Finance/Business

Illness hits LIAT’s bottom line

ANTIGUA OBSERVER – LIAT pilots have blamed a region-wide flu outbreak and the Zika virus for crew-affected illnesses that the airline said is costing it millions in revenue and affecting thousands of passengers. OBSERVER media was recently afforded the opportunity to peruse documents that showed just how the absence of pilots and cabin crew — due to the illness — ...

Read More »

Executive diplomas for Massy Stores leadership team

PRESS RELEASE – The Leadership Team at Massy Stores (SLU) Ltd. is now better equipped to handle the challenges of their jobs. Over the last eight months the team of twenty two have been undergoing an intensive leadership development programme designed to build and enhance their capacities to lead their teams. The programme was developed and facilitated by St. Lucian ...

Read More »

New digital marketplace launched to aid small businesses

PRESS RELEASE – Global Entrepreneurship Week (GEW) was declared opened by Hon. Bradley Felix – Minister in the Office of the Prime Minister with responsibility for Commerce, Industry, Investment, Enterprise development and Consumer affairs. As the closing activity of the official launch of GEW the Sales Only App was unveiled to a packed Sandals Halcyon ballroom comprising of Government officials, ...

Read More »

Gov’t receives approval to reinstate suspension of CET on pharmaceuticals

PRESS RELEASE – The Government of Saint Lucia has received approval from the Council on Trade and Economic Development (COTED) to suspend the Common External Tariff (CET) on pharmaceuticals. When the issue of the expiration date for the waiver of the CET came to the Government’s attention in September of this year, both Prime Minister Honourable Allen M. Chastanet and ...

Read More »

CIP to host public consultation

PRESS RELEASE – The Citizenship by Investment Unit officially began accepting applications for citizenship by investment on January 4th, 2016. As the end of the first year of operations approaches, the Unit is involved in a wide ranging assessment of the programme. To date, the following activities have been undertaken: 1. Survey of key stakeholders and the public; and 2. ...

Read More »

John Reid confirmed as CEO of Cable and Wireless

PRESS RELEASE – John Reid has been confirmed as Chief Executive Officer of C&W Communications (“C&W”, or the “Company”) effective November 7, 2016. C&W serves 18 countries and is one of the largest full service telecommunications and entertainment providers in the Caribbean and Latin America. The Company was recently acquired by Liberty Global plc “Liberty Global”, the world’s largest international ...

Read More »

Flood-Beaubrun attends international business forum in Cancun

PRESS RELEASE – The Embassy of Mexico has the pleasure to inform of the success of the International Business Forum of the Greater Caribbean, which took place in Cancun, Mexico, from the 16th to the 18th of November. Numerous representatives from the business sectors and governments of the region attended the Forum, which saw the participation of over 160 companies ...

Read More »

Martin Dorville is new Chamber of Commerce president

PRESS RELEASE – Martin Dorville Managing Director of Massy Stores (SLU) Ltd. is the New President of the St. Lucia Chamber of Commerce Industry and Agriculture. Mr. Dorville was elected unopposed at the 132nd Annual General Meeting of the Chamber held at the Royal St. Lucian Hotel on Wednesday 16th November, 2016. Mr. Dorville takes over the Presidency at a ...

Read More »

Digicel customers to get gifted this Christmas

PRESS RELEASE – The Pearl on Thursday November 17th, was the setting of yet another historic Christmas Launch for the region’s leading telecommunications and entertainment provider, Digicel. Digicel St. Lucia unveiled its grand 2016 Christmas campaign themed ‘#GetGifted’ and has yet again raised the bar to ensure St. Lucians all have an opportunity to enjoy an extraordinary Christmas. Digicel’s #GetGifted ...

Read More »

Flow customers enjoy ‘Most wonderful time of the year’

PRESS RELEASE – Flow is heralding the Yuletide season with a Christmas campaign designed to be one of the most memorable ever, with lots of giveaways and specials including cash and prizes to be dished out to our customers. On Wednesday, the company unveiled its 2016 Christmas promotion aptly named ‘The Most Wonderful Time of the Year’ at the William ...

