$100,000,000 investment planned for Jalousie

The Jalousie Plantation is to undergo a major transformation, thanks to a massive injection of capital and the creation of a team determined that this iconic resort will become a leading hotel of the world. Jalousie Plantation has been owned for the past three years by the Barnard family and Roger Myers, who founded and developed the successful “Café Rouge”

WIBDECO to Diversify

The Windward Islands Banana Development and Exporting Company Ltd. (WIBDECO) has officially announced its decision to diversify its product base and help in the diversification and modernization of the agricultural sector in the Windwards Islands. This announcement was made at a WIBDECO convened Press Conference in Dominica during last week.

05/07/08

WIBDECO Diversifies product Base

The Windward Islands Banana Development and exporting Company Ltd.,(WIBDECO) last week announced its decision to diversify its product base and help in the diversification and modernization of the agricultural sector in the Windward Islands. WIBDECO’s Chairman the Hon. Montgomery Daniel of St. Vincent and the Grenadines made the announcement,

CMMB Market WRAP

On the ECSE, shares of Cable & Wireless St Kitts & Nevis, ECFH, S L Horsford, LUCELEC and Trinidad Cement Limited traded, all holding firm on their respective previous market close prices. Also, the Government of St Vincent & the Grenadines’ 91-day, $16 million Treasury bill issue, was oversubscribed by more than EC$8M, resulting in a discount rate of 5.776 per cent.

SMALL BUSINESS CORNER

Hon. Rufus Bousquet, Minister for Trade, Industry, Commerce, Consumer Affairs & Investment met with President Hilton Jn Baptiste and Directors of the St. Lucia Industrial and Small Business Association (SLISBA) on Tuesday, 24/6/08 at his office. The delegation took the opportunity to update the Minister on the state of the relationship with his Ministry,

At ECFH- We Care

We Ensure Customers Are Really Everything- is the mantra behind a week of activities from July 6th-13th held by the East Caribbean Financial Holding Company Limited. Customers of ECFH and its subsidiaries i.e. Bank of Saint Lucia Limited, EC Global Insurance Company Ltd., Bank of Saint Lucia International Ltd. , Property Holding and Development Company,

CONSUMER CORNER

Between 1997 and 2001, the former SLP administration began a process to seek solutions to the Water Authority’s (WASA) problems. Within that time period, WASA was corporatized and became WASCO and the water rates were doubled. That didn’t work and three separate studies were done on the water sector in 2001 (studies which were never shared with the general public)

Financial Service Center Vulnerable to Money Laundering

St. Lucia’s financial service center is vulnerable to money laundering. So said the 2008 International Narcotics Control Strategy Report, which is an annual report by the Department of State of the United States of America. The report calls on the Government of St. Lucia to criminalize the financing of terrorism and enhance and implement,