l r e s p e c t e d i n t e r n a t i o n a l a n d lo ca l fi rm, who i t wa s d e ter mi ned had t he neces sary techni c al c a pab i l i ty t o e xe cu te s uc h a pr oje ct Tho se a pp ro a ch ed we re sp e ci fica lly r eq u ire d to m e e t a s t r i n g e n t p r i c e ( $ 6 6 .5 0 / 1 ,0 0 0 g a ll o n s ) a n d t i me (s i x-ni ne m onths ) c ri te ri a. T he pr i c e c r i t er i a w a s re l at e d t o t h e cost of sh i p ping where direct cos ts for char te r hi re, f uel and lu be oil alo ne ar e $ 6.5 0, a nd ove ral l cos ts excl udi ng s ta ff i ng t otal $7. 60 per thous and i mperi al gal lons and the t i me c ri teri a wa s rel ated t o the schedul e for full relocation o f the corporat ion's f aci li ti es at Araw ak C ay w it hou t incurr ing si gnif icant addit ional capit al expendit ure, he sai d. Mr Saun der s added that t he potent ial s it es wer e c h os en t o m i n i m i s e a d d i t i o n a l c a p i t a l e x p e n d i t u r e d u e t o e x i s t i n g i n f r a s t r u c t u r e a n d p l a n n e d i mprovement p r oject s such as t h e n e w JFK Gate way and t he R obi n so n R oa d i m pr ov em ent s u n d e r t h e N e w P r o v i d e n c e Road Impr o vem ent project "Tw o of the t hree fi rm s met t he cr it er ia. As a r esul t, ex ecut iv e m anage me nt r ec omm ended and t he b oar d a ppr ov ed t h e aw ard of a c o nt ract to C on s oli d at e d t o e xp an d t h e B l ue H i l l s f a c i l i t y a n d a n a w a r d t o N PD C fol low ing f urther negoti ati o ns a nd d i sc us s i ons on i t s fr a nc hi s e ar ea A bi nd in g ag re eme nt has bee n signed w ith Consolidate d W a te r ( Ba h a ma s) L td to i n c r e a s e w a t e r p ur c h a s e d at t h e B lue H il ls plant by 3. 5 MIGD at a cost of $6.20 per t housand im p eri a l g al lon s and co ntractual term s h av e al so been subs t a n t i a l l y a g r e e d w i t h N e w P r o v i d e n c e D e v e l o p m e n t C o m p a n y fo r t w o M I G D a t $ 6 .3 0 p e r th o u s a n d i mp e ri a l gal lons, h e sai d. C o n s o l i d a t e d W a t e r w i l l not be i n a monopoli sti c po s it i on i n N e w Pr ov i de nc e i n l i g ht of i mmi nent aw ard of a cont r a c t w i t h N e w P r o v i d e n c e D e v e l o p m e n t C o m p an y t o s up pl y a furt her tw o MIG D." M r S a u n d e r s a d d e d : Th e a d d it i o n a l s u p p l ie s wi l l a ls o p o s it i o n t h e Co r p o r a t io n t o meet the ant ici pated dem an ds fr o m B a h a M a r in t h e s h o r t a n d l o n g t e r m P r o d u c t i o n ca p ac ity o n Ne w P ro v ide n ce w i l l i m pr ov e f ro m ba r el y m e et i ng pr esent demand of 10. 5 t o 1 1 M I GD, to fu ll y s a tisf yi ng t h a t d e m a n d i n a dd i t i o n t o ha v i ng t he capacit y to serve B aha M a r a n d a l l o w i n g e x i s t i n g gr ou n dwa ter re so urc es to be r e s t e d LOCAL NEWS THE TRIBUNE FRIDA Y MARCH 4, 201 1, P AGE 5 W a t e r a n d S e w e r a g e d e n i e s e x p a n s i o n c o n t r a c t i m p r o p r i e t y M i n i s t e r o f F i n a n c e a n n o u n c e s E g o v e r n m e n t p r o g r a m m e l a u n c h A R O Y A L B a h a m a s Defence Force (RBDF) ves se l in t e rc e p t e d a g o -f a st v e s se l a n d a n u m b e r o f p a c k a g e s be l ie v e d to c o n ta in m a ri ju an a o f f G r e a t I n a g u a d u r i n g a jo int oper at ion wi th Op era t i o n s B a h a m a s T u r k s a n d C a i c o s ( O P B A T) o n W e d n e sday. The go-fast vessel was ini tially sighted by an OPBAT h e l ic o p t er o p e r a t i n g o u t o f Gre a t Ina g ua As a re sul t, t he De fe nc e Fo rc e ve ssel HMB S P 130 was d is p at ch ed fr o m t h e D e f e n c e F o r c e B a s e i n Inagua just before noon. R BD F o ffic ers sta tion ed at t h e O P B A T c e n t r e a l s o a c c o m p a n i e d t h e D e f e n c e Force vessel. T h e g o f a s t v e s s e l w a s e v e n tu a l l y i n te r c e p te d a ro un d 2pm that afternoon approxi ma te l y 30 mi le s we st o f G re at Inagua with the assistance of the OPBAT helicopter. Five Bah am ian men wer e s ubs e quently arrested and a num be r o f pack ages beli eved t o be marijuana were retrieved from the water. W h i l e e n r o u t e t o G r e a t I n a g u a P 1 3 0 i n t e r c e p t e d anot her gofast ve s s el; howe v e r n o c o n t r a b a n d w a s f oun d. T he fou r Ba hami ans f o u n d o n b o a r d t h i s s e co n d v es s el w er e a ls o t a k en i n t o cus tody by P-130 and tr ans p o r t e d t o I n a g u a l a t e r t h a t night. T h e n i n e B ah a m i an s a n d s u s p e c t e d d r u g s we r e l a t e r turned over to local police at M a t t h e w T o wn I n a g u a f o r processing. O P B A T i s a t r i p a r t i t e ag ree me nt be tw ee n the U nited St ates the Bahamas and the United Kingdom (Turks a n d C a i c o s I s l a n d s ) t o e n h a n c e d r u g i n t e r d i c t i o n e f f o r t s b e t w e e n t h e t h r e e cou nt ri es P130 is an i nt er ceptor vessel that was donat e d t o t h e D e f e n c e F o r c e u n d e r t h e U S E n d u r i n g F r i e n d s h i p p r o g r a m m e t o e n h a n c e m a r i t i m e s e c u r i t y a s s i s t a n c e a m o n g r e g i o n a l partners. A 3 9-year -old P inew oo d Gardens man has been sentenced to a year in jail after pl e ad i ng gu i lt y to a ma ri j ua na possession charge. B r i a n R i c a r d o B u l l a r d p l e a d e d n o t g u i l t y o n W edne sda y t o th e cha rge of p os s e s si o n o f m a r i j u a n a w i t h t h e i n t e n t t o s up p l y A cc o rd i n g t o t h e p r o s e c u t i o n B u llar d w a s fo u n d in po s s essio n of thr ee p ou nds of m ari j uan a on Monda y, Fe bruary 28. Th e d r u g s a c c o r d i n g t o t h e pr o s e c u tio n we r e d is covered inside a Pinewood Gardens residence during a s e a r c h b y p o l i c e o f f i c e r s De puty Mag istra te Ca roli ta B et h el l se n te n c e d B u lla r d to one year in jail. THE Central Detective Unit is seeking the public's assistance in locating a Bimini man who is wanted for question ing in connection with a robbery. Police are searching for 25-year-old Wansal Ricardo Rolle, alias "Chedder". According to the all-points bulletin issued for Rolle, the suspect has a light brown complexion and weighs approximately 200lbs at a height of 6'2". His last known addresses are Davis Street, Fox Hill and Bailey Town, Bimini. Rolle is considered armed and extremely dangerous. If the suspect is seen approach with caution and contact the police at 5029910 502-9991 or Crime Tipsters at 3521919 or 328-8474, and in Bimini at 3473144 or 919. B i m i n i m a n w a n t e d f o r q u e s ti o n in g in c o n n e c t i o n w it h r o b b e r y Wansal Ricardo Rolle Defence Force vessel inter cepts boat believed to contain marijuana Pinewood man sentenced for marijuana possession cour t NEWS WSC hits bac k at PLP concer ns r aised this w eek Anton Saunders Zhivargo Laing

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LOCAL NEWS P AGE 6, FRIDA Y MARCH 4, 201 1 THE TRIBUNE M I N I S T R Y o f Work s a nd T ra ns p ort o fficia ls h av e s et u p a n Info rma tion d es k in th e M all a t Ma ra tho n w he re me mb e rs o f th e p ub lic c an g o to le a rn m ore a bo ut th e on g oin g ro a d w ork s in th e Ro bin s on R oa d a nd Ma rath o n R oa d a re a. A lfre d Ma rs ha ll (s ta nd in g ) is b e ing b rou gh t u p to d a te o n the p r o g res s of th e ro a d p roje c t. Se a te d, fro m rig h t, are : Sg t 1 23 5 G a rlan d R ol le, R BP F Tra ffic D e pa rtm en t; Ch a rlen e Co llie -Ha rris p ro jec t e ng in ee r, Min is try o f W ork s; A n dre a Bu tle r e x e cu tiv e offic e r, Min istry o f Work s ; L a toy a Wa lke r, p ub lic rela tio n s o ffic er, J o se C arte llo ne C o ns truc c ion e s ; an d Fra n cis C la rke p roje c t en g ine e r, Min is try of Wo rk s. T H E A ngl i ca n D io cese of the Ba ha m as a nd t he Tu rks a nd Cai cos Isl a nds, i n cel e bra ti o n an d th an ksgi v i ng of i t s 1 50 th ann iv e rsa ry a s a D io cese wi l l hol d a f a mi l y fun run/ w al k on S a t u r d a y T h e ev e nt w i l l b e gi n a t Ch ri s t Ch ur ch C a t he dr al at 6 am an d i s e x pe ct e d t o a tt r ac t h un dr e ds of A ng l i ca ns f ro m al l 1 8 Ne w Pr ov i de n ce pa ri s he s a s w e l l a s m e m be rs of t he p ub l i c w ho wi s h to pa r ti c i pa t e i n t h i s he a l t hy l i f e st y l e ac ti v i t y THE ROUTE IS AS FOLLOWS: Christ Church Cathedral, south on George Street to Princess Street West on Princess Street to Baillou Hill Road South to Baillou Hill Road to Wulff Road East on Wulff Road to Collins Avenue North on Collins Avenue to Shirley Street West on Shirley Street to Elizabeth Avenue South on Elizabeth Avenue to Sands Road West on Sands Road to Addington House (The Angli can Diocesan Office) Chairperson for the 150th Anniversary, Idris Reid, said the event is timely, as more and more Bahamians are paying attention to their health. "More and more Bahamians are becoming health conscious and realising the importance of exercise, and so this family fun/run walk will provide an opportunity for us as Anglicans to come together as a church family in a healthier church as we fel lowship together and cele brate our 150th anniversary," said Mr Reid. The fun run/walk has several competitive elements, and prizes will be awarded to the church with the largest number of registrants, as well as individual prizes for the top three win ners in various age categories. The registration fee is $15 which includes a Tshirt. Persons may register at any New Providence Anglican church. T HE l at e Bah ami an p ot cak e s t ar Am ig o' i s stil l ha rd a t wo rk th rou gh a s pe cia l fun d w hic h a s sists w ith anima l protection initiatives. T h e l a t e s t m i s s i o n o f t h e A m i go Fund along with the Humane Society Int e rn a ti o na l h a s b ee n to h e l p sp on so r th e re c e n tl y h e l d sp a y / n e u t e r f i e ld c l i n ic i n E i g h t Mi l e R oc k Gr a n d B a h a m a The issue of spaying and neutering c a t s a n d d o g s i s o n e A m i g o w a s strong ly assoc i ate d w ith i n his li fet ime a s t h e o f f i c i a l p o s t e r d o g o f t h e H u m a n e S o c i e t y o f t h e G r a n d Bahama Spay/Neuter Campaign. He was f eatu red on it s po st ers as well as in full page adverts in tourist m a gazines, r a i sing aw ar eness of this important method of controlling pet overpopulation. Amig o's Fu nd i s a Ba ham ian ch arita b l e tr u st ( a m i g o sf u n d. o r g ) w h i c h w a s s et u p a f t er t h e p o t ca k e' s d e a t h t o ho no ur hi s le g ac y an d m issi on a n d ha s helped HSGB to sponsor prior spay/ neuter initiatives and puppy lifts'. Am ig o th rou g h hi s ass oc i at io n w it h t h e H um a n e S o ci e t y o f t h e U n i t ed S t a t e s ( H S U S ) a s t h e s t a r o f t h e B e k i nd C am p a ig n a n d m os t no ta b l y a lo n g w i t h H S U S C E O W a y n e Pa c e l le and hip hop impresario Russell Sim mons, was featured in public service a n n o un c e m e n t s i n t he U S d e a l in g w i th th e is s ue s o f d og f i ght in g an d cr ue l anim al t ra ppi ng. Bot h P SA s can b e s e e n i n t h e w a t c h s e c t i o n o f bekind.org. A m i g o w a s a l s o t h e i n s p i r a t i o n behind the potcake series of Bahami an commemorative stamps featuring paintings by famed local artist Alton Lowe. Amigo's Fund founder and HSGB honorary chair Frances SingerHay w ar d, who r escued A migo fr om t he bush as a starving and diseased stray p o tc a k e sa i d: I c a n n ot p o ssi bl y im a g ine a more appropriate endeavor for Amigo t o be ass ociated with t hen a spa y/ neute r i nitia tiv e, pa r t nering with h i s o l d a n d d e a r f r i e n d s b o t h a t HSUS/HSI and the Humane Society of Grand Bahama. We can only pray that everyone will become more sup portive of initiatives such as this and t h at p e t o w n er s t he m s e l ve s wi l l b e respon s ib le enoug h to ha ve their own animals ster ilis ed if th ey ar e free t o wander and mate, adding to the trag ic homeless animal problem resulting in u nt h i n ka b le an i ma l s uf f e r i ng s o prevalen t on Gr and B ah ama i sland W e th an k a ll t ho se w h o w e re i nv ol v ed and fe rv ent l y ho pe t hat t his i s o nl y the beginning." Amigo Fund, Humane Society sponsors GB spay/neuter field clinic BEST FRIEND: Film star Alec Baldwin presents Amigo with the Ambassador of Good will Award for his work promoting spay/neuter programmes. Pictured with him are Amigo's friend and trainer, William Grimmer and owner Frances Singer-Hayward. Anglican Diocese fun/r un walk set for Saturday M I N I ST R Y O F W O R K S A N D T R A N S P O RT S E T S U P N E W I N F O R M A T I O N D E S K I N T H E M A L L A T M A R A T H O N Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. Raymond A Bethel/ BIS Photos Tim Aylen /Photo

