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News from the Turks and Caicos Islands:



Budget claims of expanded economy yet to materialize, say local businessmen

April 15, 2015
Budget claims of expanded economy yet to materialize, say local businessmen Premier Rufus Ewing and Finance Minister Washington Misick are both claiming that increased Turks and Caicos Islands (TCI) government revenues reflect growth in the economy but local businessmen are claiming that it only represents increased taxation on an already overburdened and...

Caribbean trader mentoring programme launches in TCI

April 3, 2015
The Institute of Trading and Portfolio Management on Thursday announced new three and six-month Caribbean trader mentoring programmes that start in the Turks and Caicos Islands (TCI) in July 2015 and will be exclusive to 16 participants every six months. The Institute's three and...

St Lucia company brings board governance training to TCI

April 1, 2015
St Lucia company brings board governance training to TCI Last year, the Saint Lucia-based Caribbean Governance Training Institute (CGTI) introduced a certification program called the Chartered Director (C.Dir) qualification, involving an optional three-hour exam based on a three-day course covering all aspects of board governance. In mid-March, CGTI took the C.Dir training...

Disproportionate impaired loans in the Caribbean weighing down Canadian banks

March 4, 2015
 As the extent of the damage suffered by Canadian banks in the Caribbean comes more clearly into focus, so too does the role the misfortunes of the region’s hospitality industry played in inflicting that damage, and so too does the question of how much is too much.

Let's Talk Business: Are you a small business owner social media skeptic?

March 4, 2015
Let's Talk Business: Are you a small business owner social media skeptic? I’ve often heard some skeptical small business owners speak of how they despise social media, especially Facebook. They go on about how their business would not benefit from social media networking. Some proclaim that they rarely even use the Internet, except for accessing their email of course.

Jamaican companies gear up for trade mission to TCI

January 17, 2015
The Jamaica Exporters’ Association (JEA), in partnership with the Jamaica Manufacturers Association (JMA), will be leading a delegation of local companies to participate in a trade mission to the Turks and Caicos Islands (TCI) from January 19 – 21, 2015.

FSC sponsors FATCA readiness assessment for TCI banks

April 14, 2014
The Financial Services Commission has retained the international accounting firm of Deloitte to conduct a Foreign Account Tax Compliance Act (FATCA) preparedness survey of the banking sector in TCI. In essence this survey will evaluate if banks in the TCI...

Small businesses expected to close

April 7, 2014
The numerous small mom and pop grocers, ice cream, hot dog and souvenir stands are expected to close as a direct result of new business licence fees, which will take effect in 90 days, according to local businesspersons. The smallest of these operations are now facing a cost of $650.

Governor's Business Advisory Group formed

April 7, 2014
A new group of leading Turks and Caicos business leaders have come together to form the Governor’s Business Advisory Group, it was announced by Governor Peter Beckingham on Thursday. The group, which will meet for the first time on 10 April 2014, will provide advice and guidance...

Digicel acquires WIV

April 3, 2014
Regional wireless telecoms provider Digicel, together with its local partner Telemedia, on Tuesday announced the acquisition of WIV Cable TV, which has been operating in the Turks and Caicos Islands for over 30 years, and its sister company TCT, which operates the TCExpress...

Premier denies business licence fee increases

March 17, 2014
Premier denies business licence fee increases Premier Rufus Ewing has asked the public to disregard a purported list of business licence fee increases recently published by a local newspaper. Ewing said that any new fees approved by Cabinet will be properly communicated to the general public by May 1, 2014, and implemented by July 1, 2014.

First 'protected cell companies' formed in TCI

January 31, 2014
The Financial Services Commission has announced the successful formation of two protected cell companies (PCCs). This is the first time since the Protected Cell Companies Ordinance (PCCO) came into effect on November 1, 2006, that PCCs have been formed and registered in the TCI.

Cutback by LIME is actually outsourcing

December 9, 2013
Cutbacks announced by LIME communications, which is the only landline phone and internet service in the Turks and Caicos Islands, are not in reality cutbacks, sources now report. “What is happening is that they (LIME) are now laying off about half of their staff and hiring contractors...

EU invests $15m in making TCI more business friendly

November 21, 2013
An agreement to invest $15 million of European Union (EU) cash into making the Turks and Caicos Islands government more business friendly was signed in Providenciales on Thursday. EU ambassador based in Jamaica, Paola Amadei, and acting governor of the TCI, Anya Williams...

Deputy Governor addresses captive insurance conference

November 21, 2013
Deputy Governor addresses captive insurance conference Last Friday, Deputy Governor Anya Williams challenged reinsurance experts gathered in the Turks and Caicos Islands (TCI) to grow their unique industry sector. The TCI is home to 5,800 registered captive insurance companies, of a global total of around 8,000. The sector is the Islands second largest...


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