Connect with us

News

NHIB PLACED UNDER EXAMINATION, MINISTRY OF HEALTH AND HUMAN SERVICES REMOVES NHIB BOARD AND CEO AND BEGINS IMPLEMENTATION OF STABLIZATION AND RESCUE PLAN

Published

on

PRESS RELEASE

FROM THE MINISTRY OF HEALTH AND HUMAN SERVICES

 

 

 

Providenciales, Turks and Caicos Islands 7th March 2025 – Services (MOHHS) announces the immediate placement of the National Health Insurance Board into examination in accordance with section 39 of the Public Finance Management Ordinance and removes of the Board of Directors and the Chief Executive Officer (CEO). This action is due to Governor on the advice of the Cabinet, being satisfied on reasonable grounds that the financial viability of the NHIB is at risk or poses systemic risks to the public finances.

The decision to take this necessary action follows a comprehensive review of the NHIB’s financial operations, which revealed serious concerns about the financial viability of the NHIB and the need to ensure proper financial management and systems are restored to stabilize the NHIB so that it can carry out its functions in keeping with its statutory responsibilities.

The National Health Insurance Board (NHIB) plays a vital role in ensuring access to essential healthcare services for the people of the Turks and Caicos Islands. Through its management of the National Health Insurance Plan (NHIP), the NHIB provides coverage for medical treatments, local and overseas referrals, and other critical healthcare interventions that improve the quality of life for citizens and residents.

Sound financial management and transparency are the cornerstones of any public institution, particularly one as crucial as the NHIB. Proper oversight ensures that public funds are used efficiently, services are delivered equitably, and the trust of the people is maintained. The appointment of a well-established and experienced firm to conduct the review and make recommendations on how to improve the sustainability of the organization.

What is Examination – Examination is a statutory process for statutory bodies which is similar to the process referred to as Company Administration in respect of a private company, whereby an Insolvency Practitioner is appointed as Administrator to restructure a private company, with the aim of either turning it into a profitable company to preserve value and employment.  In essence, administration seeks to either provide time for a business to restructure and become profitable.  As a statutory body, the NHIB is not a company and cannot be placed in administration.  Being placed under Examination in accordance with section 39(2) of the Public Finance Management Ordinance is the similar process for statutory bodies.

The objective of the NHIB entering into examination is to stabilise and rescue it through proper management and restructuring to help it return to financial viability in a controlled and orderly manner under the management of suitably experienced and qualified experts in financial management.

The NHIB will continue to operate and carry out its functions.  These steps are being taken to ensure that the underlying business operations are undertaken through strong financial and administrative management and where necessary, restructuring.   Section 39(2)(b)(ii) of the Public Finance Management Ordinance allows for the Governor, on the advice of the Cabinet, to remove the members of the board of the NHIB from office and appoint a new board or a person to take over the management of that statutory body.  Acting in accordance with section 39(2)(b)(ii) of the PFM, Her Excellency the Governor Dileeni Daniel Selveratnam, acting on the advice of the Cabinet –

  1. a)         removed the existing Board of the NHIB and appointed an Interim Board, as follows:
  2. i)          Permanent Secretary, Premier’s Office, Interim Chairperson;
  3. ii)         the Deputy Governor or her representative;

iii)       the Attorney General or her representative;

  1. iv)        the Permanent Secretary, Finance or her representative;
  2. v)         the Permanent Secretary in the Ministry with responsibility for health or her representative;
  3. vi)        the Director of Health Services (Chief Medical Officer);

vii)       the Director of the National Insurance Board;

viii)     the Interim Chief Executive Officer.

  1. b)         appointed INTERPATH, an experienced professional firm as examiner in accordance with section 39(2)(i) of the PFMO.

The Hon. Minister of Health, Kyle Knowles, acting on the policy advice of the Cabinet, has today appointed Dr. Pharez George, as Interim Chief Executive Officer for the time being.

