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BAHAMAS: Government Pushing Agenda that Embraces Technology and Innovation

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#Nassau, March 7, 2019 – Bahamas – Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said the government is committed to pushing an agenda that embraces technology and innovation as a response to the dynamic times.

“This is one of the rationales for the Government’s focus on entrepreneurship. Specifically, we are interested in fostering a culture of entrepreneurship to unleash the full creativity and genius of Bahamian innovators,” the Deputy Prime Minister said at the Deltec Annual Conference at Baha Mar, Monday, March 4.

He said creating a shift cannot be done by the government alone, so he highlighted that the participation of the private sector is necessary.

“We were very encouraged by the fact that commercial banks, including Scotia and the Royal Bank of Canada, joined the Government, the Small Business Development Centre (SBDC), the Bahamas Development Bank and The Bahamas Venture Capital Entrepreneurial Fund to provide a targeted package of capital options for entrepreneurs, including those who are underprivileged.”

He said through this partnership the government leveraged a $5 million commitment from itself to secure up to $9 million in government-guaranteed small business loans, grants and equity for participants enrolled in the SBDC’s training and advisory programmes.

“We are building a strong ecosystem and it is being supported by the independent initiatives or companies like Deltec. The Deltec Initiative for Young Entrepreneurs (DIYE) is a charitable programme that falls under Deltec’s Foundation.

“For too long our young people have been discouraged from pursuing self-employment as the status quo. Instead, we have bred a culture where school leavers automatically look for government jobs or jobs in traditional sectors.

The DPM said the participants in DIYE are proof that the culture is changing. The youngest entrepreneur in this cohort is only 10 years old: Karis Knowles, otherwise known as The Balloon Princess. He said her progressive balloon company creates arrangements for all occasions, including themed events like baby showers and gender reveal parties.

The DPM also commended Deltec on their business mentorship and charitable work. He also noted that The Bahamas is at a nascent stage when it comes to harnessing the power of disruptive technologies, but he noted that the country is making strides nonetheless.

“For us, this is not a choice; this is an imperative. We are an international financial services centre and Fintech is one of the fastest growing and innovating industries.”

DPM Turnquest explained that the opportunities being currently taken advantage of include Digital Currency Initiative, Potential of blockchain for government modernization and Other Fintech Areas of Interest. 

He stated that in Grand Bahama, the government set out a vision for its second city to be the tech hub for The Bahamas.  Through the preliminary success of the Commercial Enterprises Act, 2018, this vision has already started to take shape.

The DPM said the success in Grand Bahama includes the GIBC Digital global training headquarters; Dev Digital, a leading software and web development company from Tennessee, office opening and Carnival Cruise Lines’ Ocean Medallion Project: wearable devices that enable a personal digital concierge. 

By: Llonella Gilbert

Release: BIS

Photo Captions:

Header: Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest speaks with another guest at the Deltec Annual Conference at Baha Mar, Monday, March 4.  The DPM brought remarks at the event. 

Insert: Minister of Youth, Sports and Culture the Hon. Hon. Lanisha Rolle (left) speaks with another guest at the Deltec Annual Conference at Baha Mar, Monday, March 4. 

(BIS Photos/Patrick Hanna)

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TCI News

TCI Marks National Day of Thanksgiving with Calls for Unity and Gratitude

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Providenciales, Turks and Caicos Islands — Turks and Caicos observed its National Day of Thanksgiving with an ecumenical service at Faith Tabernacle Church on Sunday, November 23 — a scheduling choice that placed the ceremony ahead of the official public holiday on Friday. The early observance allowed congregations, officials and visiting clergy to gather in worship, reflection, and national contemplation.

The service featured spirited performances from local choirs and worship teams, weaving together traditional hymns and contemporary praise in a sequence that set an unmistakably reverent tone. The TCI Christian Council, through its president Rev. Wilbert Jennings, delivered a message centred on humility, gratitude and national grounding — urging residents not only to give thanks, but to remember the posture of gratitude even in strained seasons.

Acting Premier Jamell Robinson, bringing greetings on behalf of the government, leaned heavily on the theme “A Grateful Nation in Thanksgiving — Blessed Beyond Measure, Kept by Grace.” He reminded the country that giving thanks “in everything” rather than “for everything” is a discipline that strengthens national unity. Robinson highlighted the collective resilience of the Turks and Caicos Islands and praised the Church for its continued spiritual leadership, calling it the “backbone” that steadies communities and undergirds national life.

While the holiday itself will be observed later in the week, Sunday’s service provided the public-facing reflection point — a moment of pause before a busy commercial weekend and the start of the festive season.

“He kept our communities. He kept our nation from dangers seen and unseen. And for that, we stand today with hearts full of thanksgiving. But thanksgiving is more than reflection, it is also a call to unity. A grateful nation is a united nation. A grateful nation is a compassionate nation. A grateful nation is a nation that sees beyond differences and comes together for the common good. As people of faith, we understand that division weakens, but gratitude strengthens. Gratitude softens hearts. Gratitude opens doors. Gratitude reminds us that we are one people under God, moving forward by His grace,” said Hon Robinson.

