Economy

PM Says Saint Lucia One Step Closer To Reducing Food Import Bill

Saint Lucia is one step closer to securing its food production and reducing its food import bill, Prime Minister Allen Chastanet has announced. In a post on his official Facebook page, the Prime Minister  recalled that  in his 2019-2020 budget...

Pierre Says Rastafarians Must Benefit From Any Cannabis Industry

Saint Lucia’s opposition leader Philip J. Pierre has told an audience of Saint Lucians living in the United States that Rastafarians have to benefit from any cannabis industry that is established in Saint Lucia. "We believe that these people have...

Fedee Says Strength Of The Caribbean Travel Brand Must Be Leveraged

Saint Lucia's Tourism Minister Dominic Fedee believes that the region must now leverage the strength of the Caribbean brand, asserting that it remains one of the strongest travel brands in the world, but perhaps the most neglected. Fedee spoke during...

September Records Biggest Increase In Visitor Arrivals To Date

Press Release:-  The sun-drenched and events-filled Caribbean destination of Saint Lucia continues to grab headlines, as its diverse tourism offerings keep resonating with audiences far and wide. Already basking in seven record-breaking months of increases for 2019, the month of September has gone down as an...

Saint Lucia Government Looks To ‘Orange Economy’

Press Release:- The Government of Saint Lucia has placed culture and creative industries as one of the top ten priorities for development. The new term being used to define culture and creative industries is the orange economy. Minister responsible for Culture...

Saint Lucia Gets Set To Host Richest Race In The Caribbean

Saint Lucia is getting set to host what has been dubbed ' the richest race in the Caribbean', with a grand prize for the main event set at USD$150,000.00. Prime Minister Allen Chastanet has announced that the goal of the...

Saint Lucia Preparing To Host First International Horse Race

Press Release:-  Saint Lucia is preparing to host its first international horse race in the town of Vieux Fort, following the arrival of 40 thoroughbred horses to the island. The race track, managed by the Royal Saint Lucia Turf Club,...

PM Leads Discussion On Correspondent Banking At Washington Times

Press Release:- Prime Minister of Saint Lucia and Chairman of the Caribbean Community (CARICOM), Honourable Allen Chastanet, was the featured speaker at The Washington Times on Wednesday, October 16, 2019. The Washington Times is a U.S. daily newspaper published in...

Price Decreases Announced For LPG, Hikes For Gasoline And Diesel

Press Release:- 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 gasoline, diesel, LPG 20, 22 and 100 lb cylinders has changed. The retail price of...

Saint Lucia Prepares for FCCA 2019

Press Release:- Destination Saint Lucia is looking to strategically position itself and highlight its many offerings as tourism industry representatives meet to participate in the much-anticipated Florida Caribbean Cruise Association (FCCA) Conference in neighboring Puerto Rico. Carded for October 21-25, the...

Saint Lucia Records Best August Ever

Press Release:- The latest performance report for Saint Lucia is in and the record breaking streak in visitor arrivals to the acclaimed destination continues. According to the Saint Lucia Tourism Authority (SLTA), the island can now boast that seven out of...

EC Dollar Remains Strong

The Eastern Caribbean dollar remained strong with the backing ratio of 99.3 per cent and the international reserves at EC$4.4b as of 4 October 2019. That's according to the communique issued after the 94th Meeting of the Monetary Council of...

ECCU to launch digital currency project

The Digital Currency Pilot Project within the Eastern Caribbean Currency Union is inching closer to becoming a reality. The DXCD Caribe project as it being called, was launched in March of 2019 and seeks to reduce cash usage within the...

Saint Lucia Urges Regional Approach To Reducing Food Import Bill

Saint Lucia's Agriculture Minister is advocating a regional approach and the embrace of new technology in agriculture as means to reduce the cost of food imports. " We have to embrace the technology and begin to make the necessary changes...

Government considers development of sea port facility in Vieux Fort

Press Release: The Government of Saint Lucia and MSC Cruises are in discussions on the development of a port facility in the south of the island. Prime Minister Hon. Allen Chastanet revealed that successful talks have been held with the...

Saint Lucia Named Among World’s 10 Most Beautiful Islands

Saint Lucia has made CNN Travel's list of the world's ten most beautiful Islands. In an article Monday, CNN named Saint Lucia after Milos Greece),Bartolome (Ecuador),and Fregate(Seychelles). "Bright-painted houses are strewn like confetti across St. Lucia's steeply pitched slopes, which veer...

Tourism Industry To Adopt New Action Plan

Press Release:- by Anicia Antoine, GIS The Ministry of Tourism in collaboration with The Travel Foundation have officially launched the ‘Low Carbon and Resource Efficient Action Plan’ for Saint Lucia. The action plan focuses mainly on energy and waste and includes...

More Record Growth For Saint Lucia Tourism

Press Release:- Castries, September 19, 2019– The trendy and highly sort after Caribbean destination of Saint Lucia continues to bask in news of more record growth for the island’s leading economic driver, the tourism industry. According to the latest figures released to...

Agriculture Minister Concerned About Banana Exports

By Amanda-Faye Clarke, Ministry of Agriculture Amidst ongoing cooperation from the Government of Taiwan to sustain growth within the agriculture sector, Minister for Agriculture, Hon. Ezechiel Joseph said efforts by the ministry to improve the international market share for bananas...

PM Supports Conversion Of Debt Into Investment In Resilience

Prime Minister Allen Chastanet has voiced support for the conversion of debt into investment in resilience, in cases like the Bahamas. The Bahamas was recently devastated by the passage of Hurricane Dorian. United Nations Secretary–General António Guterres  who visited the hurricane-ravaged country last...

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