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TCI: “Endangered Species” must be protected as Islander Commission rebooted with Amendments to the law

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#TurksandCaicos, June 14, 2021 – He called for the protection of the most precious and endangered species in the TCI; that species to the Hon Shaun Malcolm is none other than the Turks and Caicos Islander; when he made his contribution on the Islander Commission which was debated in the House of Assembly Tuesday. 

“Mr. Speaker, perhaps the delay in processing those applications could be the divine intervention,; it could be  the opportunity to ensure that we the people of this country having experienced and continue to experience the financial hardships in this wealthy country, that we have reached that level of maturity when we can review the actions of others and assess whether they are to our benefit or otherwise.”

The Islander Commission has the power to grant Turks and Caicos Islands Citizenship to qualified applicants.  Malcolm said it is his hope that “those who have been entrusted with this awesome responsibility will use the power of discernment, the love of country and the legacy for future generations of Turks and Caicos Islanders to guide and direct them.”

Malcolm, in his presentation informed there are 180 applications waiting to be processed, stretching back to 2016 hence one of the key reasons for the amendments which were made to the law on Tuesday.  It allows the backlog to be reviewed and cleared and it allows the newly established commission to take their time, be thorough in order to soberly consider individuals who would be applying to become full citizens of the Turks and Caicos. 

“Maintaining balance is a critical factor to the future of this country. Without it, we run the risk of tripping and obliteration. Mr. Speaker, while the cause of the collapse of the Champlain Towers in Florida has not yet been determined, what is known is that something created an imbalance in the structure and it collapsed. This Mr. Speaker is about protecting us. This Mr. Speaker is about using the legislative wheels to crush the efforts to dilute the only thing we have left, our power and authority in this Honorable House. It is about using the last vestige of authority we have  to stop the exploitation and the conquering of ‘The Last Frontier’,” said Hon Shaun Malcolm, At Large member of parliament.

An emotive issue is the granting of ‘Belonger’ status to foreigners and Malcolm, when he addressed the House reflected on the legacy of this often controversial subject.  He promised that he suffers no phobias but pointed to the potential for an imbalance, which could bring the Turks and Caicos down. 

“We have witnessed the exponential growth of this country, in terms of our population and our economy. We have through various studies found out who the real beneficiaries are of this country’s wealth. No doubt Mr. Speaker, this is perhaps the influencer for this Government’s pledge to move our people from poverty to prosperity. 

 Mr. Speaker, we battle what some see as inevitable. While I have no illusion about the importance of people to the economic survival of this country, I have a deep regard for the preservation of the last vestige of our heritage and our survival as indigenous Turks and Caicos Islanders. Let me hasten to add Mr. Speaker, before my words are misconstrued. I have no PHOBIA…Xeno, homo, or otherwise.

Mr. Speaker we are an endangered species and you know what happens when this occurs. It creates imbalance.”

In early June, Governor Nigel Dakin advised of the composition of the Islander Commission; the chair of the body jointly selected by the two political party leaders.  Benson Harvey got the nod and other members of the Committee are the Oswald Skippings, Derevaux Malcolm, Herbert Been and Carl Simmons. The Attorney General is an ex-officio member.  

Health

29 Million Strong, the World Salutes Nurses as International Nurses Day is Observed

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On Tuesday May 12, the world pauses to honor one of humanity’s most trusted, exhausted, resilient and indispensable professions — nursing.

International Nurses Day is observed annually on the birthday of Florence Nightingale, widely regarded as the founder of modern nursing, and comes at a time when global healthcare systems continue to rely heavily on nurses carrying extraordinary emotional, physical and professional burdens.

According to the World Health Organization, there are an estimated 29 million nurses worldwide, making nursing the largest professional group within the global healthcare workforce. Yet despite their numbers, many countries continue to face severe nursing shortages, burnout crises and migration challenges as healthcare demands rise faster than staffing levels.

Still, nurses remain the heartbeat of healthcare.

They are present at life’s first breath and often its final moments. They work through hurricanes, pandemics, emergencies and violence. They calm fear, interpret pain, comfort families and frequently become the bridge between doctors, patients and hope itself.

In small island nations like those across the Caribbean, nurses often carry even greater responsibility — serving communities where resources may be stretched, specialists limited and healthcare systems under constant pressure.

This year’s observance again shines a spotlight not only on the compassion nurses bring to their profession, but also on the growing global call for better pay, safer working environments, improved mental health support and stronger investment in healthcare staffing.

For many people, the most memorable face in healthcare is not always the surgeon or specialist — it is the nurse who stayed a little longer, explained a little more gently or cared a little more deeply during a difficult moment.

Tomorrow’s observance is therefore more than ceremonial.