Read More »

Private sector relief takes focus at Chamber of Commerce AGM

PRESS RELEASE – The Saint Lucia Chamber of Commerce membership had some major questions for Minister in the Minister of Finance Honourable Dr. Ubaldus Raymond after he addressed the Annual General Meeting on Wednesday 16th November 2016 at the Royal St. Lucian Hotel. Held under the theme “Making it Easier to Do Business” members of The Chamber of Commerce, Industry ...

Read More »

Review of island’s tax regime an ongoing exercise

PRESS RELEASE – The Government of Saint Lucia will continue to review the tax regime of the country with a particular concentration on the Value Added Tax (VAT). A review will be ongoing in order to ensure the formulation of a most effective tax structure for the island’s economic and fiscal viability. This commitment was given to the citizenry by ...

Read More »

Gov’t yet to decide whether to reduce VAT exemption list

One of the recommendations coming out of a joint Caribbean Development Bank (CDB) and Eastern Caribbean Central Bank (ECCB) report which looked at Saint Lucia’s overall economic performance, was to reduce the number of items on the Value Added Tax (VAT) exemption list. But Senator Dr. Ubaldus Raymond, a minister within the Ministry of Finance has said that the government is ...

Read More »

Parliament approves Christmas barrel concessions for 2016

PRESS RELEASE – The much anticipated concessions on Christmas barrels are on again for the festive season. Government has announced a 100 percent waiver of import duty on barrels imported between December 1, 2016 and February 15, 2017. By Cabinet Conclusion No. 295 of October 24, 2016, Government approved the following concessions with regard to the Christmas Barrel Trade: 100 ...

Read More »

Sandals CEO gets warm welcome from Trinidad & Tobago business community

PRESS RELEASE – Business leaders in Trinidad and Tobago have reacted with excitement to news that Sandals Resorts International, the region’s leading luxury-included resort, is interested in establishing both a Sandals and Beaches resort in Tobago. While Sandals has established its brand in several Caribbean Islands, it has yet to do so in the oil-driven twin-island Republic. However, an invitation ...

Read More »

TEPA and CEDA host PRONET resource management module

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency (TEPA) in collaboration with Caribbean Export Development Agency (CEDA) will be hosting The Resource Management module of the ProNET Training Series for Small and Medium Sized businesses (SMEs) as well as other interested persons on November 15-16, 2016 from 9am – 4pm. ProNET is a structured training programme to build ...

Read More »

Department of Commerce and Toast Masters Assn host Business Month workshop

PRESS RELEASE – As part of activities in observance of Business Month 2016 under the theme, “Your Passion, Your Business” the Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs will be hosting a Public Speaking Workshop entitled, “Art of the Elevator Pitch” on November 11th, 2016, at 10:00 a.m. at the Department of Infrastructure, Ports and Energy ...

Read More »

Massy Stores supports Diabetes Awareness Month

PRESS RELEASE – Formerly CFL now Massy Stores, the supermarket chain has been an avid supporter of the St Lucia Diabetes & Hypertension Association from 2006. Now celebrating 10 years of a strong partnership, the company has pledged even more support for the Association, whose activities this year will focus on the impact of Diabetes on the eyes and the ...

Read More »

“St. Lucia must lead” – New ECCB governor

PRESS RELEASE – The Governor of the Eastern Caribbean Central Bank Mr Timothy Antoine addressed members of the Chamber of Commerce on November 4th 2016. Mr. Antoine’s address was entitled “A New Vision for a New Era: 2016-2020 and Beyond, Saint Lucia Scorecard.” The Business community came out in large numbers for the Luncheon presentation int. Mr. Antoine expressed his ...

Read More »

Prime Minister announces VAT reduction

Prime Minister Allen Chastanet last night announced the VAT reduction which has been eagerly awaited by St. Lucians since it was promised in the elections earlier this year. The reduction, which will take effect on February 1, 2017, will pump $52.5 million into the hands of St. Lucians according to the PM. The VAT reduction will see a cut from the ...

