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CIBC Country Manager announces Expansions, Access to loans and new Credit Card during TCI Business Outlook

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Danae Dennie

Staff Writer

 

 

#TurksandCaicos, June 18, 2024 – On June 7th 2024 CIBC’s Country Head, Terrance Gibson, shared that CIBC will be expanding their ABM Network in Grand Turk and South Caicos, modernizing banking and doing a rebrand of the company, at the Inaugural Turks and Caicos Business Outlook.

The theme for this event was “Opportunities for Growth and Inclusion for All TCI Stakeholders.”

Gibson expressed that CIBC will be exploring new financial products and payment solutions. They plan to expand their ABM Network footprint by adding an ABM at the Grand Turk Branch.

When asked about bringing a bank to South Caicos, Gibson said CIBC will mainly be focusing on improving banking services in Grand Turk and Providenciales however an ABM has been approved for South Caicos but a specific timeframe was not given.

He shared that they will be improving their diversity initiatives by allowing their ABMs to have Spanish and Creole language options.

Gibson shared that all banks will engage in electronic funds transfer, to assist with the electronic transfer of money from one bank to the other via computer based systems without direct human intervention.

“This will be a concrete step in transforming TCI into a more cashless society, TCI right now is heavily cash intensive,” said Gibson.

He also shared that the Financial Services Commission (FSC) will be reviewing legislation to ensure financial institutions are provided with regulatory capabilities in order to keep pace with the changes in the global financial sector.

Gibson, during his presentation expressed satisfaction with the goal of CIBC loan stores which allow loans to be applied for and received within minutes. These loan stores have been in operation since last year and the company hopes to allow more consumers to tap into the opportunities at the bank.

Additionally, CIBC plans to launch a Prepaid debit MasterCard in the latter part of the year.

Gibson said “This will be a game changer for companies that issue a large number of cheques to the same persons on weekly or monthly basis, they will be able to obtain a number of prepaid cards for their businesses and assign them to workers and vendors… this will facilitate less administrative work and reduce time lost.”

Gibson shared recent rebranding of the bank is a testament to CIBC’s dedication to adapting to the evolving needs of their clients and the dynamic landscape of the financial service industry, which he also identified will come through growth, innovation and service excellence as part of adopting the CIBC brand.

Gibson encouraged clients to be confident in CIBC’s ability to meet their financial goals and thanked the TCI community for their continued trust and partnership.

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Department of Social Development and Welfare calls for community support in Foster Care

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#TurksandCaicos, June 25, 2024 – The Department of Social Development and Welfare conducted several recruitment drives across the Turks and Caicos Islands, engaging stakeholders, potential foster carers, and advocates to highlight the urgent need for foster carers. These events raised awareness of the importance of foster care, highlighting the role it plays in providing safe and nurturing environments for children in need and emphasising the overall impact it has on the lives of these children.

The Department of Social Development and Welfare is issuing a heartfelt call to the community to continue to support its foster care recruitment initiative, as the demand for loving, stable foster homes has never been greater. The department urges compassionate individuals and families to consider opening their hearts and homes to children in need.

The Turks and Caicos Islands can pave the path for a brighter future by forging a stronger, more supportive community for children in need.

The Department of Social Development and Welfare is calling the public to come together and support this vital cause by:

  1. Spreading the Word: Help the Department of Social Development and Welfare reach a wider audience by sharing information about foster care with friends, family, and community groups.
  2. Volunteer: There are many ways to support foster children and foster families through volunteer efforts.
  3. Donate: Financial contributions can help provide essential resources and support services for foster children and families.

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Bahamas News

Ready or Not, African and Caribbean Artists set the stage on Fire at AfreximFest in Nassau

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Danae Dennie and Deandrea Hamilton

Editorial Staff

 

#TheBahamas, June 25, 2024 – ‘Ready or Not’ AfreximFest is sizzling finale, capping of concert spectacular with Haitian superstar, Wyclef Jean.

This year, AFREXIMFEST 2024 was held for the first time in the Caribbean region, The Bahamas hosting the three days of meeting in Nassau at the Baha Mar resort.

It is a rich tradition for the African Export-Import Bank (Afreximbank) to celebrate the rich cultural contributions throughout the various industries and the orange economy is a major highlight.

