Economics, Local news, News

St. Kitts and Nevis, fifth in Nationality of Quality Index in the Caribbean, Antigua leads OECS

Published  28 April 2018

Buckie Got It, St. Kitts and Nevis News Source

 By: Media Source 
St. Kitts and Nevis, fifth in Nationality of Quality Index in the Caribbean, Antigua leads OECS

 Basseterre, St. Kitts, April 28, 2018Despite claims by St. Kitts and Nevis Prime Minister Dr. Timothy Harris that the Federation’s Platinum Citizenship by Investment Programme is Number one in the OECS, the latest Henley & Partners profile indicates that claim is false.

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Economics, Local news, News

Central Bank announces update on GDP terminology and data release and revision policy

Published 23 April 2018
Buckie Got It, St. Kitts and Nevis News Source

By: Media Source

Central Bank announces update on GDP terminology and data release and revision policy

Basseterre, St. Kitts, April 23, 2018 – The St. Kitts-based Eastern Caribbean Bank (ECCB) has announced that in keeping with international standards, it has updated the terminology used to describe economic activity in the Eastern Caribbean Currency Union (ECCU).

“Previously Gross Value Added (GVA) was quoted as the indicator of real change in the economy yet referenced as Gross Domestic Product (GDP). The two aggregates were used inter-changeably. GVA is the difference between Output (eg. Sales) and Intermediate Consumption (items used in the production process). It is calculated at the industry/producer level at basic prices. GDP is calculated at market prices, and is the sum of all Gross Values Added for all resident producers (industries) plus any taxes on products less any subsidies on products that are not already included in the valuation of output,” said a statement posted on the website of the Central Bank.

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Business, Economics, Local news, News

ECCB statistics highlight a tumbling St. Kitts and Nevis economy, Federation almost at the bottom

Published 23 July 2017

Buckie Got It, St. Kitts and Nevis News

ECCB statistics highlight a tumbling St. Kitts and Nevis economy, Federation almost at the bottom

BASSETERRE, ST.KITTS, JULY 21ST 2017 – Despite repeated statements by St. Kitts and Nevis’ Prime Minister and Minister of Finance, Dr. the Hon. Timothy Harris, of a robust and highly confident St. Kitts and Nevis economy, the Eastern Caribbean Central Bank (ECCB) is telling a different story.
The ECCB whose goal is to maintain the stability and integrity of the sub region’s currency and banking system for the second time this year revised downward its projected GDP for St. Kitts and Nevis for 2017 with a slight increase in economic activity for 2018.

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Business, Economics, Local news, News

New Chairman of Monetary Council said projected growthain ECCU in 2017 and 2018 will fall short of its target

Published 23 July 2017

Buckie Got It, St. Kitts and Nevis News

New Chairman of Monetary Council said projected growthain ECCU in 2017 and 2018 will fall short of its target

BASSETERRE, ST. KITTS, JULY 21ST 2017 – New chairman of the Monetary Council of the Eastern Caribbean Currency Union (ECCU), Dominica’s Prime Minister and Minister of Finance, the Hon. Roosevelt Skerritt has reiterated the Eastern Caribbean Central Bank (ECCB)’s move towards the socio-economic transformation of the economy in order to secure the future of the people of the region.

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Economics, International news, News, Sci/Tech, US/World

The summer solstice is upon us: 7 things to know about the longest day of the year

https://www.vox.com/science-and-health/2017/6/19/15832952/summer-solstice-2017 #

Published 21 June 2017

Buckie Got It, St. Kitts and Nevis.

The summer solstice is upon us: June 20th and the 21st will be the longest days of 2017 for anyone living north of the equator. If pagan rituals are your thing, this is probably a big moment for you. If not, the solstice is still pretty neat.

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