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Finance/Business

OECS launches business magazine

GIS – The Organisation of Eastern Caribbean States (OECS) Commission has launched the first launches OECS Business Focus Magazine. The first issue of the magazine provides a comprehensive outlook at economic activities across the region. Additionally the magazine will cover topics such as youth entrepreneurship, the OECS’ preparations for the UN Climate Change Conference, the renewable energy sector and business development ...

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TEPA to host Digital Marketing Symposium as part of ICT Week 2015

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency (TEPA) in collaboration with Caribbean Regional Communications Infrastructure Program (CARCIP) will be hosting a Digital Marketing Symposium on August 11 from 8:30am to 3:30pm at the Public Service Training Institute (formerly Spinners). TEPA has recognized the need for proper, professional and attractive digital representation/marketing for its clients in the market place. ...

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NWU discusses “harsh” termination of St. Jude Hospital worker

PRESS RELEASE – Conciliatory discussions between the management of St. Jude Hospital and the National Workers Union (NWU) continued Friday, August 7, 2015 at the Department of Labour. The talks which were held under the chairmanship of an official from the Department of Labour went on for four (4) hours. The parties extensively discussed the termination of a worker by ...

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Newly-renovated Super J opens its doors

PRESS RELEASE – A new in-store deli, modern décor and upgraded equipment, spacious produce areas, and a wider selection and variety of products including fresh meat were some of the enhancements which greeted customers when the two Super J stores (La Clery and New Dock) reopened last week. On entering the stores, hundreds of delighted customers were eager to experience the ...

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More Digicel customers now $1,000 richer!

PRESS RELEASE – In keeping with its promise to continuously deliver exciting and rewarding promotions, Digicel rewarded an additional 20 customers through the Digicel RED HOT CASH Promotion. Ten lucky customers were all surprised last week with an additional 10 this week, with the great news that each of them had won themselves $1,000 cash. To date, over forty Digicel ...

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Senate approves Citizenship by Investment; La Corbiniere says it will boost economy

GIS – The Citizenship by Investment bill received the Senate’s nod of approval on Tuesday. Leader of Government Business and Minister for Legal Affairs, Home Affairs and National Security, Sen. Hon. Victor Phillip La Corbiniere, welcomed the bill, which he said will boost Saint Lucia’s economy. “We know that the Citizenship by Investment program has the potential to generate significant ...

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St. Lucia Chamber continues ‘Encounter Series’ on new banking legislation

PRESS RELEASE – The St. Lucia Chamber of Commerce, Industry and Agriculture continues its Encounter Series which seeks to create a platform to engage members in discussions on important issues. This Encounter, The New Banking Act- Key Provisions and Potential Impact maintains the structure where Panelist offer different perspectives on The Banking Act and the effects, the new provisions may have ...

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NWU: Security guards plan “work-to-rule” protest for $700,000 owed to them

PRESS RELEASE – Security Guards employed with Secure St. Lucia Ltd. throughout the company’s operational units around the island will begin a “work-to-rule” as from Monday August 10, 2015. The “Work to rule” protest by the security guards is a mild attempt to demonstrate their disgust with the snail pace manner in which the Department of Labour is handling a $700,000.00 ...

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SLBS pulls hair color product

PRESS RELEASE – The Saint Lucia Bureau of Standards (SLBS) has withdrawn from sale the Couleur de Star hair dye product. The product does not comply with the compulsory standard for the labelling of pre-packaged goods as it is labelled in a language other than English, and therefore is non complaint. In addition, the product poses the likely risk of ...

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Axcel Finance undertakes largest SME survery

PRESS RELEASE – It has been said that the informal economy, which typically consists of small and micro-enterprises, is often left out in surveys and data gathering in the market. And while several international studies on the SME sector were made in the larger Caribbean islands, the OECS region has typically been overlooked. “SMEs are central to the survival and ...

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Courts launches Smart Energy Solutions

PRESS RELEASE – Courts, Saint Lucia’s leading retailer of the world’s best brands in Furniture, Appliances and Electronics is proud to unveil our “Smart Energy Solutions”. This line of products brings together the latest and newest technology in Energy Efficiency, providing high value to customers through immediate savings through lower energy bills. The introduction of Smart Energy Solutions, establishes Courts ...

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Power Play winner walks away with $51,581.78 today!

PRESS RELEASE – Congratulations to our Power Play winner Mr. Bonaventure Vincent, who walked away with a cheque of $51,581.78 today. Mr. Vincent won with a quick pick on the numbers 01-08-18-24 power pick 03 on Saturday July 18th 2015. Similarly, our previous Power Play winner Ms. Nadia James, who walked away with $188,000, also won with a quick pick. Mr. ...

