Finance/Business

TEPA to co-host “Exporting to Canada” seminar

PRESS RELEASE – The Trade Facilitation Office Canada (TFO Canada) in association with The Saint Lucia Trade Export Promotion Agency (TEPA) will host “Exporting to Canada” Seminar on Tuesday November 18, 2014 at the Bay Gardens Hotel from 8:30 am. A Presentation will be made by TFO Canada, the primary Canadian provider of information, advice and buyer contacts for exporters ...

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SEDU to launch Small Business Development Centre

GIS – The Centre will improve collaboration among micro and small enterprises and increase networking among business support organizations. The Ministry of Commerce, Business Development, Investment and Consumer Affairs will, next week, launch the Saint Lucia leg of the Small Business Development Centre, in collaboration with the Organization of American States (OAS) and the University of Texas at San Antonio ...

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Commerce Minister returns from participating in 32nd Havana International Trade Show

PRESS RELEASE – On invitation from the Government of Cuba the Honorable Minister for Commerce, Business Development, Investment and Consumer Affairs, Emma Hippolyte attended The Feria Internacional de La Habana, 32nd Havana International Fair (FIHAV) held from November 2 to 8, 2014 in Cuba. Ms. Andrena Simon, Promotion & Marketing Officer at Saint Lucia Trade Export Promotion Agency (TEPA) accompanied ...

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CIBC FirstCaribbean mourns the passing of its founding executive chairman

PRESS RELEASE – CIBC FirstCaribbean today mourns the passing of its former Executive Chairman, Michael Mansoor, this morning in his native Trinidad & Tobago. In paying tribute to Mr. Mansoor, Chief Executive Officer, Rik Parkhill, said: “In 2001, Mike led the team that travelled tirelessly throughout the Caribbean presenting the idea of what was to eventually become FirstCaribbean (now CIBC ...

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Bank of Saint Lucia is ECCB Best Corporate Citizen

PRESS RELEASE – Bank of Saint Lucia has been awarded the Best Corporate Citizen Awards for 2014 by the Eastern Caribbean Central Bank (ECCB). The ECCB made the announcement at its headquarters in Saint Kitts at a special awards ceremony on 5 November. Bank of Saint Lucia competed against over a dozen ECCU commercial banks and received the coveted award. In ...

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St. Lucia’s TEPA CEO to attend Caribbean Exporters Colloquium in Barbados

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency (TEPA) has been invited by Caribbean Export Development Agency (CEDA) to attend the second Caribbean Exporter’s Colloquium in Bridgetown, Barbados from November 11 – 12, 2014. Saint Lucia will be represented by TEPA CEO Mrs. Jacqueline Emmanuel-Flood. Mr. Ronald Ramjattan, Chairman of the National Export Council (NEC), CEO of Baron ...

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BOSL 2014 T20 Cricket bowls off

PRESS RELEASE – It will be boundaries and sixes galore when the 2014 BOSL T20 Cricket Competition Kicks off at the Dennery Playing Field on Saturday November 8th from 10:00 a.m. It’s the 3rd consecutive year that Bank of Saint Lucia is partnering with the National Cricket Association in hosting the Tournament.The premier event continues to be a big draw ...

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Scotiabank closing several branches in Caribbean

CMC – Canada’s Scotiabank has announced plans to shut or shrink 120 branches, largely in Mexico and the Caribbean, in a bid to save CAN$120 million (One Canadian dollar =US$0.87 cents) annually. The bank said it would close down 35 of its 200 branches in the Caribbean and would sever 1, 500 full-time employees, including 500 from its international operations. ...

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EC Global backs AIIC Conference

PRESS RELEASE – EC Global Insurance earlier this year marked its 10th Anniversary in the insurance business.The companyhas made a substantial contribution to St. Lucia’s hosting of the 2014 Conference of the Association of Insurance Institutes of the Caribbean (AIIC). The Conference, now in its 17th year, will be hosted under the theme: “Moving with the Times: 25 years of ...

