BASSETERRE St. Kitts – “ONE of the many beauties of the Caribbean investment infrastructure lies in its potential in the services sector..." Prime Minister Hon. Dr. Denzil Douglas said while giving the keynote address during the session “Investing in the Caribbean” on Wednesday (Oct. 26) a the Commonwealth Business Forum in Perth, Australia.
He told the hundreds of business persons in attendance that the Caribbean region presents several wonderful opportunities for investment not only in the traditional sectors but in new areas including tourism, international financial services, renewable sources of energy and ICT.
“But in a competitive global market place, the question which instinctively arises is ‘how do we as political leaders work in an integrated way to make sure that our countries maintain a competitive edge and remain attractive for investment, not only for its citizens and residents but also for foreign investors seeking ideal locations for business’?
In the region we have embarked on efforts to establish a region-wide investment agency to ensure that potential investors have a one-stop shop for information and access to the levers that will facilitate the establishment of a business.
- Some of the key ingredients include among others:
- a stable political climate;
- low crime rates;
- stable currency;
- good infrastructure;
- an efficient and effective legal system, and
- availability of a skilled and educated labor force,” said the Prime Minister.
Presented below is this week’s update on the Businesses in St. Kitts.
ECCB - Next Wednesday (Nov. 2) the Eastern Caribbean Central Bank (ECCB) will be hosting its 16th Annual Sir Arthur Lewis Memorial Lecture at the Sir Cecil Jacobs Auditorium at the ECCB Headquarters.
Dr Vaughan Lewis, Professor Emeritus, Institute of International Relations of the University of the West Indies, St Augustine campus, will share his perspectives on “CARICOM and the Caribbean in a Changing International Order”.
Next Wednesday (Nov. 2) ECCB will also be awarding commercial banks which operate within the Eastern Caribbean Currency Union (ECCU) for their outstanding contribution to the overall development and well-being of the citizens of the region, at the 2011 Best Corporate Citizen Awards Among ECCU Commercial Banks.
KAJOLA KRISTADA LTD. - The week kicked off on Sunday (Oct. 23) with a church service at the Wesley Methodist Church in Basseterre. On Monday (Oct. 24), Dr. Holness and Dr. Martin made an appearance at Kajola Kristada Ltd. and spoke to the staff about health safety.
Tuesday (Oct. 25) saw the employees receiving small tokens compliments the company, while the afternoon of Wednesday (Oct. 26) saw them saying poems, singing calypso, and dramatizing – all about safety.
The Kim Collins Highway was graced by the employees on Thursday (Oct. 27) during their health/safety walk while sporting their safety week t-shirts and today (Oct. 28), they had a healthy luncheon at the company.
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.