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

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Michael Misick Rejects Government’s 60/40 Shift as Business Licensing Debate Reignites

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Turks and Caicos, December 4, 2025 – For the first time in his long political career, former Premier Michael Misick appeared on Drexwell Seymour’s “Financially Speaking” radio programme this week — and he used the platform to forcefully reject the Government’s new 60/40 business-ownership model, arguing that Turks and Caicos Islanders are once again being positioned to lose ground in their own country.

The interview came at a pivotal moment: the Washington Misick Administration has just issued a detailed press statement confirming that the controversial 100% Islander-only ownership requirement — praised by some as overdue protectionism and criticised by others as unconstitutional and discriminatory — was never Cabinet’s intended position. A “drafting error,” the Government now says, caused the blanket 100% clause to appear in the Business Licensing (Amendment) Bill, prompting a pause in Parliament and a full review.

This week, Cabinet reaffirmed its balanced 60/40 framework, arguing that meaningful majority control for Turks and Caicos Islanders must coexist with access to external capital, expertise, and investment partnerships. The Government cited international models, financing constraints for local entrepreneurs, and the need to avoid “harsh outcomes” that could unintentionally weaken local businesses or violate constitutional safeguards. It further pledged strengthened anti-fronting mechanisms, tighter oversight, and mandatory protections for local shareholders.

But Michael Misick isn’t convinced.

During the wide-ranging RTC interview, the former Premier dismissed the 60/40 model as inadequate and accused successive governments of diluting the rights and economic standing of heritage Turks and Caicos Islanders. He argued that fronting has flourished under the existing 51% rule, and that only full, uncompromised Islander ownership in certain industries can prevent locals from being reduced to symbolic partners with no real power. Misick described the Business Licensing Board’s disappearance, the rise of unchecked approvals, and the growing dominance of expatriate capital as evidence that the country is “losing itself, bit by bit, every sunrise.”

Seymour, a CPA and economic commentator, echoed concerns about fronting and asked whether the territory’s leaders were “afraid” to implement robust protections. Misick went further, accusing modern politicians of lacking political courage and failing to defend the long-term interests of heritage Turks and Caicos Islanders.

“Every time legislation comes to empower our people, there is resistance,” Misick said.
“When it’s something that penalises our people, no one objects.”

The Government’s clarification attempts to neutralize that narrative, insisting Cabinet did not “retreat” under pressure but merely corrected an error to restore policy integrity. Still, the timing — after months of public debate, stakeholder pushback, and ongoing reference to the Grant Thornton economic impact report — has only deepened suspicion among critics who say the Administration is wavering.

What is clear is this:
The Business Licensing reform has cracked open the deepest unresolved question in the Turks and Caicos Islands — how to protect a small population from economic displacement while maintaining an investment climate that supports national development.

With Parliament scheduled to revisit the Bill this month, the clash between political philosophy and economic pragmatism is now on full display. And as Misick made clear on RTC, this debate will define not just policy, but identity.

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

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Health

Bruce Willis’ Brave Gift to Dementia Research – And His now Quiet Link to Turks & Caicos

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December 4, 2025 – Hollywood legend Bruce Willis – arguably the most famous former home owner in Turks and Caicos Islands – is facing the most difficult role of his life and turning it into one last act of service.

Willis, 70, retired from acting in 2022 after his family revealed he had been diagnosed with aphasia. The following year, specialists confirmed he is living with frontotemporal dementia (FTD), a degenerative brain disease that attacks language, behaviour and personality.

In recent interviews and appearances, his wife Emma Heming Willis has said Bruce is “surrounded by love and care” and that the family is learning to find joy in new ways, even as the disease progresses.

Now, Heming Willis has gone further.  In her 2025 memoir The Unexpected Journey, she writes that the family has decided Bruce’s brain will be donated to science after his death to advance research into FTD.  That decision has been highlighted in recent coverage by futurist and science outlets, which describe it as a carefully considered step after months of watching a still-physically-strong man steadily lose speech, reading and independence.

Neurologists have long stressed how rare donated brain tissue is for FTD, and how essential it is to understanding which proteins, mutations and mechanisms are actually driving the disease.  The Willis family’s choice means the brain that powered some of cinema’s most iconic characters could one day help researchers diagnose the condition earlier and design better treatments – even if it cannot help Bruce himself.

For Turks and Caicos, the story lands close to home.  For nearly two decades Willis owned “The Residence” on exclusive Parrot Cay – a 7.3-acre, Asian-inspired beachfront compound with a five-bedroom main house, two guest villas and a yoga pavilion.  He and Emma listed the estate in March 2019 for US$33 million; it sold a few months later for about US$27 million, one of the biggest residential deals in TCI history.

So, while Bruce Willis no longer has a physical address in Turks and Caicos, his connection to these islands remains part of his global story – a story now shifting from blockbuster fame to medical legacy, as his family turns private heartbreak into a public contribution that could change what we know about dementia.

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

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