Citation
The Tribune.

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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University of Florida
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University of Florida
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9994850 ( OCLC )

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Full Text
PAGE 4B, FRIDAY, MARCH 25, 2011

THE TRIBUNE





Airline sees ‘off the chain’ 40% growth

FROM page 1B

explained, were “maxed out”
in terms of having no surplus
aircraft capacity, hence the
need for Sky Bahamas to
expand its fleet from five to








six planes. The carrier, which
has expanded rapidly to a
staff of 96-97 persons, and a
monthly wage bill touching
$190,000, is now assessing
potential additional routes
from Nassau to both Palm

Beach and Orlando, plus a
direct flight between Fort
Lauderdale and Cat Island.
Captain Butler said the air-
line’s services between Nas-
sau and Fort Lauderdale were
likely to commence on May

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being eyed. Apart from the
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already links Nassau with
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WHEREAS, The Bahamas National Drug Council has, over the past Twenty-Five (25)
years, developed and execuled Outreach Programmes and Projects to help, advise, shelter,
provide custodial care and other social services in demonstration of a national commitment to ils

OPEN: MON - FRI 7:30 am - 4:30 pm * SAT 8:00 am - 12 noon
TS a REMC etme

PROCLAMATION

voluntary duties of promoting a Drug-Free Society in The Commonwealth of The Bahamas;

AND WHEREAS, the said Council recognizes that the incidence of drug abuse can be
eliminated through institutional cooperation, supportive individuals and communilies, a5 well as the

Marsh Harbour, Cat Island,
Georgetown (Exuma) and
San Salvador.

Captain Butler, though,
urged the Government to
tackle the wide variations in
aviation fuel prices between
different Bahamian islands,
pointing out that as global oil
prices rose, fuel costs were
becoming a “huge burden” to
his business.

Aviation fuel costs had
increased by 38.5 per cent
over a six-seven month peri-
od, growing from an average
$2.96 per gallon in Septem-
ber 2010 to $4.10 now, send-
ing Captain Butler’s fuel bill
soaring from around $164,000
in the former month to
around $250,000.

Noting that Nassau’s avia-
tion fuel costs, for example,
had stood at around $3.50 per
gallon when compared to the
$5-$6 price in Freeport, Cap-
tain Butler urged the Gov-
ernment to deal with the situ-
ation.

Sky Bahamas had just sent
a $52,000 cheque to Freeport
to deal with gasoline and oth-
er aviation costs.

He added that aviation fuel
was not price (mark-up) con-
trolled, like domestic gaso-
line, although the Govern-
ment obtained taxes on it at
both the port of entry and a
further $0.07 per gallon at
Lynden Pindling Internation-
al Airport (LPIA).

To grow its young Fort
Lauderdale business, Captain
Butler said Sky Bahamas was
moving to partner with travel
agencies, place focus on a
partnership with the Our
Lucaya resort and associated
casino in Freeport, and look
at Junkanoo charters and the
like.

The exploitation of festi-
vals, such as the Long Island
Rake and Scrape, and other
homecomings was also on the
menu.

4 } ans sh te
ahamas National pins er

administration of preventative measures in various forms of discipline, education, wholesome and
healthy activities and through effective interdiction effaris by the Law Enforcement Agencies;

AND WHEREAS, the said Council also recognizes the importance of demand reduction in
building healthy communities and accordingly, has set as its Theme: “Embracing Drug
Prevention Education through Dialogue and Partnership";

AND WHEREAS, The Bahamas National Drug Council, in pursuit of ils objectives, has
glanned a month of activities to focus public attention on and to engage further support for ats
ongoing endeavours tp restore human dignity, morality, spiritual intagrity and societal norms in
families and communities;

NOW, THEREFORE, |, Hubert A. Ingraham, Prime Minisier of The Commonwealih of
The Bahamas, do hereby proclaim the month of March, 2017 “NATIONAL DRUG COUNCIL
MONTH":

IN WITNESS WHEREOF, | heave:
hereunto set my Hand and Seal
this isi dayot March, 2011

L



HUBERT ‘A. ING 3

PRIME ee.

yO SEH EARUIAIE

Christian Massive

When it came to Family
Island airport development,
Captain Butler suggested that
if a particular island had mul-
tiple airports, just one should
be developed as an interna-
tional port of entry, with the
others used as domestic avia-
tion feeders.

He added that leasing Exu-
ma’s airport to Sandals, given
the facility’s importance to its
Emerald Bay resort, should
also be explored since it
would also reduce the finan-
cial burden on the Govern-
ment.

However, Captain Butler
warned that the Bahamas
faced “great exposure” from
the fact that that it had “no
certification system” for build-
ing an airport in this nation.

This, he added, could
potentially jeopardise the
$409.5 million LPIA redevel-
opment, as the International
Civil Aviation Organisation
(ICAO) “requires that the
Bahamas Government have
laws and regulations in place
to govern the building, mod-
ernisation and operation of
airports”.

And environmental issues,
of which the UK’s Air Pas-
senger Duty (APD) tax is but
one example, are set to
impact aviation further, Cap-
tain Butler warned.

While technology and more
efficient fuel burning might
address the problem, Captain
Butler said noise pollution
from aircraft would continue
to be an issue, with US cities
such as Fort Lauderdale and
Palm Beach preventing take-
offs prior to 7.30am in the
morning.

Asked whether Sky
Bahamas would look at going
public, Captain Butler said
the airline’s shareholders felt
it was better to build-up the
company’s strength first, with
this objective set to be
assessed long-term.

—— *' a P

a [

be

=
a
ee 4 â„¢
i 1 -





Kevin McKenzie

Her Majesty's Prison Pop
Band

Royal Bahamas Defense
Force Pop Band

Various Gospel Groups



THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 5B



Bahamas waits on OECD's tax peer review

FROM page 1B

Beach yesterday.

“If there’s no issue raised by any
member within the three to four-week
period, then shortly thereafter the
review will be published. If issues are
raised then the matter is sent back,
and the assessed jurisdictions get back
together to work out whatever issues
need to be worked out.”

Ms Bethel was in Paris earlier this
month representing and “defending”
the Bahamas’ tax information
exchange regime at the Peer Review
Group (PRG) meeting.

The PRG was set up to conduct in-
depth monitoring and review of the
implementation of the standards of
transparency and exchange of infor-
mation for tax purposes.

Each country, including the
Bahamas, will ultimately undergo two
phases of review. Phase I sees each
country’s legal and regulatory frame-
work on tax information cooperation
assessed, while Phase II looks at the
effectiveness of the implementation
of these laws and regulations in facili-
tating tax information transparency.

The Bahamas was assessed on “10

essential elements” relative to inter-
national tax cooperation during the
Phase I review, said Ms Bethel.

These touch upon the availability
of tax-related information, the acces-
sibility of such information and the
mechanisms for the exchange of that
information.

The review notes whether each ele-
ment in question is in place, not in
place or is “in place but needs
improvement”. Information that may
be requested includes that deemed
“foreseeably relevant” to a tax author-
ity in the requesting country, or those
agencies involved in the administra-
tion and enforcement of domestic tax
laws.

Among the steps which will be tak-
en into account as part of the review
process are the signing of some 24 Tax
Information Exchange Agreements
(TIEAs) to date by this nation - 12
more so far than the initial dozen tar-
get that was required by the OECD to

be removed from its 2009 “name and
shame” list of financial centres deemed
either non-cooperative or not fully
cooperative with international tax
transparency standards.

“The Global Forum’s views will be
significant because the G-20 has an
interest, and certainly, if the review is
negative, then obviously the method-
ology requires us to seek to improve
whatever deficiencies have been iden-
tified within set timeframes. The G-
20 is the principle driver and you don’t
know to what extent a deficient system
may be regarded as a opportunity for
some countries to impose defensive
measures,” the Ministry of Finance
adviser said.

Mrs Bethel noted the “very nega-
tive” review received by Barbados last
year as an outcome the Bahamas
would be hoping to avoid when its
Phase I review is published.

“They got a very negative review,
and I think it was of deep concern to

them because I think they felt it would
affect their perception, their ranking,
as a financial centre that meets the
minimum standards, so that, ultimate-
ly, is something any jurisdiction has
to be concerned about,” Ms Bethel
said.

Phase II of the review is set to be
conducted in July 2012, and will see
members of the Peer Review Group
come to the Bahamas to speak with
the “competent authority” - in the
Bahamas’ case, the Ministry of Finance
- about the implementation of tax
information cooperation measures, in
addition to meeting with private sector
bodies such as the Bahamas Financial
Services Board (BFSB), Bahamas
Institute of Chartered Accountants
(BICA), Bar Association and others.
Commentary from other Global
Forum members on “how responsive”
they find the Bahamas to be to
requests for tax information, “and the
quality of those responses”, will also be

assessed. Ms Bethel said it is important
that such professional bodies take time
to educate their members about the
provisions the Bahamas has made to
bring itself up to par with internation-
al standards in tax information
exchange.

“They will be here interviewing and
cross-interviewing all of the relevant
entities, and they will go back and
write their report. The worst thing is if
you get a report where the private sec-
tor is saying one thing and the public
sector is saying something different.
Each of the stakeholders should have
an understanding of what the regula-
tory framework is,” she added.

Ms Bethel added that such moni-
toring and peer review in relation to
tax information exchange “are here to
stay”.

“We are seeing increased monitor-
ing by external agencies to ensure that
these standards are being implement-
ed, that there is no roll back of stan-
dards and that they are operating
effectively. We are a part of this glob-
al game and we have to conform to
these global rules,” Ms Bethel said.

FROM page 1B

Peering more deeply into
the taxation issues, Captain
Butler noted that CARI-
COM’s secretary-general had
described the UK’s APD tax
as “discriminatory”, as it
taxed the development of the
Bahamas and Caribbean by
raising costs for investors and
visitors alike - through apply-
ing a higher rate than to US
west coast destinations and
Hawaii.

These statements, Captain
Butler suggested, could also
be applied to the Bahamas in
the context of the tax burden
on domestic aviation opera-
tors. While NAD appeared
satisfied this nation would
remain competitive despite
the $0.13 per seat charge
applied to airline passenger
tickets, the Sky Bahamas chief
said the Bahamas had a
“unique product” in the sense
that air travel was the only
way to reach the Family
Islands.

AIRLINE'S TAX
BILL $1.597M

Pointing out that there was
“no way to benchmark on the
domestic side”, Captain But-
ler said passengers transiting
Lynden Pindling Internation-
al Airport (LPIA) were effec-
tively being ‘double taxed’
through having to pay this fee
in their tickets twice.

This, Captain Butler sug-
gested, was “discriminatory”
and could help “impede”
Family Island development,
as it countered the goal of
providing affordable, high
quality air transportation.

“Most of the islands depend
on tourism, and the only way
to get there is through avia-
tion,” Captain Butler said,
adding that this was also the
only way for Family Islanders
to access schools, hospitals
and services taken for granted
in New Providence.

He also recalled how Gulf-
stream Airlines, the foreign
carrier that recently went into
Chapter 11 bankruptcy,
received $500,000 for route
development from the Out
Island Promotions Board,

contrasting this with the fact
Bahamian-owned carriers had
received no such financial
assistance.

Out of the $10 per passen-
ger facility user fee levied by
NAD, some $5 went to LPI-
A’s development, but Cap-
tain Butler said domestic
Bahamian-owned carriers had
yet to receive any benefits
from the redevelopment yet
as the domestic terminal was
the last phase scheduled to
take place. As a result, he
likened the passenger user
facility fee to “paying for your
house before you live in it”.

And Bahamian airlines
were also paying fees for a
non-existent service - elec-
tronic baggage screening for
domestic flights. “We don’t
mind paying for services if
we're going to get it,” Cap-
tain Butler said, adding that
NAD’s response when
queried about the security
screening fees was to state
they were only collecting it
for the Airport Authority.

Bahamasair must ‘top
the list’ for privatisation

FROM page 1B

incurred more than $450 mil-
lion in accumulated losses
since inception - ‘ticked all
the boxes’ if the Government
was looking for another asset
to sell to the private sector.

“In my mind, why not
Bahamasair?” questioned
Captain Butler, addressing
the Rotary Club of West Nas-
sau. “If you carry out all the
tests for privatisation,
Bahamasair should be top of
the list.

“Bahamasair has been very
good to us, but is it still living
up to its mandate of bringing
tourists to the Bahamas?........
Bahamasair has seven planes,
and when you look at their
schedules and routes, you
know the planes are going to
be late, because they cannot
keep up.”

Captain Butler suggested
that once Bahamasair’s debt
and solvency deficiency (lia-
bilities exceeding assets) were
addressed, any purchaser or
a privatised national flag car-
rier should focus on convert-
ing it into an international
long-distance airline, with the
primary role of bringing
tourists into this nation’s
international airports from all
over the world.

A major fleet restructuring
would also be required, the
Sky Bahamas chief executive
added, with Bahamasair con-
verted from a largely turbo
prop-based fleet to one fea-
turing jets. It would partner
with smaller, privately owned
Bahamian airlines who would
transport visitors to their cho-
sen Family Island destinations
once they arrived in Nassau
or Freeport.

He explained: “If it’s
[Bahamasair] going to con-
tinue with the tourism prod-
uct, we’re going to have to see
what happens with the islands
and the tourism product, and
get the appropriate planes.

“Tt’s going to have to look
at disposable income coming
from Europe and North
America, and contract with
domestic carriers to feed
them, once they figure out the
debt.” However, the Sky
Bahamas chief suggested that

“the business plan for the air-
line does not match the busi-
ness plan from the Govern-
ment.”

Noting that Bahamasair no
longer served destinations
such as Cat Island and
Andros, Captain Butler con-
trasted the $300,000 that Sky
Bahamas gave away to the
likes of scholarships, charities
and Family Island events with
what he claimed was the total
lack of involvement by the
national flag carrier in such
activities.

Emphasising that Sky
Bahamas and other Bahami-
an privately-owned domestic
aviation carriers were not
seeking hand-outs or subsi-
dies from the Government,
Captain Butler said the sec-
tor wanted the administration
to “just facilitate the things
we need to do”.

“Because of the lack of a
strategic plan going forward,
from day to day we do not
know what is going on, and
because the Government is
both operator and regulator,
the game is fixed,” the Sky
Bahamas chief said.

“While I have to pay my
light bill on time or I would be
in darkness, while I have to
pay my phone bill on time or
be quiet, while I pay NIB and
my Business Licence on time,
Bahamasair gets soft loans.”

Captain Butler again
alleged that promotions such
as Bahamasair’s “March Mad-
ness’ campaign were anti-
competitive because they
effectively represented preda-
tory pricing, selling tickets
“below market” value safe in
the knowledge that its rivals
could not follow suit, and that
it would be protected by its
taxpayer subsidy.

“Why are we getting that
from a government airline,”
Captain Butler said, ques-
tioning the strategy behind
such a move. However, Neko
Grant, the minister responsi-
ble for Bahamasair, and mem-
bers of the airline’s Board and
management, have all in the
past vigorously denied that
these promotions are akin to
predatory pricing.

Still, the Sky Bahamas chief
executive yesterday said
Bahamasair’s heavy dis-

counting had impacted the
market, with fellow carrier
Western Air dropping its tick-
et prices this month in
response.

He, though, had chosen not
to follow suit because Sky
Bahamas simply could not
afford to do so, and the airline
had responded by concen-
trating on customer service.
“People have had to under-
stand this is what it costs,”
Captain Butler said.

Noting the vital role that
Bahamian-owned airlines
played in fostering growth

and development, particular-
ly in the Family Islands by
getting tourists there, Captain
Butler said: “We need a gov-
ernment with the political will
saying we’re going to look at
this aviation industry, and say
it’s not a luxury but an essen-
tial service. We will pay our
way, but will not accept dou-
ble or triple taxation.

“We are restoring develop-
ment of the islands, but I can’t
pass it [taxes] on because I
have a competitor that is the
national flag carrier.”

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NOTICEIS HEREBY GIVEN as follows:

(a) MORITZKA LIMITED is in voluntary dissolution
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The Liquidator of the said company is Manex

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Dated this 25th day of March, A. D. 2011



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NOTICE

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In Voluntary Liquidation

Notice is hereby given that in accordance with Section
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MANAGEMENT
OPPORTUNITY:

COMFORT SUITES PARADISE ISLAND is
considering highly qualified applicants for the role
of Sales Manager

Responsibilities & Requirements:

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* Possess the ability to conceptualize, design
and develop marketing strategies for private
and public sector corporations and social/
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¢ Must be able to originate and implement
strategies, technologies and action plans for
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* Must be able to establish, maintain and
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¢ Facilitate the development of Sales/catering
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¢ Excellent written and oral communication
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Suitably qualified candidates need only apply.
Salary is commensurate with experience and
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PAGE 6B, FRIDAY, MARCH 25, 2011

THE TRIBUNE



=
‘Astounded' at negative perceptions of Bahamas

FROM page 1B

“T took that opportunity,
nonetheless, to walk them
through a set of comprehensive
slides on what our regulatory
framework looks like, what it
requires, how it meets the inter-
national standards, and I think
they were astounded.”

The event Ms Bethel spoke
at was the 16th Annual Inter-
national Money-Laundering
conference, hosted by Money-
laundering.com in Hollywood,
Florida, which brought togeth-
er compliance officers, auditors,
law enforcement officials, reg-
ulators and others.

At a seminar organised by
the Institute of Internal Audi-
tors at Breezes Superclub yes-
terday, Ms Bethel said that rais-
ing international awareness of
the steps taken by this nation to
bring its legislative and regula-
tory framework into line with
international standards - and
go beyond, in some instances -
should now be a major focus
for both public and private sec-
tor stakeholders if the Bahamas

is to grow its financial services
sector in a competitive global
environment.

“T think it’s extremely impor-
tant that the robustness, and
the fact that we meet these
standards, is a message that we
are continually getting out there
from credible sources that are
not necessarily ones that are
perceived as promoters of busi-
ness activities in the Bahamas,
but from persons like myself,”
Ms Bethel said. “who work in
the policy and regulation area,
who can explain clearly what
the regulation framework is,
what the rules are to tax infor-
mation exchange, transparen-
cy issues or supervision and
how these compare to global
standards.

“T think there’s a greater
reinforcement if it is coming
from those developing the rules
than those who are subject to
the rules.

“We've had 10 years trying
to settle the dust. We now need
to focus on this in order to sus-
tain ourselves and to grow the
business in the Bahamas,
because that creates the cer-

tainty that encourages persons
to look at the Bahamas as a
viable place to do business”
said Ms Bethel, in an interview
with Tribune Business.

TIEAs create “avenues for
strengthening and growing
trade relations with other
economies”, said Ms Bethel,
adding that some countries
have in the past “penalised” cit-
izens who may have had
income accruing in place like
the Bahamas in the form of
higher tax rates, as they were
unable to ascertain what addi-
tional taxable income the indi-
vidual may have.

“With the introduction of
TIEAs, that lack of trans-
parency is removed, so there is
the opportunity to discuss much
broader and deeper trade rela-
tions, as it relates to foreign
direct investment and joint ven-
tures,” suggested Ms Bethel.

The attorney yesterday
updated the Institute of Inter-
nal Auditors on the steps the
Bahamas has taken to meet
international standards, includ-
ing having signed 24 Tax Infor-
mation Exchange agreements

(TIEAs) to date - 12 more than
the dozen that were required
in 2009 to be removed from the
OECD “grey” list of not fully
compliant financial services
jurisdictions.

Some 14 of these agreements
are currently in force - with the
US, UK, China, Australia,
Mexico, the Netherlands, Nor-
way, Sweden, Finland, Den-
mark, the Faroe Islands, India
and Monaco. In the case of the
remainder, The Bahamas has
done “all we need to do to
bring the TIEAs into law” and
now awaits its partner countries
to do the same in order that
they, too, can be fully imple-
mented.

The TIEAs have been
enabled in law by the passing of
the International Tax Cooper-
ation Act 2010 and the
Bahamas US TIEA Act, 2003.

Meanwhile, five more TIEAs
are pending, and given the
direction the OECD/G-20 have
moved in - suggesting that
countries should in fact sign
TIEAs with “any relevant part-
ner” - more are on the way.

i

NOTICE

ENGEL EAST INVESTMENTS LTD.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies Act.
2000, ENGEL EAST INVESTMENTS LTD. is in
dissolution as of March 10, 2011.

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

LIQUIDATOR

NOTICE

AESTAS ESTAS LTD.

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
1384) of the International Business Companies Act.
2000, AESTAS ESTAS LTD. is in dissolution as of
March 23, 2011.

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

LIQUIDATOR

= EG CAPITAL MARKETS
5 BROKERAGE & ADVISORY SERVICES

BISX LISTED & TRADED SECURITIES AS OF:
THURSDAY, 24 MARCH 2011
BISX ALL SHARE INDEX: CLOSE 1,471.33 | CHG 0.00 | %CHG 0.00 | YTD -28.18 | YTD % -1.88
FINDEX: YEAR END 2008 -12.31%

WWW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479

S2wk-Low Securit _y
AML Foods Limited

Bahamas Property Fund

1.19
10.63
5.20
0.18
FO
1.96

9.05
4.40
O.17
2.70
1.96

Bank of Bahamas
Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank (S1)
Consolidated Water BDRs
Doctor's Hospital
Famguard

Finco

FirstCaribbean Bank
Focol (S)

Focol Class B Preference
ICD Utilities

J. S. Johnson

Premier Real Estate

B25
AS
5.80
1.90
1.40
5.22.
5.65
8.77
4.57
1.00
5.50
9.80
10.00

B25
2.40
6.82
2.22
1.40
5.22
7.20)
9.30
5.48
1.00
7.30
B.82
10.00

Previous Close Today's Close

| FACSIMILE: 242-323-2320

Change Daily Vol. EPS $ Div $
0.00 0.123
0.00 0.013
0.00 0.153
0.00 -0.877
0.00 0.168
0.00 0.016
1.050
1.031
0.488
0.144
0.107
0.357
0.682
0.494

1.19
10.63
5.20
0.18
2.70
1.96
9.25
2.40
6.82
2.22
1.40
2
7.50
9.30
5.48
1.00
7.30
9.82
10.00

0.00
0.00.
0.00.
0.00
0.00.
0.00.
0.00.
0.00,
0.00,
0.00.
0.00.
0.00.
0.00.

0.452
0.000
0.012
0.859
1.207

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)

52wk-Hi__5S2wk-Low, Security
Bahamas Note 6.95 (2029)

Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) +
Fidelity Bank Note 13 (Series C) +

Fidelity Bank Note 15 (Series D) +

Symbol
BAH29
FBB17
FBB22
FBB13
FBB15

Last Sale

4
4
4
4

Interest

99.46 6.95% 20 November 2029
00.00 7% 19 October 2017
00.00 Prime + 1.75% 19 October 2022
00.00 2 7% 30 May 2013
00.00 x 3 Prime+ 1.75% 29 May 2015

Change Daily Vol.

RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)

Symbol
Bahamas Supermarkets
RND Holdings

Bid &
N/A
Oe

Ask ®
N/A
0.40

Last Price EPS $
-2,945

0.001

Div & PS
0,000
0.000

Daily Wo.

C55. 256.6

CFAL Securities Ltd. (Over-The-Counter Securities)

ABDAB ea Lae
RND Holdings 0.45

31.59
0.55

29,00 4.540
0.55 0.002

0,000
0,000

9.03.
261.90

BISX Listed Mutual Funds

NAV

151738
2.9486
41.5837
2.7049,
13.4392
114.3684
106.5528.
1.1465
1.71865
1.1491

Fund Name
CFAL Bond Fund
CFAL MSI Preferred Fund
CFAL Money Market Fund
Royal Fidelity Bahamas G & | Fund
Royal Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
FG Financial Preferred Income Fund
FG Financial Growth Fund
FG Financial Diversified Fund
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

1.4076
2.8300
1.5141
2.8522
13.0484
101.6693
99.4177
11,0000,
1.0000
11,0000,
9,1005
BF eo
10.0000
10.6417
9.1768.
10.1266

4.8105 8.4510

YTD%

5.51%
0.04%
0.61%

-0.56)

0.61%
9.98%
4.75%
5.20%
4.73%
5.35%

4.85%

-1,20

1.27%
0.72%

NAV 3MTH
1.498004
2.918256
1.564030

NAV GMTH
1.475244
2.910084
1.545071

NAV Date
30-Nov-10
28-Feb-11
11-Feb-1141
31-Jan-11
31-Jan-11
30-Jun-10
30-Sep-10
31-Dec-10
31-Dec-10
31-Dec-10

Last 12 Months %
6.90%
1.45%
4.59%

% -15.54%

-0.22%

12.49%

7.18%

5.20%

4.73%

5.35%

109.392860
100.779540

107 570619
105.776543

5.45% 30-Nov-10

% 0.50% 30-Nov-10

1.27%
9.95%

31-Jan-11
31-Jan-11

MARKET TERMS

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wicHi - 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

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
EPS $ - A company's reported earnings per share for the last 12 mths
NAV - Net Asset Value

N/M - Not Meaningtul

FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

- Trading volume of the prior week

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

NOTICE

NOTICE is hereby given that SHERYL ALCITA of
McKinney Drive off Fire Trail Rd., P.O.BOX N-4037,
NASSAU, BAHAMAS is applying tothe Ministerresponsible
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 18'" day of
March, 2011 to the Minister responsible for nationality

NOTICE

TAVOY CORPORATION

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies Act.
2000, TAVOY CORPORATION is in dissolution as
of March 23, 2011.

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

LIQUIDATOR

NOTICE
DUNMORE INDUSTRIES LTD.

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies
Act. 2000, DUNMORE INDUSTRIES LTD. is in
dissolution as of March 23, 2011.

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

LIQUIDATOR

NOTICE

SHUTTERBUG HOLDINGS INC.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies Act.
2000, SHUTTERBUG HOLDINGS INC. is in
dissolution as of March 21, 2011.

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

LIQUIDATOR





THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 7B



Commission eyes F Bio

Six 2011 targets

The Securities Commis-
sion is targeting six priori-
ties for 2011, including
enhancing the capital mar-
kets regulator’s internal sys-
tems, governance and effi-
ciency.

The other goals are a revi-
sion of regulatory operations
at the Securities Commis-
sion, improving the regula-
tor’s legislative framework,
and ensuring high standards.

These goals were outlined
when the Securities Com-
mission of the Bahamas
hosted its fifth annual Indus-
try Briefing at the British
Colonial Hilton. The Brief-
ing was designed to bring
together capital market
stakeholders with the Com-
mission’s management to
exchange ideas on develop-
ments and challenges within
the market.

The welcome address,
which included a high level
overview of the Commis-
sion’s strategic direction,
was rendered by the Com-
mission’s chairman and act-
ing executive director, Philip
Stubbs. Additional presen-
tations were made by
department heads on the
developments within their
portfolios. Heads of depart-
ments making presentations
were: Laverne Thompson,
authorizations manager;
Sandra Duncombe, acting
market surveillance manag-
er; Denise O’Brien, inspec-
tions manager; and Gawaine
Ward, deputy legal counsel.

Mr Stubbs said Standing
Committee four of the Inter-
national Organisation of

Securities Commissions
(JOSCO)) no longer needed
to monitor the Securities
Commission’s international
assistance and exchange
activities.

Legislative improvements
at the Commission will be
further developed in 2011.
These developments will
include programs designed
to implement the new Secu-
rities Industry Act and
accompanying regulations,
continuation and completion
of the review of the Invest-
ment Funds Act (IFA), and
areview of the Financial and
Corporate Service Providers
Act. Additionally, the Com-
mission will continue its
efforts to ensure consistent,
high standards of ongoing
operations in 2011.

Updates

Ms Duncombe = said
updates under her depart-
ment included amendments
made to the Investment
Funds Act 2003, which came
into effect on May 1, 2010; a
review to enhance the Com-
mission’s surveillance pro-
gram; and incorporating
Financial and Corporate
Service Providers into the
same.

Areas of focus for 2011
include enhanced oversight
of the secondary market,
finalisation of takeover
codes and implementing a
complaints process for
licensees, registrants and the
general public.

Ms O’Brien advised that
onsite evaluations during the

past year revealed several
common inspection findings.
She listed several remedies,
including orders for contract
notes, identifying the Bro-
ker-Dealer, to be submitted
within 24 hours. Licensed
Funds, unless exempted,
were to submit their audited
financial statements within
six months, and all stock-
brokers, dealers, traders and
associated p[ersons are to
be registered by the Com-
mission. Ms O’Brien noted
the 21-day limit for invest-
ment funds to advise the
Commission of any material
changes taking place within
the fund.

In regards to the intend-
ed review of the Investment
Funds Act, Mr Ward noted
that the Commission has
sought the support of the
Bahamas Financial Services
Board (BFSB) in providing
the basis for required
amendments. Work will
begin on that project shortly.

Mr Ward said an initial
review of the Financial and
Corporate Service Providers
Act 2000 has started, and
work on developing pro-
posed amendments will con-
tinue through the year.

He added that the devel-
opment of various rules nec-
essary for the initial imple-
mentation of the draft secu-
rities legislation were under
way, and it was anticipated
these would be released for
industry consultation with-
in the 2011 first quarter.

Labour dispute system: ‘Lot to be desired’

FROM page 1B

well.”

Mr Rolle added: “I think our system leaves a
lot to be desired, and why we find it necessary to
bring a number of people together. It’s important
we have all the parties on the same page, and

playing from the same playing field.
“It’s a tremendous cost, not only from a finan-
cial perspective but a loss of time, a loss of pro-

ductivity, but what happens strains relations
between the employer and employee and rumbles
on for years, as opposed to being sorted out rel-
atively timely so costs are not significant.”

PERFORMANCE,
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le

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lie

March 25th-April 2nd, 2011

eas
6) as
ae

Unbelievable prices on

damaged cypress, T&G, pine
first come, first served)‘limited quantity

No delivery
aa eb cate] y ea
No refurn on
“sale merchandise”

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ee LM ee sua Fass (242) 322-2604

NOTICE

SIR LYNDEN PINDLING ESTATES
FORMERLY PINEWOOD GARDENS

Il SUBDIVISION

This Notice serves to advise the general public that lots
within the following blocks purportedly sold as lots within
“Nassau Village” form a part of the Sir Lynden Pindling
Estates Subdivision (formerly Cedar Groves/Pinewood
Gardens II) and are the property of Arawak Homes
Limited.

These Blocks are:
52,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,
72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,
92,93,94,95,96,98,99,100,101,102,103,104,105,106,107,108,
109,110,111,112,113,114,115,116,117,118,119,120,121,122,
123,124,125,126,145,146,147,148,149,150,151,152,153,154

The general public 1s further advised to beware of purchasing
any lots in the above Blocks unless the land is described as
being in the Sir Lynden Pindling Estates Subdivision and
is being purchased from Arawak Homes limited or from
a person or entity which purchased from Arawak Homes
Limited. Otherwise, the seller(s) are not the owners of the
land.

If you have purportedly purchased any lot(s) within the
above-mentioned blocks, you are advised to immediately
seek proper and independent legal advice from a
reputable law firm or attorney.

Should you have any questions, please contact:

GENERAL LEGAL COUNSEL
ARAWAK HOMES LIMITED
P.O. BOX N 3180
NASSAU, BAHAMAS
PHONE: (242) 394-0014/5; 502-6500





TRY OUR
DOUBLE
McFISH

HIGH
LOW

SUNNY,

LIGHT WINDS

Volume: 107 No.102



‘Historic momen
as BIC sale passed

{Y\

Pim blowin’ it

SOF
72F



A



22 to 18 vote ends
14-year process
of privatisation

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

THE sale of 51 per cent of
BTC's shares to London-
based Cable & Wireless was
passed in the House of
Assembly by a vote of 22 to
18 last night in what Prime
Minister Hubert Ingraham
called an “historic” moment.

The vote paves the way for
the shares to be sold to CWC
and brings the 14-year pri-

vatisation process to an end.

After the votes were cast
on the resolutions, Prime
Minister Hubert Ingraham
remarked that his party came
into the House with 22 seats
on the floor, one in the
Speaker's chair and currently
has the same number, a ref-
erence to the departure of
newly-independent Bamboo
Town MP Branville McCart-
ney who voted against the

SEE page 10

MINISTER CLAIMS BLUEWATER
WAS A “FRONTING’ OPERATION

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

BLUEWATER Ventures Limited, the front-
runner in the BTC privatisation process under
the Progressive Liberal Party government, was a
“fronting” operation, claimed Zhivargo Laing,
Minister of Finance, in the House of Assembly

yesterday.

SEE page 10

MINISTER
OF FINANCE
Zhivargo Laing

ct

COMPANMNT LTH

2 aA

American Airline:
and Laser Mall:

* Earn miles on American Airlines when

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* Miles are awarded based on the cost of the

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* Miles are based on International Freight

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* Miles are redeemable on American Airlines

For more information contact:

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







FRIDAY, MARCH 25, 2011



FSET Sia



The Tribune

LATEST NEWS ON WWW.TRIBUNE2 42. Seat

THE PEOPLE’S PAPER
BIGGEST AND BEST

BTC VOTE IN HOUSE OF ASSEMBLY



OATMEAL BAR

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

Records

rst ity
day one

SEE SECTION E



ONLY 14% OF COB
GRADUATES ARE
MALE STUDENTS

By TANEKA
THOMPSON

Tribune Staff Reporter
tthompson@
tribunemedia.net

MALE students account
for only 14 per cent of the
graduates from the College
of the Bahamas, says new
COB President Dr Betsy
Vogel Boze.

The statistic is evidence
of a "frightening" devel-
opment, mirrored in low
college enrolment rates by
Bahamian males while
enrolment and graduation
of their female counter-

SEE page 10

Felipé Major/Tribune staff

ABOVE: The Opposition vote against the sale of 51 per cent of BTC's
shares to London-based Cable & Wireless.





PM THANKS ROYAL BAHAMAS
POLICE FORCE AFTER BIC VOTE

PRIME Minister Hubert Ingraham

expressed his satisfaction and that of his ; ae
Sa cteatt : ‘ : colleague Branville McCartney to join
Se yclslaoe manne ioabeRarernonrr elec i the PLP in voting against the BTC }

Parliamentary process authorising the pri- :
ae esl yey :. Sale last night, but they were momen- ;
tarily thrown into confusion by an

unexpected defection — that of Prime : ‘ 1 1
; national Airport on Wednesday night.

vatisation of BTC and the sale of 51 per }
cent of the shares in the company to Cable i
and Wireless Communications Ple. (CWC).

He thanked the High Command and the
members of the Royal Bahamas Police }

Force for the professional manner in which

in and around the houses of parliament.

The Prime Minister said the Bahamian
public can be reassured by the level of }
good judgment and diligence exhibited by
the RBPF. This, he said, was evidence of :
the experience of a well-trained and disci- }

plined Force.



Ue eR

NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER

PM’S ‘NO’ VOTE BRINGS
CHEERS FROM OPPOSITION

FNM MPs expected their former Tribune Staff Reporter

: cnixon@tribunemedia.net

Minister Hubert Ingraham himself.
The Opposition, on the other hand,

: exploded into cheers — Fox MP Fred :
they conducted themselves over the past ; :
few weeks. In particular the Prime Minister
commended the RBPF for their profes-
sionalism and discipline during what were
potentially volatile situations as protests
by individuals opposed to the privatisation
process turned unruly and unpredictable

SEE page 10
MAN DIES AFTER STABBING

A 29-YEAR-OLD man died yester-
day after being stabbed multiple times.
According to police, the man was visit-
ing a home at Lily of the Valley Corner
when an altercation with a male resi-
dent led to him being stabbed shortly

SEE page 10

ZERO DOWN

FLIGHTS DIVERTED TO BAHAMAS
AFTER FIRE AT MIAMI AIRPORT

By CELESTE NIXON

A NUMBER of flights were diverted to
New Providence for refuelling yesterday
following a fuel tank fire at Miami Inter-

Thousands of outbound passengers
SEE page 10

PM AND GOVERNOR GENERAL
TO ATTEND ROYAL WEDDING

PRIME MINISTER Hubert Ingra-

: ham and Governor General Sir Arthur
: Foulkes, with their wives, will be attend-
i ing the Royal Wedding of Prince
: William and Kate Middleton.

Mr Ingraham made the announce-

SEE page 10

yd ae Ma &)ntague

Village Rail Mego Sharkey nl
Tok FHSS OR 34-1577
Charmichael fined
We: 341-1070

GUE A el month

Tre aa ae | are Pas ae ee
rei te tei PT



PAGE 2, FRIDAY, MARCH 25, 2011

THE TRIBUNE



LOCAL NEWS
rr = —

Schools show fruits of

labour at Agricultural
Science Exhibition

By LAMECH JOHNSON

SCHOOLS in New Provi-
dence had the opportunity to
showcase the fruits of their
labour at the Ministry of Edu-
cation’s three-day Agricul-
tural Science Exhibition at
the Kendal G L Isaacs gym-
nasium this week.

Patrice Green, an officer
from the ministry’s Science
and Technology division, said
that it is important to show































Faster

Weck 2011 m=

PREMIER TRAVEL ¢

(Fz
PRINCESS CRUISES

ticape comp hehely-

PREMIER TRAVEL AND PRINCESS

what schools are doing in this
field as many Bahamians “are
unaware that agriculture sci-
ence is a part of the school
curriculum.”

“People call radio shows
and say that agriculture needs
to be taught in the schools,”
she told The Tribune.

The event, which started
Tuesday and ended yester-
day, highlighted the various
agriculture programmes at
primary schools, junior and

Lt

senior high schools in Nas-
sau, and how farming is being
taught as a potential career
choice.

Shantell Dean, one of the
11th graders at Government
High School, displayed work
from their agri-science pro-
gramme.

“These are pottage vegeta-
bles and plants. We’ve grown
English thyme, egg plants,
cabbages, among other
things.”

She said that the project
took a couple of months, but
with “hard work and team
work” it went well.

Other schools grew green
peppers, cucumbers, squash,
tomatoes and other greens.

R M Bailey seniors pre-
sented a very unique eco-
friendly project that 12th
grade students from last year
had done as an assignment at
that high school.

Marlon Johnson, a prefect
at R M Bailey, explained how
they made a strong and
durable, yet lighter cement
pot using three different com-
ponents.

“They made a styrocrete
pot using cement, peat moss
and styrofoam. To get the
desired shape, the styrocrete

is manually pressed into a
clay pot. However plastic
must be placed inside the pot
before pressing the mix,” he
said.

Breneya Murphy, deputy
head girl at R M Baily, said
the mixing process was “the
same as making concrete.”

Kachiri McPhee added
that the drying process only
takes about six hours in the
sun.

Students and science teach-
ers from other schools went
around taking notes that
could be used for projects at
their schools.

Ms Green said March is sci-
ence month for her ministry
and the science and technol-
ogy department has had a
series of science related
events which allowed Family
Island schools to participate.

The Agricultural Science
Exhibition attracted 13
schools.

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Bates, Nits, St Thomas, else, Princess Cars,
Perl Laudercae

Fort Laudevaale, 2 days al sea, Arigna, $i Luck,
Barts, 5). its, 2 Thomas, al sea, Prcess Car,
Perl Layderea,

few Virk, 2 days el 2a, Grand Tusk, San Juee, SL
Themes, a sea, Royal Newel Doskyerd [Dermat
sea, New for

Feel Lawtertle, Pnceas Cys, ate, Ot Meee,
Ot Thomas, Gand Turk sea, Fort Lander.





ABOVE: Shantell Dean, one of the 11th graders at Government
High School, displayed work from their agri-science programme.

BELOW: Students take notes at the exhibition.



All Saints Camp
may see light at
end of the tunnel

Social Services Dept
to meet with directors

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

THERE may be some light at the end of the tunnel for
residents of the All Saints Camp AIDS shelter, accord-
ing to a senior civil servant.

The camp has been without electricity and running
water for a month, after BEC shut off the power in
response to a $78,000 unpaid bill.

But director of Social Services Mellany Zonicle told
The Tribune yesterday that her department soon will be
meeting with All Saints directors and following the
meeting will determine whether to provide financial
assistance.

The camp, on Lazaretto Road, provides room and
board to adults and children with HIV/AIDS, other ill-
nesses, and the impoverished.

Residents of the camp say life has been difficult and
uncomfortable over the last several weeks — water has to
be carried from a nearby public pump and flashlights are
being used sparingly at night.

"It's really tough, but I was here for five years, and to
know they won't kick me out of the place is a blessing,”
said a 36-year-old female resident who lives at the camp
with her children. “I don't have nowhere to go; I'm liv-
ing in a three bedroom place with a bathroom and
kitchen."

Another resident who was referred to the camp by
Social Services because she is homeless, appealed to the
government to help All Saints turn the lights back on.

She said: "I prefer being at the camp; I have my family
but I feel better at the camp.

“I scared of darkness so I'd like for them (Social Ser-
vices) to please help us and turn our light on.”

The resident added that if it were not for the camp,
she would be homeless, starving on the streets, maybe
even dead.

Meanwhile, the centre is appealing to the public to
make a direct donation to BEC on behalf of the 58 resi-
dents of the camp.

McFish

FOR LENT





THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 3



LOCAL NEWS





EACH parliamentarian
cast identical votes on all
three resolutions paving
the way for BTC to be sold
to Cable and Wireless
Communications.

