Business

Private Sector Progress and Reforms in Barbados and the Caribbean: A Path to Accelerated Growth

November 26, 2024

Private Sector Progress and Reforms in Barbados and the Caribbean: A Path to Accelerated Growth

Key reforms are needed in the Private Sector in Barbados and the Caribbean to enhance the business environment and firm productivity for long-term growth. Recommendations are outlined in the new IDB and Compete Caribbean publication.

Barbados Egg Producer Agrees to Ministerial Intervention, Maintains Egg Prices Amid Holiday Season

November 26, 2024

Barbados Egg Producer Agrees to Ministerial Intervention, Maintains Egg Prices Amid Holiday Season

Barbados' main egg producer suspends an 8-cent price hike on eggs following intervention by Minister of Agriculture, ensuring stable prices until after Christmas. Poultry production to meet holiday demand.

Fire at Warrens Shopping Complex Prompts Evacuation: Updates on Massy Supermarket Closure

November 25, 2024

Fire at Warrens Shopping Complex Prompts Evacuation: Updates on Massy Supermarket Closure

A fire at Warrens Shopping Complex in Barbados originated in a laundromat dryer, causing thick smoke and temporary closure of Massy Supermarket. Efforts are ongoing to reopen the store.

General Motors Reaches Agreement to Enter Formula 1 with Cadillac Brand in 2026

November 25, 2024

General Motors Reaches Agreement to Enter Formula 1 with Cadillac Brand in 2026

General Motors and TWG Global plan to enter Formula 1 in 2026 with Cadillac, building their own engine later. F1 welcomes the move, with GM set to pay a $450m anti-dilution fee.

Barbados and U.S. Ex-Im Bank Sign $500M MOU to Boost Renewable Energy and Cybersecurity

November 25, 2024

Barbados and U.S. Ex-Im Bank Sign $500M MOU to Boost Renewable Energy and Cybersecurity

Barbados and the U.S. Export-Import Bank sign a US$500 million MOU to enhance sectors like renewable energy, cybersecurity, water, and maritime awareness, supporting Barbados' renewable energy goals and digital security.

Egg Price Increase Effective Immediately due to Shortage, Chickmont Imports 80-Cent Eggs

November 25, 2024

Egg Price Increase Effective Immediately due to Shortage, Chickmont Imports 80-Cent Eggs

Barbados' largest egg supplier, Chickmont, has announced a temporary price increase due to a shortage of eggs caused by competitors. The Barbados Agricultural Society hopes this will not set a precedent.

interCaribbean Airways Named World's Leading Regional Airline 2024 by World Travel Awards

November 24, 2024

interCaribbean Airways Named World's Leading Regional Airline 2024 by World Travel Awards

interCaribbean Airways named "World’s Leading Regional Airline 2024" at World Travel Awards. Chairman Lyndon Gardiner accepts award, highlighting airline's global recognition and commitment to Caribbean connectivity and service excellence.

Barbadian Hotelier Proposes Resort Hotel at UWI Cave Hill Campus for Practical Experience and Economic Benefits

November 24, 2024

Barbadian Hotelier Proposes Resort Hotel at UWI Cave Hill Campus for Practical Experience and Economic Benefits

Barbadian hotelier Ralph Taylor proposes building a resort hotel within the University of the West Indies Cave Hill Campus, aiming to enhance tourism, offer practical experience to students, and boost economic benefits for Barbados.

Ralph Taylor Advocates Collective Focus on Entrepreneurship, Tourism, and Youth for Caribbean's Future: Calls for Action at The UWI

November 23, 2024

Ralph Taylor Advocates Collective Focus on Entrepreneurship, Tourism, and Youth for Caribbean's Future: Calls for Action at The UWI

Ralph Taylor emphasizes the importance of entrepreneurship, tourism, and youth in shaping the Caribbean's future, urging collaboration among various stakeholders for economic growth and development.

Japanese Government Approves $250 Billion Economic Package to Address Inflation Challenges

November 22, 2024

Japanese Government Approves $250 Billion Economic Package to Address Inflation Challenges

Japanese government approves $250 billion economic package to combat inflation and rising energy costs, aiming to boost disposable income and support low-income families. Opposition parties push for supplemental budget approval amid economic challenges.

Next Caribbean Development Bank President To Be Decided by December | Full Story in eNATION

November 22, 2024

Next Caribbean Development Bank President To Be Decided by December | Full Story in eNATION

The Caribbean Development Bank (CDB) is set to announce its new president by next month. Three candidates are being considered to succeed Dr. Hyginus Leon.

Consumer Advocates Challenge FTC Decision Allowing BLPC to Pass Generator Costs to Customers

November 22, 2024

Consumer Advocates Challenge FTC Decision Allowing BLPC to Pass Generator Costs to Customers

Consumer advocates challenge FTC's approval for BLPC to recover generator costs from customers, prompting a review request citing concerns over rate regulation and lack of public scrutiny in the decision-making process.

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