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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.
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.
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.
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”.
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.
Minnis blasts ‘disastrous’ response as 18 more die
WITH 18 new deaths reported over the weekend pushing the nation’s COVID-19 death toll to 626, former Prime Minister Dr Hubert Minnis castigated the government saying its response to the virus has been “disastrous”.
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.
Bridgewater leading scorer with 22.4 points per game
DOMNICK Bridgewater continues his dominant play in his second stint in France’s NM2 League.
CIBC: ‘Business as usual’ for Bahamas despite regional sale
CIBC FirstCaribbean yesterday said it was “business as usual” for its Bahamas operations despite its move to exit five smaller regional jurisdictions.
Family Island resorts ‘psyched’ on rebound
A senior tourism executive yesterday said Family Island hotels are “pretty psyched” about the upcoming winter season as they remain on track to beat 2021 forecasts by near 20 percentage points.
Activist: Disney ‘first test’ for Gov’ts words, actions
Activists yesterday said Disney’s Lighthouse Point project will be “the first test” for the Davis administration when it comes to “matching words” in Opposition to “actions” when in government.
COVID death tally passes 600 milestone
THE Bahamas achieved another grim milestone over the weekend after the number of confirmed COVID-19 deaths reached 605, with one senior physician warning the country could be grappling with another coronavirus surge.
