Connect with us

TCI News

Published

on

#GrandTurk, Turks and Caicos Islands – December 17, 2020 – A starting loan of $80 million dollars is approved by the Turks and Caicos House of Assembly and it will help to mitigate the economic fall-out resulting from the impact of the coronavirus pandemic on the local economy. 

Advertisement

Losses sent the Turks and Caicos into recession and demanded that funds be found to fill the hundreds of millions of dollars lost in government revenue. 

Premier Sharlene Robinson, on Wednesday December 16, informed the House, that it took a mere seven weeks of a competitive bidding process following the October announcement of the need for the loan, to agree on the Republic Bank Ltd as the best lender.

The loan is for up to $80 million at a per annum interest rate of 2.9 percent. Turks and Caicos has 12 months to repay the loan and can borrow an additional $100 million with no additional fees or penalties, said Mrs. Robinson, TCI Premier and Minister of Finance.

The Opposition Leader believes it took the PDM Administration too long to move to secure the loan.

“It is surprising that it took us until October to be able to reach out to financial institutions,” said Washington Misick, who is also the former Minister of Finance, “We could have seen this coming and could have better prepared to provide relief to the people of the Turks and Caicos Islands based on those projections. The good thing about numbers, the good thing about financial planning is you could always present what is called flexible budgets, scenario analysis that would say what the worst situation is, the best situation is and more likely situations.”

C. Washington Misick, Leader of Oppositon (PNP), file photo

Mr. Misick is convinced the Turks and Caicos will need more money and shared the Opposition will support the measure largely because of those who would be adversely impacted if the borrowed funds were any further delayed.

“…for the people of the Turks and Caicos Islands and particularly the persons who would most likely be impacted, by the inability to pay government expenses  in the absence of having this stand by line of credit

 There was also concern and caution expressed by the Opposition Leader about when Turks and Caicos would begin to see some semblance of normal in the leading industry of tourism.

“It is anticipated that tourism would be in full swing by the middle of December, which is where we are now my understanding is the average occupancy rate in the islands is around 35 at the most 40 percent. So, I’m hoping – as I have spoken to the budget in April – that again we are not being over optimistic about what the real situation is.”

Misick agreed that the cost of the borrowing is reasonable.

Republic Bank is based in Port of Spain, Trinidad and Tobago and is a publically traded company on the Trinidad and Tobago Stock Exchange (TTSE).

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.

TCI News

ONE DOWN, FOUR AMERICANS TO GO, UP NEXT FOR SENTENCING ON TUESDAY 28TH MAY, TYLER WENRICH

Published

on

Wilkie Arthur
Freelance Court Correspondence

He pleaded guilty before his Lordship, The Hon. Mr Justice Davidson Kevin Baptiste in the Grand Turk Supreme Court last week to one count of illegally possessing two rounds of ammunition at the Grand Turk Cruise port in the Turks and Caicos Islands (TCI).

At the conclusion of the hearing, last week TUESDAY May 21st, the learned judge indicated his sentencing will be within seven days.

Magnetic Media received notice and was able to confirm that Tyler’s sentencing will be handed down on Tuesday 28th, 2024.

The 31-year-old paramedic and young father from Virginia was not able to join the other Americans arrested, charged, and on bail in Providenciales as a part of his bail conditions was that he had to remain on the island of Grand Turk (the place of his offense) until the conclusion of his case.

Magnetic Media will continue to follow the outcome in this and all remaining matters concerning the Americans arrested and on bail in the Turks and Caicos Islands for breach of the Firearms Ordinance.

Tyler Scott Wenrich was arrested last month, charged on April 23rd and his first court appearance was a day later on April 24.

His human rights Attorney Ms Sheena Mair did apply for expedited proceedings for her client, hence the reason he is due to be sentenced on Tuesday at 10 a.m.

Continue Reading

News

Turks & Caicos Premier salutes Sandals for country’s economic growth  

Published

on

~SCU and TCICC using industry knowledge to train and develop ~

 

Montego Bay, Jamaica – Premier of the Turks and Caicos Islands, the Hon. Charles Washington Misick, has saluted Sandals and Beaches Resorts for the major economic impact they have had on the islands, alluding to the significant growth in the Gross Domestic Product since the opening of the Beaches Turks and Caicos Resort Villages and Spa (BTC) in 1997. He spoke to the major investment the luxury all-inclusive chain provided through the work of former chairman Gordon “Butch” Stewart, and the continued support by now Executive Chairman, Adam Stewart.

