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MONDAY, FEBRUARY 10, 2020
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Kelly’s facing ‘zero’ hit from Taylor Industries By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
K
ELLY’S Home Centre leads the Bahamian unsecured creditors who will receive nothing of the debts owed to them by Taylor Industries, its liquidator has revealed. Andrew Davies, the Crowe Bahamas accountant, warned in his second report to the Supreme Court that the Mall at Marathon’s anchor retail tenant will not see a single cent of the almost $12,000 owed by the now-defunct 74 year-old
• Among creditors likely to recover nothing • Defunct firm’s inventory realises just 40% • Similar recovery success for receivables electrical retailer and contractor. Confirming his initial analysis that all proceeds from the Shirley Streetbased firm’s winding-up will almost certainly go to the government and former employees, Mr Davies said the Department of Inland Revenue’s (DIR) claim for $18,327 in unpaid valueadded tax (VAT) will rank as a “preferential creditorâ€?. A Florida-based
vendor, Peninsular Electric Distribution, has also submitted a claim for $134,750, but Mr Davies’ report indicated unsecured creditor prospects for recovering even a single cent are slim to non-existent. Disclosing the creditor claims received by the date of his December 13, 2019, report, Mr Davies detailed: “Kelly’s Home Centre Ltd in the amount of $11,895. This claim has
been classified as an unsecured creditor claim by the liquidator. “Given that the unsecured trade creditors are not expected to receive any distribution from the liquidation, the liquidator expects to have minimal ongoing contact with this creditor class for the remainder of the liquidation process.�
SEE PAGE 7
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Bahamas ranked 81st in world for corporate bribery By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Bahamas 81st ranking in a new global bribery index must serve as a wakeup call to “keep our foot on the gas pedal� in the fight against corruption, governance reformers urged yesterday. Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive director, told Tribune Business that the 2019 Bribery Risk Matrix released by TRACE International further reinforced the importance of The Bahamas keeping the battle against graft “on the front burner�.
The Matrix, which focuses more on business and corporate-related bribery when compared to other indexes, found The Bahamas posed a “medium risk� with a combined score of 48 across four categories. This nation was ranked below several Caribbean rivals that fared better than The Bahamas, including St Vincent and the Grenadines in 49th; Jamaica in 50th; Dominica in 54th; St Lucia in 61st; St Kitts and Nevis in 63rd; Antigua and Barbuda in 64th; Barbados in 66th; and Grenada in 67th. The Bahamas gained the same score as Azerbaijan
SEE PAGE 6
Realtors close on reforms to ‘take it to another level’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
THE Bahamas Real Estate Association’s (BREA) president says the industry is “almost there� with reforms to its governing Act that are designed to “take it to another level�. Christine Wallace-Whitfield, pictured, told Tribune Business that the proposed changes to the Real Estate (Brokers and Salesman) Act were vital to “tightening up� the law in a way that will best protect BREA’s 700-plus members, their clients and an industry that generates millions of dollars annually for Bahamian gross
domestic product (GDP). Pointing out that the Act has not been substantially upgraded since its implementation some 23 years ago, Mrs Wallace-Whitfield said real estate legislation needed to keep pace with changing market conditions as well as evolve in accordance with other laws impacting the sector.
SEE PAGE 5
Minister’s pride on tourism ‘shake-up’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A CABINET minister has voiced pride at “really shaking up� the Ministry of Tourism’s workforce after discovering that the nine percent aged under 30 accounted for nine out of 10 resignations. Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business that a manpower audit of the ministry’s staff had proven “very revealing� as he denied
claims that 14 employees had recently been laid-off or terminated. Responding to a social media “voice note� being circulated by Fred Mitchell, the Progressive Liberal Party’s (PLP) chairman, Mr D’Aguilar said the Ministry of Tourism does not lay-off or terminate any worker. Rather, because all are contract workers, they are subject to regular performance reviews with the possibility that their
SEE PAGE 8
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PAGE 2, Monday, February 10, 2020
THE TRIBUNE
OIL EXPLORER EXTENDS FUND OFFER BY 3 DAYS “SOPHISTICATED” Bahamian investors will have an extra three days to buy into the £2m mutual fund created to allow them to participate in local oil exploration activities. The offering period for the Bahamas Petroleum Company (BPC) sponsored fund will now close this Wednesday, rather than the initially scheduled deadline of last Friday, to give its corporate advisers more time to process investor applications. Leno Corporate Services said in a statement that it launched BPC Investment Fund, a Bahamian-incorporated investment fund for professional investors, to enable Bahamian investor participation “in the outcome of the project to explore for hydrocarbons in The Bahamas”. It added: “The initial offering period for the fund, which was scheduled to close at 5pm on February 7, 2020, now has been
extended until 5pm on February 12, 2020. Leno has applied this three-day extension to accommodate the administrative processing of applications during the initial subscription period.” No mention was made of whether there has been any progress in opening BPC Investment Fund to smaller Bahamian retail investors. Leno announced in late January that a formal request seeking regulatory approval for this had been made to the Securities Commission, but nothing further has been mentioned. The application seeks permission to convert the BPC Investment Fund from a professional fund into a lower subscription standard fund, which would allow individual and retail investors to purchase shares in it. The present “professional fund” status means it can only seek investments
from so-called “sophisticated” investors, such as institutions and high net worth individuals, willing to commit a minimum $10,000 while excluding smaller Bahamian retail investors from any involvement. However, should the Securities Commission approve the BPC Investment Fund being reclassified as a “standard fund”, it would be open to anyone interested in investing a minimum $1,000. The fund’s only purpose is to acquire and hold a minority 4.47 percent equity stake in BPC. Many Bahamian retail investors are likely to be unhappy at the BPC Investment Fund only being opened to investments made by large institutions, with the perception being that the “small man” is once again being denied the opportunity to make a wealth-creating investment that could drastically improve their economic well-being. However, others will argue that the fund’s status as a “professional” fund is entirely appropriate as the investment opportunity is only suitable for sophisticated investors able to both understand its high reward/high risk potential and absorb any subsequent losses. For BPC is effectively a start-up, yet to drill its first well and with a history of financial losses. And, for all its research to “de-risk” the project, there is no 100 percent certainty that commercial quantities of recoverable oil lie below The Bahamas’ sea bed. As a result, many capital markets observers will likely view the BPC Investment Fund offering as more a venture capital/ private equity investment play rather than an opportunity for small retail investors who can ill-afford any major loss.
