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Pennies in Savings; Food, Fuel & Import Prices set to Soar

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By Deandrea Hamilton

Editor

 

#TurksandCaicos, April 15, 2022 – TCI Government will have to accelerate its reassessment plans when it comes to the $15 million Food and Fuel Tax Break because currently the drop in Customs Processing Fee (CPF) is only giving consumers pennies, if anything, in savings on grocery items. The reason, a rocketing inflation rate.

Prices on goods around the world are escalating rapidly and making matters worse, shipping costs are also marked up; not good for the Turks and Caicos which is heavily dependent upon imports.

GROCERIES 

Since the start of April, shippers have been passing along the higher costs of doing business.  Staple food items are more expensive and scarce.  Magnetic Media observed empty shelves in several popular grocery stores in the Turks and Caicos; it was extremely concerning.

“It is still very difficult getting products in; we are trying,” explained a produce manager.

The current 2.5 per cent break on the CPF, is working but only to soften the blow on constantly rising levels of inflation; it means the government will have to go back to the drawing board.

Covid-19, shipping delays, lockdowns, quarantine orders, anti-vaccine protests, even the US stimulus to citizens which is financing extreme shopping are all blamed for the inflation; a perfect storm of events which has brought this pressure upon households now having to take on unbearable financial burdens and the Turks and Caicos is no exception.

The Russian-led war on the Ukraine has exacerbated the predicament.

We visited Sunny Foods store, with four grocery outlets in Provo and Grand Turk, where the decision has been to put the regular price and the reduced price on the same sticker.  With the CPF applied, shoppers are saving only between one and four cents on popular grocery items.

Graceway Supermarkets decided to apply the CPF tax break on everything at the start of April; the company which owns three grocery stores in Providenciales and one food store in Grand Turk, informed that changes on price tags will come later, the savings will reflect at the cash register for now.

Sam’s Club in Providenciales is dropping prices by three per cent across the board at the register.  Gus, the owner, is prepared to take a loss in order to simplify the process and attract shoppers.

P&K Spendless Supermarkets said their new stock will reflect the CPF discount, but no new stock is in store as yet.

Our news organization has been informed there has been no engagement by the Government with most of these food stores.

We are also told that every day, notices are coming from suppliers about increases in costs on the popular goods.  Meanwhile, the rising cost of living signals that it is time for workers to get a raise.

Government has been able to tap into the public purse to augment salaries and other public service payouts by $30 million this fiscal year.  The private sector has no such luxury.

National Insurance Board payments have increased since the start of April; another cost factor which is neutralizing the impact of the Government’s $500 Inflation Stimulus and the Food & Fuel Tax Break.

The recommendation from the grocers, when Magnetic Media quizzed them about a possible solution: ‘for a few months, as was done during the height of the Coronavirus Pandemic, drop the duty completely on bread basket items.

ELECTRICITY 

There will be no reprieve in electricity bills either; FortisTCI has delivered a three pronged message namely: the company’s efforts to become less fuel dependent; consumer advice encouraging energy conservation and the inescapable reality of surging oil prices which have now topped $100 per barrel.

The TCI’s electricity provider explained despite negotiations for better fuel rates, its supplier, Sun Oil has communicated that the Ukraine crisis will continue to drive up, oil prices.

“We have certainly been in discussions with our supplier and they do have inventory that is currently on hand, that does have the full Customs Processing Fee, CPF included already that has to be exhausted before that reduced Customs Processing Fee is then passed on to FortisTCI, which will flow through the customer bills,” said Aisha Laporte, VP of Finance at FortisTCI during an April 8 episode of Expressions radio show which is hosted by Robert Hall.  “…but from the projections that we have we are expected to the see the reduction in the customs processing fee by May.

But I also want to say Mr. Hall, while that 2.5 per cent customs processing fee will be reflected, we’re also seeing an even larger marginal increase on just the cost of fuel. So that will outweigh the reduction from the savings on the Customs Processing Fee.”

FUEL 

The report is equally as grim from TCI fuel suppliers.

McAllister Hanchell is Managing Director at Caicos Oil and he communicated early on, that fuel prices are fluctuating so rapidly, it was likely any small reduction would impact prices at the gas pumps.

Hanchell said oil prices are fluctuating, two to three per day in some cases.