The votes were recorded
as follows:

. Desmond Bannister,
Carmichael- YES

. Carl Bethel,

Sea Breeze -

. Larry Cartwright,
Long Island and
Ragged Island— YES

. Sidney Collie,

Blue Hills - YES

. Earl Deveaux,
Marathon - YES

. Kenyatta Gibson,
Kennedy -— YES

. Neko Grant,
Lucaya—-

8. Vernae Grant
Eight Mile Rock— YES
. Hubert Ingraham,
North Abaco— YES
10. Edison Key,
South Abaco— YES
11. Charles Maynard,
Golden Isles— YES
12. Hubert Minnis,
Killarney -— YES
13. Phenton Neymour,
South Beach- YES
14. Brensil Rolle
Garden Hills— YES
15. Kenneth Russel,
High Rock- YES
16. Brent Symonette,
St Annes -
17. Kwasi Thompson,
Pineridge -
18. Loretta Buttler Turner,
Montagu - YES

YES

YES

19. Tommy Turnquest,
Mount Moriah- YES

20. Byron Woodside,
Pinewood —

21. Kendall Wright,
Clifton -

22. Zhivargo Laing,
Marco City - YES

YES

. Shane Gibson,
Golden Gates— NO

. Picewell Forbes,
South Andros— NO

. Philip Brave Davis,
Cat Island, San Salvador,
Rum Cay- NO

.V Afred Gray,
MICAL -

. Melanie Griffin,
Yamacraw —

. Oswald Ingraham,
South Eleuthera— NO

. Perry Christie,
Centreville - NO

. Glennys Hanna-Martin,
Englerston — 0

. Branville McCartney,
Bamboo Town- NO

10. Fred Mitchell,

Fox Hilf- NO

11. Anthony Moss,
Exuma-

12. Bernard Nottage,
Bain and Grants
Town -

13. Vincent Peet,

North Andros— NO

14. Ryan Pinder,
Elizabeth - NO

15. Cynthia Pratt,

St Cecilia - NO

16. Alfred Sears,

Ft Charlotte- NO

17. Frank Smith,

St Thomas More — NO

18. Obie Wilchombe,
West End and
Bimini-

ISLAND ADMINISTRATOR
REASSIGNED AFTER
‘DEATH THREATS’

FREEPORT - Grand
Bahama Island Administra-
tor Don Cornish has been
re-assigned to New Provi-
dence after reportedly
receiving death threats.

According to sources in
Freeport, a complaint has
been filed with the police
regarding the threats against
Mr Cornish.

He has now been assigned
to the Licensing Section of
the Ministry of Finance,
located in the Prime Minis-
ter’s Office in Nassau.
Angela Pratt-Rolle has been
temporarily assigned Island
Administrator, and will be
working from the Prime
Minister’s Office in
Freeport.

However, The Tribune
contacted a Bahamas Infor-
mation Services (BIS) offi-
cial, who stated that Mr Cor-
nish was only appointed
administrator for a short
period, and that his tenure
had ended.





mm Laing: BIC ‘no sacred c

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

THE Bahamas Telecommu-
nications Company is “no
sacred cow” and not the
“birthright” of Bahamians, said
Zhivargo Laing in the House
of Assembly yesterday.

The Minister of State for
Finance said BTC is a business
entity created to deliver a ser-
vice. He said the corporation is
an “important” one to the
economy of the Bahamas, but is
not a “sacred thing that no one
can touch.”

He said the true birthright of
Bahamians is the opportunity
to maximise their potential, and
to achieve this end, the country
needs a “robust telecommuni-
cations” sector.

“We need an economy more
fit to take advantage of the
opportunities and meet the
challenges of the 21st century.
We need a leaner, more flexi-
ble, more dynamic, more
robust, more innovative, more
productive, more creative econ-
omy,” said Mr Laing.

“Such an economy will gen-
erate more jobs, better jobs,
better paying jobs, more busi-
nesses, more profitable busi-
nesses, more diversified busi-
nesses.

“Such an economy will help
to finance the broader human
hopes, dreams and aspirations
of our people, enable them to
do for themselves, so they don’t
have to be dependent on any
politicians or group of politi-
cians,” he said.

Mr Laing claimed the gov-
ernment would like to liberalise
the market immediately, how-
ever, it felt BT'C was not cur-
rently a company that could
survive in a competitive mar-
ket.

He said the government



























Felipé Major/Tribune staff
Ce

eee eereere

a |

MAKING A POINT: PLP Leader Perry Christie during the House
debate. Mr. Christie later voted “no”.





































sought to determine, “How do
we create an open competitive
market while ensuring that we
do not kill the company we own
today?”

They found the company
required new and more
advanced technology; new
management approaches; new
skills — not just technical skills
but innovative skills; access to
capital; new network facilities;
new business processes and
valuable branding.

Cable and Wireless Commu-
nication (CWC), he said, is a
strategic partner that can bring
most if not all of the improve-
ments BTC needs.

Throughout the privatisa-
tion process, Mr Laing said,
none of the interested compa-
nies valued BTC at the price
for which some members of the
public claimed it was worth.

He said there were claims
that the value of BTC was $600-

800 million. However, the bids
throughout the process ranged
between $229 million and $531
million. The majority of the
offers valued the company at
less than $400 million. With the
government’s sale of BTC to
CWC, Mr Laing said the com-
pany is valued at $429 million.

He added that none of the
major global telecom providers
were interested in BTC.

Making his contribution to
the debate, Progressive Liberal
Party leader Perry Christie said
that during the bidding process
under his former government, it
was a “buyers market, not a
sellers market” and that the
$130 million price offered for
49 per cent of BTC shares was
not acceptable.

He said the government sub-
sequently engaged in an aggres-
sive process to improve the
competitiveness and value of
BTC.

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MARCH 25th-26th





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PAGE 4, FRIDAY, MARCH 25, 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

STR ETIENNE DUPUCH, Kt, O.B.E., K.M., K.C.S.G.,

(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

Libya mission clouded by confusion

WASHINGTON — President Barack Oba-
ma said he was setting clear and unmistakable
terms for the U.S. role in Libya: It would be
limited, lasting days, not weeks, and its purpose
was to protect Libyan citizens.

But that's not the way it's turned out. Less
than a week later, the mission has been clouded
by confusion and questions about who's in
charge and who's doing what — all while the
killing of civilians is going on.

The Pentagon claims success in establishing
an effective no-fly zone over much of Libya that
has grounded Col. Moammar Gadhafi's aging air
force. But Gadhafi's tanks and troops are still tar-
geting civilians on the ground.

The administration seeks to minimize cur-
rent disputes over the reins of leadership, sug-
gesting everything will fall in place quickly, ide-
ally by this weekend.

There are some doubters.

"It could still all come around very quickly in
our favour. But if that's to happen, we will have
to apply much more intensive military power
in an effort to make this succeed," said Aaron
David Miller, a former top State Department
Mideast negotiator in Republican and Democ-
ratic administrations.

"But it doesn't appear to me, given the con-
straints acting upon us and our own reserva-
tions, that we're prepared to do that," said Miller,
now with the Woodrow Wilson Centre, a for-
eign-policy think tank. “Right now, it appears to
be settling into a stalemate which isn't terribly
hurting on the Gadhafi side."

Obama also faces a sceptical audience on
Capitol Hill. House Speaker John Boehner, R-
Ohio, wrote to the president saying he and oth-
ers "are troubled that U.S. military resources
were committed to war without clearly defining
for the American people, the Congress and our
troops what the mission in Libya is and what
America's role is in achieving that mission."

Boehner said Obama so far had made a "lim-
ited, sometimes contradictory case" for the
action. There also seems to be a disconnect
between Obama and his military commanders.
He keeps emphasizing that the US. is just one of
many players in the coalition. But in their brief-
ings, the generals and admirals sound like the
Pentagon is running the show, at least for now.

To date, the air attacks on Libyan targets
have been predominantly American. In a 24-
hour period as of late Wednesday, 175 sorties
were flown, 113 by the United States, U.S. Navy
Rear Adm. Gerald P. Hueber told reporters
from the U.S. command ship in the Mediter-
ranean Sea.

His portrayal suggested a long slog might lie
ahead. "We have no indication that Gadhafi's
forces are adhering to United Nations Resolu-
tion 1973," which authorized the establishment
of a no-fly zone and demanded that govern-
ment forces pull back from population centres,
said Hueber, chief of staff for U.S. operations.
"Our intelligence today is there's no indication
that Gadhafi's forces are pulling back."

US. Defence Secretary Robert Gates no

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doubt reflected the views of many military com-
manders when he warned weeks ago that estab-
lishing a no-fly zone was a big, complicated oper-
ation tantamount to an act of war — and one
with questionable viability.

Gates, visiting Cairo on Wednesday, said he
couldn't predict when the international military
enforcement of a no-fly zone over Libya might
end — but suggested the U.S. could turn over
control of the operation as soon as Saturday.
Gates said no one thought the assault would
last only two or three weeks, but he could not say
how the coalition operation might be resolved.

For now, at least, the U.S. remains the ad
hoc boss of the operation, now in its fifth day,
with no certainty about who will take over or
when. Talks are continuing in Brussels, head-
quarters of the North American Treaty Orga-
nization. The U.S. wants NATO to take the
command and control lead in overseeing coali-
tion forces. U.S., European, Arab and African
officials have been invited to a meeting in Lon-
don next Tuesday to discuss outstanding politi-
cal and logistical issues.

Richard Downie, an Africa expert at the
Washington-based Centre for Strategic and
International Studies, said the United States'
lead role in the operation was lasting longer
than he'd expected.

Obama has ruled out US. troops on the
ground, and did so again Wednesday in an inter-
view with the Spanish-language network Univi-
sion. Wrapping up a Latin American trip, Oba-
ma said a land invasion of Libya was “absolute-
ly" out of the question.

Asked about an exit strategy, Obama did
not lay out a vision for ending the international
action. "The exit strategy will be executed this
week in the sense that we will be pulling back
from our much more active efforts to shape the
environment," he said.

"We'll still be in a support role, we'll still be
providing jamming and intelligence and other
assets that are unique to us, but this is an inter-
national effort that's designed to accomplish the
goals that were set out in the Security Council
resolution," he said.

Many strategic issues have yet to be resolved.
For instance, if the rebels are able to retake the
military offensive, will the coalition provide air
support as they seize territory or attack govern-
ment troops?

"Nothing will be more dangerous to the effec-
tiveness of the coalition's cause than not agree-
ing on why we are all there and what we intend
to do," said former U.S. Under Secretary of
State Nicholas Burns.

Secretary of State Hillary Rodham Clinton
urged patience. The biggest success of the oper-
ation so far — "a humanitarian crisis that thank-
fully didn't happen (in Benghazi)" — isn't getting
enough attention, she told reporters Wednesday.

Still, she acknowledged, "Challenges remain
so long as Gadhafi continues to direct his forces
to attack his own people."

(This article was written by Tom Raum of the
Associated Press).

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Transparency
and fairness key
to democracy

EDITOR, The Tribune.

I have spent the last two
weeks looking at the nation
and people of the Bahamas,
attempted to write letters and
found myself reaching some
rebellious conclusions about
what answers and remedies
should be about.

Speaking to an older friend
reminded me that life is not
about answers, there are
answers for more things than
there are questions. His sage
response to “What is democ-
racy?” was, “Have you
answered the question in your
own country?” He was refer-
ring to the fact that we in the
Bahamas take our cues from
how people are doing things
everywhere else in the world,
it is not too original, but it
takes away the responsibility
of being responsible, since the
idea came from somewhere
else.

And when you think of it,
that is how the country has
progressed — a lot of outside
help and money, with
Bahamians acting like tourists
most of the time.

At the end of my looking, I
had the opportunity to view,
on one of the local television
stations a discussion on the
privatisation of BTC, the talk
show host had some members
of a political party giving their
view on the process.

It was amazing, the amount
of information that came out
of it, there were answers for

LETTERS

letters@tribunemedia.net



everything, until the modera-
tor asked a question that was
not anticipated. He wanted to
know what was that particular
party’s policy on the privati-
sation, seeing that they had
attempted the same process,
some time ago. They were not
able to give an answer, and
then the host reminded them
that their position had
changed from what it previ-
ously was, and the reply was
that that was the nature of
politics.

The host was able to pin
down one of the rising stars in
the party and his reply was
that they did not have a poli-
cy on BTC, but they had a
model that they were follow-
ing. I wanted the host to push
for a further explanation of
that model, but they ran out
of time.

Lately, it seems like most
of the answers the public is
getting are more like opin-
ions; everybody has one. We
must come to the place where
we are able to ask the ques-
tions to whoever is leading
our nation or who would like
to lead and not get out of
their face until the answers
are forthcoming.

I am getting ticked about
the BTC issue, primarily
because the public is not

being told what is happening
and/or the bodies involved in
the process are not informed
on the issues that they are
addressing and this exercise
up to now is more about per-
sons maintaining their
lifestyles or various groups of
persons promoting social
unrest.

The historic reality is that
technology renders a judg-
ment that government legis-
lation cannot protect anybody
from, except you are living in
a dictatorship, and those of
us who think we are gaining
something by promoting bat-
tles are wasting time and
money.

We became a democracy in
1967, but it took us 25 years to
get our voices, and even with-
in that time frame persons
who should have known bet-
ter made an attempt to ban
dialect from the airwaves.
What is a Democracy? It is
when persons who were
democratically elected exer-
cise transparency in their
dealings with the persons who
elected them, and those who
would like to be elected give a
fair and impartial presenta-
tion of what they do know
and would like to see, leav-
ing nothing out. Anything else
is politicking.

EDWARD
HUTCHESON
Nassau,

March 21, 2011.

Delighted by Picewell
Forbes’ excellent speech

EDITOR, The Tribune.

I confess that ’'m not politically-minded. I
just happened to be on Bay Street yesterday
and pass the barricades on my way home from
a hospital clinic (the bus stop is still on Bay
Street), and bumped into persons wearing

placards.

It was good to see people engaging in a fair-
ly good-humoured, peaceful demonstration
against something with which they, and per-
haps their political party, disagreed.

Because I’m not particularly interested in
current politics, it was purely by accident that
this morning I let the radio dial stray onto
1540 AM at a time when members of parlia-
ment were talking about the bill to sell BaTel-

Co.

To tell the truth, I wouldn’t sell anything to
do with communications. Maybe I’ve watched
too many spy thrillers and read too many
James Bond novels, but I think there’s some-
thing special about communications; one does

nerable. I don’t feel easy being vulnerable,
but that’s just me. What I really took up pen to

paper to say is that I was delighted to hear
the delivery in the debate of the member from
South Andros, Mr Picewell Forbes.

That’s not just because he graduated from
the College of The Bahamas and UWI - he

could’ve graduated from anywhere; it’s what

he does with his degree(s) that counts. No,
Mr Forbes presented an impassioned treat-
ment of the question of our belief in us as
individuals and as a nation. True, he might
have been a bit questionable about the number
of Bahamian presidents of COB, but I thought
his speech was excellent. I’m all for appreci-
ating the contributions of foreigners to the
building of the modern Bahamas, but not at

the expense of making us look as though we

not let control of communications slip from

one’s hand! Letting go of our major commu-
nications system to foreigners is like having an
outsider in the confines of our homes all the
time! I know it would render me, for one, vul-

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TELCINE E
TURNER ROLLE

still need to be potty-trained as a people.

We have to grow up beyond politics, parti-
sanship, and social and economic enclaves.
Otherwise, we’ll never succeed as an inde-
pendent nation. Thank you.

March 22, 2011.

Rights, yes — but what
aljout freetiom of speech?

EDITOR, The Tribune

Re: Robin Hood owner
‘shocked’ by PM’s comments.
— The Tribune, March 17,
2011.

THE article mentions a per-
manent resident having “near-
ly all the same rights as a
Bahamian citizen.”— True, but
freedom of speech does not
appear to be one of them.

KEN W KNOWLES, MD
Nassau,
March 19, 2011.

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.





THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 5



LOCAL NEWS



Canadian man
helieved to
have drowned
in Exuma

A CANADIAN man
vacationing with his wife in
Exuma is believed to have
drowned on Wednesday.

Exuma police received
information that a man was
found in an unresponsive
state at Stocking Island at
around 12.30pm.

According to report, a
husband and wife were
swimming when the inci-
dent occurred.

The 57-year-old native of
Ottawa, Canada was
retrieved from the water
and taken to the local clinic
where he was pronounced
dead.

Meanwhile in Nassau,
police are investigating two
shootings.

The first occurred around
11.15pm on Wednesday at
Peach Street.

A 22-year-old man was
driving his 1997 Honda
Saber through Peach Street
when some unknown per-
son or persons fired gun-
shots which resulted in the
victim receiving multiple
injuries to the body, police
reported.

The victim’s vehicle was
also damaged.

The victim was taken to
hospital by emergency med-
ical personnel, where he is
in serious but stable condi-
tion.

The second shooting took
place around 1.15am on
Thursday at Price Street,
Nassau Village.

Two men were standing
outside a home when they
heard gunshots being fired.

One the men, aged 29,
received gunshots injuries
to his back and leg.

The victim was taken to
hospital via private vehicle,
where he is detained in sta-
ble condition.

Police investigate apparent
drowning of boat captain

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Police are
investigating the apparent
drowning of a boat captain at
the old cement factory dock
near Freeport Harbour.

Around 6pm on Tuesday,
police received a call from the
Freeport Harbour Company
explaining that a boat captain
had fallen overboard and was
found unresponsive.

Asst Supt Hector Delva,
assistant police press officer,
reported that officers were dis-
patched to the old cement fac-
tory dock where they found
the body of a “light-skinned”
man lying on the deck at the
stern of a boat with a rope tied
around his waist.

The deceased man was clad
in jeans and a beige striped
polo shirt.

The body was taken to the
Rand Memorial Hospital
where the man was officially

pronounced dead.

ASP Delva said investiga-
tions into the incident will con-
tinue. The man’s identity is
being withheld pending noti-
fication of his next of kin.

FIREARM AND
DRUGS FOUND
A shotgun and a small
quantity of drugs were dis-
covered in an abandoned two-
storey building on Adventur-
er’s Way, police reported.
ASP Hector Delva said that

Drug Enforcement Unit offi-
cers, acting on a tip, went toa
building on Adventurers Way
sometime after noon on Tues-
day.

During a search of the
building, they discovered a
brown handled sawn-off shot-
gun along with a plastic zip-
lock bag containing a small
quantity of a substance sus-
pected to be marijuana.

No arrests were made and
the incident is still under
investigation.



Ministry of Works to host information meeting on

THE Ministry of Works
and Transport will host an
information meeting today
for business owners and resi-
dents of Abundant Life Road
concerning upcoming road
works.

The meeting will take
place from noon to 6pm at
the Abundant Life Church.

Engineers will discuss the
scope of the work, which is
planned to extend into the
Soldier Road area.

The ministry also said the
New Providence Road
Improvement and Infra-
structure project will be
upgrading the sewer main
between School Lane (near
CR Walker High School) and
Lewis Street (south of St
Agnes Church School Hall)
from Thursday, March 24 for
two weeks, from 9pm to Sam.

“Motorists are advised that
there will be traffic diversions
in place with partial and full
closures to carry out the
works. Motorists are asked
to observe traffic manage-
ment signs in place and trav-
el with caution while the
work is being carried out,”
the ministry said in a state-
ment.

















MTaaih eno een Cae

cero 018 MINI ATIC ATEU AES

DUA N{=Fam CEM TLD SY CA | 1

and Transport will host an infor-
mation meeting today for busi-
ness owners and residents of
Abundant Life Road concerning
upcoming road works.



Gated development homeowners complain
about management of maintenance funds

SECOND homeowners in a
gated development in Guana
Cay, Abaco have raised com-
plaints over what they feel is
the poor management of their
association’s maintenance funds.

They claim there has been no
electricity at Orchid Bay Yacht
Club and Marina for weeks, and
no fuel at it’s marina since last
August.

The homeowners feel these
conditions indicate the unsus-
tainable nature of the commu-
nity’s expansion plans.

Frustrated by what they claim
is the continued lack of ameni-
ties promised under their pur-
chase agreement, and for which
they continue to pay mainte-
nance fees, cottage owners
penned a letter asking for an
audit of the association’s
records.

The letter, sent by the cot-
tage owners Cay of Sea Ltd,
read: “In short, the representa-
tions made to us at time of pur-

chase — ‘a casually elegant resort
lifestyle replete with sumptuous
amenities, including a sparkling
waterfront pool, tennis court, a
fully resourced marina, an ele-
gant restaurant and so much
more’ — come up woefully short.

“Gardening efforts seemed
non-existent or reduced, the
pavilion and its beach area were
unkempt, the roadways were in
need of repair, the gate to the
‘gated community’ was not
policed, the restaurant was
closed, there was no water in
the pool, and the marina had
no fuel available.”

Guana Cay residents urged
the government to give careful
consideration to Orchid Bay's
$400 million development plans
in November.

In a strong letter of opposi-
tion addressed to Prime Minis-
ter Hubert Ingraham and
Deputy Prime Minister Brent
Symonette, the residents
expressed fears that the devel-

opment was too large for the
island to sustain.

The development was
approved last year, with offi-
clals maintaining that the plans
received satisfactory assess-
ments.

It was announced that the
development would create 200
jobs on the island if approval is
given to expand the marina to
encompass 324 boat slips, sell
more private lots and build a
Rosewood brand hotel.

However, with 200 boat slips
already established on the 9.25
square mile island at Baker's
Bay marina nearby, and an
existing marina at Orchid Bay,
some residents fear expansion
would threaten the environ-
ment.

Management at Orchid Bay
could not be reached for com-
ment. Several messages were
left over the last two weeks,
however there has been no
response to date.

KIDZ CITY

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MARCH 25TH - APRIL 2ND

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Undergarments, Hair Accessories, etc
We’ve Got The Latest In Kids Fashion.

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(2 doors North of Multi-Discount)
P.O. Box N-1552, Nassau, Bahamas

Phone: 323-3460

Monday - Friday - 9:30 AM - 5:30 PM

Saturday - 9AM - 5PM



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Upcoming road works



27-year-old
man charged
with murder

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT -— A 27-year-
old Lucaya man was charged
with murder in the Freeport
Magistrates Court yesterday.

Leonard “Lenny” Barnett,
a resident of No 2 Spinney
Road, appeared in Court Two
before Magistrate Andrew
Forbes.

It is alleged that on March
7, the accused, while con-
cerned with others, intention-
ally caused the death of 42-
year-old Patrick Russell of
Lewis Yard.

Mr Russell was sitting in his
car on an unpaved road
between Weddell and Bruce
Avenues in the Garden Villas
area when someone in anoth-
er vehicle opened fire on him.

His death was classified as
the island’s second homicide
for the year. Barnett was not
required to enter a plea to the
murder charge.

He was remanded to Fox
Hill Prison and the matter
was adjourned to May 23,
when a preliminary inquiry
will be held to determine if
there is sufficient evidence for
him to stand trial for murder
in the Supreme Court.

FOR 3 IN 1 LAWN SERVICE
agi eee rca
Mat
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PAGE 6, FRIDAY, MARCH 25, 2011

THE TRIBUNE



LOCAL NEWS

dutge discharges jurors, orders retrial in murder case

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

THE trial of an Ameri-
can girl and a Bahamian
man charged in the murder
of Anna Garrison came to
an abrupt end yesterday
with a judge discharging the
jurors and ordering a retri-
al.

The decision by Senior
Justice Jon Isaacs came fol-
lowing a closed court hear-
ing yesterday afternoon, the
second day of the trial.

Only two witnesses had
testified; the last being
Pennsylvania state trooper
Todd Hershey.

1D
O

Zyndall McKinney, 23, of
Isabella Boulevard, and the
teenage girl are accused of
the murder of Mrs Garri-
son.

It is alleged that between
Sunday, February 25 and
Saturday, July 4, 2009,
McKinney and the girl,
being concerned together,
caused the death of the vic-
tim.

Mrs Garrison's badly
decomposed body was dis-
covered in a bushy area off
Fox Hill Road South near
the Blue Water Cay devel-
opment on Saturday, July
4, 2009 at around 6.20pm.

Prosecutors claim that
she had been stabbed mul-

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tiple times.

Attorney Murrio Ducille
applied for bail yesterday
afternoon on behalf of his
client McKinney. He
argued that there was no
evidence whatsoever
against his client and there
was nothing to suggest that

he was a flight risk.

Mr Ducille also noted
that McKinney had been in
custody for almost two
years.

Attorney Elliot Lockhart,
who represents the Ameri-
can girl, also applied for bail
on behalf of his client.

He submitted that con-
sidering the evidence, she
should not even be in cus-
tody.

Crown attorney Ambrose
Armbrister objected to bail,
noting that the accused
could still be tried in a rea-
sonable time.

Senior Justice Isaacs
denied both bail applica-
tions noting the serious
nature of the charge.

He also noted that if the
accused cannot be afford-
ed a trial within a reason-
able time frame, they could
reapply for bail.

Nassau Music Society to
present piano, violin duo

FOLLOWING the success
of Quartetto Gelato’s perfor-
mance in February, the Nassau
Music Society is now presenting
a special piano and violin duo.

Canadian violinist Alexan-
der DaCosta and pianist Won-
ny Song will hold two concerts
for the Bahamian public.

The first will be held on
Tuesday at 8pm at Government
House; the second concert will
take place on Wednesday at
8pm at St Paul’s Church Hall,
Lyford Cay.

Both concerts are under the
patronage of Governor Gener-
al Sir Arthur Foulkes.

Alexandre DaCosta was
born in Montréal Canada in
1979 and showed an uncom-
mon interest for both the violin
and piano at a very early age.
By the age of nine, he had the
ability to perform his first con-
certs on both instruments,
which brought him recognition
as a musical prodigy.

In 1998, at the age of 18, he
received a Master’s degree in
violin and a first prize from the
Conservatoire de Musique du
Québec. Concurrently, he also
received a Bachelor’s degree in
Piano Interpretation from the
faculty of music of the Univer-
sity of Montreal.

In 2002, he won the Sylva
Gelber Foundation Award for
best Canadian artist under 30

_ =e,

VACANCY NOTICE

Commercial Support Technician
Information & Telecom Services Department

There is a single position open in the Nassau office and interested candidates may apply by
forwarding their resume stating their interest and relevant skilb and experience to the

Director of Hurnan Resources

felarch 31, 2071.

SUMMARY

al fichard.adderleyacablebahames.com, by Thursday,

The successful candidate will be responsible for all aspects of Commercial customer
installation and technical phone support. This includes providing via telephone, email or
other communication medium, technical support for the converged services provided by
Cable Bahamas te its Commercial subscriber base, Responsibilities include but are nat
limited te identifying customer reaguirements, configuring network devices for customer
access, troubleshooting, documenting and liaising with the respective inter-departments
for network designs, fber termination and installations; and working with commercial
CLaTOmers to ensure a smooth integration of services with their network infrastructure.

ee DUTIES & SKILLS REQUIRED
Software configuration of fiber hardware and physical installathon of fiber and Voloe
equipment, i.2. Allied Telysin Bowes, EMTAs, SIP boxes and associated hardware.
Inéctallation of fiber optic pateh cables aind UPS weighing up te é5lbs,
Termination and testing of Cat 5 cables (Straight thru and Crossover) and testing
customers service connection.
Jab function requires the candidate to work shift rotations, an call, and be flexible
and available to provide 24/7 support.
Strong written and oral communication skills for liaising with TS management,
Engineering, and Cammercial customers,
Working knewledge of TCP/IP and familiarity with Spanning Tree and reuting

protocols AIP and OSPF.

Working knowledge of networking and in depth knowledge of Layere/Layer3

protecals,

Working knowledge of 802.10 VLAN tagging.
Working knowledge of Voice Process and Hardware/Networking to allow
troubleshooting of client voice services,
Working knowledge of Help Desk support application, Heat.

Familiarity with Allied Telysin Bowes and Cisco 10S and CLI device configuration.
Understanding of Cable Modem Termination System (CMTS), DOCSIS and cable

Moderns

Working knowledge of Embedded Multimedia Terminal Adapter feh4TA) and

Packetcatali,

Working knowledge of Session Initiation Protocal (SIP W?) specifications, messages

and signaling.

Working knowledge of specifications and implications of voice CODECS ie. G71,

G7 29a, G729u.

Working knowledge of Real Time Protocol (RTP) and its usage in VOIR

REPORTING
This position reports to the Director of Information
A Telecom Support Services (IT55),

ale
ARLE BAHAMAS
www, cablebah aera scoen





CANADIAN VIOLINIST Alexander DaCosta (above) and pianist

Wonny Song.

years old. Between 2003 and
2006, after winning the Musi-
cal Instrument Bank competi-
tion of the Canada Council for
the Arts, he played the 1689
Baumgartner Stradivarius.

Mr DaCosta now plays the
1727 "Di Barbaro" Stradivar-
ius and a Sartory bow, courtesy
of Canimex.

Wonny Song, a Canadian
national, was born in South
Korea and grew up in Montréal

He began piano studies at
the age of eight and received a
full scholarship to Philadelphi-
a’s Curtis Institute of Music in
1994. He earned a Bachelor’s
degree from Montreal Univer-
sity in 1998 and continued his
studies with Anton Kuerti at
the University of Toronto and
at the Glenn Gould Profes-
sional School with Marc
Durand.

Awarded the first Elinor Bell
Fellowship at the University of
Minnesota in 2000, he com-
pleted his doctoral studies there
with Lydia Artymiw in 2004.

The Washington Post classes
Wonny Song as “a versatile,
intelligent, and deeply musical
young pianist.”

He has started an interna-
tional career with encore
appearances in the Young Con-
cert Artists Series in New York
at Carnegie’s Zankel Hall, at
the Kennedy Centre’s Terrace
Theater in Washington, DC as
soloist with the Peoria Sym-
phony (IL), the Montreal Sym-
phony, the Toronto Sympho-
ny, the National Arts Center
Orchestra of Ottawa, and the
EuroAsian Philharmonic
Orchestra in Korea and Thai-
land to name a few.

The Music Society’s current

Press Release

Bahamasair’ Thrifty Car Rental
Quarterly Promotion Recipients.
Prize includes airfare on Bahamasair,
3 days Thrifty C-Car and 2 nights Hotel.

Ms Sabrina Francis and
Albertha Lynes, Bahamasair.

Albertha Lynes, Bahamasair and
Mr. Kenneth Sands





season ends next month with
two concerts by John O'Conor,
an Irish pianist and Beethoven
specialist, on April 9 and 10.

LAWYER: "BABY DOC
DUVALIER TAKEN TO
HOSPITAL IN HAITI

SAN JUAN, Puerto Rico
Associated Press

Former Haitian dictator
Jean-Claude "Baby Doc"
Duvalier has been hospital-
ized, his attorney said
Thursday, refusing to dis-
close the nature of the ail-
ment or any other details
about his condition.

Duvalier, who made a
surprise return to Haiti in
January, was taken to the
hospital Wednesday,
lawyer Reynold Georges
said in a brief phone inter-
view with The Associated
Press.

Georges said he was with
Duvalier but could not pro-
vide any information about
his ailment.

"I'm his lawyer, not his
doctor,” Georges said.

Earlier, Duvalier's long-
time companion,
Veronique Roy, denied he
had been hospitalized, say-
ing he was “under observa-
tion."

The 59-year-old former
dictator made an abrupt
return to Haiti in January
after 25 years in exile and
has appeared at times to
move with difficulty, spark-
ing speculation that he has
been ill.

He has been living in a
villa in the hills above Port-
au-Prince under police
guard as a judge investi-
gates whether he can be
charged with a long list of
crimes, including corrup-
tion and torture, commit-
ted while he was "president
for life" in the impover-
ished Caribbean nation.

There have been no
restrictions on his move-
ment and he has been spot-
ted attending a jazz concert
in Petionville and has been
receiving a stream of visi-
tors at the house.

Duvalier was ousted in a
popular uprising against
what was widely consid-
ered a brutal and corrupt
regime. He assumed power
in 1971 at age 19 following
the death of his notorious
father, Francois "Papa
Doc" Duvalier.



THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 7

LOCAL NEWS

US Ambassatior hosts
St John's University
alumni recent

IN RECOGNITION of
the educational relation-
ship St John’s University
has established with the
Bahamas and in honour of
its president, Rev Robert
Koopmann, United States
Ambassador to the
Bahamas Nicole Avant
hosted a reception for St
Johns University alumni
last Saturday.

St John's is considered
one of America's top
Catholic universities and
has its campus in Col-
legeville, Minnesota.

Guests included former
US Ambassador to the
Bahamas John Rood, Steve
Halverson, vice-chair of
the Board of Regents, St
John’s University; Rob
Culligan, vice-president for
Institutional Advancement,
St John’s University; Arch-
bishop Patrick Pinder,
Archbishop of the Catholic
Diocese of the Bahamas;
Monsignor Preston Moss,
vicar general of the
Bahamas’ Catholic Dio-
cese; Dr Betsy Vogel-Boze,
president of the College of
the Bahamas, and Basil
Christie, president of the
Saint John’s Bahamian
Alumni.

The event brought
together a group of more
than 40 Bahamian Saint
John’s Alumni who hold
various professions in the
private and public sectors.

In her remarks, Ambas-
sador Avant underscored
the significance of the rela-
tionship between St John’s
University and _ the
Bahamas. “Through your
ties to St John’s and this
prestigious network here
in the Bahamas, you
strengthen the bonds of
friendship that draw our
countries together,” said
Ambassador Avant. “The
United States and the
Bahamas have a strong
relationship that allows us
to face global challenges as
partners and you are the
face and the heart of that
relationship.”

The relationship between
St John’s University and
the Bahamas dates back to
1891, when Father

Chrysostom Schreiner,
OSB, arrived in Nassau
and started the Benedic-
tine mission in the
Bahamas which flourished
for 114 years until its clos-
ing in 2005. It was Father
Chrysostom who encour-
aged Bahamians Useph
Baker and Etienne
Dupuch, later Sir Etienne,
to make the journey north
to Collegeville to become
the first Bahamian gradu-
ates of St John’s.

In the late 1920s, Saint
John’s fifth abbot, Father
Alcuin Deutsch, built on
Father Chrysostom’s foun-
dation and assigned more
priests to reach towns and
settlements throughout the
islands of the Bahamas.

This led to the founding
of Saint Augustine’s Col-
lege for boys by Father
Frederick Frey, OSB, and
Saint Augustine’s
Monastery in Nassau
toward the middle of the
century.

The school achieved a
high reputation early on
and eventually grew to its
current stable enrollment
of 900 boys and girls.

To date, approximately
670 men of the Bahamas
have graduated Saint
John’s University attaining
various degrees in educa-
tion, law, medicine, and
becoming businessmen,
politicians, religious lead-
ers and the civil servants.

ROTARYCLUBNEWS

THE Rotary Club of Nassau is



holding its second annual

biathlon on Saturday with a
6am start at Arawak Cay.

Participants can enter to
compete in the five-mile

run or walk or the 25-mile —

biathlon race. There is
also a special wheelchair
division.

Registration is at 5.30am
on Saturday at Arawak Cay

or today from 6pm to 9pm at

the Cricket Club.

Children, adults and seniors are

welcome to register.







This biathlon is sponsored by RBC Finco, TRex Screen-
printing and Embroidery, Gatorade and Creative Edge.

First, second and third prizes in each bike/run category will
win gold, silver and bronze medals.

All entrants will receive a T-shirt.

“Walk/Push is a fun even and there will be no prizes
awarded for this category. Proceeds raised on this event
will go towards the Rotary Club of Nassau's annual chari-

ties,” organisers said.

For more information please e-mail info@rotarynas-

Sau.com.

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.





eee
a




ABOVE, FROM LEFT: Nelson

George, St John’s College

Alumni; Ava Thompson, wife

of Earl Thompson Jr, SJU

Alumni; Marici Thompson and

an Adderley, recruiters for
JU

RIGHT: Rev Robert Koop-
man, president of St John’s
University and US Ambas-
sador to the Bahamas Nicole
Avant.

LEFT: Basil Christie, MBE,
president of the St John’s
University Alumni gives
remarks at the reception.

2011 Directory
Publications Subscribers

The Bahamas Telecommunications Company Ltd (BIC)
advises the public that March 31, 2011 is the deadline for
Directory Publications subscribers fo make any claims of
error as stated in ltem 22 of the Terms and Conditions of
the advertising contract. There will be no compensation
for complaints of errors made after the deadline.

Customers should direct complaints as follows:

New Providence
summer Winds Plaza, Tonique Williams-Darling Hwy.
Ph. 322-9183 through ?

Grand Bahama
Seahorse Shopping Plaza * Ph. 352-2336

Family Islands
Toll Free 1-242-300-1997

Complaints may also be e-mailed to
yellowpages@btcbahamas.com

VISIT OUR WEBSITES AT
www.bahamasypages.com
www.bahamasypmobile.com

connected anijtimré... AnWhére...

GSE

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ig

BROADBAND |

ENTERPRISE | ‘WIRELESS | YOICE | DIRECTORY





PAGE 8, FRIDAY, MARCH 25, 2011

THE TRIBUNE



LOCAL NEWS



US Ambassator to the Bahamas challenges
young women to hecome leaders of tomorrow



CHALLENGE: US Ambassador to the Bahamas Nicole Avant gives
remarks at the STRAW Girls Leadership Conference.

US Ambassador to the
Bahamas Nicole Avant
encouraged more than 400
young women attending
STRAW’s seventh annual
Girls Leadership Conference
to become future leaders

STRAW - which stands
for “Strengthening Trans-
forming Restoring Affirming
Women” — organised the one-
day conference on March 18
for junior high, high school
and first year college female
students with the goal of
encouraging them to achieve
excellence in their academic
and personal lives.

As part of Ambassador
Avant’s ongoing commitment
to empowering girls, the US
Embassy partnered with
STRAW by sponsoring the
participation of 30 residents
from the Willie Mae Pratt
Centre.

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Yesterdays Question

Which Bahamian architect designed the new
straw market building in Bay Street?

Yesterdays Answer

Pat Rahming

Yesterdays Winners

Crystal Clarke
Melonie Inniss
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The young women who
took part in the conference
were given the opportunity to
network, learn new skills and
engage with adult role mod-
els.

The conference featured an
official opening ceremony
attended by Dame Marguerite
Pindling and a power lunch
where the Minister of State for
Social Development Loretta
Butler-Turner, Minister of
Youth, Sports and Culture
Charles Maynard and CEO
Network founder Deborah
Bartlett spoke to the girls.

Ambassador Avant encour-
aged the young women to
identify inspiring adults in
their school, community or
church and try to emulate
them. The US Ambassador
shared with the group that
one of her role models is First
Lady Michelle Obama who
transcended her humble

upbringing in Chicago
through hard work.

“You have the choice every
single day of your life to be
positive or negative. To
accept the things you can’t
change and still choose to be
grateful and happy,” said
Ambassador Avant. “You
have the choice to show up
and do your best or to stand
by and watch life pass you by
and complain.”

She also lauded Bahamian
women leaders including Dr.
Sandra Dean-Patterson, who
heads the Crisis Centre, Sen-
ators Allyson Maynard-Gib-
son, who the president of the
International Women’s

Forum, and Mrs Butler-Turn-
er for her commitment to
empowering young women
throughout The Bahamas.
“What I admire most about
my friend Minister Butler-
Turner is her strength to



116 students nominated to represent

shoot for the moon,” Ambas-
sador Avant told the STRAW
conference participants.

“She’s positive and con-
stantly says, ‘well, I don’t see
why not!’ People like Minister
Butler-Turner become lead-
ers because they make the
choice to see the glass half full
as opposed to half empty.”

The STRAW Centre locat-
ed in Palmdale opened ten
years ago to provide a safe
haven where young women of
all socio-economic back-
grounds receive support, train-
ing and guidance from posi-
tive role models who are com-
mitted to ensuring they reach
their full potential. STRAW
is a non-profit youth develop-
ment organisation focused on
mentoring young women
when they are most vulnera-
ble to challenges such as peer
pressure, low self-esteem and
bullying.

PAST STUDENT
OF THE YEAR
WINNERS: Sasha
Bain — 2000 win-
ner; Khes Adderley
— 2009 winner;
Jared Fitzgerald —
2010 winner;
Vashti Darling —
1997 winner;
Tenielle Curtis —
2003 winner.

Back row: Zachary
Lyons — 2002 win-
ner and George
Zonicle — 2006
winner.

schools in Primary School Student
of the Year Awards Programme

A THREE-month nation-
wide search for the best and
brightest primary school stu-
dents in the Bahamas has
resulted in the nomination of
116 students who will represent
their respective schools in the
15th annual Bahamas Primary

School Student of the Year
Awards Programme.

These students will be rep-
resenting Abaco, Acklins,
Andros, Berry Island, Bimini,
Cat Island, Crooked Island,
Eleuthera, Exuma, Grand
Bahama, Inagua, Long Island,

Legal Notice

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

FRANI HOLDINGS LIMITED

In Voluntary liquidation

“Notice is hereby given that in accordance with
Section 137 (4) of the International Business

Companies Act (No.

HOLDINGS LIMITED

45 of 2000),

FRANI

is in Dissolution.”

The date of commencement of dissolution is the

7th day of February 2011.

Derek Vernon Le Brun
43/45 La Motte Street
St. Helier, Jersey
JE4 8SD
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New Providence and San Sal-
vador.

The search was organised by
the Board of the Directors of
the Bahamas Primary School
Student of the Year Founda-
tion and the Executive Board
of the Bahamas Pan-Hellenic
Council.

In November 2010, the Foun-
dation presented each primary
school in New Providence,
Grand Bahama and the Family
Islands with an application
package to nominate one stu-
dent deserving of national
recognition.

Of those approached, 115
primary schools accepted the
opportunity to have their stu-
dents recognised among the
“Who’s Who in Primary
Schools in The Bahamas”.

Ricardo Deveaux, president
and chief executive officer of
the Bahamas Primary School
Student of the Year Founda-
tion, said: “Each year, a select
group of students are nominat-
ed to accept one of the most
prestigious national recognition
for primary school students in
this country. This awards pro-
gramme, which is the premier
programme for primary stu-
dents, is an excellent opportu-
nity to recognise those students
who have demonstrated excel-
lent academic achievement,
leadership ability, campus and
community involvement and
good citizenship.”

The 2011 nominees will vie
for the title of National Prima-
ry School Student of the Year,
with one overall winner to be
announced on Saturday at an
awards ceremony held at the
Golden Gates World Outreach
Ministries on Carmichael Road.

The 2011 Student of the Year
winner, finalists and nominees
are expected to share about
$100,000 in scholarships and
prizes.

