Finance/Business

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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Gov’t provides clarification on major investment project in Vieux Fort

The government has sought to provide some clarifications with regards to the recently signed US$2.6 billion agreement with Desert Star Holdings (DSH) following major criticisms by the Saint Lucian public. Investment Minister Bradley Felix told a media conference on Monday (Aug.8) that while his government welcomes questions and scrutiny, the agreement was signed with due consideration. While explaining that most ...

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Automotive Art celebrates another award!

PRESS RELEASE – Soon after being recognized as the Automotive Art Regional Franchise of the Year, Automotive Art (St Lucia) is celebrating another award. The Lucia Employers Federation has announced that Automotive Art (St Lucia) Ltd. is the recipient of St Lucia Employer of the Year 2015 for Small and Medium Enterprises. The Employer of the Year Award is given annually in recognition ...

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CFL Stores rebrand to Massy Stores (SLU) Ltd.

  PRESS RELEASE – Massy Stores is the new name for the company formerly known as Consolidated Foods Ltd (CFL) and its 11 stores – Super J IGA, Mega J and gl foodmarket. The new corporate image and identity, was officially unveiled on Thursday, August 4, 2016, at a ceremony which coincided with the opening of the company’s remodeled La ...

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Avid Piton fan wins $5,000 Carnival Promotion Prize!

PRESS RELEASE – The excitement of the Carnival season continued for loyal Piton customers as the brand announced the winner of its Supermarket Carnival promotion grand prize of $5000! The end of the promotion is a culmination of Piton’s major sponsorship of Carnival 2016 where the brand deepened its support to the Carnival Planning and Development Agency (CPMA) which resulted ...

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Saint Lucia sixth in Caribbean nations with the most US direct investments

The United States of America (US) State Department last week released the annual Investment Climate Statements for 2016, with Saint Lucia being ranked sixth among Caribbean nations. The report shows the US direct foreign investments in nations globally, including the region. It said there was US direct investments in 2015 of US$230 million, an increase of 41.1 percent from 2014 ...

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Cable and Wireless recognized as leader in 2016 Gartner Magic Quadrant

PRESS RELEASE –  C&W Business, a division of Cable & Wireless Communications, (C&W), now part of Liberty Global (LiLAC Group), is pleased to announce that for the second year in a row, it has been recognized in the Gartner Magic Quadrant for Disaster Recovery as a Service (DRaaS). C&W Business is positioned as a Leader in Gartner’s 2016 Magic Quadrant for Disaster ...

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RBC Executives pay courtesy call to Prime Minister Allan Chastanet

PRESS RELEASE – Senior executives of RBC, Caribbean Banking, recently paid a courtesy call on newly-elected Prime Minister of St. Lucia, Mr. Allan Chastanent. Tim Rider, Senior Vice President, Sales, Caribbean Banking was joined by Isaac Solomon, RBC Managing Director, Eastern Caribbean, Mitchell De Silva, Regional Vice President, Corporate Banking and Suzette McShine, Vice President, Corporate Banking, Barbados and the ...

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Saint Lucia ‘largely compliant’ with tax transparency standards

Tax-News.com – The Organisation for Economic Cooperation and Development (OECD) says that Saint Lucia is “largely compliant” with international standards on transparency and the exchange of information in tax matters. The finding is contained in a report published by the OECD Global Forum on Transparency and Exchange of Information. The Global Forum is the multilateral framework within which over 130 ...

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Government, CDB discuss development projects

GIS – The Caribbean Development Bank (CDB) and the Government of Saint Lucia met recently to discuss the best ways that the CDB would be able to offer assistance through its development programs. CDB President, Dr. William Warren Smith, said the visit helped reinforce the CDB’s commitment to Saint Lucia by offering assistance in ways that would help the country ...

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ECCB Governor “not concerned” about $10 million in losses

Antigua Daily Observer – Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine has assured the public across the region that there is “no immediate concern” over the $10 million in losses recorded for 2016, arguing that yearly losses are reducing. Antoine also advised that the ECCB is not a profit making institution, and therefore the losses are not as ...

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Fond Doux wins Experts Choice Award

PRESS RELEASE – Fond Doux Plantation & Resort in St. Lucia was today honored with an Experts’ Choice Award for 2016 from TripExpert, which rates hotels and restaurants around the world based on reviews from journalists and professional travel writers. “Our expert sources highly recommend Fond Doux Plantation & Resort – especially for its rich cultural experience”, said Chris Blume, TripExpert’s Chief Content Officer. ...

