Business
September 27, 2023
Virgin Atlantic Expands Caribbean Presence with Barbados as Hub: CEO Reveals Expansion Plans
Virgin Atlantic plans to use Barbados as a hub for expanding into other Caribbean destinations. The airline has been increasing its services to Barbados and sees it as a strategic regional hub. The expansion is part of Virgin Atlantic's strategy to strengthen its presence in the Caribbean market.
September 25, 2023
Barbados Sees Increase in Air and Cruise Visitors, Minister of Tourism Says
Barbados experienced a 15% increase in visitor arrivals by air from January to August 2023 compared to the same period last year, demonstrating a rebound in the tourism industry.
September 24, 2023
Export Barbados and Government of India Partnership to Drive Small Business Expansion, Says Minister of State
Export Barbados has partnered with the government of India to expand the small business sector, with a focus on generating employment and transferring knowledge and skills in packaging and design. The project will be sustained for five years. Minister of State in the Ministry of Foreign Trade and Business Development, Sandra Husbands, emphasized the importance of tackling global technological changes and narrowing the digital divide. The government is implementing various initiatives to foster innovation and create opportunities for businesses, including the establishment of an International Food Science Centre and a Life Sciences Park. Despite unfavorable global developments, Barbados has shown resilience, with 3.9% growth in economic activity for the first half of the year. The government is focused on economic diversification, competitiveness, and reducing barriers to growth and development. Continued cooperation and collaboration are crucial for improving the business environment.
September 23, 2023
Massy Stores Barbados Ltd Expands Self-Checkout Options to Meet Customer Demand and Keep Up with Global Trends
Massy Stores Barbados Ltd introduces self-checkout machines at their Warrens and Sunset Crest locations, offering customers more options and keeping up with global trends. More locations to follow.
September 23, 2023
Coalition of Cooperatives Comments on Recent Island-Wide Blackout by BLPC
The Coalition of Cooperatives comments on the recent blackout experienced by the Barbados Light and Power Company (BLPC), citing concerns about strategic planning, lack of investment, maintenance cuts, and dividend extraction.
September 23, 2023
Barbados Light & Power Restores Electricity Following Hurricane Elsa Damage
Barbados Light & Power has fully restored electricity after a seven-hour blackout, but some customers experienced intermittent outages due to challenges with renewable energy systems and grid instability.
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.