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Finance/Business

French delegation explores potential investment interests in Saint Lucia

(SNO) — A delegation from France is presently in Saint Lucia exploring potential investment and partnership opportunities on the island. The delegation is from the French company Éthic Étapes and is being hosted by Invest Saint Lucia (ISL) as part of its promotional effort to diversify the island’s offerings. The company was created in 1979 and held its Annual General ...

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Saint Lucian launches “Cricket Club” clothing line in US

(SNO) — Saint Lucian Wayne Dante residing in New York has launched a men’s clothing line which was inspired by his love for cricket. The “Cricket Club” collection is the first of numerous collections released and it consists of hats, quality t-shirts, denim jackets, sweaters, matching stylish tracksuits and even fancy clothing options for dogs. He said the collection combines ...

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NWU members get lump sum payment

(SNO) — The National Workers Union (NWU) has kept its promise to give a lump sum to its members after meeting with the Government Negotiating Team. Vice President of the the NWU, Solace Myers, said the money was given before and after Christmas. “Our members got their first lump sum payment, I believe the fortnight before Christmas,” Myers told HTS. ...

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Saint Lucian to launch clothing line for nannies in US

(SNO) — A Saint Lucian now living in the United States is getting ready to launch her new clothing lines for nannies. The launch will take place on February 9, 2019 at Paul Vincent Studios in Hoboken, New Jersey. The collection will feature a variety of clothing and accessories such as caps, sweaters, t-shirts, joggers’ pants, tote bags and leggings ...

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PM Chastanet to discuss proposed cruise ship port in Vieux Fort

(SNO) — The construction of a cruise ship port in Vieux Fort will be on the agenda as Prime Minister Allen Chastanet meets with Carnival Cruise Line officials in Maimi over the next two days. The new port is part of investments outlined by the government that it said will complement the redeveloped Hewanorra International Airport. According to Chastanet, these ...

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Saint Lucia businesses will soon be able to use “move-able assets” to secure loans

(PRESS RELEASE) — The government of Saint Lucia is currently advancing an initiative that will allow businesses to use non-traditional forms of collateral to secure financing. With this new venture, businesses will be able to use their movable assets such as their inventory, equipment, accounts receivables, vehicles or anything that is of value to the business as security for a ...

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Invest Saint Lucia announces major projects for 2019

(PRESS RELEASE) — The local media got a first-hand look at the plans being laid out by Invest Saint Lucia (ISL) for 2019. Speaking at a press briefing Monday, ISL’s CEO Roderick Cherry, provided members of the media with the status of ongoing projects, those pipeline projects that ISL continues to facilitate, as well as the initiatives that the agency ...

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New president for Saint Lucia bankers association

  (PRESS RELEASE) — The Bankers Association of St. Lucia Inc. (Bankers Association) has announced the appointment of a new president to manage its affairs for the period November 1, 2018 to October 31, 2019. Mrs. Suzette Armoogam-Shah of Scotiabank assumes the reigns of leadership as the new president of the Association following the departure of Mrs. Wendy Delmar, former ...

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Fuel prices remain unchanged in Saint Lucia

(SNO) — The price for fuel is expected to remain unchanged in Saint Lucia, at least for the time being. The Consumer Affairs Department of the Ministry of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs said that the prices will remain the same in keeping with changes in international oil prices and government’s application of the modified market ...

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Saint Lucia competition gives entrepreneurs opportunity to showcase their businesses

(SNO) — A pitching competition, which gives entrepreneurs the opportunity to showcase their businesses before hundreds of investors, is set to take place on March 28, 2019. Get in the Ring (GITR) Saint Lucia is being organized by the St. Lucia Chamber of Commerce, Industry and Agriculture. “Imagine yourself, standing in a boxing ring, battling in a pitching competition, head-to-head ...

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New Sunbilt store at Bexon opens

(PRESS RELEASE) — Sunbilt is pleased to announce the opening of its new store located in Bexon. This new location seeks to partner convenience with the best retail experience that customers have come to know with the trusted SUNBILT brand. The approximately 16,000 square-foot store is dynamically different in the range of high quality and unique products available, as it ...

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Zimbabwe blocks Facebook, WhatsApp and Twitter amid crackdown

(BBC) — Zimbabwe has blocked Facebook, Twitter and WhatsApp messaging app amid a crackdown on days of violent protests. A coalition of local human rights groups says at least 12 people have been killed and many more beaten and tortured by security forces this week. The Zimbabwe Human Rights NGO Forum accused the authorities of cutting off the internet “to ...

