06142016 business

TUESDAY, JUNE 14, 2016

business@tribunemedia.net

Port ‘within 50 TEUs’ of target By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net ARAWAK Port Development Company (APD) yesterday said it will close its 2016 financial year “within 50 containers of budget”, while calling for repairs to the harbour’s breakwater “sooner rather than later”. Michael Maura, chief executive of the BISX-listed Nassau Container Port operator, said the decline in container throughput volumes had likely “bottomed See PG B6

BISX-listed APD ‘amazingly close’ to 2016 forecast

BAHAMAS Customs yesterday sought to reassure the shipping industry that it will use its newlyacquired “teeth” wisely, and not levy “unreasonable fines” that could drive a further increase in freight rates. Michael Maura, Arawak Port Development Company’s (APD) chief executive, told Tribune Business that Customs’ new enforcement powers “need to be watched carefully” to ensure they do not adversely impact the shipping industry and wider Bahamian economy. He explained that the sector had legitimate concerns regarding the penalties that could be incurred as a result of using the C-10 declaration form, and if prohibited or restricted goods were discovered, as such situations were not necessarily its fault. Mr Maura was speaking after he, and the cargo shipping companies, met with senior Customs executives to discuss the enhanced fines and penalties the Government is seeking to introduce with the 2016-2017 Budget. These reforms, which the Christie administration wants to take effect from July 1, will see shippers/importers who fail to provide the cargo manifest and loading list “at least 12 hours” before the ship or plane lands in the Bahamas hit with a $2,500 fee. That represents a major increase from the current acrossthe-board $75 fee. A fee equivalent to 25 per cent of the imported good’s value will be levied on the parcel list used by cargo ships, while a $5,000 per good charge will be levied on shippers “if pro-

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

Believes volume decline has ‘bottomed out’ Harbour breakwater fix needed ‘sooner than later’ NASSAU CONTAINER PORT

Customs promises wise enforcement ‘teeth’ use By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

Web shop jobs to beat Atlantis in ‘2-3 years’

APD chief: Vital to prevent freight rate increases Shipping industry has ‘major concerns’ Agency to be ‘reasonable’ on levying new fines hibited or restricted goods are found on board their vessels”. Mr Maura told Tribune Business that the “prohibited/restricted goods” reforms, and last-minute changes made to cargo manifests via the C-10 form, were among the shipping industry’s greatest concerns. However, Customs informed the sector yesterday that it planned See PG B4

$4.00 $4.06 $4.21

$4.04

Gov’t over-regulation ‘choking the economy’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Government is “choking the economy” with an ever-growing regulatory burden, a former Chamber chairman warned yesterday, arguing that it should instead focus on enforcing existing laws. Robert Myers, now a principal with the newly-formed civil society group, the Organisation for Responsible Governance (ORG), urged the Government to “crackdown on the lawless” rather than constantly develop new laws and policies. “They keep coming up with ways to tighten the noose, and all they do is choke the economy, instead of doing what they should be doing; cracking down on people who violate the laws and don’t pay their taxes,” Mr Myers told Tribune Business. “The Government wants to create laws that try to improve the situation, rather than crackdown on the lawless.” Mr Myers was alluding to the package of new tax enforcement and compliance

Instead urged: ‘Crackdown on the lawless’ Ex-Chamber chief calls for focus on existing laws

A WEB shop operator yesterday said the industry’s employment levels would exceed that of Atlantis “within two to three years”, as he plans to neardouble his locations. Leander Brice, cofounder of GLK Ltd, trading as A Sure Win, told Tribune Business that the company, which currently has 42 locations throughout the Bahamas, would like to grow to 80. “We believe in creating jobs for Bahamians,” he said. “This is a part of the new economy for the Bahamas. We want to make our contribution to the community as a whole. “Right now, we have about 208 employees. Eventually we would like to get to 1,000. We believe that

measures that the Christie administration has either elected to implement, or is bringing into effect, to coincide with the 2016-2017 Budget. Requirements such as the See PG B4

Eyeing employment growth from 280 to 1,000 Operator accuses Canadian banks of discrimination this is going to become one of the major contributors to the Bahamian economy in terms of jobs. “I’m not sure exactly how many employees Atlantis has, but I can guarantee that in the next two to three years I can see the industry exceeding the amount See PG B5

Businessman ‘happy’ with 50% investment rate of return slash By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

ROBERT MYERS

A Sure Win wants to double locations to 80

A WELL-known businessman yesterday said he is “happy” to get half the rate of return on investment he once enjoyed, adding: “We’re in a full-blown depression.” Dionisio D’Aguilar, Superwash’s president, told Tribune Business he had been “shocked” at the substantial revisions to the Bahamas GDP growth numbers that were unveiled by Prime Minister Perry Christie in the 2016-2017 Budget. Mr Christie said the Government had now adopted Department of Statistics data showing that the Bahamian economy shrunk by 0.5 per cent and 1.7 per cent in 2014 and 2015, re-

D’Aguilar: Used to like 20%, now settle for 10% Fears economy in ‘full-blown depression’ ‘Shocked’ at revised economic growth numbers spectively, contradicting earlier estimates of positive growth. Pointing out that economists officially defined a recession as two consecutive quarters of negative growth, Mr See PG B5

PAGE 2, Tuesday, June 14, 2016

Bahamians losing assets and rights By ANTHONY HOWORTH President

Euro-Caribbean Management Services Ltd

IT is disappointing to see so much of the Bahamas’ national assets, such as its land and people, being sidestepped by ingrained government policies that prefer foreign investment to public-private partnerships (PPPs). While Crown Land, inherited from the British Crown, the original governors of the country, was given back to the people of the Bahamas, it has been used by successive governments to obtain foreign investment and ‘pay back’ political friends. This is often by way of Crown Grants, with conditions to develop undeveloped land, which

in many cases lies undeveloped after many, many years. Granting Crown Land to Bahamian citizens could be viewed as recompense for the unjust treatment of slaves, brought to the Bahamas from Africa and used by British and Loyalist landlords to work agricultural plantations. Many of these failed due to adverse economic conditions, such as the jute industry, the pineapple industry and the cotton industry. But the land, a still valuable asset, was held and sometimes sold by the plantation owners to recover their costs. Some was donated to the slave families, such as the Rolle plantations in south Exuma. Some have benefited, but many have not. All Crown Land should be held for the public bene-

fit. And the public includes all residents and taxpayers. Not just the citizens. See Article 15 of the Bahamas Constitution, which reads: “Whereas every person in the Bahamas is entitled to the fundamental rights and freedoms of the individual ……………… but subject to respect for the rights and freedoms of others and for the public interest.” This Article goes on to list these fundamental rights, starting with ‘Life, Liberty, and the security of the person and the protection of the law.” It continues with freedom of association, and finishes with ‘protection of the privacy of his home and other property, and from the deprivation of property without compensation’. This writer maintains that Crown Land is being

abused, and every person in the Bahamas is being deprived of the enjoyment of Crown Land when it is leased or sold without proper compensation. In addition, Crown Land must be available for enjoyment by all persons in the Bahamas. The beaches below the high water mark, and the sea bed, unless specifically leased or sold for the benefit of the public, belongs to the Bahamas residents and they can enjoy freedom of movement under the Constitution. It is an agreed position that the laws passed by Parliament are subject to the Constitution. The only exceptions appear to be that the public interest is supreme, as stated in the above Article 15. Politicians See PG B4

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CIBC unveils banking app for smartphones CIBC FirstCaribbean has launched a mobile banking app for smartphones, in a bid to give customers more control over how they conduct their financial business. “The new Mobile App joins a series of innovations introduced to help the bank’s customers determine the banking experience they want; in essence, control over how and when they bank is entirely in the hands of the client,” said Trevor Torzsas, CIBC’s managing director of customer relationship management and strategy. Mr Torzas said the app “was something our customers have been asking for, and the initial feedback since its launch has been excellent. We are giving our customers here in the Bahamas additional options when banking with us”. He added that the new app “proves that CIBC FirstCaribbean is the bank that fits seamlessly into our clients’ lives. “All the enhancements that we have put in place over the past two or three years are part of our promise to deliver innovative products and services that truly meet our clients’ individual needs,”Mr Torzas said. “Banking that fits your life. That is what we are ultimately aiming to provide to all our customers, and our products were the obvious place to start.Our Mobile Banking App is just one of those innovations.” Mr Torzas added that CIBC “already offers one of the best Internet banking services in this region, and this, combined with the new Mobile App and the improvements we are making to our ABM fleet, means that our clients need never set foot in a banking hall, unless they’ve come to

apply for a loan…and even that is now possible online.” In common with CIBC’s Internet banking platform, the new app, accessed via Android, Apple, Blackberry and Windows devices, affords users the convenience of checking their account balances, transferring funds, paying bills and locating branches and Instant Tellers from their mobile device. Mr Torzas said the app was “a significant step in our being able to add value for our customers, who can now do their banking from the palm of their hand. “Today’s individual increasingly has a lifestyle that is fast-paced, and affords them little time to spend in a queue in the banking hall,” he added. “Our Mobile Banking App will forever change the way they interact with the bank. Combine this with our online application process and paperless statement delivery, and you have a best in class digital banking service for the techsavvy who are always on the go.” Mr Torzsas Said CIBC FirstCaribbean will continue to invest in its services, such as its recentlylaunched chip and pin technology for merchant clients. It will also be moving to the same secure chip and pin technology later this year for all its credit card clients, in order to give them an even greater degree of protection. Mr Torzas said the bank will also continue to invest in building a foundation to service its retail, wealth, business banking and large corporate clients by continuing to build close relationships with them as “we drive a client centric approach to everything we do”.

TREVOR TORZSAS

THE TRIBUNE

Tuesday, Tuesday, June June 14,14, 2016, 2016, PAGE PAGE 3 3

Shipping firms fearing ‘huge snowball effect’ By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net SHIPPING companies and importers fear that new Customs fines and fees set to come into effect on July 1 will have a “huge snowball effect” on legitimate businesses, Tribune Business was told yesterday. However, Charles Turner, the Customs comptroller, said the measures were no “money making exercise”, but instead an effort to facilitate legitimate trade. Tribune Business sources, speaking on condition of anonymity, said there was serious industry concern over what the potential impact of new compliancerelated measures unveiled with the 2016/2017 Budget. Prime Minister Perry Christie revealed that these initiatives included increasing the Customs storage charge for vehicles from $30 per week to $50, although the bulk are targeted at the shipping industry and importers.

