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Finance/Business

PRESS RELEASE: Flow customers enjoying best quality network according to benchmark testing agency

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The Results are in and the good news for Flow customers is confirmation that they are enjoying the best quality network and service levels in the region as measured against the competitor in at least six markets tested so far, by independent benchmark testing agency, P3. Flow customers in Antigua, Cayman, Jamaica, Montserrat, Saint Lucia, and Turks and Caicos experience ...

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PRESS RELEASE: Bay Gardens Resorts offering special packages for St. Lucia Roots and Soul Festival

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Bay Gardens Resorts in beautiful Saint Lucia presents “A Roots and Soul Experience” to coincide with the St Lucia Roots and Soul Festival on June 17th and 18th at Pigeon Island National Landmark. This year’s festival features popular reggae artist, Christopher Martin, Musiq SoulChild, Etana and more! The event will also feature popular local artists, Chrycee and the Dynamics, Kayo ...

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PRESS RELEASE: St. Lucia Youth Business Trust presents “Mind Your Business” Development Series 2017

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The St. Lucia Youth Business Trust in conjunction with the St. Lucia Chamber of Commerce Industry and Agriculture presents it’s highly regarded “Mind Your Business” Development Series 2017. Specifically designed for micro, small and medium sized enterprises on the island the “Costing and Pricing” module is highly acclaimed as it guarantees important, critical and often times ignored practical measures that ...

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PRESS RELEASE: EasyClickBooks.com sponsors Primary and Secondary School Swim Meet

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EasyClickBooks.com, St. Lucia’s online textbook ordering & covering service, is now a proud sponsor of the Primary & Secondary School Swim Meet, hosted by the SLASA (St. Lucia Amateur Swimming Association). An agreement providing Financial support as well as resources to aid the swim meet was officially signed on Monday 22nd May 2017. The Primary & Secondary School Swim Meet, ...

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OECS receives second consecutive Anthony N Sabga Caribbean Awards for Excellence Award for Entrepreneurship

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PRESS RELEASE – The OECS region has received its second Laureate for Entrepreneurship by The ANSA McAl Foundation. Shadel Nyack Compton, Managing Director of Belmont Estate on Saturday 13th May, 2017 became the first Grenadian and the first woman to receive the Anthony N Sabga Caribbean Awards for Excellence Award for Entrepreneurship. According to the Award Citation, Ms. Nyack Compton ...

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Campari to blend into Soca Switch 3

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PRESS RELEASE – The third annual Soca Competition “Soca Switch” is expected to ignite the Gaiety Gardens come Saturday May 20th 2017. And, the world’s number one aperitif Campari will help the event do just that. This week, distributors of Campari, Peter & Company Distribution (PCD) signed a partnership with Just 4 Fun, organizers of “Soca Switch” which would allow ...

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ECTEL conducting consumer survey

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PRESS RELEASE – The Eastern Caribbean Telecommunications Authority (ECTEL) is conducting a survey of consumers in Member States. The survey forms part of an overall initiative that will lead to the development of a consumer education and awareness programme. The role of the Eastern Caribbean Telecommunications Authority (ECTEL) and by extension the National Telecommunications Regulatory Commissions (NTRCs) dictates that consumers ...

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Constituency office allocation increased

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GIS – The Hon Sarah Flood Beaubrun has applauded the Prime Minister of Saint Lucia, Hon Alan Chastanet for doubling the allocation given to constituency offices. The minister with responsibility for External Affairs said the move will benefit all, and thus, it is an action that all should be grateful for. “I don’t have a key to my constituency office. ...

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DSH chairman remembers Winston Trim’s contribution

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Chairman of Desert Star Holdings (DSH) Limited Teo Ah Khing recalled the contribution of the late equine industry consultant Winston Trim when he met with the local media on Wednesday, to give an update on his proposed multi-billion Pearl of the Caribbean project for the town of Vieux Fort. Khin said Trim – who died as a result of a ...

