All results / Stories
Bahamas in ‘better place’ for digital asset regulation
A FORMER Bahamas Financial Services Board (BFSB) chief executive yesterday asserted this nation had “no choice” but to regulate the digital assets industry and was now in a “better place” for doing so.
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.
‘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.
FTX donates 100 laptops to Ministry of Education
FTX DIGITAL Markets donated 100 laptops to the Ministry of Education, Technical and Vocational Training yesterday to assist teachers in need.
Registrar General’s digital ‘pilot’ in early 2023 launch
THE ATTORNEY General yesterday said the Registrar General’s Department will launch a “pilot” digital platform by the 2023 first quarter with the agency possibly being split into two separate sections.
Canadian banks charging highest late payment fees
The three Canadian-owned banks charge the highest fees for late mortgage and credit card payments, it has been revealed, with all bank levies decreasing during the 2022 first half due to the VAT rate cut.
China link-up for electronics to aid students
STUDENTS of Sadie Curtis Primary School are starting off the new school year with more technology at their fingertips, thanks to a unique community partnership between The Bahamas and China.
Digital asset ‘disruptors’ to shrug off EU blacklist
A Bahamian accountant is voicing optimism that this country’s latest threatened blacklisting by the European Union (EU) will have “minimal” impact on its ambitions to become a global digital assets and crypto hub.
‘Bahamas is open for business’
PRIME Minister Phillip “Brave” Davis said yesterday The Bahamas is “open and ready” for business and is moving to the forefront of innovative industries in crypto, digital assets, and carbon credits.
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”.
DEREK SMITH: How information and cyber security team
Over the past five years, the increase in data breaches, ransomware, legislation and third-party requirements have compelled companies to recognise the importance of comprehensive information security (infosec) and cyber security strategies.
Governor targets 1m Sand Dollar issuance
THE CENTRAL Bank’s governor yesterday said “steps” are being taken to draft legislation for the creation of the proposed movable collateral asset registry.
Investors ‘get wise’: RF funds up $60m
A Bahamian investment bank yesterday said total assets under management in its local currency mutual funds have increased by $60m year-to-date as investors “get wise” to the negative returns on bank deposits.
Speakers announced for Journey Home events
A HOST of speakers are to take part in events to mark October as African Holocaust Month, organised by Journey Home Group International.
BPL or roadworks? Bran’s $100k IT ‘hell’
A former Democratic National Alliance (DNA) leader says his law firm is trying to determine whether BPL or the Village Road roadworks is to blame for an incident that “fried” its IT servers, computers, Internet and cable TV services.
Renewable energy partnerships formed, says PM
THE government is moving ahead with its plans to harness renewable energy and has formed partnerships with two international entities to enhance infrastructural development to advance the country’s energy reform goals, according to Prime Minister Phillip “Brave” Davis yesterday.
Dollar on the rise
ActivTrades
What a stock market week. The euro reached a new 20-year low on Friday, while the yield on the ten-year Bund tested the 2 percent mark for the first time in nine years. The euro’s exchange rate fell to $0.97, while the yield on ten-year Bunds caught on around 1.95 percent after rising to 2.01 percent at the start of trading.
Jones, Sun force decisive Game 5
UNCASVILLE, Conn (AP) — DeWanna Bonner and Courtney Williams each scored 19 points to help the Connecticut Sun rout the Chicago Sky 104-80 last night and force a decisive Game 5 in their WNBA semi-final series.
Jonquel Jones and Sun lose Game 2
Las Vegas gets 85-71 win over Connecticut
LAS VEGAS (AP) — A’ja Wilson had 26 points and 10 rebounds to lead the Las Vegas Aces to an 85-71 victory over the Connecticut Sun last night in Game 2 of the WNBA Finals.
British officials in The Bahamas offer condolences
BRITISH officials and others reacted to the death of Queen Elizabeth II yesterday, offering condolences to the royal family.
