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Finance/Business

LIME answers the call for SLHTA Apprenticeship Program

PRESS RELEASE – LIME is giving eight youths the opportunity to benefit from real-life work experience by becoming part of the LIME Family via the SLHTA Apprenticeship and Skills Training for Employment Initiative. This initiative is designed to expose some 1,600 young people to training and employment opportunities in the hotel and tourism sector, as well as other industries. The program ...

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Minister Baptiste confident about Saint Lucia’s economic recovery

Foreign Affairs Minister Alva Baptiste and Parliamentary Representative for Laborie has said he is confident that the Saint Lucia Labour Party (SLP) government for which he serves will bring economic recovery to the island. Commenting on the state of the economy, Baptiste said Saint Lucia is not as bad as it was five years ago, and there were certain things ...

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Secure St. Lucia Ltd. refutes claims made by NWU

PRESS RELEASE – The Management of Secure Saint Lucia, Ltd. says there is absolutely no truth to a statement made by the National Workers Union (NWU) and carried in the local media on Monday, June 22, 2015 that the company had agreed to pay seven hundred thousand dollars ($700,000.00) in overtime wages to employees. Secure Saint Lucia, Ltd. has never made such a proposal to ...

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First Citizens and NWU pre-poll meeting aborted

PRESS RELEASE – A Pre Poll Meeting summoned by Acting Labour Commissioner Mr. Ray Narcisse between the Management of First Citizens Investment Services Ltd. and officials from the National Workers Union (NWU) had to be aborted. The meeting was scheduled for June 17, 2015 at the Department of Labour at 10.00 a.m. NWU officials were present for the said meeting. ...

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Prime Minister Anthony welcomes small business boost

PRESS RELEASE – Prime Minister and Minister for Finance, Economic Affairs and Social Security, Hon. Dr. Kenny D. Anthony has welcomed the launch of a new investment facility for the local private sector. Scotiabank recently unveiled its Economic Growth Fund, a $50 million reserve intended to boost the development of small and medium businesses in the Eastern Caribbean. Through the ...

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BOSL to host Happy Homes Land and Home Expo in Vieux Fort

PRESS RELEASE – BOSL continues to make it easier to have a property that you can call your own. The BOSL Happy Homes programme was launched in May 2015 offering mortgage loans at a competitive interest rate of only 5.99%, and other exciting benefits including discounts on construction and home insurance and special incentives on BOSL Credit Cards. As an ...

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CIBC FirstCaribbean positioned for growth – CEO

PRESS RELEASE – CIBC First Caribbean International Bank is experiencing significant growth across the Caribbean and is working with several public and private sector entities to implement multi million dollar projects across the region. Rik Parkhill, CEO of the bank which has operations in 17 islands,  said that “with many of the island nations of the region now emerging from the ...

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CIBC FirstCaribbean CEO points to PPP as catalyst for economic recovery in the region

PRESS RELEASE – Infrastructure development and renewal in the Caribbean will be a catalyst for economic recovery and sustainable growth in the region Rik Parkhill, CEO, CIBC FirstCaribbean International Bank has said. In this regard, he said, tourism and energy are “ripe for unlocking and provide ready opportunities for some of those partnerships to take place”. Speaking today at the ...

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St. Lucia ranked one of the slowest economies in the world

BUSINESS INSIDER – Some countries bounced back relatively quickly after the global financial crisis, but others aren’t doing so hot. “Worryingly, the stalled recovery in some high-income economies and even some middle-income countries may be a symptom of deeper structural malaise,” Kaushik Basu, the World Bank’s chief economist and senior vice president, wrote. “What is critical is for nations to ...

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CDF funds Renewable Energy Project

PRESS RELEASE – The Government of Saint Lucia signed a Grant Agreement on June 16, 2015 with the CARICOM Development Fund (CDF) for funding of the St Lucia National Trust (SLNT) Renewable Energy Project in the sum of 71,749 Euros. The Agreement was signed by Prime Minister Hon. Dr. Kenny D. Anthony and Ambassador Lorne Mc Donough, Chief Executive Officer ...

