Business
March 12, 2025
Global Trade War Escalates with US-EU Tariff Threats
Donald Trump threatens to escalate global trade war with EU over tariffs. US trading partners vow retaliation. Tariffs on steel and aluminum imports spark fears of recession and strain relations with Canada.
March 12, 2025
Wages for Workers Cleaning Sargassum Seaweed Beaches from $43.3 Million Ministry Allocation
Workers cleaning Sargassum Seaweed beaches to be paid from $43.3 million Ministry fund. Funds allocated for fisherfolk, hurricane repairs, garbage trucks, and agricultural projects. Ministerial breakdown of allocations provided.
March 12, 2025
Ministry of Finance Allocates $36.9M for Data Breach Investigations and Cyber Security Enhancements
Ministry of Finance requires $36.9 million for data breach investigations at Barbados Revenue Authority, cyber security measures, humanitarian aid, and Customs Department upgrades, as outlined by Minister Ryan Straughn.
March 12, 2025
Term Finance’s CEO Oliver Sabga Highlights Barbados Growth Under PM Mia Mottley’s Leadership
Term Finance CEO, Oliver Sabga, praises Barbados' leadership under PM Mia Mottley for driving investor confidence. Recent acquisitions solidify Term Finance's position in the Caribbean credit market, targeting diverse loan segments.
March 12, 2025
Barbados Government Unveils Financial Statement & Trade Policy Implications of Trump Administration's 'America First' Strategy for 2025/2026
Barbados Government presents Financial Statement and Budgetary Proposals for 2025/2026. Article discusses impact of Trump Administration's trade policies and President Trump's focus on trade policy for American interests.
March 12, 2025
Barbados Manufacturers Association Reacts to Budget Measures for Domestic Producers: Calls for Clarity and Support
The Barbados Manufacturers Association (BMA) welcomes key Budget measures but seeks clarity and support for domestic producers. Positive aspects include efficiency improvements, tax on unhealthy snacks, and grants for home beautification.
March 11, 2025
Global Foreign Exchange Control Mechanisms and Compliance Challenges: Navigating Regulations for Transactions
This article discusses the structured foreign exchange control mechanisms, compliance requirements, and challenges faced by businesses due to increasing regulatory burdens, including the prevention of money laundering and terrorism financing.
March 10, 2025
World Consumer Rights Week: Workshop Emphasizes Sustainable Living Practices and Food Safety
Stakeholders in consumer rights gathered for a workshop during World Consumer Rights Week on sustainable living practices, food fraud prevention, and proper food labeling. Key topics included eating locally-produced food.
March 10, 2025
NUPW President Urges Tax Relief and Incentives in Financial Statement for Consumer Spending Boost
Trade unionist Richard Green of NUPW hopes for tax relief and incentives in the Financial Statement And Budgetary Proposals to boost consumer spending power and support lower to middle-income earners.
March 10, 2025
US President Donald Trump Refuses to Confirm Recession Amid Trade Policy Changes
US President Donald Trump remains non-committal on recession concerns amid tariff changes. Commerce Secretary downplays economic contraction, acknowledges potential price hikes. China imposes new tariffs on US farm products.
March 10, 2025
Minister Ryan Straughn Delivers Budget Speech Amid Growing Economy and Global Uncertainty
Minister Ryan Straughn to present Budget Speech amid growing economy and global uncertainties. No new taxes expected, focus on economic reform, public sector negotiations, and sustainable growth strategies.
March 9, 2025
Barbados to Host SEforAll Global Forum with Over 1,000 Delegates for Sustainable Energy Discussions
Barbados to host the sixth Sustainable Energy for All Global Forum with over 1,000 delegates from 77 countries discussing sustainable energy, co-hosted by the Government of Barbados and SEforAll.