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Special Distribution of Inflation Stimulus to Deferred Applicants says Minister

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Dana Malcolm

Staff Writer

 

#TurksandCaicos, March 31, 2022 – Deferred Applicants should not despair over the free cash Government has agreed to distribute in its Inflation Stimulus Package.  A special process is devised, said the Minister of Finance, to ensure younger applicants who were unable to provide requisite documents, like utility bills, will still be able to qualify.

“I would like to point out that deferred is not the same as declined.” He continued, “You will have a process that we will use in order to help many of those applicants to receive a similar stimulus so I want those persons to know we have not forgotten them.”

Of the 13,094 applicants, 88 per cent or 11,481 were approved; 222 or 2 per cent were duplicate applications and 67 per cent were declined.

The remaining 1,324 or 10 per cent were applicants deferred.

Speaking directly to Magnetic Media, Deputy Premier Saunders said the stimulus would not be extended but the process to deal with the deferred applicants included the students who did not have the required documentation and would commence after the last cheques had been issued.

Saunders denied that the government had not properly thought out the process indicating many applicants were not in possession of important government identifications.

“I want to encourage them to rethink their position as persons having the right documentation (which) makes it easier for the government to identify and verify them and most importantly provide support for them in time of need,” said the minister.

In addition to Deferred Applicants, E. Jay Saunders expressed optimism about the lines at the Public Treasury diminishing significantly as we exit the month of March.  Unfortunately several residents reached out to Magnetic Media to report that after waiting hours in line they were rebuffed by Treasury staff who told to come back another day despite having been in the line long prior to closing time.

Despite the unresolved complaints Saunders promised that the government would not give out a mass payment this way again, saying that he was already addressing the issue as a priority and the long lines at the Treasury would not be seen for much longer.

March is one of the busiest months for the Public Treasury; as it is the TCI Government’s transition period and deadline for many payments.  The TCIGs new fiscal year begins April 1.

Caribbean News

Vessels sink with 900 barrels of fuel in Trinidad

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By Shanieka Smith

Staff Writer

 

#Trinidad, December 2, 2022 – The Ministry of Energy and Energy Resources in Trinidad reported on Wednesday that a ship carrying 900 barrels of diesel fuel had sunk in the Gulf of Paria. The six crew members on board were rescued and received medical assessment.

The statement revealed that the barge owned by Trinity Liftboat Services Limited was trying to demobilise Trinity Heritage Petroleum Company’s North Field when it capsized.

After receiving an SOS from a vessel in their North Field, Heritage sent out a response team. An investigation into the incident has started, however, the main focus is to redeem the barge without making any oil spills.

The owners of the sunken vessel said “there are no injuries recorded. (The vessel) now sits on the seafloor no longer posing a risk to any of Heritage Petroleum’s platforms or installations.” They said the captain made a good decision to abandon the ship so that the crew members could be rescued and transported back to base.

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Bahamas News

Digital coin created for Caribbean’s Dominica as island partners with Huobi

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By Shanieka Smith

Staff Writer

 

December 2, 2022 – The Commonwealth of Dominica has partnered with cryptocurrency exchange Huobi, to issue its own national cryptocurrencies, Dominica Coin (DMC), and Digital Identity Documents (DID), already reports indicate a surge for the Huobi token.

This new collaboration with Dominica will bring the Caribbean one step closer to being a global cryptocurrency exchange centre.  Huobi also announced its intention to move headquarters from Seychelles to the Caribbean.

It was explained, “The deal is noteworthy partly because of its connections to crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island’s new token will initially reside.”

Dominica Coin (DMC) and digital identity documents (DID) will be issued by Huobi Prime via the TRON network (a project dedicated to building the infrastructure for a truly decentralized Internet); both will serve as credentials for the future metaverse platform based in Dominica. DIDs can be used for cryptocurrency Know Your Customer verification, applying for loans, and opening bank accounts on the island.

The DMC is not yet ready for launch, but The HT token is up 15% over the last 24 hours to $7.12. It’s up 40% over the past seven days.

As one of the first Caribbean islands to adopt the citizenship-by-investment policy, the Dominican government is seeking to delve into the metaverse and Web3 technology as a means to boost the country’s development.

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Bahamas News

Imminent Worldwide Measles Threat; 25 Million CHILDREN miss First Dose

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By Dana Malcolm

Staff Writer

 

December 2, 2022 – Forty million children are at risk of Measles as what the World Health Organization is describing as an “imminent threat” takes shape. A joint report between the WHO and the U.S. Centres for Disease Control revealed that a record number of children missed their measles dose with 25 million children missing their first dose and 14.7 million children missing their second dose in 2021 alone.

Nine million cases of measles were recorded last year, twenty-two countries experienced large and disruptive outbreaks and 128,000 deaths occurred, the report says.

“The paradox of the pandemic is that while vaccines against COVID-19 were developed in record time and deployed in the largest vaccination campaign in history, routine immunization programmes were badly disrupted, and millions of kids missed out on life-saving vaccinations against deadly diseases like measles,” said Dr. Tedros Ghebreyesus, WHO Director-General.

Measles is easily one of the most contagious viruses in the world and while many people think itchy spots when they think of the disease it can cause pneumonia, seizures and brain damage in about 30 percent of infected individuals.

Herd immunity will not work with this disease, say experts, unless 95 per cent of people or more are vaccinated; only 71 per cent of children in 2022 are fully vaccinated.

“Measles anywhere is a threat everywhere” the report said, emphasizing that no WHO region has achieved and sustained measles elimination.

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