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GEORGE TOWN, Exum a Minister of State for t he Environment Phenton Neymour announced that the government will install a reverse osmosis (RO in Williams Town to meet the present and future needs of the Little Exuma settlem ent. Williams Town is a sett lement of approximately 70 homes who receive water through typical groundwa-ter wells, Mr Neymour said d uring a tour of the settlem ent on February 27. We g ave approval to the Water a nd Sewerage Corporation ( WSC) last week to install a reverse osmosis plant at this site, with six 5,000-gallon storage tanks. M r Neymour was a member of a delegation to the island led by Prime Minister Hubert Ingraham. They v isited other sites for infrastructural development, such as the old naval base site, t he dock in George Town and the Ferry Bridge that c onnects Great and Little Exuma. Also in the delegation w ere: Minister of State for Land and Local Governm ent Byran Woodside, senior government officials, outgoing Ambassador of the P eoples Republic of China Hu Dingxian and represent atives of the China Harbour Engineering Company. Minister Neymour noted t hat WSC had already started the preliminary groundw ork on the RO project and t hat two of the tanks are a lready on site. There will be four more tanks delivered to this site t o provide reverse osmosis to the residents who have b een plagued as some of you who are here today can witness with the smell ofh ydrogen sulphide problems due to the pond nearby, he s aid. Mr Neymour said the m ains have already been installed and run directly to all homes in the community. A ll that remains is for the system to be connected to t he RO plant once it is up a nd running. H e added that the WSC will have to install two deep disposal wells to remove the b rine created at the plant, as well as a seawater well f or extracting water. We anticipate to award the contract within the nextm onth and the construction will take three to five m onths before completion; so we expect the project to t ake about six months for the residents to receive the water, he said. B y LAMECH JOHNSON JUST days after the unofficial opening of the Harry CM oore Library and Information Centre at the College of the Bahamas, some students have already spoken out about the shortage of books in the new facility. Jillian Russell, a secondary education major specialisingin language and literature, shared her concerns with The Tribune on the matter. "They need to hurry up and get new books," Ms Rus sell said, adding that while she likes the new library, it will continue to feel incom plete until the shelves are more full. Ashley Thompson, a biochemistry major, agrees that there are not enough books. She described the new library as impressive, but said this could be a good or abad thing. It's a step up from the old library but it might be too extravagant. It looks like a mall, she said. Nursing major Shaniqua Roberts said the new facility is cool and has ample space and many study rooms. It also has a wide variety of sit ting areas where one can occupy their time. I like it, she said. Ms Roberts said that unlike her fellow students, she is not affected by the lack of books because she does not use them. She explained that most of her research is conducted on EbscoHost, one of the many online databases that students of COB have access to. Some of the lecturers took time to tour their new library. Hugo Zarate of the School of Journalism and Communications said he was impressedby what he saw. Media students will reall y benefit from the new spaces a nd facilities, he said. As one of the teachers working on introducing aB achelor's Programme for Media Journalism, he says the new library couldn't have c ome at a better time. T he Tribune a ttempted to contact senior library staff about the sparse collection ofb ooks, but messages were not returned up to press time last night. L OCAL NEWS T HE TRIBUNE FRIDAY, MARCH 4, 2011, PAGE 7 SOME S TUDENTS CLAIM SHORTAGE OF BOOKS AT NEW COB LIBRARY Water plant to be built in Williams Town, Exuma T HE TWO 5 ,000gallon water tanks that are already on site. There will be a total of six tanksw hen the RO plant i s complete. Eric Rose /BIS M INISTER OF STATE FOR THE ENVIRONMENT P henton Neymour ( left) speaks in front of the groundwater well that currently provides p otable water to Williams Town, Exuma, as Prime Minister Ingraham looks on. BOOKSHELVES in the new COBlibrary pictured in January. The facility opened unofficially on Monday.

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L OCAL NEWS T HE TRIBUNE FRIDAY, MARCH 4, 2011, PAGE 9 THIRTY representatives from the Bahamas j oined the US Marines and 22 partner nation c oast guard branches, law enforcement and g round forces in Antigua and Barbuda on W ednesday to participate in exercise Tradewinds 2011. Tradewinds is a joint-combined, inter-agency exercise and will involve US personnel from the Marine Corps, Coast Guard, Army, Navy,A ir Force, National Guard, Joint-interagency Task Force-South, Naval Criminal Investigat ive Service and the Federal Bureau of Investigation along with forces from: Antigua-Barbuda (Host nation Belize, Canada, Colombia, Dominica, Dominican Republic, El Salvador, Grenada, G uatemala, Guyana, Haiti, Jamaica, Nicaragua, Panama, St Kitts-Nevis, St Lucia, St Vincent, Suriname, Trinidad-Tobago. T radewinds is a annual US Southern Command sponsored exercise conducted in cooperation with Caribbean Basin, Central and S outh American Partner Nations with the goal o f improving cooperation between partner nations when responding to regional security t hreats. T he 2011 exercise will focus on regional d efence, peace keeping operations and counter i llicit trafficking operations through law enforcement, basic infantry and maritime operations training tracks. The goal of Tradewinds 2011 is to increase cooperation among CARICOM, RegionalS ecurity Service (RSS nations. This exercise will improve operational centre management, basic infantry skills, law enforcement tactics, techniques and procedures, search and rescue, maritime interdiction operations and maritime operating proced ures, said Major Eric Dominijanni of the US Marine Corps Forces, South, exercise coordinator. The US and the Caribbean share common interests, and regional challenges require cooperative solutions. We are committed to buildi ng lasting partnerships that will enhance our a bility to work effectively together, he said. Bahamas, US, Canada, Caribbean and Latin American nations in Tradewinds exercise Coast guard, law enforcement and ground forces to take part A WOMAN is seen through the barbed wire of an adjacent United Nations watchtower, soon after secur ity forces fired to disperse women protesting for a peaceful solution to the nation's ongoing political crisis, in the Attecoube neighborhood of Abidjan, Ivory Coast Thursday, March 3, 2011. Security forces loyal to the man clinging to power in Ivory Coast fatally shot six women protesting his refusal to leave office Thursday, as the U.N. said more than 200,000 people have fled the intensified fighting.The demonstrators were cut down by machine gunfire in Abobo, the suburb that has been the scene of the bloodiest clashes in the three-month-long-crisis. (AP ABIDJAN, Ivory Coast Associated Press SOLDIERSbacking Ivory Coast's defiant leader mowed down women protesting his refusal to leave power in a hail of gunfire on Thursday, killing at least six and shocking a nation where women's marches have historically been used as a last resort against an unre strained army. Because the president's secu rity force has shown almost no reserve in opening fire on unarmed civilians, the women decided this week to organize the march in the nation's com mercial capital, assuming soldiers would be too ashamed to open fire. But at least six of the thou sands of women demonstrating Thursday were killed on the spot, said Mohamed Dosso, an assistant to the mayor of Abobo who said he saw the bodies. The three-month old conflict in Ivory Coast has entered a new level of intensity. With each passing day, the regime of Laurent Gbagbo is proving it is willing to go to any length to stay in office following an elec tion that international observers say he lost. Sirah Drane, 41, who helped organize the march, said she was holding the megaphone and preparing to address the large crowd that had gathered at a traffic circle in Abobo. "That's when we saw the tanks," she said. "There were thousands of women. And we said to ourselves, 'They won't shoot at women.' ... I heard a boom. They started spraying us. ... I tried to run and fell down. The others trampled me. Opening fire on unarmed women? It's inconceivable." The attack prompted an immediate rebuke from the U.S., which like most govern ments has urged Gbagbo to step down and has recognized his rival as the country's legitimate president. "The moral bankruptcy of Laurent Gbagbo is evident as his security forces killed women protesters," said U.S. State Department spokesman P.J. Crowley in a Twitter message. In New York, the U.N. Secu rity Council said it is "deeply concerned" about the escalation of violence in Ivory Coast and that it could lead to a resurgence of civil war there. Nearly 400 people have been killed in the west African country, including 32 in the last 24 hours, almost all of them men who had voted for opposition leader Alassane Ouattara, according to U.N. figures and combined with deaths confirmed by The Associated Press. Last week, Gbagbo's security forces entered the Abobo neighborhood and began shelling it with mortars, a shocking escalation indicating the army is willing to use wargrade weapons on its citizens. Before that, the bodies seen by reporters had bullet wounds where the point of impact was marked by a single stain of blood. Since the escalation, the bodies seen by reporters have arrived at the morgue in body bags dripping with blood. A 14-year-old's corpse had hundreds of shrapnel wounds across the chest, and the doctor who attempted to save him last week said the wounds were the result of a fragmentation grenade, similar to those used in Iraq and Afghanistan. In Abobo, the official in the mayor's office said that one of the women had been 'torn to pieces' by the barrage of gun fire. "A woman," Dosso said in disbelief. For days, families carrying suitcases streamed out of the district in a massive exodus. At least 200,000 people have fled the suburb, said Guillaume Nguefa of the human rights division of the U.N. mission in Ivory Coast. "In Abobo district, the government is using heavy artillery weapons against people," he said. Multiple delegations of African leaders have come through Abidjan, Ivory Coast's commercial hub, to try to persuade Gbagbo to leave office. Gbagbo has rejected all their proposals and offers of amnesty, including the United State's offer of a professorship at a Boston university. Gbagbo, a former history teacher, has refused to cede power, even though U.N.-certified results showed he had lost the race by half-a-million votes to Ouattara. Instead, he demanded the U.N. leave the country and accused them of meddling in state affairs. For months, his security forces led near-daily raids in places such as Abobo, and the morgues began filling up with young men shot at point-blank range. Last week, one of the morgues ran out of space, forc ing workers to stack bodies on the floor. In January, the odor from the morgue could be smelled from the parking lot. Now, it projects itself across the street. SOLDIERS OPEN FIRE ON WOMEN PROTEST IN IVORY COAST