THE TRIBUNE
Monday, February 10, 2020, PAGE 3
BAIC’S 160 STAFF WARNED TO BRACE FOR WORKFORCE CUT
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net BAHAMAS Agricultural and Industrial Corporation’s (BAIC) 160 employees have been warned to brace for job losses as the “heavily overstaffed” agency awaits the results of a manpower audit. Bishop Gregory Collie, its chairman, said Strivewise Performance Solutions Group will conduct the human resources and manpower audit as he revealed BAIC may no longer be able to avoid cutting the size of its bloated workforce. He confirmed that BAIC is “getting ready to conclude a manpower audit” because “the corporation is heavily overstaffed”. Bishop Collie added: “We have been trying to maintain the staff levels without having to terminate, but we will see what that audit says and we will let the public know what
FROM left: Kim Carey, BAIC deputy chairperson, Debbie Strachan, BAIC acting general manager and Bishop Gregory Collie, BAIC chairman. Photo: Derek Smith/BIS the conclusions are with respect to that audit. “So we hope to have that completed very shortly. By the end of February we should have it completed so we can table it to the minister [Michael Pintard], and then we can have further discussions on what the government wants us to do in that regard.” Bishop Collie said the “last estimate” placed BAIC’s workforce at around 160 employees. Tribune Business
PRODUCE EXCHANGE MOVES FOR UPGRADE
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net THE Potter’s Cay Dock Produce Exchange is being temporarily relocated as part of a $20,000 refurbishment designed to alleviate health concerns that have existed since Hurricane Matthew. The Bahamas Agricultural and Industrial Corporation (BAIC) confirmed that the facility is being moved to its Soldier Road headquarters while upgrades to the Potter’s Cay Fish-farm building are completed. Senior executives admitted that the Produce Exchange has been in disrepair since Hurricane Matthew struck New Providence in October 2016, and has since become “infested” with mould. This, in turn, has created health concerns for employees and the safety of farm produce. Bishop Gregory Collie, pictured, BAIC’s chairman, said: “If you have been going out to the produce exchange, you would see that our staff and patrons were subjected to serving the customers and customers were also buying produce - on the porch.
‘Since Hurricane Matthew the building, which was destroyed by the hurricane, remained leaking whereby mould and other dangerous conditions were allowed to exist.” He added: “The area where the fish farm store used to be housed, we have taken a decision to go back into that facility to have it properly repaired and furnished, so that we will have a modern, clean and air conditioned environment to which patrons can come in and purchase their produce in an atmosphere that is conducive. “Also, our staff will be able to work in a clean environment not detrimental to their health.So we have planned to renovate that section of Potter’s Cay where the fish-farm used to be housed within the next 60 to 90 days. “We have our target date at the end of March to have it fully renovated and refurbished, so as to open for the public, and we can continue to sell the produce to help the farmers on the Family Islands.” The cost of repairing the Fish-farm location at the Potter’s Cay Dock is pegged at $20,000.
reported in 2018 that BAIC’s last financial statements, for the years 2012 and 2013, showed the agency’s wage bill increased by more than $600,000 over a two-year period to the point where it was equivalent to 141.5 percent of its total operating revenue. Those financials, which had a calendar year-end and largely covered the first two years of the former Christie administration, thus revealed that one expense
“line item” alone exceeded BAIC’s total income in 2011, 2012 and 2013. Its wage bill was almost $1m higher than total income. Salaries and wages rose from $2.584m in 2011 to $2.846m the following year, and then to $3.193m in 2013, making for a 23.6 per cent increase over the full two-year period. The accounts, audited by UHY Bain & Associates, revealed that BAIC sustained losses of $2.275m,
$2.594m and $2.985m for the same three years, prior to receiving government subsidies of between $2.5m to $2.75m. The latter sum, paid by the Public Treasury in 2013, was still not sufficient to cover that year’s loss, indicating that BAIC and its bloated wage bill were already becoming a significant drain on Bahamian taxpayers some seven years ago. BAIC’s accumulated deficit, or total losses over its then-32 year history, were pegged at $36.854m at year-end 2013. The situation is likely to have only become worse since given that BAIC was one of the public sector agencies targeted for hiring just before the May 2017 general election, as the Christie administration sought to exchange employment for votes in an ultimately futile effort to retain the Government. Some of the BAIC hires received engagement letters giving their start date as May 9 - one day before
the election. Bishop Collie, meanwhile, admitted that BAIC’s accounts had not been subject to an external audit since 2014 - almost six years ago. So we are outstanding for an external audit for 2014 to 2018,” he added. “We are currently, feverishly trying to get those audits completed in a meaningful time. We are currently at 2014, and we suspect that we should shortly be moving on to 2015 and, hopefully by the next 60 days, to have the whole audit completed.” Accounting firm BDO Mann Judd is performing the external audit work. “The Board is feverishly working hard to get that resolved so that the public will know, and have a full accounting, on what has transpired over those years here at BAIC. Hopefully once we have completed 2014 to 2018 we will move swiftly to complete 2019 so that we can be up-to-date,” said Bishop Collie.
