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Finance/Business

PRESS RELEASE: SRDF gives back to Soufriere

The Soufriere Regional Development Foundation (SRDF) continues to make strides in fulfilling its corporate responsibility by ensuring that its mandate and vision to be a financially viable organization contributing toward the development of the community is achieved. On Friday, June 9th, 2017, the organization held a donation ceremony to formally present financial aid and support to a cross section of ...

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PRESS RELEASE: Loans as low as 4.5% interest now available at SLDB

The Government of Saint Lucia, through the Disaster Vulnerability Reduction Project (DVRP), is pleased to announce the availability of low-interest loans via the Climate Adaptation Financing Facility (CAFF). The loans, available from the Saint Lucia Development Bank (SLDB), can be used to undertake any initiative that builds resilience to natural disasters and helps to adapt to climate change. Loans are ...

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PRESS RELEASE: BOSL volunteers answer the NCFs call

Bank of Saint Lucia (BOSL) continues to honour its commitment to the National Community Foundation. At the recently held National Telethon on May 28th, BOSL volunteers donned in signature orange t-shirts were the first to man the pledge telephone lines. The orange army members were happy to fulfill their role in soliciting and receiving pledges, as all parties worked toward ...

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Dr. Fletcher: Closing Marketing Board is not the best alternative

While conceding that it has not been efficiently managed, former head of the Saint Lucia Fish Marketing Corporation (SLFMC) Dr. James fletcher has said the closure of the Saint Lucia Marketing Board (SLMB) is not the best alternative. Instead, he believes that restructuring the government agency and or perhaps a consolidation of the unit with the Fish Marketing Corporation will ...

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PRESS RELEASE: Customers winning with Flow Endless Everything Summer

More than a dozen winners have been named already in the Flow Endless Everything Summer promotional campaign, and each has been presented with $300.00 in cash. These are the first recipients in the company’s $100,000 giveaway, which includes cash, smartphones, tickets, VIP passes to events like the Roots & Soul Festival, sunglasses from Family Eye Care, costumes for Saint Lucia ...

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PRESS RELEASE: RedBarrel launches the Caribbean’s online marketplace

RedBarrel, the business and domain of the Caribbean’s online marketplace, has officially opened its doors in The Bahamas, Barbados and Trinidad and Tobago, allowing anyone with an internet connection to buy virtually anything online. Powered by Digicel, RedBarrel allows customers to shop from an extensive product selection including beauty and fashion, home and garden, jewellery, toys and electronics – with ...

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PRESS RELEASE: CIP Encounter Series in Vieux Fort

As the Chamber of Commerce continues its efforts to keep members abreast of critical issues affecting the country and their business, the Chamber hosts another informative discussion in its “Encounter Series” once again in the South of the Island. On Wednesday June 14th the Citizenship by Investment Program will be the Subject of Discussion at the NSDC Conference Facility from ...

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PRESS RELEASE: Department of Commerce to host signing ceremony with SBFIC

The Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs will be hosting a signing ceremony with one of its key international partners, the Savings Banks Foundation for International Cooperation (SBFIC), on June 08, 2017 at 2:30 p.m. at the Department’s Conference Room. This signing ceremony seeks to formalize the relationship between the Department of Commerce and the ...

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PRESS RELEASE: 11 projects selected for INTERREG Caraïbes programme

The 2nd Selection Committee for the INTERREG Caribbean Program 2014-2020 has made public the list of the 11 projects eligible for European funding; Many countries in the Caribbean will benefit from these projects, as follows : 1- TEECA : Set up a Trade Facilitation Team and improve knowledge on existing financing solutions in the Caribbean area in partnership with the ...

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PRESS RELEASE: Brazil Chamber of Commerce focuses on getting to know St Lucia’s market

The President of the Chamber of Commerce Brazil St. Lucia at a meeting attended by businessmen and public authorities from Brazil and South America presented the international market of the countries that form CARICOM, especially the State of St. Lucia, demonstrating the advantages of states, and municipalities to exercise paradiplomacy as the purpose of increasing commercial, industrial, cultural, educational, sports, ...

