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‘Free’ Sand Dollars to give currency lift

“Free” Sand Dollars will be issued to incentivise early adoption of a Central Bank-backed digital currency that remains “on the runway”, its governor said yesterday, despite a 305 percent circulation increase during 2021.

Seven-fold jump in Benchmark’s debt to clients no alarm

A BISX-listed firm has reassured investors that the seven-fold increase in monies owed to clients at year-end 2021 is no cause for alarm since it stems from $150m in securities trading activity.

Bahamas ‘leads pack’ over digital adoption

A senior Royal Bank of Canada (RBC) executive yesterday hailed The Bahamas as “a bit of a bellwether” for the Caribbean on digital payments adoption with more than 50 percent of its local clients now using such channels.

‘Increased criminality’ drove 6% suspect reporting growth

THE FINANCIAL Intelligence Unit (FIU) says the 5.7 percent increase in suspicious transaction (STR) and other reports received in 2021 was driven by “increased criminality” experienced during the COVID-19 pandemic.

Deandre Ayton: ‘What’s said is already said’

THE relationship between Phoenix Suns centre Deandre Ayton and head coach Monty Williams continues to be a point of contention for the franchise. Following a bitter end to the 2021-22 season and a lengthy contract negotiation in the offseason, Ayton addressed the relationship between the two on the first day of training camp.

Stephen Sears Jr and X-Men remain undefeated in the AUS

STEPHEN Sears Jr got his first start of the season and his St Francis Xavier X-Men won an early matchup of undefeated teams in Atlantic University Sport Football.

Downtown art district plan to put Miami, New York ‘second’

The Ministry of Tourism’s plans to transform downtown Nassau via creation of an “art district” will relegate similar spaces in New York and Miami to “second spot”, a senior official pledged yesterday.

Just two diseases cost taxpayer $35m

Just two diseases consume more than one out of every six dollars in the Government’s annual health budget, it was revealed yesterday, with its public clinics facing an “extraordinary requirement for improvement”.

COVID-19 controls ‘saved’ $900m external reserves

The Bahamas’ capital controls saved “around” $900m in external reserves at COVID’s peak, an economic researcher has estimated, while also helping to lower the Government’s annual interest burden by 2.5 percent of GDP.

Hurricane Ian could bring heavy rainfall

THE National Emergency Management Agency continues to closely monitor the track of Hurricane Ian which forecasters anticipate could bring heavy rainfall to the northwest Bahamas.

Ayton: ‘I’m locked in on getting better and starting training camp’

DEANDRE Ayton’s offseason contract situation and his role in his return to the Phoenix Suns were one of several highlights from the team’s media day.

Warning over dangers affecting the Bahamas

IN his address at the 77th United Nations General Assembly on Saturday, Prime Minister Phillip “Brave” Davis highlighted such ongoing challenges facing The Bahamas as the impact of climate change, irregular migration and the long-standing problem of gun trafficking to the country.

Jones and BIH look to get in the win column

Jonquel Jones and her Bosnia and Herzegovina (BIH) side remain winless thus far at the FIBA Women’s Basketball World Cup.

New asphalt plant commissioned

WORKS and Utilities Minister Alfred Sears commissioned a production facility, the Astec Double Barrel Six Pack Asphalt Plant, on Friday.

‘Let businesses set own rules over mask rules for customers’

GROCERY store managers said yesterday that while they support the lifting of the country’s mask mandate, they also believe businesses should be allowed to set their own mask wearing rules for customers.

Adelaide developer: Don’t ‘drop bomb’ on our costs

A Bahamian businessman yesterday warned he and his partners might have to “shelve” a $63m New Providence project if “prohibitively expensive” changes and conditions were imposed after Wednesday’s planning consultation.

Second murder in two days

POLICE are investigating a second homicide in as many days after a man was shot dead yesterday morning off Hamster Road.

PART I: Small island, huge impact - historical facts and truths about Taiwan

US House Speaker Nancy Pelosi’s recent visit to Taiwan was provocative, reckless and dangerous. The visit, which was the culmination of misguided US moves to challenge China’s core national interests, left the political foundations of China-US relations shaken and drew an expectedly strong reaction from China.

STATESIDE: Biden’s age, inflation and immigration record to be tested

POLITICIANS are quite comfortable lobbing verbal grenades at an incumbent president of the opposing party, and the current crop of Republican office holders and job seekers is no different. In the steady, numbing drumbeat of GOP criticisms of Joe Biden and his administration, the loudest seems to be about his age.

Bahamas among countries at risk of polio outbreak

THE PAN American Health Organization has warned that 12 countries in the region, including The Bahamas, are considered to be at high or very high risk of experiencing a polio outbreak.

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