Revue de presse du 29 mars 2017
AMBASSADE DE FRANCE A SAINTE-LUCIE
REVUE DE PRESSE DU MERCREDI 29 MARS 2017
It is alleged by news media in the region, that Deputy Premier Hon. Mark Brantley will be the new leader of the governing Concerned Citizen Movement, taking over from Premier Amory who held the position since 1986. However the CCM has yet to confirm the allegations. Elections are due in Nevis next year.
The question of whether economic citizens should be allowed to vote still remains unanswered. The Attorney General has indicated that it is something that the Government has to take a close look at, particularly now that it is revamping the Citizenship by Investment Programme as well as the Electoral System. He further noted, considering that most of the economic citizens reside outside of the country, it would be unfair for them to sway the elections.
ECONOMIE ET AFFAIRE
St Lucia Times
Construction on the first stage of the Pearl of the Caribbean, which is the racetrack, is said to begin soon. The government has revealed such while it is currently finalising the development of the entertainment complex, although it is relying on funding from the Citizenship by Investment Programme. Apart from those, the government also announced that it has plans to launch an education training fund in partnership with DSH, in order to provide training for locals in the horse racing industry.
Caribbean News Now
The Citizenship by Investment Programme in Saint Kitts has come under scrutiny once again, this time in a report by the US State Department. The report states that the CIP continues to be afflicted by significant deficiencies in vetting applicants and conducting due diligence on the recipients of passports. It also claimed that the country is susceptible to corruption and money laundering due to the high volume of drug trafficking around the islands.
St Lucia News Online
For the past several months, the Prime Minister along with Cabinet Ministers and various Ministry heads have been engaged in Budget preparations and developing a four year plan for the country. The Prime Minister indicated that his government has been busy trying to ascertain the exact fiscal position of the country and finding balance.
Caribbean News Now
Following the memorandum of understanding which was signed with the government in September 2015 and the recently concluded feasibility study, the French engineering company for new and renewable energy, Teranov, has confirmed that there is potential to develop geothermal power in Saint Kitts. In November 2015, the company began exploration exercises and said then that the prospects for geothermal energy were promising.
Last Friday the High Court granted Rubis Caribbean an interim injunction against the proposed sale of the state-owned Barbados National Terminal Company Limited to petroleum products giant Sol. Rubis had lodged an application for a judicial review challenging the inclusion of a 15 year moratorium clause in the agreement between the Government and Sol for the US$100 million merger. From inception, Rubis has opposed the deal arguing that the sale of the lone oil terminal will create a monopoly in oil storage and distribution, and would lead to existing selfishness.