07072023 BUSINESS

Atlantis braces for $14m hit from BPL’s fuel hike

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

atlantis is predicting it will take a $14m hit this year from Bahamas Power & light’s (BPl) hiked fuel charges but remains hopeful this will be minimised by higher visitor spend and room rates.

vaughn Roberts, the Paradise Island resort’s senior vice-president of government affairs and special projects, told Tribune Business that management is “paying close attention” to energy costs and multiple expense lines given the continued pressures exerted by “local and international inflation.

Describing BPl’s cost increases as “very significant”, with atlantis also

having to “adjust wages to market conditions” and incorporate a minimum wage rise that took effect on new Year’s day, he added that the resort industry had “lobbied as hard as we could” for an alternative to address the state-owned energy monopoly’s fuel charge under-recovery but without success.

“we have estimated the fuel charge impact to us is $14m on an annual basis,” mr Roberts told this newspaper. “It’s definitely a real cost, but we lobbied as hard as we could as an industry. I guess there was nothing that can be done....

“obviously we pay close attention to cost increases. the BPl increase is very significant for us. there’s an upcoming national Insurance Board (nIB) [contribution rate] increase. all these things add cost, and we’ve had to adjust wages to market conditions, but on food supplies and operating costs, because we’ve had such strong growth in aDR (average daily room rate) and spend per occupied room, the business has been able to absorb some of these cost increases.”

the $14m hit to atlantis’ electricity costs give an insight into the fill economic

Boat registration fee hikes ‘not a tax Grab’

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

the significant hikes in boat registration fees are not designed “as a tax grab”, the new Providence Port authority’s chairman asserted yesterday, adding that the new regime will be a “game changer” for compliance and competitiveness.

tavares laRoda told Tribune Business that the increases to fees that have not been adjusted for two decades were designed to try and catch up with, but not exceed, inflation that has occurred over that period as the Government seeks to incentivise more boat owners to register their vessels in the Bahamas.

outlining the Davis administration’s strategy, amid major social media outcry over both the first-time and annual registration fee increases, he argued that the hike in the former category was more than offset by the elimination of an effective 20 percent tax rate on boat owners importing

Brewery wins $1.156m Business Licence fight

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

Commonwealth Brewery says it has “successfully challenged” a $1.156m tax demand from the Government and is now awaiting the authorities’ next move.

the vertically-integrated, BISX-listed brewer, wholesaler and retailer detailed its arbitration win over disputed Business licence fees relating to stock transfers between different group entities in its just-released 2022 annual report.

as of December 31, 2022, Commonwealth Brewery and its group of companies were contingently liable to the Department of Inland Revenue upon assessment of intra-company stock transfers between its subsidiaries for Business licence purposes,” management informed shareholders during an analysis of its 2022 annual results.

“the group was assessed $596,003 in 2016 and $560,403 in 2017, which required the issuance of a bank guarantee. the company successfully challenged the matter in arbitration and is currently awaiting further response by the Government of the Bahamas.” this effectively means that the ball is in the Government’s court, and itself - along with the Department of Inland Revenue - must make the next move.

no further details were provided on the arbitration proceedings, and it appears likely that the bank guarantee was required to provide the Government

Gov’ts ‘too lenient’ over tax-dodging supporters

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

PRevIouS administrations have been “too lenient” on tax dodging supporters, a small business adviser has asserted, while warning: “the Government ain’t playing around no more.” mark a turnquest, the 242 Small Business association’s founder, told Tribune Business in a recent interview that several of his clients were moving to either settle or negotiate payment plans for tax arrears after the Government unveiled several enforcement strat-

impact of BPl’s fuel charge hikes as they hit their peak increase compared to october 2022 - the last month before they began their phased rise. Between June and august 2023, BPl’s

fuel charge is scheduled to be some 163 percent above october 2022 levels, which means it has more than doubled just when summer consumption is at its peak

north a ndros hoteL hopes for 85% regatta retention

By FAy S I mmoNS Tribune Business Reporter jsimmons@tribunemedia.net

a noRth anDRoS hotel yesterday voiced hope that “at least 85 percent” of visitors scheduled to attend this weekend’s postponed homecoming will still come out when it is held later this month.

neliscia Burrows, the Conch Sand hotel’s general manager, told tribune Business that the sector was hoping losses will be minimal after the all andros and Berry Islands homecoming Jubilee Celebration was postponed due to the

loss of Bahamas Power & light (BPl) electricity supply in the blaze that destroyed the utility’s generation assets.

She said: “I would hope that the majority of the people would still come out to the regatta. Because I know, like all of the hotel owners, the taxi cab drivers, the airlines, people who have local restaurants, bars, the fishermen.. everybody’s impacted by the regatta.”

“this is the busy season for north andros, so I would hope that at least 85 percent of those people would still come out and look forward to having

egies targeted at vat, real property tax and Business licence non-compliance. while the tax authorities have yet to be “overly aggressive” in demanding what is due, he disclosed he is advising them to be “honest, open and lay everything on the table” regarding sums owed, ability to pay and their company’s current circumstances when talking to the Department of Revenue (DIR) and mr turnquest also disclosed to this newspaper that he is warning

with certainty that the tax liability would be paid if it was successful. the guarantee was said to have been “issued pending the outcome of arbitration” and “the matter is still pending as of the date of issuance”.

elsewhere, the BISXlisted brewer warned that cost increases and inflation generally will continue to challenge margins, profits and its overall business.

“2023 will be another challenging year, as we will continue to face higher costs and inflation across our operations. we will address these challenges by leveraging our commercial programmes, tools and capabilities, while maintaining investments and our objective of driving sustainable, profitable growth,”

it added.

Julian Francis,

Commonwealth Brewery’s chairman, and a former Central Bank governor, said 2022 saw the company generate its highestever revenues since it became a public company in 2011.

“the 15.6 percent improvement in Commonwealth Brewery’s gross revenue to $135m exceeded the company’s 2018 performance, which had been the highest since the company’s public debut in 2011,” he told investors.

“the result reflects the Bahamas’ underlying economic expansion as well as Commonwealth Brewery’s ability to maintain a commanding position in the beverage sector, which is impressive considering the number of significant

* Hopes rate, visitor spend rise will offset

Some $300m-$400m upgrades since ‘17

Seeks savings on $100m Beach Towers

AtlAntis senior vice-president of government affairs and special projects Vaughn Roberts.

* Port chair: New regime to boost competitiveness

Model Bahamian business that is a corporate ‘beacon’

As we approach the much-anticipated 50th anniversary of our nation’s independence, I pause to reflect on a model Bahamian business that has become a mainstay and beacon within our private sector.

Mortimer Candies has been a landmark in the ‘Over The Hill’ community since 1928. The business was started by Ulric Mortimer senior, who first learned to make candies from his mother when he was a child. He was motivated to set up a manufacturing company to provide jobs for young black children in his

community. After attending candy college in the Us, he first opened his doors on Hospital Lane and, as his business became better known, moved to the location on east street where Mortimer Candies is today, trading under the name of ‘The Best ever Candy Company’.

Mortimer Candies is best known for the mints that made it famous, but it also makes and sells other types of candy, as well as fudge and traditional Bahamian treats. while the manufacturing process is partially automated, many of the candies are made by hand, and the old equipment and

recipes used by Ulric Mortimer are still employed today.

Mortimer Candies, one of the few manufacturing companies in The Bahamas, is family-owned and operated, and has been for generations.

After many years, it remains a “sweet Bahamian tradition”.

My reflection on this business today is three-fold:

1. Mortimer’s Candy Kitchen is a good example of succession in business. without knowing the back story or challenges that may have arisen in turning the business over to the second,

and now third, generation of Mortimers, the fact that they have maintained their presence for nearly one full century is a good tribute to families working together to establish a brand’s legacy.

