Business
October 14, 2024
Barbados Telecom Market: C&W and Digicel Competition Dynamics Revealed by FTC Assessment
Cable and Wireless (C&W) and Digicel compete for market dominance in Barbados' telecommunications sector. Fair Trading Commission assesses competition dynamics, noting increasing competition from OTT providers like WhatsApp.
October 13, 2024
British Businessman Faces Backlash for Wind Turbine Proposal in Barbados Tourist Areas | Full Story in eNATION
British businessman Marcus Heal faces criticism for proposing wind turbines in Barbados' tourist areas, including near the Animal Flower Cave and Morgan Lewis Plantation. Concerns raised about aesthetics and noise impact.
October 13, 2024
Barbados Chamber of Commerce President Warns of Long-Term Impacts Following Cyber-Attack on Revenue Authority
Barbados Chamber of Commerce president warns of long-term impacts following cyber-attack on Revenue Authority. Concerns raised over rising costs, investor confidence, and uncertainty in local economy. Data privacy expert emphasizes understanding costs of breaches.
October 12, 2024
Barbadian Sociologist Criticizes Government's Socio-Economic Priorities at Astor B Watts Lecture
Sociologist Carol-Anne Jordan criticizes Barbados government for prioritizing economic metrics over social welfare, highlighting disparity between economic success and declining quality of life for citizens.
October 12, 2024
CIBC Caribbean to Reinstate Domestic Electronic Funds Transfer Fee for Corporate Clients in Barbados in Line with Central Bank Guidelines
CIBC Caribbean to reinstate domestic electronic funds transfer fee for corporate clients in Barbados from November 1, following Central Bank guidelines effective July 12. Fee applies to corporate online banking transactions.
October 12, 2024
Barbados Prime Minister Mia Mottley Pledges Sweeping Land Transaction Reforms for Modernisation
Barbados Prime Minister Mia Amor Mottley advocates for modernizing the country's land transaction process to enhance economic empowerment and property ownership. Reforms focus on digitalization, efficiency, and accessibility for citizens and businesses.
October 12, 2024
Challenges in Accessing Banking Services Hinder Growth of Barbados' Medicinal Cannabis Industry
Barbados' medicinal cannabis industry faces banking challenges hindering growth, with traditional banks refusing services. Efforts, like an MOU with M-Money, aim to address the issue. Industry leaders emphasize perseverance amid obstacles.
October 12, 2024
Barbados Government to Modernize Land Transactions for Increased Competitiveness, Prime Minister Announces
Barbados Prime Minister Mia Mottley advocates for the modernization of the land transaction process through digitization to enhance efficiency, attract foreign investment, and boost competitiveness, citing the current system's hindrance to economic growth.
October 12, 2024
IMF Reduces Member Borrowing Costs by $1.2 Billion Annually in Policy Overhaul
IMF approves measures to reduce members' borrowing costs by $1.2 billion annually. Changes include lower surcharges and thresholds, effective November 1. Some argue for full cancellation of IMF surcharges.
October 11, 2024
2024 BFA Guardian Group Youth Football Tournament Bolsters Barbados Football Association and Guardian Life Partnership
The 2024 BFA Guardian Group Youth Football Tournament, in partnership with Guardian Life of the Caribbean Limited, supports the development of Under-9 to Under-17 Boys and Mixed teams in Barbados.
October 11, 2024
Pinnacle Feeds Implements Three Percent Price Cut on Animal Feed in Response to Global Grain Cost Reductions
Pinnacle Feeds reduces animal feed prices by three per cent, citing global grain cost declines. This marks the latest in a series of cuts, totaling an eight per cent decrease over 14 months.
October 11, 2024
Barbados Blackbelly Sheep Farmers Face Breeding Stock Shortage, Impacting Industry Growth
Barbados Blackbelly sheep face a shortage as farmers struggle to access breeding stock due to exports to Guyana. Concerns raised over impact on local production and quality.