Business
May 14, 2024
Former Tourism Minister Richard Sealy Expresses Concern Over Sustainability of Room Occupancy Growth Ahead of ICC Men’s T20 World Cup in Barbados
Former Minister of Tourism Richard Sealy questions sustainability of rising occupancy numbers ahead of ICC Men’s T20 World Cup in Barbados, citing lack of plan for long-term growth and concerns over event's economic impact.
May 14, 2024
Barbados' New Corporate Tax Regime: Challenges and Potential Impact on Investment and Economic Growth
Barbados' new corporate tax regime faces challenges, with potential for growth. BIBA assesses the impact of recent tax legislation on investment and economic development, highlighting both promise and uncertainties.
May 14, 2024
Barbados Employers’ Confederation Calls for Proper Resourcing of Labour Law Enforcement Agencies
Barbados Employers’ Confederation (BEC) emphasizes the need for adequate resources for Employment Rights Tribunal (ERT) and labor law enforcement agencies amid over 400 pending cases. Discussions ongoing with Ministry of Labour for enhancements.
May 14, 2024
Enhancing Competitiveness: Exploring Cybersecurity Maturity in Local Law Firms in Barbados
This article explores the impact of cybersecurity maturity on the competitiveness of local law firms in Barbados, highlighting varying approaches to cybersecurity measures and their potential influence on obtaining work in the legal sector.
May 14, 2024
Public Sector Union Raises Concerns Over Employers Avoiding Social Security Contributions Through Contract Work
The National Union of Public Workers accuses employers of avoiding social security contributions through 'gig' work. The issue extends to both public and private sectors, urging government action.
May 14, 2024
Employers’ Confederation Calls for Administrative Restructuring of Employment Rights Tribunal Amid Backlog Concerns
Barbados Employers’ Confederation (BEC) calls for administrative changes at Employment Rights Tribunal (ERT) due to backlog. Survey results prompt proposed adjustments to Employment Act and tribunal processes.
May 13, 2024
Report: Shein Suppliers Still Operating with Excessive Overtime, Despite Promises of Improvement
Report finds workers at Shein suppliers in China still working excessive overtime, up to 75 hours a week. Shein claims progress in improving conditions but challenges persist. Public Eye investigation reveals ongoing issues.
May 13, 2024
OpenAI to Unveil Updates to Flagship Chatbot ChatGPT and GPT-4 in Livestream Event
OpenAI to unveil GPT-4 updates for ChatGPT in livestream event. Company delays AI-powered search product announcement, focusing on new features for flagship chatbot. Competitive landscape with Google and Perplexity.
May 13, 2024
Report Reveals Continued Long Hours for Workers at Chinese Fast Fashion Supplier Despite Promises for Improvement
An investigation reveals that workers at Chinese fast fashion supplier sites for Shein still endure excessive overtime, despite promises of improvement. Shein claims to be addressing the issue.
May 13, 2024
Barbados Construction Costs See Continued Escalation, BCQS International Report Reveals
BCQS International's 2023-2024 report highlights a 8.35% increase in construction costs in Barbados, covering primary materials, plant, and labor elements in the Caribbean and Latin America region.
May 12, 2024
Financial Services Commission (FSC) Names Sade Jemmott as New General Counsel
The Financial Services Commission (FSC) appoints Attorney Sade Jemmott as the new general counsel, bringing expertise in international commercial law and corporate advisory services to the team.
May 11, 2024
Fair Trading Commission decision on Barbados Light & Power's Battery Storage Investment Sparks Concerns
The Fair Trading Commission's decision on Barbados Light & Power's battery storage request receives mixed reactions. Consumer group highlights concerns over grid reliability and transparency in energy supply transition.