PAGE 4, Monday, February 10, 2020
THE TRIBUNE
TOURISM HONOURS ITS ‘TIMELESS TREASURES’ THE Ministry of Tourism has honoured 17 of its “timeless treasures” with numerous accolades for longevity and serving the country’s major industry with distinction. “Over the years you’ve put your shoulder to the collective wheel and, with excellence, you have assisted our team to grow our nation’s number one business,” Dionisio D’Aguilar, minister of tourism and aviation, told the long-standing employees. “Team tourism has become stronger and more effective because of the individual and collective contribution of each of you. Your priceless contribution to this ongoing success story represents a hallmark of best practices in the tourism and hospitality industry.” Other senior Ministry of Tourism executives, including Charles Albury, the permanent secretary; Joy Jibrilu, its director-general; and Ellison ‘Tommy’ Thompson, deputy directorgeneral, also thanked the 17 for their service during a ceremony held on Friday, February 7, at the British
Colonial Hilton. Those honoured have worked in areas ranging from expanding sports tourism; driving sales, marketing and promotions in source markets through the Bahamas Tourism offices overseas; and elevating the tourism product in Nassau, Grand Bahama and the Family Islands. Ending their Ministry of Tourism careers were Edward Archer (42 years of service); Geneva Cooper (41 years of service); Antoinette Davis (40 years of service); Virginia Kelly (40 years of service); Angela Archer (39 years of service); Earl Miller (33 years of service); Cecile Torrence (29 years of service); Jean Simmons-Cleare (28 years of service); Rosemary Coakley (23 years of service); Leonard Stuart (17 years of service); Valerie Carpenter (43 years of service); Roslyn Pinder (42 years of service); Donna Mackey (42 years of service); Earlston McPhee (34 years of service); Cynthia Colebrooke (39 years of service); Jacqueline Ramsey (36 years of
HONOREES are shown with Ministry of Tourism permanent secretary, Charles Albury, and deputy director-general, Ellison “Tommy” Thompson, together with various Ministry of Tourism executive directors. service); and Nalini Bethel (25 years of service). A tribute was also given in honour of Ministry of Tourism staff who passed away in recent years. They, too, were recognised for their service and dedication.
HONOREES receive their tokens of appreciation from MOTA.
THE TRIBUNE
Monday, February 10, 2020, PAGE 5
TOURISM: NO IMPACT YET FROM CORONAVIRUS
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
A SENIOR Bahamian tourism executive yesterday said the industry has suffered no impact “to-date” from the global novel coronavirus outbreak as it heads into the peak winter season. Robert Sands, Baha Mar’s senior vice-president of government and external affairs, told Tribune Business that the country’s major industry was happy with the measures implemented by the government to prevent the virus from reaching these shores. “The industry has not seen any drop-off in business to-date,” Mr Sands said. “The industry is very satisfied with the level of communication to-date, and the measures the government has implemented. This world issue remains one matter that has our industry’s focused attention. The Ministry of Health has been proactive in sharing information.” No novel coronavirus cases have been reported in The Bahamas. Since the outbreak in China, and its spread to other countries, The Bahamas is denying entry to non-residents who have visited China in the last 20 days regardless of their nationality. Returning residents who have been in
Realtors close on reforms to ‘take it to another level’ FROM PAGE ONE
She pointed to the revised Financial Transactions Reporting Act 2018, and the requirement that realtors apply Know Your Customer (KYC) due diligence procedures to clients, as one such change that the real estate industry’s main law should account for since it was first passed and enacted in 1995-1996. Describing the revised Real Estate (Brokers and Salesman) Act as “a work in progress”, Mrs Wallace-Whitfield said it was “one of my goals” to see the process through to completion before her term as BREA president ends. She added that she was working on the changes with past BREA president, Carla Sweeting, and other former presidents to ensure
FRONT row from left: Suzanne Pattusch, BHTA executive vicepresident; Carlton Russell, BHTA president; Dr Duane Sands, minister of health; Marco Rolle, permanent secretary, Ministry of Health; Robert Sands, BHTA senior vice-president; Dr Pearl McMillan, chief medical officer. Back row from left: Jamal Glover, treasurer, BHTA; Dr Delon Brennan, deputy chief medical officer, Ministry of Health; Dr Larry Carroll, president of the Bahamas Out Islands Promotion Board (BOIPB). China during this period will be quarantined and monitored for symptoms during an incubation period of 14 days. Mr Sands’ comments came after the Bahamas Hotel and Tourism Association (BHTA), the industry’s main representative body, and the Ministry of Health last week collaborated to host an information seminar on the novel coronavirus for sector stakeholders. “The meetings were very well attended by representatives of every major hotel in New Providence, with Family Island hotel representatives present,” Mr Sands added. “The group
was updated, and protocols were introduced and discussed.” The BHTA, in a statement, said the discussion was led by Dr Duane Sands, MP, minister of health, and top Ministry of Health officials including Marco Rolle, permanent secretary, Ministry of Health; Dr Pearl McMillan, chief medical officer; and Dr Delon Brennan, deputy chief medical officer. Industry executives representing small, medium-sized and large hotel properties throughout The Bahamas were present to hear Dr Sands and his team present the latest facts on the
substantial seniority and experience went into the effort. Besides improving consumer protection, the current BREA chief indicated that the reforms will also seek to crack down on “rogue agents” and foreigners who enter this jurisdiction without co-broking with locals. “It’s been a long work in progress, but we should be there once we get it approved by the Attorney General [Carl Bethel],” Mrs Wallace-Whitfield told Tribune Business. “Once we are completed he has to review it and let us know everything is in order, proper wording and things like that. Once that is done, hopefully we can have our Act updated. “It’s all about continuing education, and beefing it up and making it a strong Act. The year 1996 was when I got married, and that’s a long time ago. So many government laws have been put in place since then, like KYC compliance, VAT. “Things have changed, laws have change, different laws have come into place. We want to make sure everybody is on the same page and our members are protected.
