Business
June 8, 2024
Barbados Minister Ryan Straughn Stresses Urgency in Economic Progress towards 2030 Targets
Barbados' Minister of Finance, Ryan Straughn, emphasizes the need for timely action from all sectors to achieve economic targets by 2030. Measures include VAT removal on essential items and promoting private sector modernization.
June 8, 2024
ICC Men’s T20 Cricket World Cup Yet to Boost Business for Taxi Operators at Grantley Adams International Airport
Taxi operators at Grantley Adams International Airport in Barbados are experiencing slow business despite the ICC Men’s T20 Cricket World Cup, hoping for an increase in customers closer to the tournament finals at Kensington Oval.
June 8, 2024
New Maritime Laws Before Parliament Poised to Expand Job Opportunities in Island's Blue Economy
New maritime laws in Parliament aim to boost job opportunities in the blue economy. The Shipping Domestic Vessels Bill emphasizes training and certification for seafaring skills and plans for a Maritime and Seafaring Academy.
June 7, 2024
Caribbean Countries Face Higher Debt Repayment Costs Amid Global Interest Rate Uncertainty: IDB Report
Government faces persistent high debt repayment costs due to global interest rates remaining elevated, impacting Barbados and other Caribbean economies. IDB experts analyze risks and opportunities in a changing world.
June 7, 2024
Event Promoters Concerned Over Recently Increased COSCAP Fees for Summer Events
Party promoters express concerns over increased fees to COSCAP due to a recent hike. EAB President shares worries about rising costs in the industry. COSCAP defends decision citing operational expenses.
June 7, 2024
Grantley Adams Airport Taxi Operators Seek Fair Share Amid Men's T20 World Cup Spike
Taxi operators at Grantley Adams International Airport express concerns over limited business during ICC Men’s T20 World Cup, citing outsiders and hotel shuttles as factors impacting their share of passengers.
June 7, 2024
Barbados Secures £300 Million Low-Cost Loan from UK Government for Climate Resilience and Economic Sustainability
Barbados secures a £300 million loan from the UK to enhance climate resilience and boost exports. The funding supports infrastructure development and food security initiatives in the region.
June 6, 2024
Rihanna's Fenty Beauty Expands into Hair Care with New Fenty Hair Line, Launching June 13
Rihanna announces the expansion of her beauty empire into hair care with Fenty Hair, offering reparative formulas for all hair types. The new product line launches on June 13.
June 6, 2024
Nigeria Approves Direct Flights to Barbados, Launch Timeline Unclear: Afreximbank Official
Nigeria approves airline plan for direct commercial flights to Barbados, pending Barbadian approval. Potential new route to strengthen Africa-Caribbean ties and provide first direct air link between the two regions.
June 6, 2024
Understanding Selective Procurement in Government and Membership Organizations: Challenges and Solutions
Government and membership organizations face scrutiny over selective procurement practices, favoring certain vendors. Calls for transparency and fairness in procurement processes are growing amid concerns of unequal opportunities for businesses.
June 5, 2024
FTC Seeks Public Input on Retroactive Billing Policy in Barbados Utility Companies
The Fair Trading Commission (FTC) aims to protect consumers from excessive backdated billing by utility providers in Barbados. The regulator seeks public input on a Retroactive Billing Policy for fair practices.
June 5, 2024
T20 World Cup FunZone Event Showcases Unifying Power of Sports Amid U.S.-Canada Matchup
The article discusses the unifying power of sports, focusing on the T20 World Cup FunZone event in Barbados. It highlights the partnership between the United States and Barbados, emphasizing safety, security, and collaboration for a successful tournament.