Business

Governor of ECCB calls for realistic assessment of region’s political, social and economic structures

In an address which was simultaneously broadcast throughout the OECS on various radio and television stations he said that countries of the Eastern Caribbean Currency Union have endured four years of negative economic growth as a result of the impact of the global economic and financial crisis which has affected all facets of our economic and financial systems. read more

Transformation to Sandals LaSource has begun

It’s a challenge but we are working together achieving this goal of opening our doors on December 20th 2013,” said Gordon “Butch” Stewart, Chairman of the Sandals Resorts International when he provided an update on the status of the Sandals LaSource investment last Friday. read more

American Company to sell its shares in Grenada’s Electricity Company

An American company is to give up ownership of Grenada’s lone electricity company to a Canadian company which presently owns majority shares in Light & Power Holdings of Barbados the electricity company which supplies electricity on the island. The discussions between EMERA and WRB Enterprises Ltd. of Tampa, Florida, to acquire WRB’s interest in Grenada Electricity Services Ltd (GRENLEC) was ... read more

Buy more shares in GRENLEC

Public will be provided with an opportunity to buy more shares in GRENLEC Energy Minister Nazim Burke has given the assurance that the public will be able to purchase shares in GRENLEC when the new majority shares owners take full control of the company which has been privately owned for the past eighteen years. The present owner – WRB Enterprises effectively owns 61.4 percent of GRENLEC, ... read more

Government zero rates coffins

The cost putting a deceased to his/her final rest place in a coffin is expect to reduce as a result of Government’s decision to zero rate the Value Added Tax system on coffins. Almost ten months after making the promise while delivering the 2012 budget presentation and less than three months before the 2013 budget should be presented, the Ministry of Finance has confirmed that coffins are now zero ... read more