2. Mortimer’s Candy Kitchen is a good example of a local community business that has maintained its cultural authenticity. From then to now, Mortimers provides true Bahamian treats for the community that accurately represent our appetisers, drinks and desserts.

3. Mortimer’s Candy Kitchen represents a model

family-owned small business that has been able to overcome racial discrimination, navigate a global pandemic and still maintain relevance in our changing environment. while the company has retained on its main menu long-standing staple items, we have also seen an important product evolution that has positively impacted their sales.

Kudos to Mortimer’s Candy Kitchen for demonstrating the power and value of small businesses in our local economy. we are looking forward to many more years of enjoying these sweet treats.

• NB: Ian R Ferguson is a talent management and organisational development consultant, having completed graduate studies with regional and international universities. He has served organisations, both locally and globally, providing relevant solutions to their business growth and development issues. He may be contacted at tcconsultants@ coralwave.com.

Moving The Baha M as froM ‘good’ To ‘greaT’ aT 50 years

By HUBERT EDWARDS

sOMe observers refer to

The Bahamas as the “greatest little country in the world”. Others have used variations on this theme. An objective and honest assessment, taking into account all the circumstances facing The Bahamas, should readily lead to a conclusion that this is largely an aspirational statement. However, I believe there is no reason why this need remain so. From an economic and social development perspective, I am convinced

The Bahamas has had, and continues to have, the potential to more significantly outpace others in the Caribbean and match much larger countries around the world stride for stride.

I have always argued that the use of the word “little” in the above expression should be excluded. As an aspirational outlook, focusing on size is, in my view, limiting. The Bahamas has the potential to be truly one of the “greatest countries in

the world”. Despite the current challenges, its standard of living and economic performance are far ahead of much of the Caribbean, but the country is underperforming its potential. This reality is part of the challenge faced in being recognised as one of the great countries of the world. As a country with full self-determination, The Bahamas has been “good” and, in many instances, “very good”. Yet as a collective, having regard for actual actions, or lack thereof; actual

decisions or lack thereof; actual outcomes tolerated; and actual state of affairs – primarily economic and social – we have seemingly not yet made the collective commitment to transition to “great”.

In other words, The Bahamas’ good fortune over the years may have acted as a brake on the momentum necessary to achieving its economic potential.

By way of example and contrast, when singapore began its journey to become one of the greatest countries on the planet, it could not have been described as even a ‘near average’ country. with its unique challenges of racial tensions and, at the time, serious underdevelopment by the British, its future prospects of being anything better were beyond negligible. singapore has proven that, with an intentional strategy, a national consensus and leadership at all levels of society committed to that strategy, it is possible.

I am convinced that The

Bahamas has the ingredients necessary to create a similar trajectory, but this requires a serious transformation in its approach to national development. As we reflect on the country’s last 50 years, it is reasonable to conclude that the largely piecemeal approach to development thus far is not sustainable. There is a need for bolder, more enthusiastic, challenging and inspiring declarations as to where The Bahamas expects to be in the future. This should be coupled with disciplined management to secure the essence of such declarations. The tendency for plans, programmes and strategies to yield to the tensions of other objectives, which produce results that are less than optimal, must be actively curtailed.

The Bahamas at 50 years-old is a time for great celebration. Much has been achieved in transitioning from colonial rule to internal self-governance; from minority to majority rule; from being “managed”

to full self-determination and independence. The development of social institutions, building of an independent government machinery, fostering vibrant commerce and nurturing a substantially stable and growing economy are all factors worthy of serious celebration. The country’s achievements in the areas of sport, education, culture, a stand-out tourism destination and, despite recent curtailment, a financial jurisdiction of international repute, are outstanding. These achievements must not be taken lightly and should be consistently celebrated. Those who fought for social advancement, laboured to address inequity and inequality, and who stood on the front lines of uncomfortable moments and circumstances, should be heralded and singled out as examples of what it means to be a nation builder or to contribute to nation building. But this should also be a

time for deep reflection. A time to look back and ask serious questions with a view to executing the next 50 years better than has been done up to now. It is a time to measure performance against potential with a commitment to remedy the gaps, the failings, and the stumbles for the greater good of all. Fifty years of independence is certainly a moment for celebration, but we should make space for deep analysis. The renewed effort to build on the National Development Plan is positive, but this time it cannot be allowed to suffer the fate of past initiatives. On the occasion of turning 50, the prospects of moving from good to great, shifting from perpetual failure to advancing beyond planning, and charting a national path empowered by broad consensus across all critical facets of society, must become real and indelible. when one considers The Bahamas’ current economic

SEE PAGE B12

HUBERT EDWARDS

Atlantis shop steward’s firing incites protests

The hotel union’s president yesterday said he expects the “law to take its course” as a small group of workers protested at the Department of Labour against Atlantis’ decision to fire a shop steward.

Darrin Woods, the Bahamas hotel, Catering and Allied Workers Union’s (BhCAWU) president, led the action after Princess Adderley, a 25-year employee at the Royal Towers and the union’s shop steward for the housekeeping department, was fired for allegedly “inciting a work stoppage and gross insubordination”.

The union is alleging that she was dismissed without due process, and that Atlantis is making her a scapegoat and holding her responsible for an incident Ms Adderley alleges she played no part in.

An Atlantis spokesperson declined to comment on the matter yesterday. her termination stems from an incident that occurred last Friday when Atlantis allegedly refused to pay for Bahamian independence shorts for Royal Towers staff, telling employees they would have to cover the costs themselves. This triggered other grievances held by Atlantis staff, including the failure to agree a new industrial agreement with the

BhCAWU and allegations that workers were owed back pay and gratuities by the resort.

This ultimately resulted in some Royal Towers staff refusing to work, and the union is alleging that Atlantis is blaming Ms Adderley for encouraging this when she was not involved. She and Mr Woods said the union told workers to resume their tasks, but they refused.

Mr Woods said: “We now expect for the law to take its course because we are a group of law-abiding citizens and there’s a process. There is an appeals process, but we did not expect for this to get to where it is today.” Union sources, though, conceded that workers cannot walk off the job for pay-related grievances but only if they are being forced to work in unsafe and unsanitary conditions.

The union’s contention, though, is that Ms Adderley has been fired for something

she did not do and played no part in. The union shop steward said she was elsewhere in the resort when the walkoff took place. Ms Adderley said: “On Friday I was in the Coral Towers dealing with an appeal, and when I walked into the situation they were already doing a briefing.” She added that she expected to be directed to speak to senior Atlantis officials, but was not.

“Since we are in our work area, we have a right to stay in our work area until they come to speak with us,” Ms Adderley said. This led to Atlantis senior management finally organising a meeting with Ms Adderley and two other shop stewards, and they were told that they could “wear the shirts, once it is in compliance with the colours of the flag”.

She added: “They wanted us to pay for the shirt to wear on Monday”, and asked management why employees needed to do this. She further accused management of “treating the employees like slaves”, and Ms Adderley claimed senior executives took offence to those comments and subsequently determined to terminate her employment.

Mr Woods said: “We had the initial meeting on Tuesday where, within their right, management then took the decision to suspend her without pay for two days for investigation purposes. Yesterday was the return from suspension, where we then said: ‘You did your investigation. Then let’s see what your

$88,000 generator needed in north a ndros

By FaY S IMMOn S jsimmons@tribunemedia.net

AT The Prime Minister’s weekly press briefing yesterday, Deputy Press Secretary Keishla Adderley said the Water and Sewerage Corporation (WSC) has determined that a new generator at the cost of $88,000 is needed at the new wellfield site in North Andros.

