By Shanieka Smith
#TheBahamas, February 7, 2023 – Several employees of FTX Digital Markets have been made redundant. The joint provisional liquidators have also indicated that the company is not in a financial position to make redundancy payments. Instead, employee redundancy payments will be considered a “preferred claim” against the company.
The termination letter showed that the employees are terminated with effect from January 31. The company reportedly had some 40 Bahamian staff. It was unclear, however, how many staff members had been terminated.
Employees’ salaries for the last pay periods had been paid out in full, as such, they will have no claim against the company for salary during this period.
The Supreme Court of The Bahamas placed the FTX Digital Markets into provisional liquidation last year. This came after the then CEO, Sam Bankman-Fried face federal charges, including wire fraud, securities fraud, and money laundering – all in relation to the collapse of FTX, which sank into bankruptcy last November. Bankman-Fried pleaded not guilty last month.
Grand Bahama to be CARGO HUB, as Bahamas & Qatar ink MOU
#TheBahamas, September 29, 2023 – With moves to deepen ties, governments of The Bahamas and Qatar have signed a Memorandum of Understanding (MOU) to solidify agreements in principle surrounding the development of aviation and other related services.
This is according to Chester Cooper, The Bahamas Deputy Prime Minister and Minister of Tourism, Investment and Aviation in a Facebook post.
This comes after The Bahamas Government in a press release on September 24th, revealed that Cooper, was set to meet with the head of Qatar Airways to have talks regarding “multiple mutually beneficial aviation opportunities for both countries.”
The release also said the deputy prime minister and the Bahamas Ministry of Tourism, Investment and Aviation are working on “forging strategic partnerships with several Middle Eastern countries to strengthen ties to The Bahamas and the Caribbean,” and this new signing is indicative of such efforts.
Following the September 25th signing, on September 27th, Kenneth Romer, Deputy Director General of Tourism for The Bahamas informed via Facebook some details of the agreement saying, “we have now established a framework for cooperation and formed strategic partnerships with Qatar Airways, Qatar’s Transport, Aviation and Investment Agencies and The Qatar Aeronautical Academy, that will benefit our country.”
Regarding further efforts for the improvement of The Bahamas, Cooper announced on Facebook again on Tuesday September 26th that both countries are working to make Nassau a passenger hub for Latin America and the Caribbean adding that talks are being held for Grand Bahama as a cargo hub.
Additionally, as the press release informed, Cooper is preparing for an on ground visit of Bahamasair domestic operations by Qatar Airways Technical team sometime in October.
CUBAN MIGRANTS DETAINED ALONG EXUMA CHAIN
Defence Headquarters 28 SEP ’23: HMBS P-45 under the command of Chief Petty Officer Acadia Smith detained a group of Cuban migrants in Cistern Cay, Exuma on September 27, 2023, due to information received from a Good Samaritan vessel in the area that handed them over to the Royal Bahamas Defence Force.
Members of HMBS P-45 retrieved twenty-eight (28) Cuban nationals and transported them to HMBS Coral Harbour in New Providence. All individuals appeared to be in good health and will undergo further processing and assessment by Immigration officials.
The Royal Bahamas Defence Force remains dedicated to the pursuit of excellence in guarding our heritage and appreciates the sharing of information and intelligence provided by the boating community to affect migrants and other unlawful interdictions at sea.
(For additional information, contact the RBDF Public Relations Department or visit our official website at www.rbdf.gov.bs. Connect with us on Facebook and Twitter for the latest updates and explore our engaging content on our YouTube channel).
CTO mourns the passing of former chairman Obediah Wilchcombe
#BARBADOS (September 26, 2023) – The Caribbean Tourism Organization (CTO) deeply mourns the loss of distinguished Bahamian leader and former chairman of the inter-regional body, Obediah Wilchcombe.
“We extend our heartfelt prayers and condolences to Minister Wilchcombe’s family, as well as the government and people of the Bahamas. He was a true champion for the people of the Bahamas and the wider Caribbean region,” remarked Kenneth Bryan, CTO Chairman and Minister of Tourism and Ports of the Cayman Islands.
Chairman Bryan recalled Minister Wilchcombe held the position of CTO Chairman twice (2002-2004 and 2016-2017) while serving as Minister of Tourism for the Bahamas, and contributed significantly to the advancement of sustainable tourism development in the Caribbean.
Chairman Bryan noted that the CTO plans to honor the life and legacy of “this eminent Bahamian leader” at the organization’s upcoming business meetings and the State of the Industry Conference (SOTIC) in Turks and Caicos next month.
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