BASSETERRE, St. Kitts – THE constant cries being put forward by small business owners in St. Kitts and Nevis are finally being heard to some degree as a tax concession “on transportation equipment for a small local business operating in the services sector” was approved by Cabinet.
A post cabinet briefing on Monday (Aug. 8) stated, “The small business sector is recognised as having the greatest potential for growth and employment creation...the Cabinet of Ministers approved the granting of tax concession on transportation equipment for a small local business operating in the services sector. The financial assistance to the small business concerned will assist it in improving quality of service and in serving an expanded clientele.”
Small business owners can now breathe a sigh of relief knowing that their protests have not fallen on deaf ears.
Presented below is the weekly Business Update.
CLICO - The Colonial Life Insurance Company (CLICO) is currently under an agreement to make payments of US$4.3M to the Bank of Nevis (BON) and its subsidiary, the Bank of Nevis International Limited (BONI), over a 15-month period.
The agreement followed legal action initiated by the financial institutions against the insurance company for the full repayment of all outstanding principal and interest payments on May 17, 2010.
ECCB – The Easter Caribbean Central Bank is gearing up for the upcoming Financial Information Month to be celebrated in October. Wednesday (Aug. 10), a meeting was held with representatives of the financial institutions and media personnel to discuss the activities to be held during the month.
The Central Bank has put together an exciting package for the month with fun-filled activities for all to enjoy and, of course, learn from.
The focus for this year’s FIM will be on the importance of building one’s savings as a critical foundation for financial strengthening, financial risk management and financial prosperity; hence the theme: ‘Grow Your Savings’.
LIME – LIME realises the love you have for spending, so they are offering you a chance to do just that. Get a chance to win EC$1 000 every Friday by just texting the word ‘CASH’ to 9696!
TAIWAN TECHNICAL MISSION – The Taiwanese Technical Mission in St. Kitts and Nevis is offering locals an opportunity to learn more about mangoes with an Agro-processing workshop that will be held next Friday (Aug. 19) from 9:00 a.m. to 3:00 p.m.
Learn how to prepare different appetisers using mangoes, and how to preserve them to enjoy throughout the entire year.
DIGICEL – The bigger, better network continues its 3:45 promotion where customers have the luxury of paying only 45 cents per minute on any local call after talking on their phone for just three minutes.
Customers can talk Digicel to Digicel, Digicel to landline and even Digicel to any other local mobile network. Just talk for three minutes and pay only 45 cents per minute after.
Digicel is also continuing their ‘Talk & Win Cash’ promotion where customers who talk for at least three minutes per day on one call qualify to win $2 000 weekly.
Digicel’s weekly cash giveaway will commence on July 15 on Digicel’s Entertainment Buzz from 2:30 p.m. to 3:00 p.m. on Freedom FM and alternates every Friday with Choice FM from 3:00 p.m. to 3:30 p.m.
Digicel’s Talk & Win CASH Promotion will run until Friday, September 2 with cash awarded to winners.
TDC GROUP OF COMPANIES - Participate in TDC’s ‘We Listened, You Save, You Win’ promotion for a chance to win EC$1 000.
To qualify, customers/clients who conduct business at the Home and Building Depots, Hire Purchase Departments, FINCO and the Automotive Division at a minimum of EC$100, become eligible and will receive an entry form for an opportunity to win the bi-monthly grand prize.
The promotion ends on December 31, 2011.
KVK ENTERPRISES - KVK Enterprises' Summer Camp 'Dare 2 Be Different' continues throughout the entire summer with courses on Computer, Art, Reading Readiness and Craft. Ongoing registration is available.
Parents/Guardians can also get their children's school bags embroidered with the child/children's name for just EC$20.
S L HORFORD’S & COMPANY LTD. - The Furniture and Appliances Department of S L Horford’s & Company Ltd. continues its cash back promotion where consumers will receive cash back coupons for free groceries with every Higher Purchase made.
Consumers will also be given a chance to win a free living room set, dining room set, bedroom set or a kitchen appliances package with every EC $100 spent. This promotion runs from June to December 2011.
There you have it for this week’s Business Update. If you are interested in having your information featured in our weekly articles, be sure it is emailed to editor@sknvibes.com.
