Business
July 4, 2024
Barbados Fishing Industry Faces Challenges After Hurricane Beryl: Insurance Industry Responds
Insurance industry in Barbados remains optimistic despite Hurricane Beryl's impact on fishing boats. President of GIAB assures insured boat owners will be covered, highlighting the need for support for uninsured.
July 4, 2024
Beryl's Passage: Business Sector Unscathed, Yet Concerns Linger on Security and Impact
Hurricane Beryl's impact on the business sector in Barbados was minimal, but concerns remain about food, water security, and electricity. President of BCCI emphasizes the need for stronger building structures.
July 3, 2024
Bridgetown Fisheries Complex Faces Uncertainty After Hurricane Beryl Devastates Fishing Fleet
The Bridgetown Fisheries Complex faces challenges after Hurricane Beryl destroys fishing fleet, leaving over 65 boats wrecked or submerged. Vendors express concerns over livelihood and future fishing prospects.
July 3, 2024
Improvements in West Indies Cricket Stakeholder Engagement: Insights from Chairman Dr Keith Mitchell
Dr. Keith Mitchell, Chairman of the West Indies Cricket Sub-Committee, discusses improved relationships between players and administrators, emphasizing stakeholder engagement and talent retention in the modern cricket landscape.
July 3, 2024
Barbados' General Insurance Industry Faces Challenges Amid Escalating Reinsurance Costs: Analysis from 2023 Financial Stability Report
Barbados' General Insurance Industry faces challenges with underinsurance, limited reinsurance, and escalating costs, impacting the country's disaster recovery capabilities. Details from the 2023 Financial Stability Report are discussed.
July 3, 2024
Barbados Government Commits to Tighter Spending Controls, Aims for High Primary Surplus: IMF Report
Government of Barbados aims to tighten spending, focusing on wages to achieve a higher primary balance surplus. IMF report outlines commitments for fiscal responsibility and economic reform.
July 2, 2024
Greece Implements Six-Day Work Week Amid Productivity Push, Drawing Criticism
Greece implements a controversial six-day work week to boost productivity, drawing criticism from labor unions. The law allows additional hours for certain businesses but excludes food service and tourism workers.
July 2, 2024
Barbadian Workers Facing Increased Individual Retirement Savings Responsibility Amid Growing Closure of Occupational Pension Plans: 2023 FSR Report Reveals Decline in Pension Sector - Central Bank of Barbados & FSC
Barbadian workers face increased responsibility for retirement savings as more employers close occupational pension plans. The 2023 Financial Stability Report highlights sector decline and challenges in maintaining pension funds.
July 2, 2024
Barbados Faces $600M Hurricane-Related Losses Over 20 Years - New Research Reveals Vulnerability to Natural Disasters | 2023 Financial Stability Report
Barbados faces $600 million in economic losses from natural disasters in the past 20 years, with storms being the primary cause. Research highlights vulnerability to external risks and potential climate change impact.
July 2, 2024
Hurricane Beryl Devastates Fishing Industry, Threatens Food Security: Government Assures Support and Assessment
Category 4 Hurricane Beryl devastates island's fishing industry, sinking and damaging boats. Prime Minister promises assistance after assessment of damage. Urgent cleanup and safety measures implemented.
July 1, 2024
Grantley Adams International Airport (GAIA) Closed for Safety Assessment - Updates Expected Soon
Grantley Adams International Airport (GAIA) closed for safety assessments. Reopening time update pending. Travellers advised to check with airlines for flight schedule changes. Follow official GAIA channels for updates.
June 30, 2024
Sol Petroleum (Barbados) SRL Appeals FTC Decision on Anti-Competitive Conduct
Sol Petroleum (Barbados) SRL appeals against the Fair Trading Commission's decision on alleged anti-competitive behavior related to contractual arrangements with Barbados National Oil Company Limited.