In the competitive landscape of foreign direct investment (FDI), Saint Lucia and other Caribbean nations offer substantial tax concessions to attract investors. These incentives include VAT relief on building materials, income tax exemptions, property tax waivers, and customs duty exemptions on imports. Such measures are part of a broader strategy to stimulate economic growth and job creation. However, the International Monetary Fund (IMF) has raised concerns about the sustainability of these incentives, noting that the cost per job in the formal sector can be as high as $2,500. Research also indicates that some countries forfeit up to 16% of their annual GDP through tax incentives, with limited tangible benefits. Despite these criticisms, proponents argue that without such incentives, investment and job creation would stagnate. To address these challenges, the Regulated Substance Authority (RSA) and other stakeholders are focusing on sector-specific incentives that prioritize corporate social responsibility, environmental protection, and compliance with national and international laws. Additionally, efforts are underway to improve the ease of doing business in Saint Lucia, addressing issues such as limited access to financing, weak insolvency mechanisms, and high energy costs. The RSA is also working to integrate traditional communities, such as the Rastafari, into the burgeoning cannabis industry, ensuring that development does not displace local stakeholders. The consultative process undertaken by the RSA serves as a model for broader legislative and policy initiatives, emphasizing public engagement and transparency. As Saint Lucia navigates the complexities of FDI, balancing economic growth with sustainable development remains a critical challenge.
分类： business
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Blue Ocean Dredging Equipment En Route to Antigua
In a significant move to bolster coastal resilience and infrastructure development, Antigua and Barbuda has acquired a state-of-the-art dredging excavator and barge. Prime Minister Gaston Browne confirmed that the equipment, purchased by the government for Blue Ocean, has been disassembled and shipped from the Port of Holland to Antigua and Barbuda. This acquisition positions the government as the majority shareholder in Blue Ocean, marking a strategic investment in the nation’s future. The heavy-duty machinery is set to play a pivotal role in dredging, beach replenishment, and land reclamation projects, which are essential for mitigating coastal erosion and enhancing environmental sustainability. The initiative underscores the government’s commitment to safeguarding the nation’s coastline and fostering long-term economic growth. Additionally, the government has emphasized the importance of such infrastructure projects in attracting tourism and supporting local industries. The move is part of a broader strategy to strengthen Antigua and Barbuda’s resilience against climate change and natural disasters, ensuring a sustainable future for its citizens.
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Government Moves Forward with New Port in Barbuda for Trade and Tourism
The government of Antigua and Barbuda has announced significant progress in its plans to construct a new port in Barbuda, aiming to enhance the island’s trade and tourism sectors. During a post-Cabinet press briefing on Thursday, Maurice Merchant, the Director General of Communications, revealed that a potential site for the port has been identified after extensive discussions. Merchant emphasized the necessity of the project, stating, ‘There is a clear need for a new port in Barbuda to improve trade and tourism, particularly for the docking of yachts and other vessels.’ Senior government officials recently visited the proposed site to evaluate its suitability, with a comprehensive report expected shortly. The new port is expected to bolster Barbuda’s rapidly growing tourism industry, which has seen a surge in investment in recent years. Merchant highlighted, ‘Barbuda has been developing rapidly, and tourism remains one of its key economic drivers.’ Once the site assessment is finalized, the Cabinet will review design and construction proposals before proceeding with the project. This initiative is part of the government’s broader strategy to strengthen Barbuda’s economic foundation through enhanced maritime infrastructure and improved regional trade connections.
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Wijnerman woont jaarvergadering IMF/Wereldbank bij
The 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank commenced on Monday, October 13, in Washington, D.C., and will continue through Saturday, October 18. Suriname’s Minister of Finance & Planning, Adelien Wijnerman, is leading a delegation to participate in this pivotal global event. The meetings serve as a critical platform for discussions on pressing economic issues, including debt reform, climate action, development strategies, macroeconomic policies, and financial stability. The Surinamese delegation is set to engage in bilateral talks, attend plenary sessions, and participate in key agenda items such as the Development Committee and International Monetary and Financial Committee meetings, regional briefings, and press conferences. Suriname, having recently completed an IMF Extended Fund Facility (EFF) program, aims to focus on institutional strengthening, securing investment flows, promoting sustainable growth, and monitoring external risks during the meetings. The outcomes of these discussions could significantly influence future financing opportunities, international partnerships, and policy support for Suriname amidst a rapidly evolving global economic landscape. Minister Wijnerman anticipates providing further updates as the week progresses.
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Economy : 3.7 billion from the Public Treasury to support the purchasing power of families
In a significant move to bolster economic stability, the Haitian government has unveiled a $3.7 billion gourdes initiative under the Multisectoral Emergency Program (PUM). Spearheaded by Prime Minister Alix Didier Fils-Aimé, this financial package aims to enhance the purchasing power of Haitian families while stimulating national economic recovery. The program targets 286,833 households, focusing on those most impacted by the ongoing economic crisis. Between September and October 2026, three key groups will benefit: parents of schoolchildren (70%), vulnerable households (19%), and workers in the textile and domestic production sectors (11%). Cash transfers, facilitated through Mon Cash and Nat Cash, will provide approximately 15,000 gourdes per recipient, with the government covering all withdrawal fees. Workers will receive their support either through employers or directly into their bank accounts. As of October 11, 2025, over 94,000 transfers had been processed within 48 hours, demonstrating the program’s rapid implementation. The identification of beneficiaries relies on robust databases and institutional partnerships, including SIGE (MENFP) for parents of schoolchildren, SIMAST (MAST) for vulnerable households, and ADIH and labor unions for industrial sector employees. Prime Minister Alix Didier emphasized the moral and national responsibility to support Haiti’s most vulnerable populations, stating, ‘Education remains the cornerstone of development and the pathway to a brighter future for our beloved Haiti.’
