Business
November 28, 2023
Barbados Prepares Port of Bridgetown as Regional Transhipment Hub, Targeting Guyana Market
Barbados is investing in the development of the Port of Bridgetown as a regional transhipment hub, with plans to target the Guyana market, according to the port's CEO. Construction is underway for a new berth and expansion of cargo handling fleet.
November 28, 2023
West Indies Lead Selector Calls for Fairer Revenue Distribution in International Cricket
Desmond Haynes, Lead selector of CWI Senior’s Men’s Selection Panel, expresses concern over the current revenue distribution model in international cricket, stating that West Indies needs more financial support for cricket development.
November 27, 2023
President Biden Utilizes Cold War-Era Measure to Boost US Manufacturing of Essential Medicines and Medical Supplies
President Joe Biden is invoking a Cold War-era measure to boost US manufacturing of medicines and medical supplies, aiming to strengthen national defense and address concerns about the economy and inflation.
November 27, 2023
US Lobby Group Protests Proposed Increase in LNG Sales to Barbados
An American lobby group is protesting a proposed increase in liquefied natural gas (LNG) sales to Barbados, arguing that it would harm natural gas supplies in Puerto Rico. The US Department of Energy is yet to make a decision.
November 25, 2023
Young Democrats Support Expecting Mothers with Gift Baskets at Headquarters
The Young Democrats aim to provide support to young pregnant women in their community by donating hampers and maternity care essentials. They are seeking donations from the private sector.
November 24, 2023
Barbados Agricultural Society Forms Export Committee to Enhance Coordination and Meet International Standards
The Barbados Agricultural Society (BAS) is establishing an export committee to enhance coordination and meet international standards for exporting local produce, promoting intra-regional and inter-regional trade. This initiative aligns with the CARICOM 25 by 2025 goal of reducing food imports.
November 24, 2023
Ensuring Safety and Security of Digital Banking: Financial Experts Allay Cyberattack Concerns
Financial experts assure customers that digital banking is secure amid concerns about cyberattacks. Financial institutions have invested heavily in security features to protect customer accounts.
November 24, 2023
The FirstCaribbean International ComTrust Foundation Contributes $80,000 to Enhance Rainfall Monitoring Systems in the Caribbean
The FirstCaribbean International ComTrust Foundation donates $75,000 to enhance rainfall monitoring and disaster preparedness in the Caribbean, and $5,000 to print additional copies of CCRIF's children's publication on Hazards, Disasters, and Climate Change.
November 23, 2023
UK Economy to Grow Slower Than Expected, Living Standards Not to Return to Pre-Pandemic Levels Until 2027-28, Says OBR
The United Kingdom economy is projected to grow more slowly than anticipated in the next two years due to persistent inflation. Living standards are not expected to recover until 2027-28. The Office for Budget Responsibility (OBR) released these forecasts, while the chancellor announced tax cuts and benefit increases.
November 22, 2023
Government Mandates Self-Employed Contributions to National Insurance Scheme: Minister of Labour Colin Jordan
The National Insurance and Social Security Scheme will now include mandatory contributions from self-employed individuals, following the removal of obstacles outlined in the National Insurance and Social Security (Amendment) (No 2) Bill, 2023. Minister of Labour, Social Security and the Third Sector, Colin Jordan, cited past difficulties with the scheme's structure as a significant barrier to participation.
November 22, 2023
Scottish and UK Delegates Visit Barbados to Explore Business and Investment Opportunities
"Twenty-one delegates from Scotland and the UK are visiting Barbados to explore business opportunities. The Trade and Investment Mission aims to deepen business ties and attract foreign investment."
November 22, 2023
MP Calls for Harsher Penalties for Businesses Failing to Contribute to National Insurance Scheme (NIS)
St James North MP Edmund Hinkson emphasizes the need for harsher penalties for businesses failing to contribute to the National Insurance Scheme despite deducting from employees' pay.