It is a reminder that behind every functioning hospital, clinic, emergency room, health center, operating theatre and recovery ward stands a nurse — often overworked, sometimes underappreciated, but consistently essential.

To nurses across The Bahamas, Turks and Caicos, the Caribbean and the wider world: thank you for showing up, even on the hardest days.

Developed by Deandrea Hamilton • with ChatGPT (AI) • edited by Magnetic Media.

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Finance

TCI Financial Services Opens Debate on Cryptocurrency Rules 

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Turks and Caicos, May 12, 2026 – A new era of digital finance regulation could be on the horizon for the Turks and Caicos Islands, as the Financial Services Commission moves to establish a legal framework for virtual assets and cryptocurrency-related businesses.

The TCI Financial Services Commission on Friday launched a public consultation on its proposed Virtual Assets Business Bill, 2026, legislation designed to regulate virtual asset service providers, stablecoin issuers and other digital asset activities operating in or from the territory.

Globally, governments and regulators have been racing to catch up with the rapid growth of digital currencies, blockchain technology and online financial platforms. Concerns over money laundering, cybercrime, fraud and the collapse of poorly regulated crypto exchanges have pushed jurisdictions to tighten oversight while still trying to attract financial innovation and investment.

The proposed TCI bill appears aimed at positioning the territory within that evolving international framework.

According to the FSC, the legislation is aligned with international standards and guidance from bodies including the Financial Action Task Force, International Organization of Securities Commissions and the Financial Stability Board.

The Commission said the bill would introduce a “comprehensive licensing, supervisory, prudential and enforcement framework” for the sector. The proposed law includes anti-money laundering and counter-terrorism financing obligations, cyber resilience requirements, enforcement measures and even a regulatory sandbox intended to support innovation.

Among the notable features are proposed reserve and governance rules for stablecoins, which are digital currencies typically tied to traditional assets like the US dollar. The draft legislation also outlines exemptions for certain technology providers and closed-loop token systems.

The FSC said the consultation period is intended to gather public and industry feedback before the bill is submitted to Cabinet next month. Written submissions must be received by June 8, 2026.

The consultation paper and draft bill have been published on the FSC website for public review.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Conch Farm Site to become New Home for Watersports Operators

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$12 million acquisition signals marina plan, not return of commercial conch farming

 

Turks and Caicos, May 12, 2026 – The Turks and Caicos Islands Government’s acquisition of the former Conch Farm property is not shaping up as a revival of the once world-famous aquaculture operation in Long Bay.

Instead, the $12 million purchase appears headed in a very different direction — transforming the sprawling waterfront site into what could become the new operational home for scores of marine and watersports operators who have long struggled for space along the eastern shores of Providenciales.

And for many observers familiar with the growing tensions in those areas, the move may actually make more sense than first believed.

Over the years, the rapid expansion of jet ski operators, charter boats, parasailing businesses and excursion companies along eastern beach and marina areas has increasingly created disputes over access, launching rights, docking space and territorial use of waterfront locations.

At times, those disagreements have reportedly escalated into confrontations serious enough to require police intervention.

Now, according to comments delivered by Premier and Finance Minister Charles Washington Misick during debate on the 2026/27 Budget, government intends to use the former Conch Farm property to bring greater order and infrastructure to the rapidly expanding marine sector.

“The acquisition and redevelopment of the Conch Farm property at Long Bay, Providenciales, is a strategic Government investment to strengthen the rapidly growing marine and water sports sector,” the Premier said.

He explained that the project is envisioned as:

“a safe, clean, and well-managed public marina dedicated to local operators.”

The Premier also pointed directly to the growing number of young Turks and Caicos Islanders entering the marine tourism industry since the COVID-19 pandemic.

“So many of these operators are young Turks and Caicos Islanders who have turned to self-employment since COVID-19,” he stated during the Budget presentation.

Government says the marina would provide affordable and regulated launching facilities while creating space for docking, boat services, small vendors, maintenance operations and other marine-related businesses.

The proposal also aims to formalize portions of an industry which has expanded rapidly alongside the country’s booming tourism economy.

“Best of all it ensures that the benefits of our booming tourism industry are retained right here in Turks and Caicos communities,” the Premier added.

The clarification significantly changes early public assumptions that government was preparing to revive the commercial conch farming operation once associated with the property.

The original Caicos Conch Farm was widely regarded as the world’s first and only commercial conch farm before hurricane damage, operational struggles, policy disputes and legal battles eventually led to its closure.

Now, while the historic name and marine legacy remain attached to the site, the government’s immediate vision appears centered far more on marine infrastructure and economic activity than on aquaculture.

And in a tourism economy increasingly dependent on marine excursions and water-based experiences, the move could ultimately reshape one of the most contentious and overcrowded corners of Providenciales’ tourism landscape.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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