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HUBERT EDWARDS: Bahamas requires open reckoning on challenges
The economic recovery for The Bahamas must be urgent, broad-based, strategic and focused on multiple areas at the same time. Every effort must take on a holistic approach, designed to secure fundamental and sustainable fixes for the issues that have plagued the country for decades, and create economic growth but not just for the initial recovery. Anything that is otherwise will be detrimental to the long-term well-being of the nation. In this piece, I look at some select areas of the recent Speech from the Throne.
12 more COVID-19 deaths
TWELVE more persons, including a 16-year-old boy, have been added to the nation’s COVID-19 death toll, according to the Ministry of Health.
Contractors: ‘Perfect storm’ over raw materials quotes
Bahamian contractors “cannot control prices” because quotes on building materials are holding for as little as 48 hours, with one saying yesterday: “It’s just the perfect storm.”
Small businesses fear supply crisis more than COVID
Bahamian small businesses view the global supply chain crisis as a bigger threat than COVID-19 itself amid growing anxiety over Christmas deliveries, a sector advocate disclosed yesterday.
State-recognised service for Farrington
A STATE-RECOGNISED memorial service will be held on Saturday for the late senator and veteran hotelier J Barrie Farrington.
Jones wins with Foxes on return to Euroleague
Following the best WNBA season of her career, Jonquel Jones was back on the court and joined the Russian powerhouse UMMC Ekaterinburg Foxes for the second week of FIBA Women’s Euroleague.
Buddy Hield closes in on franchise record, defeat for Deandre Ayton
Buddy Hield moved closer to a franchise record, Deandre Ayton fell short against the reigning MVP and Kai Jones still awaits his regular season debut following opening night for Bahamian players in the NBA.
STATESIDE: Powell led a distinguished career
THE flags outside American defense headquarters at the Pentagon were all flying at half-staff Tuesday. Right below them, the familiar black clenched-fist MIA-POW banner saluted those still unaccounted for in overseas conflicts. A stiff northwesterly breeze kept the flags fully unfurled.
FRONT PORCH: Prepare now for the next deadly wave
THE next COVID-19 surge is coming. Though it is not certain when the next wave will strike New Providence and Grand Bahama, or how severe it will be, another surge is certain. The country should begin preparing for the upcoming wave, now.
VAT bill ‘before end of the year’
BEFORE the end of this year the Davis administration expects to bring before Parliament three pieces of key legislation, including one that will decrease value added tax to 10 percent from the current rate of 12 percent.
Tourism rides supply chain ‘roller coaster’
Tourism’s post-COVID rebound will not be undermined by global supply chain woes, a top hotelier reassured yesterday, despite the industry enduring a logistics “roller coaster”.
‘Tenant took cheque book’
AN elderly woman has accused one of her tenants of illegally obtaining her cheque book and writing several cheques in her own name over a three-month period.
Fernander named to roster of Salt River Rafters
Detroit Tigers prospect Chavez Fernander received another major promotion on the path of his young Major League Baseball career.
Bahamian players star for European basketball clubs
TRAVIS Munnings and Kino Burrows each posted season high scoring efforts for their new clubs to top the performances of Bahamian basketball players on the pro circuit in Europe.
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.
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.
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.
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.
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.