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Finance/Business

PM believes common approach necessary to deal with marijuana debate

PRESS RELEASE – Prime Minister Dr. Kenny D. Anthony said he is pleased that CARICOM has decided to establish a commission to deal with the marijuana debate now engaging the Caribbean Community. In an HTS interview, Dr. Anthony disclosed that the suggestion of a commission came from Saint Lucia. He disclosed that he had made the proposal to CARICOM several ...

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Community Institutions discuss CARICOM Draft Strategic Plan

PRESS RELEASE – The Draft Strategic Plan that will drive the CARICOM Reform Process continued to be developed with discussions among the Community Institutions at the CARICOM Secretariat Headquarters in Turkeyen Guyana on Monday. The purpose of the discussions was to solicit the views of the institutions on a direction, priorities, framework for implementation, areas of collaboration and the requirements ...

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Coconut Bay Beach Resort and Spa launches Cocoland Cares programme

The Coconut Bay Beach Resort and Spa has embarked on a Cocoland Cares programme – an initiative which will see the distribution of donation packages and other support for early childhood education institutions on the island. Cocoland Cares has been described as a major national initiative which involves significant investment in the early childhood learning sector. Donation packages will include ...

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Workshop held to strengthen fisherfolk capacity in St. Lucia

PRESS RELEASE – Over 30 fisherfolk leaders from the Saint Lucia National Fisherfolk Cooperative Society Limited (SLNFCSL) and affiliate fisherfolk cooperatives, and representatives from the Fisheries and Cooperatives Divisions participated in a National Fisherfolk Workshop in Saint Lucia from April 2-3, 2014. This workshop was aimed at strengthening the capacities of the fisherfolk organisations in Saint Lucia to better participate ...

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LIME giving away free services and free fuel

PRESS RELEASE – The giveaways continue to flow non-stop at LIME as Saint Lucia and the Caribbean’s leading telecommunications service provider unveils its popular Pay Early & Win promotion, giving customers more opportunities to win fabulous prizes. Pay Early & Win gives a whopping five customers the chance to win three months of free utility payments for electricity, water, landline, ...

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St. Lucia to get daily flights from British Airways this summer

Saint Lucia will receive daily flights from British Airways from the Gatwick International Airport in London this summer. This is according to an article on Crawly News website which revealed some of the airline’s fares under its new summer route. British Airways, according to the article, kicked off its summer schedule on March 30, 2014 with increased routes and additional ...

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PM lauds Axcel Finance as a pioneer in microfinance

PRESS RELEASE  – The role of small businesses in creating employment, empowering less well-endowed segments of the population and stimulating economic growth is one which the Government of St. Lucia supports and encourages. That disclosure was made by Prime Minister Dr. Kenny D. Anthony as he delivered the keynote address at the official opening of the Vieux Fort branch of ...

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Big 4 can now be played twice per day!

PRESS RELEASE – The St. Lucia National Lottery has introduced an additional draw for Big 4.  Players can now play twice a day with a draw at 1:30 p.m. and 9 p.m. Big 4 was launched on February 1, 2013 with two bet types: ‘Straight’ and ‘Mix’. In September 2013 another bet type ‘Backup’ was introduced. This bet type allowed ...

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No new taxes coming, VAT is stabilising – PM

No new taxes will be imposed when the government presents the 2014/2015 national budget, but there will be some adjustments to the existing duties. That’s according to Prime Minister Dr. Kenny Anthony who said these variations will be made with a view to moving the country out of the “distressing period that we’ve all experienced”. Speaking on HTS Newsforce, Dr. ...

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Funding announced for viable Climate Change concepts

Saint Lucians are being encouraged to participate in the Caribbean Climate Innovation Centre’s, CIC, Proof of Concept (PoC) with possible awards of up to US $50,000 in grant funding. The Caribbean CIC is one of eight CICs being established globally. The objective of CCIC is to establish regional institutional capacity that will support Caribbean entrepreneurs, and new ventures involved in ...

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Small enterprises considered key to a sustainable Caribbean economy

On March 26 – 27 2014, the Commonwealth Secretariat co-hosted, in collaboration with the Government of Saint Lucia, the third Global Biennial Conference on Small States. This year’s conference theme was “Building resilience in Small States,” with government officials in attendance from 31 Caribbean, African, Pacific and the Indian Ocean small states. Representatives from academic institutions, regional and international organisations ...

