VOLUME 14 ISSUE 44

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NOVEMBER 2ND, 2018 – NOVEMBER 9TH, 2018

Website: www.suntci.com

Email: sun@suntci.com

VOLUME 14 - NO. 44

Tel: (649) 348-6838

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Fax: (649) 941-3281

www.facebook.com/tcisun

$52 MILLION SURPLUS by Hayden Boyce Publisher & Editor-in-Chief

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he Turks and Caicos Islands Government (TCIG) is reporting that the country’s fiscal and financial performance continues to improve, with an operating surplus of $52million recorded in the half-year report for 20182019. Delivering the status report in the House of Assembly on Monday, October 29th, 2018, Premier and Minister of Finance Hon. Sharlene Robinson said the $52.2 million surplus was $37.7 million or a 262% improvement from the $14.4 million that was projected for this period in the 2018-19 budget. She said that “better than expected revenue performance and lower than expected expenditure performance” are the contributing factors to the improvements. “If I was to summarize the performance of our local economy, I would say that despite all of the challenges we experienced as a country since last September, we have done well but we must work together to ensure that all which is forecasted going forward, is passed on to the people of the Turks and Caicos Islands,” the Premier stated. The Government will continue to provide value for money, an efficient and effective public service complemented by continued prudent expenditure management; as well as the strengthening of its revenue enhancement efforts in order to achieve further economic growth. Further explaining the country’s improvement, she said recurrent revenue was $156.7 million, which was $16 million above the budgeted forecast of $140.7 million and $26.4 million above the results of the same period last year.

FortisTCI employees serve across the Turks and Caicos Islands in Providenciales, Grand Turk, North Caicos, Middle Caicos South Caicos and Salt Cay. The company’s headquarters is based in Providenciales. (L to r from top): Providenciales staff, Grand Turk staff, North & Middle Caicos staff, South Caicos staff, and Salt Cay staff

FortisTCI Achieves Investor in People Silver Certification Under New Framework FortisTCI has been awarded Silver Certification against the Investors in People Standard and is one of the first companies in the region to achieve this international recognition under the new sixth-generation framework. The accreditation is valid through 2021

and demonstrates the commitment FortisTCI has to realizing the potential of its employees. FortisTCI is the electricity provider to the Turks and Caicos Islands operating in Providenciales, Grand Turk, South Caicos, North

Caicos, Middle Caicos, and Salt Cay. Since entering the TCI business market in 2006, Fortis has heavily invested in training and development programs and in creating a safe and healthy working environment for its employees.

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Continued on page 2 By Todeline Defralien

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race Bay Resorts Chief Operation Officer (COO) Nikheel Advani recently promoted the Turks and Caicos Islands and the Caribbean during an interview on the popular television programme, Fox Business ‘Morning with Maria’. Accompanied by Ovation Travel President Jack Ezon both spoke about the comeback of tourism in the Caribbean roughly a year after Hurricanes Irma and Maria. Commenting on the overall interview Advani told The SUN, “Together with top travel professionals like Jack Ezon President of Ovation Travel NY, having the opportunity to represent the Turks and Caicos Islands on a major USA network - Fox Business is really an honor and a privilege. These marketing efforts benefit all of us on these blessed Islands and it gives the Tourism Industry a great boost for the upcoming season.”

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Nikheel Advani promotes tourism in TCI and the Caribbean on FOX Business


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