Connect with us

News

Government watching, Tax Breaks & Concessions could be extended, says Premier

Published

on

By Deandrea Hamilton

Editor

 

#TurksandCaicos, November 23, 2022 – The government is watching consumer pricing in Turks and Caicos supplier markets and according to Washington Misick, TCI Premier the move to cut taxes on imports and cap costs on fuel surcharges is a measure poised to be extended.

“I don’t want to pre-empt the decision by Cabinet, but  I believe it is fair to accept that to the extent that that prices continue to rise and to the extent that, until we are able to do something with the living wage, we will be making every effort to assist consumers by holding down the prices.”

The matter of the dreadfully high cost of living arose as among the first concerns of residents who turned up at the Gus Lightbourne Gym for the government hosted public meeting on Monday night.

“We don’t actually have a price control law in place.  What we prefer to do is to provide that support to consumers by way of subsidizing critical imports however there are many ways that the issue of cost of living is being addressed by the government.”

Turning to his Border Services minister, Arlington Musgrove, the premier announced there is a planned extension to the Food & Fuel Tax Break, which sliced 2.5 per cent of the Customs Processing Fee (CPF) and reduced government fuel tax by 25 per cent; a $15 million cost absorption by TCIG which was laid out in March 2022.

The concession took effect on April 1 for a period of 12 months.

“Only today, we agreed to extend – a policy decision made six months ago, to remove the duties including taking off the CPF a whole basket of goods, that is being extended for a further six months, if I am not mistaken,” he said on Monday in the second of a series of roving public meetings.

Residents want more however, fearing that the duty free concessions which were added to the Food & Fuel Tax break are not being passed down by retailers.  The premier admitted to similar concerns and agreed that government must find a way to track how the concessions meant for consumers are actually experienced by them.  Until then, the government is having to get creative so that the consumers feel the savings and assistance.

“What has happened is that the government realised that we can’t control the transfer of savings through customs duties that we might have given to the merchant.  Because of the absence of the ability (because of our tax structure) to literally examine people’s books and see what is going on, we can’t control whether they are passing those savings on.”

The PNP Administration, this summer announced a second plan to buffer the hard-hitting costs of consumables.  A $16 Million concession was rolled out and included duty exemption to all residents bringing goods in for their households and a duty free list of food items which resulted in savings at local grocers.  Residents also received a $1,000 cash stimulus and eventually benefitted from a $2.5 million Fuel Factor Stabilization Credit which resulted in a dramatic drop in energy bills.

The Government agreed to cap the fuel factor rate, which is being driven by high oil prices, paying the excess and saving FortisTCI customers hundreds of dollars at a time.

“Electricity now on your bill, you would notice, the fuel factor is something like about 30 cents or more, I’m not quite sure but we have capped to a maximum of 20 cents and that goes until the end of December, and the government has subsidised that directly to the consumer to the tune of $2.5M at least.”

The pace of this historic inflationary season is also challenging for governments; Turks and Caicos, like others is experiencing around an  11 per cent inflation rate, while salaries remain stagnant and as living costs, food and other commodities including fuel have surged to record-setting levels.

News

Salt Cay Water Shortage Unresolved as Residents Question Promised Relief

Published

on

SALT CAY — Residents say Salt Cay’s prolonged water shortage remains unresolved, with no visible activity or relief from the measures Government said would be advanced last week.

The crisis began in June after a critical filter failed at the island’s reverse osmosis plant, severely disrupting local water production. Residents told Magnetic Media Tuesday morning that neither the replacement filter nor the promised bulk shipment of emergency water appeared to have arrived.

Minister of Innovation, Technology and Energy E. Jay Saunders, however, said the filter is already on Salt Cay.

“The RO filter is on Salt Cay and it’s being installed,” Saunders told Magnetic Media.

The large emergency water shipment has not materialised. Saunders said transporting more than 1,000 gallons in a single container requires a barge, and officials are still attempting to source one.

Government had previously indicated that it would try to deliver up to 2,500 gallons to partially replenish Salt Cay’s depleted storage tanks while repairs continued.

Saunders had initially projected that the RO plant would be fully operational by August 19. He now says the system is expected to return to full operation “in a few days.”

For residents, however, the immediate reality remains unchanged: the shortage continues, the bulk water has not arrived and the promised relief is not yet flowing.

