Business
November 4, 2023
Rochelle Walrond-Cox: Co-Founder of Digital IRC Consultancy Services and Envoici Celebrates Award and Entrepreneurial Journey
Rochelle Walrond-Cox is the Co-Founder and Operations and Sales Director of Digital IRC Consultancy Services and Envoici, providing digital transformation and accounting solutions.
November 3, 2023
Barbados on Track to Become Caribbean Life Sciences Hub with New Prostate Health Supplement
Barbados plans to become a life sciences hub, with focus on manufacturing a prostate health supplement for export. Collaboration with Ghana and new products showcased at Trade and Innovation Expo 2023.
November 3, 2023
Barbados Government's Job Start Plus Programme Launches Job Start Tourism to Equip Youth for Tourism Industry
"Scores of young people are being prepared for the tourism industry through the Job Start Tourism program, a collaboration between the government and the Barbados Hotel and Tourism Association."
November 3, 2023
Farmers Advocate for Increased Renewable Energy Investment to Reduce Costs
Barbados Agricultural Society CEO calls for greater renewable energy investment in the farming industry to reduce costs and support food security. High temperatures in Barbados highlight the need for sustainable solutions.
November 3, 2023
Barriers to Private Sector Investment in Renewable Energy Sector in Barbados and Caribbean States: Experts Identify Challenges and Solutions
The absence of clear terms and conditions, small project sizes, and weak government implementation are identified as obstacles to private sector investment in the renewable energy sector in Barbados and other Caribbean states.
November 3, 2023
Caribbean Development Bank President Urges Increased Utilization of Renewable Energy Initiatives in the Region
Dr Hyginus “Gene” Leon, President of the Caribbean Development Bank (CDB), emphasizes the untapped potential for renewable energy in the region and urges the government to power their buildings and facilities with green energy.
November 2, 2023
JetBlue and CIBC FirstCaribbean Partner with Mastercard to Launch New Credit Cards in Caribbean Markets
JetBlue and CIBC FirstCaribbean have partnered with Mastercard to launch two credit cards for customers in the Caribbean region, offering exclusive rewards and the opportunity to earn TrueBlue points for travel.
November 1, 2023
Expansion of Afreximbank's CARICOM Office Leads to Groundbreaking Achievements in Trade and Investment
The head of Afreximbank reports "ground-breaking achievements" after setting up a CARICOM office in Barbados, including lending billions of dollars to CARICOM states and attracting African investment interests.
October 31, 2023
Government Secures BDS $50 Million Loan to Renovate Kensington Oval for 2024 ICC Men's T20 World Cup
The government plans to borrow BDS $50 million from Afreximbank to renovate Kensington Oval for the 2024 ICC Men's T20 World Cup, with a focus on developing cricket and other sports in the region. Prime Minister Mia Amor Mottley expressed gratitude for the loan at the ACTIF23.
October 31, 2023
Potential Impact of Escalating Middle East Conflict on Oil Prices, World Bank Warns
The World Bank warns that if the conflict in the Middle East escalates, oil prices could rise to over $150 a barrel and potentially result in a "dual energy shock" affecting oil and gas supplies. However, current predictions suggest wholesale prices will fall to $81 a barrel if the crisis does not worsen. The Bank is cautious due to the potential for higher energy prices leading to inflation and increased food prices. They are concerned that an intensification of the conflict would exacerbate food insecurity globally.
October 31, 2023
Barbados Prime Minister Mia Amor Mottley Highlights Trade Opportunities Between Caribbean and Africa
Barbados Prime Minister, Mia Amor Mottley, suggests that Barbados become a trade hub with Africa to strengthen cooperation and food security between the two regions.
October 29, 2023
Barbados Prime Minister Hints at Possible Change in Local Corporate Tax Rate Following Global Minimum Tax Introduction
Prime Minister Mia Mottley has indicated that Barbados will have to adapt to the planned 15% global minimum corporate tax rate by making changes to the current low tax rate for local companies. Mottley expressed concern about the risk of losing businesses and emphasized the need for investment to drive growth.