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L OCAL NEWS PAGE 10, FRIDAY, MARCH 4, 2011 THE TRIBUNE Speaking in the House, the National Security Minister said: If someone asks me, what do I do in terms of ensuring the safety of the chief executive of the country, it is surely not to walk toward that crowd. He added that Mr Ingraham is the sort of man who would never ask another person to do something the Prime Minister would not do himself. Immediately after Mr Turnquest made his comments, PLP MP for West End and Bimini Obie Wilchcombe told the House his party was not responsible for any unsavoury characters turning up in RawsonSquare. Mr Wilchcombe said: At no time was it our intention to put the PMs life in jeopardy. We believe in freedom of speech and the right to assembly, but at no time would we put life in jeopardy. T he protest, organised by a group known as Save BTC for Bahamians, was also joined by BTC union representatives and a large group of PLP supporters. In the aftermath of the p rotest, which turned violent at certain points, PLP leader P erry Christie denied reports that he had paid protesters to turn up in Rawson Square. Last week, Fox Hill MP Fred Mitchell also commented in the House of Assembly o n claims that protesters were paid by the party to d emonstrate. Aside from that being untrue, so what if they were paid? he asked, referring to the practice during the PLPs early protests in the 1960s. To mobilise people takes resources: food, buses, and communication, emergency care to a name a few of the possible expenses. So lets not get distracted by that fact, Mr Mitchell said. resident said there were too many coincidences surrounding the recent spate of fires at Mackey Yard and Sou Woch, and the governments transformation efforts. People are feeling betrayed. They have lost trust in the process. That is the general feeling of the people. I am somewhat concerned that the people might not be so cooperative anymore. I am somewhat concerned about it, said a translator, who has been assisting Haitian residents through the governments process. Brensil Rolle, Garden Hills Member of Parliament and Parliamentary Secretary in the Ministry of Housing, denied claims that the massive fire was some form of state strategy to advance its shanty town transformation programme. He said it was extraordinarily regrettable that the fire had to take place. I am sure with the persons who live in the area there is no thought that it was a deliberate act by the government. That is ludicrous, said Mr Rolle. He said the government made its position clear and evident to residents long before the fire destroyed Sou Woch or Mackey Yard, and its position still stands. Our plan to regularise the area is continuing. The Ministry of Housing will clear the site; the surveyors will work to mark out the land consistent with the ongoing plan to reclaim government land and regularise squatters. We will be talking to contractors today, said Mr Rolle, speaking at the site of the fire yesterday. Although fire officials denied intentionally delaying their response to the blaze, residents continued their criticism of the fire department on Wednesday. They also said bulldozers pushed houses that were not on fire into the blaze. Some residents also claimed police officers used weapons to prevent individuals from helping to remove items from houses that were not on fire. Police officers were not able to confirm these reports. However, Tribune sources said police officers had to manage several confrontations caused over possible looting, and an attempted attack on an officer. Sou Woch was one of the largest Haitian villages in New Providence. Its name means under the rock. Today, only the bare rock that provided a foundation to hundreds of homes is left as evidence of the community. One resident who lost his home said he was saddened by a comment made by a Bahamian onlooker, who reportedly said: Thank you God (for the fire). Bahamians did a good job today. According to some estimates, Mr Rolle met with about 150 residents in the area on Tuesday night at Good Samaritan Church. Mr Rolle confirmed he met with constituents and some squatters. Those attending said the church venue was filled to capacity with dozens of people overflowing to the outside. Residents claim they were informed that in eight to nine months, the entire area covering all of the major Carmichael shanty towns would look like Pride Estates. This has been a consistent message of the government. One resident said they were told to prepare from now because they could come any minute now. Mr Rolle said he was absolutely not concerned about losing the support of the residents in the transformation process. Up to Tuesday night, Mr Rolle said discussion with the community was reasonable and open. As for reports of a change in mood, he said he could not force them to accept the process, but the plans are continuing. While some residents blamed the government for the fire, some observers have suggested residents of the yard might have set light to the fire as a last ditch effort to get help from the government. Yesterday, the anger of residents spilled over to the neighbouring Government Yard. A resident of the village said they chased away a tractor when it came to clear land and bulldoze trees. One resident said he told the driver: If yall dont get off here yall gonna get chap. He said residents were fuming from the fire and thought it was insensitive that with 1,000 displaced people, the government had private contractors bulldozing in the neighbouring yard one day later. SEEPAGETHREE ment. Ervin Dean, union president, said: We have resorted to strike action effective immediately. We have been meeting over the past several weeks and basically accomplished nothing. We have asked them repeatedly to comply with the industrial agreement, they have refused. They have refused to budge. Mr Dean said his union is trying to get BECs executive management to go back to the original agreement. According to Mr Dean, BEUMU's last industrial agreement with the utility company expired on October 1, 2007. He said a clause in this agreement, arti cle 47, dictates that the old agreement will stand until a new contract is signed. If you cant get a new one in place, roll the old one forward. They dont want to do that. They dont want to honour the money clause, Mr Dean said. The managers are overwhelmingly in favour of strike action. According to Mr Dean, the BEUMU will hold a strategic meeting with its members this evening. Three weeks ago, the union members voted in favour of striking against BEC, 78 to 1. BEC general manager Kevin Basden was reportedly not in office yesterday and could not be reached up to press time. However, BEC executive chairman Michael Moss told The Tribune : I understand that the unions have claimed the negotiations have not progressed as they had hoped and that they would be initiating immediate work to rule. Our objective is to have them come back to the bargaining table and get a resolution to this matter. Negotiations should be a give and take. People should not have hard and fast positions but should be flexible. Mr Moss said he could not say what affect the unions action would have on the operations at the corporation, but he noted that its system is built to function for a period of time unless interfered with. Mr Moss said that while the old agreement with the union expired three and a half years ago, managers continue to receive annual salary increases. Mr Moss also noted that the corporation had proposed two, back-to-back, threeyear agreements; one agreement in respect of 2007 to 2010, consisting of a lump sum payment and an agreement with respect of 2010 to 2013. iolent criminals in B TC protest crowd F ROM page one FROM page one BEC MIDDLE MANAGERS TO TAKE STRIKE ACTION THEFIRE devastated the Haitian Village on Wednesday. MP denies fire was started deliberately FROM page one

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L OCAL NEWS T HE TRIBUNE FRIDAY, MARCH 4, 2011, PAGE 11 shortly before 3am on Wednesday at Haven SubR oad, off Soldier Road. P olice received information that two masked men, both of whom were alleged-ly armed with handguns, entered a residence demanding cash. The thugs took cash, cell p hone cards and cell phones and fled the area on foot in an unknown direction. Police are investigating. p aniola through the Bahamas. However, it added, investiga tions of these organisations have been h indered by an insufficient number of Creole speakers within the DEU. T hese efforts were further stalled b y the January 12 earthquake in Porta u-Prince, which limited the ability of the Haitian National Police to expand co-operative efforts with their B ahamian law enforcement counterparts, the State Department added. This years report again listed the B ahamas as a Major Illicit Drug T ransit country, noting that the arch ipelago contains several major transit points for South American cocainea nd Jamaican marijuana bound for the US. It also emphasised however, that t he Bahamas is a steady ally in the fight against drug trafficking and the t wo countries work closely together i n this regard. S peaking with T he Tribune y esterd ay, Assistant Commissioner of Police Hulan Hanna reaffirmed the forces commitment to its partnership with US law enforcement officials. He said that if the INCSR suggests a reas where officers can improve their skills, including in terms of learning t he languages of the region, this police administration is willing to do it. Mr Hanna said the police are aware that Haiti poses a problem in terms of t he international drug trade, and has done so for quite some time. Through co-operation, we contin ue to intercept any number of vessels c ontaining narcotics that might have been bound for the Bahamas or ultimately the US, he said. So we are a ware of that and we are addressing it. We are working to shut down the f eeder systems of this trade, whatever t he destination. T he INCSR report noted that d espite the obstacles, over the last year Bahamian law enforcement officers were able to intercept shipments of drugs in Haitian sloops and coastal freighters, and have learned that drugt raffickers are now using air drops and remote airfields to deliver large c ocaine shipments to the Turks and Caicos and the Bahamas from Venezuela and Colombia. During 2010, the DEU, working c losely with US and other foreign law enforcement agencies, seized 269 kilograms (kg destroyed more than 42 metric tonso f marijuana, arrested more than 1,000 persons on drug-related charges and seized more than $821,000. N evertheless, the report said, drug gangs continue to capitalise on the c ountrys vast geography, by using s mall commercial and private vessels a nd aircraft, making detection and a pprehension difficult. It identified the use of commercial cargo containers for smuggling contraband on larger ships through government seaports, particularly theF reeport Container Port, as a particular concern. T he report said the vessels used by police and Defence Force officers for drug interdiction a significant number of which were donated by the US g overnment are generally wellmaintained by properly trained crews; however the effectiveness of their maritime interdiction and securitye fforts is limited by the few resources they have to cover the large expanse of Bahamian territorial waters. recent deaths. In reference to a homic ide at Domingo Heights o n February 26, 2011, the victim has been identif ied as 28-year-old Charles Christome. A man found unresponsive in a dark-c oloured Honda at H omestead Street on February 22, 2011, has been identified as Jason Brown, also 28. And a man who was e lectrocuted in Eleuthera has been identified as 71-year-old F ranklyn Durham of Hatchet Bay. F ROM page one Lack of Creole speaking police affecting drug trafficking fight NINE MEN ARRESTED IN $852,000 DRUG BUST WOMANS DEATH CLASSIFIED AS A MURDER F ROM page one FROM page one P RIME Minister Hubert I ngraham said Baha Mar failed to materialise under the former Progressive Liberal Party government b ecause of the PLPs decis ion to recognise Taiwan a s an independent nation and establish diplomatic relations. H e said it was funding from China that enabled Baha Mar to materialise and the Free National M ovement led government recognised the need to maintain a strong relations hip with the Peoples R epublic of China. We are old friends, Mr Ingraham said, speaking of the FNM and the Peoples Republic of China. O pposition members of p arliament walked out of t he House of Assembly last night just before the Prime Minister took thef loor. They protested a dispute over the order of speakers on the debate about the g overnments mid-term budget. Brave Davis, member o f parliament for Cat I sland and Rum Cay, was s eeking to be acknowledged by the Speaker of the House when the argument broke out. S peaker Alvin Smith a cknowledged Prime Mini ster Hubert Ingraham, North Abaco member of parliament, who closed thed ebate. PLP members then gathered their papers and walked out of the House w ith Mr Ingraham noting that Opposition Leader Perry Christie was the last t o leave. PM claims PLPs stance on Taiwan halted Baha Mar PRIMEMINISTER Hubert Ingraham