Water and Sewerage stations around North Andros were also impacted by the fire that engulfed the Bahamas Power and Light (BPL) plant in Andros earlier this week.

Ms Adderley noted that WSC has been working to restore water to the affected settlement and that most customers have had their water issues resolved. She added that a new generator will be needed to resolve the issue long term. She said: “I also want to update you on the situation in Andros. The fire as you know, which took place there yesterday, also had an impact on the generation of water on the island. The water and sewage Corporation has been working around the clock and across the settlements. There was either the interruption of power, I think, maybe just one settlement affected by that now.

“But otherwise, generators were placed on those

settlements for temporary generation power. And in the final analysis, the wellfields, as you may know, were also affected by this situation. And it’s been determined that a new generator at a cost of about $88,000 is being proposed. That new generator will have to be put in place to completely resolve the issue of their water generation.”

Gregory Stubbs, Assistant General Manager of WSC, released a summary report on the impact of the North Andros BPL Power Station fire to WSC operations yesterday. It revealed that a generator contractor from PGS General went to North Andros to evaluate the

generator.

“The power at the main new Andros wellfields was affected and without power for several hours,” the report said.

“The Mechanical and electrical Maintenance Department arranged to have generator contractor PGS General Ltd travel to Andros to check the generator at the new wellfield site. The generator at that site is an aged unit and was not initially operable.”

The report went on to explain that the generator had radiator issues soon after it was serviced leading to the

SEE Pa GE 10

NOTICE is hereby given that RONALD ANTONIO DOMINGUEZ PERALTA of P. O. Box N-9755, Kite Terrace, Monastery Park, New Providence, The Bahamas 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 July 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

investigation produced’.” he added that he asked Atlantis management whether Ms Adderley complied with their requests, and they confirmed that she did. he added that he also inquired whether she incited a work stoppage, arguing that it was impossible for Ms Adderley to incite anything she already met occurring.

“The employees were asking to see her before they went to the floors, and she met them in their work area and told them to go to the floors. They went. They went to the floor. So again, how did she refuse to do so what they (Atlantis management) said? They said it was the way in which she said it,” Mr Woods added.

The union and Atlantis are in the middle of industrial agreement negotiations, and Mr Woods said it is a very “tense time” as talks have been “lagging”. he vowed to meet with the minister of labour and Immigration, Keith Bell, to address Ms Adderley’s dismissal directly.

harrison Williams, the BhCAWU’s first vice-president, said Atlantis has “no respect for the Government of The Bahamas” and added: “This lady should have never been terminated. The Government has to get involved to the point where they have to deal with Atlantis. They are getting away with too much in this country.”

‘Fix is in motion’ For power issues on h arbour island

By FaY S IMMOn S jsimmons@tribunemedia.net

WITh residents of harbour Island reporting that they have been experiencing frequent power outages for the past three days, Bahamas Power and Light has said that they are aware of the issue and “the fix is in motion”.

Speaking to the Tribune Business, one resident, Ms Rolle, said the electricity on harbour Island is usually fairly reliable, however, the outages experienced over the past days have been longer and more frequent than expected.

“They usually don’t have this much issues,” she said.

“When the light does go off its usually back up within about 15 to 30 minutes. But over the past few days its been off for hours at a time.

Yesterday, it was off from I came home from work until after 10pm so that’s five hours, I’m sure, off and then it went back off after 3am.

“Some parts would have outages and then the light would be on other places. Sometimes the whole harbour Island would be in

darkness at once.”

Mr Dean, the local manager of BPL in eleuthera, stated that the power outages were due to mechanical issues. he added that new parts and the technicians to install them were dispatched from the Rock Sound Power Plant to arrive in harbour Island later that day.

“We are aware of the power outages in harbour Island and have assessed the issue,” he said. “The parts needed were at the plant in Rock Sound and so those were sent over on the barge today. Technicians were also sent to complete the installation of the parts. So the fix is in motion.”

Mr Dean apologised for the inconvenience the outages caused and gave assurance that once the weather permits the technicians will resume the work. he said “Once the technicians arrive work will resume, weather permitting. They cannot do this in the rain so hopefully the rain permits us to get our work done.

“We sincerely apologise for any inconvenience and hopefully they will be up and running soon.”

Darrin WooDs, BHCAWU president.

a good time here at the end of the month. People look forward to July independence weekend every year with us. This is a busy time when everyone is excited, and natives look forward to regatta, so I hope the majority of people still come out to support the regatta.”

Ms Burrows added that the absence of BPL supply following the fire has taken a toll on her hotel’s ability to promote

North Andros hotel hopes for 85% regatta retention

and take bookings online, while also deterring potential visitors. She said: “Our business is a small family-owned business, but we still try to provide

a high-end product. With the power being out, it’s been a bit difficult. Social media and everything we run our business through needs electricity.

“But it was also significant loss that we took in terms of our bookings, because people didn’t want to come to an island that doesn’t have electricity.

“And then, with it being so hot outside, that posed a problem with our business, too. In the day it’s fine because people can go outside and catch the sea breeze but, at night, it is really uncomfortable. The heat has you tossing and turning all night because it’s so horrible.”

Ms Burrows stated the extra costs incurred dealing with the power woes are especially unwelcome as Andros is still recovering from the COVD-19 pandemic. She added that the hotel’s restaurant has experienced difficulties in sourcing enough ice to preserve food after its refrigerator was damaged from previous frequent power outages the island has been experiencing. She said: “We have a restaurant and lounge as well as a part of our hotel, and we lost quite a bit of food. We lost our refrigerator and a big part of us keeping our meats, vegetables, produce and dairy.

“We had to buy ice to keep the food items, but now the island is out of ice. Right now, we’re going around to see who has ice because the persons that have the ice maker machines, people bought all of the ice this morning, so they’re waiting for the ice to build back up in the machines. So we are really hoping and praying that

by tonight we would have the power restored.

“With the constant power outages, over a period of time that messes up the equipment.

“We have a generator but we still have to get fuel for the generator. So all of that is added expense and costs that we have to bear, too, and then still recovering and rebounding from the pandemic, that’s more costs on to our business and it’s impacting us because this is still a small family business.”

Ms Burrows revealed that prior to the BPL fire, and homecoming postponement, many hotels in North Andros were fully booked and significant visitor numbers. She remains hopeful that BPL will resolve the power issues, and guests will still attend.

She said: “We had everything completely ready; we were just waiting. We don’t have any guests currently.

“But before, our guests would have been coming in today and some were coming in on Friday. Some customers cancelled, but some said they are still going to come when we have the regatta at the end of the month.

“We were booked out for the regatta. July, especially for the regatta, is always a busy time for us and all the other hotel owners. So we would always look forward to regatta. When that incident happened at BPL, that was a complete shock to us. It was something we

weren’t anticipating at all, and we weren’t prepared for that either.

“But we were glad that the Government moved swiftly in terms of getting a generator on the island. So I think, hopefully by this evening or tomorrow, we should have power fully restored.”

Ms Burrows added that she would like more visitors to experience North Andros and support the small businesses there. “I would just hope everyone would still come out to the regatta when they have it on the 27-29 July to support all the local Androsians and businesses over here,” she said.

“I hope more people will come and visit us in Andros, and see that it’s a really good time and not just the sleeping giant that needs to wake up because it is really relaxing and it’s a good place with good vibes and energy.

“So I hope people check it out, and also check out the small businesses. We always say relaxation is at hand, so I hope people will check us out as well.”

