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Potential flood warning for entire Bahamas

Residents throughout the archipelago should brace themselves for excessively prolonged rainfall throughout today and lasting through May 31, according to the National Emergency Management Agency (NEMA). 

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Date:
Updated:
TheBahamasInvestor.com
Tuesday, May 28, 2013
Tuesday, May 28, 2013

STORM WARNING Residents throughout the archipelago should brace themselves for excessively prolonged rainfall throughout the day (Tuesday) and lasting through Friday night, according to the National Emergency Management Agency (NEMA).

A broad area of moist unstable air extending southwest to northeast from the Caribbean Sea will generate heavy rainfall and thunderstorms across the entire archipelago. Conditions will be favourable for flash flood warning in low-lying areas.

Winds are expected to reach 30 miles per hour or more in embedded thunderstorms. Tornadoes are likely to be spawned from the thunderstorms.

A severe thunderstorm watch or warning with the possibility of tornadoes will be issued when the weather radar indicates it or sighted by spotters.


The Department of Meteorology is appealing to residents in flood prone areas to be prepared to evacuate at a moment’s notice. Residents are advised not to drive, walk or play in floodwaters as the depth can easily be misjudged. All efforts should be made to protect lives and property.

All advisories and notifications by the National Emergency Management Agency (NEMA) should be heeded.

Residents whose homes are not warranted sound should contact NEMA for information on the nearest shelter at: 242-322-6081/5

Scotiabank reported today second quarter net income of $1,601 million compared with net income of $1,460 million in the same period last year. Year over year, net income grew 10 per cent. Diluted earnings per share were $1.23, compared to $1.15 in the same period a year ago. Return on equity remained strong at 16.2 per cent.

Ultrapetrol (Bahamas) Ltd (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), announced yesterday its intention to offer to sell, subject to market and other conditions, $200 million aggregate principal amount of its senior secured notes due 2021.

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