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SECTIONB business@tribunemedia.net FRIDAY, MARCH 4, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69T he information contained is from a third party and The Tribune can not be held r esponsible for errors and/or omission from the daily report.$ $4.72 $4.72 $4.72 affordable terms swift response down payment as low as 5%*all of the above*with mortgage indemnity insuranceown the home of your dreams A MB ESTA-ExcellentFinancialStrengthRating call our morgage department today at (242396-4040 (Nassau242Freeport A SUBSIDIARY OFNASSAU I FREEPORT I ABACO I ELEUTHERA I EXUMA I FINANCIAL CENTRE I CORPORATE CENTRE I www.famguardbahamas.com By NEIL HARTNELL Tribune Business Editor The Government has extended a US consultants contract in order to overhaul the Civil Aviation Departments structure, separating the regulatory and opera tional functions, and provide oversight throughout the Bahamas of aviation and this nations airports. Vincent Vanderpool-Wal lace, minister of tourism and aviation, told Tribune Business yesterday that the con tract extension with Tim Neel & Associates was fundamental to the development of civil aviation in the Bahamas, addressing weaknesses identified in an International Civil Aviation Organisation (ICAO this nation into compliance with global standards and best practices. Tim Neel & Associates was initially brought into work with the Government around a decade ago, when the thenNassau International Airport was downgraded by the Fed eral Aviation Administration (FAA status for non-compliance with ICAO standards. Fundamental to Civil A viation s development Consultant contract extended to restructure department, separating regulation from operations* New aviation hub eyed for south Bahamas Airport certification initiative included in plan VINCENT VANDERPOOL-WALLACE SEE page 5B By NEIL HARTNELL Tribune Business Editor The Bahamas reliance on tourism for its economic wellbeing is set to increase further over the next decade, despite the hotel sectors current employment woes, with the industrys total GDP contribu tion forecast to grow by 3 per cent per annum and hit $4.83 billion by 2021. Unveiling its research find ings on the contribution tourism will make to the Bahamian economy in 2011 and over the next decade, the World Travel & Tourism Coun cil (WTTC sector will directly employ 48,000 persons or 29.4 per cent of the total workforce in 2011. And, notwithstanding the hotel industrys current woes, as emphasised by the impending 200 lay-offs at Our Lucaya, the WTTC study said total Bahamian tourism industry employment was set to grow ata rate of 2.1 per cent per year over the next decade, hitting 60,000 jobs or 30.3 per cent of the workforce by 2021. The WTTC study reinforces the notion that while economic diversification is welcome and more than necessary, tourism will remain the Bahamas bread and butter, its number one industry, for decades to come. The industrys direct GDP contribution was forecast to hit $1.648 billion or 21.7 per cent of the Bahamas total economic output in 2011, increasing by 3.1 per cent per annum to hit $2.226 billion (growth of almost $580 million) in 2021, accounting for 22.6 per cent of GDP. The total contribution of travel and tourism to GDP, including its wider economic impacts, is forecast to rise by 3 per cent per annum from $3.598 billion (47.4 per cent of GDP in 2011 to $4.83 billion (49.1 per cent) by 2021, the WTTC study on the Bahamas said. The total contribution of travel and tourism to employment, including jobs indirectly supported by the industry, is forecast to rise by 2.2 per cent per annum from 91,000 jobs (55.1 per cent of total employ ment) to 113,000 jobs (57.2 per cent) by 2021. The WTTC study estimated that the Bahamas would attract 1.478 million stopover (landbased, higher spending) arrivals in 2011, and this figure was set to grow at a rate of 2.8 per cent per annum over the next 3% PER ANNUM TOURISM GR OW TH IN NEXT DEC ADE Industrys total Bahamian GDP contribution to grow almost $1.3bn over next 10 years* Set to generate over 57% of Bahamas jobs by 2021* Total stopover visitors predicted to hit 1.478m this year and grow at 2.8% per year to reach 1.941m in 2021 SEE page 5B By NEIL HARTNELL Tribune Business Editor The Obama administration yesterday said the Bahamas was not fully compliant with key United Nations (UN targeting the financing of terrorist organisations, particularly al Qaida and the Taliban, and needed to tighten regulation of cross-border currency movements. The US governments International Narcotics Control Strategy Report (INCSR this nation to further strengthen its anti-money laundering and counter-terror financing defences, noting that the National Strategy on the Prevention of Money Laundering had yet to be fully implemented. The Bahamas should continue to enhance its anti-money laundering/counter-terrorist financing regime by implementing the National Strategy on the Prevention of Money Laundering; US: Bahamas not meeting UN anti-terror finance decrees Obama administration tells nation to tighten scrutiny of cross-border currency transportation* Concern about drug smuggling through Freeport Container Port SEE page 4B B y ALISON LOWE B usiness Reporter alowe@tribunemedia.net The Customs Department expects to prosecute two companies this year following the discovery of what a ppears to be a shocking l evel of corruption involvi ng the evasion of millions o f dollars in import duty a nd Stamp Tax payments, it w as revealed yesterday. Comptroller of Customs, Glenn Gomez, said the evasion of Stamp tax and import duty, which may add up to millions of dollars, by two companies he d eclined to name, is being investigated currently. While Mr Gomez recently e xplained to Tribune Busin ess some of the challenges the Department has faced in the past in bringing tax evading companies and individuals to justice, the Comptroller yesterday said he f eels confident that the i nformation his department has gathered in connection w ith the two big cases will carry us into the courts. We are working two big o nes now. I dont want to let anything out of the bag because it may hamper what we are doing. But we are looking forward to, sometime this year, going to the courts with a couple of peop le, he said. Weve been working on i t probably a little over a m onth. Weve got some d ata, but we will probably h ave to do some more work, so it maybe a couple more months, may be less. We want to make sure we tie this up right. The Comptroller declined to go into specifics about the s ector/s in which the companies being investigated are Shocking corruption costs Customs millions n Department gearing to take two big cases before Bahamian courts for massive tax evasion n Comptroller almost shocked, and says: Once we started to gather data, we said: Wo G LENN GOMEZ SEE page 4B By ALISON LOWE Business Reporter alowe@tribunemedia.net Both the Minister for Labour and the head of the Bahamas Hotel Managerial Association confirmed yesterday that theymet with executives from the Our Lucaya Golf and Beach Resort in separate meetings on Tuesday, ahead of todays anticipated announcement that around 200 workers will be terminated from the hotel property. Dion Foulkes said he was told there would be adjustments at the hotel, but declined to go into details, ashe said it was agreed in the meeting that resort management and top executives from Hutchison Whampoa, the hotels owners, would meet with staff before any public announcements were made. Minister affirms adjustments at Our Lucaya hotel Discussed economic situation at hotel with Hutchison and management earlier this week SEE page 5B D ION F OULKES By ALISON LOWE Business Reporter alowe@tribunemedia.net The total value of new buildings on which construction got underway during the 2010 sec ond half declined when compared to the same period in 2009, it was revealed yesterday, with an 85 per cent fall suffered during the July 1-September 30 period. Minister of Public Works, Neko Grant, revealed this trend in the House of Assembly yes terday when he spoke in the mid-year Budget debate, say ing the figures reflect existing economic conditions. According to the Minister, construction start values dur ing the first quarter of the 20102011 fiscal year July to Sep tember 2010 totalled $31.789 millionas compared to the previous fiscal years first quarter total of $207.27 million. This was an 85 per cent decline. The second quarters construction starts October to December amounted to $28.467 million, compared to SEE page 7B BIG CONSTRUCTION START DECLINE IN 20 10 2ND HALF

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B USINESS P AGE 2B, FRIDAY, MARCH 4, 2011 THE TRIBUNE 0DFKLQHU\t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t(/LPLWHG 1DVVDX%DKDPDV $WWHQWLRQIFH$GPLQLVWUDWRURUHPDLO PH#PHOWGFRP 127(QO\SHUVRQVEHLQJLQWHUYLHZHGIRUWKLV SRVLWLRQZLOOEHFRQWDFWHG 326,7,21$9$,/$%/( BY SIMON COOPER R ES SOCIUS T h at great English philosopher, poet and dramatist, William Shakespeare, wrote: There is a tide in the affairs of men, which, taken at the flood,l eads on to fortune; omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat, and we must take the current when it serves, or lose our ventures. N o doubt the Bard was thinking of a fragile sailing ship waiting at the entrance to a harbourf or the tide to turn and draw it out t o sea. If it failed to take the moment at t he exact time it arrived, William S hakespeares audiences knew the wooden ship would be smashed on r ocks, and that all its crew could d ie. The Bahamas economy seems s imilarly adrift these days, and s ometimes without a rudder that works. A re we as nation going to grasp the opportunity that Baha Mar o ffers to get back on the interna tional map, or receive the criticism that we will so richly then d eserve? W ithout taking the analogy furt her, businesses are relatively fragile entities, too. More often than not they go ahead in leaps and bounds when happy fortune s trikes, only to sink back again into t he doldrums when they fail to c atch the next opportunity. B aha Mar will undoubtedly b ring happy fortune for some B ahamian businesses, while others will equally undoubtedly fail to catch the wave, and may evenl ose their competitive advantage as rivals suddenly become more dominant. The rest will presumably continue to drift along B ahamas-style, perhaps buoyed up a little by improving business confidence. Which kind of business owner are you, and how are you going to gain or lose from the Baha Mar project? Have you completed your S WOT analysis and put expansion p lans in place to capitalise on what could become your greatest business break, or are you still head-insand and waiting for the project t o go away? I find it strange that, while so m any Bahamian businesspeople take medical advice readily, so few of them seek outside opinion on the health of their own businesses. A s a result, they remain trapped in t heir own paradigms, while wond ering why their sales no longer g row. Business coaching is e xtremely popular in Europe and M ainland America these days. Its like mentoring in a sense, except that in this instance money changesh ands in exchange for proven benefits. Most times the service provided is a reflective sounding board that creates an environment cond ucive to informed decisions. At other times the assistance is more down to earth. What Bahamian businesses should be doing about Baha Mar is creatively identifying the opportunities that it presents, perhaps in the light of professional advice such as I mentioned. It does not require a crystal ball to figure out that those in charge of that great p roject will buy the cheapest resources that meet their quality standards. If they do not procure t hese in the Bahamas, they will h ave to ship them in at higher cost. S urely with our international netw orks, local experience and established infrastructure, this is a good t ide to catch? N B: Res Socius was founded by Simon Cooper in 2009, and is a business brokerage authorised by the Bahamas Investment Authority. He has extensive private and p ublic SME experience, and was f ormerly chief executive of a publ icly-traded investment company. H e was awarded an MBA with distinction by Liverpool University in 2005. Contact him on 636-8831 or write to simon.cooper@ressocius.com. Bahamian