Read More »

IMF predicts 1.5% growth for St. Lucia this year

St. Lucia is expected to see 1.5% growth this year according to the IMF. This is slightly up from the 1.44% that was experienced by the island last year. This is one of the lowest growth predictions for the Caribbean as the country continues to recover from the 2008 economic crisis. St. Lucia has seen anaemic growth for the past ...

Read More »

Chamber continues to engage Minister of Commerce

PRESS RELEASE – Members of the Board of the St. Lucia Chamber of Commerce Industry and Agriculture again met with Minister in the Prime Minister’s Office with Responsibility for Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs, Honourable Bradly Felix on Tuesday 1st October 2016 where discussions on a wide range of issues. This is the third Meeting with ...

Read More »

MSME Finance and Equity Symposium in observance of Business Month 2016

PRESS RELEASE – As part of activities in observance of Business Month 2016 under the theme, “Your Passion, Your Business” the Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs will be hosting a Finance and Equity Symposium tailored to Micro, Small and Medium Enterprises (MSMEs). The event will be held over two days, Wednesday November 2nd and ...

Read More »

Island Wifi by Bay Gardens Resorts

PRESS RELEASE – The locally owned and operated award-winning resort chain, Bay Gardens Resorts in St. Lucia, has introduced an innovative new service for guests who want to stay connected on the go: “Island Wifi”. The popular and forward-thinking resort chain has been the first to offer many new initiatives in the Caribbean, which include their “The Taste of Rodney ...

Read More »

PM to attend high level IMF forum

PRESS RELEASE – The International Monetary Fund (IMF) in partnership with the Government of Trinidad and Tobago will on Wednesday November 2nd hold a high level Caribbean Forum in Port of Spain.   The one-day conference will be held under the theme “Shifting Tides: Challenges and Opportunities” and will focus on unique issues affecting the Caribbean. Prime Minister Honourable Allen ...

Read More »

Caribbean Airlines launches mobile app

INEWS GUYANA – Caribbean Airlines (CAL) has launched a mobile website application which allows customers to book flights, add or update frequent flyer information, add or update contact details, or add seats and meal preferences and a list of other features,using an Android or iOS smartphone device. According to a statement issued by the airline, “CAL recognises that customers need ...

Read More »

CARILEC helping to bring back power in Bahamas post Matthew

PRESS RELEASE – The Caribbean Electric Utility Services Corporation (CARILEC) is currently coordinating a team of thirty-five (35) linemen from seven (7) of its Full Member utilities to help rebuild the electrical power network of  the Bahamas Power and Light Company (BPL) in the Commonwealth of The Bahamas, following damages inflicted by Hurricane Matthew. The CARILEC Secretariat, which is known ...

Read More »

Cox and Company Ltd. celebrates 90 years

PRESS RELEASE – Cox and Company Limited was established in 1926 and is today one of the few remaining successful family owned and managed businesses on the island of St. Lucia. The company celebrated 90 years in business, starting with a thanksgiving service held at the Cathedral of the Immaculate Conception, on Sunday 23rd October, 2016.  In attendance at this ...

Read More »

St. Joseph’s Convent students get career guidance from Flow team

PRESS RELEASE – Over the years Flow has given many young St. Lucians the opportunity to benefit from real-life work experience and become part of the Flow Family through fulltime employment and by way of in-house, work-training apprenticeship programs. This week the company demonstrated, once again, that is committed to delivering on what it considers to be a vital part ...

Read More »

TEPA to offer ProNET training to SMEs

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency (TEPA) in collaboration with Caribbean Export Development Agency (CEDA) will be hosting. The Production Management Module of the ProNet Training Series for Small and Medium Sized businesses (SMEs) as well as other interested persons in Saint Lucia on October 24- 25, 2016 from 9am – 4pm. ProNET is a structured ...