This means though the government has come up with a tax break on the customs processing fee and the government’s fuel tax on gas sold at the pumps, it will have no bearing on the cost of the commodity on the open market, or the shipping fees which are also impacted by the pandemic and the conflict in the Ukraine.

Hanchell believes the 85 cents per gallon TCI Government collects on fuel, should be temporarily suspended.

SHIPPING 

SEACOR has conveyed three significant rate increases since the start of April.  On April 4th the shipping charges were raised due the surge in oil costs per barrel from around $80 to now over $100.  Last week, an inland surcharge was passed onto the company; a new fee for shippers out of South Florida related to ground handling and that has resulted in higher charges on imports.

South Florida will apply a 20 per cent inland surcharge for all north and southbound shipments from Miami Dade County, Broward County and Ft Lauderdale.

On April 10, this notice came to SeaCor’s local link, AlServices Ltd:  “Please note, effective Sunday, May 1, 2022, the below General Rate Increase (GRI) on the Ocean Freight charge will be applicable on all shipments to/from the United States and Turks & Caicos…”

The month of May is also when Cargo Express and Tropical Shipping will begin to charge more for its transport services.  From Carl Simmons, Director there was this response to our queries on the kind of cost adjustments were pending:

“Tropical Shipping/Cargo Express Services can confirm that since the war began in Ukraine there has been an increase in Fuel costs that has impacted the costs of Shipping and Trucking to the Turks and Caicos Islands and other parts of the Caribbean. These increases would obviously be passed onto the customers and will ultimately impact consumers.

As of May 1st, 2022, Cargo Express Services will increase Trucking for Containerized cargo by $50.00 to all its Turks and Caicos customers; mainly due to the rise in fuel costs and replacement parts.”

Government’s around the world are powerless to control the cost of goods, supply chain issues, and despite harsh sanctions Russia continues its deadly, militant incursion of the Ukraine – the only solution is a reduction in government imposed taxes, which Consumers say are happening far too slow and offering cuts which are way too meager.

Meanwhile, since their March 15 national press conference, the TCI Government has issued no statement on the rolling issue.

News

Premier Delivers Four Key Messages  

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Housing. Healthcare. Accountability. Investment.

 

By Deandrea Hamilton

PROVIDENCIALES, Turks and Caicos Islands — In four major appearances over the past week, Premier Charles Washington Misick delivered what may amount to the clearest outline yet of his government’s vision for the future of the Turks and Caicos Islands.

Whether speaking about housing, healthcare, public sector leadership or the broader economy, a consistent theme emerged: the country must move beyond simply recording economic growth and begin building the foundations of a stronger nation.

The Premier’s message was unmistakable.

“The story of the Turks and Caicos Islands over the last decade has largely been a story of growth,” Misick said during his Business Outlook 2026 address. “The story of the next decade must be a story of nation-building.”

That nation-building agenda rests on four major pillars: expanding home ownership, strengthening public institutions, improving quality of life through healthcare, and investing aggressively in infrastructure and development.

Housing as a Pathway to Prosperity

Speaking following Parliament’s passage of the Mortgage Corporation Bill on June 3, the Premier described home ownership as a cornerstone of economic inclusion and wealth creation.

The passage of the Mortgage Corporation Bill 2026 represented one of the most significant legislative achievements highlighted by the Premier.

The new law establishes the Turks and Caicos Islands Mortgage Corporation, a statutory body designed to increase access to mortgage financing, support affordable housing development and expand opportunities for Turks and Caicos Islanders to own homes.

Misick framed the initiative as more than a housing programme.

“The Mortgage Corporation Bill 2026 is a step forward, an important step, but it is part of a larger journey,” he said. “A larger journey towards a more inclusive housing system, a stronger middle class and a more equitable economy.”

He argued that economic growth must create opportunities for Islanders to build wealth and establish roots in their own country.

“We are building an economy that works not just for some but for all,” the Premier stated. “An economy in which every Turks and Caicos Islander has a fair chance to own, to build and to belong.”

The government expects the Corporation to support first-time homebuyers, families building on inherited land and broader affordable housing initiatives throughout the islands.

A Healthcare Milestone with Regional Significance

At the national certification ceremony recognizing the elimination of mother-to-child transmission of HIV and Hepatitis B, Misick celebrated what he called a defining moment for the country.

