Finance/Business

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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ECLAC study on FDI puts focus on the Caribbean

PRESS RELEASE – The Caribbean receives higher amounts of Foreign Direct Investment (FDI) when compared to other developing economies, according to a newly published report from the Economic Commission for Latin America and the Caribbean (ECLAC). Entitled “Foreign Direct Investment in Latin America and the Caribbean”, the flagship report was launched by ECLAC Executive Secretary, Alicia Bárcena, on 27 May ...

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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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First Citizens to host Budget Review seminar

PRESS RELEASE – In an effort to educate and enlighten the populace about financial issues First Citizens Investment Services continues its drive to hold informative seminars to promote discussions on various issues affecting the public and private sector. On the heels of the just concluded Budget presentation First Citizens Investment Services will be hosting its annual Budget Review Seminar on ...

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SLHTA upcoming AGM and Tradeshow

The St. Lucia Hotel and Tourism Association (SLHTA) Annual General Meeting and Tradeshow is fast approaching and will be held at Bay Gardens Hotel on Friday, May 29, 2015. The much anticipated Tradeshow will indeed create a buzz and attraction for those individuals or companies looking to build networks and create new business opportunities. The Tourism Linkages Trade Show has ...

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Cable & Wireless Communications wins regional award

PRESS RELEASE – Cable & Wireless Communications (CWC) has announced it has been recognized as Avaya Central America and the Caribbean Mid-Market Partner of the Year for 2014. In addition to this win, Cable and Wireless received nominations for Project of the Year, Salesperson of the Year and Pre-Sales Engineer of the year. The company received the award during Avaya’s ...

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Caribbean food export sector gets more CDB funding

PRESS RELEASE – The Caribbean Development Bank (CDB) has pumped an additional $469,000 USD into the region’s specialty food sector via a Supplemental Grant to the Caribbean Export Development Agency (Caribbean Export) under the Caribbean Aid for Trade and Regional Integration (CARTFund) Programme, which is funded by the Department for International Development (DfID). The region’s specialty foods include a range ...

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PM Anthony announces reforms to boost ease of business

A series of reforms and initiatives will be undertaken through a project geared at improving efficiency and competitiveness, and supporting renewed investment in the local economy. This is according to Prime Minister Dr Kenny Anthony who said the project will focus on improving access to credit by drafting legislation to deal with insolvency, and to facilitate secured transactions. In addition ...

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SLHTA to host Hospitality and Tourism Job Fair

PRESS RELEASE – The Saint Lucia Hotel and Tourism Association invites members of the general public to the SLHTA’s 2nd Annual Hospitality and Tourism Job Fair set to be hosted on Friday 15th May 2015 at the Ixora Conference Room (Bay Gardens Inn) from 9 am – 3pm. The Job Fair is designed to connect potential employers with job seekers ...

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GOOD NEWS: Over 600 to benefit from new VAT threshold; “We have listened to their concerns” – says PM

Government has proposed raising the Value Added Tax (VAT) threshold from $180,000 to $400,000. This means that over 600 VAT registrants will not be required to collect VAT on behalf of the government, Prime Minister and Minister of Finance announced in his 2015 Budget Statement on Tuesday. “We have recognized that these smaller registrants are continuously seeking filing assistance from ...

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Slight increase in electricity bills likely

Residents may pay a little more for electricity later this year if a government proposal to increase the charge on fuel purchased by St. Lucia Electricity Services (LUCELEC) by 50 cents per imperial gallon – for the second consecutive year – takes effect. In his Budget Statement on Tuesday, Prime Minister Dr. Kenny Anthony said it is better to raise ...

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US$90 million Hilton-branded hotel development comes to St. Kitts

PRESS RELEASE – Currently under construction in Pelican Bay, St. Kitts will debut a 226-suite Embassy Suites by Hilton hotel in the first quarter of 2017. This announcement was made by Hilton Hotels on Wednesday, May 6, following the signing of a franchise agreement with Caribbean-based developers Sterling Developments. “We welcome Hilton Hotels to the island,” said the Hon. Mr. ...

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Pension and lump sum benefits to increase

PRESS RELEASE – Effective July 1, 2015, pension and lump sum benefits paid by the National Insurance Corporation (NIC) will increase. This announcement was made by Prime Minister and Minister for Finance, in Tuesday’s 2015/2016 Budget Statement. The Prime Minister informed that these changes have been approved by the International Labour Organization (ILO), based on an actuarial review of the ...

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NWU submits request for recognition certificate for FCIS

PRESS RELEASE – Clerical, technical and non-managerial workers employed with First Citizens Investment Services Limited, St. Lucia have become members of the National Workers Union (NWU). As a result the NWU has submitted a recognition claim to the Labour Commissioner, Mr. Ray Narcisse on behalf of the staff. The National Workers Union (NWU)’s letter is in keeping with the present ...

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PM reveals projected increases in government revenue

NATIONWIDE – Government revenue is steadily increasing as citizens and corporations become more tax compliant. With the Prime Minister and Minister of Finance ready to deliver his 2015 Budget Address on Tuesday, May 12, the entire nation is preparing to see and hear the budget debate expected to follow on Thursday and Friday, May 14 and 15. The Opposition failed ...

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First Citizens challenges young people: “Change your money mindset!”

PRESS RELEASE – “Who wants be a millionaire?” The hands went up even before the question reached the back of the room. “Now, who wants to be a billionaire?” Even more hands stretched as First Citizens Trader and Liquidity Management Officer Cindy JnBaptiste began to deliver her presentation on “The Millionaire Mindset.” The occasion was the First Citizens Investment Services ...

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ECCB deputy governor says the EC dollar strong as ever

GIS – The Eastern Caribbean currency has been pegged to the United States dollar at a fixed rate of EC $2.70 since 1976. The Eastern Caribbean Central Bank (ECCB) has said that the EC dollar is as strong as ever despite the withdrawal of the currency’s one-cent and two-cent coins. Deputy Governor for the ECCB, Trevor Brathwaite, said the Eastern ...

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