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Heritage Bank to acquire CIBC FirstCaribbean’s operations in Belize

PRESS RELEASE – Heritage Bank and CIBC FirstCaribbean International Bank today announced that they have entered into an agreement that will see Heritage Bank acquiring the assets of the Belize operations of CIBC FirstCaribbean. The transaction is subject to regulatory approval and the requisite applications have been submitted to the Central Bank of Belize and the Central Bank of Barbados. The ...

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SLISBA Small Business Awards set for Saturday, August 8

PRESS RELEASE – Who will be the Manufacturer of the Year, Youth Entrepreneur or Coconut Vendor of the Year These and other awards will be announced on Saturday when the St. Lucia Industrial and Small Business Association, [SLISBA] hosts the National Awards for Small, Medium and Micro Enterprises. The awards are known as the Excellence in Entrepreneurship Awards and it will ...

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Gov’t to issue fixed rate bonds to repay landowners

GIS – The Senate has authorized the Minister for Finance to raise sums of EC$8,407,800 and EC$5,092,200 by the issue of fixed rate bonds to Marie Ann Cecilia Francis and the Estate of Oliver Caliste Nicholas Francis to settle outstanding liabilities for the compulsory acquisition of lands. Leader of Government Business, Sen. Hon. Victor La Corbiniere, spoke to the terms and ...

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Renwick & Company Ltd. launches Supreme Bleach Facebook Campaign

PRESS RELEASE – Renwick & Company Ltd, agents for Supreme bleach, has a launched a Facebook campaign which will award two lucky winners monthly with the opportunity to have their homes cleaned by Klennovation, a professional cleaning service. To qualify for the promotion, consumers simply have to email a photo which shows them using Supreme Bleach at home along with ...

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The Landings St. Lucia appoints new general manager

PRESS RELEASE – The Landings St. Lucia has appointed international business executive Kathy Taylor interim General Manager following the departure of Caribbean hospitality veteran Kashmie Ali, who led a turnaround of fortunes at the premier Caribbean resort over the past year. Ali, who helped to bolster the resort’s success in the luxury villa resort category, opted to pursue new opportunities ...

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Splash Island management pleased with first-day turnout (see photo gallery)

The management of Splash Island Water Park St. Lucia has expressed satisfaction with today’s turnout, the first official day of business. Founded and developed by Bay Gardens Resort Director Julianna Ward-Destang, the water park is located on Reduit Beach, Rodney Bay Village. It is being dubbed the first open-water sports park in the Eastern Caribbean. The official opening ceremony was held yesterday, Friday, July ...

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New hotel completes first beach villa

SLHTA NEWSLETTER – Six Senses Residencies Freedom Bay are proud to announce the completion of the first beach villa,which will be open as our first show villa this year. The development has reached new bounds in 2015 with the practical completion of the first resort villa in June 2015, and the completion of a further four villas by the end of ...

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Hotel opens barbershop for employees

SLHTA NEWSLETTER – On the 28th July, 2015 the St. James’s Club Morgan Bay unveiled the opening of its own “Employees Barber Shop” under the patronage of the General Manager Mr. Mark A. Grebby. The opening of the barber shop for our employees is already proving to be quite successful as many are enjoying the benefits of having such a ...

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Gov’t to replace outdated telephone system

PRESS RELEASE – The Government of Saint Lucia is to realize savings of up to EC$4 million in recurrent expenditure in the area of telecommunications services. This is as a result of the introduction of the state of the art Unified Communication System-UCS, which will facilitate improved reach-ability of government officials and departments. The official award and contract signing for ...

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Int’l pest control franchise Orkin heading to St. Lucia

PRESS RELEASE – ORKIN is headed down to St. Lucia, but not for vacation. The unit of Atlanta-based Rollins Inc., is launching on August 4th, 2015 in St. Lucia. It will offer commercial and residential pest control and termite control services. Atlanta-based Orkin operates in the United States, Canada, Europe, Central America, the Middle East, the Caribbean, Asia, the Mediterranean, Africa ...

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Coco Palm officially ranks as top affordable hotel

PRESS RELEASE – Coco Palm has officially been ranked as one of the top ten Best Affordable Caribbean Resorts by Award Winning Trips. A winning combination in today’s trends both on line and competitive pricing, Coco Palm ranked number six by the savvy site that identifies the best trips and resorts. General Manager, Jean St Rose, was pleased with the accolade ...

