Business
November 8, 2023
Barbados Trust Fund Ltd Celebrates Fifth Year of Operations, Small Business Association Calls for Increased Micro-Lending Supply
The Small Business Association of Barbados (SBA) discusses the importance of financing micro, small, and medium enterprise (MSME) development to foster entrepreneurship and economic growth in Barbados. Learn more at https://www.sba.bb/sba/.
November 8, 2023
Barbados Prime Minister Announces Overhaul of Corporate Tax Structure, Potential Impact on Global Business
Prime Minister Mia Mottley announced changes to the corporate tax structure in Barbados, including a 9% tax rate and a top-up tax for multinational enterprises, aiming to comply with international tax rules. The changes will come into effect from January 1, 2024.
November 8, 2023
NHC and PHD to Sign New Lease Agreement for State Land Occupied by Processing Plant
The National Housing Corporation (NHC) and Pine Hill Dairy (PHD) are expected to sign a new lease agreement for the state land occupied by the processing plant. Negotiations are underway for a more traditional lease arrangement.
November 7, 2023
Rochelle Walrond-Cox's Envoici Wins the Sandra Husbands Award for Regional Accounting Software Solution
Rochelle Walrond-Cox, co-founder of Envoici accounting software, recently won the Sandra Husbands Award. She started her business after her mother's breast cancer diagnosis. She credits her success to her support team and offers advice to other entrepreneurs.
November 7, 2023
Barbados Government Seeks Higher Rent from Pine Hill Dairy for Occupied State Land
The Barbados Government is negotiating with Pine Hill Dairy to increase the rent for the state land it has occupied since 1966, following the expiration of a 50-year lease agreement.
November 7, 2023
AOPT Members Seek Urgent Meeting with Transport Board Over Delayed Payments under TAP Program
Several Alliance Owners of Public Transportation (AOPT) members are seeking a meeting with the Transport Board to discuss delayed payments under the Transport Augmentation Programme (TAP). Dissatisfaction and frustration are mounting due to the continuous defaulting on payments.
November 7, 2023
Epic Games Commences Legal Battle with Google over In-App Purchase Commission Charges
Epic Games enters a legal battle with Google, accusing the company of monopolistic practices and charging excessive commission fees on in-app purchases in the Google Play store. Google denies the claims and asserts that there is ample competition in the app distribution market.
November 7, 2023
Barbados Tourism Sees Increased Air and Cruise Ship Business for Winter Season
Tourism authorities have announced major air and cruise ship business for Barbados during the coming winter season, with increased airlift and an anticipated growth in cruise passengers.
November 7, 2023
Wilfred Field and Early Nation Story: Reminiscing with Nation Builders
Explore the challenges faced by the first advertising manager of The Nation newspaper and get insights from the individuals who played a vital role in shaping the organization over the last 50 years.
November 6, 2023
Former US President Donald Trump Testifies in New York Civil Fraud Trial Amidst Clashes with Judge
Former President Donald Trump clashed with Judge Arthur Engoron during a civil fraud trial in New York. Prosecutors seek a $250m fine and restrictions on the Trump Organization. Several legal battles, including three criminal indictments, surround Trump. (30 words)
November 4, 2023
Massy Stores Barbados CEO Assures Public: Self-Checkout Machines Will Not Lead to Job Losses
Massy Stores Barbados CEO Jared Wright assures the public that the introduction of self-checkout machines will not result in job losses and emphasizes that cashiers will still be available for customers who prefer traditional checkout.
November 4, 2023
CIBC FirstCaribbean International Bank Reports Continued Business Growth Through Online Services, Launches Jetblue Credit Cards
CIBC FirstCaribbean International Bank reports significant business growth fueled by online services, as it launches new credit cards in partnership with Jetblue Airways and Mastercard.