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TCI: Premier and Minister of Finance, Investment and Trade attends InvestTCI’s 2nd Annual Economic Conference

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#Providenciales, November 14, 2019 – Turks and Caicos – The Premier and Minister for Finance, Investment and Trade attended Invest Turks and Caicos’ 2nd Annual Economic Conference at the Beaches Resort & Spa under the theme ‘Financial Services – Building Block to a Stronger, Diversified Economy’ on Friday, 8 November 2019.

The one-day event featured speeches by International Keynote Speaker, Lorna Smith, Former Executive Director, BVI Finance and Founder and Chief Executive Officer of LGS and Associates, among other speakers.

Premier Hon. Sharlene Cartwright-Robinson brought remarks and made a presentation on ‘The Government’s Role in Supporting a successful Financial Services Industry’ outlining actions taken and commitments already made by her Government to strengthen the Financial Services Sector as a part of a strategy to diversify TCI’s economy.

The Premier and Minister of Finance commenting on the importance of such stated, “The TCI has experienced a real GDP growth rate of 2.5% in 2018 and is expected to see a 3.2% growth rate in 2019. These targets are being achieved in the wake of two major storms in 2017. Economic growth, for the most part, has been carried by the Tourism and Hospitality Sector for the past thirty (30) plus years.  Even so, we are ever mindful that a country’s economic health should never be tied to a single industry or market sector.”

As it pertains to the importance of a joint effort between the Financial Services Sector, public and Private sector entities, Premier Robinson further added, “We see the Financial Services Sector as an integral part of the country’s economic advancement, where businesses and industries continually feed off of one another, growing larger and larger as the economy grows. It is a critical component of a diversified economy; creating a sustainable cycle of overall economic activity.

This conference, is an important platform that gathered leading industry players in the Financial Services Sector, the government and its ministries, departments and agencies, as well as other service providers in the various sectors of the economy. 

We are able to share, learn and collaborate toward the enhancement and advancement of the Financial Services ecosystem of the TCI, and to ensure that it is one that engenders growth.”

Premier Robinson also shared that her Government commissioned a full review of the Financial Services Sector and had received the report, completed by KPMG in June 2018. She further outlined what was already agreed but not limited to: 

·       The appointment of a high level team and a Project Manager

·       An immigration policy

·       Creation of a marketing plan (which has already received funding by TCIG) 

·       Creation of a five (5) year legislative plan

·       To commission surveys and the capacity to facilitate data collection

·       To create a cybersecurity and data protection strategy

·       To create training opportunities for TC Islanders

InvestTCI, which is the investment promotions arm of the government fall within the remit of the Minister of Finance.

Release: Office of the Premier

Photo Captions:

Header: From left to right (1st Row) : Minister for Education, Youth, Culture, Social an Library Services – Hon. Karen Malcolm; Partner, Griffiths and Partners, Managing Director of Coriats Trust – Mr. David Stewart; Deputy Premier and Minister for Infrastructure, Housing, Planning and Development – Hon. Sean Astwood; Minister for Tourism, Environment, Heritage, Maritime, Gaming and Disaster Management – Hon. Ralph Higgs; Chief Executive Officer of InvestTCI – Mr. James Bursey;

From left to right (2nd Row): Her Excellency Acting Governor – Mrs. Anya Williams; Premier and Minister for Finance, Investment and Trade – Hon. Sharlene Cartwright-Robinson and Former Executive Director, BVI Finance and Founder and Chief Executive Officer of LGS and Associates – Mrs. Lorna Smith.

Insert: Premier and Minister for Finance, Investment and Trade, Hon. Sharlene Cartwright Robinson bringing remarks at InvestTCI’s 2nd Economic Conference.

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Government Restates Commitment to TCI’s Telecommunications Evolution

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Deandrea Hamilton | Editor

PROVIDENCIALES, TURKS AND CAICOS ISLANDS — The Turks and Caicos Islands Government is embracing satellite technology while reaffirming that neither Flow and Digicel nor plans for national fibre-optic infrastructure will be abandoned as the country enters a new era of telecommunications.

The position was underscored during the August 27 licensing of Starlink Caribbean LLC, completing a process that Kenva Williams, Director General of the TCI Telecommunications Commission, said took two years.

Minister responsible for Telecommunications Shaun Malcolm stressed that Starlink is intended to complement the telecommunications infrastructure already built across the islands, with Government remaining committed to supporting existing providers as technology evolves.

That commitment was echoed emphatically by Williams, who acknowledged concerns among the country’s established telecommunications companies about the arrival of the global satellite provider.

“The stakeholders are concerned, of course — Flow and Digicel — but I would say, as a regulator, you’re not going to fail, not on our watch. We’re going to ensure that policies are in place to keep the terrestrial services alive,” Williams said.

He explained that the established providers remain essential because of the infrastructure and mobile networks they operate.

“They are the ones who have infrastructure. They are the ones who provide the mobile services. We have to implement policies to ensure that they are well and alive while Starlink is here.”

Starlink’s entry was also strongly supported by consumers. Williams revealed that during consultation, 80 per cent of respondents indicated they wanted the satellite internet service.