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Brian Branker recognised for energy innovation at WOW Factor Awards
Brian Branker, a prominent figure at Caribbean LNG Inc, has been awarded the prestigious WOW Factor Award 2025 in the Manufacturing, Energy, and Telecoms category. This accolade highlights his exceptional contributions to advancing sustainable energy solutions across the Caribbean region. The WOW Factor Awards, known for celebrating innovation and leadership across various industries, recognized Branker’s efforts in driving environmental and economic progress through cutting-edge energy initiatives. His work has not only positioned Caribbean LNG Inc as a leader in the energy sector but also underscored the importance of sustainable practices in addressing global energy challenges. The award ceremony, held in Antigua, brought together industry leaders and innovators to honor those making significant impacts in their respective fields. Branker’s achievement serves as a testament to the transformative power of visionary leadership in the energy sector.
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Stosh Browne of E.C.A.B Named 2025 WOW Factor Financial Services Winner
Stosh Browne, a prominent figure at the Eastern Caribbean Amalgamated Bank (E.C.A.B), has been awarded the prestigious Financial Services accolade at the 2025 WOW Factor Awards. This recognition highlights his exceptional leadership, innovative contributions, and transformative impact within the banking industry. The WOW Factor Awards, renowned for celebrating excellence across various sectors in the Caribbean, lauded Browne for his unwavering dedication and commitment to advancing financial services. In his acceptance remarks, Browne emphasized that the award is a testament to the collective efforts and hard work of his entire team at E.C.A.B. The event not only underscores individual achievements but also shines a spotlight on the broader advancements in the Caribbean’s financial landscape. Meanwhile, the article concludes with an advertisement for Antigua’s leading news platform, offering tailored digital marketing solutions for businesses seeking to enhance their visibility.
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Shallamar-Ann Williams Shines in Entrepreneur Category at WOW Factor 2025
Shallamar-Ann Williams, the visionary behind Shally’s Balloons Plus, has been honored with the Entrepreneur Award at the prestigious WOW Factor Awards 2025. Recognized for her exceptional creativity, remarkable business growth, and unwavering commitment to excellence, Williams has established her company as a leader in event decor and balloon artistry. Shally’s Balloons Plus has gained widespread acclaim for its innovative balloon designs and unparalleled customer service, transforming celebrations across Antigua and Barbuda. The WOW Factor Awards, which highlight individuals and businesses that inspire through innovation, leadership, and community impact, celebrated Williams’ achievements as a testament to her entrepreneurial spirit and dedication to her craft. This accolade underscores her significant contributions to the industry and her role as a trailblazer in the field of event decoration.
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Jeannette Bowery Wins WOW Factor 2025 Award for Sales and Marketing
Jeannette Bowery, a distinguished professional at Hadeed Motors Ltd., has been honored as the Sales and Marketing Category Winner at the prestigious WOW Factor Awards 2025. This annual event, held in Antigua and Barbuda, recognizes exceptional achievements and professionalism across various industries. Bowery’s victory underscores her remarkable contributions to customer engagement and innovative marketing strategies within the automotive sector. The WOW Factor Awards organizers lauded Bowery’s unwavering dedication and outstanding performance, highlighting her role in elevating service standards within the local business community. Her success not only reflects her personal commitment but also sets a benchmark for excellence in the industry. The award ceremony celebrated her ability to blend creativity with customer-centric approaches, making her a standout figure in the competitive automotive market. Additionally, the event served as a platform to promote digital marketing opportunities, encouraging businesses to leverage customizable and flexible advertising packages to enhance their visibility and reach.
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Tancoo prays to deliver a budget to improve citizens’ lives
In a moment of reflection and prayer, Finance Minister Davendranath Tancoo sought divine intervention as he prepared to present the United National Congress (UNC) government’s inaugural National Budget on October 13. Tancoo, who also serves as the Member of Parliament for Fyzabad, shared a heartfelt message on social media, accompanied by a photo of himself in his office at the Eric Williams Financial Complex in Port of Spain. He expressed his hope that the decisions made during the budget presentation would enhance the lives of all citizens and pave the way for a prosperous future for Trinidad and Tobago. The budget, scheduled for delivery at 1:30 PM in the House of Representatives, marks a significant milestone for the UNC administration under Prime Minister Kamla Persad-Bissessar’s second term. Tancoo has previously indicated that the budget will likely reflect a deficit, a continuation of the fiscal trends established by the previous People’s National Movement (PNM) government over the past nine years. The 2024/2025 budget had projected revenues of $54.224 billion, expenditures of $59.741 billion, and a fiscal deficit of $5.517 billion. As the nation eagerly anticipates the budget’s unveiling, many are hopeful that the government will deliver on the promises that secured their victory in the April 28 general election.