With every change to the law we have to do our changes. We can make policies, but policy can be challenged. We have to make sure we have tightened up so that moving forward this law is strong and held by the country.” Mrs Wallace-Whitfield said one focus was ensuring all Bahamas-based real estate brokers and agents are properly licensed, adding: “It’s all about protecting the Bahamian people, and making sure that when you do want to get involved in selling real estate you apply and do it properly. “One of the things that’s important to us is to let the public know it’s critical to use a licensed BREA member. If something happens with your transaction or sale, and you contact BREA, we do try to help resolve the matter. But if they’re a rogue real estate broker, and are not licensed by BREA, we have to contact the police. “There are rogue people out there, and we have to protect our industry. We have to let the public know that if you use someone who is not licensed, we cannot protect you.”
The American Embassy in Nassau is accepting applications for the following position:
Voucher Examiner
Duties: Under the direct supervision of the Financial Specialist (Supervisor), the incumbent independently examines and processes a variety of vouchers that include the most difficult and complex, the moderately complex and the simple vouchers. This includes completion of the entire voucher examining process through the entering of appropriate payment data into Momentum, and submission of the vouchers to the certifying officer. The incumbent also maintains Accounting Records for a portfolio of Agencies. Interested candidates are required to possess the following skills and qualifications: • Education: A minimum of two years of college studies is required. • Experience: A minimum of three years prior experience with accounting, finance, accounts analysis is required. • Language: Level IV English (Fluent) is required. The complete Vacancy Announcement and Application forms are available online on the Electronic Recruitment Application (ERA) located on the following website:
https://bs.usembassy.gov/embassy/jobs Applications will not be accepted at the Security Gate of the Embassy, by mail, E-mail or other means of delivery. Deadline for applications is February 21st, 2020. Due to the high volume of applications, unsuccessful candidates will not be contacted.
coronavirus and the measures being taken by the government to protect locals and visitors. Details were also provided on the resources deployed to monitor and screen travellers arriving via air and sea, and to provide the approved protocols for tourism stakeholders to mitigate and/or react to any perceived threat from the virus. “This meeting was timely, highly informative and well received by industry attendees,” said Carlton Russell, BHTA president. “We will continue to liaise with the Ministry of Health to ensure industry partners and members receive pertinent and timely data, including Ministry of Health sanctioned best practices, so we can align ourselves with the public sector as we continue to collaborate to protect our citizens, our staff and visitors from the coronavirus.”
PAGE 6, Monday, February 10, 2020
NOTICE
NOTICE is hereby given that MIKE KEVIN NAZAIRE of West Bay Street, Long Warf, P.O.Box N-875 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 10th day of February 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE NOTICE is hereby given that JONAS CYRIL of Nassau Street, Boyd Road 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 3rdday of February 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE NOTICE is hereby given that HANS FEBLES-FRANK of Banks Road Governor’s Harbour Eleuthera, 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 3rdday of February 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
THE TRIBUNE
Bahamas ranked 81st in world for corporate bribery FROM PAGE ONE and Ghana, both of which were ranked immediately ahead of it in 79th and 80th, respectively, and both of which have featured regularly in media headlines relating to allegations of corruption, nepotism and kleptocracy. However, the Bribery Risk Matrix placed The Bahamas ahead of rival international financial centres (IFCs), the Cayman Islands and Bermuda, in 98th and 135th spots, respectively. The Dominican Republic, in 112th, and Trinidad & Tobago in 115th, were behind this nation, as were Cuba (144th) and Haiti (170th). TRACE International’s matrix focused on four key areas: Opportunity, or the frequency with which businesses have to interact with government officials, and the latter’s expectations of receiving “under-the-table” payments; the quality of anti-bribery defenses and their enforcement; government and civil service transparency; and the capacity for the media and civil society to provide oversight. The Bahamas’ achieved its poorest ranking on “business interactions with government”, where it gained a score of 67 - the higher the score, the worse the rating. “The Bahamas receives a medium score of 67 in this domain, based on a high degree of government interaction, a medium expectation
of bribes, and a high regulatory burden,” the Bribery Risk Matrix said. This nation also fared poorly on transparency, with the index finding: “The Bahamas receives a medium score of 52 in this domain, based on medium governmental transparency and medium transparency of financial interests.” However, the other two categories - anti-bribery enforcement and civil society oversight - were much better. “The Bahamas receives a good score of 30 in this domain, based on a high quality of anti-bribery dissuasion and a medium quality of anti-bribery enforcement,” the Bribery Risk Matrix said. “The Bahamas receives a good score of 23 in this domain, based on a high degree of media freedom/ quality and a high degree of civil society engagement.” This nation was then bracketed with Senegal and Cape Verde as “comparable jurisdictions”. Mr Aubry said all such indices, including the likes of Transparency International’s Global Corruption Perceptions Index, take publicly available information sources such as the World Bank’s “ease of doing business” rankings and national government data and put them through “a mechanism” to come up with their findings. Noting that the message delivered by the Bribery Risk Matrix was similar to the one coming from the recently-published Transparency International index, the ORG chief told Tribune Business: “None of them are 100 percent definitive or give the
AIZ HOLDINGS LTD. (Dissolved)
NOTICE HACHI INVESTMENTS LTD. (the “Company”)
__________________________________
NOTICE IS HEREBY GIVEN as follows:
TONI Y. GODET and CELESTE F. MITCHELL Liquidators
(a)
HACHI INVESTMENTS LTD. is in dissolution under the provisions of the International Business Companies Act, 2000.
(b)
The dissolution of the said Company commenced on the 9th day of December, 2019 when its Articles of Dissolution were submitted to and registered by the Registrar General.
Legal Notice
The Liquidator of the said Company is Calynn Thurston of Deltec House, Lyford Cay, P.O. Box N-3229, Nassau, Bahamas.
