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Finance/Business

Jade Mountain Resort makes St. Lucia proud once more

St. Lucia’s famed Jade Mountain Resort located in Soufriere has bagged another regional award. Readers of Islands Magazines have selected the resort as the ‘Caribbean’s best luxury resort’. Jade Mountain amassed the majority of the votes, 31 percent, followed by Peter Island in the British Virgin Islands (26 percent), Four Seasons in Nevis (16 percent), Amanyara in Turks and Caicos ...

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SUMMARY OF BUDGET ESTIMATES: Hon. Alva Baptiste, Minister for External Affairs, International Trade and Civil Aviation and Member for Laborie/Augier

In every dark hour in Saint Lucia’s national life the STAR of Bread, Justice and Freedom rises to illuminate our path to social and economic recovery. As if and if I may reach out for the late Dr. Martin Luther King Jr. “It is only when its dark enough can you see the stars.” The doctor’s knife had to be ...

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SUMMARY OF BUDGET ESTIMATES: Hon. Alvina Reynolds, Minister for Health, Wellness and Gender Relations and Member for Babonneau

Ministry of Health Vision: To obtain optimal wellness for the entire population by increasing access to affordable health care. Mission: We lead through advocacy, policy development, regulation and the delivery of accessible comprehensive, quality health and social services using the most cost effective mechanisms. Creating and maintaining a healthy environment that promotes gender equity and encourages personal responsibility for well-being ...

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SUMMARY OF BUDGET ESTIMATES: Hon. Moses Jn. Baptiste, Minister for Agriculture, Fisheries, Food Production and Member for Vieux Fort North

The agricultural sector must play its role in job creation, economic growth, financial stabilization, fiscal rebalancing and social equity at a time of continued global economic uncertainty. REHABILITATION OF FARM DRAINS-$750,000.00 As it relates to ravages caused by Hurricane Tomas and its impact on the agricultural sector, this Ministry continued with its program of desilting of main drains and waterways ...

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T&T accused of barring products from St. Lucia

The president of the St Lucia Manufacturers Association (SMA), Paula Calderon, has accused Trinidad and Tobago of barring products from entering the country. During a question-and-answer segment of the recently held Caribbean Export colloquium at the Hilton Barbados, Calderon pleaded with the chief executive officer of the Trinidad and Tobago Manufacturers’ Association (TTMA), Ramesh Ramdeen, to help remove the barriers. ...

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Petroleum prices increase

The public is hereby notified that in keeping with the schedule of price changes under the modified market pass-through system, fuel prices will be adjusted today, Monday, April 29, 2013. The amendments reflect price increases for recent imports of refined petroleum products. The changes in the retail price of fuel products will be as follows: Even with the new price ...

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No VAT increase

Prime Minister and Minister of Finance Dr. Kenny D. Anthony has demolished rumours that the Valued Added Tax (VAT) will be increased. Speaking during the budget debate last Thursday, Dr. Anthony said: “I want to make it clear, contrary to rumours be circulated, that the government of Saint Lucia has no intention to increase VAT beyond the 15 percent.” Rumours ...

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Sunshine Industries and labour officials seem set for a showdown over unfair dismissals

The management of Sunshine Industries Ltd St. Lucia has been advised to reinstate seven dismissed workers in a decision handed down by the acting labour commissioner. The company has been embroiled in a drawn out dispute with workers after it unlawfully made deductions on the workers’ salaries. The ensuing protest action by the workers led to a company-sanctioned lockout that ...

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National budget is less $130M due to spending cuts

For the first time since Independence the national budget is being cut. Prime Minister and Minister for Finance, Dr. Kenny Anthony in presenting the budget estimates to Parliament last week, said the national deficit stands at 9 percent of the GDP and to address the economic crunch, the 2013/2014 estimates is being reduced by $130.4 million. Government’s total recurrent expenditure ...

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BUDGET AT A GLANCE: Hon. Dr. Kenny D. Anthony, Prime Minister and Minister for Finance, Economic Affairs, Planning and Social Security and Member for Vieux Fort North

Over the years the budget has been on an increasing trend.  However, in an effort to contain expenditure and improve the government’s fiscal position,  the 2013/2014 draft estimates proposes funding for expenditure amounting $1.327 billion representing $130.4 million down from last year’s approved estimates of $1.457 billion but $42.3 million above the out-turn (1.285 million) for 2012/13. The proposed increase ...

