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Finance/Business

Sandals Chairman to receive Lifetime Achievement Award

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PRESS RELEASE – Chairman of Sandals Resorts International Gordon ‘Butch’ Stewart will receive the inaugural Lifetime Achievement Award at the Caribbean Hotel & Resort Investment Summit (CHRIS) 2017, to be held in April in Miami. CHRIS is considered the most important event for those interested in hotel and resort investment in the Caribbean. Having already achieved a long list of ...

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Beausejour Agriculture workers accuse management of victimisation

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After one week of industrial action, workers at the Beausejour Agriculture Complex in Vieux-Fort still have no inkling when their occupational health and safety issues will be addressed. And they are determined to stay off their jobs until the situation improves at their work place. They described the dilapidated building in which they work “an eyesore”. According to the workers, ...

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CIBC First Caribbean assists start-up companies

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PRESS RELEASE – A number of start-up companies and young people with great business ideas will soon get an additional avenue to bring their plans to fruition. Ten Habitat, a non-profit organisation which focuses on developing investor-ready start-up Caribbean entrepreneurs and regional bank CIBC FirstCaribbean have partnered in a venture to support local and regional start-ups. Gary Brown, Chief Executive ...

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Bay Gardens Resorts discontinues use of ESP products

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PRESS RELEASE – The Green Globe certified resort chain, Bay Gardens Resorts has discontinued the use all Expanded Polystyrene (EPS) products throughout their properties. Expanded Polystyrene (EPS) products are very harmful to the environment as they are manufactured from non-renewable fossil fuels and synthetic chemicals which cannot be recycled or reused.  Studies have shown that animals sometimes mistake EPS for ...

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Power breakfast with Chamber’s HR managers a success

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PRESS RELEASE – HR Managers from among members of the St. Lucia Chamber of Commerce Industry and Agriculture participated in a Human Resource Forum as part of the Chamber’s Power Breakfast series of engagements with members. Under the theme “What Keeps You Up at Night” the Chamber sort to a firm understanding of what are the critical issues in Human ...

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St. Lucian woman’s advocacy group featured in New York Times

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Alene Mathurin’s My Nanny Circle, a group focusing on the training and empowering of caregivers, was featured in The New York Times yesterday, Feb. 16. Mathurin held a seminar last Saturday in Midtown, which, according to the newspaper, covered topics like early-childhood development, résumé building and mental health. About 90 nannies attended, according to the report. My Nanny Circle was ...

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Saltchuk’s Tropical Shipping contributes to St Lucia Youth Business Trust

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PRESS RELEASE – The St Lucia Youth Business Trust (SLYBT) is the recipient of US$15000.00 grant from the parent company of Tropical Shipping, Saltchuk Company. Saltchuk is a privately owned family of diversified transportation and distribution companies headquartered in Seattle and provides air cargo, domestic and international shipping and logistics, marine services throughout North America and the Caribbean. Saltchuk Caribbean ...

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Free viewing of HBO and Max this weekend with Flow

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PRESS RELEASE – This weekend Flow has an exciting treat for its TV customers. They will be able to view all HBO and Max channels free, all weekend long! With this new offer, dubbed ‘HBO Free Preview Weekend,’ all HBO and Max channels will available without a subscription to allow customers to take their viewing experience to the next level ...

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BOSL employee receives CAB Chartered Banker Scholarship Award

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PRESS RELEASE – The Caribbean Association of Banks (CAB) is excited to announce the winner of a 100% Scholarship award to pursue the Chartered Banker MBA programme with a leading UK Business School, the Bangor University. In collaboration with the Bangor University Business School, the CAB has been able to extend this significant opportunity to its members. On the basis ...

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Flexible payment options for CIBC FirstCaribbean cardholders

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PRESS RELEASE – Making payments by debit and credit card just got a whole lot easier for customers of CIBC FirstCaribbean. The use of Chip-enabled cards is becoming more prevalent for Caribbean card holders, and CIBC FirstCaribbean just upped the ante with the provision of Chip & PIN and “contactless” card payments “smart cards” for its Visa cardholders. Unlike the ...

