Business
October 29, 2023
Barbadians Can Expect Lower Poultry Prices at Special Outlets as Government Addresses High Cost of Living
Barbadians can expect lower prices for poultry at special outlets as the Government addresses the high cost of living. Prime Minister Mia Mottley made the announcement at the BLP conference, citing retailers engaging in price gouging. Measures include reducing poultry prices and opening a second feed manufacturer.
October 28, 2023
Government Sees Decline in Direct Taxes but Offsets Loss with Increased VAT and Other Transaction-based Taxes: Central Bank Report
The government of Barbados experienced a decrease in direct tax revenues, but offset the decline with higher receipts in other taxes such as VAT and import duties. The Central Bank reported a small overall deficit in the first half of the fiscal year.
October 28, 2023
FTC CEO Urges Quick Action on Clean Energy Transition Rider Application by Barbados Light & Power
The Fair Trading Commission (FTC) assures efforts will be made to expedite the review of Barbados Light & Power's Clean Energy Transition Rider (CETR) application. The CETR guidelines are already established, and a public consultation will be condensed to move quickly.
October 26, 2023
Apes Hill Barbados Wins Four Awards at 10th Annual World Golf Awards in Abu Dhabi
Apes Hill Barbados wins four awards at the World Golf Awards, including World's Best Golf Real Estate Venue and World's Best Eco-Friendly Golf Facility.
October 26, 2023
Barbados to Launch 24-Hour Call Centre to Streamline Processes for Businesses, States Energy and Business Development Minister
CAIPO to open 24-hour call centre to address backlog of business inquiries. Minister Cummins confirms temporary solution to streamline processes for local and foreign enterprises looking to do business in Barbados.
October 26, 2023
Queen Elizabeth Hospital Extends Discount Offer for Delinquent Payments Amidst Increasing Efforts to Collect $40 Million in Arrears
The Queen Elizabeth Hospital (QEH) extends its 25% discount offer on outstanding arrears to patients facing financial difficulties, while also increasing patient deposits and utilizing legal and debt collection services to collect payments.
October 26, 2023
Barbados International Business Association Careers Showcase: Connecting Students with Professionals and Enhancing Career Skills
The Barbados International Business Association holds a careers showcase at the University of the West Indies, allowing students to connect with professionals, gain career insights, and participate in interactive sessions on resume-building and interview skills.
October 26, 2023
Barbados to Introduce 20 Privately-Owned Electric PSVs by Year-End
Learn about the plans for the introduction of approximately 20 privately-owned electric public service vehicles (PSVs) in Barbados by the end of the year.
October 25, 2023
Barbados Government Introduces Bill to Restructure Debt for Climate Change Resilience, Minister Says
Barbados is introducing a bill to defer debt payments in the event of a natural disaster, aiming to strengthen the country's ability to recover and become climate change resilient.
October 25, 2023
The Case for Electric Vehicles in the Caribbean: A Pathway Towards a Cleaner, More Sustainable Future
Learn about the urgent need to transition to electric vehicles (EVs) in the Caribbean to reduce dependence on imported fuel and decrease greenhouse gas emissions. Attend the EV-Lution Exhibition on November 7 for more information.
October 24, 2023
Management of Gale's Agro Products Denies Allegations of Supplying Lower Quality Chicks to Small Farmers
Gale's Agro Products denies allegations of supplying lower quality chicks. Managing Director Barry Gale claims all customers receive chickens from the same suppliers and blames operational challenges on intense heat.
October 23, 2023
Report Reveals Mega-Wealthy Pay Little to No Taxes; Suggests Minimum Tax Rate for Billionaires
A report from the EU Tax Observatory suggests implementing a minimum two per cent tax rate on billionaires' global wealth, potentially raising $250bn annually.