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Rock Hall man wins $27,000 Courts Ultimate shopping spree

(PRESS RELEASE) — Courts, St. Lucia’s number one retailer of the world’s best brands in electronics, appliance and furniture products, have partnered with Mabe, one of our top selling brands to surprise one lucky customer with the gift of a $27,000 Courts Ultimate shopping spree. During the month of November, Courts customers purchasing any Mabe product got a chance to ...

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St. Lucian hotelier takes on Caribbean Challenge Initiative

(PRESS RELEASE) – St. Lucian hotelier Karolin Troubetzkoy has joined the Caribbean’s efforts to address the crisis of marine and coastal resources degradation with her appointment this week as Envoy of the Caribbean Challenge Initiative (CCI). CCI was launched in 2008 in response to the crisis facing the Caribbean’s marine and coastal resources. The organization serves as a voluntary, informal ...

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Scotiabank regional officials meet NWU

(PRESS RELEASE) — Regional industrial relations officials from Scotiabank met with the leadership and shop stewards of the National Workers Union (NWU) this week. The meeting, which was held at the Coco Palm Hotel, discussed National Workers Union proposals and the future of its employees and banking operations. Coming out of that meeting were the following: the NWU has called ...

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178 vendors registered in Vendors’ Registration Programme

(PRESS RELEASE) — The Office of the Mayor has officially launched the Vendors’ Registration Programme. It was preceded by several consultations held in 2017 with merchants from the vendors arcade, provisions and craft markets and roadside traders. The Vendors’ Registration Programme will provide significant benefits to vendors such as free access to public comfort stations, job letters identifying them as ...

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CIBC FirstCaribbean’s manager on BAFT future leaders programme

(PRESS RELEASE) – The Bankers Association Finance and Trade (BAFT), an international financial services association, recently announced its Future Leaders program class of 2019, and for the first time, an employee of a regional bank has landed a place in the prestigious programme. Kerry Jordan, manager, trade finance with CIBC FirstCaribbean International Bank, was one of 32 individuals selected to ...

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CSA pledges to pursue matter with LUCELEC in 2019

(SNO) — The Saint Lucia Civil Service Association (CSA) says it will continue to pursue the long-running contention between the union and light and power company, St. Lucia Electricity Services Limited (LUCELEC). The two organizations have been at odds over a matter relating to retirement age at the company, and the power company has challenged a ruling by the Labour ...

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Trisonic transformers unsafe says SLBS

(SNO) — The Saint Lucia Bureau of Standards (SLBS) is warning the public that Trisonic Step Up and Down Transformers are unsafe to use and are being withdrawn from the local market because of possible risk to the health and safety of consumers. It said an assessment of models TS-401-3P, TS-402-3P & TS-405-3P of the transformer indicate that they are ...

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SLASPA changes rules at port for vehicle importation

(SNO) — With the increase of the importation of used vehicles into the island, the Saint Lucia Air and Seaport Authority (SLASPA) has announced new procedures at the port when these and other vehicles that are being brought in. Chief of Ports Police Kennedy Francis announced the new procedures at a press conference recently, pointing out that all vehicles leaving ...

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PM Chastanet vows not to increase Saint Lucia’s debt burden

(SNO) — Saying that his administration inherited the largest and fastest debt accumulation, Prime Minister Allen Chastanet has vowed that he will not increase Saint Lucia’s debt burden. In his new year’s “State of the Nation” address, he laid the blame for the high-debt burden squarely at the feet of the previous Labour Party Administration, and said when his party ...

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St. James’s Club and NWU settle industrial impasse

(PRESS RELEASE) — The management of St. James’s Club Morgan Bay and the National Workers Union (NWU) have settled their industrial impasse at the mediation level. Over 200 hotel workers employed with the company will receive one dolla per hour increase on their existing salaries effective January 2019, with an additional fifty cents per hour increase during the period of ...

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NWU responds to Chamber’s statements that many employers face litigation from employees

(PRESS RELEASE) — The National Workers Union (NWU) understands the concern of the Saint Lucia Chamber of Commerce, Industry and Agriculture that many employers are now faced with litigation from employees. That is part of a statement in the local media on January 3, 2019 from the Saint Lucia Chamber of Commerce, Industry and Agriculture about the high incidence of claims ...

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Dennery welcomes new mini shopping centre

(PRESS RELEASE) — The east coast welcomes a new variety store offering a wide range of goods. For a one-stop shopping experience compact with over five departments, eco-friendly infrastructure, spacious parking facility and friendly customer service, Groo Center is located south of the Denney Police Station on the Castries-Vieux Fort Highway. The Centre opens its doors to the public on ...

