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TCI: Two Month Election Win Anniversary, another bankable announcement by PNP Govt through the Treasury

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#TurksandCaicos, April 21, 2021 – It was an announcement long past due for thousands of Turks and Caicos Islanders who learned on March 1 they would benefit from the millions of dollars which had been set aside for cash support during the Coronavirus pandemic.  No hurdles to hop, no rivers to cross because the only qualification this time around was being a citizen of the country.

It was a landmark move and a rare occasion which gave the indigenous people of the territory a feeling of advantage; and it was credited to the quick work and empathy of the newly elected Washington Misick administration of the Progressive National Party.

“Less than six (6) weeks since taking office and four (4) weeks since approving this program, I am pleased to say that over twelve thousand (12,000) persons have been able to benefit from this programme with cheque distribution having begun on Friday, 26 March, 2021.

This was no small undertaking as it required the careful consideration, time and effort of a number of key stakeholders across government including the support of my Cabinet and House of Assembly colleagues, but most importantly the operational support of my Finance Team that did an excellent job in the roll-out delivery of this programme,” said Hon Washington Misick, Premier and Minister of Finance, Investment & Trade in a statement on April 9.

On the two month anniversary of winning 14 of 15 seats at the polls, Misick and his team would have another popular announcement reach the masses, via a government issued media statement. It extended the Citizen’s Relief $1,000 cash grant programme from wrapping up on April 25, to instead conclude with cheque distribution and delivery of some cheques to the end of June.

“To ease the congestion at the various TCI Treasuries and reduce the wait time for collection, approved citizen relief stimulus recipients are advised of the following amendments that have been made to the cheque distribution process: Extension of the date for collection of grant payments.  The final day for collection of Citizen Relief Stimulus cheques will be on 30th June 2021,” informed the Ministry of Finance.

The requirement for in-person collection of cheques made the already super-sized undertaking, a mammoth venture logistically and it got complicated for the Finance Team when the in-person requirement during cheque distribution could not be met by qualified and approved applicants. 

For some individuals, they were trapped abroad caught in the UK lock down.  For others, medical treatment and urgent matters out of country prevented an in person pick up of the waiting cheque within the given timeframe.  In the case of the inmates at Her Majesty’s Prison, a system had not yet been agreed on how those qualified would secure their cheques and others who were simply unable to bear the long lines due to health constraints or illness; all of which represented reasonable scenarios which left hundreds out.

The PNP Administration went on record to say the purpose of the cash stimulus was to get the $1,000 into the hands of citizens of the country, to exhaust the approved $14.5 million to support residents who suffered economically over the pandemic.   

“Recognizing the negative impact that the global COVID-19 pandemic has had on our islands over the last year, my government in its second but first substantive Cabinet meeting on 1st March 2021 approved the payment of one thousand dollars ($1,000) to all eligible Turks and Caicos Islanders and British Overseas Territories Citizens (BOTC) that have been residing in these islands during the last twelve (12) months,” said Premier Misick in that April 9 statement commending his finance team.

“For this, I express my profound thanks to the leadership of the Ministry of Finance, the Permanent Secretary of Finance, Mrs. Athenee Basden and Deputy Secretaries, Mrs. Shonia Thomas-Been and Mr. Stuart Taylor; the Director of ITT, Mr. Andre Mills and his team for leading on the development of the application portal and all technical requirements; the Director of Statistics and his team for providing review and vetting support; the Accountant General, Mr. Hemant Sinanan and his team for their work on the payment and distribution system, as well as support provided from the Deputy Governor Her Excellency Anya Williams, the staff of Revenue Control Unit and Customs Department on the roll out of the programme.”

Despite these efforts, there continues to be extreme lines at the Treasury’s Office in Providenciales and the department has now publically acknowledged the need to make some allowances.

“For applicants who are seeking medical treatment overseas (along with persons who accompanied them), subsequent to their citizen relief grant being approved, the cancelation of the stimulus cheque will be delayed up to the earlier of the applicant’s return to the island or three months from the date the cheque was printed.

