Business
August 18, 2023
Barbados Tourism Marketing Inc Announces New Board Members and Positive Changes to Drive Tourism Industry Growth
Three new board members have joined the Barbados Tourism Marketing Inc (BTMI), bringing a wealth of tourism, finance, and cruise experience. The new board aims to bring a fresh approach and innovation to the organization's operations.
August 17, 2023
Barbados Prime Minister Discloses Plans for New Hotel Construction in Capital City
Discover the latest developments in Barbados' tourism industry, including plans for a new hotel in the capital, construction projects, and potential relocations and clean-ups.
August 17, 2023
Sam Lord's Castle - A Wyndham Grand Resort Set to Open in October at Higher Cost
Wyndham Grand Resort project at Sam Lord’s Castle is set to open in October at a higher cost of $229 million due to COVID-19-related delays. The resort will feature 422 rooms and a conference facility for up to 1,100 people.
August 16, 2023
Two Local Businesses Granted Approval to Operate in Barbados Medicinal Cannabis Industry: Amalgamated Security Services and Island Therapeutics Inc.
Barbados Medicinal Cannabis Licensing Authority (BMCLA) has granted approval to Amalgamated Security Services (Barbados) Limited and Island Therapeutics Inc. for operating in the medicinal cannabis industry, bringing the total number of approved businesses to nine with a combined 25 licenses.
August 11, 2023
CAF to open location in region
The Development Bank of Latin America and the Caribbean (CAF) is establishing a regional office in Barbados and the Eastern Caribbean to address developmental needs in the region.
August 11, 2023
BTMI searching for new CEO
The Barbados Tourism Marketing Inc. (BTMI) has confirmed the departure of CEO Dr Jens Thraenhart, stating that they have decided to go in a different direction. An interim replacement is acting until a permanent CEO is found. Thraenhart has reportedly taken up a position with the African Asian Union (AFASU) in Bangkok, Thailand.
August 11, 2023
Licensing Authority introducing commercial plates
The Barbados Licensing Authority (BLA) is implementing new registration number plates for commercial vehicles. Transition to the new plates is required based on vehicle renewal dates starting in September 2023. Some vehicles already display the new plates. Registration fees can be paid online or at the Barbados Revenue Authority branches. Commercial vehicles include delivery vehicles, trailers, tractors, and more. Taxis and other similar vehicles are excluded. Further information can be obtained by contacting the BLA.
August 10, 2023
The Right Move
Senator Lisa Cummins defends the decision to transition the National Insurance Scheme in Barbados to a standalone commercial state-owned enterprise, assuring no scaling back of benefits.
August 10, 2023
Dream Killer
PM Mottley expresses concern over delays in opening bank accounts in Barbados, impacting entrepreneurs. Calls for digital advancements and fair access to banking services.
August 10, 2023
BTMI ends contract with CEO Jens Thraenhart
The Board of Directors of BTMI announce the departure of CEO Dr. Jens Thraenhart and the search for a new CEO. CFO Craig Hinds will serve in the interim.
August 10, 2023
Thraenhart no longer with BTMI
Dr. Jens Thraenhart is no longer with the Barbados Tourism Marketing Inc. Reports suggest he is joining the African Asian Union. The search for a new CEO is ongoing.
August 10, 2023
PM announces plan for legacy fund
The Government of Barbados will establish a legacy fund over the next six months to enhance the island's ability to finance climate resilience and address economic growth beyond GDP. Prime Minister Mia Mottley emphasized the importance of financial capacity and securitization of assets.