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FortisTCI and CEO Ruth Forbes appointed to global group of Accountants

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FortisTCI President and CEO Ruth Forbes has been nominated by the Institute of Management Accountants (IMA) to serve on the International Federation of Accountants’ Professional Accountants in Business Advisory Group (IFAC PAIB).

Mrs. Forbes’s appointment to the IFAC PAIB Advisory Group is for a period of three years, ending on December 31, 2026. The PAIB’s Advisory Group is a global corps of business and finance leaders who consider and address trends affecting business and public sector organizations and their professional accountants. The group welcomes members who, by their experiences, are knowledgeable about the demands and needs of organizations and the business environment and recognize the importance of accountancy professionalism and expertise to their success. The group advocates for professional accountants in business and supports effective corporate governance. The PAIB’s Advisory Group members are nominated by a professional accounting organization.

As the IMA’s representative, Mrs. Forbes will contribute to the IFAC PAIB Advisory Group’s strategic involvement in business and accountancy matters, support IFAC’s initiatives and projects, and be involved in stakeholder engagement across the global accounting profession.

Mrs. Forbes commented on her appointment, “It is a special honour for me to be nominated to serve on IFAC’s PAIB Advisory Group, and a remarkable opportunity to represent the accounting profession on this global body. The profession plays a significant role in shaping the strategic direction, governance framework, and, ultimately, the success of private sector companies and public organizations.

“I look forward to helping the PAIB Advisory Group advance the accounting profession and nurturing the relationships that I will develop with my global colleagues. I am thankful that through this appointment, I can also contribute to the profession’s evolution and help guide the next generation of leaders.”

Mrs. Forbes is a Certified Management Accountant (CMA) and a Certified Public Accountant (CPA). She has a Bachelor’s degree in Accounting from Barry University. She also completed the Directors Education Program and received the ICD.D designation from the Institute of Corporate Directors through the University of Toronto – Rotman School of Management.

Mrs. Forbes has served as President and CEO of FortisTCI since 2020. She is one of the few female CEOs in the utility sector serving the Caribbean region. She also was Senior Vice President of Corporate Services, Chief Financial Officer, and Company Secretary at FortisTCI and has 17 years of experience in the energy industry.

She serves as a Director on the boards of FortisOntario and Fortis Belize Limited. She is also a Director on the board of The Caribbean Electric Utility Services Corporation (CARILEC). She has served for three years as the Governor’s Appointed Member of the Public Accounts Committee of the Turks and Caicos Islands.

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

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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.

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ELECTRICITY BILL SHOCKER: PELICAN ENERGY WARNED GOV’T

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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?

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Cabinet Decides to Slow Down Commercial Crown Land Grants

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PROVIDENCIALES — New commercial Crown Land applications are facing a six-month pause as the Turks and Caicos Islands Government takes inventory of its holdings.

During Cabinet meetings held July 15 and 16, an immediate six-month moratorium was approved on the acceptance, processing and approval of new applications for commercial Crown Land grants, leases and allocations.

The pause will remain in place pending completion of the Crown Land Inventory Review. Cabinet’s summary did not state what prompted the review or indicate whether availability of commercial Crown Land is a concern.

The two-day meeting also advanced major consumer legislation. Cabinet approved the National Fair Competition Policy 2026 and drafting instructions for a Fair Competition Ordinance, moving TCI toward stronger consumer protection and fair competition rules.

In Grand Turk, Cabinet approved rezoning land in the North West Suburbs from low-density to medium-density residential use to facilitate a new apartment development.

Cabinet also advanced fisheries reforms, water legislation allowing private and public-private investment, minerals legislation and appointments across tourism, health and finance.

Progress toward establishing a TCI Credit Union was also noted.

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