Business
April 11, 2024
World Bank Adjusts Forecast for Barbados Growth in 2024 Amid Concerns for Latin America and the Caribbean
The World Bank revised Barbados' 2024 growth forecast to 3.7%, citing low growth hindering development in Latin America and the Caribbean, with regional GDP projected to expand gradually.
April 11, 2024
Government Harvester for Sargassum Seaweed Repairing Equipment, Not 'Rotting Away' Confirms Minister Kirk Humphrey
Government-owned seaweed harvester currently being repaired, not “rotting away,” despite public criticism. Minister assures equipment is functional, awaiting replacement parts, and will soon be back in operation. Efforts to enhance fisheries sector continue.
April 11, 2024
Central Bank of Barbados Collaborates with Regulators and Licensees to Enhance Financial System Cybersecurity
The Central Bank of Barbados collaborates with regulators and licensees to enhance financial system resilience to cyber attacks. Deputy Director Tamara Hurley emphasizes proactive risk management strategies.
April 11, 2024
Barbados Prepares for 2024 ICC Men’s T20 Cricket World Cup with Major Infrastructure Investments
Barbados is investing significantly in capital works for the 2024 ICC Men’s T20 Cricket World Cup. Hosting eight matches and the final, the island aims to leverage its cricket heritage for economic growth and development.
April 10, 2024
US Consumer Prices Rise Higher than Expected, Stalling Inflation Fight
Consumer prices in the US rose 3.5% over 12 months, fueled by higher costs for fuel, housing, dining out, and clothing. Inflation stalling prompts potential for prolonged high interest rates.
April 10, 2024
Barbados Advances Efforts for Electric Buses Acquisition through Agreement with China
Barbados signs Exchange of Notes agreement with China for acquisition of electric buses, aiming to reduce reliance on fossil fuels and carbon footprint. Further approvals awaited. Diplomatic relations established in 1977.
April 10, 2024
US Consumer Prices Rise Faster Than Expected, Impact of Rising Interest Rates on Inflation
"US Consumer Prices Outpace Expectations, Indicating Inflation Control Stalls. March inflation at 3.5%, up from 3.2% in Feb. Rising interest rates aim to stabilize prices, with Fed's key rate highest in 20+ years."
April 10, 2024
Barbados Dairy Farmers Prepare for Imports Amid Milk Shortage Concerns
Dairy farmers are hopeful for government assistance to import pregnant heifers to boost milk production. Plans include rebates on cow purchases and incentives for stock replenishment and pasture development.
April 9, 2024
Kensington Oval Gears Up for T20 World Cup with Timely Infrastructure Handover
Kensington Oval gears up for T20 World Cup with seamless handover to ICC as major sections, media centre, scoreboards, and lights are set ahead of schedule per NOC chairman Noel Lynch.
April 9, 2024
New Banknotes Featuring King Charles Unveiled at Buckingham Palace for Circulation in June
The Bank of England introduces new banknotes featuring King Charles, following tradition of monarchs receiving first issues. Transition to the new notes will be gradual, coexisting with current Queen Elizabeth notes.
April 9, 2024
Global Food Prices Increase in March, FAO Reports First Upward Trend in 7 Months
Global food prices rose for the first time in seven months per the FAO of the UN. Prices for vegetable oils, dairy, and meat increased while cereals declined.
April 9, 2024
Steel Frame Homes Project Management: An Analysis of Cost Overruns and Essential Project Principles
This article delves into a steel frame homes project, highlighting cost management issues. It emphasizes the importance of thorough planning and stakeholder collaboration in construction project management.