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CW Networks selects Cologix to unlock traditional connections between the Americas

PRESS RELEASE – Cologix™, a network neutral interconnection and data center company, announced today that C&W Networks, a subsidiary of Cable & Wireless Communications, (C&W), one of the largest full service communications and entertainment providers in the Caribbean and Latin America region, has invested in the most advanced data center in its region by deploying  a Point of Presence (PoP) in ...

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PM Chastanet concerned about de-risking dilemma

The severing of correspondent banking relationships is having a severe impact on the Caribbean region, and Prime Minister Allen Chastanet is recommending that a new approach is taken to address this issue. Chastanet said correspondent banking wasn’t targeted towards the Caribbean but was aimed at eliminating money laundering and imposing huge penalties. However,he said no consideration was taken as to how that ...

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Bankers Association of Saint Lucia’s statement on the passing of Andy Delmar

PRESS RELEASE – The St. Lucia Bankers Association mourns the tragic passing of Mr. Andy Delmar, President of the Association and Managing Director of 1st National Bank Saint Lucia Ltd. A career banker, Mr. Delmar made significant contributions toward the financial sector both locally and within the OECS, having served as the President of the ECCU Bankers Association. The members ...

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1st National mourns the passing of Andy Delmar

PRESS RELEASE – The 1st National Bank St. Lucia Limited family is deeply saddened by the tragic and untimely passing of its Managing Director, Mr. Andy Delmar, on Sunday 17th, July 2016. Mr. Delmar joined the Bank’s family in January of 2014 and brought with him a wealth of knowledge, talent and personality having worked in the banking sector locally ...

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Piton Beer makes “Bold” commitment to St Lucia Carnival 2016

PRESS RELEASE – Piton Beer has helped up the ante for the Groovy Soca Monarch Competition 2016! The announcement was made at the recent Piton Beer Carnival Sponsor’s Presentation where the Windward and Leeward Brewery Ltd (WLBL) management team laid out exciting new initiatives, promotions and collaborations for Saint Lucia Carnival 2016. While officially announcing the sponsorship of Piton Beer ...

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Telethon, organized by CIBC and NCF, raises $147,000

PRESS RELEASE – Groups and individuals living in challenging circumstances in St. Lucia will benefit from a donation by a group of corporate partners, including CIBC FirstCaribbean, as part of the National Community Foundation’s annual telethon. This is the 13th year for NCF Telethon which raised $147,000.00. The bank recently presented its cheque to the NCF’s Michelle Phillips. The NCF ...

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FLOW launches Olympic app

PRESS RELEASE – Flow customers will have yet another exciting option to experience the Olympic Games, as Flow – the region’s leading content provider and ‘Official Broadcast Partner of Rio 2016 Olympic Games’ – introduces FlowRio2016Extra, the ‘take the Olympic Games with you’ App. FlowRio2016Extra is the latest option for customers, as the Company continues its renewed focus on innovation ...

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Gov’t to announce new rate of VAT by October

The Allen Chastanet administration will be announcing the new rate for the Value Added Tax (VAT) by the end of October this year. Governor General Dame Pearlette Louisy said on Tuesday in her Throne Speech that discussions have been initiated with regional and international institutions to assess the country’s finances to determine the rate at which VAT could be reduced. “We ...

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CDB delegate to visit St. Lucia

PRESS RELEASE – Dr. William Warren Smith the President of Caribbean Development Bank (CDB); the regional development finance institution based in Barbados will lead a CDB delegation to Saint Lucia for a meeting to be held on Wednesday, July 13th, 2016 at the conference center of the Ministry of Finance, Bridge Street, Castries. Dr. Smith will meet with senior government ...

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Flow Hosts exclusive viewing party for Game of Thrones fans

PRESS RELEASE – For Flow TV customers there are always new and exciting opportunities and special treats to look forward to. This proved true for 70 customers who were all rewarded with a thrilling experience courtesy of Flow and HBO they will long remember. On Sunday, June 26 they were all treated to a Game of Thrones season finale viewing ...

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Flow gives full support to Dennery Carnival

PRESS RELEASE – The Dennery Carnival Committee and residents of the Dennery community have expressed their delight following the successful climax of carnival celebrations in the village last weekend. Flow was a major sponsor of the event, a further demonstration of the company’s commitment to giving back to local communities and supporting local culture. Flow contributed cash and gifts towards ...

