Business
January 11, 2024
Barbados Predicts Biggest Luxury Building Boom in Over a Decade, warns of Labour and Materials Shortages
"Barbados' luxury building boom is expected to lead to shortages of labor and materials, driving up construction costs. Demand for high-end homes remains strong despite competition from middle-income developments."
January 10, 2024
Challenges Faced by Minibus and Route Taxi Owners in Barbados Demand Government Action
Bus and taxi owners in Barbados are urging the government to increase fares or provide subsidies due to rising operating costs and a potential increase in insurance rates.
January 9, 2024
Bridgetown Port Urged to Collaborate with Consumer Advocacy Body on Monitoring Price Changes
The Barbados Consumer Empowerment Network (BCEN) responds to Prime Minister Mottley's call for consumer protection bodies to monitor businesses passing on savings from reduced port charges. BCEN suggests that the Bridgetown Port should spearhead the initiative for transparency.
January 8, 2024
Work Permits Not Always Granted, Ministers Highlight Application Process
"Discover the realities of work permit applications in Barbados as Ministers Wilfred Abrahams and Colin Jordan address concerns about the granting of permits and prioritizing local talent."
January 7, 2024
Barbados Consumer Empowerment Network Calls for Greater Consumer Protection in Online Banking Services
"BCEN calls for public discourse and disclosure to enhance consumer protection in online banking services in Barbados amid concerns of non-compliance with recent Central Bank directive and suggests potential actions."
January 6, 2024
Employers Defend Practice of Importing Labour, Respond to Union's Concerns
Employers in Barbados defend the practice of hiring foreign workers, emphasizing the importance of securing local talent who understand the business landscape and the need to address supply issues.
January 5, 2024
Canadian Economist Warns of Potential Consumer Service Fee Increases After Central Bank Blocks Scotiabank's Online Transfer Fee
A Canadian economist warns that commercial banks will likely introduce new or increased fees on other products or services after a Central Bank halted Scotiabank's plan to charge for online transfers in Barbados.
January 5, 2024
UK and Barbados Strengthen Relationship through Year-Long Initiative: Great UK Barbados Campaign
The United Kingdom (UK) aims to strengthen its ties with Barbados through a year-long initiative focused on technology, trade, education, culture, and sports, as part of the #GreatUKBarbados campaign. This effort follows a challenge by Barbadian Prime Minister Mia Mottley to enhance the UK's relationship with Barbados. The UK's High Commissioner to Barbados, Scott Furssedonn-Wood, stated that the goal is to keep the relationship relevant and vibrant for the future. Minister of State in Foreign Trade and Business Sandra Husbands emphasized the commitment to build a beneficial and meaningful relationship between the UK and Barbados.
January 5, 2024
LIAT (1974) Ltd to Cease Operations on January 24th, Employees to Be Laid Off Without Payment
LIAT (1974) Ltd, the Caribbean airline, will cease commercial operations on January 24. More than 90 employees will be laid off without immediate payment, but obligations will be met.
January 5, 2024
Examining the Intersection of Financial Donations and Political Culture in Barbados: Perspectives from Pollster Peter Wickham
"Political culture and the acceptance of financial donations by businesses in Barbados is discussed by pollster and political scientist Peter Wickham in light of recent revelations."
January 4, 2024
National Petroleum Corporation (NPC) Swiftly Repairs Leaking Gas Line on Tudor Street, Appreciated by Small Business Owners
"Small business owners on Tudor Street praise swift action by National Petroleum Corporation (NPC) to repair gas leak, despite temporary business disruption. Safety and quick response appreciated."
January 4, 2024
Central Bank Blocks Scotiabank's New Fee for Inter-Bank Transfers: An Overview
"The Central Bank blocks Scotiabank's plan to introduce a new fee for inter-bank transfers, instructing all commercial banks to cease imposing fees on electronic transactions."