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News from the Turks and Caicos Islands:





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British Airways to operate second weekly service to TCI

March 5, 2015
British Airways will be increasing flight services from London Gatwick to Providenciales in the Turks and Caicos Islands (TCI) by an additional flight per week commencing 29 October 2015. The service will operate on a Thursday, via Antigua, using a three-class Boeing 777 aircraft.

TCI fastest growing tourism destination in the Caribbean

March 5, 2015
TCI fastest growing tourism destination in the Caribbean The Turks and Caicos Islands (TCI) poised itself as the fastest-growing tourism destination in the wider Caribbean region in 2014. The destination recorded its largest number of both cruise passenger and stop-over arrivals yet and saw the most growth in stop-over arrivals of all Caribbean destinations.

TCI moves permanently to Atlantic Standard Time

March 5, 2015
When the Turks and Caicos Islands (TCI) moves its clocks forward on hour on Sunday, 8 March 2015, it will be for the last time – from then on the territory will observe Atlantic Standard Time (AST) rather than Eastern Standard Time (EST).

European Union confirms nearly $30 million for TCI

March 4, 2015
European Union confirms nearly $30 million for TCI The Turks and Caicos Islands (TCI) had nearly US$30 million (€25.6m) of European cash to support its education and business sectors confirmed at the EU’s recent Overseas Countries and Territories (EUOCT) event on 24-26 February 2015. “We can now reveal that the TCI...

Regional bond market impressed by TCI turnaround

March 4, 2015
Major players in the Caribbean regional debt market were impressed by the turnaround in the public finances of the Turks and Caicos Islands (TCI), during a roadshow in Trinidad and Tobago. Ahead of the TCI government refinancing around US$70 milllion of debt in February 2016...

Retain strengths and resist tampering, says governor

February 26, 2015
Retain strengths and resist tampering, says governor Governor of the Turks and Caicos Islands (TCI), Peter Beckingham, spoke on Monday to a workshop arranged by the Governor’s Office in association with the Public Accounts Committee (PAC), chaired by the leader of the opposition, Sharlene Cartwright-Robinson.

TCI back in the sovereign bond market

February 26, 2015
Caribbean regional bond market institutions will discover a new investment opportunity in the Turks and Caicos Islands (TCI) during a financial roadshow beginning in Trinidad and Tobago on Wednesday. TCI ministry of finance acting permanent secretary, Shonia Thomas-Been...

TCI residents can now access superfast broadband

February 25, 2015
Superfast broadband speed of up to 48Mbps, which can be as much as six times the speed customers previously enjoyed, is now available in Anguilla and Turks and Caicos Islands (TCI). A network upgrade from regional telecoms provider LIME has facilitated the new service.

TCI deep water port disguised as multimillion-dollar sand tender

February 14, 2015
TCI deep water port disguised as multimillion-dollar sand tender A twice delayed Turks and Caicos Islands (TCI) government approved sand mining tender (one of two) is now being perceived locally as having a disguised motive of creating a deep water port at the same time. The proposed works would permit the use of much deeper draft vessels to call on the islands.

Bank leak reveals billions from Caribbean stashed in Switzerland

February 12, 2015
Bank leak reveals billions from Caribbean stashed in Switzerland The International Consortium of Investigative Journalists released a report this week revealing billions of dollars held in nearly 60,000 internal Swiss bank documents from 2006 to 2007 leaked by whistleblower Hervé Falciani, a former employee of HSBC in Switzerland.

New TCI political party may include alliance of former chief ministers

February 12, 2015
New TCI political party may include alliance of former chief ministers Oswald Skippings, who twice served as chief minister of the Turks and Caicos Islands (TCI) has now severed ties with the opposition Peoples Democratic Movement (PDM) and will form a new party called the Progressive Democratic Alliance (PDA) that may result in an alliance with disgraced...

Britain's Labour Party leader hopelessly out of touch, says Cayman attorney

February 11, 2015
Britain's Labour Party leader hopelessly out of touch, says Cayman attorney The chairman of the Cayman Islands Stock Exchange, local attorney at law Anthony Travers, has accused UK Labour Party leader Ed Miliband of being hopelessly out of touch in relation to international tax avoidance. Travers’ comments follow a letter from Miliband to the leaders of Britain’s Overseas Territories.

British overseas 'tax havens' warned ahead of general election

February 9, 2015
British overseas 'tax havens' warned ahead of general election A Labour government would push for UK overseas territories to be put on an international blacklist if they refuse to co-operate with a drive against tax avoidance, Labour Party leader Ed Miliband has told them ahead of general elections in Britain in May. In a letter to the leaders of British Overseas Territories...

Real estate sales tax and accommodation tax revenue boost TCI budget

February 6, 2015
Real estate sales tax and accommodation tax revenue boost TCI budget The economy of the Turks and Caicos Islands (TCI) turned in another record breaking third quarter with an actual surplus up 75 percent over budget. Real estate and accommodation tax accounted for the bulk of this growth due to an apparent resurgence of new money into the TCI economy.

Two men ferrying boat from TCI rescued from remote Bahamas island

January 29, 2015
Two men ferrying boat from TCI rescued from remote Bahamas island Two stranded men are safe after the US Coast Guard rescued them off an island in The Bahamas on Tuesday afternoon. Coast Guard 7th District watchstanders received a request for assistance from the Royal Bahamas Defence Force to rescue two US citizens from a remote island.

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