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PRESS RELEASE: All new Kia Picanto now available from Northwest Ltd

With its compact size, fuel-efficient engine and well-engineered chassis, transmission and drive-train, the NEW KIA PICANTO is a highly maneuverable, economical and thoroughly likeable small hatchback that challenges strongly for best in class honours. It’s quiet, efficient 1.2L gasoline engine produces 87ps @ 6000rpm, driving the front wheels through a 4-speed automatic transmission that offers quiet operation and shift points ...

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PRESS RELEASE: GK Insurance and EC Global unveil Angel Advantage Plus

Female drivers have every right to be treated like angels. Based on this philosophy, GK Insurance through its agents, EC Global Insurance Agency, has unveiled the new Angel Advantage Plus Insurance Policy. The revamped policy is tailored exclusively for female drivers and offers a slew of benefits to its policyholder. EC Global Agency Manager, Anne Marie Herman explained, “Angel Advantage ...

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PRESS RELEASE: SRDF records substantial revenue increases

The Soufriere Regional Development Foundation (SRDF) has recently come in for much praise from the government of St.Lucia and hailed in many circles for its invaluable contributions to community development and its active role in addressing and mitigating socioeconomic issues prevalent in the South Western quadrant of the island. After completing its operations expansion to manage port Soufriere in December ...

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Proven profits from derisking… gets St Lucia bank at US$8m discount – Jamaica Gleaner

Details are now emerging that Proven Investments Limited bought the Bank of St Lucia International (BOSLIL) at a “bargain” price, or roughly two-thirds of its value. The valuation seemed to have been influenced by challenges faced by the St Lucia bank due to a loss of foreign correspondent banking relationships. Concurrently, Proven, which doubled its assets to US$632 million as ...

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PRESS RELEASE: Saltibus Cooperative Credit Union to host 32nd Annual General Meeting

The Saltibus Cooperative Credit Union Ltd, will host its 32nd Annual General Meeting on Sunday 4th June from 2:00 P.M. The Meeting will be Held at the Piaye Secondary School. This year’s AGM will highlight the credit union’s achievements over the twelve month period as well as examining coping strategies and efforts as improving its value preposition. The credit union ...

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PRESS RELEASE: PM to attend Investment Migration Forum

Saint Lucia will be well represented at the Investment Migration Forum in Geneva, Switzerland from June 5th to June 7th. Prime Minister Honourable Allen Chastanet will attend the event, after spending a few days in London, along with members of the Citizenship by Investment Unit. The event is the world’s premier independent forum on the subject of citizenship-by-investment and investor ...

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PRESS RELEASE: Flow offers up $100,000 in Endless Everything Summer

Saint Lucia and the Caribbean’s leading telecommunications service provider, Flow, has lifted the curtains on its exciting new summer promotion. Endless Everything Summer will see customers winning prizes including smartphones, tickets and VIP passes to events including the Soleil Saint Lucia Summer Festival, sunglasses from Family Eye Care, costumes for Saint Lucia Carnival, plane tickets, fuel, free data, and credit. ...

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BREAKING NEWS: Sandals acquires Saint Lucia Golf Course

PRESS RELEASE – Sandals Resorts International (SRI) is proud to announce it has acquired the magnificent Cap Estate 18-hole Championship Saint Lucia Golf Course, with a commitment to transform it into a world-class facility that can facilitate major international tournaments. Soon to be rebranded as the Sandals St. Lucia Golf and Country Club at Cap Estate, this new investment in ...

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PRESS RELEASE: NWU blasts security companies, accuses some of siphoning funds

The National Workers Union (NWU) is displeased with information reaching the organization that suggests that some security service companies on the island continue to siphon huge chunks of their contractual financial earnings from Saint Lucia to overseas headquarters. Some of the security service companies on island do not employ Saint Lucians who could form part of their administrative and accounting ...