502 2394

LEGAL NOTICE

N O T I C E

ESSO EXPLORATION AND PRODUCTION CONGO (MER TRES PROFONDE SUD) LIMITED

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

(a) ESSO EXPLORATION AND PRODUCTION CONGO (MER TRES PROFONDE SUD) LIMITED is in dissolution under the provisions of the International Business Companies Act 2000.

(b) The dissolution of the said Company commenced on the 4th day of July 2023 when its Articles of Dissolution were submitted to and registered by the Registrar General.

(c) The Liquidator of the said Company is Daniel A. Bates, of 22777 Springwoods Village Parkway, Spring, Texas 77389, U.S.A.

Dated the 7th day of July, 2023.

HARRY B. SANDS, LOBOSKY MANAGEMENT CO. LTD. Registered Agent for the above-named Company

N O T I C E

ESSO EXPLORATION AND PRODUCTION CONGO (MER TRES PROFONDE SUD) LIMITED

Creditors having debts or claims against the above-named Company are required to send particulars thereof to the undersigned c/o P.O. Box N-624, Nassau, Bahamas on or before 31st day of July, A.D., 2023. In default thereof they will be excluded from the benefit of any distribution made by the Liquidator.

Dated the 7th day of July, A.D., 2023.

Daniel A. Bates Liquidator 22777 Springwoods Village Parkway Spring, Texas 77389 U.S.A.

NOTICE

NOTICE is hereby given that CLEMENCIA ARISTOMENE of #22 Hillside Street off Mackey Street, 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 7th day of July, 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

their craft to The Bahamas for the first time via the removal of VAT and Customs duty.

As for the introduction of inspection fees, Mr LaRoda told this newspaper that The Bahamas had to introduce a mandatory annual check of all private craft because the present voluntary regime was simply incompatible with the well-regulated, blue chip image this nation has in the global maritime industry.

Confirming that the Authority is seeking to improve its services to boat owners, including facilitating registration applications online, he added that the turnaround time for most commercial vessel submissions has already been “drastically reduced” to 30 days or less in most instances.

And, following expressions of “distress” by the fishing industry over the boat registration fee increases, and the potential impact on their livelihoods and businesses, Mr LaRoda said the Government is open to talking with the industry and potentially adjusting both the extent of the increases and their structure.

Confirming that boat registration fees were last changed in 2003, some 20 years ago, he added that the increases that took effect on July 1 as the 2023-2024 Budget came into force still “cannot cover the infrastructure we have” and all the Authority’s costs.

“The Government was sensitive to the overall impact,” Mr LaRoda told Tribune Business. “It [the increases] was below inflation. The annual fee is already below inflation over the interim period and the other fee, which is higher

Boat registration fee hikes ‘not a tax gra B’

- the first-time registration - that is intended to capture some of the revenue loss that flows from the removal of VAT and Customs duty on vessels. It doesn’t cover all of that.

“The first-time registration fee, for vessels under 19 feet, if you’re going to import the vessel the VAT [that was previously charged at 10 percent] will be more than the first-time registration fee.”

The Government, in the 2023-2024 Budget, eliminated both the VAT and 10 percent Customs duty on boats imported into The Bahamas in a bid to encourage their owners to register the vessels in this nation and make the jurisdiction more competitive.

Previously, many boat owners simply brought their vessels in on cheaper cruising permits and renewed these annually, registering them in other countries. The Budget changes thus eliminate a 20 percent combined tax rate which, on a $1m yacht, would have created a $200,000 tax liability. This was viewed as making The Bahamas an uncompetitive destination, thwarting any ambitions to develop a boat/ yacht registry here.

“It’s intended to grow general development that will eventually support revenue gains,” Mr LaRoda said of the tax changes, “but the actual transition will not enhance revenue because you’re giving up VAT and Customs duty. The intent was not to increase the tax payable by persons in the industry. The central point is that it’s not accurate to say this is an increase in fees because it’s below the rate of inflation over the last 20

NOTICE is hereby given that EDWARD CABRERA PEREZ, of P. O. Box N-9755, Kite Terrace, Monastery Park, New Providence, The Bahamas 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 July 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

NOTICE

NOTICE is hereby given that CHERYL ETIENNE of Cumberbatch Avenue, Wulff Road, 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 30th day of June, 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

years.

“The overall thrust of it... the changes are not intended to be a tax grab or revenue enhancement. The idea was simply to reduce entry costs for vessels coming in by eliminating the tax for importing them. The fees that replaced them are generally less than the tax that preceded them.”

The changes to the Boat Registration and Water Skiing and Motor Boat Acts also introduce an annual inspection fee regime, with charges based on vessel length. Mr LaRoda said this was designed to bring The Bahamas into line with international best practices and regulatory standards by ending the previously voluntary inspection regime for private craft.

“The inspection fee, which is new, we have to move to a system where inspections are mandatory,” he told Tribune Business.

“You would appreciate we are a significant player in the global maritime industry and it’s very difficult to maintain that position where we pride ourselves as being a well-regulated international flag with Carnival, etc, but don’t domestically inspect craft.

“We have a seat on the IMO (International Maritime Organisation) but can’t explain that. We don’t allow ourselves to travel on the streets without inspecting the vehicle. The fact that we don’t have a vessel inspection regime is something most people will appreciate is not acceptable at this stage of development.

“It’s now mandated by law; the inspection of private craft. We always had an inspection for commercial vessels every year. We do have incidents, and this will further support the industry to ensure that persons travelling in our waters have seaworthy vessels.”

Mr LaRoda said that, while boat owners “on the legitimate end” registered their vessels in foreign jurisdictions and paid for annual cruising permits, others simply never paid for or obtained either. “The idea is to bring everybody into a regulated system that supports businesses that wish to

expand their operations and do so in a proper, supervised fashion,” he added.

“The whole impetus of the changes coming in is to do that. None of the changes were done to enhance revenue.

“It you look at the totality of the changes, it’s not a revenue enhancement. It’s a move to support business and expand entrepreneurial opportunities in a regulated environment.”

Responding to the concerns of Bahamian fishermen, Mr LaRoda said he and the Government were open to adjusting the scale of the increases and the structure if warranted. “It was something that was raised, and is definitely something that can be looked at,” he added.

“Once they review the fees, and think that they create a commercial disincentive to expand their craft and operations, that’s something the Government will be open to consider. Our intent is not in any way to impair the fishermen; it’s to assist the fishermen, the industry to expand. We’d be open to reviewing it, and the Government would to what it can to assist.”

Speaking to the overall impact of the changes, the Port Authority chair said: “I think on the recreational

side, where we have greater non-compliance because in the commercial space they have to follow all the protocols, it will be a game changer for persons operating in that space.

“It will also be a game changer for second home owners who keep vessels registered in their home jurisdictions because it was deemed too expensive to move here fully because

they had to pay VAT and Customs duty. Those persons will bring their vessels into the jurisdiction fulltime instead of leaving them in their home countries. That’s for fishing vessels or anybody.

“We’re in a competitive environment, with various countries in the region competing for the business, and the VAT and Customs duty put us at a competitive disadvantage in attracting people to move their vessels here.”

NOTICE

Pursuant to the provisions of Section 239 (2) of The Companies Act, 1992 notice is hereby given that an Extraordinary General Meeting of the Members of CLOUD MATRIX LTD. will be held at Unit 1, lncudesk West, New Providence, The Bahamas on the 9th day of July, 2023 at 9:00am/pm.

The purpose of the said Meeting is to have laid before the Member of the Company the Final Statements of the Liquidators showing the manner in which the winding up of the Company has been conducted, the property of the Company disposed of, the debts and obligations of the Company discharged and also to hear any explanations that may be given by the Liquidator. Dated this 7th day of July, 2023.