BLOCKCHAINCAP.IO FUND LIMITED (the “Company”)
(c)
Calynn Thurston Liquidator
solely a government problem, but issues that all parts of Bahamian society needed to combat through changed behaviours and an acceptance that paying civil servants “lunch money” for access to services they are duty-bound to deliver should not be viewed as a cultural norm. “We need to look at stemming those bad actors in the private sector that use bribes to boost their business,” he blasted. “We know it’s ingrained, and we have to convince ourselves this is not the way it’s supposed to be and learn new behaviours. “Learning these new behaviours is like going back to the gym to lift a 200-pound weight. You start small and build up to that act. Some businessmen and people will say this is the way we’ve always done it. Take small steps to open the door and then get out of it.” Mr Aubry said ORG’s recently-launched National Integrity Campaign, launched to fight the culture of everyday, commonplace corruption, was already producing results and showing “light at the end of the tunnel”. “More and more people are coming up and saying: ‘We don’t want to throw money at this for services we are due anyway’,” he added. “Government employees are saying they work hard and do well, and are not prepared to throw it all away. “Change is coming, but it’s going to be slow. More importantly, it will improve the quality of life and make the cost and ease of doing business in The Bahamas much better scenarios.”
NOTICE
NOTICE IS HEREBY GIVEN that pursuant to Section 138(8) of the International Business Companies Act, 2000 (No. 45 of 2000) the dissolution of AIZ HOLDINGS LTD. (Dissolved) (the “Company”) has been completed and a Certificate of Dissolution has been issued by the Registrar of Companies. The Company has been struck off the Register of Companies with effect from the 24th day of December, 2019.
Legal Notice
full picture on the ground, but both show the propensity for bribery and corruption here.” Recalling how Transparency International had last year found The Bahamas leads the Latin American and Caribbean region for paying “bribes of convenience” to public officials so that “things are done more quickly or better”, Mr Aubry added: “It’s an ingrained dynamic we have to work through. “An index like this [the Bribery Risk Matrix] just gives weight to what a lot of people feel is the case on the ground when dealing with interactions with government services. We’ve made some gains on this lately, and put some mechanisms in place, such as Customs’ Click2Clear, the online renewal of passports, and the digitisation of road traffic. “Yet people are not very clear as to how to make a complaint about corruption,” Mr Aubry continued. “We need to put some attention to this issue. We know bribery and corruption can otherwise derail many of the good works being done in the Government and the private sector. It takes money away, reduces productivity and slows government and makes it a lot less efficient. “Something like this reminds us to keep it on the front burner. Let this index serve as a reminder: Don’t take our foot off the gas pedal. We can use it to make real gains, use this to move forward to build stronger systems of enforcement, develop systems of control.” Mr Aubry argued that bribery and corruption were not
NOTICE
NOTICE IS HEREBY GIVEN as follows: (a)
BLOCKCHAINCAP.IO FUND LIMITED is in dissolution under the provisions of the International Business Companies Act, 2000.
(b)
The dissolution of the said Company commenced on the 9th day of December, 2019 when its Articles of Dissolution were submitted to and registered by the Registrar General.
(c)
The Liquidator of the said Company is Calynn Thurston of Deltec House, Lyford Cay, P.O. Box N-3229, Nassau, Bahamas.
Calynn Thurston Liquidator
Board Certified Dematologist
Employment Opportunities
An established company in The Bahamas is presently considering applications for a Project Manager. The positions are opened to candidates with the following qualifications:
Project Manager
15 years Clinical experience including Mohs surgery
Submit Resume to Hr@familymedicinecenter.org
Bachelors Degree in Engineering, Certified Project Manager, Construction Management or related studies.Minimum of 10 years professional experience. Must have some project management experience. Proficient in Microsoft Word, Excel, Project and AutoCAD.
Personal attributes
Must be able to lead in planning and implementation of projects Must be able to perform engineering duties Must be able to oversee construction and maintenance of building structures and facilities Must ensure that construction standards are met. Must be a “problem solver” with an eye for detail Must have ability to identify priorities, meet deadlines in a timely manner Provide direction and support to project team Must possess good communication skills Must be able to multi-task.
All interested applicants should email to nassaurecruitment@gmail.com
THE TRIBUNE
Monday, February 10, 2020, PAGE 7
Kelly’s facing ‘zero’ hit from Taylor Industries FROM PAGE ONE It is unclear whether Kelly’s Home Centre or other unsecured creditors will be protected from Taylor Industries’ collapse by trade insurance, but Mr Davies’ report revealed that recovery efforts todate have realised almost $14,000 more than his initial projections. This extra sum has been realised through a combination of selling-off Taylor Industries’ seven-strong vehicle fleet; the betterthan-expected recovery of accounts receivables representing sums owed to the business; and the return of $38,122 “unvested” from its employee pension plan. Mr Davies argued that the value of Taylor Industries’ electrical goods inventory had likely been “materially overstated” in the company’s accounts because it had not been aggressive enough in writing-off obsolete products. As a result, the remaining inventory was sold for just 40 percent of the value shown on the balance sheet when Taylor Industries closed on January 8, 2019. A similar percentage, 40.6 percent, of accounts receivables owed to Taylor Industries when it collapsed into insolvency has been collected by the liquidator. Mr Davies said he was mulling legal action against the largest debtor, described as “a property and construction development company” that owes more than $25,000, due to the size of this sum. He added that several new assets and recovery sources had been identified subsequent to his first Supreme Court report, including Taylor Industries’ information technology (IT) infrastructure and specialist tools that the company had used for electrical contracting jobs. While admitting that these were likely to generate minimal value, Mr Davies said he had also been informed that Taylor Industries also holds a 1.09 percent stake in the company that owns its