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General Counsel for Digicel Caribbean compares Net Neutrality to Brexit

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PRESS RELEASE – Speaking at the 11th Capacity Caribbean Conference in Puerto Rico, David Geary, General Counsel for Digicel Caribbean, compared the debate on Net Neutrality to that of Brexit in the United Kingdom. In his presentation, he outlined that no one really knows what either Brexit or Net Neutrality means as both mean different things to different people, and ...

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Eco Adventures Tours to host Independence Day Rain Forest Cross Island Hike

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PRESS RELEASE – On Wednesday 22nd February, 2017, Eco Adventures Tours in collaboration with Tropic Trails Island Adventures is honoured to be hosting the 2nd Annual ‘Independence Day Rain Forest Cross Island Hike’. The theme for this year’s hike is ‘Let’s Love Our Island Home’ Come experience the fastest growing national event, geared towards the appreciation of Saint Lucia’s untapped ...

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Loads of cash and prizes in Flow Independence Day Promotion

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PRESS RELEASE – In celebration of Saint Lucia’s 38th Independence Anniversary, Flow has launched a ‘Text to Win’ promotion that rewards its customers with loads of prizes, and will make Independence Day an even more joyous occasion for many of them. To participate in the promotion, customers just have to respond to the question, ‘What does 758 mean to you?’ ...

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St. Lucian promoted to General Manager of Rodney Bay Marina

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The Rodney Bay Marina has appointed a new General Manager and he is a St. Lucia native. Sean Devaux, a St. Lucian, will take the reigns of a company in which he has contributed to significantly over the past several years. Prior to his promotion, Devaux was boatyard manager followed by operations manager at the St. Lucia marina. Devaux has extensive ...

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“VAT cut will weaken St. Lucia’s finances” – IMF

The St. Lucian Government including Prime Minister Allen Chastanet in a meeting with an IMF team in St. Lucia on October 13, 2016.

The latest VAT cuts will put pressure on the fiscal position of St. Lucia according to the IMF. The view was stated in a report after an IMF team visited the island late last month. “In the meantime, the fiscal package announced by the government under the “Five to Stay Alive” initiative, which includes a reduction of the VAT rate from ...

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Unite for safer internet, says Flow

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PRESS RELEASE – As the world observes Safer Internet Day today, leading telecommunications provider Flow is urging all stakeholders to join together to make the internet a better place for all, especially young children and teenagers. “From cyberbullying to social networking, each year Safer Internet Day aims to raise awareness of emerging online issues and chooses a topic reflecting current concerns,” ...

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Snap and Sell, a mobile marketplace for St. Lucians

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PRESS RELEASE – Snap & Sell is a online marketplace that allows anyone to post goods they’re selling or find what others have to offer in St. Lucia. Snap & Sell is a FREE to download and FREE to use mobile app for buyers and sellers alike. Selling an item is easy, simply snap a photo, add the price and ...

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IMF predicts slow economic growth for St. Lucia in 2017

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The International Monetary Fund has predicted slow growth for St. Lucia in 2017 as reductions in various revenue generation means take hold. The IMF expects the country to grow at a rate of 0.5% this year, 0.3 percentile points below last year’s recorded figure and more than 1.3 percentile points less than in 2015. The IMF release came after a January ...

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Young St. Lucian couple launches EasyClickBooks.com to help students find textbooks

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PRESS RELEASE – Our children deserve every opportunity to succeed and providing them with these opportunities can be difficult, especially ensuring they have all the required textbooks. Unfortunately, over 60% of our children don’t obtain all their textbooks. This in turn makes it difficult for them to participate in class and study. www.EasyClickBooks.com  would like to solve this problem. Here ...

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Start Up Fete in St. Lucia

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PRESS RELEASE – Startup Fete is a one day event organized by Junior Achievement St Lucia designed to inspire Junior Achievement Company Program participants to develop innovative business ideas while teaching business idea development techniques. Participants pitch their best ideas and inspire others to join their team. Throughout the day teams focus on customer development, marketing, validating their ideas, developing ...

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Saint Lucia drops in ‘Ease of Doing Business’ ranking

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The World Bank’s Doing Business Ranking 2017 report has been released, but it’s not all good news for Saint Lucia. The island has dropped in the global rankings from 78 to 86, out of 190 countries. New Zealand has taken over the number one spot from Singapore, which is now second, followed by Denmark. According to the report, Saint Lucia ...