The Commission nevertheless spent two years establishing an appropriate regulatory framework, consulting existing operators and stakeholders and addressing licensing, spectrum and competitive concerns before approving Starlink.

Government is also maintaining its longer-term ambition of a national fibre network, despite the considerable expense involved. Williams used the licensing ceremony to publicly urge Government to continue pursuing the project.

“Please do not lose the dream of the national fibre. That is needed. It is a must,” he said, with Malcolm reaffirming Government’s commitment to the development.

The approach positions satellite, terrestrial and fibre technologies as complementary pieces of TCI’s future telecommunications network rather than competitors from which only one can survive.

Starlink offers an immediate advantage for the country’s geography, particularly sparsely populated islands where laying extensive terrestrial infrastructure can be difficult and expensive. TCI now joins more than 20 Caribbean countries and territories where Starlink is available, expanding broadband options for homes and businesses.

The service also provides another layer of communications resilience during hurricanes and other emergencies when conventional infrastructure may be damaged or inaccessible.

Starlink will operate independently from Flow and Digicel for its regular satellite internet service, although future Direct to Cellular services will involve partnerships with the two mobile providers, according to Williams.

One significant difference will remain between the new entrant and TCI’s established telecommunications companies: Starlink will not maintain a physical office in the Turks and Caicos Islands. Williams confirmed that its operations and customer interactions will instead be conducted online.

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Tomorrow’s Communities Start with Today’s Young Leaders: Why Youth Engagement Matters

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Ask a young person what they would change about their community and the answer can be surprisingly revealing. They notice the places that feel safe and those that do not. They know where they can gather play or socialise, and where opportunities are lacking. They see the consequences of decisions made by adults, even when they may not yet understand the policies and systems behind them.

That perspective matters. The communities being planned and developed today are the places in which today’s children and teenagers will eventually build careers, raise families and make decisions of their own. Giving them an early understanding of how communities develop, why rules governing land and development exist, and how individual choices affect the wider society helps prepare them to participate thoughtfully in that future.

There is also value in giving young people a voice in the present. Youth engagement creates opportunities for them to ask questions, challenge assumptions and consider problems from perspectives that may differ from those of policymakers and professionals. Just as importantly, it encourages a sense of ownership. A young person who understands why responsible development matters is better placed to appreciate the connection between the choices made today and the kind of community they will inherit tomorrow.

This thinking is at the heart of the Informal Settlements Unit’s Youth Outreach Programme. Through engagement with young people across the Turks and Caicos Islands, the programme introduces students to issues surrounding informal settlements, sustainable development and community responsibility in ways designed to encourage curiosity and participation. It also provides opportunities for young people to bring their own ideas and creativity to the conversation.

The next instalment of the Youth Outreach Programme will continue that work during the coming school year, with school visits and exciting competitions aimed at engaging students across different age groups and giving them opportunities to learn, participate and express their ideas. The ISU will be collaborating with the Ministry of Education on the National Primary Schools Spelling Bee as well as a National Secondary Schools Debate Competition, both in May of 2027.

The return on this sort of investment may not be immediate. Attitudes towards community, responsibility and citizenship develop over time, shaped by what young people see, what they are taught and the opportunities they are given to participate. If we want tomorrow’s communities to be thoughtfully planned, responsibly developed and cared for by the people who live in them, there is good reason to begin that conversation with the generation that will inherit them.

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Saunders Tells Caribbean Media: Be Seen, Be Heard – But What About TCI

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by Deandrea Hamilton | Editor

 

PROVIDENCIALES, TCI — In a country where government press conferences are virtually non-existent, ministers are often difficult for journalists to access and regular broadcast television news has disappeared, TCI Innovation, Technology and Energy Minister E. Jay Saunders has challenged Caribbean media to become “impossible to ignore.”

Speaking at the Caribbean Broadcasting Union gathering, Saunders argued that the Caribbean does not have a relevance problem but a “discoverability and positioning problem.”

Discoverability is precisely the issue in Saunders’ home country. Even Government’s own attempts at video news broadcasting have struggled against the realities of consistently producing a daily, weekly or even monthly newscast.

The difficulties confronting TCI media extend well beyond algorithms: limited advertising revenue, underfunding, shortages of trained professionals and insufficient human capacity leave newsrooms struggling for both staff and stamina.

Then there is the reality of operating in one of the region’s smallest societies. Politicians, journalists, advertisers, businesses and the subjects of stories often exist within the same tight economic and social circles. A controversial report that might create a ripple elsewhere can produce a tsunami in TCI, intensifying concerns among journalists about commercial and professional victimisation.

Saunders believes AI can help.

He urged Caribbean media to use the technology to transform one original story into television, radio, web, podcast, social and translated content without multiplying newsroom workload.

He also wants regional journalism structured so AI systems can find, understand and trust Caribbean sources, moving media beyond traditional SEO into Answer Engine Optimisation.

His ultimate message was emphatic: “Use AI not to make Caribbean media more artificial — but to make Caribbean voices more visible.”

For Turks and Caicos media, however, becoming visible may require more than technology. It requires an environment in which journalism can survive.

That last sentence is where I think we land the plane. It acknowledges that EJ actually has some us

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