Finance/Business

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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New Friday banking hours annouced by Bankers Assn

PRESS RELEASE – The Bankers Association of Saint Lucia announces new banking hours for Friday banking. The new banking hours on Fridays, approved by the Eastern Caribbean Central Bank, will be from 8:00 a.m. to 4:00 p.m. This change in hours of operation which takes effect from Friday 7th October 2016, represents the harmonization of banking hours in territories across ...

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Leeboration wins praise from Flow

PRESS RELEASE – Flow has congratulated the organizers of Leeboration and the “Artistes for Leebo” movement for staging of an event hailed by many as one of the greatest public outpourings of love and solidarity ever seen in St. Lucia. The Leeboration Concert which held last Sunday (August 28) at the Daren Sammy Cricket Ground drew hundreds of patrons and ...

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88.5 Soufriere FM celebrates 6th anniversary

PRESS RELEASE – The management and staff of 88.5 Soufriere FM are gearing up to observe a milestone. On Sept 1st, 2016, the community radio station will celebrate its sixth year of operation. As with all radio stations there is added hype around the anniversary period.  Soufriere FM has operated no differently and intends to increase its public engagement during ...

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9th Annual Saint Lucia-Taiwan Partnership Trade Show set for November

PRESS RELEASE – The Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs in partnership with the Embassy of the Republic of China (Taiwan) will host the 9th Annual Saint Lucia-Taiwan Partnership Trade Show at Johnsons Centre, Rodney Bay, from November 25 to 27, 2016. The Trade Show will highlight a wide range of quality goods and services from Saint Lucia and ...

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C&W partners with Ericsson and Cisco to enhance its Caribbean IP networks

PRESS RELEASE – Ericsson (NASDAQ: ERIC) and Cisco (NASDAQ: CSCO) today announced an agreement to supply and install IP networks for C&W Communications, which operates the retail brand Flow, in three Caribbean markets. The plans include an upgrade to the IP backbone network in the Bahamas to improve performance and support an increase of traffic, and a new business-to-business IP/MPLS network in Jamaica and Barbados. ...

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Brexit could affect St. Lucia’s banana industry – Razzaque

The head of the Secretariat’s international trade policy section, Dr Mohammad Razzaque, believes that the recent referendum that saw Britain exit the EU will negatively affect St. Lucia’s banana industry. In a release issued by the London-based Commonwealth Secretariat, Dr. Razzaque expressed concerns that St. Lucia’s already struggling banana industry will come under further pressure unless certain measures are taken. “More than ...

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NCA president resigns after one year on the job

Banker, Trevor Albert, has resigned as president of the National Consumers Association (NCA) and will vacate this post on September 13, 2016. Albert has cited personal reasons for him leaving. He was elected president at the 6th Biennial General meeting of the NCA held in September 2015. He had promised to commence a nation-wide campaign aimed at educating consumers about their rights. The ...

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The Caribbean Association of Banks applauds IMF Managing Director Christine Lagarde

PRESS RELEASE – The Caribbean Association of Banks Inc. (CAB) strongly supports the recent remarks and proposed approach of IMF Managing Director Christine Lagarde, regarding the de-risking/correspondent banking issue. As she states, “It is a collective action problem that calls for a collective solution”. The CAB has been active in raising and advocating on this issue and its effects on the Caribbean region, since ...

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Massy Stores meet with farmers in annual meeting

PRESS RELEASE- Massy Stores (formerly CFL), held its Annual Registered Farmers’ Meeting on Wednesday August 24th, 2016 at the Union Orchid Gardens Conference Room under the theme “Massy Stores, committed to working with the farming community”. As the largest purchaser of agricultural goods including produce, livestock, poultry and value added products, the company reaffirmed its commitment to the agricultural sector to ...

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Bay Gardens Resort awards scholarships to five students

PRESS RELEASE – On Tuesday, 23rd August, 2016, Bay the Gardens Resorts awarded scholarships to five students whose parents are employees of the locally owned and operated resort chain. The ceremony was held at the Ixora conference centre at the Bay Gardens Inn with students, parents, media and the management team in attendance. Bursaries were awarded to continuing students who ...

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Hotelier hails Caribbean Olympians

PRESS RELEASE – Olympians from, or connected to the Caribbean, are being lauded as ambassadors for their region by a leading Caribbean hotelier. “Allow us to join the legions of people congratulating you for your magnificent feats of physical and mental courage displayed for all the world to see at the Rio 2016 Olympics,” said Karolin Troubetzkoy, Executive Director of ...

