Business
June 30, 2024
Sol Petroleum (Barbados) SRL Appeals FTC Decision on Anti-Competitive Conduct
Sol Petroleum (Barbados) SRL appeals against the Fair Trading Commission's decision on alleged anti-competitive behavior related to contractual arrangements with Barbados National Oil Company Limited.
June 29, 2024
Defining a Model Employee: Qualities and Characteristics that Stand Out in the Workplace
This article discusses the qualities of a model employee, emphasizing the importance of exceptional conduct, professionalism, and leadership in the workplace. Factors like trustworthiness and inspiring others are key considerations.
June 29, 2024
Prime Minister Mia Mottley Praises Caribbean Rum Industry for Regional Cooperation and Economic Impact
Prime Minister Mia Mottley praises Caribbean rum industry for regional cooperation, economic benefits, and global excellence. Emphasis on industry's role in showcasing Caribbean capabilities and gender equality. CARICOM's 50th anniversary commemorated with special rum editions.
June 29, 2024
IMF Approves Immediate Disbursement of US$56 Million to Barbados under Extended Fund Facility and Resilience and Sustainability Facility
Barbados receives approval from the IMF to access $56 million, increasing total disbursements to $187 million under the Extended Fund Facility and Resilience and Sustainability Facility.
June 28, 2024
First Citizens Bank Commits $70K for Return of Fusions at Barbados Crop Over Festival
First Citizens Bank pledges $70,000 to support the return of Fusions at Barbados' Crop Over Festival, featuring traditional and contemporary musical talent. NCF expresses gratitude for the bank's ongoing sponsorship.
June 28, 2024
Barbados Light and Power Company's New Hampton Substation Enhances Island's Electrical Infrastructure for 12,000 Residents
Barbados Light and Power Company's new Hampton Substation benefits 12,000 residents, enhancing electricity infrastructure against storms. Indoor facility protects equipment, improves service, with plans for future upgrades and expanded capacity.
June 28, 2024
Barbados Commercial Banks Increase Profitability Through Fee Income Growth: 2023 Financial Stability Report
Commercial banks in Barbados are increasingly relying on fee income for profitability, with noninterest income growing from 23% to 33% over a decade. They earned $1.26 billion in fees and commissions between 2014 and 2022.
June 28, 2024
Barbados Light & Power Company (BLPC) Asserts Readiness for Active Season with Strengthened Infrastructure
Barbados Light & Power Company (BLPC) is prepared for an active hurricane season with reinforced infrastructure and early preparations. Supply chain adjustments and new facilities enhance readiness for potential weather challenges.
June 28, 2024
SOL Petroleum (Barbados) Ltd Found Liable by Fair Trading Commission for Abusive Business Practices
SOL Petroleum (Barbados) Ltd found liable for abusive business practices affecting national security, ordered by Fair Trading Commission to cease practices and make restitution to state-owned Barbados National Oil Company.
June 28, 2024
5% Discount Deadline for Land Tax Bills Approaching: Key Dates and Payment Options Revealed by Barbados Revenue Authority
Property owners in Barbados can get a 5% discount on their 2024-2025 Land Tax bills by making in-person payments at specified locations or paying online through the BRA Land Tax Portal.
June 28, 2024
Impact of ICC Men’s T20 World Cup on Barbados: Analysis and Reflections
The ICC Men’s T20 World Cup nears its end with games at Kensington Oval. Despite excitement, business impact in Barbados seems below expectations, with private sector not seeing significant benefits.
June 27, 2024
Barbados Business Collaboration: Empowering MSMEs for ICC Men’s Cricket World Cup Success
Collaboration among Barbados business organizations led to a grand exhibition for 100 MSMEs ahead of the ICC Men’s Cricket World Cup, offering networking, learning, and growth opportunities. Organizers emphasized benefits and commendable partnership efforts.