Read More »

Digicel kickstarter players jet off to Manchester City

PRESS RELEASE – The Digicel Kickstart programme is giving 12 young aspiring footballers an opportunity of a lifetime – to visit Manchester City to train with, and learn from, some of the best coaches in the world. The 12 boys were handpicked from a total of 420 boys who participated in the Kickstart Programme which hosted fourteen Clinics across the ...

Read More »

Elks Credit Union message for Credit Union Day

PRESS RELEASE – Credit Union Members, as we observe International Credit Union Day today under the theme “The Authentic Difference” it is only fitting that we thank all those who have and continue to contribute to the advancement of the Elks Credit Union and by extension the Credit Union Movement. You all have made the difference that Credit Unions can ...

Read More »

Gov’t to relaunch Citizenship by Investment Program

Government has plans to restructure and relaunch Saint Lucia’s Citizenship by Investment Program (CIP). This announcement was made by Prime Minister Allen Chastanet on Wednesday evening during an appearance on News Maker Live with host Timothy Poleon on DBS Television. Chastanet said, “We are currently reviewing the structure of CIP. We are hoping that by November, we will be able ...

Read More »

Saltibus Credit Union observes International Credit Union Day in a big way

PRESS RELEASE – The Saltibus Credit Union was established in 1978 and has been a catalyst  in community development, driving unemployment in the Choiseul – Saltibus community. The credit union joins the rest of the world in the celebration of International Credit Day on Thursday October, 20th 2016. The theme for this year’s observance is “THE AUTHENTIC DIFFERENCE”. The Saltibus ...

Read More »

Temporary closure: Department of Finance

PRESS RELEASE – The Department of Finance will be relocating from Friday, Oct. 21, to Monday, Oct. 24. As a result, the Office of the Director of Finance, Administration and Accounts, Budget Office, Research and Policy, Financial Administration, Evaluation and Monitoring, and the Debt and Investment sections will be closed to the public on Oct. 21 and Oct. 24, to ...

Read More »

Partnership agreement between Assessment and Development Consultants and Beyond Consulting

PRESS RELEASE – In September 2016, Beyond Consulting Limited signed a partnership agreement with Assessment and Development Consultants (a&dc), and now represents them in the English-speaking Caribbean. Beyond Consulting is a consultancy based in Trinidad and Tobago and has been in operation since early 2009, and specialises in Recruitment and Management Development, through the use of Psychometrics and Assessment Centres. ...

Read More »

Bay Gardens Resorts rewards Levern Spencer

PRESS RELEASE – The locally owned and operated resort chain, Bay Gardens Resorts, has rewarded Saint Lucian Sports Hero, Levern Spencer, with an all-inclusive weekend experience at the award winning Bay Gardens Beach Resort and Spa. This reward is to honour her recent achievements at the 2016 Rio Olympics, in which she placed 6th in the High Jump competition, the ...

Read More »

Channel now part of innovative Flow Sports ‘Premier Pack’

PRESS RELEASE – Caribbean fans of Chelsea F.C. have a new reason to cheer, as they can now follow all the ‘The Blues’ action on Flow’s video platforms. Flow video customers can now choose Chelsea TV as part of the Flow Sports Premier Pack. They also get 13 additional channels, such as Flow Sports Premier, Flow Sports Plus and Flow ...

Read More »

New entrepreneurship opportunities promoted at ACE

GIS – Saint Lucia’s Innovation Minister recently returned from the sixth Americas Competitiveness Exchange on Innovation and Entrepreneurship (ACE). The sixth ACE facilitated the sharing of knowledge and best practices for strengthening relations and developing partnerships among countries of the Americas and beyond. Hon. Dr. Gale Rigobert said the event exposed her to the nuances of several innovative entrepreneurship sectors ...

Read More »

PM and finance team “encouraged” by economic policies following World Bank/IMF meetings

PRESS RELEASE – The Finance team representing Saint Lucia at the 2016 Annual Meetings of the World Bank Group and International Monetary Fund (IMF) last week is pleased with discussions held with officials there from October 7-9. Prime Minister Honourable Allen M. Chastanet, Minister in the Ministry of Finance Honourable Dr. Ubaldus Raymond, Permanent Secretary in the Ministry of Finance ...

