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Turks and Caicos Boom losing bounce to COVID Restrictions

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#TurksandCaicos, June 16, 2021 – The good news is that most resorts are running at high capacity and in the past week about 8,153 guests have left the country, according to the antigen test figures provided on the Ministry of Health dashboard.

The bad news, is businesses that could flourish with even bigger earnings as late night spots for guests to dine, drink, hang out or dance are missing out on that prosperity. This also applies to limits on capacity which impacts marine pleasure craft.

While the US Centers for Disease Control has rated TCI at Level 1 for low risk to Covid-19 infection thanks to a firm request by the Government for the agency to see the destination as safe due to strides in beating down Covid-19 numbers; the same government still has businesses caged, capped and cut off with no change in the local public health policies.

Most public health restrictions expire on June 30, but will likely be renewed if TCI is not with 70 per cent of adults fully vaccinated for the Coronavirus.

Licensees of Turks and Caicos are paying full prices for business licenses but have been operating in and out of restrictions since March 2020.

Meanwhile, law enforcers empowered by the current public health restrictions are making arrests, as they should. But are the capacity rules a disservice to visitors and the current boom in travellers has placed higher demands on every service, venue and activity.

Over the Queen’s Birthday Holiday weekend in Turks and Caicos, it is reported that some boat tour operators were booked for over capacity. These licensees could be facing fines up to $5,000 for breach of the public health regulations; those on board the party boats could also be ticketed for $250 for breach. There has been no official report from the Police.

Turks and Caicos is currently with nine active cases of Covid 19, one person in hospital due to the virus and 55 per cent of the population (according to the Department of Statistics) is vaccinated for COVID.

Photo: Sapodilla Bay, file photo

Caribbean News

Deputy Premier Spot on, TCI TODAY Removed from EU Blacklist

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Deandrea Hamilton

Editor

#TurksandCaicosIslands – February 20, 2024Sixteen months after being added to the European Union’s Black List for non-cooperative tax jurisdictions, the Turks and Caicos Islands is now off that list.

“Today,the Council removed The Bahamas, Belize, Seychelles and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes.”

The release explicitly states that in the case of the Turks and Caicos and The Bahamas, “ever since October 2022, deficiencies in the enforcement of economic substance requirements had been identified in both of these jurisdictions by the OECD Forum of Harmful Tax Practices (FHTP).”

It was recommended for remedy to the deficiencies has now been “converted from hard to soft recommendations,” said the statement.

That pivot was fundamental in the de-listing of the two countries said the information from the Council.

“…which allowed the Code of Conduct Group to consider these jurisdictions with no or only a nominal corporate income tax.”

When Magnetic Media spoke to E. Jay Saunders, Turks and Caicos Deputy Premier and Finance Minister in March 2023 he had full confidence that it was only a matter of time before the TCI was given a more favourable position with the EU. 

“There is no question about it. I’m confident that by February 2024, we will be off the list– I’m completely confident and there are no lasting repercussions.”   

 It had been sub-par computer systems that landed the TCI on the list.  The Deputy Premier, at the time offered that the EU was being too dramatic and its language, disproportionate surrounding the issue. 

That black listing and gray listing is often viewed as a black eye in the financial services sector, therefore this announcement today is vindication for the TCI and a huge plus for the Fintech ambitions of the Misick-led government.

 Twelve others remain with the unsavory categorization including Caribbean neighbours: Trinidad and Tobago; US Virgin Islands; Anguilla and Antigua and Barbuda.

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Caribbean News

Jamaica hosts 2nd Global Tourism Resilience Conference

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Rashaed Esson

Staff Writer

 

#GlobalTourism#Jamaica, February 19th, 2024 – Strengthening the future of global tourism against growing climate challenges, Jamaica hosted the 2nd Global Tourism Resilience Conference in Montego Bay from February 17th to the 18th, featuring high level delegates from the around the world, such as the Secretary General of the United Nations World Tourism Organization and spearheaded by its co-founder, Edmund Bartlett, the Minister of Tourism for Jamaica. The conference was under the theme “Navigating the Future of Tourism Resilience,” and addressed the swift need for more innovative strategies to combat the growing challenges that threaten Tourism. Sustainable tourism practices, crisis management, digital transformation, and the importance of promoting global partnerships, were among the topics discussed. 

 

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Caribbean News

Dengue in Peru-Over 12 Thousand Cases

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Rashaed Esson

Staff Writer

 

#Dengue#Peru, February 19th, 2024 – Since the start of the year, there have been more than thirteen thousand cases of dengue in Peru, with over three thousand in the fifth week alone, according to the Peruvian Ministry of Health. The northern region reportedly has the highest number of cases. Revealed in a February 16th report by the United Nations Office for the Coordination of Human Affairs, this represents a 53.4 percent increase in cases compared to 2023. This massive increase is linked to prolonged heat waves caused by the El Nino effect, the ministry reporting over 100 consecutive unusually hot days and more than 200 warm nights. Higher temperatures create favorable conditions for dengue transmission.

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