Nevis, West Indies. ?A Non-Tourist-Trap? Blog About Nevis.

St. Kitts-Nevis-Anguilla National Bank Choir
Photo By Erasmus Williams

Basseterre, St. Kitts – Nevis
February 18, 2011 (CUOPM)

The St. Kitts-Nevis-Anguilla National Bank has a rich history steeped in the idea of people development, and as such, has played an important role in the development of the twin-island Federation.

“It has forged a productive mix of Public Sector-Private Sector support that has had profound impact on the socio-economic grow and development,” said St. Kitts and Nevis’ Prime Minister Hon. Dr. Denzil L. Douglas in brief remarks at a church service to mark the 40th anniversary of the local financial institution.

Dr. Douglas, also the Minister of Finance paid tribute to the founders of what began as a penny bank.

“We must make note of the founders of what is today National Bank. They were men of great commitment, understanding and vision who, with much effort and belief in what they were doing, laid the foundation of a fine and progressive financial institution. It was not always easy. In fact, there were significant challenges, and the good of the bank prevailed for the good of the people,” said Dr. Douglas.

He pointed out to the congregation that the bank is now operating in a financial environment that is far different than it was in its early days.

“Regardless, there is no end to challenges, but we can be confident that the St. Kitts-Nevis-Anguilla National Bank is in the hands of responsible staff and management, and that the public can have a high level of confidence in the institution,” said the Prime Minister who thanked “past and present members of the Board of Directors, management and staff for steadfast contribution to the excellent position the Bank enjoys today. In this regard, it would be remiss of me if I were not to mention the yeoman service provided by Sir Edmund Lawrence, who has been an anchor in the developmental processes of National Bank.”

He extended his best wishes for a continuing bright future, and its continuing contribution to the development of the people and of the nation of St. Kitts and Nevis.

Other attending the church service at the Wesley Methodist Church included Ministers of Government, members of Parliament, shareholders, customers, various sports organizations and the Board of Directors and staff of the Bank’s subsidiaries who were richly blessed in song.

The National Bank Chorale electrified the congregation with its soulful rendition of O Give Thanks by Hezekiah Walker and Total Praise by Richard Smallwood, moving the audience to a standing ovation as they gave thanks and praise to God for his blessings over the years.

The officiating clergy were Rev. Dr. Wycherley Gumbs Superintendant of the St. Kitts Circuit of the Methodist Church, Rev. Nasel Ephraim, President of the St. Kitts Christian Council, Rev. Joyce Rohan, Methodist Minister, and Bishop Ron Collins, President of the St. Kitts Evangelical Association.

Related posts:

1. St. Kitts – Nevis National Bank Earns EC$81m Profit In 2007
2. St. Kitts – Nevis National Bank Reports $50 Million Profit For 2009
3. National Bank Shareholders Receive EC$15m In Dividends
4. St. Kitts – Nevis PM Praised For Security Role Position
5. National Bank donates To Nevis Culturama festival

TDC Pharmacy – St. Kitts – Nevis

Charlestown, Nevis
January 12, 2011

A show of investor confidence in the sitting Nevis Island Administration manifested itself on Monday, when local investors the TDC Group of Companies opened its City Drug Store 2011 (NEVIS) Ltd. on Nevis.

Minister responsible for Trade and Industry on Nevis Hon. Dwight Cozier, who also serves as Chairman of the Nevis Investment and Promotion Agency was on hand for the occasion. He welcomed the new facility and described it as a sound endorsement in the business initiatives offered by the Administration.

“The fact that City Drug Store is now in Nevis is a sound endorsement of the initiatives in small business development and business development on a whole that the Nevis Island Administration has implemented over the past four years,” he said.

As Mr. Cozier welcomed the new business, he also had words of encouragement to other pharmacies that had provided service to the people of Nevis over the years and urged them to view the new drug store as one that would help develop their businesses in a positive manner.

“I am one that believes that competition does not have to be a bad thing. I just want to extend these words to the owners and managers of those drug stores to look at this new venture in a positive way and to see where they can exploit opportunities, see where they can emulate if possible and increase their competition so that they can compete in this market,” he said.

Notwithstanding, the Minister pointed to what he described as some challenging years for the NIA but held the view that it’s new venture into 2011 based on the Budget tabled in the Nevis Island Assembly in December spoke to a number of business developments that would take place in Charlestown.

“We will be starting the demolition process right next door which will see the creation of some 25 boutique shops placed alongside the Waterfront. So you are well placed Mr. Morton [Director TDC] and I believe that in the few months that we are anticipating down the road, we will see an explosion of business activity right here in Charlestown which you and your staff will be able to benefit from,” he said.