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CIBC FirstCaribbean Infrastructure conference to be hosted in Jamaica

PRESS RELEASE – CIBC FirstCaribbean International Bank will for the third successive year host a major regional conference focusing on Caribbean infrastructural development through Public Private Partnerships (PPPs). This conference is fast positioning the bank as the regional leader in facilitating and financing PPPs. In its first two years, the conference attracted attendance at the highest political level as well ...

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Positive outlook for Saint Lucian exporters

PRESS RELEASE – This week the Saint Lucia Trade Export Promotion Agency led a business mission to Antigua and Dominica. The initiative is one of three missions which aim at exploring and forging business opportunities within the OECS member states. The mission was coordinated by TEPA’s Marketing and Promotion Officer – Gasper George and comprised six Saint Lucian companies namely: ...

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NWU, St. Jude Hospital to hold “urgent meeting” on Monday

PRESS RELEASE – The Management of St. Jude Hospital has agreed to the National Workers Union’s (NWU) request for another meeting. The Hospital’s Management in its letter to the NWU dated June 11, 2015 has suggested Monday June 15, 2015 at 11.00 a.m. for the urgent meeting. The letter went on to state that Mr. Percival McDonald, Chairman of the ...

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TEPA completes OECS Business Mission

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency on Monday embarked on a Business Trade Mission to OECS member states.  The first leg of the mission will target the islands of Antigua and Dominica during this week June 08 – 12. The purpose of the mission is to raise the awareness of Saint Lucia as a source of ...

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CIBC FirstCaribbean employees trade places for a day

PRESS RELEASE – Employees of CIBC FirstCaribbean recently got the opportunity to experience work from the perspective of one of their colleagues, with the staging of the bank’s “Trading Places” exercise. Trading Places, which was revived this year after a short hiatus, was billed as an opportunity to explore the intricacies of what employees would consider their “dream jobs” within ...

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Major ‘Flea Market’ for Vieux Fort

PRESS RELEASE – The Saint Lucia Industrial and Small Business Association (SLISBA), has announced plans for a major flea market in Vieux Fort. In an advisory to members today, the association disclosed that the idea  is to have one huge flea market on a Saturday in Vieux-Fort, where all members who have goods to be sold at discounted prices, could ...

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NOTICE: 2000 uncollected cheques at IRD

PRESS RELEASE – The Inland Revenue Department has in its possession over 2000 uncollected cheques. During the month of June, the Department asks that persons who have not received cheques for over five years, call us at 468-4730 between the hours of 8:30 a.m and 4:00 p.m, to verify whether they are any cheques available for collection. (0)(0)

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Saint Lucia TEPA embarks on OECS Business Mission

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency on Monday embarked on a Business Trade Mission to OECS member states. The first leg of the mission will target the islands of Antigua and Dominica during this week June 08 – 12. The purpose of the mission is to raise the awareness of Saint Lucia as a source of ...

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‘Virginity’ soap to squeeze into St. Lucia market this summer

Not feeling “tight” anymore because your significant other is complaining? Need ‘it’ to feel and smell fresh again? Well, those problems may be solved very soon when a local company introduces a line of female hygiene soaps in St. Lucia later this summer. The management of Global Direct St. Lucia told St. Lucia News Online (SNO) that the ‘ISOBEL Virginity ...

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Gov’t requests funding for St. Jude Hospital Reconstruction Project

PRESS RELEASE – The Government of Saint Lucia requested grant funding support from the Government of Mexico, in the amount of US$2,657,890.50 million towards the completion of the infrastructure component of the St. Jude Hospital Reconstruction Project. This donation, provided through the Infrastructure Fund Trust for Mesoamerican and Caribbean Countries (Yucatan Agreement), will be used specifically for the following project ...

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St. Lucia fails to make list of Caribbean business incubators selected for World Bank training

PRESS RELEASE – Following a 5-week competition and rigorous selection process, Accelerate Caribbean is excited to announce ten business enablers from 7 islands in the Caribbean that will participate in its Business Incubation Clinic during 2015-2016. Infodev’s Business Incubation Specialist, Sophia Muradyan, has expressed hearty congratulations to the selectees and thanks all who participated. “We received nearly 50 applications from ...