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SUMMARY OF BUDGET ESTIMATES: Hon. Harold Dalson, Minister for Social Transformation, Local Government and Community Empowerment and Member for Soufriere/Fond St. Jacques

EXPANSION OF AFTER SCHOOL PROGRAMME This year, the review saw the expansion of the Community After School Programme, one of the Ministry’s primary social intervention Programmes which targets children and youth from poor or low income households in “at risk” communities where it is evident that this support is most needed. During last year, seven new Centres were established thereby ...

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SUMMARY ON BUDGET ESTIMATES: Hon. Dr. Robert Lewis, Minister for Education, Human Resource Development and Labour and Member for Castries South

Recognition is due to the grace of God and the support of the people of Castries South, the Cabinet of Ministers and the Staff of the Ministry of Education, Human Resource Development and Labour. This Budget is testimony of the leadership of the Prime Minister and Minister for Finance. In the face of growing criticism by some in certain quarters, ...

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SUMMARY ON BUDGET ESTIMATES: Hon. Phillip J. Pierre, Deputy Prime Minister and Minister for Infrastructure, Port Services and Transports and Member Castries East

LICENSES (RECURRENT REVENUE PROJECTED AT $11,980,000.00) This increase is based upon a new licensing system. There was a complete reorganization of this department. The increase in projected revenue is purely due to compliance and not an increase in fees. Forty one thousand three hundred and eleven (41,311) drivers are currently in the system and paying their licenses.  There is increased ...

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SUMMARY ON BUDGET ESTIMATES: Hon. Shawn Edward, Minister for Youth Development and Sports and member for Dennery North

This presentation is being made in the context of service to the Ministry of Youth Development and Sports, but more significantly in service to the people of Dennery North and lends support to the 2013/2014 Estimates as presented by the Prime Minister and Minister for Finance. This year’s fiscal package is yet another manifestation of the formidable leadership prowess of ...

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SLHTA commends SLTB and United Airlines partnership

 The Saint Lucia Hotel and Tourism Association would like to extend sincere congratulations to the hard-working marketing team of the Saint Lucia Tourist Board on their recently concluded agreement with United Airlines. Earlier this week, an announcement was made informing all industry partners of United Airlines weekly non-stop service from Newark/ New York to Saint Lucia on a Boeing 737-800 ...

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Digicel launches Blackberry Z10 smartphone in Saint Lucia

Digicel today announced the official launch of new BlackBerry® Z10 smartphone powered by BlackBerry® 10. The new BlackBerry Z10 is the first smartphone to launch with the re-designed, re-engineered and re-invented BlackBerry 10 platform, offering customers a powerful and unique new mobile computing experience. The BlackBerry Z10 is the fastest and most advanced BlackBerry smartphone yet, and offers a smarter ...

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BELT-TIGHTENING: St Lucia’s leader calls for reduction in gov’t expenditure

With the contraction of the world economy, many states have sought to implement measures to curb expenditure for fear of plummeting into financial crises. On the opening day of the debate on the Estimates of Revenue and Expenditure for 2013/2014, Prime Minister and Minister for Finance, Dr. Kenny D Anthony, announced an intention to reduce the country’s spending. In acknowledging ...

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Digicel tips its hat to “Ladies in Hats”

Digicel, St Lucia’s bigger better network, has again demonstrated it support and strong commitment towards championing the cause of the underprivileged and less fortunate in society. The telecommunications provider and mobile leader registered that support both in terms of cash and in-kind at a recent charity fundraiser dubbed “Ladies in Hats”. Held under the distinguished patronage of St. Lucia’s Governor General Her Excellency Dame ...

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Digicel feels the vibe: New youth endorsees embody the spirit of jazz

Telecommunications giant Digicel firmly establishes themselves as patrons of the arts with the endorsement of two burgeoning musicians as part of their campaign to foster youth development. As a long-standing patron and partner of the Saint Lucia Jazz and Arts Festival, Digicel has begun to look inward in hopes of developing young artistes to showcase to the world. “Complete sustainability ...

