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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.
Retailer’s $10m spend creates up to 70 job
A Bahamian retailer yesterday said its $10m eastern New Providence investment, which has created 60-70 jobs, attracted more consumer traffic than expected during Saturday’s opening.
More Caribbean growth now on insurer’s ‘radar’
A Bahamian insurer says “there is something on our radar” for further Caribbean expansion as it bids to cut its reliance on this nation to just 55-60 percent of its annual business activity.
Rationale for non-profit bill ‘does not exist’
An outspoken QC yesterday argued that “the rationale for the Non-Profit Organisations Bill does not exist” because no such Bahamas-based group operates using foreign currency.
$95m overhaul promises to be end of BPL generation woe
THE acquisition and installation of seven new Wärtsilä tri-fuel generation engines by Bahamas Power & Light was yesterday pitched as the “end” to the utility provider’s longstanding electricity generation woes.
NHI’s $130m price tag ‘just govt's exposure’
The Minister of Health has confirmed that the much-touted $100m-$130m price tag for National Health Insurance (NHI) only covers “the government’s exposure” to the scheme.
INSIGHT: Smart move to cash in and settle with the numbers boys
AFTER the controversial decision by the government to introduce a sliding scale tax structure on the local gaming industry, people were split with some supporting the government and others lamenting local businessmen. Disdain for the gaming industry stems from a number of places. On one hand, many felt it was not in line with our standing as a “Christian nation”. Others feel the vice causes family issues and is a drain on society.
Arawak port’s profits beat forecast by $120k
The Nassau Container Port’s operator has beaten 2019 first-half profit expectations by $120,000 as it delivered on forecasts of a financial performance that will match 2018.
One last summer of BPL’s torment: Then cheaper bills and power that stays on
WHEN Finnish group Wärtsilä completes installation of a new electricity plant at Clifton Pier, Bahamas Power and Light Company Ltd would have ended the expensive practice of rental generators and “drastically” decreased the fuel surcharge on consumer’s monthly bills.
Brother of fallen marine delivers blistering attack on RBDF
“A NATIONAL disaster” is how the brother of slain Royal Bahamas Defence Force Petty Officer Percival Philip Perpall described the circumstances surrounding his brother’s murder, as he delivered a blistering attack on the RBDF yesterday during Perpall’s military funeral.
The national economic plan
So Dr Minnis is clearly dissatisfied with the Police....I reach that because of his release today criticising the Police.
NEMA urges 'be prepared' as Hurricane Matthew becomes category 4 storm
HURRICANE Matthew is expected to bring six to eight feet of storm surges, severe thunderstorms and several inches of rain as it moves through the Bahamas next week, Director of the Department of Meteorology Trevor Basden said on Friday.
EDITORIAL: Inagua’s hurricane myth shattered
TODAY’S Hurricane report in which residents were advised to rush the completion of their hurricane preparations as Hurricane Matthew had already started to affect Inagua reminded us of the day that Inagua’s hurricane myth was shattered.
Abaco FNM chairman says Key offfered ministry role by Minnis
THE Free National Movement’s Central and South Abaco Constituency Association Chairman Victor Patterson yesterday defended FNM Leader Dr Hubert Minnis against accusations of betrayal and dishonesty levelled by area MP Edison Key last week regarding his candidacy snub.
Minnis calls for all hands on deck
FREE National Movement Leader Dr Hubert Minnis yesterday said the FNM will need “all hands on deck” to vote the Progressive Liberal Party government out of office as he heralded Election Day, May 10, as a day that will bring change.
Health HQ not fit
IN response to your front page story “health HQ not fit for workers” dated July 12, 2017, I cannot in good conscience sit any longer without voicing an opinion of completely resolving the mould issue facing government and their buildings where thousands of good Bahamians are complaining of various kinds of illnesses like allergies, red eyes, coughs, skin rashes and many more of unknown etiology.
NIB creates new fears of ‘fiscal crisis’
The National Insurance Board’s (NIB) unfunded liabilities “could trigger a fiscal crisis” beyond the-near $7 billion national debt within the next 12 years unless radical reforms are enacted, the Inter-American Development Bank (IDB) has warned.
Helping domestic batterers change their behaviour
In April 2011, a 42-year-old Bahamian woman was “chopped” to death by her lover, now serving a 57-year sentence at Her Majesty’s Prison, with a cutlass that bore the message “this what cheaters get”. It was noted that the woman’s lover felt justified
PUBLIC SPENDING TO RISE 'LESS THAN 0.1% OF GDP' VIA WAGE FREEZE END
By NEIL HARTNELL Tribune Business Editor Lifting the civil service wage freeze will increase public spending by a sum equivalent to "less than 0.1 per cent of GDP", the Government believes, its major difference with the International Monetary Fund (IMF)
