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Finance/Business

LIME customer and football fan wins $1000 cash!

PRESS RELEASE – Although his team exited FIFA World Cup Brazil 2014 early on in the tournament’s knockout stage, Michael Henry is a very happy camper. That’s because he won $1,000 cash from LIME just from crediting his LIME prepaid phone $15 or more. It’s all part of the ongoing LIME Football Fever campaign, in support of the biggest football ...

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Customers to pay more for electricity; gov’t increase in LUCELEC fuel levy takes effect

PRESS RELEASE – An increase in the tax charged by the Government of Saint Lucia (GOSL) on fuel purchased by Saint Lucia Electricity Services Limited (LUCELEC) came into effect on June 16, 2014 when the statutory instrument for that purpose was published in the Saint Lucia Gazette. Consequently, all fuel purchased by LUCELEC from Buckeye St. Lucia Terminal Limited since ...

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Digicel gives away $60,000 in cash and prizes this summer

PRESS RELEASE – As the summer days continue to warm up, Digicel turned up the heat a few notches as it launched its CPL summer promotion which allows its customers to win their share of a whopping $60,000 in cash and prizes. The promotion, which is built around the Caribbean Premier league (CPL), also known as the “Biggest Party In ...

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Coco Palm opens events centre

PRESS RELEASE – Coco Palm announces the opening of the Golden Palm Events Centre to cater to the growing demand of meetings and events. Located at the AlFiona Plaza in Rodney Heights, the new 3,000-square-foot Golden Palm conference room caters for up to 200 theatre style with catering facilities by KoKo Cabana Bistro. Golden Palm is the largest of the ...

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LUCELEC introduces electric car charging station

PRESS RELEASE – Saint Lucia Electricity Services Limited (LUCELEC) has established an electric car charging station at the JQ Mall in Rodney Bay. It is a test point for a corporate diversification project that will eventually be managed by a subsidiary company LUCELEC is in the process of setting up. The project is currently being managed by a Corporate Diversification ...

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RSVP hosts “Cocktails & Contacts” event

PRESS RELEASE- RSVP Marketing in collaboration with the Secrets Lounge hosted a Networking Event with a difference for business professionals dubbed “Cocktails & Contacts”.  The event, a brainchild of Shernell Lionel and Ron Isidore is a two-and-a-half-hour event held every other Wednesday at the Secrets Lounge in Rodney Bay. Cocktails and Contact is targeted at motivated young professionals over the ...

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BREAKING NEWS: Chester Hinkson appointed chairman of GNT

PRESS RELEASE – Country Manager of the Bank of Nova Scotia, Mr. Chester Hinkson has been appointed to serve as Chairman of the Government Negotiating Team (GNT). Consistent with the announcement that the Government of Saint Lucia would accede to the request by public sector unions to activate the GNT, all arrangements have been made to begin the two week process, ...

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CIBC FirstCaribbean continues support for stilt-walkers

PRESS RELEASE – CIBC FirstCaribbean International has stepped forward to support the resurgence and growth of the art of stilt-walking. With a strong appeal to both rural and urban youth, stilt-walking has become a vibrant component in the island’s various traditional and cultural extravaganzas. In their annual portrayal, and in keeping with its nationalistic brand, the St. Lucian Spirit Carnival ...

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Digicel supports RC Jam 2014

PRESS RELEASE – The St. Aloysius RC Boys’ Primary School received assistance for the fourth consecutive year from Digicel for the successful staging of the RC Jam competition which saw three young performers capture the crown for groovy, soca and calypso in three independent segments. On Friday, June 27, the grounds of the RC Boys School saw 15 young men ...

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LIME offers spectacular July deals!

PRESS RELEASE – Once again LIME is offering massive discounts on its high-speed broadband Internet service along with spectacular deals on LIME TV and landline services and on mobile prepaid TopUp, all throughout the month of July. New customers who sign up for the Mega Plus broadband package up to 15 July pay just $49.99 per month ($57.49 with VAT) ...

