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Sandals Royal Bahamian Resort Grand Opening

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#TheBahamas, February 11, 2022 – The award-winning, Luxury Included® Sandals Royal Bahamian Resort and Offshore Island welcomed its first guests last Thursday following a $55 million renovation, the first of a series of milestones in this commemorative 40th anniversary year for the Sandals Resorts brand. Situated on 15 sprawling acres, the 404-room Sandals Royal Bahamian revels in the easy-going spirit of the Bahamas to entwine all experiential touchpoints – from the pastel pink of the flamingo to the vibes of traditional Junkanoo.

“Twenty-six years ago, my father and our founder, Gordon ‘Butch’ Stewart, was drawn to The Bahamas by its natural beauty and charming locals, which makes it very special for us to be presenting today a fully transformed resort that celebrates this unique destination as much as his legacy,” said Sandals Resorts Executive Chairman Adam Stewart. “It has always been in our DNA to be forward thinking and lead the way in innovation, and this significant investment to enhance and evolve the Sandals Royal Bahamian experience is a testament to our commitment to our beloved guests and our valued agent community by delivering a trusted brand they can continue to sell with confidence. It’s a new day in Nassau, and a genuine honor to share this milestone with all who form part of our Sandals family.”

The opening ceremony brought together leaders and dignitaries from across the Caribbean for a commemorative ribbon cutting, including Prime Minister of The Bahamas, The Honourable Philip Davis, QC, MP; Deputy Minister & Minister of Tourism, Investment & Aviation of The Bahamas, The Honourable I. Chester Cooper, MP; Minister of Labour of The Bahamas, The Honourable Keith Bell, MP; Prime Minister of Jamaica, The Most Honourable Andrew Holness, ON, PC, MP and more.

“I am extremely delighted to see the expansion of the Sandals brand and the reopening of the Royal Bahamian property,” said The Honourable Philip Davis, QC, MP, Prime Minister of The Bahamas. “Not only does this translate into jobs for our people but it further diversifies our tourism product and hotel inventory as we are rebounding from this pandemic. So far the numbers have been encouraging and no doubt with the Sandals Royal Bahamian property back, we expect the growth to continue. I salute Adam Stewart for continuing his father’s visionary leadership.”

The grand opening events also included the presentation of the 2021 Stewart Family Philanthropic Award to the Bahamas National Trust (BNT), whose work to protect and restore the over two million acres of land and sea under its purview will continue with the development of a primary level environmental curriculum for students and educators, funded by the Sandals Foundation – the philanthropic arm of Sandals Resorts. The award celebrates good stewards who embody a strong commitment to the wellbeing of the communities, families, and environments of the Caribbean.

This afternoon and into the evening, resort guests will also join the celebration at a special tribute to admire the reopened resort’s very first sunset, complete with Bahamian entertainers, music from the islands, delectable dishes, and a spectacular display of fireworks to light up the Bahamian sky.

Bahamas News

Digital coin created for Caribbean’s Dominica as island partners with Huobi

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By Shanieka Smith

Staff Writer

 

December 2, 2022 – The Commonwealth of Dominica has partnered with cryptocurrency exchange Huobi, to issue its own national cryptocurrencies, Dominica Coin (DMC), and Digital Identity Documents (DID), already reports indicate a surge for the Huobi token.

This new collaboration with Dominica will bring the Caribbean one step closer to being a global cryptocurrency exchange centre.  Huobi also announced its intention to move headquarters from Seychelles to the Caribbean.

It was explained, “The deal is noteworthy partly because of its connections to crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island’s new token will initially reside.”

Dominica Coin (DMC) and digital identity documents (DID) will be issued by Huobi Prime via the TRON network (a project dedicated to building the infrastructure for a truly decentralized Internet); both will serve as credentials for the future metaverse platform based in Dominica. DIDs can be used for cryptocurrency Know Your Customer verification, applying for loans, and opening bank accounts on the island.

The DMC is not yet ready for launch, but The HT token is up 15% over the last 24 hours to $7.12. It’s up 40% over the past seven days.

As one of the first Caribbean islands to adopt the citizenship-by-investment policy, the Dominican government is seeking to delve into the metaverse and Web3 technology as a means to boost the country’s development.

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Imminent Worldwide Measles Threat; 25 Million CHILDREN miss First Dose

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By Dana Malcolm

Staff Writer

 

December 2, 2022 – Forty million children are at risk of Measles as what the World Health Organization is describing as an “imminent threat” takes shape. A joint report between the WHO and the U.S. Centres for Disease Control revealed that a record number of children missed their measles dose with 25 million children missing their first dose and 14.7 million children missing their second dose in 2021 alone.

Nine million cases of measles were recorded last year, twenty-two countries experienced large and disruptive outbreaks and 128,000 deaths occurred, the report says.

“The paradox of the pandemic is that while vaccines against COVID-19 were developed in record time and deployed in the largest vaccination campaign in history, routine immunization programmes were badly disrupted, and millions of kids missed out on life-saving vaccinations against deadly diseases like measles,” said Dr. Tedros Ghebreyesus, WHO Director-General.

Measles is easily one of the most contagious viruses in the world and while many people think itchy spots when they think of the disease it can cause pneumonia, seizures and brain damage in about 30 percent of infected individuals.

Herd immunity will not work with this disease, say experts, unless 95 per cent of people or more are vaccinated; only 71 per cent of children in 2022 are fully vaccinated.

“Measles anywhere is a threat everywhere” the report said, emphasizing that no WHO region has achieved and sustained measles elimination.

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FTX founder Sam Bankman-Fried admitted he’d screwed up

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By Shanieka Smith

Staff Writer

 

December 2, 2022 – An interview with FTX founder Sam Bankman- Fried on Wednesday at the DealBook Summit revealed that there were no risk management teams or form of corporate control to help govern the organisation.

Bankman-Fried resigned from his position in November following a liquidity crisis that resulted in the loss of billions in customer funds.

The CEO said he was shocked by what had taken place.  While he had made loans to his hedge fund Alameda, Bank-Fried said he did not intentionally commingle the funds.

Bankman-Fried acknowledged that he had a responsibility to the company and all its customers but he “screwed up.” “There was no person who was chiefly in charge of positional risk of customers on FTX, and that feels pretty embarrassing in retrospect,” he shared.

The investigation is ongoing and it still needs to be clarified whether customers will be able to regain any funds.

Former Securities and Exchange Commission lawyer Howard Fischer said that Bankman-Fried’s comments are being scrutinised.  “Everything he says that turns out to be contradicted by admissible evidence will be taken as evidence of deceit.”

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