former Shirley Street location and Dunmore Street warehouse. That company, Rolyat Ltd, is now seeking to sell both properties for financial gain. Mr Davies said he was seeking confirmation of Taylor Industries’ equity stake, and added that he might explore selling it to one of Rolyat’s major shareholders at a price that achieves proper “value” so as not to delay the liquidation’s completion. Taylor Industries never owned the real estate it operated from, which meant it could never offer a lender the most soughtafter security for fresh funding when it ran into financial trouble. Tribune Business previously reported that the Taylor family, the company’s major shareholder, are also among the owners of the two buildings now up for sale. They and Rolyat’s other shareholders stand to make a potentially significant financial gain from the real estate sale, especially the Shirley Street site, given that it sits on a major road in a prime commercial district near downtown Nassau. It also sits opposite Princess Margaret Hospital (PMH), and is near Doctors Hospital, both of which are thought to need more space. Mr Davies, meanwhile, pointed out that Rolyat Ltd and its owners had permitted the liquidation team to keep Taylor Industries’ inventory and other assets at the Shirley Street building free-of-charge, thereby saving creditors rental expense and inconvenience. He revealed: “On August 19, 2019, the liquidator received notification from the law firm, Alexiou, Knowles & Company, that Taylor Industries owned 1.09 percent of the issued share capital (37 of 3,400 shares) of a Bahamian domestic company called Rolyat Ltd. “The liquidator was not aware of this potential asset as at the date of the first interim report, and the ownership of these shares was not reflected on the books and records of the
company as far as the liquidator has been able to ascertain. Mr Davies continued: “It is the liquidator’s understanding through conversations with former management and the shareholders of Taylor Industries that Rolyat owns both properties from which the Company used to conduct its business - the main building on Shirley Street and the warehouse on Dunmore Lane. “The liquidator has been informed by the shareholders of Rolyat that both of these properties have been listed for sale. Anticipated realisations for the liquidation estate from this asset are difficult to assess in terms of when these buildings may be sold or the amount which may be received for them.” With real estate deals typically taking months to complete, Mr Davies said he may look to speed up the liquidation’s exit from Rolyat especially since all other Taylor Industries assets are expected to be realised by the 2020 first quarter’s end on March 31. “The liquidator will not be able to influence the sales process of the shares in Roylat given the minority shareholding the company owns,” he explained. “The liquidator is concerned the realisations from the assets in Roylat may unnecessarily delay the liquidation process, as it is uncertain as to the value the sale of the shares may yield relative to the sums the underlying properties may be sold for. “The liquidator may attempt to obtain a valuation of the shares in Roylat and explore the possibility of selling these shares to one of the major shareholders in Roylat at a price that extracts value, and makes practical sense, for the timely progress of the liquidation.” Mr Davies added that discrepancies over the value of Taylor Industries’ inventory had emerged at the outset of the liquidation. The initial listing had placed this at around $500,000, while the balance sheet showed $311,000. “The liquidator inquired of former management as to what may be the explanation for this difference and was informed that Taylor Industries’ accounting system automatically
To advertise in The Tribune, contact 502-2394 COMMONWEALTH OF THE BAHAMAS IN THE SUPREME COURT Common Law and Equity Division
2016/ CLE/gen/00406
B E T W E E N: HAMPTON RIDGE CONDOMINIUM ASSOCIATION LTD. Plaintiff/Judgment Creditors AND TEROU BANNISTER NADIA BANNISTER Defendants/Judgment Debtors TO:
TEROU BANNISTER and NADIA BANNISTER
TAKE NOTICE that: 1. An Order for Examination filed on the 15th day of October A.D., 2019 have been issued against you in the Supreme Court of The Commonwealth of The Bahamas being Action No. 2016/CLE/gen/00406 by Hampton Ridge Condominium Association Ltd., the Plaintiff herein. The Hearing date of the Order for Examination was scheduled to heard on Thursday the 21st day of November A.D., 2019 at 2:00 p.m., and has now been adjourned to be heard before Deputy Registrar Constance Delancy on Wednesday the 4th day of March A.D., 2020 at 10:30 a.m. in the forenoon, whose chambers is located at Ansbacher Building, East Street (North), Nassau, Bahamas. Details of the claim are set out in the said Order for Examination. 2. On Thursday the 21st day of November A.D., 2019 the Court ordered that the said Order for Examination is hereby deemed to have been served on you by virtue of this advertisement. Otherwise Judgment will be entered against you pursuant to Order 73 rule 3 of the Rules of the Supreme Court 1978. Dated the 28th day of November A.D., 2019. __________________________________ PROVIDENCE LAW Samana Hill No. 16 Village Road (North), Nassau, Bahamas Attorneys for the Plaintiff/Judgment Creditors
writes off any inventory that is more than five yearsold,” Mr Davies wrote. “This reduces the value of the inventory on the company’s balance sheet but the inventory remains in the system given it is ostensibly physically still in Taylor Industries’ possession. The liquidator was of the position that the five-year threshold for writing-off inventory was probably not conservative enough for a retail business and it should have been closer to three years, especially for many of the product lines that had become obsolete through technological advancements. “Based on conversations with management and former company inventory staff, it was the liquidator’s opinion the $311,000 value of the inventory as shown on the company balance sheet was probably materially overstated.” No formal bids were received for the inventory by the liquidator’s set deadline, despite eight persons and companies viewing it. “The liquidator eventually received a formal offer for all of the inventory from a potential buyer who had
been previously identified as a party who may be interested in purchasing the inventory,” Mr Davies said. “The liquidator entered into negotiations with this buyer and eventually agreed the sales price of $125,000 for all of the inventory to be sold under an ‘as is, where is’ basis. Based on the relatively specialized nature of the inventory, the full exposure of the sales process to a small market for potential buyers and the limited number of expressions of interest already received, the liquidator determined that the price negotiated was acceptable for this asset and would maximise returns for creditors of Taylor Industries.” Mr Davies said some $77,167, out of a total $189,851 owed, had been collected from a total of 232 debtors owing accounts receivables to Taylor Industries. “Approximately 80 per cent of these accounts were for aged balances under $1,000, which made it difficult for the liquidator to justify the time and associated cost in trying to collect them,” he said. “The largest receivable due was from a property
and construction development company in the amount of $25,404. The liquidator has managed to collect $3,000 from this customer but has been informed they will not be able to make any further payments until they are able to generate revenue from new work. The liquidator will continue to monitor this situation and may consider various legal options to collecting on this debt given its relative size.” Mr Davies had accumulated a net $273,000 as at December 13, 2019, with which to pay creditor claims. However, the collective $682,096 in termination pay due to Taylor Industries’ former staff dwarfs this alone, meaning the exemployees will also likely only collect cents on the dollar. Nevertheless, he added: “The liquidator is satisfied at the progress of the liquidation given the nature of the assets the company owned and the challenges of finding qualifying buyers in a small market with current economic conditions being unfavourable for the retail industry.”