The Premier also used a national ceremony recognizing the elimination of mother-to-child transmission of HIV and Hepatitis B to reinforce his vision of stronger institutions and better outcomes for citizens.

The Turks and Caicos Islands has achieved validation for the elimination of mother-to-child transmission of HIV and became the first country in the region to achieve the same distinction for Hepatitis B.

Misick described the accomplishment as evidence that the country can lead on issues of national importance despite its size.

“Today is a proud and defining moment for the Turks and Caicos Islands,” he said.

“This is not simply a health sector success. It is a national accomplishment. It speaks to strong governance, effective partnerships, and a shared belief that every person matters.”

The Premier said the achievement demonstrated the importance of public confidence in institutions and pledged continued investment in healthcare services.

“As a Government, we remain committed to investing in health, strengthening our systems, and ensuring that quality care is accessible to all who call these islands home.”

A Direct Challenge to the Public Service

Addressing government leaders at the Public Service Leadership Forum 2026, the Premier on June 4 delivered one of his strongest critiques yet of bureaucracy, absenteeism and delayed decision-making.

Perhaps the most candid of the four speeches came during the Public Service Leadership Forum, where Misick challenged senior government officials to embrace accountability and reject complacency.

The Premier argued that many of the obstacles facing government performance stem not from a lack of money or legislation, but from leadership failures.

“There are times when decisions that should take days take weeks,” he said.

“There are times when issues that require action become trapped in endless consultation, excessive caution, or bureaucratic delay.”

He also raised concerns about absenteeism, poor performance management and what he described as an unhealthy fear of taking risks.

“The people we serve do not expect perfection,” Misick said. “They expect leadership. They expect judgment. They expect action.”

The address repeatedly emphasized results over process and urged public servants to focus less on excuses and more on execution.

“The people of these Islands are not interested in how many meetings we attend,” he said. “They are interested in results.”

The Shift from Growth to Nation-Building

In his June 5 Business Outlook 2026 address, Misick broadened the discussion beyond economic growth and laid out what he called the foundations of nation-building. The most expansive vision came during the Business Outlook 2026 address, where Misick outlined what he called the foundations of long-term prosperity.

While celebrating record tourism arrivals, strong government revenues and a development pipeline exceeding $4 billion, the Premier argued that economic growth alone is insufficient.

“Growth alone is not success. Growth alone is not development. Growth alone does not guarantee resilience,” he said.

Among the pillars he identified were stronger public institutions, sustainable tourism, balanced development across the archipelago, infrastructure investment, housing, education, workforce development and economic diversification.

At the centre of that strategy is the government’s proposed borrowing programme of up to $350 million.

Misick defended the initiative as a necessary step to accelerate infrastructure development and address long-standing bottlenecks.

“This is not borrowing for consumption,” he said. “This is borrowing for development.”

The funds are expected to support investments in infrastructure, healthcare, housing, public utilities, climate resilience and digital transformation.

For the Premier, the goal is clear.

“The objective is not merely to create a larger economy,” he said. “It is to create a stronger country.”

Taken together, the four speeches reveal a government seeking to define its second term not simply by economic expansion, but by building institutions, communities and opportunities designed to endure long after the current growth cycle has passed.

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Bahamas News

New GPS Evidence Prompts Fresh Search for Missing American Woman in Abaco

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ABACO, BAHAMAS — Nearly two months after American sailor Lynette Hooker vanished in waters off Abaco, investigators are preparing to conduct a new search based on GPS and navigation data that reportedly challenges the account originally provided by her husband.

The case, which first drew international attention in early April, began when Brian Hooker told authorities that his wife was swept away after falling from an inflatable dinghy during rough conditions in waters near Elbow Cay.

Initial search efforts involving Bahamian and U.S. authorities covered extensive areas of the Sea of Abaco but failed to locate the missing Michigan woman.

Now, according to multiple U.S. media reports, investigators have obtained electronic navigation and GPS data that appears to place the couple’s dinghy in a different location from where searchers initially concentrated their efforts.

The new information has prompted authorities to reopen search operations and seek permission for divers to examine a more targeted area of the Sea of Abaco.

Unlike the broad search that followed Hooker’s disappearance, the renewed effort is expected to focus on a relatively shallow section of water, reportedly about 25 feet deep. Investigators believe the location may offer a better opportunity to recover evidence and potentially answer lingering questions surrounding the disappearance.

