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Sterling Bank & Trust announces appointment of Canada former Premier Michael Harris as Director

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Nassau, Bahamas, January 3, 2017Sterling Bank & Trust has announced the appointment of former Ontario Premier Michael Harris as a director of the integrated banking and financial services firm specializing in development and real estate-related investment vehicles. The new appointment increases the role Mr. Harris will play in helping to set policy direction for the growing award-winning firm with more than $9 billion in assets under administration and offices in Nassau, Bahamas and The Cayman Islands.   

Mr. Harris, who also serves as director on other boards of Sterling, was recently named Canada’s number one premier since 1981, topping a field of 80, including four sitting premiers.  The honour was based on leadership, economic policies and organizational skills with votes tallied on actual results in job growth, balanced budgets and business investment.

“Mike has been an excellent director in his previous roles, showing the leadership skills, discipline, wisdom and insight that made him so well-liked as well as highly respected when he was premier of a region with a population of over 13 million,” said David Kosoy, Sterling Chairman and CEO. “We are pleased that he has agreed to expand the position he will play going forward as Sterling Bank & Trust continues to recognize promising opportunities for growth on behalf of our more than 1500 high net worth clients.”

Mr. Harris, the former Member of Provincial Parliament and Premier, currently serves as a senior business advisor in the Corporate/Commercial and Government Relations & Ethics Groups at the Law Firm of Fasken Martineau in Toronto, Ontario. He holds numerous directorships or advisory positions in the health and financial sectors with Canadian-based companies, some with a global reach such as Colliers International, and his counsel is often sought for his advice on governance and government relations.

According to Stephen Tiller, Sterling Global Financial President, and a strong supporter of community programs, Harris is also a good fit for the firm’s quiet commitment to philanthropic causes, particularly for the underprivileged or underserved.

“Mike Harris’s passion for the community is shown through his involvement with various organizations and institutions.   He is a former Director of the Tim Horton Children’s Foundation and St. John’s Rehab Hospital and currently holds the position of Senior Fellow with The Fraser Institute and Director of New Haven Learning Centre,”  said Tiller.   “Mike is also the Honorary Chairman of fundraising initiatives for Nipissing University, Canadore College and North Bay Regional Health Centre.”

Sterling Global Financial is the corporate umbrella of Sterling Bank (Bahamas) Ltd., Sterling Trust (Cayman) Ltd., and several funds, including the multiple award-winning Sterling Mortgage Income Fund, two-time winner of AI Barclay’s Best Hedge Fund Since Inception Award.   Among the fund’s current projects are Ocean Terraces, West Bay Street, Marriott Courtyard, downtown Nassau, THIRTY SIX, the first new condo development on Paradise Island in a decade and Beach House Villas, Paradise Island.   In 2016, the fund also provided financing for land assembly for a major multi-use redevelopment in an iconic section of South Boston.  

 

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ANDY BURNHAM, NEW UK PM’S FIRST ORDER: LOWER THE COST OF LIVING

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Britain’s new Prime Minister launches his administration with tax relief aimed at easing pressure on household budgets as affordability becomes a defining issue for governments worldwide.

 

By Deandrea Hamilton | Magnetic Media

 LONDON, England — Andy Burnham has wasted little time signaling a new direction for the United Kingdom, making the cost of living the first priority of his administration with a plan to reduce household electricity bills through tax relief.

The newly elected Prime Minister announced that Value Added Tax (VAT) will be removed from domestic electricity bills beginning October 1, describing the measure as part of a broader effort to make everyday life more affordable for working families. The move fulfills a key campaign promise and marks an early shift in the government’s economic agenda.

Burnham inherits a nation still grappling with stubborn inflation, rising household expenses and years of political turnover. His opening policy signals an intention to focus on practical measures that deliver immediate financial relief while restoring confidence in government.

The announcement also resonates across the Caribbean, where affordability remains a pressing concern. In the Turks and Caicos Islands, the Government has just concluded its one-time cost-of-living assistance programme for qualifying residents. While the approaches differ, both reflect a growing recognition that easing financial pressure on households has become one of the defining challenges facing governments today.

