Business
May 9, 2024
Increasing Dairy Production in Barbados: Costa Rican Vet Urges Investment in Farm Equipment for Dry Season Challenges
Costa Rican vet Dr Esteban Mata Paniagua advocates for farm equipment investment to boost dairy production in Barbados, particularly during the dry season. Recommendations include enhancing cattle feeding methods and utilizing silage.
May 9, 2024
Barbadian Electricity Rates Set to Increase Following FTC Decision: Senator Warns of Financial Burden Ahead
Barbadian Senator Tricia Watson criticizes Fair Trading Commission's decision on BL&P's electricity rate increase, warning of cost burdens on households and benefits for elite players.
May 9, 2024
Former Quality Inspector Alleges Plane Defects from Boeing's Supplier
Former quality inspector at Spirit AeroSystems alleges that Boeing plane bodies left factory with up to 200 defects. Spirit denies claims as scrutiny intensifies following 737 Max incident.
May 9, 2024
Interpreting Data: Deciphering Economic Trends & Forecasting Success - A Closer Look at the Data and Statistics
Explore the impact of data and statistics on economic growth, inflation, and public finances in Barbados. Analyze the role of storytelling in making data meaningful.
May 9, 2024
FTC Approves Fraction of BLPC's Requested Battery Storage, Allows Cost Recovery via Clean Energy Transition Rider
Barbados utility regulator approves a fraction of requested battery storage capacity by BLPC, allowing cost recovery from customers. FTC approves 15 MW out of 90 MW, with unclear impact on electricity bills.
May 8, 2024
Barbados Postal Service Announces Upgrade Plans for Island's Post Offices
Barbados Postal Service plans to upgrade post offices island-wide to offer door-to-door services for small businesses. Minister Abrahams aims to enhance package delivery and infrastructure for last-mile services.
May 8, 2024
Trinidad Cement Limited (TCL) Reports Decline in Barbados Cement Sales Market in Annual Report
TRINIDAD CEMENT LIMITED (TCL) reports a decline in Barbados cement sales market. Despite challenges, TCL saw increased sales share and strategic restructuring for market sustainability and diversification.
May 8, 2024
Barbados Government Implements New Corporate Tax Regime to Align with Global Standards for Enhanced Investment Opportunities
Barbados government introduces corporate tax reforms aligning with global standards, including a new structure with a 9% domestic tax rate for most businesses, impacting larger companies above US$850 million threshold. Compliance deadline set for January 2025.
May 8, 2024
FTX Plans to Repay Customers in Full as Assets Exceed Debts
Collapsed FTX cryptocurrency exchange plans to repay customers with $16.3bn from asset sales, covering $11bn debts. Co-founder sentenced to 25 years for fraud. Reorganization proposal awaits US court approval.
May 8, 2024
Government Announces Introduction of Patent Box Regime to Boost Innovation and Research
Government announces plans for a patent box regime to boost research and innovation. Lower tax rates for patented inventions to spur collaboration and development, aiming to enhance Barbados' innovation landscape.
May 8, 2024
Transit Industry Concerned Over Potential Delay in Achieving 100% Renewable Energy Goal by 2030
Transit industry concerns over potential delay in achieving 100% renewable energy by 2030 due to unfulfilled $3 million loan pledge for green buses. Operators await permits and loans for eco-friendly vehicles.
May 7, 2024
Pressure Mounts on IMF to End Costly Surcharges Policy: US Lawmakers Introduce Reform Act
Pressure mounts on the IMF to end surcharges policy costing Barbados millions. US lawmakers introduce Stop Onerous Surcharges Act to reform IMF surcharges, citing detrimental impact on debt-ridden countries.