Applicants who fall within these criteria would be required to submit a written request along with supporting documentation to the tcicitizenrelief@gov.tc email address.”

In those cases, the Treasury Office informed:  “The supporting documentation would include, but not limited to the following: Copy of travel itinerary departing and returning to and from the TCI; Medical documentation to support claim of overseas treatment; Name of Applicant and Citizen Relief Application number.”

For those, unable to physically make the journey to pick up the waiting cheques; the Treasury Office again demonstrates a willingness to have them benefit from the program.

“Citizen Relief Stimulus recipients who are disabled or confined to their home (in Turks & Caicos Islands), the Treasury will be providing a cheque delivery service to the applicants’ home.  To utilize this facility approved applicants are asked to make a written request, for the delivery of the cheque to tcicitizenrelief@gov.tc. The request must include the following:

a copy of the approved applicant ID; application number; phone number and address for the cheque to be delivered.”

Caribbean News

Barbados Investment & Development Corporation (BIDC) signs MoU to collaborate on the development of sustainable ocean renewable energy with Global OTEC

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Consultant Manager Bloom Clean Technology & Climate Tech Center of Excellence - Mr. Damien Prescod / Chief Executive Officer of Global OTEC Mr. Dan Grech at UN Ocean Conference in Nice, France, on June 10th

10th June 2025, Nice, France — The UN Ocean Conference (UNOC3) held this month in Nice, France, was the stage for an important advancement for marine renewable energy in Barbados. In the margins of the event, the Barbados Investment & Development Corporation (BIDC), through its Bloom Clean Technology and Climate Tech Center of Excellence, signed a Memorandum of Understanding (MoU) with Global OTEC, a climate technology company specialised in Ocean Thermal Energy Conversion (OTEC). This partnership supports the industrial development targets with regards to sustainable clean energy production for energy security at the Corporation’s Industrial Estates and “energy” as an export commodity.

The landmark collaboration reaffirms BIDC’s commitment to innovative around clean technology solutions from the Blue Economy of Barbados. Barbados has set ambitious goals to achieve diversification of its energy mix and a reduction on the reliance on heavy fuels imported into the island for energy production. Through collaborations such as this, it is without doubt that the island’s target of becoming a carbon neutral state by 2030 will become a reality and OTEC can play a vital role in this plan not only in Barbados but also neighbouring Caribbean territories.

Through the MoU, both parties will collaborate on technical assessments, stakeholder engagement, and the evaluation of suitable locations for the technology implementation. OTEC can change the island’s industrial development and clean technology landscape, bringing sustainable climate smart baseload power 24/7 to Small Island Developing States (SIDS), being a viable solution to the current diesel generators that provide electricity to over 282,000 Barbadians. Using the temperature difference between warm surface water and cold deep water to provide continuous electricity, OTEC is well suited for the country given the shelf on its eastern coast.

“Small Island Developing States need to innovate in their industrial development thinking and their approach with regards to their energy security and sovereignty, manufacturing and processing, technical capacity development, scientific knowledge acquisition and technology transfer for future focused careers and sustainable economic growth. The volatility of global energy markets due to geo-political conflict and logistical challenges leave the economies of SIDS vulnerable, equally when we consider climate change, it’s clear that the business as usual will no longer be adequate for industrial and sustainable development in the global South, especially in the context of the blue economy. Greening our industrial estates through innovative technology will remain a key strategic objective at the Corporation, especially if the technology under consideration can positively impact of manufacturing and commodity export portfolio”, states BIDC Chief Executive Officer Mr. Mark Hill.

The MoU follows a growing interest in ocean-based climate solutions among SIDS, which face increasing pressure to enhance energy security and reduce carbon emissions. Global OTEC’s modular approach to the technology is designed to integrate with island grids, offering a sustainable alternative to diesel generation and can provide energy redundancy to the grid after severe weather impacts from tropical storms. BIDC’s green hydrogen targets can also be assisted by Global OTEC’s technological solution.