In his keynote address at a recent ceremony for the signing of a Memorandum of Understanding (MoU) between the Sandals Corporate University (SCU) and the Turks and Caicos Islands Community College (TCICC), Honourable Misick shared, “I used to meet Butch in Miami at Coconut Grove where we had many conversations about him potentially acquiring the hotel for the chain. He did so the following year, 1997. Fast forward to today, BTC has become a staple and one of the reasons why we’ve been able to do so much in these islands.”

Additionally, he lauded the continued work of the brand to empower the labor force, under the leadership of SRI’s Executive Chairman, Adam Stewart. He explained, “the partnership between SCU and TCICC was conceived with the vision of strengthening the local workforce. In under four months, we’ve made remarkable progress. By elevating educational standards and creating job opportunities, we’re not just enhancing the Human Development Index (HDI) for the Turks and Caicos Islands, we’re building a more efficient economy. The focus is on improving education, improving quality of life, but also, as a small country, we would like to be able to expose our young people to what is happening in the other corners of the Caribbean, and the world.”

The MoU signing is the second of its kind for the SCU in the region, following a recent agreement with the UWI Global Campus. Held at the Beaches Turks and Caicos Resort Villages and Spa, the ceremony was also attended by Minister of Education, Youth, Sports and Culture, the Hon. Rachel Taylor, Minister of Tourism, Environment, Heritage, Maritime, Gaming and Disaster Management, the Hon. Josephine Connolly, Executive Chairman of Sandals Resorts International, Adam Stewart, President/CEO of TCICC, Dr. Candice Williams along with other dignitaries and leaders from both SCU and TCICC.

Hon. Taylor praised the partnership, adding that it represents, “a visionary initiative aimed at harnessing our collective strengths to bolster a sector that is vital to our economy. As we formalise this agreement, we are planting seeds for a future that holds unparalleled opportunities for our students, educators, and the hospitality industry at large.”

In his remarks, Adam Stewart affirmed the significant role of the SCU in the region, encouraging team members to embrace it as a catalyst for personal growth and self-improvement. He also commended the partnership with SCU and TCICC, noting SCU’s commitment to providing internships annually is just a fraction of the exciting opportunities available through this collaboration. He shared, “people are at the centre of what we do.  The best thing you could do for the people of the Caribbean, is to provide opportunities for education. The quintessential saying of ‘teach an individual to fish as opposed to giving them a fish’, provides them with careers, exposure and builds their confidence to be able to be the best version of themselves. In turn, they can achieve their own independent economic goals and dreams.  So what we’re doing is just one more commitment to the Turks and Caicos Islands, to the people of the Caribbean, to say everything that we’ve learned we’re sharing with you. We are fully committed at Sandals Resorts International and will remain an absolute investor in this country.”

In her address on behalf of TCICC, Dr. Candice Williams noted, “as we embark on this partnership with the SCU, we recognise its transformative potential for our students and our country. Through collaboration, innovation, and shared expertise, we will enhance the quality of education and training and create pathways for our students to excel in their careers and become leaders in the industry.”

The SCU will also work with the TCICC to identify subject matter experts from Sandals and Beaches Resorts to give guest lectures, provide input into the curriculum being developed for the TCICC’s hospitality and tourism management programmes and provide opportunities to promote enrolment of Sandals and Beaches team members in relevant programmes offered at the TCICC.

Additionally, the SCU will endeavour to facilitate the placement of up to 100 interns from TCICC within Sandals and Beaches Resorts per year for work experience and a formal Internship programme for students at various levels. Lastly, the SCU will, where possible, provide the opportunity for TCICC students international certifications through their partnerships with accrediting bodies in all aspects of hospitality management and technical related areas.