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St. Lucia Tourist Board announces United Airlines will launch service from Newark/New York to St. Lucia

The Saint Lucia Tourist Board announces that United Airlines will launch weekly, non-stop service from Newark/New York to Saint Lucia on a Boeing 737-800 aircraft for the added convenience of travelers in the Northeast and many of the island’s top US markets. Departing Saturdays from New Jersey’s Newark Liberty International Airport (EWR) to Hewanorra International Airport (UVF), the new service ...

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Sugar Beach Resort voted Best Honeymoon Hotel

Sugar Beach, a Viceroy resort, was listed as “Best Honeymoon Hotels for 2013” thanks to Forbes.com. The company, which shortlisted to eight hotels worldwide, gave special acknowledgement to our very own Sugar Beach, who is also the only Caribbean hotel on the list. It comes as no surprise to us at the Saint Lucia Hotel and Tourism Association, especial as ...

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CFL gets corporate award at Kouwi Sent Lisi

The National Community Foundation (NCF) held its fun run/walk ‘Kouwi Sent Lisi’ last Sunday and this year proved to be another success. Each year the activity is given a health theme, and is used as an opportunity to provide participants with information on a specific area of health concern, while promoting NCF programmes and services. This year’s event “Kouwi Sent ...

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New direct flights from Manchester to Saint Lucia

It is set to become even easier to escape the temperamental British weather as the Saint Lucia Tourist Board announces a new direct flight from Manchester Airport to the “simply beautiful” island of Saint Lucia. From November 10, 2013, Thomas Cook Airlines will provide weekly Sunday flights on a specially configured Airbus A330 – 200 aircraft, leaving Manchester at 12 ...

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CariCRIS reaffirms LUCELEC’s sound credit rating

The Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed foreign and local currency ratings of CariBBB on Saint Lucia Electricity Services Limited (LUCELEC). CariCRIS is a regional rating agency that provides ratings for Caribbean companies and governments. It is the regional equivalent of international agencies like Standard and Poor, which rates the financial profile of countries like the ...

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NWU investigates incorrect overtime payments

The National Workers Union (NWU) says it has completed an investigation among 15 companies operating on the island. The probe has revealed that more than 15 companies doing business in Saint Lucia are paying their workers overtime after 60 hours. The NWU said that overtime work should be paid after eight hours. The NWU believes that such a practice is ...

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Guardsman poll rescheduled

Over 200 security guards employed with security service, Guardsman, will have to wait for another date to participate in a secret ballot exercise. At the conclusion of a meeting at which management officials, the National Workers Union (NWU) and representatives from the Ministry of Labour were present, the parties had agreed to April 17, 2013 as the possible date, but ...

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Du Boulay’s Bottling Co. Ltd and Guyana and Trinidad Mutual Life Insurance Company Ltd sign contract with NWU

The Managements of Du Boulay’s Bottling Co. Ltd and Guyana and Trinidad Mutual Life Insurance Company Ltd. have signed industrial agreements with the National Workers Union. The industrial accord establishes a revised pay structure and a regime of new fringe benefits. When implemented, the contract will regulate general working conditions for all employees and provide minimum positions that are better ...

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Digicel launches Blackberry Z10 smartphone across the Caribbean

Digicel today launched the new BlackBerry® Z10 smartphone powered by BlackBerry® 10 in the Caribbean. The new BlackBerry Z10 is the first BlackBerry smartphone to launch with the re-designed, re-engineered and re-invented BlackBerry 10 platform, giving customers a powerful and unique new mobile computing experience. The BlackBerry Z10 smartphone is the fastest and most advanced BlackBerry smartphone yet, and offers ...

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Digicel executes another successful Kickstart clinic

Digicel continues with its KickStart programme as it completes its second phase and concludes its third phase today at The Sab Sporting Facility. Last week Digicel KickStart Series 2013, saw the best of Under 16 local footballers from the south of the island showcase their talents for their chance to be part of the final 30 boys. On Wednesday April ...

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Digicel gets ready for Jazz on the Bay

As the 22nd Annual Saint Lucia Jazz and Arts Festival draws near, Digicel, platinum sponsors of this prestigious event, is geared to support “Jazz on the Bay” which is a celebration of what makes the Saint Lucia Marigot Bay unique in beautiful St. Lucia on May 3, 2013. Marigot Bay, located on the western coast of  Saint Lucia, was dubbed ...