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Digicel appoints Usain Bolt as chief speed officer

BUSINESS WIRE – Digicel Caribbean Ltd today announced living legend, world record holder and the world’s fastest man, Usain Bolt, as its Chief Speed Officer (CSO). With his potential unprecedented “three-peat” at the Olympic Games in Rio, Usain has taken his rightful place in the annals of history and sealed his position as the greatest athlete ever. The unique “job ...

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Minister warns of economic impacts of de-risking

Given the fact that de-risking is becoming an increasing concern, Minister within the Ministry of Finance Dr. Ubaldus Raymond has said  that Saint Lucia and the rest of the Caribbean must find solutions to this problem. Raymond said that the Caribbean will be hit hard by de-risking by banks in the United States. “They are trying to protect themselves against money laundering ...

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Sandals Foundation Cricket Academy 14 ends on inspiring note

PRESS RELEASE – The Sandals Foundation 2016 Cricket Academy was dubbed an overwhelming success by the coaches and young players who participated in the eight-day camp which came to a close on Monday at the Darren Sammy Cricket Ground. The highlight of the closing ceremony saw former England Test player Roland Butcher addressing the young players, who he urged to ...

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PM Chastanet reports on productive China trip

PRESS RELEASE – Prime Minister of Saint Lucia Hon. Allen M. Chastanet has kept his word to report back to the nation on his China visit. The island’s leader says he is very impressed and confident that the track record of Desert Star Holdings along with other equine investments is above board and in good standing. Mr. Chastanet journeyed to ...

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Coconut Bay staff members benefit for third year from annual Common Entrance Scholarship Award

PRESS RELEASE – For the third consecutive year, Staff members of Coconut Bay Beach Resort & Spa will benefit from the annual Common Entrance Scholarship Awards Programme. This year the Scholarship awards which is being spearheaded by the hotel’s Sports & Social Committee is providing bursaries to two staff members whose children qualified under the criteria established for the programme. The ...

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Harris Paints continues to champion building career pathways with youth employment program

PRESS RELEASE – Harris Paints, the Caribbean Champions of Colour, once again launched its annual Internship and Summer Employment Program showing its continued investment into the future workforce across the Caribbean. Over 40 interns from Jamaica, Barbados, St. Lucia and Dominica in addition to others from as far as Canada were selected to participate in the 2016 programme which began ...

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Twenty designers compete for $2500 in Courts Fashionista Competition

PRESS RELEASE – Local and Regional furniture and electrical giants Courts has announced that twenty designers have been selected to participate in the company’s third annual “Courts Fashionista Competition”. The event will be held on Friday September 2nd 2016at Courts Chaussee from 3pm; everyone is invited to be a part of this amazing Fashion event. On August 6th 2016, the ...

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19 students receive scholarships from Flow

PRESS RELEASE – Over the past 21 years Cable & Wireless has provided scholarships valued at hundreds of thousands of dollars to children of its employees through the Cable & Wireless Scholarship Program. First established in 1995, the program provides full scholarships which represent a seven-year commitment to the education of the young recipients, inclusive of five years at secondary school and two years ...

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SLP questions economic analysis of Senator Ubaldus Raymond

PRESS RELEASE – The Saint Lucia Labour Party is left dumbfounded by the economic analysis of Senator Ubaldus Raymond as it relates to the roll-over of debt, and overall debt management. While the SLP accepts that the renewal or roll-over of debt is a practice used in public finance, it asserts that the country must always benefit from these actions. ...

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Three cheers to Levern, from Flow!

PRESS RELEASE – Flow extends heartfelt congratulations to Levern Spencer on her glorious achievement in becoming the first athlete in the history of St. Lucia to make it to the final at the Olympic Games. Following her string of successes over the past year, Levern did not rest, but continued to hone her skills in preparation for the Rio Olympics. ...

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Spinnakers signs industrial agreement with NWU

PRESS RELEASE – The Management of Spinnakers St. Lucia Ltd. and officials from the National Workers Union (NWU) met at the Department of Labour today Thursday August 18, 2016 to affix signatures to a new industrial agreement. The new pact is as a result of many meetings between the NWU and the company. Over thirty-five (35) workers employed with Spinnakers ...