Read More »

Saint Lucia to toughen up on work permits

The government plans to give serious consideration to applying tougher requirements for work permit applications, to provide maximum opportunity for job vacancies to be filled from within Saint Lucia. Labour Minister Stephenson King made this disclosure during an appearance on News Maker Live on Tuesday, stating that there are many foreign nationals who continue to apply for unskilled and sometimes ...

Read More »

“A taste of Saint Lucia” at Drewtons Estate

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency (TEPA) in collaboration with the British-Caribbean Chamber of Commerce Saint Lucia (BCCC) and Drewtons Estate and Farm Shop hosted a Saint Lucian Themed Dinner and Saint Lucian Day (product exhibition and sampling) during the October 7 – 8 weekend to promote St Lucian products and services within the UK market. ...

Read More »

Windjammer landing welcomes Rene Cahane

PRESS RELEASE – Fresh on the heels of Windjammer Landing Villa Beach Resort’s US$42 million investment to property enhancements, the resort is pleased to welcome world-renowned René Cahaneas the new executive head chef, where he will create a dynamic and memorable dining experience for even the most discerning guests. “We successfully invested upgrading our physical structures and personal wellness offerings. ...

Read More »

BCCC welcomes new bank report on the Brexit effect on the Caribbean

PRESS RELEASE – A newly published bank report on the effects of Brexit on Caribbean economies has been welcomed by The British Caribbean Chamber of Commerce Saint Lucia (BCCCSL). The Inter-American Development Bank’s independent analysis says the effects will be negligible for 2016/17 as the Chamber pledges to play its part in supporting regional initiatives to engage with the UK ...

Read More »

Piton Beer dresses up for Creole Month

PRESS RELEASE – Saint Lucia’s very own International award winning Piton Beer, is heralding Creole Heritage Month with a brand new Kweyol inspired look. This year’s latest collector’s item from Windward and Leeward Brewery Limited (WLBL) features the islands creole colours and flair just in time for Jounen Kweyol 2016. “Piton is a truly Saint Lucian beer and a beverage ...

Read More »

Digicel launches exciting creole promotion

PRESS RELEASE – As part of Digicel’s observance of Creole Heritage Month for the month of October, the region’s leading telecommunications and entertainment company has unveiled its new and exciting promotion to coincide with the international cultural observation. Dubbed as the ‘Lucian Creole Word Game’, the promotion which will run until October 25th will reward one lucky Digicel customer with ...

Read More »

TCL cement has a new look

PRESS RELEASE – Trinidad Cement Limited announces the launch of its new packaging. The novel sack is not just attractive but designed to minimise spillage during the transportation process as well as extend the brand’s shelf life once stored under the correct conditions. Having achieved the highest international cement standards – ASTM and BSEN, TCL maintains a very robust process ...

Read More »

Damian Mc Gowan wins Courts Sleep-A-Thon Competition

PRESS RELEASE – Twenty Six Year old Damian Mc Gowan, has won the highly anticipated Courts Sleepathon Competition. The competition which was launched in conjunction with the company’s recently concluded Bedding Promotion, was held on Wednesday October 5th at Courts on the Chaussee. Nine persons were selected to participate in the competition which begun at 9 am and continued until ...

Read More »

Sea Jays Swim Club and Capri-Sun team up to host the Capri-Sun Short Course National Swim Championship

PRESS RELEASE – During the weekend of October 21st, The Sea Jays Swim Club alongside its title sponsor Capri- Sun will host the Capri-Sun Short Course National Swim Championship which serves as a qualifying meet for a team of 34 swimmers to represent St. Lucia in the OECS Swim meet scheduled in St. Vincent in November 2016. Capri-Sun, through their ...