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Splash Island Water Park Saint Lucia officially opened!

SLHTA NEWSLETTER – The Splash Island Water Park was launched on Friday 31st July 2015 in grand style at the Bay Gardens Beach Resort and Spa. The water park, located on one of the most pristine beaches on the island of Saint Lucia, received much positive feedback from attendees at the launching ceremony. The park is the brainchild of Mrs. ...

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Super J IGA La Clery supermarket to re-open today

  PRESS RELEASE – After a four (4) week closure for renovations, Super J IGA La Clery is gearing up to re-open its doors to the public on Friday, July 31st, 2015 The celebrations will kick off with an official opening ceremony at 1:30pm with doors scheduled to open at 2:30pm. Following the opening ceremony, shoppers will be treated to ...

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NWU makes urgent appeal to Labour Commissioner

PRESS RELEASE – The National Workers Union (NWU) has called on Acting Labour Commissioner, Mr. Ray Narcisse to step in urgently and make all the necessary arrangements to establish the process that would determine clearly the recognition issue between the Management of First Citizens Investment Services Ltd and the National Workers Union. The NWU in a letter to the Acting ...

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Caribbean ministers call for action on OTTs

PRESS RELEASE – Representatives of the ECTEL Member States have called on telecommunications service providers in the Caribbean region to propose solutions to the issue of Over-the-Top (OTT) services for the consideration of policy makers and regulators. Other Ministers from the Caribbean region including Barbados Turks and Caicos Islands, Antigua and Barbuda have supported this call. During the ministerial panel ...

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Grand re-opening of Super J IGA New Dock set for Thursday

  PRESS RELEASE – On Thursday, July 30th, 2015 Super J IGA Supermarkets will celebrate the Grand Reopening of its New Dock Supermarket. Customers are invited to join in the celebration which includes two days of exciting promotions and specials, sampling of delicious food and  drinks and entertainment by the Laborie Steel Pan Project. Store Manager Mrs. Lea St. Clair ...

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NWU and St. Jude Hospital to meet July 30, 2015

PRESS RELEASE – The Management of St. Jude Hospital and officials from the National Workers Union (NWU) will meet at the Conference Room of the St. Jude Hospital, Vieux Fort from 10.00 a.m. on Thursday, July 30, 2015. The parties will discuss the Memoranda of Proposals submitted by the union which will form the basis for the new round of ...

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NWU awards bursaries to hotel and tourism workers

PRESS RELEASE – Twenty-five hotel and tourism workers employed within eight branches of the National Workers Union (NWU) will each receive a $500 bursary from the NWU for their children. This amount will be handed out to members of the union’s tourism-related branches who are currently financial members with a child entering secondary school for the first time in September 2015. ...

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SNL announces Big 4 Daily Cash promotion

PRESS RELEASE – For every single spend of $9 on Big 4 customers get a chance to win tickets with varying cash amounts from $50 to $100 every day. YES that’s right, EVERY DAY you get a chance to win $50 to $100 on Big 4 for every single spend of $9 or more… And of course the more you spend ...

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FREE calls for LIME customers!

PRESS RELEASE – LIME prepaid mobile customers can now talk for hours for free, with the relaunch of this free talk campaign! This offer, dubbed FREE after FOUR, gives customers who talk for four minutes on a single local LIME-to-LIME mobile call an extra 60 minutes free on that call, and allows them to enjoy even more value for their money. ...

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Cuba and Saint Lucia sign MoU to promote trade

PRESS RELEASE – On Thursday July 16, 2015, the Honorable Emma Hippolyte, Minister of Commerce Business Development, Investment and Consumer Affairs and Roberto Verrier, Director of the Centro de Promociὁn del Comercio Exterior y la Inversiὁn Extranjera (CEPEC) signed a Memorandum of Understanding (MOU) during the recently held Cuba-Caribbean Business Forum. This MOU cements the on-going relationship between the TEPA ...

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Serenity Vacations & Tours awarded TripAdvisor Hall of Fame

SLHTA NEWSLETTER – Serenity Vacations & Tours is indeed elated to share news of its latest service award in announcing its fifth consecutive certificate of excellence, and concomitantly its entry into the TripAdvisorserenity vaca Hall of Fame. “Being awarded the TripAdvisor Certificate of Excellence five years in a row and inducted into the ‘Hall of Fame’ is a true source ...

