Business
September 23, 2023
Kensington Oval Chosen as Venue for T20 World Cup 2023: Barbados Cricket Association's Compelling Bid Successful
Kensington Oval has been selected as a venue for the upcoming T20 World Cup, following a successful bid by the Barbados Cricket Association. The tournament will also be held in various other Caribbean countries and the United States.
September 22, 2023
Barbados Faces Islandwide Power Outage Causing Widespread Disruption
Barbados experienced an islandwide power outage that led to disruptions in various sectors, including retail stores, schools, and food establishments. Power was restored by 8 p.m. and the situation is under review.
September 20, 2023
Barbados Advocate Employees Face Unpaid Salaries Again, Blame Financial Challenges
Employees of The Barbados Advocate face ongoing payment issues as the company struggles to collect money from debtors, leading to extended periods without salaries.
September 20, 2023
The Global Business Sector: A Key Contributor to Barbados' Economy, Overcoming Pandemic Challenges
The global business sector in Barbados has shown resilience and continued to contribute significantly to the local economy, with the government reporting over 70% of tax revenues coming from the sector. Despite challenges like the COVID-19 pandemic, the sector has remained strong and stable, contributing to various sectors such as real estate, tourism, and salaries. The sector will be further discussed and explored during Global Business Week 2023, where topics like cross-border transactions and global minimum corporate tax will be examined. The sector's strength and resilience are attributed to its ability to adapt to changing regulations and international standards.
September 20, 2023
Latest Auditor General's Report Reveals Discrepancies in Barbados Revenue Authority Operations and Accounting Activities
The Auditor General's report reveals discrepancies within the operations of the Barbados Revenue Authority, including errors in income tax receivables and tax refunds. The BRA attributes some errors to system issues and delays in providing correct information. Prompt action is needed to address these significant challenges.
September 19, 2023
Remembering John Fraser: A Courageous Battle Against Pancreatic Cancer and a Life Well-Lived
Discover the inspiring life and career of Professor Sir Henry Fraser, a renowned figure in accounting and risk management, through his autobiography and numerous professional accomplishments.
September 19, 2023
12-Year-Old Aria Howell Launches Ohmigosh by Ari: All-Inclusive Children's Spa Parties Business
Aria Howell, inspired by her family's entrepreneurship, has launched Ohmigosh by Ari, offering all-inclusive children's spa parties with services, food, decor, and skincare products.
September 19, 2023
Call for Action to Complete Annual Audited Financial Reports by State Entities, Says Auditor General
Auditor General calls for action as several state entities in Barbados have not completed required audited financial reports for up to seven years.
September 19, 2023
Injunction to be filed as Cavans Lane and Fort Willoughby Closure Delayed for Pierhead Development Project: News by Maria Bradshaw
Discover the latest updates on the Pierhead Development Project in Bridgetown, including the delayed closure of Cavans Lane and Fort Willoughby and the legal actions taken by affected tenants.
September 17, 2023
Western Union Remission Fund Distributes $40 Million to Victims in the Caribbean and the United States, DOJ Announces
The US Department of Justice (DOJ) has started distributing around $40 million from the Western Union Remission Fund to 25,000 victims of fraudulent schemes in various locations. This is the first distribution of the second phase of the fund, with more distributions anticipated in the future. Western Union had previously entered into a deferred prosecution agreement with the DOJ in 2017, acknowledging its role in criminal conduct and agreeing to forfeit $586 million to compensate victims. The fraud schemes targeted consumers, including seniors, with scams such as the grandparent scam, lottery scams, and romance scams.
September 17, 2023
DOJ Begins $40 Million Distribution from Western Union Remission Fund to 25,000 Victims
The United States Department of Justice has announced that the Western Union Remission Fund has started distributing approximately US$40 million to about 25,000 victims of a fraud scheme. These victims will receive full compensation for their losses. This distribution marks the beginning of the second phase of the fund's distributions, with more distributions expected in the future. The Western Union Remission was opened in March 2022 to allow victims who hadn't filed petitions in the first phase to apply for remission. The Department of Justice continues to accept petitions for remission from victims of the scheme. The Western Union fraud scheme involved various scams that targeted consumers, particularly seniors, and convinced them to send money through Western Union. Western Union entered into a deferred prosecution agreement in 2017 and agreed to forfeit funds to compensate victims.
September 17, 2023
Trinidad and Tobago Prime Minister Cleared of Wrongdoing in Townhouse Purchase Investigation
The Integrity Commission has cleared Trinidad and Tobago's Prime Minister, Dr. Keith Rowley, of wrongdoing in the townhouse purchase, but requested him to amend his declaration to reflect accurate information.