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Finance/Business

BOSLIL hosts seminar to bolster St. Lucia’s International banking appeal

PRESS RELEASE – Bank of Saint Lucia International Limited (BOSLIL) a subsidiary of ECFH, continues to take proactive measures to do its part to develop the island’s international banking industry and establish St. Lucia as one of the leading International Financial Service Centers in the Caribbean. BOSLIL recently hosted a Strategic Seminar for local partners and key stakeholders. The event, ...

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Columbus employees “decertify” union

PRESS RELEASE – In an overwhelming demonstration of their confidence in the management of the company, employees at Columbus Communications St. Lucia Limited, operators of the brand Flow and Columbus Business Solutions (CBS), last week voted in favour of decertifying its union. Jesse Edwards, country manager, indicated that “Unions can have a positive and substantial impact on the lives of ...

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CLICO policyholders meet next week

PRESS RELEASE – All CLICO Policy Holders have been invited to a very important meeting to update them on the status of their investments with the Company,  following meetings with Government officials and  developments in other islands similarly affected by the collapse of CLICO. The meeting which has been called by the Steering Committee of  the “CONCERNED CLICO POLICY HOLDERS ...

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They Swiped, they Won, they’re happy!

PRESS RELEASE – The BOSL Swipe & Win Credit Card Promotion came to an exciting climax with the 3 customers winning big and singing the praises of the Bank. Mr. Mc Kenneth St. Catherine was the 1st Place winner. He was justly rewarded with a Grand Prize of a 50-inch Smart TV. In 2nd Place was Mrs. Catherine Charles who ...

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UPDATED: BOSL donates computers to two learning institutions

PRESS RELEASE – Bank of Saint Lucia has made a major contribution to the education of young persons at two learning institutions on the island. The Lady Gordon Opportunity Centre in Ciceron and the Grow Well Centre in Gros Islet were this week recipients of computer donations from BOSL. The donations will help boost the educational programmes at both institutions. ...

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Exotic St. Lucian designer launches in U.S.

PRESS RELEASE – Owen W. Coleman, CEO of The Coleman Alliance, is pleased to announce the formation of Anitanja L.L.C., a New York headquartered company designing and manufacturing wholesale and online retail jewelry. The company features the creative work of its namesake, Anitanja, a St. Lucian designer whose collections are all inspired by the beauty of the majestic island on ...

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LIAT marking 58 years of service to the Caribbean

PRESS RELEASE – LIAT – The Caribbean Airline is today celebrating 58 years of service to the Caribbean. In a message to mark the occasion, Chief Executive Officer David Evans said the airline continues work through many challenges and he thanked customers for their continued support. “Getting to this point has not been easy. We continue to operate in an ...

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Local credit unions celebrate International Credit Union Day

PRESS RELEASE – The St. Lucia Cooperative Credit Union Limited joins the rest of the world in observance of International Credit Union Day. World Credit Union Day is celerbrated annually on the third thursday in October. This year’s observance is held under the theme ‘Local Service. Global Good’. The theme recognises the credit union model by shining light on the ...

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Digicel customer wins $4,000 cash!!

PRESS RELEASE – Digicel St. Lucia for the month of September saw one lucky winner in the ease the squeeze, Text to Win promotion. Christine Raynald won the fantastic prize of $4000 in cash as she text her way to the top. As scores of persons participated in Digicel’s September text to win game, one lucky customer in the person ...

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G4S Security and NWU to finalise negotiations

PRESS RELEASE – The management of G4S Security and the representatives of the National Workers Union will meet at the boardroom of the St. Lucia Employers Federation on Thursday 16th October 2014 at 2:00pm. The parties have reached agreement on most of the fringe benefits submitted in the Union’s memorandum of proposals. Adjustments and a general wage increase will be ...

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BOSL supports Financial Information Month

PRESS RELEASE – Bank of Saint Lucia continues to support and participate in Financial Information Month. Financial Information Month is observed in October of each year by the Eastern Caribbean Central Bank (ECCB) and banks across the Currency Union. Academic institutions, the media, private and public sector institutions, and community-based groups also participate in activities to mark Financial Literacy Month. This ...

