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TCI’s $306 Million plus Budget Passed in Parliament at 11:58 p.m.

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#Grand Turk, May 5, 2019 – Turks and Caicos – The biggest budget in Turks and Caicos Islands history is now passed into law.  Members present in the House of Assembly very, very late on Friday night unanimously voted for the fiscal proposal to be accepted at precisely two minutes before midnight on May 3, 2019.

 The Budget for 2019-2020 sets the wheels in motion for the new financial year to formally begin; and it is expected to be a banner year for business development.

“Mr. Speaker, not only must we reduce the cost of living in the TCI but we must also reduce the cost of doing business. Potential investors sometimes find it difficult to invest in countries because of the obstacles of setting up businesses.”

A major announcement from the Minister of Finance Investment and Trade, Premier Hon Sharlene Robinson was a loan guarantee plan for the development of local business.

A survey spanning all of the islands will be undertaken, said the Premier, in order for information gathered to inform any coming policy on a government guaranteed loan program.

“Mr. Speaker research on the feasibility of a Partial Credit Guarantee Scheme continues.  In this regard, some may say we ought not interfere in the market; rather we should allow market forces to interplay; but whilst this Government would want the market to recognize this missing market function and be able to adequately identify opportunities geared at ameliorating the much talked about ‘lack of access to finance or businesses’, addressing the challenge requires a systems approach.”

A Country Poverty Assessment will be complete in six months, said Premier Robinson when she presented the Budget on May Day (May 1).  It will guide a strategy of the PDM Administration aimed at making living more affordable and services offered by government more cost-effective.

Premier, Hon Sharlene Robinson explained that the Competitiveness of Enterprises and Small and Medium-sized Enterprises or COSME program which the Turks and Caicos benefited from through the European Union was a valued experience.  In a follow-up to the lessons learned through the EU-funded program the TCIG has already “commenced work on and have produced the first draft of a National Concessions Policy aimed at stimulating the growth of the business sector in particular SMEs.”

Other initiatives announced to support business development were an Investment Policy, a Concessions Policy and changes to the MSME (Micro, Small & Medium Enterprise) Program which is managed by the Invest Turks and Caicos Agency.

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NATIONAL SECURITY COUNCIL STATEMENT REGARDING RECENT THREATS MADE AGAINST TURKS AND CAICOS ISLANDS AIRPORTS AND SCHOOLS

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May 6th, 2024 – As co-chairs of the National Security Council, Her Excellency the Governor and the Honourable Premier condemn strongly recent threats made against Turks and Caicos Islands airports and schools.

We have zero tolerance for these disruptions and the alarm that they cause. The Royal Turks and Caicos Islands Police Force (RTCIPF) continues to work closely with partner agencies and will keep the public updated as we manage the situation.

The National Security Council wishes to reassure residents, travellers and parents that the safety and security of our Islands is its highest priority.

All appropriate measures are being taken to address these threats and all required security protocols are being followed.

The Airports Authority and the Ministry of Education, with school principals are collaborating with the RTCIPF  investigations.

We encourage the public to be extra vigilant against phishing and malicious emails and report any suspicious activity to the authorities.

We appreciate the understanding of the public as we work to ensure the safety and well-being of our airports, schools and communities.

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TCI News

Bomb Threat No 6. In TEN days

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Dana Malcolm 

Staff Writer

“Our daughter is on the plane and they took them off the plane and we don’t know where the people are—she called— and we haven’t been able to get a hold of her since” the words of a panicked parent and one example of the chaos that criminals making malicious bomb threats on the Turks and Caicos’ airports are causing.

That parent was one of many residents waiting anxiously outside the Providenciales International Airport on Sunday, May 5th after Bomb threats were yet again filed against it; simultaneously threats were also made against the JAGS McCartney Airport in Grand Turk.

The couple, speaking to Wilkie  Arthur, Magnetic Media Court Correspondent,  were sitting in their car, the mother in tears, watching as travelers were made to disembark and leave the airport for their own safety.

The TCIAA confirms that it quickly evacuated travellers who were on board the aircraft on the runway at the time, via gates in airport fencing.

Arthur spoke to pilots who were frustrated at the delay.

”From our perspective, this flight is canceled.“ One of them told Arthur.

They expressed the same concern that other residents had shared with Magnetic Media, that it was time for the police to find the culprits behind the repeated threats which have turned out in all cases so far to be hoaxes.

Magnetic Media observed dozens of resident travelers mowing about on the tarmac and outside of the airport just waiting for police to finish their bomb threat protocol for the sixth time in 10 days.

The other threats came on Friday, April 26, Saturday, April 27, and Monday, April 29 (2) all via email.

Eventually, passengers were observed going back through security to reboard their  flights.

It’s the first time in six encounters that no word has come from the Turks and Caicos Islands Airports Authority about the bomb threat, and when Arthur tried to approach the airport to film, he was told not to.

Based on eyewitness reports, several flights were delayed, including at least one international flight to Texas.

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Bahamas News

RBC appoints new Country Manager and Area Vice President for Turks & Caicos 

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RBC Royal Bank (Bahamas) Limited (“RBC”) is pleased to announce the recent appointment of Kerryl-Lyn King-Henry as Country Manager and Area Vice President (“AVP”), Personal and Commercial Banking, Turks & Caicos Islands (TCI).

In her new role as Country Manager and AVP, King-Henry will take on full responsibility for the bank’s operations, strategy, and development in the TCI market, with a strong focus on solidifying partnerships with the Government, regulatory bodies, and the local community.

King-Henry brings to the role a dynamism influenced by nearly 25 years of industry experience. Prior to her new appointment, she served as AVP of Business Banking in Trinidad and Tobago. She has held progressively senior roles within both personal and commercial banking, as well as various functional units.

King-Henry holds a Master of Business Administration (MBA) degree, with a specialization in Leadership, FinTech and Big Data Analysis, in addition to a Bachelor’s Degree in Business Administration. Further enriching her professional profile, Kerryl-Lyn is a certified John C. Maxwell Coach, Trainer, Teacher, and Speaker. Her passion for leadership and development is matched by her commitment to community service, as she actively volunteers her time and leverages her professional expertise to mentor and support others. “

Kerryl-Lyn’s extensive experience and proven leadership capabilities make her the perfect choice to lead our operations in the Turks & Caicos Islands,” said Ericka Rolle, RBC’s Managing Director and Vice President, Personal Banking, The Bahamas and TCI.

“Her commitment to excellence, combined with a genuine passion for community engagement, aligns perfectly with our Bank’s purpose of helping clients thrive and communities prosper. We are excited to see the positive impact she will undoubtedly bring to her new role,” she added.

 

 

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