Business
November 16, 2023
Government Plans New Valuation Legislation for Land and Property in Barbados, Welcomed by Industry Associations
The General Insurance Association of Barbados (GAIB) and the Barbados Estate Agents and Valuers Association (BEAVA) support new valuation legislation in Barbados, aiming to standardize the valuation process and improve efficiency in property transactions.
November 16, 2023
Barbados Egg and Poultry Producers' Association Supports Government Move to Import Eggs Amid Shortage
Barbados Egg and Poultry Producers' Association (BEPPA) supports government's decision to import 1.9 million eggs due to local industry challenges and shortage.
November 15, 2023
Barbados Prime Minister Announces Reforms to Corporate Tax Rates in Ministerial Statement
"On November 7, 2023, Barbados Prime Minister Mia Amor Mottley made a Ministerial Statement announcing reforms to the corporate tax rates in response to compliance with the OECD. The private sector acknowledges the increase in the tax rate."
November 15, 2023
Accusations of Smear Campaigns on Social Media Threaten Reputation of Barbados Tourism Industry, Claims BHTA
The Barbados Hotel and Tourism Association (BHTA) raises concerns about an alleged smear campaign by the local labour movement on social media, potentially damaging the tourism industry's reputation.
November 15, 2023
Central Bank of Barbados Takes Steps to Prevent Excessive Anti-Money Laundering Measures by Commercial Banks
The Central Bank of Barbados is working with commercial banks to ensure that anti-money laundering regulations are implemented without negatively impacting customers. The bank emphasizes the importance of following guidelines while considering customers' needs.
November 15, 2023
Barbados Hotel and Tourism Association Calling on Small Businesses to Join and Benefit from Opportunities
The Barbados Hotel and Tourism Association (BHTA) invites small businesses to join and benefit from various opportunities. Chairman Renée Coppin emphasizes the value of networking and connections within the tourism sector. The BHTA also focuses on emergency response strategies and strengthening linkages with the agriculture industry.
November 15, 2023
Barbados Hotel and Tourism Association Predicts Favorable Winter Season for 2023/2024, Despite Lower Airlift Capacity
The Barbados Hotel and Tourism Association (BHTA) predicts a positive winter season for 2023/2024, with increased airlift capacity from key markets such as the UK and US. Cruise travel is also showing promising signs.
November 14, 2023
Invest in Barbados: Central Bank Governor Highlights Strong Economy at Intra-African Free Trade Event
Discover why Barbados is an attractive investment opportunity with strong economic indicators, including high foreign reserves and a focus on trade integration. Join the Barbados-Africa Investment Forum for unique insights.
November 14, 2023
IMF Gives Barbados' Economic Recovery Efforts Passing Grade, Approves $75 Million Disbursement
The International Monetary Fund's staff mission to Barbados has commended the country's economic recovery, leading to the potential disbursement of $75 million next month. Recommendations for further growth were also provided.
November 13, 2023
BAS CEO James Paul Addresses Potential Chicken Shortage Concerns for Yuletide Season
Chicken and egg lovers can rest easy this Yuletide season, as the president of the Barbados Egg and Poultry Producers’ Association and the CEO of the Barbados Agricultural Society have confirmed there will be no shortage.
November 12, 2023
Dr Grenville Phillips: A Key Player in the Acquisition and Merger of Nation Group and One Caribbean Media
Celebrate The Nation's 50th anniversary with inspiring stories from individuals who played a significant role in its growth and success in the series, Nation Builders.
November 12, 2023
Petronas Explores Potential Oil Project in Suriname's Block 52 Offshore Region
Petronas, a Malaysian energy multinational, has held discussions with the Surinamese government about a potential oil project in Block 52. Two more exploration drillings will be conducted before a final investment decision is made. Gas discoveries require new negotiations due to the costly liquefaction process.