TCI News

TCI: Seats needed in Parliament to reflect the will of the people; and to address economic issues, crime, family islands exodus & illegals

Published

7 years ago

August 15, 2019

#Providenciales, August 15, 2019 – Turks and Caicos – Turks and Caicos unique geographical make up requires sustained economic activity on each island to ensure that our people can cultivate a life and thrive on the island they chose to live. Regrettably, the lack of focus, policy and investment resulting in limited economic activity on the family islands of North, Middle and South Caicos is causing the population to flee these islands for a better more prosperous way of life. Grand Turk has been fortunate not to experience the depopulation at the rate of the family islands largely because of the Government employment and in a surprisingly limited way, the cruise port; however, the Capital population numbers are dwindling fast and if action is not taken soon, Grand Turk too will begin to experience a brain drain.

There are many policy tools to stem the flow of brain drain, but for now, I will focus on one: representation! The first and most important undertaking to hear the concerns of our island nation is to change representation in parliament; especially where one member is a minister. Long standing issues in Grand Turk and simple ones – like its beautification, and shutting down of Expressions Radio Talk show – cannot be left to the whims of the party in power. Grand Turk & Salt Cay needs to be represented by another Electoral Seat.

As a people, we cannot go on, pretending day by day, that somehow change will soon be here. Eyes have not seen nor ears have not heard of a plan nor public policy to attract economic activity for anywhere other than Providenciales; and even that is not driven by any policy: the investor shows up and decides where to invest. There are no policies applied to incentivize the current employers on the family islands to grow the economic activities. Let’s look at the leading source of economic activities on each of the family islands and examine what is being done by Elected Members of Parliament to ensure our people can sustain themselves on these islands.

South Caicos – the main economic activity is fishing. though there are two fishing plants there. Neither can boast of government incentives to help spur on their expansion and growth. Their incremental growth is because of their own doing. Three hotels – the only all local hotel in South Caicos, East Bay Resort and Sailrock Resort – their growth are hamstrung because of the lack of Airport upgrades; The lack of which have in a number of cases agreement with Government that are subject of court proceedings for failure to honour development agreements. South Caicos needs to be represented by another Electoral Seat.

Middle & North Caicos – Sandy Point channel and the Bellfield landing Port is the gateway to spurring or blocking economic activities for North & Middle Caicos. We see that boats have to travel at high speed and do karate like manoeuvres just to get passengers into North Caicos daily. There are numerous proposals on the table to rectify this by dredging the Sandy Point Port and completion of Bellfield landing into a modern-day port. None of this has been acted upon by either Governments. These big islands need to be represented by another Electoral Seat to ensure at the minimum, there are competing visions being aired in their favour!

As a preliminary conclusion, one can begin to see how the lack of action to remedy the short list of major economic blockers for these islands is because of inadequate political representation. Parliament needs enlarging and just maybe at the expense of the Governor’s appointed members. These islands need their own representatives who will be held accountable for economic growth or the lack thereof. Its alarming and concerning to see the mass exodus of locals taking place from these islands whilst the PFA, some illegals are putting down a solid footing in these islands. In order words, as we flee, they flock!

Finally, Providenciales is not without its share of problems. The largest electoral districts are ridden with its share of problems which is increasingly urgent but manifested as a different dynamic; that of crime, smoking dump, illegals and the rapid construction of non-belonger buildings together with the shocking expansion of shanty towns.

Let’s look at Five Cays – its being taken over by illegal Shanty Towns. Look at Chalk Sound – Residents are being smoked out nightly by toxic dump fumes. Cheshire Hall – the area is predominantly known for the illegal shanties of Dook yard and the likes. Wheeland is plagued with the smoking dumps and becoming crime infested where a man can be gunned down in his own home at three am, together with a host of crimes that are not reported because of loss of faith in the police establishment.

In my view, the lack of action to adequately address these District’s and constituency problems is because these constituencies are so big, that the MP quickly points to other areas of the constituencies that are apparently flourishing – from mostly non-Belonger activity, since they can’t get funding – whilst turning a blind eye to these troubled areas; as if they don’t exist! We can attribute these factors to the lack of adequate political representation for these oversized districts, which means their issues are not presented in the frequency and detail that is necessary.