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Government reaffirms commitment to increase employment in the south

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PRESS RELEASE – Within the year Saint Lucians can expect to see increased activity in the south of the island as the Government steps up efforts to create employment opportunities. The Prime Minister this week pledged that the Government is working towards an unemployment rate of no more than 15 percent by 2021. Despite a reduction in the unemployment rate ...

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“Tough decisions to tackle national debt” – Gov’t continues review of subventions and grants to State agencies

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PRESS RELEASE – As part of his Budget Address on Tuesday May 9th 2017, Prime Minister Honourable Allen Chastanet spoke to the subject of tackling the national debt stating clearly that the Government will not let another term go by without decisive action. Speaking about the Government’s Fiscal Strategy, the Minister for Finance, Economic Growth, Job Creation, External Affairs and ...

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Unemployment declines but PM still not happy: “Unemployment no more than 15% by 2021”

PM Chastanet having a closer look at Seismolological Report for St. Lucia in this file photo..

Despite news this week that the national unemployment rate has declined for the first quarter of 2017, Prime Minister Allen Chastanet is still not happy with the unemployment figures of the country. According to the Central Statistics Department, 20.1 percent of the population was unemployed from January to March 2017 compared to 21.6 percent in the fourth quarter (October to ...

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FLOW unveils Samsung Galaxy S8

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PRESS RELEASE – Saint Lucia’s and the Caribbean’s number one telecommunications service provider, Flow, now has the world’s most ambitious handset available to its mobile customers, with a special offer for new and existing subscribers. The Samsung Galaxy S8 is now at Flow, and postpaid mobile customers get free data with the purchase of the phone, which was introduced at ...

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PM lays out strategic priority areas in maiden Budget

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PRESS RELEASE – In his maiden Budget Address on Tuesday May 9th 2017 Prime Minister Honourable Allen M. Chastanet assured Saint Lucians that the United Workers Party Government would not let them down. Since being elected into Office on June 06th 2016 the Government has been working on ways to rescue the economy. The Prime Minister presented the Government’s vision ...

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Flow connects with the Caribbean Diaspora at the YOWronto Music Festival in Canada

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PRESS RELEASE – Flow has joined forces with FreshKut Productions Inc. as a telecommunications sponsor for the inaugural staging of Canada’s YOWronto Music Festival, as the Company and organizers seek to forge stronger ties between Canada and the Caribbean. With a strong Caribbean Diaspora population in Toronto (and throughout Canada), the YOWronto Music Festival provides Flow with the perfect opportunity to ...

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Goodbye Radio St. Lucia: “Internet, television and cellphones have taken over” – Chastanet

Prime Minister Allen Chastanet (left) and Information Minister Dominic Fedee.

Having accumulated over $3 million in losses plus thousands in unpaid taxes, the Government of Saint Lucia believes its annual subvention of just over $400,000 to Radio Saint Lucia is useless in absorbing those losses. Prime Minister Allen Chastanet revealed those details during his budget presentation as he announced the closure of the government-influenced radio station. Chastanet said the station’s “relevant programmes” ...

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Call for mentors by the St. Lucia Youth Business Trust

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PRESS RELEASE – A key and critical component of any youth business trust is mentoring.   The youth business international (YBI) defines mentoring as “personalized support in helping young entrepreneurs develop their abilities and insight as they start and grow their own business” Although mentorship can be defined and seen from other angles this definition highlights the true purpose of ...

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Digicel launches Samsung Galaxy S8, S8+

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PRESS RELEASE – Today, Digicel launched the latest and hottest smartphones from Samsung’s Galaxy flagship line, the Galaxy S8 and Galaxy S8+. These smartphones push the boundaries of traditional devices with their seamless hardware design and variety of new service offerings. With the introduction of multiple services and apps, as well as a stunning Infinity Display for an enhanced viewing ...

