PM responds to sellout claims

PM responds to sellout claims

Prime Minister, Allen Chastanet, has described as ‘complete rubbish’, claims that cash-strapped Saint Lucia is selling out to foreign investors.

“If I am a person who has wealth outside of Saint Lucia and I am looking to invest that money somewhere, I wan to get the best potential return I have,” Chastanet explained to reporters on Monday.

He suggested that an investor looks to get the biggest return from the least risk.

According to Chastanet, Saint Lucia is competing against a number of other places in the world to attract funds.

“The great thing that has happened is that given  the instability that is taking place in the Middle East right now, there are investors who consider the Caribbean a safe haven and maybe don’t want as high a return that they potentially could have got,” he stated.

Chastanet said this means that Saint Lucia is competing within the region for foreign investment.

“It is for us to determine which investment we want or not,” he declared.

He asserted that ultimately, with unemployment locally running at some seventeen percent, the priority for his administration is investment that will generate jobs.

Chastanet recalled having repeatedly stated his belief that the one added value which this country has and on which the focus should be put is labour.

“So if we want to see the greatest retention of funds in Saint Lucia, it is by getting higher wage rates,” he observed.

However, Chastanet said that the productivity level in Saint Lucia is inadequate.

“So are hearing it repeatedly – we are hearing it from business people, you have heard it from Royalton, you have heard it from other investors here and the former Chairman of the Productivity Council – Mr.  Rayneau Gajadhar, indicating that perhaps we should be importing more labour from outside,” he said.

“How do we get our labour force to be more productive? It’s education – we have to do a better job of training our work force in terms of making them substantially more competitive,” Chastanet said.

 

 

 

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30 Comments

  1. smh
    April 4, 2017 at 3:59 pm Reply

    Why do you waste your time responding to propaganda from our fellow illiterates? This isn’t the answers we seek. You are not a guard dog, this is why you have guard Joseph.

    What we want to know is why are we going so cheap! If investors are so interested in our gem, at least add value to it.

    1. Anonymous
      April 4, 2017 at 4:15 pm Reply

      Cheap? What’s going for so cheap?

      1. Anonymous
        April 5, 2017 at 9:15 am Reply

        Lowering the entrance fee ($100K US) for our CIP to be the lowest in the Windwards islands. $1 US per year lease for an acre of land in Viuex Fort

        1. Anonymous
          April 8, 2017 at 12:27 pm Reply

          Why will someone buy a passport at a higher price when they have the same function? The $1 per year is for lands DSH doesn’t own but will be used by the guests of their hotels

        2. Anonymous
          April 8, 2017 at 12:45 pm Reply

          Are you one of these SLP echo? Dominica is at the same rate. yes we reduced to the Dominica rate. This was done becuase an investor can get citizenship through CIP in Dominica and because of the free movement or person in the OECS (including the Windward Islands) that investor can come to settle in St Lucia to invest. So all the investors can get citizenship thought CIP in Dominica and come to St Lucia. For the much needed employment in VFort The government should have lease the land for $0.50 US per year. The land has been there forever and was not made use of. Don’t sound like a scratched record.

          1. Anonymous
            April 10, 2017 at 9:42 am

            So why is the St.Kitts CIP entrance fee $290K US, Antigua is 250k US. Are they now affected by the same Dominica situation like us? Is Saint Lucia citizenship worth less than Antiguan and Kittian citizenship? The land lease agreement being 1US per year for 99 years is cheap and attractive to investors. Why was the same deal not offered to local business persons? You say it’s for employment and yes it will bring employment if the DSH porject is successful. But what kind of employment and how much jobs will offered to locals. If we are giving them such a great deal why can’t we stipulate some local employment qoutas, lets say 80 % of your staff must be local. And do you think we be getting the high paying positons like General manager or HR manager no the same low paying positions like bus boys and waiters. It says in the agreement the investor chooses who they hire with the own discretion. So if the investors wants he/she can hired no locals at all for their investment. So this is why “we are going for so cheap”. It’s an irrefutable fact, just stating the obvious it has nothing to do with politics. Now going cheap can work but at least if make sure we get some benefit(local emploment quotas) from it.

