St. Kitts – Nevis Supports Finacial Services Sector

Fidela Clarke

Fidela Clarke
Photo by Erasmus Williams

Basseterre, Saint Kitts – Nevis
April 8, 2008 (CUOPM)

Although significant achievements have been made in the regulation of the St. Kitts and Nevis Financial Services sector since the removal of the twin-island Federation from the OECD and FATF Blacklists, several measures are to be taken to ensure a favourable assessment later this year.

Financial Secretary, Mrs. Janet Harris and Director General/Regulator of the St. Kitts Financial Services, Ms. Fidela Clarke, informed the St. Kitts and Nevis Cabinet on Monday of areas which demand immediate attention that fall within the remit of various government agencies including the Legal Department, the Financial Services Commission, the Financial Intelligence Unit, the Office of the Director of Public Prosecutions (DPP), the Customs and Excise Department, and the Police Department if Saint Kitts and Nevis is to achieve a favourable assessment.

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St. Kitts – Nevis Removes Tax On Some Food Items

Basseterre, Saint Kitts – Nevis
April 8, 2008 (CUOPM)

Consumers in St. Kitts and Nevis will now be paying less for 10 items ranging from canned foods to corn flakes and pampers.

The St. Kitts – Nevis Government on Monday ordered the removal of consumption tax to reduce the cost of living on several food items and pampers.

Minister of State for Information, Sen. the Hon. Nigel Carty said Cabinet removed the consumption tax on chicken, cheese, pasta, canned corn beef, Raisin bran corn flakes, sardines, soyabean oil, tinned tuna, Vienna sausage, margarine, tomato ketchup and diapers for babies and adults.

“The consumption tax usually applied to these products ranges from 15% to 22.5%, hence the removal of the consumption tax will yield significant savings for consumers. Some of these items will also very shortly be subjected to a further reduction in price through the removal of another tax called the CET or the Common External Tariff,” said Minister Carty.

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West Indies Name Squad For One Day Digicel Tourney

Port Of Spain, Trinidad April 07, 2008 The West Indies cricket selectors have named 16 players for the three-match Digicel One-Day International Series against Sri Lanka.   From the 13-man unit picked for the second Test his past weekend, spinner …

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Nevis Adopts Legislation To Govern Geothermal Energy

Charlestown, Nevis
April 7, 2008

With renewable energy to become a reality in Nevis, the Nevis Island Administration (NIA) has embarked upon putting the legislative legal framework in place to govern the area of renewable energy to be adopted by the NIA. Legal Advisor to the NIA Mr. Patrice Nisbett made the remark during a press conference held at the Conference Room of the Administration Building in Charlestown, on April 4, 2008.
 
“As the Legal Advisor and the person responsible for the legislative agenda and for drafting legislations in Nevis, we are here this week working along with two gentlemen from the Organization of American States (OAS) and the United Nations Industrial Development Organization (UNIDO) to finalize what would be the best piece of legislation that would be enshrined in the law and subsequently set out the Legislative Framework for which Geothermal Energy would be governed,” Mr. Nisbett said.
 
According to the Legal Advisor, the natural consequence of what is contained in the relevant legislation would address license, permits and concessions. He also said models related to purchase agreements were also looked at, which would be amendable to both the provider of the electricity and the buyers of the electricity.

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Carlisle Powell Clears Air On OAS Issue

Junior Minister Carlisle Powell

Junior Minister Carlisle Powell

Charlestown, Nevis
April 7, 2008

Junior Minister responsible for Works, Public Utilities, Natural Resources and the Environment Hon. Carlisle Powell cleared suspicions that the Nevis Reformation Party led Nevis Island Administration (NIA) had abandoned the services of the Organization of American States (OAS). Minister Powell made the announcement during a Press Conference held to update the media of the NIA’s move to embark upon putting proper legislations in place to govern Nevis’ Geothermal Energy resources.
 
“I know there were attempts made to mislead the general public to suggest that the NIA through the NRP in office had dismissed the services of the OAS, which had been used for Nevis, for some time. On the outset, I just want to clear the air and say the OAS continues to work with us and has assisted us in every turn to ensure that we were able to move the project forward properly. It was for this reason why we have the very able assistance of these two tireless workers,” Mr. Powell said.
 
Minister Powell said the OAS services secured by the NIA [over the past week] of Mr. Kevin De Cuba and the United Nations Industrial Development Organization (UNIDO) Mr. John Armstrong, were efficiently used during their one week working period on the island. He also added they made certain all of the legislations were in place for Purchase Agreements for the geothermal project to continue being useful to the people of Nevis, to help reduce the cost of living on the island.

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