PAGE 8, Monday, February 10, 2020
Minister’s pride on tourism ‘shake-up’ FROM PAGE ONE
contracts may not be renewed. The minister said only five persons had been impacted by this process recently, as he hit out at the former Christie administration for creating a bloated workforce by expanding the Ministry of Tourism’s staff from 250 to around 400 - with numerous hires coming
“days before” the May 10, 2017, general election. Mr D’Aguilar said the manpower audit, conducted after the Minnis administration took office, had exposed how numerous employees and become “disenchanted and disaffected”, with the progress of younger employees stifled by recruitment policies that left older ones in their post despite tourism’s everincreasing dependence on rapidly changing technology. “Fred Mitchell has gotten the wrong source,” Mr D’Aguilar blasted. “The
THE TRIBUNE Ministry of Tourism has not laid off anybody. The Ministry of Tourism does not lay anybody off. It evaluates each employee on his or her merits, and determines whether or not to renew their contracts. “Tourism is a critical component of our economy, and it’s important to have the best team possible on its game every single day. That’s why the Ministry of Tourism was one of the few ministries, when it was set up, that determined all staff would be employed on a contractual basis.
“There are a number of people who, for whatever reason, don’t in the minds of the Ministry warrant a renewal of the contract. That’s almost normal and I had nothing to do with it. We have 400 employees. And it wasn’t 14. It was five. Minimal. It’s going to happen every year in the normal course of business.” Mr D’Aguilar said it had been critical to alter the Ministry of Tourism’s age demographic given the increasing tendency of 21st century travellers to research and book the majority of their vacations online. This trend, he added, needed to be matched by a similarly techsavvy workforce able to reach out and market to potential visitors using the mediums they employ.
“The MInistry of Tourism has employed over the last several years more than 30 millenials after a manpower audit revealed that only nine percent of staff were under the age of 30 yet those persons accounted for 90 percent of the resignations,” he told Tribune Business. “The Ministry of Tourism began to focus on getting bright young Bahamians into the Ministry, ensuring they were given engagements that gripped their interests and intellectually challenging assignments. “I think we’ve created a lot of successful opportunities for young people to pursue a career in our number one industry. I’m very proud of what we have here, and we’re trying to empower people
to achieve their goals. The manpower audit was very revealing,” Mr D’Aguilar continued. “There were a lot of people who were disenchanted and disaffected. We’re trying to reenergise them and make this a fulfilling environment for them. We have really shaken up the human resources department in a way that may not have existed in the past. “People who went overseas stayed overseas and never came back, blocking opportunities for other people in the agency to travel. We’re thinking of all these factors as we make a better and better workforce in this ministry. We won’t make everybody happy, but have shaken things up and made a difference.”
THE TRIBUNE
Monday, February 10, 2020, PAGE 9
To advertise in The Tribune, contact 502-2394
PAGE 10, Monday, February 10, 2020
THE TRIBUNE
NOTICE
MARKET REPORT www.bisxbahamas.com
(242) 323-2330
FRIDAY, 7 FEBRUARY 2020
(242) 323-2320
ALL SHARE INDEX: CLOSE: 2,217.07 | CHG: 4.14 | %CHG: 0.19 | YTD: -14.53 | YTD%: -0.65 BISX LISTED & TRADED SECURITIES 52WK HI 4.45 22.65 7.00 6.70 2.60 2.00 5.47 12.00 6.17 4.50 10.84 3.24 5.06 10.57 7.90 16.99 9.40 3.80 15.20
52WK LOW 3.35 20.91 5.50 5.38 1.60 0.67 2.00 9.50 5.60 3.95 6.35 2.53 1.76 8.00 6.30 12.38 6.80 3.01 13.50
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 Emera Incorporated Famguard Fidelity Bank Finco Focol J. S. Johnson
SYMBOL AML APD BPF BWL BOB BBL CAB CIB CHL CBL CBB CWCB DHS EMAB FAM FBB FIN FCL JSJ
1000.00 1000.00 1000.00 1000.00
1000.00 1000.00 1000.00 1000.00
Cable Bahamas Series 6 Cable Bahamas Series 8 Cable Bahamas Series 9 Cable Bahamas Series 10 Colina Holdings Class A Fidelity Bank Class A Focol Class B
CAB6 CAB8 CAB9 CAB10 CHLA FBBA FCLB
PREFERENCE SHARES
1.00 10.00 1.00
1.00 10.00 1.00
CORPORATE DEBT - (percentage pricing) 52WK HI 100.00
52WK LOW 100.00
115.92 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
104.79 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
SECURITY Fidelity Bank Note 22 (Series B) +
SYMBOL FBB22
Bahamas Note 6.95 (2029) 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 BGS: 2015-10-3Y BGS: 2015-10-5Y BGS: 2015-10-7Y
BAH29 BG0203 BG0105 BG0205 BG0107 BG0207 BG0130 BG0230 BG0303 BG0305 BG0307 BG0330 BG0403 BG0405 BG0407
BAHAMAS GOVERNMENT STOCK - (percentage pricing)
LAST CLOSE 3.35 17.43 6.00 6.68 2.10 1.62 3.80 11.61 6.00 4.34 6.49 3.48 4.60 10.67 7.60 15.05 9.33 3.60 15.20
CLOSE 3.35 17.43 6.00 6.68 2.10 1.62 3.80 11.61 6.00 4.34 6.49 3.50 4.60 10.73 7.60 15.05 9.33 3.69 15.20
