Economy

Saint Lucians To Pay More For Kerosene, Diesel & LPG – Gasoline Price Unchanged

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 diesel, kerosene,...

CARICOM SG Says Region’s Agriculture Potential Can Aid Economic Recovery

Caribbean Community (CARICOM) Secretary-General, Dr. Carla Barnett said agriculture has the potential to aid in economic recovery throughout the region, and push socio-economic development. She made the statement during the ceremonial launch...

European Investment Bank Announces New Support For COVID-19 Impacted Saint Lucia Businesses

The European Investment Bank (EIB) and the Saint Lucia Development Bank (SLDB) are partnering to deliver XCF 13.5m (USD 5m) in financing for Covid-impacted businesses. The funding will provide micro, small and...

CHTA Urges Region To Prepare For Projected Growth In Tourism Employment

As the tourism sector rebounds strongly from the near shutdown caused by the COVID-19 pandemic, the Caribbean Hotel and Tourism Association (CHTA) is calling on the region’s “bread and butter” industry...

WATCH: Saint Lucia Underscores Economic Impact Of ARC Events

Saint Lucia has underscored the economic impact on the Island of Atlantic Rally for Cruisers (ARC) events, with data indicating that spending here during two recent races amounted to over five...

UN Meets To Help Reverse ‘Precipitous Drop’ In Tourism

As part of the “long journey” to recover from the ravages of COVID-19, UN General Assembly President Abdulla Shahid highlighted on Wednesday the need to build a more sustainable, resilient, and...

FAO Food Price Index Eases In April

World food commodity prices decreased in April after a large jump the previous month, led by modest declines in the prices of vegetable oils and cereals, the Food and Agriculture Organization...

Region Must Strengthen Productive Capacity

Minister of State in the Ministry of Foreign Trade, Sandra Husbands, has emphasised the importance of Caribbean countries strengthening their productive capacities. Ms. Husbands stressed this point on Thursday evening as she...

Ukraine Conflict A Threat To CARICOM’s COVID-19 Recovery

Caribbean Community (CARICOM) Secretary-General Dr. Carla Barnett has called attention to the Ukraine conflict's impact on the Region's recovery from the COVID-19 pandemic. Barnett was addressing a May 3rd meeting in Panama. It...

Chastanet Suggests Government Use CIP Revenue For Cost Of Living Relief

Opposition leader Allen Chastanet has again called out the Saint Lucia Labour Party (SLP) government over cost of living relief measures, suggesting that the Philip J. Pierre administration use Citizenship by...

Government Continues To Experience Revenue Shortfalls On Fuel Subsidies

Despite the 8.5% inflation rate, the largest in forty (40) years which is being experienced by the United States, Saint Lucia’s largest trading partner, the COVID-19 pandemic, and the Ukraine- Russia...

Chastanet Criticises ‘Heartless’ SLP Over Its Economic Policies

Asserting that his United Workers Party (UWP) administration left a proven track record, opposition leader Allen Chastanet has taken the Saint Lucia Labour Party (SLP) to task over its economic policies. On...

WUSC Caribbean Promotes Climate-Resilient Agriculture

WUSC Caribbean, under its Sustainable Agriculture in the Caribbean (SAC) Project has introduced a new ‘FarmHER’ interview series, which aims to promote and strengthen climate-resilient agriculture in the Caribbean. The introduction of the FarmHER...

Chastanet Responds To Latest Hikes In Fuel Prices

Opposition leader Allen Chastanet has responded to the latest hikes in kerosene, diesel, and LPG prices. "The SLP Administration has increased fuel prices yet again. What is most disheartening is that the...

Saint Lucians To Pay More For Kerosene, Diesel & LPG

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 diesel, kerosene,...

Saint Lucia Engages In High-Level Sustainable Cruise Development Forum

Continued efforts towards the sustainable revitalization of Saint Lucia’s cruise tourism economy are ongoing at Seatrade Cruise Global from April 25th - 28th 2022, at the Miami Beach Conference Center, in...

Pierre: Youth Economy First Step In Transforming Saint Lucia Economy

Prime Minister Philip J. Pierre has declared that the Youth Economy is the first step in transforming the Saint Lucia economy, driven by technology, innovation, and entrepreneurship. In his budget policy statement...

Tourism: Chastanet Warns Of Impending Tourism Challenges

Opposition leader Allen Chastanet has warned that Saint Lucia's important tourism industry will face a challenging summer and fall. "We don't know what is going to happen with tourism. I can say...

To St. Lucians Concerned About High Prices At Massey Stores – Here’s Your Solution

(Contributed article by Mervin Mitchel) Yes, prices are indeed sky rocketing around the world and numerous countries are experiencing either hyperinflation or some other form of economic instability. It is not unique...

Pierre To Table Appropriations Bill 2022-23

The Prime Minister and Minister for Finance, Economic Development, and the Youth Economy, Hon. Philip J. Pierre will table the Appropriations Bill 2022/23 in the House of Assembly on Tuesday, April...

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