News
Big Names Join The Junior Achievement TCI Sponsor Roster
#TurksandCaicos, November 5, 2021 – Eight corporate giants have pledged support to this year’s Junior Achievement Turks & Caicos Company Program with more businesses knocking at the organization’s door in support of this life-defining initiative.
Following the official relaunch on September 23rd at Grace Bay Club, students enrolled in the program have been placed in the hands of their capable mentors with the excitement quickly building as teams push to get ahead of their competitors.
The flagship Company Program pairs school groups with local businesses whose team members will guide the Achievers through the process of planning, forming, and operating companies that produce a service or product to present to market. The program empowers high schoolers by providing them the practical skills necessary for managing a business venture.
Director Angela Musgrove shared “The response we have received from the corporate community has been truly overwhelming. After matching our schools with sponsors, we found there were even more companies looking to lend a hand. This speaks volumes to us, and we could not be more thankful to these businesses who are willing to share their personnel and resources and pour into the futures of these Junior Achievers. The students are excited, and so is our Board of Directors.”
Once grouped, the teams are provided with education on entrepreneurship, marketing, and financial literacy in a joint forum led by authorities in those respective industries. The groups then begin the work of building their business plans, forming company charters, and electing officers. The program runs through to February when these fully realized businesses will present final company reports to a panel of esteemed judges.
Meetings are held weekly between the sponsors and their assigned school group, paired as follows:
COMO Parrot Cay – Raymond Gardiner High SchoolIgHig
Building Materials Ltd/Do it Center – Edward Gartland Youth Centre
Beaches Resort Villages & Spa – Louise Garland Thomas High School
Projetech Construction Management – Louise Garland Thomas High School
TCI Financial Services Commission – Clement Howell High School
Grace Bay Car Rentals – Maranatha Academy Hight School
The Strand – Wesley Methodist High School
FLOW TCI – Marjorie Basden High School
The students participating in the JA Company Program will surely be set up for success in their future ‘real-world’ business endeavors as exercises in report preparation, public speaking, and salesmanship will help to build their business acuity.
An exciting trade show is scheduled for December 4th, 2021, when the Achievers will display and sell their wares to the public. The Turks & Caicos community is encouraged to make plans to attend, and to support the students along the way by following their progress on the Junior Achievement TCI social media platforms.
Dana Malcolm
Staff Writer
#TurksandCaicos, March 17, 2023 – Revenue from the Turks and Caicos’ Financial Services Sector will more than double in the next few years, if E Jay Saunders, Deputy Premier and Finance Minister gets his way. It ‘s one of the reasons the country is investing so much capital into getting off of the EU blacklist and becoming a secure trustworthy financial destination.
“The FSC’s revenues for 2020/21 was $10.5M— the figures for 2021/22, would be about similar,” he said. He further explained that $10.5 million from the FSC represented about 2.6 percent of the country’s 408.5-million-dollar
revenue. Though it increased to $14 million in the 2021/22 financial year, finance is still a small fry compared to tourism or even stamp duties but that will change, says Saunders.
“My revenue goal for the Government by the year 2029 [or] the election after the next election – is $500M. By that time, I want the financial sector (FSC) revenues to represent at least 5% ($25M). So that’s my goal for the financial sector by 2029.”
This goal, should it be met, would increase the Government’s revenue by 100 million dollars, a significant increase in spending power for local upgrades and improvements for Turks and Caicos residents and visitors.
Saunders says it’s time for the TCI to diversify its sources of revenue to make sure that what happened in the COVID-19 pandemic, which saw residents out of a job for months, will not happen again. Tourism now makes up around 80 percent of the country’s GDP. The Minister of Finance wants to push that down to 60 or even 50 percent.
Dana Malcolm
Staff Writer
#Haiti, March 17, 2023 – When a CARICOM delegation visited Haiti earlier this month, conspicuously absent was the Turks and Caicos Islands despite being one of the nations most directly affected by the multi-dimensional crisis there. There is no comment, as yet from the Premier, to say why this was the case.
Still, from the expedition, CARICOM heads of Government have informed that there will be lobbying in Africa for assistance in Haiti. They say they have decided that the best course of action for the Caribbean country is to bolster the Haitian National Police and act as intermediaries with Africa and the world. The decision follows a one day visit on February 27th, and a March 5th meeting chaired by the Bahamas.
CARICOM says during the trip delegates ‘met with a broad range of Haitian stakeholders to hear their views on the
way forward to a Haitian-led solution’. With that in mind it has made a decision on how to proceed.
“The Heads of Government agreed to support the Haitian National Police in their efforts to address the security situation. The focus of the Community will be the provision of training for the HNP and the provision of humanitarian assistance to HNP and the wider Haitian society, taking into account the challenging humanitarian and security situation”
It’s not clear yet where and how this training will take place. Also distinctly absent from the report, no more mention of boots on the ground from other countries despite CARICOM Member States indicating they were ready and willing should it come to that.
In addition, recognizing ‘the common historical experiences and the strong African-Caribbean relationship’ CARICOM says,
“Heads of Government also agreed to seek support from African countries for Haiti. They also agreed to work with the Governments of Canada and the United States as well as the UNDP”
Magnetic Media has reached out to the Premier’s Office to get a full debrief of the February 27th visit (led by Jamaica; including The Bahamas and Trinidad and Tobago) to learn of Turks and Caicos’ posture following the critical sessions.
Dana Malcolm
Staff Writer
#TurksandCaicos, March 17, 2023 – Musicians from the New World Symphony will be in the Turks and Caicos in concert next month and residents are invited to attend in support of the future of Ashley’s Learning Center. 
A fairly young orchestral academy based in Miami, the New World Symphony was launched in the 1980s by 1987, Michael Tilson Thomas and Ted Arison,Carnival Cruises founder. From the 1500 applicants who vie for a spot each year, the symphony accepts around 35 music graduates annually for training fellowships.
A select few of those graduates will be in country on April 8th headlining at the Ashley’s Learning Center concert ‘We’re all in this together’. The concert which also feature local artistes will be held at Brayton Hall on Venetian Road from 6 pm to 8:30 pm
Tickets are available ON ISLEHELP $75 PER GENERAL SEAT $125 PER PREMIUM SEAT $195 PER GALLERY SEAT – with /FREFRESHMENTS.
For TICKET RESERVATIONs you can call: 649-341-2304 or email EVENTS@ASHLEYSLEARNINGCENTER.ORG
-
Caribbean News1 week agoJAMAICA: 1.3 Million Covid-19 Vaccine Doses Administered in Region
-
Bahamas News1 week agoMinister Glover-Rolle Delivers CARICOM Statement at UN’s Commission on the Status of Women
-
Caribbean News1 week agoTurks & Caicos inspires and debuts Drake Fashion Line, NOCTA
-
Government1 week agoRight on Cue, Provo Dump burning again as CDB Consultants prepare for Community Meeting
-
Caribbean News5 days agoDebrief on Haiti Caribbean heads visit
-
Caribbean News1 week agoJAMAICA: Persons Encouraged to Purchase Coffee Festival Tickets Early
-
Caribbean News1 week agoUK Imposed Procurement Process Slowed TCI getting off EU Blacklist
-
Caribbean News6 days agoTCI native Phildreka Mayham promoted to Learning and Development Manager at BTC