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PM Anthony calls for change in attitude towards work

Growth enhancing effects of innovative technology, externalities and the adoption of lower cost production techniques, as factors for economic growth were underscored at the launch of National Competiveness Week. Prime Minister Dr. Kenny Anthony in his address at the opening emphasized that these are all important factors that will help to trigger growth and development for the local economy. However, ...

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IMF predicts economic growth for the Caribbean in 2015

The International Monetary Fund (IMF) has predicted that most of the Caribbean region will experience economic growth in 2015. This was revealed at the IMF’s biannual World Economic Outlook meeting held Tuesday last. Growth in the region is expected to be an average of 1.3 per cent for 2014, the lowest rate since 2009 and 1.2 percentage points below the ...

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Gov’t borrows US$68M to continue post-Tomas infrastructural works

GIS – The Government of Saint Lucia received authorization, Tuesday, to borrow approximately US$68 million from the International Development Association (IDA), for post-Hurricane Tomas recovery efforts. A major component of the project is risk reduction and adaptation measures which will be used to improve various infrastructural projects. Prime Minister and Minister for Finance, Dr. Kenny D. Anthony identified the critical ...

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Investor interest in Saint Lucia heightens at C3 Arab American Summit

PRESS RELEASE – A local delegation headed by the Minister for Commerce, Business Development, Investment and Consumer Affairs, Emma Hippolyte, represented Saint Lucia at the third annual C3 Arab American Summit held in New York on October 6th. The delegation, which also comprised both the Chairman and the CEO of Invest Saint Lucia, as well as the Saint Lucia Tourist ...

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NWU and Alternative Security in dispute

PRESS RELEASE – The National Workers Union (NWU) has requested the intervention of the Acting Labour Commissioner, Mr. Ray Narcisse in an industrial impasse with the Management of Alternative Security Services Ltd. The NWU is the bargaining agent for security guards employed with the company. The union has sought several appointments with the company without success and as a result ...

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Digicel customers to win handsets, Samsung tabs and more in October’s Text to Win!

PRESS RELEASE – Digicel has launched yet another exciting text to win promotion for its valued customers. For the month of October, Digicel is giving customers the opportunity to win two 4G capable handsets, $500 credit, FREE data, two Samsung Tabs and two power seed chargers. Every month, Digicel provides its customers with fun, interactive games that awards them great ...

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CIBC FirstCaribbean’s Walk for the Cure a success

PRESS RELEASE – CIBC FirstCaribbean’s Walk for the Cure, in aid of local cancer support group, Faces of Cancer, was held on Sunday October 5th. The Walk for the Cure is in its third year, with the annual event being held in the 17 territories where CIBC FirstCaribbean operates in the region. Speaking during the welcome remarks, Portia Compton-James, Senior ...

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Implementation of cashless transportation system delayed

Plans to implement a cashless transport system as a solution to the controversies and disputes over bus fares have been pushed back to next year, President of National Council of Public Transportation (NCOPT) Godfrey Ferdinand has told St Lucia News Online (SNO). “We are still in the consultation phase and we are meeting with different associations weekly. But it will ...

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St. Lucia to participate in regional KFC team challenge

PRESS RELEASE – Once again KFC St. Lucia will compete in the regional KFC Team Challenge Competition, in 2013 KFC St. Lucia came out on top among all the other competition in Panama. This year it will be taking place in the Dominican Republic and KFC St. Lucia will compete with other KFC stores from around the Caribbean and Latin ...

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Courts facilitates the export of local furniture to the OECS

PRESS RELEASE – Courts (St. Lucia) is delighted to contribute to the Country’s export trade business and has thus facilitated the export of locally made lounge suites to other Courts companies throughout the OECS. This huge announcement was made at a press conference held at the SLASPA conference room on Tuesday September 23rd by the company’s OECS Commercial Director for Furniture ...

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TEPA to host second module of ProNet training for SMEs

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency (TEPA) in collaboration with Caribbean Export Development Agency (CEDA) will be hosting the second of three (3) modules of the ProNet Training during October 14 – 16, 2014. This module Cost and Financial Management workshop will be held at the Conference Room of the Ministry of Infrastructure, Port Services and ...