Concern over increased fines and fees Legitimate businesses to suffer ‘for the 5%’ Customs: Not a ‘money-making exercise’ In particular, shippers/ importers who fail to provide the cargo manifest and loading list “at least 12 hours” before the ship or plane lands in the Bahamas will be hit with a $2,500 fee - up from the current across-the-board $75. A fee equivalent to 25 per cent of the imported good’s value will be levied on the parcel list used by cargo ships, while a $5,000 per good charge will be levied on shippers “if prohib-

BISX lists first ever ICON fund THE Bahamas International Securities Exchange (BISX) has listed its firstever Investment Condominium (ICON) fund structure. The exchange yesterday said the voting interests in the Star Capital Fund ICON had successfully completed the BISX listing process, adding its securities to those already listed. Star Capital is open-ended investment fund that was established as an Investment Condominium under the Investment Condominium Act 2014. It is registered as a Smart Fund 007 under the Investment Funds Act 2003. BISX’s chief executive, Keith Davies, said: “We are pleased to have listed our very first ICON on BISX. “The innovation of the Bahamian financial services sector continues to be demonstrated through the value-added products such

as ICONs that are being created.” CFAL served as the BISX sponsor member that brought this fund to the exchange. TAG Corporate Services has been appointed as the administrator for the fund. Swan Capital acts in the capacity of investment manager. The Bahamas Financial Services Board’s ICON guidebook says: “An ICON is a contractual relationship between one or more participants who have pooled assets for the purposes of operating as an investment fund, and an investment condominium must be licensed as an investment fund under the Investment Funds Act. “It is an entity without legal personality but, when represented by its administrator, is able to hold assets in its own name, enter into agreements and sue or be sued in its own name.”

Bahamas seeks yacht charter share boost THE Ministry of Tourism is hoping to use the upcoming Yacht and Travel Show to boost the Bahamas’ 8 per cent share of the global yacht charter market. “The charter market is a very lucrative one worldwide,” the Ministry of Tourism said in a statement. “It is estimated that in excess of $14.1 billion is generated from this industry annually. “Research also shows that of the charters conducted, some 60 per cent go to the eastern and western Mediterranean, 25 per cent to the Caribbean and US, 8 per cent to the Bahamas, and 7 per cent to other destinations. “It should be noted that charters in the Bahamas provides more opportunities that any of our nearby Caribbean brothers and sisters and, as such, the interest to our country is substantial.” The Ministry of Tourism is one of the main sponsors of the upcoming Bahamas Yacht and Travel Show, which will be held on June 17-19 at Bay Street Marina. s. It is designed to providevisitors with knowledge of Bahamian boutique hotels and boat charter services, especially in the Family Islands. Smaller, tourist-related

businesses will have an opportunity to showcase their products and generate business. Local businesses in New Providence will also benefit from the show. The Ministry of Tourism is planning to make the Bahamas Yacht and Travel Show an annual event. Plans are currently underway to make it even bigger event in 2017. The organiser of the event is ‘Boat 4 A Day’, which is a luxury yacht charter service. It is partnering with the Ministry and Bay Street Marina, with the support of the Association of Bahamas Marinas, to produce this show. Vendors will include chartered yachts and other charter options, hotels, marinas, resort wear, excursions and anything that is marketed to tourists to promote travel to the Bahamas. Event sponsors include the Green Parrot Restaurant; Association of Bahamas Marinas (formerly Marina Operators of The Bahamas); Bahamas Out Island Promotion Board; Nassau Paradise Island Promotion Board; Island Wines and Spirits; Bahamas Local; National Marine Supplier; Aqua Soleil, A la Plage Boutique, Blue Moon Resort Wear and Paradise Blue Surf Shop.

Career OppOrtunity Auto Technician Needed

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ited or restricted goods are found on board their vessels”. One importer, speaking to Tribune Business on condition on anonymity, said: “There is major concern about this. We’re meeting with the Comptroller before the actual Customs Management Act that brings these laws into effect. “While I agree with the majority of what the Ministry of Finance and Bahamas Customs is trying to do, I’m extremely concerned about the C-10 based on the administration fee to amend the manifest. As a percentage it is infinite, based on the percentage of the cost of goods and freight. “There are many legitimate reasons why you would execute a C10. I believe this is to go after particular parties that are doing things they shouldn’t be doing, but in effect it is creating a huge snowball effect for the trusted importers of record,” the importer added. “We understand why they

are trying to do it because they are trying to focus on the few people that are doing things they shouldn’t be doing, but the instrument for that would far outweigh what the end user would have to put up with. “I think the long-term effects are far going to outweigh the short-term gain. You are going after 5 per cent of the people, but trusted importers are the ones that are really going to suffer.” The importer continued: “We’re giving the Ministry of Finance and Customs the opportunity to share our concerns, and hopefully we can provide them with information to make them reconsider. “There are dozens and dozens of reasons why you would want to do a legitimate amendment to the manifest. If there aren’t any amendments before July 1 that would protect the trusted importers from these fines and fees, I think you are going to have a huge outcry from

the business community.” Charles Turner, the Customs Comptroller, told Tribune Business that the measures being proposed were not unlike those in other jurisdictions. “Human remains, for example, is a restricted goods. We said to (them) that if you bring it on the plane without the approval from the authorities, then it would be fee of $5,000,” Mr Turner said. “The approval with respect to humans remains is a death certificate, and the approval from the medical officer to bring it. “And no airline should put an animal on the plane to come into the country unless prior approval is given. We don’t know what the animal may have had, or what the persons who died may have died from; it could have been a contagious disease.” Mr Turner added: “With regard to the C-10, we said to them that we need them to be prudent. If you going into the US and you have

something aboard your vessel that is not declared, then the fine would be levied. “As the carrier, you have to know what is on board the boat. The importers have to have responsibility. We say with the C-10, with regards to vehicles, we need to have risk analysis. If a vehicle is on that vessel and is not documented, then you pay a value. “There is no reason you should have a manifest and bring cargo in and it is not documented. We also said that for risk analysis we need to know who the importer is, so we could go to the risk analysis,” the Comptroller said. “We cannot examine every good or shipment. We also said with regard to the cargo manifest we need to have the document 12 hours in advance. We also said to them there is an appeals board with respect to vessels, and we would review each case on a case by case basis and determine whether there would be a penalty. See PG B4

PAGE 4, Tuesday, June 14, 2016

Customs promises wise enforcement ‘teeth’ use From pg B1 to be “reasonable” in the enforcement of its proposed new powers, and would not be imposing sweeping sanctions for infractions that were not the shipper’s fault. “What Customs really impressed on everybody in the room today is that Customs is going to be reasonable,” Mr Maura said. “Customs does now have some teeth to address some of the issues that do exist with trade in and out of the Bahamas but, at the same time, are introducing a process to give persons who think it was not their fault the opportunity to have that penalty removed.” Mr Maura said that in the case of prohibited/restricted goods, which are covered by Customs regulation 147, the

$5,000 penalty was not ‘set in stone’. Prohibited/restricted goods include items and substances such as weapons, animals, money, narcotics and foods, and the Budget reforms could theoretically allow Customs to levy a $5,000 fine for situations such as a supplier mistakenly placing three cases of chicken in a frozen container. Mr Maura said Customs yesterday pledged that a group of senior executives would “review every situation and determine if it was accidental, or whether it was intentional. “The carrier, if it feels it should not have been fined, can appeal to an Appeals Committee which is outside Customs and independent.... They’ll review it and see whether Customs ap-

Gov’t over-regulation ‘choking the economy’ From pg B1 need to supply a monthly Tax Compliance Certificate (TCC) in order to receive payments from the Government for goods and services already rendered, plus making it mandatory for major shareholders and subsidiaries to also be compliant for a TCC to be obtained, have aroused considerable ire and concern in the private sector. Tax compliant businesses fear they are being further

burdened by a regulatory web that is becoming ever more complex and onerous, further undermining the ‘ease of doing’ business and increasing costs in an already high-cost economy. “They continue to implement policies and laws that make it more difficult for law-abiding citizens and businesses, rather than cracking down on lawless businesses and citizens,” Mr Myers said, indicating that he agreed with such senti-

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propriately applied the law.” Mr Maura said the threemember Appeals Committee’s membership would include a retired judge and an accountant. A “reasonable” approach by Customs, and a properlyfunctioning appeals process, will be vital in ensuring that the shipping industry is not over-burdened by the new regulation. And that, in turn, it does not over-react by increasing freight rates, something that would further weigh down Bahamian consumers, businesses and an already-struggling economy. Mr Maura said the issue was “a major concern” for the shipping industry, given that around 80 per cent of the containers (TEUs) they ship to the Bahamas have already been sealed off-site by their clients before they receive them. This means that it is impossible for the shipping companies themselves to inspect, and corroborate, the

cargo before it arrives in the Bahamas - thus exposing them to penalties for mistakes and infractions they have no responsibility for. “If Customs assesses the $5,000 in cases where the carriers had no reasonable means of detecting the contraband, the carriers will very likely react by increasing their freight charges in an effort to offset these unreasonable fines,” Mr Maura told Tribune Business. “Eighty per cent-plus of the cargo transported by the carriers is delivered to the carrier in a sealed container. The Carrier has no means of inspecting this cargo.” The APD chief executive added that the use of C-10 Customs forms to make last-minute changes to cargo manifests was another “huge concern” for the Bahamian shipping industry. Mr Maura said there were “a lot of reasons” for C-10s to be employed, given that shipping companies were

dealing with clients and suppliers where English was not the first language, and which often described physical freight differently. He added that suppliers were often shipping product to different locations in the Bahamas, and sometimes confused manifests for one destination with those for another, requiring last-minute changes. “There are a lot of situations that take place on a regular basis that require C10s,” Mr Maura said. “This is something that needs watching carefully, but Customs indicated it would be fair and transparent with the process, and will not be levying fines and penalties in a manner that causes more uncertainty.” Elsewhere, Mr Maura said Customs now wanted a shipping company’s parcel list to be submitted with its cargo manifest, and no less than 12 hours before arrival in the Bahamas. Failing to do so will sub-

ments. “It only creates more inefficiency, lessens the ease of doing business, and only hurts the law-abiding.... Stop writing laws that make you feel better, and enforce the ones that do exist. “Cracking the heads of people that are breaking existing laws is the answer; getting non-compliant taxpayers compliant is the answer. Leave the compliant ones alone, those trying to pay their taxes.” ORG’s main focus is greater transparency, accountability and openness in Bahamian governance, combined with improved economic growth and education reform. Mr Myers suggested the Bahamas was far removed from “modern governance” in the way laws and policies were developed, with those on the receiving end too often treated as an ‘enemy’ and not properly consulted by the Government. As a result, the Bahamas was forced to frequently grapple with inadequate,

overbearing legislation that contained numerous unintended consequences for businesses and citizens. “We don’t have enough businessmen and civil society groups involved in these decisions, and it’s why we keep making things more difficult for ourselves,” he argued. “We’ve got to be more open, transparent and accountable. It might slow things down, but when you’re putting laws in place that hamper business and economic growth, and business and consumer confidence, you have to change.” Mr Myers emphasised that he was not singling out the Christie administration for criticism, adding that these issues had plagued both PLP and FNM governments for the past four decades. “It’s not just this administration,” he told Tribune Business. “It’s not a PLP thing. It’s a general statement on the Government for the last 35 years. They’ve got to stop it, got to change it. That’s our only hope.”