In order to avoid Providenciales – which some seem to think should be renamed to Turks and Caicos Islands – so it does not suffer from these family-island-like-problems, I call for the Electoral Boundaries Commission 2019 to create six seats for new areas in Parliament: Split Middle & North Caicos into North Caicos East & Middle Caicos for its own Seat. Create a new seat named North Caicos West and Parrot Cay. Split Five Cays and Chalk Sound into two seats to be named – Five Cays Electoral District and Chalk Sound Electoral District. Split Cheshire Hall & Richmond Hill into Two Seats to be called – Cheshire Hall Electoral District and Kew Town Electoral District. Finally, split Wheeland into Two Seats – Wheeland East and Wheeland West Electoral Districts. Add another Seat in the Nations Capital & another one in South Caicos.

This solution will compel those who are elected for these areas to keep the pressure on the powers that be to address these bread and butter issues, which are quickly becoming matters of life and death in our beloved Turks and Caicos Islands. We don’t skimp on the taxation, therefore let’s not limit representation.

Mark A Fulford

Finance

TCI Financial Services Opens Debate on Cryptocurrency Rules

Published

1 day ago

May 12, 2026

Deandrea Hamilton

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.

News

Conch Farm Site to become New Home for Watersports Operators

Published

1 day ago

May 12, 2026

Deandrea Hamilton

$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.

News

Anantara Targets North Caicos for Latest Luxury Development

Published

1 day ago

May 12, 2026

Deandrea Hamilton

International resort brand launches sales for residences and resort project on Sandy Point

Turks and Caicos, May 12, 2026 – Sales have started on what could become another multi-million-dollar luxury residential resort development for the Turks and Caicos Islands — but this time, North Caicos is poised to become home to the investment by international luxury brand Anantara.

The project, now being marketed globally through developer platforms and international promotional campaigns, is planned for the Sandy Point coastline and is being pitched as a collection of luxury residences paired with high-end resort amenities on one of the country’s least developed major islands.

What may distinguish this proposal from several ambitious North Caicos projects that never fully materialized, however, is the reputation and global footprint behind the Anantara brand itself.

Anantara Hotels & Resorts operates luxury properties across Asia, the Middle East, Africa and Europe under parent company Minor Hotels, an international hospitality group with more than 500 hotels in operation worldwide. The North Caicos project is being promoted as Anantara’s first-ever Caribbean development — a detail likely to draw heightened international attention and investor confidence.

Developers are positioning the investment as an opportunity to experience a quieter, less discovered side of the Turks and Caicos Islands, one they argue rivals the beauty and exclusivity long associated with Providenciales.

And North Caicos, one of the largest islands in the archipelago and widely regarded as its most lush and green, offers a dramatically different landscape from the tourism-heavy pace of Providenciales — with expansive wetlands, undeveloped beaches, dense vegetation and a slower, nature-focused atmosphere increasingly attractive to luxury travelers seeking privacy and wellness-oriented experiences.

According to promotional material, the development is located approximately 25 minutes from Providenciales by combined ferry and air connections and will include 78 branded residences, beachfront villas and resort-style amenities focused on low-density luxury living.

The project team includes several recognized figures in luxury hospitality and development, among them Rob Ayer, associated with Wymara Resort developments, and Caroline Domange, co-founder of Cheval Blanc, the ultra-luxury hospitality brand linked to LVMH.

Premier Charles Washington Misick is also featured prominently in the global announcement, describing the project as:

“the beginning of a new chapter for luxury lifestyles in the Turks and Caicos Islands.”

The investment aligns closely with government’s increasing emphasis on shifting development beyond Providenciales and driving greater economic activity into the Family Islands.

Still, the proposal is also expected to reignite wider national discussions about infrastructure readiness, housing pressures and the long-term pace of development throughout the territory — particularly as government recently approved the formation of a Public Private Partnership Working Group on Hotel Employee Accommodations.

Promotional material circulating internationally suggests residences at the North Caicos development could start at just under US$1 million — underscoring the ultra-luxury market the project intends to attract.

The project is currently targeting a 2029 opening.

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