Tag: Ministry of Finance

Permanent Secretary in the Ministry of Finance on Nevis Colin Dore

Consultation on the Economy yields positive results, Nevis Min. of Finance official says

NIA CHARLESTOWN NEVIS (SEPTEMBER 27, 2016) — An official of the Ministry of Finance in the Nevis Island Administration (NIA) says its 10th annual Consultation on the Economy with members of the private sector on September 22, 2016, at the Nevis Performing Arts Centre (NEPAC), has yielded positive results.

Permanent Secretary in the Ministry of Finance Colin Dore told the Department of Information on September 26, 2016, that the feedback from those present would assist the ministry with its 2017 budget.

“We think it went very well. We were very happy with the level of discussion during the one-day seminar, especially the afternoon session when we were able to hear from the bankers and we were able to hear from the active practitioners in the business sector.

“They gave us an insight into where they moved over the years and what are some of the challenges, what are some of the opportunities they see for themselves and so, we will seek to build on these things as we set out to now create our 2017 budget and continue to develop that environment for development,” he said.

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Office of the Ministry of Finance in the Nevis Island Administration

Nevis Ministry of Finance to host 10th Annual Consultation on the Economy

NIA CHARLESTOWN NEVIS (September 15, 2016) — The following is a press release from the Ministry of Finance, dated September 15, 2016, regarding the 10th Annual Consultation on the Economy.

The Nevis Island Administration (NIA), through the Ministry of Finance, will be hosting its 10th Annual Consultation on the Economy, at the Nevis Performing Arts Centre (NEPAC) on Thursday, September 22, 2016, from 9:00 a.m. to 4:30 p.m. The consultation will be hosted under the theme “A Revitalization of Skills Development and Entrepreneurship.”

The changing landscape of the global economy, provides a significant opportunity for countries such as St. Kitts and Nevis to capitalize on the expected transformation in industry, commerce and the social construct.

Capitalizing on these opportunities, will mean a paradigm shift in the way business is being conducted. In such an environment, skills training, retooling and lifelong learning will be the new normal in propelling individuals, businesses and countries forward. Moreover, it can be an impetus for small businesses and entrepreneurs to develop and thrive.

This year’s consultation is expected to provide the opportunity for discussions on these topics and more. The dialogue between the private sector, civil society and the public sector is ultimately aimed at advancing the socio economic conditions of the island.

The Feature Address will be delivered by the Premier of Nevis and Minister of Finance Hon. Vance Amory.

The Key Note Speaker will be Mr. Michael Morton JP, Former Executive Chairman of the T.D.C Group of Companies. Underpinning the importance of a vibrant and dynamic private sector, Mr. Morton, a lifelong private sector partner, would discuss his perspective on factors that facilitate the advancement of entrepreneurship and small businesses.

Other Speakers include Ms. Angela Rouse, Senior Examiner of the Banking and Supervision Division of the Eastern Caribbean Central Bank. She will provide an update concerning the issue of the withdrawal of correspondent international banking relationship for banks in the region.

Mrs. Euphemia Brice-Roberts of Brice Roberts Business Consulting Services. She will discuss the critical importance of ensuring that the skills necessary for tomorrow’s jobs are developed today and

Mr. Faron Lawrence of SKN Homes who will serve as the moderator for a panel discussion involving banking officials and small business owners. The banking officials are expected to expound on the role they are playing in financing small businesses whereas the small business owners will discuss their experience in starting and expanding their businesses.

Premier of Nevis Hon. Vance Amory delivering the feature address at the 9th Consultation on the Economy hosted by the Nevis Island Administration through the Ministry of Finance on September 24, 2015, at the Nevis Performing Arts Centre

Geothermal development still current; progressing steadily, says Nevis Finance Minister

NIA CHARLESTOWN NEVIS (September 25, 2015) — Premier of Nevis and Minister of Finance Hon. Vance Amory says the development of the island’s geothermal resource is still very current and progressing steadily.
 
Mr. Amory gave that assurance when he delivered the feature address at the 9th Consultation on the Economy hosted by the Nevis Island Administration through its Ministry of Finance onSeptember 24, 2015. It was held at the Nevis Performing Arts Centre under the theme “Framing the New Economy: Inspiring Human Progress and Economic Resilience.”
 
He said the recent memorandum of understanding between St. Kitts and a French Company to explore energy in St. Kitts did not mean that the move would be detrimental to Nevis as the island is two years ahead in terms of exploration.

(L-R) Permanent Secretary in the Ministry of Finance Colin Dore, Assistant Comptroller Customs Nevis Shane Hanley and Deputy Comptroller Cynric Carey at the Ministry of Finance on June 16, 2015

Senior Customs Officers on Nevis meet with Ministry of Finance.

NIA CHARLESTOWN NEVIS (JANUARY 16, 2015) — Senior officers of the Customs and Exercise Department on Nevis met with Premier and Minister of Finance Hon. Vance Amory and Permanent Secretary in the Ministry of Finance Colin Dore for a meeting ahead of the budget preparation for 2016. The session was held at the Ministry’s conference room on June 16, 2015.

According to Assistant Comptroller Shane Hanley, the meeting was called to provide a forum for the Ministry of Finance to participate more in the department’s planning strategy, to solicit support from the Ministry of Finance for resource requirements, to encourage transparency between both entities and to highlight the department’s deliverables for 2015.

He outlined the matters that were discussed, among them the strategic objectives of the Customs and Excise Department, Customs Risk Management Policy, Voluntary Compliance, Risk Management Implementation Plan 2015 and a Divisional Work Plan.

 

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