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Lucky 3 payout $201,805 to lucky winners

PRESS RELEASE – Lucky 3 had an outstanding payout of $201,805 after last night’s draw. For all those who had been anticipating the numbers 9-1-1 being called since Tuesday September 11th, last night proved to be a success as the numbers 1-1-9 were called. The majority won on ‘Backup Mix’ with a total payout value of $84,240, followed by ‘Backup In-Line’ ...

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Niley Alexander – $20,400 BIG 4 winner!

PRESS RELEASE – On Monday 29th September Ms. Niley Alexander walked away with a $20,400 cheque after being a BIG 4 winner on Saturday 27th September. Ms. Alexander admitted that she’s new to the game and was ecstatic about her big win. Congratulations from us all at SNL. Keep in mind the Power Play jackpot for this evenings draw is ...

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NWU and Winera agree on terms for middle management staff

PRESS RELEASE – Clerical, Sales, Technical and middle Management staff employed with Windward Islands Packaging Company (WINERA) will benefit from an industrial agreement concluded between the Company and the National Workers Union (NWU). This agreement is the first on behalf of middle management staff employed by the Company and is of a three (3) year duration. Workers will receive an ...

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COMMENTARY: Change the perspective and remodel Saint Lucia

The downward spiral in the Saint Lucian economy is seriously hurting the bottom line of many businesses. Now, that’s not just my point of view! Simply walk around the city of Castries, the towns and villages and communicate with citizens. Take a drive up and down the roadways and experience for yourself. The circumstances that surround Cotton Bay Resort electricity disconnect ...

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Digicel introduces the latest DL 750 handset

PRESS RELEASE – Digicel today announced the new DL750 – the next generation in its line of affordable smartphones which will offer customers the best value as it comes loaded with cool new features that will sure to suit their varying tastes and lifestyles. Following on from the success of the DL600 and DL700 models, the DL750 offers customers an ...

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EU agrees to allocate EC$45M for St. Lucia and St. Vincent for 2013 storm flooding

PRESS RELEASE – The European Union has agreed to allocate approximately EC$45.5 million (12.675 million euro) in grants for St Vincent and the Grenadines and St Lucia after the two Caribbean countries were affected by a devastating weather system in December 2013. St. Vincent and the Grenadines which suffered the heaviest damage is earmarked to receive EC$23.5 million (6.5 million ...

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LIME committed to supporting St. Lucia’s economic recovery

PRESS RELEASE – LIME is committed to supporting St. Lucia’s economic recovery by breaking down the barriers to communication to ensure that there is widespread access to much-needed telecommunications services and affordability across the island. LIME CEO, Southern Cluster, Geraldine Pitt gave this assurance while addressing members of the St. Lucia Chamber of Commerce at a business forum held on ...

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EC Global celebrates 10 years in insurance

PRESS RELEASE – The EC Global Insurance Company Ltd has marked a milestone, celebrating its 10th anniversary in the insurance business. EC Global was founded in 2004 by the East Caribbean Financial Holding Company (ECFH) and Grace Kennedy – through its subsidiary – Jamaica International Insurance Company. Over the years, the company has garnered a solid reputation marked by innovative ...

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Sandals Style goes digital

PRESS RELEASE – The now popular “Sandals Style” luxury magazine is going digital in its fourth year. However, the glitzy publication will still be available in hard copy to the thousands of Sandals guests who visit any of its Caribbean locations. Plans for the latest edition of the publication emerged as Sandals Resorts International and Toute Bagai Publications (TBP) inked ...

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Prime minister applauds credit unions for sustainable energy financing

PRESS RELEASE – Prime Minister, Hon. Dr. Kenny D. Anthony was the feature speaker at the opening session of the Caribbean Development Educators (CaribDE) Conference, currently underway at Coubaril, Saint Lucia. The conference which targets Credit Union directors, committee members, managers and employees is the fourteenth of its kind and has a total of forty eight participants from ten countries, ...