Examination is appropriate because the NHIB is financially distressed but has underlying value and serves a key purpose.  Section 39(2) of the PFMO empowers to the Governor on reasonable grounds, to place the NHIB into examination, where the financial viability of the NHIB is at risk or the NHIB poses systemic risks to the public finances.  The statutory body examination process may be a tough and intimidating one for the staff of the statutory body, but it can help provide a much-needed recovery route if conducted in the correct manner leading to greater security for the beneficiaries and staff alike.  Having the professional assistance from a qualified insolvency practitioner will help the Interim CEO and the Interim Board to understand their responsibilities and legal obligations at what a difficult time for not only the business is, but for Board and employees, suppliers, clients and all creditors owed money.

The examiner is required to immediately take over the day-to-day management of the NHIB and must put together a precise and extensive plan of action for the Government’s approval.

Commenting on the agency’s restructuring, Minister of Health and Human Services, Honourable Kyle R. Knowles stated “The Ministry of Health and Human Services remains committed to upholding the highest standards of governance and accountability. To improve confidence in the NHIB, an interim leadership team has been appointed to oversee its day-to-day operations through a stabilization and rescue plan that will result in a full review of its current structure and operations and recommendations for restructuring. This plan will focus on strengthening financial controls, enhancing operational transparency and accountability  and efficiency of operations and service delivery in the best interests of the health of the people of the Turks and Caicos Islands.

The Honourable Premier and Minister with portfolio responsibility for Finance, Honourable Charles W. Misick stated “The Government of the Turks and Caicos Islands is unwavering in its dedication to safeguarding the public’s health and trust and ensuring that the NHIB operates with integrity, efficiency, and accountability. My Ministry reassures the public that all necessary steps are being taken to reinforce financial discipline within the institution. The well-being of our people remains our top priority. We will continue to work diligently to improve confidence in the management and operations of the NHIB, ensuring that it fulfils its mandate effectively and that the healthcare needs of our citizens and residents are met without compromise.”

Bahamas News

The Carleton Williams Scholarship Seeks Grand Bahamian Applicants This Year

Published

on

The Bahamas, March 25, 2025 – Caribbean Bottling Company (CBC), local producers of Coca-Cola and Dasani products, is proud to announce the opening of the 2025 Carleton Williams Scholarship. This year the scholarship is open to all sixth-grade students attending public schools with a 3.0 GPA or above in Grand Bahama.

The scholarship rotates annually between primary students at Garvin Tynes Primary in New Providence and  . The winning scholar is awarded a scholarship to a local private school for the full six years of high school, subject to a minimum GPA requirement.

This year’s scholarship application will close on Sunday, May 11th, 2025. Their applications will be reviewed by a panel, followed by an interview with the finalists.

The award which launched in 2016 was created to honor Carleton Williams CBE on his retirement as Chairman of the Board for Caribbean Bottling Company. Since then, this scholarship has impacted the lives of 10 students and their families.                                                                                                                                                                                                           The 2025 recipient will join CBC’s vibrant scholarship community, consisting of: Selena Cartwright, 2024; Timothy Kemp, 2023; Leonardo Sands, 2022; Maliyah Edgecombe, 2021; Angela Sands, 2020; Gabriel Hall, 2019; Kennedi Knowles and Anajah Culmer, 2018; Kailena Pinder, 2017 and 2016 inaugural scholarship winners, D’Ron & T’Ron Strapp on their academic journey.

Maliyah Edgecombe, a tenth-grade student at Bishop Michael Eldon Highschool and the 2021 recipient shared how this scholarship affected her life.

“This scholarship has made a great impact on my life. It has not only given me financial support but motivation to pursue in my academic and career goals.”

With CBC’s support, Edgecombe can explore her talents and passions. She is a member of various clubs and organizations such as: Key Club, The Governor General Youth Award (GGYA), Student Christian Movement (SCM), tennis, Georgia School of Dance (ballet, jazz and drama) and she plays clarinet in her church’s band.