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SLTB toasts the real stars: Jazz & Arts Festival sponsors shine

On Thursday April 11th, yet another corporate partner, this time, the Bay Gardens Beach Resort will collaborate with the Saint Lucia Tourist Board in honoring the many partners who contribute to the continuing success of the annual Saint Lucia Jazz & Arts Festival. Director of Tourism Louis Lewis will be joined by the Festival Organizing Committee and corporative executives for ...

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St. Clair Associates Inc and Best Buy Ltd get unionized

Technical and clerical workers employed with St. Clair Associates Inc and Best Buy Ltd have become members of the National Workers Union. The NWU has since submitted two recognition claims to the Ministry of Labour requesting trade union representation as the exclusive bargaining representatives for both groups of workers. It is expected that the Ministry of Labour will first undertake ...

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UWI scholars receive CIBC FirstCaribbean International Bank scholarships

CIBC FirstCaribbean International Bank is firmly committed to supporting regional development through its contribution to the tertiary education of the region’s young people. Since 2003, the bank has sustained its partnership with the University of the West Indies by funding joint initiatives which support the development of the UWI and its students across the region. Through its registered charitable foundation, ...

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Digicel is giving away $10,000 cash for the jazz season

As proud platinum sponsors for Saint Lucia Jazz and Arts Festival Digicel, The Bigger, Better Network is celebrating this fantastic festival with a grand ‘Text to Win’ promotion. With all main stage jazz events promising to be the best ever, Digicel ensured it crafted a promotion that mirrors that signature. This jazzy promotion requires customers to simply text the word ...

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First Digicel Kickstart Clinic a success

Thirty under-16 aspiring football players will on May 3 receive the opportunity of a lifetime to attend a clinic with world-renowned football club coaches, Chelsea, through the Digicel KickStart programme. Regional telecommunications giant Digicel continues to provide its support to the development of local sports through this amazing KickStart programme. Leading to the climax of the Digicel KickStart Series 2013, ...

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AXCEL Finance to launch ‘Jump With Ease Carnival Promotion’

AXCEL Finance is partnering with the TOXIK Nation Carnival Band to launch the “Jump With Ease Carnival Promotion” on Wednesday, April 10, 2013. This exciting promotion offers working class citizens the opportunity to secure a short-term loan to facilitate their participation in Saint Lucia Carnival 2013. AXCEL Finance’s Chief Financial Officer Rojer Inglis said participating revellers are given a three-month ...

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Chamber of Commerce and Agriculture recommends arbitration after three weeks of industrial action

Below is a statement from the St. Lucia Chamber of Commerce Industry and Agriculture about the ongoing industrial action by the Civil Service Association over wage negotiations After almost three weeks of strike action, there has been no discernible movement in the ongoing negotiations between the government of St. Lucia and the St. Lucia Civil Service Association. The St. Lucia ...

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Prime minister prepares for 2013 Budget Presentation

Prime Minister Dr. Kenny D. Anthony will, in the next two weeks, meet with a number of corporate and social partners in preparation for the 2013/2014 Budget Presentation. On Tuesday, April 9, 2013, the prime minister is expected to host separate meetings with the Saint Lucia Chamber of Commerce, Industry and Agriculture, and the Banking Association. When the Chamber of ...

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Former St Lucian politician is 350K richer

A former government minister is the winner of the $350,000 Super 6 grand draw. Gaspard Charlemagne, a junior minister in the Sir John Compton and Stephenson King administrations, was presented with his cheque on Friday at Gablewoods Mall, the headquarters for CBN St. Lucia Inc, operators of the national lottery. Charlemagne encourages everyone to play the lottery, while pointing out ...

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NWU and security company sign three-year deal

The National Workers Union has established a new industrial deal with another security company. ICON Security Services Ltd and the NWU have just concluded negotiations which will benefit many security guards employed with the security company. The new accord will regulate the general working conditions of employees, formalize a new pay structure in keeping with the industry as well as ...

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Glace Motors Ltd and NWU begin industrial negotiations

The management of Glace Motors Ltd and officials from the National Workers Union have begun industrial negotiations. The meetings have been cordial and productive, and agreement has been reached on many fringe benefits submitted by the NWU in its Memorandum of Proposals. On completion of the negotiations, over 120 workers employed with the company within its supermarket operations on Bridge ...

