Economy

PM Says Resumption Of Commercial Flights Was No ‘Easy Decision’

Prime Minister Allen Chastanet says balancing health security and economic activity has been the most challenging decision he has had to make as prime minister. Chastanet made the comments in a post on his official Facebook page Friday. It was one...

Demand increases for Saint Lucian sea moss

Press Release: Due to the rising popularity of sea moss on the international markets, Saint Lucia is experiencing an increase in demand. Following a meeting held with sea moss farmers from the community of Aupicon, officials from the Ministry of...

Government To Present Economic Recovery And Resilience Plan On Sunday

Press Release:- On Sunday July 12th at 8:00 PM the Government of Saint Lucia will present the Economic Recovery and Resilience Plan for Saint Lucia. Prime Minister and Minister for Finance, Economic Growth, Job Creation, External Affairs and the Public Service,...

NIC Economic Relief Programme Extended Until September 30

Prime Minister Allen Chastanet has announced the extension of the NIC Economic Relief Programme for three more months until September 30th. The announcement was made in a post on his official Facebook page: We know that there have been some challenges...

Senator Augier Wants NIC Economic Relief Payments Expedited

Independent Senator Adrian Augier has asserted that the pace of National Insurance Corporation (NIC)  payments under its Economic Relief Programme (ERP) is not ‘fast enough’. Augier told reporters Wednesday that according to an announcement he heard on the radio, the...

“Love Saint Lucia” Campaign to be Launched

Office of the Prime Minister: Castries, June 25th, 2020 - The Ministry of Commerce, International Trade, Investment, Enterprise Development and Consumer Affairs, in collaboration with other public and private sector partners will be officially launching its rebranded Buy Local...

LPG Prices Increase, Gasoline, Diesel And Kerosene Unchanged

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 LPG 20, 22 and 100 lb cylinders has changed. ...

Government Urged To Lead By Example In ‘Buy Local’ Drive

The government of Saint Lucia has to lead by example in supporting local goods and services. So says Minister for Commerce, Industry, Investment, Enterprise Development and Consumer Affairs, Bradley Felix. "Government has to be one of the people leading by example,"...

Saint Lucia’s Economic Recovery & Resilience Plan Ready For Implementation

Government will soon formally launch Saint Lucia’s Economic Recovery and Resilience plan designed to stimulate overall economic activity. The plan is borne out of an aggressive and engaging multi-faceted stakeholder process, encompassing public and private participation including representation from trade...

Barbados Minister Explains Reason For Chicken Wing Ban

Minister of Small Business, Entrepreneurship and Commerce, Dwight Sutherland, is maintaining that the decision taken by Government to institute a two-month ban on the importation of chicken wings during the COVID-19 pandemic was the right call. He gave a detailed...

Saint Lucia Anticipates Entry Of Approved Commercial Flights In Coming Weeks

Press Release:- The Department of Health and Wellness continues to play an integral role in protecting the well-being of our citizens. One of the key actions taken at the commencement of in-country cases of COVID-19 was the closure of our national...

Sir Hilary Urges Britain To Implement Lewis Development Model For Caribbean

Chairman of the CARICOM Reparations Commission and Vice Chancellor of the University of the West Indies (UWI) Sir Hilary Beckles, has once again called on Britain to come back to the table to discuss reparatory justice for the Caribbean...

Prime Minister Presents Budget Address On Tuesday

Press Release:- The Government of Saint Lucia continues to work on building a new and stronger Saint Lucia and the Prime Minister and Minister for Finance, Economic Growth, Job Creation, External Affairs and the Public Service, Honourable Allen M. Chastanet,...

SLHTA President Concerned About ‘Precarious’ State Of Tourism

In a letter to Prime Minister Allen Chastanet, SLHTA President Karolin Troubetzkoy says that the recent mass redundancy announcements by two of Saint Lucia’s major hotels have sent shock waves through the industry and are a stark reminder of...

Government Announces Decrease In Prices For Diesel, LPG

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 diesel, LPG 20, 22 and 100 lb cylinders has...

UK Aid To Boost Caribbean Trade

Press Release:- A plan of action to support trade in several Caribbean states was launched last week. The newly announced UK Trade Partnerships Programme will help CARIFORUM states to maximise the benefits of their Economic Partnership Agreement (EPA) and increase...

COVID-19 Update: Reopening Of Saint Lucia’s Borders

Press Release:- As of June 1, 2020 the World Health Organization reported a total of 6, 057, 853 confirmed cases of COVID-19 globally, with 371,166 deaths. There are now 2, 817, 232 confirmed cases in the region of the Americas. The...

Saint Lucia Prepares For Reopening Of Borders

Press Release:-  As May 28, 2020, the World Health Organization has recorded a total of 5, 593, 631 cases and 353, 334 deaths. Within the region of the Americas a total of 2, 556, 479 cases have been documented. On...

Economic Reckoning During The COVID 19 Pandemic

By David Jordan, Chairman FRIEETAD in the OECS Inc. I grew up in an interesting era, of the 70’s and 80’s which caused my early conscientisation. That era nurtured our thinking not to embrace Tourism, for several reasons including that...

Bahamas Denies ‘Running Out Of Money’

NASSAU, Bahamas (CMC)— The Bahamas government Tuesday described as “false”, reports that it is “running out of money” and that the local currency is under threat of being devalued. “Our economy has not survived and thrived for so long because...

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St. Lucia Welcomes First International Commercial Flight Since Borders Reopen
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