Business
December 30, 2024
Barbados Consulate in New York Set to Launch New Business Support Project for Entrepreneurs
The Barbados Consulate in New York is launching a project to support Barbadians and Americans in business, focusing on small entrepreneurs. The initiative aims to facilitate partnerships and establish a Barbados Business Network. An internship program for young Barbadians in the diaspora is also planned.
December 29, 2024
Barbados Senator Highlights Economic Impact of Villa Sector Growth, Calls for Regulation of Unnecessary Utilities Charges
Barbados senator highlights the economic impact of the expanding villa sector on the country's economy. Issues faced by villa operators with utility providers and lack of regulation by the FTC.
December 29, 2024
2025 Economic Outlook: Impact on Workers and Employers Amid Global Uncertainty
Reflecting on 2024 and looking ahead to 2025, employers seek increased profitability while workers hope for better wages and job security amidst global economic uncertainties and technological advancements. Challenges persist in unemployment trends and social security pressures, emphasizing the need for sustainable entrepreneurship and innovative solutions.
December 29, 2024
Fortress Fund Managers Reports Strong 12.4% Returns for Barbados Dollar Funds in 2024 Annual Report
Fortress Fund Managers' 2024 Annual Reports reveal positive returns of up to 12.4% for Barbados dollar funds. The Caribbean Growth Fund gained 12.4%, with strong performance in global stocks.
December 29, 2024
Economic Impact of Hurricane Beryl on Barbados: IMF Analysis Reveals Estimated Costs and Mitigating Factors
Hurricane Beryl's estimated cost for Barbados is BDS$193 million, with a projected moderate impact on the economy, particularly in fisheries, tourism, and infrastructure. IMF report details the aftermath.
December 28, 2024
Transport Augmentation Programme Operators Voice Liability Concerns Over Transport Board's Cashless Integration on Buses
The Transport Board faces concerns from TAP operators regarding liability for vehicle damage post-cashless integration. Issues include electrical problems and late payments. Tax implications and payment methods are also discussed.
December 28, 2024
Corporate Holiday Season Boosts Artists' Activity Amidst New Year's Event Preparations | Entertainment Industry Insights 2025
Corporate holiday staff parties and awards ceremonies have kept artistes busy during the Yuletide season. Industry stakeholders anticipate the momentum to continue into 2025, with multiple bookings for performances.
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.