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Celebrate and experience “All That Jazz” with Digicel

Digicel, proud Platinum sponsors of the 22nd edition of Saint Lucia Jazz and Arts Festival is geared up to create a Bigger, Better Jazz experience for all its customers. With many promotions coupled with huge giveaways, the introduction of local musical endorsees, sponsored community events and supporting pertinent special needs organizations leaves everyone to experience ‘All the Jazz’ with Digicel. ...

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PM: Hyper Mart project “a sink and not a source of government revenues”; property up for sale

The Hyper Mart building and lands located in Bois D’Orange is up for sale. This is consistent with pronouncements made by Prime Minister and Minister for Finance, Economic Affairs, Planning and Social Security, Hon. Dr. Kenny D. Anthony during the 2012/2013 Budget Statement. During his presentation, the prime minister, who described the project as “a sink and not a source ...

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CARIMAN and NWU at loggerheads

An industrial row is brewing between the management of CARIMAN Ltd. and the National Workers Union. In the latter part of 2012, workers employed with CARIMAN Ltd. were forced to take industrial action to have the company reach agreement on an outstanding wages matter. The agreement was reached during a meeting at the Department of Labour. It was also agreed ...

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Digicel partners with Sanford-Belle on pediatric disability television program

Digicel St Lucia has teamed up with Sanford-Belle, as the main sponsor of a television program that promises to call attention to pediatric disability in St Lucia. The program is the first episode in the Sanford-Belle presents series, a news-magazine show offering an intriguing blend of ‘hard and soft’ stories, well-researched features and interviews. Producer and host of the show ...

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Sandals Resorts International receives award

In recognition of its strides in environmental sustainability, Sandals Resorts International received its eighth platinum certified award during the recent prestigious ITB Berlin travel trade show in Germany. This brings to eight, the total number of Sandals Resorts and Beaches Resorts across the Caribbean now boasting platinum certification. The award was presented by Earth Check, recognized as the leading scientific ...

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Digicel launches new affordable Android smartphone

Digicel is making the Android experience affordable and accessible to all with the launch of its own affordable smartphone. Dubbed the Digicel Smartphone DL600 and featuring a large 3.5 inch display, the latest version of the popular Android OS (Jellybean 4.1), a 1Ghz processor and an aesthetically appealing and fresh design, Digicel’s smartphone delivers superfast speeds. Fully loaded with a ...

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DONE DEAL: Police and government officially sign wage increase deal

The Government Negotiating Team (GNT) and the Police Welfare Association (PWA) officially signed a collective agreement for the triennium 2010-2013 on Friday, March 22, 2013 at the Training Division of the Ministry of Public Service. Chairman of the GNT Vern Gill expressed his satisfaction at the concluded negotiations with the Police Welfare Association, calling it a significant stride for Saint ...

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LIAT passengers say Ogle Airport would be more convenient for travel

GEORGETOWN, Guyana, March 26, 2013 – An in-flight Guyana Airport Preferences Survey conducted by LIAT has found that the Ogle Airport, located on the outskirts of Georgetown, would be more convenient to the majority of customers polled. LIAT’s Chief Executive Officer (CEO), Captain Ian Brunton announced the results of the survey as he addressed attendees at the Certification of the ...

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Digicel gives $150,000 in free credit to customers

Digicel the Bigger Better Network is giving back even more to customers by simply turning their Digicel handsets on. Simply get that Digicel SIM that has been inactive, place it in your Digicel handset, turn it on, and receive FREE credit from the Bigger, Better network! Digicel has kept its commitment to give back to its valued customers for the ...

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Taiwan pumps $9M into government coffers for ongoing and new projects

Prime Minister and Minister for Finance Dr. Kenny D. Anthony has expressed thanks to the government of the Republic of China (Taiwan) for its contribution of EC $9,058,765.09 (USD  $3,369,825.56) to the accountant general for new and ongoing projects. Proceeds of the cheque will be deposited in the Consolidated Fund. Speaking at the handing-over ceremony held in Tuesday, March 27, ...