Read More »

St. Lucia officials attend 2016 Annual Meetings of World Bank and IMF

PRESS RELEASE – A team from Saint Lucia, along with Prime Minister Honourable Allen M. Chastanet, will attend the 2016 Annual Meetings of the World Bank Group and International Monetary Fund (IMF) in Washington DC from October 7-9. Minister in the Ministry of Finance Honourable Dr. Ubaldus Raymond, Permanent Secretary in the Ministry of Finance Cointha Thomas and Permanent Secretary ...

Read More »

Collective bargaining negotiations concluded at several CSA branches

PRESS RELEASE – The St. Lucia Civil Service Association has recently concluded Collective Bargaining Negotiations with the following Branches: 1. St. Lucia Air and Seaports Authority (SLASPA) 2. Water and Sewage Company (WASCO) 3. Choiseul Co-operative Credit Union 4. St. Lucia Marketing Board 5. St. Lucia Solid Waste Management Authority All the Agreements are for three year duration. The difficult, amicable ...

Read More »

Two Saint Lucians among new batch of managers to graduate from Sandals

PRESS RELEASE – After a two-year journey which saw them working the ranks in every department in various resorts all across the region, 25 participants in Sandals Resorts International’s (SRI) Management Trainee Programme have officially shed the trainee title and will now move into management roles, following a graduation ceremony held last weekend. The new managers were selected from a ...

Read More »

Banks to remain closed

The Bankers Association of Saint Lucia wishes to inform its customers and the general public that as a result of the passage of Tropical Storm Matthew, all banks will remain closed today Thursday 29th September 2016. Most ATMs island-wide, online and mobile banking services are available. Normal operational hours resume tomorrow Friday 30th September 2016. (0)(1)

Read More »

Businesses to close at noon today as severe weather approaches

All businesses on Saint Lucia have been instructed to close at noon today Wednesday, September 28, 2016 in light of the impending severe weather. Acting Prime Minister Lenard Montoute said in a statement early Wednesday morning that the weather system is expected to pass over Saint Lucia sometime after mid-day today, Wednesday. With the passage of this weather system, heavy rains, ...

Read More »

Chastanet: “New taxes to be less burdensome”

GIS – Saint Lucia’s Prime Minister Hon. Allen M. Chastanet, said recently that a new macro-economic policy is in order, as the fiscal health of Saint Lucia needs urgent attention. Mr. Chastanet said after he grasped the totality of the country’s financial situation, he began working with ministries and statutory agencies to deal with their immediate crises and to plan ...

Read More »

Chastanet to announce budget in April, 2017

GIS – Prime Minister of Saint Lucia Hon. Allen M. Chastanet said he has spent his first 100 days in office working on a plan to reduce Saint Lucia’s debt to GDP ratio, as the island’s deficit is larger than anticipated. Mr. Chastanet said the new government’s term in office began with the realization that the 2016/2017 budget grossly underestimated ...

Read More »

Financial investigator training for RSS member states

PRESS RELEASE – The Regional Security System (RSS) Asset Recovery Unit (ARU) concluded a two week standardised training course for financial investigators with a closing ceremony at the Pommarine Hotel in Barbados on September 23, 2016. Guest speakers were Jefferson Clarke, Law Enforcement Advisor of Caribbean Financial Action Task Force (CFATF) and Brian Roberts, RSS Regional Maritime Officer, who also presented participants ...

Read More »

Flow study gets more Caribbean students closer to examination success

PRESS RELEASE – As parent and students get fully into the new school term, Flow unveils its e-learning platform, Flow Study, an online portal to help students better prepare for the CAPE and CSEC examinations. One of the most significant features of Flow Study is that it offers access to a comprehensive range of educational materials, including exam strategies, past ...

Read More »

OAS and University of Texas at San Antonio consultants to visit St. Lucia to target growth in MSE

PRESS RELEASE – The Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs continues its efforts to facilitate growth of the Micro and Small Enterprise (MSE) Sector in Saint Lucia through the Small Business Development Centre (SBDC) and the SBDC Network of Partners. Visiting consultants from the Organisation of American States (OAS) and the University of Texas at San Antonio will be ...

Read More »