The Royal Bank of Canada is the latest international bank to pull up stakes and exit the Eastern Caribbean, the third such financial institution to do so in 2019. On Thursday (Dec 12) RBC issued a release announcing it has entered into definitive agreements to sell...
The 2020 budget estimates for the government of St. Kitts and Nevis were revealed on Thursday, and the government is proposing to spend almost $849 million dollars in the upcoming year. This represents a more than $100 million increase over the budgeted expenditure for 2019. Prime Minister...
St. Kitts’ new second cruise pier is still sitting idle weeks after the government claimed it had been completed, and according to social and political activist Dwyer Astaphan, with the pier not being operational, huge debts are being racked up with no revenue being generated. Dwyer...
The indigenous St. Kitts Nevis Anguilla National Bank is reporting another successful year of operations, with after tax profit of $52.3 million and a record payout of 15% dividend to shareholders compared to 10% in 2018. The bank held its annual general meeting on Monday. According...
Nevis may be looking at a fairer share of the revenue generated from the Citizenship By Investment program in 2020. According to a press release from the most recent meeting of the federal Cabinet, its members had discussions on the upcoming Budget and preparations for it,...