An independent panel of
judges was assembled to iden-
tify the overall winner and
scholarship finalists.

The members panel of judges
are: Jacqueline Bethel — chair;
Autherine Turnquest-Hanna —
deputy chair; Philip Stubbs —
chief tally judge; Beryl Arm-
brister; Deborah Bartlett;
Rubyann Darling; Zelma Dean,
Lionel Elliott; Attorney Tyrone
Fitzgerald; Sister Mary Bene-
dict Pratt and Philip Simon.
“The judges had an extremely
difficult role because each nom-
inee comes qualified to be
selected as the Student of the
Year,” Mr Deveaux said.

To date, 1,189 students have
been recognised in the awards
programme and over a half mil-
lion dollars presented in schol-
arships and prizes.



PAGE 10, FRIDAY, MARCH 25, 2011

THE TRIBUNE



LOCAL NEWS



Only 14 per cent of COB
eraduates are male students

FROM page one

parts continues to grow, she
added. Her administration is
to create a taskforce to tackle
the problem and assess which
social or environmental prob-
lems are behind the dismal
rates.

"Tt's the males that I'm con-
cerned about because only 14
per cent of our graduates are
men and that's a shocking
number. When I look at the
numbers, the number of men
has been fairly stable from the
time we were created, there
have been a few hundred
more men but our growth has
all been through the enrol-
ment of women," she told a
meeting of the Zonta Club at
Luciano's restaurant yester-
day.

"To only have 14 per cent
of our graduates (as males) I
think is a frightening number
— what is happening to the
Bahamian males?"

When asked by The Tri-
bune what strategies she had
planned to counteract this, Dr
Boze said the problem needs
a multi-faceted approach.

"I'm going to be putting
together a task force and
would welcome anybody's
guidance on what is happen-
ing with the Bahamian males.
Why are they dropping out

HISTORIC
MOMENT"

FROM page one

sale yesterday.

"We are very pleased
that the FNM came here
in 2007 with 22 votes on
the floor and one on the
chair, we cast 22 votes on
the floor," said Mr Ingra-
ham, after the first reso-
lution was passed.

After the Speaker read
each resolution relating to
the sale, members of the
Opposition rose in dissent
forcing a division and roll
call of the votes. Each
government member vot-
ed in favour of the sale
while the official Opposi-
tion party and Mr
McCartney voted no.

As members voted on
the first resolution, Prime
Minister Hubert Ingraham
mistakenly voted against
the sale to CWC prompt-
ing members opposite to
cheer while Fox Hill MP
jumped to his feet and
danced in joy. He quickly
corrected his vote to yes.

On Monday, the House
of Assembly moved for
the adoption of three new
Buls: A Bill for an Act to
Facilitate the Privatisation
of the Bahamas Telecom-
munications Company
and for Connected Pur-
poses; A Bill for an Act
to Amend the Communi-
cations Act, 2009 and A
Bill for an Act to Amend
the Utilities Regulation
and Competition Author-
ity Act, 2009.

That same day, mem-
bers of the House of
Assembly also voted on
two resolutions - one to
confirm the transfer of
nine parcels of land from
the Treasurer to BTC,
upon or from which BTC
conducts business. The
second sought the
approval of the House for
the privatisation of BTC
and the sale of 51 per cent
of its shares to Cable and
Wireless.

The vote was "the final
process" before privatisa-
tion takes place, Prime
Minister Hubert Ingraham
said earlier this week.

Monday's vote was
passed by a vote of 23 to
14 all Opposition mem-
bers present at the time
voted no - three Opposi-
tion members were absent
at the time as was new
independent and former
FNM Mr McCartney.

e SEE PAGE THREE



because it’s not a problem
that happens once they get to
us, they are not graduating at
the same rates, they are not
applying to college at the
same rates and again that gap
continues to widen.

"Does this have to do with
gangs, or crime or drugs — I
don't know what the problem
is.
“T've also identified a
prospective US partner in a
city that is facing very similar
challenges that we might be
working with. Coming in as
an outsider I don't dare say I
understand what that prob-
lem is but I think we need to
look at it from many differ-
ent points of views and that
education is just one of the
symptoms of that.”

COB has about 5,000 stu-
dents enrolled at its main
campus in Oakes Field and
on the family islands but Dr
Boze said enrolment is lower
than other schools in the
region.

"The Bahamas is actually
losing ground compared to
many of our Caribbean neigh-
bours.

“We have fewer students
engaged as a percentage than
we did 20 years ago."

In her first public address
since assuming her post about
10 weeks ago, Dr Boze also
revealed that 80 per cent of

COB students are enrolled in
four-year baccalaureate pro-
grammes while the remaining

20 per cent are pursuing two-
year associate degrees or mas-
ter's programmes — an inver-



10 years ago.

sion of where the college was

She added that COB is well

Tim Clarke/Tribune staff

PRESIDENT OF THE COLLEGE of the Bahamas Dr Betsy Vogel Boze was a special guest speaker at Zonta Club of Nassau.

on its way to achieving uni-
versity status once a few addi-
tional benchmarks are met.

Flights diverted to Bahamas after fire at Miami Airport

FROM page one

were stranded at Miami International
Airport (MIA) as hundreds of flights
were cancelled.

Despite concerns that the blaze would
delay the arrival of tourists to the
Bahamas and cause reservation back-up
at hotels, this does not seem to have
been the case so far, according to offi-
cials at the Atlantis resort.

It was reported that a large fuel tank
caught fire on the southeast corner of
the airport where the farm is located,
cutting off at least 40 per cent of the
airport's fuel supply.

Miami International was forced to

cancel more than 169 flights, with that
number expected to rise.

An American Airlines representative
said no flights into Nassau were can-
celled yesterday, and that all six round-
trip flights today are scheduled to take
place.

He noted that some of the flights may
have been late because of the makeshift
refuelling methods being employed at
MIA, but that the Bahamas was “very
lucky, in that the flights to Nassau are all
the smaller American Eagle aircraft.
It’s the bigger planes that are taking
forever to refuel”.

However, many passengers travelling
to the Bahamas from other locations,
who were scheduled to use MIA as a

transit point, found themselves strand-
ed yesterday.

A Nassau Airport Development
(NAD) representative said while no
flight arrivals or departures to or from
Miami have been impacted, some flights
have been diverted to Sir Lyden Pin-
dling International to re-fuel.

According to NAD, two American
Airline planes have headed to Santa
Domingo and a IAN Chile flight en-
route to Ecuador were diverted to Nas-
sau yesterday morning.

Fuel retailers in New Providence
could not be reached for comment last
night.

According to US authorities, prelim-
inary investigations indicate the blaze

may have been caused by a malfunc-
tion near a fuel pipeline.

Meanwhile, a large-scale sickout by
civil servants in the Turks and Caicos is
affecting a number of airlines, including
Bahamasair, which operates three flights
a week between Nassau and Turks cap-
ital Providenciales.

Yesterday morning, the Turks Air-
ports Authority suspended operations at
all the country’s airports because of the
shortage of employees.

In addition to Bahamasair, the fol-
lowing airlines have been affected:
American Airlines, Air Canada, Conti-
nental, Delta, Jet Blue and US Airways
as well as a number of private carriers.

PM, GOVERNOR GENERAL TO ATTEND WEDDING

FROM page one

ment in the House of Assem-
bly yesterday.

The wedding will take
place on April 29 in West-
minster Abbey, London, and
will be a bank holiday in the
UK.

On February 16 and 17
three sets of guest lists were
sent out in the name of The
Queen. Royal protocol has
dictated that many guests (or
their successors in office) who
were invited to the wedding
of Charles, Prince of Wales,
and Lady Diana Spencer in
1981 need not be invited to
William's wedding.

More than half of the
guests will be family and
friends of the couple, though
there will be a significant
number of Commonwealth
leaders (including the gover-
nor-generals who represent
the Queen in Commonwealth
realms, prime ministers of the
Commonwealth realms and
heads of government of other

Commonwealth countries),
members of governments and
of religious organisations, the
diplomatic corps, several mil-
itary officials, members of the
British Royal Household,
members of foreign royal
families, and representatives
of William's charities and oth-
ers with whom William has
worked on official business.

Although St James's Palace
declined to publish the names
of those invited, a breakdown
of guests was published by
category — the list made no
mention of foreign heads of
state, though it was
announced that about 40
members of foreign royal
families had been invited.

The first list, about 1,900
people, is to attend the cere-
mony in the abbey.

The second list, about 600
people, is to the lunchtime
reception at Buckingham
Palace, hosted by the Queen
while the final list, about 300
people, is to an evening din-
ner, hosted by the Prince of
Wales.

FROM page one

after 3.30pm. The victim was taken to hospi-
tal but died of his injuries a short time later.
Police are questioning a 39-year-old man in
connection with the incident.

e A man believed to be 34-years-old died
yesterday after an attempted armed robbery.
According to police, a man entered Klassy

FROM page one

Mitchell even performing a
little jig — when Mr Ingra-
ham voted “No” on the first
of three resolutions paving
the way for the sale.

Their celebration was
short-lived however — Mr
Ingraham quickly correct-
ed his error, and once the
clamour died down, the
Clerk of the House of
Assembly confirmed that
the prime minister’s vote
has been recorded as “Yes”.

Speaking just before the
vote, Mr Ingraham told Par-
liament that it was unfortu-
nate that the leaders of the
BCPOU and the BCPMU

MAN DIES AFTER STABBING

Collections Boutique on Baillou Hill Road

South, just before 4pm and fired gunshots at
a male employee. The employee then pro-
duced a licensed shotgun and fired back, caus-

ing the man to flee. A second suspect stand-

ing at the door of the establishment report-
edly fired gunshots at the employee before
being killed by return fire.

PM’S ‘NO’ VOTE BRINGS
CHEERS FROM OPPOSITION

took the stance they did
against the sale of BTC.

Suggesting that these
union heads were in fact
being used as “pawns” by
the Progressive Liberal Par-
ty, Mr Ingraham said the
PLP should in fact pay a
portion of the unions now
“hundreds of thousands” of
dollars in legal bills owed
to the government follow-
ing their failed lawsuit to
block the deal.

Mr Ingraham said that if

union leaders Bernard
Evans and William Carrol
had listened to him earlier,
their respective unions
would not find themselves
with hefty legal obligations.

Mr Ingraham added that
the majority of Bahamians
still believe he has their best
interest at heart, and that is
why the opposition was
unable to cause the public
to “rise up” against the sale
— “even when you paid
them.”

FROM page one

He claimed there are unanswered
questions about the ownership and
financing of Bluewater and in his “per-
sonal opinion” he believes it was a
“fronting operation where foreigners
were fronting for Bahamians.”

He claimed government accountants
and members of the former PLP cabi-
net themselves have been unable to
answer the lingering questions.

Perry Christie, leader of the opposi-
tion, said all of the talk about a “deal”,
or preliminary sale agreement with
Bluewater, is “irrelevant” because the
government did not sign any contracts
with Bluewater.

“Tt was my handwriting that sus-
pended that deal. There was no deal. I
had to give instructions to the Cabi-
net secretary to execute the deal. What
I said was I do not recommend we pro-
ceed with this matter. It was too close
to the election,” said Mr Christie.

Mr Christie said he believed the
responsible action was to leave the
decision to the new administration
rather than rush it through. At that
late state, one day before the election,
he said “the government’s mandate

MINISTER CLAIMS BLUEWATER WAS A ‘FRONTING’ OPERATION

had come to an end.”

This decision, he said, was not a cri-
tique of the “quality” of the deal itself.
He said he was familiar with its con-
tents and supported it, although he was
not present at the final meeting when
Cabinet approved the resolution.

“T was 1,000 per cent behind the
deal. I would have supported the deal.
The quality of the deal was not in ques-
tion. I supported and would still stand
by it, but it became irrelevant because
I stopped it (on the basis of the
impending election),” said Mr Christie.

He said the government is trying to
“deflect public attention” with its talk
of Bluewater, because it “cannot
defend” its deal to sell 51 per cent of
the shares in BTC to Cable and Wire-
less Communications (CWC).

Mr Christie said claims by govern-
ment members that Bluewater was a
“shell company” were not legitimate,
because the Free National Movement
(FNM) government paid $1.9 million to
Bluewater in settlement.

“Tf Bluewater does not exist, and it is
only a shell company, to whom did the
FNM pay $1.9 million to, to get out of
the deal?” Mr Christie asked.

Instead of going through an inter-
national arbitration, “a fight which
could have lasted years”, the govern-
ment decided it was in its best interest
to settle. Mr Christie said the basis of
the arbitration was Bluewater claim-
ing to have had an agreement.

If Bluewater were to have purchased
BTC, Mr Christie maintained it would
have operated in the Bahamas as a
“stand alone company”; downsizing
would not have been “in the picture”;
and Bluewater was going to maximise
opportunities in the submarine cable to
Haiti and turn BTC into a regional
player.

Prime Minister Hubert Ingraham
maintains Bluewater would have been
“a disaster for BTC”. In his closing
remarks to Parliament, yesterday, Mr
Ingraham said: “How the unknown,
hastily established company, with
unknown principles could add value
to BTC and the Bahamas is an impor-
tant consideration.”

He said the reason the government
paid Bluewater was because the previ-
ous government had an agreement that
it would not “do business and talk to
anyone else for a certain period of

time.” Mr Ingraham claimed, if the
government breached that agreement it
had agreed to pay $2.5 million. Mr
Christie disputed the claim. Mr Ingra-
ham said the government was able to
negotiate the payment down to $1.9
million.

Bluewater was a company formed
in 2003, according to Desmond Ban-
nister, Member of Parliament for
Carmichael.

He said it was a “private equity
firm,” designed to buy and sell for a
profit, similar to companies who
engage in “house flipping.”

The deal that was on the table was to
sell 49 per cent of the shares in BTC for
$260 million to Bluewater. Mr Bannis-
ter said Bluewater was not interested in
“the majority of the shares”, because
that was not consistent with its business
model as a private equity firm.

Furthermore, Mr Bannister said, had
the former government sold more than
two per cent of its shares in BTC, it
would have effectively made Bluewater
the majority share holder.

Bluewater was engaged by the gov-
ernment during a “selective bidding
process” that was initiated after the
government rejected all of the bids in
the open offer.



THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 11



INTERNATIONAL NEWS

Gaza militants fire rockets deep into Israel

JERUSALEM
Associated Press

PALESTINIAN militants
in Gaza fired a new wave of
rockets that landed deep
inside Israel Thursday, defy-
ing Israeli retaliatory attacks
and threats.

As the violence threat-
ened to escalate the day
after a deadly Jerusalem
bombing, Israel got a boost
from the visiting U.S.
defense chief, who said no
country could tolerate the
“repugnant” attacks on its
soil.

Police said Gaza militants
fired 10 rockets and mortars
toward Israel Thursday,
including two rockets that
exploded north of the city of
Ashdod, a main Mediter-
ranean port city about 20
miles (30 kilometers) north
of Gaza — a first since Israel
and Gaza's Hamas rulers
reached an unofficial truce
following a three-week war
that ended in January 2009.
Israeli airstrikes hit a num-
ber of Gaza targets in retal-
iation throughout the day.

Neither side reported
injuries or said they wanted

a new fight. But the new
hostilities could easily spin
out of control, especially if
civilian deaths mount.

Wednesday's bombing
killed a British tourist, and
five members of a Jewish
family were slain while they
slept in a West Bank settle-
ment earlier this month.
Israel has blamed Palestini-
ans for both attacks.

Also this week, Israeli
shelling killed three children
and their uncle in Gaza. The
army said it was targeting
militants.

The fighting in Gaza has
been the fiercest since Israel
went to war there to try to
curb years of rocket attacks.
The fierce three-week offen-
sive killed some 1,400 Pales-
tinians, including hundreds
of civilians. Thirteen Israelis
also died. The volatile bor-
der has remained largely
calm since.

Israel says Hamas has
used the lull to rearm with
longer distance rockets that
can reach as far as Tel Aviv,
about 30 miles (50 kilome-
ters) from Gaza.

Defense Minister Ehud
Barak blamed Hamas for

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the rocket fire and vowed to
strike back.

"Israel will not tolerate
these terror attacks and we
will not allow terror to rise
once again in the region," he
said.

His tough stance was
backed by visiting U.S.
Defense Secretary Robert
Gates, who said that no sov-
ereign state could tolerate
rockets fired at its people.

"Israel, like all nations,
has the right to self-defense
and to bring to justice the
perpetrators of these repug-
nant attacks," he said.

Citing gag orders, Israeli
security officials have said
little about the investigations
into Wednesday's bus stop
bombing or the knife killings
two weeks ago.

Officials identified the vic-
tim of the Jerusalem bomb-
ing as Mary Jean Gardner, a
59-year-old British tourist
who had been taking courses
at Jerusalem's Hebrew Uni-
versity. In Washington, the
State Department said five
of the wounded were Amer-
icans, one of whom remains
hospitalized.

On Thursday President



ISRAELI police officers inspect the site of an explosion, in Jerusalem, Wednesday, March 23, 2011. A bomb
exploded near a crowded bus, wounding passengers in what appeared to be the first militant attack in the

city in several years. (AP)

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Barack Obama called Israeli
Prime Minister Benjamin
Netanyahu to offer condo-
lences. The White House
said Obama reaffirmed the
U.S. commitment to Israel's
security.

Police spokesman Micky
Rosenfeld said Jerusalem
and southern Israel remained
on a heightened state of alert.

Israeli counterterrorism
expert Boaz Ganor said the
bombing and knifing attacks
appeared to be individual ini-
tiatives, as opposed to the
organized attacks by militant
groups that Israel usually
faces.

The former usually kill
fewer people, but are more















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difficult to stop, he added.

"Israeli intelligence is
quite good in thwarting sui-
cide attacks," he said. "It
may be less able to deal with
local and personal attacks."

Israeli police officials,
speaking on condition of
anonymity because of the
sensitive nature of the inves-
tigations, said that even if
the attacks were individual
acts, Israel believes Hamas
guided and motivated the
attackers.

Yitzhak Reiter, a Mideast
expert at the Hebrew Uni-
versity, said Islamist groups
are currently seeking an
alternative to suicide bomb-
ings, which largely backfired

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in the last decade by turn-
ing world opinion against
them.

Peace talks between Israel
and Hamas' rival, Palestin-
ian President Mahmoud
Abbas, collapsed after the
2008 war, reviving only
briefly for three weeks in
September 2010.

Abbas, who rules on in the
West Bank, has rejected vio-
lence and condemned
Wednesday's bombing.

Hamas, which violently
wrested control of Gaza
from Abbas loyalists in June
2007, sees the diplomatic
standstill as proof that only
an armed struggle will win
the Palestinians a state.

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PAGE 12, FRIDAY, MARCH 25, 2011

THE TRIBUNE





INTERNATIONAL NEWS



WITH THE Washington Monument i in the background, cherry blossom trees pain bloom despite cold tem-
peratures in Washington, Thursday, March 24, 2011. (AP)

Cherry blossom
events begin with
solemn DC tribute

WASHINGTON
Associated Press

THE FLOWERING trees
that symbolize friendship
between the United States
and Japan are blooming for
the 99th time in Washington
in the wake of one of the
world's worst natural disas-
ters.

Before the two-week
National Cherry Blossom Fes-
tival opens Saturday, orga-
nizers will hold a fundraising
walk and vigil Thursday
evening among the trees for
victims of Japan's March 11
earthquake and tsunami. An
estimated 18,000 people have
been killed in the disaster.

"It's important that we're
taking time to reflect," said
festival director Diana May-
hew. The celebration is a sym-
bol of spring each year and
now of the rebirth and
rebuilding for Japan, she said.

"Our relationship with
Japan is at the heart,” she
said.

Japanese Ambassador Ichi-
ro Fujisaki told The Associ-
ated Press he is grateful for
such support from U.S. resi-
dents, though he declined to
ask for further donations. It's
too soon to know how Japan
will pay to rebuild the country
as the government is still
focused on search and rescue,

basic human needs and its
nuclear reactors, he said.

"Iam very grateful that
American people are volun-
tarily extending their hands,"
Fujisaki said. "This is really
an impressive show of good-
will."

Contributions for relief
efforts have lagged behind
fundraising totals in the days
after Haiti's earthquake and
after Hurricane Katrina to
this point, according to a tally
by the Chronicle of Philan-
thropy.

The cherry blossom tradi-
tion began with a gift of trees
from Japan in 1912. Then-first
lady Helen Taft and the wife
of Japan's ambassador plant-
ed the first two trees. About
100 of the original 3,000 trees
are still growing, while thou-
sands of others have been
replaced or grown from the
original trees’ genetic line.

During World War II, the
festival was suspended. Some
trees were vandalized in those
years, according to National
Park Service records. After
the war, the festival grew as
Japan rebuilt and a Washing-
ton group was formed to stage
the festival each year.

The festival draws about 1
million visitors and has
become big business for
Washington's tourism indus-
try. Nearly half the visitors

travel from out of town,
according to the city's tourism
bureau. A study of last year's
festival shows it generated
about $126 million in hotel
stays and other revenue.

For the first time this year,
the festival partnered with the
Arbor Day Foundation to
help people plant their own
cherry blossom trees in their
yards, touting their value to
birds, bees and other wildlife.

The Stand with Japan vigil
begins at 6:30 p.m. Thursday
on the Washington Monu-
ment grounds. Money raised
will go to American Red
Cross relief efforts. Festival
sponsors Safeway and Macy's
each announced $100,000
donations to the fund
Wednesday.

Many of Washington's 3,000
Yoshino cherry trees that cir-
cle the Tidal Basin near the
Jefferson Memorial were
beginning to bloom Thursday
morning. The National Park
Service has predicted they'll
be in peak bloom next Tues-
day through Friday.

"Nothing is in full bloom
yet," said Park Service
spokesman Bill Line, who not-
ed that cold overnight tem-
peratures in recent days would
preserve the flowers longer —
unless any storms bring strong
winds that can blow them

away.







‘Astounded'
at negative —

perceptions ; chain’ 40%

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

It is “extremely important”
that the Bahamas ensures the
global community and poten-
tial investors are aware of the
advances it has achieved in
meeting international tax
information exchange stan-
dards, with this key to “sus-
taining and growing” the
financial services sector, the

Ministry of Finance’s top legal :

advisor said yesterday.

Rowena Bethel, also the
lead negotiator for the
Bahamas in tax information
exchange matters, and execu-
tive commissioner of the
Compliance Commission, said
she was “absolutely astound-
ed” when attending a confer-
ence in Miami this week at
the extent to which the per-
ception remains that the
Bahamas 1s a financial ser-
vices centre shrouded in
banking secrecy.

“Twas amazed at just how
little was understood about
the efforts we have put into
improving our transparency in
the Bahamas. I was absolutely }
astounded when people were
still talking about banking
secrecy offshore,” Ms Bethel
said.

SEE page 6B

Lahour dispute
system: ‘Lot
to he desired

By NEIL HARTNELL
Tribune Business Editor

The Bahamas’ conciliation
system for resolving labour
disputes “leaves a lot to be
desired”, the Bahamas Cham-
ber of Commerce’s chief exec-
utive said yesterday, with this
week’s tripartite workshop on
mediation issues aiming to
reduce costs and time lost
over such situations.

Winston Rolle told Tribune
Business that the workshop,
which has involved some 30
representatives from the
Bahamian private sector,
trade unions and the Govern-
ment gathering at Mario’s
Bowling & Entertainment
Centre under the Internation-
al Labour Organisation’s
(ILO) watch, was designed to
ensure the three parties were
“on the same page” when it
came to resolving labour dis-
putes.

Acknowledging that the
three sides had “never really
executed” the Decent Coun-
try Work Programme for the
Bahamas, which they had all
signed off on in 2008, Mr
Rolle said that after consulta-
tion with the Trinidad-based
ILO representative, the deci-
sion was taken to make this
week’s workshop a three-way
one.

“At this point, we’re
focused specifically on media-
tion and conciliation,’ Mr
Rolle told Tribune Business,
“because if you have every-
one on the same page, it will
prevent a number of labour-
related matters going to the
Labour Board, going to the
courts, going to the Industrial
Tribunal - wherever.

“It’s very, very important,

SEE page 7B

THE TRIBUNE

u
ye



ine

FRIDAY,



MARCH 25,

s

2011

SECTION B e business@tribunemedia.net



CAPT. RAN bY BUTLER

By NEIL HARTNELL
Tribune Business Editor

Sky Bahamas is experienc-
ing “off the chain” growth in
passenger load factor, which
was up 40 per cent over 2010
comparatives during January
and February, as the Bahami-
an-owned carrier looks to add
more airplanes and routes
from this nation to the US.

Speaking with Tribune
Business yesterday, Captain
Randy Butler, Sky Bahamas’
chief executive, said Decem-
ber 2010’s passenger load fac-
tor across all routes was “up
50 per cent-plus”, and he

“AIRLINE? S TAX BILL $1.597M

A leading Bahamian-

i owned airline paid $1.597 mil-
: lion in taxes and fees last year,
? a sum close to 75 per cent of
? its annual wage bill, with its
: chief executive yesterday sug-
i gesting the entire domestic
? aviation sector was receiving

“no real and tangible” help

i with this burden from the
? Government.

Captain Randy Butler,

i head of Sky Bahamas, told
? the Rotary Club of West Nas-
? sau that the taxes and fees
i sum paid was inclusive of
i those paid to the Nassau Air-
? port Development Company
i (NAD), as well as Civil Avia-
? tion and the Government.
i Fees paid to NAD totalled
: between $60,000-$101,000 per
? month.

He later told Tribune Busi-

i ness the airline’s annual wage
: bill was around $2 million,
i meaning that the taxes/fees
? burden was equivalent to
: between 66-75 per cent of
i total salaries.

Contrasting the UK gov-

i ernment’s movement on the
: Air Passenger Duty (APD)
i charge with the Bahamian
i government’s stance on tax-
: ation of this nation’s domestic
? aviation sector, Captain But-
i ler said: “Sky Bahamas, in
i direct and indirect taxation,
} we paid $1.597 million, inclu-
: sive of NAD, and that’s for a
? small airline.

“We have no problem pay-

i ing that....... We pay our way,
? and as a corporate citizen we
? take our responsibilities seri-
i ously and live up to them. Sky
? Bahamas pays its way. We are
? current with NAD, current
? with Civil Aviation, current
? with all vendors. In fact, we
i have a $60,000 Business
i Licence fee to pay now.”

Noting that his company’s

because when persons have : Business Licence fee would
labour-related matters, if we : TCT CASS, ae Se ae
can stop them at the first stage } Lciciae i caine mee
rather than have lawyers : ‘rmnover (top line revenues),
involved and going to court, this } Captain Butler said the Gov-
will have a significant impact - } ¢Tmment’s plans to expand

not only resulting in avoiding } tourism beyond the “2 per
a battle, but avoiding tying up ;
the court’s time and the costto } Island to the rest of the

the business and individual as }

cent” of Nassau/Paradise

Bahamas was “a good plan”.
This strategy, though,

; would rely on the domestic,
: Bahamian-owned aviation

_ * Figure equivalent of 66-75% of Sky Bahamas’
_ annual wage bills
_ * Says domestic aviation sector receiving ‘no real

_ and tangible’ help on tax burden from government

By NEIL HARTNELL
: Tribune Business Editor

sector to distribute tourists
throughout the Family
Islands, and the Sky Bahamas
chief said: “The only problem
is there’s no support from
government in a real and tan-
gible way for domestic carri-
ers, when you look at the tax-
es and fees levied against us.”

SEE page 5B

Airline Sees ‘off the Bahamas waits
srowth

. Sky Bahamas says December passenger load factor up
-50%-plus, as it looks to add more routes and aircraft

Hi Company’s fuel costs up 39% in six months

2 Mi Warns ‘great exposure’ for Bahamas over no airport

_ certification system

_ Hl Suggests leasing Exuma airport to Sandals

added: “Most of the domestic
routes are doing exceptional-
ly. We’re definitely in a
growth cycle.”

Captain Butler added that
Sky Bahamas was now seek-
ing to “solidify our market
position”, explaining that the
carrier was now seeking to
acquire a “floating aircraft”
that would give it more planes
than routes serviced. This
would allow the extra aircraft
to be deployed on route sup-
port where it was needed.

Many other carriers, he

SEE page 4B

The information contained is from a third |
party and The Tribune can not be held
responsible for errors and/or omission |
from the daily report.



FAMILY GUARDIAN

INSURANCE COMPANY LIMITED



on OECD’s tax
peer review

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

The Bahamas awaits the imminent judgment of 96 coun-
tries on the Government’s efforts to conform with interna-
tional tax information exchange and transparency standards, fol-
lowing on from its 2009 “grey listing” by the Organisation for
Economic Cooperation and Development (OECD).

Rowena Bethel, legal adviser to the Ministry of Finance and
head negotiator for the Bahamas in tax information cooperation
matters, said the outcome of Phase I of the peer review by the
OECD’s 30-member Peer Review Group, and the 96-nation
Global Forum on Transparency and Exchange of Tax Infor-
mation, could potentially have “significant” implications for The
Bahamas given that it is unclear at this stage whether any puni-
tive sanctions will be imposed by the G-20 against those coun-
tries deemed to not be up to scratch.

Ms Bethel did not wish to speculate yesterday about the
outcome of the review, except to say that she feels The Bahamas
has “done a lot” to bring its legal and regulatory framework on
international tax cooperation up to global standards.

“We have just wrapped up Phase I of our peer review, which
was conducted by France and Jersey. The report has now been
forwarded to the Global Forum to be disseminated amongst its
96 members, so they will have a change to put forward their
views on the assessment of the Bahamas, to say if they agree or
disagree,” said Ms Bethel, who was addressing the Institute of
Internal Auditors on TIEAs at the Breezes Superclub on Cable

SEE page 5B

BAHAMASAIR MUST ‘TOP THE
LIST’ FOR PRIVATISATION

By NEIL HARTNELL

* Rival airline chief says
Tribune Business Editor

‘game is fixed’, with flag

Bahamasair should be “top _ carrier able to engage in

of the list” for privatisation, a ‘cing Vi
rival airline’s chief executive predatory pricing ue
said yesterday, charging that multi-million taxpayer
the “game is fixed” against subsidy report

the private sector due to the

< ‘
national flag carrier’s ability Problem arises from

to offer “predatory prices”

underwritten by multi-million

dollar taxpayer subsidies.
Captain Randy Butler, Sky

government being both sector
regulator and operator
* Suggests Bahamasair buyer

Bahamas’ chief executive,
said Bahamasair - which has

SEE page 5B

restructures fleet to serve
global market and get
tourists here

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PAGE 2B, FRIDAY, MARCH 25, 2011

THE TRIBUNE







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BAHA MAR

NASSAU, THE BAHAMAS

OUR TEAM HAS GROWN!

___12Noon Sunday + March 27,2011 Positive signs indicate we

must get down to business

BY SIMON COOPER
RES SOCIUS

am a great believer
in the power of the
Bahamian people to
fight their way out of
the recession and go forward
together strongly. After all,
are we not from immigrant
stock, and have we not built a
vibrant nation largely on our
own? The problem is that
sometimes we almost seem to
prefer to talk our nation
down, and overlook the good
news that is happening all
around us in the process.

Take the article about Sky
Bahamas published in the Tri-
bune on Monday. While some
Bahamian businesspeople are
still throwing hands up in the
air at the Baha Mar threat
they see to our local hospital-
ity industry, others are finding
more creative ways to
respond to foreign challenges.
As Sky Bahamas chief execu-
tive Randy Butler said, times
of depression are the best
time to be innovative and cre-
ative.

The Ministry of Tourism’s
sports director, Tyrone
Sawyer, inspired me, too, with
his words.

He believes that every busi-
ness has a responsibility to
help build our country, and
he is absolutely right.

That really is the nub, the
very core of the matter, is it
not? We are a series of tiny
islands whose main purpose
in the world’s mind is to pro-
vide Caribbean holidays. If
we drop our guard and get it
wrong, our customers will go
somewhere else, and we will
be as forgotten as poor Haiti
has become.

If we follow the lead of
Randy Butler, though, then
the opposite will more likely
follow.

Another welcome sign of
life for the economy this week
was the high level of reported
interest in the Common-
wealth Brewery initial public
offering (IPO). I would like
to see as many young
Bahamians in the 20-30 year-
old age group take advantage



of this opportunity to get into
the markets, for this will drive
a sense of pride and loyalty
in the brand that brewed our
first local beer. It could be the
yeast of other things.

But what does this all mean
to the rest of us? I can put my
finger on three important
things.

* There are rustlings every-
where that suggest our econ-
omy is about to turn. For-
eigners and locals alike are
prepared to invest in it, and
confidence begets confidence,
too.

* There are clear signs that
the American economy has
already turned. The Bahami-
an Central Bank is not alone
in predicting the return of
tourists in greater numbers
this year.

* Bahamians investing in
Commonwealth Brewery are
people expressing their belief
in the underlying strength of
our economy.

To me, the signs are clear.
The Bahamas is standing at
the doorway leading to pros-
perity for all. It is no longer
locked tight. It is our respon-
sibility as Bahamians to push
it open, walk through and lit-
erally get down to business.

NB: Res Socius was found-
ed by Simon Cooper in 2009,
and is a business brokerage
authorised by the Bahamas
Investment Authority. He has
extensive private and public
SME experience, and was for-
merly chief executive of a
publicly traded investment
company. He was awarded an
MBA with distinction by Liv-
erpool University in 2005.
Contact him on 636-8831 or
write to simon.cooper@resso-
cius.com.

Baha Mar is delighted to announce the addition of nine Bahamian team members.
We welcome each member to our dedicated team with open arms!

Iram Lewis
Principal
fram Lewis Architecture
(contracted by CCA Bahamas Ltd.)

Hire Date: January 2011

Cindy McPhee- Cox
Receptionist Director af Architecture
Hire Date: January 12, 2011 lram Lewis Architecture
(oontracted iy | ‘CA Bahamas Lb.)
Hire Date: January 2011

Lezelye Sands
Manager/ Financial Reporting

Hire Dates March 14,2011

Regina Medley

[Employed by CCA Bahamas Ltd)
Hire Date i

farch 2 2011

ONea Grant
Executive Assistant

Hire Date: March 7, 2011





THE TRIBUNE



FRIDAY, MARCH 25, 2011, PAGE 3B



EPA ‘line in the sand’ over Canadian talks

Bahamas ‘very, very close’ to submitting first
soods and services offer in CaribCan talks

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Considering the demands
of the Economic Partnership
Agreement (EPA) with
Europe “a line in the sand”
that it does not wish to go
beyond with Canada, the
Bahamas is “very, very close”
to submitting its first goods
and services offers as part of
negotiations over that trade
agreement.

As with the EPA signed
between CARICOM and the
EU, the Caricom-Canada
trade agreement will replace a
previous non-reciprocal trade
agreement established
between that country and the
Caribbean region.

That 1986 agreement pro-
vided for duty-free access for
Caribbea goods into the
Canadian market, but will be
replaced with a reciprocal
agreement that will demand
similar duty-free access for
Canadian goods coming into
the Caribbean. The deal will
also, for the first time, set out
the terms of the liberalised
trade in services between the
two partners.

Director of Economic Plan-
ning in the Ministry of
Finance, Simon Wilson, said
that whereas the preservation
of access for Bahamian goods,
such as crawfish, into Euro-
pean markets was the prima-
ry driver for Bahamian par-
ticipation in the EPA process,
ensuring this nation maintains
its competitive advantage in
the region for Canadian

investment is the key incen-
tive behind the Bahamas’ pur-
suit of the “Carib-Can” trade
deal.

“The Bahamas is the single
largest destination for Cana-
dian investment in the
Caribbean. Royal Bank of
Canada, First Caribbean,
these are all Canadian banks.
So we have to participate or
we lose our competitive
advantage against our com-
petitors - our colleagues - in
the Caribbean,” said Mr Wil-
son.

Seminar

He was addressing auditors
at a seminar organised by the
Institute of Internal Auditors
yesterday.

Broadly speaking, Mr Wil-
son explained that trade deals
such as the EPA and Carib-
Can seek to remove barriers
to trade between nations,
through achieving tariff
reductions, the regulation of
access for goods into each




other’s markets, and the “har-
monising” of requirements for
investment and provision of
services between participat-
ing nations.

He noted that while such
agreements are not described
as “tax agreements”, they
have “clear implications” for
tax revenue, as they demand
the reduction and eventual
elimination of border tariffs
such as Customs duties,from
which this nation derives the
majority of its revenue.

While no draft text of the
agreement is yet available for
public consumption, said Mr
Wilson, assumptions can be
made about the form the deal
will take based on previous
trade agreements thrashed
out between Canada and oth-
er nations.

“Tf you look at the text, all
they have done is scratch out
‘Perw’ and write ‘Caricom’....”
quipped Mr Wilson, referring
to the Canada-Peru trade
agreement and its similarities
to the CaribCan talks.

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* General administration and development of the staff.