 

Photo Captions

Header – (From left, back row) Mr. James McAnally, managing director, Beaches Turks and Caicos Resort Villages and Spa, Dr. Deloris Stapleton-Harris, vice president – academic, vocational and student affairs, TCICC, Mr. Shawn DaCosta, chief operations officer, SRI, Dr. Luz Longsworth, senior corporate director, SCU, the Hon. Rachel Taylor, minister of education, youth, sports and culture, the Hon. Jamel Robinson, deputy premier, TCI, the Hon. Josephine Connolly, minister of tourism, environment, heritage, maritime, gaming and disaster management, Dr. Candice Williams, president/CEO, TCICC, Mrs. Cherylann Jones, permanent secretary, TCI, Dr. Barbara Ambrister, chair, board of governors, TCICC, (front left) Mr. Adam Stewart, executive chairman, SRI, HE. Dileena Daniel-Selvaratnam, governor, TCI, the Hon. Charles Misick, premier, TCI, all share smiles ahead the signing of a MoU between the Sandals Corporate University and the Turks and Caicos Community College.

Insert – Captured after the signing the Memorandum of Understanding are the Hon. Charles Misick, premier of the Turks and Caicos Islands alongside Mr. Adam Stewart, executive chairman of Sandals Resorts International. This two-year agreement will assist the TCICC in strengthening its Hospitality and Tourism Programme to build local capacity and develop leadership in the industry from within the Turks and Caicos Islands.

Continue Reading

TCI News

Provo Water Company Issues an Update on Water Distribution Challenges

Published

on

PROVIDENCIALES, TCI. MAY 22, 2024: Provo Water Company (PWC) announced today that, due to persistent demands, water restrictions will continue through June 2024 as the organization continues its commitment to improving the water distribution network through various projects addressing current distribution challenges.

The water restrictions, which have been in place on an as-needed basis, will continue in the following areas: West of Suzie Turn: Including The Bight (between Beaches Resort and Turtle Cove), Cooper Jack, Industrial Park, Thompson Cove, Cherokee Road, Blue Mountain, Downtown, Airport Road, Kewtown, Blue Hills, Five Cays, South Dock, and Chalk Sound will encounter low to no water pressure during nightly restrictions from 11:00 p.m. to 5:30 a.m. Venetian Road and Turtle Tail: Will undergo a 50% water restriction from 9:00 p.m. to 5:30 a.m., potentially leading to reduced water pressure for customers.

In response to the ongoing high water demands, PWC Managing Director Robert Hall reaffirmed his team’s unwavering commitment to mitigating these challenges.

He said, “Water demands on Providenciales are still high, and as we continue to make progress on our improvement projects to address these short-term distribution challenges, we kindly ask for your patience and understanding while we work expeditiously to resolve these issues.”

PWC is currently working on three key projects to improve water distribution across Providenciales. The primary focus is on the New City Water Transmission Main Project, which includes the installation of larger-diameter pipes along a new route. This initiative aims to significantly boost water flow and establish an alternative distribution route through which to distribute water.

Another project currently underway involves replacing older valves in the water distribution network with newer, larger-diameter valves. This upgrade will enhance water flow, resulting in improved distribution along the existing network pipes. The third project focuses on enhancing the current booster equipment responsible for augmenting water flow within the distribution network.

These enhancements will bolster the booster’s capacity to leverage the upgraded pipe diameters and replaced valves more efficiently.

Speaking on the projects and their progress, Hall said, “These projects have always been a part of our plan to accommodate the growth of the country. Unfortunately, unforeseen setbacks due primarily to the long-term effects of the pandemic and its impact on the world economy and supply chains, among other factors, have taken their toll on our project timelines. Our team is committed to resolving these issues as quickly as possible, but we are taking every measure to ensure that we do so in a way that allows us to continue providing incredible service and value to our customers.”

In addition to the improvement projects, PWC is also in the process of building a new water plant on the northwest side of the island. This new plant will introduce a new distribution point closer to the areas currently experiencing water restrictions and provide a host of benefits to water distribution for the whole island. Hall emphasizes the significance of water conservation as a crucial measure in addressing water shortages.

Simple actions like repairing leaks, utilizing water-efficient fixtures, and practicing mindful water usage can greatly contribute to preserving precious water resources and reducing monthly bills.

For more information on Provo Water Company and its water efficiency and conservation initiatives, visit its website, provowater.com, and social media pages at @ProvoWaterCompany for tips and announcements, or contact our customer service team at customerservice@provowater.com.

Continue Reading

FIND US ON FACEBOOK

TRENDING