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Employment opportunities lost from Walcott House closure – Richardson

Public Relations Officer (PRO) of the Grass Street Development Association Gowdin Richardson has expressed disappointment in the abrupt closure of the Walcott House and has said that he is worried that various employment opportunities will be lost if the closure is permanent. In a press release, the Saint Lucia National Trust announced that it would be closing the facility indefinitely, ...

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PRESS RELEASE: Ladera Resort challenges St. Lucia businesses

Ladera Resort, the original open-air luxury retreat, has issued a challenge to all businesses in St. Lucia to support charitable endeavors here at home. “We believe strongly in charity and giving back to our communities, which is why our Good Works Group has for many years supported educating children, feeding the hungry and strengthening the ability of our religious institutions ...

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PRESS RELEASE: Clients and employees were the focus of CIBC’s 150th anniversary celebrations

People were the central focus of activities to commemorate the 150th anniversary of the Canadian Imperial Bank of Commerce (CIBC) family across its international network. Last week, CIBC FirstCaribbean International joined CIBC banks worldwide, in activities to mark the 150th milestone of their parent company, CIBC. The bank was established on May 15, 1867. On that day this year, CIBC ...

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“Investing in St. Lucia gives me more opportunities and lower taxes” – CIP investor speaks

Andrew Henderson, an American investor and founder of the Nomad Capitalist, is one of several persons who have invested in St. Lucia’s Citizen by Investment Program  (CIP). Henderson, who is an American, sees CIP as the way forward for many countries as people worldwide travel more for work and business. “I think the world is going more nomadic.  People don’t ...

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PRESS RELEASE: From Caddy to Diamond Talent of the Year

Marcus Monrose is the Diamond Talent of the Year at Sandals Regency LaToc. Monrose was crowned last Thursday May 25, 2017at the resort’s 9th annual Prestige Awards featured in a vintage Hollywood setting. He was surrounded by hundreds of supporting team members, resort management from across the Sandals Saint Lucia group and guests at the resort. The Sandals Prestige Awards ...

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Business association for the south in the pipeline

Business owners in the south of the island will soon have a stronger say on matters relating to their businesses and be in a position to make demands for betterment from the powers that be. That’s when the Southern Business Association is established in Vieux-Fort to cater for the needs of its members. On Wednesday, a business forum was held ...

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PRESS RELEASE: Tribute to William ‘Vavan” Antoine

William ‘Vavan’ Antoine of Du Bonnaire in the Mabouya Valley was a Beekeeper, Farmer and also a Carpenter. He was a founding member of the Mille Fleurs Honey Producers’ Cooperative and he stuck with the Cooperative through thick and thin because beekeeping and the Cooperative was in his blood. He held many positions on the Cooperative’s executive, including President, Vice ...

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St. Lucia products attract interest at Agroalimentaria 2017

The five Saint Lucian product lines spotlighted at the just concluded Agroalimentaria 2017 trade show in the Dominican Republic (DR) held their own and attracted interest from host country buyers as well as those from  Dubai, Martinique, the US, France, Bahamas and Turks and Caicos. The Saint Lucia Trade Export Promotion Agency (TEPA), coordinated Saint Lucia presence at the trade ...

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PRESS RELEASE: Eleven St. Lucians in OECS 30 Under 30 entrepreneurs competition

The OECS Commission is pleased to announce that after five months, and over one hundred applications from young business men and women throughout the region, the top 30 Under 30 entrepreneurs have been chosen. The selected cohort represent a diverse cross section of industries, including Food and Beverage, Art and Photography, Business, Technology, Agriculture, Sustainable Development, Social Development, Sports, Photography and ...

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

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

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

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

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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Campari to blend into Soca Switch 3

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

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

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

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

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

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”

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

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

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

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

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

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+

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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