Scotiabank has been named Bank of the Year 2016 in St. Kitts and Nevis by The Banker Magazine a Financial Times publication. This is first occasion the Bank has been recognized by the publication, in St. Kitts and Nevis.

“We are proud of this award because it is a reflection of the hard work of our employees and their focus on helping our customers become better off,” said Dave Ramsumair, local Country Head. We are proud to be known for our customer service and for delivering superior results for our shareholders.”

The Bank was this year recognized across the region with a significant number of Scotiabank operations being awarded.  In addition to St. Kitts and Nevis, Scotiabank was also named the Bank of the Year 2016 in Trinidad & Tobago, Belize, British Virgin Islands, Guyana, and Grenada.

The Banker selects winners based on their ability to deliver shareholder returns and gain strategic advantage. The magazine is the world’s longest running international banking magazine, recognized as a leading source of information on finance and investment around the globe. The Banker selects one winning bank for each of the 120 countries judges. Over 1,000 applications are collected and judges select winning banks based on which ones they believe have made the most progress over the past 12 months.

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Business, Local news, News

SEVEN BUSINESSES AWARDED ON THE EVE OF WORLD CONSUMER RIGHTS DAY 2017

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Seven local businesses were recognized for their generous donations and continuous support during the Department of Consumer Affairs World Consumer Rights Day (WCRD) Appreciation Ceremony on Tuesday, March 14. The ceremony was held in commemoration of WCRD, which is observed on March 15 annually.

The St. Kitts-Nevis-Anguilla National Bank, B&B Backhoe and Trucking Services, Kentucky Fried Chicken (KFC), Subway and Elco Ltd were awarded as sterling sponsors, while EK Supermarket in Sandy Point and Rams Supermarket on the Bay Road in Basseterre were awarded as consumer supermarkets 2017.

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Business, Regional News

Jamaican Condiment Manufacturer Gets Foot Back in Canadian Market

MANAGING DIRECTOR OF KING PEPPER, CHRISTINE WONG DISPLAYING KING PEPPER’S PRODUCTS LAST YEAR AT THE JAMBANA ONE WORLD FESTIVAL IN TORONTO, CANADA. THE DISPLAY WAS PART OF A JAMPRO TRADE MISSION TO CANADA TO PROMOTE JAMAICAN PRODUCTS FOR EXPORT.

KINGSTON, Jamaica, Thursday March 16, 2017 – Jamaican condiment and seasoning manufacturer King Pepper Products Ltd. has re-entered the Canadian market.

The company, which was joined by six other Jamaican manufacturers at a Jamaica Promotions Corporation (JAMPRO)-led trade mission to Canada last year, was able to secure a distributor for its Eaton’s line of products, and recently received its first container order to Canada.

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Business, International news

We Don’t Need the IMF – Yet, Barbados PM Declares

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Prime Minister Freundel Stuart dispelled the notion that Barbados was so poorly off that it had no other option.

BRIDGETOWN, Barbados, Thursday March 16, 2017 – The International Monetary Fund is not on the agenda of the Barbados Government, an adamant Prime Minister Freundel Stuart has declared.

On the heels of warnings from his predecessor Owen Arthur that the stressed economy urgently needs a helping hand from the Washington-based financial institution to stave off a $3.3 billion debt crisis, Stuart dispelled the notion that the island was so poorly off that it had no other option.

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Business, Regional News

Exxon Mobil Could Be First To Start Pumping Oil in Guyana Waters

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THE EXXON MOBIL RIG IN GUYANA’S WATERS.

GEORGETOWN, Guyana, Thursday March 16, 2017 – American oil giant Exxon Mobil Corporation is moving full steam ahead with plans to transform Guyana into a major oil producer.

In what industry experts call a rare occurrence in the industry, Exxon Mobil has asked the David Granger administration for a production licence to start pumping oil from the country’s seabed, less than five years after it discovered major oil finds.

Guyana Geology and Mines Commissioner Newell Dennison yesterday confirmed the application to the Associated Press, saying it would be the first time the small South American country has issued an oil and gas licence.

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