companies must catch rising Baha Mar tide R oyal Bank of Canada (RBC its 2011 Employee Volunteer Programmes, giving an estimated 79,000 staff around the world, including staff in the Bahamas, opportunities to win grants for their charities of c hoice. The programmes have been launched in a nticipation of Volunteer Week, which is being o bserved from April 10-16 in all of Royal Banks global businesses. Its employees are eligible for grants in support of their charity of choice through the RBC Community Spirit A wards, the Employee Volunteer Grant Programme and the Day of Service Grant Award Programme. RBC developed these programmes to sup port employee volunteerism as part of our greater commitment to community involvem ent and corporate citizenship, said Nathaniel Beneby, RBCs president and coun try head for the Bahamas. These programmes accommodate our e mployee lifestyles, and support employees w ho are already active volunteers or seeking to get involved in individual volunteer work, or as part of a team. Employees who demonstrate outstanding leadership and dedication to their communities m ay be eligible for the Community Spirit Awards, while the Employee Volunteer Grant P rogramme rewards staff who volunteer more t han 40 hours per year in community work. The RBC Day of Service Grant supports teams who volunteer outside of work hours on any day during the month of April. T he programmes are open to RBC employees around the world, including employees in any of the 19 RBC/RBTT jurisdictions in theC aribbean, such as the Bahamas. Awards will be announced globally during Volunteer Week, with awardees receiving certificates of p articipation and a grant for the organisation of their choice. Royal Bank first established operations in the Bahamas during 1908, andn ow has 24 retail branches and 45 automated b anking machines in this nation. B LOOD DRIVE: R oyal Bank employees donating blood at one of RBCs many employee and community service initiatives. ROYAL BANK LAUNCHES VOLUNTEER PROGRAMME S IMON C OOPER

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By ALISON LOWE Business Reporter alowe@tribunemedia.net A 10 per cent gap where expenditure exceeds output has emerged in the New Providence Road Improvement Project, the Government revealed yesterday, noting that it is hoping an increase in labour and future accelerated output will narrow this discrepancy. Providing an update on a number of ongoing infrastructure projects yesterday, minister of public works, Neko Grant, said the New Providence Road Improvement Project (NPRI has experienced several setbacks since its re-launch which h ave contributed to a 10 per cent gap where expenditure exceeds output. The ministry anticipates that with an increase in labour resources by the contractor (Jose Cartellone Construcciones Civiles C.A.) and futurea cceleration of output, that the pace of this project would be e nhanced with a view to narrowing the expenditure/output differential.The ministry is still attempting to meet its completion deadline during the first quarter of 2012, said Mr Grant. The Minister noted that the project is continuing in the a reas of Baillou Hill Road, Market Street, Robinson Road, East Street, Marathon Road and the western corridors from Tonique Williams Darling Highway to Saunders Beach. B USINESS T HE TRIBUNE FRIDAY, MARCH 4, 2011, PAGE 3B Have you heard the good news? You CAN save money!If you need a lower premium,low deductibles,generous benefits and a fast claims service,pick up the phone and ask NIBA for a great insurance deal.Its time to pay less for insuring your car! Tel.677-6422 or visit www.nibaquote.com NASSAU INSURANCE BROKERS AND AGENTS LIMITED Atlantic House,2nd Terrace & Collins Avenue P.O.Box N-7764 Nassau Tel.677-6422 www.nibaquote.com Open Saturdays10.00am2.00pm /(*$/7 ) 2856($6216+2/',1*6/,0,7(' 9ROXQWDU\/LTXLGDWLRQf 1 RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFHZLWK 6HFWLRQRIWKH&RPSDQLHVWKDW )2856($6216+2/',1*6/,0,7('KDV EHHQGLVVROYHGDQGVWUXFNIURPWKH5HJLVWHU RI&RPSDQLHVLQDFFRUGDQFHZLWKWKHOHWWHU SURYLGHGWKH5HJLVWUDU*HQHUDODVRI 'DWHGWKLVUG *(25*(&/,))25'&8/0(5 /LTXLGDWRU /(*$/7 670,&+(/632576:($5/,0,7(' 9ROXQWDU\/LTXLGDWLRQf 1RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFHZLWK 6HFWLRQRIWKH&RPSDQLHVWKDW 670,&+(/632576:($5/,0,7('KDV EHHQGLVVROYHGDQGVWUXFNIURPWKH5HJLVWHU RI&RPSDQLHVLQDFFRUGDQFHZLWKWKHOHWWHU SURYLGHGWKH5HJLVWUDU*HQHUDODVRI 'DWHGWKLVUG *(25*(&/,))25'&8/0(5 /LTXLGDWRU By NEIL HARTNELL Tribune Business Editor B ahamasair still requires $6 million more i n taxpayer subsidies than it received in the 2010-2011 Budget, it was revealed yesterday, with net losses for the half-year to end December 2010 having risen by over 2 per cent to $9.5 million. Disclosing that losses for that six-month p eriod had expanded from 2009s $9.3 mill ion, Neko Grant, minister of public works and transport, said: The Government approved a subvention of $16 million for Bahamasair for the 2010-2011 fiscal year, which was $6 million less than that requested a t that time. The reforecast at the half-year p oint indicates no reduction in net loss, and B ahamasairs mid-term report indicates that a total of $22 million is still needed. Outlining the airlines current financial state, Mr Grant said passenger and charter revenue decreasedm but staffing costs also feel due to attrition. M r Grant added: Other revenue increased due to revamping of the excess baggage fee structure and increase in commission percentage from car and hotel packages, and passenger penalty fees for flight schedule changes. On-time performance for this same period i s 69 per cent as compared to 75 per cent duri ng the same period last year. This has been attributed to an increase in reactionary delays. Despite these challenges of decreased revenue and on-time performance, Bahamasair has sought to become more competitive and in this regard, implemented several marketingi nitiatives over the past year. Cost containm ent measures have been implemented with regard to fuel where an agreement was negotiated with a view to reducing fuel cost. Furthermore, in-house C checks for Dash 8 aircraft have continued, which has reduced maintenance costs. M r Grant added that as at December 2010, B ahamasair had no long-term debt, the only outstanding loan being one from Bank of the Bahamas International with a $242,845 balance. Bahamasair still needs $6m more from taxpayer By ALISON LOWE B usiness Reporter a lowe@tribunemedia.net E xpecting a tremendous reduction to have been a chieved in the Bahamas food import bill in the past year d ue to increases in the farming of fruits and vegetables, the Minister of Agriculture yesterday said he hopes thisn ation will become an exporter of onions in 2011. Based on what we have seen from the packing houses, the produce exchange, along the roadsides and at PottersCay and other areas with small markets, it certainly looks to me that there is much more being produced, Larry Cartwright said of general agricultural output, during the first day of the Agri-Business Expo on G ladstone Road. S tatistics were not available yesterday documenting the expected growth in agriculture output in recent years,b ut Mr Cartwright said enhanced access to land, credit and other support from the Ministry and Depart ment of Agriculture, plus the Bahamas A gricultural and Industrial Corporat ion (BAIC grow greater amounts of fresh pro d uce this year. H owever, Mr Cartwright noted that given economic con ditions, any figures showing the amount of money flowing out of the country to buy foreign food will have to take into consideration the likely reduction in spending by con-s umers overall. The most recent figure of almost $500 mil lion spent on food imports was documented in 2009, and the next statistics are set to be released this year. Speaking of recent achievements in agriculture, Mr Cartwright said that having for the first time introduced onions to its list of agriculture outputs this year, Andros now has far more acreage being used for onion cultivationt han any island in the history of Bahamian agriculture. T he amount of onions being produced exceeds Bahamian demand, and therefore creates the possibility of an export market, with Canada being targeted. Pineapples are alsob eing grown in quantities that could legitimise an export market. Whereas Eleuthera was once the only island on which large scale pineapple farming was underway, Mr Cartwright said production has been introduced in recent years in Long Island, Cat Island and Andros as well. There are different things you have to look at when exporting to the EU, Canada and the US. You have to make sure you document how much fertiliser you use and the regularity. This year, for the first year, we are monitor ing that on a daily basis, so when we look to export we will have that information available, so it will be much easier getting an importing country to take our exports, said Mr Cartwright, referring to evolving international standards regarding trade in agricultural produce. Vegetables and fruit, which are now being grown in sig nificant quantities in The Bahamas other than onions and pineapples, also include persian limes, bananas, mangos and avocados. Cucumbers, sweet peppers, eggplants and tomatoes are also under cultivation, as are cabbages and cassava. Mr Cartwright said incentives are being offered so that almost any item required for agriculture can be imported into the country duty free, and at the Fish and Farm Store where Bahamian farmers go to buy agricultural equip ment, credit is available to allow farmers to finance their purchases until they can pay them off. I think you are now seeing more farmers making use of that privilege, and based on the number of applications I see being made for duty exemptions for trucks for farming, farm equipment and other items, I think we are well on our way, said Mr Cartwright. Nonetheless the Minister noted that given that the Bahamas labour costs remain high higher than any other country in the Caribbean and fertiliser prices are much too high, until the Bahamas can achieve higher levels of pro tected agriculture, that is produce grown in greenhouses and other protective structures, the price of locally grown goods will continue to be generally higher than that of imported produce, which often comes from countries with significantly lower labour costs. Until we dont need that amount of labour, because we have more protected agriculture our prices are always goingto be higher than the imports, but we are working feverishly to try to introduce more greenhouses, more modern ways of farming to cut down on imports, said Mr Cartwright. In his speech at the opening of the Agri Business Expo, Prime Minister Hubert Ingraham said it is timely that local produce should be on the rise, given that oil prices are likely to cause food prices to increase for the foreseeable future. The Agri Business Expo runs until Saturday at the Glad stone Road Agricultural Centre. It showcases and offers for sale agricultural and handicraft products from throughout the Bahamas, as well as food processing presentations and produce competitions. Bid reduction in food imports Onions eyed for exports % output gap hits road project N EKO GRANT Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. M ORESUBSIDIESNEEDED: B ahama s air. LARRY CARTWRIGHT

