Business
January 4, 2024
Guyana President Irfaan Ali Announces Plans to Monetize Country's Natural Gas Resources
"Georgetown government announces plans to monetize Guyana's natural gas resources, seeking proposals for power generation and other product creation. Estimated 17 trillion cubic feet of recoverable gas resources."
January 4, 2024
Barbados’ Eco-Adventure Park Sees Increased Business for 2023-24 Winter Season
Experience the best of Barbados’ tourist attractions in the upcoming winter season. Join the adventure at Harrison’s Cave Eco-Adventure Park, Barbados Wildlife Reserve, and Andromeda Botanical Gardens.
January 4, 2024
Barbados’ Tourist Attractions See Growth in 2023-24 Winter Season, Including Harrison’s Cave Eco-Adventure Park and Others
Barbados' tourist attractions report increased business for the 2023-24 winter season. Harrison's Cave, Barbados Wildlife Reserve, and Andromeda Botanical Gardens are experiencing a rise in visitors, including both tourists and locals. Chukka Barbados, which operates Harrison's Cave, aims to cater to all age groups.
January 3, 2024
Central Bank of Barbados Directs Commercial Banks to Waive Fees on Electronic Transactions: Announcement Made Under NPSA 2021-1
"The Central Bank of Barbados directs commercial banks to stop imposing fees on electronic transactions made through ACH and RTP systems, as indicated in a circular issued on January 2, 2024."
January 3, 2024
Central Bank of Barbados Confirms Directive on Fee-Free Electronic Transactions via ACH and RTP
"The Central Bank of Barbados confirms it has directed commercial banks not to charge fees on electronic transactions made through the automated clearing house, including the real-time payments system."
January 3, 2024
CWI Announces Organizational Changes Ahead of ICC Men's T20 World Cup, Including Departure of Key Personnel
Cricket West Indies (CWI) announces organizational changes ahead of the launch of a new strategic plan and the ICC Men's T20 World Cup, including the departure of some individuals and the conclusion of selector tenures. The recruitment process for new positions will commence.
January 3, 2024
BAMC Workers to be Rehired by Co-operative-Owned Firms, Minister Announces Increase in Wages
Barbados Agricultural Management Company workers will be rehired under new co-operative-owned firms with increased wages and ownership. The employee ownership model is supported by the Barbados Co-operative & Credit Union League.
January 2, 2024
Minister of People Empowerment and Elder Affairs, Kirk Humphrey, Discusses Transition to Digital Payments in Barbados
Barbadians receiving funds from the government will soon have their money sent directly to their accounts, as the government transitions to a digital approach for payments. Minister of People Empowerment and Elder Affairs, Kirk Humphrey, assures a smooth transition process for all beneficiaries.
January 1, 2024
Barbadians Advised to Brace for Economic Challenges in 2024 amid Shipping and Climate Concerns, Says Economist
Barbadians are advised to prepare for economic challenges in 2024, including high living costs, inflation, shortages, and uncertain global shipping conditions. Economists warn of reduced consumer demand and potential price hikes due to supply chain bottlenecks. Youth unemployment and job creation should be prioritized for economic recovery.
January 1, 2024
Chairman of AOPT Reviews Successful 2023 in Transport Sector, Plans for Electric Vehicles in 2024
Chairman of AOPT, Roy Raphael, reviews a successful year in Barbados transport sector, plans launch of Transport Energy Project in 2024 to introduce electric vehicles. Discussions ongoing with stakeholders, launch dependent on talks with Transport Authority.
January 1, 2024
New Year’s Message by Renee Coppin, Chairman of Barbados Hotel Tourism Association: A Bright Future for Barbados’ Tourism
New Year’s Message by Renee Coppin, Chairman of the Barbados Hotel Tourism Association, highlights the positive recovery of Barbados’ tourism industry and its significant contributions to the economy and other sectors.
December 30, 2023
Significant Advancements at Barbados Airport: Union Secures Positive Changes for Workers
Dwaine Paul, Deputy General Secretary of the Barbados Workers' Union, announces advancements following a successful lobby, including regularization of workers, retroactive pay adjustments, salary increases, and improved terms and conditions.