#TurksandCaicosIslands – May 7, 2020 — Tourism sector employers in the Turks and Caicos Islands believe they will have to gradually decrease basic salaries to their staff and may eventually have to lay-off workers, up to 44 per cent of them, as the COVID-19 crises continues to paralyze the travel industry.
The shocking
findings herald a possible collapse of the Turks and Caicos economy and are
revealed in a survey conducted by KPMG and commissioned by the Turks and Caicos
Hotel and Tourism Association, TCHTA. Compelling statements and suggestions are
made to the TCI Government about possibly decreasing the economic disaster which
looms now, due to the unprecedented pandemic.
An
excerpt from the survey report says: “If
the effects of the pandemic are thought to continue for another six months the
monthly fall, based on monthly payroll data of respondents, will be US$46m
which for the period April to October represents a cumulative fall (including
April) in economic activity of approximately US$300m.”
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Stretch
out any continued negative impacts on travel and tourism due to the
Coronavirus, the Turks and Caicos could see economic activity usually enjoyed
due to the employees resident within these islands, plummet by as much as
US$460m over nine months.
More
than 5,600 employees are represented in the report by a range of employers who
were surveyed from April 12-20; the cumulative pay for this sampling of workers
in hotel and tourism is estimated at $11.9 million per month.
While
there is no concrete number of how many TCHTA members were included as the
source of the survey data, KPMG informed that 48 per cent of those surveyed had
between one and 20 staffers; 31 per cent of responders employ between 21-100
people; twelve percent of the employers have from 101 to 500 staff members and
nine per cent of those who completed the survey questions, employ over 500
people.
It
was revealed that since the impact of the pandemic on this tourism destination,
fifty-six percent of employees were retained, 30 percent were furloughed or
temporary laid off and 14 percent have been terminated.
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Currently
the islands have zero tourists with all ports of entry closed to visitors
during the public health crisis; so the leading industry is already in dire straits.
The KPMG survey exposes there is still more ground to loose however, including the
loss of spending by the employees from the country’s leading industry.
Food
shopping to rent to fuel and school fees, dining, banking, services, utilities and
entertainment will all suffer tremendous decreases in business activity if 44
percent of the industry workers are laid off and if the remaining 56 per cent
are not able to receive their full pay.
KPMG
explained it this way: “… it is clear
from the survey results that the percentage of base pay being paid in April is
not sustainable. Fifty-nine per cent of employers indicated that at the end of
April they will have to reduce this percentage of basic pay which will reduce
the level of economic activity even further particularly when taking into
account the 44 per cent of the workforce that will be let go shortly.”
One
solution put forth in the document is a government supported staff retention
program.
“Seventy per cent of
employers indicated they would be willing to contribute to some form of a
Coronavirus staff retention program (“the program”) which would be a program,
ideally backed by new legislation, which ensures current employees continue to
be employed and receive some pay even though there may be no work for them for
a certain period. Employees would also have their continuity of service
maintained. They would not be considered
to be unemployed. The program would be voluntary with “Participating Employers”
and “Non-Participating employers.”
With
tourism salaries contributing as much as $55 million per month to the country’s
GDP, according to the survey, there is an unequivocal message being
transmitted: that Government’s support of a staff retention program would
mitigate the severity of further fall out in the face of COVID-19.
In the end, it is stated within the TCHTA and KPMG survey report: “No economy the size of TCI’s can sustain such dramatic falls in economic activity.”
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Firm Also Secures 8 Individual Rankings and Strengthens Its Regional Leadership
[Providenciales, Turks & Caicos Islands – Stanbrook Prudhoe, a leading Caribbean law firm, is 1 of 2 firm’s ranked in Tier 1 for cross-Caribbean work and is described as having “built a strong reputation across the Caribbean for handling complex matters, multi-jurisdictional work spanning both transactional and disputes”. Sophie Stanbrook, Tim Prudhoe, Khamaal Collymore and Nadia Chiesa attract plaudits in this category.
Specific to Guyana, Sophie Stanbrook, Tim Prudhoe and Anna-Kay Brown are listed.
In addition, Stanbrook Prudhoe is again given Tier 1 status in the TCI firm rankings. Lawyers Sophie Stanbrook, Tim Prudhoe, Sam Kelly and Nadia Chiesa achieved individual rankings and Laura Miller named as a key lawyer for the firm’s Cross-Caribbean work.
Since its launch in 2022, Stanbrook Prudhoe has established itself as a formidable presence in the Caribbean legal sphere, specialising in Corporate and Fiduciary, Disputes, and Restructuring & Insolvency. This strong reputation is reflected in this latest round of Legal 500 rankings.
The firm’s co-founders, Sophie Stanbrook and Tim Prudhoe, are ranked as ‘Leading Partners’, Tim being 1 of 2 lawyers also listed as such across and the Caribbean as a whole.
The firm has offices in the Cayman Islands, Guyana and the Turks and Caicos Islands. With a growing presence in the federation of St Kitts and Nevis.
Commenting on the recognition, StanbrookPrudhoe co-founder Sophie Stanbrook said, “In just three years, we’ve gone from a bold idea to a Tier 1-ranked firm leading the Caribbean legal market. This recognition proves that ambition, talent, and teamwork can redefine what’s possible in our region, and we’re only just getting started. We look forward to building on this momentum and continuing to drive the standards for legal excellence across the Caribbean.”
