March Newsletter 2015 St. Maarten Chamber of Commerce & Industry (COCI) 11 C.A. Cannegieter Street, Philipsburg, St. Maarten Tel: (721) 542-3590/ 542-3595 Fax: 542-3512 www.chamberofcommerce.sx Mission: To promote and accelerate the economic growth by educating the newsletter@chamberofcommerce.sx business community and stimulating inward investment. Values: o Promoting the general interest of the business community in St. Maarten o Informing enterprises about doing business in and through St. Maarten o Keeping the Commercial Register and the Foundations Register o Issuing documentary evidence: certificates of origin, extracts, legalizations and other statements o Offering solicited and unsolicited advice to Government on matters concerning the economical development To access our Donation Policy:- W: www.chamberofcommerce.sx acebook: www.facebook.com/sxmcoci Empowering Young Entrepreneurs Contents Page 2 Board Attends CIBC Seminar Page 2 Launch of Complaint Box “Our mission as a Chamber is to help and guide our aspiring entrepreneurs to transform their great ideas, concepts and goals into a successful business venture in the future, Art Saves Lives Sumer Program and Entrepreneurship Workshop is a great example” stated President Brandon. Page 2 Board Member Profile Page 3-4Entrepreneur Spotlight Page 5 Exec Board Attends Trade Mission in Dom. Republic Page 6 Investing in Our Future Page 7 Courtesy Visits- Hon.Min. Claret Connor & CIBC’s Mr. W.Wright, Mr.T Peterson Page 8 Upcoming Events Students participating in this 2015 program will be offered a nurturing learning environment and be exposed to: communication, critical thinking, academics and creative development. In 2014, COCI’s generosity was extended to the Art Saves Lives Entrepreneurship Workshop students at the 2nd “Girls Night Out” event at the Maho Convention Center. They were able to showcase and sell their designs during the event. Board of Directors: Peggy Ann Brandon – President Stanley Lint- Vice President Anastacio Baker – Treasurer Charlise Philips – Assistant Treasurer Art Saves Lives Director Nicole deWeever (2nd from left) with aspiring entrepreneurs. Courtesy of Facebook. Sidharth “Cookie” Bijlani Louis Bute Pamela Annuska Illis-Friday Nzinga Lake Ajay Rawtani St. Maarten Chamber of Commerce & Industry March Newsletter 2015 Board Members Attend CIBC Financial Seminar On Wednesday 11th February, 2015, COCI board attended a Financial Seminar on “Accounting Advice for Better Business Management” hosted by CIBC First Caribbean Bank. The representatives of BDO group presented at this very informative session. We would like to take this opportunity to applaud CIBC First Caribbean for their approach in educating and providing the St. Maarten business community with the proper tools to help ensure L - R: The representatives of BDO , Mr. Judd ( Managing Director of fiscal discipline while launching new business activities. CIBC), Mr. Wright (Regional Director of Business Banking) next to the COCI Board members. Courtesy of Pete’s Photo. On Friday 20th March 2015, COCI President Peggy Ann Brandon, members of the Board and Operations Manager Ruth Patrick officially launched a Complaint/Suggestion Box. The purpose of this Complaint/Suggestion Box is to facilitate open communication for all Chamber stakeholders, be it externally or internally. Anonymous feedback, suggestions and grievances can be placed in the box during hours of operations, Monday -Friday 8:00 a.m. – 4:00 p.m. COCI encourages its members to make use of this excellent source of information sharing. Board Member Profile: Aliquam scelerisque sagittis erat. Sidharth “Cookie” Bijlani Sidharth ”Cookie” Bijlani is a consummate entrepreneur who has established three successful businesses on St. Maarten namely: Om Jewelers, Gemsland, and Dutch Delight and he take his ownership very seriously. As a member of the new wave of business owners on Frontstreet, Philipsburg, Cookie, as he is fondly called by everyone, tries his best to do everything within his powers to meet his customers’ shopping needs. Cookie’s affable and personable nature allows him to easily identify and satisfy his clients’ shopping needs. In addition to his business life, Cookie devotes his leisure time rendering services to the island’s wider community through his positive outlook and ambition as a member of the St. Maarten Chamber of Commerce and Industry’s Board of Directors, Treasurer of the Indian Merchants Association (IMA) and Treasurer of the Rotary Club.. In addition, he is past President of the Rotary Club St. Maarten Sunrise and past Director for Merchants on the Board of the SHTA. 2 St. Maarten Chamber of Commerce & Industry March Newsletter 2015 “Entrepreneur Spotlight” “Getting business is a hustle and there is little room for mistakes!” Entrepreneur: O. York Business Name: Blue Collar Construction N.V. Business Category: Construction / Contractors Established Since 2011 part is managing taxes and understanding the tax structure. Taxes must be paid but it takes up a lot of revenue. There are definitely struggles complying with the tax system. Tell me how you first got involved with Entrepreneurship? I attended high school in St. Maarten and studied in the Netherlands like most people my age. Eventually, I got a regular job working for the man and gained experience, however