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Finance/Business

Sandals Resorts International completes $12-million upgrade

(SNO) — Sandals Resorts International is reporting the completion of a $12-million upgrade at its Halcyon Hotel here in Saint Lucia. The hotel will see upgrades of 76 club rooms as well as the installation of a 540-feet swimming pool. Mark Harding, senior project manager at Sandals, boasted that its pool is the longest in the region. “We think it ...

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CSA concludes wage negotiations with WASCO

(SNO) — The St. Lucia Civil Service Association (CSA) has announced that it has successfully concluded negotiations negotiations with the Water & Sewerage Company Inc. (WASCO) for two trienniums covering the period January 1st 2013 to December 31st, 2018. The Collective Bargaining Agreement was signed by both parties on Friday November 16th, 2018 in the presence of the Labour Commissioner. ...

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Sandals continues unprecedented Barbados expansion

(PRESS RELEASE) — In just four years Sandals Resorts International (SRI) has already positioned itself as the largest operating resort in Barbados, as the company launched another 50 of the most over-the-top luxury suites this past week, bringing the total number of rooms and suites at present to 552. This represents the third major expansion and development project undertaken in ...

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LPG cylinder prices go up in Saint Lucia

(SNO) — The prices of LPG cylinders will be going up in Saint Lucia effective Monday, November 19, 2018. A statement from the Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs, the price changes were done to keep with with changes in international oil prices and government’s application of the modified market pass-through petroleum pricing mechanism. However, ...

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NWU says workers in Saint Lucia are hurting

(SNO) — The National Workers Union (NWU) has said its members are hurting and is making it clear to the government that it wants a lump sum payout for more than 1,000 daily-paid workers employed in the public service. And the union wants that money by Christmas. Tyrone Maynard of the NWU said at a press conference that if its ...

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NURC to conduct training on Utility Regulation

(PRESS RELEASE) — The National Utilities Regulatory Commission (NURC) will be conducting a two-day customized training on Utility Regulation at the Bay Gardens Hotel, from November 15-16, 2018. This training is being conducted with the support of the Eastern Caribbean Energy Regulatory Agency (ECERA) project, which is funded by the World Bank. The training will be facilitated by the Public ...

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Facebook users report outages

(SNO) — If you are trying to log into your Facebook account and cannot do so, you are not alone. Several users of the social network giant have taken to Twitter to announce that they cannot log in. For those experiencing the outage, opening a page on the social media site revealed an error message reading, “Sorry, something went wrong. ...

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Dominican manufacturers look to collaborate with Saint Lucian counterparts

(SNO) — As Dominica’s manufacturing sector continues to recover from the devastating effects of Hurricane Maria, furniture makers are hoping to learn from their counterpart in Saint Lucia. Last week, four wooden furniture manufacturers and one mattress manufacturer visited Dominica on a trip organised by the Saint Lucia Trade Export Promotion Agency (TEPA). President of the Dominica Manufacturing Association (DMA), Severin ...

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Jamaican bank group NCB tops region with $28 billion record profit

(JAMAICA GLEANER) — NCB Financial Group has been solidly ensconced at the top of Jamaica’s commercial banking market for several years, but having just hit another profit milestone and with nearly $980 billion in assets, its managers believe they are well placed to dominate the region. In fact, NCB already claims the title as the largest, most profitable group in ...

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Saint Lucia to host trade show with Taiwan

(CMC) – St. Lucia will host the 11th annual St. Lucia-Taiwan Partnership Trade Show later this month with the organisers hoping that the three-day event will allow for stakeholders from both countries hoping to develop strategic trading and networking alliances. The organisers said that the November 23-25 event will highlight a wide range of quality goods and services from the two ...

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The Landings responds to claims by Sandals

(PRESS RELEASE) — Recently, much has been published and discussed in the media regarding the cessation of construction work on the Sandals La Source Project at Pigeon Island, Gros Islet, due to legal proceedings instituted by The Landings Resort. For those who are unaware, the Causeway linking Pigeon Island to the mainland was created in the 1970’s by dredging the ...

