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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.
ALICIA WALLACE: We need to have our say at climate talks
IN less than two weeks, world leaders and activists will meet at COP26, the United Nations Climate Change Conference. The conference will be hosted by the United Kingdom in partnership with Italy. Parties that signed the 1994 United Nations Framework Convention on Climate Change (UNFCCC) treaty.
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.
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.
The perfect storm
ActivTrades
There is still a shortage of containers all over the world. The ships are jammed in the ports, for example, in Los Angeles. The pandemic is disrupting global trade.
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.
PETER YOUNG: Will climate conference really make a difference?
PEOPLE have been talking about the upcoming climate summit for so long that it is hard to believe it is now really upon us. Under the presidency of the UK, the 2021 UN Climate Change Conference will take place in Glasgow, Scotland’s largest city, from 31 October to 12 November.
Farmers ‘frustrated’ by rampant red tape
An agriculture entrepreneur yesterday urged multiple government ministries to slash the bureaucratic processes that are “frustrating” farmers and impeding a “time sensitive” industry.
Mitchell pays tribute after death of Colin Powell
FOREIGN Affairs Minister Fred Mitchell issued a statement on the death of former United States Secretary of State Colin Powell, saying he was “an example of success as a Black man in America”.
‘Lessons will be learned’ from election organisation
WITH some Bahamians feeling that the organisation of the recent general election was substandard, Parliamentary Commissioner Lavardo Duncanson said lessons have been learned and will be taken into consideration.
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.
Ayton and Suns contract negotiations reach impasse
Contract negotiations between Deandre Ayton and the Phoenix Suns have reached an impasse.
Jonquel unanimous pick for all-WNBA team
JONQUEL Jones received her final award of an accolade filled 2021 WNBA season.
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?
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.
Bank branches shrink 30% in seven years
The number of commercial bank branches in The Bahamas has declined by almost 30 percent over the past seven years, the Central Bank’s governor revealed yesterday.
Abaco resorts in up to 80% rebound despite difficulties
Abaco resorts yesterday said business has rebounded to almost 80 percent of pre-COVID levels as they bid to overcome staffing, housing and utilities woes created by Dorian and the pandemic.
Costs, costs and more costs to bear
Well the Camelot celebrations are all over…$’000’s spent on hats…wonder how much Tax arrears the 1000 chosen owed the Treasury had enough to embellish themselves but.....
Basketballers Munnings, Burrows and Fritz shine across Europe
BAHAMIAN basketball players have continued their respective seasons in leagues across Europe.
FRONT PORCH: Vaccine mandates and requirements needed to save lives
A colleague cum friend becomes apoplectic when discussing those refusing to be vaccinated against COVID-19, putting others, including family members, colleagues and strangers at risk of getting gravely sick or dying.