  2. 666
    April 4, 2017 at 4:21 pm Reply

    So what will you be doing to educate and train the workforce? Don’t just say it…do it!

  3. SAC SEL
    April 4, 2017 at 4:21 pm Reply

    Guy Joseph said you must take risk. Now PM Chastanet Says biggest returns for the least risk. My people our country is at risk, if we not hearing we will fell it soon

    1. Anonymous
      April 8, 2017 at 12:55 pm Reply

      You don’t understand. Typical Labar. Let me educate you a bit.

      “A ship is always safe at the shore – but that is NOT what it is built for.”
      ― Albert Einstein
      “But he’d learned long ago that a life lived without risks pretty much wasn’t worth living. Life rewarded courage, even when that first step was taken neck-deep in fear.”
      ― Tamera Alexander, Within My Heart

      That is what Guy Joseph was talking about.
      (Word deleted)

      Now the PM is refering to someone making an investment would settle on the country which has the least risk for their business.

      read again

  4. Anonymous
    April 4, 2017 at 5:09 pm Reply

    that iis good

  5. Anonymous
    April 4, 2017 at 5:47 pm Reply

    Sir Derek Walcott said;

    I watched the doomed acres
    where yet another luxury hotel will be built
    with ordinary people fenced out. The new makers
    of our history profit without guilt
    and are, in fact, prophets of a policy
    that will make the island a mall, and the breakers
    grin like waiters, like taxi drivers, these new plantations
    by the sea; a slavery without chains, with no blood spilt—
    just chain-link fences and signs, the new degradations

  6. Calvin
    April 4, 2017 at 6:40 pm Reply

    The PM has, either inentionally or unintentionally captured the state of play.

    Oh, where to start with is remarks:

    — “If I am a person who has wealth outside of Saint Lucia and I am looking to invest that money somewhere, I wan to get the best potential return I have,” It is seemingly a slippery slope, given circulating speculation for him to speak in the first-person conditional tense. It further breeds suspicion. It is unclear why he would not speak in the third persson tense. His first-person use of speech in this response might indicate either a sensitivity or defensiveness beyondd what is publicly known.

    — “It is for us to determine which investment we want or not,”. Uhmm,, factually speaking, no. Gven the tenuous fiscal position of our nation, colloquially stated, “beggars can’t be chosers, and we’re at the stage of begging in advance of signifacnt concessions that we will have to undertake under the guidance of the IMF.

    — “He asserted that ultimately, with unemployment locally running at some seventeen percent, the priority for his administration is investment that will generate jobs.” It would be very interest, in the interest of both governance and transparency to disclose the metrics used for detrmination of this percentage, that is, what and what is not being included. One might safely choose to bet that, realistically, our nation’s rate of unemployment is closer to 40% +/-. Should you question this, you can contact your elected official of the PM’s office directly. If you have a few minutes while you;re sitting in traffic idking, most all the numbers are available at http://www.govt.lc/directory

    —“Chastanet recalled having repeatedly stated his belief that the one added value which this country has and on which the focus should be put is labour.” Uhmm, wrong. Present and past government have neglected enabling the development of the tremendous intellectual horsepower in our young. We used to be known across the OECD as top performers in our exam results. That’s no longer the case. And that’s so very sad for St. Lucians of all ages. The present financials of the development of megadollar projects on the island necessarily requires the import of talent, spanning all stages from design through to construction through to operations and maintenance. That’s the way it’s been and will be in the forseeable future, The talent from blue colllar to white collar is generally imported,save and except for the token “joe-jobs” which primarly involve either cleaning oe heavy lifting. This comment is made not in a bitter or resigned way, it is simply a comment on the stark reality in which our nation finds itself, and no amount of white-washing (no punt intended) by the PM will change some people’s recognition of that in the here-and-now.

    — “It’s education – we have to do a better job of training our work force in terms of making them substantially more competitive,…” Yes, thank you for staing the obvious. Should the PM believe that to be the case, there appears to be an alrmingly void space between what the government says and what they do in this regard. To wit, what hard-core, *concrete* commitment and results-based, measurable initatives have been announced by this government to underpin the PM’s aforementioned remarks? Perhaps many of us missed that non-existent press release.