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New Saint Lucia Distillers owner to be honoured on France National Day

PRESS RELEASE – The year 2015 was eventful for France and for its cooperation in the Caribbean and more specifically St. Lucia. The conference on climate change held in Paris in December 2015 was a great success and the results obtained for Island states are much more significant than the previous 20 conferences. This is due largely to the commitment ...

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First Caribbean celebrates its customers

PRESS RELEASE – CIBC FirstCaribbean recently celebrated Customer Appreciation Day at all of its branches in St. Lucia.  Customers were treated to goodies, snacks and ‘thank you’ cupcakes, a lively steelpan performance by Imran Simmons and interactive events such as karaoke. The bank also hosted a cocktail reception for retail clients with networking, food and fun on the agenda. Customers ...

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CIBC FirstCaribbean gets set for 5th Annual Walk for the Cure

PRESS RELEASE  – Plans are underway to host the 5th annual CIBC FirstCaribbean Walk for the Cure on Sunday October 2nd. The Walk for the Cure has grown exponentially each year, and expectations are for participation and funds raised to surpass those of last year. The Walk for the Cure started in 2012, as part of the bank’s 10th anniversary ...

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PM says LIAT can’t continue to operate in monopoly context

CMC – St. Lucia’s Prime Minister Allen Chastatent has underscored the importance of transportation to the regional integration movement insisting that the regional airline, LIAT, should be liberalised. Chastanet, who is attending his first Caribbean Community (CARICOM) heads of government summit, told reporters that the cash-strap airline “needs to operate in the context of the private sector”. The major shareholders ...

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FLOW gives fans of Manchester United more reasons to celebrate

PRESS RELEASE – The rewards for Flow customers just keep getting bigger and better as the regional quad play provider brings Manchester United fans even closer to the game with signed official Manchester United jerseys. “Just when Manchester United fans thought it couldn’t get any better, Flow kicks it up a notch and scores another win,” Man Utd aficionado Adian ...

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ECCB records another annual loss

Antigua Observer – For the third consecutive year, The Eastern Caribbean Central Bank (ECCB) has recorded a net loss, information contained in the bank’s 2015/16 Annual Report has revealed. The loss of $10 million, however, is much less than the $18 million and the $12 million loss it recorded in 2014 and 2015 respectively. “The financial performance of the Bank ...

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Woman sheds 22 pounds in two weeks using Bioxlim

Bouncing back the first few years after having a baby could be quite a challenge for new mothers, especially in shedding the weight gained during pregnancy, but this woman has a different story to tell “her best decision ever”. Mora Moise, like most women during her post-partum phase, had struggled with getting her weight under control after gaining a mere ...

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Flow supports ‘758 Champions Tour’ on the road to Rio

PRESS RELEASE – Flow has thrown its support behind a major new government initiative aimed at bringing St. Lucia’s National Olympics team and local students together to motivate and inspire each other as they prepare for the 2016 Summer Olympics in Rio de Janeiro, Brazil. This week Flow partnered with the Ministry of Equity, Social Justice, Empowerment, Youth Development, Sports, ...

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Brexit, don’t panic, grab the opportunity – top St. Lucian investor

PRESS RELEASE – John Kennedy, CEO and Founder of Boka Group, the owners of the Mahaut Estate and the Belvedere Plantation near Canaries, has expressed full confidence in Saint Lucia’s ability to embrace the changes Brexit will bring and that the Country and Company must now grab the opportunity that comes with it. Boka Group today issued its investors with ...

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BOSL LE card upgrade reminder

PRESS RELEASE – Bank of Saint Lucia (BOSL) wishes to remind its valued customers of the ongoing Le Card ATM Card Upgrade exercise. This exercise forms part of the Bank’s efforts to enhance card transaction use and security. Effective July 15th 2016, BOSL Le Card ATM Cards will become invalid and will no longer be accepted at BOSL ATMs, Cash ...

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Winfresh driving agricultural diversification in the Windward Islands

PRESS RELEASE – Progressive and innovative changes are coming to the agribusiness sector in the Windward Islands. At the forefront of this transformation is Winfresh, the Caribbean’s premier supplier of bananas to the UK market and the most successful marketer of agricultural produce in the OECS.   Over the past decades, Winfresh has played a critical role in helping to ...

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FDL Pest Control Solutions launches the In2care Mmosquito traps

PRESS RELEASE – FDL Pest Control Solutions will launch the In2Care mosquito trap on Saturday July 2nd at JQ mall in Rodney Bay.  The In2Care mosquito trap is a safe and effective way to kill the Aedes aegypti mosquito which carries the Dengue, Chikungunea, and the Zika Virus. The In2Care® Mosquito Trap is an external mosquito treatment system, which is ...