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Assessment report recommends CCC refrain from unplanned projects

(SNO) — It has been recommended that the Castries Constituency Council (CCC) refrain from engaging in unplanned capital projects without first considering its financial state. This is one of several recommendations emanating from a report on the assessment of the operations of the CCC conducted four months ago. That assessment, conducted by consultant Claudia Francis, resulted in a thawing of relations ...

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Saint Lucia Gov’t pumps $20M into SLDB for housing and local business development

(PRESS RELEASE) — The Government of Saint Lucia has delivered on its promise to support the local housing sector and the development of local business by guaranteeing the injection of EC$20Million into the Saint Lucia Development Bank (SLDB). As the Resolution was brought before the House on October 30th, Prime Minister and Minister for Finance, Economic Growth, Job Creation and ...

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Five Saint Lucians capture coveted spots in Sandals Management Trainee Programme

(PRESS RELEASE) — Committed to investing in the development of young people across the Caribbean and continuing to strengthen its succession planning strategy, Sandals Resorts International (SRI) has since 2012, recruited over 100 trainee managers to participate in its Management Trainee Programme (MTP). Most recently, 27 new trainees were selected from among 138 applicants across the region to join the ...

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NHC explores ways to provide low-cost housing: Mangal

(SNO) — Chairman of the National Housing Corporation (NHC) Timothy Mangal has said the organization is exploring ways to provide low-cost housing for Saint Lucians. He said this is being done in collaboration with private investors. “It is very difficult in this country, unless you’ve been subsidized to what we deemed to be low cost housing because of the cost ...

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Saint Lucian manufacturers meet stakeholders in Dominica

(SNO) — Manufacturers from Saint Lucia are to meet with stakeholders in Dominica today (Nov. 8) to see how they can collaborate and work together as the island continues to recover from the ravages of Hurricane Maria. Presently, four wooden furniture manufacturers and one mattress manufacturer are in Dominica on a trip organised by the Saint Lucia Trade Export Promotion ...

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NWU continues to press for Christmas bonus: “Government must put some money on the road”

(PRESS RELEASE) — Government Negotiating Team (GNT) has replied to the National Workers Union’s (NWU) letter to the GNT dated October 15, 2018. The NWU’s letter to the GNT pointed out that Non-established, Daily Paid Watchmen and Constituency Council workers had their wages frozen for three (3) years. This measure brought untold hardship and left economic scars that are quite ...

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Tyrone Maynard re-elected NWU president general

(PRESS RELEASE) — Veteran Industrial Relations Consultant Comrade Tyrone George Maynard was asked to remain in the position of President General of the National Workers Union for another one (1) year term. The NWU last Sunday held its 2018 Annual Congress of Delegates at the Conference Room of the Royal St. Lucian Resort & Spa. Delegates were honoured with the ...

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Hosting of fourth MSME Finance and Equity Symposium

(PRESS RELEASE) — As part of activities in observance of Business Month 2018 under the theme, “Promoting an Entrepreneurial Culture – Innovation and Creativity,” the Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs will be hosting a MSME FINANCE SYMPOSIUM. The objective of this symposium is to enlighten business owners and aspiring entrepreneurs on the various financial ...

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Saint Lucia Chamber hosts encounter with Prime Minister Chastanet

(PRESS RELEASE) — Continuing with its program of facilitating the Chamber’s engagement with Key Government Officials at various levels on issues of importance to its members, the St. Lucia Chamber of Commerce, Industry and Agriculture has organized another event in its Series of Encounters. This time members will have the opportunity to have a one on one engagement with the Honourable ...

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Saint Lucia’s Crystal Clear water wins Grand Gold Quality Award

(PRESS RELEASE) — Windward & Leeward Brewery Limited’s (WLBL) & Du Boulay’s Bottling Company Limited’s (DBC) premium Crystal Clear water was recently awarded with the Grand Gold Quality Award by the International Institute for Quality Selections, Monde Selection. The institute officially recognized WLBL & DBC during its 57th Annual Awards Ceremony held in Valencia, Spain this year. Crystal Clear Premium ...

