Connect with us

TCI News

TCI: Press Statement from the Office of the Leader of the Opposition

Published

on

#Providenciales, June 8, 2018 – Turks and Caicos – It came as a shock to me in the late morning early afternoon of today (Thursday June 7th) when I was contacted by the Premier to participate in a meeting (by telephone) that was in progress with her and members of her team together with a senior management delegation from Scotia Bank’s local office as well as head of compliance for the Northern Caribbean. The purpose of the meeting as communicated by the bank’s representatives was to inform the government of a decision handed down from the bank’s head office as part of a global strategy to consolidate the banks operation. – the process we were told had already taken place in the Cayman Islands and the Bahamas and is ongoing in the BVI and other regional jurisdictions.

While it had been rumoured for several years that the bank was retrenching, during my term as Minister of Finance when the bank’s representatives were confronted with the issue they always denied it to be the case. I have in the past also personally made representation to the bank (not in writing) about the issue of de-risking certain categories of business to no avail – These global institutions operate on a one size fits all platform with the major emphasis on risk aversion and shareholder value, where despite the fact that a jurisdiction might be profitable if any business unit is not, it is regularly eliminated.

I empathize with the anxiety of the Bank of Nova Scotia Customers in our nation’s capital, and categorically deny any knowledge of the bank’s decision until today; out of respect for the banks staff, it was the proper thing to wait until the bank management met with staff before issuing a statement.  Nevertheless, our people in the nation’s capital is faced with a problem not of their making and it behoves us as leaders to act with alacrity and cool headedness to address their anxiety and the inconvenience this sudden and disruptive decision will have on the public. All indications are that the decision of the bank is a fait accompli.  This therefore require us not to waste time on matters outside of our sphere of influence but to act with courage to effectuate a system that addresses the problem – which is simply a risk-reward number for the bank, but disruption and inconvenience to the people of the nation’s capital as it has been for some time for the people of South Caicos, Middle and North Caicos. So, a solution has to be two pronged-intermediate and then long term and must take into consideration the plight of all who have either become unbanked or grossly inconvenienced.

In the first place, there are some low technology actions that should be encouraged and facilitated by the government – the first being cheque cashing business opportunities supported by legislation to regulate service standards and rates for cashing payroll and other cheques for the unbanked; the second is the standing up and operationalization of credit unions, the legislation for which already exist – waiting for the cabinet to introduce regulations before the ordinance could be accented to.  The bank representatives have indicated possible favorable consideration for providing banking services for credit unions subject to an agreeable compliance protocol – the benefit of this would be formation of corporate vehicles to begin to build domestic capital and reduce the number of unbanked persons. Both of these could be done within the next 90 days while a longer-term solution is considered.

Ultimately though the world is not waiting for us. We can behave like victims or organize to control our own destiny God willing.  In the ongoing innovation revolution, we must build a smart tech savvy country familiar with the power of digital technologies and advanced analytics to improve convenience, simplify everyday life, and help us make better decisions. Today we have one of the most powerful digital devices at our finger tips – the smart phone. We must use it for good and not as a thief of our time or a instrument of ridicule or divisiveness. Many developing countries have leaped frog over old technology in use in developed countries to the advantage of their people and improvement in productivity and competitiveness.  I see this temporary setback be a teachable moment – a clarion call first to leadership to create an enabling environment including improvement in ICT that will allow the citizenry to engage in more self-help initiatives, and to the citizenry to combine their collective abilities and resources together so that everybody win.

Contrary to accepted intuition and despite past practices, I see the government as a competitor for the hearts and mind of the people not an adversary and where collaboration with it is in the interest of the people of these islands I have made it clear that I will pursue that path. – for me this is not a sign of weakness but one of self-confidence, courage of conviction, and strength of character. I trust the people of this country to judge the capacity, integrity and commitment of individual politicians and political parties at the polls, and when they get it wrong an opportunity presents itself to correct it every four years. In the meantime, in my capacity as leader of the opposition my vision for the country has never been bounded by election timetable but by my compass of what is right. That will continue long after I would have exited politics.

 

Release: Leader of The Opposition

Continue Reading

News

Treasure Beach Village Opens at Beaches; Tourism Leaders Expect Surge in Bookings  

Published

on

PROVIDENCIALES, Turks and Caicos Islands — A major new chapter in Caribbean tourism has begun in the Turks and Caicos Islands with the opening of Treasure Beach Village at Beaches Turks and Caicos, a $150 million expansion expected to drive increased bookings, air arrivals and tourism earnings for the country.

The new oceanfront development, officially opened on February 28, adds 101 luxury multi-bedroom suites to the resort and introduces new dining, entertainment and family experiences designed to strengthen the destination’s position in the global luxury family vacation market.

Tourism officials and resort executives say the expansion is expected to generate greater demand for the destination, which in turn translates to more flights, more visitor spending and increased government revenue from hotel and tourism taxes.

The development is part of an ongoing investment strategy by Sandals Resorts International, which continues to expand the Beaches brand across the Caribbean.

Executive Chairman Adam Stewart described the opening as a powerful signal of confidence in the Turks and Caicos tourism product.

“This moment reflects a partnership between Sandals and the Turks and Caicos Islands that has been built over decades,” Stewart said during the opening celebrations. The new village, he added, builds on the brand’s reputation for creating multi-generational travel experiences where families reconnect and spend meaningful time together.

