Business
September 2, 2023
Suriname's Finance Minister Defends Decision to Amend VAT Amidst Inflation Concerns
Finance Minister Stanley Raghoebarsing defends the Suriname government's decision to amend the value added tax (VAT), acknowledging mistakes in implementation. The International Monetary Fund (IMF) has outlined this as a condition for providing assistance to the country.
September 1, 2023
Grenada Prime Minister Adjusts Citizenship By Investment Program Fees
Grenada has adjusted its Citizenship By Investment (CBI) program, increasing the interviewing fees for foreign investors and introducing a financial sponsor interviewing fee. The changes are intended to strengthen background checks and prevent money laundering and tax evasion.
September 1, 2023
First-Time Offender Ordered to Pay $26,000 for Illegal Gun and Ammunition Case
Tristan Kemar Scott, a first-time offender, has been ordered to pay a total of $26,000 for possessing an illegal gun and ammunition. The sentence was imposed by Madam Justice Pamela Beckles in the No. 5 Supreme Court.
September 1, 2023
BARVEN Calls for Government Bailout for Barbadian Crop Farmers Facing Heavy Losses due to Recent Heavy Rains
The Barbados Association of Retailers, Vendors and Entrepreneurs (BARVEN) is urging the government to provide a bailout for crop farmers affected by heavy losses caused by recent heavy rains.
August 31, 2023
President of DLP Challenges Prime Minister to Align Parliamentarians' Pension Age with General Population
DLP leader, Dr. Ronnie Yearwood, challenges Prime Minister Mia Mottley to raise the pension age for politicians and repay the $1.3 billion debt owed to the NIS.
August 31, 2023
Understanding Proposed Changes to Barbados' National Insurance Scheme and Other Reforms
This article discusses Prime Minister Mia Amor Mottley's address to the nation, focusing on the proposed changes to the National Insurance Scheme (NIS) Pension Scheme and other related reforms in Barbados. It also touches upon the concept of Barbados becoming a "world-class" society and the departure of the CEO of Barbados Tourism Marketing Inc. (BTMI).
August 31, 2023
Embassy of Barbados and Panama's Ministry of Culture Collaborate for Crochet Workshop Empowering Women in Business
The Embassy of Barbados and Panama's Ministry of Culture hosted a crochet workshop empowering women with the tools and skills to improve their businesses.
August 30, 2023
Predictions for Investment Returns in the Caribbean Region Remain Cautious in Near Term
A top official at Fortress Fund Managers expresses little optimism for strong investment returns in the near term in the local and Caribbean bonds and equity market. Diversification and global investments are recommended.
August 30, 2023
Proposed Legislation in the Bahamas Aims to Decriminalize Cannabis for Medical and Therapeutic Use
The Bahamas government has launched a public consultation on legislation to decriminalize cannabis for medical, research, and religious use. The legislation aims to improve the quality of life for patients and explore the economic potential of cannabis production.
August 29, 2023
Import Duties and Taxes on Plain T-Shirts: Local Designers Call for Reduction
Local designers are calling for a reduction in import duties and taxes on plain T-shirts, citing hindrances to profitability and the inability to compete with international brands.
August 29, 2023
interCaribbean Airways Introduces New ATR 72 Turboprop Aircraft for Enhanced Regional Travel Experience
Discover the highly-anticipated ATR 72 aircraft by interCaribbean Airways, featuring modernity, comfort, and sustainability. With 68 seats, this environmentally-friendly turboprop offers outstanding performance and is part of the airline's commitment to improving passenger experiences and minimizing their carbon footprint. Visit www.intercaribbean.com for more details.
August 29, 2023
FTC Hearing on BL&P's Electricity Rate Decision Adjourned Pending Ruling
The Fair Trading Commission (FTC) hearing on the electricity rate decision by the Barbados Light & Power Company has been adjourned. A decision will be issued in the future.