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UPDATED: NIC says NWU press release is inaccurate, sends its own

EDITOR’S NOTE: In connection to a release from the National Workers Union (NWU) sent on Tuesday, the following email message was received from the NIC along with the press release below: “We have noted information in the news regarding the NIC/NWU Collective Bargaining Agreement. The NIC believes the information is inaccurate, has caused and may continue to cause some public ...

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BOSL clerical and technical workers get pay increase

PRESS RELEASE – Negotiations between the Management of Bank of Saint Lucia and the National Workers Union ( NWU) have been satisfactorily concluded. Over two hundred and fifty (250) clerical and technical workers employed in operational units in Gros Islet, Castries, Soufriere and Vieux Fort will benefit from a new industrial package. Workers will receive a six percent (6%) compounded ...

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Microsoft Boot Camp for Micoud residents

PRESS RELEASE – The St. Lucia Youth Business Trust in conjunction in conjunction with the Micoud North Constituency Council is offering to young entrepreneurs and potential entrepreneurs of Micoud and environs a “Microsoft Boot-Camp.” The objective of this workshop is to encourage and motivate the youth to be more self-reliant and assist them in understanding how the various aspects of Microsoft ...

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NIC workers get 9% wage increase over 2 trienniums, improvements in overtime and allowances

PRESS RELEASE – The Management of the National Insurance Corporation (NIC) and representatives from the National Workers Union (NWU) met at the Department of Labour to officially sign a new industrial agreement. The new industrial contracts will cover two (2) trienniums: 2012 -2014 and 2015-2017. Workers will receive a nine percent (9%) compounded general wage increase to cover the two ...

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KFC Saint Lucia to launch interactive mobile app

PRESS RELEASE – This month, KFC Saint Lucia brings its flavourful and fresh menu to the fingertips of its customers with a fully interactive and informative mobile app. The app will be the first of its kind to be launched by any of KFC’s restaurants in the Caribbean. The app has been developed by 123 Digital Limited and promoted by ...

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RED Unlimited fit for the road!

PRESS RELEASE – As part of RED Unlimited Carnival Band’s commitment to contributing to the overall development of the St Lucian Carnival product, R3D Carnival gears up for the road with the launch of its annual initiative- Fit to Play R3D starting this Tuesday June 2nd, 2015 and continuing every Tuesday to June 30th, at the CSA Centre Parking Lot, ...

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Corner Bar releases statement on Gros Islet shooting

STATEMENT – Corner Bar in Gros Islet would like to extend its sincerest apology to all its patrons who were inconvenienced by the incident on Thursday 28th May. We do not condone such reckless acts of violence and have always taken the necessary precautions to protect our customers.  Due to the fact that there are always plained clothed police officers present ...

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Young entrepreneur launches website showcasing culture and arts in St. Lucia

PRESS RELEASE – Dujon Media Productions, headed by Gareth S Jules, a 25 year old banker and writer, launches their new website “SOCA Chronicles”. SOCA is an acronym for the SHOWCASE OF CULTURE and ARTS. Such a showcase is what embodies this website and will turn it into a powerhouse platform for local, regional and international entertainers. SOCA Chronicles will WOW you, will ...

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Habitat Terrace Hotel earns TripAdvisor award

PRESS RELEASE – Habitat Terrace Hotel recently received the 2014 award of excellence from booking.com with an 8.4 out of 10 rating. The award is given in recognition of dedication and care in meeting and exceeding guests’ expectations. In addition, TripAdvisor rewarded Habitat Terrace Hotel with the 2015 Certificate of Excellence. This award reflects the direct result of their consistent ...

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Ti Kaye Resort & Spa hosts Schramsberg Wine Maker’s Dinner

PRESS RELEASE – Monday May 25th marked the first of many elegantly delivered Schramsberg Wine Maker’s Dinner events. This exquisite five course wine paired dinner was hosted at ‘Kai Manje’ Ti Kaye Resort & Spa’s Wine Spectator award winning restaurant. It was a fantastic experience for the team at Ti Kaye to have been able to work with our valued ...