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Making St. Lucia kids book smart

PRESS RELEASE – As kids in St. Lucia returned to school, they have one more reason to be excited about the new school year which commenced two weeks ago. Quite apart from their new bags, shoes and uniforms, students from various schools across the island are now sporting some eye-catching new covers on their school books. Axcel Finance, the leading ...

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Digicel customers saved by 4G data

PRESS RELEASE – Since Digicel’s launch of its island wide 4G service, customers have experienced firsthand the future in high speed data access leveraging the most advanced 4G technology, Digicel St Lucia has delivered superfast access to data services for customers to stream High Definition (HD) videos, enjoy multiple chat forums, instantly upload photos, fast downloads all on the latest ...

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Digicel acquires SportsMax

PRESS RELEASE – Digicel on Thursday announced that it has acquired majority ownership and control of St. Lucia-based International Media Content Ltd., parent company of regional sports broadcaster, SportsMax, and North American broadcaster CEEN-TV, for an undisclosed sum. Under the terms of the deal, the founder and a number of the lead principals will continue to have an ownership stake ...

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CONFIRMED: GraceKennedy acquires majority shares in St. Lucian company

KINGSTON, Jamaica, CMC – The GraceKennedy Group is now the majority shareholder in St. Lucian company, EC Global Insurance Company Limited (EC Global), with the acquisition of an additional 50 per cent share which brings its shareholdings to 80 per cent. GraceKennedy Financial Group Limited (GKFG) acquired the first 30 percent shareholding in 2004. “In pursuing our vision of becoming ...

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Mannee’s Bakery announces winners of special promotion

Mannee’s Bakery Limited is pleased to announce the names of its first five winners of their “Back to School’’ weekly promotion draws. The names are as follows: • Week one – Eric Daniel • Week two – Denver Alcee • Week three – Joseph St. Juste • Week four – Charitina Alexander • Week five – Candida Joseph. This promotion ...

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NOTICE: Interested in opening a small business?

Do you know young people (17 – 25 years old) in your community who may have an interest in opening a small business and have no idea where to begin? Also young persons who have small businesses, but need formal training? If so, please advise them to contact Mrs. Claudia Noel Jn Baptiste at the Ministry of Youth Development and ...

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Bay Gardens Resorts launches live chat service on its website

PRESS RELEASE – In the first week of September 2014, Bay Gardens Resorts launched an all new ‘live chat’ feature on its website: www.baygardensresorts.com. This feature allows users of the company’s website a direct interface with customer service agents for real-time, instantaneous communication. Users are able to ask questions, get assistance, receive suggestions and more. The system also incorporates voice ...

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St. Lucia Trade Export Promotion Agency to offer ProNet training to SMEs

The Saint Lucia Trade Export Promotion Agency (TEPA) in collaboration with Caribbean Export Development Agency (CEDA) will be hosting three (3) modules of the ProNet Training for Small and Medium Sized businesses (SMEs) as well as other interested persons in Saint Lucia, commencing September 2014. ProNET is a structured training programme to build capacity in exporters and enterprises. It is ...

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Two industrial agreements signed with NWU

PRESS RELEASE – The National Workers Union (NWU) signed two (2) industrial agreements with the Management of the Saint Lucia National Housing Corporation (NHC) and the Water & Sewerage Company (WASCO). Both industrial agreements are for a period of three (3) years. In the case of the  Saint Lucia National Housing Corporation, provisions of the agreement will be extended while ...

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1st National Bank launches mobile banking app

PRESS RELEASE – With the release of its MoBanking App for the Android and iOS platforms earlier this month, 1st National Bank has reiterated its commitment to serve the interest of its clientele within and beyond St. Lucia, which it has served for 76 years. The Bank’s mobile app provides unique features aimed at offering unprecedented convenience to its growing ...

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First meeting of TEPA’s National Export Council

PRESS RELEASE – The National Export Council (NEC) of the Trade Export Promotion Agency (TEPA) held its inaugural meeting on Tuesday September 9, 2014 at the Hewanorra House, Pointe Seraphine. The NEC consists of a cross-section of private and public sector stakeholders and is chaired by Mr. Ronald Ramjattan, President of the Saint Lucia Manufacturers Association (SMA). This is a ...