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SLHTA and CGM Gallagher launch group medical insurance plan for employees of SLHTA member companies

SLHTA – The Saint Lucia Hotel and Tourism Association (SLHTA) announces the engagement of CGM Gallagher Group for the provision of group medical insurance for employees of SLHTA member companies. The plan, which will seek to target 2,000 employees in its initial phase, will allow for significantly discounted premiums for medical and health insurance for many workers who cannot afford ...

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Ministry releases new items on VAT list

PRESS RELEASE – The Ministry of Commerce, Business Development, Investment and Consumer Affairs would like to inform importers of price control items that effective July 1, 2014, the following price control items would attract 15 percent Value Added Tax (VAT). The items in question are as follows: H.S. Number Item Description 0713.10.20 Split pea, dried, shelled, whether or not skinned ...

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Renwick & Company’s Garden Centre gives back to agricultural community

PRESS RELEASE – On Tuesday, July 1, 2014, Renwick & Company Ltd’s Garden Centre provided the agricultural community with agricultural products valued at over EC$80,000 at a presentation ceremony held at its conference room. Renwick & Company Ltd., through partnerships with its suppliers Renwick Duwest Incorporated and Premium Fertilizer, agents for Fersan fertilisers, presented agricultural products to several farmer groups, ...

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SLHTA launches group medical insurance initiative for hospitality and tourism employees

PRESS RELEASE  – The Saint Lucia Hotel and Tourism Association (SLHTA) announces the engagement of CGM Gallagher Group for the provision of group medical insurance for employees of SLHTA-member companies. The plan, which will seek to target 2,000 employees in its initial phase, will allow for significantly discounted premiums for medical and health insurance for many workers who cannot afford ...

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LUCELEC is 50 today!

PRESS RELEASE – Saint Lucia Electricity Services Limited (LUCELEC) is 50 years old! The electricity company observes the milestone anniversary on Tuesday, July 1,  2014. LUCELEC Managing Director Trevor Louisy says the occasion is a cause for celebration and reflection, a time to “celebrate what we have accomplished, yes, but also to reflect on what lies ahead, regroup, and prepare ...

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Town hall meeting in Castries East to discuss economic woes

PRESS RELEASE – A discussion on the economy and other matters of concern to residents will take place at the Marchand Community Centre, today, Tuesday, July 1, 2014 from 6:30 p.m. Prime Minister and Minister for Finance, Dr. Kenny D. Anthony, and Deputy Prime Minister and Parliamentary Representative for Castries East, Philip J. Pierre, will lead the discussions on the ...

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Digicel supports the police at Kaiso Headquarters

PRESS RELEASE – Digicel is joining forces with the Royal St. Lucia Police Force this Carnival season to bring about the ever popular “Kaiso Headquarters”. When thinking of the Royal St Lucia Police Force, thoughts are usually of them in traditional roles, being highly trained, ready to fulfill their mandate to “protect and serve”. However, with this year’s event being ...

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LIME supports fire victim

PRESS RELEASE – A young mother and her family who tragically lost their home in a fire are receiving support from LIME. A single mother of five from Riviere Mitan suffered a devastating blow when her house went up in flames two months ago. No one was hurt in the blaze but they lost practically all their belongings. LIME is partnering ...

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Myers re-elected to ICAC

PRESS RELEASE – St. Lucian and Assurance Partner with KPMG Eastern Caribbean, Frank V. Myers, was re-elected president of the regional accountancy body, The Institute of Chartered Accountants of the Caribbean (ICAC). Myers was re-elected president for the period 2014-2015 during a special meeting of the ICAC Board of Directors which was held in conjunction with the ICAC’s Annual Caribbean ...

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Skeptic now a believer after winning over $67,000 in Power Play Jackpot

Once a skeptic but now a believer. Ashline Sankar-George played Saint Lucia National Lottery (SNL) games only a few times and never quite thought she would win, until now. She is $67, 600 richer – winning the SNL’s latest Power Play Jackpot. Sankar-George was presented with her check during a small ceremony at the SNL’s office at the Gablewoods Mall ...