Edgecombe recalled the moment her dreams became reality when she was informed that she had been chosen as the 2021 Carleton Williams Scholarship recipient.

“When I was informed that I was chosen for this scholarship, I experienced a roller coaster of emotions; gratitude, excitement and relief! I was elated to know that I was chosen from a myriad of students.” she expressed.

Upon the opening of this year’s scholarship, Edgecombe shared her support to the hundreds of students who will be applying or considering it.

“I would like to encourage those who are applying for the scholarship that no matter the outcome, the effort you put into applying for this scholarship is already a step toward your future. Keep pushing forward, remember that hard work pays off and never stop believing in yourself!”

Application closes May 11th. For all those interested in applying or know someone who would benefit from this award visit www.cbcbahamas.com for complete details and to access the application.

 

Photo Caption: New Providence scholarship recipients posing during the 2024 Carleton Williams Scholarship workshop. (L-R) Angela Sands, 2020 recipient; Selena Cartwright, 2024 recipient, Zakiyah Neely and Karla Wells-Lisgaris, CBC’s Commercial Officer.

Continue Reading

Caribbean News

12th VIRTUAL GLOBAL LEADERSHIP SUMMIT SLATED FOR MARCH 27

Published

on

Global Leadership Summit 2025 flyer

Montego Bay, March 24, 2025 – The 12th Global Leadership Summit (GLS) Jamaica will be held virtually on Thursday (March 27) under the distinguished patronage of Governor General, His Excellency the Most Hon. Sir Patrick Allen.

The Summit, being hosted by the Global Leadership Network (GLN) Jamaica under the theme ‘Design Your Future, Innovate, Inspire and Transform’, aims to equip mission-driven leaders with cutting-edge insights, innovative strategies and invaluable global connections to shape a thriving future.

The event will be divided into four sessions featuring presentations by eight transformational leaders. They include Executive Director, Tourism Enhancement Fund (TEF), Dr. Carey Wallace, and Founder and Senior Pastor at Life Church in the United States and Best-Selling Author, Craig Groechel.

Country Leader and Central Regional Chair of GLN-Jamaica, Dr. Grace Kelly, said the Summit is set to be a “transformational experience”, noting that the event’s virtual format augurs well for achieving the initiative’s goals.

“It’s going to be so dynamic that, wherever you sit, you are going to feel as if you are in the real physical space, because we are going to be there behind the scenes, communicating with you, answering your questions. So you can watch this in the comfort of your home. I’m assuring the teams, those who will be attending, that after the day of the Summit, we will make arrangements for those who may [want] to watch it again, just so that they can get the full experience,” she told JIS News.

Dr. Kelly emphasised that, “We are investing in leaders who will shape Jamaica’s future… leaders who will innovate, who will create jobs, who will strengthen communities, and who will inspire a new generation of changemakers.”

She also highlighted that the Ministry of Education, Skills, Youth and Information sent out a bulletin about the event. Additionally, the Nursing Council of Jamaica is granting five continuing education credits to nurses who participate in the Summit.

For his part, Summit Co-Chair, Reverend Dave Falconer, told JIS News that the event promises to be an “unforgettable experience”.

“GLS is a world-class leadership conference that empowers leaders, providing them with fresh, actionable and inspiring leadership content wherever they lead,” he said.

He informed that, “it brings together leaders from every sector of the society, [such as] churches, business, corporate, government and unions”.

“It’s a galvanising event that emanates from the US (United States) and will simulcast in the United States and Canada and through videocasts around the world in up to 136 countries,” Rev. Faulkner further indicated.

Persons can register online to attend the event at iteneri.com/summit2025 or call 876-343-2252 for details.

The registration cost per person in Jamaica is $6,500, with students paying $3,000. For individuals registering overseas, the cost is US$50 per person and US$30 for students. Group rates are also available for leaders who want to bring their teams.