CHANGE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.06 0.00 0.00 0.00 0.09 0.00
1000.00 1000.00 1000.00 1000.00 1.00 10.00 1.00
1000.00 1000.00 1000.00 1000.00 1.00 10.00 1.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
CLOSE 100.00
CHANGE 0.00
107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
LAST SALE 100.00 107.31 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
VOLUME
14,000
14
VOLUME
EPS$ 0.239 0.932 1.760 0.369 0.070 0.000 -0.438 0.722 0.449 0.184 0.140 0.102 0.467 0.646 0.728 0.816 0.939 0.203 0.631
DIV$ 0.170 1.260 0.000 0.260 0.000 0.020 0.000 0.720 0.220 0.120 0.000 0.434 0.060 0.328 0.240 0.540 0.200 0.120 0.610
P/E 14.0 18.7 N/M 18.1 N/M N/M -8.7 16.1 13.4 23.6 46.4 34.3 9.9 16.6 10.4 18.4 9.9 18.2 24.1
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 0.000
0.0 0.0 0.0 0.0 0.0 0.0 0.0
YIELD 5.07% 7.23% 0.00% 3.89% 0.00% 1.23% 0.00% 6.20% 3.67% 2.76% 0.00% 12.40% 1.30% 3.06% 3.16% 3.59% 2.14% 3.25% 4.01% 0.00% 0.00% 0.00% 0.00% 6.25% 7.00% 6.50%
INTEREST Prime + 1.75%
MATURITY 19-Oct-2022
6.95% 4.00% 4.25% 4.25% 4.50% 4.50% 6.25% 6.25% 4.00% 4.25% 4.50% 6.25% 3.50% 3.88% 4.25%
20-Nov-2029 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 15-Oct-2018 15-Oct-2020 15-Oct-2022
YTD% 12 MTH% 3.73% 3.73% 2.93% 2.93% 2.67% 2.71% 5.76% 5.76% 12.81% 12.81% 3.93% 3.93% 6.38% 6.38% 4.50% 4.50% 7.96% 7.96% 11.57% 11.57% 18.35% 18.35% 5.17% 5.17% 15.86% 15.86% 5.67% 5.67% 3.40% 3.40% N/A N/A 10.80% 2.60% 10.40% -4.00%
NAV Date 31-Dec-2019 31-Dec-2019 27-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019 31-Dec-2019
MUTUAL FUNDS 52WK HI 2.29 4.37 2.09 195.13 166.73 1.66 1.85 1.76 1.20 8.34 10.26 6.94 12.01 12.35 10.74 10.00 8.98 11.79
52WK LOW 1.67 3.04 1.68 164.74 116.70 1.60 1.74 1.69 1.12 6.41 7.62 5.66 8.65 10.54 9.57 9.88 8.45 11.20
FUND CFAL Bond Fund CFAL Balanced Fund CFAL Money Market Fund CFAL Global Bond Fund CFAL Global Equity Fund Leno Preferred Income Fund Leno Growth Fund Leno Diversified Fund Leno 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 Int'l Fund - Equities Sub Fund Royal Fidelity Int'l Fund - High Yield Fund Royal Fidelity Int'l Fund - Alternative Strategies Fund Colonial Bahamas Fund Class D Colonial Bahamas Fund Class E Colonial Bahamas Fund Class F
NAV 2.29 4.37 2.09 195.13 166.73 1.66 1.85 1.76 1.20 8.34 10.23 6.94 12.01 12.35 10.73 N/A 8.98 11.40
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 | COLONIAL 242-502-7525 | LENO 242-396-3225 | BENCHMARK 242-326-7333
PUBLIC HOSPITALS AUTHORITY
PRINCESS MARGARET HOSPITAL VACANCY PHARMACIST I The Public Hospitals Authority invites applications from suitably qualified persons for the post of Pharmacist I, Princess Margaret Hospital. POSITION SUMMARY: The Pharmacist I will assist in maintaining and reporting on the pharmacy’s inventory, operation and services; completes pharmacy operational routines; monitors job therapies; maintains the pharmacy records; directs and coaches Pharmacy Technicians and other personnel. The Pharmacist I will report to the Deputy Director, PMH. KEY ACCOUNTABILITIES FOR THIS ROLE INCLUDE BUT ARE NOT LIMITED TO THE FOLLOWING: • Interpreting and clarifying medication orders and applicable treatments directly from prescription/medication chart; • Maintaining patient records to monitor drug therapy for appropriateness and safety consistent with a high level of patient care; • Dispensing and supervising medications for the various pharmacy service areas; • Providing clinical services and undertaking managerial and supervisory duties; • Collaborating and assisting in formulating hospital and pharmacy service guidelines, policies and methodologies for regulating pharmaceutical services; • Complying with statutory regulations, pharmaceutical industry standards and maintaining a current statutory registration; • Initiating/coordinating audits of pharmacy operations, Medical, Nursing and Allied Health management units to assess compliance; • Keeping abreast of new legislation, trends, and alerts in the pharmaceutical industry. EDUCATIONAL/COMPETENCY REQUIREMENTS: • A Bachelor’s Degree or Diploma in Pharmacy; professional registration and three (3) years post qualification experience OR; • For serving officers, successful completion of the locally prescribed Phar maceutical training and a certificate of the competency under the Pharmacy Act, professional registration and five (5) years post registration experience; • Excellent communication skills (oral and written), computer skills. Letter of application and curricula vitae should be submitted to the Director of Human Resources, Public Hospitals Authority, Third & West Terraces, Centreville, P.O. Box N-8200, Nassau, Bahamas or via e-mail: jobs @ phabahamas.org no later than 14th February 2020.
30-Sep-2019 30-Sep-2019 30-Sep-2019
NOTICE is hereby given that ALEX ALCINA of Garden Hills #2, P.O.Box CB-12401 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 10th day of February 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.
NOTICE NOTICE is hereby given that FEDLYNE METEZE of Blackwood, Eleuthera, 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 10th day of February 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.