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10 percent VAT now charged on certain tourism services

Starting this week, certain tourism service providers were asked to pay Value Added Tax (VAT) on some services, which were initially exempt from that tax. According to a VAT (Rate of Tax) amendment order issued by the prime minister in March, a 10 percent VAT rate has been imposed on some of these previously exempt services. The services under this ...

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Youth development ministry endorses First Citizens Seminar

Whether you’re a young person who recently graduated, just starting your career or finally moving out on your own, it can be hard to keep track of your personal finances. First Citizens Investment Services is aiming to change that and help young people manage their money, and prepare for the future with a free informative seminar on Tuesday, April 22 ...

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Caribbean Export and Saint Lucia TEPA hosts market intelligence workshop

Caribbean Export Development Agency (CEDA) in collaboration with the Trade Export Promotion Agency (TEPA) will be hosting a training workshop on Market Intelligence scheduled for Friday, April 4, from 9 a.m. – 4 p.m. at the Palm Haven Hotel. The exercise is geared towards assisting private sector firms that are exporting or are export-ready to develop markets briefs for specific ...

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Challenges surround drafting of Consumer Protection Bill

Whilst progress is being made with the finalisation of the Consumer Protection Bill, which has been in the making for over a decade now, challenges have prevented it from being completed and passed in the House of Assembly. That is according to Minister for Legal Affairs Victor Phillip La Corbiniere, who said in an interview with Saint Lucia News Online ...

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A decade of excellence in international banking

Bank of Saint Lucia International Limited (BOSLIL) is celebrating 10 years of growth and service excellence in international banking. BOSLIL, the international banking subsidiary of the ECFH Group, provides globally competitive products and services to international clientele. BOSLIL offers its clients a very conservative banking model designed to meet their international commercial needs while paying significant attention to a high ...

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LIAT Cargo acquires new refrigeration system

LIAT’s cargo hub in Antigua now provides maximum protection for temperature-sensitive cargo, thanks to its acquisition of a state-of-the art container refrigeration system. This expansion in service brings Antigua in line with its hubs at Trinidad, Barbados and stations in St. Maarten, Santo Domingo and Puerto Rico. Virgin Atlantic Cargo and Amerijet are two of LIAT’s interline partners who have ...

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NOTICE: Registry of Companies and Intellectual Property closed

The general public is hereby notified that the Registry of Companies & Intellectual Property will be closed between the hours of 9 a.m. and 11 a.m. on Thursday, April 3, 2014 to facilitate the attendance of staff at a Training Session. The registry apologises for any inconvenience caused as a result of the closure. Please be guided accordingly. (0)(0)

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An estimated 100 investors to attend investment forum

Close to 100 investors; project owners and sponsors; developers; lenders; investment consultants and chief executives, are expected on Saint Lucia from May 4-6 for the inaugural Saint Lucia Investment Forum (SLIF2014). The agenda will feature targeted sessions, networking opportunities, keynote speakers who will focus on relevant topics including investment trends, financing models and real investment opportunities, in smart manufacturing, niche ...

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NWU hosts Trade Union Seminar for tourism stakeholders

The National Workers Union ( NWU) will be holding a one-day Trade Union Seminar for workers employed in the hotel and tourism sector in the north of the island. Thirty five rank and file members of the NWU in the mentioned sector will gather on April 8, 2014 at Smugglers Cove Resort & Spa to participate in the day’s event. ...

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Gov’t plans to decentralise services of Registry of Civil Status

Prime Minister Dr. Kenny Anthony has announced his government’s intention to decentralise the services of the Registry of Civil Status, to allow residents of the south to be able to access these services in a more convenient manner. Presently, the Civil Registry is located in Castries and as such, birth, marriage, death and other such records can only be accessed ...

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House of Assembly to address Civil Status Registry

When the House of Assembly meets on Tuesday, April 1, 2014, members will consider amendments to the Civil Status Act, the Civil Code Act and the Code of Civil Procedure Amendment Act. These legislative changes are necessary to resolve the remaining problems at the Registry of Civil Status and the Adjudicator’s office. Prime Minister Dr. Kenny D. Anthony said the ...

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NWU shop stewards off to Guadeloupe

Regina Pierre and Nathan Charles, Shop Stewards from Sugar Beach Resort and National Insurance Corporation (NIC) – both branches of the National Workers Union (NWU) – will leave Saint Lucia shortly for Guadeloupe. While in Guadeloupe, they will join over 100 trade union officials who will be participating in an industrial forum and attend the 14th Congress of Delegates of ...