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Neither Zhivargo Laing, minister of state for finance, nor John Delaney, the attorney general, could be contacted by Tribune Business for comment prior to press time yesterday. It was unclear whether the US State Departments INCSR report was drawing on dated information for its Bahamas analysis, given that it attached as an annex the last Caribbean Financial Action Task Force (CFATF nation, carried out in 2007, but Washingt0ns documents usually draw upon updated information supplied by the US Embassy in the relevant nation, plus other established sources. Tribune Businesss review of that CFATF report reveals that the Bahamas failure to be in full compliance with thet wo UN resolutions identified in yesterdays report was raised as an issue back in 2007. It is unclear, though, given the lack of government response to Tribune Business yesterday, whether the problem has been adequately addressed, but if not it would be somewhat embarrassing to have these weaknesses highlighted again almost four years after they were first raised. The CFATF report noted that the penalties for breaching both these UN resolutions were of a low level, namely a $10,000 fine and/or a one-year prison terms, and recommended tightening these sanctions because they were not in keeping with the requirements of either Security Council demand. The Bahamas, the CFATF added, had used the International Obligations (Economic and Ancillary measures) (Afghanistan t o implement UN resolution 1267, but this does not implement UN resolution 1373 in so far as the powers of the authorities to take action under that statute are not directly referable to terrorism nor the financing of terrorism. In conclusion, the CFATF found: The Anti-Terrorism Act (ATA implement UN resolution 1267 in so far as the Bahamian authorities may not designate an entity as a terrorist entity, or freeze its assets, solely upon the designation being issued by the relevant UN Security Council Committee. The ATA should be amended to effect full compliance. The ATA does not fully implement UN resolution 1373, as the Bahamian authorities may not in all cases effect the freezing of terrorist funds without delay as required by UN resolution 1373, because of the separate procedural requirements of the ATA in respect to listing and freezing applications. Reciprocity The Bahamas demand for reciprocity, the CFATF said, did not meet the UN resolutions requirement, and it added: The ATA does not fully implement the requirements of UN resolutions, particularly as they relate to the freezing of the funds or assets of terrorists. The CFATF report also picked up on another area identified yesterday by the Obama administration, namely the absence of a system to collect and analyse the crossborder transportation of currency. There is no requirement to declare or disclose the cross-border transportation of cash or negotiable instruments. Therefore, no statistics or information is obtained in this area, the CFATF said. Consequently, no information, based on declarations, is available for forwarding and analysis by the Financial Intelligence Unit....... The lack of a declaration or disclosure system prevents an analysis of cross-border movements to determine or detect any particular trends in this area. Detection methods used by the Bahamian authorities appeared to be outdated, the CFATF report said, adding that the legal framework dealing with the crossborder transportation of cash needed to be updated. Meanwhile, yesterdays INCSR report identified the transhipment of cocaine in shipping containers, via the Freeport Container Port, as a major concern to US and Bahamian authorities. The majority of cocaine seized in recent years has been concealed in containerized cargo transiting the Freeport Container Port on the island of Grand Bahama. The DEA [Drug Enforcement Administration] believes Colombian traffickers are utilizing containerized cargo as a means to thwart the efforts of law enforcement officials in the Bahamas. Approximately three metric tons of cocaine have been seized at the Freeport Container Port since 2007, the US State Department report read. Freeport Harbour has the closest offshore port to the United States and the entire country is relatively accessible by medium sized boats. This makes smuggling and bulk cash money laundering relatively easy. The Obama administration repeated previous US proddings for the Bahamas to provide adequate resources to its law enforcement, judicial, and prosecutorial bodies in order to enforce existing legislation and safeguard the financial system from possible abuses. It also demanded that this nation maintain a list of beneficial owners of all licensed entities domiciled in the Bahamas. Stating that the proceeds of drug trafficking were moved through Bahamian banks and companies, the INCSR report said: Money laundering trends include the purchase of real estate, large vehicles and jewellery, as well as the processing of money through a complex web of legitimate businesses and international business companies registered in the offshore financial sector. Drug traffickers and other criminal organisations take advantage of the large number of international business companies and offshore banks registered in the Bahamas to launder significant sums of money despite strict Know Your Customer (KYC ments. And the report added: Additional gaps in the countrys legislation include a failure to criminalise participation in an organised criminal group, and to tighten the currency transaction reporting system to track people arriving and leaving to all destinations. U S: Bahamas not meeting UN anti-terror finance decrees F ROM page 1B involved. However, he did say he was almost shocked by what he had seen so far coming out of the investigation. We are looking at hundreds of thousands, maybe even into the millions (that has not been paid to Customs lot, and I am almost shocked at whats been going on. I heard about it first probably a couple of months ago, but we had to gather data and once we started to gather it we said: It is unclear whether this is one of the entities referred to, but Tribune Business understands that one well-known b usiness has recently lost its Customs bond and is being required to pay the Department upfront via bankers drafts before its imports are cleared. T his newspaper has been told the firm involved is under i nvestigation by Customs for the practice of transfer pricing or phony invoicing, where it either sets up a dummy comp any and reinvoices itself for all imported supplies, or uses u ndervalued invoices supplied by a foreign supplier. Either w ay, due duties and taxes are evaded. Mr Gomez told Tribune Business in December that under t he current legislative regime, "98 per cent" of cases in w hich businesses are believed to have sought to evade paying funds owed to the Customs Department are dealt with "in house" to avoid the time and expense involved in going to court, and the level of investigation required. Businesses are asked to pay up to a maximum $5,000 fine and are able to "walk out without anyone knowing". However, the Customs Chief expressed his disappointm ent with this system, which gives companies the benefit of n ever seeing their transgression brought into the public a rena. He said that under a new Customs Management Act i t is intended that firms which are found liable for customs e vasion will be named and shamed. Corruption costs Customs millions FROM page 1B INSIGHT For the stories behind the news, r ead I nsight o n Mondays

PAGE 15

Those days are long past, and Mr Vanderpool-Wallace told Tribune Business: What wered oing is really moving beyond that in terms of developing a structure for Civil Aviation, separating operations from regulation, putting manuals in place, and engaging people for the kind of regulatory oversight we need throughout the Bahamas. The minister explained that the Government had effectively extended the existing contract with Tim Neel & Associates, believing it had done a very good job and had tremendous experience in what was needed, especially given its familiarity with FAA requirements. The extended contract, he added, was set to last for just over a year, and was very specific in what it required of Tim Neel & Associates, especially in terms of training Bahamians, transferring knowledge, and ensuring training and maintenance is in place before they depart. They will be training the people to be able to manage it, and operate it, once they depart, Mr Vanderpool-Wallace said of the likely impact on Civil Aviation. The work they will be doing is vital, because one of the things, as you will know, is that in any organisation those persons operating the organisation should not be regulating themselves. Its a fundamental part of what needs to get done, and fundamental to the development of civil aviation. The International Civil Avi ation Organisation's (ICAO audit of the Bahamian civil aviation system's safety oversight regime, conducted early in 2009 but only published in 2010, found that the Civil Aviation Department's organizational structure "does not reflect in sufficient detail and does notc learly define the regulatory and safety oversight functions and responsibilities" in a number of key areas. It added: "Furthermore, the Bahamas has not established a distinct separation between the regulatory/safety oversight enti ties and the service providersi n the areas of air navigation s ervices (ANS (AGA "While the Flight Standards Inspectorate (FSI an impress fund to cover the cost for training, travel expenses and investigation of aircraft accidents and incidents, the Civil Aviation Department d epends entirely on State budget allocations to fund its operations, and its financial resources are not sufficient to enable it to fulfil the state's responsibility for safety oversight." Mr Vanderpool-Wallace yesterday described the developm ent of the Bahamian private and civil aviation sector as akin to expanding a nations road infrastructure, explaining that the industry played such a role in inter-island transportation here. If you live in an archipelago, theres nothing more i mportant than the interconnection between islands via air and sea, the minister explained. It is critical. You have to ensure you have good roads between land, and the air and sea are critical to our development. Tourism is critically important, because that is the path t o high-spending visitors, but this [air transport] is critical to GDP in terms of the overall development and growth of the country. Mr Vanderpool-Wallace said this would not happen withouta sustainable private and civil aviation sector, and the accomp anying regulatory oversight that was necessary. He explained that the Government was pursuing twin tracks to achieve its civil aviation objectives, with Tim Neel & Associates working on the f ine details, and Inter-American Development Bank (IDB looking at the bigger picture. Pledging that inter-island air and sea transportation in the Bahamas would be developed together, as part of a comprehensive overall strategy, rather than in isolation, Mr Vander pool-Wallace said the IDB would study the creation of s uch a system. Indicating that some of the Bahamas airports would become fully fledged, but others not so complete, the minister said the IDB would set out the rationale for this and the creation of multiple hubs and major aviation ports of e ntry in this nation. Its study will look at creating another hub for aviation in the southern Bahamas, and where to place it. Mr Vanderpool-Wallace added that the consultants would also develop an airport certification programme and o verseeing framework, something the Bahamas currently lacks. That is very much included, he said. We have a whole variety of airports throughout the Bahamas. That is part of the structure we are putting in place. Weve made some good p rogress. We like that. The ICAO found that the Bahamas had not certified any of the airports in this nation, leaving it in non-compliance with Annex 14 to the Chicago Convention. "At the time of the audit, the Bahamas has 19 aerodromes for international operations, 39 aerodromes for domestic operations and no heliports," the ICAO audit found. "Some aerodromes are in the process of developing an aerodrome manual. However, the Civil Aviation Department has so far not yet received any aerodrome manual for its acceptance or approval. "While most of the aerodrome operators have drawn up an airport emergency plan (AEP include all of the provisions of Annex 14 to the Chicago Convention. Additionally, the Civil Aviation Department has not ensured AEPs have been tested in compliance with Annex 14 of the provisions to the Chicago Convention. To remedy this state of affairs, the Bahamas pledged to draft an Aerodrome Certification and Operations Regulation to comply with the Chicago Convention, with all the necessary steps to achieve this supposed to be taken by September 30, 2010. An aerodrome certification process was supposed to begin by July 2010, the Bahamas agreeing with ICAO's findings, but it has clearly not been completed yet. B USINESS T HE TRIBUNE FRIDAY, MARCH 4, 2011, PAGE 5B COMMONWEALTH OF THE BAHAMAS 2010 IN THE SUPREME COURT Common Law & Equity Division CLE/qui/00775 IN THE MATTER OF the Quieting Titles Act, 1959 AND IN THE MATTER OF the Petition of BRENETTA MAE JOHNSON AND IN THE MATTEROF ALLTHATTract of land containing Five Thousand Three hundred and twenty-four square feet (5,324ing Lot Number 542 and situate on the North-Eastern junction of Moonshine Drive and Windward Isle Way In Golden Gates No. 2 Subdivision the Western District of the Island of New Providence, The Bahamas NOTICE The Petition of BRENETTAMAE