Shipping firms fearing ‘huge snowball effect’

NOTICE

NOTICE is hereby given that Melissa TaMaRa JaCKsON of Miller’s Height off Carmichael Rd., P.O. Box SP-60511, Nassau, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 7th day of June, 2016 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

From pg B3 Mr Turner said the measures were designed to facilitate legitimate trade. “In my view, all of this is to facilitate legitimate trade, and we must be provided with information in advance to do that” he said. “We are saying to the carriers that they have an obligation to the Customs Department in advance to report what they have on their vessels. They cannot, until they reach in Nassau, say they forget to put something on. Give us the information in advance so we

ject the shipper to a fee equivalent to 25 per cent of the imported good’s value, which would be equivalent to a $12,500 penalty on a $50,000 consignment. Still, Mr Maura said Customs emphasised that the new sanctions were only targeted at law breakers, not legitimate companies. “Customs added that they will be on the look out for those importers and exporters who deliberately choose to engage in illegitimate trade and impede Customs’ risk assessment efforts. Customs will bring the full weight of the law on these persons,” Mr Maura said. “Customs added that there is a C-10 review committee which will review each C-10 and determine if it warrants a fine. Again, they are not focused on assessing fines on the entity engaged in legitimate trade and makes an innocent mistake.”

can know who is bringing in the goods and what we are dealing with. “This is not a moneymaking issue. We want to inform the airlines and shipping agents that they comply with these laws, and present accurate information showing the true ownership of goods, letting us know in advance what is happening, and not bring in restricted goods without approval. We are meeting with them, we are in discussions with them and we are saying to them it is not a money-making situation.”

Bahamians losing assets and rights From pg B2 use this excuse in justifying the lease of Crown Land. Baha Mar is an example. Another question that arises is whether the Constitution protects other entities resident in the Bahamas, such as corporations, including International Business Companies (IBCs). Does the term ‘person’ include Corporation? Another concern is whether a treaty signed by the Bahamas can override the Constitution. The argument may be that it is in the public interest. A treaty signed with another country must be ratified by Parliament. However, does Parliament consider all the aspects of a treaty to be sure that all its provisions

are in the public interest. I question this, as it does not go through an analytical debate in most cases. The issue of sovereignty is becoming more and more a matter of concern worldwide. For example, Germany, a member of the European Union (EU), now governed by the European Parliament, has refused to accept any laws or treaties passed by the latter without being approved by the German Parliament. In the Bahamas, our dovereignty is being slowly eroded. The attempts to drive a knife through the rights of privacy, confidentiality and bank secrecy, all primary rights under our Constitution, and the basis of our security, must be fought on all levels.

Legal Notice

NOTICE

NOTICE IS HEREBY GIVEN as follows: (a) AVELAR ENERGY TRADING LTD. is in dissolution under the provisions of the International Business Companies Act 2000 (b) The Dissolution of said Company commenced on June 14, 2016 when its Articles of Dissolution were submitted and registered by the Registrar General. (c) The Liquidator of the said company is Zakrit Services Ltd. of 2nd Terrace West, Centreville, Nassau, Bahamas. (d) All persons having Claims against the above-named Company are required on or before July 13, 2016 to send their names and addresses and particulars of their debts or claims to the Liquidator of the company or, in default thereof, they may be excluded from the benefit of any distribution made before such debts are proved. June 15, 2016 ZAKRIT SERVICES LTD. LIQUIDATOR OF THE ABOVE-NAMED COMPANY

NOTICE Pursuant to the provisions of Section 138 (8) of the International Business Companies Act, 2000, notice is hereby given that:ABULON COVE INC. has been dissolved and struck off the Register pursuant to Certificate of Dissolution issued by the Registrar General on 18th MAY, 2016. C.B. Strategy Ltd. LIQUIDATOR

THE TRIBUNE

Tuesday, June 14, 2016, PAGE 5

Businessman ‘happy’ with 50% investment rate of return slash From pg B1 D’Aguilar yesterday argued that the Bahamas’ two successive years of contraction qualified as a “depression”. “I was shocked that the Prime Minister said in the Budget speech that the economy had contracted by 0.5 per cent in 2014, and by 1.5 per cent in 2015. We’re in a depression,” he told Tribune Business. “We’ve had two straight years of contraction in our economy. I was shocked because the initial reports were that we were growing at 1-1.2 per cent. Then the numbers come out and say the economy contracted, which means we’re in a fullblown depression.” Mr D’Aguilar said Superwash, whose laundromat services are a necessity, rather than a luxury for many Bahamians, was producing flat year-over-year sales growth. “We’re in the enviable position of being able to grow and to expand our locations, and upgrade, so we’re continually reinvesting,” he told Tribune Business. “What I have found is that the more you reinvest, the less the rate of return on

your investment. In the past I was happy with a 20 per cent return; now I’m happy with 10 per cent.” Mr D’Aguilar’s comments reveal just how Bahamian businessmen have had to temper their expectations, and targets, amid an economic climate in which substantial GDP growth remains elusive. “If you don’t have cash, you’re screwed,” Mr D’Aguilar said, referring to how commercial banks and other lenders were seeking significant equity down payments as a condition for extending loans. “It’s difficult to get anything off the ground right now without cash. That’s why we’ve got no growth.” Mr D’Aguilar contrasted the Bahamas’ relatively lame economic performance with the growth, and improved employment numbers, in the US, adding: “That’s a testament to poor governance. “This government must realise they cannot continue to do things the same old, same old. It’s just a disaster that’s getting worse by the minute. The Government can’t seem to get it right. “We are in a full-blown

Web shop jobs to beat Atlantis in ‘2-3 years’ From pg B1 employed at any one of the major hotels.” While the Canadianowned banks are standing firmly behind their position not to accept deposits from a legalised web shop industry, Mr Brice argued that this amounted to discrimination. “We do feel discriminated against,” he said. “I think this, too, shall pass. It’s just that persons don’t understand the industry and they are quick to label us. Now they can see we are law abiding and regulated. “I cannot see there being any discrimination against us who are Bahamians,

like anyone else. We are businessman and if you’re allowed to get a Business License certified by the Government, you should be able to bank. “We are grateful that the Bank of the Bahamas has opened their doors to us and allowed us to bank and fulfill our obligations to our employes and our vendors.” Bank of the Bahamas las year confirmed it had received “clearance” from its own US correspondent bank, JP Morgan Chase, to accept deposits from a legalised web shop industry. Marie Rodland-Allen, CIBC FirstCaribbean International Bank (Ba-

depression, and I don’t know how Bradley Roberts and his Merry Men can get up and say they’re doing a good job,” Mr D’Aguilar continued. “The proof of the pudding is looking at the numbers. There’s nothing they can look at. The economy is tanking with high levels of unemployment. It’s a disaster and it’s growing. The numbers are reflective of how we’ve been performing for quite some time.” Mr D’Aguilar argued that for GDP growth to improve, the Government needed to change the governance model and structure for the Bahamas, and eliminate all forms of corruption, nepotism and cronyism. “There’s a growing sense of helplessness that nothing is changing,” he told Tribune Business. “I’m surprised that people are not screaming from the hilltops about the really poor economic numbers that are coming out from this government. It’s dismal, dismal. “Perry Christie and his Cabinet are running this country into the ground, albeit in a very nice way, but they’re doing it. We’re doing nothing new and innovative to change the way we run this country. Nobody feels good.”

hamas) managing director, previously confirmed to this newspaper that the three Canadian-owned banks were standing behind their position not to accept deposits from a legalised web shop industry. She acknowledged that her institution, and the likes of Royal Bank of Canada (RBC) and Scotiabank, were prohibited from accepting web shop gaming deposits by the bank’s worldwide policy. Both Commonwealth Bank and Fidelity Bank (Bahamas) having also previously said they would not accept money from a legalised web shop gaming industry, due to fears they might lose their US correspondent banking relationships. It appears only Bank of the Bahamas is left to become the sector’s ‘bank’.

DIONISIO D’AGUILAR

PAGE 6, Tuesday, June 14, 2016

Port ‘within 50 TEUs’ of target From pg B1 out” during the 12 months to end-June 2016. He told Tribune Business that while it was currently in the process of finalising the budget for its next financial year, APD anticipated that twenty-foot equivalent units (TEUs) volumes would be boosted by projects such as the Atlantis renovation and The Pointe. And he conceded there was “the possibility” that APD could offer to repair the Nassau harbour breakwater itself, relieving the Government of this burden in return for reduced - or returned - tax payments. Mr Maura pointed out that 25 cents of every $1 collected by APD went to the Government, and suggested that the repairs would take

two years to effect. The Nassau Container Port operator thus indicated its willingness to take up a suggestion from a recent Caribbean Development Bank (CDB) report, which advocated that APD assume responsibility for breakwater repairs from the Port Department. Pegging the repair costs at $20 million, the CDB’s recent study of 12 Caribbean ports recommended that APD and the private sector take the lead, and in return be relieved of certain tax and fee payments to the Government. Mr Maura, meanwhile, told Tribune Business it was “pretty incredible” how close APD’s 2016 financial performance was likely to come to its projections.

