Business
February 22, 2024
Minister Straughn Urges Financial Industry to Enhance Cybersecurity Amid Rising Online Threats
Minister in the Ministry of Finance Ryan Straughn urges financial industry to bolster cybersecurity against rising online threats. Recent intervention simulation workshop highlights the need for concerted efforts.
February 22, 2024
Independent Senator Calls for Reevaluation of Foreign Exchange Fees on Online Transactions
Independent Senator Lindell Nurse advocates for revisiting the foreign exchange fee on online transactions, citing its diminished necessity and impact on import costs, amid improved financial stability in Barbados.
February 22, 2024
Independent Senator Urges Reevaluation of Foreign Exchange Fee Impact on Imports
Independent Senator Lindell Nurse advocates for the reassessment of the foreign exchange fee on online transactions. Citing improved economic conditions, he proposes its removal to alleviate import costs for consumers.
February 21, 2024
Government Projects Over $1 Billion Increase in Spending for 2024-2025 Financial Year
Government projects a more than $1 billion spending increase for the financial year 2024-2025, focusing on debt repayment, education, healthcare, and sports events. Details given in the Estimates of Expenditure and Revenue.
February 21, 2024
Mia Mottley Administration Plans $4.66 Billion Expenditure for Government Operations in 2024-2025 Fiscal Year
The Mia Mottley administration plans to spend $4.66 billion on central government operations in the upcoming fiscal year, with a focus on debt repayment and major investments in healthcare and education.
February 21, 2024
Caribbean Development Bank Forecasts 8.6% Economic Growth in 2024, Driven by Guyana's Oil Boom: Chief Economist Warns of Risks Ahead
The Caribbean Development Bank forecasts an 8.6% average growth in 2024, led by Guyana's oil boom. Concerns about global growth and inflation could impact growth potential. Collaboration with ITC to enhance logistics.
February 20, 2024
Renatta S. A. Mohammed Appointed General Manager of Standard Distribution & Sales (Barbados) Limited, Bringing Wealth of Experience Across Various Sectors
Renatta S. A. Mohammed appointed as General Manager at Standard Distribution & Sales (Barbados) Limited, reporting to the managing director at Standard Distributors Limited (Trinidad). Experienced leader in various sectors.
February 20, 2024
Sagicor General Insurance Unveils ‘Covered’: A Simplified Guide to General Insurance Wisdom
Discover Covered by Sagicor General Insurance Inc., a resourceful guide to simplify insurance complexities and empower consumers with policy knowledge. Enhance understanding through practical insights on home, motor, and travel insurance.
February 18, 2024
BCEN Questions BL&P Proposal to Rent Diesel Generators: Implications for Electricity Supply & Demand
The Barbados Consumer Empowerment Network (BCEN) raised concerns over BL&P's proposal to rent two diesel generators, highlighting potential supply and demand issues and calling for transparency regarding electricity supply challenges.
February 17, 2024
Barbados Power Utility Seeks Approval for Rental Costs of Temporary Generation Plant, Leading to Potential Increase in Electricity Bills
Barbados Light & Power applies to recover costs for temporary power generation, stating urgent need for additional units to prevent power outages. Impact on electricity bills projected to be minimal.
February 16, 2024
Downward Spiral of Prizes in Road Tennis Tournaments: Insights from Professional Road Tennis Association CEO Dale Clarke
Professional Road Tennis Association (PRTA) founder Dale Clarke expresses concerns over dwindling prize amounts in road tennis tournaments, highlighting the challenges faced in securing sponsorships for lucrative rewards.
February 15, 2024
Valentine's Day Sales in City Vendors and Merchants Show Mixed Results
Sales on Valentine's Day were not as abundant as previous years, but vendors expressed gratitude for the customers they did receive. Many people were seen buying love-themed merchandise such as roses, chocolates, and plush toys. However, some vendors noted that overall spending was lower due to the high cost of living. Despite this, Blessings Boutique reported relatively good sales, with a focus on clothing purchases rather than love-related items.