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New York & Dallas show interest in Real Estate and Investment says TCREA

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Robert with clientProvidenciales, 29 May 2015 – The Turks and Caicos Real Estate Association was for the first time represented at the Premier’s Sales & Investment Blitz in the person of President Robert Greenwood. During the debriefing on the trip at the Office of the Premier, Greenwood said there was interest for vacation home ownership and investment.

“…increase in potential sales surely because we are reaching out to somebody, and educating somebody who is already selling the Turks and Caicos Islands they just need to know a little bit more about our sector and I think that is going to be a huge change. The format that we went through is fantastic, we had a drill down session this morning (May 27) and I think based on our sector, next year is going to be even better. Now we know the format , we know how to introduce developers who were there – in New York and Dallas – so across the entire spectrum from developers to investors to second, third, fourth vacation home owners for us at the Real Estate Association, it was a resounding success.”

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TCI Cabinet Renews Hurricane Insurance, (CCRIF) in May 22, 2024 Meeting

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#TurksandCaicos, July 19, 2024 – Her Excellency the Governor Dileeni Daniel-Selvaratnam chaired the 15th meeting of the Cabinet on Wednesday May 22nd, 2024, at the Office of the Governor on the island of Providenciales.

All members of Cabinet were present with the exception of the Ministers of Education, Tourism and Home Affairs.

At this meeting, Cabinet:

  1. Received a presentation on the National Risk Assessment.
  2. Granted approval for the establishment of a National Land Secretariat; further agreeing for the required amendments to the Ordinance to give effect to it being under the remit of the Governor and the Premier; subject to approval from the United Kingdom.
  3. Granted approval for amendments to be made to Invest Turks and Caicos Islands Agency (Amendment) Bill 2024 which would give the agency the ability to carry out previously approved recommendations.
  4. Granted approval for the waiver of penalty and interest for all HRTT registrants who were assessed during the period February 22nd to March 31, 2024, and an Amnesty Bill to give effect to the decision.
  5. Granted approval for the renewal of the Caribbean Catastrophic Risk Insurance Facility Policy, Segregated Portfolio Company for the 2024/2025 Policy Year.
  6. Approved the International Tax Compliance (Amendment) Regulations 2024, with the amendment of a provision that will compel RFI’s to submit CRS forms to verify their due diligence requirements.
  7. Approved the Business Licensing (Extension of Time) Regulations 2024 for online applications to June 30th, 2024.
  8. Granted approval of the Companies and Limited Partnerships (Economic Substance) (Amendment) Bill 2024 and the Administrative Penalty Policy for forward submission to the House of Assembly
  9. Approved the appointment of the following persons to the Promotions and Implementation Committee Credit Union:  President of the Civil Service Association, Dr. Carlton Mills, Rudelle Williams, Drexwell Seymour, Lacal Palmer-Mason, Chalsianna Misick, Claudette Higgs, Shirlen Forbes, Nordia Campbell, Ivan Ssembuya, Ferique Bruce.
  10. Granted approval of the Companies and Limited Partnerships (Economic Substance) (Amendment) Bill 2024.
  11. Noted work being undertaken taken by the Government in respect of Firearms provisions.

Further information on these matters will be provided by Ministers in due course.

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TCI Cabinet hears NHIP Change Management Plan in Meeting held April 24, 2024  

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#TurksandCaicos, July 19, 2024 – Her Excellency the Governor Dileeni Daniel-Selvaratnam chaired the 12th meeting of the Cabinet on Wednesday April 24, 2024, at the Office of the Premier on the island of Providenciales.

All members were present with the exception of the Ministers of Education, Tourism, Border Control and Public Safety who were away from the islands on official duties.

At this meeting Cabinet:

  1. Received a presentation from the National Health Insurance Plan Consultants on the organizations Change Management Program.
  2. Noted an information paper on the work of the Economic Substance Consultancy which was undertaken to provide services to the Financial Transactions Information Exchange Unit (FTIE) in regard to the previous blacklisting of the Turks and Caicos Islands which has since the engagement of this consultancy been reversed.
  3. Approved the reinstatement of the Grand Lucayan MOU for an additional six months from the execution date of the previously approved MOU.
  4. Approved the settlement of a Claim Against Government in line with a ruling of the Court.
  5. Approved the grant of a license for the beach nourishment and installation of four groins lying seaward of parcels 60703/253-263, 330, 331-342 situated at Cheshire Hall for the protection of the shoreline of the said parcels.

Further information on these matters will be provided by Ministers in due course.

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UN Chief calls for greater Commitment to SDGs, only 17% on track

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Garfield Ekon

Staff Writer

 

#TurksandCaicos, July 19, 2024 – Countries across the globe are being called on by United Nations (UN) Secretary-General, Antonio Guterres, to “double down” their efforts to achieve the 17 Sustainable Goals (SDGs) and set the world on a more sustainable path by 2030.

The UN Chief said failure to secure peace, and to confront Climate Change, and to boost international finance is “undermining development,” and the countries must “accelerate action” for the SDGs, and “we don’t have a moment to lose.

“Only 17% of the SDG targets are on track, and we need to go further and faster in three areas simultaneously. We must not let up on our promise to end poverty, protect the planet and leave no one behind,” he told a recent press briefing to present the SDGs 2024 Report.

Noting that the Report shows that the world is getting a “failing grade,” Mr. Guterres underscored that progress on over one third has stalled, or even regressed, and in a world of “unprecedented wealth” knowledge and technologies, the denial of basic needs for so many is “outrageous and inexcusable.

“At the same time, we have what it takes to breakthrough to a better future, and the Report carries some glimmers of hope.

A few examples, girls in most regions are now achieving parity with boys in education.  Many women are breaking more glass ceilings in politics, in business and beyond.  Internet access is up.  HIV infections are down.  New malaria vaccines are being rolled out that could save millions of lives,” he reported.

The Secretary-General also highlighted that renewables are booming, and already make up 30 per cent of the world’s electricity supply. The speed and scale of the change needed for sustainable development is still far too slow, he said, and the examples “I gave, prove that it is possible, but we need to go further and faster in three areas simultaneously.

“We need action for peace.  From Gaza to Sudan, Ukraine and beyond, it is time to silence the guns, to support the displaced, and to pivot from spending on destruction and war to investing in people and peace.  Second, we need action on the green and digital transitions,” he said.

Making an impassion plea for countries to put forward ambitious national Climate action plans in 2025, that align with the 1.5°C limit, cover the whole economy and double as investment plans, he said a “surge in investment” in expanding access to digital connectivity and the benefits of the digital economy, is needed, and  countries should make these transitions “inclusive and fully aligned” with broader efforts to achieve gender equality.

“We need action on finance.  Many developing countries lack the financial resources and the fiscal space to invest in their futures and the future of their people. We must step up efforts to deliver the SDG Stimulus.  That means doing much more to reduce debt pressures and debt servicing costs.  It means expanding access to contingency financing for countries at risk of a cash flow crisis,” the UN Chief said.

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