Connect with us

TCI News

Editorial: We Must Diversify!

Published

on

By Jamell Robinson – March 12, 2020

As COVID-19 aka the Coronavirus having now been classified as a worldwide pandemic, it has brought into sharp focus in my mind just how vulnerable our Tourism based economy happens to be. In Italy, the government has decided on a country wide lock down. Across Europe, Football games (Soccer) are being cancelled. In the USA, the NBA has now suspended its season and the famed March Madness Tournament is going forward without any fans in attendance at the stadium. Universities are requiring students to do classes online off campus. All of these measures are in an effort to slow, stop, or avoid the spread of the Coronavirus within these countries by reducing events or gatherings of large crowds.

All the while, worldwide travel is continually being reduced, manufacturing being affected, and economies are taking big hits. The Center for Disease Control (CDC) in the USA has advised US citizens to avoid taking cruise ship vacations. Hotel bookings are being cancelled across the TCI. Tour Operators are battling cancellations in Grand Turk due to concerned cruise passengers related to TCIG’s preparedness. In response to the confusion of whether a sick passenger could be Medevac’d from Grand Turk, Carnival has diverted several of its ship calls to the Grand Turk Cruise Center. All of this is happening and the Turks and Caicos presently does not have one confirmed or suspected Coronavirus case.  

As the saying goes, Necessity is the Mother of Invention. It’s clear that it has become necessary that we as a people answer the question, what will we do economically if our Tourism Industry is significantly reduced or collapses altogether. While in the midst of a crisis, it might not seem ideal to focus efforts on long term solutions but rather to focus on the crisis at hand. However, Dr. Myles Munroe has said “In the middle of a crisis is when your mind is at its sharpest”. In the short-term TCIG must consider or at the very least find out the cost if they need to provide Business interruption financial assistance for Turks and Caicos Islander Business and Personnel if there is a significant and extended economic disruption due to the COVID-19 Pandemic. We have over $200 Million in cash reserves. We simply need to know the cost and how such a program could be implemented if deemed necessary.   

In the long-term, we must unleash the pent up potential of young Turks and Caicos Islanders both near and far in an effort to genuinely find out the next industry to pair with Tourism, if not surpass it, in order to truly diversify our economy. It must be both robust and sustainable. The vehicle to encourage this innovation must be Invest TC with a revamped MSME Ordinance, such that all categories are waved and the $10,000 grant is increased to a $50,000 grant paired with a $50,000 loan facility, which would result in up to $100,000 in startup capital. These paired with the development of Business Incubators will no doubt result in the ideas we need to diversify our economy!

Right now it feels like we are sitting ducks waiting on the inevitable. No need to waste a crisis, as in every crisis there is opportunity!

SEND YOUR VIEWS OR PERSPECTIVES OR CONCERNS TO deandrea@magneticmediatv.com

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

News

Airport Investor Deadline Extended, says TCIAA

Published

on

Dana Malcolm

Staff Writer

 

 

#TurksandCaicos, September 24, 2023 – Bidders are showing interest in the Providenciales Airport Redevelopment Project as the deadline for pre-qualification has been extended at the request of potential investors, according to the Turks and Caicos Islands Airports Authority (TCIAA).

In a September 19th update, the TCIAA revealed that to allow adequate time for the submission of applications, the closing date has been extended from Wednesday, 27th of September 2023 to Wednesday, the 18th of October 2023.

The Government is hoping to find an investor willing to front the $360 million cost to redevelop the airport within five years and subsequently manage it and its revenue.

The investment to expand the terminal has also been estimated at $400 million.

No comment has yet been shared by TCIG on the level of interest in the project since it opened in August, but the Government had begun to receive unsolicited drafts from multiple investors before they had even decided on the structure of the redevelopment which is to be a Public Private Partnership.

The redevelopment is a necessary step in the Turks and Caicos’ tourism evolution according to consultants as the country prepares for a sustained increase in travelers.