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Saint Lucian chocolate lauded at prestigious Academy of Chocolate global conference in London

(PRESS RELEASE) — High Commissioner for Saint Lucia His Excellency Guy Mayers joined Hotel Chocolat CEO Angus Thirlwell to tell the story of the first decade of their cocoa renaissance and to set out plans for the second decade. Mr Thirlwell explained the gradual build-up of support for the unique taste of their Saint Lucia chocolate grades, helped by winning ...

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Sandals suspends construction work on fourth hotel in St. Lucia

(CMC) – The Jamaica-based Sandals Resorts International (SRI) says it has suspended work on its fourth hotel in St. Lucia after having already invested in excess of six million US dollars in design and site preparation. In a brief statement, the hotel chain said that it had decided to take the action pending the outcome of outstanding legal matters filed ...

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LUCELEC unfair to the people, CSA boss says

(SNO) — General Secretary of the CSA, Claude Paul, believes that light and power company St. Lucia Electricity Services Limited (LUCELEC) is unfair to the people in a long-running contention between the union and the company. The two organizations have been at odds over a matter relating to retirement age at the company, and the power company has challenged a ...

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Saint Lucian furniture manufacturers to visit Dominica

(SNO) — Four Saint Lucian manufacturers and one mattress manufacturer will visit Dominica as the island continues to stabilize in the wake of Hurricane Maria last year. The trip by the manufacturers was organised by Saint Lucia Trade Export Promotion Agency (TEPA) in its mandate to to increase exports of goods and services to external markets with a specific focus ...

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Caribbean Airlines announces profit

PORT OF SPAIN – Caribbean Airlines reported a summary of its unaudited financial results, for the nine months ended September 30, which show the airline has moved into an operating profit and is net income positive for the year-to-date. The unaudited accounts for the nine months to September 30, show Earnings Before Interest and Taxes (EBIT) of positive TT$96 million ...

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Small businesses in Saint Lucia gain access to free business continuity tools and consulting services

(PRESS RELEASE) — There are over 7,000 small businesses in Saint Lucia, and many of them shutdown every year due to fires, flood, and other causes. According to professional studies, most of these never re-open their doors. So what can small business do to protect itself from such disasters? The Institute for Business Continuity Training (www.IBCT.com) has just launched an online ...

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PM Gonsalves addresses NWU Congress of Delegates

(PRESS RELEASE) – The National Workers Union (NWU) will be holding its 2018 Annual Congress of Delegates on Sunday November 4, 2018 at the Conference Room of the Royal St. Lucia Resort and Spa and Reduit Beach, Gros Islet. Over one hundred and ten (110) delegates from the union’s eighty six (86) branches throughout the island will attend the day’s ...

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Impact Justice continues to increase regional pool of restorative practices training

(PRESS RELEASE) – The Canadian Government funded Improved Access to Justice in the Caribbean (IMPACT Justice) Project, recently trained 30 educators including Mr. Darryl Lloyd, Chief Education Officer, Principals, Deputy Principals, Education Officers and Guidance Counsellors in Restorative Practices at a 2-day workshop held at the St. Kitts Marriott Resort from October 29th to 30th, 2018. This workshop was the ...

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All interested St. Lucians and others are invited to RSVP for the Startup Huddle St. Lucia events during (GEW)

(PRESS RELEASE) – SLUDTERA would like to announce that all interested St. Lucians and others are invited to RSVP for the Startup Huddle St. Lucia events during (GEW). Interested persons are asked to RSVP right away as space/seats are limited. Only individuals who complete the RSVP form and confirm their attendance will be permitted to enter the launch venue. And ...

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Saint Lucia commemorates inaugural JetBlue Mint Service

(PRESS RELEASE) – Prime Minister, Honourable Allen Chastanet and acting Chief Executive Officer of the Saint Lucia Tourism Authority, Mrs. Tiffany Howard are among officials set to welcome the inaugural JetBlue Mint service on Saturday November 3, 2018. The flight originating out of Boston Logan International Airport (BOS) is expected to land at the Hewanorra International Airport (UVF) at 12:39 ...