The concert was MC’d by Nigerian radio personality and television presenter IK Osakioduwa and featured artists from The Bahamas, the continent of Africa and Trinidad and Tobago.

Nigerian Artiste, Flavour brought spunky afro beats, Fanshawn delivered on the down home Bahamian rake n scrape sound with impeccable showmanship; Oudun drummers from Brazil were a pulsating show stopper and Trinidad and Tobago’s KES the Band thrilled the audience with performances of its wildly popular soca hits including ‘Savanah Grass’.

Making a dramatic entrance with his Fugees hit, ‘Ready or Not’ was Grammy Award winning Wyclef Jean.  The Haitian rapper, singer, producer and songwriter, set the audience in a frenzy with his rendition of  Fugees version of the Roberta Flack remake of ‘Killing me Softly’; Bob Marley’s ‘No Woman, No Cry’ and hits he authored for Carlos Santana and Shakira, namely: ‘Maria Maria’ and ‘Hips don’t Lie’. However, it was arguably, ‘911’ his chart topping duet with Mary J. Blige that set the audience ablaze, joining in singing of the song as he wowed onlookers with his salacious guitar solo which showed off Wyclef’s enviable skills on the instrument.

The event and its amazing line up of singers, dancers, comedians and master DJs forged further, the message of solidarity and partnership which became recurring  pitch phrases at the meetings.  Music proved an ultimate unifier yet again, as AAM2024 wrapped up with stellar reviews from those who packed the concert hall.

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The Electoral Boundaries Commission invites public to submit comments on draft report

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Providenciales, Turks and Caicos Islands – Tuesday, 25 June 2024: The Electoral Boundaries Commission has released a report that provides crucial insights into the voter population in the electoral districts across the Turks and Caicos Islands.

The commission, in its commitment to democratic processes, earnestly invites the public to participate actively by submitting their valuable comments on our draft report before 12 p.m. Friday, 5 July 2024.

 Section 60 states:   “60. For the purpose of the discharge of its functions, a Commission—

(a) may invite views from members of the public;

(b) shall consult the public about a draft of its report; and

(c) may seek such advice as it considers appropriate.

The Electoral Boundaries Commission has completed the draft report and, as per Section 60 (6), seeks to send it to the public for consultation.

The Commission’s activities and responsibilities are set out in Section 61 of the Constitution, which provides:

  1. (1) A Commission shall, as soon as practicable after its appointment, review the Boundaries of the electoral districts into which the Islands are divided; and submit to the Governor and the House of Assembly a report either—

(a) stating that, in the opinion of the Commission, no change in those boundaries is required; or

(b) recommending the changes in those boundaries specified in the report.

(2) In determining its recommendations under subsection (1) (b), and in determining whether or not to recommend any changes in the electoral district boundaries, a Commission shall ensure that the electoral districts contain, so far as is reasonably practicable, approximately equal numbers of persons qualified to be registered as electors.

 Summary of the Report

As a first simplistic estimation, the total voter population of 9381 was divided by ten, representing the ten electoral districts. That resulted in the target quota of 938 voters (“target quota”) for each electoral district.

The overall trend saw increased voter population data in Providenciales and Grand Turk, with a minimum population increase in South Caicos, North and Middle Caicos. The increase in voter population in Providenciales is noted in all districts.

Because of the disproportionate growth of voters in these areas the Commission is of the opinion that a more equal distribution can only be achieved by significant adjustments of the boundaries and these can only be effected in certain contiguous districts. However, the technical professionals in the Crown Land and Surveying Departments have advised the Commission of the danger of arbitrarily adjusting the boundaries, as the maps do indicate where few electors may live in a large geographic area, while smaller areas may contain large numbers of electors. The Commission understands that this can only be obtained through a RE-REGISTRATION process, in which all voters will re-register.

The Commission, therefore, agreed that, except for Grand Turk, all electoral boundaries in Providenciales should remain the same until information is available to determine the number of electors on the ground.

Therefore, the Commission will visit all islands in the Turks and Caicos Islands during the week of July 8th to 12th, 2024, to consult the public on the report’s findings.

All submissions must be sent via email to williamsjuliae@gmail.com

https://drive.google.com/file/d/12kVorjoivMhD9aqPKoaYY0_zvsLYUmdz/view?usp=sharing

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