The resort expansion reinforces Beaches’ reputation as the world’s leading luxury all-inclusive resort brand for families, and Beaches Turks and Caicos continues to stand as one of the Caribbean’s most prestigious properties.

Government officials attending the ribbon-cutting ceremony, including Tourism Minister Zhavargo Jolly, said the investment strengthens the destination’s international standing and highlights continued confidence in the Turks and Caicos Islands as a premier tourism market.

The new village significantly expands the resort’s accommodation offerings with spacious ocean-view suites and high-end villas designed to host larger families and groups. The property now includes luxury options such as the CrystalSky four-bedroom beachfront villas and a multi-level Chairman’s Penthouse suite capable of accommodating up to ten guests.

Treasure Beach Village also introduces six new dining concepts, including the Pinta Food Hall with multiple global cuisine stations and Butch’s Island Chop House, a signature steakhouse previously exclusive to the Sandals brand.

Additional amenities include a 15,000-square-foot lagoon pool, waterslides and splash zones for children, a swim-up bar, and the brand’s first Starfish Cinema, a theatre designed for family movie nights.

Guests staying in the new village will also have access to the full Beaches Turks and Caicos experience, including 28 restaurants, the 45,000-square-foot Pirates Island Water Park, unlimited water sports and supervised children’s programmes.

Industry observers say the investment not only enhances the visitor experience but also strengthens Turks and Caicos’ reputation as one of the Caribbean’s most sought-after luxury destinations.

 

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

Continue Reading

Education

Message from Hon. Rachel M. Taylor, Minister of Education, Youth, Sports & Culture

Published

on

Providenciales, Turks and Caicos Islands – Friday, 6 March 2026: Education is the most powerful weapon which you can use to change the world.”  Today, as we observe National Teachers’ Day, we pause to recognize and celebrate the remarkable contributions of our teachers and the dedicated leaders of our schools. Your commitment to shaping young minds, guiding character, and nurturing potential is a calling that reaches far beyond the classroom. Proverbs 22:6 reminds us, “Train up a child in the way he should go, and when he is old he will not depart from it.”  Your daily efforts reflect the truth and wisdom of these words.

We also extend sincere appreciation to the leaders of our schools whose vision, guidance, and steady leadership create environments where both teachers and students can flourish. Your role in supporting educators and maintaining strong, positive learning communities is invaluable to the continued progress of our education system.

Teaching is not without its challenges. Yet, even in moments of stress and difficulty, our teachers continue to demonstrate genuine love, patience, and concern for their students. For this, we are deeply grateful. Your compassion, encouragement, and dedication help our children feel seen, valued, and inspired to reach their full potential. Truly, to teach is indeed to touch lives forever.

Education is strongest when it is supported by partnership. We must also recognize the important role of parents and families in the success of our children. When schools and homes work together, the results are powerful. As we often say, when parents lead, children succeed. This shared commitment creates a strong foundation for learning and growth.

As a Department and Ministry of Education, we reaffirm our commitment to supporting our teachers and school leaders. We will continue to invest in meaningful professional development, provide the resources necessary for effective teaching and learning, and strengthen the systems that empower educators to thrive in their profession. Your work matters deeply, and we remain dedicated to ensuring you have the support needed to continue making a lasting difference.

On behalf of the Ministry of Education, I thank you. Thank you for your dedication, your resilience, your leadership, and for the love and care you show to our children each and every day. Today we celebrate you and the incredible impact you have on our nation’s future.

Continue Reading

News

Flow TCI powers Inter-High Track and Field Championships  

Published

on

Providenciales, Turks and Caicos Islands (March 5, 2026) – As the Turks and Caicos sporting community celebrates the spirit of youth athleticism, leading telecoms provider, Flow is highlighting the transformative power of connectivity following the successful conclusion of the 2026 Inter-High Track and Field Championships held at the Turks and Caicos Islands National Stadium from February 26 to 28.

As the Official Media Sponsor for the event, Flow provided livestreaming services that premiered across social media and on Flow TV’s Channel 111. This ensured that families and fans throughout the Turks and Caicos Islands could witness every record-breaking moment. To keep the event running at top speed, Flow also provided broadband services throughout the venue, maintaining seamless connectivity throughout the games.

“Our long-standing partnership with the Turks and Caicos Islands Sports Commission is a shared promise to invest in the next generation. Over the years we have worked together to create opportunities for young people to train, compete and grow,” said Joanne Missick, Country Manager, Flow Turks and Caicos Islands.

“We make this investment because sport develops more than athletes. It’s a long-term investment for us in our people, pride and possibility, and it’s a partnership we hold close because advancing our youth advances the entire nation.”

The commitment to the Games extended directly to the track, where Flow served as the headline sponsor for the 200-meter category. Spanning seven races, the partnership culminated during the official medal ceremony with the company presenting winners with Flow merchandise bags.

Off the track, Flow mobilised engagement through the interactive sales booth. The site became a hub for activity, featuring Spin the Wheel promotions and gift certificate giveaways during Q&A intermissions, ensuring the energy of the crowd remained high.

Looking ahead, Flow is preparing to carry this momentum into the upcoming Inter-Primary Track and Field Championships, continuing its investment in the next generation of sporting talent in the Turks and Caicos Islands.

Continue Reading

FIND US ON FACEBOOK

TRENDING