Meantime, in response Mr. Morton thanked the NIA for facilitating the Company and its encouragement to expand its business affairs on Nevis.

He explained that about EC$1.5million was invested in the new facility and it formed part of the redevelopment of the TDC Plaza in Charlestown. However, Mr. Morton noted that more could be expected and plans were afoot for more renovation work on the western side of the property’s ground floor.

“Upstairs we are also redeveloping and providing office space for rent as well as for internal use. This all indicates that we are investing substantial sums in Nevis at this particular time and we are doing so in anticipation of the continued growth and development that we anticipate here.

“As you mentioned you are about to undertake the redevelopment of some property here in Charlestown, we want to be part of that process. This growth and this continued economic move, is dependent on both public and private sector. Hence, we are happy to partner with your Administration and to bring meaningful development to the people of St. Kitts and Nevis,” he said.

According to Mr. Morton, the planned developments in Charlestown afforded TDC the opportunity to expand and improve its facilities and also allow growth amongst staff. He announced the Company’s decision to appoint Nevisian Mr. Laughton Herbert to the position of Manager of the new facility and noted that the move was a demonstration by TDC that people who showed potential were given the opportunity and those who worked hard and remained committed were rewarded.

“A perfect example of this is the promotion today of Mr. Laughton Herbert who is himself a Michael King Scholarship holder having been awarded a scholarship to pursue tertiary education at University level and now back having served his apprenticeship under the capable leadership of Mr. Andrew Merchant.

“He has now been given the task of leading this particular department and we have every confidence that he and his staff will make a significant contribution to the development of our business unit here at City Drug Store 2011 Limited,” he said.

Mr. Morton gave the assurance that his Company would continue to invest with continued support from the government and people of Nevis and in that partnership they were prepared to give back as they received.

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2. Nevis Premier Parry Presents A Budget Of Confidence
3. Nevis & All Things Caribbean Store
4. Nevis Police Wrestle With Illegal Drug Problem
5. Nevis Still Has Major Concerns With Drug Crime

Nevis Energy Minister – Carlisle Powell

Charlestown, Nevis
November 08, 2010

Minister responsible for Renewable Energy and the Environment in the Nevis Island Administration (NIA) Hon. Carlisle Powell urged Barbadian Businessmen to take hold of the many investment opportunities available in green technology.

Mr. Powell made the call when he delivered an address at the International Business Week Conference of the Barbados International Business Association (BIBA) in Barbados on Friday October 29, 2010.

He said the time had come for people of the Caribbean to reorient their thinking and to recognise that products should be designed to serve from the cradle to the grave and not the cradle to the landfill.

The Nevis Minister added that the region was well positioned for major investments in business that offered alternative fuels for the growing transportation vehicles and for environmentally friendly vehicles. He pointed to North America, Europe and Brazil who he said had began to utilise used tyres for other useful projects.

“They are recycling old tyres and using them to make artificial reefs. They use old tyres to help with soil stabilisation and interestingly, they are recycling the old tyres and using the product to pave roads, parking lots, basketball courts etc.

“We will always have old tyres; we will always have roads to repair and new roads to build. Here is a business opportunity for an investor who is willing to keep the tyres rolling,” he said.

According to Mr. Powell, it was a known fact that the region’s business and political leaders had been slow to embrace alternative sources of energy and new technology, which offered viable business opportunities.

However, the oil crisis had gotten investors increasingly interested in wind energy projects but he questioned the region’s political will to deliver and the social and economic pressure to deliver cheaper energy.

“Ethanol has proved highly successful in Brazil; yet in CARICOM, only Jamaica has mandated the 10percent ethanol fuel mix. Further, with the exception of the wind farms in Nevis and Jamaica and ethanol in Jamaica, which other CARICOM nation has introduced any new sources of alternative energy?” he stated.

Mr. Powell also pointed to the issue of climate change, which in his view would impact international business completion and cause investors to think double green (cash and the environment).

He spoke of the United Nations Millennium Development goal #7 which addressed Environmental Stability and the islands of the Caribbean which would be adversely affected by increased temperatures and rising sea levels.

The Nevis Minister noted that while industrialised countries remained the worst polluters, the small island developing states of the Caribbean whose carbon emissions were miniscule, were not immune to calls to reduce their carbon footprint.

Therefore, due to environmental concerns, aggressive and positive public relations connected with involvement in green technologies, major companies inclusive of oil companies would invest in green technology and it would bring fierce competition.

Related posts:

1. Green Energy Will Be Good For Nevis Economy
2. Nevis Energy Minister Praises Renewable Energy Policy
3. Earth Day and Nevis’ Green Energy Program
4. Nevis Government To Officially Open Maddens Wind Farm
5. Barbados PM Says “Caribbean Must Get A Grip”