Business
May 23, 2024
Chairman Urges Private Sector to Embrace Transformation for Long-Term Success at ICC Men’s T20 World Cup 2024
Chairman of the National Organising Committee (NOC) for the ICC Men’s T20 World Cup 2024, Ambassador Noel Lynch, advocates for private sector revitalization post-event to ensure enduring social and economic benefits.
May 23, 2024
Jamaica Government Settles J$530 Million in Judgement Debts, Allocates J$680 Million for Current Fiscal Year
Jamaica government allocates funds to settle judgement debts, paying out J$530 million for 182 cases last year. Efforts to address backlog and ensure timely payments highlighted in ongoing Sectoral Debate.
May 22, 2024
Barbados to Receive US$56M from IMF as Economic Reform Programme Earns Passing Grade
Barbados' economic reform program receives positive assessment from IMF staff, with expectations of receiving US$56 million next month. Progress noted in implementing BERT 2022 plan. IMF Executive Board to review.
May 22, 2024
Road Resurfacing Alert: Church Street and Pollygreen Alley Closure for Paving in Barbados City
The Ministry of Transport and Works will resurface Church Street Major, Church Street Minor, Pollygreen Alley near Central Bank of Barbados. Road closures and delays expected during paving operations.
May 22, 2024
Barbados Revenue Authority Staff Participate in Industrial Action Over Several Issues, Including Union Recognition and Promotions
Barbados Revenue Authority staff, represented by Unity Workers Union, continue industrial action over issues including promotions and union recognition. Concerns raised about supersession and management practices.
May 22, 2024
UNIDO to Launch Global SIDS Hub in Barbados: Historic Collaboration to Address Island Nations' Challenges
Barbados chosen as the site for a global Small Island Developing States (SIDS) hub in collaboration with UNIDO. The hub aims to facilitate cooperation, knowledge exchange, and technical assistance among diverse SIDS.
May 22, 2024
Jamaica Data Privacy Law: Registration Requirements and Compliance Challenges
The Jamaica data privacy law mandates registration of data processing activities, enforced by the Jamaican Data Privacy Authority. Compliance focus shifts to include cybersecurity, data privacy, and corporate governance beyond Anti-Money Laundering.
May 22, 2024
Barbados Secures $112 Million for Balance of Payments from IMF, Recognized for Economic Management | Update on IMF Agreement and Growth
Barbados secures $112 million from the IMF for balance of payments, with approval for economic management. IMF praises GDP growth, warns of risks from tourism slowdown and external factors.
May 22, 2024
Barbados Aims to Become Key Global Supply Chain Hub, Targeting Logistics Expansion and Resilience
Barbados aims to become a key player in the global supply chain by enhancing logistics infrastructure and port capacity, emphasizing resilience in the face of climate challenges.
May 22, 2024
Upgrade of Child Maintenance Payment System to Include Direct Deposits: Important Information for Beneficiaries
The Registration Department is updating its Child Maintenance Payment System for direct deposits to bank accounts or credit unions and a new card system. Instructions for transitioning to the new payment methods provided.
May 21, 2024
Barbados Royals Girls Cricket Club Secures Partnership with Smile Group Travel for Enhanced Travel Support and Sponsorship
Barbados Royals Girls Cricket Club partners with Smile Group Travel, UK-based sports travel company. Travel arrangements and financial sponsorship to support girls' cricket development in Barbados.
May 21, 2024
Barbados Private Sector Association Chairman: Business Confidence Soars Amid Business Facilitation Concerns and Supply Chain Challenges
Barbados Private Sector Association chairman Trisha Tannis notes rising business confidence post-COVID-19. Concerns remain over slow business reforms and international supply chain challenges. Membership includes various key industry associations.