ECCB TO LAUNCH OFFICE OF FINANCIAL CONDUCT THIS MONTH
The Eastern Caribbean Central Bank is preparing to launch its new Office of Financial Conduct by the end of September 2026. The office will focus on protecting financial consumers and is expected to begin accepting complaints from October 15 as part of efforts to strengthen consumer protection across the region’s financial system.
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350 CREATIVE PROJECTS TO SHARE NEARLY $8.2 MILLION IN GRANT FUNDING
The first phase of Saint Lucia’s Creative Economy Grant Fund is moving forward after months of waiting by applicants. From nearly 1,000 applications received, 350 creative projects have been selected to share almost $8.2 million in funding. Officials say additional financing has helped move the programme ahead and allow more creative ambitions to become a reality.
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FUEL REVENUE SHORTFALL RAISES QUESTIONS OVER RELIEF FOR CONSUMERS
A $26 million fuel revenue shortfall is raising questions about the government’s ability to ease the burden on consumers as global oil prices climb. Opposition Leader Allen Chastanet is challenging the government’s explanation and questioning whether adjustments to fuel excise taxes could provide relief instead of passing higher costs on to the public. He warns that rising fuel and cooking gas prices could also drive up costs across the wider economy.
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ORBTRONICS INNOVATION SUMMIT TO BRING CARIBBEAN INNOVATORS TO SAINT LUCIA
Entrepreneurs, investors, technologists and policymakers from across the Caribbean are expected to gather in Saint Lucia for the Orbtronics Innovation Summit on November 21 and 22. The event at Royalton Resort Saint Lucia will focus on emerging technologies, including artificial intelligence, blockchain and robotics, and their potential to drive economic growth across the region.
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ECCB CONFERENCE EXAMINES COMMUNICATION AND PUBLIC TRUST IN BANKING
Central bank communication professionals and specialists from across the region and beyond are meeting in Saint Kitts to examine how better communication can strengthen public confidence in the financial system. The ECCB is hosting its fourth Regional Central Bank Communications Conference from September 9 to 11 under the theme, “Engage, Listen, Adapt – Reshaping Central Bank Communication for Public Trust.”
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BANKERS ASSOCIATION LAUNCHES NEW INITIATIVES TO IMPROVE BANKING SERVICES
The Bankers Association of Saint Lucia is introducing three new sub-committees aimed at addressing challenges facing customers and businesses. The initiatives will focus on access to credit, the use of property as security and the quality of everyday banking services, with the Association seeking to make banking more accessible and responsive.
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FIRE SERVICE CONDUCTS EVACUATION DRILL AT REPUBLIC BANK
The Saint Lucia Fire Service tested evacuation procedures at the Republic Bank branch on Tuesday as part of efforts to strengthen emergency preparedness. The exercise was designed to ensure staff and customers can evacuate quickly, safely and orderly during an emergency, with fire officials stressing the importance of preparedness in busy commercial areas.
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RISING OIL PRICES COULD DRIVE UP FUEL COSTS
Motorists could soon face higher fuel prices as rising global oil prices put pressure on the government’s fuel subsidy programme. Prime Minister Philip J. Pierre says the Treasury recorded a $15 million revenue shortfall in August, but has assured consumers that government support for 20- and 22-pound cooking gas cylinders will continue.
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