Business
December 13, 2024
Amazon and Meta Announce Million-Dollar Contributions to Trump's Inaugural Fund
Amazon and Meta each contribute $1 million to Trump's inaugural fund. Amazon's relationship with Trump has been rocky due to Bezos' ownership of The Washington Post. Meta's Mark Zuckerberg also endorses Trump.
December 13, 2024
Barbados Port Inc Warns of Peak Season Delays, Plans Dedicated Cargo Berth
Barbados Port Inc (BPI) warns of delays during peak cruise and cargo season. Plans for a dedicated cargo berth to balance cruise and cargo operations. Construction of Berth 6 underway.
December 13, 2024
Anticipation Fizzles: Retailers Brace for Christmas Season Amid Uncertainty Over Potential 'No VAT Day' Announcement
Anticipation for a potential ‘No VAT Day’ during the festive shopping season fades as retailers prepare for a Christmas without the tax break. Government remains silent on the possibility. Business strategies adapt to last year’s missed opportunity.
December 13, 2024
Speightstown Welcomes First Luxury Cruise Vessel, Emerald Sakara, in Historic Milestone
Speightstown welcomes its first small cruise vessel, Emerald Sakara, marking a historic milestone for the town. Barbados Port Inc. collaborates with Coastal Zone Management Unit for moorings and guest services.
December 12, 2024
GAIA Inc. Grapples with $35.6 Million Deficit Amidst Ongoing Pandemic Turbulence | Financial Update 2024
Government-owned GAIA Inc. faces a $35.6 million deficit due to ongoing financial challenges from COVID-19. Despite this, the company shows progress with a marginal profit in the latest financial year.
December 11, 2024
Barbados Tourism Sector Set to Improve with Landmark Collective Agreement between BHTA and BWU
Barbados tourism industry workers may see improved pay and conditions with a new collective agreement between BHTA and BWU, a significant step for the country's key sector employing 35,000 people.
December 10, 2024
China Signals Economic Stimulus Readiness Amid Trade Tariff Concerns
Chinese leaders signal readiness to deploy stimulus to counter expected U.S. trade tariffs, shifting to loose monetary policy and proactive fiscal measures to prioritize growth over financial risks.
December 10, 2024
Barbados Consumer Rights Group Challenges Coconut Water Price Hikes by Retailer Association
The Barbados Consumer Empowerment Network opposes recent coconut water price hikes by BARVEN, citing operational challenges for vendors and urging a balanced approach to protect both vendors and consumers.
December 10, 2024
Speightstown Shops Struggle Amidst Tourist-Driven Transformation | Insights from Local Business Owners
Speightstown, St Peter, once a vibrant commercial hub, now struggles to regain its former glory. Vendors and business owners reflect on the town's evolution and current challenges amid a changing landscape.
December 10, 2024
Balancing Cybersecurity Risks and Digital Transformation in Barbados: The Importance of Data Governance
Explore the challenges and importance of Data Governance in Barbados' digital transformation. Learn about cybersecurity concerns and the need for robust safeguards in critical services like healthcare and transportation.
December 10, 2024
Small Businesswoman's Home and Business Destroyed by Fire: Determination Fuels Recovery Efforts
Small businesswoman Talicia Lewis faced a devastating fire that destroyed her home and business, receiving community support as she rebuilds. The uninsured property loss included her baking and ice popsicle businesses.
December 9, 2024
WIBISCO's 2024 Profits Decrease Due to Rising Taxes and Global Tax Compliance Measures
WIBISCO's 2024 financial year saw a decrease in net income due to higher taxes, with corporation tax increasing to nine percent. Despite this, revenue increased by five percent to $78.4 million.