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SLU Government pays homage to local family for 50-year contribution to tourism

PRESS RELEASE – The Government of Saint Lucia has paid glowing tribute to one local family for its long and illustrious contribution to the development of Saint Lucia’s tourism industry. On Tuesday August 16th, 2016, Government officials, led by Prime Minister Allen Chastanet, the Minister for Tourism, Dominic Fedee, along with other senior officials representing key institutions in the tourism ...

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Courts Sales Finance now available to qualified customers

PRESS RELEASE – Seven months following the official launch of the company’s highly anticipated Optical Store in Saint Lucia, local furniture and electrical giants Courts, has announced that qualifying customers can make purchases at local partner stores using Courts Ready Finance through the company’s recently launched “Courts Sales Finance” product. A press conference was held on Tuesday August 16th at ...

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New HR and payroll software to launch Thursday

PRESS RELEASE – The Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs in collaboration with HRM Solutions Inc. will host the official launch of CUBE® HRMS, a state-of-the-art Human Resource Development and Payroll Management Software Solution. CUBE® HRMS is the brainchild of HRM Solutions Inc., led by a team of innovative Human Resource and Information Technology Saint Lucian professionals. The software ...

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Flow customer wins Galaxy S7

PRESS RELEASE – Mr. Cox is the proud winner of a Samsung Galaxy S7 from Flow. He was one of numerous customers who sent text messages and topped up for a chance to win the coveted handset in a Flow promotional offer which ended July 19. Mr. Cox was thrilled when he got a call from a Flow customer service ...

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Department of Commerce reminds retailers of their obligations

PRESS RELEASE – The Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs would like to remind retailers of School Supplies of their obligations regarding the Distribution and Price of Goods Act, No. 35 of 2006. Retailers are called upon to heed the following provisions of the Distribution and Price of Goods Act which states: Section:35 – (1) A trader shall, before ...

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IMF says economic recovery gaining ground in OECS countries

CMC — The International Monetary Fund (IMF) says economic recovery in the Eastern Caribbean Currency Union (ECCU) is gaining ground, supported by continued low oil prices, strong tourism arrivals, and robust citizenship-by-investment receipts. The IMF said that three failed banks have been resolved with no spillovers to the rest of the region and fiscal management has improved. The ECCU includes ...

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Flow hosts Olympics viewing party worthy of a gold medal

PRESS RELEASE – Keebees was the scene of thrills and excitement as Flow, official broadcast partners of the Rio 2016 Olympics Games, rang in the start of the Olympics with an exclusive viewing party for its customers, allowing them to view the opening ceremony live and in living colour. The event was a grand occasion with an audience comprising of ...

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Courts launches annual “Courts Fashionista Competition”

PRESS RELEASE – Local and regional furniture and electrical superstore, Courts, has officially launched the third edition of the company’s annual “Courts Fashionista Competition”. OECS Public Relations and Events Officer for Courts, Ms Britney Jongue, has confirmed that this year’s competition will give young and aspiring designers the opportunity to showcase their talent for a chance at walking away with ...

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FlowRio2016Extra app second only to Pokemon Go in region on Google Play store

PRESS RELEASE – The ‘FlowRio2016Extra’ App peaked at the #2 spot alongside the worldwide phenomenon Pokemon Go, as Olympic fans in the Caribbean downloaded the latest feature from Flow, the Official Broadcast Partner of the Rio 2016 Olympic Games. ‘FlowRio2016Extra’ App, which is free to all users, is trending on both IOS and Android and is part of Flow’s commitment ...

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Electronic communications sector investment up in ECTEL Member States

PRESS RELEASE – Investment in the electronic communications sector has seen yet another increase in ECTEL Member States. That’s among the key findings of the most recent review of the electronic communications sector in ECTEL Member States. For the second year running, sector investment recorded double digit growth. Following the 35 per cent rise in the previous period, investment in the telecommunications sector surged a ...

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Invest Saint Lucia CEO on DSH project: “Majority of workers will have to be Saint Lucians”

In light of major concerns that the recently signed multi-million dollar project for Vieux Fort will attract more non-national workers than locals, government has given some assurances that this will not be the case. Chief Executive Officer of Invest Saint Lucia McHale Andrew said at the beginning of discussions with Desert Star Holdings (DSH) in March 2015, it was made clear that ...

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