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TCI Premier denies rejection of Build Back Budget by UK, slams Opposition, seeks extension for post hurricane concessions

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#TurksandCaicos, January 17, 2018 – Providenciales – Premier Sharlene Robinson talks tough to the Opposition PNP as rumors were floating on social media about the #Supplementary sent to the United Kingdom for approval on spending in the aftermath of major September hurricanes.  It was said the Supplementary, dispatched to London at Christmastime by the PDM Administration was rejected and there had been reported criticisms from the Opposition Member from Grand Turk North, George Lightbourne about the timing of the proposal of Budgetary changes.

#PremierRobinson cried shame on Lightbourne for instigating the social media chatter, “what basis would there be to deny critical works identified by the elected Government of these Islands, many of which will begin critical works to Schools among other critical projects?  If the UK rejected such a Supplementary, the Hon Member should be joining the Government in protest and not celebrating as such as the last time I checked this country belonged to all of us.  We must know that there are issues that we must stand resolute on and political division on national issues is not only immature but reckless.”

TCI GO 4 INSERT FIX

#MagneticMedia had also heard the rumor of a rejection.  Our inquiry led to a firm ‘no, not true’ from the Member of Parliament to which we had reached out.

Many others were less inclined though to believe there had been no UK resistance to the PDM Proposal for Budgetary changes to accommodate reconstruction plans within the islands; some called the explanation by the Premier:  “Lies!!!!”

The PDM Administration has come under heavy fire for having not yet started any significant reconstruction of public buildings, four months after Hurricanes Irma IMG-20170909-WA0001 3and Maria which struck in September 2017.   The Turks and Caicos Islands Government is however not the only administration facing scathing reviews from its residents when it comes to building back; The Bahamas, Dominica, the British Virgin Islands and the United States are courting various critiques from citizens.

As for what the Supplementary is expected to take on, once approved, there was this explanation from the Finance Minister:  “In the Supplementary submitted there are critical resources for the Police, funding for NHIP, repairs to Schools which can double as Shelters, funding to support the introduction of online payment to better secure government revenues and enhance public service, funding to support the critical work of the National Physical Development Plan, additional resources to support border control and planning enforcement activities, among other critical projects and matters.  We can only hope that the people will continue to dismiss gutter style politics and demand a higher level of representation from all its elected members.”

WFFC Insert

A recent Cabinet Meeting, chaired by Acting Governor Anya Williams, held on January 10 exposed that an appeal for a contingency warrant to pay off outstanding post hurricane bills was asked to be approved; that March 31, 2018 was suggested as a new deadline for a customs duty waiver programme on hurricane victims’ replacement furniture, appliances and building materials; that approved was a duty waiver for Ocean Vibes company, on a replacement 48-foot catamaran destroyed by the hurricanes; that Mission of Hope Haiti Charity be exempt from paying warehouse storage fees for the hurricane relief materials brought in and a request to approve a financial break of 50% on customs duties for Club Med for building materials, furnishings, fixtures and equipment – conditionally and in line with the TCIG Refurbishment Policy be granted.

 

 

Health

29 Million Strong, the World Salutes Nurses as International Nurses Day is Observed

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On Tuesday May 12, the world pauses to honor one of humanity’s most trusted, exhausted, resilient and indispensable professions — nursing.

International Nurses Day is observed annually on the birthday of Florence Nightingale, widely regarded as the founder of modern nursing, and comes at a time when global healthcare systems continue to rely heavily on nurses carrying extraordinary emotional, physical and professional burdens.

According to the World Health Organization, there are an estimated 29 million nurses worldwide, making nursing the largest professional group within the global healthcare workforce. Yet despite their numbers, many countries continue to face severe nursing shortages, burnout crises and migration challenges as healthcare demands rise faster than staffing levels.

Still, nurses remain the heartbeat of healthcare.

They are present at life’s first breath and often its final moments. They work through hurricanes, pandemics, emergencies and violence. They calm fear, interpret pain, comfort families and frequently become the bridge between doctors, patients and hope itself.

In small island nations like those across the Caribbean, nurses often carry even greater responsibility — serving communities where resources may be stretched, specialists limited and healthcare systems under constant pressure.

This year’s observance again shines a spotlight not only on the compassion nurses bring to their profession, but also on the growing global call for better pay, safer working environments, improved mental health support and stronger investment in healthcare staffing.

For many people, the most memorable face in healthcare is not always the surgeon or specialist — it is the nurse who stayed a little longer, explained a little more gently or cared a little more deeply during a difficult moment.

Tomorrow’s observance is therefore more than ceremonial.