  7. Anonymous
    April 4, 2017 at 7:20 pm Reply

    St lucians are jokers they heard five point plan, they heard money in our pocket, they heard no vat so they vote for the white irish capitalist crook black people will never get to know themself until their back against the wall Chastanet and his bunch of baboons and poodles have to go to oblivion and the gates of hell

    1. Calvin
      April 4, 2017 at 8:23 pm Reply

      Outrageous racist statements do not have a place in a rational discussion of this particular issue.

      The fact of the matter is, Anonymous, they both unnecessarily distract for the issue at hand, and only show to the global stage that is the Internet (more truly, the “Infinet”) some St. Lucians to be sadly crude and deserving of the “dumb savages” stereotype that is perpetuated by such remarks.

      When your Mom or Dad read your comments, as they tuck you into bed they will carefully explain this to you.

      One can only assume that you are in grade school and are sneaking your Dad’s or Mom’s smartphone to make that posting.

      Don’t worry, you’re still young and uniformed in many of the ways of the world, that’s what elementary school is for.

      God bless and all the best in your final exams and not having to repeat 4th Form.

  8. Anonymous
    April 4, 2017 at 8:34 pm Reply

    kenny the son of a slave master was worse

    1. Trouble
      April 5, 2017 at 1:29 pm Reply

      Worse in What A H

      1. Anonymous
        April 8, 2017 at 12:58 pm Reply

        The biggest crook. The biggest exploiter of the poor and unlearned.

  9. Anonymous
    April 4, 2017 at 9:47 pm Reply

    you say we need o educate the workforce and you want to cut back teachers.

  10. Anonymous
    April 4, 2017 at 11:07 pm Reply

    sadly, there will always be low productivity, cause they dont want to pay a fare days work, the want cheap labor, so guys will always want to run to the outside world, we have to take care of our own. we have to treat our people better, the wages payed by some of those companies is minimal, cost of living is high but salaries are low, most families cant afford food on the wage they receive, hence its easier to beg a dollar than to earn it. t increase productivity we need to improve on the wages paid. lets try that for a start.

    1. Anonymous
      April 5, 2017 at 9:24 am Reply

      Indeed, many prominent business owners( Rayneau Gajadhar)always complaining about productivity of staff. Maybe if you paid people what their worth, some persons are doing 3 or 4 persons job at once and are paid for one position. And yes there are some lazy persons, this can easily rectified by firing those who do not pull their weight. Why is that lucians working overseas are always some of companies top performers and yet companies are complaining about productivity here? WAGES!!!

  11. Fair Play
    April 5, 2017 at 12:17 pm Reply

    What a comic from SLP. When Kenny spoke about 100 million in jobs SLP supporters were over joyed, maybe other St. Lucians too and bam SLP won in 2011.

    So where would 100 million in jobs come from. Can the few St. Lucian business men and investors, many of whom are cautious or cheapos satisfy that? Obviously foreign business and investment would be needed and so inviting and incorporating foreign business into St. Lucia would be the answer.

    Today isnt Chastanet seeking that same foreign investment? But since SLP not in power their supporters vex and say chastanet selling out.

    Let me suggest apart from Roachmel the mother of all sell outs to foreigners todate was kenny to Grynberg and the fall out is there for all to see. Helen still is paying through her backside for that.

  12. Jacques Boucle
    April 5, 2017 at 1:40 pm Reply

    Sad to say, the PM does not have an economic agenda. CIP is not a coherent economic agenda. It is a band-aid solution. It is a race to the bottom. Once again, we are competing with others to reach the bottom.

    1. Anonymous
      April 8, 2017 at 1:00 pm Reply

      CIP is international. Let us make use of it with due diligence. We are a safe haven.
      war wrong wit that?

  13. Jacques Boucle
    April 5, 2017 at 2:32 pm Reply

    “If I am a person who has wealth outside of Saint Lucia and I am looking to invest that money somewhere, I want to get the best potential return I have,” Chastanet explained to reporters on Monday.

    Your argument Mr. Prime Minister is based on a false premise. People like firms are risk averse, which means that they demand compensation for bearing the risk. Without compensation, firms will invest less, and so there will be less growth. Therefore, people with money do not like to invest their money; they like to use other people’s money like you giving money to the Chineses to invest in your bogus plan.