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CARIBBEAN: US$160M C&W investment for Barbados

PRESS RELEASE – C&W is investing US$160M in Barbados as the Company rolls out its new retail brand Flow on the island as part of its merger with Columbus Communications. Barbados is the first country to launch the newly combined retail brand. Niall Sheehy, Country Manager of the ‘new’ Flow, revealed a number of significant developments for Barbados. “What we ...

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Flow begins significant roll out; launches US$160 investment in Barbados

PRESS RELEASE – C&W is investing US$160M in Barbados as the Company rolls out its new retail brand Flow on the island as part of its merger with Columbus Communications. Barbados is the first country to launch the newly combined retail brand. Niall Sheehy, Country Manager of the ‘new’ Flow, revealed a number of significant developments for Barbados. “What we have ...

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NOTICE: Bank closures on Carnival Monday and Tuesday

PRESS RELEASE – The Bankers Association of Saint Lucia advises the public that Member Commercial Banks will be closed for business on Monday July 20th and Tuesday July 21st due to the Carnival festivities. The President and Members of the Bankers Association of Saint Lucia take the opportunity to wish all Saint Lucians and visitors to our shores a safe ...

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Government to provide incentives to offshore educational institutions

PRESS RELEASE – The House of Assembly Tuesday, passed the Offshore Higher Education Licensing and Incentives Bill. This new piece of legislation will serve as a broad framework for licensing of offshore educational institutions. It will also make available incentives to the said institutions. Minister for Education, Human Resource Development and Labour, Hon. Dr. Robert Lewis, said the bill is ...

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UPDATED: Saint Lucia mentioned in international debt crisis report

Saint Lucia has been named as one of the countries at risk of “current government external debt crisis”, according to a new analysis by the Jubilee Debt Campaign in the United Kingdom. The country was not initially listed in a Business Insider report dated July 11, 2015 that named five other Caribbean countries which falls under the same listing. The other ...

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BOSL launches “My Way”

PRESS RELEASE – The power of banking in your hands and on your time. This was the premise behind the official launch of Bank of Saint Lucia’s (BOSL) “My Way” programme at its head office on Bridge Street, Castries. “My Way” banking is the new umbrella brand for BOSL’s Suite of Convenience Banking Services. Officials from Bank of Saint Lucia ...

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Saint Lucia selected as location of the future

GIS – Site Selection Magazine readers have identified Saint Lucia as one of the countries outside the US where companies will locate five to ten years from now. The magazine is an influential publication that highlights corporate real estate strategy and area economic development. Location consultants and experts in foreign direct investment from around the world were asked where they ...

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Piton to give away buckets of beer this weekend

PRESS RELEASE – Piton Beer continues its support of Saint Lucia Carnival 2015 with its involvement in this weekend’s Soca or Suffer (S.O.S.) event to be held at Samaans Gardens on Saturday 11th July. Piton Beer has long been known as the brand offering the most fun and excitement and this year, patrons of this event will be part of ...

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St. Lucia makes investors’ choice list

PRESS RELEASE – Saint Lucia has been identified as one of the countries outside the US, where companies will locate five to ten years from now. That’s according to readers of Site Selection Magazine – an influential publication that highlights corporate real estate strategy and area economic development. Location consultants and experts in foreign direct investment from around the world, ...

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Inland Revenue Department announces reform initiatives

PRESS RELEASE – The Inland Revenue Department (IRD) is currently undertaking a major reform initiative which encompasses a review of its processes, procedures and operational structure with the aim of providing taxpayers with more efficient and timely service. The main objectives of IRD’s reform programme are to:  enhance taxpayer service and compliance;  re-organize the IRD along functional lines;  strengthen strategic ...

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LIME set to celebrate Carnival 2015 with a bang!

PRESS RELEASE – Carnival celebrations in St. Lucia just wouldn’t be the same with the presence of LIME. Mas lovers around the island always look forward with eager anticipation to the company’s involvement in the festivities. LIME is already preparing to hit the road this year. The nation’s leading telecommunications provider has announced a massive sponsorship package for the 2015 ...

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LIME giving away over $70,000 in BIG Money!

PRESS RELEASE – Who wouldn’t welcome the chance to win $1,000 or more every day, especially if it could help to make day-to-day living a little easier? That’s precisely what LIME is giving away in its newly re-launched BIG Money promotion – $1,000 in cash daily, every week. Every customer who tops up $15 or more (plus VAT) at any LIME ...

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CIBC FirstCaribbean CEO visits Saint Lucia

PRESS RELEASE – CIBC FirstCaribbean CEO, RikParkhillrecently paid a visit to St. Lucia during his annual country visits to CIBC FirstCaribbean territories within the region. The visit served to acquaint the CEO with the bank’s local achievements and operations and to personally engage staff in terms of the strategic vision for the bank. An important outcome of the visit for the ...