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EC Global supports Valley Football

PRESS RELEASE – Eight (8) Teams from the Dennery Basin will this year compete for the EC Global Mabouya Valley Under-21 Football Competition. The teams vying for bragging rights in this year’s Tournament are Aux Lyons United, Chesters, Monarch, Togetherness Youth, Survivals, Rovers United, R.Y.O. and Young Generation. The Tournament, which kicked off on October 23, continues to draw large ...

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TEPA to offer final ProNet training to SMEs

PRESS RELEASE – The Saint Lucia Trade Export Promotion Agency (TEPA) in collaboration with Caribbean Export Development Agency (CEDA) will be hosting the final module of the PRONET Training Programme for 2014. This module Export Marketing will be held at the Conference Room of the Ministry of Infrastructure, Port Services and Transportation, Union, Castries, during the period November 11th – ...

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FICS opens new branch in Rodney Bay

PRESS RELEASE – Financial Investment and Consultancy Services Limited (FICS) opened its doors to its brand new office in Rodney Bay on Monday, November 3, 2014 to allow easier and more convenient access primarily to customers who reside and work in the north of the island. The service will however be available to all other customers.  The new branch is ...

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Digicel concerned about C&W’s proposed acquisition of Columbus International

PRESS RELEASE – Digicel notes today’s public announcement in relation to the proposed acquisition of Columbus International Inc. (“Columbus”) by Cable and Wireless Communications Plc (“CWC”). Although the full details of the proposed merger have not yet been made public, Digicel is naturally concerned about the clear and obvious challenges and potential issues posed by such a proposed move from ...

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Cable and Wireless to acquire Columbus International Inc

PRESS RELEASE – The combined business will: -Deliver broader pro-consumer product offerings and improved services -Inject state of the art TV and next-generation broadband technology into CWC -Deliver huge opportunities to the Business and Government sectors -Provide rapid lead in fixed mobile convergence through premier network platform Cable and Wireless Communications PLC (CWC) has reached a conditional agreement to acquire ...

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Health officials express appreciation to CIBC FirstCaribbean for its Adopt-A-Cause programme

PRESS RELEASE – During a presentation ceremony held this week, officials from the Ministry of Health and Soufriere Hospital expressed their appreciation for restoration efforts of CIBC FirstCaribbean as part of the bank’s annual Adopt-a-Cause programme. The programme saw the renovation of the paediatricward of the Soufriere Hospital which included the replacement of the roof, broken floor tiles and louvers, ...

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TFO Canada and TEPA host Exporting to Canada seminar

PRESS RELEASE – The Trade Facilitation Office Canada (TFO Canada) in association with The Saint Lucia Trade Export Promotion Agency (TEPA) will host “Exporting to Canada” Seminar on Tuesday November 18, 2014 at the Bay Gardens Hotel from 8:30 am. A Presentation will be made by TFO Canada, the primary Canadian provider of information, advice and buyer contacts for exporters ...

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OECS Border Control agencies advance plans towards free circulation of Goods Regime

PRESS RELEASE – Officials from Ministries of Trade, Customs and other border control agencies of member countries of the OECS and several regional partner organizations met in Saint Lucia recently. This meeting was convened to collectively discuss and develop practical approaches to support the free circulation of goods within the OECS economic union as outlined in the revised Treaty of ...

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CIBC FirstCaribbean supports NCF in their goal of raising $250,000

PRESS RELEASE – CIBC FirstCaribbean has joined a number of corporate entities in support of the National Community Foundation’s (NCF) annual fundraising telethon. The annual fundraising event is in its 11th year of making a difference in communities island-wide through empowerment and social improvements. Country Manager, Ladesa James-Williams noted, “Our commitment to Corporate Social Responsibility is important to the foundation ...