The Government has set an ambitious timeline for the project with contracts to be signed by early 2024.

Continue Reading

News

Provo Town Hall Meetings canceled 

Published

on

Dana Malcolm 

Staff Writer 

 

 

#TurksandCaicos, September 24, 2023 – The six National Town Hall meetings set for Providenciales this month have been postponed until further notice.

Announced on August 30th, the meetings came as the Government was put on blast for not communicating effectively enough with residents.

A suite of similar meetings were held in the country last year and residents turned out to share their concerns, ideas and to hear what TCIG was planning to do for them.

The postponed meetings were supposed to be as follows:

Five Cays — 20th September;

Wheeland — 21st September; 

Cheshire Hall —22nd  September;

The Bight — 25th September;

Blue Hills —  26th September And ;

Leeward And Long Bay —27th September  

Providenciales residents, especially in Five Cays, have been clamoring for a meeting with the elected representatives to talk about several matters, first and foremost the criminal activity that disproportionately affects the densely populated island.

There was no indication whether other government agencies including the police, would be on hand to answer questions during the meetings.

The meetings for the rest of the country listed for October will run as normal.

Continue Reading

News

TCI attends the 25th Annual Caribbean Postal Union Conference & 19th Caribbean Council of Ministers of Postal Affairs Meeting held in Kingston, Jamaica

Published

on

#TurksandCaicos, September 24, 2023 – The Minister of Home Affairs, Public Safety and Utilities, the Honourable Otis C. Morris led a four-member delegation to Kingston, Jamaica for the 25th Annual Caribbean Postal Union’s  (CPU) Conference and 19th Caribbean Council of Ministers of Postal Affairs Meeting, which was held from 10th – 15th September 2023, under the theme: “The CPU at 25: Evolving for Economic Sustainability”.

Joining the minister at the conference were Permanent Secretary, Bridgette Newman, Postmaster General Mrs. Elizabeth James and Head Secretariat Ms Shanetta Thompson.

The opening ceremony which was held on Monday, 11th September 2023 was attended by ministers with responsibility for post, permanent secretaries, postmasters general from around the Caribbean, as well as representatives of the Universal Postal Union (UPU) and other regional and international postal officials.

The keynote speaker for the event was Senator the Honourable Dr. Dana Morris Dixon, Minister without Portfolio, Office of the Prime Minister responsible for with responsibility for Skills and Digital Transformation. She noted the post office remains relevant and plays a crucial economic role in many Caribbean societies. The gathering of so many practitioners in the industry was a testament to their commitment to making postal services throughout the Caribbean more efficient and competitive.

Other areas of focus during the conference included:

  • The importance of public partnerships in creating an e-commerce infrastructure, to stimulate economic sustainability.
  • Best practices and initiatives throughout the Caribbean
  • Technology and CARICOM-CPU cooperation on how to access modern postal technology.
  • Growth of the country’s economy while helping citizens and protecting the environment
  • Achievement of United Nation’s sustainability development goals

A wide range of challenges facing the CPU, including transportation, declining revenues and delivery costs were also discussed.

Commenting on the conference, the Hon. Otis Morris stated that it was a very good opportunity to meet as Caribbean ministers and postmasters general to discuss challenges and as well as opportunities for collaboration in the area of postal services.

He recognised that there remains a need for the improvement of services within the post office as well as the exploration of new goods and services.

He concluded by thanking the Postmaster General and her team for their continued work in the area of post in the TCI and pledged his continued support to the Postmaster and her team.

Postmaster General of the Turks and Caicos Islands Mrs. Elizabeth James, noted: “I am happy that I was able to network with my colleagues from across the Caribbean to confront common issues and charter initiatives to deal with these issues which are faced by postal services regionally and internationally”. 

The Postmaster thanked the CPU for hosting the conference and the Ministry of Public Safety and Utilities for making her attendance possible.

 The delegation returned to the Turks and Caicos Islands on 16th September 2023.

Continue Reading

FIND US ON FACEBOOK

TRENDING