Nevis News

Basseterre, St. Kitts – Nevis
December 21, 2007

As a result of an agreement successfully negotiated by the Government, 150 young people are active and working at a Call Centre operating out of the structure once designated as Caribbean Star’s headquarters.

This was stressed by Prime Minister the Honourable Dr. Denzil Douglas during his December 11 Budget Address where he added that another 100 persons would be employed in the near future.

“I am really happy to see how many young people have found employment at the International Market Access-operated Call Centre. We have really benefited from the training,” exclaimed Regicia Thomas, one of the current employees.

Minister of State for Information the Honourable Nigel Carty was also pleased to report that the Government had reclaimed six of the 17 acres of land that were sold in 2003.

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Basseterre, St. Kitts – Nevis
December 20, 2007 (CUOPM)

St. Kitts and Nevis‘ Commercial Banking Sector has grown into one of the major pillars that support the economic thrust of the twin-island Federation with total assets of EC$3.6 billion by August this year.

Prime Minister and Minister of Finance, Hon. Dr. Denzil L. Douglas said the tremendous growth witnessed over the years under his tenure is a true reflection of the success of the programmes of his governing St. Kitts – Nevis Labour Party Administration for poverty reduction and wealth creation as well as the efforts of the citizens in achieving financial security.

Dr. Douglas disclosed that at the end of December 2006, assets held by the Commercial Banking Sector have grown to EC$3.2 billion, which represents a 10 percent increase over the amount of EC$2.9 billion at the end of last year.

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Charlestown, Nevis
December 19, 2007

The Offshore Financial Services sector in Nevis continued to do well and Premier of Nevis and Minister with responsibility for Finance Hon. Joseph Parry, said the industry had  raked in $11million into the coffers of the Nevis Island Administration (NIA) for 2007, as of November 28. It represented a nine percent increase for the corresponding period in 2006.
 
Mr. Parry brought the matter to light during his 2008 Budget Address presentation, under the theme “Moving to a higher level of progress ““ People Empowerment”, at a sitting of the Nevis Island Assembly Chambers in Charlestown on Monday, December 17, 2007.
 
He explained that the industry was an important component in the Administration’s thrust for economic and social development and the sector contributed over 11 percent of the government’s revenue.

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Basseterre, St. Kitts – Nevis
December 18, 2007

Prime Minister Honourable Dr. Denzil Douglas revealed that one of the criteria for new hotel and tourism related facilities to receive duty and tax concessions is to regularly purchase locally produced agriculture and handicraft.

The Prime Minister said this during his 2008 Budget Presentation which took place December 11, 2007, under the theme “Strengthening human and social capital: Key elements in our economic transformation.”

He said that through the facilitation of the Ministry of Agriculture, there is already a Memorandum of Understanding (MOU) which was signed between the St. Kitts Farmer’s Cooperative Society Ltd. and the St. Kitts Marriott Resort for local farmers to supply fruits and vegetables on a regular basis.

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