Business
September 3, 2024
Barbados Agricultural Society CEO Warns of Threat to Nation's Food Security from Farmland Conversion
Barbados Agricultural Society CEO James Paul warns of the threat to food security as farmland is converted for residential and commercial use, impacting agricultural production and young farmers' access to land.
September 3, 2024
Government Regulation vs. Self-Regulation in Handling Private Sector Operations: A Critical Analysis
Government regulation versus self-regulation in private sectors is debated. "Big business" argues for self-regulation, citing expertise. Some sectors require government oversight to prevent widespread impact, as seen in the 2007/2008 global financial crisis.
September 2, 2024
Barbados Trade Deficit Widens to $1.6 Billion in First Half of 2024: BSS Report
Barbados' trade deficit reached $1.6 billion in the first half of the year, driven by increased imports overshadowing export growth, as per the Barbados Statistical Service's trade bulletin for June.
September 2, 2024
Challenges Persist as Fishing Industry Receives Government Aid for Hurricane Beryl Recovery
Concerns persist over repair quality and skilled labor availability for hurricane-damaged fishing boats. Government aid of nearly $2 million announced by Prime Minister Mia Mottley to support affected boat owners. International assistance pledged. Structural challenges in the industry highlighted.
September 1, 2024
SBA and Government Collaborate on Promoting Small Business Expansion to Global Markets, Including Africa, with Online Portal in the Works
Government and SBA focus on expanding small businesses to global markets, including Africa. Plans for an online portal to connect firms with opportunities in tourism, energy, and more. Initiatives to support exports and community donations highlighted.
September 1, 2024
Barbados Workers Union’s Toni Moore Urges Action on Rising Living Costs and Minimum Wage Concerns
Barbados Workers Union's General Secretary Toni Moore advocates for addressing rising living costs, inadequate minimum wage, and worker exploitation through precarious contracts. Calls for a living wage and economic justice.
August 30, 2024
Local Financial Conglomerate Reports Reduced Net Profit Due to Government’s Tax Changes
Government tax changes impact Cave Shepherd & Co Limited's financials. Revenue rises to $17.46M, but net profit drops to $7.63M due to increased tax rate of 9%. Retail and new subsidiary operations also discussed.
August 30, 2024
Barbados Water Authority CEO, Keithroy Halliday, Announces Departure After Seven Years: A Look Back and the Path Ahead
Keithroy Halliday, acting CEO of Barbados Water Authority, announces departure after 7 years. Highlights include transformation efforts, staff appreciation, and future prospects for the authority under new leadership.
August 29, 2024
Barbados Water Authority Chief Executive Keithroy Halliday Resigns After Seven Years: A Look Back and Ahead
Barbados Water Authority's acting CEO Keithroy Halliday resigns after seven years, citing pursuit of new opportunities aligned with personal and professional goals. Transition plans underway for seamless handover.
August 29, 2024
Barbados Credit Union League Launches Digital Wallet with Sagicor Bank and VENTI Global Inc.
The Barbados Co-operative & Credit Union League partners with Sagicor Bank and VENTI Global to launch a digital wallet, enhancing financial access for credit union members and facilitating secure transactions across institutions.
August 28, 2024
Rentokil Initial Barbados Celebrates 60th Anniversary with Over $4,500 Donation to Local Charities
Rentokil Initial Barbados celebrates its 60th anniversary by donating over $4,500 in cash and vouchers to local charities, including food supplies, school supplies, and electronic devices. General Manager Paula Jackman reflects on the company's growth and community support.
August 27, 2024
Balancing Financial Responsibility for Battery Energy Storage Systems: Insights from Barbados Light & Power Company Intervention
Ricky Went advocates for a shared financial responsibility in implementing battery energy storage systems (BESS) in Barbados to avoid burdening BL&P customers. FTC's approval and implications are discussed.