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PM continues hunt for investors

PRESS RELEASE – Prime Minister Dr. Kenny D Anthony has announced that the Government of Saint Lucia has started efforts to establish a network of business ambassadors. The ambassadors will help the Government of Saint Lucia to identify sources of investment and promote Saint Lucia as an ideal location for investment. This initiative is modeled on the United Kingdom Department ...

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Digicel supports an extraordinary’ Carnival Queen contestant Michelle Vitallis!

PRESS RELEASE – Digicel, platinum sponsor of St. Lucia’s Carnival 2014, is elated to be the sponsor of contestant Michelle Vitallis. The attractive 23-year-old was sashed as ‘Miss Digicel’ at a ceremony held on Monday, June 23 at Cultural Development Foundation (CDF). This prestigious national queen pageant is expected to celebrate eight extraordinary young ladies – all very talented, poised ...

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Sandals supports business programme

PRESS RELEASE – Sandals has joined hands with ‘The School Of Business Entrepreneurs’ (TSOBE) to host some 30 unemployed youth as part of a business training programme designed to stimulate and encourage entrepreneurs and free-enterprise thinking. The initiative, dubbed START (Start Today Attain Results Tomorrow) began on Tuesday and closed on Thursday. According to Janelle Sealy, project manager at TSOBE, ...

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Inland Revenue Department continues stakeholder forums

PRESS RELEASE – As part of the mandate to continue improving the level of service to its customers and to improve the ease of doing business with the department, the Inland Revenue Department (IRD) has been hosting a series of stakeholder meetings. To date, forums have been hosted for the various government ministries and yesterday met with tax practitioners. Recently-appointed ...

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LUCELEC discusses proposed substation with Ti Rocher residents

PRESS RELEASE – Saint Lucia Electricity Services Limited (LUCELEC) has begun exploratory works to establish a substation in Ti Rocher, Castries. The works include creating an access path to the proposed site for the team undertaking the geo-technical study. An environmental impact assessment (EIA) study will also be conducted. The results of these will inform decisions on the design of ...

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Digicel top up customer wins Samsung 4G tablet

PRESS RELEASE – Digicel, for the month of June, had the opportunity to celebrate all fathers with Digicel’s online top up Father’s Day Promotion. One lucky Digicel online customer in the person of Jonathan Henry got rewarded and won a Samsung Galaxy Pro Tab for just topping up online. Many customers top up online as this serves as one of ...

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Digicel Business supports SLHTA’s Golden Jubilee

PRESS RELEASE – Digicel Business was pleased to be able to support the SLHTA Golden Jubilee Dinner as a gold sponsor last Monday evening at the William Jefferson Clinton Ballroom at the Sandals Grande Saint Lucian Beach & Spa Resort. ‘Together for a better Saint Lucia’ was the theme that governed the official start week of activities for the Saint ...

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CIBC FirstCaribbean customers treated to special appreciation day

PRESS RELEASE – In the spirit of appreciation, CIBC FirstCaribbean took the opportunity on Friday, June 13 to thank customers for their continued support and patronage throughout the year. The bank’s branches in Rodney Bay, Castries, Soufriere and Vieux Fort were all decorated in festive décor, while customers were treated to fruit baskets, floral arrangements, chocolates and candy jars as ...

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IMF recommends reduction in wage bill

PRESS RELEASE – Less than two weeks after Government of Saint Lucia presented a proposal to cut wages and salaries by five percent, the IMF has made a case to reduce the wage bill and the amount spent on transfers and subsidies in the region. Following the conclusion of the 2014 discussion on the common policies of the countries of ...

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BREAKING NEWS: Government agrees to activate GNT

PRESS RELEASE – Prime Minister Dr. Kenny D. Anthony has agreed to a recommendation made by the public sector unions and associations, to activate the Government Negotiating Team (GNT). According to the prime minister, it is essential that all avenues are explored to continue discussing proposals to cut expenditure in an effort to reach consensus on the way forward. In ...

