Business
December 14, 2024
Barbados Small & Medium-Sized Businesses To Benefit From $50M Credit Fund by Central Bank & IDB
Barbados' small and medium-sized businesses to benefit from a $50 million Enhanced Credit Guarantee Fund (ECGF) by the Central Bank and IDB, aiming to boost financing access and address growth barriers.
December 13, 2024
Petroleum Prices Drop: Gasoline at $3.88/litre, Diesel at $3.47/litre from December 13 | Ministry of Energy Announces Policy Updates
Retail prices of petroleum products to decrease starting December 13. Gasoline at $3.88/litre (-34 cents), diesel at $3.47/litre (-15 cents), and kerosene at $1.26/litre (-74 cents). Government policy ensures price reflection of international market.
December 13, 2024
Gasoline and Diesel Prices Decline Today: Detailed Update on Latest Fuel Rates
Retail gasoline and diesel prices have decreased, with gasoline now at $3.88 per litre (34 cents less) and diesel at $3.47 per litre (15 cents less). Kerosene is now $1.26 per litre (74 cents less).
December 13, 2024
Barbados Black Belly Sheep Project: Transforming Agroprocessing with Innovation and Cultural Heritage | UWI Initiative
Barbados' agroprocessing sector advances with the innovative Black Belly Sheep Project, blending cultural heritage with science for sustainable livestock and leather industries. Collaboration between UWI, SJPI, and NCF drives economic and cultural progress.
December 13, 2024
Amazon and Meta Announce Million-Dollar Contributions to Trump's Inaugural Fund
Amazon and Meta each contribute $1 million to Trump's inaugural fund. Amazon's relationship with Trump has been rocky due to Bezos' ownership of The Washington Post. Meta's Mark Zuckerberg also endorses Trump.
December 13, 2024
Barbados Port Inc Warns of Peak Season Delays, Plans Dedicated Cargo Berth
Barbados Port Inc (BPI) warns of delays during peak cruise and cargo season. Plans for a dedicated cargo berth to balance cruise and cargo operations. Construction of Berth 6 underway.
December 13, 2024
Anticipation Fizzles: Retailers Brace for Christmas Season Amid Uncertainty Over Potential 'No VAT Day' Announcement
Anticipation for a potential ‘No VAT Day’ during the festive shopping season fades as retailers prepare for a Christmas without the tax break. Government remains silent on the possibility. Business strategies adapt to last year’s missed opportunity.
December 13, 2024
Speightstown Welcomes First Luxury Cruise Vessel, Emerald Sakara, in Historic Milestone
Speightstown welcomes its first small cruise vessel, Emerald Sakara, marking a historic milestone for the town. Barbados Port Inc. collaborates with Coastal Zone Management Unit for moorings and guest services.
December 12, 2024
GAIA Inc. Grapples with $35.6 Million Deficit Amidst Ongoing Pandemic Turbulence | Financial Update 2024
Government-owned GAIA Inc. faces a $35.6 million deficit due to ongoing financial challenges from COVID-19. Despite this, the company shows progress with a marginal profit in the latest financial year.
December 11, 2024
Barbados Tourism Sector Set to Improve with Landmark Collective Agreement between BHTA and BWU
Barbados tourism industry workers may see improved pay and conditions with a new collective agreement between BHTA and BWU, a significant step for the country's key sector employing 35,000 people.
December 10, 2024
China Signals Economic Stimulus Readiness Amid Trade Tariff Concerns
Chinese leaders signal readiness to deploy stimulus to counter expected U.S. trade tariffs, shifting to loose monetary policy and proactive fiscal measures to prioritize growth over financial risks.
December 10, 2024
Barbados Consumer Rights Group Challenges Coconut Water Price Hikes by Retailer Association
The Barbados Consumer Empowerment Network opposes recent coconut water price hikes by BARVEN, citing operational challenges for vendors and urging a balanced approach to protect both vendors and consumers.