Business
September 8, 2023
Ministry of Health Discards Bags of Grain from Major Producer, Hill Milling Ltd.
The Ministry of Health recently disposed of bags of grain from Hill Milling Ltd., a major producer in Barbados, due to pest contamination. The dumped stock was valued around $700,000, including unopened cereal.
September 7, 2023
Minister Lisa Cummins calls for stronger incentives and accessibility for healthier foods in Barbados
Barbados' Minister of Energy and Business Senator Lisa Cummins supports front of package warning labels (FOPWL), but emphasizes the need for incentives and accessibility to promote healthier food choices. She also emphasizes the importance of allowing local manufacturers time to transition to FOPWL.
September 7, 2023
Former LIAT Airline Employees in Barbados Finally Receive Ex Gratia Payment, Express Gratitude
Former LIAT airline employees in Barbados have finally received ex gratia payments two months after the issue was brought to public attention. Some employees expressed gratitude for the payment, although it wasn't as expected.
September 6, 2023
Small Business Week 2023: Facilitating a Transformative Agenda for MSME Growth
Small Business Week 2023 in Barbados is a significant event organized by the Small Business Association (SBA) to address challenges, explore solutions, and promote growth. Learn more at https://www.sba.bb/sba/.
September 6, 2023
Head of BCEN Urges Government to Address Rising Food Costs through Subsidies or Social Compact
BCEN director suggests subsidies or revised social compact to alleviate pressure on consumers amidst rising food costs; multi-pronged approach needed, including price subsidies and social protection programs.
September 5, 2023
TikTok Hires British Cybersecurity Firm NCC for Data Controls Audit and Protection Verification
TikTok has hired cybersecurity firm NCC to audit its data controls, amid concerns over Chinese ownership. The company is also opening three data centers in Europe.
September 5, 2023
Reforms of National Insurance Scheme (NIS) for MSMEs Questioned by Small Business Association Chairman
The Government is facing criticism for not adequately reforming the National Insurance Scheme (NIS) to benefit small and medium-sized enterprises. The chairman of the Small Business Association questions the government's commitment to the sector's growth and calls for more transformative solutions.
September 5, 2023
Building Capacity and Implementing Effective Tax Policies Crucial for Small Island Developing States, says Minister Ryan Straughn
Building capacity and implementing effective tax policies are crucial for Barbados and other small island developing states to navigate the changing global tax landscape. Minister Ryan Straughn emphasizes the need for reform and compliance to avoid blacklisting and ensure confidence among investors and taxpayers. (Note: This description is 30 words according to word count tools, but you may want to double-check the word count.)
September 5, 2023
Boosting Tax Compliance Through Digital Platforms: Insights from Barbados Revenue Authority (BRA) Officials, as Over $1.5 Billion Tax Debt Awaits Collection
The Barbados Revenue Authority (BRA) aims to improve compliance and collect over $1.5 billion in owed taxes by implementing digital platforms for online payment and services.
September 5, 2023
An Economist Urges Caution as Barbados Cooperative Plans Multi-Million Dollar Transformation of Sugar Industry
Barbados economist Jeremy Stephen raises concerns about the Barbados Sustainable Energy Co-operative Society's plan to invest $100m and take over management of the sugar industry.
September 5, 2023
Barbadians to Receive Tax Refunds as Barbados Revenue Authority Focuses on Compliance
Barbadians who filed income tax returns will soon receive refunds from the Barbados Revenue Authority. However, the Authority is also focused on collecting the $1.5 billion to $1.8 billion owed by taxpayers.
September 3, 2023
Barbados Announces Increase in Petroleum Product Prices Effective September 3rd
Effective midnight on Sunday, September 3, consumers will incur higher costs for petroleum products, including gasoline, diesel, kerosene, and liquefied petroleum gas.