Ashley D. Williams Voluntary Liquidator

NOTICE is hereby given that MICHAEL AUGUSTIN of Union Village, 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 7th day of July, 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

due to increased air conditioning use.

Given that the fuel charge accounts for between 50-60 percent of a customer’s total bill, businesses and consumers had privately predicted to Tribune Business that they were looking at an 80-90 percent increase in total energy

Atl A ntis br Aces for $14m hit from bPl’s fuel hike

costs this summer compared to October 2022. The Government and BPL, though, are hoping that the advance warning - coupled with the fact the peak 163 percent increases lasts for only three months - will enable

the economy to ride out the strain. BPL’s customers are paying above-market prices on the fuel charge portion of their bill to enable the utility to regain upwards of $90m in under-recovered fuel costs, and repay loans/debts owed

to both the Government and its fuel supplier, Shell. This resulted from BPL holding its fuel charge at 10.5 cents per kilowatt hour (kWh) for a full 12 months between October 2021 and October 2022.

To do this, it did not pass its full fuel costs on to consumers, instead running up a debt to Shell. This occurred from the Government choosing to not execute the trades that would have acquired extra cut-price oil for BPL to support both the fuel hedging strategy and the 10.5 kWh price. Still, from Atlantis’ perspective, the up to 30 percent increase in ADR and visitor spend per occupied room compared to pre-COVID levels have thus far helped to offset the fuel charge hike’s effect on arguably BPL’s largest private sector customer.

Coral Towers’ rooms. It’s hundreds of millions of dollars, and some of it’s deferred maintenance. “We have issues with the buildings, replacing elevators that have reached their end of life.... It’s $300m-$400m.”

up, but it’s 425 rooms and it’s a complete renovation of the hotel. It’s the oldest hotel, so we have to do a lot of work with it.

REQUEST FOR PROPOSALS (RFP) FOR EXTERNAL AUDIT SERVICES TO PUBLIC

WORKERS CO-OPERATIVE CREDIT UNION LIMITED

PURPOSE:

Public Workers Co-Operative Credit Union Limited (PWCCUL) is inviting qualified professional audit firms with experience in theory, principles, and applications of standard accounting and audit practices to submit proposals wishing to be considered for appointment as external auditors (the “External Auditor”)

GENERAL INFORMATION:

Public Workers Co-operative Credit Union (PWCCUL) is a Supervised Financial Institution, duly licensed by the Central Bank of The Bahamas (CBOB) to provide financial services to a group of bonded members PWCCUL has been in existence for more than 41 years and provides full service to its members and features several different financial products designed to provide an increased return on their investment. Its objectives include providing financial services in a professional manner that is convenient and comprehensive.

SCOPE OF SERVICES:

The objective of the audit is to express an opinion as to whether the financial statements of PWCCUL present fairly, in all material respects, the financial position, results of operations, and changes in cash flow, in accordance with generally accepted accounting principles. This will be for the financial year ending 31st December 2023. The period of the audit exercise shall be within one week of the commencement of the audit exercise. It is expected that the successful organisation will be retained for a further two years. Management will prepare the financial statements that will be subject to the audit and make available to the Auditor(s).

During the engagement, the Auditor(s) will report:

• Any significant or unusual transactions

Any deficiencies in internal controls that are of sufficient importance to merit the attention of Management and/or the Board of Directors

• Any disagreements with Management about matters which are significant to the organization’s financial statements.

Any lack of compliance with PWCCUL Operating Manuals, Financial Management and Controls Policy

• Any lack of compliance with International Financial Reporting Standards (IFRS)s

• Any lack of compliance with financial, accounting standards or other relevant national legislations; and/or

• Any lack of accountability in the use and management of PWCCUL’s assets. All reports will be presented through an audit management letter.

EXPECTED DELIVERABLES:

The Auditor will:

• Prepare an auditor’s report in a format consistent with International Standards on Auditing (ISAs) generally accepted auditing principles/standards.

• Provide a management letter that identifies areas of concern or weaknesses, recommendations for improvement, and management’s response to any concerns identified.

• Discuss the auditor’s report and management letters with Management and the Board Audit Committee prior to their distribution.

• Schedule in-person clarification and catch-up meetings with PWCCUL; and

• Attendance and presentation at the Annual General Meeting (AGM)

Event Key Dates/Timing PWCCUL Financial Year end 31 December 2023

• External Auditors appointed, week commencing 25th, August 2023

• Audit Plan presentation to Finance and Risk Committee week commencing 15th, September 2023 •

Mr Roberts, meanwhile, said Atlantis and its owner, Brookfield Asset Management, have invested $300m-$400m in upgrading the mega resort since 2017. “We’ve had this multi-year renovation programme going on,” he told this newspaper. “We’re in the final stages of the casino renovation, and that’s looking very good.

“Elevators, the rood, building systems. All the main building systems have to be replaced.”

All reports will be presented through an audit management letter.

EXPECTED DELIVERABLES:

EXPECTED DELIVERABLES:

The Atlantis executive revealed that the resort is also “going through value engineering” in a bid to ensure construction costs for the redevelopment of its Beach Towers property stay within budget following the post-COVID surge in material prices, labour and other related costs.

All reports will be presented through an audit management letter.

The Auditor will:

Meanwhile, Mr Roberts said Atlantis and other Nassau/Paradise Island properties are eagerly awaiting the start of direct airlift between Nassau and the US west coast in time for the Thanksgiving and Christmas season as this will open a new market for casino patrons and leisure travellers.

The Auditor will: Prepare an auditor’s report in a format consistent with International Standards on Auditing (ISAs) generally accepted auditing principles/standards.

• Prepare an auditor’s report in a format consistent with International Standards on Auditing (ISAs) generally accepted auditing principles/standards.

“That’s significant. That’s something the destination has been working on for years.

“We opened a new restaurant at The Cove, Paranza, by Chef Michael White in the last few weeks.

• Provide a management letter that identifies areas of concern or weaknesses, recommendations for improvement, and management’s response to any concerns identified.

• Discuss the auditor’s report and management letters with Management and the Board Audit Committee prior to their distribution.

“We’re going to have an opening party for that on July 15. We did the bar in the casino that used to be Dragon’s; that’s going to open this weekend. We’re stepping through the renovation, which is good. We’ve finished the rooms at the Royal Towers, and are getting good reviews.”

• Provide a management letter that identifies areas of concern or weaknesses, recommendations for improvement, and management’s response to any concerns identified. Discuss the auditor’s report and management letters with Management and the Board Audit Committee prior to their distribution.

• Schedule in-person clarification and catch-up meetings with PWCCUL; and

The 400-room Beach Towers is awaiting redevelopment into Somewhere Else by Grammy Award-winning musician and producer, Pharrell Williams, and his business partner David Grutman, and Mr Roberts said: “We’re still working through it, working through the design and working through the budget.

• Schedule in-person clarification and catch-up meetings with PWCCUL; and Attendance and presentation at the Annual General Meeting (AGM) Event Key Dates/Timing PWCCUL Financial Year end 31 December 2023

• Attendance and presentation at the Annual General Meeting (AGM) Event Key Dates/Timing PWCCUL Financial Year end 31 December 2023

“It opens up LA and opens up the whole west coast,” he added of the Jet Blue and Alaska Airlines flights. Both will fly direct to Nassau from Los Angeles International Airport (LAX), while the latter will also fly from Seattle to the Bahamian capital.