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St. Lucia’s EasyClickBooks.com a finalist in the 2017 Caribbean Innovation Competition

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PRESS RELEASE – EasyClickBooks.com, St. Lucia’s online textbook ordering & covering service, is now a finalist in the 2017 Caribbean Innovation Competition. This will be the 12th year of the Caribbean Innovation Competition hosted by the Young Americas Business Trust, to be held in Mexico on starting June 17th. A Total of 3,491 teams from around the Caribbean registered in ...

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NWU Vieux Fort office opening soon

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PRESS RELEASE – Workers in the southern region of the island will soon benefit from full time services from the National Workers Union (NWU). The results of an NWU survey in the south revealed that over sixty percent (60%) of NWU members and non-members would welcome the establishment of an NWU operational office, preferably located in Vieux Fort. It is anticipated ...

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Over 1200 active users later, Mealoop partners with Quick Delivery

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PRESS RELEASE – After two months of operation resulting in hundreds of satisfied cravings serving over 1,200 active users, Mealoop – the mobile food ordering and delivery application – has joined hands with an equally formidable force in Saint Lucia’ business development and customer relations landscape. Effective May 1, Mealoop and Quick Delivery Services have agreed to merge its delivery ...

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Chairman’s Reserve unveils new packaging

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PRESS RELEASE – St Lucia Distillers, the sole distillery on the island of Saint Lucia and producer of fantastic award winning-rums is excited to reveal improved packaging of their rum brand “Chairman’s Reserve”. From inception, Chairman’s Reserve solidified itself as one of the best rums in the world. A unique rum blend, Chairman’s Reserve is the essence of everything Saint ...

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Digicel acquires major ICT business in the French overseas territories

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PRESS RELEASE – Digicel has entered into a sale and purchase agreement to acquire 100% of IDOM Technologies, it was announced today. Operating across the French Overseas Territories (in the West Indies and Indian Ocean), IDOM Technologies provides a wide range of ICT services spanning connectivity, voice and security services to over 800 business and public sector customers across a ...

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Baron Foods first shipment to Cuba

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PRESS RELEASE – Saint Lucia’s leading manufacturing company, Baron Foods (St. Lucia) Limited, has finally achieved its goal of exporting its world class products to Cuba. Over the last five years the company has attended several trade shows facilitated by Caribbean Export and TEPA. Within the last two years, Baron Foods (St. Lucia) Ltd has been selected by the Trade ...

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PeaEye7 to offer cutting edge marketing solutions

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PRESS RELEASE – Members of the travel trade and a cross section of savvy consumers gathered at the fashionable Beautique lounge in Manhattan on April 27, 2017 to witness the unveiling of PeaEye7 Marketing International.   The company was formed three months ago. PeaEye7 is a tourism marketing and management consulting which is the brainchild of Lorine Charles-St. Jules, founder ...

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CIBC FirstCaribbean’s mobile banking app named best in region

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PRESS RELEASE – Less than a year after its launch, CIBC FirstCaribbean’s mobile banking app has been named best in the region. The regional bank’s credit card products were also named best in the region by International Finance Magazine (IFM) in its International Finance Awards for 2017. The International Finance Awards recognize and honor individuals and organizations in the international ...

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Member States discuss requirements for OECS Customs Union and free circulation of goods

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PRESS RELEASE – Operationalising the OECS Customs Union, which will result in the removal of barriers to free trade in the region, is being strengthened through a series of regional capacity building consultations being undertaken by the OECS Commission. These sessions will provide a clearer understanding of the new era in domestic, regional and international trade for the seven OECS ...

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Region needs to develop digital finance services sector – CTU President

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PRESS RELEASE – The ITU, UNECLAC, the CTU, the various bankers’ associations, the central bankers, the anti-money laundering regulators, the digital financial Services technology providers, the cyber security experts and the consumer protection officials need to see how we as a region can develop our regional DFS sector,” stated Hon. Darcy W. Boyce, the President of the Caribbean Telecommunications Union, ...