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First Citizens and Neutrogena present “Diary Of A Smart Woman”

PRESS RELEASE – Want to be financially independent and take control of your well-being? Isn’t it time you turned the page to a smarter, better you? Then get ready as First Citizens and Neutrogena present “Diary of a Smart Woman”––the women’s seminar for forward thinking ladies! Set a date for Saturday July 25th at the Saint James Club Morgan Bay ...

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CIBC FirstCaribbean stilt walkers set to showcase at this year’s carnival

PRESS RELEASE – Carnival festivities are well underway and CIBC FirstCaribbean has stepped up in its support ofJust Us Kids Carnival Band. The band’s portrayal will be enhanced this year by the stilt walking section, CIBC FirstCaribbean Stilt Walkers. The section features talented youth who have honed their skills and are all geared to entertain the crowds at the upcoming ...

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CARIBBEAN: CGTI says board governance more crucial than ever for business success

PRESS RELEASE – The message was clear at the Caribbean Governance Training Institute’s second annual Directors’ Conference on Monday and Tuesday, July 6-7 in Saint Lucia: Organisations which choose to ignore today’s reality and fail to strengthen the effectiveness of board governance are likely doomed to fail. And who can argue with that rationale? In these corporate scandal-filled days since ...

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Gov’t to pay off debt to private land owners

GIS – Prime Minister and Minister for Finance, Hon. Dr. Kenny D. Anthony, at Tuesday’s sitting of the House of Assembly, said government is committed to settling outstanding liabilities for purchase of private lands acquired for development. Parliament authorized the Minister for Finance to borrow just over $13 million to honor outstanding payments to owners of lands in the south. ...

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CARIBBEAN: CIBC FirstCaribbean enters the Aruba market

PRESS RELEASE – Having received its license to operate in Aruba earlier this year, CIBC FirstCaribbean recently took another step towards establishing a full-time presence in the Dutch Caribbean country, with the opening of a Representative Office in Oranjestad. The official opening of the office was attended by Chief Executive Officer of the bank, Rik Parkhill, Managing Director for the ...

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Credit card interest ease for customers who switch to CIBC FirstCaribbean

PRESS RELEASE – CIBC FirstCaribbean is putting more cash into the pockets of credit card holders over the next six months, by waiving interest on existing credit cards balances when customers switch their balances from another credit card to a CIBC FirstCaribbean Visa card. People who are not currently holders of a CIBC FirstCaribbean Visa credit card can transfer their ...

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Chamber of Commerce to host Mexican ambassador at executive luncheon

PRESS RELEASE – The St. Lucia Chamber of Commerce Industry and Agriculture will be hosting July’s Executive Luncheon at the Golden Palm Events Center- Rodney Bay on July 29. The speaker is Ambassador Luis Manuel Lopez Moreno of the Mexican Embassy. Ambassador Moreno is keen to improve the relationship between St. Lucia and Mexico. Earlier this year the Mexican Government ...

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Splash Island 10000 fans promotion launch

PRESS RELEASE – Excitement among visitors and locals alike is building as the much anticipated opening of the Caribbean’s first inflatable open water sports park approaches on August 1, 2015. Splash Island Water Park, St. Lucia will be located at the end of beautiful Reduit Beach in front of the award winning Bay Gardens Beach Resort & Spa. The park ...

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Sandals Grands opens first of three new restaurants

PRESS RELEASE – As part of its Gourmet Discovery Dining program, aimed at enhancing the overall quality and authenticity of the food and beverage experience at Sandals Resorts and Beaches Resorts throughout the Caribbean, Sandals Resorts International has extended old favorites and newly developed restaurant concepts to additional resorts. The introduction of the Jerk Shack begins the Luxury Included® Resort ...

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SEDU seeks training institutions

GIS – The Small Enterprise Development Unit (SEDU) is streamlining the training assistance available to existing enterprises, by collating relevant information to facilitate micro and small businesses’ access to training. It is therefore inviting all business professionals and training institutions who offer certified or recognized courses or programs which support skills development to contact the Small Enterprise Development Unit on ...

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NIC increases benefit payments effective July 1, 2015

PRESS RELEASE – An Actuarial Review of the National Insurance Corporation is conducted every five years. The objective of the review is to foster the good governance of the National Insurance Corporation by securing the long-term financial sustainability of the NIC and considering appropriate reform measures based on the findings and recommendations of the report. As announced by the Prime ...

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