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LIAT appoints new Chief Executive Officer

The Board of Directors of LIAT – The Caribbean Airline – today announced the appointment of David Evans as Chief Executive Officer (CEO), effective 22nd April 2014. Evans, a British national, is a results driven executive with more than 35 years of experience in senior roles within the aviation industry. Between 1975 and 1997, Evans served as Airport Manager, Country ...

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COMMENTARY: Economic contractions only under Labour

The United Workers Party (UWP) is duty bound to enlighten the people of Saint Lucia on the facts about the country’s fiscal problems. The Dr. Kenny Anthony Administration seems to have succeeded in hoodwinking the people of this country into believing that somehow the present crisis is the doing of the UWP. The Deputy Prime Minister hit the all-time low ...

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Seychelles Minister of Finance exchanges views with local Cabinet ministers

On Thursday, March 27, 2014, Pierre Laporte, Minister for Finance, Trade and Investment of the Republic of Seychelles, met the Prime Minister and Minister for Finance, Economic Affairs, Planning and Social Security, other members of the Cabinet of Ministers, as well as representatives from the Ministry of Finance and the Office of the Prime Minister, to discuss and share experiences ...

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Greater access to finance for the south: Axcel opens southern office

Small businesses, households and individuals in the South of the island in need of microfinance and Xpress Loans now have a new and customer-friendly service provider to turn to. As of Tuesday, April 1 2014, Axcel Finance will be open for business in the South of the island. The new branch, located at Gablewoods South will serve Micoud, Vieux Fort, ...

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Encounter Series: Rightsizing the Public Service Size and Cost

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. The Encounter Series will take a different format this year. There will be three panelists each making provocative presentations, offering different perspectives on the same issue. The Encounter will include a “Next Steps ...

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Saint Lucia Toronto Association donates $4,500 towards trough relief

The Saint Lucia Toronto Association has come to the aid of the Christmas trough victims in Saint Lucia, by a generous donation of $4,500 to the Disaster Relief Fund. During the celebrations of the 35th Independence Anniversary celebrations in Toronto, the association gave the undertaking that part proceeds from their raffle, Independence Arts Show Case and Independence Anniversary Gala Dinner ...

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PM thanks World Bank for additional disaster relief funds

Prime Minister Dr. Kenny Anthony has welcomed the assistance of the World Bank, which recently announced it will be making more funds available to help St. Lucia with its post Christmas Eve trough recovery. In a press release dated March 21, 2014, the World Bank indicated it will provide an additional US$36 million to Saint Lucia and St. Vincent and ...

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PM wants preferential treatment in approval of funding for small island states

Prime Minister Dr. Kenny Anthony has drawn attention to difficulties encountered by small island states in sourcing financial help from international organisations, and has called for a differentiated approach from the organisations approving request for assistance. Speaking at the opening ceremony of the 2014 Global Biennial Conference on Small States at the Bay Gardens Hotel on Wednesday, Dr. Anthony said ...

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National Workers Union negotiate for NIC employees’ new proposed industrial package

Negotiations between management of National Insurance Corporation (NIC) and the National Workers Union (NWU) have begun. The parties have held two meetings at which memorandum of proposals submitted by the NWU were fully discussed and justified. Given the trend and goodwill exhibited at these sessions, both sides have indicated a willingness to have negotiations concluded within reasonable time. From all ...

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Small island states urged to help build resilience against threats

Saint Lucia and other Small Island Developing States (SIDS) within the Commonwealth will have to attempt to live up to the challenge to in helping build resilience against the many climate change threats which confront them. The country is hosting the third Global Biennial Conference on Small States, where representatives of government, academia and international organisations will have a platform ...

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CIBC FirstCaribbean appoints a country manager for its Southern EC islands’ banking operations

CIBC FirstCaribbean has announced the appointment of Ladesa James-Williams to the position of country manager – Southern Eastern Caribbean Islands (Grenada, St. Lucia and St. Vincent and the Grenadines). Formerly the country manager for the bank in St. Kitts & Nevis, Williams began her career in finance in 2001 with her employment at Barclays Bank PLC as a management trainee, ...

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Staff of Tapion Hospital lands new industrial package

The management of Tapion Hospital and representatives from the National Workers Union have completed protracted industrial negotiations. Health aides, emergency medical technicians and clerical staff will benefit from the new industrial package. Workers will receive a 3.5 percent general wage increase to be implemented from April 2014, a grocery voucher of $120 along with a lump sum payment of $250. ...

