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Finance/Business

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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“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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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. ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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“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. ...

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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. ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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)

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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, ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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VIDEO: CDB urges Saint Lucia to implement fiscal reform

Saint Lucia will have to undertake a wide range of ambitious fiscal and public financial management reforms to keep its economy on the right track, the Caribbean Development Bank (CDB) has said. Speaking at a live press conference on Thursday, Director of Economics at the CDB Dr Justin Ram said this will ensure the country’s debt profile is placed on a sustainable ...

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Government to announce new VAT rates in October

Saint Lucians could look forward to a reduction in the Value Added Tax (VAT) before the end of the year, according to Prime Minister Allen Chastanet who recently stated that his government is looking at an October deadline. The prime minister who addressed a press conference on Monday a few days after his first 100 days in office, said his government ...

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FLOW’s summer and back to school initiatives get students ready for the new academic year

PRESS RELEASE – Thousands of students around the region are now primed for another school year, as Flow rolled out its summer camps and back-to-school initiatives around the Caribbean to support students and their families. Each year, Flow, the regional communications and entertainment provider partners with local and national community groups to host youth development camps that provide a positive ...

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Accountant General’s Department relocates to Dayana Centre

PRESS RELEASE – The Accountant General’s Department has commenced relocation to the Dayana Centre on the corner of Bridge and Jeremie streets in Castries. While the department does not expect any major disruption in service delivery, it solicits the public’s cooperation during the transition. Effective Monday, Sep. 19, cheque disbursement and cashier services will no longer be provided at the ...

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CDP 2016 funds to pay for completed projects

As the Saint Lucian government was presented with a cheque from the Taiwanese on Monday for the new phase of the 2016 Constituency Development Programme (CDP), Prime Minister Allen Chastanet announced that the advance will be used towards paying for projects that were completed in several constituencies. Chastanet said although it is generally known that the projects are first identified ...

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Sandals takes home 15 awards at 2016 World Travel Awards

PRESS RELEASE – Sandals Resorts International (SRI) was honored with 15 prestigious awards at the 23rd Annual World Travel Awards 2016 Caribbean & North America Gala Ceremony held on September 17th, 2016 at Sandals Ochi Beach Resort. The Luxury Included® Resort Company demonstrated its continued commitment to excellence of the brand and its resorts by receiving, once again, the notable ...

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Digicel congratulates teams in Northern Zone Club Championship

PRESS RELEASE – With an extensive sports investment sponsorship profile for 2016, Digicel on Sunday September 11th through its partnership with Northern United All Stars concluded yet another thrilling sports tournament at the Gros Islet Playing Field. Emerging as champions of the Northern Zone was Massy Stores Northern United who defeated LA All Stars three goals to nil during an ...

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Customers embrace Flow Lend

PRESS RELEASE – Customers who need to top up their phone’s credit but are short on cash, or simply can’t make it to a top-up station, no longer have a problem. Prepaid mobile customers now have an easy way to top up with the innovative Flow Lend App. Using the App, which is available for Android and iOS smartphones, customers ...

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Vaughn Charles plans to challenge his dismissal

Former General Manager of the Saint Lucia Fish Marketing Corporation ​Vaughn Charles is planning to challenge the decision made by his former employer to terminate his employment. “I’ve never been issued a warning letter or spoken to about my performance,” Charles said. He told HTS NewsForce on Wednesday that he was summoned to a meeting ​on ​Friday ​(Sept.9) ​and handed ...

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CIBC FirstCaribbean raises over US$350,000 for cancer

PRESS RELEASE – One of the region’s largest cancer fundraisers is less than three weeks away and so far has raised over USD $350,000 in support of cancer care and awareness. Now in its fifth year, CIBC FirstCaribbean’s Walk for the Cure will see thousands of walkers and runners across the 16 territories where the bank is located, converting major highways ...

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Bolt reports for work as Digicel’s Chief Speed Manager

PRESS RELEASE – Usain Bolt reported for his first day on the job as Digicel’s Chief Speed Officer on Tuesday, September 13. And to mark his first day, Usain’s home was officially upgraded to the fastest in the world. Bolt, who has been an ambassador for the brand since 2003 and is now a global Lifetime Ambassador, was given the royal treatment upon arrival at Digicel’s regional headquarters in downtown ...

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Flow Back-to-School Fair a big success

PRESS RELEASE – Hundreds of children from around Castries and its environs, and in Vieux Fort came out to enjoy the Flow Back-to-School Fair which was held at the Derek Walcott Square last Friday September 2nd and on Saturday September 3rd outside the Flow Exchange on New Dock Road  in Vieux Fort. The aim of the fair was to assist ...

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Saint Lucia accountants recognized

PRESS RELEASE – ACCA the global body for professional accounts will be hosting a member Recognition Ceremony and cocktail event at the Bay Gardens Beach Resort on Friday September 9, 2016 at 5.30 pm. We are pleased to invite you as a respective member of the media in St. Lucia to attend and cover this auspicious event which will recognize many prominent St. ...

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