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Finance

After Thanksgiving, its Black Friday & Cyber Monday shopping which this year should see $158 Billion in spending

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By Dana Malcolm

Staff Writer

 

November 25, 2022 – Every year, after a day Thanksgiving holiday,  shops in the US both on line and on the corner slash their prices and residents flock to sites and malls to snatch up all the savings.  This year is no different and though the tradition originated in America, it has spread across the hemisphere with Caribbean businesses picking up the trend as well.

In addition to savings from local store owners, with the advent of online shopping, US marketed Black Friday  deals aren’t just limited to their home countries.  Residents across the Caribbean will be able to shore up on everyday goods, electronics, and Christmas presents offered from major retailers including Amazon, Best Buy, Target and many others.

Some deals presented themselves earlier that Thursday and will last until 12 pm Friday.  But if you miss the sales don’t worry Cyber Monday, the biggest shopping day of the year is coming up just two days after.

Started back in 2005, it was founded by the National Retail Federation for online-only sales and deals to combat the long lines and crowds of Black Friday and dethroned the traditional Friday as the largest shopping event. If you want the in store experience, Friday is your chance but for those who shop online the two are hardly distinguishable.

Experts at business insider say tech deals are better on Cyber Monday but only slightly so if you’re worried about something selling out, it might be best to pick it up on Friday.

It is also worth noting that over the years, even the Saturday in between has taken shape to promote smaller stores.  This shopping day is dubbed: Small Business Saturday and it ensure that the mom and pop or boutique-styled stores are not forgotten in the spending frenzy.

It is estimated that Americans will do 50 per cent of their shopping this holiday weekend; spending some $158 Billion.

Happy shopping!

Finance

COST OF LIVING RELIEF PROGRAMME- CHEQUE DELIVERY SERVICE  

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Providenciales, Turks and Caicos Islands 5th December 2024 – The Ministry of Finance, Investment, and Trade is pleased to announce the launch of a Cheque Delivery Service tailored specifically for individuals who are differently-abled or confined to their homes. We understand that access to financial assistance is crucial, and we are dedicated to making this process as straightforward and inclusive as possible.

To utilize this service, applicants or their authorized representatives are kindly encouraged to submit a written request for cheque delivery. Requests should be sent to colreliefsupport@gov.tc.

The request must include the following:

·       a copy of the approved applicant’s Government issued ID

·       application number

·       phone number and 

·       address for the cheque to be delivered.

 Our team is here to ensure that everyone in our community has the opportunity to benefit from this relief program.

 Your well-being and accessibility are our top priorities, and we are committed to providing the support you need.

 Thank you for your cooperation, and we look forward to serving you!

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Finance

(SENIOR CITIZEN’S) FINANCIAL ASSISTANCE PROGRAMME (FAP) – Second Batch Payments Ready for Collection

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Providenciales, Turks and Caicos Islands – Monday, 18 November 2024: The Financial Assistance Programme 2024 will make its SECOND batch of payments, today, Monday, 18 November 2024.

Cheques are ready for collection at the Government Treasuries and Subtreasuries. For persons who applied for the FAP and have met the FAP eligibility criteria, your application, if approved for payment, will have a cheque that is ready for collection.

Pensioners are advised that the only method of payment for this round of payments is by cheque owing to a delay in confirming the schedules for payments to be made through deposits in the bank accounts submitted.  So, to progress payments as soon as possible, a decision was made to distribute the first set of batches by cheque only.

Subsequent monthly pension top-ups will be paid according to the preferred method of payment indicated in your applications.

There is a batch of remaining payments of approved FAP applications from the open portal that would have required additional information. Payment for the third batch will be made by Monday, 25 November 2024.

The list of pensioners with cheques ready for collection in the second batch is given below.

Pensioners must present a Government-issued photo identification to collect payments.

If you are a pensioner who is unable to collect the FAP cheque in person, the authorised person collecting the cheque must present a letter duly signed by the pensioner and notarised, giving him/her the authority to do so on the pensioner’s behalf.

PLEASE ALSO NOTE THAT THE SENIOR CITIZENS FAP PORTAL REOPENS TODAY, 18 NOVEMBER 2024 FOR NEW APPLICATIONS.

Reference Number Last Name
644751465 BAIN
687825715 BASDEN
505085522 BEEN
561153666 BEEN
995648584 BELIZAIRE
019454565 CAPRON
527640775 COX
003649388 DAQUIN
280220419 DEAN
849228763 DELANCY
572356720 DELANCY
576614240 DELANCY
612945814 DELANCY
559596971 DELANCY
598326321 DICKENSON
084702484 DURHAM
597361548 ELIE
111985864 ELLIS
543636853 FORBES
653150084 FRANCIS
510853558 FRITH
540955249 FULFORD
576640232 GARDINER
189458877 GARDINER
524124837 GLINTON
519254633 GRANT
595489260 GRANT
685269416 HAMILTON
697896683 HAMILTON
827809498 HAMILTON-RAPPEL
218280489 HARRIS
580794874 HENFIELD
537311724 JEAN
077826499 JEAN LOUIS
516497711 JOHNSON
596523793 JOSEPH
268871233 JOZINE
028605624 LEWIS
627390915 LIGHTBOURNE
568264407 LIGHTBOURNE
029750496 MICHEL
650870131 MISICK
040734569 MISSICK
651776543 NEWMAN
018772289 PENN
784530737 ROBINSON
116372158 ROBINSON
121578800 RODNEY
614625467 ROLLE
017712998 SMITH
627788775 STUBBS
753708955 SWAN
987691887 TAYLOR
680139102 THOMPSON
657093251 WILLIAMS
366198147 WILLIAMS
571268091 WILSON BASDEN
262715489 GARLAND
343293914 HANDFIELD
986827347 DEAN – NEAT

 

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Finance

(SENIOR CITIZENS) FINANCIAL ASSISTANCE PROGRAMME (FAP) – UPDATE – 12 NOVEMBER 2024

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Providenciales, Turks and Caicos Islands – Tuesday, 12 November 2024: The Financial Assistance Programme has approved over $1.292 million in payments to 342 persons over the age of 70 years.

The Government is pleased to report that this intervention will ensure that the aged of the Turks and Caicos Islands, have a monthly FAP benefit of up to $1,000 per month. The programme was designed so that those with other sources of pensions which total less than $1,000 per month will be “topped up” to $1,000 per month and those without an alternate source will receive $1,000.00 per month.

The Honourable C. Washington Misick, Premier, in speaking about this programme said that the FAP is an investment in the well-being of the older folk of the TCI.  This monthly contribution makes pension benefits more relevant to the current cost of living and assures a certain level of financial independence and a better quality of life for pensioners.

The provision of liveable pensions is a social obligation that the Government has not taken lightly; and a key component of several initiatives implemented during the past four (4) years that are intended to strengthen social programs to promote economic stability during the entire span of a person’s life in the Turks and Caicos Islands.

The FAP portal is currently closed for submissions but will reopen on Monday, November 18, 2024.  To qualify you must:

  • Be receiving a pension that is below $1,000.00 per month from one or multiple sources or is receiving no pension at all.
  • Be a Turks and Caicos Islander or a British Overseas Territory Citizen.
  • Have attained the age of seventy (70) years old.
  • Be ordinarily resident in the Turks and Caicos Islands for the last 5 (five) years.

Persons who are “wards of the state” (e.g. residing in TCIG wellness centres, aged-care centres, etc.) and “wards of the court.” (e.g. in prison etc.) will not qualify for the FAP.

Apply at: seniorcitizensfap.gov.tc

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