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PM to pursue improved links with Martinique

GIS – Prime Minister Hon. Allen M. Chastanet wants to improve transport links between Saint Lucia and Martinique. The Prime Minister indicated that he is not happy with the standard of the ferry service. “It is one of the first things that we are going to be addressing,” he disclosed. The new Prime Minister revealed that he also intends to ...

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Sandals Resorts International honored in Travelage West 2016 WAVE Awards

PRESS RELEASE – Sandals Resorts International is proud to announce its recent honor at TravelAge West’s 2016 WAVE Awards, held at the Ritz-Carlton, Marina del Rey on June 16th, 2016. Honorees were recognized in 68 categories that spanned cruise, tour operator, airline, hotel and resort, travel insurance and rail vacations. The annual awards gave travel agents in the Western U.S ...

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Commerce minister visits SLBS

PRESS RELEASE – A delegation led by Hon. Bradley Felix, Minister in the Office of Prime Minister with responsibility for Industry, Commerce, Enterprise Development and Consumer Affairs, last week visited the Saint Lucia Bureau of Standards (SLBS) on a familiarization tour of the institution. Minister Felix was accompanied by Permanent Secretary Dr. Alison Gajadhar and Deputy Permanent Secretary Ms. Peggy-Ann ...

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Cox and Company supports Sneakers Day

PRESS RELEASE – The management and staff of Cox and Company Limited today Wednesday 29th June, joined the initiative set out by the National Insurance Corporation ( NIC) in promoting healthy and active lifestyles. Director of Human Resource at Cox and Company Limited, Mrs. Louise Vite, encouraged employees to support the initiative by wearing sneakers to work today.  Mrs. Vite ...

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Peterkin urges Caribbean govts’ to set up task force in light of Brexit

The outcome of Brexit has prompted proud celebrations among ‘Eurosceptics’ around the United Kingdom (UK) but has equally sent shock-waves through the global economy. The effects of this decision could have an extremely negative impact on many small countries, including St Lucia and the rest of the Caribbean region. Social commentator and economist, Richard Peterkin is therefore advising regional governments ...

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Miss Piton Beer gets behind the scenes tour of the making of Piton Beer

PRESS RELEASE – Miss Piton Beer, Bernella Velinor, recently got a tour of Windward and Leeward Brewery Limited (WLBL) and. The exuberant 23-year-old Ms. Piton met the team who produce the award winning brew she will be representing this Saturday at the 2016 Carnival Queen Show and also had a firsthand experience on the production process of Piton Beer. “It ...

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VAT reduction possible – Peterkin

One major promise made by the new government is to reduce the Value Added Tax (VAT), and citizens are eagerly awaiting to see this become a reality. Social commentator and economist, Richard Peterkin has said that the government may need some time in getting this done, as it may require intense study. Peterkin told St. Lucia News Online (SNO) on ...

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Women encouraged to sign up for holistic wellness seminar

PRESS RELEASE – Make this the year you embark on a future filled with financial, professional success and achievement! On Saturday July 2nd “Make It Happen” as First Citizens and Neutrogena present the annual holistic Women’s Seminar at Sandals Halcyon Beach Resort. Held under the theme “Make It Happen: Successful Women Make Life Altering Choices”, the event will feature a ...

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Digicel donates footballs to Jamaican school

PRESS RELEASE – The excitement was palpable as the young players from the Norman Gardens Primary school, located in downtown Kingston, gathered to meet the coaches from Manchester City who shared words of encouragement with the players. After training a selection of the region’s top players at the Digicel Kickstart Academy – the coaches visited the school’s football team to ...

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Petroleum price changes

PRESS RELEASE – The public is hereby notified that in keeping with changes in international oil prices, the retail prices of the following petroleum products have increased, with the exception of kerosene. The price of gasoline has increased from $2.36 per litre to $2.44 per litre; while diesel has increased from $2.07 per litre to $2.22 per litre. The price ...

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Not all customers are closing their accounts: RBC Royal Bank

While some clients of the local RBC Royal Bank branch have been closing their accounts due to an increase in monthly fees, others have chosen to remain with the bank. Country Manager, Sandra Fontenelle, told St. Lucia News Online (SNO) on Tuesday (June 21) that staff have been providing clients with the best possible advise with respect to the options ...