“It’s amazing how close we are,” he said. “I think we’re going to come within 50 TEUs of budget, which is pretty incredible. “When you consider the fact a year ago we were sitting around a table and reacting to the issue with Baha Mar, and the slowdown and so forth, and what that meant to volume at that time, we expected the impact would be roughly 10 per cent, and it’s ended up being about that.” APD, in its 2015 annual report, warned: “Our TEU volumes are currently on budget as at August 31, 2015. However, we are doubtful of any project cargo volumes this year. The main project, Baha Mar, is at a standstill and the Hilton and Albany projects are in the very early stages. “Due to this, we do not foresee any significant project volumes during financial year 2016. With the

current Baha Mar situation, we feel that total market volumes will be around 61,500 TEUs for 2016 or 6,880 under the 2015 TEU volumes of 68,380 TEUs. Our total revenues as at August 31, 2015, are ahead of budget by $360,000 or 55 per cent.” APD also effectively delivered a profit warning to shareholders for the current financial year, predicting that net income would be down 48 per cent to $3.526 million - some $3.227 million below last year’s $6.753 million. APD’s financial results for the first nine months show it is tracking forecast and possibly better, with net income for the period to end-March only 34.3 per cent down year-over-year, standing at $3.349 million compared to $5.096 million. “I definitely believe we have bottomed out,” Mr Maura told Tribune Business, referring to the port’s

NOTICE

AQUALIS LIMITED

ANOMAL INVESTMENTS LIMITED

N O T I C E IS HEREBY GIVEN as follows: (a) AQUALIS LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. (b) The dissolution of the said company commenced on the 09th June, 2016 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Bukit Merah Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, P.O. Box N-3023, Nassau, Bahamas Dated this 10th day of June, A. D. 2016

N O T I C E IS HEREBY GIVEN as follows: (a) ANOMAL INVESTMENTS LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. (b) The dissolution of the said company commenced on the 09th June, 2016 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Bukit Merah Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, P.O. Box N-3023, Nassau, Bahamas Dated this 10th day of June, A. D. 2016

THE TRIBUNE

TEU volumes. “I don’t think things are going to get any worse from a volume perspective. “We’re looking to the next 12 months being better than the prior year. Our budget [for the 2017 financial year] will be complete within the next 30 days, and we’re hoping there’s some good news coming from Baha Mar, with someone in place to finish the project by the end of the year. “Atlantis’s renovation has just begun and will bring some volume,” he added, along with the The Pointe’s $200 million hotel, residential and lifestyle development next to the British Colonial Hilton. APD’s container volumes already seem to have seen a rebound after the end of Baha Mar construction comparatives, with May volumes up by 3.8 per cent to 5,480, compared to 5,279 last year. This, though, was the product of an extra sailing in May 2016. Mr Maura acknowledged that repairs to the Nassau harbour breakwater were becoming more important with each passing year, given the impact of frequent storms. “What we have seen over the last five years is Mother Nature has begun to break down the breakwater,” he told Tribune Business. “We’ve begun to see areas or gaps appear in the breakwater, and when you get those big storms passing north of New Providence and swells, it does send a good surge into Arawak Cay itself, and does move the ships and impact operations.” Mr Maura added that “a huge break” in the breakwater, around 100 feet in length, existed just west of the lighthouse and resulted in impacts to the eastern end of Arawak Cay when waves

crashed against it. “That’s an area we hope is addressed sooner rather than later,” Mr Maura told Tribune Business, acknowledging that the issue had been raised with the Government and Port Department. “The challenge always come down to funding,” he added. “It is something we do discuss. At some point, something has to be done, but no one has presented us with a plan yet as to what’s going to be done to correct the situation.” The CDB report said “financial constraints” were preventing the Port Department from effecting the necessary repairs, and recommended that the responsibilty be transferred to the private sector and APD. “There is the possibility or opportunity for the Government to sit down with APD and say we need your assistance to correct this issue with the breakwater,” Mr Maura said. “We pay a base fee to the Government of $41 per TEU. We pay a Business Licence, pay real property tax. Approximately 25 cents of every $1 we collect goes to the Government.” He added: “The concern we do have is that Mother Nature has now established a chink in the armour, and every single time she sends a storm our way it makes that breach a little wider. “It’s not something we can sit back and forget about. It gets worse every year. It’s something that has to be addressed.” Mr Maura said breakwater repairs should be carried out within the next few years, and would likely take two years to complete - six months for engineering works, and a year to finish the construction.

_________________________________ Bukit Merah Limited Liquidator

NOTICE

NINGBO LIMITED

RM INVESTMENTS HOLDING LIMITED

MOLINELLA LIMITED

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

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

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

(b) The dissolution of the said company commenced on the 09th June, 2016 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Leeward Nominees Limited, Akara Building, 24 de Castro Street, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands. Dated this 10th day of June, A. D. 2016

(b) The dissolution of the said company commenced on the 10th June, 2016 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Bukit Merah Limited, The Bahamas Financial Centre, Shirley & Charlotte Streets, P.O. Box N-3023, Nassau, Bahamas

N O T I C E IS HEREBY GIVEN as follows: (a) MOLINELLA LIMITED is in voluntary dissolution under the provisions of Section 138 (4) of the International Business Companies Act 2000. (b) The dissolution of the said company commenced on the 09th June, 2016 when the Articles of Dissolution were submitted to and registered by the Registrar General. (c) The Liquidator of the said company is Leeward Nominees Limited, Akara Building, 24 de Castro Street, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands. Dated this 10th day of June, A. D. 2016

Dated this 10th day of June, A. D. 2016

_________________________________ Leeward Nominees Limited Liquidator

_________________________________ Bukit Merah Limited Liquidator

_________________________________ Leeward Nominees Limited Liquidator

NOTICE

CONTROIPOTESI LIMITED

MARMI LIMITED

LUALECAO LIMITED

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

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

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

(b) The dissolution of the said company commenced on the 09th June, 2016 when the Articles of Dissolution were submitted to and registered by the Registrar General.

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

Dated this 10th day of June, A. D. 2016

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

_________________________________ Bukit Merah Limited Liquidator

NOTICE

SPHINX INVESTMENTS LIMITED

CALASTELLA LIMITED

MAPLETREE HOLDINGS LIMITED

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

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

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

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

(b) The dissolution of the said company commenced on the 09th June, 2016 when the Articles of Dissolution were submitted to and registered by the Registrar General.

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

Dated this 10th day of June, A. D. 2016

_________________________________ Bukit Merah Limited Liquidator

THE TRIBUNE

Tuesday, June 14, 2016, PAGE 7

With economic view hazy, a wait-and-see Fed message expected WASHINGTON (AP) — It's all about the data. For months, the Federal Reserve has said that once economic data showed a consistently healthy economy, it would be time to resume raising interest rates. And for almost as long, the data has shown improvement and suggested that a rate hike was likely this summer. That was then. This month, when the government issued a surprisingly bleak hiring report

for May, it suddenly raised doubts about the health of the job market. And it caused most Fed-watchers to put off their predictions for the next Fed rate hike into the fall. So when the Fed issues a statement after a policy meeting ends Wednesday and Chair Janet Yellen holds a news conference, a wait-and-see tone is expected. The Fed will likely echo the message Yellen sent in a speech last week: That while the U.S. economy looks fun-

damentally solid and higher rates will come eventually, too many uncertainties exist to say when the Fed might raise rates again. Among the uncertainties Yellen highlighted is a June 23 referendum in Britain over whether to leave the European Union. A yes vote could roil financial markets, and the Fed wouldn't likely want to further unnerve investors with a rate hike just a week before that vote. Economists who foresee no rate hike before Septem-

ber say the Fed won't have a clear enough picture of the economy before then to raise rates and make borrowing more expensive. The biggest uncertainty is whether the job market has succumbed to a prolonged slump or is merely enduring a brief pause. The government's May jobs report showed that employers added just 38,000 — the weakest monthly gain in five years — and that job growth has averaged only 116,000 the past three months, down from an

average of 230,000 in the 12 months ending in April. Other economic barometers have also sowed doubts — from tepid consumer spending and business investment to a slowdown in worker productivity to stresses from China other major economies. And inflation has remained persistently below the Fed's 2 percent target. "While the global economy has stabilized in the sense that it is not dropping like a rock, global economic

growth remains anemic at best," said Sung Won Sohn, an economics professor at California State University, Channel Islands. "Given all the uncertainties on economic growth and continued low inflation, there is no need to rush to hike interest rates." Sohn foresees just one Fed rate hike this year, probably in September, with the central bank then moving to the sidelines in the closing weeks of the presidential race.

PAGE 8, Tuesday, June 14, 2016

Stocks fall before Fed meeting; LinkedIn soars on buyout

NEW YORK (AP) â&#x20AC;&#x201D; U.S. and global stocks fell for a third day on Monday, as concerned investors waited to see what the Federal Reserve would do with interest rates later this week and anxiously awaited the fate of Britain's membership in the European Union.

THE TRIBUNE

LinkedIn shares jumped after Microsoft announced plans to buy the company. Firearms makers climbed as investors wondered if the mass shooting in Orlando on Sunday will lead to greater sales. Sturm Ruger advanced $4.88, or 8.5 percent, to $62.29, its largest one-day gain in more than a year, and Smith & Wesson rose $1.47, or 6.9 percent, to $22.88. Similar gains have been recorded after other mass shootings such as the one last year in San Bernardino, California. The prospect of additional background checks and other regulations often boosts demand for guns. The Dow Jones industrial average lost 132.86 points, or 0.7 percent, to 17,732.48. The Standard & Poor's 500 index fell 17.01 points, or 0.8 percent, to 2,079.06 and the Nasdaq composite fell 46.11 points, or 0.9 percent, to 4,848.44. The Federal Reserve had been expected to start raising interest rates, but now appears likely to remain in a wait-and-see mode. The central bank's two-day meeting will start Tuesday, with a decision on interest rates Wednesday afternoon. Fed Chair Janet Yellen is scheduled to hold a news conference after the interest rate decision. While last month many investors were betting that the Fed would raise interest rates, the two most recent monthly jobs reports in the U.S. have put a damper on those expectations. Investors' lack of confidence that the Fed will raise rates could be seen in bonds and the U.S. dollar. The yield on the 10-year U.S. Treasury note fell to 1.61 percent from 1.64 percent on Friday, its lowest yield so far this year. The dollar, while off its lows, is still also trading near its lows for the year against other major currencies. Combined with the weight of the Fed decision, stocks, particularly in Europe, remain under pressure on investor concerns over whether Britain will choose to remain in the European Union in a June 23 referendum. Recent polls have shown the race is tight, with some polls showing a