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Invest Saint Lucia team visits GP Group’s projects in Bulgaria

Left to right: President GP Group Georgi Vassilev, and Chief Executive Officer for overseas operations, Cristo Pancheff.

PRESS RELEASE – A delegation from Invest Saint Lucia – comprising Chairman Pinkley Francis, Deputy Chairman Jodi Boodhoo and Chief Executive Officer, McHale Andrew – travelled to Bulgaria from January 24th to 28th 2017, for a series of project site visits, meetings and discussions with the principals of the GP Group and their associated clients, investment partners and Government officials. The ...

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WLBL wins big at the 2017 Chamber Awards

Sebastian Sanchez, Managing Director, WLBL.

PRESS RELEASE – Windward and Leeward Brewery Limited (WLBL), a part of the HEINEKEN Company, has been named Business of the Year at the 2017 St. Lucia Chamber of Commerce Business Awards. In addition to this great achievement, WLBL also grabbed the awards for Excellence in Human Resource Development and Corporate Leadership. Sebastian Sanchez, Managing Director of WLBL, indicated: “This ...

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Chamber luncheon to discuss Pearl of the Caribbean Project

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PRESS RELEASE – The St. Lucia Chamber of Commerce Industry and Agriculture is pleased to announce an Executive Luncheon to discuss the much talked about Pearl of the Caribbean Project. Members of the Business Community are invited to take part in a Presentation and Discussion on the Desert Star Holding Project being organized by the St. Lucia Chamber of Commerce Industry ...

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Peter and Company Distribution celebrates Chamber awards winners

The PCD team at last week's Chamber awards. (Photo courtesy Dazzle/123 Digital).

PRESS RELEASE – Last Saturday’s St. Lucia Chamber of Commerce, Business and Agriculture Awards, celebrated innovation and excellence as well as the community spirit and concern for the environment. “These are just some of the reasons, among others, why Peter and Company Distribution was proud to be associated once again with this national stage where excellence in the business community is ...

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Island Routes to expand services DMC services to St. Lucia

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PRESS RELEASE – Island Routes Caribbean Adventures is proud to announce that it is extending its esteemed services as a Destination Management Company. The expansion will see Island Routes increase its ground handling services throughout the Caribbean including St. Lucia, Antigua, Barbados and Grenada. After successfully providing full Destination Management services for industry leaders including Air Canada Vacations, BookIt.com, Hyatt Ziva ...

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Massy Stores teams up with Cutty Ranks Barber Shop

Bannah Suffren receiving donation from Massy Stores towards Community Grooming Project.

PRESS RELEASE – For five (5) years now Cutty Ranks Barbershop has been promotion good personal hygiene and self-confidence among youth, one school at a time. The Community Outreach and Grooming Programme is the brainchild of Barber Bannah Seffren (owner of Cutty Ranks Barber Shop) and his wife Janna, and sees the care of over two thousand students (2,000) from ...

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Flow launches Valentine’s promotion

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PRESS RELEASE – Valentine’s Day is fast approaching and Flow is offering a fabulous romantic treat to customers looking to show their love to someone special in its newly launched ‘Let Your Love Show’ Valentine’s Promotion. From now until February 13, all new customers who activate any of Flow’s 9-day Combo mobile plans on a newly activated SIM will receive ...

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New mobile app linking restaurants and customers launched in St. Lucia

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PRESS RELEASE – Creativity and innovation have joined hands with culinary advances to bring an exciting new development to the Saint Lucian dining, hospitality and perhaps tourism stage – leading food lovers and appetites to restauranteurs and their exciting creations. With an increasingly fast-paced lifestyle and reliance on digital technology, Saint Lucia and the rest of the world, are seeing ...

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Seaboard Marine arrives in Saint Lucia

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PRESS RELEASE – Seaboard Marine’s inaugural vessel arrived in Saint Lucia yesterday, January 31. The company now offers a new weekly service departing from Port Miami, Florida with a five-day transit to Castries, St. Lucia. “This direct, weekly service enhancement gives our valued customers an early departure and the shortest available transit time to St. Lucia. With same day cargo availability ...