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CIBC FirstCaribbean has a new CEO on board from today

(PRESS RELEASE) – CIBC FirstCaribbean has a new CEO from today. Colette Delaney, the first female to occupy the CEO’s chair at the bank, spent her first day on the job visiting two important groups of the bank’s stakeholders – clients and employees. Ms. Delaney visited two of the bank’s branches in Barbados, where she is based – Broad Street ...

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Startup Huddle St. Lucia launch

(PRESS RELEASE) – SLUDTERA would like to inform all interested persons in St. Lucia who would like to attend the Startup Huddle St. Lucia launch that they can do so by completing the RSVP form. Admission to the event is free, and seating is limited, so persons must complete the form as soon as possible in order to get their ...

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ECLAC predicts Caribbean’s foreign trade will grow in 2018

(CMC) – The Economic Commission for Latin America and the Caribbean (ECLAC) predicts that regional trade will grow in 2018 amid global tensions that require greater regional integration. According to ECLAC, the value of regional goods exports will rise 9.7 per cent in 2018, registering a second straight year of growth after the notable decline seen between 2012 and 2016. ...

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Say hello to St. Lucia’s only island-wide LTE network

(PRESS RELEASE) – Digicel customers can now enjoy blazing-fast mobile speeds on St. Lucia’s only island-wide superfast Long-Term Evolution (LTE) network. The move is part of Digicel’s promise to take things to the next level with an ongoing global network expansion. LTE is the very latest in commercially available mobile data technology, packing speeds up to ten times faster than ...

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BELFUND launches new website to cater to “digital customers”

(PRESS RELEASE) – The James Belgrave Micro Enterprise Fund ( BELFUND) has unveiled a redesigned website to provide an improved customer experience to clients and potential clients looking for finance for their small and micro-businesses. The website redesign is one aspect of a series of activities aimed at modernizing the operations of BELFUND to cater to the evolving needs of ...

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Flow doubles down on mobile data!

(PRESS RELEASE) – Customers on Saint Lucia’s first, fastest, and most reliable 4G LTE mobile data network are in for a pe-Christmas treat, as Flow is giving prepaid users double the value of whatever package they subscribe to. Starting on Friday (November 2nd, 2018) any customer who signs up for a Flow prepaid Combo plan will get twice the data ...

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National Symposium on social transformation via strategic youth empowerment

(PRESS RELEASE) – The Ministry of Equity, Social Justice, Empowerment, Youth Development, Sports, Culture and Local Government in collaboration with MFH Ministries International will be hosting a National Symposium under the theme “Hope for the Nation – Creating a Unified Platform for Salvaging Our Youth.” slated for November 21st – 23rd, 2018 at the Entrepot Human Resource Development Centre from ...

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Regional bankers urged to embrace technology

(CMC) – Bahamas Finance Minister K. Peter Turnquest has told Caribbean bankers that digitisation is not just the new normal in banking, but a new normal in life and part of the global shift towards openness, transparency, access and engagement. “Technology is the engine fuelling these shifts. It is the vehicle being used to drive more productivity, efficiency and added ...

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Scotiabank regional industrial relations specialists to meet NWU

(PRESS RELEASE) – Regional Industrial Relations Specialists from the Bank of Nova Scotia have agreed to fly in to Saint Lucia to meet with officials from the National Workers Union (NWU) in mid November 2018. The National Workers Union (NWU) has agreed to the suggested arrangements proposed by the Bank. However the union hopes that the said officials will come ...

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Trinidad Government defends decision to ask Sandals to manage proposed hotel in Tobago

(CMC) – The Trinidad and Tobago government Thursday said while it had sought to develop an arrangement with the Sandals Resorts Intonation (SRI) to manage a proposed hotel property in Tobago, no agreement had yet been reached with the Jamaica-based hotel chain. Prime Minister Dr. Keith Rowley brushed aside calls from the main opposition United National Congress (UNC) and other ...