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PitchIT Caribbean Challenge 3.0 St Kitts & Nevis

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PRESS RELEASE – The PitchIT Caribbean Challenge is the biggest tech- entrepreneurship competition and showcase to be held in the Caribbean. Twenty-Five (25) entrepreneurs will travel to St. Kitts and Nevis to participate in PitchIT Challenge Bootcamp. With the help of international and regional coaches, ten (10) finalists will be selected to pitch their business idea to a panel of ...

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HOUSE & LAND FOR SALE: Fond Cacao Development, Soufriere, St. Lucia

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ADVERTORIAL – A sweet house on 11,335 sq ft of flat land set within the middle to high-income residential neighbourhood of Fond Cacao, previously part of the old Soufriere Estate. Just minutes from the centre of town and Soufriere beach, this is a simple, comfortable house with a large living area which is characterized by cool wooden louvered windows all ...

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Chamber of Commerce submits budget to Government

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PRESS RELEASE – On April 13th, 2017 the St. Lucia Chamber of Commerce Industry and Agriculture had an opportunity to present to the Prime Minister and Minister of Finance, Honourable Allen Chastanet, its 2017/2018 Budget Submission. Attending the Meeting with the Prime Minister was Minister in the Ministry of Finance Ubaldus Raymond and Permanent Secretary Ministry of Finance, Coinithia Thomas. ...

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Ricky’s Entertainment presents cheque to Marchand community

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PRESS RELEASE – On the heels of a successful event, Ricky’s Entertainment is reveling in the accomplishments of its Alka Vybz block party held on the Easter Weekend. As part the “Marchand is not a ghetto’ community campaign, the company is staying true to its pronouncements of supporting the Marchand community in a cheque presentation ceremony to the Big Players ...

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Chastanet to present first budget of his administration

PM Chastnet in a sitting of Parliament in this file photo.

Prime Minister Allen Chastanet will present his first ever budget to Parliament on Wednesday since his ruling United Workers Party (UWP) won the June 2016 general elections. Chastanet is expected to present a fiscal package totalling EC$1.5 billion (One EC dollar =US$0.37 cents) and estimated EC$349.5 million than the last budget. The budgetary process will begin on Tuesday following the ...

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PM does not believe gov’t should be paying for SLNT’s recurrent expenditure

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Prime Minister Allen Chastanet has confirmed that the government has proposed reducing the subvention to the Saint Lucia National Trust (SLNT) from $700,000 to zero, but pointed out that a number of other similar organisations have experienced financial reviews since his administration took office. Chastanet told a press briefing on Monday that government has a cash problem and “every single ...

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Digicel introduces lowest mobile roaming rates for travellers in Cuba through partnership with ETECSA

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  PRESS RELEASE – Total communications and entertainment provider, Digicel, today announced its new Cuba Roaming SIM card offered in conjunction with Cuban telecoms provider, ETECSA, offering lower mobile roaming rates for travellers in Cuba. The SIM card offers flexibility, easy access to data at 3G speeds and phone calls at great rates and is a quick and convenient way ...

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NWU to be represented at UNI Conference in Argentina

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PRESS RELEASE – Deputy President General Solace Myers and Assistant Secretary General Johann Harewood of the National Workers Union (NWU) will leave over the weekend to travel to Argentina. While in the Latin American Republic the NWU officials will join thirty (30) other trade union officials from the Caribbean and Latin American countries at an Industrial Forum. This Forum, sponsored by ...

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CIBC FirstCaribbean maintains partnership with UWI

Cave Hill’s Pro Vice Chancellor and Principal Eudine Barriteau (second right) in discussion with CIBC FirstCaribbean’s CEO Gary Brown while the bank’s Director of Corporate Communications, Debra King (right) and Cave Hill’s Business Development Officer, Sonia Johnson listen.

PRESS RELEASE – The University of the West Indies, Cave Hill Campus is expected to take a multi-million dollar step to help the Caribbean further develop through science and technology. The effort will see the establishment of a state-of-the art Faculty of Science and Technology at the campus. Principal and Pro Vice-Chancellor of The UWI, Cave Hill, , Professor Eudine ...

