Business
November 7, 2024
ESPN Caribbean Secures Exclusive Media Rights Deal with Cricket West Indies Through 2030
CWI secures a six-year media rights deal with ESPN Caribbean for exclusive coverage of West Indies Men’s and Women’s home matches and CG United Super50 Cup from 2024 to 2030.
November 7, 2024
Barbados Prime Minister Mia Mottley & Honorary Consul Regina Sixt Collaborate to Expand Airlift with Germany and Western Europe
Barbados Prime Minister Mottley and Honorary Consul Sixt aim to resume airlift with Germany, Western Europe, and Scandinavia. Discussions include co-marketing efforts and pursuing corporate business opportunities.
November 7, 2024
Increase in Customer Bills Expected as Barbados Light & Power Company Defends Rental of Generators for Grid Demands
Barbados Light & Power Company defends renting generators to meet grid demands, resulting in higher customer bills. FTC approves cost recovery through Fuel Clause Adjustment. Plans for battery storage capacity announced.
November 7, 2024
Barbados Light and Power Company's Temporary Rate Increase Criticized by Consumers Ahead of Holiday Season
Barbadian consumers criticize Fair Trading Commission's approval of temporary rate increase for Barbados Light and Power Company, citing concerns over impact on cost of living and lack of competition.
November 7, 2024
Minister Ryan Straughn Looks to Renewable Energy Investments to Stabilize Electricity Costs Amid Concerns
Minister Ryan Straughn discusses government's strategy to stabilize energy costs through renewable energy investments, aiming to reduce reliance on fossil fuels and lower electricity prices in the long term.
November 7, 2024
Barbados Initiates Call for Information on Battery Energy Storage Systems (BESS) - Minister expects local and international bids in upcoming procurement
Barbados prepares for its first battery energy storage system procurement, inviting local and international bids to support renewable energy integration and grid stabilization. Consultation period for project insights open until November 28.
November 7, 2024
Minister Ryan Straughn Urges Economists to Simplify Macro and Microeconomy Discussions for Better Financial Decisions
Minister Ryan Straughn urges economists to simplify discussions on micro and macro economy for better financial decisions. Emphasizes the need for clarity and connection with citizens for economic development.
November 7, 2024
55th Annual Monetary Studies Conference: Addressing Unique Economic Challenges in the Caribbean with Research-Based Solutions
Governor of the Central Bank of Barbados emphasizes the importance of research in addressing economic challenges faced by Caribbean economies at the 55th Annual Monetary Studies Conference. Discussions focus on driving economic resilience amid regional crises.
November 7, 2024
Barbados Light & Power Rental of Aggreko Generators: Managing Director Emphasizes Need for Increased Capacity Amid Rising Demand
Barbados Light & Power (BL&P) utilizes temporary Aggreko generator units to meet rising energy demands. Procurement for 60 MW energy storage is underway to support renewable energy goals. Customers may see a slight increase in electricity bills.
November 7, 2024
Barbados Government Delays Immediate End to Two Per Cent Foreign Exchange Fee Despite IMF Recommendations
Government currently has no immediate plans to end the two per cent foreign exchange fee in Barbados, despite IMF recommendations. The fee has generated significant revenue for the government.
November 7, 2024
Barbados to Receive US$57 Million from IMF Amid Positive Economic Outlook
Barbados anticipates receiving an additional US$57 million from the IMF following positive economic and fiscal progress. Officials highlight successful reforms and sustained economic growth, projecting continued stability and growth.
November 4, 2024
Caribbean Urged to Unify for Sustainable Shipping: Addressing GHG Emissions in IMO Negotiations
Caribbean states, including Barbados, urged to unite in reducing greenhouse gas emissions from ships to safeguard economic interests. Dr. Jan Yves Remy leads initiative for unified regional approach.