JOHNSON of the Western District of the Island of New Providence one of the Islands of the Commonwealth of The Bahamas in respect of:ALLTHATTract of land containing Five Thousand Three Hundred and twenty-four square feet (5,324Lot Number 542 and situate on the North-Eastern junction of Moonshine Drive and Windward Isle Way In Golden Gates No. 2 Subdivision the Western District of the Island of New Providence, The Bahamas and bounded North by lot Number 541 and running thereon One Hundred (100.00South by a road reservation Moonshine Drive Thirty-six (36.00 the Petitioner and running thereon Fifty and Sixty-two (50.62 feet West by a road reservation, Windward Isle Way, Forty feet wide (40.00Mae Johnson claims to be the owner of the fee simple estate in possession of the said piece or parcel of land free from incumbrances. And the Petitioner has made application to the Supreme Court of the Commonwealth of The Bahamas under Section 3 of the Quieting Titles Act, 1999 to have titleto the said piece parcel or tract of land investigated and the nature and extent thereof determined and declared in a provisions of the said Act. NOTICE is hereby given that any person having a dower or right to Dower or an Adverse Claim or a claim not recognized in the Petition shall on before the expiration of Thirty (30 Court and serve on the Petitioner or the undersigned a Statement Adverse Claim on or before the expiration of Thirty (30days to such claim. inspected at: 1. The Registry of the Supreme Court, Nassau 2. The Chambers of Messrs Mangra & Co., No. 20 Parliament Street. Dated the 12th day of April, A.D. 2010 Mangra & Co. No. 20 Parliament Street Nassau, N.P. The Bahamas 52%(57:$6+,1*721 : ,//,$06RI3%R[*UHHQZRRG3DOP 6DQGLODQGV9LOODJH%DKDPDV 0 $5-25,(-26(3+RI 0 F&2//28*+&251(51$66$8%$+$0$6 23$/$116,021()(5*8621 RI366.LVVNDGHH'ULYH:HVW%D\1$66$8 %$+$0$6 127,&(0,1(5$/6$1'(7$/6(6285&(6 /,0,7(' 1RWLFHLVKHUHE\JLYHQWKDW 0,1(5$/6$1' 0(7$/65(6285&(6/,0,7(' D&RPSDQ\ UHJLVWHUHGXQGHU7KH,QWHUQDWLRQDO%XVLQHVV&RPSDQLHV $FWKDVEHHQGLVVROYHGDQGVWUXFNRIIWKH5HJLVWHU DVRIWKHWKGD\RI)HEUXDU\ 6DOLP.LZLUUD /LTXLGDWRU FROM page 1B Fundamental to Civil Aviations development decade, hitting 1.941 million stopovers in 2021. Predicting the impact of these visitors total spending, the WTTC said: The Bahamas is expected to attract 1.478 million international tourist (overnight visitor billion in visitor exports (foreign visitor spending, including spendi ng on transportation). By 2021, international tourist arrivals are forecast to total 1.941 million, an increase of 2.8 per cent per annum, generating expenditure of $3.038 billion. And, on the investment front, the Bahamian tourism sector was forecast to attract capital investment of $388 million during 2011, and is set to rise by 3.2 per cent per annum over the next decade to $529.6 million. This means that travel and tourisms share of total national i nvestment will rise from 16.5 per cent in 2011 to 17.4 per cent in 2021, the WTTC added. In relative terms, the Bahamas is the second most reliant nation in the world on tourism to provide direct employment, and the eighth most reliant on it for total jobs. Elsewhere, the Bahamas is the worlds sixth most reliant country on tourist spending for export earnings, as these account for 64.93 per cent of such inflows. And this nation is the 21st most reliant on travel and tourism investment as a percentage of total capital investment, since this accounts for 16.52 per cent of the total. A nd, when it comes to the tourism sectors direct and total contribution to GDP, the Bahamas was the worlds sixth and ninth most reliant, respectively, on the industry. 3% per annum tourism growth in next decade FROM page 1B M r Foulkes confirmed the meeting involved a discussion of the economic situation at the hotel, and it was agreed that executives would address staff today to advise them about the future direction and plans for the hotel. On Wednesday, The Tribune revealed that sources close to the matter had disclosed around 50 managerial and 150 line staff could be terminated from Our Lucaya in light of continually depressed business conditions at the property. The source said that tens of millions of dollars in losses were incurred in 2010, but a dded that the terminations come ahead of plans to rebrand and turn around the resorts fortunes. They are committed to making it work, said the source. Yesterday, attorney Obie Ferguson, also BHMA president, said he, too, met with the hotel and company executives on Tues-day and was told that there would be terminations, which he believed would take place in a phased manner. He said he would be surprised if word is given tomorrow about exactly which persons will be let go, as the BHMA had beenp romised by executives that the union would receive the list prior to any action being taken. They had undertaken they would get back to me as to the areas that would be affected. Once we are in receipt of that I indicated to them that we would wish to have a meeting with them about what is the best approach to take, Mr Ferguson said. He is hoping that based on the information about which individuals may be set for termination, he may push for voluntary disengagement to be offered to some instead. I have not yet received that information, so it makes it difficult for me to meet with them or meet with the 135 members, said Mr Ferguson. He added that he had not been made aware at the meeting that any announcements were to be made today, as The Tribunes sources maintain. Attempts to obtain a comment from Our Lucaya executives yesterday regarding the impending staff reductions were unsuccessful, as messages went unreturned. A message left forpresi-d ent of the Bahamas Hotel, Catering and Allied Workers Union, Nicole Martin, which represents line staff at Our Lucaya, was also not returned. Minister affirms adjustments at Our Lucaya hotel FROM page 1B

PAGE 16

GABRIELE STEINHAUSER, AP Business Writer BRUSSELS The next three weeks will be crucial for Europe to finally get a grip on the debt crisis that has crippled its currency union and to set up stronger foundations for when it is past the storm. A series of EU summits this month kicks off Friday in Helsinki, where the eurozone's conservative leaders will wrestle over how much of their sovereign economic decision-making they are willing to sacrifice for the sake of a more stable euro. The debate will culminate on March 25, when heads of state and government hope to seal the "comprehensive solution" to the crisis they have promised to the markets. At the center of the debate are demands for stricter budget rules and economic reforms from strong economies like Germany and the Netherlands pitched against pleas for more help and leniency from the currency union's weaker members. But as the meetings get under way, divisions are growing about what to do and how quickly. In particular, Germany is reluctant to spend on direct support for weaker countries' bond markets, which the European Union's executive Commission and the European Central Bank are pushing for. In the middle of all that, European regulators are studying how to design new stress tests for banks, whose troubles are central not only to the problems in Ireland but also to any action on sovereign debt. "There are so many balls in the air right now," said Carsten B rzeski, senior economist at ING in Brussels, adding that the wealth of issues might make it difficult for governments make ambitious decisions. The clashing positions among eurozone countries will be obvious in Helsinki, even though all attendees are members of the same European People's Part y, the center-right bloc in the European Parliament. There is Germany's Angela Merkel, who is reluctant to put up more money to help less disciplined countries; Enda Kenny, Ireland's prime minister in waiting, who is not only demanding lower interest rates on the c ountry's bailout but has also raised the idea of making senior bank bondholders take losses; European Commission President Jose Manuel Barroso, who has called for broader powers and more money for the region's bailout fund; and Yves Leterme, the caretaker leader of Belgium who is in no position to give up on his country's treasured system of inflationlinked wage increases, as demanded by Germany. And that cast of characters does not even include the center-left leaders of Spain, Portugal and Greece each struggling with their own crises. Faced with such division, analysts increasingly expect a watered-down deal by the end of the month that falls well short off the overhaul of the eurozone's crisis strategy that had seemed tangible just weeks ago. Despite sustained high borrowing costs for Portugal, seen as the most likely candidate to follow Greece and Ireland in seeking an international bailout, the sense of urgency appears to have eased in markets and therefore some governments at least for the moment. "The Europeans are doing big things always under big market pressure and right now there is no big market pressure," said Zsolt Darvas, a research fellow at Brusselsbased think tank Bruegel. The decisive player over the next three weeks will be Germany. Merkel, struggling at home, has set her hopes on a so-called "pact for competitiveness," which could give her something in return for extending more help to the eurozone's stragglers. Originally, Berlin had demanded that eurozone countries improve their economic performance through unpopular measures like getting rid of automatic inflation-linked wage increases and agreeing on a common base for corporate taxation. However, over the past month those measures have been softened by separate proposals from the Commission and EU Council President Herman Van Rompuy, which would leave governments with vague commitments to create limits to national deficits and make pension systems more sustainable. On the pact, "we will get some nice statement, agreeing on the common goals," said Brzeski. Firm targets or even sanctions for breaking rules are unlikely, he said. B USINESS T HE TRIBUNE FRIDAY, MARCH 4, 2011, PAGE 7B 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.130.95AML Foods Limited1.041.040.000.1230.0408.53.85% 1 0.639.05Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 5.754.40Bank of Bahamas4.404.500.103,5000.1530.10029.42.22% 0 .530.17Benchmark0.180.180.00-0.8770.000N/M0.00% 2.842.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2 .201.96Fidelity Bank1.961.960.000.0160.040122.52.04% 12.409.44Cable Bahamas10.2110.210.001.0500.3109.73.04% 2.852.35Colina Holdings2.402.400.006800.7810.0403.11.67%7 .005.80Commonwealth Bank (S1)6.806.800.000.4880.26013.93.82% 2.861.90Consolidated Water BDRs2.132.200.070.1110.04519.82.05% 2 .541.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.505.25Famguard5.255.250.000.3570.24014.74.57% 9.275.88Finco6.255.88-0.372,0000.6820.0008.60.00% 11.408.77FirstCaribbean Bank9.399.390.000.4940.35019.03.73% 6.004.57Focol (S)5.485.480.000.4520.16012.12.92%1 .001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.50ICD Utilities7.407.400.000.0120.240616.73.24% 10.509.80J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 5 2wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 9 9.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 5 2wk-Hi 5 2wk-Low S ymbol B id$ A sk$ L astPrice D ailyVol E PS$ D iv$ P /E Y ield BISX LISTED & TRADED SECURITIES AS OF:7% I nterest 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6 .95%20 November 2029THURSDAY, 3 MARCH 2011B ISX ALL SHARE INDEX: CLOSE 1,457.67 | CHG -4.22 | %CHG -0.29 | YTD -41.84 | YTD % -2.79BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)M aturity 19 October 2017F INDEX: YEAR END 2008 -12.31%30 May 2013 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 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 Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.95272.8300CFAL MSI Preferred Fund2.95270.18%1.61%2.918697 1.58371.5141CFAL Money Market Fund1.58370.61%4.59%1.564030 3.20252.8522Royal Fidelity Bahamas G & I Fund2.7049-0.56%-15.54% 13.638813.0484Royal Fidelity Prime Income Fund13.41640.44%-0.10% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.14651.0000FG Financial Preferred Income Fund1.14655.20%5.20% 1.11851.0000FG Financial Growth Fund1.11854.73%4.73% 1.14911.0000FG Financial Diversified Fund1.14915.35%5.35% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.79504.85%5.45% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6417-1.20%0.50% 10.12669.