Investment Never Looked Better

08 Aug 2016
The Government of Saint Lucia clears the air on the Framework Agreement with DSH

The Government of Saint Lucia has been alerted to the many comments, queries, concerns and expressed views that have been circulating in the media since the July 29th announcement of the proposed integrated development project of Desert Star Holdings. The Government welcomes any questions and scrutiny that naturally follows from such a potentially transformative project, which promises to significantly reduce unemployment levels, enhance the tourism, sporting and entertainment product, widen the...

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08 Aug 2016
Why the Caribbean is Drawing Investment from China

The following is an article penned by Dr. Johnny Hon, which gives his perspective on why the Caribbean is attractive to Chinese Investors. It was first published in the August 5th edition of Caribbean Journal. Dr. Johnny Hon is the founder and Chairman of Global Group, an angel investment and venture capital business that helps international businesses to grow with the benefit of Chinese investment and mentorship. He is also the Ambassador-at-Large for Grenada.

 

Why the Caribbean is so attractive to...

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04 Aug 2016
Saint Lucia:Inspiring Green Economy Transitions among SIDS and in the Caribbean Region

The Government of Saint Lucia has taken significant steps to ensure that the transition towards a green economy, in alignment with the 2030 Agenda for Sustainable Development, is a major focus of its national development strategy. Saint Lucia is a Small Island Developing State (SIDS) with limited human, natural, and institutional resource bases, however the country is overcoming these challenges with a concerted effort to green its tourism industry, diversify agriculture for food security, and transform...

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04 Aug 2016
Saint Lucia - one of ten Caribbean islands with the most US direct investments

Saint Lucia has been ranked sixth among Caribbean islands with the most US direct investments.

That's according to the annual Investment Climate Statements for 2016, released by the United States of America (USA) State Department.

This latest report shows the US direct foreign investments in nations globally, including the region. Saint Lucia, it stated, benefited from direct investments of US $230 million in 2015, an increase of 41.1 percent from 2014 for the island, which was ranked a little below...

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03 Aug 2016
CHTA Members look forward to the Caribbean Hospitality Industry Exchange Forum (CHIEF)

Anticipation is building for the second conference of the Caribbean Hospitality Industry Exchange Forum (CHIEF) slated for September 30 to October 2, 2016 at El Conquistador Resort, A Waldorf Astoria Resort, in Puerto Rico.

According to Karolin Troubetzkoy, President of the Caribbean Hotel and Tourism Association (CHTA), the tourism industry exchange is generating a healthy buzz which she believes is due to the success of last year's inaugural event, and also due to the need for focused dialogue around...

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29 Jul 2016
The Government of Saint Lucia Announces World Class Resort and Lifestyle Development Project

Castries, Saint Lucia, Friday July 29th 2016 - Saint Lucia will become home to one of the Caribbean's iconic resort and lifestyle developments after Prime Minister Hon. Allen Chastanet signed an agreement today to build the island nation's first and only international standard integrated development.

The 'Pearl of the Caribbean' is valued at over USD2.6 billion and occupies a 700-acre site to the south of the island. The project will comprise a marina, a racecourse, a resort and shopping mall complex,...

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28 Jul 2016
INVESTMENT PROMOTION AGENCIES RECEIVE RECOGNITION FROM UNCTAD

A number of regional and international investment promotion agencies were honoured at the 14th annual United Nations Conference on Trade and Development (UNCTAD) conference held in Nairobi, Kenya in July.

Special awards were presented to the Caribbean Association of Investment Promotion Agencies (CAIPA), the Kenya Investment Authority (KenInvest) and the World Association of Investment Promotion Agencies (WAIPA), for their contributions to investment promotion and facilitation at the national,...

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26 Jul 2016
Saint Lucia makes the top ten of the ‘Best Island in the Caribbean’ List

Saint Lucia has captured the ninth spot for "Best Island in the Caribbean" in this year's Travel and Leisure World's Best Awards listing.

In addition to this latest ranking, Saint Lucia earned the second place spot in US News and World Report as one of the "Best Places to Visit in the Caribbean" for 2016. In June, the island was voted third by Brides Magazine as the "Most Romantic Destination for Honeymoon Travelers." In February, Travel and Leisure named Saint Lucia (specifically the view of the...

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13 Jul 2016
Governor General of Saint LuciaGovernor General of Saint Lucia
NEW SESSION OF PARLIAMENT OPENS IN SAINT LUCIA

A new session of Parliament was opened Tuesday 12th July, with the official swearing-in of members of both the upper and lower houses, including two independent Senators.

The proceedings included the election of the Speaker of the House Mrs. Leon Theodore-John who had previously served as a senior member of the ruling United Workers Party (UWP) during the 2006-2011 period. The attorney was also a former President of the Senate (Upper House.).

Parliamentary Representative for Castries Central Mrs....

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12 Jul 2016
LOCAL MANUFACTURERS BENEFIT FROM DUTY FREE SALES

At least five local manufacturers have been provided with an outlet to retail their goods duty free. Thanks to the efforts of the Trade Export Promotion Agency (TEPA), gift and souvenir shop Sea Island Cotton, recently formed partnerships with the local manufacturers, stating that 'the products were found to be of international standard'.

Sea Island Cotton Shop will now carry the following products: coconut oil by Alirose; chocolate by Cocoa Sainte Lucie and Cocoa Caribe; and handmade soaps by Savon...

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