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Or Fax (242) 326-2568
and should be received at the office on or before 1 April 2011. Telephone
contacts are:

(242-326-2566)
(242-323-1928)





Full Text



PAGE 1

N ASSA U AND BAHAMA ISLANDS LEADING NEWSPAPER V olume: 107 No.102FRIDAY, MARCH 25, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER SUNNY, LIGHTWINDS HIGH 85F LOW 72F B U S I N E S S SEEBUSINESSFRONTPAGE S P O R T S Airline sees off the chain 40% growth SEESECTIONE Records fall on day one By TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunemedia.net THE sale of 51 per cent of BTC's shares to Londonb ased Cable & Wireless was passed in the House of Assembly by a vote of 22 to1 8 last night in what Prime M inister Hubert Ingraham called an "historic" moment. The vote paves the way for t he shares to be sold to CWC and brings the 14-year pri vatisation process to an end. A fter the votes were cast o n the resolutions, Prime Minister Hubert Ingraham remarked that his party came into the House with 22 seats on the floor, one in the Speaker's chair and currentlyh as the same number, a reference to the departure of newly-independent BambooT own MP Branville McCartney who voted against the TRY OUR D OUBLE M cFISH The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM Historic moment as BTC sale passed BAHAMASBIGGEST CARSFORSALE, HELPWANTED ANDREALESTATE I N S I D E 22 to 18 vote ends 14-year process of pr iv atisation SEE page 10 By TANEKA T HOMPSON Tribune Staff Reporter tthompson@ t ribunemedia.net MALE students account for only 14 per cent of the graduates from the College of the Bahamas, says new COB President Dr BetsyV ogel Boze. The statistic is evidence of a "frightening" development, mirrored in low college enrolment rates by Bahamian males while enrolment and graduationo f their female counterBy NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net BLUEWATER Ventures Limited, the frontrunner in the BTC privatisation process under the Progressive Liberal Party government, was a fronting operation, claimed Zhivargo Laing, Minister of Finance, in the House of Assembly yesterday. PRIME MINISTER Hubert Ingraham and Governor General Sir Arthur Foulkes, with their wives, will be attend ing the Royal Wedding of Prince William and Kate Middleton. Mr Ingraham made the announceBy CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net A NUMBER of flights were diverted to New Providence for refuelling yesterday following a fuel tank fire at Miami Inter national Airport on Wednesday night. Thousands of outbound passengers SEE page 10 MINISTER CLAIMS BLUEWATER WAS A FRONTING OPERATION MINISTER OFFINANCE Zhivargo Laing ONLY 14% OF COB GRADUATES ARE MALE STUDENTS SEE page 10 FLIGHT S DIVERTED TO BAHAMAS AFTER FIRE A T MIAMI AIRPORT SEE page 10 PM AND GOVERNOR GENERAL TO ATTEND ROYAL WEDDING SEE page 10 LEFT: Prime Minister Hubert Ingraham in the House of Assembly yesterday. ABOVE: The Opposition vote against the sale of 51 per cent of BTC's shares to London-based Cable & Wireless. BTCVOTEINHOUSEOFASSEMBLY Felip Major/Tribune staff FNM MPs expected their former colleague Branville McCartney to join the PLP in voting against the BTC sale last night, but they were momen tarily thrown into confusion by an unexpected defection that of Prime Minister Hubert Ingraham himself. The Opposition, on the other hand, exploded into cheers Fox MP Fred PMS N O V OTE BRINGS CHEERS FR OM OPPOSITION SEE page 10 PRIME Minister Hubert Ingraham expressed his satisfaction and that of his administration with the conclusion of the Parliamentary process authorising the pri vatisation of BTC and the sale of 51 per cent of the shares in the company to Cable and Wireless Communications Plc. (CWC He thanked the High Command and the members of the Royal Bahamas Police Force for the professional manner in which they conducted themselves over the past few weeks. In particular the Prime Minister commended the RBPF for their profes sionalism and discipline during what were potentially volatile situations as protests by individuals opposed to the privatisation process turned unruly and unpredictable in and around the houses of parliament. The Prime Minister said the Bahamian public can be reassured by the level of good judgment and diligence exhibited by the RBPF. This, he said, was evidence of the experience of a well-trained and disci plined Force. PM THANKS ROYAL BAHAMAS POLICE F ORCE AFTER BTC VOTE A 29-YEAR-OLD man died yesterday after being stabbed multiple times. According to police, the man was visiting a home at Lily of the Valley Corner when an altercation with a male resi dent led to him being stabbed shortly SEE page 10 MAN DIES AFTER STABBING

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By LAMECH JOHNSON SCHOOLS in New Providence had the opportunity to showcase the fruits of their labour at the Ministry of Educations three-day Agricultural Science Exhibition att he Kendal G L Isaacs gymn asium this week. Patrice Green, an officer from the ministrys Science and Technology division, said that it is important to show what schools are doing in this f ield as many Bahamians are unaware that agriculture science is a part of the school curriculum. People call radio shows and say that agriculture needs to be taught in the schools,s he told T he Tribune. T he event, which started Tuesday and ended yesterday, highlighted the various agriculture programmes at primary schools, junior and senior high schools in Nass au, and how farming is being taught as a potential career choice. Shantell Dean, one of the 11th graders at Government High School, displayed work from their agri-science pro-g ramme. These are pottage vegetables and plants. Weve grown English thyme, egg plants, cabbages, among other things. She said that the project t ook a couple of months, but with hard work and team w ork it went well. Other schools grew green peppers, cucumbers, squash, tomatoes and other greens. R M Bailey seniors pres ented a very unique ecofriendly project that 12th g rade students from last year had done as an assignment at that high school. Marlon Johnson, a prefect at R M Bailey, explained how they made a strong andd urable, yet lighter cement p ot using three different components. They made a styrocrete p ot using cement, peat moss and styrofoam. To get the desired shape, the styrocrete is manually pressed into a clay pot. However plastic must be placed inside the pot before pressing the mix, he s aid. Breneya Murphy, deputy h ead girl at R M Baily, said the mixing process was the s ame as making concrete. K achiri McPhee added t hat the drying process only t akes about six hours in the sun. S tudents and science teachers from other schools went around taking notes thatc ould be used for projects at their schools. Ms Green said March is science month for her ministry and the science and technology department has had a series of science relatede vents which allowed Family Island schools to participate. The Agricultural Science E xhibition attracted 13 schools. L OCAL NEWS P AGE 2, FRIDAY, MARCH 25, 2011 THE TRIBUNE By CELESTE NIXON T ribune Staff Reporter cnixon@tribunemedia.net THERE may be some light at the end of the tunnel for residents of the All Saints Camp AIDS shelter, according to a senior civil servant. The camp has been without electricity and running w ater for a month, after BEC shut off the power in r esponse to a $78,000 unpaid bill. But director of Social Services Mellany Zonicle told The Tribune yesterday that her department soon will be meeting with All Saints directors and following the meeting will determine whether to provide financial assistance. The camp, on Lazaretto Road, provides room and board to adults and children with HIV/AIDS, other illnesses, and the impoverished. Residents of the camp say life has been difficult and uncomfortable over the last several weeks water has to be carried from a nearby public pump and flashlights are being used sparingly at night. "It's really tough, but I was here for five years, and to know they won't kick me out of the place is a blessing, said a 36-year-old female resident who lives at the camp with her children. I don't have nowhere to go; I'm living in a three bedroom place with a bathroom and kitchen." Another resident who was referred to the camp by Social Services because she is homeless, appealed to the government to help All Saints turn the lights back on. She said: "I prefer being at the camp; I have my family but I feel better at the camp. I scared of darkness so I'd like for them (Social Services) to please help us and turn our light on. The resident added that if it were not for the camp, she would be homeless, starving on the streets, maybe even dead. Meanwhile, the centre is appealing to the public to make a direct donation to BEC on behalf of the 58 residents of the camp. All Saints Camp may see light at end of the tunnel Schools show fruits of labour at Agricultural Science Exhibition A BOVE: S hantell Dean, one of the 11th graders at Government High School, displayed work from their agri-science programme. B ELOW: S tudents take notes at the exhibition. Social Services Dept to meet with directors

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By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net THE Bahamas Telecommunications Company is no sacred cow and not the birthright of Bahamians, said Zhivargo Laing in the House of Assembly yesterday. The Minister of State for Finance said BTC is a business entity created to deliver a service. He said the corporation is an important one to the economy of the Bahamas, but is not a sacred thing that no one can touch. He said the true birthright of Bahamians is the opportunity to maximise their potential, and to achieve this end, the country needs a robust telecommunications sector. We need an economy more fit to take advantage of the opportunities and meet the challenges of the 21st century. We need a leaner, more flexible, more dynamic, more robust, more innovative, more productive, more creative economy, said Mr Laing. Such an economy will generate more jobs, better jobs, better paying jobs, more businesses, more profitable businesses, more diversified businesses. Such an economy will help to finance the broader human hopes, dreams and aspirations of our people, enable them todo for themselves, so they dont have to be dependent on any politicians or group of politicians, he said. Mr Laing claimed the gov ernment would like to liberalise the market immediately, how ever, it felt BTC was not currently a company that could survive in a competitive market. He said the government sought to determine, How do we create an open competitive market while ensuring that we do not kill the company we own today? They found the company required new and more advanced technology; new management approaches; new skills not just technical skills but innovative skills; access to capital; new network facilities; new business processes and valuable branding. Cable and Wireless Communication (CWC strategic partner that can bring most if not all of the improve ments BTC needs. Throughout the privatisa tion process, Mr Laing said, none of the interested compa-n ies valued BTC at the price for which some members of the public claimed it was worth. He said there were claims that the value of BTC was $600800 million. However, the bids throughout the process ranged between $229 million and $531 million. The majority of the offers valued the company at less than $400 million. With the governments sale of BTC to CWC, Mr Laing said the company is valued at $429 million. He added that none of the major global telecom providers were interested in BTC. Making his contribution to the debate, Progressive Liberal Party leader Perry Christie said that during the bidding process under his former government, it was a buyers market, not a sellers market and that the $130 million price offered for 49 per cent of BTC shares was not acceptable. H e said the government sub sequently engaged in an aggressive process to improve the competitiveness and value of BTC. LOCAL NEWS T HE TRIBUNE FRIDAY, MARCH 25, 2011, PAGE 3 EACH parliamentarian cast identical votes on all three resolutions paving the way for BTC to be sold to Cable and Wireless Communications. The votes were recorded as follows: 1. Desmond Bannister, Carmichael YES 2. Carl Bethel, Sea Breeze YES 3. Larry Cartwright, Long Island and Ragged Island YES 4. Sidney Collie Blue Hills YES 5. Earl Deveaux, Marathon YES 6. Kenyatta Gibson, Kennedy YES 7. Neko Grant, Lucaya YES 8 V ernae Grant Eight Mile Rock YES 9. Hubert Ingraham, North Abaco YES 10. Edison Key, South Abaco YES 11. Charles Maynard, Golden Isles YES 12. Hubert Minnis, K illarney Y ES 13. Phenton Neymour, South Beach YES 14. Brensil Rolle Garden Hills YES 15. Kenneth Russel, High Rock YES 16. Brent Symonette, St Annes YES 1 7. K wasi Thompson, Pineridge YES 18. Loretta Buttler Turner, Montagu YES 19. Tommy Turnquest, Mount Moriah YES 20. Byron Woodside, Pinewood YES 21. Kendall Wright, Clifton YES 22. Zhivargo Laing, Marco City YES 1. Shane Gibson, Golden Gates NO 2. Picewell Forbes, South Andros NO 3. Philip Brave Davis, Cat Island, San Salvador, Rum Cay NO 4. V Afred Gray, MICAL NO 5. Melanie Griffin, Yamacraw NO 6. Oswald Ingraham, South Eleuthera NO 7. Perry Christie, Centreville NO 8. Glennys Hanna-Martin, Englerston NO 9. Branville McCartney, Bamboo Town NO 10. Fred Mitchell, Fox Hill NO 11. Anthony Moss, Exuma NO 1 2. B ernard Nottage, Bain and Grants Town NO 13. Vincent Peet, North Andros NO 14. Ryan Pinder, Elizabeth NO 15. Cynthia Pratt, St Cecilia NO 16. Alfred Sears, Ft Charlotte NO 17. Frank Smith, St Thomas More NO 18. Obie Wilchombe, West End and Bimini NO 22 yea 18 nay Laing: BTC no sacred cow FREEPORT Grand Bahama Island Administrator Don Cornish has been re-assigned to New Providence after reportedly receiving death threats. According to sources in Freeport, a complaint has been filed with the police regarding the threats against Mr Cornish. He has now been assigned to the Licensing Section of the Ministry of Finance, located in the Prime Ministers Office in Nassau. Angela Pratt-Rolle has been temporarily assigned Island Administrator, and will be working from the Prime Ministers Office in Freeport. However, The Tribune contacted a Bahamas Information Services (BIS cial, who stated that Mr Cor nish was only appointed administrator for a short period, and that his tenure had ended. HOUSE OF ASSEMBLY: THE BAHAMAS TELECOMMUNICATIONS VOTE ZHIVARGO LAING how they VOTED We need an economy m ore fit to take advantage of theo pportunities and meet the c hallenges of the 21st century. ZHIVARGO LAING MAKINGAPOINT: PLP Leader Perry Christie during the House debate. Mr. Christie later voted no. ISL AND ADMINIS TRATOR REASSIGNEDAFTER DEATHTHREAT F e l i p M a j o r / T r i b u n e s t a f f

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EDITOR, The Tribune. I confess that Im not politically-minded. I j ust happened to be on Bay Street yesterday and pass the barricades on my way home from a hospital clinic (the bus stop is still on Bay Street), and bumped into persons wearing placards. It was good to see people engaging in a fairl y good-humoured, peaceful demonstration against something with which they, and perhaps their political party, disagreed. B ecause Im not particularly interested in current politics, it was purely by accident that this morning I let the radio dial stray onto 1540 AM at a time when members of parlia ment were talking about the bill to sell BaTelCo. To tell the truth, I wouldnt sell anything to do with communications. Maybe Ive watched too many spy thrillers and read too many James Bond novels, but I think theres some thing special about communications; one does not let control of communications slip from ones hand! Letting go of our major communications system to foreigners is like having an outsider in the confines of our homes all the time! I know it would render me, for one, vulnerable. I dont feel easy being vulnerable, but thats just me. What I really took up pen to paper to say is that I was delighted to hear t he delivery in the debate of the member from South Andros, Mr Picewell Forbes. Thats not just because he graduated from the College of The Bahamas and UWI he couldve graduated from anywhere; its what he does with his degree(sM r Forbes presented an impassioned treat ment of the question of our belief in us as individuals and as a nation. True, he mighth ave been a bit questionable about the number of Bahamian presidents of COB, but I thought his speech was excellent. Im all for appreciating the contributions of foreigners to the building of the modern Bahamas, but not at the expense of making us look as though we still need to be potty-trained as a people. We have to grow up beyond politics, partisanship, and social and economic enclaves. Otherwise, well never succeed as an inde pendent nation. Thank you. TELCINE E TURNER ROLLE Nassau, March 22, 2011. EDITOR, The Tribune. I have spent the last two weeks looking at the nation and people of the Bahamas, a ttempted to write letters and found myself reaching some rebellious conclusions about w hat answers and remedies should be about. S peaking to an older friend r eminded me that life is not a bout answers, there are a nswers for more things than there are questions. His sage response to What is democracy? was, Have you answered the question in your own country? He was refer ring to the fact that we in the Bahamas take our cues from how people are doing things everywhere else in the world, it is not too original, but it takes away the responsibility of being responsible, since the idea came from somewhere else. And when you think of it, that is how the country has progressed a lot of outside help and money, with Bahamians acting like tourists most of the time. At the end of my looking, I h ad the opportunity to view, on one of the local television stations a discussion on the p rivatisation of BTC, the talk show host had some members of a political party giving theirv iew on the process. I t was amazing, the amount of information that came outo f it, there were answers for everything, until the moderator asked a question that was not anticipated. He wanted to know what was that particular partys policy on the privati-s ation, seeing that they had a ttempted the same process, some time ago. They were not able to give an answer, and t hen the host reminded them t hat their position had changed from what it previ-o usly was, and the reply was that that was the nature of politics. T he host was able to pin down one of the rising stars in t he party and his reply was t hat they did not have a policy on BTC, but they had a m odel that they were following. I wanted the host to push for a further explanation of that model, but they ran out of time. Lately, it seems like most o f the answers the public is getting are more like opinions; everybody has one. Wem ust come to the place where we are able to ask the quest ions to whoever is leading our nation or who would liket o lead and not get out of their face until the answers are forthcoming. I am getting ticked about t he BTC issue, primarily b ecause the public is not being told what is happening and/or the bodies involved in the process are not informed o n the issues that they are addressing and this exercise up to now is more about persons maintaining their lifestyles or various groups of persons promoting social unrest. The historic reality is that technology renders a judg-m ent that government legislation cannot protect anybody from, except you are living ina dictatorship, and those of us who think we are gainings omething by promoting batt les are wasting time and m oney. W e became a democracy in 1 967, but it took us 25 years to g et our voices, and even withi n that time frame persons who should have known better made an attempt to ban dialect from the airwaves. What is a Democracy? It is when persons who wered emocratically elected exercise transparency in their dealings with the persons who elected them, and those who would like to be elected give a fair and impartial presentation of what they do know and would like to see, leaving nothing out. Anything else is politicking. EDWARD H UTCHESON Nassau, March 21, 2011. E DITORIAL/LETTERS TO THE EDITOR P AGE 4, FRIDAY, MARCH 25, 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 Insurance Management Building., P.O. F-485, Freeport, Grand Bahama WASHINGTON President Barack Obama said he was setting clear and unmistakable terms for the U.S. role in Libya: It would be limited, lasting days, not weeks, and its purpose was to protect Libyan citizens. But that's not the way it's turned out. Less than a week later, the mission has been clouded by confusion and questions about who's in charge and who's doing what all while the k illing of civilians is going on. The Pentagon claims success in establishing an effective no-fly zone over much of Libya that has grounded Col. Moammar Gadhafi's aging air force. But Gadhafi's tanks and troops are still targeting civilians on the ground. The administration seeks to minimize current disputes over the reins of leadership, suggesting everything will fall in place quickly, idea lly by this weekend. There are some doubters. "It could still all come around very quickly in our favour. But if that's to happen, we will have to apply much more intensive military power in an effort to make this succeed," said Aaron David Miller, a former top State Department Mideast negotiator in Republican and Democratic administrations. But it doesn't appear to me, given the constraints acting upon us and our own reservations, that we're prepared to do that," said Miller, now with the Woodrow Wilson Centre, a for eign-policy think tank. "Right now, it appears to be settling into a stalemate which isn't terribly hurting on the Gadhafi side." Obama also faces a sceptical audience on Capitol Hill. House Speaker John Boehner, R-O hio, wrote to the president saying he and others "are troubled that U.S. military resources were committed to war without clearly defining for the American people, the Congress and our troops what the mission in Libya is and what America's role is in achieving that mission." Boehner said Obama so far had made a "lim ited, sometimes contradictory case" for the action. There also seems to be a disconnectb etween Obama and his military commanders. He keeps emphasizing that the U.S. is just one of many players in the coalition. But in their brief ings, the generals and admirals sound like the Pentagon is running the show, at least for now. To date, the air attacks on Libyan targets have been predominantly American. In a 24hour period as of late Wednesday, 175 sorties were flown, 113 by the United States, U.S. NavyR ear Adm. Gerald P. Hueber told reporters from the U.S. command ship in the Mediter ranean Sea. His portrayal suggested a long slog might lie ahead. "We have no indication that Gadhafi's forces are adhering to United Nations Resolu tion 1973," which authorized the establishment of a no-fly zone and demanded that government forces pull back from population centres, s aid Hueber, chief of staff for U.S. operations. "Our intelligence today is there's no indication that Gadhafi's forces are pulling back." U.S. Defence Secretary Robert Gates no doubt reflected the views of many military commanders when he warned weeks ago that establishing a no-fly zone was a big, complicated operation tantamount to an act of war and one with questionable viability. Gates, visiting Cairo on Wednesday, said he couldn't predict when the international military enforcement of a no-fly zone over Libya might end but suggested the U.S. could turn over c ontrol of the operation as soon as Saturday. Gates said no one thought the assault would last only two or three weeks, but he could not say how the coalition operation might be resolved. For now, at least, the U.S. remains the ad hoc boss of the operation, now in its fifth day, with no certainty about who will take over or when. Talks are continuing in Brussels, headquarters of the North American Treaty Organ ization. The U.S. wants NATO to take the command and control lead in overseeing coalition forces. U.S., European, Arab and African officials have been invited to a meeting in London next Tuesday to discuss outstanding political and logistical issues. Richard Downie, an Africa expert at the Washington-based Centre for Strategic and International Studies, said the United States' l ead role in the operation was lasting longer than he'd expected. Obama has ruled out U.S. troops on the ground, and did so again Wednesday in an inter view with the Spanish-language network Univi sion. Wrapping up a Latin American trip, Obama said a land invasion of Libya was "absolutely" out of the question. Asked about an exit strategy, Obama did n ot lay out a vision for ending the international action. "The exit strategy will be executed this week in the sense that we will be pulling back from our much more active efforts to shape the environment," he said. "We'll still be in a support role, we'll still be providing jamming and intelligence and other assets that are unique to us, but this is an international effort that's designed to accomplish theg oals that were set out in the Security Council resolution," he said. Many strategic issues have yet to be resolved. For instance, if the rebels are able to retake the military offensive, will the coalition provide air support as they seize territory or attack government troops? "Nothing will be more dangerous to the effectiveness of the coalition's cause than not agree-i ng on why we are all there and what we intend to do," said former U.S. Under Secretary of State Nicholas Burns. Secretary of State Hillary Rodham Clinton urged patience. The biggest success of the operation so far "a humanitarian crisis that thank fully didn't happen (in Benghazi enough attention, she told reporters Wednesday. Still, she acknowledged, "Challenges remain s o long as Gadhafi continues to direct his forces to attack his own people." (This article was written by Tom Raum of the Associated Press). Transparency and fairness key to democracy LETTERS l etters@tribunemedia.net Libya mission clouded by confusion -RE 9DFDQF\$QHVWDEOLVKHG1DVVDXEDVHGFRPSDQ\ VHHNVWRWKHSRVLWLRQRI $VVLVWDQW $GPLQLVWUDWRULQWKH3URFXUHPHQWDQG $VVHWDQDJHPHQW/RJLVWLFV'HSW $OODSSOLFDQWVSRVVHVVWKH IROORZLQJ &ROOHJHGHJUHHLQ%XVLQHVV$FFRXQWLQJ ,7NQRZOHGJH 7KHDELOLW\WROHDUQTXLFNO\ 7KHDELOLW\WRZRUNLQGHSHQGHQWO\ $QH\HIRUGHWDLOV ([FHOOHQWFRPPXQLFDWLRQDQGWHDPZRUN VNLOOV2QO\FRPPLWWHGKDUGZRUNLQJDQGVHOI PRWLYDWHGSHUVRQVQHHGDSSO\5HVXPHVVKRXOGEHVXEPLWWHGWRMREYDFDQF\EV#KRWPDLOFRP$OOUHVXPHVPXVWEHUHFHLYHGE\ WK 0DU Delighted by Picewell Forbes excellent speech EDITOR, The Tribune Re: Robin Hood owner shocked by PMs comments. The Tribune, March 17, 2011. THE article mentions a permanent resident having near ly all the same rights as a Bahamian citizen. True, but freedom of speech does not appear to be one of them. KEN W KNOWLES, MD Nassau, March 19, 2011. Rights, yes but what about fr eedom of speech? 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.

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S ECOND homeowners in a gated development in GuanaC ay, Abaco have raised complaints over what they feel is the poor management of their associations maintenance funds. They claim there has been no electricity at Orchid Bay Yacht Club and Marina for weeks, and no fuel at its marina since last August. T he homeowners feel these conditions indicate the unsustainable nature of the communitys expansion plans. Frustrated by what they claim is the continued lack of amenities promised under their purchase agreement, and for which they continue to pay mainte nance fees, cottage owners penned a letter asking for an audit of the associations records. The letter, sent by the cottage owners Cay of Sea Ltd, read: In short, the representations made to us at time of purc hase a casually elegant resort lifestyle replete with sumptuousa menities, including a sparkling waterfront pool, tennis court, a fully resourced marina, an ele gant restaurant and so much more come up woefully short. Gardening efforts seemed non-existent or reduced, the pavilion and its beach area were unkempt, the roadways were inn eed of repair, the gate to the gated community was not policed, the restaurant was closed, there was no water in the pool, and the marina had no fuel available. Guana Cay residents urged the government to give careful consideration to Orchid Bay's $400 million development plans in November. In a strong letter of opposition addressed to Prime Minis ter Hubert Ingraham and Deputy Prime Minister Brent Symonette, the residents expressed fears that the develo pment was too large for the island to sustain. T he development was approved last year, with officials maintaining that the plans received satisfactory assessments. It was announced that the development would create 200 jobs on the island if approval is given to expand the marina toe ncompass 324 boat slips, sell more private lots and build a Rosewood brand hotel. However, with 200 boat slips already established on the 9.25 square mile island at Baker's Bay marina nearby, and an existing marina at Orchid Bay, some residents fear expansion would threaten the environ ment. Management at Orchid Bay could not be reached for com ment. Several messages were left over the last two weeks, however there has been no response to date. LOCAL NEWS T HE TRIBUNE FRIDAY, MARCH 25, 2011, PAGE 5 .,'=&,7< By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT A 27-yearo ld Lucaya man was charged with murder in the Freeport Magistrates Court yesterday. Leonard Lenny Barnett, a resident of No 2 Spinney Road, appeared in Court Two b efore Magistrate Andrew Forbes. It is alleged that on March 7 the accused, while concerned with others, intentionally caused the death of 42-y ear-old Patrick Russell of Lewis Yard. Mr Russell was sitting in his c ar on an unpaved road b etween Weddell and Bruce Avenues in the Garden Villas area when someone in anoth-e r vehicle opened fire on him. His death was classified as the islands second homicide f or the year. Barnett was not r equired to enter a plea to the murder charge. He was remanded to Fox H ill Prison and the matter was adjourned to May 23, when a preliminary inquiryw ill be held to determine if t here is sufficient evidence for him to stand trial for murder in the Supreme Court. 27-year-old man charged with murder A CANADIAN man vacationing with his wife in E xuma is believed to have drowned on Wednesday. Exuma police received information that a man was f ound in an unresponsive state at Stocking Island at around 12.30pm. According to report, a husband and wife were swimming when the incident occurred. T he 57-year-old native of Ottawa, Canada wasr etrieved from the water and taken to the local clinic where he was pronounced dead. M eanwhile in Nassau, police are investigating two shootings. T he first occurred around 1 1.15pm on Wednesday at Peach Street. A 22-year-old man was d riving his 1997 Honda Saber through Peach Street when some unknown per son or persons fired gunshots which resulted in the victim receiving multiplei njuries to the body, police r eported. The victims vehicle was a lso damaged. The victim was taken to hospital by emergency medi cal personnel, where he is in serious but stable condition. T he second shooting took place around 1.15am on Thursday at Price Street,N assau Village. T wo men were standing outside a home when they heard gunshots being fired. One the men, aged 29, received gunshots injuries to his back and leg. T he victim was taken to hospital via private vehicle,w here he is detained in sta ble condition. Canadian man believed to have drowned in Exuma By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net F REEPORT Police are investigating the apparent drowning of a boat captain at the old cement factory dock near Freeport Harbour. A round 6pm on Tuesday, police received a call from the Freeport Harbour Company explaining that a boat captain had fallen overboard and was found unresponsive. A sst Supt Hector Delva, a ssistant police press officer, reported that officers were dispatched to the old cement factory dock where they found the body of a light-skinned m an lying on the deck at the stern of a boat with a rope tied a round his waist. The deceased man was clad in jeans and a beige striped polo shirt. The body was taken to the Rand Memorial Hospital w here the man was officially p ronounced dead. A SP Delva said investigations into the incident will continue. The mans identity is being withheld pending notification of his next of kin. FIREARM AND DRUGS FOUND A shotgun and a small quantity of drugs were discovered in an abandoned twos torey building on Adventurers Way, police reported. A SP Hector Delva said that D rug Enforcement Unit offic ers, acting on a tip, went to a building on Adventurers Way sometime after noon on Tuesday. During a search of the b uilding, they discovered a brown handled sawn-off shotg un along with a plastic ziplock bag containing a small quantity of a substance suspected to be marijuana. No arrests were made and the incident is still under i nvestigation. Police investigate apparent drowning of boat captain Gated development homeowners complain about management of maintenance funds T HE Ministry of Works and Transport will host ani nformation meeting today f or business owners and residents of Abundant Life Road concerning upcoming road works. The meeting will take place from noon to 6pm att he Abundant Life Church. Engineers will discuss the scope of the work, which is planned to extend into the Soldier Road area. T he ministry also said the New Providence Road Improvement and Infrastructure project will be upgrading the sewer main between School Lane (near C R Walker High School) and Lewis Street (south of St Agnes Church School Hall) from Thursday, March 24 for two weeks, from 9pm to 5am. Motorists are advised that there will be traffic diversions in place with partial and full closures to carry out the works. Motorists are asked to observe traffic manage ment signs in place and trav el with caution while the work is being carried out, the ministry said in a state ment. Ministry of Works to host information meeting on upcoming road works COURT BRIEF MEETING: Pictured are the road works in Prince CharlesD rive. The Ministry of Works a nd Transport will host an infor mation meeting today for business owners and residents ofA bundant Life Road concerning upcoming road works.

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By NATARIO McKENZIE T ribune Staff Reporter n mckenzie@tribunemedia.net THE trial of an American girl and a Bahamian man charged in the murder of Anna Garrison came to an abrupt end yesterday w ith a judge discharging the j urors and ordering a retria l. The decision by Senior Justice Jon Isaacs came following a closed court hearing yesterday afternoon, the s econd day of the trial. O nly two witnesses had t estified; the last being P ennsylvania state trooper T odd Hershey. Zyndall McKinney, 23, of Isabella Boulevard, and the teenage girl are accused of the murder of Mrs Garris on. I t is alleged that between S unday, February 25 and Saturday, July 4, 2009, McKinney and the girl, being concerned together, caused the death of the victim. Mrs Garrison's badly d ecomposed body was discovered in a bushy area off Fox Hill Road South near the Blue Water Cay development on Saturday, July 4, 2009 at around 6.20pm. Prosecutors claim that she had been stabbed multiple times. Attorney Murrio Ducille applied for bail yesterday afternoon on behalf of his c lient McKinney. He a rgued that there was no e vidence whatsoever against his client and there was nothing to suggest that he was a flight risk. Mr Ducille also noted that McKinney had been in custody for almost two y ears. A ttorney Elliot Lockhart, w ho represents the American girl, also applied for bail on behalf of his client. He submitted that considering the evidence, she should not even be in custody. C rown attorney Ambrose A rmbrister objected to bail, n oting that the accused could still be tried in a reasonable time. Senior Justice Isaacs denied both bail applications noting the serious nature of the charge. H e also noted that if the a ccused cannot be afforde d a trial within a reasonable time frame, they could reapply for bail. FOLLOWING the success of Quartetto Gelatos performance in February, the Nassau Music Society is now presentinga special piano and violin duo. Canadian violinist Alexander DaCosta and pianist Wonny Song will hold two concerts for the Bahamian public. The first will be held on Tuesday at 8pm at Government House; the second concert will take place on Wednesday at 8pm at St Pauls Church Hall, Lyford Cay. Both concerts are under the patronage of Governor General Sir Arthur Foulkes. Alexandre DaCosta was born in Montral Canada in 1979 and showed an uncom mon interest for both the violin and piano at a very early age. By the age of nine, he had the ability to perform his first con certs on both instruments, which brought him recognition as a musical prodigy. In 1998, at the age of 18, he received a Masters degree in violin and a first prize from the Conservatoire de Musique du Qubec. Concurrently, he also received a Bachelors degree in Piano Interpretation from the faculty of music of the University of Montreal. In 2002, he won the Sylva Gelber Foundation Award for best Canadian artist under 30 years old. Between 2003 and 2 006, after winning the Musical Instrument Bank competition of the Canada Council for the Arts, he played the 1689 Baumgartner Stradivarius. Mr DaCosta now plays the 1727 "Di Barbaro" Stradivarius and a Sartory bow, courtesy of Canimex. W onny Song, a Canadian national, was born in South Korea and grew up in Montral He began piano studies at the age of eight and received a full scholarship to Philadelphias Curtis Institute of Music in 1994. He earned a Bachelors degree from Montreal Univer s ity in 1998 and continued his studies with Anton Kuerti at the University of Toronto and at the Glenn Gould Profes sional School with Marc Durand. Awarded the first Elinor Bell F ellowship at the University of Minnesota in 2000, he completed his doctoral studies there with Lydia Artymiw in 2004. The Washington Post classes Wonny Song as a versatile, intelligent, and deeply musical young pianist. He has started an interna t ional career with encore appearances in the Young Con cert Artists Series in New York at Carnegies Zankel Hall, at the Kennedy Centres Terrace Theater in Washington, DC as soloist with the Peoria Sym phony (IL phony, the Toronto Sympho n y, the National Arts Center Orchestra of Ottawa, and the EuroAsian Philharmonic Orchestra in Korea and Thai land to name a few. The Music Societys current season ends next month with two concerts by John O'Conor, an Irish pianist and Beethoven specialist, on April 9 and 10. L OCAL NEWS PAGE 6, FRIDAY, MARCH 25, 2011 THE TRIBUNE Judge discharges jurors, orders retrial in murder case Nassau Music Society to present piano, violin duo CANADIAN VIOLINIST Alexander DaCosta (above Wonny Song. SAN JUAN, Puerto Rico A ssociated Press Former Haitian dictator Jean-Claude "Baby Doc"D uvalier has been hospital ized, his attorney said Thursday, refusing to disclose the nature of the ailm ent or any other details about his condition. Duvalier, who made a s urprise return to Haiti in January, was taken to the hospital Wednesday, lawyer Reynold Georges said in a brief phone interview with The Associated Press. Georges said he was with Duvalier but could not pro vide any information about his ailment. "I'm his lawyer, not his doctor," Georges said. Earlier, Duvalier's longtime companion, Veronique Roy, denied he had been hospitalized, say ing he was "under observa tion." The 59-year-old former dictator made an abrupt return to Haiti in January after 25 years in exile and has appeared at times to move with difficulty, spark ing speculation that he has been ill. He has been living in a villa in the hills above Portau-Prince under police guard as a judge investi gates whether he can be charged with a long list of crimes, including corruption and torture, commit ted while he was "president for life" in the impoverished Caribbean nation. There have been no restrictions on his movement and he has been spotted attending a jazz concert in Petionville and has been receiving a stream of visi tors at the house. Duvalier was ousted in a popular uprising against what was widely considered a brutal and corrupt regime. He assumed power in 1971 at age 19 following the death of his notorious father, Francois "Papa Doc" Duvalier. L AWYER: 'BABY DOC' DUVALIER TAKEN TO HOSPIT AL IN HAITI

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IN RECOGNITIONof the educational relationship St Johns University h as established with the B ahamas and in honour of its president, Rev Robert K oopmann, United States A mbassador to the Bahamas Nicole Avant h osted a reception for St J ohns University alumni l ast Saturday. St John's is considered o ne of America's top C atholic universities and has its campus in Collegeville, Minnesota. Guests included former US Ambassador to the Bahamas John Rood, Steve Halverson, vice-chair of t he Board of Regents, St J ohns University; Rob C ulligan, vice-president for I nstitutional Advancement, S t Johns University; Archb ishop Patrick Pinder, Archbishop of the Catholic Diocese of the Bahamas; Monsignor Preston Moss, vicar general of the Bahamas Catholic Dio cese; Dr Betsy Vogel-Boze,p resident of the College of the Bahamas, and Basil Christie, president of the S aint Johns Bahamian A lumni. The event brought together a group of morethan 40 Bahamian Saint J ohns Alumni who hold various professions in the private and public sectors. I n her remarks, Ambassador Avant underscored the significance of the rela tionship between St Johns U niversity and the B ahamas. Through your ties to St Johns and this prestigious network herei n the Bahamas, you strengthen the bonds of friendship that draw our countries together, saidA mbassador Avant. The United States and the Bahamas have a strong relationship that allows usto face global challenges as partners and you are the face and the heart of thatr elationship. T he relationship between S t Johns University and the Bahamas dates back to 1891, when Father Chrysostom Schreiner, O SB, arrived in Nassau and started the Benedictine mission in the B ahamas which flourished for 114 years until its closi ng in 2005.It was Father Chrysostom who encouraged Bahamians Useph B aker and Etienne Dupuch, later Sir Etienne, t o make the journey north to Collegeville to become the first Bahamian gradu-a tes of St Johns. In the late 1920s, Saint J ohns fifth abbot, Father Alcuin Deutsch, built on Father Chrysostoms foun dation and assigned more p riests to reach towns and settlements throughout the islands of the Bahamas. T his led to the founding o f Saint Augustines Col lege for boys by Father Frederick Frey, OSB, and Saint AugustinesM onastery in Nassau toward the middle of the century. T he school achieved a high reputation early on and eventually grew to its current stable enrollmento f 900 boys and girls. T o date, approximately 670 men of the Bahamas have graduated SaintJ ohns University attaining various degrees in education, law, medicine, and b ecoming businessmen, politicians, religious lead ers and the civil servants. LOCAL NEWS T HE TRIBUNE FRIDAY, MARCH 25, 2011, PAGE 7 THE Rotary Club of Nassau is holding its second annual biathlon on Saturday with a 6am start at Arawak Cay. Participants can enter to compete in the five-mile run or walk or the 25-mile biathlon race. There is also a special wheelchair division. Registration is at 5.30am on Saturday at Arawak Cay or today from 6pm to 9pm at the Cricket Club. Children, adults and seniors are welcome to register. This biathlon is sponsored by RBC Finco, TRex Screenprinting and Embroidery, Gatorade and Creative Edge. First, second and third prizes in each bike/run category will win gold, silver and bronze medals. All entrants will receive a T-shirt. Walk/Push is a fun even and there will be no prizes awarded for this category. Proceeds raised on this event will go towards the Rotary Club of Nassau's annual charities, organisers said. For more information please e-mail info@rotarynas sau.com. R O T AR Y C LUB N EWS US Ambassador hosts St Johns University alumni reception A BOVE, FROMLEFT: N elson George, St Johns College Alumni; Ava Thompson, wife of Earl Thompson Jr, SJU Alumni; Marici Thompson and Judy Adderley, recruiters for SJU. R IGHT: R ev Robert Koopman, president of St Johns U niversity and US Ambass ador to the Bahamas Nicole A vant. LEFT: Basil Christie, MBE, p resident of the St Johns University Alumni gives remarks at the reception. Shar e your news The Tribune wants to hear fr om people who are making news in their neighbourhoods. Perhaps you ar e 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.

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US Ambassador to the B ahamas Nicole Avant encouraged more than 400 y oung women attending STRAWs seventh annual Girls Leadership Conference t o become future leaders STRAW which stands for Strengthening Transforming Restoring Affirming Women organised the oneday conference on March 18 f or junior high, high school and first year college female students with the goal of e ncouraging them to achieve e xcellence in their academic a nd personal lives. A s part of Ambassador Avants ongoing commitment t o empowering girls, the US E mbassy partnered with STRAW by sponsoring the participation of 30 residents from the Willie Mae Pratt C entre. The young women who took part in the conference were given the opportunity to network, learn new skills ande ngage with adult role mode ls. T he conference featured an official opening ceremony attended by Dame Marguerite Pindling and a power lunch where the Minister of State forS ocial Development Loretta B utler-Turner, Minister of Youth, Sports and Culture Charles Maynard and CEO Network founder Deborah B artlett spoke to the girls. A mbassador Avant encouraged the young women to identify inspiring adults int heir school, community or church and try to emulate them. The US Ambassadors hared with the group that o ne of her role models is First Lady Michelle Obama who transcended her humble upbringing in Chicago through hard work. You have the choice every single day of your life to bep ositive or negative. To a ccept the things you cant c hange and still choose to be grateful and happy, said Ambassador Avant. You have the choice to show up and do your best or to standb y and watch life pass you by a nd complain. She also lauded Bahamian women leaders including Dr. Sandra Dean-Patterson, who h eads the Crisis Centre, Sena tors Allyson Maynard-Gibson, who the president of the International WomensF orum, and Mrs Butler-Turner for her commitment to empowering young woment hroughout The Bahamas. What I admire most about my friend Minister ButlerTurner is her strength to shoot for the moon, Ambassador Avant told the STRAW conference participants. Shes positive and cons tantly says, well, I dont see w hy not! People like Minister B utler-Turner become leaders because they make the choice to see the glass half full as opposed to half empty. The STRAW Centre locate d in Palmdale opened ten y ears ago to provide a safe haven where young women of all socio-economic backgrounds receive support, traini ng and guidance from posit ive role models who are committed to ensuring they reach their full potential. STRAWi s a non-profit youth development organisation focused on mentoring young womenw hen they are most vulnerab le to challenges such as peer pressure, low self-esteem and bullying. A THREE-month nationwide search for the best and brightest primary school students in the Bahamas has resulted in the nomination of 116 students who will represent their respective schools in the 15th annual Bahamas Primary School Student of the Year Awards Programme. These students will be representing Abaco, Acklins, Andros, Berry Island, Bimini, Cat Island, Crooked Island, Eleuthera, Exuma, Grand Bahama, Inagua, Long Island, New Providence and San Salvador. The search was organised by the Board of the Directors of the Bahamas Primary School Student of the Year Founda tion and the Executive Board of the Bahamas Pan-Hellenic Council. In November 2010, the Foundation presented each primary school in New Providence, Grand Bahama and the Family Islands with an application package to nominate one stu dent deserving of national recognition. Of those approached, 115 primary schools accepted the opportunity to have their stu dents recognised among the Whos Who in Primary Schools in The Bahamas. Ricardo Deveaux, president and chief executive officer of the Bahamas Primary School Student of the Year Foundation, said: Each year, a select group of students are nominat ed to accept one of the most prestigious national recognition for primary school students in this country. This awards pro gramme, which is the premier programme for primary students, is an excellent opportu nity to recognise those students who have demonstrated excellent academic achievement, leadership ability, campus and community involvement and good citizenship. The 2011 nominees will vie for the title of National Primary School Student of the Year, with one overall winner to be announced on Saturday at an awards ceremony held at the Golden Gates World Outreach Ministries on Carmichael Road. The 2011 Student of the Year winner, finalists and nominees are expected to share about $100,000 in scholarships and prizes. An independent panel of judges was assembled to identify the overall winner and scholarship finalists. The members panel of judges are: Jacqueline Bethel chair; Autherine Turnquest-Hanna deputy chair; Philip Stubbs chief tally judge; Beryl Arm brister; Deborah Bartlett; Rubyann Darling; Zelma Dean, Lionel Elliott; Attorney Tyrone Fitzgerald; Sister Mary Benedict Pratt and Philip Simon. The judges had an extremely difficult role because each nominee comes qualified to be selected as the Student of the Year, Mr Deveaux said. To date, 1,189 students have been recognised in the awards programme and over a half million dollars presented in schol arships and prizes. L OCAL NEWS PAGE 8, FRIDAY, MARCH 25, 2011 THE TRIBUNE )5$1,+2/',1*6/,0,7(' RWLFHLVKHUHEJLYHQWKDWLQDFFRUGDQFHZLWK 6HFWLRQRIWKH,QWHUQDWLRQDO%XVLQHVV &RPSDQLHV$FWRRI )5$1, +2/',1*6/,0,7(' LVLQ'LVVROXWLRQ 7KHGDWHRIFRPPHQFHPHQWRIGLVVROXWLRQLVWKH WKGD 'HUHNHUQRQ/H%UXQ 6W+HOLHU-HUVH\ /LTXLGDWRU 116 students nominated to represent schools in Primary School Student of the Year Awards Programme US Ambassador to the Bahamas challenges young women to become leaders of tomorrow P AST STUDENT OF THE YEAR WINNERS: Sasha B ain 2000 winner; Khes Adderley 2009 winner; Jared Fitzgerald 2010 winner; Vashti Darling 1997 winner;T enielle Curtis 2003 winner. Back row: Zachary Lyons 2002 winner and George Zonicle 2006 winner. C HALLENGE: U S Ambassador to the Bahamas Nicole Avant gives remarks at the STRAW Girls Leadership Conference.