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Caribbean Assn of Banks voices support for National Bankers Assn on FATCA

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  PRESS RELEASE – The Caribbean Association of Banks (CAB) fully supports Bankers Associations at the country level, in their efforts to have their respective governments finalize their FATCA (Foreign Account Tax Compliance Act) Inter- Governmental Agreements (IGAs) with the Government of the USA. CAB remains concerned about the number of Caribbean countries which do not yet have IGAs in ...

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Trifarm launches online portal for farmers

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PRESS RELEASE – On Monday January 23, 2017, St. Lucian start-up “Tri Farm Company Ltd.” launched a new online platform. The new website, ‘trifarmltd.com’ connects producers and buyers of agricultural products in a novel way. The online portal is built on a predictive model which allows farmers to input crop data, enabling buyers to forecast market conditions months in advance.  Founder of ...

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Saint Lucia among least corrupt CARICOM countries

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Transparency International (TI) has ranked Saint Lucia 35 out of 176 in its 2016 annual Corruption Perceptions Index, placing the island as the third least corrupt country in the Caribbean Community (CARICOM). Saint Lucia received a score of 60, on a scale from zero to 100 where zero is highly corrupt and 100 “very clean,” coming in at the same ...

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UPDATED: Kingsley St. Hill resigns as director of NCA

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Former President of the National Consumer Association (NCA) Kingsley St. Hill has resigned from his role as director of the only consumer rights body on Saint Lucia. St. Hill confirmed with St. Lucia News Online (SNO) that his resignation was presented to the NCA today, Thursday, January 26, 2017 and takes immediate effect. The consumer advocate said he had no ...

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ITC support TEPA to progress national export strategy

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PRESS RELEASE – A one week mission to Saint Lucia by a team from the Geneva-based International Trade Centre (ITC) commenced on Tuesday January 24th, 2017. The mission has a three-fold purpose to conduct an initial assessment of Saint Lucia’s export development program, meet with stakeholder agencies that are integral to the Saint Lucia’s export development effort, and critically, to ...

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Majority of Scotiabank employees vote for union representation

A Scotiabank branch is seen in Castries, St Lucia May 11, 2010. * PHOTO CREDIT: REUTERS/ANDREA DE SILVA

PRESS RELEASE – About seventy (70) clerical, technical and non-managerial workers employed with the Bank of Nova Scotia concluded their participation in a Secret Ballot Poll. The poll was held at the company’s three (3) operational units in Rodney Bay, Castries and Vieux Fort. About sixty (60) workers voted in favour of having their general conditions of employment improved and ...

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CSA seeks answers on RSL’s future

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The Civil Service Association (CSA), the trade union representing workers at Radio Saint Lucia (RSL), plans to write Broadcasting Minister Dominic Fedee seeking answers in relation to the state run radio station’s future. CSA President Yvonne Edwin told the media that a meeting was held with the some 20 employees that are currently attached to RSL on January 20, where ...

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Trade License compliance

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PRESS RELEASE – The Chair of the Trade License Advisory Board would like to inform all persons and companies trading in Saint Lucia who are not CARICOM nationals within the meaning of the Trade License Act (Cap. 13.04 of the Revised Laws of Saint Lucia) to ensure that they possess a valid license to trade in Saint Lucia for the ...

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New sports store opens in Castries

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PRESS RELEASE – Sports men and women in the various sporting disciplines on the island can now either purchase or place orders for quality sports gear and equipment at affordable prices. This has become possible because of the opening of a new sports shop – Nake Sports. Located on 44 Brazil Street, Nake Sports will sell the latest and most ...

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St. Lucia-based chef tops the Caribbean

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Cap Maison Resort and Spa is set to honour its executive chef for copping the ‘Top Caribbean Hotel Chef of the Year 2016’ by regional hospitality publication, Caribbean Journal. The resort announced that will hold a “special press conference” on Tuesday, Jan. 24 to recognise Craig Jones. The award was part of Caribbean Journal’s 2016 Caribbean Travel Awards. The Welch-born chef has headed ...

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St. Lucia gets new ocean freight service

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World-class ocean carrier Seaboard Marine said they have enhanced their Miami, Florida-Eastern Caribbean ocean freight service with a new port call at Castries, St. Lucia. The company said its new weekly service is supported by two container ships that will commence Thursday, January 26, 2017, departing from PortMiami, Florida with a five-day transit to Castries, St. Lucia. “This direct, weekly service ...

