Business
December 19, 2024
Barbados Extends Digital Transformation Tax Credit Deadline to Boost Modernization Efforts
Barbados extends digital transformation tax credit until December 31, 2025, offering businesses a 100% incentive for modernizing operations. Collaboration between public and private sectors emphasized for seamless digital ecosystem.
December 19, 2024
Minister Kirk Humphrey Highlights Stable Demand for Welfare Assistance Amid Rising Costs in Barbados
Ministry of People Empowerment and Elder Affairs notes stable demand for financial aid in Barbados despite rising living costs. Corporate support praised for easing pressure on welfare programs.
December 19, 2024
Barbados to Receive US$56 Million from IMF After Program Reviews | eNATION
Barbados to receive US$56 million from IMF after successful review of Extended Fund Facility and Resilience and Sustainability Facility arrangements. Funds to support country's economic programs and climate policy agenda.
December 19, 2024
Barbados Secures US$56 Million from IMF for Economic Growth and Climate Resilience Initiatives
Barbados secures US$56 million from the IMF, exceeding economic growth expectations and advancing climate resilience initiatives. Funds support BERT 2022 and climate policy agenda, with positive economic indicators highlighted.
December 18, 2024
Barbados Government Secures US$12.4M Loan and US$300K Grant from CARICOM Development Fund for Climate Resilience Wastewater Systems Project
Barbados secures US$12.4 million loan and US$300,000 grant from CARICOM Development Fund for climate-resilient wastewater project. Funds to support 3R CReWS initiative and enhance water management.
December 18, 2024
Abed’s Opens New Home Décor Store in Welches, St. Thomas with Expanded Selections and Unique Shopping Experience
Abed’s fabric and home décor store opens new location in Welches, St Thomas, offering expanded product ranges and a unique shopping experience. Open daily with extended hours for the holidays.
December 18, 2024
Barbados Tourism Expects Busiest Weekend at Grantley Adams Airport, US Market Surges in Significance
Barbados Hotel and Tourism Association reports a surge in international flights, with the US market leading the way. Visitor arrivals show significant growth, particularly from the US, Canada, and CARICOM regions.
December 18, 2024
LIAT (2020) Ltd Announces Launch of New Flight to Trinidad, Enhancing Regional Connectivity
LIAT (2020) Ltd launches new flight to Trinidad on December 19, enhancing Caribbean connectivity. CEO emphasizes commitment to seamless travel, while Trinidad's Minister of Works praises regional unity and collaboration.
December 18, 2024
Barbados Tourism Leaders Urge Industry Reform for Enhanced Customer Service and Sector Growth
Barbados tourism leaders emphasize urgent need for improved customer service in the industry to maintain the island's reputation as a top holiday destination. Calls for enhanced visitor experience and service quality.
December 18, 2024
Cricket West Indies Secures Historic 10-Year Partnership with Caribbean CAGE Projected to Generate $100M for Cricket Development
Cricket West Indies and Caribbean CAGE signed a 10-year partnership projected to generate nearly US$100 million for cricket development, marking a significant step forward for West Indies Cricket's future.
December 17, 2024
Transforming Barbados' Honey Industry: Zachary Lynch and Chemist Organic Honey Farms
Zachary Lynch of Chemist Organic Honey Farms is on a mission to introduce Bajan honey to local shelves, transforming Barbados' honey industry through dedication and entrepreneurship.
December 17, 2024
Christmas Shopping Update: Merchants Anticipate Boost in Sales Over Next Week, Reports Barbados Chamber of Commerce and Industry President
Merchants in Barbados anticipate a crucial sales period leading up to Christmas, with varying feedback from retailers on sales trends across sectors. Challenges with shipping impact sales, with hopes for increased sales closer to Christmas.