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5 key tips to finding a new job

Finding a job when unemployment is high can take all of your James Bond skills to employ them for your job search, because you know that half of the jobs you see advertised have been filled before you apply and for any of the remaining jobs you might like to consider, you’ll be standing in a queue with hundreds of ...

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Digicel celebrates their Digi dads

PRESS RELEASE – Digicel last Friday took time out to celebrate the fathers or father figures that played significant roles in the lives of its team members. Digicel’s “Digi Dads” promotion saw 26 team members express their love and appreciation for their dads in the Ultimate Digi Dad Father’s Day promotion. Father’s Day – an occasion honouring fathers, paternal bonds, ...

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Bay Gardens Resorts donates to local school

PRESS RELEASE – Bay Gardens Resorts partnered with a third-time repeat guest and his family to make a donation to the Gros Islet Preschool this week. Malcolm Gordon and nearly 50 of his family members visited the Bay Gardens Beach Resort in April 2014 for a grand two-week 70th birthday celebration. A true philanthropist at heart, Gordon made a special ...

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PHOTOS: Cockroach discovered in roti

A woman is now hopping mad after she discovered a cockroach in her roti this morning. The roti was purchased in Castries city this morning. The woman told St. Lucia News Online that she is planning to get a refund. “I am so mad, disgusted,” she said. “And so many people go there. I was eating it already.” (0)(0)

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PM consults with SLISBA on economic challenges

PRESS RELEASE – The Saint Lucia Industry and Small Business Association (SLISBA) has accepted an invitation from Prime Minister and Minister for Finance Dr. Kenny D. Anthony to participate in a consultation on Saint Lucia’s economic and fiscal challenges. Similar to the consultations held initially with public sector unions, the Saint Lucia Media Association, the National Youth Council and the ...

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Club GAR shows appreciation to SNO and other sponsors

St. Lucia News Online’s Editor-in-Chief and Managing Director of Andrews Media Services Corp., Merrick Andrews (left), accepts a Certificate of Appreciation for being a key partner of Club GAR’s Walk 4 A Cause event in support of the St. Lucia Cadet Corps. Andrews collected the ‘thank you token’ at a reception for sponsors at Club GAR on Thursday, June 5. ...

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“If we do not deal with the unemployment problem we are in a serious mess” – Director of Chamber of Commerce

Executive Director of the Chamber of Commerce Brian Louisy has proposed measures to be considered by the private sector and government which he believes can improve the country’s economy, while pinpointing what he considers inefficiencies in the 2014/2015 National Budget. He was speaking at a First Citizens Investment Services organised 2014 Budget Review Seminar on Monday, June 2 at the ...

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Prime minister briefs Diplomatic Corps

PRESS RELEASE – A diplomatic lunch hosted by the Ambassador of Mexico to Saint Lucia served as an opportunity for Prime Minister Dr. Kenny Anthony to brief the Diplomatic Corps on the status of Saint Lucia’s economy and its future prospects. During the routine informal diplomatic caucus, the foreign representatives profited the opportunity to quiz the prime minister on the ...

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St. Lucia among countries in the region with lowest commercial taxes

Saint Lucia is one of four countries in the region with the lowest business taxes, according to a World Bank Doing Business project. This information was revealed in a Caribbean Journal article recently. According to the article, which pointed to statistics from the World Bank project from data compiled in 2013, Saint Lucian businesses pay 34.6 percent in commercial taxes. ...

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CIBC First Caribbean Bank puts up money to “sustain the rich culture of steel pan music”

The CIBC First Caribbean International Bank (Saint Lucia) has thrown its support behind this year’s Panorama Competition with a $5000 financial donation. The presentation was made at the bank’s Castries location in the presence of bank officials and representatives from the St Lucia National Steel Band Association – the beneficiaries of the donation. CIBC Bank Country Manager Ladesa James-Williams said ...

