LIAT AND MILLIONS LOST FOR SKN….
LIAT AND MILLIONS LOST FOR SKN BY CCM AND TEAM UNITY INCOMPETENCE
The island of Nevis under the CCM-led government is teetering inexorably on the precipice of failed-State status. All of the economic indicators point directly downward including the main economic engines of tourism, construction and financial services. The country’s main engine of growth, the Citizenship by Investment program (CBI) has stalled completely.
Having stopped flying into Nevis’ Vance W. Amory International Airport late last year, LIAT has announced it will no longer operate its five-weekly flights from St. Kitts’ Robert L. Bradshaw International Airport to St. Croix and St. Thomas “as part of its efforts to achieve greater profitability and improve efficiency.”
LIAT stops servicing St. Croix from St. Kitts beginning March 1 and ends flights to St Thomas from St. Kitts on June 14, 2017.
LIAT’S aim is to stop serving countries that hurt its bottom line and St. Kitts and Nevis is obvious one such country.
But where is the Minister of Aviation in this devastating event? Not a word to be heard from Mark Brantley who doubles as the tourism minister for Nevis? What really is Brantley’s role as Aviation Minister? Was he given this portfolio by Timothy Harris as symbolic gesture, or as a joke? Brantley is busy making himself the laughing stock of the region. He has failed miserably in Nevis government where his only achievement was to add a room on to the existing morgue at the Nevis hospital
In fact, Brantley’s only claim to an achievement in this portfolio is that he can be seen in WIN Air’s in-flight magazine ‘designating’ WINAIR as the airline for St. Kitts and Nevis- when WIN Air’s hob is already St. Maarten!
It is clearly obvious that the failures of the CCM and Unity governments are as a result of the inability of ministers such as Mark Brantley who are simply not able to carry out the tasks delegated to them.
And while Nevis is in an unbelievable state of economic malaise the island of St. Kitts is not far behind. Unemployment is on the rise and productivity has significantly dropped. St. Kitts and Nevis has recorded its worst decline in goods exported to the United States in the first 11 months of 2016 compared to the same period for the last in six years.
According to the foreign trade statistics issued by the US Census Bureau, goods and services exported to the United States between January and November 2016, were valued at US$45.7 million (EC$123.3 million) compared to US$53 million or (EC$143.1 million) in 2015 and US$51.9 million or EC$140.1 million in 2014) for the same 11 month period.
Goods and services exported to the United States for the 11 month period in 2013 were valued at US$49.1 million (EC$137.5 million); US$52.3 million (EC$141.2 million) in 2012; US$49.9 million (EC$134.7 million) in 2011; US$46.2 million (EC$124.2 million) in 2010 and US$45 million (EC$121.5 million) in 2009.
With the demise of the CBI, Financial Services is also on the decline in the Federation. In Nevis new offshore registrations have fallen from over 7600 in 2013 to under 2000 in 2016.
Against the backdrop of reckless, ignorant and downright stupid statements about the financial service involved with citizenships and passports, uttered by the now ruling Team Unity government while in Opposition and seeking to grab power, the SIDF and the CBI have crashed.
Now they are in power, they cannot really handle the situation which is of their own making. Hence what Dr. Harris and his Team Unity have sown (in opposition) is what they are now reaping in government.
Up until the end of 2014, the Sugar Industry Diversification Foundation Citizenship By Investment Program supported economic diversification in St. Kitts and Nevis. It supported training and allowed hundreds of young people to acquire skills and also ensured that persons who have been desirous of owning their own homes, but who did not have the necessary support capital to initiate mortgages with financial institutions were able to do so. It supported a number of small businesses. It supported small enterprises that are starting from scratch and others which through the Small Enterprise Assistance Fund were able to expand their businesses.
Leave a Comment
You must be logged in to post a comment.