majority of British voters are in favor of exiting the EU, a development known informally as "Brexit." "This week's Fed meeting feels like a bit of a sideshow, given the focus on Brexit and the market's appropriate belief that the Fed is unlikely to (raise) ahead of such an ... event," said John Briggs, head of strategy for the Americas at RBS, in a note to investors. Germany's DAX closed down 1.8 percent, France's CAC-40 fell 1.9 percent and the U.K.'s FTSE 100 fell 1.2 percent. Shares of professional social networking site LinkedIn soared $61.13, or 47 percent, to $192.21 after Microsoft announced it was purchasing the company for $26.2 billion in cash. Shares of Microsoft fell $1.34, or 2.6 percent, to $50.14 after the deal was announced. Twitter shares jumped as well, up 53 cents, or 4 percent, to $14.55 on speculation that LinkedIn's buyout could mean better buyout prospects for that social media service. Security software company Symantec jumped 91 cents, or 5 percent, to $18.21 after the company said it would purchase another security company, Blue Coat, for $4.6 billion. Blue Coat had plans to go public later this year. Symantec was the biggest gainer in the S&P 500. In currencies, the dollar fell to 106.21 yen from 106.79 yen. The dollar fell slightly against the euro to $1.1291 and rose slightly against the British pound to $1.423. U.S. crude fell 19 cents to $48.88 a barrel. Brent crude, the benchmark for international oil prices, fell 19 cents to $50.35 a barrel in London. Oil prices had reached 11-month highs in the last few days. In other energy commodities, heating oil was effectively unchanged at $1.515 a gallon, wholesale gasoline futures fell 2 cents to $1.536 a gallon and natural gas rose 3 cents to $2.585 per thousand cubic feet. In the metals markets, gold rose $11.00 to $1,286.90 an ounce, silver rose 11 cents to $17.44 an ounce and copper rose two cents to $2.054 a pound.

MARKET REPORT MONDAY, 13 JUNE 2016

t. 242.323.2330 | f. 242.323.2320 | www.bisxbahamas.com

BISX ALL SHARE INDEX: CLOSE 1,924.07 | CHG -0.05 | %CHG 0.00 | YTD 100.12 | YTD% 5.49 BISX LISTED & TRADED SECURITIES 52WK HI 3.30 17.43 9.09 3.50 4.70 0.18 8.34 8.25 5.80 10.60 15.50 2.57 1.60 5.80 7.55 11.00 7.30 6.90 12.25 11.00

52WK LOW 2.20 17.43 9.09 3.00 4.70 0.12 4.84 7.25 5.50 6.85 14.50 1.94 1.27 5.51 6.00 9.90 6.00 5.25 11.75 10.00

PREFERENCE SHARES 1000.00 1000.00 1000.00 1000.00

1000.00 1000.00 1000.00 1000.00

1.00 105.50 100.00 100.00 100.00 105.00 100.00 10.00 1.01

1.00 100.00 100.00 100.00 100.00 100.00 100.00 10.00 1.01

SECURITY AML Foods Limited APD Limited Bahamas Property Fund Bahamas Waste Bank of Bahamas Benchmark Cable Bahamas CIBC FirstCaribbean Bank Colina Holdings Commonwealth Bank Commonwealth Brewery Consolidated Water BDRs Doctor's Hospital Famguard Fidelity Bank Finco Focol ICD Utilities J. S. Johnson Premier Real Estate Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Commonwealth Bank Class E Commonwealth Bank Class J Commonwealth Bank Class K Commonwealth Bank Class L Commonwealth Bank Class M Commonwealth Bank Class N Fidelity Bank Class A Focol Class B

CORPORATE DEBT - (percentage pricing) 52WK HI 100.00 100.00 100.00

52WK LOW 100.00 100.00 100.00

SECURITY Fidelity Bank Note 17 (Series A) + Fidelity Bank Note 18 (Series E) + Fidelity Bank Note 22 (Series B) +

SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS FAM FBB FIN FCL ICD JSJ PRE

LAST CLOSE 3.30 15.85 9.09 3.50 5.22 0.12 6.70 8.20 5.70 10.60 14.50 2.70 1.50 5.80 7.55 9.90 7.30 6.36 11.93 10.00

CLOSE 3.30 15.85 9.09 3.50 5.22 0.12 6.70 8.20 5.70 10.60 14.50 2.64 1.50 5.80 7.55 9.90 7.30 6.36 11.93 10.00

CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

CAB6 CAB8 CAB9 CAB10 CHLA CBLE CBLJ CBLK CBLL CBLM CBLN FBBA FCLB

1000.00 1000.00 1000.00 1000.00 1.00 100.00 100.00 100.00 100.00 100.00 100.00 10.00 1.01

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

SYMBOL FBB17 FBB18 FBB22

LAST SALE 100.00 100.00 100.00

CLOSE 100.00 100.00 100.00

CHANGE 0.00 0.00 0.00

113.97 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

115.03 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

1.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

VOLUME 115

100

.

75

VOLUME

EPS$ 0.304 1.351 1.086 0.220 -1.134 0.000 0.185 0.551 0.508 0.541 0.528 0.094 0.166 0.510 0.612 0.960 0.628 0.703 0.756 0.000

DIV$ 0.090 1.000 0.000 0.160 0.000 0.000 0.187 0.260 0.200 0.360 0.610 0.060 0.040 0.240 0.275 0.000 0.270 0.120 0.640 0.000

P/E 10.9 11.7 8.4 15.9 N/M N/M 36.2 14.9 11.2 19.6 27.5 19.5 9.0 11.4 12.3 10.3 11.6 9.0 15.8 0.0

YIELD 2.73% 6.31% 0.00% 4.57% 0.00% 0.00% 2.79% 3.17% 3.51% 3.40% 4.21% 2.27% 2.67% 4.14% 3.64% 0.00% 3.70% 1.89% 5.36% 0.00%

0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

0.00% 0.00% 0.00% 0.00% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 6.25% 7.00% 6.50%

INTEREST 7.00% 6.00% Prime + 1.75%

MATURITY 19-Oct-2017 31-May-2018 19-Oct-2022

6.95% 4.00% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.25% 4.50% 6.25%

20-Nov-2029 15-Dec-2017 30-Jul-2018 16-Dec-2019 30-Jul-2020 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2018 26-Jun-2020 26-Jun-2022 26-Jun-2045

SPECIALIST Jay Woods works at his post on the floor of the New York Stock Exchange, yesterday. The U.S. Federal Reserve had been expected to start raising interest rates, but now appears likely to remain in a wait-and-see mode. (AP Photo)

BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.03 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

113.70 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Bahamas Note 6.95 (2029) BGS: 2014-12-3Y BGS: 2015-1-3Y BGS: 2014-12-5Y BGS: 2015-1-5Y BGS: 2014-12-7Y BGS: 2015-1-7Y BGS: 2014-12-30Y BGS: 2015-1-30Y BGS: 2015-6-3Y BGS: 2015-6-5Y BGS: 2015-6-7Y BGS: 2015-6-30Y

BAH29 BG0103 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330

MUTUAL FUNDS 52WK HI 1.97 3.82 1.91 160.64 138.35 1.43 1.64 1.53 1.05 6.67 8.16 5.81 10.66 10.12

52WK LOW 1.67 3.04 1.68 164.74 116.70 1.37 1.51 1.45 1.03 6.11 6.93 5.55 10.37 8.65

FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund FG Financial Preferred Income Fund FG Financial Growth Fund FG Financial Diversified Fund FG Financial Global USD Bond Fund Royal Fidelity Bahamas Opportunities Fund - Secured Balanced Fund Royal Fidelity Bahamas Opportunities Fund - Targeted Equity Fund Royal Fidelity Bahamas Opportunities Fund - Prime Income Fund Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 5 Royal Fidelity Int'l Fund - Equities Sub Fund

NAV 1.97 3.83 1.91 164.74 133.64 1.43 1.64 1.53 1.05 6.67 8.01 5.81 10.66 8.65

YTD% 12 MTH% 1.35% 4.06% 1.43% 6.57% 0.70% 3.23% 1.67% 5.13% 0.66% -3.41% 1.23% 3.88% 0.55% 8.17% 0.86% 5.37% 1.07% 1.61% -0.14% 9.15% -1.87% 15.62% 0.83% 4.82% 70.00% 2.80% -6.29% -13.65%

NAV Date 30-Apr-2016 30-Apr-2016 29-Apr-2016 31-Mar-2015 30-Sep-2015 30-Apr-2016 30-Apr-2016 30-Apr-2016 30-Apr-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016 29-Feb-2016

MARKET TERMS BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 52wk-Hi - Highest closing price in last 52 weeks 52wk-Low - Lowest closing price in last 52 weeks Previous Close - Previous day's weighted price for daily volume Today's Close - Current day's weighted price for daily volume Change - Change in closing price from day to day Daily Vol. - Number of total shares traded today DIV $ - Dividends per share paid in the last 12 months P/E - Closing price divided by the last 12 month earnings

YIELD - last 12 month dividends divided by closing price Bid $ - Buying price of Colina and Fidelity Ask $ - Selling price of Colina and fidelity Last Price - Last traded over-the-counter price Weekly Vol. - Trading volume of the prior week EPS $ - A company's reported earnings per share for the last 12 mths NAV - Net Asset Value N/M - Not Meaningful

TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-7525 | LENO 242-396-3225

WHERE HIT MUSIC LIVES W W W .