    1. Anonymous
      April 8, 2017 at 4:33 pm Reply

      This is nonsense. If the investment is in or country, it must benefit the people. Hence Land and other concessions are given. what business we have had in ST Lucia and the investor did not put their money?
      Be informed that Mr. Teo Khing from DSH intention was to build only a race track in St Lucia. It was Kenny who asked him to build a Marina and hotel and he would help him financially. Hence Teo Khing is only fully financing the race track only.

    2. Cindy
      April 10, 2017 at 9:00 am Reply

      Well written ad factual!

  14. Anonymous
    April 5, 2017 at 7:43 pm Reply

    Can’t wait for next election to vote for Labour

  15. Anonymous
    April 8, 2017 at 1:09 pm Reply

    Are you that daft! Clueless! Wow! We reall6 in trouble! Asiay!!

  16. Cindy
    April 10, 2017 at 8:59 am Reply

    Mr. Chastenent needs to ask himself if he is working in the best interest of these investors, or the best interest of the country, where infact his duty lies. I am so tired of these politicians thinking that in this day and age there are still as many citizens in St. Lucia who lack knowledge than what used to be. Sigh

    “So are hearing it repeatedly – we are hearing it from business people, you have heard it from Royalton, you have heard it from other investors here and the former Chairman of the Productivity Council – Mr. Rayneau Gajadhar, indicating that perhaps we should be importing more labour from outside,” he said.
    THERE IS INTENT IN THIS STATEMENT. WHO ARE YOU SERVING MR. PRIME MINISTER? CRAZY CRAZY HEADS IN OUR SOCIETY

  17. ENQUIRING MIND.
    April 10, 2017 at 10:18 am Reply

    THE QUESTION NO ONE IS ASKING WHY DID THE SLP WHEN IN POWERE AND HAD THE DSH AGREEMENT IN THEIR POSSESSION DO SOMETHING ABOUT IT IN EIGHTEEN MONTHS. WE SHOULD NOT HAVE BEEN IN THIS SITUATION AT THIS JUNCTURE. WE WERE NEVER TOLD ABOUT IT BY THEM SECRET,SECRET. HOW MANY MEETING DID THEY HAVE WITH THE INVESTORS, ANY CORRESPONDENCE WIT THE INVESTOR ABOUT THE HORRIBLE CLAUSES, THE ANSWERE IN NO, BUT NOW THEY ARE HAVING TOWN HALLS AFTER THE FACT. SUSPICIOUS, EN. WE KNOW THE REASON WHY THEY SHELVED IT BECAUSE THEIR BLUE EYE BOY HAD HIS OWN PROJECT FROM ENGLAND, WHAT IS MORE INTRIGUING IS THAT HE WAS THE CHAIRMAN OF THE DSH COMMITTEE. DEAD ON ARRIVAL. LETTER OF COMFORT IN THE ABSENCE OF ANY PROPOSAL FROM THE INVESTOR WAS GIVEN ALL HE HAD TO DO WAS TO COPY AND PASTE ON HIS LETTER HEAD THE RETURNED FOR A SECOND SIGNATURE. IN FACT KENNY IN THAT LETTER SOUNDED LIKE THE INVESTOR AS WELL. THE LETTER HAD THREE COMPONENTS, THE FIRST PARAGRAPH WAS THE INVESTORS PROPOSAL, SECOND PARAGRAPH WAS KENNY’S GIFT OF 1000 ACRES , AND OTHER TAXES ETC. AND THIRD PARAGRAPH FOR THE TWO SIGNATURES. VERY SMART. HIS BLUE EYE BOY STAYED IN ENGLAND FOR THREE YEARS AND ALL HE GOT WAS A CHEQUE FOR THE POOR PEOPLE AT VIEUX FORT. GREAT NEWS PRESS AND ALL. ALL HE DID WAS A GREAT ENTERTAINING.BROUGHT HIS BOSS UPTHERE TO MEET THE WHITE BOYS LIKE HIM. BY THE WAY HAS ANYONG GOOGLED THE INVESTOR OF THE LETTER OF COMFORT , ANDY TRACK RECORD ANYONE. LET US FIND OUT.

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