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Gov’t to decide on future of Radio Saint Lucia

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A decision on the future of the state owned Saint Lucia Broadcasting Corporation (Radio St. Lucia) will be made soon by government, Information and Broadcasting Minister Dominic Feedee has revealed. Fedee told the media on Friday (Jan.20) that Cabinet is awaiting a report from the board of directors, before it decides on the next move for the cash-strapped broadcasting company. “We have ...

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Laverne Gedeon is $27,000 richer thanks to Courts St. Lucia

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PRESS RELEASE – Courts St. Lucia, the “Authorized” retailer of Frigidaire appliances in St Lucia and across the OECS continues to demonstrate to their valued customers why it pays to shop at the superstore. St. Lucians both home and abroad who purchased a Frigidaire appliance for the season in store or online at www.shopcourts.com would have qualified for a chance ...

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St. Lucia readies for VAT reduction

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PRESS RELEASE – The Inland Revenue Department wishes to remind the general public of the recent legislative amendment to the Value Added Tax (VAT) Act as per Statutory Instrument (SI) No.101 of 2016, which reduces the standard VAT rate from 15% to 12.5%, effective February 01, 2017. As such, all VAT registered businesses are required to make the necessary adjustments ...

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3rd staging of the most colorful Fun Run

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PRESS RELEASE – For the third year running, Liive Productions’ Dash Independence Colour Run is all set to add some more colour to the landscape of official activities for the commemoration of the anniversary of the island’s 38th independence. Slated for February 19th, 2017, the highly anticipated event will start at the Massy Mega car park at 6:00am to 10:00am and ...

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Workshop on productivity improvements for SMEs to be hosted in St. Lucia

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PRESS RELEASE – Senator the Honourable Dr. Ubaldus Raymond, Minister in the Ministry of Finance is slated to deliver the keynote address at the St. Lucia Employers Federation (SLEF) upcoming Membership Workshop entitled “Productivity Improvements for Small and Micro Enterprises” on January 18, 2017 at the Bay Gardens Hotel at 9:00 am. The workshop will be held in collaboration with the ...

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Leadership changes at Bay Gardens Resorts

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PRESS RELEASE – The locally owned and operated award-winning resort chain, Bay Gardens Resorts in St. Lucia, announced today that it has made key leadership changes. The Bay Gardens Resorts Board of directors, who have spent significant time strategizing the way forward in 2017, recently announced a number of personnel moves at the senior leadership level that they believe will ...

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St Jude Audit: Gov’t will start holding companies accountable

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Economic Development Minister Guy Joseph has said that the technical audit interim report on the St Jude Hospital Reconstruction Project will be used as a guide for the current administration. Joseph told the media on Monday (Jan.16) that government will start holding companies accountable for work that they have been paid to deliver, because government is loosing too much money. ...

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Digicel transforms the lives of customers with #GetGifted promotion

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PRESS RELEASE – The region’s leader in telecommunications and entertainment has yet again delivered in transforming the lives of its customers. On Saturday January 7th, Digicel held the highly anticipated grand prize draw of its 2016 Christmas promotion, #GetGifted at its Bridge Street store from 2:00 pm. Gabriel Felicien, Michael Ephraim, Michael Charles and Ramez Cheriki  were all heftily enriched ...

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Taiwan, St. Lucia sign MOU to promote cooperation in the exchange of Financial Intelligence

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PRESS RELEASE – Republic of China (Taiwan) and Saint Lucia inked Memorandum of Understanding Concerning Cooperation in the Exchange of Financial Intelligence Related to Money Laundering, Associated Predicate Offences and Terrorism Financing on January 9, 2017. Mr. Paul Thompson, Director of Financial Intelligence Authority signed the MOU on behalf of the Saint Lucian government at a brief ceremony held at ...

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Digicel launches New Year’s Text to Win game

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PRESS RELEASE – As the leader in innovation and delivery of best value to customers, Digicel has commenced the New Year with providing customers with even more value and amazing offers. On Wednesday January 6th, 2017 Digicel announced it’s ‘New Year’s Resolution’ Text to Win promotion.  This January’s Text to Win Game is aimed at assisting customers in setting and ...