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Government stresses transparency in business negotiations

GIS – Minister for Infrastructure, Port Services and Transport, Hon. Philip Pierre said his ministry prides itself on transparency and accountability. He spoke during a House of Assembly sitting on Tuesday, during which the Parliament was asked to guarantee several loans for road rehabilitation projects. “Several contractors were chosen to tender, to give quotations on jobs, and on BOQS [Bills ...

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The Landings St. Lucia welcomes new managing director

PRESS RELEASE – Experienced hospitality executive Kashmie Ali, who has spent 25 years in corporate leadership, has returned to St. Lucia as the new managing director of The Landings St. Lucia. The Caribbean hospitality professional previously spent nine years in St. Lucia as the Regional Director of Operations with Sandals Resorts and then later as Vice President of Operations with ...

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Credit Union League participates in secret ballot

PRESS RELEASE – Clerical and technical workers employed with the Saint Lucia Cooperative Credit Union League participated in a secret ballot poll undertaken by the department of Labour this week. This development was as a result of a recognition claim submitted on the workers’ behalf by the National Workers Union (NWU). The result of t he poll was positive with ...

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Deadline for business awards submissions extended to Nov. 11, 2014

PRESS RELEASE – The Business Awards Committee wishes to inform the Business Community of St. Lucia that the deadline for submission of Applications for the 2015 St. Lucia Business Awards has been extended. The new deadline for submissions is November 11th 2014. The Chamber takes this opportunity to urge participation of all businesses, and emphasizes that size and sector is ...

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NWU shop steward to attend leading change workshop in USA

PRESS RELEASE – Ms. Shirley Ann Edward, Shop Steward employed with LIAT (1974) Ltd, a branch of the National Workers Union (NWU) will travel to Maryland in the United States of America at month end. While in the United States, Ms. Edward will join about thirty (30) other union officials from the regional and international trade union movement to participate ...

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Treasure Bay Casino cuts work force

The Treasure Bay Casino at the Baywalk Mall in Rodney Bay has made a number of employees redundant, Human Resources Manager Len E. Diptee has confirmed with St. Lucia News Online (SNO). Diptee said the company opened in 2010 with an investment of over EC$30 million, but returns have not been forthcoming. “We were excited to bring world class gaming to ...

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SNL launches “Whole Tun Cash” instant game

The Saint Lucia National Lottery (SNL) has launched a new instant game that will allow its players the chance to win up to $150,000 instant cash. SNL’s Regional Marketing Manager Mary Edward said scratching an instant game with a top prize of $150,000 was not possible when the lottery company launched in 2005. “But now with the demand for more ...

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CIBC Firstcaribbean restores Soufriere Hospital’s pediatric ward

PRESS RELEASE – CIBC FirstCaribbean has adopted the Pediatric Ward of the Soufriere Hospital as part of its 2014 Adopt-a-Cause Programme. The program has over the years contributed towards the work of a number of local community groups that add value to the lives of the elderly and youth on island. The annual Adopt-a-Cause Programme is a community-focused programme spearheaded ...

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ECCB and Bankers Association present Financial Fair on Thursday

PRESS RELEASE – Financial Information Month is in full swing with several activities being conducted by local financial institutions in order to raise the level of financial education in Saint Lucia. Officially launched on October 3rd and held under the theme “Soar to Success” Financial Information Month is aimed at increasing the public’s understanding of financial matters. This will be ...

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First Citizens help students learn “Money Smarts”

PRESS RELEASE – Their hands were up and their eyes twinkled with excitement as they raced to answer questions from First Citizens Investment Services Business Development Officer Christine Charlemagne as she quizzed them about budgeting, saving, income, expenses and more. It was all part of a drive by First Citizens to educate even the youngest among us about financial terms ...

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NWU and G4S negotiations at deadlock

PRESS RELEASE – Negotiations between the Management of G4S Security Services Limited and the National Workers Union (NWU) have reached deadlock. The parties have agreed on almost all the articles relating to fringe benefits. The establishment of a new wage structure relevant to armed guards, security officers and other related staff seems to be the areas of disagreement. The NWU, ...

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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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