Business
September 29, 2023
CARICOM Leaders and Canadian Prime Minister to Hold Summit in Canada Next Month
Canada will host a CARICOM/Canada Summit in Ottawa next month. The summit will focus on strengthening relations, addressing the climate crisis, and discussing the situation in Haiti.
September 28, 2023
World Bank Official Urges Changes to Lending Rules for Micro and Small Businesses
Chris Sinckler, World Bank Alternate Executive Director for Canada, Ireland, and the Caribbean, recommends changes to lending rules for micro and small businesses to improve access to finance and stimulate job creation, innovation, and poverty alleviation.
September 28, 2023
Barbados Selected as Host for 2024 T20 World Cup, Cricket Officials Disagree on Final Match Schedule
Barbados has been chosen as the host for the 2024 T20 World Cup, according to Barbados Cricket Association president Conde Riley, although Cricket West Indies president Dr Kishore Shallow has not confirmed the match dates. The tournament will feature 20 teams, with 15 already selected and the remaining spots to be determined in upcoming qualifiers.
September 27, 2023
Guyana Amazon Warriors Clinch Title in Republic Bank Caribbean Premier League (CPL) Final
The 2021 CPL showcased the Guyana Amazon Warriors' successful strategies and provided insights for the upcoming 2024 World Cup. The West Indies team should maximize their home-court advantage and consider the standout performances of regional players when selecting the squad.
September 27, 2023
Virgin Atlantic Announces Barbados as Regional Hub for Caribbean Operations
Virgin Atlantic plans to establish Barbados as its regional hub for Caribbean operations, reopening routes to Los Angeles, New York, and increasing UK flights.
September 27, 2023
Minister of State for Foreign Trade & Business Development Sandra Husbands Reflects on Small Business Week 2023 and Global Economic Trends
Join Minister of State for Foreign Trade & Business Development Sandra Husbands to commemorate Small Business Week 2023 and discover the government's initiatives to drive economic growth and support MSMEs. Connect with the Small Business Association of Barbados for more information.
September 27, 2023
Virgin Atlantic Expands Caribbean Presence with Barbados as Hub: CEO Reveals Expansion Plans
Virgin Atlantic plans to use Barbados as a hub for expanding into other Caribbean destinations. The airline has been increasing its services to Barbados and sees it as a strategic regional hub. The expansion is part of Virgin Atlantic's strategy to strengthen its presence in the Caribbean market.
September 25, 2023
Barbados Sees Increase in Air and Cruise Visitors, Minister of Tourism Says
Barbados experienced a 15% increase in visitor arrivals by air from January to August 2023 compared to the same period last year, demonstrating a rebound in the tourism industry.
September 24, 2023
Export Barbados and Government of India Partnership to Drive Small Business Expansion, Says Minister of State
Export Barbados has partnered with the government of India to expand the small business sector, with a focus on generating employment and transferring knowledge and skills in packaging and design. The project will be sustained for five years. Minister of State in the Ministry of Foreign Trade and Business Development, Sandra Husbands, emphasized the importance of tackling global technological changes and narrowing the digital divide. The government is implementing various initiatives to foster innovation and create opportunities for businesses, including the establishment of an International Food Science Centre and a Life Sciences Park. Despite unfavorable global developments, Barbados has shown resilience, with 3.9% growth in economic activity for the first half of the year. The government is focused on economic diversification, competitiveness, and reducing barriers to growth and development. Continued cooperation and collaboration are crucial for improving the business environment.
September 23, 2023
Massy Stores Barbados Ltd Expands Self-Checkout Options to Meet Customer Demand and Keep Up with Global Trends
Massy Stores Barbados Ltd introduces self-checkout machines at their Warrens and Sunset Crest locations, offering customers more options and keeping up with global trends. More locations to follow.
September 23, 2023
Coalition of Cooperatives Comments on Recent Island-Wide Blackout by BLPC
The Coalition of Cooperatives comments on the recent blackout experienced by the Barbados Light and Power Company (BLPC), citing concerns about strategic planning, lack of investment, maintenance cuts, and dividend extraction.
September 23, 2023
Barbados Light & Power Restores Electricity Following Hurricane Elsa Damage
Barbados Light & Power has fully restored electricity after a seven-hour blackout, but some customers experienced intermittent outages due to challenges with renewable energy systems and grid instability.