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Caribbean advised to review tax exemptions as FDI falls

PRESS RELEASE – The flows of Foreign Direct Investment (FDI) into the Caribbean shrank 4.7 per cent last year, a study by the Economic Commission for Latin America and the Caribbean (ECLAC) has revealed, even though it still receives more FDI than other developing economies. And ECLAC has recommended that Caribbean countries review the incentives they offer to companies to ...

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CIBC recognises its top performers

PRESS RELEASE — Bahamian Shinika Reid, Client Service Officer was one of eight men and women from around the region who were voted CIBC FirstCaribbean’s top performers, or “Players of the Series” in 2014. The award-winning group was recently celebrated by the bank for the second time this year. In January, the eight Caribbean winners and their guests, joined outstanding ...

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Another gas station adopts Rubis brand

PRESS RELEASE – RUBIS West Indies Limited’s (RWIL) continues to grow its business in St Lucia through a new partnership with JN Marie and Sons Limited. Rubis recently opened the newly rebranded Rubis Service Station located at the corner of L’Anse Road and John Compton Highway. JN Marie & Sons Limited has been operating in St. Lucia for over three ...

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CFL staff advised to “think like a customer and act like an owner”

PRESS RELEASE – Consolidated Foods Ltd. (CFL) recognised thirty one team members last Saturday evening, for setting a leading example of the company’s core values and for excellent performance in various training courses. For the past ten years, the company’s annual recognition ceremony was held as part of its May Day activities. This year, the company decided to try something ...

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NWU and M&C Group complete industrial negotiations

PRESS RELEASE – Negotiations between the Management of Minvielle & Chastanet Group of Companies and the National Workers Union (NWU) have been satisfactorily completed. Over three hundred (300) workers employed with the company will benefit from the new industrial package. The company and the NWU agreed that workers earning a maximum of $1499.00 will receive a seven percent (7%) general ...

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Invest Saint Lucia hosts medical research consultations this week

PRESS RELEASE – Invest Saint Lucia will this week host a series of consultations with relevant stakeholders to determine the way forward for establishing Saint Lucia as a preferred location for investments in medical research and education, with downstream opportunities for health tourism and other economic activities. As cited in the 2015 Throne Speech by Her Excellency Dame Pearlette Louisy, ...

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Seaborne and JetBlue to become codeshare partners across the Caribbean

SAN JUAN, Puerto Rico — Seaborne Airlines and JetBlue Airways, the largest carrier in San Juan, have finalized terms to begin a codeshare marketing relationship, expanding upon the carriers’ successful interline agreement in place since 2013. The codeshare will help facilitate improved connectivity between two of the top airlines in the Caribbean, subject to receipt of all regulatory approvals. “We ...

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Cuba establishes banking ties in US ahead of talks

BBC – Cuban diplomats will now have access to banking services in the US, clearing a major hurdle to restore diplomatic ties between the two counties. The US State Department declined to the name the bank, but a senior official expressed optimism ahead of Thursday’s talks between the US and Cuba. This week’s talks in Washington could be the last ...

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Marigot Palms recognised as top-performing B&B

PRESS RELEASE – Marigot Palms Luxury Caribbean Guesthouse and apartments today announced that it has received a TripAdvisor® Certificate of Excellence award. the award celebrates excellence in hospitality and is given only to establishments that consistently achieve great traveler reviews on TripAdvisor “Winning the TripAdvisor Certificate of Excellence is a true source of pride for the entire team at Marigot ...

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Ti Kaye makes the ‘Hall of Fame’ with TripAdvsior

PRESS RELEASE – Ti Kaye Resort & Spa in Saint Lucia is honoured to have been awarded the Hall of Fame for 2015. With five times winner of the certificate of excellence, our outstanding TripAdvisor reviews currently rated 93% is a testament to the company’s consistency in quality service and service delivery. This prestigious award qualifies Ti Kaye to compete with ...