The Legal 500 is one of the UK’s most respected legal directories, benchmarking law firms through rigorous independent research and ranking both lawyers and their areas of expertise. For nearly 40 years, it has provided a trusted assessment of law firm capabilities worldwide, evaluating more than 150 jurisdictions through comprehensive research, client feedback, and interviews with leading practitioners.
Turks and Caicos, December 4, 2025 – The Turks and Caicos Islands this week became the centre of regional security cooperation as senior defence leaders from across the British Overseas Territories gathered in Providenciales for the 4th Annual Overseas Territories Commanding Officers Conference — a three-day summit focused on strengthening capability, maritime readiness, and inter-territorial partnerships.
Acting Governor Anya Williams and Premier Charles Washington Misick, OBE, on December 1, welcomed Lord Lancaster, a key figure in the establishment of the TCI Regiment and the current Honorary Colonel of the Cayman Islands Regiment, for a courtesy call and high-level briefing session. Lord Lancaster joined Permanent Secretary for National Security Tito Lightbourne, TCI Regiment Commanding Officer Colonel Ennis Grant, and Commanding Officers from Bermuda, Cayman, Montserrat, the Falkland Islands, and UK defence representatives.
The visit, along with the wider conference agenda, signals a meaningful step forward for the rapidly evolving TCI Regiment, which has grown into a crucial national asset for disaster response, coastal security, joint operations, and resilience planning. Lord Lancaster’s presence carries additional significance: he was instrumental in shaping the Regiment’s formation in 2020 and remains a vocal advocate for expanding the capabilities of small-territory defence units within the UK network.
At the conference’s opening ceremony, Acting Governor Williams emphasised the importance of “collaboration and strategic leadership across the Overseas Territories,” noting that shared challenges — from climate shocks to transnational crime — demand a unified approach. The Permanent Secretary echoed this, highlighting increased maritime coordination and training pathways as areas where the TCI is seeking deeper integration with its regional counterparts.
Throughout the week, Commanding Officers participated in strategic discussions, intelligence and security briefings, resilience planning sessions, and on-site engagements showcasing the TCI’s developing operational infrastructure. The agenda also focused on improving interoperability — ensuring that Overseas Territories regiments can operate seamlessly together during disaster deployments, search and rescue missions, and joint maritime operations.
For the TCI Regiment, hosting the conference marks a milestone: it positions the young force as an active contributor in shaping the region’s security future rather than merely a participant. Leaders left no doubt that the momentum is intentional — and that the Turks and Caicos Islands are strengthening their role within a broader, coordinated defence framework designed to safeguard shared interests.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.
Turks and Caicos, December 4, 2025 – For the first time in his long political career, former Premier Michael Misick appeared on Drexwell Seymour’s “Financially Speaking” radio programme this week — and he used the platform to forcefully reject the Government’s new 60/40 business-ownership model, arguing that Turks and Caicos Islanders are once again being positioned to lose ground in their own country.
The interview came at a pivotal moment: the Washington Misick Administration has just issued a detailed press statement confirming that the controversial 100% Islander-only ownership requirement — praised by some as overdue protectionism and criticised by others as unconstitutional and discriminatory — was never Cabinet’s intended position. A “drafting error,” the Government now says, caused the blanket 100% clause to appear in the Business Licensing (Amendment) Bill, prompting a pause in Parliament and a full review.
This week, Cabinet reaffirmed its balanced 60/40 framework, arguing that meaningful majority control for Turks and Caicos Islanders must coexist with access to external capital, expertise, and investment partnerships. The Government cited international models, financing constraints for local entrepreneurs, and the need to avoid “harsh outcomes” that could unintentionally weaken local businesses or violate constitutional safeguards. It further pledged strengthened anti-fronting mechanisms, tighter oversight, and mandatory protections for local shareholders.
But Michael Misick isn’t convinced.
During the wide-ranging RTC interview, the former Premier dismissed the 60/40 model as inadequate and accused successive governments of diluting the rights and economic standing of heritage Turks and Caicos Islanders. He argued that fronting has flourished under the existing 51% rule, and that only full, uncompromised Islander ownership in certain industries can prevent locals from being reduced to symbolic partners with no real power. Misick described the Business Licensing Board’s disappearance, the rise of unchecked approvals, and the growing dominance of expatriate capital as evidence that the country is “losing itself, bit by bit, every sunrise.”
Seymour, a CPA and economic commentator, echoed concerns about fronting and asked whether the territory’s leaders were “afraid” to implement robust protections. Misick went further, accusing modern politicians of lacking political courage and failing to defend the long-term interests of heritage Turks and Caicos Islanders.
“Every time legislation comes to empower our people, there is resistance,” Misick said. “When it’s something that penalises our people, no one objects.”
The Government’s clarification attempts to neutralize that narrative, insisting Cabinet did not “retreat” under pressure but merely corrected an error to restore policy integrity. Still, the timing — after months of public debate, stakeholder pushback, and ongoing reference to the Grant Thornton economic impact report — has only deepened suspicion among critics who say the Administration is wavering.
What is clear is this:
The Business Licensing reform has cracked open the deepest unresolved question in the Turks and Caicos Islands — how to protect a small population from economic displacement while maintaining an investment climate that supports national development.
With Parliament scheduled to revisit the Bill this month, the clash between political philosophy and economic pragmatism is now on full display. And as Misick made clear on RTC, this debate will define not just policy, but identity.
Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.