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Guardsman and NWU schedule to meet

The management of Guardsman St. Lucia Ltd and officials from the National Workers Union (NWU) will meet on Tuesday, March 26, 2013 at the Department of Labour. The meeting, which will be undertaken by an official from the Department of Labour, will discuss a recognition claim submitted by the National Workers Union on behalf of the 70 guards two weeks ...

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Impasse between Sunshine Industries and employees thickens

A meeting scheduled by Minister of Education, Human Resource Development and Labour Dr. Robert Lewis  in an attempt to settle an industrial impasse between the management of Sunshine Industries Limited and the National Workers Union (NWU) on Thursday, March 21, 2013 failed to come off. The company and the union were summoned by the minister to attend a mediation meeting ...

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Digicel celebrates 10 great years!

St. Lucia’s largest telecommunications company, Digicel, will observe 10 years of operations this Sunday, March 24, 2013. Digicel blasted into the newly deregulated market with staggering offers so allowing every St. Lucian the opportunity to own a mobile phone and access affordable mobile calls – once a luxury only few could enjoy. When asked what they recall about Digicel’s market ...

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Visitor Channel celebrates eight years

The Saint Lucia Visitor Channel will officially turn eight years old this year and continues to focus on ways to fulfill it’s mandate within the ever changing tourism industry. From inception, the channel has embraced the critical nature of the industry to St. Lucia and the opportunities it presented to visitors on ways to maximize their holiday, as well as ...

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Government now accepts debit and credit card payments

Effective Wednesday, March 20, 2013 the public will be able to transact business with the Government of Saint Lucia through the use of credit and debit cards. This announcement was made by Prime Minister and Minister for Finance, Hon. Dr. Kenny D. Anthony at a ceremony held on Tuesday March 19, 2013 to launch of the Point of Sale (POS) ...

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Sunshine Industries lock out employees; labour minister intervenes

Minister of Education, Human Resource Development and Labour, Dr. Robert Lewis has summoned the management of Sunshine Industries Limited and officials from the National Workers Union (NWU) to a mediation meeting at the Department of Labour on Thursday, March 21, 2013. The meeting will commence from 2 p.m. and will discuss an industrial lock out of workers by the company.  ...

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NWU, G4S discuss future

A two-man delegation comprising Carleen Broome and Theresa Huntley from G4S Secure Services (St. Lucia) Ltd. and officials from the National Workers Union (NWU) met to discuss the future relationship of the security company and the union. The NWU won a recently held secret ballot poll which resulted in the union becoming the recognized agent for the said workers. The ...

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“Stop your anti-union behaviour or leave” – NWU tells Guardsman

The National Workers Union (NWU) has requested the intervention of the Department of Labour after receiving many complaints from workers employed with Guardsman. The NWU’s letter to the Department of Labour is accusing the company’s management of visiting many locations from which the company operates and informing staff of the danger in casting their votes for the NWU in a ...

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SLISBA awards goes ahead in spite of lukewarm corporate response

President of the St. Lucia Industrial and Small Business Association Flavia Cherry says the Excellence in Entrepreneurship Awards set for March 23 will take place against a background of worsening economic times and a shortfall in corporate support. So far, LUCELEC and the Bank of Nova Scotia are the two corporate entities responding positively to a call for sponsorship of ...

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LIAT introduces direct Dominica/San Juan service

ST. JOHN’S, Antigua – LIAT is pleased to announce the commencement of its direct Dominica/San Juan and San Juan/Dominica services effective April 4, 2013. LI 560 is scheduled to depart Dominica at 10:00 am daily; arriving San Juan at 11:55 am; while LI 565 is scheduled to depart San Juan at 3:00 pm daily for arrival into Dominica at 4:45 ...

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Digicel gives big to Facebook fans for its 10th anniversary

Digicel, The Bigger, Better Network for the month of March is celebrating its tenth year anniversary in grand style and is giving its social networking fans more reasons to celebrate and have some fun. Digicel Facebook St Lucia will select 10 fans to win the 10 wonderful prizes as part of the 10th anniversary giveaways. As the internet has taken ...

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IMF report on St. Lucia

Public Information Notice (PIN) No. 13/27: March 12, 2013 Public Information Notices (PINs) form part of the IMF’s efforts to promote transparency of the IMF’s views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of ...

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