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Resort aims to bridge 36% T&C rates gap
An Exuma-based resort yesterday said it is striving for “five-star rock star” performance to match high-end Turks & Caicos rivals and bridge a 36 percent room rate gap.
STATESIDE: Zuckerberg and Goodell dealing with controversies
FACEBOOK owner Mark Zuckerberg and NFL commissioner Roger Goodell are both in the news these days, for many of the same basic reasons. While neither is likely very happy about the situation, they can likely take some comfort from the fact that they are both very wealthy, powerful and influential. And even in the near term, both are likely to retain the outsized influence they wield, both in the U.S. and around the world.
Coalition chief optimistic VAT cut to boost revenue
The Coalition for Responsible Taxation’s head yesterday voiced optimism that the 10 percent VAT slash will generate more revenue than the current structure once zero ratings are eliminated.
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.
Jones and Foxes are still undefeated in EuroLeague
Jonquel Jones and her UMMC Ekaterinburg Foxes needed some late game heroics, but they rebounded from last week’s Super Cup final loss to remain undefeated in the FIBA Women’s EuroLeague.
It’s official: Rolle makes return to pro basketball
WALTIEA Rolle officially made her return to professional basketball and leads her club in a newly formed tournament to encourage competition between teams in Spain.
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.
Higgs in FIBA Eurocup, Nesbitt makes impact
VALERIE Nesbitt has had an immediate impact in her rookie season of pro basketball while Lashan Higgs made her first appearance with her new club in the FIBA EuroCup.
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.”
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.
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.
ALICIA WALLACE: We need to have our say at climate talks
IN less than two weeks, world leaders and activists will meet at COP26, the United Nations Climate Change Conference. The conference will be hosted by the United Kingdom in partnership with Italy. Parties that signed the 1994 United Nations Framework Convention on Climate Change (UNFCCC) treaty.