Global OTEC is also leading the EU-funded project PLOTEC, which built and will test a floating storm-resistant structure for OTEC in weather-prone regions, such as the Caribbean. The advancements in design and materials will make ocean energy more resilient to tropical storms and severe climate conditions, leaving countries like Barbados less vulnerable to electricity outages, particularly when needed the most.

Barbados has previously expressed interest in OTEC, as last year Global OTEC presented its projects in a roundtable at the Export Barbados (BIDC) headquarters. “Barbados continues to lead by example in the global blue economy. This MoU builds on our longstanding engagement with the country and signals our commitment to making Barbados the launchpad for a Caribbean cluster of ocean thermal projects. We can unlock clean, reliable power from the ocean, and Barbados is showing the region how it can be a lighthouse for the region”, emphasises Global OTEC Founder and CEO Dan Grech.

OTEC: a great fit for the Caribbean

The Caribbean is facing an energy crisis, commonly referred to as a “fuel trap”. To escape this trap, the region needs renewable energy technologies that take into account its unique characteristics, such as limited land space and vulnerability to tropical storms. In addition, there is an urgent need to reduce electricity prices, which are currently around USD 0.25 per kWh on average, more than double the average price in the United States. In some Caribbean countries, the prices can go up to over USD 0.40 per kWh.

As these countries rely heavily on fossil fuels, with more than 90% of their electricity supply coming from this source, the consequent high and fluctuating costs affect competitiveness, and productivity and perpetuate poverty. OTEC can help the Caribbean overcome its energy challenges, harnessing the power of the ocean, the islands’ main natural resource, to deliver clean and reliable power while reducing diesel costs by up to 50%.

About Global OTEC

Global OTEC is a UK-based company set up to accelerate the commercialization of a floating OTEC technology to develop zero-carbon, baseload, clean energy sources that achieve maximum impact in empowering SIDS, Least Developing Countries (LDCs) and Coastal Nations with energy security whilst helping the Earth reduce greenhouse gas emissions and eventually eliminate total dependence on fossil fuel.

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The Turks and Caicos Islands attends Green Overseas Climate Change Resilience Community Regional Workshop on Coastal Hazards

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Participants and GO Green Coordinators (Hôtel de la Collectivité, Gustavia, Saint Barthélemy)

PRESS RELEASE

FROM THE DEPARTMENT OF

DISASTER MANAGEMENT AND EMERGENCIES

 

Providenciales, Turks and Caicos Islands – Wednesday, 18 June 2025: The Turks and Caicos Islands participated in The Green Overseas (GO) Climate Change Resilience Community workshop, which was delivered in both English and French, was held from 19th – 23rd May 2025 in St Barthélemy and Sint Maarten/Saint Martin.  This 5-day workshop brought together Environmental and Disaster Management Professionals from 15 Countries and Territories for Regional Collaboration on Climate Resilience and Risk Management Strategies.

As Climate Change accelerates and coastal threats intensify, Regional Experts are strategising to protect fragile ecosystems and communities.  This workshop featured presentations, discussions, and field visits aimed at strengthening local and regional capacity to better respond to climate-related coastal challenges.

Representing the Turks and Caicos Islands (TCI) were Mr. Angelo Duncan, Hazard Mitigation and GIS Manager from the Department of Disaster Management and Emergencies (DDME), and Ms. Britney Simmons, Land Use Planner from The Planning Department.  Both representatives contributed to discussions on national adaptation strategies and shared insights from TCI.

A highlight of the discussions was the use of Geographic Information Systems (GIS) in monitoring coral health, shoreline erosion, and habitat loss. By harnessing GIS technology, experts can make data-driven decisions to prioritise conservation efforts and enhance resilience-building strategies.

“At this workshop, it became evident that other Overseas Territories face unique, yet similarly pressing, environmental challenges,” said Angelo Duncan, Hazard Mitigation and GIS Manager. “The exchange of knowledge and strategic approaches among territories has strengthened our collective commitment to protecting and raising awareness for these vital environments. By continuing to share innovations and best practices, we move closer to a more resilient and sustainable future for all of our islands.”

