Investment Never Looked Better

17 Nov 2017
COTED PARTICIPANTS DISCUSS THE ECONOMIC IMPACT OF CLIMACTIC EVENTS

CARICOM member states must seize the opportunity to help the countries that were devastated by the recent hurricanes to build back better and become the first climate-resilient nations in the world, said CARICOM Secretary-General, Ambassador Irwin LaRocque, during the opening of the 45th meeting of the Council for Trade and Economic Development (COTED) at the Marriott Hotel in Georgetown, Guyana.

The impact of the hurricanes wrought on some CARICOM member states and associate members have affected...

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13 Nov 2017
Saint Lucia joins movement to conserve bio-diversity

The International Union for the Conservation of Nature (IUCN) and the United Nations Environment Program (UN Environment) are increasing efforts to help Caribbean countries boost fair access to their genetic resources and equitable sharing of benefits derived.

The IUCN is the world’s largest and most diverse environmental union composed of both government and civil society organizations, working for a just world that values and conserves nature. Working through the Department of Sustainable Development...

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13 Nov 2017
MSMEs Benefit from Finance and Equity Symposium

As part of activities for Business Month, the Department of Commerce, International Trade, Investment, Enterprise Development, and Consumer Affairs held the third annual Finance and Equity Symposium, earlier this week.

The symposium targeted business owners and aspiring entrepreneurs of micro, small and medium enterprises (MSMEs) who were enlightened on the various equity and financing options available to them, especially given the constraints faced by MSMEs in accessing needed capital.

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10 Nov 2017
Secrets Maroma Beach Riviera Cancun is one of multiple leisure brands owned and operated by Apple Leisure GroupSecrets Maroma Beach Riviera Cancun is one of multiple leisure brands owned and operated by Apple Leisure Group
Two new luxury resort brands for Saint Lucia

(PRESS RELEASE) – Apple Leisure Group® (ALG) subsidiary AMResorts® today announced that the company will bring two of its luxury, all inclusive resort brands to St. Lucia.

These contracts mark the company’s entry into the island, and expand Apple Leisure Group’s rapidly growing resort management portfolio to its ninth country.

With 16 properties in the development pipeline, ALG will have more than 60 open resorts across Mexico, the Caribbean, Costa Rica and Panama by 2019.

“The ALG family of...

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03 Nov 2017
CARICOM, Mexico Discuss New Areas of Focus

CARICOM Heads of Government and Ministers of Foreign Affairs gathered in Belize on October 25th for the IV CARICOM-Mexico Summit. The summit was co-chaired by CARICOM Chairman, Prime Minister Dr. Keith Mitchell of Grenada, and the President of Mexico, His Excellency Enrique Peña Nieto.

The summit explored avenues to strengthen relations between CARICOM and Mexico through dialogue and cooperation, and explored opportunities to build upon the work undertaken from the three previous summits. Both sides...

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23 Oct 2017
CTO ranks Saint Lucia as second-fastest growing destination

Saint Lucia’s tourism sector continues to enjoy robust performance, recording the second fastest growth in the region among member countries of the Caribbean Tourism Organization (CTO).

Bermuda leads the member countries as at August with an 11.9 percent increase in stayover arrivals over 2016, followed by Saint Lucia at 9.2 percent. Saint Lucia also recorded the third highest percentage increase for the month of August at 11.4 percent, behind Belize at 19.1 percent, and Grenada at 16.9 percent.

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23 Oct 2017
OECS Signs US$6.3 Million Grant Agreement

The commitment to sustainable growth and resilience of the Caribbean’s Blue Economy has been further strengthened with the signing of a US $6.3 million grant agreement for the Caribbean Regional Oceanscape Project (CROP).

The agreement, signed during the World Bank’s Annual Meetings at its headquarters in Washington DC by Dr. Didacus Jules, Director General of the OECS Commission; and Ms. Tahseen Sayed Khan, World Bank Country Director for the Caribbean, will support Eastern Caribbean countries to...

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23 Oct 2017
CARIBBEAN REGION OFFERS PRIME LOCATION FOR BUSINESS PROCESS OUTSOURCING SERVICES

Bridgetown, BARBADOS, October 23, 2017.  The global market for Business Process Outsourcing (BPO) is currently valued at USD $1 trillion with cross-border outsourced services trade between countries estimated at US $88.9 billion per year in 2015. The Caribbean is carving out its niche within this global industry with the number of BPO operators and jobs growing exponentially.  One company that’s thrived since outsourcing to the Caribbean is the Dutch owned company Cimpress (Vistaprint). 

Vistaprint...

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13 Oct 2017
Marigot Bay Marigot Bay
SAINT LUCIA’S TOURISM SECTOR POISED FOR GROWTH AS THE ISLAND RECORDS AN INCREASE IN VISITOR ARRIVALS

Saint Lucia has recorded strong and steady growth in its tourism sector for 2017. Year to date Saint Lucia has recorded an increase of 94,432 visitor arrivals, representing 14.5 percent growth over 2016. Stay over arrivals as of August 2017 are up 9 percent, and cruise arrivals are 21 percent above the previous year.

The cruise sector has continued to show very strong growth and this is expected to significantly increase when construction is competed on a new berth at the end of the year. This...

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09 Oct 2017
some of the items ready to be shipped to Dominica some of the items ready to be shipped to Dominica
Invest Saint Lucia Donates to the Dominica Hurricane-Relief Drive

Invest Saint Lucia (ISL) has joined other government agencies and private sector entities throughout the Caribbean, that have come to the aid of hurricane-ravaged Dominica.

That island was struck by Hurricane Maria – a category 5 storm – on September 18th. The storm, which left death and destruction in its wake, has set Dominica back at least two decades.

Over the last three weeks, a number of neighbouring islands including Saint Lucia, have provided immeasurable support to the island, sending in...

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