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Prime minister plans meeting with NYC on economy

PRESS RELEASE – Prime Minister Dr. Kenny D. Anthony and members of the Cabinet of Ministers continue to meet representatives of the private sector and civil society, to engage in discussions on the performance of Saint Lucia’s economy over the past year as well as to share and receive proposals aimed at stabilising the fiscal position of the country. The ...

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CPMA writes off calypso association debt

PRESS RELEASE – The Board of Directors of the Cultural Development Foundation (CDF), acting on a recommendation from the Carnival Planning & Management Agency (CPMA), at its meeting of Monday, May 26 2014 agreed to support the St. Lucia Calypso Association (2009) for the 2014 Calypso Season. This support comes in the form of a conditional write-off of the amount ...

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New lottery agents and locations (advertorial)

The St. Lucia National Lottery (SNL) has released a list of its new agents and locations across the island. Below is a list of new SNL agents and their locations:  Paradise Cuisine – Corner of Jn Baptiste St & Darling Rd Greene’s Wholesale – St Louis St, Castries Brydens House of Wines- JQ Mall Brydens House of Wines – Bridge ...

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Reports of fake $100 bills in circulation among Caribbean islands

The public should be on its guard for the circulation of counterfeit EC$100 notes within the Eastern Caribbean region. The warning was issued by Government Press Secretary Jadia Jn. Pierre-Emmanuel on Facebook through a customer alert. A fake money bill is that which is photocopied or printed poorly. They will appear smaller than regular bills and lack the unique security ...

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No shouting match between Barbados and St Lucia, says Barbados minister

Do not expect any shouting matches between Barbados and Saint Lucia over the recent imposition of tax on some Barbadian goods by that country. This was made clear by Minister of Industry, International Business, Commerce and small Business Development Donville Inniss, who said that although it was not an agenda item per se at the Council for Trade and Economic ...

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King proposes new housing initiatives to government

Castries North Member of Parliament Stephenson King has proposed two new housing initiatives to government aimed at assisting the poor population in realising their dream of owning their own homes. King during his presentation to the 2014/15 budget debates on Friday said that for too long the poor population has been left out in the development agenda of the island. ...

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CIBC FirstCaribbean toasts staff on Employee Appreciation Day

PRESS RELEASE – CIBC FirstCaribbean management across the bank’s 17 territories on Thursday, May 15 celebrated the bank’s over 3,000 employees as part of the annual Employee Appreciation Day activities. The leadership of the regional bank joined with their colleagues from the CIBC group worldwide in saying a rousing “thank you”, to the company’s corps of dedicated and loyal staffers ...

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Warning: Internships Actually Work

Time to think ahead! This is the time of the year to begin your career planning, ahead of the upcoming summer vacation.  Students in secondary school, college, and university should spent time reflecting on their interests and goals. Those seeking to join the workforce should take their first steps forward. The stubbornly high unemployment rates are a strong indicator of ...

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SNO Birthday Greetings (free)

St. Lucia News Online is encouraging everyone to submit birthday greetings to [email protected] or via our Facebook page inbox. Whether you’re celebrating your birthday or that of a relative, friend or lover, all greetings are welcome. Greetings should be accompanied by at least one photo. The message will be published only on our Facebook page. What better way to reach ...

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BOSL helps build happy homes

PRESS RELEASE – Bank of St. Lucia is making it easier to own a piece of ‘Fair Helen’ by offering favourable rates on home construction, the purchase of house and land, or the consolidation of debts related to home ownership. BOSL recently launched its Happy Homes campaign, offering mortgage loans at a competitive interest rate of only 6.99 percent. Customers ...

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LUCELEC explore new business opportunities, given approval to establish subsidiary company

PRESS RELEASE – St. Lucia Electricity Services Limited (LUCELEC) has been granted approval by its shareholders to establish a subsidiary company. The decision came at the end of a Special Meeting of Shareholders held on Friday, May 9, 2014. The subsidiary company will allow LUCELEC to explore new business opportunities separate from what it is currently engaged in which is ...