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NY-based Saint Lucian entrepreneur prepares to launch bowtie brand and “Bows For A Cause”

(PRESS RELEASE) – On February 1, 2019, Saint Lucia’s son of the soil, Vaughn Constable, will launch his brand, Twist By Vee, a company which specializes in handmade bow ties, neck bows and accessories as well as corporate branded bowties. The company provides a wide range of high-quality handmade bowties for special occasions and celebrations such as weddings, reunions, corporate ...

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Rainforest Adventures gives back to the Babonneau community

(PRESS RELEASE) — Rainforest Adventures (RFA) is not only known for its unique aerial tram, zip-lining, hiking trails and bird watching eco-tour experiences, but the company also prides itself in serving and giving back significantly to the Babonneau community, where it has been operating for over 12 years. To ring in the New Year, Rainforest Adventures in partnership with the ...

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American Airlines drops prices to Saint Lucia from Miami

(SLTA SCOOP) — The Saint Lucia Tourism Authority is thrilled about the drop in airfares for flights between Miami, Florida and Saint Lucia. With even more flight options available to the destination, American Airlines is now offering fares for as low as US$514 return from Miami. You can now book your vacation to the ‘World’s Leading Honeymoon’ destination starting in ...

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SLBWA commends ECCB on banknotes bearing blind recognition features

(PRESS RELEASE) — The Saint Lucia Blind Welfare Association (SLBWA) on Tuesday, January 8, 2019 gave a glowing welcome to a new and historic initiative by the Eastern Caribbean Central Bank (ECCB) to introduce into circulation, new Eastern Caribbean currency banknotes that bear “blind recognition features”. The SLBWA is also pleased that the ECCB officials found it appropriate to engage ...

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Saint Lucian sea moss hits the UK market (+video and photos)

(PRESS RELEASE) — Export Saint Lucia (TEPA) is once again making significant strides in increasing the volume and variety of agricultural products coming from Saint Lucia. In December 2018, a group of local sea moss farmers made history by becoming the first to export sun-dried sea moss from Saint Lucia to the United Kingdom (UK). The test shipment of sun-dried ...

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Invest Saint Lucia encourages investors to participate in its annual investor survey

(PRESS RELEASE) — For the past three years, Invest Saint Lucia (ISL) has been initiating contact with local and foreign investors as part of efforts to capture information on their respective economic contributions to the local economy, as well as to identify challenges within the business environment that could help guide policy makers in their bid to make Saint Lucia ...

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NWU to launch Financial Services Workers Council

(PRESS RELEASE) — The National Workers Union (NWU) will launch its first Financial Services Workers Council in the first quarter of 2019. The Council will comprise all the banks along with the nine credit unions, BELFund, Saint Lucia Mortgage Finance Company Limited and National Insurance Corporation (NIC). The Council will be responsible for the total unification of the sector, to ...

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Digicel settles for less

(DIGICEL) — Telecommunications provider Digicel Group disclosed a new deal that has been largely accepted by irate bondholders, which includes concessions on a better interest rate for one bond and for the other, reducing the amount of debt set for extension. The new bond swap offer also cuts the amount of debt to be refinanced by a third. “Digicel received ...

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ECCB governor says 2018 was “relatively good” for Eastern Caribbean countries

(CMC) – Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, has said this year has been a “relatively good one” for the sub-region and that an exciting period beckons in 2019. Antoine, in his Christmas message, said 2018 has had several challenges for the Eastern Caribbean Currency Union (ECCU) including climate change and a paucity of resources for ...

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Economics minister believes George F.L. Charles Airport could become hub for regional business

(SNO) — Economic Minister, Guy Joseph, believes that Saint Lucia has the potential to attract regional businesses and the George F.L. Charles Airport, located in Castries, has an integral role to play in achieving that goal. Speaking on Radio 100’s ‘Drive By’ with Russell Lake, Joseph said the government’s plans for both Castries and Vieux Fort call for having both the ...

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Sagicor seeks to re-assure Caribbean customers

(CMC) – Sagicor Financial Corporation (SFC) is seeking to re-assure Caribbean nationals that the move by the Canadian-based, Alignvest, to take over its operations, will not adversely impact its business in the region and North America SFC recently announced that it had agreed to sell its shares, valued at US$536 million, to the special purpose acquisition firm Alignvest Acquisition II ...