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Government restructures IRD

GIS – The Inland Revenue Department (IRD) is currently undertaking a major reform initiative. According to Prime Minister Hon. Dr. Kenny Anthony, the modernization of the department will complement the changes in the tax system. “Governments are seeking ways to improve operations while increasing transparency and accountability within their departments and agencies,” he said. “The organization structure of the tax administration ...

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Major consultations on medical research and development initiative for Saint Lucia

PRESS RELEASE – Invest Saint Lucia will host a series of consultations with relevant stakeholders to determine the way forward for establishing Saint Lucia as a preferred location for investments in medical research and education, with downstream opportunities for health tourism and other economic activities. As cited in the 2015 Throne Speech by Her Excellency Dame Pearlette Louisy, the Government has ...

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Productivity Fund to help co-finance private sector innovation

PRESS RELEASE – Through the work of the NCPC, the Government of St. Lucia is in the process of establishing a Productivity and Competiveness Fund. The Fund, (grant-based) which will be accessible by September 2015 is poised to be a catalyst that specifically co-finances the private sector to implement solutions or initiatives that either enhances productivity and competitiveness within the ...

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Use funding from NIC to fuel SMFC out of its “comatose” position – NWU advises gov’t

PRESS RELEASE – The National Workers Union (NWU) wishes to express its appreciation to and admiration for the St. Lucia Mortgage Finance Company Limited (SMFC) on its forty-seventh (47th) year of operation. During that period, the SMFC has successfully executed its intended mandate of providing affordable land and housing projects for Saint Lucians. Forty seven (47) years of operation is ...

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Coco Palm awarded TripAdvisor Certificate of Excellence for 5 consecutive years

PRESS RELEASE – Coco Palm, Saint Lucia’s premier family owned and managed boutique hotel, today announced that it has been recognized as a Trip Advisor® Certificate of Excellence Hall of Fame winner. The Certificate of Excellence award celebrates excellence in hospitality and is given only to establishments that consistently achieve great traveler reviews on Trip Advisor. The ‘Hall of Fame’ ...

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Courts to donate minimum of $7,000 to Child Development and Guidance Centre

PRESS RELEASE – The Caribbean’s leading retailers of the most comfortable and affordable “Bedding” products Courts, has announced plans to undertake an initiative which is geared towards raising funds for the Child Development and Guidance Centre. This announcement was made at a short press conference held on the premises of the centre on Friday May 15th by the company’s OECS ...

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Canada to help eastern Caribbean countries improve debt management

PRESS RELEASE – The Eastern Caribbean Currency Union (ECCU) countries will develop new organisational structures along functional lines to increase the effectiveness of their Debt Management Units in implementing governments’ debt management strategies. This was one of the main decisions of the Canada Eastern Caribbean Debt Management Advisory Service (CANEC-DMAS) Project Steering Committee (PSC) when it met for its annual review meeting on 28 April ...

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Bay Gardens Resorts awarded TripAdvisor excellence

PRESS RELEASE – The Bay Gardens Beach Resort and Spa along with the Bay Gardens Hotel and the Bay Gardens Inn announced today that they have received the 2015 TripAdvisor® Certificate of Excellence award. Now in its fifth year, the award celebrates excellence in hospitality and is given only to establishments that consistently achieve great traveller reviews on TripAdvisor. Certificate ...

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Fond Doux Plantation & Resort earns new award

PRESS RELEASE – After a year of industry accolades, Fond Doux Plantation & Resort is adding one more award, an industry designation, and a Green property recognition to a year that has seen the Sourfriere property recognized for its excellence. Fond Doux has been awarded a Certificate of Excellence from Tripadvisor for the fourth consecutive year. This prestigious accolade from ...

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Prime Minister proposes amendments to VAT Act

GIS – The Government of Saint Lucia has proposed amendments to the Value Added Tax (VAT) Act. The VAT Act currently makes provision for the exemption of an unconditional gift of a good to the state. Prime Minister the Hon. Dr. Kenny D. Anthony, during his 2015/2016 budget address, proposed an extension to this exemption. “I propose that this exemption ...

