Tag: bahamas

BUSINESS

Bahamas Expresses FATF Blacklist Concerns

Bahamas Attorney General Carl Bethel said recently that the country faces the immediate imposition of a potentially devastating blacklisting by the European Union, effective October 1. Bethel said the Bahamas will likely remain on the Financial Action Task Force (FATF) gray list until at least February 2021. He said this pandemic has totally derailed efforts to get off this blacklist. […]

NEWS

Bahamas Gets IMF’s Help

The International Monetary Fund (IMF), is warning that the Bahamas is facing a deep recession due to the unprecedented crisis caused by the combination of COVID-19 and Hurricane Dorian. Mr. Tao Zhang, Deputy Managing Director and Acting Chair said, “The Bahamas was just recovering from the widespread destruction caused by Hurricane Dorian in the fall of 2019, when the pandemic […]

POLITICS

Bahamas Seeks To Cash In On Marijuana

The Bahamas has now joined several countries in their quest to decriminalize marijuana for medicinal and recreational purposes. Persons over 21 will be able to use the substance for recreational purposes. Marijuana will be permitted for medicinal use for persons over the age of 18. Adults will also be allowed to have a maximum of one ounce in their possession […]

POLITICS

Bahamas — No More Sugary Drinks!

Bahamas’ Minister of Health Dr. Duane Sands has recently announced that his government will be acting to ban all sugary drinks from all government healthcare facilities and public schools.  He said the ban will become effective on December 1, 2019. Dr. Sands lamented the fact the ban did not come sooner as the country is becoming more and more unhealthy. […]

POLITICS

Hurricane Dorian Leaves Death And Destruction In The Bahamas

The government has warned that the death toll from Hurricane Dorian will be staggering as the authorities reported that hundreds of residents remain missing. “The public needs to prepare for unimaginable information about the death toll and the human suffering,” Health Minister Dr. Duane Sands told reporters. “Make no bones about it, the numbers will be far higher,” he said. […]