Business
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.
September 3, 2023
Pilot Project Between Barbados and China Yields Successful Harvest of Upland Rice, Advancing Food Security
A pilot project between Barbados and China has successfully cultivated upland rice, a crop suited for dry soil conditions, contributing to the drive for food security.
September 3, 2023
Conscientious Shoppers Seek Affordable Prices as Social Compact Ends
The Social Compact by Government, private sector, and labor aimed to reduce mark-ups on certain items, ending on July 31. Shoppers expressed increased selectivity and price comparison.
September 2, 2023
Former Government Minister Calls for Job Description and Extended Retirement Age for Members of Parliament in Barbados
Former government minister and senator, Rudolph Cappy Greenidge, calls for a job description for Members of Parliament in Barbados, stating that they are seen as "modern-day sugar daddies" by constituents. He also suggests increasing the pensionable age for MPs.
September 2, 2023
Arrangements Underway for Purchase of Assets of Bankrupt LIAT (1974) by LIAT (2020) Limited, Says Antigua and Barbuda Government
The Antigua and Barbuda government is negotiating arrangements with LIAT (2020) Limited and LIAT (1974) regarding the purchase of assets, while other states are pursuing the establishment of a competing airline. The government is prepared to invest $15-20 million in the new venture, which will have six planes and an air operating certificate already secured.
September 2, 2023
World Bank and Inter-American Development Bank Collaborate to Provide Major Assistance for Resilience Building in Barbados and Caribbean
The World Bank and the Inter-American Development Bank have signed a four-year agreement to support Barbados and other countries in building resilience in areas such as climate change and digitization. Trillions of dollars will be made available to achieve development goals.
September 2, 2023
Barbados' Sugar Industry Transition Underway as Minister Supports Worker Ownership, Sustainable Energy Focus
The management transition of Barbados' sugar industry is progressing as planned, according to Minister of Agriculture Indar Weir, who stated that the industry would be owned by Barbadians.