one day I just decided to do something on my own. My father had a construction company so I took it over and rebranded it. The best thing consisted of the opportunities given by clients, the relationship that develops and the trust that is built when offering my services. The worst thing is when third parties are involved with contractor negotiations and they use their connections to give competitors the business instead. What has surprised you most about working as an Entrepreneur? The thing that surprised me the most is the level of competition. There are many difficulties getting and keeping contracted projects in the construction field. Prices fluctuate and getting the best deals on materials is an ongoing process. When securing a job, prices are discussed, both parties begin to approve but then a competitor offers a better rate and you lose the client easily. What's the best thing to happen since you started your own business? Tell me about some of the people you've met while working as an Entrepreneur. I’ve met a gentleman from England who does construction and engineering projects for a well off local family. Overall, meeting different people from different parts of the globe and listening to them share their perspectives are worthwhile. I’ve gained a considerable amount of experience working with local and foreign industry players. What do you find most challenging about having your own business? After securing a job, the most challenging 3 Tell me about someone who has influenced your decision to start your St. Maarten Chamber of Commerce & Industry March Newsletter 2015 Continued from page 3 What's your personal philosophy on starting and running your own business? My personal philosophy is that to survive in this business you have to be very strong, have good management skills, be administrationsavvy and maintain a no nonsense attitude when it comes to your employees. Getting business is a hustle and there is little room for mistakes or your career can be over in a split second. Tell me about someone who has influenced your decision to start your own business? My father heavily influenced my decision to start Blue Collar Construction. I naturally inherited a great interest for the construction industry. It runs in the family, so many things came naturally to me, being a trade person. If you weren’t in this business, what would you be doing instead, or what would your life be like? If I wasn’t doing this, I would probably be working at a regular job and would consider opening a small restaurant. As a businessperson, what sorts of trends do you see in your field? I’m seeing a lot of new design trends in this field. For example, building styles are a lot more modern and clients’ tastes are becoming more contemporary. Modern structures have more open floor concepts and indoor washrooms. On a less positive note, there is a trend of underbidding on behalf of the contractor and insufficient funds on behalf of clients. As a result, many projects/buildings remain incomplete. Hopefully this is a trend of the past because cheaper pricing can affect productivity and outcome. What would you tell someone who is thinking about starting his/her own business? First, have a particular amount of start-up capital and second, have good financial backing. A project may get started and you might need to cover some minor costs to complete it before you can get paid for your services. Lastly, always invest in the right tools and equipment in order to increase efficiency and reliability. 4 St. Maarten Chamber of Commerce & Industry March Newsletter 2015 Executive Board Members Attend Dominican Republic Trade Mission On February 22, 2015 VP Mr. Stanley Lint and Treasurer Anastacio Baker traveled to the Dominican Republic (D.R.) to attend the Mercado Karibe Trade Mission. The objective of this trip was to explore the possibilities on opening regular trade between the Dominican Republic and St. Maarten. The Trade Mission and match making seminar was organized by the Dutch Dominican Chamber of Commerce in Santo Domingo and headed by the Minister of Economic Affairs in Curacao, The Honorable Mr. Stanley Palm. The Benefits of Doing Business with Dominican Republic:1) Commitment from DR Government 2) ISO certified products 3) Direct buying resulting in lower costs 4) 4 days shipping time Action Points Taken Thus Far: Above: Brand Name Products made in the D.R. for the U.S. Market St. Maarten Government to Delegation of local businesses to a facilitate the trade with easier travel for DR businesses in regards to Visa requirements Ministry of TEATT sent a proposal to Ministry of Justice in regards to this, allowing DR businesses to travel to St Maarten with approval from COCI follow-up Trade Mission to see the various facilities, products and control systems Department to provide control of products and also determine product grades to the island (Grade "A" and "B"). 