Business
November 15, 2023
Barbados Hotel and Tourism Association Predicts Favorable Winter Season for 2023/2024, Despite Lower Airlift Capacity
The Barbados Hotel and Tourism Association (BHTA) predicts a positive winter season for 2023/2024, with increased airlift capacity from key markets such as the UK and US. Cruise travel is also showing promising signs.
November 14, 2023
Invest in Barbados: Central Bank Governor Highlights Strong Economy at Intra-African Free Trade Event
Discover why Barbados is an attractive investment opportunity with strong economic indicators, including high foreign reserves and a focus on trade integration. Join the Barbados-Africa Investment Forum for unique insights.
November 14, 2023
IMF Gives Barbados' Economic Recovery Efforts Passing Grade, Approves $75 Million Disbursement
The International Monetary Fund's staff mission to Barbados has commended the country's economic recovery, leading to the potential disbursement of $75 million next month. Recommendations for further growth were also provided.
November 13, 2023
BAS CEO James Paul Addresses Potential Chicken Shortage Concerns for Yuletide Season
Chicken and egg lovers can rest easy this Yuletide season, as the president of the Barbados Egg and Poultry Producers’ Association and the CEO of the Barbados Agricultural Society have confirmed there will be no shortage.
November 12, 2023
Dr Grenville Phillips: A Key Player in the Acquisition and Merger of Nation Group and One Caribbean Media
Celebrate The Nation's 50th anniversary with inspiring stories from individuals who played a significant role in its growth and success in the series, Nation Builders.
November 12, 2023
Petronas Explores Potential Oil Project in Suriname's Block 52 Offshore Region
Petronas, a Malaysian energy multinational, has held discussions with the Surinamese government about a potential oil project in Block 52. Two more exploration drillings will be conducted before a final investment decision is made. Gas discoveries require new negotiations due to the costly liquefaction process.
November 8, 2023
Barbados Trust Fund Ltd Celebrates Fifth Year of Operations, Small Business Association Calls for Increased Micro-Lending Supply
The Small Business Association of Barbados (SBA) discusses the importance of financing micro, small, and medium enterprise (MSME) development to foster entrepreneurship and economic growth in Barbados. Learn more at https://www.sba.bb/sba/.
November 8, 2023
Barbados Prime Minister Announces Overhaul of Corporate Tax Structure, Potential Impact on Global Business
Prime Minister Mia Mottley announced changes to the corporate tax structure in Barbados, including a 9% tax rate and a top-up tax for multinational enterprises, aiming to comply with international tax rules. The changes will come into effect from January 1, 2024.
November 8, 2023
NHC and PHD to Sign New Lease Agreement for State Land Occupied by Processing Plant
The National Housing Corporation (NHC) and Pine Hill Dairy (PHD) are expected to sign a new lease agreement for the state land occupied by the processing plant. Negotiations are underway for a more traditional lease arrangement.
November 7, 2023
Rochelle Walrond-Cox's Envoici Wins the Sandra Husbands Award for Regional Accounting Software Solution
Rochelle Walrond-Cox, co-founder of Envoici accounting software, recently won the Sandra Husbands Award. She started her business after her mother's breast cancer diagnosis. She credits her success to her support team and offers advice to other entrepreneurs.
November 7, 2023
Barbados Government Seeks Higher Rent from Pine Hill Dairy for Occupied State Land
The Barbados Government is negotiating with Pine Hill Dairy to increase the rent for the state land it has occupied since 1966, following the expiration of a 50-year lease agreement.
November 7, 2023
AOPT Members Seek Urgent Meeting with Transport Board Over Delayed Payments under TAP Program
Several Alliance Owners of Public Transportation (AOPT) members are seeking a meeting with the Transport Board to discuss delayed payments under the Transport Augmentation Programme (TAP). Dissatisfaction and frustration are mounting due to the continuous defaulting on payments.