1 0 0 J A M Z

. C O M

@100JAMZ242

NOTICE

NOTICE is hereby given that NADEGE DALMOND of Apt. 16B, Rolle Ave., New Providence, Bahamas is applying to the Minister responsible for Nationality and Citizenship, for registration/ naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 14th day of June, 2016 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

THE TRIBUNE

Tuesday, June 14, 2016, PAGE 9

B O DY A N D M I N D

Bahamians promote awareness of little known chronic skin disease By ALESHA CADET

Tribune Features Reporter

acadet@tribunemedia.net

AS the United Kingdom last week observed Hidradenitis Suppurativa Awareness Week, here in the Bahamas persons from New Providence as well as the Family Islands wanted to do their part in shining a light on the painful chronic skin disease by sharing photos of themselves via social media wearing the colour blue, which is the official colour representing the condition. Hidradenitis suppurativa (HS) is the name of a chronic skin disease that is not well known and only rarely diagnosed, even though many suffer from it. According to the Mayo Clinic, HS is a chronic skin condition that features pea-sized to marble-sized lumps under the skin. The lumps associated with hidradenitis suppurativa are usually painful and may break open and drain foul-smelling pus. The disorder tends to start after puberty, persist for years and worsen over time. HS is most common on the underarms and groin. Living with HS since 2000, local businesswoman and health coach Sandena Neely continuously seeks to promote and acknowledge the importance of sharing information on this little known medical condition. To commemorate the awareness week locally, Ms Neely assisted in a social media informational campaign on Facebook, Instagram and Twitter and made

BAHAMIANS post photos wearing blue clothing in support of hidradenitis suppurativa awareness. make the condition reoccur, she added. “I have not been able to find concrete statistics in the Bahamas, however, I am aware of many persons that are suffering with this disease and seeking medical treatment locally and abroad. I feel that Bahamians should check their gut health; improper gut function is at the root cause of many prevalent illnesses, and promoting healthy gut flora can result in a healthier life,” she said. While there is no specific HS organisation in the Bahamas, to promote the cause, Ms Neely along with other team members are in communication with the Hidradenitis Suppu-

rativa Trust in the UK, as they are the official host of the HS Awareness Week. It is their plan to have an organisation and support group in place for 2017’s awareness week. “With this disease, education is key, so shining a light on this initiative is critical. The results of last year’s awareness week are astounding; persons from all backgrounds were able to find us and access helpful information and resources, and that is our goal – to shine the light in order that it may point persons in the right direction for hope and healing,” said Ms Neely.

Not all smoothies are created equal

skip the cow’s version and try rice, raw, almond or coconut milk. The less dairy, the better. Trade the tempting ice cream or sherbet for live yogurt. There are big differences in honey and peanut butter, too. Make sure both are organic (sorry, probably not the brands you came to love as a child), and the honey is best when produced fresh from a local hive. As for sweeteners, eschew whipped cream, Cool Whip, bottled or canned syrups, sugar or other sweetening powders. Stevia, which is natural, is on the good-to-use list. To get the most out of your smoothie, use high-quality protein powder, fresh fruit, vegetables or sprouts, steel oats, chia or flax seeds, raw nuts or nut butter and authentic Chinese herbs. “It may take a little extra work and a little getting used to,” said Dr Lightbourne, “but once you taste and experience the energy and well-being of the real thing, you won’t want to go back. You’ll know there’s a lot more to a smoothie than meets the eye.”

an appearance on a radio talk show on “Be Blue Day”, which was observed on Friday, June 10. “The social media campaign is unique because it draws direct attention to an invisible illness that many persons across a wide spectrum struggle with but never mention. Persons freely post their meals, their thoughts, their feelings, their relationship woes, their travel experiences on social media, however, there is nothing even remotely glamorous about hidradenitis suppurativa, and we thought it best to spark the conversation. The awareness and informational campaign on social media has encour-

aged a lot of persons to come forward and seek assistance and support,” Ms Neely told Tribune Health. She said the radio talk show offered a dynamic avenue because a wide cross section of the population had the opportunity to hear about HS, “and the beauty of radio is that it reaches a segment of persons who either may not frequent or be engaged with social media, so this was a great tool to use to raise awareness on the debilitating condition.” Ms Neely said the Be Blue Day was a fascinating experience for the second year in a row. “It was interesting to see persons posting their pictures with the hashtag

#bebluebahamas, and under one thread on Facebook someone commented that they were quickly checking Google to find out what HS was all about, and that is our desired effect. We want to spread the word on this disease that is more common than one would imagine. Education is everything with HS, and the more you know, the more help you can receive,” she said. Ms Neely said the war on HS, which many sufferers describe as a “hidden plague”, can be won. She has come to learn through her own experiences over the past few years that HS can be controlled. Poor diet and other factors can

By THE WELLNESS CLINIC NEWS about some smoothies is hard to swallow; not all whipped drinks are created equal, and some can be downright best left right where they are. That pretty store-bought juice you tossed into a blender along with nonorganic peanut butter, a touch of honey, a fistful of fresh fruit or veggies, scoop of ice cream or sherbet and a sprinkling of powder for strength, may make for a yummy breakfast drink, but if you think you are slurping it for your health, you may be in for a surprise. So says a well-known local doctor who notes that increasing studies are warning that not all smoothies are created equal. “The popularity of smoothies, not just as a refreshing drink but as a

MAKE sure the ingredients of your smoothie are indeed heathly.

DR Arlington Lightbourne of the Wellness Clinic

healthy substitute for a meal, has grown phenomenally in the last decade,” said Dr Arlington Lightbourne. “And as that popularity has increased, so has the explosion of stores, counters and kiosks specialising in the blended drink. To attract and maintain customers, it’s understandable

That doesn’t mean that all smoothies are bad, said Dr Lightbourne, of the Wellness Clinic, an integrated medicine practice on Collins Avenue. “There is a growing body of research revolving around the impact of the new drink-your-diet smoothie sensation,” he

that they want to sell beverages that taste good. But that good taste can come with a price, and in some cases that price is high. In fact, some smoothies the customer believes are good for them actually contain little protein and as much sugar and carbs that you‘d find in bags of candy.”

said. “It really boils down to what ingredients you use and often. As much fun as it is to hit a smoothie speciality shop and choose from so many flavours and combinations, your healthiest version of a smoothie is probably going to be the one you make at home.” What separates the icy drink you sip that is just fun and may very well be fattening from the one that actually is as healthy for you as it appears? It’s all about the ingredients, according to Dr Lightbourne. Starting with the base, use a freshly squeezedby-hand (not juiced) fruit or vegetable juice rather than a store-bought juice in a can or bottle, which could be little more than flavoured sugar water. When squeezing, leave as much skin or pulp as possible, as that’s where the healthiest ingredients and necessary fibre exist. If adding milk,

Chew on this: healthy foods for healthy teeth

ries. Vitamin-rich foods need to be added to our food list because they keep tooth enamel strong.

Brush. Floss. Rinse. Repeat!

Raisins

By now we all know the major steps in maintaining our dental health, these being brushing twice a day, flossing at least once daily, regular visits to your dentist and avoiding certain sugary and acidic foods. While avoiding certain foods is good, adding certain foods to your diet can also help promote oral health. Our oral health is one of the first areas to decline if our diets are less than ideal. Eating tooth friendly foods can now be incorporated into your daily dental care routine.

Cheese Cheese not only tastes good but is also good for your teeth. It has been reported that eating cheese raises the ph level in an individual’s mouth, therefore lowering

Dr Tamika Ferguson their risk of tooth decay. Cheese also contains calcium and protein which are nutrients that strengthen the tooth enamel.

Crunchy fruits and vegetables The amount of saliva production in the mouth is very impor-

tant. An increase in saliva production can create a more alkaline environment which is preferred over an acidic one. The action of eating crunchy fruits and vegetables increases your saliva production, rinsing away bacteria and food particles. Certain fruits such as apples are good for your mouth because they are high in fibre and water. Further, carrots are not only crunchy and full of fibre, but contain vitamin A. Celery is another crunchy vegetable that is recommended. It contains vitamins A and C which help promote the health of your gums. It takes a lot of chewing to break down these foods, but it is worth it because they disturb plaque on the teeth and act as a way to cleanse the mouth.

Yogurt In order for caries to form, bacteria has to be present. It is im-

portant to decrease the amount of bad bacteria in the mouth and increase the amount of beneficial bacteria. The beneficial bacteria found in yogurt crowds out bacteria that can cause decay. Yogurt is also high in calcium and protein which makes it an easy pick to add on the list of tooth-friendly foods. The best type of yogurt to purchase is one with no added sugar.

Vitamin-rich foods Foods such as leafy greens and almonds should not be a surprise because they usually are on many healthy food lists. These foods are great for your teeth because they are a good source of calcium. Foods rich in calcium and phosphorus can help deposit minerals back into tiny lesions on the tooth caused by acidic foods. Leafy greens, for example kale and spinach, are full of vitamins and minerals while being low in calo-

I know what most of you are thinking, how is it possible for a sweet, sticky snack to promote oral health. Well, raisins contain phytochemicals which fight bacteria causing cavities and gum disease. One of the phytochemicals found in raisins is oleanolic acid which inhibits the growth of two types of oral bacteria: S. mutans and P. gingivalis, which can cause caries and periodontal disease respectively. When it comes to our teeth, we really are what we eat. So let’s try to incorporate cheese, crunchy fruits and vegetables, yogurt, vitamin-rich foods and raisins into our diets. By managing to eat some of the above listed food and continuing with your daily proper oral care routine, a healthy mouth is guaranteed. Take a bite into these tooth-friendly foods and maintain your oral health!

PAGE 10, Tuesday, June 14, 2016

THE TRIBUNE

MEMBERS of the Bahamas Sickle Cell Association during a walkathon.

A deeper look into sickle cell disease in the Bahamas By JEFFARAH GIBSON Tribune Features Writer jgibson@tribunemedia.net THE Bahamas Sickle Cell Association will take a more in-depth look at a group of genetically passed down blood disorders during a special forum tomorrow. “A Deeper Look Into Sickle Cell Disease: Exploring the Different Forms of Sickle Cell Disease” is the name of the forum to be held at J Whitney Pinder Building on First Terrace and Collins Avenue, starting at 6.30pm. The general public is invited to attend,

especially persons with sickle cell disease, as well as parents, teachers, caregivers, healthcare providers of those with the condition. The forum will feature a panel of persons that have different forms of the disease, as well as Dr Patrick Roberts, founder of the Bahamas Sickle Cell Association (BSCA). The panel will discuss their experiences with the disease and Dr Roberts will define the different forms of sickle cell anaemia and answer questions from the audience. BSCA hosts quarterly educational forums to not

only raise awareness about the disease, but also to educate the public about what sickle cell really is. “There is a general lack of knowledge about the disease and we wish to host this forum amongst many others to educate and eradicate,” said Dianelle Ferguson, member of the association. Persons attending the forum will be exposed to information about what it truly means to live with sickle cell disease and also get a deeper understanding of what the disease really is in terms of symptoms, effects, and treatments.