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L OCAL NEWS P AGE 10, FRIDAY, MARCH 25, 2011 THE TRIBUNE sale yesterday. We are very pleased that the FNM came here in 2007 with 22 votes on t he floor and one on the chair, we cast 22 votes on the floor," said Mr Ingra h am, after the first reso lution was passed. After the Speaker read each resolution relating tot he sale, members of the Opposition rose in dissent forcing a division and roll c all of the votes. Each government member voted in favour of the salew hile the official Opposi tion party and Mr McCartney voted no. As members voted on t he first resolution, Prime Minister Hubert Ingraham mistakenly voted againstt he sale to CWC prompt ing members opposite to cheer while Fox Hill MP jumped to his feet and danced in joy. He quickly corrected his vote to yes. On Monday, the House of Assembly moved for the adoption of three new Bills: A Bill for an Act to Facilitate the Privatisation of the Bahamas Telecom munications Company and for Connected Purposes; A Bill for an Act to Amend the Communications Act, 2009 and A Bill for an Act to Amend the Utilities Regulation and Competition Author ity Act, 2009. That same day, mem bers of the House of Assembly also voted ontwo resolutions one to confirm the transfer of nine parcels of land from the Treasurer to BTC, upon or from which BTC conducts business. The second sought the approval of the House for the privatisation of BTC and the sale of 51 per cent of its shares to Cable and Wireless. The vote was "the final process" before privatisa tion takes place, Prime Minister Hubert Ingraham said earlier this week. Monday's vote was passed by a vote of 23 to14 all Opposition mem bers present at the time voted no three Opposi tion members were absent at the time as was new independent and former FNM Mr McCartney. SEEPAGETHREE He claimed there are unanswered questions about the ownership and financing of Bluewater and in his personal opinion he believes it was a fronting operation where foreigners were fronting for Bahamians. He claimed government accountants and members of the former PLP cabi net themselves have been unable to answer the lingering questions. Perry Christie, leader of the opposi tion, said all of the talk about a deal, or preliminary sale agreement with Bluewater, is irrelevant because the government did not sign any contracts with Bluewater. It was my handwriting that suspended that deal. There was no deal. I had to give instructions to the Cabinet secretary to execute the deal. What I said was I do not recommend we proceed with this matter. It was too close to the election, said Mr Christie. Mr Christie said he believed the responsible action was to leave the decision to the new administration rather than rush it through. At that late state, one day before the election, he said the governments mandate had come to an end. This decision, he said, was not a critique of the quality of the deal itself. He said he was familiar with its contents and supported it, although he was not present at the final meeting when Cabinet approved the resolution. I was 1,000 per cent behind the deal. I would have supported the deal. The quality of the deal was not in question. I supported and would still stand by it, but it became irrelevant because I stopped it (on the basis of the impending election), said Mr Christie. He said the government is trying to deflect public attention with its talk of Bluewater, because it cannot defend its deal to sell 51 per cent of the shares in BTC to Cable and Wireless Communications (CWC Mr Christie said claims by govern ment members that Bluewater was a shell company were not legitimate, because the Free National Movement (FNM Bluewater in settlement. If Bluewater does not exist, and it is only a shell company, to whom did the FNM pay $1.9 million to, to get out of the deal? Mr Christie asked. Instead of going through an international arbitration, a fight which could have lasted years, the govern ment decided it was in its best interest to settle. Mr Christie said the basis of the arbitration was Bluewater claiming to have had an agreement. If Bluewater were to have purchased BTC, Mr Christie maintained it would have operated in the Bahamas as a stand alone company; downsizing would not have been in the picture; and Bluewater was going to maximise opportunities in the submarine cable to Haiti and turn BTC into a regional player. Prime Minister Hubert Ingraham maintains Bluewater would have been a disaster for BTC. In his closing remarks to Parliament, yesterday, Mr Ingraham said: How the unknown, hastily established company, with unknown principles could add value to BTC and the Bahamas is an important consideration. He said the reason the government paid Bluewater was because the previous government had an agreement that it would not do business and talk to anyone else for a certain period of time. Mr Ingraham claimed, if the government breached that agreement it had agreed to pay $2.5 million. Mr Christie disputed the claim. Mr Ingra ham said the government was able to negotiate the payment down to $1.9 million. Bluewater was a company formed in 2003, according to Desmond Bannister, Member of Parliament for Carmichael. He said it was a private equity firm, designed to buy and sell for a profit, similar to companies who engage in house flipping. The deal that was on the table was to sell 49 per cent of the shares in BTC for $260 million to Bluewater. Mr Bannister said Bluewater was not interested in the majority of the shares, because that was not consistent with its business model as a private equity firm. Furthermore, Mr Bannister said, had the former government sold more than two per cent of its shares in BTC, it would have effectively made Bluewater the majority share holder. Bluewater was engaged by the government during a selective bidding process that was initiated after the government rejected all of the bids in the open offer. Mitchell even performing a little jig when Mr Ingraham voted No on the first of three resolutions paving the way for the sale. Their celebration was short-lived however Mr Ingraham quickly corrected his error, and once the clamour died down, the Clerk of the House of Assembly confirmed that the prime ministers vote has been recorded as Yes. Speaking just before the vote, Mr Ingraham told Par liament that it was unfortunate that the leaders of the BCPOU and the BCPMU took the stance they did against the sale of BTC. Suggesting that these union heads were in fact being used as pawns by the Progressive Liberal Party, Mr Ingraham said the PLP should in fact pay a portion of the unions now hundreds of thousands of dollars in legal bills owed to the government follow ing their failed lawsuit to block the deal. Mr Ingraham said that if union leaders Bernard Evans and William Carrol had listened to him earlier, their respective unions would not find themselves with hefty legal obligations. Mr Ingraham added that the majority of Bahamians still believe he has their best interest at heart, and that is why the opposition was unable to cause the public to rise up against the sale even when you paid them. after 3.30pm. The victim was taken to hospital but died of his injuries a short time later.P olice are questioning a 39-year-old man in connection with the incident. A man believed to be 34-years-old died y esterday after an attempted armed robbery. According to police, a man entered Klassy Collections Boutique on Baillou Hill Road South, just before 4pm and fired gunshots at a male employee. The employee then pro d uced a licensed shotgun and fired back, caus ing the man to flee. A second suspect standing at the door of the establishment report e dly fired gunshots at the employee before being killed by return fire. ment in the House of Assem bly yesterday. The wedding will take place on April 29 in West minster Abbey, London, and w ill be a bank holiday in the UK. On February 16 and 17 three sets of guest lists were sent out in the name of The Queen. Royal protocol has dictated that many guests (or their successors in office) who were invited to the wedding of Charles, Prince of Wales, and Lady Diana Spencer in 1981 need not be invited to William's wedding. More than half of the guests will be family and friends of the couple, though there will be a significant number of Commonwealth leaders (including the governor-generals who represent the Queen in Commonwealth realms, prime ministers of the Commonwealth realms and heads of government of other Commonwealth countries), members of governments and o f religious organisations, the diplomatic corps, several military officials, members of theB ritish Royal Household, members of foreign royal families, and representatives of William's charities and oth-e rs with whom William has worked on official business. Although St James's Palace declined to publish the names of those invited, a breakdown of guests was published by category the list made no mention of foreign heads of state, though it was announced that about 40 members of foreign royal families had been invited. The first list, about 1,900 people, is to attend the cere mony in the abbey. The second list, about 600 people, is to the lunchtime reception at Buckingham Palace, hosted by the Queen while the final list, about 300 people, is to an evening din ner, hosted by the Prince of Wales. were stranded at Miami International Airport (MIA were cancelled. Despite concerns that the blaze would delay the arrival of tourists to the Bahamas and cause reservation back-up at hotels, this does not seem to have been the case so far, according to offi cials at the Atlantis resort. It was reported that a large fuel tank caught fire on the southeast corner of the airport where the farm is located, cutting off at least 40 per cent of the airport's fuel supply. Miami International was forced to cancel more than 169 flights, with that number expected to rise. An American Airlines representative said no flights into Nassau were cancelled yesterday, and that all six roundtrip flights today are scheduled to take place. He noted that some of the flights may have been late because of the makeshift refuelling methods being employed at MIA, but that the Bahamas was very lucky, in that the flights to Nassau are all the smaller American Eagle aircraft. Its the bigger planes that are taking forever to refuel. However, many passengers travelling to the Bahamas from other locations, who were scheduled to use MIA as a transit point, found themselves stranded yesterday. A Nassau Airport Development (NAD flight arrivals or departures to or from Miami have been impacted, some flights have been diverted to Sir Lyden Pindling International to re-fuel. According to NAD, two American Airline planes have headed to Santa Domingo and a IAN Chile flight enroute to Ecuador were diverted to Nassau yesterday morning. Fuel retailers in New Providence could not be reached for comment last night. According to US authorities, prelim inary investigations indicate the blaze may have been caused by a malfunction near a fuel pipeline. Meanwhile, a large-scale sickout by civil servants in the Turks and Caicos is affecting a number of airlines, including Bahamasair, which operates three flightsa week between Nassau and Turks capital Providenciales. Yesterday morning, the Turks Air ports Authority suspended operations at all the countrys airports because of the shortage of employees. In addition to Bahamasair, the fol lowing airlines have been affected: American Airlines, Air Canada, Continental, Delta, Jet Blue and US Airways as well as a number of private carriers. Only 14 per cent of COB graduates are male students parts continues to grow, she added. Her administration is to create a taskforce to tackle t he problem and assess which s ocial or environmental probl ems are behind the dismal rates. "It's the males that I'm concerned about because only 14per cent of our graduates are m en and that's a shocking n umber. When I look at the numbers, the number of men has been fairly stable from the time we were created, there have been a few hundredm ore men but our growth has all been through the enrolment of women," she told am eeting of the Zonta Club at L uciano's restaurant yesterday. "To only have 14 per cent o f our graduates (as males think is a frightening number what is happening to the B ahamian males?" When asked by The Tribune what strategies she had p lanned to counteract this, Dr Boze said the problem needsa multi-faceted approach. I'm going to be putting t ogether a task force and would welcome anybody's guidance on what is happen-i ng with the Bahamian males. Why are they dropping out b ecause it's not a problem that happens once they get to us, they are not graduating at the same rates, they are not applying to college at the same rates and again that gap continues to widen. Does this have to do with gangs, or crime or drugs I don't know what the problem is. I've also identified a prospective US partner in a city that is facing very similarc hallenges that we might be working with. Coming in as an outsider I don't dare say I understand what that prob-l em is but I think we need to look at it from many different points of views and that education is just one of the s ymptoms of that." C OB has about 5,000 students enrolled at its main c ampus in Oakes Field and o n the family islands but Dr Boze said enrolment is lower than other schools in the region. The Bahamas is actually losing ground compared to many of our Caribbean neigh-b ours. We have fewer students e ngaged as a percentage than w e did 20 years ago." I n her first public address s ince assuming her post about 10 weeks ago, Dr Boze also r evealed that 80 per cent of C OB students are enrolled in four-year baccalaureate programmes while the remaining 2 0 per cent are pursuing twoyear associate degrees or master's programmes an invers ion of where the college was 10 years ago. She added that COB is well o n its way to achieving university status once a few additional benchmarks are met. F ROM page one FROM page one Flights diverted to Bahamas after fire at Miami Airport HIS TORIC MOMENT FROM page one FROM page one MINISTER CLAIMS BLUEWATER WAS A FRONTING OPERATION PM, GOVERN OR GENERAL T O ATTEND WEDDING FROM page one FROM page one MAN DIES AFTER S T ABBING FROM page one PMS NO VOTE BRINGS CHEERS FROM OPPOSITION PRESIDENT OF THE COLLEGE of the Bahamas Dr Betsy Vogel Boze was a special guest speaker at Zonta Club of Nassau. T i m C l a r k e / T r i b u n e s t a f f

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JERUSALEM A ssociated Press PALESTINIAN militants in Gaza fired a new wave of r ockets that landed deep i nside Israel Thursday, defying Israeli retaliatory attacks and threats. As the violence threatened to escalate the day after a deadly Jerusalem bombing, Israel got a boost from the visiting U.S. defense chief, who said no country could tolerate the" repugnant" attacks on its soil. Police said Gaza militants fired 10 rockets and mortars toward Israel Thursday, including two rockets that exploded north of the city of Ashdod, a main Mediterranean port city about 20m iles (30 kilometers of Gaza a first since Israel a nd Gaza's Hamas rulers r eached an unofficial truce following a three-week wart hat ended in January 2009. I sraeli airstrikes hit a numb er of Gaza targets in retaliation throughout the day. Neither side reported injuries or said they wanted a new fight. But the new h ostilities could easily spin out of control, especially if civilian deaths mount. Wednesday's bombing killed a British tourist, and f ive members of a Jewish family were slain while they slept in a West Bank settlement earlier this month. Israel has blamed Palestini-a ns for both attacks. Also this week, Israeli shelling killed three children and their uncle in Gaza. The army said it was targeting m ilitants. T he fighting in Gaza has been the fiercest since Israel went to war there to try to curb years of rocket attacks. The fierce three-week offensive killed some 1,400 Palestinians, including hundreds of civilians. Thirteen Israelisa lso died. The volatile bord er has remained largely c alm since. I srael says Hamas has u sed the lull to rearm with l onger distance rockets that c an reach as far as Tel Aviv, about 30 miles (50 kilometers) from Gaza. D efense Minister Ehud Barak blamed Hamas for t he rocket fire and vowed to s trike back. "Israel will not tolerate these terror attacks and we will not allow terror to rise once again in the region," he s aid. His tough stance was backed by visiting U.S. Defense Secretary Robert Gates, who said that no sov-e reign state could tolerate rockets fired at its people. "Israel, like all nations, has the right to self-defense and to bring to justice the p erpetrators of these repugn ant attacks," he said. Citing gag orders, Israeli security officials have said little about the investigations into Wednesday's bus stop bombing or the knife killings two weeks ago. Officials identified the vict im of the Jerusalem bombi ng as Mary Jean Gardner, a 5 9-year-old British tourist w ho had been taking courses a t Jerusalem's Hebrew Univ ersity. In Washington, the S tate Department said five of the wounded were Americans, one of whom remainsh ospitalized. On Thursday President B arack Obama called Israeli P rime Minister Benjamin Netanyahu to offer condolences. The White House said Obama reaffirmed the U.S. commitment to Israel's s ecurity. Police spokesman Micky Rosenfeld said Jerusalem and southern Israel remained on a heightened state of alert. I sraeli counterterrorism expert Boaz Ganor said the bombing and knifing attacks appeared to be individual initiatives, as opposed to the o rganized attacks by militant g roups that Israel usually faces. The former usually kill fewer people, but are more d ifficult to stop, he added. Israeli intelligence is quite good in thwarting suicide attacks," he said. "It may be less able to deal with local and personal attacks." I sraeli police officials, speaking on condition of anonymity because of the sensitive nature of the investigations, said that even ift he attacks were individual acts, Israel believes Hamas guided and motivated the attackers. Yitzhak Reiter, a Mideast e xpert at the Hebrew Univ ersity, said Islamist groups are currently seeking an alternative to suicide bombings, which largely backfired i n the last decade by turni ng world opinion against them. Peace talks between Israel and Hamas' rival, Palestinian President Mahmoud A bbas, collapsed after the 2008 war, reviving only briefly for three weeks in September 2010. Abbas, who rules on in the W est Bank, has rejected violence and condemned Wednesday's bombing. Hamas, which violently wrested control of Gaza f rom Abbas loyalists in June 2 007, sees the diplomatic standstill as proof that only an armed struggle will win the Palestinians a state. INTERNATIONAL NEWS T HE TRIBUNE FRIDAY, MARCH 25, 2011, PAGE 11 Gaza militants fire rockets deep into Israel ISRAELI police officers inspect the site of an explosion, in Jerusalem, Wednesday, March 23, 2011. A bomb exploded near a crowded bus, wounding passengers in what appeared to be the first militant attack in the c ity in several years. (AP

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I NTERNATIONAL NEWS PAGE 12, FRIDAY, MARCH 25, 2011 THE TRIBUNE WASHINGTON Associated Press THE FLOWERING trees that symbolize friendship between the United States and Japan are blooming for the 99th time in Washington in the wake of one of the world's worst natural disasters. Before the two-week National Cherry Blossom Festival opens Saturday, organizers will hold a fundraising walk and vigil Thursday evening among the trees for victims of Japan's March 11 earthquake and tsunami. An estimated 18,000 people have been killed in the disaster. "It's important that we're taking time to reflect," said festival director Diana May hew. The celebration is a sym bol of spring each year and now of the rebirth and rebuilding for Japan, she said. "Our relationship with Japan is at the heart," she said. Japanese Ambassador Ichiro Fujisaki told The Associ ated Press he is grateful for such support from U.S. resi dents, though he declined to ask for further donations. It's too soon to know how Japan will pay to rebuild the country as the government is still focused on search and rescue, basic human needs and its nuclear reactors, he said. "I am very grateful that American people are voluntarily extending their hands," Fujisaki said. "This is really an impressive show of good will." Contributions for relief efforts have lagged behind fundraising totals in the days after Haiti's earthquake and after Hurricane Katrina to this point, according to a tally by the Chronicle of Philanthropy. The cherry blossom tradi tion began with a gift of trees from Japan in 1912. Then-first lady Helen Taft and the wife of Japan's ambassador planted the first two trees. About 100 of the original 3,000 trees are still growing, while thou sands of others have been replaced or grown from the original trees' genetic line. During World War II, the festival was suspended. Some trees were vandalized in those years, according to National Park Service records. After the war, the festival grew as Japan rebuilt and a Washington group was formed to stage the festival each year. The festival draws about 1 million visitors and has become big business for Washington's tourism industry. Nearly half the visitors travel from out of town, according to the city's tourism bureau. A study of last year's festival shows it generated about $126 million in hotel stays and other revenue. For the first time this year, the festival partnered with the Arbor Day Foundation to help people plant their own cherry blossom trees in their yards, touting their value to birds, bees and other wildlife. The Stand with Japan vigil begins at 6:30 p.m. Thursday on the Washington Monu ment grounds. Money raised will go to American Red Cross relief efforts. Festival sponsors Safeway and Macy's each announced $100,000 donations to the fund Wednesday. Many of Washington's 3,000 Yoshino cherry trees that cir cle the Tidal Basin near the Jefferson Memorial were beginning to bloom Thursday morning. The National Park Service has predicted they'll be in peak bloom next Tues day through Friday. "Nothing is in full bloom yet," said Park Service spokesman Bill Line, who not ed that cold overnight tem peratures in recent days would preserve the flowers longer unless any storms bring strong winds that can blow them away. Cherry blossom events begin with solemn DC tribute WITH THE Washington Monument in the background, cherry blossom trees begin bloom despite cold tem peratures in Washington, Thursday, March 24, 2011. (AP

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B y NEIL HARTNELL Tribune Business Editor A leading Bahamianowned airline paid $1.597 mil lion in taxes and fees last year, a sum close to 75 per cent of its annual wage bill, with its chief executive yesterday suggesting the entire domestic aviation sector was receiving no real and tangible help with this burden from the G overnment. Captain Randy Butler, head of Sky Bahamas, toldt he Rotary Club of West Nassau that the taxes and fees sum paid was inclusive of those paid to the Nassau Airport Development Company (NAD tion and the Government. Fees paid to NAD totalled between $60,000-$101,000 per month. He later told Tribune Business the airlines annual wage bill was around $2 million, meaning that the taxes/fees burden was equivalent to between 66-75 per cent of total salaries. Contrasting the UK governments movement on the Air Passenger Duty (APD charge with the Bahamian governments stance on taxation of this nations domestic aviation sector, Captain But ler said: Sky Bahamas, in direct and indirect taxation, we paid $1.597 million, inclu sive of NAD, and thats for a small airline. We have no problem paying that....... We pay our way, and as a corporate citizen we take our responsibilities seriously and live up to them. Sky Bahamas pays its way. We are current with NAD, current with Civil Aviation, current with all vendors. In fact, we have a $60,000 Business Licence fee to pay now. Noting that his companys Business Licence fee would increase, given that there were now no deductions from turnover (top line revenues Captain Butler said the Governments plans to expand tourism beyond the per cent of Nassau/Paradise Island to the rest of the Bahamas was a good plan. This strategy, though, would rely on the domestic, Bahamian-owned aviation s ector to distribute tourists throughout the Family Islands, and the Sky Bahamas chief said: The only problem is theres no support from government in a real and tan g ible way for domestic carriers, when you look at the tax es and fees levied against us. SECTIONB business@tribunemedia.net FRIDAY, MARCH 25, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third p arty and The Tribune can not be held r esponsible for errors and/or omission from the daily report.$ $5.10 $5.12 $5.11 By NEIL HARTNELL T ribune Business Editor Sky Bahamas is experienc i ng off the chain growth in passenger load factor, which was up 40 per cent over 2010c omparatives during January and February, as the Bahamian-owned carrier looks to add m ore airplanes and routes f rom this nation to the US. Speaking with Tribune Business yesterday, CaptainR andy Butler, Sky Bahamas chief executive, said December 2010s passenger load fac-t or across all routes was up 5 0 per cent-plus, and he added: Most of the domestic r outes are doing exceptional ly. Were definitely in a growth cycle. C aptain Butler added that Sky Bahamas was now seek ing to solidify our market p osition, explaining that the carrier was now seeking to acquire a floating aircraft t hat would give it more planes t han routes serviced. This would allow the extra aircraft to be deployed on route sup-p ort where it was needed. Many other carriers, he Airline sees off the chain 40% growth n Sky Bahamas says December passenger load factor up 50%-plus, as it looks to add more routes and aircraft n Companys fuel costs up 39% in six months n Warns great exposure for Bahamas over no airport certification system n Suggests leasing Exuma airport to Sandals CAPT. RANDY BUTLER SEE page 4B AIRLINES T AX BILL $1 .59 7M Figure equivalent of 66-75% of Sky Bahamas annual wage bills* Says domestic aviation sector receiving no real and tangible help on tax burden from government SEE page 5B By NEIL HARTNELL Tribune Business Editor Bahamasair should be top of the list for privatisation, a r ival airlines chief executive said yesterday, charging that the game is fixed against the private sector due to the n ational flag carriers ability to offer predatory prices underwritten by multi-milliond ollar taxpayer subsidies. Captain Randy Butler, Sky Bahamas chief executive,s aid Bahamasair which has BAHAMASAIR MUST TOP THE LIST FOR PRIVATISATION Rival airline chief says game is fixed, with flag carrier able to engage in predatory pricing via m ulti-million taxpayer s ubsidy report Problem arises from government being both sector regulator and operator Suggests Bahamasair buyer restructures fleet to serve global market and get tourists here SEE page 5B By NEIL HARTNELL Tribune Business Editor The Bahamas conciliation s ystem for resolving labour disputes leaves a lot to be desired, the Bahamas Cham ber of Commerces chief exec utive said yesterday, with this weeks tripartite workshop on mediation issues aiming to reduce costs and time lost over such situations. W inston Rolle told Tribune Business that the workshop, which has involved some 30 representatives from the Bahamian private sector, trade unions and the Govern ment gathering at Marios Bowling & Entertainment Centre under the International Labour Organisations (ILO ensure the three parties were on the same page when it came to resolving labour disputes. Acknowledging that the three sides had never really executed the Decent Country Work Programme for the Bahamas, which they had all signed off on in 2008, Mr Rolle said that after consulta tion with the Trinidad-based ILO representative, the decision was taken to make this weeks workshop a three-way one. At this point, were focused specifically on media tion and conciliation, Mr Rolle told Tribune Business, because if you have everyone on the same page, it will prevent a number of labourrelated matters going to the Labour Board, going to the courts, going to the Industrial Tribunal wherever. Its very, very important, because when persons have labour-related matters, if we can stop them at the first stage rather than have lawyers involved and going to court, this will have a significant impact not only resulting in avoiding a battle, but avoiding tying up the courts time and the cost to the business and individual as Labour dispute system: Lot to be desir ed SEE page 7B By ALISON LOWE Business Reporter alowe@tribunemedia.net The Bahamas awaits the imminent judgment of 96 countries on the Governments efforts to conform with international tax information exchange and transparency standards, following on from its 2009 grey listing by the Organisation for Economic Cooperation and Development (OECD Rowena Bethel, legal adviser to the Ministry of Finance and head negotiator for the Bahamas in tax information cooperationm atters, said the outcome of Phase I of the peer review by the OECDs 30-member Peer Review Group, and the 96-nation G lobal Forum on Transparency and Exchange of Tax Information, could potentially have significant implications for The Bahamas given that it is unclear at this stage whether any punitive sanctions will be imposed by the G-20 against those countries deemed to not be up to scratch. Ms Bethel did not wish to speculate yesterday about the outcome of the review, except to say that she feels The Bahamas has done a lot to bring its legal and regulatory framework on international tax cooperation up to global standards. We have just wrapped up Phase I of our peer review, which was conducted by France and Jersey. The report has now been forwarded to the Global Forum to be disseminated amongst its 96 members, so they will have a change to put forward their views on the assessment of the Bahamas, to say if they agree or disagree, said Ms Bethel, who was addressing the Institute of Internal Auditors on TIEAs at the Breezes Superclub on Cable Bahamas waits on OECDs tax peer review S EE page 5B By ALISON LOWE Business Reporter alowe@tribunemedia.net It is extremely important that the Bahamas ensures the global community and potential investors are aware of the advances it has achieved in meeting international tax information exchange standards, with this key to sustaining and growing the financial services sector, the Ministry of Finances top legal advisor said yesterday. Rowena Bethel, also the lead negotiator for the Bahamas in tax information exchange matters, and executive commissioner of the Compliance Commission, said she was absolutely astound ed when attending a conference in Miami this week at the extent to which the perception remains that the Bahamas is a financial ser vices centre shrouded in banking secrecy. I was amazed at just how little was understood about the efforts we have put into improving our transparency in the Bahamas. I was absolutely astounded when people were still talking about banking secrecy offshore, Ms Bethel said. Astounded at negative perceptionsof Bahamas SEE page 6B

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B USINESS PAGE 2B, FRIDAY, MARCH 25, 2011 THE TRIBUNE BY SIMON COOPER RES SOCIUS I a m a great believer in the power of the Bahamian people to fight their way out of the recession and go forward together strongly. After all, a re we not from immigrant stock, and have we not built a vibrant nation largely on our o wn? The problem is that s ometimes we almost seem to prefer to talk our nation down, and overlook the good news that is happening all around us in the process. T ake the article about Sky B ahamas published in the Trib une on Monday. While some Bahamian businesspeople ares till throwing hands up in the air at the Baha Mar threatt hey see to our local hospitali ty industry, others are finding more creative ways to r espond to foreign challenges. A s Sky Bahamas chief executive Randy Butler said, timeso f depression are the best time to be innovative and cre a tive. The Ministry of Tourisms sports director, Tyrone Sawyer, inspired me, too, withh is words. He believes that every busin ess has a responsibility to help build our country, and h e is absolutely right. T hat really is the nub, the very core of the matter, is it not? We are a series of tiny islands whose main purpose i n the worlds mind is to provide Caribbean holidays. If we drop our guard and get it w rong, our customers will go s omewhere else, and we will be as forgotten as poor Haiti h as become. If we follow the lead of Randy Butler, though, then the opposite will more likely follow. A nother welcome sign of life for the economy this week was the high level of reported i nterest in the Commonwealth Brewery initial public offering (IPOt o see as many young Bahamians in the 20-30 yearold age group take advantage of this opportunity to get into the markets, for this will drivea sense of pride and loyalty in the brand that brewed ourf irst local beer. It could be the yeast of other things. B ut what does this all mean to the rest of us? I can put my finger on three important things. There are rustlings everywhere that suggest our econ-o my is about to turn. Fore igners and locals alike are prepared to invest in it, and confidence begets confidence,t oo. There are clear signs that t he American economy has a lready turned. The Bahamian Central Bank is not alone in predicting the return of tourists in greater numbers this year. Bahamians investing in Commonwealth Brewery are people expressing their beliefi n the underlying strength of our economy. T o me, the signs are clear. T he Bahamas is standing at the doorway leading to prosperity for all. It is no longer l ocked tight. It is our respon sibility as Bahamians to push it open, walk through and lit e rally get down to business. NB: Res Socius was founded by Simon Cooper in 2009,a nd is a business brokerage authorised by the Bahamas Investment Authority. He hase xtensive private and public SME experience, and was formerly chief executive of a publicly traded investment c ompany. He was awarded an MBA with distinction by Liv erpool University in 2005. C ontact him on 636-8831 or write to simon.cooper@resso cius.com. Positive signs indicate we must get down to business S IMON COOPER

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BUSINESS T HE TRIBUNE FRIDAY, MARCH 25, 2011, PAGE 3B B y ALISON LOWE B usiness Reporter alowe@tribunemedia.net Considering the demands of the Economic Partnership Agreement (EPA Europe a line in the sand t hat it does not wish to go beyond with Canada, the Bahamas is very, very close to submitting its first goodsa nd services offers as part of negotiations over that trade a greement. As with the EPA signed between CARICOM and the EU, the Caricom-Canada trade agreement will replace ap revious non-reciprocal trade agreement established between that country and theC aribbean region. That 1986 agreement provided for duty-free access for C aribbea goods into the C anadian market, but will be replaced with a reciprocal agreement that will demands imilar duty-free access for Canadian goods coming into the Caribbean. The deal willa lso, for the first time, set out t he terms of the liberalised trade in services between the two partners. D irector of Economic Plan ning in the Ministry of Finance, Simon Wilson, saidt hat whereas the preservation o f access for Bahamian goods, such as crawfish, into Euro p ean markets was the primary driver for Bahamian participation in the EPA process, ensuring this nation maintains i ts competitive advantage in the region for Canadian i nvestment is the key incentive behind the Bahamas pursuit of the Carib-Can trade deal. The Bahamas is the single l argest destination for Canad ian investment in the C aribbean. Royal Bank of Canada, First Caribbean, these are all Canadian banks. So we have to participate or we lose our competitive advantage against our competitors our colleagues in t he Caribbean, said Mr Wils on. Seminar He was addressing auditors at a seminar organised by the Institute of Internal Auditors yesterday. B roadly speaking, Mr Wils on explained that trade deals s uch as the EPA and CaribC an seek to remove barriers to trade between nations, t hrough achieving tariff r eductions, the regulation of a ccess for goods into each o thers markets, and the harmonising of requirements for investment and provision of services between participating nations. H e noted that while such a greements are not described a s tax agreements, they have clear implications for tax revenue, as they demand the reduction and eventual elimination of border tariffs such as Customs duties,from which this nation derives the m ajority of its revenue. W hile no draft text of the agreement is yet available for public consumption, said MrW ilson, assumptions can be made about the form the dealw ill take based on previous t rade agreements thrashed o ut between Canada and other nations. If you look at the text, all t hey have done is scratch out Peru and write Caricom....q uipped Mr Wilson, referring t o the Canada-Peru trade a greement and its similarities to the CaribCan talks. EPA line in the sand over Canadian talks Bahamas very, very close to submitting first goods and services offer in CaribCan talks Share your news The Tribune wants to hear from people who are making news in their neighbourhoods. Perhaps you ar e raising funds for a good cause, campaigning for impr ovements in the area or have won an award. I f so, call us on 322-1986 a nd share your story.

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explained, were maxed out in terms of having no surplus aircraft capacity, hence the need for Sky Bahamas to expand its fleet from five to s ix planes. The carrier, which h as expanded rapidly to a staff of 96-97 persons, and a monthly wage bill touching $190,000, is now assessing potential additional routes from Nassau to both Palm B each and Orlando, plus a d irect flight between Fort Lauderdale and Cat Island. Captain Butler said the airlines services between Nassau and Fort Lauderdale were likely to commence on May 1 5 this year, with a domestic r oute to north Eleuthera also being eyed. Apart from the Grand Bahama-Fort Lauderdale link, Sky Bahamas already links Nassau with direct flights to Freeport, M arsh Harbour, Cat Island, G eorgetown (Exuma San Salvador. Captain Butler, though, urged the Government to tackle the wide variations in aviation fuel prices between different Bahamian islands,p ointing out that as global oil prices rose, fuel costs were becoming a huge burden to his business. Aviation fuel costs had increased by 38.5 per cent o ver a six-seven month perio d, growing from an average $2.96 per gallon in September 2010 to $4.10 now, sending Captain Butlers fuel bill soaring from around $164,000 in the former month toa round $250,000. Noting that Nassaus aviation fuel costs, for example, h ad stood at around $3.50 per gallon when compared to the $ 5-$6 price in Freeport, Capt ain Butler urged the Government to deal with the situa tion. Sky Bahamas had just sent a $52,000 cheque to Freeport t o deal with gasoline and othe r aviation costs. H e added that aviation fuel was not price (mark-up t rolled, like domestic gasoline, although the Government obtained taxes on it atb oth the port of entry and a further $0.07 per gallon at Lynden Pindling International Airport (LPIA T o grow its young Fort L auderdale business, Captain Butler said Sky Bahamas was m oving to partner with travel agencies, place focus on a partnership with the Our Lucaya resort and associated casino in Freeport, and look at Junkanoo charters and the like. The exploitation of festi v als, such as the Long Island Rake and Scrape, and other homecomings was also on the m enu. W hen it came to Family I sland airport development, Captain Butler suggested that if a particular island had multiple airports, just one should be developed as an international port of entry, with the others used as domestic avia-t ion feeders. He added that leasing Exumas airport to Sandals, given the facilitys importance to its Emerald Bay resort, should also be explored since it w ould also reduce the financ ial burden on the Government. However, Captain Butler warned that the Bahamas faced great exposure from the fact that that it had noc ertification system for building an airport in this nation. This, he added, could p otentially jeopardise the $409.5 million LPIA redevelo pment, as the International C ivil Aviation Organisation (ICAO B ahamas Government have laws and regulations in placet o govern the building, mode rnisation and operation of a irports. A nd environmental issues, of which the UKs Air Pass enger Duty (APD one example, are set to impact aviation further, Cap-t ain Butler warned. While technology and more efficient fuel burning might address the problem, Captain B utler said noise pollution f rom aircraft would continue to be an issue, with US cities s uch as Fort Lauderdale and Palm Beach preventing takeoffs prior to 7.30am in the morning. Asked whether Sky Bahamas would look at going public, Captain Butler said the airlines shareholders felti t was better to build-up the companys strength first, with this objective set to be a ssessed long-term. B USINESS PAGE 4B, FRIDAY, MARCH 25, 2011 THE TRIBUNE Airline sees off the chain 40% growth F ROM page 1B

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i ncurred more than $450 mil lion in accumulated losses since inception ticked all the boxes if the Government was looking for another assetto sell to the private sector. In my mind, why not Bahamasair? questioned Captain Butler, addressing the Rotary Club of West Nassau. If you carry out all the tests for privatisation, Bahamasair should be top ofthe list. Bahamasair has been very good to us, but is it still living up to its mandate of bringing tourists to the Bahamas?........ Bahamasair has seven planes, and when you look at their schedules and routes, you know the planes are going to be late, because they cannot keep up. Captain Butler suggested that once Bahamasairs debt and solvency deficiency (liabilities exceeding assets) were addressed, any purchaser or a privatised national flag carrier should focus on convert-ing it into an international long-distance airline, with the primary role of bringing tourists into this nations international airports from all over the world. A major fleet restructuring would also be required, the Sky Bahamas chief executive added, with Bahamasair con verted from a largely turbo prop-based fleet to one featuring jets. It would partner with smaller, privately owned Bahamian airlines who would transport visitors to their chosen Family Island destinations once they arrived in Nassau or Freeport. He explained: If its [Bahamasair] going to con tinue with the tourism prod uct, were going to have to see what happens with the islands and the tourism product, and get the appropriate planes. Its going to have to look at disposable income coming from Europe and North America, and contract with domestic carriers to feed them, once they figure out the debt. However, the Sky Bahamas chief suggested that the business plan for the airline does not match the busi ness plan from the Govern ment. Noting that Bahamasair no l onger served destinations such as Cat Island and Andros, Captain Butler contrasted the $300,000 that SkyB ahamas gave away to the l ikes of scholarships, charities and Family Island events with w hat he claimed was the total l ack of involvement by the national flag carrier in such activities. Emphasising that Sky Bahamas and other Bahamian privately-owned domestic aviation carriers were not seeking hand-outs or subsidies from the Government, Captain Butler said the sector wanted the administration to just facilitate the things we need to do. Because of the lack of a strategic plan going forward, from day to day we do not know what is going on, and because the Government is both operator and regulator, the game is fixed, the Sky Bahamas chief said. While I have to pay my light bill on time or I would be in darkness, while I have to pay my phone bill on time or be quiet, while I pay NIB and my Business Licence on time, Bahamasair gets soft loans. Captain Butler again alleged that promotions such as Bahamasairs March Madness campaign were anticompetitive because they effectively represented preda tory pricing, selling tickets below market value safe in the knowledge that its rivals could not follow suit, and that it would be protected by its taxpayer subsidy. Why are we getting that from a government airline, Captain Butler said, ques tioning the strategy behind such a move. However, Neko Grant, the minister responsible for Bahamasair, and members of the airlines Board and management, have all in the past vigorously denied that these promotions are akin to predatory pricing. Still, the Sky Bahamas chief executive yesterday said Bahamasairs heavy dis counting had impacted the market, with fellow carrier Western Air dropping its tick et prices this month in r esponse. H e, though, had chosen not t o follow suit because Sky B ahamas simply could not a fford to do so, and the airline had responded by concentrating on customer service. People have had to under stand this is what it costs, Captain Butler said. Noting the vital role that Bahamian-owned airlines played in fostering growth and development, particularly in the Family Islands by getting tourists there, Captain Butler said: We need a government with the political will saying were going to look at this aviation industry, and say i ts not a luxury but an essential service. We will pay our w ay, but will not accept dou ble or triple taxation. We are restoring develop ment of the islands, but I cant pass it [taxes] on because I have a competitor that is the national flag carrier. BUSINESS T HE TRIBUNE FRIDAY, MARCH 25, 2011, PAGE 5B 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 Peering more deeply into the taxation issues, Captain Butler noted that CARI C OMs secretary-general had described the UKs APD tax a s discriminatory, as it t axed the development of the Bahamas and Caribbean by r aising costs for investors and v isitors alike through applyi ng a higher rate than to US w est coast destinations and Hawaii. These statements, Captain Butler suggested, could also b e applied to the Bahamas in t he context of the tax burden on domestic aviation operat ors. While NAD appeared satisfied this nation would remain competitive despite the $0.13 per seat charge applied to airline passenger t ickets, the Sky Bahamas chief said the Bahamas had a unique product in the senset hat air travel was the only way to reach the Family Islands. Pointing out that there was no way to benchmark on thed omestic side, Captain Butl er said passengers transiting Lynden Pindling International Airport (LPIA t ively being double taxed through having to pay this fee in their tickets twice. T his, Captain Butler sugg ested, was discriminatory and could help impede Family Island development,a s it countered the goal of providing affordable, high quality air transportation. Most of the islands depend on tourism, and the only wayt o get there is through aviat ion, Captain Butler said, adding that this was also the only way for Family Islanders t o access schools, hospitals and services taken for granted in New Providence. H e also recalled how Gulfs tream Airlines, the foreign carrier that recently went into Chapter 11 bankruptcy,r eceived $500,000 for route development from the Out Island Promotions Board, c ontrasting this with the fact Bahamian-owned carriers had received no such financiala ssistance. Out of the $10 per passen ger facility user fee levied by NAD, some $5 went to LPIAs development, but Captain Butler said domestic B ahamian-owned carriers had y et to receive any benefits from the redevelopment yet as the domestic terminal wast he last phase scheduled to take place. As a result, he likened the passenger user f acility fee to paying for your h ouse before you live in it. A nd Bahamian airlines were also paying fees for a n on-existent service electronic baggage screening for domestic flights. We dontm ind paying for services if w ere going to get it, Captain Butler said, adding that N ADs response when q ueried about the security screening fees was to state they were only collecting itf or the Airport Authority. AIRLINES TAX BILL $1 .597M FROM page 1B Bahamasair must top the list for privatisation FROM page 1B Beach yesterday. If theres no issue raised by any member within the three to four-week period, then shortly thereafter the review will be published. If issues are raised then the matter is sent back, and the assessed jurisdictions get back together to work out whatever issues need to be worked out. Ms Bethel was in Paris earlier this month representing and defending the Bahamas tax information exchange regime at the Peer Review Group (PRG The PRG was set up to conduct indepth monitoring and review of the implementation of the standards of transparency and exchange of information for tax purposes. Each country, including the Bahamas, will ultimately undergo two phases of review. Phase I sees each countrys legal and regulatory framework on tax information cooperationa ssessed, while Phase II looks at the effectiveness of the implementation of these laws and regulations in facilitating tax information transparency. The Bahamas was assessed on e ssential elements relative to international tax cooperation during the Phase I review, said Ms Bethel. These touch upon the availability of tax-related information, the accessibility of such information and the mechanisms for the exchange of that information. The review notes whether each elem ent in question is in place, not in place or is in place but needs improvement. Information that may be requested includes that deemed foreseeably relevant to a tax authority in the requesting country, or those agencies involved in the administration and enforcement of domestic tax laws. A mong the steps which will be taken into account as part of the review process are the signing of some 24 Tax Information Exchange Agreements (TIEAs more so far than the initial dozen target that was required by the OECD to b e removed from its 2009 name and shame list of financial centres deemed either non-cooperative or not fully cooperative with international tax transparency standards. The Global Forums views will be significant because the G-20 has an interest, and certainly, if the review is negative, then obviously the methodology requires us to seek to improve whatever deficiencies have been identified within set timeframes. The G20 is the principle driver and you dont know to what extent a deficient system may be regarded as a opportunity for some countries to impose defensive measures, the Ministry of Finance adviser said. Mrs Bethel noted the very negative review received by Barbados last year as an outcome the Bahamas would be hoping to avoid when its Phase I review is published. They got a very negative review, and I think it was of deep concern to t hem because I think they felt it would affect their perception, their ranking, as a financial centre that meets the minimum standards, so that, ultimately, is something any jurisdiction hast o be concerned about, Ms Bethel said. Phase II of the review is set to be conducted in July 2012, and will see members of the Peer Review Group come to the Bahamas to speak with the competent authority in the Bahamas case, the Ministry of Financeabout the implementation of tax information cooperation measures, in addition to meeting with private sector bodies such as the Bahamas Financial Services Board (BFSB Institute of Chartered Accountants (BICA Commentary from other Global Forum members on how responsive they find the Bahamas to be to requests for tax information, and the quality of those responses, will also be assessed. Ms Bethel said it is important that such professional bodies take time to educate their members about the provisions the Bahamas has made to bring itself up to par with international standards in tax information exchange. They will be here interviewing and cross-interviewing all of the relevant entities, and they will go back and write their report. The worst thing is if you get a report where the private sector is saying one thing and the public sector is saying something different. Each of the stakeholders should have an understanding of what the regulatory framework is, she added. Ms Bethel added that such monitoring and peer review in relation to tax information exchange are here to stay. We are seeing increased monitoring by external agencies to ensure that these standards are being implemented, that there is no roll back of standards and that they are operating effectively. We are a part of this global game and we have to conform to these global rules, Ms Bethel said. FROM page 1B Bahamas waits on OECDs tax peer review

PAGE 17

B USINESS P AGE 6B, FRIDAY, MARCH 25, 2011 THE TRIBUNE 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.190.95AML Foods Limited1.191.190.000.1230.0409.73.36% 10.639.05Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 5 .754.40Bank of Bahamas5.205.200.000.1530.10034.01.92% 0.530.17Benchmark0.180.180.00-0.8770.000N/M0.00% 2.842.70Bahamas Waste2.702.700.002500.1680.09016.13.33% 2.201.96Fidelity Bank1.961.960.000.0160.040122.52.04% 12.409.25Cable Bahamas9.259.250.007501.0500.3108.83.35% 2.852.35Colina Holdings2.402.400.001.0310.0402.31.67% 7.005.80Commonwealth Bank (S1)6.826.820.000.4880.26014.03.81% 2.861.90Consolidated Water BDRs2.222.220.000.1110.04520.02.03% 2.541.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.305.22Famguard5.225.220.000.3570.24014.64.60% 9.275.65Finco7.507.500.000.6820.00011.00.00% 11.408.77FirstCaribbean Bank9.309.300.000.4940.35018.83.76% 6.004.57Focol (S)5.485.480.000.4520.16012.12.92% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.305.50ICD Utilities7.307.300.000.0120.240608.33.29% 10.509.80J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.002100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.003 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield B ISX LISTED & TRADED SECURITIES AS OF:7% Interest 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W W W.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479) | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%20 November 2029THURSDAY, 24 MARCH 2011B ISX ALL SHARE INDEX: CLOSE 1,471.33 | CHG 0.00 | %CHG 0.00 | YTD -28.18 | YTD % -1.88BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017FINDEX: 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%L ast 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.95272.8300CFAL MSI Preferred Fund2.94860.04%1.45%2.918256 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 Fund13.43920.61%-0.22% 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 28-Feb-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 6+(5
PAGE 18

