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Board of Directors of Invest TCI host first Annual General Meeting

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#TurksandCaicos, September 18, 2022 – The Board of Directors of Invest Turks and Caicos Agency (Invest TCI) hosted its first Annual General Meeting (AGM) on September 1st, 2022, at 6:30pm at the Palms Resorts Messel Ballroom. The AGM provided a unique opportunity to engage government officials, heads of statutory bodies, partners, and other key stakeholders who were presented with a review of the Agency’s performance for the fiscal year 2021-2022.

The Meeting was called to order by the Chairman of Invest TCI, Alvin Hegner. The Chairman provided an overview of the Agency’s performance and past year’s highlights. The year’s accomplishments included completing the Agency’s strategic plan, initiating the digitizing of the Agency’s processes, reviewing of the Investment and MSME policies and improving the website. The Agency also focused on developing a more diverse pipeline of projects, enhancing the business climate reform, and prioritizing business support to local investors through the MSME Programme.

The CEO of Invest TCI, Angela Musgrove, was delighted to share with the attendees the completion of the Agency’s five-year strategic plan and the Agency’s plans going forward. The key focus of the strategic plan is strengthening the institutional capacity, developing MSME competitiveness, strengthening investment promotion and facilitation, and encouraging and facilitating increased domestic direct investment while advocating for an improved business environment.

The Agency also used the opportunity to recognize the staff of the Invest TCI team with five or more years of service to the Agency. Congratulations and appreciation are extended to Angela Musgrove – CEO, Trina Adams-Smith – Vice President of Marketing and Promotion, Alexa Cooper – Vice President-SME Development, Deborah Astwood – Corporate Service Manager, Hezron Henry – Marketing Support Officer, and Temeka Rigby – Administrative Officer.

The Chairman, Mr. Hegner, commented on the Agency, said, “On behalf of my fellow Directors, I thank the staff of Invest TCI for their ability to adapt, courage to change, and enthusiasm to facilitate inspiration to reality. We are thankful for ongoing support from the Premier and the Deputy Premier for their guidance, recommendations, and outlook support. I thank my fellow Directors for dedicating their time, their adaptability, and intellect to advancing the Agency. Together we all made excellent progress for our economy, and I am looking forward to another year of progress because we are a country of opportunities.”

Mrs. Musgrove, CEO of Invest TCI, stated, “I embrace this opportunity to thank each team member for their dedication and commitment to the Agency’s mandate. They have worked diligently with our stakeholders in a spirit of partnership, collaboration, and respect. I look forward to their continued commitment to the Agency’s progress as we move boldly towards not just completing our strategy but successfully implementing it and monitoring its impact on our economy. I am confident that we will be able to re-tool our team, reshape our image, reinforce our relevance, and as a country reap the rewards from the work of a successful and impactful Invest Turks and Caicos.”

Also in attendance at AGM was the Premier, Dr. Honorable Charles Washington Misick, who brought remarks on behalf of Honourable E. Jay Saunders, Minister for Finance Investment and Trade. Honourable Misick congratulated the team at Invest TCI for a job well done over the past year and for the Agency’s contribution to the economic development of the Turks and Caicos. The Honourable Premier stressed the importance of domestic investment and placing Turks and Caicos Islanders at the forefront of investment in the islands.

To review Invest TCI’s Annual Report and Strategic Plan, you may visit the Agency’s website at www.investturksandcaicos.tc

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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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