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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.
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.
Adrian Gibson’s lawyer pushes for another justice
THE lawyer representing Long Island MP Adrian Gibson in his corruption trial continued to push for his case to be transferred to another justice.
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.
MP Adrian Gibson back in court today
LONG Island MP Adrian Gibson will be back in court today over corruption allegations before Justice Cheryl Grant-Thompson despite his lawyer’s objection to the move.
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.
Hield optimistic about potential of pacers’ young core
CHAVANO “Buddy” Hield was the focus of trade rumours for months, but after his first offseason as a member of the Indiana Pacers, the veteran guard is optimistic about the potential of his team’s young core for the 2022-23 campaign.
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.
Marlins sweep Titans, make it to finals
ACE pitcher Thomas Davis liked what he saw from his Sigma Blue Marlins as they swept aside the Atlantis Titans in two straight games to advance to the New Providence Softball Association men’s championship series.
8PM SKYGuard | Bahamas Dept of Meteorology projected track of Invest 98 (L)
8PM SKYGuard | Bahamas Dept of Meteorology Real-Time satellite long range projected track of future tropical cyclone Invest 98 (L)
Adrian Gibson and co-accused plead not guilty
LONG Island MP Adrian Gibson pleaded not guilty on Friday to charges of corruption while serving as executive chairman of the Water and Sewerage Corporation under a former administration.
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.