BUSINESS T HE TRIBUNE FRIDAY, MARCH 25, 2011, PAGE 7B 127,&( 6,5/<1'(1,1'/,1*(67$7(6 )250(5/<,1(:22'*$5'(16 ,,%',9,6,21 7KLV1RWLFHVHUYHVWRDGYLVHWKHJHQHUDOSXEOLFWKDWORWV ZLWKLQWKHIROORZLQJEORFNVSXUSRUWHGO\VROGDVORWVZLWKLQ DVVDX9LOODJH IRUPSDUWRIWKH6LU/\QGHQ3LQGOLQJ (VWDWHV6XEGLYLVLRQIRUPHUO\&HGDU*URYHVLQHZRRG *DUGHQV,,fDQGDUHWKHSURSHUW\RI$UDZDN+RPHV /LPLWHG 7KHVH%ORFNVDUH 7KHJHQHUDOSXEOLFLVIXUWKHUDGYLVHGWREHZDUHRISXUFKDVLQJ DQ\ORWVLQWKHDERYH%ORFNVXQOHVVWKHODQGLVGHVFULEHGDV EHLQJLQWKH6LU/\QGHQ3LQGOLQJ(VWDWHV6XEGLYLVLRQDQG LVEHLQJSXUFKDVHGIURP$UDZDN+RPHVOLPLWHGRUIURP D SHUVRQRUHQWLW\ZKLFKSXUFKDVHGIURP$UDZDN+RPHV /LPLWHG2WKHUZLVHWKHVHOOHUVfDUHQRWWKHRZQHUVRIWKH ODQG ,I\RXKDYHSXUSRUWHGO\SXUFKDVHGDQ\ORWVfZLWKLQWKH DERYHPHQWLRQHGEORFNV\RXDUDGYLVHGWRLPPHGLDWHO\ VHHNSURSHUDQGLQGHSHQGHQWOHJDODGYLFHIURP UHSXWDEOHODZUPRUDWWRUQH\ 6KRXOG\RXKDYHDQ\TXHVWLRQVSOHDVHFRQWDFW \ \ T S *(1(5$//(*$/&2816(/ $5$:$.+20(6/,0,7(' 3 1$66$8%$+$0$6 well. Mr Rolle added: I think our system leaves a lot to be desired, and why we find it necessary to bring a number of people together. Its important we have all the parties on the same page, and playing from the same playing field. Its a tremendous cost, not only from a finan cial perspective but a loss of time, a loss of pro ductivity, but what happens strains relations between the employer and employee and rumbles on for years, as opposed to being sorted out rel atively timely so costs are not significant. FROM page 1B Labour dispute system: Lot to be desir ed The Securities Commiss ion is targeting six priorit ies for 2011, including enhancing the capital markets regulators internal syst ems, governance and effic iency. The other goals are a revis ion of regulatory operations at the Securities Commiss ion, improving the regulators legislative framework, and ensuring high standards. These goals were outlined when the Securities Commission of the Bahamas h osted its fifth annual Industry Briefing at the British Colonial Hilton. The Brief-i ng was designed to bring together capital market s takeholders with the Commissions management to exchange ideas on developm ents and challenges within the market. The welcome address, w hich included a high level overview of the Commissions strategic direction,w as rendered by the Commissions chairman and acting executive director, PhilipS tubbs. Additional presentations were made by d epartment heads on the developments within their portfolios. Heads of depart m ents making presentations w ere: Laverne Thompson, a uthorizations manager; S andra Duncombe, acting market surveillance manag e r; Denise OBrien, inspec t ions manager; and Gawaine Ward, deputy legal counsel. Mr Stubbs said Standing Committee four of the Intern ational Organisation of Securities Commissions (IOSCO)) no longer needed to monitor the Securities Commissions international assistance and exchangea ctivities. L egislative improvements a t the Commission will be f urther developed in 2011. T hese developments will include programs designed t o implement the new Securities Industry Act and a ccompanying regulations, continuation and completion of the review of the Investment Funds Act (IFAa review of the Financial and Corporate Service ProvidersA ct. Additionally, the Comm ission will continue its e fforts to ensure consistent, high standards of ongoing operations in 2011. Updates Ms Duncombe said updates under her departm ent included amendments m ade to the Investment Funds Act 2003, which camei nto effect on May 1, 2010; a review to enhance the Commissions surveillance pro g ram; and incorporating Financial and CorporateS ervice Providers into the same. Areas of focus for 2011 include enhanced oversight of the secondary market, finalisation of takeoverc odes and implementing a c omplaints process for licensees, registrants and the general public. Ms OBrien advised that o nsite evaluations during the past year revealed several c ommon inspection findings. S he listed several remedies, i ncluding orders for contract notes, identifying the Brok er-Dealer, to be submitted w ithin 24 hours. Licensed F unds, unless exempted, w ere to submit their audited f inancial statements within six months, and all stockbrokers, dealers, traders and associated p[ersons are to be registered by the Comm ission. Ms OBrien noted the 21-day limit for investm ent funds to advise the C ommission of any material c hanges taking place within t he fund. I n regards to the intended review of the Investment Funds Act, Mr Ward noted that the Commission has sought the support of the Bahamas Financial Services Board (BFSB the basis for requireda mendments. Work will begin on that project shortly. M r Ward said an initial review of the Financial and C orporate Service Providers Act 2000 has started, and work on developing prop osed amendments will con tinue through the year. He added that the devel opment of various rules necessary for the initial imple m entation of the draft secu r ities legislation were under way, and it was anticipated t hese would be released for i ndustry consultation with in the 2011 first quarter. Commission eyes six 2011 targets


PAGE 4B, FRIDAY, MARCH 25, 2011

THE TRIBUNE





Airline sees ‘off the chain’ 40% growth

FROM page 1B

explained, were “maxed out”
in terms of having no surplus
aircraft capacity, hence the
need for Sky Bahamas to
expand its fleet from five to








six planes. The carrier, which
has expanded rapidly to a
staff of 96-97 persons, and a
monthly wage bill touching
$190,000, is now assessing
potential additional routes
from Nassau to both Palm

Beach and Orlando, plus a
direct flight between Fort
Lauderdale and Cat Island.
Captain Butler said the air-
line’s services between Nas-
sau and Fort Lauderdale were
likely to commence on May

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WHEREAS, The Bahamas National Drug Council has, over the past Twenty-Five (25)
years, developed and execuled Outreach Programmes and Projects to help, advise, shelter,
provide custodial care and other social services in demonstration of a national commitment to ils

OPEN: MON - FRI 7:30 am - 4:30 pm * SAT 8:00 am - 12 noon
TS a REMC etme

PROCLAMATION

voluntary duties of promoting a Drug-Free Society in The Commonwealth of The Bahamas;

AND WHEREAS, the said Council recognizes that the incidence of drug abuse can be
eliminated through institutional cooperation, supportive individuals and communilies, a5 well as the

Marsh Harbour, Cat Island,
Georgetown (Exuma) and
San Salvador.

Captain Butler, though,
urged the Government to
tackle the wide variations in
aviation fuel prices between
different Bahamian islands,
pointing out that as global oil
prices rose, fuel costs were
becoming a “huge burden” to
his business.

Aviation fuel costs had
increased by 38.5 per cent
over a six-seven month peri-
od, growing from an average
$2.96 per gallon in Septem-
ber 2010 to $4.10 now, send-
ing Captain Butler’s fuel bill
soaring from around $164,000
in the former month to
around $250,000.

Noting that Nassau’s avia-
tion fuel costs, for example,
had stood at around $3.50 per
gallon when compared to the
$5-$6 price in Freeport, Cap-
tain Butler urged the Gov-
ernment to deal with the situ-
ation.

Sky Bahamas had just sent
a $52,000 cheque to Freeport
to deal with gasoline and oth-
er aviation costs.

He added that aviation fuel
was not price (mark-up) con-
trolled, like domestic gaso-
line, although the Govern-
ment obtained taxes on it at
both the port of entry and a
further $0.07 per gallon at
Lynden Pindling Internation-
al Airport (LPIA).

To grow its young Fort
Lauderdale business, Captain
Butler said Sky Bahamas was
moving to partner with travel
agencies, place focus on a
partnership with the Our
Lucaya resort and associated
casino in Freeport, and look
at Junkanoo charters and the
like.

The exploitation of festi-
vals, such as the Long Island
Rake and Scrape, and other
homecomings was also on the
menu.

4 } ans sh te
ahamas National pins er

administration of preventative measures in various forms of discipline, education, wholesome and
healthy activities and through effective interdiction effaris by the Law Enforcement Agencies;

AND WHEREAS, the said Council also recognizes the importance of demand reduction in
building healthy communities and accordingly, has set as its Theme: “Embracing Drug
Prevention Education through Dialogue and Partnership";

AND WHEREAS, The Bahamas National Drug Council, in pursuit of ils objectives, has
glanned a month of activities to focus public attention on and to engage further support for ats
ongoing endeavours tp restore human dignity, morality, spiritual intagrity and societal norms in
families and communities;

NOW, THEREFORE, |, Hubert A. Ingraham, Prime Minisier of The Commonwealih of
The Bahamas, do hereby proclaim the month of March, 2017 “NATIONAL DRUG COUNCIL
MONTH":

IN WITNESS WHEREOF, | heave:
hereunto set my Hand and Seal
this isi dayot March, 2011

L



HUBERT ‘A. ING 3

PRIME ee.

yO SEH EARUIAIE

Christian Massive

When it came to Family
Island airport development,
Captain Butler suggested that
if a particular island had mul-
tiple airports, just one should
be developed as an interna-
tional port of entry, with the
others used as domestic avia-
tion feeders.

He added that leasing Exu-
ma’s airport to Sandals, given
the facility’s importance to its
Emerald Bay resort, should
also be explored since it
would also reduce the finan-
cial burden on the Govern-
ment.

However, Captain Butler
warned that the Bahamas
faced “great exposure” from
the fact that that it had “no
certification system” for build-
ing an airport in this nation.

This, he added, could
potentially jeopardise the
$409.5 million LPIA redevel-
opment, as the International
Civil Aviation Organisation
(ICAO) “requires that the
Bahamas Government have
laws and regulations in place
to govern the building, mod-
ernisation and operation of
airports”.

And environmental issues,
of which the UK’s Air Pas-
senger Duty (APD) tax is but
one example, are set to
impact aviation further, Cap-
tain Butler warned.

While technology and more
efficient fuel burning might
address the problem, Captain
Butler said noise pollution
from aircraft would continue
to be an issue, with US cities
such as Fort Lauderdale and
Palm Beach preventing take-
offs prior to 7.30am in the
morning.

Asked whether Sky
Bahamas would look at going
public, Captain Butler said
the airline’s shareholders felt
it was better to build-up the
company’s strength first, with
this objective set to be
assessed long-term.

—— *' a P

a [

be

=
a
ee 4 â„¢
i 1 -





Kevin McKenzie

Her Majesty's Prison Pop
Band

Royal Bahamas Defense
Force Pop Band

Various Gospel Groups
THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 5B



Bahamas waits on OECD's tax peer review

FROM page 1B

Beach yesterday.

“If there’s no issue raised by any
member within the three to four-week
period, then shortly thereafter the
review will be published. If issues are
raised then the matter is sent back,
and the assessed jurisdictions get back
together to work out whatever issues
need to be worked out.”

Ms Bethel was in Paris earlier this
month representing and “defending”
the Bahamas’ tax information
exchange regime at the Peer Review
Group (PRG) meeting.

The PRG was set up to conduct in-
depth monitoring and review of the
implementation of the standards of
transparency and exchange of infor-
mation for tax purposes.

Each country, including the
Bahamas, will ultimately undergo two
phases of review. Phase I sees each
country’s legal and regulatory frame-
work on tax information cooperation
assessed, while Phase II looks at the
effectiveness of the implementation
of these laws and regulations in facili-
tating tax information transparency.

The Bahamas was assessed on “10

essential elements” relative to inter-
national tax cooperation during the
Phase I review, said Ms Bethel.

These touch upon the availability
of tax-related information, the acces-
sibility of such information and the
mechanisms for the exchange of that
information.

The review notes whether each ele-
ment in question is in place, not in
place or is “in place but needs
improvement”. Information that may
be requested includes that deemed
“foreseeably relevant” to a tax author-
ity in the requesting country, or those
agencies involved in the administra-
tion and enforcement of domestic tax
laws.

Among the steps which will be tak-
en into account as part of the review
process are the signing of some 24 Tax
Information Exchange Agreements
(TIEAs) to date by this nation - 12
more so far than the initial dozen tar-
get that was required by the OECD to

be removed from its 2009 “name and
shame” list of financial centres deemed
either non-cooperative or not fully
cooperative with international tax
transparency standards.

“The Global Forum’s views will be
significant because the G-20 has an
interest, and certainly, if the review is
negative, then obviously the method-
ology requires us to seek to improve
whatever deficiencies have been iden-
tified within set timeframes. The G-
20 is the principle driver and you don’t
know to what extent a deficient system
may be regarded as a opportunity for
some countries to impose defensive
measures,” the Ministry of Finance
adviser said.

Mrs Bethel noted the “very nega-
tive” review received by Barbados last
year as an outcome the Bahamas
would be hoping to avoid when its
Phase I review is published.

“They got a very negative review,
and I think it was of deep concern to

them because I think they felt it would
affect their perception, their ranking,
as a financial centre that meets the
minimum standards, so that, ultimate-
ly, is something any jurisdiction has
to be concerned about,” Ms Bethel
said.

Phase II of the review is set to be
conducted in July 2012, and will see
members of the Peer Review Group
come to the Bahamas to speak with
the “competent authority” - in the
Bahamas’ case, the Ministry of Finance
- about the implementation of tax
information cooperation measures, in
addition to meeting with private sector
bodies such as the Bahamas Financial
Services Board (BFSB), Bahamas
Institute of Chartered Accountants
(BICA), Bar Association and others.
Commentary from other Global
Forum members on “how responsive”
they find the Bahamas to be to
requests for tax information, “and the
quality of those responses”, will also be

assessed. Ms Bethel said it is important
that such professional bodies take time
to educate their members about the
provisions the Bahamas has made to
bring itself up to par with internation-
al standards in tax information
exchange.

“They will be here interviewing and
cross-interviewing all of the relevant
entities, and they will go back and
write their report. The worst thing is if
you get a report where the private sec-
tor is saying one thing and the public
sector is saying something different.
Each of the stakeholders should have
an understanding of what the regula-
tory framework is,” she added.

Ms Bethel added that such moni-
toring and peer review in relation to
tax information exchange “are here to
stay”.

“We are seeing increased monitor-
ing by external agencies to ensure that
these standards are being implement-
ed, that there is no roll back of stan-
dards and that they are operating
effectively. We are a part of this glob-
al game and we have to conform to
these global rules,” Ms Bethel said.

FROM page 1B

Peering more deeply into
the taxation issues, Captain
Butler noted that CARI-
COM’s secretary-general had
described the UK’s APD tax
as “discriminatory”, as it
taxed the development of the
Bahamas and Caribbean by
raising costs for investors and
visitors alike - through apply-
ing a higher rate than to US
west coast destinations and
Hawaii.

These statements, Captain
Butler suggested, could also
be applied to the Bahamas in
the context of the tax burden
on domestic aviation opera-
tors. While NAD appeared
satisfied this nation would
remain competitive despite
the $0.13 per seat charge
applied to airline passenger
tickets, the Sky Bahamas chief
said the Bahamas had a
“unique product” in the sense
that air travel was the only
way to reach the Family
Islands.

AIRLINE'S TAX
BILL $1.597M

Pointing out that there was
“no way to benchmark on the
domestic side”, Captain But-
ler said passengers transiting
Lynden Pindling Internation-
al Airport (LPIA) were effec-
tively being ‘double taxed’
through having to pay this fee
in their tickets twice.

This, Captain Butler sug-
gested, was “discriminatory”
and could help “impede”
Family Island development,
as it countered the goal of
providing affordable, high
quality air transportation.

“Most of the islands depend
on tourism, and the only way
to get there is through avia-
tion,” Captain Butler said,
adding that this was also the
only way for Family Islanders
to access schools, hospitals
and services taken for granted
in New Providence.

He also recalled how Gulf-
stream Airlines, the foreign
carrier that recently went into
Chapter 11 bankruptcy,
received $500,000 for route
development from the Out
Island Promotions Board,

contrasting this with the fact
Bahamian-owned carriers had
received no such financial
assistance.

Out of the $10 per passen-
ger facility user fee levied by
NAD, some $5 went to LPI-
A’s development, but Cap-
tain Butler said domestic
Bahamian-owned carriers had
yet to receive any benefits
from the redevelopment yet
as the domestic terminal was
the last phase scheduled to
take place. As a result, he
likened the passenger user
facility fee to “paying for your
house before you live in it”.

And Bahamian airlines
were also paying fees for a
non-existent service - elec-
tronic baggage screening for
domestic flights. “We don’t
mind paying for services if
we're going to get it,” Cap-
tain Butler said, adding that
NAD’s response when
queried about the security
screening fees was to state
they were only collecting it
for the Airport Authority.

Bahamasair must ‘top
the list’ for privatisation

FROM page 1B

incurred more than $450 mil-
lion in accumulated losses
since inception - ‘ticked all
the boxes’ if the Government
was looking for another asset
to sell to the private sector.

“In my mind, why not
Bahamasair?” questioned
Captain Butler, addressing
the Rotary Club of West Nas-
sau. “If you carry out all the
tests for privatisation,
Bahamasair should be top of
the list.

“Bahamasair has been very
good to us, but is it still living
up to its mandate of bringing
tourists to the Bahamas?........
Bahamasair has seven planes,
and when you look at their
schedules and routes, you
know the planes are going to
be late, because they cannot
keep up.”

Captain Butler suggested
that once Bahamasair’s debt
and solvency deficiency (lia-
bilities exceeding assets) were
addressed, any purchaser or
a privatised national flag car-
rier should focus on convert-
ing it into an international
long-distance airline, with the
primary role of bringing
tourists into this nation’s
international airports from all
over the world.

A major fleet restructuring
would also be required, the
Sky Bahamas chief executive
added, with Bahamasair con-
verted from a largely turbo
prop-based fleet to one fea-
turing jets. It would partner
with smaller, privately owned
Bahamian airlines who would
transport visitors to their cho-
sen Family Island destinations
once they arrived in Nassau
or Freeport.

He explained: “If it’s
[Bahamasair] going to con-
tinue with the tourism prod-
uct, we’re going to have to see
what happens with the islands
and the tourism product, and
get the appropriate planes.

“Tt’s going to have to look
at disposable income coming
from Europe and North
America, and contract with
domestic carriers to feed
them, once they figure out the
debt.” However, the Sky
Bahamas chief suggested that

“the business plan for the air-
line does not match the busi-
ness plan from the Govern-
ment.”

Noting that Bahamasair no
longer served destinations
such as Cat Island and
Andros, Captain Butler con-
trasted the $300,000 that Sky
Bahamas gave away to the
likes of scholarships, charities
and Family Island events with
what he claimed was the total
lack of involvement by the
national flag carrier in such
activities.

Emphasising that Sky
Bahamas and other Bahami-
an privately-owned domestic
aviation carriers were not
seeking hand-outs or subsi-
dies from the Government,
Captain Butler said the sec-
tor wanted the administration
to “just facilitate the things
we need to do”.

“Because of the lack of a
strategic plan going forward,
from day to day we do not
know what is going on, and
because the Government is
both operator and regulator,
the game is fixed,” the Sky
Bahamas chief said.

“While I have to pay my
light bill on time or I would be
in darkness, while I have to
pay my phone bill on time or
be quiet, while I pay NIB and
my Business Licence on time,
Bahamasair gets soft loans.”

Captain Butler again
alleged that promotions such
as Bahamasair’s “March Mad-
ness’ campaign were anti-
competitive because they
effectively represented preda-
tory pricing, selling tickets
“below market” value safe in
the knowledge that its rivals
could not follow suit, and that
it would be protected by its
taxpayer subsidy.

“Why are we getting that
from a government airline,”
Captain Butler said, ques-
tioning the strategy behind
such a move. However, Neko
Grant, the minister responsi-
ble for Bahamasair, and mem-
bers of the airline’s Board and
management, have all in the
past vigorously denied that
these promotions are akin to
predatory pricing.

Still, the Sky Bahamas chief
executive yesterday said
Bahamasair’s heavy dis-

counting had impacted the
market, with fellow carrier
Western Air dropping its tick-
et prices this month in
response.

He, though, had chosen not
to follow suit because Sky
Bahamas simply could not
afford to do so, and the airline
had responded by concen-
trating on customer service.
“People have had to under-
stand this is what it costs,”
Captain Butler said.

Noting the vital role that
Bahamian-owned airlines
played in fostering growth

and development, particular-
ly in the Family Islands by
getting tourists there, Captain
Butler said: “We need a gov-
ernment with the political will
saying we’re going to look at
this aviation industry, and say
it’s not a luxury but an essen-
tial service. We will pay our
way, but will not accept dou-
ble or triple taxation.

“We are restoring develop-
ment of the islands, but I can’t
pass it [taxes] on because I
have a competitor that is the
national flag carrier.”

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NOTICE

MORITZKA LIMITED

NOTICEIS HEREBY GIVEN as follows:

(a) MORITZKA LIMITED is in voluntary dissolution
under the provisions of Section 137 (4) of the
International Business Companies Act 2000.

(b) The dissolution of the said company
commenced on the 16th March, 2011 when the
Articles of Dissolution were submitted to and
registered by the Registrar General.

The Liquidator of the said company is Manex

Limited, The Bahamas Financial Centre, Shirley
& Charlotte Streets, Nassau, Bahamas

Dated this 25th day of March, A. D. 2011



Manex Limited
Liquidator



NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
137 (4) of the International Business Companies Act,
(No. 45 of 2000), JADE TOWER CORP. is in dis-
solution, Eliza S. Y. Wu is the Liquidator and can be
contacted at 8th Floor Henley Building 5 Queen’s Road
Central, Hong Kong. All persons having claims against
the above-named company are required to send their
names, addresses and particulars of their or claims to the
Liquidator before 22nd April, 2011.

Eliza S. Y. Wu
Liquidator



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Open
Saturdays

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2.00pm


NOTICE

XXMOBINE INC.

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(A) of the International Business Companies Act.
2000, XXMOBINE INC. is in dissolution as of
March 16, 2011.

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

LIQUIDATOR















MANAGEMENT
OPPORTUNITY:

COMFORT SUITES PARADISE ISLAND is
considering highly qualified applicants for the role
of Sales Manager

Responsibilities & Requirements:

¢ Lead and motivate Sales staff by example.

* Possess the ability to conceptualize, design
and develop marketing strategies for private
and public sector corporations and social/
service organizations.

¢ Must be able to originate and implement
strategies, technologies and action plans for
local corporate accounts.

* Must be able to establish, maintain and
coordinate the implementation of all Sales

& Marketing and Public Relations policies
& procedures for the hotel property to
increase revenue.

¢ Facilitate the development of Sales/catering
team; and implement training programs.

¢ Self motivated with strong analytical and
problem solving skills.

¢ Prepare, analyze and report Sales budgets.

¢ Excellent written and oral communication
skills.

* Able to work extended hours, weekends and

holidays.

Qualifications:

¢ BA in Sales & Marketing, Hospitality
Management or equivalent from an
accredited University.

¢ Minimum of five years experience with at
least 2 years in hotel Sales & Marketing

* Working knowledge of Excel

* Working Knowledge of Microsoft Word and
hotel property management systems

Interested persons should apply in
writing only to the General Manager on or
before Friday April 1, 2011.

Comfort Suites Paradise Island
P.O. Box SS6202
Nassau, Bahamas

Suitably qualified candidates need only apply.
Salary is commensurate with experience and
qualifications.

ROYAL = FIDEL

Moray al Work

PAGE 6B, FRIDAY, MARCH 25, 2011

THE TRIBUNE



=
‘Astounded' at negative perceptions of Bahamas

FROM page 1B

“T took that opportunity,
nonetheless, to walk them
through a set of comprehensive
slides on what our regulatory
framework looks like, what it
requires, how it meets the inter-
national standards, and I think
they were astounded.”

The event Ms Bethel spoke
at was the 16th Annual Inter-
national Money-Laundering
conference, hosted by Money-
laundering.com in Hollywood,
Florida, which brought togeth-
er compliance officers, auditors,
law enforcement officials, reg-
ulators and others.

At a seminar organised by
the Institute of Internal Audi-
tors at Breezes Superclub yes-
terday, Ms Bethel said that rais-
ing international awareness of
the steps taken by this nation to
bring its legislative and regula-
tory framework into line with
international standards - and
go beyond, in some instances -
should now be a major focus
for both public and private sec-
tor stakeholders if the Bahamas

is to grow its financial services
sector in a competitive global
environment.

“T think it’s extremely impor-
tant that the robustness, and
the fact that we meet these
standards, is a message that we
are continually getting out there
from credible sources that are
not necessarily ones that are
perceived as promoters of busi-
ness activities in the Bahamas,
but from persons like myself,”
Ms Bethel said. “who work in
the policy and regulation area,
who can explain clearly what
the regulation framework is,
what the rules are to tax infor-
mation exchange, transparen-
cy issues or supervision and
how these compare to global
standards.

“T think there’s a greater
reinforcement if it is coming
from those developing the rules
than those who are subject to
the rules.

“We've had 10 years trying
to settle the dust. We now need
to focus on this in order to sus-
tain ourselves and to grow the
business in the Bahamas,
because that creates the cer-

tainty that encourages persons
to look at the Bahamas as a
viable place to do business”
said Ms Bethel, in an interview
with Tribune Business.

TIEAs create “avenues for
strengthening and growing
trade relations with other
economies”, said Ms Bethel,
adding that some countries
have in the past “penalised” cit-
izens who may have had
income accruing in place like
the Bahamas in the form of
higher tax rates, as they were
unable to ascertain what addi-
tional taxable income the indi-
vidual may have.

“With the introduction of
TIEAs, that lack of trans-
parency is removed, so there is
the opportunity to discuss much
broader and deeper trade rela-
tions, as it relates to foreign
direct investment and joint ven-
tures,” suggested Ms Bethel.

The attorney yesterday
updated the Institute of Inter-
nal Auditors on the steps the
Bahamas has taken to meet
international standards, includ-
ing having signed 24 Tax Infor-
mation Exchange agreements

(TIEAs) to date - 12 more than
the dozen that were required
in 2009 to be removed from the
OECD “grey” list of not fully
compliant financial services
jurisdictions.

Some 14 of these agreements
are currently in force - with the
US, UK, China, Australia,
Mexico, the Netherlands, Nor-
way, Sweden, Finland, Den-
mark, the Faroe Islands, India
and Monaco. In the case of the
remainder, The Bahamas has
done “all we need to do to
bring the TIEAs into law” and
now awaits its partner countries
to do the same in order that
they, too, can be fully imple-
mented.

The TIEAs have been
enabled in law by the passing of
the International Tax Cooper-
ation Act 2010 and the
Bahamas US TIEA Act, 2003.

Meanwhile, five more TIEAs
are pending, and given the
direction the OECD/G-20 have
moved in - suggesting that
countries should in fact sign
TIEAs with “any relevant part-
ner” - more are on the way.

i

NOTICE

ENGEL EAST INVESTMENTS LTD.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies Act.
2000, ENGEL EAST INVESTMENTS LTD. is in
dissolution as of March 10, 2011.

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

LIQUIDATOR

NOTICE

AESTAS ESTAS LTD.

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
1384) of the International Business Companies Act.
2000, AESTAS ESTAS LTD. is in dissolution as of
March 23, 2011.

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

LIQUIDATOR

= EG CAPITAL MARKETS
5 BROKERAGE & ADVISORY SERVICES

BISX LISTED & TRADED SECURITIES AS OF:
THURSDAY, 24 MARCH 2011
BISX ALL SHARE INDEX: CLOSE 1,471.33 | CHG 0.00 | %CHG 0.00 | YTD -28.18 | YTD % -1.88
FINDEX: YEAR END 2008 -12.31%

WWW.BISXBAHAMAS.COM | TELEPHONE: 242-677-BISX (2479

S2wk-Low Securit _y
AML Foods Limited

Bahamas Property Fund

1.19
10.63
5.20
0.18
FO
1.96

9.05
4.40
O.17
2.70
1.96

Bank of Bahamas
Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank (S1)
Consolidated Water BDRs
Doctor's Hospital
Famguard

Finco

FirstCaribbean Bank
Focol (S)

Focol Class B Preference
ICD Utilities

J. S. Johnson

Premier Real Estate

B25
AS
5.80
1.90
1.40
5.22.
5.65
8.77
4.57
1.00
5.50
9.80
10.00

B25
2.40
6.82
2.22
1.40
5.22
7.20)
9.30
5.48
1.00
7.30
B.82
10.00

Previous Close Today's Close

| FACSIMILE: 242-323-2320

Change Daily Vol. EPS $ Div $
0.00 0.123
0.00 0.013
0.00 0.153
0.00 -0.877
0.00 0.168
0.00 0.016
1.050
1.031
0.488
0.144
0.107
0.357
0.682
0.494

1.19
10.63
5.20
0.18
2.70
1.96
9.25
2.40
6.82
2.22
1.40
2
7.50
9.30
5.48
1.00
7.30
9.82
10.00

0.00
0.00.
0.00.
0.00
0.00.
0.00.
0.00.
0.00,
0.00,
0.00.
0.00.
0.00.
0.00.

0.452
0.000
0.012
0.859
1.207

BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing basis)

52wk-Hi__5S2wk-Low, Security
Bahamas Note 6.95 (2029)

Fidelity Bank Note 17 (Series A) +
Fidelity Bank Note 22 (Series B) +
Fidelity Bank Note 13 (Series C) +

Fidelity Bank Note 15 (Series D) +

Symbol
BAH29
FBB17
FBB22
FBB13
FBB15

Last Sale

4
4
4
4

Interest

99.46 6.95% 20 November 2029
00.00 7% 19 October 2017
00.00 Prime + 1.75% 19 October 2022
00.00 2 7% 30 May 2013
00.00 x 3 Prime+ 1.75% 29 May 2015

Change Daily Vol.

RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)

Symbol
Bahamas Supermarkets
RND Holdings

Bid &
N/A
Oe

Ask ®
N/A
0.40

Last Price EPS $
-2,945

0.001

Div & PS
0,000
0.000

Daily Wo.

C55. 256.6

CFAL Securities Ltd. (Over-The-Counter Securities)

ABDAB ea Lae
RND Holdings 0.45

31.59
0.55

29,00 4.540
0.55 0.002

0,000
0,000

9.03.
261.90

BISX Listed Mutual Funds

NAV

151738
2.9486
41.5837
2.7049,
13.4392
114.3684
106.5528.
1.1465
1.71865
1.1491

Fund Name
CFAL Bond Fund
CFAL MSI Preferred Fund
CFAL Money Market Fund
Royal Fidelity Bahamas G & | Fund
Royal Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
FG Financial Preferred Income Fund
FG Financial Growth Fund
FG Financial Diversified Fund
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

1.4076
2.8300
1.5141
2.8522
13.0484
101.6693
99.4177
11,0000,
1.0000
11,0000,
9,1005
BF eo
10.0000
10.6417
9.1768.
10.1266

4.8105 8.4510

YTD%

5.51%
0.04%
0.61%

-0.56)

0.61%
9.98%
4.75%
5.20%
4.73%
5.35%

4.85%

-1,20

1.27%
0.72%

NAV 3MTH
1.498004
2.918256
1.564030

NAV GMTH
1.475244
2.910084
1.545071

NAV Date
30-Nov-10
28-Feb-11
11-Feb-1141
31-Jan-11
31-Jan-11
30-Jun-10
30-Sep-10
31-Dec-10
31-Dec-10
31-Dec-10

Last 12 Months %
6.90%
1.45%
4.59%

% -15.54%

-0.22%

12.49%

7.18%

5.20%

4.73%

5.35%

109.392860
100.779540

107 570619
105.776543

5.45% 30-Nov-10

% 0.50% 30-Nov-10

1.27%
9.95%

31-Jan-11
31-Jan-11

MARKET TERMS

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00
52wicHi - 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

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
EPS $ - A company's reported earnings per share for the last 12 mths
NAV - Net Asset Value

N/M - Not Meaningtul

FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100

- Trading volume of the prior week

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

NOTICE

NOTICE is hereby given that SHERYL ALCITA of
McKinney Drive off Fire Trail Rd., P.O.BOX N-4037,
NASSAU, BAHAMAS is applying tothe Ministerresponsible
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 18'" day of
March, 2011 to the Minister responsible for nationality

NOTICE

TAVOY CORPORATION

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies Act.
2000, TAVOY CORPORATION is in dissolution as
of March 23, 2011.

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

LIQUIDATOR

NOTICE
DUNMORE INDUSTRIES LTD.

In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies
Act. 2000, DUNMORE INDUSTRIES LTD. is in
dissolution as of March 23, 2011.

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

LIQUIDATOR

NOTICE

SHUTTERBUG HOLDINGS INC.
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies Act.
2000, SHUTTERBUG HOLDINGS INC. is in
dissolution as of March 21, 2011.

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

LIQUIDATOR


THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 7B



Commission eyes F Bio

Six 2011 targets

The Securities Commis-
sion is targeting six priori-
ties for 2011, including
enhancing the capital mar-
kets regulator’s internal sys-
tems, governance and effi-
ciency.

The other goals are a revi-
sion of regulatory operations
at the Securities Commis-
sion, improving the regula-
tor’s legislative framework,
and ensuring high standards.

These goals were outlined
when the Securities Com-
mission of the Bahamas
hosted its fifth annual Indus-
try Briefing at the British
Colonial Hilton. The Brief-
ing was designed to bring
together capital market
stakeholders with the Com-
mission’s management to
exchange ideas on develop-
ments and challenges within
the market.

The welcome address,
which included a high level
overview of the Commis-
sion’s strategic direction,
was rendered by the Com-
mission’s chairman and act-
ing executive director, Philip
Stubbs. Additional presen-
tations were made by
department heads on the
developments within their
portfolios. Heads of depart-
ments making presentations
were: Laverne Thompson,
authorizations manager;
Sandra Duncombe, acting
market surveillance manag-
er; Denise O’Brien, inspec-
tions manager; and Gawaine
Ward, deputy legal counsel.

Mr Stubbs said Standing
Committee four of the Inter-
national Organisation of

Securities Commissions
(JOSCO)) no longer needed
to monitor the Securities
Commission’s international
assistance and exchange
activities.

Legislative improvements
at the Commission will be
further developed in 2011.
These developments will
include programs designed
to implement the new Secu-
rities Industry Act and
accompanying regulations,
continuation and completion
of the review of the Invest-
ment Funds Act (IFA), and
areview of the Financial and
Corporate Service Providers
Act. Additionally, the Com-
mission will continue its
efforts to ensure consistent,
high standards of ongoing
operations in 2011.

Updates

Ms Duncombe = said
updates under her depart-
ment included amendments
made to the Investment
Funds Act 2003, which came
into effect on May 1, 2010; a
review to enhance the Com-
mission’s surveillance pro-
gram; and incorporating
Financial and Corporate
Service Providers into the
same.

Areas of focus for 2011
include enhanced oversight
of the secondary market,
finalisation of takeover
codes and implementing a
complaints process for
licensees, registrants and the
general public.

Ms O’Brien advised that
onsite evaluations during the

past year revealed several
common inspection findings.
She listed several remedies,
including orders for contract
notes, identifying the Bro-
ker-Dealer, to be submitted
within 24 hours. Licensed
Funds, unless exempted,
were to submit their audited
financial statements within
six months, and all stock-
brokers, dealers, traders and
associated p[ersons are to
be registered by the Com-
mission. Ms O’Brien noted
the 21-day limit for invest-
ment funds to advise the
Commission of any material
changes taking place within
the fund.

In regards to the intend-
ed review of the Investment
Funds Act, Mr Ward noted
that the Commission has
sought the support of the
Bahamas Financial Services
Board (BFSB) in providing
the basis for required
amendments. Work will
begin on that project shortly.

Mr Ward said an initial
review of the Financial and
Corporate Service Providers
Act 2000 has started, and
work on developing pro-
posed amendments will con-
tinue through the year.

He added that the devel-
opment of various rules nec-
essary for the initial imple-
mentation of the draft secu-
rities legislation were under
way, and it was anticipated
these would be released for
industry consultation with-
in the 2011 first quarter.

Labour dispute system: ‘Lot to be desired’

FROM page 1B

well.”

Mr Rolle added: “I think our system leaves a
lot to be desired, and why we find it necessary to
bring a number of people together. It’s important
we have all the parties on the same page, and

playing from the same playing field.
“It’s a tremendous cost, not only from a finan-
cial perspective but a loss of time, a loss of pro-

ductivity, but what happens strains relations
between the employer and employee and rumbles
on for years, as opposed to being sorted out rel-
atively timely so costs are not significant.”

PERFORMANCE,
a

le

Geolfrey Jones offers the fine line: ak General Electric

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NOTICE

SIR LYNDEN PINDLING ESTATES
FORMERLY PINEWOOD GARDENS

Il SUBDIVISION

This Notice serves to advise the general public that lots
within the following blocks purportedly sold as lots within
“Nassau Village” form a part of the Sir Lynden Pindling
Estates Subdivision (formerly Cedar Groves/Pinewood
Gardens II) and are the property of Arawak Homes
Limited.

These Blocks are:
52,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,
72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,
92,93,94,95,96,98,99,100,101,102,103,104,105,106,107,108,
109,110,111,112,113,114,115,116,117,118,119,120,121,122,
123,124,125,126,145,146,147,148,149,150,151,152,153,154

The general public 1s further advised to beware of purchasing
any lots in the above Blocks unless the land is described as
being in the Sir Lynden Pindling Estates Subdivision and
is being purchased from Arawak Homes limited or from
a person or entity which purchased from Arawak Homes
Limited. Otherwise, the seller(s) are not the owners of the
land.

If you have purportedly purchased any lot(s) within the
above-mentioned blocks, you are advised to immediately
seek proper and independent legal advice from a
reputable law firm or attorney.

Should you have any questions, please contact:

GENERAL LEGAL COUNSEL
ARAWAK HOMES LIMITED
P.O. BOX N 3180
NASSAU, BAHAMAS
PHONE: (242) 394-0014/5; 502-6500


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22 to 18 vote ends
14-year process
of privatisation

By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

THE sale of 51 per cent of
BTC's shares to London-
based Cable & Wireless was
passed in the House of
Assembly by a vote of 22 to
18 last night in what Prime
Minister Hubert Ingraham
called an “historic” moment.

The vote paves the way for
the shares to be sold to CWC
and brings the 14-year pri-

vatisation process to an end.

After the votes were cast
on the resolutions, Prime
Minister Hubert Ingraham
remarked that his party came
into the House with 22 seats
on the floor, one in the
Speaker's chair and currently
has the same number, a ref-
erence to the departure of
newly-independent Bamboo
Town MP Branville McCart-
ney who voted against the

SEE page 10

MINISTER CLAIMS BLUEWATER
WAS A “FRONTING’ OPERATION

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

BLUEWATER Ventures Limited, the front-
runner in the BTC privatisation process under
the Progressive Liberal Party government, was a
“fronting” operation, claimed Zhivargo Laing,
Minister of Finance, in the House of Assembly

yesterday.

SEE page 10

MINISTER
OF FINANCE
Zhivargo Laing

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FRIDAY, MARCH 25, 2011



FSET Sia



The Tribune

LATEST NEWS ON WWW.TRIBUNE2 42. Seat

THE PEOPLE’S PAPER
BIGGEST AND BEST

BTC VOTE IN HOUSE OF ASSEMBLY



OATMEAL BAR

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

Records

rst ity
day one

SEE SECTION E



ONLY 14% OF COB
GRADUATES ARE
MALE STUDENTS

By TANEKA
THOMPSON

Tribune Staff Reporter
tthompson@
tribunemedia.net

MALE students account
for only 14 per cent of the
graduates from the College
of the Bahamas, says new
COB President Dr Betsy
Vogel Boze.

The statistic is evidence
of a "frightening" devel-
opment, mirrored in low
college enrolment rates by
Bahamian males while
enrolment and graduation
of their female counter-

SEE page 10

Felipé Major/Tribune staff

ABOVE: The Opposition vote against the sale of 51 per cent of BTC's
shares to London-based Cable & Wireless.





PM THANKS ROYAL BAHAMAS
POLICE FORCE AFTER BIC VOTE

PRIME Minister Hubert Ingraham

expressed his satisfaction and that of his ; ae
Sa cteatt : ‘ : colleague Branville McCartney to join
Se yclslaoe manne ioabeRarernonrr elec i the PLP in voting against the BTC }

Parliamentary process authorising the pri- :
ae esl yey :. Sale last night, but they were momen- ;
tarily thrown into confusion by an

unexpected defection — that of Prime : ‘ 1 1
; national Airport on Wednesday night.

vatisation of BTC and the sale of 51 per }
cent of the shares in the company to Cable i
and Wireless Communications Ple. (CWC).

He thanked the High Command and the
members of the Royal Bahamas Police }

Force for the professional manner in which

in and around the houses of parliament.

The Prime Minister said the Bahamian
public can be reassured by the level of }
good judgment and diligence exhibited by
the RBPF. This, he said, was evidence of :
the experience of a well-trained and disci- }

plined Force.



