Business
December 18, 2023
Sugar Workers Collecting Severance Packages at Portvale Sugar Factory in Blowers, St James: Cooperative Movement Takes Over BAMC Operations
Sugar workers in Blowers, St James are collecting their severance packages in alphabetical order today. Field workers are also collecting their papers from various plantations. Cooperative movement will take over BAMC operations starting tomorrow. Rehiring of workers by new companies is expected.
December 17, 2023
Barbados Salvation Army's Christmas Kettle Appeal Falls Behind Amidst Economic Challenges, Says Divisional Commander Major Robert Pyle
The Barbados Salvation Army's Christmas kettle appeal is currently behind last year's contributions, possibly due to the difficult economy. The overall goal for this year has increased to $850,000. Divisional Commander Major Robert Pyle remains optimistic.
December 17, 2023
National Financial Literacy Programme Urges Barbadians to Plan, Budget, and Exercise Control While Shopping This Holiday Season
"Plan, budget, and exercise financial control this holiday season in Barbados. The National Financial Literacy Programme encourages responsible spending, saving, and wise use of credit cards."
December 17, 2023
Suriname Receives US$53 Million from IMF Under Extended Fund Facility
Suriname has received a US$53 million disbursement from the IMF as part of its economic reform agenda, which aims to restore fiscal and debt sustainability. The EFF arrangement has been extended to end-March 2025.
December 17, 2023
World's Largest Shipping Group MSC Diverts Ships from Red Sea Due to Increased Threat of Attacks
Mediterranean Shipping Company (MSC) diverts ships from Red Sea due to increased threat of attacks by Iran-backed Houthi rebels targeting ships traveling to Israel. Other shipping companies follow suit.
December 16, 2023
LIAT Administrator Welcomes Meetings with Employee Unions, Plans for Restructuring and Revival of Airline
The Antigua and Barbuda government plans to restructure and revive LIAT regional airline, aiming to restore regional connectivity with the help of LIAT 2020 and Air Peace.
December 16, 2023
Barbados Welcomes Thousands of Visitors as 2023/2024 Winter Season Begins at Grantley Adams International Airport
The 2023/2024 Winter Season in Barbados began with thousands of visitors welcomed at Grantley Adams International Airport. Various airlines carried passengers to the island.
December 15, 2023
H&M Faces Threat from Fast-Fashion Retailer Shein's Rapid Growth
H&M faces competition from fast-fashion retailer Shein as it aims to appeal to aspirational shoppers, following a star-studded event at a Paris nightclub featuring pop icon Cher and others in H&M's latest collaboration. Shein now holds the largest market share in fast fashion, threatening H&M's core region. H&M's sales declined, while Zara's parent company Inditex saw growth.
December 15, 2023
Barbados Revenue Authority Auctions Delinquent Properties, Generating Over $7 Million in Revenue
The Barbados Revenue Authority held its third auction for delinquent properties, resulting in over $7 million added to public funds. One property remains unsold, to be auctioned next week.
December 15, 2023
Barbados Wins ESG Loan Deal of the Year at Bonds, Loans & ESG Capital Markets Awards
Barbados has won the ESG Loan Deal of the Year at the Bonds, Loans & ESG Capital Markets Latin America & Caribbean Awards for its US$146.5 million Blue Term Loan, which includes financing for marine conservation and a pandemic clause. The award-winning facility was executed in September 2022 and has also garnered recognition from the International Finance Review Awards.
December 15, 2023
What is the Real Benefit of Barbados' Renewable Energy Effort? Senator Crystal Drakes Raises Concerns about Consumer Impact
This article discusses Senator Crystal Drakes' concerns about the lack of clarity regarding the benefits of Barbados' renewable energy efforts and questions the broad approach of the Utilities Regulation (Amendment) Bill.
December 15, 2023
Hotel Workers' Union's Social Media Campaign Threatens Hotel Revenue, Warns Barbados Hotel Association Chairman
The chairman of the Barbados Hotel and Tourism Association (BHTA) warns that the ongoing war of words between hoteliers and the workers' union on social media could harm hotel profits. The negative portrayal of hotels as exploiting workers is causing concern among tour operators and creating an anti-industry sentiment.