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COMMENTARY: How and why we measure productivity

One of the best ways of improving employee performance is through productivity measurement. There are multiple reasons for this. Firstly, measurement provides quantitative and qualitative evidence on whether an employee is meeting the targets set by the company. Also, in relation to an employee’s job and their set tasks, measures have the potential to improve understanding of the concepts of ...

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Smugglers Cove Hotel workers accept five percent wage increase

The management of Smugglers Cove Hotel and the National Workers Union have agreed on an interim wage package that will benefit over 200 workers employed with the hotel. By majority, the hotel workers agreed to accept the five percent general wage increase. Their acceptance of the upward adjustment was based on the fact that the company has struggled and the ...

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Economist provides advice on improving project management

Renowned economist  Cuthbert Didier headlined the second technical session hosted by the Project Management Institute Southern Caribbean Chapter St. Lucia Branch Formation Committee (PMI-SCCSBFC) held on Thursday 13, 2014 at Sandals Halcyon. The event, which dealt with the subject of stakeholder power and influence in St. Lucia, catered to a host of local Project Management Professionals (PMPs). The event comes ...

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Industrial row over outstanding payments for Tolyn Manufacturers staff

An industrial row is brewing between the National Workers Union (NWU) and the management of Tolyn Manufacturers Limited. The company and the NWU are currently at negotiations aimed at concluding another industrial agreement on behalf of workers employed therewith. It has been discovered, that the company is not meeting its obligations relating to some provisions in the first industrial agreement. ...

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Courts and Ashley Furniture bring “unique choices” to the island

People looking to furnish their new home or upgrade their living rooms can explore their purchase options with the advent of a new line of furniture at Courts Castries branch on Chausee Road. The furniture giant launched the Ashley brand of furniture at a cocktail ceremonyon Tuesday March, 18 at its location on Chaussee Road. The partnership between Courts and ...

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Harris Paints awarded top performer for excellence at St. Lucia Manufacturers Association Quality Awards

Harris Paints recently swept the competition aside following a dominant performance where they copped a total of seven prestigious awards, as the St. Lucia Manufacturers Association (SMA) held its biennial awards ceremony at the Sandals Halcyon Hotel. Harris Paints won these coveted awards from a field of 14 manufacturing companies nominated, which included the top prize for the evening – ...

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Business Development Series on again

The St. Lucia Chamber of Commerce Industry and Agriculture in conjunction with the St. Lucia Youth Business Trust is once again offering to micro, small and medium-sized enterprises on the island the “Mind Your Business” Development Series, this time “Microsoft Excel and Microsoft Business Express”. Mind Your Business is a Business Development Series, targeting small and medium-sized enterprise business owners ...

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National Budget in planning

Prime Minister and Minister for Finance, Economic Affairs, Planning and Social Security Dr. Kenny D. Anthony has begun preparations for the 2014/2015 Budget. As was done over the last two years, the prime minister has already started to meet with both public and private sector groups and representatives, to have discussions on the state of the economy and to exchange ...

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Gov’t press secretary responds to barrel VAT refund issue

Press Secretary to the Prime Minister Jadia Jn Pierre-Emmanuel has responded to the United Workers Party’s call for confirmation as to whether a proposed refund of Value Added Tax (VAT) to individuals who imported barrels under the concessionary period has been made. The concessionary period which ran from December 1, 2013 to February 15, 2014, allowed persons to import barrels ...

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SurePay continues to provide more options for customers in 2014

When SurePay launched its revolutionary bill payment service in late 2012, the company stated a mandate to become the one-stop convenient service for its Saint Lucian customers. As the company charges forward in 2014, that mandate continues to prove true. On Monday January 20, 2014, Laborie Cooperative Credit Union Ltd. and Pan American Life joined SurePay bringing the current number ...

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1st National Bank Shareholder Forum to discuss proposed OECS financial sector structure

First National Bank St. Lucia Limited is finalising details towards the staging of its 2014 Shareholder Education Forum, slotted for Saturday, March 8 at the Bay Gardens Hotel, from 9 a.m. The featured speakers are the newly appointed Managing Director of 1st National Bank Andy Delmar, and the Deputy Governor of the Eastern Caribbean Central Bank Trevor Brathwaite. The forum ...

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Courts opens US$8M distribution centre

Furniture and appliance store Unicomer (Courts) opened its spanking new distribution centre at Bois d’Orange on Thursday afternoon. The new facility is more than 35,000 square-feet in size and costs US$8,000,000 to construct, company officials said. Speaking at the opening ceremony, Vice Chairman and Executive Vice President of the Unicomer Group, Guillermo Siman, said when Courts first opened its doors ...