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.12661.27%1.27% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.45100.72%9.95% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX 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 7/11/200731-Jan-11BISX Listed Mutual FundsNAV Date 30-Nov-10 31-Dec-10 31-Jan-11CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Nov-10 30-Sep-10 31-Jan-11 11-Feb-11 31-Jan-11MARKET TERMS31-Dec-10 NAV 6MTH 1.475244 2.910084 1.545071 107.570619 105.776543 30-Jun-10 31-Dec-10 30-Nov-10 31-Jan-11 DAVID K. RANDALL, AP Business Writers MATTHEW CRAFT,AP Business Writers NEW YORK Stocks jumped higher Thursday after an unexpected drop in new applications for unemployment benefits and higher February sales reports from retailers. The Labor Department said first-time claims for unemployment benefits fell to 368,000. That's the lowest level for claims since May 2008. Economists had expected them to rise. Separately, the Institute for Supply Management reported that its measure of hiring by service companies rose to the highest level since April 2006. The index covers a broad range of industries including retail, health care and financial services. The signs of job growth followed a report Wednesday from payroll processor ADP that said that private employers are added more jobs than expected last month. Those gains are helping to raise expectations that Friday's jobs report will show that theu nemployment rate fell from its current level of 9 percent. The Dow Jones industrial average gained 207 points, or 1.7 percent, to 12,273 in afternoon trading. It was the biggest rise in the Dow since Dec. 1. The Dow is still below where it was trading on Feb. 18, before a three-day plunge caused by a surge in oil prices as the unrest in Libya deepened. The Standard & Poor's 500 index rose 22, or 1.7 percent, to 1,330. All 10 company groups that make up the S&P index rose. Industrial companies had the largest gain, with 2.6 percent. Caterpillar Inc. gained 3 percent, the largest i ncrease among the 30 stocks that make up the Dow average. The Nasdaq composite index gained 53, or 1.9 percent, to 2,801. The drop in unemployment claims pushed Treasury prices low er, raising their yields. The yield on the 10-year note rose to 3.57 percent, up from 3.48 percent late Wednesday. Retailers Limited Brands Inc., Macy's Inc. and Nordstrom Inc. all reported gains over the same time last year. Wendy's/Arby's Group Inc. trimmed its losses in the fourth-quarter and beat analysts' revenue estimates. The stock rose 5 percent. Oil prices eased slightly, but remained just above $100 a barrel. Concerns over the impact of high oil prices on the U.S. economy have rattled markets over the past two weeks. Crude settled above $102 on Wednesday for the first time since September 2008. A look at economic developments and activity in major stock markets around the world Thursday: ___ LONDON The European Central Bank's chief shocked markets by saying interest rates could be raised as soon as the next policy meeting in April far earlier than expected to fight inflation across the 17-nation eurozone. Speaking after the bank left its main interest rate unchanged at the record low of 1 percent, President Jean-Claude Trichet said "strong vigilance" was warranted and that an interest rate increase next month was "possible" though "not certain." ___ LONDON Stocks regained their composure thanks to a drop in oil prices and hopes that U.S. employment is picking up. In Europe, the FTSE 100 closed up 1.5 percent at 6,005 while Germany's DAX rose 0.6 percent to 7,226. The CAC-4o in Paris ended 0.7 percent higher at 4,060. ___ LONDON Retail sales in the 17 countries that use the euro rose in January for the first time in six months, official figures showed, in a tentative sign that consumers are finally confident enough to pick up spending. ___ TOKYO In Asia, South Korea's Kospi Composite Index, rose a hefty 2.2 percent to 1,970.66 after the government said industrial output grew for the 19th straight month in January, while Japan's Nikkei 225 stock average climbed 0.9 percent to 10,586.02. Hong Kong's Hang Seng index was 0.3 percent higher to 23,122.42 but mainland Chinese shares fell as profit taking in the afternoon offset morning gains. The benchmark Shanghai Comp osite Index lost 0.4 percent to 2,902.98, while the Shenzhen Composite Index lost 1.6 percent to 1,272.00. __ PARIS France's state statistics office says unemployment fell slightly in the fourth quarter of 2010 to 9.6 percent. The figure was below the 9.8 percent joblessness rate in the third quarter, but remains above pre-financial crisis levels. ___ MADRID Spain raised euro3.8 billion ($5.25 billion o versubscribed auction of 3and 5-year bonds but at higher interest rates that reflected investor worries over public finances in Europe. G LOBAL E CONOMIC N EWS A SSOCIATED P RESS Eurozone at critical juncture in debt crisis ( AP Photo/Michael Sohn) CRITICALTIME: German Chanc ellor Angela Merkel arrives for the weekly cabinet meeting att he chancellery in Berlin, Germ any, Wednesday. Stocks leap higher as hope builds for job recovery n n WALLSTREET the 2009-2010 fiscal second quarter total of $40.761 million. This equated to a 30 per cent decline. Over the two quarters from July to December, there was an over all 75 per cent decline when compared with the value of construction starts in the same period in 2009. The number of building permit approvals (117 mit values ($114.432 million ter declined by 27 per cent and 32 cent respectively, as compared to the same period last years. The second quarter reported increases in both categories (368 a 42.6 per cent increase, and $119,974 million a 7.7 per cent increase respectively) over the last fiscal years second quarter statistics. Mr Grant noted that there were increases of 2.3 and 6.2 per cent in the number of buildings completed during the two quarters over the previous year. Building completion values totaled $111.147 million for the first quarter and $119.171 million, with significant increases of 83 per cent and 58.5 per cent respectively over the same period during the previous year, said Mr Grant. He said that despite the decline in construction starts at the end of last year, the Government is confident that this trend will be reversed during the course of this year, with the anticipated boost to the economy created by new large scale construction projects Foremost among new projects launched during the first half of the 2010-2011 fiscal year, that should have significant positive economic impact when construction commences this year, are the JFK Airport Gateway Project and the Baha Mar Redevelopment Project, he said. BIG C ONS TR UCTION START DECLINE IN 2010 2ND HALF FROM page 1B

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B USINESS P AGE 8B, FRIDAY, MARCH 4, 2011 THE TRIBUNE ANNE D'INNOCENZIO, AP Retail Writer NEW YORK Strong February sales at stores up and down the prices pectrum, from J.C. Penney to Saks, show that a broad range of shoppers are feeling more comfortable about the economy. The question is whether rising gas, food and clothing prices will reverse the trend this spring. Retailers on Thursday reported surprisingly strong revenue gains for February. The International Council of Shopping Centers' index of 28 retailers rose 4.2 percent compared with the same month last year. That was well above the trade group's projections for a 2.5 percent to 3 percent increase. The gain follows a 4.7 percent increase in January and the best holiday season since 2006. The figures are based on revenue at stores open at least a year, a key indicator of a retailer's health because it excludes the effects of stores that open or close during the year. February started slowly for merchants because snowstorms kept some shoppers home. As the month went on, weather improved, perking up sales of spring clothing. "The underlying (spending trend is quite good," said Scott Hoyt, senior director of consumer economics for Moody's Analytics. "But increasing costs on basic necessities (are growing constraint on household budgets. The question we don't know is: By how much?" Thursday's results show a broader range of shoppers is benefiting from the economic r ecovery, said Michael P. Niemira, chief economist at the I nternational Shopping Centers. Among retailers beating forecasts were Victoria's Secret parent Limited Brands Inc.; moderate-priced department stores J.C. Penney Co., Macy's I nc. and Kohl's Corp.; teen clothing seller Wet Seal Inc; a nd warehouse club operator Costco Wholesale Corp. Luxury retailers including Saks Inc. saw surging sales as the affluent kept spending, encouraged by a rallying stock market. T here were only a few stragglers. Discounter Target Corp. and clothing chain Gap Inc. both missed expectations, with Target reporting a small increase and Gap a decline. Wal-Mart Stores Inc., the world's largest retailer, no longer reports monthly sales. Consumer spending outside retail has shown signs of s trength as well. On Tuesday, automakers reported doubledigit sales gains for February, extending a recovery that started late last year. The improving economy is fueling the growth. Consumer confidence in February rose to its highest point in more than three years, according to the Conference Board. B ut the positive economic news isn't dispelling worries about rising prices. Analysts say more price shocks could scare c onsumers, especially lowand middle-income people, into pulling back on spending. Clothing makers are raising prices on everything from underwear to jeans. Supermar-k ets are beginning to pass along rising costs for dairy, meat and other items. But gasoline is most worrisome. The turmoil in Libya and the oil markets have pushed the national average for gasoline to $3.427 per gallon, up 30 cents since Feb. 15. Prices will reach $3.50 to $3.75 by spring, some analysts say. If they hit $4, shoppers will c hange their habits, said Ken Perkins, president of RetailMetrics. They'll cut back on discretionary purchases and make fewer trips to the mall. Another challenge for retailers in March will be a late Easter. It doesn't fall until April 24, three weeks later than last year. That calendar quirk is expected to shift sales of holiday items such as candy and children's dresses from March to April, d epressing business this month. Analysts look at the two months combined to judge spring selling. Meanwhile, many retailers, including Macy's, Kohl's and J.C. Penney, say they're raising prices on clothing as costs rise, especially for cotton, and demand improves. J.C. Penney officials said Frid ay that the company tested price increases last year to find out what shoppers were willing to pay. The company said it was m ore successful with price increases on more expensive brands. "Our strategy is to walk prices up thoughtfully at rates we believe will be supported by consumers," said MichaelC asey, CEO of Carter's Inc. in an address to analysts Wednesday. The maker of Carter's and OshKosh B'gosh children's clothing said it increased prices at its stores by 5 percent this spring. It's still unclear how the rising clothing prices will affect shoppers' willingness to spend. "We have not had a sufficient read on consumers' react ion to our higher prices," Casey said, "particularly the more significant increases planned for fall." Shoppers show strength in February; gas hikes loom ALESSANDRA RIZZO, Associated Press ROME Global food prices have reached their highest point in 20 years and could increase further because of rising oil prices stemming from the unrest in Libya and the Mideast, a U.N. agency warned Thursday. Skyrocketing food prices have been among the triggers for protests in Egypt, Tunisia and elsewhere, and raised fears of a repeat of the food price crises in 2007 and 2008. Some experts point to key differences compared to those years: for one, the price of rice, an important food security commodity, is much lower today. Still, Oxfam called the hike "deeply worrying." The Food and Agriculture Organization said in a statement that its food price index was up 2.2 percent last month, the highest record in both real, inflation-corrected terms and nominal terms since the agency started monitoring prices two decades ago. (AP Photo/Orlin Wagner, file NEWHIGH: In this June 11, 2010 file photo, wheat stands against a setting sun near Isabel, Kan. A U.N. food agency said Thursday, March 3, 2011, that global food prices reached new highs in Februa ry and warns that oil price spikes could provoke further increases. UN: FOOD PRICES HIT A RECORD HIGH IN FEBRUARY INTERNATIONAL BUSINESS