• External Auditors appointed, week commencing 25th, August 2023

• External Auditors appointed, week commencing 25th, August 2023

• Audit Plan presentation to Finance and Risk Committee week commencing 15th, September 2023

• Audit Plan presentation to Finance and Risk Committee week commencing 15th, September 2023

• Completion of audit -Interim Audit Work commencing 01st, December 2023

• Completion of audit -Interim Audit Work commencing 01st, December 2023

• Board meeting to review and approve Audited Financial Statements March 2024

Asked about the scale of Atlantis’ investment in refreshing its product, Mr Roberts replied: “When I last checked it was $300m, but we started in 2017-2018 with the renovations of the

• Board meeting to review and approve Audited Financial Statements March 2024

• Audited Financial Statements and Audit Report to be submitted to PWCCUL for 31st December 2023 – 15th April 2024

PRICE SCHEDULE/BILL OF QUANTITIES:

PRICE SCHEDULE/BILL OF QUANTITIES:

“The numbers came in a bit higher on the construction side, so we’re going through a value engineering to find savings. That means tweaking the design and so forth. We’re trying to figure out how to make it work within the budget. From where we sit now, it’s probably a 2024 construction start project. We always thought it was a two-year kind of build-out.

• Audited Financial Statements and Audit Report to be submitted to PWCCUL for 31st December 2023 – 15th April 2024

Mr Roberts said the Seattle route will also make The Bahamas accessible to residents of Vancouver on Canada’s west coast, which lies just across the border. He added that LA, as well as Vancouver, were both strong casino gaming markets for The Bahamas to tap.

Full specifications of the provision of audit and assurance services shall be provided on the price schedule.

“It’s well over $100m. We don’t know where it will end

Full specifications of the provision of audit and assurance services shall be provided on the price schedule.

“We’d like to seem them be successful,” he said of both airlines, “and build in more frequency.”

EVALUATION OF PROPOSALS:

EVALUATION OF PROPOSALS:

The most promising responses will be evaluated in detail. Additional information may be sought from the Firm(s). Firm(s) may be asked to present and explain their proposals. PWCCUL reserves the right to waive non-material deficiencies in any proposal. Proposals will be evaluated by PWCCUL, who reserves the right to reject any or all proposals received. The following will serve as the basic criteria for the selection of the successful vendor:

The most promising responses will be evaluated in detail. Additional information may be sought from the Firm(s). Firm(s) may be asked to present and explain their proposals. PWCCUL reserves the right to waive non-material deficiencies in any proposal. Proposals will be evaluated by PWCCUL, who reserves the right to reject any or all proposals received. The following will serve as the basic criteria for the selection of the successful vendor:

1. Understanding of the work required as evidenced by the proposal and the ability of the audit firm to deliver in a timely manner. The completeness of the proposal will be critical.

1. Understanding of the work required as evidenced by the proposal and the ability of the audit firm to deliver in a timely manner. The completeness of the proposal will be critical.

2. The qualifications of the company.

2. The qualifications of the company.

3. The scope of the services offered.

3. The scope of the services offered.

4. Completeness and responsiveness to the requirements of the RFP.

4. Completeness and responsiveness to the requirements of the RFP.

5. Experience, qualifications, and competency in providing audit and assurance services.

5. Experience, qualifications, and competency in providing audit and assurance services.

6. Good service and good value shall weigh heavily in the selection process.

CONFIDENTIALITY

The information provided by PWCCUL in connection with this RFP is for the sole purpose of this solicitation and is to be considered confidential. Any information learned by a Proposer in connection with this solicitation will not be revealed by such Proposer or used for any purpose other than the preparation of their proposal.

GENERAL INFORMATION:

This RFP shall not be construed to be a commitment on the part of PWCCUL, nor shall it entail the applicant to make any claim(s) whatsoever and/or seek any indemnity from PWCCUL, by virtue of such applicant having responded to this RFP.

PWCCUL will not be responsible for any cost or expenses incurred by any interested party in connection with any response to an inquiry nor shall it entitle any party submitting documents to claim any indemnity from PWCCUL

PWCCUL is not bound to shortlist any bidder and reserves the right to annul the bidding process at any time without incurring any liabilities and assigning any reason.

How To Apply

SUBMISSION AND INFORMATION REQUIREMENTS:

• One electronic copy (Adobe Acrobat format) should be submitted to erolle@pwccu.com on or before 29th July 2023 at 5:00 p.m , at which the advert will be closed.

• A cover letter shall be included with the proposal on the firm’s letterhead with a duly authorized signature and company stamp/seal. The letter will include the Name of Business, Address, Contact Person, Phone Number, and Email Address.

• Proposals will be evaluated based on what is deemed to be in the best interests of PWCCUL, including such factors as the bidder’s experience and expertise in the provision of audit services, the flexibility of the proposal, and total cost. The cost will not be the sole factor in evaluating bids.

• Please note that PWCCUL is asking for a full proposal for the provision of audit and assurance services.

• Firm will certify a validity period of 60 days for the prices provided.

• Provide an overview of your company, including a brief description of your company’s history, ownership structure, financial stability, philosophy/culture, and approximate number of employees. Describe your expertise in our industry, outlining your ability to provide expertise and experience in the areas of financial services

• Please indicate any other services, capability, designation, or experience that differentiates your organization from the competition.

• Declaration of independence from PWCCUL and any conflicts of interest (actual, perceived, or potential)

• List three current (not more than 2 years ago) clients for whom you have provided audit and assurance services in the Nongovernmental Organization or Not for Profit making sector/industry. For each client, the list must specify the type of work performed by your company and the period retained as a client. For each client, include the name, title, address, and phone number of a contact person who PWCCUL may contact as a reference.

• Each proposer must submit a proposal that indicates the minimum requirements listed in Annex 1 and a price proposal. The price proposal must only include the price schedule for provision of audit and assurance and filing of annual returns services. Tender documents submitted late shall be rejected.

• Failure to comply with the instruction(s) and provide any required document(s) may automatically result in disqualification.

ThE ENTrANcE to the Atlantis resort.

Brewery wins fight

participants who have entered the space since 2011....

“Commonwealth Brewery continues the process of re-tooling and adapting to the evolving Bahamian economy.

I am satisfied to say that Commonwealth Brewery is as well poised as it has ever been over the past five years - in terms of the quality and reach of the company’s commercial infrastructure, and the size and structure of its professional team - to embrace new commercial opportunities as they occur. I have confidence they will extract maximum profits from this growth, should it come about.”

The BISX-listed brewer’s management, in their discussion of the group’s financial performance, added: “Commonwealth Brewery’s revenue increased by $20m, or 19 percent, at the end of the year compared to the previous period. This increase was driven by double-digit growth of our premium beer, malt and spirits categories, whilst we struggled in wines due to lack of supply.

“Hotels and other on-premises channels grew fastest thanks to the rebound in the tourism sector, whilst we also realised double-digit growth in our retail channel. The underlying product price mix also contributed to revenue growth, through assertive pricing and our premium strategy.

PRIMARY

resorts enjoy mixed july 4 performance

“Commonwealth Brewery also successfully deployed part of the overall digital transformation strategy with the introduction of the digital B2B (business to business) platform, Kalik Shop, and OASIS, our new POS (point of sale) system for retail. The two projects were among the key highlights for the year, ensuring a future-fit business with better services and insights,” management added. “Total operating expenses increased by $16m during the year, an increase of 16 percent but still less than revenue growth, which improved profitability. Commonwealth Brewery was impacted by continued pressure on input costs, driven by the aftermath of the pandemic and overall global inflation. However, the company was able to identify specific cost mitigations and gross savings to offset inflationary pressures and restore profitability.”

By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net

THe Bahamas Hotel and Tourism Association’s (BHTA) president yesterday said industry bookings for the July 4 US Independence weekend were “very robust”, but Family Island properties did not fare so well.

