Island Financial

Island Financial (1547)

PHILIPSBURG, St. Maarten - This month is Rotary’s economic and community development Month. The Rotary club of St. Martin Sunrise held a dialogue session with it’s members on what they think should be done to boost the club’s contribution towards our island. Some great ideas came out.

Some suggestions emanating from the conversations made the members realize that the best ways to give back to the community is through the children and young adults. One very Innovative idea was to start a version of Shark Tank program on the island. This basically means having competitions and let those who have new innovative and creative ideas and good at creating things that are not in the market to be helped and guided to make their dreams a reality. This will be done and coordinated with the help of other businesses and members of the Rotary Club of St. Martin sunrise with experiences in those fields. After all many Rotarians in the community bring a wealth of knowledge and experiences. Why don’t we apply these skills and knowledge for the benefits of the young people and start up entrepreneurs, the members questioned.

DUTCH CARIBBEAN - On October 3rd and 4th the Ministry of Economic Affairs, in cooperation with the Dutch Elasmobranch Society, organized an expert meeting on the management of sharks and rays in the Dutch Caribbean on the island of Bonaire at which more than 25 people from science, policy, fishermen, NGOs, control and enforcement participated.

The goal of the workshop was to develop innovative ways to reduce unintended mortality for sharks and rays in the recently designated Yarari shark sanctuary. The outcome will be presented as an advisory to government who will develop a management plan for sharks and rays in the Caribbean Netherlands.

Sharks are essential to a healthy marine ecosystem, being apex predators and forming an integral part of the complex marine food web. Their specific life history characteristics, which include slow growth, late age at maturity, and the production of few young, make them vulnerable to fishing pressure and loss of habitat, and they are slow to recover from population depletion.

TORTOLA, British Virgin Islands,  The Chief Executive Officer of regional bank CIBC FirstCaribbean says the bank’s ability to grow and remain profitable hangs squarely on how it responds to the needs of its customers in the BVI and across the region.

Mr. Gary Brown, who took over leadership of the bank in January this year, was speaking to bank staff during a town hall meeting where he reiterated the bank’s mission to deliver the best banking service and support for its clients. 

“Our mission to satisfy our customers and help them achieve what matters to them is dependent on our ability as individuals and as a team to perform our daily tasks with excellence and enthusiasm,” he said.

PHILIPSBURG, St. Maarten - The Board of the Supervisory Council of the St. Maarten Tourism Authority (STA) has taken note of the press releases issued by the office of the Minister of Tourism, Economic Affairs, Transport and Telecommunication on the “selection and appointment” of Rolando Brison as Interim Director of the STA.

Following the placement of the advertisement for the vacancy of the Interim Director position, earlier this year, the Supervisory Council of the STA was requested, by the current Minister, to be on the selection committee. The Supervisory Council did exactly so and offered its evaluation of all candidates, following the interviews. It should be mentioned however, that not all six members of the selection committee independently scored Brison highest, as has been reported in the press releases. It was furthermore agreed, by the selection committee, that the top three candidates were to be vetted after which a final decision would be made. Nonetheless, an offer was presented to Rolando Brison by the Minister prior to any vetting process.

ST. EUSTATIUS - The Public Entity of St. Eustatius is inviting the General Public to a Town Hall Meeting on Thursday October 27th from .7.30 pm – 9.30 pm at the Ernest van Putten Youth Center (aka. Lions Den). The purpose of this meeting is to continue informing the general public of the ongoing financial developments within the government Administration.

We have presented you a few weeks ago with a preliminary view of our Finances and we promised to come back with the final document. The Government of St. Eustatius is committed to strengthening the financial and administrative aspect of the Pre-luminary supervision. It is our objective to inform you of the progress made.

ST. KITTS - The Developers of St.Kitts-Nevis’ first Affordable Luxury Home Development Cane Grove,  have released a list of some 34 minimum Key Features and Finishes  for every home that will be constructed on the much anticipated new development.

These 34 minimum features were carefully included on designs to not only enhance visual appeal but also ensure functionality, practicality and absolute comfort of the new modern “millenials”  and professional family.

BRIDGETOWN, Barbados – President of the Barbados-based Caribbean Development Bank (CDB), Dr Warren Smith, is warning the Barbados government that it needs to deal urgently with the island’s worsening debt situation.

WILLEMSTAD, Curacao - On Wednesday, October 12, 2016, there will be a sinking bond issue on behalf of the country of Sint Maarten.

NEW YORK, NY - Caribbean leaders need to throw out the old play book, and think big - beyond the status quo.

PHILIPSBURG, St. Maarten - The development with the President of the Central Bank of Curacao and St. Maarten Emsley Tromp is having its effects on the finical sector of the islands.

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