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King recommends different approach to introduction of taxes

Former Prime Minister and Member of Parliament for Castries North Stephenson King has proposed that there be consultation over the introduction of taxes in order to measure the impact it will have on the disadvantaged. He has expressed disappointment on the prime minister’s announcement of increased taxes on certain goods for the new financial year.  “For the past three years we ...

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NWU conclude negotiations with Demerara Mutual Life Assurance Co.

PRESS RELEASE – The National Workers Union (NWU) and the management of Demerara Mutual Life Assurance Company held their final meeting earlier this week and concluded industrial negotiations. Technical and clerical workers employed with the company will benefit from a seven percent  general wage increase spread over a three-year period. Workers will receive three percent  in year one with an ...

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LUCELEC hosts successful annual shareholders meeting

PRESS RELEASE – Shareholders of the St. Lucia Electricity Services Limited (LUCELEC) will receive a dividend payment of seventy cents (EC$0.70) for every share of LUCELEC stock they own.  The amount represents the disbursement from the electricity company for the financial year that ended on December 31, 2013. That was one of the major outcomes of LUCELEC’s 49th annual Meeting of ...

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VAT applied to some items consumed by ‘higher income earners’

Some grocery items which consumers bought tax-free in the past will soon see a 15 percent Value Added Tax (VAT) applied to them. During the presentation of the Budget Estimates, Prime Minister Anthony indicated that following post policy assessments and consultations with stakeholders, government was able to make further amendments to a list of items. This includes fish, butter, margarine ...

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2,100 individuals to be tax-exempt, thousands to pay less income tax

PRESS RELEASE – Effective January 1, 2015, 2,100 individuals will be exempt from income tax and approximately 9,443 will pay less income tax. These changes are the results of major adjustments to the income tax regime, announced in the 2014/2015 Budget Statement by Prime Minister Dr. Kenny D. Anthony. Firstly, in keeping with a promise made in the Saint Lucia ...

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Tax relief for business sector

PRESS RELEASE – The Government of Saint Lucia will deliver on a campaign promise to reduce corporate tax. This move will allow corporations to have additional funds for further investment and will hopefully lead to increased compliance. It is envisaged that such a move will make Saint Lucia more attractive as a place to do business and thus will result ...

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Prime minister presents budget speech later

PRESS RELEASE – The 2014/2015 Budget Statement will be presented by Prime Minister Dr. Kenny D. Anthony today, Tuesday, May 13, 2014 at 5 p.m. This policy statement follows the Debate on the Estimates of Revenue and Expenditure which took place on April 29 and 30, 2014. This year’s budget statement will focus on reducing the deficit and promoting investment. ...

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PM tone downs fear over impact on investment in real estate

Prime Minister Dr. Kenny Anthony has responded to concerns that housing could become more expensive for locals after information that several realtors indicated interest in investing in Saint Lucia at the recently held Saint Lucia Investment Forum (SLIF). The prime minister said while he does have such information, that is not the case because government has the responsibility to make ...

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$75M needed to improve country’s financial standing

The prime minister has announced that his administration will address the country’s fiscal deficit by reducing spending, with or without the consensus of stakeholders. Prime Minister Dr. Kenny Anthony told media operatives on last Friday (May 9) at a discussion on the current economic situation that every measure possible will be used to come to an agreement with stakeholders on ...

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CIBC FirtCaribbean invites customers to Talk to Me Tuesdays!

PRESS RELEASE – Tuesday, May 6 saw the commencement of CIBC FirstCaribbean’s highly interactive customer outreach programme – Talk to Me Tuesdays!  The initiative is being rolled out in all countries in the Caribbean where CIBC FirstCaribbean operates. Talk to Me Tuesdays! will see greater interaction between branch managers, their customer service representatives and sales team with customers who come ...

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Statistics on economic performance indicate deficit will rise without wage adjustment

Government is exploring other measures to curb public debt since an increase by 1.5 percent over the past two years. During a press briefing today, May 9, Permanent Secretary in the Ministry of Finance Reginald Darius, in a PowerPoint presentation, demonstrated what the current state of the economy looked like as it relates to government spending and fiscal deficit. Friday’s ...

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