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Global energy leaders converge in Miami for CAREC Renewable Energy and Smart Grid Conference

(PRESS RELEASE) – Over two hundred and thirty delegates from around the world met at the Hilton, Downtown Miami, from 23rd to 27th September, for the CAREC Renewable Energy and Smart Grid Conference, the theme of which was “Energy Resilience and Independence”. CARILEC hosted the Conference in partnership with the Caribbean Community Secretariat (CARICOM), Rocky Mountain Institute (RMI), the Clinton ...

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A renewed focus on St Lucia’s built heritage needed

(PRESS RELEASE) – The Saint Lucia National Trust (SLNT) is saddened by the destruction of the colonial-era historic ‘Glasgow’ townhouse and other nearby properties, which were burnt by fire during the early morning of Tuesday 30th October, 2018. The Glasgow House was located at the north-eastern corner of the junctions of Mary-Ann and Broglie Streets, in Castries. It was one ...

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Launch of the 4th Annual Saint Lucia Business Month

(PRESS RELEASE) – Once again the Department of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs is pleased to be hosting “Saint Lucia Business Month,” from November 1st – 30th. This year’s theme “Sustainable Enterprises – People, Planet and Profit,” aims to sensitize the business community on the value and importance of practicing economic, social and environmental sustainability, as ...

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ECCO appoints new Chief Executive Officer

(PRESS RELEASE) – Months after electing a new board and making several critical administrative and operational changes the Eastern Caribbean Collective Organization for Music Rights (ECCO) Inc. has appointed a new Chief Executive Officer in the person of Mr. Davis Joseph. Mr Joseph holds an MBA in business, is an I.T. Consultant, a Microsoft Excel 2016 Expert and a former ...

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Concession on barrels imported at Christmas

(PRESS RELEASE) – The Government of Saint Lucia has once again approved concessions with regard to the importation of barrels at Christmas. Concessions are from the period November 15, 2018 to January 31, 2019. The concessions on barrels are in accordance with the following terms and conditions: -100% waiver of import duty on personal items, food, clothing, toys and other ...

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Doing business report: Economies of Latin America & the Caribbean continue to improve business climate

(PRESS RELEASE) – Economies in Latin America and the Caribbean carried out 25 reforms during the past year to improve the ease of doing business for domestic small and medium enterprises, says the World Bank Group’s Doing Business 2019: Training for Reform report, released today. The reforms were carried out in 18 of the region’s 32 economies. No economy from ...

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Presidents, Prime Ministers, and AI Sensation Sophia the Robot to gather at the 12th Global Residence and Citizenship Conference in Dubai

(PRESS RELEASE) – More than 400 delegates from over 40 countries are expected to attend the 12th annual Global Residence and Citizenship Conference, which takes place this week (4–6 November) at the Mina A’Salam Hotel in Dubai. Hosted by leading international citizenship and residence advisory firm Henley & Partners, this annual event has become the world’s largest and most significant ...

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CDB to fund performance management unit in St. Lucia

(CMC) – St. Lucia is to receive five million US dollars from the Barbados-based Caribbean Development Bank (CDB) to establish a Performance Management and Delivery Unit (PMDU). The Allen Chastanet administration is in the process of developing a Strategic Development Plan for the period 2019-2022, and has committed to adopting a new approach to executing its strategic priorities, with a ...

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Invest Saint Lucia supports Business Month

(PRESS RELEASE) – For the fourth consecutive year, Invest Saint Lucia (ISL) will be partnering with the Department of Commerce, International Trade, Investment, Enterprise Development & Consumer Affairs as the Department hosts a series of activities in observance of Business Month. The month-long programme of activities which will run from November 1st – 30th, is being held under the theme: ...

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Expedia Group’s new Guest Insights tool helps hotels understand and attract travelers

(PRESS RELEASE) – Expedia Group, the world’s travel platform, today announces the global availability of Guest Insights, a new solutions-driven insights tool for hotels. As part of the Expedia Group’s Partner Central suite of offerings, Guest Insights leverages current property, competitive and market intelligence to inform properties of their guest’s travel motivations and booking behavior, allowing Partners to identify opportunities ...