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Artists invited to apply to perform at launch of Appleton Estate 21 Arts Café

PRESS RELEASE – Appleton Estate 21 Arts Café, founded by Ms. Sherrie Alcee and exclusively sponsored by Appleton Estate Jamaica Rum, officially invites artists to apply to participate in their official launching ceremony in June 2015. The launching ceremony will allow local artists a firsthand experience in exhibiting their collections and performing at a sophisticated venue located on the corner ...

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Marigot restaurant and guest house in the hall of fame

PRESS RELEASE – Mango Beach Inn and Rainforest Hideaway Restaurant on the north side of Marigot have both been welcomed by Trip Advisor into its “Hall of Fame”. This unique accolade is granted only to those businesses that have won the Certificate of Excellence for five years in a row. HUNDREDS OF RAVE REVIEWS Owner John Verity is delighted with ...

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Anse Chastanet enters “Hall of Fame”

PRESS RELEASE – St. Lucia’s storied Anse Chastanet resort has entered into TripAdvisor’s 2015 Certificate of Excellence Hall of Fame. Now in its fifth year, the award celebrates hospitality excellence worldwide and is given to accommodations, restaurants and attractions listed on TripAdvisor which consistently achieve outstanding traveler reviews on the site. “What wonderful recognition for the work of so many ...

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Gov’t approves Public-Private Partnership Policy framework

PRESS RELEASE – In March 2015, the Government approved a Public-Private Partnership (PPP) Policy framework for Saint Lucia. The Policy which details the criteria for engaging in PPPs will provide an alternative source of funding to the Government in meeting the infrastructure and public sector needs while at the same time ensuring fiscal and debt sustainability. A Public-Private Partnership (PPP) ...

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Presentation to encourage small businesses to adopt environmental consciousness

PRESS RELEASE – The St. Lucia Youth Business Trust in conjunction with the St. Lucia Chamber of Commerce, Industry and Agriculture in an effort to contribute to the development of young business owners is seeking to host a “Green Economy” presentation. This will be held on Thursday 18th June, 2015 at the Chamber of Commerce, Industry and Agriculture’s Conference Room. ...

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Principles of financial accounting course being offered to small businesses

PRESS RELEASE – The St. Lucia Youth Business Trust in conjunction with the St. Lucia Chamber of Commerce, Industry and Agriculture is offering to small enterprises on the island “Principles of Financial Accounting.” This course seeks to provide critical business management skills and knowledge to small enterprises. The program, through a series of practical guidance workshops delivered by practicing professionals ...

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Appleton Arts Cafe invites artists to apply to take part in official launch

PRESS RELEASE – Appleton Estate 21 Arts Café, founded by Ms. Sherrie Alcee and exclusively sponsored by Appleton Estate Jamaica Rum, officially invites artists to apply to participate in their official launching ceremony in June 2015. The launching ceremony will allow local artists a firsthand experience in exhibiting their collections and performing at a sophisticated venue located on the corner ...

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NWU negotiations with WASCO continue

PRESS RELEASE – Representatives from the National Workers Union (NWU) and officials from the Water & Sewerage Co. Inc will meet on Thursday May 21, 2015 at 10.00 a.m. The parties will be meeting to continue industrial negotiations which began early in 2015. The union has made it abundantly clear that it is prepared to allow certain fringe benefits to ...

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‘MyOffice’ from Cable & Wireless now available in St. Lucia

PRESS RELEASE – Cable & Wireless (CWC) Business Solutions has teamed up with global business solutions providers, Avaya, Juniper and BlackBerry, to retrofit offices across St. Lucia with new state-of-the art telephone systems. The Solution known as ‘MyOffice’ will replace the growing number of ageing telephone systems while catering to the growing technology needs of small, medium and large businesses. ...

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NWU requests audience to discuss Banking Act

PRESS RELEASE – The National Workers Union (NWU) has written to Hon. Dr. Kenny D. Anthony, Prime Minister of Saint Lucia and Leader of the Opposition, Hon. Gale Rigobert requesting an audience. The NWU would like to speak separately with both political heads on the recently enacted legislation, namely, the Banking Act. The NWU in its letters dated May 13, ...

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