Robert Sands told Tribune Business that “bookings are very robust”, and that this year appeared “stronger” than previous ones in terms of the US Independence Day holiday bookings. “We’re very happy that we’re coming off of both the US Independence and going into Bahamian Independence over this period. It is very strong,” he added. The remainder of the summer looks strong, and Mr Sands said: “The only thing that could put this in any

PUBLIC NOTICE

NAME BY DEED POLL

The Public is hereby advised that I, Chamel Jordan of P. O. Box N-9773, Turtle Drive and Belford Avenue, New Providence, Bahamas, mother of KAMAL DEVON DAMES a minor, intend to change my child’s name to KAMAL DEVON JORDAN If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O. Box N-742, Nassau, New Providence, Bahamas no later than thirty (30) days after the date of publication of this notice.

TEACHING JOB OPPORTUNITIES

PRIMARY TEACHING ASSISTANT needed

A pre-eminent, well-established, independent, international school in Nassau is seeking a full-time qualified TEACHING ASSISTANT. Candidates should have sound classroom experience; a passion for innovative education; a professional attitude towards work; a friendly and cooperative disposition; a willingness to work in a team environment, a determination to grow professionally; and strong communication & organisational skills.

Job Overview:

An assistant to a teacher has two main jobs: supporting the teacher in charge and supporting students in the classroom. As the job title implies, teacher’s assistants assist the lead teacher to ease their workload and help out with everyday classroom tasks. If a student needs extra support or instruction, a teacher’s assistant might be asked to work with that student one-on-one. Teacher’s assistants might also work with the supervising teacher to discuss the progress of students and provide insight.

Responsibilities include:

• Grading tests and homework

• Record keeping

• Monitoring student behaviour

• Preparing the classroom for lessons

• Overseeing students during non-classroom times, such as lunch, recess, or field trips

• Supervising group activities

• Working with the lead teacher to monitor class schedules

• Teaching small groups who need additional help or guidance

• Listening to children read, reading to them, or telling them stories

• Helping children who need extra support to complete tasks

• Helping students to adjust, learn and socialise

Requirements or skills:

• A minimum of 2 years experience as a teaching assistant or similar role

• Associate’s degree in education or relevant field is preferred

• Familiarity with school administrative tasks and learning methods

• Great communication and organisational skills

• Positive attitude

• Firm but kind personality

• A love for teaching and the ability to build a trusting relationship with students, teachers and parents

jeopardy is if we run into any road blocks or headwinds in terms of hurricanes or impediments like that, but nothing else.”

However, Cheryl Bastian, owner/operator of Swain’s Cay Lodge in Andros, said it had no guests over the US Independence holiday because of its focus on fly fishing anglers.

“We’re looking to attract the eco-tourists, but it’s been pretty slow as it usually is for this time of year without storms, and with the rain and the lack of activity in this area,” she said. She argued that The

Bahamas needs to provide more special events and activities to attract visitors so that arrivals remain consistent and stable throughout the year.

Ms Bastian said: “You might have heard about these clusters that we launched for the whole island, where we can come together with regard to community-based tourism and build other activities for the visitors to be involved in. “But not a lot of that goes on in the underdeveloped islands. You would find community-based tourism on islands like eleuthera,

exuma, Grand Bahama and Abaco, but not so much in Andros and some of our southern islands, which after this model is completed we are hoping it moves to the other islands to do the same thing..”

“But we were practically zero for July 4. We had one family in and they were doing their own thing.” Gregory Vogt, general manager of the Cape Santa Maria Beach Resort and Villa, also said US Independence Day bookings were weak as well. “We didn’t have anything special going on for July 4 at all,” he added.

business owners not to agree payment plans they will ultimately default on because the Government will “hold their feet to the fire” given its need for revenue, and to secure every cent due to the Public Treasury, given The Bahamas’ present fiscal predicament.

“I just had a discussion with one of my clients who owns a rental company and is backwards on his VAT,” he revealed. “He didn’t think the Government was going to go to that extreme with the VAT in garnishing

NOTICE is hereby given that LUCKENSON PETIT, of Pilgrim Street, New Providence, The Bahamas 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 30th day of July 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

people’s bank accounts, but he knows he’s been neglecting it for years and now he sees that the Government is serious.

“He indicated that he knows the Government is serious now, so he’s going to do his best to bring his bills and taxes up to date now because the Government is going to extreme measures. He’s quite aware now that the Government’s ain’t playing around no more.

“I told him to go into the Government and make an agreement to pay all his bills. You don’t want to let it go too bad to the point where the Government starts taking extreme measures. I told him that he now has to go in and get things done, and don’t waste time and cause your business to slow down by being put on the garnishing list. I have no fault with the Government taking that position. You can’t sugar coat it.”

Besides garnishing the bank accounts of companies that have failed to pass on VAT, which is collected from consumers, to the Public Treasury, the Department of Inland Revenue has also unveiled plans to seize - and potentially sell-off - commercial and foreignowned properties belonging to long-standing, chronic delinquents who have made no attempt to settle their real property tax debts.

“Everyone is doing their best to get their house in order,” Mr Turnquest said of his Association members and consultancy clients with tax arrears. “None of my clients have been adversely affected by the Government’s measures yet. The Government agencies are not being overly aggressive.

“Everybody is trying to fulfill their mandate to be tax compliant because you can never win against the Government. All of them have indicated they will do their best and see if they can negotiate terms and agreements. I told them they have to be honest, and open, and

leave everything on the table and be compliant.

“They have to let the Government know what they can and cannot do. When they set payment agreements, they have to stick with them. I told them not to get into any agreements they can’t handle because the Government is going to hold their feet to the fire. Next year they will have to go back to renew their Business Licence, and they know if they are not compliant they will not get anything,” he added.

“The most important thing is you have to sit down with the tax authorities and bring your account up to date one way or another. If it’s going to take a couple of years, have payment installments that you can afford. For too long people were just ignoring and not paying their bills, and that’s why our debt is so high. I fully agree; small, large or any type of business, they have to pay. Even the landlords. Every day they take rental revenues. What do they do with it?”

PUBLIC NOTICE

Mr Turnquest said politics had inevitably played a role in the relatively high level of tax non-compliance in The Bahamas. “What’s happened is that the Government does things too politically,” he argued. “They know some things cause people to be mad at them, and that’s why all governments have been lenient to taxpayers and with NIB contributions.

“When the PLP is in office they ease up on PLP supporters, and when the FNM is in office they ease up on FNM supporters. That is how it is. That is why budgets are going higher and higher, and not going lower and lower.”

Arguing that the Government must also not discriminate against tax delinquents based on their size, Mr Turnquest added:

“They need to look at the big companies and the small companies alike. They’ve got to be fair to all businesses, and do the same thing with the ones that owe $200,000 and the ones that owe millions and millions.

“I was telling people over the Business Licence: How can you run a business without income statements? I was the only one telling people they were supposed to pay, and everyone was getting mad at me.

POLL

The Public is hereby advised that I, Chamel Jordan of P. O. Box N-9773, Turtle Drive and Belford Avenue, New Providence, Bahamas, mother of CHARIS DANIELLE L. ST. GERMAINE a minor, intend to change my child’s name to CHARIS DANIELLE LETICIA DAMES

If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O. Box N-742, Nassau, New Providence, Bahamas no later than thirty (30) days after the date of publication of this notice.

“They have to do what they’re supposed to be doing. When you’re in business you have to behave like you’re in business and pay your licence fees, pay your taxes and pay your employees. You can’t run away from that. You can’t run away from paying your bills.”

POSITION AVAILABLE

A Company is seeking to employ full time professional mature persons over the age of 25 years of age, as SECURITY OFFICERS Qualified applicants must be available to work shifts, have the command of “good people’s skills,” and a valid driver’s license.

