Petroleum Dealers on island are up in arms now that it has been confirmed that a third marketing company has entered the market. A little over one year ago, Senior Investigative Correspondent broke the story, and he now joins us in studio with a follow-up on that report.

This year the government pocketed more than $28 million dollars from the sale of Saint Lucian citizenships via the Citizenship by Investment Program. Passport sale revenue has declined when compared to the $60 million netted in 2019. Chinese nationals again account for the majority of 2020’s granted citizenships. CIP certified citizens are eligible to apply for a Saint Lucian passport which boasts visa free access to more than 146 countries around the world.

Chartered Accountant and Partner at Grant Thornton Windward Islands, Richard Peterkin, says the immediate future looks bleak for both the public sector. Peterkin, who spoke with Senior Correspondent Miguel Fevrie over the phone Thursday wage and jobs cuts will happen as various entities try to weather the financial storm created by COVID-19.