Ue eR

NASSAU AND BAHAMA ISLANDS’ LEADING NEWSPAPER

PM’S ‘NO’ VOTE BRINGS
CHEERS FROM OPPOSITION

FNM MPs expected their former Tribune Staff Reporter

: cnixon@tribunemedia.net

Minister Hubert Ingraham himself.
The Opposition, on the other hand,

: exploded into cheers — Fox MP Fred :
they conducted themselves over the past ; :
few weeks. In particular the Prime Minister
commended the RBPF for their profes-
sionalism and discipline during what were
potentially volatile situations as protests
by individuals opposed to the privatisation
process turned unruly and unpredictable

SEE page 10
MAN DIES AFTER STABBING

A 29-YEAR-OLD man died yester-
day after being stabbed multiple times.
According to police, the man was visit-
ing a home at Lily of the Valley Corner
when an altercation with a male resi-
dent led to him being stabbed shortly

SEE page 10

ZERO DOWN

FLIGHTS DIVERTED TO BAHAMAS
AFTER FIRE AT MIAMI AIRPORT

By CELESTE NIXON

A NUMBER of flights were diverted to
New Providence for refuelling yesterday
following a fuel tank fire at Miami Inter-

Thousands of outbound passengers
SEE page 10

PM AND GOVERNOR GENERAL
TO ATTEND ROYAL WEDDING

PRIME MINISTER Hubert Ingra-

: ham and Governor General Sir Arthur
: Foulkes, with their wives, will be attend-
i ing the Royal Wedding of Prince
: William and Kate Middleton.

Mr Ingraham made the announce-

SEE page 10

yd ae Ma &)ntague

Village Rail Mego Sharkey nl
Tok FHSS OR 34-1577
Charmichael fined
We: 341-1070

GUE A el month

Tre aa ae | are Pas ae ee
rei te tei PT
PAGE 2, FRIDAY, MARCH 25, 2011

THE TRIBUNE



LOCAL NEWS
rr = —

Schools show fruits of

labour at Agricultural
Science Exhibition

By LAMECH JOHNSON

SCHOOLS in New Provi-
dence had the opportunity to
showcase the fruits of their
labour at the Ministry of Edu-
cation’s three-day Agricul-
tural Science Exhibition at
the Kendal G L Isaacs gym-
nasium this week.

Patrice Green, an officer
from the ministry’s Science
and Technology division, said
that it is important to show































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what schools are doing in this
field as many Bahamians “are
unaware that agriculture sci-
ence is a part of the school
curriculum.”

“People call radio shows
and say that agriculture needs
to be taught in the schools,”
she told The Tribune.

The event, which started
Tuesday and ended yester-
day, highlighted the various
agriculture programmes at
primary schools, junior and

Lt

senior high schools in Nas-
sau, and how farming is being
taught as a potential career
choice.

Shantell Dean, one of the
11th graders at Government
High School, displayed work
from their agri-science pro-
gramme.

“These are pottage vegeta-
bles and plants. We’ve grown
English thyme, egg plants,
cabbages, among other
things.”

She said that the project
took a couple of months, but
with “hard work and team
work” it went well.

Other schools grew green
peppers, cucumbers, squash,
tomatoes and other greens.

R M Bailey seniors pre-
sented a very unique eco-
friendly project that 12th
grade students from last year
had done as an assignment at
that high school.

Marlon Johnson, a prefect
at R M Bailey, explained how
they made a strong and
durable, yet lighter cement
pot using three different com-
ponents.

“They made a styrocrete
pot using cement, peat moss
and styrofoam. To get the
desired shape, the styrocrete

is manually pressed into a
clay pot. However plastic
must be placed inside the pot
before pressing the mix,” he
said.

Breneya Murphy, deputy
head girl at R M Baily, said
the mixing process was “the
same as making concrete.”

Kachiri McPhee added
that the drying process only
takes about six hours in the
sun.

Students and science teach-
ers from other schools went
around taking notes that
could be used for projects at
their schools.

Ms Green said March is sci-
ence month for her ministry
and the science and technol-
ogy department has had a
series of science related
events which allowed Family
Island schools to participate.

The Agricultural Science
Exhibition attracted 13
schools.

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ABOVE: Shantell Dean, one of the 11th graders at Government
High School, displayed work from their agri-science programme.

BELOW: Students take notes at the exhibition.



All Saints Camp
may see light at
end of the tunnel

Social Services Dept
to meet with directors

By CELESTE NIXON
Tribune Staff Reporter
cnixon@tribunemedia.net

THERE may be some light at the end of the tunnel for
residents of the All Saints Camp AIDS shelter, accord-
ing to a senior civil servant.

The camp has been without electricity and running
water for a month, after BEC shut off the power in
response to a $78,000 unpaid bill.

But director of Social Services Mellany Zonicle told
The Tribune yesterday that her department soon will be
meeting with All Saints directors and following the
meeting will determine whether to provide financial
assistance.

The camp, on Lazaretto Road, provides room and
board to adults and children with HIV/AIDS, other ill-
nesses, and the impoverished.

Residents of the camp say life has been difficult and
uncomfortable over the last several weeks — water has to
be carried from a nearby public pump and flashlights are
being used sparingly at night.

"It's really tough, but I was here for five years, and to
know they won't kick me out of the place is a blessing,”
said a 36-year-old female resident who lives at the camp
with her children. “I don't have nowhere to go; I'm liv-
ing in a three bedroom place with a bathroom and
kitchen."

Another resident who was referred to the camp by
Social Services because she is homeless, appealed to the
government to help All Saints turn the lights back on.

She said: "I prefer being at the camp; I have my family
but I feel better at the camp.

“I scared of darkness so I'd like for them (Social Ser-
vices) to please help us and turn our light on.”

The resident added that if it were not for the camp,
she would be homeless, starving on the streets, maybe
even dead.

Meanwhile, the centre is appealing to the public to
make a direct donation to BEC on behalf of the 58 resi-
dents of the camp.

McFish

FOR LENT


THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 3



LOCAL NEWS





EACH parliamentarian
cast identical votes on all
three resolutions paving
the way for BTC to be sold
to Cable and Wireless
Communications.

The votes were recorded
as follows:

. Desmond Bannister,
Carmichael- YES

. Carl Bethel,

Sea Breeze -

. Larry Cartwright,
Long Island and
Ragged Island— YES

. Sidney Collie,

Blue Hills - YES

. Earl Deveaux,
Marathon - YES

. Kenyatta Gibson,
Kennedy -— YES

. Neko Grant,
Lucaya—-

8. Vernae Grant
Eight Mile Rock— YES
. Hubert Ingraham,
North Abaco— YES
10. Edison Key,
South Abaco— YES
11. Charles Maynard,
Golden Isles— YES
12. Hubert Minnis,
Killarney -— YES
13. Phenton Neymour,
South Beach- YES
14. Brensil Rolle
Garden Hills— YES
15. Kenneth Russel,
High Rock- YES
16. Brent Symonette,
St Annes -
17. Kwasi Thompson,
Pineridge -
18. Loretta Buttler Turner,
Montagu - YES

YES

YES

19. Tommy Turnquest,
Mount Moriah- YES

20. Byron Woodside,
Pinewood —

21. Kendall Wright,
Clifton -

22. Zhivargo Laing,
Marco City - YES

YES

. Shane Gibson,
Golden Gates— NO

. Picewell Forbes,
South Andros— NO

. Philip Brave Davis,
Cat Island, San Salvador,
Rum Cay- NO

.V Afred Gray,
MICAL -

. Melanie Griffin,
Yamacraw —

. Oswald Ingraham,
South Eleuthera— NO

. Perry Christie,
Centreville - NO

. Glennys Hanna-Martin,
Englerston — 0

. Branville McCartney,
Bamboo Town- NO

10. Fred Mitchell,

Fox Hilf- NO

11. Anthony Moss,
Exuma-

12. Bernard Nottage,
Bain and Grants
Town -

13. Vincent Peet,

North Andros— NO

14. Ryan Pinder,
Elizabeth - NO

15. Cynthia Pratt,

St Cecilia - NO

16. Alfred Sears,

Ft Charlotte- NO

17. Frank Smith,

St Thomas More — NO

18. Obie Wilchombe,
West End and
Bimini-

ISLAND ADMINISTRATOR
REASSIGNED AFTER
‘DEATH THREATS’

FREEPORT - Grand
Bahama Island Administra-
tor Don Cornish has been
re-assigned to New Provi-
dence after reportedly
receiving death threats.

According to sources in
Freeport, a complaint has
been filed with the police
regarding the threats against
Mr Cornish.

He has now been assigned
to the Licensing Section of
the Ministry of Finance,
located in the Prime Minis-
ter’s Office in Nassau.
Angela Pratt-Rolle has been
temporarily assigned Island
Administrator, and will be
working from the Prime
Minister’s Office in
Freeport.

However, The Tribune
contacted a Bahamas Infor-
mation Services (BIS) offi-
cial, who stated that Mr Cor-
nish was only appointed
administrator for a short
period, and that his tenure
had ended.





mm Laing: BIC ‘no sacred c

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

THE Bahamas Telecommu-
nications Company is “no
sacred cow” and not the
“birthright” of Bahamians, said
Zhivargo Laing in the House
of Assembly yesterday.

The Minister of State for
Finance said BTC is a business
entity created to deliver a ser-
vice. He said the corporation is
an “important” one to the
economy of the Bahamas, but is
not a “sacred thing that no one
can touch.”

He said the true birthright of
Bahamians is the opportunity
to maximise their potential, and
to achieve this end, the country
needs a “robust telecommuni-
cations” sector.

“We need an economy more
fit to take advantage of the
opportunities and meet the
challenges of the 21st century.
We need a leaner, more flexi-
ble, more dynamic, more
robust, more innovative, more
productive, more creative econ-
omy,” said Mr Laing.

“Such an economy will gen-
erate more jobs, better jobs,
better paying jobs, more busi-
nesses, more profitable busi-
nesses, more diversified busi-
nesses.

“Such an economy will help
to finance the broader human
hopes, dreams and aspirations
of our people, enable them to
do for themselves, so they don’t
have to be dependent on any
politicians or group of politi-
cians,” he said.

Mr Laing claimed the gov-
ernment would like to liberalise
the market immediately, how-
ever, it felt BT'C was not cur-
rently a company that could
survive in a competitive mar-
ket.

He said the government



























Felipé Major/Tribune staff
Ce

eee eereere

a |

MAKING A POINT: PLP Leader Perry Christie during the House
debate. Mr. Christie later voted “no”.





































sought to determine, “How do
we create an open competitive
market while ensuring that we
do not kill the company we own
today?”

They found the company
required new and more
advanced technology; new
management approaches; new
skills — not just technical skills
but innovative skills; access to
capital; new network facilities;
new business processes and
valuable branding.

Cable and Wireless Commu-
nication (CWC), he said, is a
strategic partner that can bring
most if not all of the improve-
ments BTC needs.

Throughout the privatisa-
tion process, Mr Laing said,
none of the interested compa-
nies valued BTC at the price
for which some members of the
public claimed it was worth.

He said there were claims
that the value of BTC was $600-

800 million. However, the bids
throughout the process ranged
between $229 million and $531
million. The majority of the
offers valued the company at
less than $400 million. With the
government’s sale of BTC to
CWC, Mr Laing said the com-
pany is valued at $429 million.

He added that none of the
major global telecom providers
were interested in BTC.

Making his contribution to
the debate, Progressive Liberal
Party leader Perry Christie said
that during the bidding process
under his former government, it
was a “buyers market, not a
sellers market” and that the
$130 million price offered for
49 per cent of BTC shares was
not acceptable.

He said the government sub-
sequently engaged in an aggres-
sive process to improve the
competitiveness and value of
BTC.

SPECIAL

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MARCH 25th-26th





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6G

We need an

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opportunities
and meet the
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PAGE 4, FRIDAY, MARCH 25, 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

STR ETIENNE DUPUCH, Kt, O.B.E., K.M., K.C.S.G.,

(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1972-

Published Daily Monday to Saturday

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

Libya mission clouded by confusion

WASHINGTON — President Barack Oba-
ma said he was setting clear and unmistakable
terms for the U.S. role in Libya: It would be
limited, lasting days, not weeks, and its purpose
was to protect Libyan citizens.

But that's not the way it's turned out. Less
than a week later, the mission has been clouded
by confusion and questions about who's in
charge and who's doing what — all while the
killing of civilians is going on.

The Pentagon claims success in establishing
an effective no-fly zone over much of Libya that
has grounded Col. Moammar Gadhafi's aging air
force. But Gadhafi's tanks and troops are still tar-
geting civilians on the ground.

The administration seeks to minimize cur-
rent disputes over the reins of leadership, sug-
gesting everything will fall in place quickly, ide-
ally by this weekend.

There are some doubters.

"It could still all come around very quickly in
our favour. But if that's to happen, we will have
to apply much more intensive military power
in an effort to make this succeed," said Aaron
David Miller, a former top State Department
Mideast negotiator in Republican and Democ-
ratic administrations.

"But it doesn't appear to me, given the con-
straints acting upon us and our own reserva-
tions, that we're prepared to do that," said Miller,
now with the Woodrow Wilson Centre, a for-
eign-policy think tank. “Right now, it appears to
be settling into a stalemate which isn't terribly
hurting on the Gadhafi side."

Obama also faces a sceptical audience on
Capitol Hill. House Speaker John Boehner, R-
Ohio, wrote to the president saying he and oth-
ers "are troubled that U.S. military resources
were committed to war without clearly defining
for the American people, the Congress and our
troops what the mission in Libya is and what
America's role is in achieving that mission."

Boehner said Obama so far had made a "lim-
ited, sometimes contradictory case" for the
action. There also seems to be a disconnect
between Obama and his military commanders.
He keeps emphasizing that the US. is just one of
many players in the coalition. But in their brief-
ings, the generals and admirals sound like the
Pentagon is running the show, at least for now.

To date, the air attacks on Libyan targets
have been predominantly American. In a 24-
hour period as of late Wednesday, 175 sorties
were flown, 113 by the United States, U.S. Navy
Rear Adm. Gerald P. Hueber told reporters
from the U.S. command ship in the Mediter-
ranean Sea.

His portrayal suggested a long slog might lie
ahead. "We have no indication that Gadhafi's
forces are adhering to United Nations Resolu-
tion 1973," which authorized the establishment
of a no-fly zone and demanded that govern-
ment forces pull back from population centres,
said Hueber, chief of staff for U.S. operations.
"Our intelligence today is there's no indication
that Gadhafi's forces are pulling back."

US. Defence Secretary Robert Gates no

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doubt reflected the views of many military com-
manders when he warned weeks ago that estab-
lishing a no-fly zone was a big, complicated oper-
ation tantamount to an act of war — and one
with questionable viability.

Gates, visiting Cairo on Wednesday, said he
couldn't predict when the international military
enforcement of a no-fly zone over Libya might
end — but suggested the U.S. could turn over
control of the operation as soon as Saturday.
Gates said no one thought the assault would
last only two or three weeks, but he could not say
how the coalition operation might be resolved.

For now, at least, the U.S. remains the ad
hoc boss of the operation, now in its fifth day,
with no certainty about who will take over or
when. Talks are continuing in Brussels, head-
quarters of the North American Treaty Orga-
nization. The U.S. wants NATO to take the
command and control lead in overseeing coali-
tion forces. U.S., European, Arab and African
officials have been invited to a meeting in Lon-
don next Tuesday to discuss outstanding politi-
cal and logistical issues.

Richard Downie, an Africa expert at the
Washington-based Centre for Strategic and
International Studies, said the United States'
lead role in the operation was lasting longer
than he'd expected.

Obama has ruled out US. troops on the
ground, and did so again Wednesday in an inter-
view with the Spanish-language network Univi-
sion. Wrapping up a Latin American trip, Oba-
ma said a land invasion of Libya was “absolute-
ly" out of the question.

Asked about an exit strategy, Obama did
not lay out a vision for ending the international
action. "The exit strategy will be executed this
week in the sense that we will be pulling back
from our much more active efforts to shape the
environment," he said.

"We'll still be in a support role, we'll still be
providing jamming and intelligence and other
assets that are unique to us, but this is an inter-
national effort that's designed to accomplish the
goals that were set out in the Security Council
resolution," he said.

Many strategic issues have yet to be resolved.
For instance, if the rebels are able to retake the
military offensive, will the coalition provide air
support as they seize territory or attack govern-
ment troops?

"Nothing will be more dangerous to the effec-
tiveness of the coalition's cause than not agree-
ing on why we are all there and what we intend
to do," said former U.S. Under Secretary of
State Nicholas Burns.

Secretary of State Hillary Rodham Clinton
urged patience. The biggest success of the oper-
ation so far — "a humanitarian crisis that thank-
fully didn't happen (in Benghazi)" — isn't getting
enough attention, she told reporters Wednesday.

Still, she acknowledged, "Challenges remain
so long as Gadhafi continues to direct his forces
to attack his own people."

(This article was written by Tom Raum of the
Associated Press).

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Transparency
and fairness key
to democracy

EDITOR, The Tribune.

I have spent the last two
weeks looking at the nation
and people of the Bahamas,
attempted to write letters and
found myself reaching some
rebellious conclusions about
what answers and remedies
should be about.

Speaking to an older friend
reminded me that life is not
about answers, there are
answers for more things than
there are questions. His sage
response to “What is democ-
racy?” was, “Have you
answered the question in your
own country?” He was refer-
ring to the fact that we in the
Bahamas take our cues from
how people are doing things
everywhere else in the world,
it is not too original, but it
takes away the responsibility
of being responsible, since the
idea came from somewhere
else.

And when you think of it,
that is how the country has
progressed — a lot of outside
help and money, with
Bahamians acting like tourists
most of the time.

At the end of my looking, I
had the opportunity to view,
on one of the local television
stations a discussion on the
privatisation of BTC, the talk
show host had some members
of a political party giving their
view on the process.

It was amazing, the amount
of information that came out
of it, there were answers for

LETTERS

letters@tribunemedia.net



everything, until the modera-
tor asked a question that was
not anticipated. He wanted to
know what was that particular
party’s policy on the privati-
sation, seeing that they had
attempted the same process,
some time ago. They were not
able to give an answer, and
then the host reminded them
that their position had
changed from what it previ-
ously was, and the reply was
that that was the nature of
politics.

The host was able to pin
down one of the rising stars in
the party and his reply was
that they did not have a poli-
cy on BTC, but they had a
model that they were follow-
ing. I wanted the host to push
for a further explanation of
that model, but they ran out
of time.

Lately, it seems like most
of the answers the public is
getting are more like opin-
ions; everybody has one. We
must come to the place where
we are able to ask the ques-
tions to whoever is leading
our nation or who would like
to lead and not get out of
their face until the answers
are forthcoming.

I am getting ticked about
the BTC issue, primarily
because the public is not

being told what is happening
and/or the bodies involved in
the process are not informed
on the issues that they are
addressing and this exercise
up to now is more about per-
sons maintaining their
lifestyles or various groups of
persons promoting social
unrest.

The historic reality is that
technology renders a judg-
ment that government legis-
lation cannot protect anybody
from, except you are living in
a dictatorship, and those of
us who think we are gaining
something by promoting bat-
tles are wasting time and
money.

We became a democracy in
1967, but it took us 25 years to
get our voices, and even with-
in that time frame persons
who should have known bet-
ter made an attempt to ban
dialect from the airwaves.
What is a Democracy? It is
when persons who were
democratically elected exer-
cise transparency in their
dealings with the persons who
elected them, and those who
would like to be elected give a
fair and impartial presenta-
tion of what they do know
and would like to see, leav-
ing nothing out. Anything else
is politicking.

EDWARD
HUTCHESON
Nassau,

March 21, 2011.

Delighted by Picewell
Forbes’ excellent speech

EDITOR, The Tribune.

I confess that ’'m not politically-minded. I
just happened to be on Bay Street yesterday
and pass the barricades on my way home from
a hospital clinic (the bus stop is still on Bay
Street), and bumped into persons wearing

placards.

It was good to see people engaging in a fair-
ly good-humoured, peaceful demonstration
against something with which they, and per-
haps their political party, disagreed.

Because I’m not particularly interested in
current politics, it was purely by accident that
this morning I let the radio dial stray onto
1540 AM at a time when members of parlia-
ment were talking about the bill to sell BaTel-

Co.

To tell the truth, I wouldn’t sell anything to
do with communications. Maybe I’ve watched
too many spy thrillers and read too many
James Bond novels, but I think there’s some-
thing special about communications; one does

nerable. I don’t feel easy being vulnerable,
but that’s just me. What I really took up pen to

paper to say is that I was delighted to hear
the delivery in the debate of the member from
South Andros, Mr Picewell Forbes.

That’s not just because he graduated from
the College of The Bahamas and UWI - he

could’ve graduated from anywhere; it’s what

he does with his degree(s) that counts. No,
Mr Forbes presented an impassioned treat-
ment of the question of our belief in us as
individuals and as a nation. True, he might
have been a bit questionable about the number
of Bahamian presidents of COB, but I thought
his speech was excellent. I’m all for appreci-
ating the contributions of foreigners to the
building of the modern Bahamas, but not at

the expense of making us look as though we

not let control of communications slip from

one’s hand! Letting go of our major commu-
nications system to foreigners is like having an
outsider in the confines of our homes all the
time! I know it would render me, for one, vul-

Nassau,

Job Vacancy

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seeks to fill the position of Assistant
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* Excellent communication and team work

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All resumes must be received by

25" March 2011.



TELCINE E
TURNER ROLLE

still need to be potty-trained as a people.

We have to grow up beyond politics, parti-
sanship, and social and economic enclaves.
Otherwise, we’ll never succeed as an inde-
pendent nation. Thank you.

March 22, 2011.

Rights, yes — but what
aljout freetiom of speech?

EDITOR, The Tribune

Re: Robin Hood owner
‘shocked’ by PM’s comments.
— The Tribune, March 17,
2011.

THE article mentions a per-
manent resident having “near-
ly all the same rights as a
Bahamian citizen.”— True, but
freedom of speech does not
appear to be one of them.

KEN W KNOWLES, MD
Nassau,
March 19, 2011.

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.


THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 5



LOCAL NEWS



Canadian man
helieved to
have drowned
in Exuma

A CANADIAN man
vacationing with his wife in
Exuma is believed to have
drowned on Wednesday.

Exuma police received
information that a man was
found in an unresponsive
state at Stocking Island at
around 12.30pm.

According to report, a
husband and wife were
swimming when the inci-
dent occurred.

The 57-year-old native of
Ottawa, Canada was
retrieved from the water
and taken to the local clinic
where he was pronounced
dead.

Meanwhile in Nassau,
police are investigating two
shootings.

The first occurred around
11.15pm on Wednesday at
Peach Street.

A 22-year-old man was
driving his 1997 Honda
Saber through Peach Street
when some unknown per-
son or persons fired gun-
shots which resulted in the
victim receiving multiple
injuries to the body, police
reported.

The victim’s vehicle was
also damaged.

The victim was taken to
hospital by emergency med-
ical personnel, where he is
in serious but stable condi-
tion.

The second shooting took
place around 1.15am on
Thursday at Price Street,
Nassau Village.

Two men were standing
outside a home when they
heard gunshots being fired.

One the men, aged 29,
received gunshots injuries
to his back and leg.

The victim was taken to
hospital via private vehicle,
where he is detained in sta-
ble condition.

Police investigate apparent
drowning of boat captain

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Police are
investigating the apparent
drowning of a boat captain at
the old cement factory dock
near Freeport Harbour.

Around 6pm on Tuesday,
police received a call from the
Freeport Harbour Company
explaining that a boat captain
had fallen overboard and was
found unresponsive.

Asst Supt Hector Delva,
assistant police press officer,
reported that officers were dis-
patched to the old cement fac-
tory dock where they found
the body of a “light-skinned”
man lying on the deck at the
stern of a boat with a rope tied
around his waist.

The deceased man was clad
in jeans and a beige striped
polo shirt.

The body was taken to the
Rand Memorial Hospital
where the man was officially

pronounced dead.

ASP Delva said investiga-
tions into the incident will con-
tinue. The man’s identity is
being withheld pending noti-
fication of his next of kin.

FIREARM AND
DRUGS FOUND
A shotgun and a small
quantity of drugs were dis-
covered in an abandoned two-
storey building on Adventur-
er’s Way, police reported.
ASP Hector Delva said that

Drug Enforcement Unit offi-
cers, acting on a tip, went toa
building on Adventurers Way
sometime after noon on Tues-
day.

During a search of the
building, they discovered a
brown handled sawn-off shot-
gun along with a plastic zip-
lock bag containing a small
quantity of a substance sus-
pected to be marijuana.

No arrests were made and
the incident is still under
investigation.



Ministry of Works to host information meeting on

THE Ministry of Works
and Transport will host an
information meeting today
for business owners and resi-
dents of Abundant Life Road
concerning upcoming road
works.

The meeting will take
place from noon to 6pm at
the Abundant Life Church.

Engineers will discuss the
scope of the work, which is
planned to extend into the
Soldier Road area.

The ministry also said the
New Providence Road
Improvement and Infra-
structure project will be
upgrading the sewer main
between School Lane (near
CR Walker High School) and
Lewis Street (south of St
Agnes Church School Hall)
from Thursday, March 24 for
two weeks, from 9pm to Sam.

“Motorists are advised that
there will be traffic diversions
in place with partial and full
closures to carry out the
works. Motorists are asked
to observe traffic manage-
ment signs in place and trav-
el with caution while the
work is being carried out,”
the ministry said in a state-
ment.

















MTaaih eno een Cae

cero 018 MINI ATIC ATEU AES

DUA N{=Fam CEM TLD SY CA | 1

and Transport will host an infor-
mation meeting today for busi-
ness owners and residents of
Abundant Life Road concerning
upcoming road works.



Gated development homeowners complain
about management of maintenance funds

SECOND homeowners in a
gated development in Guana
Cay, Abaco have raised com-
plaints over what they feel is
the poor management of their
association’s maintenance funds.

They claim there has been no
electricity at Orchid Bay Yacht
Club and Marina for weeks, and
no fuel at it’s marina since last
August.

The homeowners feel these
conditions indicate the unsus-
tainable nature of the commu-
nity’s expansion plans.

Frustrated by what they claim
is the continued lack of ameni-
ties promised under their pur-
chase agreement, and for which
they continue to pay mainte-
nance fees, cottage owners
penned a letter asking for an
audit of the association’s
records.

The letter, sent by the cot-
tage owners Cay of Sea Ltd,
read: “In short, the representa-
tions made to us at time of pur-

chase — ‘a casually elegant resort
lifestyle replete with sumptuous
amenities, including a sparkling
waterfront pool, tennis court, a
fully resourced marina, an ele-
gant restaurant and so much
more’ — come up woefully short.

“Gardening efforts seemed
non-existent or reduced, the
pavilion and its beach area were
unkempt, the roadways were in
need of repair, the gate to the
‘gated community’ was not
policed, the restaurant was
closed, there was no water in
the pool, and the marina had
no fuel available.”

Guana Cay residents urged
the government to give careful
consideration to Orchid Bay's
$400 million development plans
in November.

In a strong letter of opposi-
tion addressed to Prime Minis-
ter Hubert Ingraham and
Deputy Prime Minister Brent
Symonette, the residents
expressed fears that the devel-

opment was too large for the
island to sustain.

The development was
approved last year, with offi-
clals maintaining that the plans
received satisfactory assess-
ments.

It was announced that the
development would create 200
jobs on the island if approval is
given to expand the marina to
encompass 324 boat slips, sell
more private lots and build a
Rosewood brand hotel.

However, with 200 boat slips
already established on the 9.25
square mile island at Baker's
Bay marina nearby, and an
existing marina at Orchid Bay,
some residents fear expansion
would threaten the environ-
ment.

Management at Orchid Bay
could not be reached for com-
ment. Several messages were
left over the last two weeks,
however there has been no
response to date.

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27-year-old
man charged
with murder

By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT -— A 27-year-
old Lucaya man was charged
with murder in the Freeport
Magistrates Court yesterday.

Leonard “Lenny” Barnett,
a resident of No 2 Spinney
Road, appeared in Court Two
before Magistrate Andrew
Forbes.

It is alleged that on March
7, the accused, while con-
cerned with others, intention-
ally caused the death of 42-
year-old Patrick Russell of
Lewis Yard.

Mr Russell was sitting in his
car on an unpaved road
between Weddell and Bruce
Avenues in the Garden Villas
area when someone in anoth-
er vehicle opened fire on him.

His death was classified as
the island’s second homicide
for the year. Barnett was not
required to enter a plea to the
murder charge.

He was remanded to Fox
Hill Prison and the matter
was adjourned to May 23,
when a preliminary inquiry
will be held to determine if
there is sufficient evidence for
him to stand trial for murder
in the Supreme Court.

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PAGE 6, FRIDAY, MARCH 25, 2011

THE TRIBUNE



LOCAL NEWS

dutge discharges jurors, orders retrial in murder case

By NATARIO McKENZIE
Tribune Staff Reporter
nmckenzie@tribunemedia.net

THE trial of an Ameri-
can girl and a Bahamian
man charged in the murder
of Anna Garrison came to
an abrupt end yesterday
with a judge discharging the
jurors and ordering a retri-
al.

The decision by Senior
Justice Jon Isaacs came fol-
lowing a closed court hear-
ing yesterday afternoon, the
second day of the trial.

Only two witnesses had
testified; the last being
Pennsylvania state trooper
Todd Hershey.

1D
O

Zyndall McKinney, 23, of
Isabella Boulevard, and the
teenage girl are accused of
the murder of Mrs Garri-
son.

It is alleged that between
Sunday, February 25 and
Saturday, July 4, 2009,
McKinney and the girl,
being concerned together,
caused the death of the vic-
tim.

Mrs Garrison's badly
decomposed body was dis-
covered in a bushy area off
Fox Hill Road South near
the Blue Water Cay devel-
opment on Saturday, July
4, 2009 at around 6.20pm.

Prosecutors claim that
she had been stabbed mul-

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tiple times.

Attorney Murrio Ducille
applied for bail yesterday
afternoon on behalf of his
client McKinney. He
argued that there was no
evidence whatsoever
against his client and there
was nothing to suggest that

he was a flight risk.

Mr Ducille also noted
that McKinney had been in
custody for almost two
years.

Attorney Elliot Lockhart,
who represents the Ameri-
can girl, also applied for bail
on behalf of his client.

He submitted that con-
sidering the evidence, she
should not even be in cus-
tody.

Crown attorney Ambrose
Armbrister objected to bail,
noting that the accused
could still be tried in a rea-
sonable time.

Senior Justice Isaacs
denied both bail applica-
tions noting the serious
nature of the charge.

He also noted that if the
accused cannot be afford-
ed a trial within a reason-
able time frame, they could
reapply for bail.

Nassau Music Society to
present piano, violin duo

FOLLOWING the success
of Quartetto Gelato’s perfor-
mance in February, the Nassau
Music Society is now presenting
a special piano and violin duo.

Canadian violinist Alexan-
der DaCosta and pianist Won-
ny Song will hold two concerts
for the Bahamian public.

The first will be held on
Tuesday at 8pm at Government
House; the second concert will
take place on Wednesday at
8pm at St Paul’s Church Hall,
Lyford Cay.

Both concerts are under the
patronage of Governor Gener-
al Sir Arthur Foulkes.

Alexandre DaCosta was
born in Montréal Canada in
1979 and showed an uncom-
mon interest for both the violin
and piano at a very early age.
By the age of nine, he had the
ability to perform his first con-
certs on both instruments,
which brought him recognition
as a musical prodigy.

In 1998, at the age of 18, he
received a Master’s degree in
violin and a first prize from the
Conservatoire de Musique du
Québec. Concurrently, he also
received a Bachelor’s degree in
Piano Interpretation from the
faculty of music of the Univer-
sity of Montreal.

In 2002, he won the Sylva
Gelber Foundation Award for
best Canadian artist under 30

_ =e,

VACANCY NOTICE

Commercial Support Technician
Information & Telecom Services Department

There is a single position open in the Nassau office and interested candidates may apply by
forwarding their resume stating their interest and relevant skilb and experience to the

Director of Hurnan Resources

felarch 31, 2071.

SUMMARY

al fichard.adderleyacablebahames.com, by Thursday,

The successful candidate will be responsible for all aspects of Commercial customer
installation and technical phone support. This includes providing via telephone, email or
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limited te identifying customer reaguirements, configuring network devices for customer
access, troubleshooting, documenting and liaising with the respective inter-departments
for network designs, fber termination and installations; and working with commercial
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Software configuration of fiber hardware and physical installathon of fiber and Voloe
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Termination and testing of Cat 5 cables (Straight thru and Crossover) and testing
customers service connection.
Jab function requires the candidate to work shift rotations, an call, and be flexible
and available to provide 24/7 support.
Strong written and oral communication skills for liaising with TS management,
Engineering, and Cammercial customers,
Working knewledge of TCP/IP and familiarity with Spanning Tree and reuting

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Working knowledge of networking and in depth knowledge of Layere/Layer3

protecals,

Working knowledge of 802.10 VLAN tagging.
Working knowledge of Voice Process and Hardware/Networking to allow
troubleshooting of client voice services,
Working knowledge of Help Desk support application, Heat.

Familiarity with Allied Telysin Bowes and Cisco 10S and CLI device configuration.
Understanding of Cable Modem Termination System (CMTS), DOCSIS and cable

Moderns

Working knowledge of Embedded Multimedia Terminal Adapter feh4TA) and

Packetcatali,

Working knowledge of Session Initiation Protocal (SIP W?) specifications, messages

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Working knowledge of specifications and implications of voice CODECS ie. G71,

G7 29a, G729u.

Working knowledge of Real Time Protocol (RTP) and its usage in VOIR

REPORTING
This position reports to the Director of Information
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ale
ARLE BAHAMAS
www, cablebah aera scoen





CANADIAN VIOLINIST Alexander DaCosta (above) and pianist

Wonny Song.

years old. Between 2003 and
2006, after winning the Musi-
cal Instrument Bank competi-
tion of the Canada Council for
the Arts, he played the 1689
Baumgartner Stradivarius.

Mr DaCosta now plays the
1727 "Di Barbaro" Stradivar-
ius and a Sartory bow, courtesy
of Canimex.

Wonny Song, a Canadian
national, was born in South
Korea and grew up in Montréal

He began piano studies at
the age of eight and received a
full scholarship to Philadelphi-
a’s Curtis Institute of Music in
1994. He earned a Bachelor’s
degree from Montreal Univer-
sity in 1998 and continued his
studies with Anton Kuerti at
the University of Toronto and
at the Glenn Gould Profes-
sional School with Marc
Durand.

Awarded the first Elinor Bell
Fellowship at the University of
Minnesota in 2000, he com-
pleted his doctoral studies there
with Lydia Artymiw in 2004.

The Washington Post classes
Wonny Song as “a versatile,
intelligent, and deeply musical
young pianist.”

He has started an interna-
tional career with encore
appearances in the Young Con-
cert Artists Series in New York
at Carnegie’s Zankel Hall, at
the Kennedy Centre’s Terrace
Theater in Washington, DC as
soloist with the Peoria Sym-
phony (IL), the Montreal Sym-
phony, the Toronto Sympho-
ny, the National Arts Center
Orchestra of Ottawa, and the
EuroAsian Philharmonic
Orchestra in Korea and Thai-
land to name a few.

The Music Society’s current

Press Release

Bahamasair’ Thrifty Car Rental
Quarterly Promotion Recipients.
Prize includes airfare on Bahamasair,
3 days Thrifty C-Car and 2 nights Hotel.

Ms Sabrina Francis and
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Albertha Lynes, Bahamasair and
Mr. Kenneth Sands





season ends next month with
two concerts by John O'Conor,
an Irish pianist and Beethoven
specialist, on April 9 and 10.

LAWYER: "BABY DOC
DUVALIER TAKEN TO
HOSPITAL IN HAITI

SAN JUAN, Puerto Rico
Associated Press

Former Haitian dictator
Jean-Claude "Baby Doc"
Duvalier has been hospital-
ized, his attorney said
Thursday, refusing to dis-
close the nature of the ail-
ment or any other details
about his condition.

Duvalier, who made a
surprise return to Haiti in
January, was taken to the
hospital Wednesday,
lawyer Reynold Georges
said in a brief phone inter-
view with The Associated
Press.

Georges said he was with
Duvalier but could not pro-
vide any information about
his ailment.

"I'm his lawyer, not his
doctor,” Georges said.

Earlier, Duvalier's long-
time companion,
Veronique Roy, denied he
had been hospitalized, say-
ing he was “under observa-
tion."

The 59-year-old former
dictator made an abrupt
return to Haiti in January
after 25 years in exile and
has appeared at times to
move with difficulty, spark-
ing speculation that he has
been ill.

He has been living in a
villa in the hills above Port-
au-Prince under police
guard as a judge investi-
gates whether he can be
charged with a long list of
crimes, including corrup-
tion and torture, commit-
ted while he was "president
for life" in the impover-
ished Caribbean nation.

There have been no
restrictions on his move-
ment and he has been spot-
ted attending a jazz concert
in Petionville and has been
receiving a stream of visi-
tors at the house.

Duvalier was ousted in a
popular uprising against
what was widely consid-
ered a brutal and corrupt
regime. He assumed power
in 1971 at age 19 following
the death of his notorious
father, Francois "Papa
Doc" Duvalier.
THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 7

LOCAL NEWS

US Ambassatior hosts
St John's University
alumni recent

IN RECOGNITION of
the educational relation-
ship St John’s University
has established with the
Bahamas and in honour of
its president, Rev Robert
Koopmann, United States
Ambassador to the
Bahamas Nicole Avant
hosted a reception for St
Johns University alumni
last Saturday.

St John's is considered
one of America's top
Catholic universities and
has its campus in Col-
legeville, Minnesota.

Guests included former
US Ambassador to the
Bahamas John Rood, Steve
Halverson, vice-chair of
the Board of Regents, St
John’s University; Rob
Culligan, vice-president for
Institutional Advancement,
St John’s University; Arch-
bishop Patrick Pinder,
Archbishop of the Catholic
Diocese of the Bahamas;
Monsignor Preston Moss,
vicar general of the
Bahamas’ Catholic Dio-
cese; Dr Betsy Vogel-Boze,
president of the College of
the Bahamas, and Basil
Christie, president of the
Saint John’s Bahamian
Alumni.

The event brought
together a group of more
than 40 Bahamian Saint
John’s Alumni who hold
various professions in the
private and public sectors.

In her remarks, Ambas-
sador Avant underscored
the significance of the rela-
tionship between St John’s
University and _ the
Bahamas. “Through your
ties to St John’s and this
prestigious network here
in the Bahamas, you
strengthen the bonds of
friendship that draw our
countries together,” said
Ambassador Avant. “The
United States and the
Bahamas have a strong
relationship that allows us
to face global challenges as
partners and you are the
face and the heart of that
relationship.”

The relationship between
St John’s University and
the Bahamas dates back to
1891, when Father

Chrysostom Schreiner,
OSB, arrived in Nassau
and started the Benedic-
tine mission in the
Bahamas which flourished
for 114 years until its clos-
ing in 2005. It was Father
Chrysostom who encour-
aged Bahamians Useph
Baker and Etienne
Dupuch, later Sir Etienne,
to make the journey north
to Collegeville to become
the first Bahamian gradu-
ates of St John’s.

In the late 1920s, Saint
John’s fifth abbot, Father
Alcuin Deutsch, built on
Father Chrysostom’s foun-
dation and assigned more
priests to reach towns and
settlements throughout the
islands of the Bahamas.

This led to the founding
of Saint Augustine’s Col-
lege for boys by Father
Frederick Frey, OSB, and
Saint Augustine’s
Monastery in Nassau
toward the middle of the
century.

The school achieved a
high reputation early on
and eventually grew to its
current stable enrollment
of 900 boys and girls.

To date, approximately
670 men of the Bahamas
have graduated Saint
John’s University attaining
various degrees in educa-
tion, law, medicine, and
becoming businessmen,
politicians, religious lead-
ers and the civil servants.

ROTARYCLUBNEWS

THE Rotary Club of Nassau is



holding its second annual

biathlon on Saturday with a
6am start at Arawak Cay.

Participants can enter to
compete in the five-mile

run or walk or the 25-mile —

biathlon race. There is
also a special wheelchair
division.

Registration is at 5.30am
on Saturday at Arawak Cay

or today from 6pm to 9pm at

the Cricket Club.

Children, adults and seniors are

welcome to register.







This biathlon is sponsored by RBC Finco, TRex Screen-
printing and Embroidery, Gatorade and Creative Edge.

First, second and third prizes in each bike/run category will
win gold, silver and bronze medals.

All entrants will receive a T-shirt.

“Walk/Push is a fun even and there will be no prizes
awarded for this category. Proceeds raised on this event
will go towards the Rotary Club of Nassau's annual chari-

ties,” organisers said.

For more information please e-mail info@rotarynas-

Sau.com.

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.





eee
a




ABOVE, FROM LEFT: Nelson

George, St John’s College

Alumni; Ava Thompson, wife

of Earl Thompson Jr, SJU

Alumni; Marici Thompson and

an Adderley, recruiters for
JU

RIGHT: Rev Robert Koop-
man, president of St John’s
University and US Ambas-
sador to the Bahamas Nicole
Avant.

LEFT: Basil Christie, MBE,
president of the St John’s
University Alumni gives
remarks at the reception.

2011 Directory
Publications Subscribers

The Bahamas Telecommunications Company Ltd (BIC)
advises the public that March 31, 2011 is the deadline for
Directory Publications subscribers fo make any claims of
error as stated in ltem 22 of the Terms and Conditions of
the advertising contract. There will be no compensation
for complaints of errors made after the deadline.

Customers should direct complaints as follows:

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Ph. 322-9183 through ?