Continue Reading

News

Beaches Turks & Caicos shares dining etiquette training at Provo youth summer camp  

Published

on

PROVIDENCIALES, Turks & Caicos Islands: — Beaches Turks and Caicos Resort recently collaborated with the Royal Turks and Caicos Islands Police Force and the Department of Social Services to support a youth camp hosted at the Oseta Jolly Primary School, underscoring the resort’s ongoing commitment to youth development in the Turks and Caicos Islands.

The camp, which brought together security forces, government agencies and private sector entities, focused on equipping young participants with practical life skills and character-building tools. A team from Beaches Turks and Caicos’ leadership and training departments joined the programme to deliver sessions on basic table etiquette, dining mannerisms, polite demeanour and public speaking fundamentals, all designed to help the students present themselves confidently in formal and professional settings.

General Manager of Beaches Turks and Caicos, Deryk Meany, said the resort views national development as an integral part of its corporate social responsibility. “We are always happy to be supporters in the development of the youth of the Turks and Caicos Islands. We continue to commit our team to help in creating the next generation of leaders who will provide support to the islands and help in its development,” Meany noted.

The initiative also received strong endorsement from the Ministry of Education, Youth, Sports and Community Development, which has been championing holistic programmes aimed at building well-rounded young citizens. Minister Rachel Taylor highlighted the importance of collaborations like the camp in helping youth access structured guidance and mentorship. “We are happy to join in celebrating the growth and development of our youth here in the Turks and Caicos Islands. Beaches Turks and Caicos continues to be one of our primary supporters in helping to develop well rounded individuals. This commitment from this resort has grown with the vision of the youth ministry to help in their overall development,” she said.

Taylor further emphasized that the camp’s timing was especially significant, coming as youth across the islands seek positive outlets and constructive engagement. “This camp came at the most ideal time for our adolescents. With the support of our governor, the security forces, the social services along with Beaches Turks and Caicos, we are confident that the training needed for them to improve is on the right track,” she added.

Beaches Turks and Caicos Public Relations Manager, Orville Morgan, described the collaboration as an exemplary model of cross-sector partnership. “To be able to join with the security forces to provide support for the youth of the Turks and Caicos Islands is exceptional. We are happy to provide the necessary support to equip them to grow into being productive citizens of these islands,” Morgan said.

He noted that the resort team focused on practical etiquette and hospitality-driven skills that can be carried into the youths’ future experiences. “As a team, we were able to share in the basic table setting and dining etiquette for them, skills we are sure that they will be able to use in their next fine dining experience,” Morgan added.

Organizers expressed optimism that the camp’s blend of discipline, mentorship and soft skills training will have a lasting impact on participants. With stakeholders pledging continued support, the Beaches Turks and Caicos team and their partners aim to expand similar initiatives, further investing in the personal and professional growth of the next generation of Turks and Caicos Islanders.

Continue Reading

News

ELECTRICITY BILL SHOCKER: PELICAN ENERGY WARNED GOV’T

Published

on

TCIG knew from April that fuel factor could surge almost 80%; Minister says $500 cost-of-living payment was part of Government’s response

PROVIDENCIALES — The Turks and Caicos Government knew months before July’s shocking electricity bills that consumers faced a potentially massive increase in the fuel factor.

Minister of Information Technology and Energy E. Jay Saunders revealed Friday that Pelican Energy warned his Ministry in April that generation fuel costs were projected to rise from $3.09 per gallon in May to $4.79 in June and July.

That translated into a projected fuel factor jump from about 17.5 cents to 31 cents per kilowatt-hour — an increase of almost 80%.

Saunders said he personally advised Cabinet of the projected increase and presented options for cushioning the impact.

He characterised Government’s $500 cost-of-living payment as its “initial response” to rising fuel costs, before a separate fuel-factor subsidy was approved.

Cabinet records show Government agreed on June 24 to provide funding to mitigate the fuel-factor impact, with the relief programme approved July 8.

Eligible residential customers — those averaging less than $1,500 monthly over the previous three bills — are capped at 22 cents per kWh from July through October.

Pelican confirmed Friday that Government’s contribution was already applied to July bills, meaning the bills now triggering widespread public outrage would have been even higher without the subsidy.

Saunders did not disclose the programme’s total cost.

His admission that Government knew since April, however, raises another question amid the backlash: why were consumers not directly warned by Government about the scale of the approaching increase?

Continue Reading

FIND US ON FACEBOOK

TRENDING