The world leading sand dollar
ActivTrades
LAST year The Bahamas became a global leader in e-money, after launching its own Central Bank Digital Currency (CBDC), the Sand Dollar, ranked number one in the PwC Global CBDC Index. A remarkable achievement for the nation, that captured headlines around the world. But what is a CBDC? Should other nations follow the example of The Bahamas? Why not instead adopt an existing cryptocurrency, like bitcoin, for example, like El Salvador did?
Water supplier challenged by 400% raw material increase
A Bahamian bottled water supplier says sourcing raw materials is the “challenge of the day” sparked by freight charges ballooning by over 400 percent.
Baker’s Bay to test charge for unvaccinated staff
BAKER’S Bay will today begin charging unvaccinated staff for mandatory COVID-19 testing while inoculated employees will be given test frees of charge until the Club hits its target of 70 percen of the workforce having received a jab.
Manufacturers: Sales returning but not close to 2019 levels
SOFT drink manufacturers have reported soft sales numbers despite the recent hot weather.
Luna owner’s ‘nightmare’ on $734k debt deadline
A Bahamian businessman yesterday said he is facing the “nightmare” prospect of losing his near 40-year investment in just 45 days’ time if he cannot pay a $734,222 tax debt owed to the Government
Bahamas at pre-COVID airlift by fourth quarter
A Cabinet minister yesterday predicted incoming airlift to The Bahamas will return to pre-pandemic capacity of 4,000 seats daily by the 2021 fourth quarter with airline confidence “going through the roof”.
Bahamas’ ‘first class fills before economy’
The Bahamas’ tourism rebound is seeing “first class fill up before economy class”, a Cabinet minister said yesterday, estimating that as much as 80 percent of the industry’s economic impact has returned.
Disney: ‘We’ve struck right tone’ on Eleuthera project
Disney Cruise Line’s president yesterday asserted the cruise line had “really struck the right tone” in balancing economic development with conservation at a Lighthouse Point project it hopes to start this year.
$35m Glass Window upgrade to be ‘world famous attraction’
The government’s $30m-$35m Glass Window Bridge replacement will combine “the most ambitious bridge building project” with “a world-famous tourist attraction”, the deputy prime minister revealed yesterday.
Doctors chief: Non-COVID patient care ‘under threat’
Doctor’s Hospital’s top executive yesterday warned that care for non-COVID patients is “under threat” as pandemic sufferers drive bed occupancy levels at its main hospital to near 80 percent.
Cable targets push on ‘hospitality TV’
A Cable Bahamas executive yesterday predicted that “hospitality TV” will be “big” for the tourism industry as it seeks to build momentum for greater nationwide penetration.
Sand Dollar set to enjoy ‘multiple security levels’
A Central Bank official yesterday said there are “multiple levels of security” to protect transactions involving the Bahamian digital currency, the Sand Dollar.
Provider: Cyber security must be national effort
A Bahamas information technology provider yesterday said the government is taking the “right steps” towards improved cyber security, but added: ‘It’s about all of us.”
‘This boom has legs’
Palm Cay’s developer is planning to invest a further $100m in accelerating its build-out by exploiting surging real estate demand, its top executive saying yesterday: “This boom has got some legs.”
Don’t ‘hide behind letter of law’ over beneficial owners
A prominent banker yesterday criticised the government for “hiding behind the letter of the law” in not providing beneficial ownership details on COVID contract winners to the Auditor General.