Interested persons are to send their resume along with a photo ID, current police record and a copy of their NIB card, to email address – mngoccompany@gmail. com; on or before July 31, 2023.

Only serious minded persons need to apply.

CROSSWORD PUZZLE

Monday, July 10th, 2023

Happy Independence Bahamas

$88,000 generator iS needed in north a ndroS

FROM PAGE b3

wellfield remaining out of service at this time.

“The generator was serviced and brought on line. However, soon after, that unit failed due to and old and damaged radiator. The radiator was removed and sent to Nassau for repairs. That wellfield remains out of service at this time.”

The report also noted that future actions for the wellfield include replacing the generator and advised that personnel will continue commuting to North Andros to continue generator and electrical work and that a generator will be sent to the Nichol’s Town office to provide temporary power for the office.

“It has been determined to replace the generator unit at the new wellfield site. A preliminary quote received indicate a purchase cost of $88,000,” the report added.

“Supervisor York Butler will travel from Nassau to North Andros to carry out additional generator and electrical works.”

“A small standby generator will be provided for the rental offices at Nichol’s town.”

Stock market today: Wall S t fall S after hot jobS data raiSeS threat of high rateS

By STAN CHOE AP Business Writer

NEW YORK (AP) —

Stocks fell Thursday after reports suggested the U.S. job market remains much more resilient than expected.

The S&P 500 lost 35.23, or 0.8%, to 4,411.59. The Dow Jones Industrial Average dropped 366.38, or 1.1%, to 33,922.26, and the Nasdaq composite gave up 112.61, or 0.8%, to 13,679.04.

While a sturdy labour market keeps the economy out of a long-feared recession, it could also push the Federal Reserve to keep interest rates higher for longer in its campaign to defeat high inflation. That in turn could mean more pressure down the line on the economy and financial markets.

A report from ADP Research Institute suggested hiring by private employers was much stronger last month than economists expected, with nearly twice as many jobs created than forecast.

The ADP report can be volatile and “isn’t necessarily a good predictor of the monthly jobs report” that is more comprehensive and due from the U.S. government on

Friday, said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office.

But it also paired with a separate report showing the number of U.S. workers applying for unemployment last week remains low relative to history, even if it was a bit higher than expected. Other reports on Thursday offered a nuanced picture. One said employers advertised fewer job openings in May than expected. That could mean less upward pressure on inflation. A separate report meanwhile said growth in U.S. services industries remains hot and accelerated in June. Friday’s jobs report will likely have a much bigger impact on Wall Street than anything else this week. If it’s strong like the ADP report, it could mean counterintuitive pain for stocks because it would push the Fed to keep the brakes on the economy in hopes of getting inflation under wraps. That would raise the risk of a recession later on, even if the strong job market is what’s preventing a downturn at the moment.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that I, Chamel Jordan of P. O. Box N-9773, Turtle Drive and Belford Avenue, New Providence, Bahamas, mother of KAMEL THEO DAMES a minor, intend to change my child’s name to KAMEL THEO JORDAN If there are any objections to this change of name by Deed Poll, you may write such objections to the Chief Passport Officer, P.O. Box N-742, Nassau, New Providence, Bahamas no later than thirty (30) days after the date of publication of this notice.

NOTICE

NOTICE is hereby given that RICARDO FRANCOIS of #1 Timothy Lane, Fox Hill Road, 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 twentyeight days from the 30th day of June, 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that DUCKERNO EXALIS of #22 Hillside Street off Mackey Street, 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 7th day of July, 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that SYDNEY NELSON, of #7 Ringwood Drive Arden Forest, New Providence, The Bahamas 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 30th day of July 2023 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.

Tin Ferl PoP-UP ColleCT ive reveals i T s new board

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

An orgAnisAtion established to support micro and pop-up Bahamian craft and food vendors has unveiled a new Board as part of its revitalisation. the tin Ferl Pop-Up Collective, in a statement, said Ariannah Wells has been named as its new

chairman as it seeks to build in its legacy of advocacy and hosting events for micro food and beverage operators, food truck owners and pop-up craft vendors. Ms Wells said: i am thrilled to lead a team dedicated to driving the noble causes of tin Ferl Pop-Up Collective, supporting Bahamian brands and businesses. together, we will

make a lasting impact.”

the newly-appointed Board features several professionals whose aim is to develop leading culinary experiences and provide a platform for food and beverage vendors to thrive.

tin Ferl said its next focus is its annual festival, where vendors become owners; raising funds for advocacy; and brand development.

Shown

Moving The Baha M as froM ‘good’ To ‘greaT’ aT 50 years

circumstances, the state of national infrastructure and the condition of education and health care, there is much work to be done. The experience during COVID-19 has shown how vulnerable the country is economically and otherwise. The upside of this experience is that we are now better informed as to where efforts must be brought to bear, and the level of attention needed, across the board. The Bahamas at fifty,

less than two years removed from the most significant global financial and health crisis in recent history, must now ready itself to take the next big steps in nation building.

I submit that the focus must be on ‘big ticket’ matters such as greater “economic emancipation”, curtailing and remedying areas of decline in the national social fabric, amassing a world class healthcare network, and improving the effectiveness and productivity of public

services. The country must become attuned to the task of creating viable strategies and systems for improvement in education, taking us from the often-mentioned “D- average” to levels of competence that will fueland be relevant to - future economic developments. Education is the catalyst for fundamental national growth and development, and an important equalizer of individual circumstances, and therefore its outcomes must become more effective as we chart the next 50

years. The ‘Bahamas at 50’ must take seriously the Prime Minister’s mission to achieve economic dignity for the majority of the population. This does not call for hand-outs but, instead, facilitative approaches that allow those who are able and willing to maximise their potential as citizens and contribute productively to The Bahamas’ development and benefit from second chances. The Bahamas must also grapple with social cohesion, and the future

destabilising effects from the lack of decision-making around Immigration. There should be a shift in the outlook. While applying the rule of law without fear or favour, the time has come to approach Immigration as a strategic national asset while guarding against the negatives that have persisted to-date.

The tasks ahead are by no means easy but I am convinced that, as a country, The Bahamas can achieve whatever “loftier goals” it sets for itself. As stated by the Prime

Minster in his swearing-in speech: “There is much work to be done, but I know that by working together we can succeed and build the kind of prosperous, independent Bahamas that our founding fathers dreamed for us.” At 50, it’s time to truly shackle ourselves to the essence of this message when it comes to advancing the country together. At the same event, Chester Cooper, the deputy prime minister, underlined this when he said: “I know what can be achieved in our country. We must work with all Bahamians to build a better future. We must make these things our commitment to the Bahamian people. This is a great country, a resilient country of faithful, hardworking people. There is nothing we cannot achievetogether.” Therefore, as we approach the anniversary of independence and celebrate 50 years, I believe is in the best interests of the country to acknowledge the calling of the motto and move ‘forward, upward, onward, together’. The primary task rests not in just achieving the visions of the past, but expanding them to truly become one of “the greatest countries” in the world. Happy Independence Bahamas!

NB: Hubert Edwards is the principal of Next Level Solutions (NLS), a management consultancy firm. He is currently a student at the Eugene Dupuch Law School. He can be reached at info@nlsolustionsbahamas.com. Hubert specialises in governance, risk and compliance (GRC), accounting and finance. NLS provides services in the areas of enterprise risk management, internal audit and policy and procedures development, regulatory consulting, anti-money laundering, accounting and strategic planning. He also chairs the Organisation for Responsible Governance’s (ORG) Economic Development Committee. This and other articles are available at www. nlsolutionsbahamas.com