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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.
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.”
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.
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.
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.
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.
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.
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.
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.....
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.
Ex-minister: Ditch RBC over zero deposit rates
A former Cabinet minister yesterday urged Bahamians to pull their money from Royal Bank of Canada (RBC) after it cut interest rates on savings accounts and term deposits to zero.
Entrepreneur relives exporting ‘nightmare’
A Freeport entrepreneur yesterday branded exporting a “nightmare” due to costs that are more than quadruple product prices and delays encountered in getting sales to customers.