According to the association, the last poll conducted in 1987 revealed that one in 100 suffer from the disease and one in 400 has the sickle cell trait. A registry will be introduced to the general public shortly so that critical data can be collected and continuously updated. The registry will be a source for the association to petition stakeholders to support persons affected by sickle cell disease. Currently, there is no available cure for sickle cell in the Bahamas, Ms Ferguson told Tribune Health. “There have been a few cases in the United States

where there was the successful eradication of sickle cell disease through a bone marrow transplant. This form of treatment means having to find a particular donor match and it is very costly,” she said. Persons are advised to seek professional help to receive treatments. Pain medications, oxygen and blood transfusions are a few forms of treatments that are administered by health professionals locally. “We want the public to know that sickle cell disease is very serious, lifelong illness that affects a significant number of our

Do you know what you are aiming for? WE’VE all heard the saying about shooting for the stars, and even if you missed, you would at least land on the moon. I think it’s a good idea to shoot for the stars in terms of the kind of life you want to live. But before you can even shoot for anything you must know what it is you are aiming for. You can only achieve that which you are aiming for. Meaning that you must set a specific aim before you can achieve any specific result. In a popular graduation song, “Do You Know Where You’re Going To”, Diana Ross gives us reason to reassess the direction of our lives. Then, you have the thought-provoking quote from James Allen in which he said that “aimlessness is a vice”. Knowing where you are going and setting an aim are both essential if you do not want to just drift through life. No doubt, having no declared direction or objectives renders you vulnerable to some depressing encounters. Let me reiterate ,you can only achieve that which you are aiming for.

Michelle Miller Motivationals

Michelle M Miller You are responsible for where you want your life to go. You must be willing to invest the time and effort to materialise the life you want to live. While this all may sound peachy, the reality is that many fall short of living an empowered life because they have no set aim and are not focused enough to make it happen.

The bigger truth here that must be clearly understood is that whether you have a specific aim or not, you are still aiming at something. The latter is a more random approach to living. Let’s also recognise there are some universal laws of life that cannot be denied. They don’t play favourites and they affect everyone, whether people believe in them or not. One such law is the law of attraction,which states that you get what you focus on or give your consistent attention towards, whether you want it or not. This means by not having any specific aim you unknowingly aim towards ‘whatever’. If you aim for “whatever”, you will live a “whatever” kind of life. This is like saying, which states: “If you stand for nothing, you will fall for anything.” Those who live an empowered life understand they must stand for something and they place high value on the currency of their attention. Spending the bulk of it building the life they want to live.

Until you become the financial controller of the currency of your attention, you will continue to invest your time and effort aimlessly. This is the chief reason why so many are unable to take their levels to an improved state. They spend their precious attention doing things that add no real value to their personal growth. Just look at the endless hours spent glued to the radio and television or those many lost hours steeped in social media. Despite their persistent complaints about their situations, time after time, they squander the currency of their attention without any real improvement in their situations. An improved outcome is achieved when you set an aim towards the development of your inner self. Nobody becomes great without focus, without paying the price of time and effort. Fail to pay such a price and you will fail to enjoy the prize of an empowered life. Bottom line is you can live empowered or disempowered. While the choice is yours, those who live disempowered are often

My toxic emotions – Part II: Anger I BELIEVE that many people have heard, in one circle or another, that anger can be harmful to one’s health. This is true, but there are a few things we have to remember regarding anger. First, anger is a necessary emotion; it serves a purpose. Second, not all anger was created equal. But whether throwing a fit of rage, or quietly seething, damage can be inflicted. When a person becomes angry, a few physiological processes happen. The main players include the amygdala, frontal cortex and adrenal glands. Our amygdala plays a significant role in memory and emotions in the brain. It sits just below the frontal cortex, which involves problem solving, behaviour, voluntary movement, memory, decision making, and houses the “conscience”. When we become angry, increased blood flows to the frontal cortex, which can cloud judgement. The amygdala allows us to respond to perceived emotional stressors and danger within milliseconds. One of the effects of the amygdala’s activity is the stimulation of the adrenal glands. These small, triangular glands sit on top of each kidney, and release the “stress hormones” – adrenaline and cortisol – that initiate our

Dr Monique Thompson well-known “fight or flight” response. When angry, our blood pressure and heart rate increases ensuring that sufficient oxygen gets to our essential organs; changes in our lungs allow us to obtain more oxygen; our body conserves energy by shutting down our digestive system so that we can have the stamina for more important tasks, and our pupils dilate so that we can let in more light and sharpen our vision. And although one’s judgement may be affected by increased blood flowing to the frontal cortex, adrenaline also improves memory, mental alertness and cognitive function which leads to, despite popular belief,

better decision-making. When upset, people may also experience an energy boost. For example, when a woman finds out in the middle of the night that her husband is having an affair, in anger, she has the wherewithal to hide the car keys and the sudden energy needed to rid the house of all of his belongings before his friend can pick him up. This can be attributed to the effects of both cortisol and adrenaline. Cortisol allows glucose to enter and remain in our bloodstream, which is a source of energy. If you are upset or frightened, or threatened and need to fight for survival, all these adaptations are life-saving. However, too much of anything can be harmful. When you hear “anger and health”, you are probably not thinking “fight or flight” response, right? I believe most people think of heart attacks and strokes as a result of anger. This is completely understandable because most studies that have been done on the effects of anger on health revolve around the cardiovascular system. With all the research, the bottom line is that the angrier you are, the more at risk you are for suffering from heart disease, which includes heart attacks and strokes. When upset, blood pressure goes up, arterial tension increases,

fatty acids initially circulating in the bloodstream to provide the body with energy gradually begin to clog arteries leading to a condition known as atherosclerosis. If you have pre-existing heart issues like atherosclerosis or angina, or a history of a heart attack or stroke, and struggle with anger issues, learning to manage it will prove beneficial, even life-saving to you. I want to digress a bit and mention that the list of why people may always seem angry can be endless. From work related stress, to a history of abuse, financial strain, or a less thought of reason, heavy metal toxicity. The “mad hatter”, brought on by mercury toxicity is a very real issue that individuals with chronic mercury poisoning can experience. It is characterised by emotional instability, which can be manifested as a lack of self-control, or fits of anger, with violent, irrational behaviour. Because mercury has an affinity for the nervous system and can affect the brain, other symptoms of toxicity include personality changes (irritability, shyness, nervousness), tremors, constriction or narrowing of the visual field, deafness, muscle incoordination, loss of sensation, difficulties with memory, inability to concentrate, lethargy/drowsiness, insomnia, men-

population. We want the Bahamian public to know that we are committed to ensuring that individuals and families affected by this disease have a body willing to advocate for their needs and to offer support in any way we can. Education on the subject of sickle cell disease and the options available for support and treatment is one of our main platforms,” she said. For more information, contact bahamassicklecell@gmail.com, or visit the association’s Facebook page or website at www.bahamassicklecell.org.

without a strong belief in their own ability. Their sense of fear keeps them prisoners to the status quo; too afraid to colour outside the lines or risk doing something that has never been done. The great Italian painter, sculptor and architect Michelangelo once said: “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.” Leader to leader, as Michelangelo advises, don’t just aim, but aim high. Recognise that you are the archer of your life. You hold the bow and you are responsible for shooting your arrows where you desire them to go. Find the audacity to aim towards a life you can be proud of. Knowing what you are aiming for is a major step towards living an empowered life. Yes, you can do it. What do you think? Please send your comments to coaching242@ yahoo.com or 429-6770. • Michelle M Miller is a certified life coach, communication and leadership expert. Visit www.michellemmiller.com; mail can be sent to PO Box CB-13060. tal depression, manic depression, despondency, withdrawal, suicidal tendencies, loss of self-confidence, indecision, and an exaggerated response to stimuli. I know, right! Who would’ve thought? The more common immediate effects of anger include increased heart rate, tense muscles, and headache. In my example last week, I believe the headache I experienced was from increased blood pressure. In the long run, however, and sometimes in the short term, the body’s automatic response to anger can weaken the immune system and lead to several other health problems including indigestion, insomnia, anxiety (especially as it relates to the amygdala and hippocampus), depression, acne, eczema, and migraines. From an emotional standpoint, in the long run, anger can breed hostility, contempt and bitterness, and other toxic emotions. This is where avoidance and anger management become so crucial – solutions and protective factors that we must explore. • Dr Monique Thompson is the founder of Cornerstone Healing Institute, an integrative family medicine clinic, and can be contacted at 356-0083 with any questions/comments. Visit www.chibahamas.com for more information. This article is not intended to diagnose or treat any medical condition.

THE TRIBUNE

Tuesday, Tuesday, June June 14, 14, 2016, 2016, PAGE PAGE 1111

Fashion students gear up for Miss Bahamas Contest By HADASSAH HALL

F

or the second consecutive year, fashion design students and alumni of the Bahamas Technical and Vocational Institution (BTVI) will be creating designs for the Miss Bahamas Organisation’s (MBO) Top Model and Designer showcase competition. Last year’s winning piece was a dramatic, avant-garde evening gown created by Trineil Hanna. The strikingly beautiful yellow dress incorporated a myriad of Bahamian motifs, from branches to flowers, beads, straw, butterflies and birds. This year’s theme is “I am Every Woman”, augmented by a sentiment expressed in lyrics by American singer/songwriter India Arie: “I am not my hair, I am not my skin, I am the soul that lives within.’ “We want to focus on the things that make a woman truly beautiful,” said MBO’s Vice President of Corporate Sponsorship and Media Relations Jerome Sawyer. “We want young ladies to appreciate those things about themselves that show true beauty.” Ten contestants are vying for the Miss Bahamas title, with the winner also representing the country at the Miss World pageant. The Top Model and Designer showcase, in addition to the swimsuit contest, will be held on July 11 at the Meliá Nassau Beach Resort, beginning at 4pm. There will be the 10 contestants, along with three former queens including Miss Commonwealth Bahamas 1995 Loleta

THE 2015 Top Designer winning pieces by BTVI students, from left to right: Sienna Evans, in the winning outfit by BTVI 2006 graduate Trineil Hanna; Darronique Young, in a fitted gown designed by current student Delano Marc, who placed second, and Toria Penn in the three-piece ensemble created by 2010 BTVI graduate Myrlande Julien. This gown piece third in the Top Designer showcase. Photos/AARON DAVIS

