Business
January 9, 2025
Temporary Closure of Christ Church Post Office at Oistins in Barbados Due to Environmental Issue
The Christ Church Post Office at Oistins, Barbados, is temporarily closed due to an environmental issue. Customers are advised to use other post offices on the island for postal services.
January 7, 2025
EGFL Anticipates Rise in Loan Demand from Tourism and Green Energy Sectors Amid Economic Expansion
EGFL anticipates increased loan demand from tourism and green energy sectors, citing reduced borrowing due to COVID-19 impact. Challenges in renewable energy storage may affect loan requests.
January 7, 2025
CARICOM Reflections: Embracing 2025 with Partners in Quality Infrastructure Development
Embracing 2025 with gratitude and commitment, CARICOM focuses on unity and quality infrastructure development. Achievements include training professionals and accrediting laboratories for regional growth and quality assurance.
January 7, 2025
Barbados Achieves IMF Targets but Faces Concerns on Competitiveness: Report
Barbados meets IMF targets, but concerns linger over global competitiveness and business environment. Report details positive economic performance, revenue growth, and expenditure increase under current IMF programmes.
January 7, 2025
Barbados Port Inc. Addresses Delays and Congestion with Urgent Measures amid Surge in Vessel Traffic | Barbados TODAY
Barbados Port Inc. is taking urgent steps to address congestion at Bridgetown Port during peak season. Priority berthing policies and infrastructure upgrades are being implemented to manage increased vessel traffic.
January 7, 2025
Barbados Reports 23% Surge in Cruise Arrivals and Inaugural Visit of Luxury Superyacht
Barbados experiences a 23% rise in cruise tourism from January to November 2024, welcoming the luxury superyacht Ritz-Carlton Ilma for the first time, showcasing opulence and growth in high-end market.
January 5, 2025
Grantley Adams International Airport Operations Manager Pietrick Voyer Awarded 'Airport Leader Of The Future' at International Summit 2024
Operations manager Pietrick Voyer at Grantley Adams International Airport (GAIA) is recognized for visionary leadership and excellence in airport operations, winning the prestigious "Airport Leader Of The Future" award.
January 5, 2025
Barbados Advances Climate-Smart Agriculture Initiatives to Support CARICOM's 25 by 25 Goal: Minister of Agriculture Indar Weir Details Strategic Plans in Sunday Sun Interview
Barbados progresses towards CARICOM’s 25 by 25 goal amid climate challenges. Minister Weir outlines agricultural strategies focusing on climate-smart practices, tech innovation, and support for small farmers through a $2 million fund.
January 4, 2025
World Food Commodity Prices Decline in 2024, Remain Higher Than Pre-Pandemic Levels
World food commodity prices decreased by 2.1% in 2024, though still higher than pre-pandemic levels. The UN FAO's Food Price Index dropped but rose throughout the year, driven by meat, dairy, and food oils.
January 4, 2025
UN FAO Reports 2.1% Drop in World Food Commodity Prices in 2024; Prices Remain Elevated Post-COVID-19 Pandemic
World food commodity prices declined by 2.1% in 2024, yet remain higher than pre-pandemic levels. The UN FAO's Food Price Index dropped but rose throughout the year, driven by meat, dairy, and food oils.
January 4, 2025
Analysis Reveals Fiscal Risks Posed by 3 State-Owned Entities in Barbados
Three state-owned entities, including HOPE Inc, Caribbean Broadcasting Corporation, and Transport Board, pose significant fiscal risks to Barbados, as highlighted in a government report. Guaranteed debt and financial instability are key concerns.
January 4, 2025
Consumer Body Condemns Shortened Banking Hours as CIBC Announces Early Closures
Barbados Consumer Empowerment Network opposes a commercial bank's decision to shorten operating hours, citing inconvenience for customers, especially the elderly and low-income individuals. Concerns raised about financial stress and exclusion risks.