5 St. Maarten Chamber of Commerce & Industry March Newsletter 2015 Investing in Our Future – Pre-USM Preparatory Program In 2014, the “Home Is Where I Prosper” project was launched by the St. Maarten Chamber of Commerce & Industry (COCI) in collaboration with our top sectors. This project has four main objectives for economic development for St. Maarten: Tourism, Trade, Policy; and Education development. The element ‘Education’ focuses on the development of our human capital as it relates to our overall sub hub expansion. Towards the establishment of this vision we have introduced a “Work Experience Program”, for students enrolled in the Pre University Preparatory Program at the University of St. Martin (USM). Via this program, local students are given the opportunity to receive training and develop their competencies. The focus is to create environments where adolescents acquire a good and sound education thus producing an enhanced workforce, properly develop professionals and the maturation of strong and successful entrepreneurs. Throughout this period, March, 2015 until May, 2015, the Pre-USM students have been attending class at USM and are receiving training on the job once a week. COCI will like to thank all parties involved for exercising their social corporate responsibility by participating in this initiative which will strengthen and develop St. Maarten’s human capital: The Future of St. Maarten. Special Thanks to All our Corporate Partners: N.V. GEBE -- Windward Island Bank -- Maduro & Sons Inc. -- Leonard Enterprises N.V. -Henderson Insurances -- Baker Suites -- Bureau Telecommunications and Post St. Maarten -Womens Health Services N.V. -- Telem Group of Companies -- Antek IT Solutions -Brison Tax & Accounting -- Department of Economic Licenses (TEATT) Additional Thanks to All Who Supported This Program: Harbour Group of Companies-- Princes Juliana International Airport -- Imbrace -- University of St. Martin 6 St. Maarten Chamber of Commerce & Industry March Newsletter 2015 Courtesy Visits at the Chamber of Commerce Honorable Minister Claret Connor Meets with COCI Board of Directors COCI Board of Directors met with Minister C. Connor on March 3rd, 2015. Having met prior with the COCI Executive Board, the Minister joined the COCI Board meeting where he outlined his vision on economic development and the role of COCI. The members of the COCI Board were very pleased to have this one on one exchange with the Minister, and requested further meetings and exchanges. The COCI Board members undertaking the activities for the execution of this year’s theme: “Better Business in St. Maarten”, were elated to receive the positive feedback from the Minister and pledged their support for a close working relationship with the Ministry of TEATT. Chamber Board of Directors with Minister Connor & Cabinet member J.James CIBC First Caribbean’s Mr. William Wright and Mr. Terry Peterson Pays COCI a Visit On February 11th, 2015 CIBC First Caribbean’s Mr. William Wright, Regional Director of Business Banking and Mr. Terry Peterson, Business Banking Manager, paid a courtesy visit to the COCI Headquarters . Mr. Wright championed the cause of both organizations working hand in hand to further stimulate the business economy and promote public/private partnerships. Chamber Board Members (center) with Mr. W. Wright (L) and Mr. T. Peterson (R) 7 St. Maarten Chamber of Commerce & Industry March 2015 Upcoming Events Trade Mission to Panama & Miami Date: April 12th - April 15th, 2015 To Miami on April 16th – April 17th, 2015 The Netherlands Consulate General in Panama and Miami and the St. Maarten Chamber of Commerce & Industry (COCI), has extended an invitation to the business community of St. Maarten to attend the “Maritime Expo”, themed “Next Round of Investments; Building The Logistic Hub.” Objective The objective of the Maritime Expo is to expose the Dutch Kingdom to the emerging investment opportunities and developments in Panama, due to the expansion of the Panama Canal in 2016. During this trade mission Panama’s role as the logistic hub for the Latin American region (LATAM) and the benefits for participating countries will be accentuated. The Expo includes a three (3) day matchmaking program, network events, high-level meetings and seminars. Delegation The delegation will be headed by the Minister of Tourism, Economic Affairs, Traffic & Telecommunications (TEATT), the Honorable Claret Connor and the President of COCI, Ms. Peggy Ann Brandon. Benefits for St. Maarten This trade mission will allow our top sectors to access Panama’s market and implement practices, that will strengthen our services to this region, embrace economic diplomacy and create a stable and sustainable economy for the Caribbean. Importance for country St. Maarten St. Maarten serves as a primary aviation and trans-shipment Hub for the North Eastern Caribbean. Due to our geographic location we are in a key position to compete on the international markets by reinforcing and increasing our services. This expo places St. Maarten in a key position to deliver a strong presentation and receive international recognition for our country’s outstanding and growing services. Contact Please contact the Chamber for more information Contact : about the participating Panama. Please contact the companies Chamber for in more information about the participating companies in Panama. Websites: For more information…. Websites Trade mission Panama & Miami: http://www.rvo.nl/trade-mission-panama-miami-aprilof Panamanian exhibitors Maritime Expo: http://panamamaritimeconference.com/en/exhibitor-list-0 ForList more information about the trade mission please List of companies based in Panama: http://camaramaritima.com/directorio.php refer to the links below: