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TCI: Budget boosted, surplus boosted; PDM Administration plans to spend $305.9 million for 2019-2020

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#Providenciales, April 18, 2019 – Turks and Caicos – Proposed spending for the new fiscal year has spiked by several million dollars as Premier and Finance Minister Sharlene Robinson on Tuesday during a special and succinct session of the House of Assembly announced a bigger budget than had originally been projected.

“The 305.9 million forecast is approximately 26.2 million or 9.3 percent greater than the approved estimates for 2018/19 and 12.3 percent lower than the audited performance. Mr. Speaker, we continue to deliver bigger and bigger budgets,” said the Minister of Finance, Investment and Trade, Hon Sharlene Robinson. 

In February, the country was informed that the UK-approved Financial and Strategic Policy Statement for the upcoming fiscal year was projecting an historic $301 million budget, that figure is up and so is the forecast surplus. 

“Given our commitment to the future generations to remain economically independent we continue to forecast a fiscal surplus; a position many countries are struggling to achieve.  The primary surplus, Mr. Speaker, is estimated at $11.5 million from which $6.3 million will be transferred to reduce our enviable debt portfolio of $9.4 million,” said the Premier on Tuesday morning.

No longer $7.9 million, the Turks and Caicos Islands is looking at a possible $11 million surplus, more than half of which will be used to pay down on debt. 

The Premier was the only parliamentarian speaking on Tuesday as the Appropriations 2019-2020, Estimates of Revenue and Expenditure and the Constitutional and Statutory Bodies estimates of Revenue and Expenditure 2019-2020 were laid.

The House of Assembly meeting lasted less than an hour.

The PDM Administration announced earlier this year that the Budget would be late and had hoped for debate on the financial plan to begin this month, April.  Traditionally, the Turks and Caicos marks its new financial year on April 1.

Premier Robinson, on Tuesday conveyed that the Budget debate is set for Wednesday May 1, 2019; which reflects a further delay.

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Orlando Mother Remanded for Bullet possession in Turks and Caicos

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Wilkie Arthur and Deandrea Hamilton 

Editorial staff

Remanded until July, but her attorney Leanna Brooks-Campbell is likely to make application for bail as the matter is now transfered to the Supreme Court.

American tourist from Orlando, Florida Shanita Shinee Giree, 45, who was arrested Monday, after two bullets were allegedly found in her baggage is the newest defendant facing the stiff penalties associated with breaching the Turks & Caicos Firearms Ordinance.

Giree was exiting TCI at the Providenciales International Airport with her daughter when the ammunition was detected, ending her Mother’s Day trip to the islands on an unexpectedly sour note.

Today, the chief magistrate remanded her to prison until July 5, 2024, however that can change.

She is facing charges of unlawful possession of ammunition; a crime punishable with a minimum 12 year sentence except in the case of a judge ruling that the case falls in the category of “exceptional.”

Then, and only then would it warrant a different sentence by a judge.

Support for the Floridian was impressive; Bryan Hagerich and Ryan Watson and their relatives filled the Magistrate’s Court on Old Airport Road informs Court Correspondent, Wilkie Arthur.

It was a show of patriotic solidarity on an issue which has elicited emotive views on all sides for Americans who are hoping to prove they were tourists on holiday and nothing more.

Bryan Hagerich of Pennsylvanian and Ryan Watson of Oklahoma also charged in two separate instances for being in possession of ammunition while wrapping up their TCI vacations in April and May respectively.

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InvestTCI facilitates the Development Agreement Between TCIG and Molo Hotel Group 

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Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.

Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.

Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.

Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.

Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.

Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.

The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.

Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”

He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”

Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”

The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion

Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.

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AMERICAN MOTHER AND DAUGHTER ALLEGEDLY ARRESTED FOR TWO BULLETS

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Deandrea Hamilton and Wilkie Arthur

Editorial Staff

A DAUGHTER reportedly brought her mother to the Turks and Caicos for Mother’s Day, and both were allegedly arrested, leaving the Turks and Caicos Islands today (Monday 13th, May,2024).

Officials say they were found with two rounds of ammunition in their luggage.

Police have confirmed the arrest to Magnetic Media after inquiries.

Turks & Caicos residents are already reacting to this latest report, “dumbfounded” by the mistake which keeps being repeated despite all of the high profile attention the matter has received in leading news organizations and the warning the US Embassy has issued. There is also the well publicized stance of the TCI Office of the Director of Public Prosecutions that these individuals must be punished according to the law.

In this newest case, the daughter was released, and the mother remains in police custody pending charge and court appearance later this week.

Police inform they will update soon.

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