Smith-Dixon, Miss Commonwealth Bahamas 1993 Jacinda Sadye Francis and LaTeasha Ingraham-Lord, who represented the Bahamas at the Miss World 1998 pageant. There will be 20 BTVI competitors in the Top Designer Competition. They will be paired up to create garments for the contestants. Mr Sawyer, who has been with MBO since its inception 11 years ago, said the organisation approached BTVI again because it believes in building partnerships with Bahamian institutions. “We wanted to continue to build the relationship and the success of last year. Our contestants enjoyed the experience

as did we, and we saw how much the designers enjoyed the competition last year as well,” he said. BTVI’s Associate Vice President of Fund Development Alicia Thompson said the invitation to partner with MBO for the second consecutive year signifies the value which the organisation has placed on the relationship. “Our instructors, students and alumni are all very talented, capable individuals who are seeking an opportunity to have their work showcased. The calibre of their workmanship is commendable, and they are able to produce the finest pieces while using the most basic tools,” said Ms Thompson. “It is hoped that the added

exposure received from our collaboration with MBO will generate a higher level of interest in BTVI, especially the fashion trades department. It is also hoped that with that interest BTVI will attract individuals and corporate sponsors who are willing to provide scholarships and or funding to assist with the development of the department.” Also on board again is Commonwealth Fabrics, which will be providing each designer with an $80 sponsorship to assist with material and notions. Meanwhile, fashion student Stephanie Thomas considers participating in the competition as a means to showcase her creativity. “I expect to gain a little exposure and to build my clientele. I’m mostly excited about designing for the models because they’re going to want a next garment when I’m done with the first one,” she said. “I plan to blow them away!” As the competition heats up, Kirkwood Deal also expressed enthusiasm, declaring that beyond the experience, he wants to take home the 2016 designer showcase title. “I really want to be the winner because I want my design to go off with the queen. I want to get on that big screen. I want to be out there. I want my name to be big. I’m excited about just being given the opportunity to design an outfit for a contestant. I’m also on edge and a little nervous, but it causes me to do a better job because I work best under pressure,” he said. Additionally this year, a

reality television show is being incorporated, which will give BTVI’s fashion students further exposure. The show was created by MBO President Michelle Malcolm and called “The Road to the Crown”. Mr Sawyer said the organisation realises its audience is changing. “Reality TV shows are increasingly popular with audiences around the world. We thought this would be a great way of getting the Bahamian audience more involved in choosing their Miss Bahamas. A new Miss Bahamas app, now in development, will allow for an interactive experience, where audience members vote to keep their favourite contestant in the running each week,” he explained. The show will expose audiences to the challenges involved in becoming Miss Bahamas, with one episode dedicated to the pageant’s contestants interacting with BTVI fashion students. It will give a behind the scenes look at pageant life, with the hopes of building a greater appreciation for the road travelled towards the crown. Prominently featured in the reality TV show will be Mission Catwalk Season 3 winner Theodore Elyett, who has joined MBO as contestants manager. “We think that he is ideal for his role in working with the designers,” said Mr Sawyer. “He can offer expert advice on designing in a competition and tips on how to make designs come to life.” The realty TV premieres tonight on Cable 12 at 8pm.

Preparing for your maternity photos MATERNITY photos are a beautiful way to celebrate and remember an amazing part of your life, and it’s becoming the norm, as common in pregnancy as the baby shower. Maternity photos are about embracing who the mom is, and finding creative and unique ways to capture this important milestone. Quite a bit of planning is involved when choosing to do a maternity photo shoot. There are many details to work through that go well beyond selecting a photographer. Here are a few things to consider when preparing for your maternity photo shoot:

Bun In The Oven

beginning of your third. • Look online for inspiration. Pinterest is a great resource for ideas when choosing what look you want to create. You can select a few photos that you like and pick parts of each to create your own. • Discuss your wardrobe and ideas with your photographer in advance. The lighting is a very important factor in taking photos, so the time of day for your shoot is essential. Wardrobe is also important in creating the image that you hope for, and the photographer will give you guidance on some options that will work best. • Be yourself. You want your maternity photos to embody your personality, and style that is uniquely yours. You don’t want photos that will become memo-

ries that last forever to not represent who you are, and the moment that you’re at in life. Have fun and let your personality show. The best images are the ones that show your true self.

• The photographer is a really big decision. You want to choose someone that is open to your ide-

as and theme of the shoot. Pick someone with a photography style that you like, and someone that

The gender equality referendum failed

dum. It had nothing to do with their cultural reality. They do not know anyone who would marry a foreign man or move to a foreign country to have children. Obviously, there was no connection between the high-flying bills that would make changes to laws that do not obviously affect the lives of 95 per cent of the population, according to their understanding. In their lives, mothers own their children. They do not share that with fathers because the fathers are not there. We are talking about a sector of society that functions as a matriarchy. They do not marry, they are limited in their level of education and they have not experienced the world outside of New Providence. These are the people who care little if Albany leaves New Providence because it is too far for them to care about. They may be exposed to cable television, but their diet is limited to “Bad Girls Club”, VH1 and a few soap operas. Many folks have never been to a Family Island, except perhaps for a regatta, and worse, have never even been to Miami. We seem to expect to the country to function as a first-world nation built on seriously under-developed education and poor social development. The lack of true or good governance has continued to undermine the success of the democracy. Government seems to have missed this reality completely and tried to build a mansion on shifting sands of poor education, misogyny and a fundamentally controlled group filled with hatred who hold no desire to progress beyond what they know because we have taught them to be thus.

AS violence in our society explodes – three more have been murdered in less then 48 hours – it seems that we are content to allow people to be murdered based on their social standing. We are also happy to continue to not give people equal access to legal rights. We find ourselves as society absolutely divided and irreparably fragmented so that anything that happens is questioned on the grounds of its origin. Government is viewed as untrustworthy and so anything they present, even when it is in the benefit of the nation and not just the state, tends to be struck down. The fact that political bipartisanism is absent from any discussion or lived experience acts as a stumbling bloc to national progress. The party loyalty stops the country from surviving. Government neutrality must be maintained. In part, perceived government bias also helped to distance the electorate from voting for equal access to legal rights. In the administration of any country, especially in this governance context, government must be perceived as being neutral. Even when government has a proverbial horse in the race, they must not big up their own horse They cannot be seen or appear to be acting in the interest of any one party over any other party. They must therefore never back one argument over another. Their empowering of the “Yes” campaign served to undermine the energy, if there had been any to the “Yes” vote. It created an appearance of bias and so undermined the demo-

Bianca Carter

Dr Ian Bethell-Bennett cratic process. The process towards the referendum was terribly flawed. There was a horrible lack of explanation and public awareness building prior to the real crux of the battle that ensued. The battle really roared over what was not being discussed and what was not on the ballots as apposed to what was. Everything in the public sphere began to turn on the suspicion that government was trying to fool the public. Of course, much of this was founded in the lack of trust established through the disaster of the last referendum that was really an opinion poll, but the public was not made adequately aware of this. When the public stated their preference for gaming to remain illegal, which was ignored by the government that chose to legalise numbers. The government thereby chose to ignore the public’s voice. This leads to a lack of public trust. The role of the government and/or the commission in edu-

you can feel comfortable with. You will need to be relaxed and comfortable with your photographer. • Decide on a look for your photo shoot. It doesn’t have to be set in stone, but you do want a few ideas that you’d like to try. For example, do you want black and white, more monotone photos, or do you want to make it fun with lots of colour. You don’t have to stick with just one, but it’s good to have ideas you want to work from. • Choose when you want to take photos, and make an appointment around that time. Many women are tired, fatigued, and swollen towards the end, in the last few weeks of pregnancy, so you may want to do it in the later part of your second trimester or the very

cating the public was far too limited. It should have been more far reaching and provided wider participation on the community level that was not limited to members of the commission. Better efforts to explaining the language of the intended amendments needed to have been made. The language of the bills was extremely confused and horribly impenetrable. This served to create an even less open appearance and further created mistrust. We have become so mired in politics that we cannot seem to understand that referenda are not political. When this matter was bought to the public in 2002 it was used, once again, as a political weapon to show the government that they were not in charge. Given that the last time this was raised the then prime minister stated that whomever won the referendum would win the general election. The people rejected that completely and given the nontransparent nature of the subject matter itself, the whole thing was rejected. The bad taste from the current government’s withdrawal of its support for the referendum has remained. The reality of the sell-out, as the people see it, continues to undermine the public trust. The government’s push to back the “Yes” came far too late. The damage to the electoral process was completed years ago. Flawed communication and the appearance that this was a PLP thing also undermined the entire process. When the results did not come in until well after the fact,

Youth minister encourages aspiring authors to “Write That Book” From pg B12 given purpose, to equip them with strategies needed to becoming 21st century agents of change, and to coach them persons to write and publish their first book. “I recognised that I at-

tracted many individuals that requested information on how to write and publish a book. I believe that the majority or our population aspires to write at least one book, whether it might be about their life experiences, career experiences, a manu-

al, a fiction or a novel,” she said. Ms Archer said too many times people make excuses for themselves as to why they never finished a book they started; these excuses range from lack of finances or resources to lack of inspi-

this also helped to show the public that their distrust of government was warranted. Moreover, the party chairman should have at no time become involved in the referendum process. He had no authority in calling the vote a defeat as that was the job of the leader of government. The leader of government is not the leader of the party. The lack of transparency from the Parliamentary Registrar has furthered the idea that the process is flawed and that something rotten was afoot. One thing we are fully aware of is that the system is misogynist. Many men and women, too, argued that they did not support women having equitable access to legal rights as men. They felt and saw nothing wrong with expressing it publicly that Bahamian women who marry foreign men should be sent to their husbands’ homes and not be allowed to pass on their citizenship in the same way married Bahamian men could. Further revelatory was that there were obvious pockets of votes in favour of giving women with access to legal equity. Many of these were not revealed until days after the vote had been counted and were never announced on radio. This worked to further shroud the entire process in nontransparent party politics with an intent to fool the voting public. Those “Yes” areas also served to illuminate that most folks in this great Bahamaland did not see themselves in any way as being affected by this referen-

ration. And this was why she hosted “Write That Book” last Saturday, she said. Ms Archer said she wants the event to have a ripple effect in the country so that other people are encouraged to stop procrastinating and pursue their dreams, whether it’s writing a book or starting their own business. “This is the first time this

Love and hugs! • Bianca Carter is a certified lactation counsellor and founder of Bun in the Oven. For more information, e-mail her at info@babybunintheoven.com. Follow BITO on Facebook at babybunintheoven, and check out the BITO Blog every Monday and Thursday at http://babybunintheoven.com.

event is being held, but based on the demand, we will be hosting a part two before the year is out. The late Dr Myles Munroe is my inspiration to host this event. A message he made about two years ago that said everyone should write at least one book before they die, because in doing so it will be preserving their legacy for generations to come. We can see that even

though he has passed, his legacy is still alive through his books and his teachings, and even after we have passed it will still be here,” she said. “I see this event blossoming in the near future because I have discovered that sometimes in life all people need is inspiration, information and a coach to simply tell them they can do it or not to give up.”