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Six Unauthorised Structures Demolished During Multi-Agency Planning Enforcement Operation

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Before demolition

After demolition

Providenciales, Turks and Caicos Islands – Friday, 17 July 2026: The Planning Department, with support from the Informal Settlements Unit (ISU), and the Crown Land Unit conducted a coordinated enforcement operation on Thursday, 2 July 2026, resulting in the demolition of six unauthorised structures on private property at Block and Parcel 60502/48. Security for the operation was provided by the Royal Turks and Caicos Islands Police Force.

The enforcement action followed the issuance of an Enforcement Notice by the Planning Department on 29 January 2026, advising the persons responsible for the structures that they had been erected without the necessary planning approval and were required to be removed. Following the expiration of the compliance period, a multi-agency operation was organised to carry out the demolition.

Before demolition activities commenced, personnel conducted a comprehensive inspection of the site to confirm that all structures were unoccupied and free of gas cylinders or other hazardous materials. These precautionary measures were undertaken to safeguard the welfare of both the enforcement teams and the public while ensuring the operation was carried out safely and efficiently.

Upon completion of the exercise, participating agencies returned to Police Tactical Headquarters for a debrief, marking the successful conclusion of another coordinated enforcement effort.

The Government of the Turks and Caicos Islands reminds members of the public that all construction activities must receive the appropriate planning approvals before work begins. The Planning Department will continue to work alongside its partner agencies to enforce the Planning Ordinance, promote orderly development and ensure that construction throughout the Islands complies with the applicable laws and regulations.

Members of the public are encouraged to familiarise themselves with the planning approval process and to seek guidance from the Planning Department before undertaking any development to avoid enforcement action and loss of money invested.

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DDME’s Hurricane Hunt Scavenger Hunt Sparks Community Spirit and Storm Preparedness in Providenciales

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Department of Disaster Management and Emergencies: Providenciales, Turks and Caicos Islands — Fifteen teams raced across Providenciales on Saturday July 4th for the inaugural DDME Hurricane Hunt, a community scavenger hunt designed to combine friendly competition with hurricane preparedness education.

Teams were given a bag of supplies and 15 cryptic clues, participants had less than two hours to pinpoint locations and collect hurricane must-haves; including water jugs, shovels, flashlights and other supplies that every household should have on hand ahead of a storm.

The challenge tested not only participants’ local knowledge and navigation skills, but also their teamwork under time pressure; all while reinforcing practical lessons about what it takes to stay ready when a storm approaches.

Beyond the hunt itself, the event drew a lively crowd of families and supporters who turned out to enjoy a full day of festivities. Attendees took part in games, received free gifts, face painting, canvas painting, bounce houses and visited vendor booths; while enjoying fresh food off the grill throughout the afternoon.

“This event brought together the best of both worlds; a fun, high-energy competition and a meaningful reminder of how important it is for our community to be prepared,” Mr. Aaron Ballantyne, Community Preparedness Officer for Providenciales. “Seeing 15 teams fully engaged, racing to landmarks across the island while learning what belongs in a hurricane kit, was exactly the outcome we hoped for.”

DDME extends their sincere gratitude to the stakeholders that partnered with the event and generously donated their time, resources and efforts to make it a success: The Turks and Caicos Islands Red Cross, The Oseta Jolly Primary School, The Royal Turks and Caicos Islands Police Force, Do It Center (Building Materials), KB Homes, Digicel TCI, Frost Cay and Clint Grilling and Catering Services, along with all other vendors who were solicited.

The event’s success was also made possible by the private organizations and government departments that opened their locations to serve as scavenger hunt sites, allowing the hunt to unfold across the island; from Chalk Sound to Long Bay.

The quick thinking first place team consisted of; Neekimo King, Keturah Miller-Brown, Lashaunda Dickenson and Kebba Thomas who all walked away with exciting prizes.

Ms. Bernadya Smith, Public Information and Media Manager stated; “With hurricane season underway, this event, along with our recent Hurricane Expo held in Grand Turk and community pop-ups throughout the country, is a testament to DDME’s commitment to blending community engagement with year-round storm readiness. We look forward to making this event an annual staple that brings families together while keeping preparedness at the forefront of every community we serve.

Follow DDME social media pages to stay up to date with upcoming events and to join their weekly quizzes for a chance to win exciting prizes all hurricane season long.

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