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InvestTCI participates in the Caribbean Hotel and Resort Investment Summit 2024    

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Providenciales, Turks and Caicos Islands – May 2nd, 2024 – Invest Turks and Caicos Islands (InvestTCI), proudly participated as a platinum sponsor at the Prestigious Caribbean Hotel and Resort Investment Summit, held from April 22nd to 23rd, 2024 at the Loews Coral Gables Hotel in Miami, Florida.

CHRIS is highly regarded as the leading and most noteworthy hotel investment conference for the Caribbean, offering unparalleled networking opportunities and a comprehensive lineup of sessions led by esteemed hotel and financial industry experts. This year, the summit offered invaluable insights into the performance of the Caribbean tourism industry, highlighting its remarkable resilience as it surpassed pre-pandemic growth levels and outperformed the Americas.

More than 400 delegates attended representing over 30 countries, including investors, industry leaders, government tourism officials, and media representatives. Among the notable brands present were Playa Hotels & Resorts, Wyndham Hotels & Resorts, Marriott International, Sandals Resorts International, IHG Hotels and Resorts, and Club Med.

At the summit, CEO, Mrs. Angela Musgrove delivered a compelling presentation on “Opportunities in the Turks and Caicos Islands,” with a focus on the family islands and their unique offerings. CEO Musgrove’s presentation highlighted that outside of Providenciales, there is a world of untapped opportunities that lay in the unspoiled, picturesque islands of Grand Turk, North Caicos, Middle Caicos, and Salt Cay – the Turks & Caicos’ “family islands”.

Noting that these islands are a collection of ecological magnificence waiting to be transformed, she introduced the audience to the lesser-known side of Turks & Caicos Islands and some of the magnificently tourism-zoned areas that are prime for substantial development. She also highlighted the Turks and Caicos Island’s comparative strengths and reasons to invest, positioning the country as an attractive destination for investment in the Caribbean region.

CEO Musgrove underscored that “Invest Turks and Caicos is diligently pursuing development opportunities for the islands beyond Providenciales. The agency acknowledges the importance of fostering more balanced growth and equitable opportunities across our entire island chain. This strategic focus reflects our commitment to promoting inclusive economic development and maximizing the potential of all islands within the Turks and Caicos Islands.”

Accompanying CEO Musgrove were Senior Vice President of Investor Services, Mr. Keno Forbes, and Marketing Support Officer, Mr. Hezron Henry. Mr. Forbes remarked, “CHRIS provides a unique platform to showcase the immense investment potential of the Turks and Caicos Islands to a global audience of industry stakeholders. We are excited to engage with investors and highlight the diverse opportunities available in our thriving market.”

As the premier investment promotion agency of the Turks and Caicos Islands, Invest Turks and Caicos Islands remains committed to facilitating sustainable investments and economic growth in the country through strategic collaborations and transparent practices.

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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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Bahamas News

More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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Health

47,459 MEASLES CASES, 44 DEATHS ACROSS AMERICAS  

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WASHINGTON, D.C. — The Americas has recorded 47,459 confirmed measles cases and 44 deaths in 2026, the region’s highest case count in 22 years, prompting the Pan American Health Organization (PAHO) to urge stronger vaccination, surveillance and rapid outbreak response.

As of July 18, cases were already more than triple the 15,011 recorded during all of 2025. Guatemala, Mexico, the United States and Peru account for 95% of confirmed cases. Guatemala leads with 30,371 cases and 26 deaths, followed by Mexico with 12,255 cases and 17 deaths.

PAHO classifies the regional public health risk as very high, citing active outbreaks, immunity gaps, international travel and populations with inadequate vaccination coverage.

The organization says prevention starts with vaccination. Countries are being urged to achieve and maintain at least 95% coverage with two doses of measles-containing vaccine, particularly protecting children and under-vaccinated communities.

Measles spreads through the air when an infected person breathes, coughs or sneezes. Symptoms can include fever, cough, runny nose, red eyes and a rash.

PAHO is urging health authorities to detect suspected cases early and respond rapidly to stop transmission. Unvaccinated and under-vaccinated people, young children and communities with limited healthcare access face increased risk of severe illness and death.

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