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Digital is financial future in Bahamas
With the rise of smartphone adoption across the Caribbean, many industries have sought innovative ways to engage consumers by digitising their services. The banking industry is no different, as companies seek to establish future financial trends. As proven by the launch of the Sand Dollar, the world’s first Central Bank Digital Currency (CBDC), the Bahamas’ financial services sector is now looking to transform its legacy infrastructure by going digital to improve its security, lower costs and grow the customer base. Initially rolled out in Exuma and Abaco, as of March 2021, nine digital wallet providers circulated $130,000 worth of digital Bahamian dollars throughout the entire archipelago.
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Coral farm ‘showcase’ eyes 1m annual target
The Bahamian winner of Prince William’s £1m Earthshot prize yesterday disclosed it is targeting production of 1m coral pieces per year to help “showcase” this nation’s environmental credentials.
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GB Power promises $50m network spend
Grand Bahama Power Company yesterday pledged to invest $50m over the next five years to maintain its network infrastructure, and admitted: “No one wants to see rates increase.”
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GB Power critic: Rate increase is ‘last straw’
Businesses and civil society yesterday united against Grand Bahama Power Company’s proposed electricity rate increases, with some branding it “the last straw” and warning of protests to come.
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Tow truck driver: I did not knock down work colleague
A wheelchair bound tow truck driver denied knocking his colleague down with his vehicle when he was questioned in police custody, a court was told.
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Poultry farmer: ‘It’s like we’re spinning on hamster wheel’
An Abaco poultry farmer yesterday said the agriculture industry would become more appealing to entrepreneurs and investors if the Government eliminates tiresome bureaucracy.
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Cable Bahamas readies for growing cyber threat
Cable Bahamas is “simplifying tasks” and “reducing compliance costs” as its moves to combat fraud in a period of accelerated “digital transformation” driven by COVID-19.
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EDITORIAL: Dream turned to nightmare for sporting stars
WHAT is the point of a promise if it remains unfulfilled?
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Bank loss leaves Family Islands ‘out of economy’
Exuma’s Chamber of Commerce yesterday said it is aiming to engage the Government over the “devastating” impact the island has suffered from losing “two-thirds” of its bank branches.
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Golden Girls’ gift also held up by govt
THE Golden Girls’ troubles with government gifted land have been dragging on since 2002, according to Olympian Pauline Davis-Thompson, who described the situation as a “secret” kept under wraps to avoid embarrassing the government.
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Man shot dead as he sat in car
A MAN died in hospital after he was shot while in his car yesterday morning.
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Three Bahamian players set for their NBA season debuts on Wednesday
The 2021-22 NBA season officially tips off tonight in major cities across the United States but all three Bahamian players will make their season debuts on Wednesday night, hoping to open the regular season on a positive note.
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Gibson leads Huskies to two victories
Qyemah Gibson has emerged as an offensive leader for the St. Mary’s Huskies this preseason and has set the tone for lofty expectations in the 2021 campaign.
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Ayton and Suns contract negotiations reach impasse
Contract negotiations between Deandre Ayton and the Phoenix Suns have reached an impasse.
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Minnis blasts ‘disastrous’ response as 18 more die
WITH 18 new deaths reported over the weekend pushing the nation’s COVID-19 death toll to 626, former Prime Minister Dr Hubert Minnis castigated the government saying its response to the virus has been “disastrous”.
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BPL: 63% of Abaco customers connected
Bahamas Power & Light’s (BPL) chief operating officer says just 63 percent of the company’s Abaco customers have “returned to base” after Hurricane Dorian devastated the island in 2019.
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Jonquel unanimous pick for all-WNBA team
JONQUEL Jones received her final award of an accolade filled 2021 WNBA season.
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Strachan shines in breakout game for the Golden Rams
PRINCE Strachan had a breakout game of the season on senior night for his John Carroll High School Golden Rams.
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STATESIDE: 10 years without a US Ambassador
AS you may have noticed, ten months into the Biden administration, we still don’t have a sitting American Ambassador here in Nassau. As a matter of fact, for those not keeping score on such matters, within five weeks, it will have been fully ten years since a Senate-confirmed U.S. envoy has overseen the work of the large American Embassy still located on Queen Street downtown until the new U.S. embassy headquarters building is ready for occupancy. Do you remember who was the last American ambassador to The Bahamas?
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A COMIC'S VIEW: All that it took to get people vaccinated was Black Friday
I COULD go so many ways this week; the material has been in abundance.