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Fly Jamaica gets multi-million dollar award

(CMC) – A High Court judge has awarded Fly Jamaica Limited, US$4.2 million in damages for breach of contract against ADS Global Limited, the company that operated the airline’s call centre from 2012 to 2014. Justice Carol Edwards, gave the ruling Friday in the Commercial Division of the Supreme Court, after the airline, which began operations in 2012, claimed that ...

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Bay Gardens Resorts’ guests cash in on new loyalty program

(PRESS RELEASE) – Bay Gardens Resorts of St. Lucia is registering a lot of interest by giving its guests cash back through its new loyalty program called The Guestbook. The Guestbook is the world’s first cash back hotel loyalty program which rewards members for booking direct at more than 625 of the best independent and boutique brand hotels in major ...

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Sagicor clarifies “arrangement agreement” with Alignvest

(PRESS RELEASE) — On November 27, 2018, Sagicor Financial Corporation Limited (SFC) announced that it had entered into an “Arrangement Agreement” with Alignvest Acquisition II Corporation (Alignvest) which heralds in yet another significant milestone in the long and storied history of our company. Through this transaction, Sagicor will acquire a listing on the Toronto Stock Exchange, where it will have international ...

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ECLAC predicts Caribbean economies will grow 2.1 per cent in 2019

(CMC) – The Economic Commission for Latin America and the Caribbean (ECLAC) is predicting that Caribbean economies will grow 2.1 percent in 2019 even as it acknowledged an international scenario marked by what it describes as “greater uncertainty”. ECLAC also projected that the region will end 2018 with average growth of 1.2 per cent. “The year 2019 looks to be ...

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Flow and Feed The Poor share Christmas cheer

(PRESS RELEASE) — Every year at Christmas time, family and friends share food, drink, and companionship. But not every citizen is so privileged as to enjoy seasonal cheer, and for some such citizens, Saint Lucia and the Caribbean’s leading telecommunications service provider was able to step in and help them get, literally, a taste of the festive period. Flow teamed ...

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Peter & Company opens new ‘Food Mart’

(PRESS RELEASE) — Just before the holidays, Peter & Company Distribution (PCD), has opened a new retail outlet, giving customers a fresh shopping experience here in Saint Lucia. PCD Food Mart opened its doors on December 20, 2018 at the S&S plaza in Bois D’Orange. And, already customers are singing the praises of the outlet. “It’s good to have something ...

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SLASPA welcomes US$100 million loan for upgrading Hewanorra International Airport

(SNO) — Acting General Manager of the Saint Lucia Air and Sea Ports Authority (SLASPA), Daren Cenac, has welcomed a loan agreement of US$100 million which will go towards the upgrading of the Hewanorra International Airport in Vieux Fort. He said for years the company has faced challenges in operating the facility. “We welcome the announcement of the loan guarantee ...

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“Free WiFi” for Castries launched

(SNO) — The Saint Lucia government on Wednesday (Dec. 19) officially launched the Government Island Wide Network (GINET) Wi-Fi Zone for Castries, Prime Minister Allen Chastanet has announced on Facebook. He said members of the public can now access “free WiFi” in the following areas in Castries: Government buildings (Waterfront), Serenity Park, Derek Walcott Square, Central Market, Craft Market, Constitution Park, ...

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NOTICE: Welfare and Public Assistance Programme payments

(PRESS RELEASE) — The Ministry of Equity, Social Justice, Empowerment, Youth Development, Sports, Culture and Local Government would like to inform clients of the Welfare and Public Assistance programme that payments continue until Friday, 21st December, 2018. Clients who do not receive payments via their bank accounts are asked to visit the Castries City Council for their payments on the ...

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Labour minister rules in favour of former Soufriere Hot Wire Rides employees

(PRESS RELEASE) — Labour Minister Stephenson King has ruled in favour of the five former employees of Soufriere Hot Wire Rides Ltd. The company made the services of these employees redundant without following the process enshrined in the Labour Act 2006 section 369. The workers, who were represented by the National Workers Union (NWU), had the opportunity to present their ...

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Tourism official laments high cost of doing business in Saint Lucia

(SNO) — Chief Executive Officer of the Saint Lucia Hotel and Tourism Association, Noorani Azeez, is lamenting the high cost of doing business on the island, saying it is a very challenging task. He was speaking against the background of the abrupt closure of Blu Hotel recently. “We continue to lament the high cost of doing business in Saint Lucia, ...

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ECCB calls for “calm and patience” over Republic’s application to acquire Scotiabank operations in ECCU

(PRESS RELEASE) – The Monetary Council of the Eastern Caribbean Central Bank (ECCB) is encouraging citizens and residents of the Eastern Caribbean Currency Union (ECCU) to remain calm and exercise patience as the ECCB reviews the application from Republic Financial Holdings to acquire Scotiabank’s business in the ECCU. The ECCB received an application on Tuesday, 27 November, from Republic Financial ...