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Digicel provides teachers with school supplies

PRESS RELEASE – Digicel for the new academic year continued to deliver value and assistance to various schools in communities island-wide with the “Back-To-School Outreach Programme”. Donations consisting of: general school supplies and teaching tools, reading material, and productivity tools were donated to teachers to assist them in facilitating a more effective and comfortable learning environment for their students. Last ...

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Security companies in the south praised for paying workers well

PRESS RELEASE – The National Workers Union (NWU) has extended its appreciation to three security companies in the southern part of the island for the reasonable level of wages being paid to their employees through negotiated industrial agreements with the National Workers Union. ICON Security, General Security Services Ltd and Sentinel Security are good industrial relations examples. The NWU is ...

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Recognition claim submitted to Labour Department

PRESS RELEASE – Security Guards employed with Security Services Ltd will now be in a position to be represented by a trade union. This development is as a result of a recognition representational claim made on behalf of the guards by the National Workers Union (NWU). The company carried out is own investigations to determine the legitimacy of the NWU’s ...

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1st National Bank Land Expo back by popular demand

PRESS RELEASE – Due to the inclement weather over the weekend and by popular demand the 1st National Bank Land Expo will be held at the Derek Walcott Square on Tuesday and Wednesday September 9th and 10th, respectively from 2:00p.m through to 6:00p.m. Land developers and Realtors will be on hand to showcase their many properties.  Special rates on land ...

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Axcel looking after the ‘state of health’ of our youth

PRESS RELEASE – Going beyond the traditional community outreach areas of education and social support, Axcel Finance this week launched an innovative programme targeting health and wellness among the nation’s children. The programme dubbed State of Health is designed to educate and develop increased awareness of healthy lifestyle practices among children and adolescents in the 10 – 19 age-groups. The ...

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From piggy bank to commercial bank

Although children may not have the same levels of income as their parents, it’s never too early to begin educating them about how they can invest their funds so they can learn how to save for essential and fun purchases while building up a fund of money for a bigger target in the future. Banks, credit unions and other institutions ...

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M&C Group of Companies observes 150th anniversary

PRESS RELEASE – M&C Group of Companies began operations on the 5th September, 1864 and has established itself as a vital and enduring presence in the economic and social life of Saint Lucia. Historically, the company distinguished itself as an enterprise with a pioneering spirit and great foresight, a legacy that persists today, even in times of adversity. The M&C ...

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St. Kitts and Nevis’ minimum wage highest in the OECS

CUOPM – As a final report with recommendations from a 27-person National Advisory Committee on Minimum Wage is being prepared to be sent to Minister of Labour, the Hon. Patrice Nisbett, St. Kitts and Nevis leads the OECS with the highest minimum wage. St. Kitts and Nevis’ Minimum Wage is presently$8.00 per hour or EC$320 per week, while other OECS ...

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Du Boulay’s Bottling Company rubbishes Jamaican newspaper report

The Du Boulay family has refuted reports that seem to suggest that they sold the local Coke-bottling company for US$750,000. The family said the article published under the caption: “CPJ pays US$750,000 for Coke bottling plant in St. Lucia”, is a misrepresentation of the facts and has caused major embarrassment for all parties involved. “We were, to say the least, ...

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Digicel rewards 10 customers with $500 cash!

PRESS RELEASE – Digicel this summer season, gave back to ten valued customers with Free Cash Giveaways. With a total of $5000 given away, every weekday for the past two weeks one customer from community’s islandwide walked away with $500 each. As summer came to a close and school begins, unsuspecting Digicel customers received wonderful cash prizes after topping up ...

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Productivity Awareness Week set for October launch

PRESS RELEASE – The Government of Saint Lucia in collaboration with the National Competitiveness and Productivity Council is organizing a “Productivity Awareness Week” during the period 13 – 18 October 2014. This initiative forms part of the Government’s overall thrust to promote the awareness of productivity and to also showcase initiatives that are being undertaken by both the private and ...