Participants also visited key coastal sites in St. Martin and Saint Barthélemy, observing firsthand nature-based mitigation techniques and community-driven resilience efforts, that showcased innovative solutions that can be adapted in the Turks and Caicos Islands.

The event significantly expanded the GO Climate Change Resilience network, promoting ongoing collaboration across the region.

Countries and Territories in Attendance:
Turks and Caicos Islands, Anguilla, Bermuda, Curaçao, St. Martin, Falkland Islands, New Caledonia, French Polynesia, St. Pierre, British Virgin Islands, Bonaire, Tahiti, Tristan da Cunha, Aruba, and Saba.

 

PHOTO CAPTIONS:

1st insert: Angelo Duncan (Center), Britney Simmons (Right) at Sint Maarten National Flag Pole overlooking the city.

2nd insert: Britney Simmons Hazard Mitigation Planning Simulation

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Bahamas News

Scotiabank Bahamas Hosts Exclusive Mortgage Seminar & Cocktail Event, Honours Top Referral Partners  

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Nassau, Bahamas – Scotiabank Bahamas recently brought together a distinguished network of real estate professionals, attorneys and industry partners for an exclusive Mortgage Seminar & Cocktail Event designed to share insights, deepen collaboration and celebrate the achievements of top performers in the Bank’s Mortgage Referral Programme.

The Mortgage event featured expert-led discussions that explored key elements of the homeownership journey, including Scotiabank’s industry-leading mortgage offerings, innovative financing solutions, and its commitment to service excellence. Note worthy were the contributions real estate professionals, attorneys and industry partners make to the bank’s referral program.

The program has not only helped thousands realize their homeownership goals, with up to 95% financing available, but has also proven to be a valuable tool for industry partners to earn. Some realtors and brokers have referred up to $50 million in mortgage loans through the program, a testament to its success and the strong relationships the Bank maintains with its professional network.

During the evening, awards were presented to top-performing agents and brokers who consistently referred clients to Scotiabank and demonstrated unwavering support of the Bank’s mission to deliver quality financial solutions.

“We are proud to recognize and celebrate the professionals who play such a vital role in helping people achieve the dream of homeownership,” said Na-amah Barker, Director of Retail Banking and Small Business, Scotiabank Bahamas. “Their trust in Scotiabank, paired with their commitment to their clients, is what makes our Mortgage Referral Programme so impactful.”

Scotiabank continues to be the preferred bank for mortgages in The Bahamas, thanks to its competitive rates, flexible financing options, and a deeply knowledgeable team of mortgage specialists who provide personalized guidance every step of the way. Working in tandem with a trusted community of real estate agents, brokers, and legal advisors, the Bank ensures that clients experience a smooth and informed mortgage journey from pre-approval to closing.

“Our network of referral partners is more than just a channel, it’s a community,” added Barker. “By working together, we’re creating a stronger, more supportive real estate ecosystem that’s centered on helping Bahamians build generational wealth through property ownership.”

Monica Knowles, Broker at Realty One Group Bahamas, praised the initiative and emphasized its significance for the wider market. Scotiabank continues to be the institution of choice for funding when acquiring a home.

Scotiabank Bahamas Hosts Exclusive Mortgage Seminar

Scotiabank extended its heartfelt appreciation to all who attended the seminar, shared insights and contributed to a memorable evening of collaboration and connection. The Bank remains committed to supporting its partners and clients alike, as it continues to lead in the mortgage space with integrity, innovation and impact.

Captioned Photos

Header: Demetri Mackey – Scotiabank Carmichael Rd branch manager & Jarissa Russell, Scotiabank East st & Soldier rd branch manager and guest presenter Wence Martin Attorney were panelist at the evening’s event.

1st insert: ERA Dupuch Real Estate team were happy to be in attendance a the Scotibank Mortgage Seminar.

2nd insert: James Galantis – agent at The Agency Bahamas Real Estate in conversation with industry colleague.

3rd insert: Lindsey Cancino – Bahamas Reality awarded Top Referral Partner with Na-amah Barker – Director of Retail Banking and Small Businesses

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