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Preparatory work on DSH site continues

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Contrary to rumors that work on the Desert Star Holding (DSH) project in Vieux-For has come to a sudden halt, work on the site has not stopped. However, the preparatory work which began just over a month ago is expected to end next week. Workers on the site say they have no idea when the next stage will be approved. ...

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New session of Parliament opens next Tuesday

Governor General Dame Pearlette Louisy in this file photo.

PRESS RELEASE – The Second Session of the Eleventh Parliament is scheduled for Tuesday, April 25, 2017. Members of the House of Assembly will meet at 10:00 a.m. and Members of the Senate will meet at 10:30 a.m., after which both Houses will meet in joint session to receive a message from Her Excellency, the Governor General, Dame Calliopa Pearlette ...

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Saint Lucia among islands set to benefit from World Bank Tourism Competitiveness Project

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PRESS RELEASE – Saint Lucia, Grenada and Saint Vincent and the Grenadines are expected to benefit from better connectivity, better infrastructure, and improved tourism market development as a result of a US$26 million regional project approved by the Board of Directors of the World Bank. Prime Minister Honourable Allen Chastanet signed the agreement for the new World Bank Tourism Competitiveness ...

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No pay cuts, no layoffs – Chastanet

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There are no plans to downsize the St. Lucia civil service or cut the salaries of civil servants, Prime Minister Allen Chastanet has said. Responding to a reporter’s question about rumours of pay cuts and downsizing at a press briefing on Tuesday, Chastanet emphasized that his government intends “to help improve the productivity of the civil service” and that if ...

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PM attends World Bank/IMF Spring Meetings

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PRESS RELEASE – Prime Minister Honourable Allen Chastanet will be part of discussions at the Spring Meetings of the World Bank Group (Bank) and the International Monetary Fund (IMF) in Washington, DC over the next three days. The annual Meetings bring together central bankers, ministers of finance and development, private sector executives, and academics to discuss issues of global concern, ...

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SRDF looking to increase regulation at jetties

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PRESS RELEASE – On December 1st, 2016, the Soufriere Regional Development Foundation (SRDF) formalized the necessary framework (through the enhancement of essential services and renovation works) for the collection of docking fees in port Soufriere. The refurbishment and logistical re-organizing of operations brought about rave reviews from the boating fraternity and significantly raised the appeal and profile of the Soufriere ...

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St. James’s Club Morgan Bay and NWU commence negotiations

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PRESS RELEASE – Negotiations between the Management of St. James’s Club Morgan Bay and the National Workers Union (NWU) have begun. The parties met at the Board Boom of the St. Lucia Employers Federation (SLEF). During the meeting the Memorandum of Proposals submitted by the NWU were fully discussed. Agreement has been reached on regulatory fringe benefits with a total ...

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Ti Kaye Resort and NWU in deadlock

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PRESS RELEASE – Negotiations between the Management of Ti Kaye Resort and the National Workers Union (NWU) have reached deadlock. The parties met Tuesday April 18, 2017 at the National Workers Union’s office for discussions which led to the deadlock. The NWU agreed to have a general meeting with staff to decide the way forward. The company on its part ...

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Companies urged to renew outstanding annual licenses

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PRESS RELEASE – The Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs wishes to remind all businesses and enterprises that are subject to quarterly, semiannual or annual renewal of licences or permits that they should have all such permits or licences renewed on time. The Department has observed that a number of enterprises that are subject to ...

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Conditions under which Citizenship by Investment decisions may be revoked

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PRESS RELEASE – In light of the recent Press Release regarding the Citizenship by Investment Programme, please be informed that a Citizenship by Investment, once granted, may be revoked subject only to the provisions of section 38 (1) of the Citizenship by Investment Act No.14 of 2015, on the following grounds: 1. “Such registration as a citizen was obtained by ...

