BASSETERRE St. Kitts – The International Monetary Fund (IMF), yesterday (July 28) said that the St. Kitts and Nevis economy is gradually recovering from a prolonged recession but fiscal imbalances and structural fragilities pose significant risks to the economic outlook.
A few days before, on July 23, President of the Chamber of Industry and Commerce (CIC), Michael Morton renewed the CIC’s call on the Government to stimulate the economy stating that if unsavoury features of certain cultures are brought here, the local private sector will not be able to compete and Government’s revenue will suffer.
Presented below is a short but very informative edition of the Weekly Business Update.
FASTCASH - FastCash (KN) Limited, a money lending company, opened its doors on July 25 to the St. Kitts market providing unsecured consumer loans of up to EC$8 000 for one year or less to qualifying applicants.
The FastCash model is based on applicants being fully employed for at least one year or more and with a reasonable expectation of continued employment.
LIME – LIME on July 27, presented the winner of their Old Phone Contest with a Blackberry 9780. The photo that was submitted by the winner was estimated to be about 100 years old.
The competition which ran for a little under a month had as one of its aims to highlight the evolution of the industry and how telephone equipment has evolved with it over the years.
Ocean’s Edge – The Cable Bay Hotel Company Ltd yesterday (July 28) launched the poolside residences at Ocean’s Edge Resort.
Residences with miniature pools, overlooking the ocean with beautiful scenery are now available.
Royal Beach Casino – The Royal Beach Casino will be hosting a special edition of their monthly Bingo Night with give-aways, large cash prizes and musical entertainment on Sunday (July 31).
Doors open at 7:00 p.m. and first game starts at 8:15 p.m. This event is open to the general public.
HTA – Starting at 3:30 p.m. today (July 29) the Hotel and Tourism Association is having a competition between the top Bartenders in St Kitts and Nevis. This event will be held in the Circus.
This is the end of this week’s Business Update. If you are interested in having your information featured in our weekly article, be sure it is emailed to editor@sknvibes.com