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Complaints may also be e-mailed to
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PAGE 8, FRIDAY, MARCH 25, 2011

THE TRIBUNE



LOCAL NEWS



US Ambassator to the Bahamas challenges
young women to hecome leaders of tomorrow



CHALLENGE: US Ambassador to the Bahamas Nicole Avant gives
remarks at the STRAW Girls Leadership Conference.

US Ambassador to the
Bahamas Nicole Avant
encouraged more than 400
young women attending
STRAW’s seventh annual
Girls Leadership Conference
to become future leaders

STRAW - which stands
for “Strengthening Trans-
forming Restoring Affirming
Women” — organised the one-
day conference on March 18
for junior high, high school
and first year college female
students with the goal of
encouraging them to achieve
excellence in their academic
and personal lives.

As part of Ambassador
Avant’s ongoing commitment
to empowering girls, the US
Embassy partnered with
STRAW by sponsoring the
participation of 30 residents
from the Willie Mae Pratt
Centre.

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The young women who
took part in the conference
were given the opportunity to
network, learn new skills and
engage with adult role mod-
els.

The conference featured an
official opening ceremony
attended by Dame Marguerite
Pindling and a power lunch
where the Minister of State for
Social Development Loretta
Butler-Turner, Minister of
Youth, Sports and Culture
Charles Maynard and CEO
Network founder Deborah
Bartlett spoke to the girls.

Ambassador Avant encour-
aged the young women to
identify inspiring adults in
their school, community or
church and try to emulate
them. The US Ambassador
shared with the group that
one of her role models is First
Lady Michelle Obama who
transcended her humble

upbringing in Chicago
through hard work.

“You have the choice every
single day of your life to be
positive or negative. To
accept the things you can’t
change and still choose to be
grateful and happy,” said
Ambassador Avant. “You
have the choice to show up
and do your best or to stand
by and watch life pass you by
and complain.”

She also lauded Bahamian
women leaders including Dr.
Sandra Dean-Patterson, who
heads the Crisis Centre, Sen-
ators Allyson Maynard-Gib-
son, who the president of the
International Women’s

Forum, and Mrs Butler-Turn-
er for her commitment to
empowering young women
throughout The Bahamas.
“What I admire most about
my friend Minister Butler-
Turner is her strength to



116 students nominated to represent

shoot for the moon,” Ambas-
sador Avant told the STRAW
conference participants.

“She’s positive and con-
stantly says, ‘well, I don’t see
why not!’ People like Minister
Butler-Turner become lead-
ers because they make the
choice to see the glass half full
as opposed to half empty.”

The STRAW Centre locat-
ed in Palmdale opened ten
years ago to provide a safe
haven where young women of
all socio-economic back-
grounds receive support, train-
ing and guidance from posi-
tive role models who are com-
mitted to ensuring they reach
their full potential. STRAW
is a non-profit youth develop-
ment organisation focused on
mentoring young women
when they are most vulnera-
ble to challenges such as peer
pressure, low self-esteem and
bullying.

PAST STUDENT
OF THE YEAR
WINNERS: Sasha
Bain — 2000 win-
ner; Khes Adderley
— 2009 winner;
Jared Fitzgerald —
2010 winner;
Vashti Darling —
1997 winner;
Tenielle Curtis —
2003 winner.

Back row: Zachary
Lyons — 2002 win-
ner and George
Zonicle — 2006
winner.

schools in Primary School Student
of the Year Awards Programme

A THREE-month nation-
wide search for the best and
brightest primary school stu-
dents in the Bahamas has
resulted in the nomination of
116 students who will represent
their respective schools in the
15th annual Bahamas Primary

School Student of the Year
Awards Programme.

These students will be rep-
resenting Abaco, Acklins,
Andros, Berry Island, Bimini,
Cat Island, Crooked Island,
Eleuthera, Exuma, Grand
Bahama, Inagua, Long Island,

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New Providence and San Sal-
vador.

The search was organised by
the Board of the Directors of
the Bahamas Primary School
Student of the Year Founda-
tion and the Executive Board
of the Bahamas Pan-Hellenic
Council.

In November 2010, the Foun-
dation presented each primary
school in New Providence,
Grand Bahama and the Family
Islands with an application
package to nominate one stu-
dent deserving of national
recognition.

Of those approached, 115
primary schools accepted the
opportunity to have their stu-
dents recognised among the
“Who’s Who in Primary
Schools in The Bahamas”.

Ricardo Deveaux, president
and chief executive officer of
the Bahamas Primary School
Student of the Year Founda-
tion, said: “Each year, a select
group of students are nominat-
ed to accept one of the most
prestigious national recognition
for primary school students in
this country. This awards pro-
gramme, which is the premier
programme for primary stu-
dents, is an excellent opportu-
nity to recognise those students
who have demonstrated excel-
lent academic achievement,
leadership ability, campus and
community involvement and
good citizenship.”

The 2011 nominees will vie
for the title of National Prima-
ry School Student of the Year,
with one overall winner to be
announced on Saturday at an
awards ceremony held at the
Golden Gates World Outreach
Ministries on Carmichael Road.

The 2011 Student of the Year
winner, finalists and nominees
are expected to share about
$100,000 in scholarships and
prizes.

An independent panel of
judges was assembled to iden-
tify the overall winner and
scholarship finalists.

The members panel of judges
are: Jacqueline Bethel — chair;
Autherine Turnquest-Hanna —
deputy chair; Philip Stubbs —
chief tally judge; Beryl Arm-
brister; Deborah Bartlett;
Rubyann Darling; Zelma Dean,
Lionel Elliott; Attorney Tyrone
Fitzgerald; Sister Mary Bene-
dict Pratt and Philip Simon.
“The judges had an extremely
difficult role because each nom-
inee comes qualified to be
selected as the Student of the
Year,” Mr Deveaux said.

To date, 1,189 students have
been recognised in the awards
programme and over a half mil-
lion dollars presented in schol-
arships and prizes.
PAGE 10, FRIDAY, MARCH 25, 2011

THE TRIBUNE



LOCAL NEWS



Only 14 per cent of COB
eraduates are male students

FROM page one

parts continues to grow, she
added. Her administration is
to create a taskforce to tackle
the problem and assess which
social or environmental prob-
lems are behind the dismal
rates.

"Tt's the males that I'm con-
cerned about because only 14
per cent of our graduates are
men and that's a shocking
number. When I look at the
numbers, the number of men
has been fairly stable from the
time we were created, there
have been a few hundred
more men but our growth has
all been through the enrol-
ment of women," she told a
meeting of the Zonta Club at
Luciano's restaurant yester-
day.

"To only have 14 per cent
of our graduates (as males) I
think is a frightening number
— what is happening to the
Bahamian males?"

When asked by The Tri-
bune what strategies she had
planned to counteract this, Dr
Boze said the problem needs
a multi-faceted approach.

"I'm going to be putting
together a task force and
would welcome anybody's
guidance on what is happen-
ing with the Bahamian males.
Why are they dropping out

HISTORIC
MOMENT"

FROM page one

sale yesterday.

"We are very pleased
that the FNM came here
in 2007 with 22 votes on
the floor and one on the
chair, we cast 22 votes on
the floor," said Mr Ingra-
ham, after the first reso-
lution was passed.

After the Speaker read
each resolution relating to
the sale, members of the
Opposition rose in dissent
forcing a division and roll
call of the votes. Each
government member vot-
ed in favour of the sale
while the official Opposi-
tion party and Mr
McCartney voted no.

As members voted on
the first resolution, Prime
Minister Hubert Ingraham
mistakenly voted against
the sale to CWC prompt-
ing members opposite to
cheer while Fox Hill MP
jumped to his feet and
danced in joy. He quickly
corrected his vote to yes.

On Monday, the House
of Assembly moved for
the adoption of three new
Buls: A Bill for an Act to
Facilitate the Privatisation
of the Bahamas Telecom-
munications Company
and for Connected Pur-
poses; A Bill for an Act
to Amend the Communi-
cations Act, 2009 and A
Bill for an Act to Amend
the Utilities Regulation
and Competition Author-
ity Act, 2009.

That same day, mem-
bers of the House of
Assembly also voted on
two resolutions - one to
confirm the transfer of
nine parcels of land from
the Treasurer to BTC,
upon or from which BTC
conducts business. The
second sought the
approval of the House for
the privatisation of BTC
and the sale of 51 per cent
of its shares to Cable and
Wireless.

The vote was "the final
process" before privatisa-
tion takes place, Prime
Minister Hubert Ingraham
said earlier this week.

Monday's vote was
passed by a vote of 23 to
14 all Opposition mem-
bers present at the time
voted no - three Opposi-
tion members were absent
at the time as was new
independent and former
FNM Mr McCartney.

e SEE PAGE THREE



because it’s not a problem
that happens once they get to
us, they are not graduating at
the same rates, they are not
applying to college at the
same rates and again that gap
continues to widen.

"Does this have to do with
gangs, or crime or drugs — I
don't know what the problem
is.
“T've also identified a
prospective US partner in a
city that is facing very similar
challenges that we might be
working with. Coming in as
an outsider I don't dare say I
understand what that prob-
lem is but I think we need to
look at it from many differ-
ent points of views and that
education is just one of the
symptoms of that.”

COB has about 5,000 stu-
dents enrolled at its main
campus in Oakes Field and
on the family islands but Dr
Boze said enrolment is lower
than other schools in the
region.

"The Bahamas is actually
losing ground compared to
many of our Caribbean neigh-
bours.

“We have fewer students
engaged as a percentage than
we did 20 years ago."

In her first public address
since assuming her post about
10 weeks ago, Dr Boze also
revealed that 80 per cent of

COB students are enrolled in
four-year baccalaureate pro-
grammes while the remaining

20 per cent are pursuing two-
year associate degrees or mas-
ter's programmes — an inver-



10 years ago.

sion of where the college was

She added that COB is well

Tim Clarke/Tribune staff

PRESIDENT OF THE COLLEGE of the Bahamas Dr Betsy Vogel Boze was a special guest speaker at Zonta Club of Nassau.

on its way to achieving uni-
versity status once a few addi-
tional benchmarks are met.

Flights diverted to Bahamas after fire at Miami Airport

FROM page one

were stranded at Miami International
Airport (MIA) as hundreds of flights
were cancelled.

Despite concerns that the blaze would
delay the arrival of tourists to the
Bahamas and cause reservation back-up
at hotels, this does not seem to have
been the case so far, according to offi-
cials at the Atlantis resort.

It was reported that a large fuel tank
caught fire on the southeast corner of
the airport where the farm is located,
cutting off at least 40 per cent of the
airport's fuel supply.

Miami International was forced to

cancel more than 169 flights, with that
number expected to rise.

An American Airlines representative
said no flights into Nassau were can-
celled yesterday, and that all six round-
trip flights today are scheduled to take
place.

He noted that some of the flights may
have been late because of the makeshift
refuelling methods being employed at
MIA, but that the Bahamas was “very
lucky, in that the flights to Nassau are all
the smaller American Eagle aircraft.
It’s the bigger planes that are taking
forever to refuel”.

However, many passengers travelling
to the Bahamas from other locations,
who were scheduled to use MIA as a

transit point, found themselves strand-
ed yesterday.

A Nassau Airport Development
(NAD) representative said while no
flight arrivals or departures to or from
Miami have been impacted, some flights
have been diverted to Sir Lyden Pin-
dling International to re-fuel.

According to NAD, two American
Airline planes have headed to Santa
Domingo and a IAN Chile flight en-
route to Ecuador were diverted to Nas-
sau yesterday morning.

Fuel retailers in New Providence
could not be reached for comment last
night.

According to US authorities, prelim-
inary investigations indicate the blaze

may have been caused by a malfunc-
tion near a fuel pipeline.

Meanwhile, a large-scale sickout by
civil servants in the Turks and Caicos is
affecting a number of airlines, including
Bahamasair, which operates three flights
a week between Nassau and Turks cap-
ital Providenciales.

Yesterday morning, the Turks Air-
ports Authority suspended operations at
all the country’s airports because of the
shortage of employees.

In addition to Bahamasair, the fol-
lowing airlines have been affected:
American Airlines, Air Canada, Conti-
nental, Delta, Jet Blue and US Airways
as well as a number of private carriers.

PM, GOVERNOR GENERAL TO ATTEND WEDDING

FROM page one

ment in the House of Assem-
bly yesterday.

The wedding will take
place on April 29 in West-
minster Abbey, London, and
will be a bank holiday in the
UK.

On February 16 and 17
three sets of guest lists were
sent out in the name of The
Queen. Royal protocol has
dictated that many guests (or
their successors in office) who
were invited to the wedding
of Charles, Prince of Wales,
and Lady Diana Spencer in
1981 need not be invited to
William's wedding.

More than half of the
guests will be family and
friends of the couple, though
there will be a significant
number of Commonwealth
leaders (including the gover-
nor-generals who represent
the Queen in Commonwealth
realms, prime ministers of the
Commonwealth realms and
heads of government of other

Commonwealth countries),
members of governments and
of religious organisations, the
diplomatic corps, several mil-
itary officials, members of the
British Royal Household,
members of foreign royal
families, and representatives
of William's charities and oth-
ers with whom William has
worked on official business.

Although St James's Palace
declined to publish the names
of those invited, a breakdown
of guests was published by
category — the list made no
mention of foreign heads of
state, though it was
announced that about 40
members of foreign royal
families had been invited.

The first list, about 1,900
people, is to attend the cere-
mony in the abbey.

The second list, about 600
people, is to the lunchtime
reception at Buckingham
Palace, hosted by the Queen
while the final list, about 300
people, is to an evening din-
ner, hosted by the Prince of
Wales.

FROM page one

after 3.30pm. The victim was taken to hospi-
tal but died of his injuries a short time later.
Police are questioning a 39-year-old man in
connection with the incident.

e A man believed to be 34-years-old died
yesterday after an attempted armed robbery.
According to police, a man entered Klassy

FROM page one

Mitchell even performing a
little jig — when Mr Ingra-
ham voted “No” on the first
of three resolutions paving
the way for the sale.

Their celebration was
short-lived however — Mr
Ingraham quickly correct-
ed his error, and once the
clamour died down, the
Clerk of the House of
Assembly confirmed that
the prime minister’s vote
has been recorded as “Yes”.

Speaking just before the
vote, Mr Ingraham told Par-
liament that it was unfortu-
nate that the leaders of the
BCPOU and the BCPMU

MAN DIES AFTER STABBING

Collections Boutique on Baillou Hill Road

South, just before 4pm and fired gunshots at
a male employee. The employee then pro-
duced a licensed shotgun and fired back, caus-

ing the man to flee. A second suspect stand-

ing at the door of the establishment report-
edly fired gunshots at the employee before
being killed by return fire.

PM’S ‘NO’ VOTE BRINGS
CHEERS FROM OPPOSITION

took the stance they did
against the sale of BTC.

Suggesting that these
union heads were in fact
being used as “pawns” by
the Progressive Liberal Par-
ty, Mr Ingraham said the
PLP should in fact pay a
portion of the unions now
“hundreds of thousands” of
dollars in legal bills owed
to the government follow-
ing their failed lawsuit to
block the deal.

Mr Ingraham said that if

union leaders Bernard
Evans and William Carrol
had listened to him earlier,
their respective unions
would not find themselves
with hefty legal obligations.

Mr Ingraham added that
the majority of Bahamians
still believe he has their best
interest at heart, and that is
why the opposition was
unable to cause the public
to “rise up” against the sale
— “even when you paid
them.”

FROM page one

He claimed there are unanswered
questions about the ownership and
financing of Bluewater and in his “per-
sonal opinion” he believes it was a
“fronting operation where foreigners
were fronting for Bahamians.”

He claimed government accountants
and members of the former PLP cabi-
net themselves have been unable to
answer the lingering questions.

Perry Christie, leader of the opposi-
tion, said all of the talk about a “deal”,
or preliminary sale agreement with
Bluewater, is “irrelevant” because the
government did not sign any contracts
with Bluewater.

“Tt was my handwriting that sus-
pended that deal. There was no deal. I
had to give instructions to the Cabi-
net secretary to execute the deal. What
I said was I do not recommend we pro-
ceed with this matter. It was too close
to the election,” said Mr Christie.

Mr Christie said he believed the
responsible action was to leave the
decision to the new administration
rather than rush it through. At that
late state, one day before the election,
he said “the government’s mandate

MINISTER CLAIMS BLUEWATER WAS A ‘FRONTING’ OPERATION

had come to an end.”

This decision, he said, was not a cri-
tique of the “quality” of the deal itself.
He said he was familiar with its con-
tents and supported it, although he was
not present at the final meeting when
Cabinet approved the resolution.

“T was 1,000 per cent behind the
deal. I would have supported the deal.
The quality of the deal was not in ques-
tion. I supported and would still stand
by it, but it became irrelevant because
I stopped it (on the basis of the
impending election),” said Mr Christie.

He said the government is trying to
“deflect public attention” with its talk
of Bluewater, because it “cannot
defend” its deal to sell 51 per cent of
the shares in BTC to Cable and Wire-
less Communications (CWC).

Mr Christie said claims by govern-
ment members that Bluewater was a
“shell company” were not legitimate,
because the Free National Movement
(FNM) government paid $1.9 million to
Bluewater in settlement.

“Tf Bluewater does not exist, and it is
only a shell company, to whom did the
FNM pay $1.9 million to, to get out of
the deal?” Mr Christie asked.

Instead of going through an inter-
national arbitration, “a fight which
could have lasted years”, the govern-
ment decided it was in its best interest
to settle. Mr Christie said the basis of
the arbitration was Bluewater claim-
ing to have had an agreement.

If Bluewater were to have purchased
BTC, Mr Christie maintained it would
have operated in the Bahamas as a
“stand alone company”; downsizing
would not have been “in the picture”;
and Bluewater was going to maximise
opportunities in the submarine cable to
Haiti and turn BTC into a regional
player.

Prime Minister Hubert Ingraham
maintains Bluewater would have been
“a disaster for BTC”. In his closing
remarks to Parliament, yesterday, Mr
Ingraham said: “How the unknown,
hastily established company, with
unknown principles could add value
to BTC and the Bahamas is an impor-
tant consideration.”

He said the reason the government
paid Bluewater was because the previ-
ous government had an agreement that
it would not “do business and talk to
anyone else for a certain period of

time.” Mr Ingraham claimed, if the
government breached that agreement it
had agreed to pay $2.5 million. Mr
Christie disputed the claim. Mr Ingra-
ham said the government was able to
negotiate the payment down to $1.9
million.

Bluewater was a company formed
in 2003, according to Desmond Ban-
nister, Member of Parliament for
Carmichael.

He said it was a “private equity
firm,” designed to buy and sell for a
profit, similar to companies who
engage in “house flipping.”

The deal that was on the table was to
sell 49 per cent of the shares in BTC for
$260 million to Bluewater. Mr Bannis-
ter said Bluewater was not interested in
“the majority of the shares”, because
that was not consistent with its business
model as a private equity firm.

Furthermore, Mr Bannister said, had
the former government sold more than
two per cent of its shares in BTC, it
would have effectively made Bluewater
the majority share holder.

Bluewater was engaged by the gov-
ernment during a “selective bidding
process” that was initiated after the
government rejected all of the bids in
the open offer.
THE TRIBUNE

FRIDAY, MARCH 25, 2011, PAGE 11



INTERNATIONAL NEWS

Gaza militants fire rockets deep into Israel

JERUSALEM
Associated Press

PALESTINIAN militants
in Gaza fired a new wave of
rockets that landed deep
inside Israel Thursday, defy-
ing Israeli retaliatory attacks
and threats.

As the violence threat-
ened to escalate the day
after a deadly Jerusalem
bombing, Israel got a boost
from the visiting U.S.
defense chief, who said no
country could tolerate the
“repugnant” attacks on its
soil.

Police said Gaza militants
fired 10 rockets and mortars
toward Israel Thursday,
including two rockets that
exploded north of the city of
Ashdod, a main Mediter-
ranean port city about 20
miles (30 kilometers) north
of Gaza — a first since Israel
and Gaza's Hamas rulers
reached an unofficial truce
following a three-week war
that ended in January 2009.
Israeli airstrikes hit a num-
ber of Gaza targets in retal-
iation throughout the day.

Neither side reported
injuries or said they wanted

a new fight. But the new
hostilities could easily spin
out of control, especially if
civilian deaths mount.

Wednesday's bombing
killed a British tourist, and
five members of a Jewish
family were slain while they
slept in a West Bank settle-
ment earlier this month.
Israel has blamed Palestini-
ans for both attacks.

Also this week, Israeli
shelling killed three children
and their uncle in Gaza. The
army said it was targeting
militants.

The fighting in Gaza has
been the fiercest since Israel
went to war there to try to
curb years of rocket attacks.
The fierce three-week offen-
sive killed some 1,400 Pales-
tinians, including hundreds
of civilians. Thirteen Israelis
also died. The volatile bor-
der has remained largely
calm since.

Israel says Hamas has
used the lull to rearm with
longer distance rockets that
can reach as far as Tel Aviv,
about 30 miles (50 kilome-
ters) from Gaza.

Defense Minister Ehud
Barak blamed Hamas for

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the rocket fire and vowed to
strike back.

"Israel will not tolerate
these terror attacks and we
will not allow terror to rise
once again in the region," he
said.

His tough stance was
backed by visiting U.S.
Defense Secretary Robert
Gates, who said that no sov-
ereign state could tolerate
rockets fired at its people.

"Israel, like all nations,
has the right to self-defense
and to bring to justice the
perpetrators of these repug-
nant attacks," he said.

Citing gag orders, Israeli
security officials have said
little about the investigations
into Wednesday's bus stop
bombing or the knife killings
two weeks ago.

Officials identified the vic-
tim of the Jerusalem bomb-
ing as Mary Jean Gardner, a
59-year-old British tourist
who had been taking courses
at Jerusalem's Hebrew Uni-
versity. In Washington, the
State Department said five
of the wounded were Amer-
icans, one of whom remains
hospitalized.

On Thursday President



ISRAELI police officers inspect the site of an explosion, in Jerusalem, Wednesday, March 23, 2011. A bomb
exploded near a crowded bus, wounding passengers in what appeared to be the first militant attack in the

city in several years. (AP)

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Barack Obama called Israeli
Prime Minister Benjamin
Netanyahu to offer condo-
lences. The White House
said Obama reaffirmed the
U.S. commitment to Israel's
security.

Police spokesman Micky
Rosenfeld said Jerusalem
and southern Israel remained
on a heightened state of alert.

Israeli counterterrorism
expert Boaz Ganor said the
bombing and knifing attacks
appeared to be individual ini-
tiatives, as opposed to the
organized attacks by militant
groups that Israel usually
faces.

The former usually kill
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difficult to stop, he added.

"Israeli intelligence is
quite good in thwarting sui-
cide attacks," he said. "It
may be less able to deal with
local and personal attacks."

Israeli police officials,
speaking on condition of
anonymity because of the
sensitive nature of the inves-
tigations, said that even if
the attacks were individual
acts, Israel believes Hamas
guided and motivated the
attackers.

Yitzhak Reiter, a Mideast
expert at the Hebrew Uni-
versity, said Islamist groups
are currently seeking an
alternative to suicide bomb-
ings, which largely backfired

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in the last decade by turn-
ing world opinion against
them.

Peace talks between Israel
and Hamas' rival, Palestin-
ian President Mahmoud
Abbas, collapsed after the
2008 war, reviving only
briefly for three weeks in
September 2010.

Abbas, who rules on in the
West Bank, has rejected vio-
lence and condemned
Wednesday's bombing.

Hamas, which violently
wrested control of Gaza
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PAGE 12, FRIDAY, MARCH 25, 2011

THE TRIBUNE





INTERNATIONAL NEWS



WITH THE Washington Monument i in the background, cherry blossom trees pain bloom despite cold tem-
peratures in Washington, Thursday, March 24, 2011. (AP)

Cherry blossom
events begin with
solemn DC tribute

WASHINGTON
Associated Press

THE FLOWERING trees
that symbolize friendship
between the United States
and Japan are blooming for
the 99th time in Washington
in the wake of one of the
world's worst natural disas-
ters.

Before the two-week
National Cherry Blossom Fes-
tival opens Saturday, orga-
nizers will hold a fundraising
walk and vigil Thursday
evening among the trees for
victims of Japan's March 11
earthquake and tsunami. An
estimated 18,000 people have
been killed in the disaster.

"It's important that we're
taking time to reflect," said
festival director Diana May-
hew. The celebration is a sym-
bol of spring each year and
now of the rebirth and
rebuilding for Japan, she said.

"Our relationship with
Japan is at the heart,” she
said.

Japanese Ambassador Ichi-
ro Fujisaki told The Associ-
ated Press he is grateful for
such support from U.S. resi-
dents, though he declined to
ask for further donations. It's
too soon to know how Japan
will pay to rebuild the country
as the government is still
focused on search and rescue,

basic human needs and its
nuclear reactors, he said.

"Iam very grateful that
American people are volun-
tarily extending their hands,"
Fujisaki said. "This is really
an impressive show of good-
will."

Contributions for relief
efforts have lagged behind
fundraising totals in the days
after Haiti's earthquake and
after Hurricane Katrina to
this point, according to a tally
by the Chronicle of Philan-
thropy.

The cherry blossom tradi-
tion began with a gift of trees
from Japan in 1912. Then-first
lady Helen Taft and the wife
of Japan's ambassador plant-
ed the first two trees. About
100 of the original 3,000 trees
are still growing, while thou-
sands of others have been
replaced or grown from the
original trees’ genetic line.

During World War II, the
festival was suspended. Some
trees were vandalized in those
years, according to National
Park Service records. After
the war, the festival grew as
Japan rebuilt and a Washing-
ton group was formed to stage
the festival each year.

The festival draws about 1
million visitors and has
become big business for
Washington's tourism indus-
try. Nearly half the visitors

travel from out of town,
according to the city's tourism
bureau. A study of last year's
festival shows it generated
about $126 million in hotel
stays and other revenue.

For the first time this year,
the festival partnered with the
Arbor Day Foundation to
help people plant their own
cherry blossom trees in their
yards, touting their value to
birds, bees and other wildlife.

The Stand with Japan vigil
begins at 6:30 p.m. Thursday
on the Washington Monu-
ment grounds. Money raised
will go to American Red
Cross relief efforts. Festival
sponsors Safeway and Macy's
each announced $100,000
donations to the fund
Wednesday.

Many of Washington's 3,000
Yoshino cherry trees that cir-
cle the Tidal Basin near the
Jefferson Memorial were
beginning to bloom Thursday
morning. The National Park
Service has predicted they'll
be in peak bloom next Tues-
day through Friday.

"Nothing is in full bloom
yet," said Park Service
spokesman Bill Line, who not-
ed that cold overnight tem-
peratures in recent days would
preserve the flowers longer —
unless any storms bring strong
winds that can blow them

away.




‘Astounded'
at negative —

perceptions ; chain’ 40%

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

It is “extremely important”
that the Bahamas ensures the
global community and poten-
tial investors are aware of the
advances it has achieved in
meeting international tax
information exchange stan-
dards, with this key to “sus-
taining and growing” the
financial services sector, the

Ministry of Finance’s top legal :

advisor said yesterday.

Rowena Bethel, also the
lead negotiator for the
Bahamas in tax information
exchange matters, and execu-
tive commissioner of the
Compliance Commission, said
she was “absolutely astound-
ed” when attending a confer-
ence in Miami this week at
the extent to which the per-
ception remains that the
Bahamas 1s a financial ser-
vices centre shrouded in
banking secrecy.

“Twas amazed at just how
little was understood about
the efforts we have put into
improving our transparency in
the Bahamas. I was absolutely }
astounded when people were
still talking about banking
secrecy offshore,” Ms Bethel
said.

SEE page 6B

Lahour dispute
system: ‘Lot
to he desired

By NEIL HARTNELL
Tribune Business Editor

The Bahamas’ conciliation
system for resolving labour
disputes “leaves a lot to be
desired”, the Bahamas Cham-
ber of Commerce’s chief exec-
utive said yesterday, with this
week’s tripartite workshop on
mediation issues aiming to
reduce costs and time lost
over such situations.

Winston Rolle told Tribune
Business that the workshop,
which has involved some 30
representatives from the
Bahamian private sector,
trade unions and the Govern-
ment gathering at Mario’s
Bowling & Entertainment
Centre under the Internation-
al Labour Organisation’s
(ILO) watch, was designed to
ensure the three parties were
“on the same page” when it
came to resolving labour dis-
putes.

Acknowledging that the
three sides had “never really
executed” the Decent Coun-
try Work Programme for the
Bahamas, which they had all
signed off on in 2008, Mr
Rolle said that after consulta-
tion with the Trinidad-based
ILO representative, the deci-
sion was taken to make this
week’s workshop a three-way
one.

“At this point, we’re
focused specifically on media-
tion and conciliation,’ Mr
Rolle told Tribune Business,
“because if you have every-
one on the same page, it will
prevent a number of labour-
related matters going to the
Labour Board, going to the
courts, going to the Industrial
Tribunal - wherever.

“It’s very, very important,

SEE page 7B

THE TRIBUNE

u
ye



ine

FRIDAY,



MARCH 25,

s

2011

SECTION B e business@tribunemedia.net



CAPT. RAN bY BUTLER

By NEIL HARTNELL
Tribune Business Editor

Sky Bahamas is experienc-
ing “off the chain” growth in
passenger load factor, which
was up 40 per cent over 2010
comparatives during January
and February, as the Bahami-
an-owned carrier looks to add
more airplanes and routes
from this nation to the US.

Speaking with Tribune
Business yesterday, Captain
Randy Butler, Sky Bahamas’
chief executive, said Decem-
ber 2010’s passenger load fac-
tor across all routes was “up
50 per cent-plus”, and he

“AIRLINE? S TAX BILL $1.597M

A leading Bahamian-

i owned airline paid $1.597 mil-
: lion in taxes and fees last year,
? a sum close to 75 per cent of
? its annual wage bill, with its
: chief executive yesterday sug-
i gesting the entire domestic
? aviation sector was receiving

“no real and tangible” help

i with this burden from the
? Government.

Captain Randy Butler,

i head of Sky Bahamas, told
? the Rotary Club of West Nas-
? sau that the taxes and fees
i sum paid was inclusive of
i those paid to the Nassau Air-
? port Development Company
i (NAD), as well as Civil Avia-
? tion and the Government.
i Fees paid to NAD totalled
: between $60,000-$101,000 per
? month.

He later told Tribune Busi-

i ness the airline’s annual wage
: bill was around $2 million,
i meaning that the taxes/fees
? burden was equivalent to
: between 66-75 per cent of
i total salaries.

Contrasting the UK gov-

i ernment’s movement on the
: Air Passenger Duty (APD)
i charge with the Bahamian
i government’s stance on tax-
: ation of this nation’s domestic
? aviation sector, Captain But-
i ler said: “Sky Bahamas, in
i direct and indirect taxation,
} we paid $1.597 million, inclu-
: sive of NAD, and that’s for a
? small airline.

“We have no problem pay-

i ing that....... We pay our way,
? and as a corporate citizen we
? take our responsibilities seri-
i ously and live up to them. Sky
? Bahamas pays its way. We are
? current with NAD, current
? with Civil Aviation, current
? with all vendors. In fact, we
i have a $60,000 Business
i Licence fee to pay now.”

Noting that his company’s

because when persons have : Business Licence fee would
labour-related matters, if we : TCT CASS, ae Se ae
can stop them at the first stage } Lciciae i caine mee
rather than have lawyers : ‘rmnover (top line revenues),
involved and going to court, this } Captain Butler said the Gov-
will have a significant impact - } ¢Tmment’s plans to expand

not only resulting in avoiding } tourism beyond the “2 per
a battle, but avoiding tying up ;
the court’s time and the costto } Island to the rest of the

the business and individual as }

cent” of Nassau/Paradise

Bahamas was “a good plan”.
This strategy, though,

; would rely on the domestic,
: Bahamian-owned aviation

_ * Figure equivalent of 66-75% of Sky Bahamas’
_ annual wage bills
_ * Says domestic aviation sector receiving ‘no real

_ and tangible’ help on tax burden from government

By NEIL HARTNELL
: Tribune Business Editor

sector to distribute tourists
throughout the Family
Islands, and the Sky Bahamas
chief said: “The only problem
is there’s no support from
government in a real and tan-
gible way for domestic carri-
ers, when you look at the tax-
es and fees levied against us.”

SEE page 5B

Airline Sees ‘off the Bahamas waits
srowth

. Sky Bahamas says December passenger load factor up
-50%-plus, as it looks to add more routes and aircraft

Hi Company’s fuel costs up 39% in six months

2 Mi Warns ‘great exposure’ for Bahamas over no airport

_ certification system

_ Hl Suggests leasing Exuma airport to Sandals

added: “Most of the domestic
routes are doing exceptional-
ly. We’re definitely in a
growth cycle.”

Captain Butler added that
Sky Bahamas was now seek-
ing to “solidify our market
position”, explaining that the
carrier was now seeking to
acquire a “floating aircraft”
that would give it more planes
than routes serviced. This
would allow the extra aircraft
to be deployed on route sup-
port where it was needed.

Many other carriers, he

SEE page 4B

The information contained is from a third |
party and The Tribune can not be held
responsible for errors and/or omission |
from the daily report.



FAMILY GUARDIAN

INSURANCE COMPANY LIMITED



on OECD’s tax
peer review

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

The Bahamas awaits the imminent judgment of 96 coun-
tries on the Government’s efforts to conform with interna-
tional tax information exchange and transparency standards, fol-
lowing on from its 2009 “grey listing” by the Organisation for
Economic Cooperation and Development (OECD).

Rowena Bethel, legal adviser to the Ministry of Finance and
head negotiator for the Bahamas in tax information cooperation
matters, said the outcome of Phase I of the peer review by the
OECD’s 30-member Peer Review Group, and the 96-nation
Global Forum on Transparency and Exchange of Tax Infor-
mation, could potentially have “significant” implications for The
Bahamas given that it is unclear at this stage whether any puni-
tive sanctions will be imposed by the G-20 against those coun-
tries deemed to not be up to scratch.

Ms Bethel did not wish to speculate yesterday about the
outcome of the review, except to say that she feels The Bahamas
has “done a lot” to bring its legal and regulatory framework on
international tax cooperation up to global standards.

“We have just wrapped up Phase I of our peer review, which
was conducted by France and Jersey. The report has now been
forwarded to the Global Forum to be disseminated amongst its
96 members, so they will have a change to put forward their
views on the assessment of the Bahamas, to say if they agree or
disagree,” said Ms Bethel, who was addressing the Institute of
Internal Auditors on TIEAs at the Breezes Superclub on Cable

SEE page 5B

BAHAMASAIR MUST ‘TOP THE
LIST’ FOR PRIVATISATION

By NEIL HARTNELL

* Rival airline chief says
Tribune Business Editor

‘game is fixed’, with flag

Bahamasair should be “top _ carrier able to engage in

of the list” for privatisation, a ‘cing Vi
rival airline’s chief executive predatory pricing ue
said yesterday, charging that multi-million taxpayer
the “game is fixed” against subsidy report

the private sector due to the

< ‘
national flag carrier’s ability Problem arises from

to offer “predatory prices”

underwritten by multi-million

dollar taxpayer subsidies.
Captain Randy Butler, Sky

government being both sector
regulator and operator
* Suggests Bahamasair buyer

Bahamas’ chief executive,
said Bahamasair - which has

SEE page 5B

restructures fleet to serve
global market and get
tourists here

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THE TRIBUNE







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must get down to business

BY SIMON COOPER
RES SOCIUS

am a great believer
in the power of the
Bahamian people to
fight their way out of
the recession and go forward
together strongly. After all,
are we not from immigrant
stock, and have we not built a
vibrant nation largely on our
own? The problem is that
sometimes we almost seem to
prefer to talk our nation
down, and overlook the good
news that is happening all
around us in the process.

Take the article about Sky
Bahamas published in the Tri-
bune on Monday. While some
Bahamian businesspeople are
still throwing hands up in the
air at the Baha Mar threat
they see to our local hospital-
ity industry, others are finding
more creative ways to
respond to foreign challenges.
As Sky Bahamas chief execu-
tive Randy Butler said, times
of depression are the best
time to be innovative and cre-
ative.

The Ministry of Tourism’s
sports director, Tyrone
Sawyer, inspired me, too, with
his words.

He believes that every busi-
ness has a responsibility to
help build our country, and
he is absolutely right.

That really is the nub, the
very core of the matter, is it
not? We are a series of tiny
islands whose main purpose
in the world’s mind is to pro-
vide Caribbean holidays. If
we drop our guard and get it
wrong, our customers will go
somewhere else, and we will
be as forgotten as poor Haiti
has become.

If we follow the lead of
Randy Butler, though, then
the opposite will more likely
follow.

Another welcome sign of
life for the economy this week
was the high level of reported
interest in the Common-
wealth Brewery initial public
offering (IPO). I would like
to see as many young
Bahamians in the 20-30 year-
old age group take advantage



of this opportunity to get into
the markets, for this will drive
a sense of pride and loyalty
in the brand that brewed our
first local beer. It could be the
yeast of other things.

But what does this all mean
to the rest of us? I can put my
finger on three important
things.

* There are rustlings every-
where that suggest our econ-
omy is about to turn. For-
eigners and locals alike are
prepared to invest in it, and
confidence begets confidence,
too.

* There are clear signs that
the American economy has
already turned. The Bahami-
an Central Bank is not alone
in predicting the return of
tourists in greater numbers
this year.

* Bahamians investing in
Commonwealth Brewery are
people expressing their belief
in the underlying strength of
our economy.

To me, the signs are clear.
The Bahamas is standing at
the doorway leading to pros-
perity for all. It is no longer
locked tight. It is our respon-
sibility as Bahamians to push
it open, walk through and lit-
erally get down to business.

NB: Res Socius was found-
ed by Simon Cooper in 2009,
and is a business brokerage
authorised by the Bahamas
Investment Authority. He has
extensive private and public
SME experience, and was for-
merly chief executive of a
publicly traded investment
company. He was awarded an
MBA with distinction by Liv-
erpool University in 2005.
Contact him on 636-8831 or
write to simon.cooper@resso-
cius.com.

Baha Mar is delighted to announce the addition of nine Bahamian team members.
We welcome each member to our dedicated team with open arms!

Iram Lewis
Principal
fram Lewis Architecture
(contracted by CCA Bahamas Ltd.)

Hire Date: January 2011

Cindy McPhee- Cox
Receptionist Director af Architecture
Hire Date: January 12, 2011 lram Lewis Architecture
(oontracted iy | ‘CA Bahamas Lb.)
Hire Date: January 2011

Lezelye Sands
Manager/ Financial Reporting

Hire Dates March 14,2011

Regina Medley

[Employed by CCA Bahamas Ltd)
Hire Date i

farch 2 2011

ONea Grant
Executive Assistant

Hire Date: March 7, 2011


THE TRIBUNE



FRIDAY, MARCH 25, 2011, PAGE 3B



EPA ‘line in the sand’ over Canadian talks

Bahamas ‘very, very close’ to submitting first
soods and services offer in CaribCan talks

By ALISON LOWE
Business Reporter
alowe@tribunemedia.net

Considering the demands
of the Economic Partnership
Agreement (EPA) with
Europe “a line in the sand”
that it does not wish to go
beyond with Canada, the
Bahamas is “very, very close”
to submitting its first goods
and services offers as part of
negotiations over that trade
agreement.

As with the EPA signed
between CARICOM and the
EU, the Caricom-Canada
trade agreement will replace a
previous non-reciprocal trade
agreement established
between that country and the
Caribbean region.

That 1986 agreement pro-
vided for duty-free access for
Caribbea goods into the
Canadian market, but will be
replaced with a reciprocal
agreement that will demand
similar duty-free access for
Canadian goods coming into
the Caribbean. The deal will
also, for the first time, set out
the terms of the liberalised
trade in services between the
two partners.

Director of Economic Plan-
ning in the Ministry of
Finance, Simon Wilson, said
that whereas the preservation
of access for Bahamian goods,
such as crawfish, into Euro-
pean markets was the prima-
ry driver for Bahamian par-
ticipation in the EPA process,
ensuring this nation maintains
its competitive advantage in
the region for Canadian

investment is the key incen-
tive behind the Bahamas’ pur-
suit of the “Carib-Can” trade
deal.

“The Bahamas is the single
largest destination for Cana-
dian investment in the
Caribbean. Royal Bank of
Canada, First Caribbean,
these are all Canadian banks.
So we have to participate or
we lose our competitive
advantage against our com-
petitors - our colleagues - in
the Caribbean,” said Mr Wil-
son.

Seminar

He was addressing auditors
at a seminar organised by the
Institute of Internal Auditors
yesterday.

Broadly speaking, Mr Wil-
son explained that trade deals
such as the EPA and Carib-
Can seek to remove barriers
to trade between nations,
through achieving tariff
reductions, the regulation of
access for goods into each




other’s markets, and the “har-
monising” of requirements for
investment and provision of
services between participat-
ing nations.

He noted that while such
agreements are not described
as “tax agreements”, they
have “clear implications” for
tax revenue, as they demand
the reduction and eventual
elimination of border tariffs
such as Customs duties,from
which this nation derives the
majority of its revenue.

While no draft text of the
agreement is yet available for
public consumption, said Mr
Wilson, assumptions can be
made about the form the deal
will take based on previous
trade agreements thrashed
out between Canada and oth-
er nations.

“Tf you look at the text, all
they have done is scratch out
‘Perw’ and write ‘Caricom’....”
quipped Mr Wilson, referring
to the Canada-Peru trade
agreement and its similarities
to the CaribCan talks.

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Statement. This will include:

* Refining and implementing a Strategic Plan jointly developed with the Board
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Requirements:
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* 5-7 years’ experience in Corporate Management.
* Experience in personnel management, financial management and
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P.0).Box EE-15082
Shirley Street & Collins Avenue
Nassau Bahamas.
Or Fax (242) 326-2568
and should be received at the office on or before 1 April 2011. Telephone
contacts are:

(242-326-2566)
(242-323-1928)