Business
November 15, 2024
Barbados Hosts CHICOS 2024: Minister Encourages Investment Opportunities in Caribbean Tourism Sector
Barbados hosts the Caribbean Hotel Investment Conference and Operations Summit, showcasing investment opportunities in tourism. Minister of Tourism highlights incentives for investors and ambitious projects in the sector.
November 14, 2024
Government Policy, Rising Costs, and Business Impact: Examining Barbados Light & Power Rate Increase
Government policy and regulation impact business costs. Recent electricity rate increase in Barbados sparks debate as BLPC passes rental costs to consumers, raising concerns about sustainability and consumer burden.
November 14, 2024
Barbados Business Leader Urges Enhanced Border Security Amid Rising Gun Violence Concerns
Barbados Private Sector Association Chairman Trisha Tannis emphasizes the need for enhanced border security to combat the rise in gun violence impacting businesses, citing concerns over the influx of assault weapons.
November 13, 2024
Barbados Bankers Association Applauds Country's Growing Economy, Citing 3.9% Overall Growth and Fiscal Achievements
Barbados Bankers Association praises country's 3.9% economic growth, fiscal policies, and credit rating upgrades. President McIntosh highlights positive outlook but raises concerns about rising crime rates.
November 12, 2024
Barbados Youth Unemployment Declines but Remains Higher than Global Average: ILO Report
Barbados experiences a decline in youth unemployment, though rates remain higher than global averages. Data shows improvement in job opportunities, particularly in sectors like retail and hospitality.
November 12, 2024
Barbados Marks Milestone with American Airlines Inaugural Flight from Philadelphia
Barbados marks a tourism milestone as American Airlines' nonstop Flight AA 549 from Philadelphia, piloted by Barbadians, lands at Grantley Adams International Airport. Officials and local culture welcome passengers.
November 12, 2024
Analyzing Potential Impacts of Trump's Tariffs on Tech Market & Elon Musk's Support in Post-Election Landscape
Analysis of Trump's second term implications on tech and business. Focus on tariffs on Chinese imports, Musk's support, and potential impacts on tech market and manufacturing.
November 10, 2024
Barbados Light & Power Company Adopts Temporary Generation Solution to Meet Increasing Energy Demands
Barbados Light & Power Company addresses growing electricity demand by renting 11MW of temporary generation units due to insufficient batteries for renewable energy storage. Concerns raised over cost recovery methods.
November 9, 2024
Business Barbados Transition Ensures Job Security and Efficient Service: Minister Lisa Cummins
Minister Lisa Cummins assures no job losses as CAIPO transitions to Business Barbados, offering staff options to join the new entity or stay in central Government roles with improved efficiency.
November 8, 2024
American Economist Proposes New Tax Agreements for Caribbean Nations to Capture Overseas Income
American economist Jeffrey Sachs proposes new tax agreements for Caribbean nations to collect taxes from nationals working overseas. Suggestions include climate resilience, education, and economic partnerships for fiscal challenges in the region.
November 7, 2024
US Federal Reserve Chairman Defends Independence Amid Speculation over Tenure Amid Trump Presidency
US Federal Reserve chairman Jerome Powell refutes speculation of post jeopardy under Trump's administration. Fed cuts borrowing costs amid concerns over inflation, tariffs, tax cuts, and immigration policies.
November 7, 2024
Barbados Fishing Industry Demands Government Fulfill Promises Amid Hurricane Beryl Aftermath
Opposition leader Ralph Thorne demands government fulfill promises of financial aid for fishing industry post-Hurricane Beryl. Discontent among fisherfolk over delayed support payments; industry critical to Barbados' economy and culture.