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De-risking could halt regional economies, ECCB official warns

ANTIGUA OBSERVER – The deputy governor of the Eastern Caribbean Central Bank (ECCB) has painted a grim picture for the region if international banks continue the trend of de-risking. Trevor Brathwaite said the measure will have multi-sectoral impact on regional economies, which could mean a stop to economic activity. “If you want to take it to the extreme, you and ...

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Piton Beer announces first ever brand ambassador

PRESS RELEASE – The 2016 Carnival season is heating up and Piton Beer, the official brew of choice for this exciting time, has announced a new partnership that’s sure to add more hype to the festivities. As a proud Gold Sponsor of Saint Lucia Carnival for several years, Piton Beer, often enjoyed in a fun-filled Carnival atmosphere, has now partnered ...

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New president elected to CAIPA

PRESS RELEASE – A new president has been elected at the Annual General meeting of the Caribbean Association of Investment Promotion Agencies (CAIPA) to serve during the next period from 2017-2019. Hosted in collaboration with the Caribbean Export Development Agency (Caribbean Export), on 7-8 June 2016 in Curacao outgoing President Mr. McHale Andrew (who is also the CEO of Invest Saint Lucia) in his ...

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Automotive Art St. Lucia awarded Franchise of the Year Award for 2015

PRESS RELEASE – Automotive Art (St Lucia) has been deemed the best in the Caribbean. The St Lucia based operations of Automotive Art has been awarded the prestigious “Franchise of the Year Award” for 2015. The accolade was announced at a recently held bi-annual Franchise Conference hosted by Automotive Art Barbados. Automotive Art currently operates nine franchises throughout the Caribbean: Antiqua, Barbados, ...

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Ministry of Commerce to host “Competition Law and Policy” seminar

PRESS RELEASE – The Ministry of Commerce, Business Development, Investment and Consumer Affairs, in collaboration with the CARICOM Competition Commission will be hosting a training seminar on, “Competition Law and Policy,” on Friday, June 17th, 2016 from 9:00 a.m. – 4:30 p.m. at the Bay Gardens Hotel. This introductory Level I training is designed to raise knowledge and awareness of Competition Law and ...

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RBC celebrating Blue Water Day

PRESS RELEASE – WATER – it’s one of the world’s most precious natural resources and fundamental to life on our planet. This is just one of the facts that were shared with students from the Ave Maria Girls Primary School and the Gros Islet Primary School, following a water conservation presentation from Fitzgerald John, Education Coordinator UNDP/ NEMO. The interactive ...

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The issue of vagrancy and mendicants- what do we do now?

PRESS RELEASE – Enabling a healthy business environment in which members can flourish is part of the mission of the Chamber, therefore, addressing issues which impinge on that business environment is seen as part of the Chamber’s responsibility. With that mindset the St. Lucia Chamber of Commerce convened a meeting of concerned parties to discuss and find a sensitive and ...

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CFL proud to partner with Rotaract clubs on GIFTS conference

PRESS RELEASE – Over the years, Consolidated Foods Limited (CFL) has sponsored generously and partnered with various organizations which uphold its core tenet of service. This time, the company sponsors the Rotaract Clubs of Saint Lucia with a monetary donation of EC $1500, and refreshments. From June 16th-20th,  the Rotaract Clubs of Saint Lucia will host the organization’s Annual District 7030 Conference under ...

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Bounty Rum sashes its Carnival Queen Contestant

PRESS RELEASE – Bounty Rum, sponsor for St Lucia Carnival 2016, is elated to be the sponsor of carnival queen contestant Sheris Paul. After being sashed as ‘Miss Bounty’ at a ceremony held at Sandals Halcyon Beach Resort, Miss Sheris Paul is excited and ready to do her best at this year’s staging of the event. This prestigious national queen ...

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CIBC launches mobile banking app

PRESS RELEASE – CIBC FirstCaribbean recently launched its new user-friendly mobile banking app for smartphones which is yet another innovation by the regional bank to provide customers with banking solutions that fit their lives. “The new Mobile App joins a series of innovations introduced to help the bank’s customers determine the banking experience they want – in essence control over ...

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L’Epicure Restaurant to host Father’s Day Brunch

On June 19th 2016, the L’Epicure Restaurant comes alive once more to host its Father’s Day Brunch. This one has been dubbed the “PRIME RIB EXTRAVAGANZA” by Chef Eike Lauff himself!!!! For only XCD 108, enjoy a full buffet which will keep you come back for more. Live still pan music will ring through the air! Many attractive door prizes ...

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