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Mexico gives US$500K for rehabilitation works

Another country, this time Mexico, has extended help and support to Saint Lucia following the Christmas Eve trough. Two weeks after a visit to Saint Lucia by a Mexican delegation led by Foreign Affairs Minister Jose Antonio Meade Kuribena, the government of Mexico has donated US$500, 000 for post trough rehabilitation works. While in Saint Lucia on February 7, 2014, ...

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St. Lucia’s largest credit union offering Livelihood Protection Policy

The St. Lucia Civil Service Cooperative Credit Union – the country’s largest credit union, has officially signed on to the Livelihood Protection Policy (LPP) through EC Global Insurance Company Limited. The formal launch took place at the CSA Centre in Sans Souci with a number of ministry officials, members of the Munich Climate Insurance Initiative and EC Global officials present. ...

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Laborie Credit Union moves to new office

The Laborie Credit Union is now officially housed in a new “monumental building.” On Wednesday, the institution held a formal opening ceremony to mark the occasion. This new office is on the same lot of the credit union’s previous location. Among those in attendance was Parliamentary Representative Alva Baptiste, a past director of the organisation. Dr. Thomas Edward, also a ...

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LIME cops seven ADDY Awards

Saint Lucia and the caribbean’s leading telecommunications firm LIME copped seven awards, including six gold, at the recently-held American Advertising Awards (ADDY Awards) 2014. Topping the list was the company’s LIME Talk EZ ‘Hollywood’ television commercial that won the Judges Choice Top Overall Award for non-traditional advertising, and is starred by LIME Jamaica brand ambassadors Pretty Boy Floyd and comedic ...

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Chile gives US$10K for trough recovery

The Chilean government has made available US$10,000 to St. Lucia in support of its trough recovery efforts. At a short ceremony at the prime minister’s office on Tuesday, Chilean Ambassador  Eduardo Bonilla said that while the amount is not a huge sum, and may not solve all the damage caused by the Christmas Eve trough, he hopes it will make ...

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In excess of $900K in Big 4 payouts since its launch

Big 4, SNL’s newest game on the market has been making headway since its launch on February 2013. The prize payouts for the game have exceeded $900,000. The game was launched with two bet types; ‘Straight’ and ‘Mix’. In September 2013, we introduced another bet type; ‘Backup’ which allowed players to bet on both ‘Straight’ and ‘Mix’ bets. Riding on ...

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United Pac wants clarification on awarded contracts for ALBA-funded bridge

The United Pac wants clarification from Minister of Infrastructure, Port Services and Transport Phillip J. Pierre, Prime Minister and Minister of Finance Dr. Kenny D. Anthony, and Parliamentary Representative for Vieux Fort North Moses Jn. Baptist, on the process of selection of a contractor to build an ALBA financed bridge in Vieux Fort North. • What form of tender was ...

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FCIB opens new Barbados branch amid reports of job cuts

Despite reports of CIBC First Caribbean shedding staff regionally, the bank recently opened a USD$5 million flagship branch near its corporate headquarters at Warrens, St. Michael, Barbados. The bank is the largest regionally-listed bank in the English and Dutch-speaking Caribbean, serving 17 markets with a staff of 3,400 staff across 100 branches and offices. There have been reports as of January ...

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Digicel wins top prize at advertising awards

Digicel was the big winner at this year’s Caribbean Advertising Federation American Advertising Awards, taking home the top prize of the Best of Show Overall Award for its ‘Be Extraordinary’ television ad and the Best of TV Award for the same piece of work. According to the elite judging panel, “the spot was exceptionally well executed, told a great story, ...

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FCIB head retires after 30 years in banking industry

CIBC FirstCaribbean bids farewell to Mauricia Thomas-Francis, who has performed at the helm of the bank’s Corporate Banking Department, as well as served as country head in St. Lucia for the past 10 years. Most recently, Thomas-Francis was appointed acting country manager, Southern Eastern Caribbean Islands (St. Lucia, St. Vincent and Grenada). At the end of February 2014, Thomas-Francis retires ...

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JQ Motors offering ‘one million’ reasons to drive happy

JQ Motors has launched an exciting promotion making it easier to own new vehicles from the Chevrolet, Suzuki and Mitsubishi automotive brands, while offering comprehensive packages that include insurance and a chance to win one million Super J loyalty points. The ‘One Million Reasons to Drive Happy with JQ Motors” promotion was launched at the company’s showroom at Choc on ...

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