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Banks not ‘betting against economy’
Top bankers yesterday rejected the Prime Minister’s assertion that they are “betting against The Bahamas’ economy” after it was revealed that a recent bond issue was just 40 percent subscribed.
Kerzner’s praise for Farrington
Two minutes ago I stumbled on my copy of the attached letter, apparently written to Barry Farrington by Butch Kerzner. I find it to be a profound and well deserved compliment to Barry. You may publish it if you wish.
Promotions 'on the way'
HUNDREDS of promotions held back since before the 2017 general election are on the way for government workers in the coming weeks, including those in the armed forces, State Public Service Minister Pia Glover-Rolle said yesterday.
Bastian, Williams inducted into Benedict Hall of Fame
Having persevered in almost similar fashion from humble beginnings, Bahamian triple sporting star Melinda Bastian and multiple distance running national record holder O’Neil Williams emerged as two of the top student-athletes ever produced at Benedict College.
PETER YOUNG: Small island developing states should speak with one voice
HAVING written only last week about COP26, the UN Climate Change Conference which opens in Scotland in less than one week, I hesitate to return to the subject today for fear of repetition. But there has been a significant new development and it may also be worth reiterating the importance of the conference to Small Island Developing States (SIDS) which include, of course, The Bahamas.
BPL’s Shell deal process ‘oblique’
Bahamas Power & Light’s (BPL) efforts to outsource electricity generation on New Providence were “oblique” and not fully transparent over a deal ultimately won by Shell North America.
$2m BPL microgrid winner’s deal offload
The winning bidder to develop Ragged Island’s $2m solar microgrid, on the same day it signed the deal with BPL, assigned all project rights to an entity that failed to make the final tender round.
Farewell to J Barrie Farrington
A STATE-RECOGNISED memorial service was held for John Barrie Farrington, 85, former senator and hotelier, on Saturday at Christ Church Cathedral.
Avoid furlough end ‘double whammy’
The Grand Bahama Chamber of Commerce’s president has warned that the furlough period’s end must be “well thought-out” to avoid inflicting a “double whammy” on workers and businesses.
Swimmer Davante Carey and Bearcats improve to 7-0
DAVANTE Carey had an active weekend for the McKendree Bearcats Swimming as the No.4 ranked team improved to 7-0 in dual meets this season.
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.”
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.
Prospect Ridge an experiment
Considered by American historians as one of the final great legislative achievements of the civil rights movement, the Fair Housing Act of 1968 was signed into law by President Lyndon Baines Johnson on April 11 (1968), seven days after the assassination of Dr Martin Luther King, Jr.
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.
‘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.
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.