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Fuel price adjustments

(PRESS RELEASE) – The Public is hereby notified that in keeping with changes in international oil prices and Government’s application of the modified market pass-through petroleum pricing mechanism, the retail price of kerosene and LPG 20, 22, and 100 lb cylinders have been changed. The retail price of gasoline and diesel remains unchanged. The price changes take effect from Monday ...

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NWU accepts recommendations of labour officers

(PRESS RELEASE) – The National Workers Union (NWU) has accepted two (2) recommendations made by Labour Officers Mr. Joseph Joseph and Mr. George Melchoir of the Department of Labour. The recommendations were made at conciliatory meetings with the Management of St. Lucia Hospitality Workers Credit Union and BELfund and the National Workers Union which were chaired by the Labour officials. ...

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Taiwanese business delegation visit Saint Lucia for investment and trade opportunities

(PRESS RELEASE) – A business delegation from Taiwan arrived in Saint Lucia on 24 October 2018 to explore investment opportunities and engage potential business partners in Saint Lucia. They had a chance encounter with the Honouralbe Allen Chastanet, Prime Minister of Saint Lucia upon arrival at the airport and were warmly welcomed by him. During their visit, delegation members participated ...

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CCC workers benefit from historic NWU and CCC agreement

(PRESS RELEASE) – The Management of the Castries Constituency Council (CCC) and the National Workers Union (NWU) have signed a historic industrial agreement. The new accord will benefit daily paid workers for a period of three (3) years. The duration of the agreement is from February 6, 2017, to February 5, 2020. It establishes a new remuneration structure that will ...

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Fox Movie City – Free view this weekend!

(PRESS RELEASE) – Exclusive to Flow Digital TV customers, Fox Movie City is FREE for four days, starting THIS Friday, October 26th 2018, and running up until Monday, October 29th. The Fox Movie City pack (channels 540 to 560) includes Fox1, Fox1 East and West, Fox Action East and West, Fox Classics, Fox Family East and West, Fox Movies, and ...

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Bonus bubble islandwide today!

  (PRESS RELEASE) – TODAY, Friday, October 26th 2018, our mobile customers can enjoy BONUS credit on Saint Lucia’s fastest and most reliable network. ALL prepaid mobile users get double double their normal credit with an islandwide Double Bubble. To take advantage, all you need to do is Top Up $10.00 or more, and you will be given twice the ...

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Invest St Lucia calls for expressions of interest for investment-ready projects

  (PRESS RELEASE) – Invest Saint Lucia recently put out a call for expressions of interest (EOIs) from the private sector in relation to business proposals, project concepts or products that are available for investment. According to Manager for Investment Promotion and Fulfilment, Alana Lansiquot-Brice, this EOI is being presented to increase the participation of the local, private sector in ...

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WASCO update on system fault

(PRESS RELEASE) – Following up from our Press Release sent earlier today, the Water and Sewerage Company Inc WASCO wishes to inform the public that a system fault discovered at the Theobalds Treatment Plant today October 25th 2018 has been repaired. Subsequent testing and monitoring throughout the day have revealed that the water quality has returned to normal. WASCO regrets ...

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Saint Lucia Fire Service increases ambulance fleet by three

(PRESS RELEASE) – The Saint Lucia Fire Service has reiterated its commitment to continually enhance its standard of service delivery to the public. Its most recent show of unwavering commitment has been demonstrated via the procurement of three new Toyota 2018 Hiace (Diesel Engine) ambulances that are already equipped with Emergency Medical Equipment. The three spanking new ambulances will comprise ...

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CIBC Trust Company appoints new Managing Director

(PRESS RELEASE) – CIBC Trust Company (Bahamas) Limited has announced the appointment of Perry A. Rolle to the position of Managing Director. Perry is a career banking professional with over 25 years of experience in the sector. Over the years, he has worked in a number of senior roles in both the Operations and the Fiduciary arms of the business. ...

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