It is a reminder that behind every functioning hospital, clinic, emergency room, health center, operating theatre and recovery ward stands a nurse — often overworked, sometimes underappreciated, but consistently essential.

To nurses across The Bahamas, Turks and Caicos, the Caribbean and the wider world: thank you for showing up, even on the hardest days.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Finance

TCI Financial Services Opens Debate on Cryptocurrency Rules 

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Turks and Caicos, May 12, 2026 – A new era of digital finance regulation could be on the horizon for the Turks and Caicos Islands, as the Financial Services Commission moves to establish a legal framework for virtual assets and cryptocurrency-related businesses.

The TCI Financial Services Commission on Friday launched a public consultation on its proposed Virtual Assets Business Bill, 2026, legislation designed to regulate virtual asset service providers, stablecoin issuers and other digital asset activities operating in or from the territory.

Globally, governments and regulators have been racing to catch up with the rapid growth of digital currencies, blockchain technology and online financial platforms. Concerns over money laundering, cybercrime, fraud and the collapse of poorly regulated crypto exchanges have pushed jurisdictions to tighten oversight while still trying to attract financial innovation and investment.

The proposed TCI bill appears aimed at positioning the territory within that evolving international framework.

According to the FSC, the legislation is aligned with international standards and guidance from bodies including the Financial Action Task Force, International Organization of Securities Commissions and the Financial Stability Board.

The Commission said the bill would introduce a “comprehensive licensing, supervisory, prudential and enforcement framework” for the sector. The proposed law includes anti-money laundering and counter-terrorism financing obligations, cyber resilience requirements, enforcement measures and even a regulatory sandbox intended to support innovation.

Among the notable features are proposed reserve and governance rules for stablecoins, which are digital currencies typically tied to traditional assets like the US dollar. The draft legislation also outlines exemptions for certain technology providers and closed-loop token systems.

The FSC said the consultation period is intended to gather public and industry feedback before the bill is submitted to Cabinet next month. Written submissions must be received by June 8, 2026.

The consultation paper and draft bill have been published on the FSC website for public review.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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News

Conch Farm Site to become New Home for Watersports Operators

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$12 million acquisition signals marina plan, not return of commercial conch farming

 

Turks and Caicos, May 12, 2026 – The Turks and Caicos Islands Government’s acquisition of the former Conch Farm property is not shaping up as a revival of the once world-famous aquaculture operation in Long Bay.

Instead, the $12 million purchase appears headed in a very different direction — transforming the sprawling waterfront site into what could become the new operational home for scores of marine and watersports operators who have long struggled for space along the eastern shores of Providenciales.

And for many observers familiar with the growing tensions in those areas, the move may actually make more sense than first believed.

Over the years, the rapid expansion of jet ski operators, charter boats, parasailing businesses and excursion companies along eastern beach and marina areas has increasingly created disputes over access, launching rights, docking space and territorial use of waterfront locations.

At times, those disagreements have reportedly escalated into confrontations serious enough to require police intervention.

Now, according to comments delivered by Premier and Finance Minister Charles Washington Misick during debate on the 2026/27 Budget, government intends to use the former Conch Farm property to bring greater order and infrastructure to the rapidly expanding marine sector.

“The acquisition and redevelopment of the Conch Farm property at Long Bay, Providenciales, is a strategic Government investment to strengthen the rapidly growing marine and water sports sector,” the Premier said.

He explained that the project is envisioned as:

“a safe, clean, and well-managed public marina dedicated to local operators.”

The Premier also pointed directly to the growing number of young Turks and Caicos Islanders entering the marine tourism industry since the COVID-19 pandemic.

“So many of these operators are young Turks and Caicos Islanders who have turned to self-employment since COVID-19,” he stated during the Budget presentation.

Government says the marina would provide affordable and regulated launching facilities while creating space for docking, boat services, small vendors, maintenance operations and other marine-related businesses.

The proposal also aims to formalize portions of an industry which has expanded rapidly alongside the country’s booming tourism economy.

“Best of all it ensures that the benefits of our booming tourism industry are retained right here in Turks and Caicos communities,” the Premier added.

The clarification significantly changes early public assumptions that government was preparing to revive the commercial conch farming operation once associated with the property.

The original Caicos Conch Farm was widely regarded as the world’s first and only commercial conch farm before hurricane damage, operational struggles, policy disputes and legal battles eventually led to its closure.

Now, while the historic name and marine legacy remain attached to the site, the government’s immediate vision appears centered far more on marine infrastructure and economic activity than on aquaculture.

And in a tourism economy increasingly dependent on marine excursions and water-based experiences, the move could ultimately reshape one of the most contentious and overcrowded corners of Providenciales’ tourism landscape.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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