Nevis News

Nevis news – local Nevis news, and regional Caribbean news.

St. Kitts – Nevis National Bank Earns EC$81m Profit In 2007

Basseterre, St. Kitts – Nevis
March 05, 2008 (CUOPM)
The indigenous St. Kitts – Nevis – Anguilla National Bank is reporting a net profit of EC$81 million in 2007 compared to EC$68 million in 2006.

Bank Chairman, Mr. Walford Gumbs in the Annual Report for 2007, released at the recent 37th Annual General Meeting, disclosed that total assets increased to EC$1,935,130,000 or 19.9 percent from EC$1,614,256,000 in 2006, while deposits grew from EC$1,141,913,000 in 2006 to EC$1,290,808,000 or 13 percent in 2007.

He said that the Bank’s loan portfolio increased by EC$132,886,000 or 15.7 percent to EC$979, 357,000 from EC$846,471,000 in 2006.

Mr. Gumbs said the achievements in the Bank’s operations during the year are extremely commendable as this performance surpassed budgetary estimates.

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Nevis Minister Supports Company Ordinance Bill legislation

Charlestown,Nevis
March 05, 2008

Minister of Land and Housing in the Nevis Island Administration (NIA) the Hon. Robelto Hector supported a Bill to amend the Company Ordinance of 1999, in a stated position made during the Nevis Island Assembly held on Thursday 28th February 2008.
 
Mr. Hector said he supported the Bill and was happy that the Mover of the Bill came before Parliament to seek support of his government ministers for stamp duties to be paid when shares are transferred.
 
The Bill as it stood required for amendments to be made to the 1999 Company Ordinance and Section 7 of the Amendment was used which showed where a $250 fee would be sought instead of the 1999 Bill that stipulated a $50 charged fee.

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Nevis Premier Holds Discussions With Fire Department

Charlestown, Nevis
March 05, 2008
Premier of Nevis, Hon. Joseph Parry met with eighteen employees of the Fire Department on Tuesday, February 26, 2008 in an effort to have open discussions on the Fire division’s needs, concerns, strengths and weaknesses.

The talks are a part of the Nevis Island Administration’s goal of forging a better relationship with the Fire Department and gaining solutions to any possible problems the officers may have.

The meeting of the Nevis Fire Service personnel and Premier Parry began with an introduction by the Fire Sub-Station Officer, Mr. David Stapleton, who welcomed the Premier and invited him to address the gathering.

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Nevis Premier Supports Switch To New Drivers License

Charlestown, Nevis
March 04, 2008

Premier of Nevis Hon. Joseph Parry encouraged Nevisians to switch to the new enhanced drivers license. He made the call moments after the Ms. Neva Manners Deputy Comptroller for the Inland Revenue Department issued him with the first card on the island, on Monday March 03, 2008, at the Department’s Charlestown office.
 
“I would like to encourage all Nevisians to get the new card. It is my understanding that it is time saving, it is only a matter of minutes and you get your card the same time rather than the next day. I also understand that it has some enhanced security features which would be of benefit to all the citizens who use it.

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Nevis Shows Support For Nevis Debate Team

Charlestown, Nevis
March 04, 2008

Premier of Nevis and Minister of Education in the Nevis Island Administration (NIA) Hon. Joseph Parry and Mrs. Parry showed their support for team Nevis during the 2008 Leeward Islands Debating Competition which concluded in St. Kitts at the Royal St. Kitts Hotel and Casino in Bird Rock, St. Kitts on March 02, 2008.
 
At the end of the two day contest which brought together contestants from Antigua, St. Kitts, Nevis, Montserrat and St. Maarten. Mr. Parry told the Department of Information that the NIA would continue to throw its support behind students and would make the necessary input to nurture and groom potential debaters who possessed good oratorical skills and demonstrated effective research prowess for future contests.
 
However, during Nevis’ short lived participation in the contest, Ms, Micaia Mills and Ms. Sachia Godet opposed the Moot “Vocational qualification is far more valuable than a university degree” against their opponent St. Maarten.

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