Category

Productivity

Public Procurement is centered on transparency, not just visibility

By | Competitiveness, Media, News, News & Events, Productivity

The Procurement Administration Unit in the Department of Finance is finalizing regulations to the new procurement legislation enacted in June of 2021. Ag. Director of Procurement Administration, Anthony Jean, said the impact of procurement on the estimates of national expenditure is significant as government is the biggest procurer of goods, services, and works on the island.   

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Procurement officers in Saint Lucia receive training on the Caribbean Public Procurement Notice Board and National Advertising Portals

By | Competitiveness, Media, News, News & Events, Productivity

In an effort to foster a greater understanding and utility of the Caribbean Public Procurement Notice Board (CPPNB) and the National Advertising Portal(NAP) a three-day capacity-building workshop was conducted with Senior Procurement Officers in the Public Service.  Director of the CARICOM Single Market, Titus Preville said that the Notice Board and Advertising Portal form part of the electronic tools that have been provided as part of the public procurement regime pursuant to Article 239 of the revised Treaty of Chaguaramas.

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Saint Lucia’s Collateral Registry is 50% to full implementation

By | Competitiveness, Media, News, News & Events, Productivity, Self Improvement

The National Competitiveness and Productivity Council (NCPC) has achieved another milestone toward fully implementing the Collateral Registry. The Collateral Registry supports the recently passed Security Interest in Movable Properties Act. Economist and Project Leader at the NCPC, Sharma Mathurin said this project is now halfway through implementation with a formal launch scheduled for the latter part of this year.

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The Saint Lucia IRD to improve tax collection on the island via an enhanced Transfer Pricing Framework

By | Media, News, News & Events, Productivity, Self Improvement

Saint Lucia’s Inland Revenue Department (IRD) and CARICOM, in association with the Organisation for Economic Co-operation and Development (OECD) and the World Bank Group, conducted a four-day regional workshop on ‘Foundational Transfer Pricing.’   The training workshop brought together Technical Tax Administration and Ministry of Finance officials from the Caribbean to learn the underlying transfer pricing principles and discuss potential legislative and administrative considerations to address transfer pricing.

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CARDTP – Official Digital Device Hand-Over Ceremony

By | Events, Media, News, News & Events, Productivity

The Caribbean Digital Transformation Project held the Official Digital Device Hand-over Ceremony on Friday 26th May 2023 at the Finance Administrative Centre in Pointe Seraphine. The ceremony saw the symbolic presentation of 4,860 digital devices inclusive of 450 laptops for Public Officers graded 15 and above, 2,210 tablets for primary schools, and 2200 laptops for secondary schools.

Reducing the Digital Divide to Boost Competitiveness and Productivity.

By | Competitiveness, Media, News, News & Events, Productivity, Self Improvement, Youth

Covid-19 has created what has aptly been described as the “new normal” causing a blended approach to be adopted by all sectors in society. This has caused the rapid penetration and dependence on ICT for communication, business activity, education, and the list goes on.

This rapid dependence on ICT has undoubtedly widened the digital divide particularly for small island developing states like Saint Lucia with many not having access to technology or appropriate technology to seamlessly navigate this new normal.

Reducing the digital divide is projected as one sure way of increasing Saint Lucia’s competitiveness and sustaining economic development.

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Will the updated Procurement Legislation and the Electronic Government Procurement Platform eGP increase transparency, accountability, equity and competitiveness in Saint Lucia?

By | Competitiveness, Media, News, News & Events, Productivity

Public Procurement aims to ensure the application of fair, competitive, transparent, value-for-money standards and practices for the procurement and disposal of public assets in the public sector procurement system.  The new Public Procurement legislation seeks to reduce the level of distrust in the system, reduce corruption, increase transparency, equality and accountability of government procurement.

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