Business
October 5, 2023
World Bank Predicts 4.6% Growth for Barbados Economy in 2021, Emphasizes Digital Connectivity's Role in Economic Inclusion and Inequality
The World Bank predicts growth rates for Barbados, Latin America, and the Caribbean, emphasizing the potential of digital connectivity for economic growth while warning of potential inequalities.
October 5, 2023
Disruption of Barbados Workers' Union Tour Prompted by Bus Availability
The Barbados Workers' Union (BWU) faced disruption during a tour of tourism workers when privately owned tour buses were called away due to concerns from undisclosed parties. Despite the setback, BWU workers continued their visit using their own vehicles.
October 4, 2023
PSV Operators and Transport Officials to Meet for Resolution of Grievances
Public service vehicle (PSV) operators have postponed industrial action as transport officials agree to meet and seek resolution to grievances. A meeting with the 300-member body is scheduled for Wednesday.
October 3, 2023
CARICOM Companies Finalists of IDB Group's Superheroes of Development Initiative
Two CARICOM companies, Social Safety Net for Vulnerable People of Haiti and Together We Build Strong Families of Barbados, are among the finalists in the IDB Group's Superheroes of Development initiative. The initiative recognizes creative and innovative solutions implemented in development projects financed by the group in Latin America and the Caribbean. The finalists will present their projects to a panel of senior IDB officers on October 27 during the IDB Group's Knowledge Week.
October 2, 2023
Bermuda Electric Light Company Limited (Belco) Announces Increase in Electricity Rates Effective October 1
Opposition leader Jarion Richardson criticizes Bermuda Electric Light Company's electricity rate increase as an additional burden for struggling residents, while Belco President Wayne Caines states it is driven by fuel costs and is revenue neutral.
October 2, 2023
Former US President Donald Trump Goes on Trial for Fraud in Civil Case with Potential Impact on Real Estate Empire
Former US President Donald Trump went on trial in New York for fraud, accused of inflating asset values. The trial could have significant implications for his real estate empire.
October 1, 2023
Government Plans to Implement Policy to Tax High Electricity Consumers During Peak Hours - Vice President Bharrat Jagdeo
Georgetown, Guyana plans to tax high electricity consumers during peak hours due to increased demand and self-generating customers connecting to the national grid. Conservation practices are encouraged. (Note: This description can be modified to fit specific SEO requirements)
October 1, 2023
Pan-American International Insurance Corporation Building Radiates Pink Glow on Eve of Breast Cancer Awareness Month
"On the eve of Breast Cancer Awareness month, Pan-American International Insurance Corporation illuminates its building with a vibrant pink glow, symbolizing resilience and commitment to fighting breast cancer."
September 30, 2023
CIBC FirstCaribbean Reports 70% Surge in Net Income for First Half of the Year
CIBC FirstCaribbean International Bank reports a 70% increase in net income for the first half of the year, driven by higher interest rates, loan growth, and improved economic conditions in the region. The bank has also concluded the sale of banking assets in St Vincent and the Grenadines and plans to assess strategic options for growth in the St Kitts-Nevis-Anguilla market.
September 30, 2023
Barbados' New Senior Counsels Urge Legal Profession to Address Negative Public Perception
Barbados' new Senior Counsels are addressing the negative public perception of the legal profession, emphasizing the need for individual lawyers to speak out against wrongdoing and calling for a mentorship program within the fraternity.
September 30, 2023
Barbados Central Bank Governor Calls for Focus on Green Initiatives and Technological Advancements in Local Banks
The Barbados Central Bank Governor emphasizes the need for local and counterpart institutions to direct cash towards green initiatives, technological advancements, and sustainable infrastructure projects. Funding strategies should be innovative and diversified. Public-private sector partnerships are crucial for launching economically viable and beneficial projects. The Caribbean's financial surplus offers both challenges and opportunities, and central banks play a pivotal role in directing investments towards sustainable growth. Green bonds, climate finance, foreign direct investments, and technology and innovation funds are avenues to access capital for responsible projects. Collaboration with institutions like Afreximbank and China Exim Bank enriches international funding and trade opportunities for the Caribbean.
September 30, 2023
Central Bank Governor Dr Kevin Greenidge Proposes Five-Pronged Economic Model for Sustainable Inclusive Growth in Barbados and the Caribbean
Central Bank Governor Dr Kevin Greenidge proposes a sustainable economic model for inclusive growth in the Caribbean, focusing on the Blue Economy, digital transformation, green energy, agriculture, and regional integration.