Lead Producer of GLS Jamaica, Dwayne Madden, advised that registration will be facilitated up to March 26, details of which can be accessed online, while pointing out that more than 1,000 persons can be accommodated.

Thereafter, he said a link will be forwarded prior to the Summit to enable participants to ensure they are “ready to go on March 27”.

 

CONTACT: SERENA GRANT

Release: JIS

Continue Reading

Bahamas News

Caribbean Wines & Spirits Displays Portfolio Evolution and Innovation with a Spectacular Showcase

Published

on

A look at guests enjoying the showcase’s offerings. Photo credit: Dominic Duncombe

Nassau, BAHAMAS — Caribbean Wines & Spirits (CWS), The Bahamas’ premier wines and spirits distributor hosted a spectacular showcase to celebrate the evolution of its portfolio while highlighting their innovative products.

The event was held at The Bahamas National Trust’s Retreat Garden as an opportunity to educate customers on how the company has grown its product listing since 2020.

Karla Wells-Lisgaris, Commercial Officer of Caribbean Bottling Company (CBC), local producers of Coca-Cola and Dasani products, and sister company to CWS shared her thoughts during the event.

“CWS was birthed with the goal of offering Bahamians premium wines and spirits. Over the years we have grown to be an alcohol beverage provider known for our quality products and excellent service.  As we grow each year striving to continuously satisfy our clients and consumers, we are proud at the expansion of our portfolio.”

The showcase was a testament to CWS’s steady growth and strategic planning.  The company that started with only one brand, House of Angostura and 14 Stock Keeping Units (SKU) has now grown to over 40 brands and 350 SKUs.

Waylon McHardy, General Manager for Caribbean Wines & Spirits shared what inspired the tradeshow that took place in “grand style”.

“We decided to celebrate our growth by showcasing our evolution along with the incredible products offered in our portfolio.  As a team we’re elated by the expansion of our portfolio, appreciative of our loyal customers and proud of our Team Members across the organization who continue to embrace a customer-centric mindset, which also calls for celebration.” McHardy expressed.

The event categorized its wines and spirits into two sections, the ‘Americas’ and ‘Europe’.  Each product had a brand ambassador at their respective stations offering consumers a better understanding of the product’s origins and taste.

While CWS is known for providing quality products, a few key brands wowed guests that night.  Fan-favorites were: ABK6 Cognac, Hard Truth Toasted Coconut Rum Cream, El Tequileno, Caposaldo Moscato and Fonseca Bin No. 27 Port.

Another highlight of the night was the introduction of two new products in CWS’ inventory; El Tequileno an award-winning tequila and ABK6 a single estate cognac.

McHardy revealed that tequila is the fastest-growing category in the beverage industry globally. Aiming to always compete and provide a variety of products, CWS secured El Tequileno, a multi–International Spirits Challenge (ISC) and Spirits Business Awards winner for tequila; which can now be purchased and enjoyed locally.

Cognac, a highly popular spirit within the country presented a gap in CWS’ portfolio, which was filled with the introduction of ABK6.  This “innovative” product, made with diligence and integrity in each step  makes for a delightful taste on the pallet.

Guests savored a variety of hand-crafted cocktails at the El Tequileno Tequila and Nemiroff Vodka stations which heightened their taste buds.

The night was a celebratory affair without a doubt, however McHardy shared the overall goal of the event.

“We want customers to leave feeling valued and appreciated with a deeper understanding of our organization’s mission, which is to serve as a business partner for our customers while seeking to meet the needs of our consumers.” McHardy disclosed.

As the year progresses, consumers can enjoy products at the company’s growing monthly Block Parties and samplings.  Also be on the lookout for a fun summer calendar that will include multiple islands in The Bahamas.

To keep up to date on exciting events and new products visit CWS’ website at www.cwsbahamas.com and follow-on social media at @caribbeanwinesandspirits.

 

Continue Reading

FIND US ON FACEBOOK

TRENDING