The latest development marks a significant shift in the investigation.

What began as a maritime search-and-rescue operation has evolved into a complex multinational investigation involving Bahamian authorities, the United States Coast Guard and the Federal Bureau of Investigation.

Brian Hooker was detained and questioned by Bahamian authorities following his wife’s disappearance but was later released without charges. While investigators have never publicly accused him of a crime, reports indicate he remains a person of interest as authorities continue to examine the circumstances surrounding the case.

Hooker has repeatedly denied any wrongdoing and has maintained that his wife accidentally fell overboard.

The investigation has intensified in recent weeks. U.S. authorities have reportedly seized the couple’s sailboat, Soulmate, transporting the vessel to Florida for forensic examination. Investigators are said to be reviewing onboard electronics, digital records and other potential evidence as part of the ongoing inquiry.

The case has also attracted attention from Lynette Hooker’s family, who have continued to press for answers and support efforts to locate her.

The renewed search comes after Brian Hooker returned to the United States following the disappearance. Reports indicate he cited family reasons, including concerns about his mother’s health, for leaving The Bahamas.

For investigators, however, the focus now appears fixed on the newly identified search area and the electronic evidence that led them there.

Whether the latest operation produces answers remains to be seen. But nearly eight weeks after Lynette Hooker disappeared in the waters of Abaco, authorities believe new technology and new information may finally provide a clearer picture of what happened that night.

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News

Firearms, Migration Enforcement and 61% Crime Drop Highlight Bailey’s Year in Review

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By Deandrea Hamilton

PROVIDENCIALES, Turks and Caicos Islands — The dramatic decline in murders may have captured public attention, but newly released Year in Review graphics from Police Commissioner Fitz Bailey reveal a much broader policing strategy that the Royal Turks and Caicos Islands Police Force says is producing measurable results across the territory.

Among the standout achievements highlighted in the Commissioner’s 2025-2026 review is the recovery of 22 illegal firearms and more than 500 rounds of ammunition during 2025.  The graphics also show that four additional illegal firearms were seized during the first quarter of 2026.

The Police Force credits proactive policing, intelligence-led operations and community partnerships with helping remove weapons from the streets and reducing opportunities for violence.

The review also points to what may be the most significant statistic in the package: a 61 percent reduction in overall crime.  While the graphics do not provide a detailed breakdown of offences contributing to that decline, the figure suggests improvements extended well beyond homicide investigations and into broader categories of criminal activity.

Other accomplishments cited include strengthened border security operations, the detention of more than 1,100 irregular migrants, the dismantling of illegal settlements, the launch of a Human Trafficking Unit and expanded highway patrol initiatives.

The Force also highlighted increased engagement with communities through schools, churches and outreach programmes, investments in officer training and professional development, and modernization of information technology and communications systems.

For the tourism-dependent Turks and Caicos Islands, the review sought to reassure visitors that the destination remains safe.  Police recorded 43 incidents involving tourists during the review period, including 18 offences against the person, 23 property-related offences and two offences against the state.

Using annual visitor estimates of approximately two million arrivals, the Force argues that tourists remain overwhelmingly safe while vacationing in the territory.

The review also confirms the much-publicized reduction in murders. According to the data, murders fell from 48 in 2024 to 27 in 2025, representing a 43.75 percent decline.  The graphics further indicate that no murders were recorded during the first quarter of 2026.

While the figures paint a picture of improving public safety, they also raise questions that many residents will likely want answered as the conversation turns from crime reduction to criminal accountability.

Notably absent from the review are statistics related to arrests, charge rates, case clearances, prosecutions and convictions.  The graphics demonstrate that crime is declining and that firearms are being removed from communities, but they do not indicate how many suspects were arrested in connection with major crimes, how many cases resulted in charges, or how many offenders were ultimately convicted before the courts.

Those metrics have long been viewed as important measures of police effectiveness, particularly in serious crimes such as murder, shootings, robberies and firearms offences.  While the latest review focuses heavily on outcomes and operational achievements, future reporting on arrest and conviction rates may provide a more complete picture of how successfully the criminal justice system is converting police investigations into courtroom victories.

Still, Commissioner Bailey’s review makes a clear argument: that a combination of proactive policing, strategic enforcement, border security initiatives and community engagement has contributed to a safer Turks and Caicos Islands.

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