Business
October 1, 2023
Government Plans to Implement Policy to Tax High Electricity Consumers During Peak Hours - Vice President Bharrat Jagdeo
Georgetown, Guyana plans to tax high electricity consumers during peak hours due to increased demand and self-generating customers connecting to the national grid. Conservation practices are encouraged. (Note: This description can be modified to fit specific SEO requirements)
October 1, 2023
Pan-American International Insurance Corporation Building Radiates Pink Glow on Eve of Breast Cancer Awareness Month
"On the eve of Breast Cancer Awareness month, Pan-American International Insurance Corporation illuminates its building with a vibrant pink glow, symbolizing resilience and commitment to fighting breast cancer."
September 30, 2023
CIBC FirstCaribbean Reports 70% Surge in Net Income for First Half of the Year
CIBC FirstCaribbean International Bank reports a 70% increase in net income for the first half of the year, driven by higher interest rates, loan growth, and improved economic conditions in the region. The bank has also concluded the sale of banking assets in St Vincent and the Grenadines and plans to assess strategic options for growth in the St Kitts-Nevis-Anguilla market.
September 30, 2023
Barbados' New Senior Counsels Urge Legal Profession to Address Negative Public Perception
Barbados' new Senior Counsels are addressing the negative public perception of the legal profession, emphasizing the need for individual lawyers to speak out against wrongdoing and calling for a mentorship program within the fraternity.
September 30, 2023
Barbados Central Bank Governor Calls for Focus on Green Initiatives and Technological Advancements in Local Banks
The Barbados Central Bank Governor emphasizes the need for local and counterpart institutions to direct cash towards green initiatives, technological advancements, and sustainable infrastructure projects. Funding strategies should be innovative and diversified. Public-private sector partnerships are crucial for launching economically viable and beneficial projects. The Caribbean's financial surplus offers both challenges and opportunities, and central banks play a pivotal role in directing investments towards sustainable growth. Green bonds, climate finance, foreign direct investments, and technology and innovation funds are avenues to access capital for responsible projects. Collaboration with institutions like Afreximbank and China Exim Bank enriches international funding and trade opportunities for the Caribbean.
September 30, 2023
Central Bank Governor Dr Kevin Greenidge Proposes Five-Pronged Economic Model for Sustainable Inclusive Growth in Barbados and the Caribbean
Central Bank Governor Dr Kevin Greenidge proposes a sustainable economic model for inclusive growth in the Caribbean, focusing on the Blue Economy, digital transformation, green energy, agriculture, and regional integration.
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.