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Major call centre investment for Saint Lucia

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A major US-based call centre will be launched in Saint Lucia creating hundreds of jobs, Prime Minister Allen Chastanet has announced. Chastanet said the partnership will be facilitated though a company in Austin, Texas called Ojo Labs,which is launching a huge artificial intelligence with call centres. “I am very excited. I think when people see the actual facility that is ...

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20 Courts customers win $700 worth of electricity each

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PRESS RELEASE – Saint Lucia’s Leading retailer of the world’s best brands in home appliances and furniture products, Courts St Lucia, kick starts the New Year with a special gift for twenty of the company’s valued customers. The superstore announced that any customer who purchased a Mabe appliance from October 22nd to November 30th 2016 would have qualified to win ...

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St. Lucia now runs least expensive Citizenship by Investment Program

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PR NEWSWIRE – The Honourable Prime Minister of St. Lucia, Allen Chastanet has announced new improvements made to the citizenship by investment program. The changes will take effect from 3rd January 2017, which when all fees are calculated will make St. Lucia’s Citizenship-by-Investment program the least expensive ahead of the popular Commonwealth of Dominica passport program. Jeremy Savory, CEO & ...

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Gov’t confirms CIP changes

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PRESS RELEASE – The Government of Saint Lucia makes changes to the Citizenship by Investment Regulations No. 89 of 2015. On December 22nd, 2016, the minister to whom citizenship by investment is assigned signed a statuory instrument making amendments to the Citizenship by Investment Regulations No. 89 of 2015. At this time, these are the only changes that have been ...

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New spa manager at the Landings

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PRESS RELEASE – The Landings Resort & Spa has rejuvenated what it means to go ‘spa-ing’ in Saint Lucia. With the addition of Spa Manager Ms Georgina Sacasas late last year, the resort has unveiled a New Menu of treatments balanced with an innovative mix of health and wellness accompaniments all aimed at enhancing the experience. Hailing from a British ...

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Caribbean Association of Banks mourns the passing of Sir Dwight Venner

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PRESS RELEASE – The members of the Caribbean Association of Banks (CAB) are profoundly saddened by the passing of Sir Dwight Venner, former Governor of the Eastern Caribbean Central Bank (ECCB) and a most distinguished son of the Caribbean. Sir Dwight steered the ECCB with distinction for twenty six (26) years until his retirement in 2015. He was very passionate ...

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St. Lucia News Online launches instant news notification for mobile and computers

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St. Lucia News Online today (Dec. 30) announces the launch of an instant news notification system so readers can have quicker access to breaking news, press releases, regional/international news, and important notices. The instant notification works through the browsers of both phones and computers and allows subscribers to get news as soon as they are uploaded to the website. St. Lucia News ...

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Attorney says Saint Lucia to make significant changes to CIP

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An attorney for the Citizenship By Investment Programme (CIP), Nicholas John, claims that the Government of Saint Lucia will be making significant changes to the programme effective January 2017. In John’s post on LinkedIn on Thursday, December 29, 2016, he said that Prime Minister Allen Chastanet has issued an amendment to the Citizenship by Investment Regulations No.89 of 2015. The following ...

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Bankers Association mourns passing of Sir Dwight Venner

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PRESS RELEASE – The Bankers Association of Saint Lucia mourns the passing of Sir Dwight Venner. Sir Dwight made a significant impact on the financial services sector within Saint Lucia and the wider OECS territory, having served as Governor of the Eastern Caribbean Central Bank (ECCB) from 1989 to 2015. Sir Dwight was well respected by the banking industry given ...

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NWU undertakes operational study in Vieux Fort

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PRESS RELEASE – The National Workers Union (NWU) is currently undertaking an operational study in Vieux Fort. During the last four (4) years, members and branch units in Vieux Fort have been demanding that the NWU establish an operational branch unit in Vieux Fort. Should the study establish that the organization could sustain the costs of operating in Vieux Fort ...

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Dwight Venner, a West Indian patriot

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Institution-building is a difficult task anywhere, but especially so in the Caribbean where institutions are often undermined by particular interests, or fall into desuetude for lack of commitment or funding, or both. Dwight Venner, who died in St Lucia on December 22, was an institution builder. He took the reins of a mere currency board and transformed it into a ...

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