Business
July 8, 2024
Barbados Government Seeks Overseas Investment Opportunities to Boost Financial Stability
Barbados aims to boost its economy by encouraging overseas investments from Barbadians living abroad, particularly in Canada. Minister Ryan Straughn highlights the potential for increased financial support from the diaspora.
July 7, 2024
Minister Chad Blackman Urges Insurance Advisors to Adapt and Thrive in Evolving Landscape | BARIFA Annual Awards Ceremony Recap
Minister Chad Blackman urges insurance advisors to adapt and improve in a changing marketplace. Emphasizes the importance of professional development and staying relevant in the evolving insurance landscape.
July 6, 2024
Poultry Farmers in Barbados Face Financial Challenges Due to Unfair Pricing Practices: Barbados Agricultural Society CEO Raises Concerns
Poultry farmers in Barbados face financial strain due to unfair pricing by supermarkets and wholesalers, leading to concerns about sustainability and potential job losses in the industry.
July 6, 2024
The Future of Trade Unions: Challenges Amidst Globalization and Technological Shifts
This article explores the challenges facing trade unions in the modern workforce, including declining membership, bargaining power, and political influence. Strategies for renewal and member engagement are crucial for union sustainability.
July 6, 2024
Barbados Urged to Boost Climate Resilience After Hurricane Beryl Passage
Hurricane Beryl's impact on Barbados highlights the urgent call for climate resilience. Minister Straughn stresses the need for a loss and damage fund and coastal defense investments.
July 6, 2024
Insurance Fraternity Considers Tailored Solutions for Fisherman Amid Hurricane Beryl Devastation
Insurance industry in Barbados considers tailored solutions for fisherfolk affected by Hurricane Beryl, similar to policies for public service vehicle and jet ski operators. Collaboration may lead to more affordable blanket policies.
July 6, 2024
Barbados Prime Minister Announces Rescue Plan for Fishing Industry After Hurricane Damage
Prime Minister Mia Mottley unveils a rescue plan for Barbados' fishing industry post-Hurricane Beryl, including funding measures, a Benevolent Fund, and Business Interruption Benefit extension for fisherfolk.
July 5, 2024
Samsung Electronics Expects 15-Fold Profit Surge in Q2 2024 Amid AI Chip Boom
Samsung Electronics anticipates a 15-fold profit increase in Q2 2024, driven by AI chip demand. The tech giant's shares rose over 2% in early trading, surpassing analyst expectations.
July 4, 2024
Grenada Requests Debt Payment Suspension Due to Hurricane Beryl Devastation | Latest Update 2022
Grenada requests debt payment suspension due to Hurricane Beryl devastation. National debt at US$0.77 billion in 2022. Task forces established to assess impact and coordinate relief efforts.
July 4, 2024
2024 Atlantic Hurricane Season Breaks Records: Importance of Business Resilience Amid Climate Crisis
The 2024 Atlantic hurricane season sees early record-breaking storms, highlighting climate change impacts. Businesses urged to build resilience through sustainable practices and strategic planning for natural disaster risks.
July 4, 2024
Barbados Fishing Industry Faces Challenges After Hurricane Beryl: Insurance Industry Responds
Insurance industry in Barbados remains optimistic despite Hurricane Beryl's impact on fishing boats. President of GIAB assures insured boat owners will be covered, highlighting the need for support for uninsured.
July 4, 2024
Beryl's Passage: Business Sector Unscathed, Yet Concerns Linger on Security and Impact
Hurricane Beryl's impact on the business sector in Barbados was minimal, but concerns remain about food, water security, and electricity. President of BCCI emphasizes the need for stronger building structures.