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C&W’s Garry Sinclair showcases innovative Flow Lend app

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PRESS RELEASE – At the recently held Caribbean Telecommunications Union ICT Week & Symposium held on March 20 – 24 in Antigua, C&W’s Caribbean President, Garry Sinclair delivered an interactive presentation during which he showcased the Company’s newest award-winning, customer-focused app – Flow Lend – to more than 100 delegates. He also seized the opportunity to provide an update on ...

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Nina Compton named one of America’s best new chefs

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Nina Compton, who shot to fame after she won the runner-up spot and fan favourite in season 11 of Top Chef, has been named one of the USA’s best new chefs by Food & Wine magazine. Compton is among 12 up-and-coming chefs featured in the publication. “Each year, we tour the country to uncover America’s most brilliant up-and-coming chefs. This ...

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Taiwan makes contribution to second phase of Constituency Development Program

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PRESS RELEASE – Prime Minister Honourable Allen M. Chastanet has called for a broadening of Saint Lucia’s relationship with the Republic of China (Taiwan). Speaking at a cheque handover ceremony for the Constituency Development Program (CDP) on Monday April 10th 2017, Prime Minister Chastanet stated that Taiwan and Saint Lucia needed to form a deeper strategic relationship which will enable ...

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CIBC FirstCaribbean celebrates eight exceptional employees

Senior Executives of CIBC FirstCaribbean join the bank’s 2016 Achievers in the boardroom of its corporate headquarters in Barbados.

PRESS RELEASE – Five women topped the list of eight exceptional employees who were recently feted for their outstanding performance in 2016 by regional bank CIBC FirstCaribbean and its parent CIBC. The five women and three men and their guests embarked on an enchanting cruise from Florida to Cozumel, Mexico and Belize City, Belize aboard the Regent Seven Seas Mariner ...

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Gas and diesel prices decrease, cost of LPG cylinders increase

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PRESS RELEASE – The Public is hereby notified that in keeping with changes in international oil prices and Government’s application of the modified market pass-through petroleum pricing mechanism, the retail prices of gasoline (unleaded) and diesel have been changed. The price of the LPG 20, 22, and 100 lb cylinders have also changed. These price changes take effect from Monday, April ...

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Zandoli begins 1st batch of “Free STEM Education”

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PRESS RELEASE – Zandoli International Foundation launched Zandoli STEM Incubator last year in an effort to provide free STEM education to communities that may have not had the opportunity to participate in these programs otherwise. On Saturday, April 1st, ZIF sent all students who signed up last year, the prerequisites to begin the first batch. If you signed up for the Zandoli ...

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Flow airs library of Caribbean focused content

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PRESS RELEASE – For the first time, Flow TV customers across the Caribbean will be able to see Caribbean themed content at their convenience via Flow’s on Demand platform. Through a partnership with CaribbeanTales Worldwide Distribution (CTWD), customers will be able to access a variety of Caribbean films, from an extensive library every month on Flow On Demand in eight (8) Flow ...

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Gov’t to borrow US$15M from NIC to upgrade sea port and attract mega cruise vessels

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GIS – The Breasting Dolphin Berth at Pointe Seraphine will be extended to facilitate the docking of mega cruise vessels. Prime Minister and Minister for Finance, Economic Growth, Job Creation, External Affairs and the Public Service, Hon. Allen M. Chastanet, at Tuesday’s sitting of the House of Assembly made a motion to parliament to borrow the sum of US$15 million. ...

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Courts St. Lucia donates to “Rise Up”

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PRESS RELEASE – Furniture and Electrical Giants Courts St. Lucia has donated $5000 as part sponsorship of the upcoming Reggae festival “Rise Up, scheduled for Easter Sunday. The official cheque presentation ceremony was held on Monday April 3rd 2017 at the company’s Marisule branch. Unicomer OECS Commercial Director, Mrs Lorraine Sidonie commended the organizers of the event for choosing to ...

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