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CIBC FirstCaribbean establishes mortgage and loan centre

PRESS RELEASE – In keeping with its objectives of focusing on increasing value to its clients, understanding their needs and cultivating deeper relationships, CIBC FirstCaribbean has established its Mortgage and Loan Centre located in its Rodney Bay Branch in the Mardini Building. The Mortgage and Loan Centre the bank’s new lending model is based on a more hands-on approach to ...

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St. Lucia Business Awards Workshop

PRESS RELEASE – The annual Business Awards Orientation Workshop will be held on Wednesday 17th September 2014 at the Bay Gardens Hotel, Lantana Conference Room. The workshop is designed to give firms interested in participating in the St. Lucia Business Awards a better understanding of the Nomination process. For the fourth year, the workshop will be facilitated by Judges from ...

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St. Lucia National Lottery announces new agents

PRESS RELEASE – SNL would like to welcome and draw awareness to some of our newest agents: S & R Minimart- Fond Assau Merlyn’s Bar- La Ressource, Vieux Fort Kamaria’s Bar- Roseau Agnes Rum Out Bar- Pigeon Island Causeway Glace Motors- Marisule Body Image- Vide Bouteille Key Corner- Corner of Maryann street and Chaussee Road We’re proud to say that ...

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BOSL and SEDU address money management in small businesses

PRESS RELEASE – Bank of Saint Lucia and the Small Enterprise Development Unit (SEDU) of the Ministry of Commerce Business Development, Investment and Consumer Affairs this week partnered for the hosting of the first in a series of free Basic Financial Management Workshops for small businesses on the island. The first workshop took place on Tuesday August 26th 2014 at the ICT ...

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Get hooked up with a back-to-school laptop from LIME!

PRESS RELEASE – LIME’s ‘Hook Me Up’ promotion is back, right on time for the back-to-school season! From September 1, LIME mobile customers can get a chance to win a Lenovo Thinkpad Edge laptop. To qualify they simply have to text the word CLASS to 2929 and answer some simple general knowledge questions. For students heading back to the classrooms, ...

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LIME customers win with Wacky Wednesday!

PRESS RELEASE – Four LIME customers came away as lucky winners of brand new mobile phones recently. Saint Lucia and the Caribbean’s leading telecommunications service provider gave the phones away as part of its latest Wacky Wednesday promotion. To enter for a chance to win, prepaid mobile customers had just to TopUp $15 or more between 12 midday and 2pm ...

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SLBS, CARICOM to implement quality standards for regional products

GIS – The Saint Lucia Bureau of Standards in collaboration with the CARICOM Regional Organization for Standards and Quality (CROSQ) hosted a national consultation yesterday. The draft regional policy, Quality Infrastructure and Conformity Assessment, is expected to focus on strengthening competitiveness and sustainability of goods and services produced within the member states of the region. Minister for Commerce, Business Development, ...

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Saint Lucia, New Zealand sign Geothermal Support Partnership Agreement

GIS – Hon. Dr. James Fletcher, Minister for Sustainable Development, Energy, Science and Technology, signed a Geothermal Support Partnership Framework Agreement on behalf of the Government of Saint Lucia with Hon. Murray McCully, the Minister of Foreign Affairs of the Government of New Zealand. The Partnership Agreement is designed to provide key technical assistance to support geothermal exploration, and help ...

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Mokai Cult Cider Team pays courtesy visit on Wave FM

PRESS RELEASE – The Mokai Cider Brand Management team recently paid a courtesy call on the Wave radio station to shore up the new “Heavenly Cider Campaign Credentials” which kicked off recently on WAVE FM. The team, headed by Messer’s Shelley Black and Derek Louis-Fernand, both from Peter & Company Limited, the official importers of the Mokai Cider range of beverages ...

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10 designers set to participate in first ever “Courts Fashionista Competition”

PRESS RELEASE – LIGHTS! CAMERA! ACTION! It’s time to rip the runway… but it isn’t Spain, Paris or New York’s Fashion Week, it’s the “Courts St.Lucia Furniture Fashionista Competition”! This one-of-a-kind competition call for the best of the best in the fashion industry in St.Lucia, to create designs from a furniture product in the company’s brochure that inspired them. This ...

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