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Sandals denies allegations made on US television

(CMC) – The Jamaica-based Sandals Resorts has categorically denied allegations that it is covering up allegations of sexual assault on two American female guests insisting that it stands ready to “vigorously defend itself in court”. In a statement, Sandals said “recent allegations of cover-ups by our organisation are false and are gross misrepresentations of not only the facts but who ...

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CDB launches Cultural and Creative Industries Innovation Fund

(CMC) – The Barbados-based Caribbean Development Bank (CDB) says it has launched a new fund to provide financial support and stability for the region’s cultural and creative industries. It said the Cultural and Creative Industries Innovation Fund (CIIF) will provide grants for innovative projects within the creative industries sector and was established with an initial US$2.6 million contribution from CDB. ...

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Sandals Resorts International wins big at World Travel Awards

(PRESS RELEASE) — Sandals Resorts International is thrilled to have been recognized at the prestigious 25th Annual World Travel Awards Grand Final Gala Ceremony, demonstrating the brand’s continued commitment to excellence. Most notably, Sandals Resorts International took home the World’s Leading All-Inclusive Company award for the 23rd consecutive year. The Luxury Included® resort company rose above other highly acclaimed hotel ...

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Flow investigating intermittent mobile call failure

(NOTICE) — Flow advises that we are aware that voice calls from Flow mobile have been failing to other networks, due to an unidentified problem, which emerged earlier this week. Core engineers from both providers concerned have been working towards resolving this unfortunate problem in recent days, and we are hopeful of a swift conclusion and restoration of normal service. ...

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Life-threatening illness could be caused by eating recalled ‘Fiesta Corn’, company warns

(CMC) – The US company, Del Monte Foods has recalled over 60,000 cases of incompletely sterilized canned corn from eight countries in the region. The countries affected by the recall of Del Monte “Fiesta Corn” are Guyana, Bahamas, Barbados, Belize, Bermuda, Haiti, Aruba, St Lucia and Suriname. The other countries are El Salvador, Uruguay and Panama. The company says the ...

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PM: Hewanorra International Airport Redevelopment Project to take off in the New Year

(PRESS RELEASE) — The People of Saint Lucia are finally set to see the Hewanorra International Airport Redevelopment Project take off as the Government of Saint Lucia continues to deliver on its promise to expand and improve local infrastructure. This project is essential to Saint Lucia’s overall economic growth, especially as the island continues to expand as a leader in ...

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Curaçao set to become a second hub for TCI based Inter-Caribbean Airline

(CMC) – Curaçao is set to become a second hub for Turks and Caicos-based Inter-Caribbean Airline as it assumes operations of Curaçao-based InselAir International in the coming weeks. InselAir President and Executive Chairman Lars de Brabander in an interview with The Daily Herald said the airline will continue to exist, but under a new brand. Inter-Caribbean does not have air ...

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Excellent Stores St. Lucia celebrates family this Christmas season

(PRESS RELEASE) — Excellent Stores St.Lucia this week held its first annual Christmas Family Fun Day and Motorcade. The event commenced with a motorcade from Rodney Bay to the Derek Walcott Square where Santa and his Elves dished out gifts and Christmas cheer to children of the community. The motorcade then headed back to the store at the Johnson’s centre ...

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Grenada PM calls for easier intra-Caribbean travel during UWP convention in Vieux Fort

(CMC) – Grenada’s Prime Minister Dr. Keith Mitchell has called on Caribbean countries to make sincere efforts to encourage easier intra-regional travel and do away with the heavy taxes that discourage free movement of the region’s population. “We have to have more transport, sea and air transport. But if we have it and it is too costly, we still don’t ...

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St. Lucia Chamber Board of Directors welcomes five new faces

(PRESS RELEASE) — The 2018/2019 Board of Directors of the St. Lucia Chamber of Commerce Industry and Agriculture revealed five new faces in its ranks. The 134th Annual General Meeting turned out to be one of the most keenly contested election of directors to the Board of the Chamber in many years. Except for the position of second vice president ...

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Karen Peter is new St. Lucia Chamber president

(PRESS RELEASE) — Karen Peter, managing director of Caribbean Metals Ltd., is the new president of the St. Lucia Chamber of Commerce Industry and Agriculture. Peter gained almost total support in her quest and now leads a new-look Board for the 134 year-old Institution. Some five new directors will take their seat for the first time at the service helm of ...

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