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TCI Premier talks Expansion and Opportunities at first-time Business Outlook

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Garfield Ekon

Staff Writer

 

 

#TurksandCaicos, June 18, 2024 – The future of the Turks and Caicos Islands (TCI) is “looking bright, according to Premier, Hon. Charles Washington Misick, as he highlighted that the investment climate on the islands is blooming.

Delivering the keynote address at the inaugural (TCI) Business Outlook event, held recently at the at Beaches Resort, Villages, and Spa on Providenciales, under the theme: “Opportunities for Growth and Inclusion for All TCI Stakeholders,” the Premier said the growth in investment is driven by established and “new luxury brands, particularly in the hospitality sector.

“This island’s strategic location, political stability, and growing tourism sector continues to attract investments to our shores. Its sustained environment is also a draw,” he said, noting that “proper management” is required to ensure that the islands continue to be investment ready.

He said the island’s investment’s agency, TCI Invest, is facilitating 52 major projects, and local people need to make a decision of being intentional about steadfast and inclusive growth.

He reported that over $1 billion has been invested in the tourism industry, and over $500 million is in the pipeline to build 1,600 hotel rooms over the next two years, with most of them being constructed in Providenciales, adding that high-end brands such as Marriott will be developed on some of the other islands.

Declaring that hundreds of investments projects are at the approved stage, the Premier said polices will continue to be updated, to ensure that “indigenous islanders are not left behind,” and tourism will be a mainstay in the TCI economy, for the foreseeable future.

“We have to ensure that it is sustainable, and focus on redesigning our system, making sure that there are linkages back to,” other key industries, he said, stressing that the private and public sectors have prospered together, and “that is the direction that we want to continue in,” he said.

The forum was attended by 90 participants, and the Premier told his audience that his administration has moved its social budget from $3 million to $10 million, as part of ensuring that the State is a care organ, and while also noting that the Government is ensuring that taxes are more equitable.

Invest TCI was established to assist local and foreign investors in accessing government concessions for investing in the Turks and Caicos Islands and to provide investors with introductions to local service providers/suppliers.

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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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