Business
November 27, 2024
Update: No Hennessy Artistry Event Scheduled for This Year, Brand Manager Confirms Focus on Local Arts and Entertainment
Hennessy Artistry in Barbados will not be held this year, with plans to invest in smaller events and local platforms instead. Future return is likely, focusing on music collaborations.
November 27, 2024
Opposition Leader Ralph Thorne Raises Concerns Over Barbados-US$500 Million MOU with EXIM Bank for Renewable Energy and Infrastructure Projects
Opposition Leader Ralph Thorne raises concerns over Barbados' US$500 million MOU with the US EXIM Bank, questioning the country's debt sustainability and economic dependence on external financing. Thorne urges focus on economic productivity.
November 27, 2024
Government MP Criticizes Corporate Registry in Barbados, Calls for Overhaul | Business Barbados Bill Discussed
Government MP criticizes Corporate Affairs and Intellectual Property Office (CAIPO) as inefficient and not business-friendly. Calls for overhaul through Business Barbados Bill to improve business registration and intellectual property services.
November 27, 2024
Consumers React to Proposed Egg Price Increase on Barbados Island
The DAILY NATION reports on the proposed increase in egg prices by eight cents per egg until year-end, with mixed reactions from consumers and business owners on the potential impact.
November 27, 2024
Barbados' 2024-2025 Mid-Year Review Reveals Revenue Surpasses Expectations by 12.5%
Barbados surpasses revenue expectations for 2024-2025 fiscal year by 12.5%, driven by strong corporate tax and property tax collections. VAT receipts fall short due to higher refunds, but economy remains positive.
November 26, 2024
Private Sector Progress and Reforms in Barbados and the Caribbean: A Path to Accelerated Growth
Key reforms are needed in the Private Sector in Barbados and the Caribbean to enhance the business environment and firm productivity for long-term growth. Recommendations are outlined in the new IDB and Compete Caribbean publication.
November 26, 2024
Barbados Egg Producer Agrees to Ministerial Intervention, Maintains Egg Prices Amid Holiday Season
Barbados' main egg producer suspends an 8-cent price hike on eggs following intervention by Minister of Agriculture, ensuring stable prices until after Christmas. Poultry production to meet holiday demand.
November 25, 2024
Fire at Warrens Shopping Complex Prompts Evacuation: Updates on Massy Supermarket Closure
A fire at Warrens Shopping Complex in Barbados originated in a laundromat dryer, causing thick smoke and temporary closure of Massy Supermarket. Efforts are ongoing to reopen the store.
November 25, 2024
General Motors Reaches Agreement to Enter Formula 1 with Cadillac Brand in 2026
General Motors and TWG Global plan to enter Formula 1 in 2026 with Cadillac, building their own engine later. F1 welcomes the move, with GM set to pay a $450m anti-dilution fee.
November 25, 2024
Barbados and U.S. Ex-Im Bank Sign $500M MOU to Boost Renewable Energy and Cybersecurity
Barbados and the U.S. Export-Import Bank sign a US$500 million MOU to enhance sectors like renewable energy, cybersecurity, water, and maritime awareness, supporting Barbados' renewable energy goals and digital security.
November 25, 2024
Egg Price Increase Effective Immediately due to Shortage, Chickmont Imports 80-Cent Eggs
Barbados' largest egg supplier, Chickmont, has announced a temporary price increase due to a shortage of eggs caused by competitors. The Barbados Agricultural Society hopes this will not set a precedent.
November 24, 2024
interCaribbean Airways Named World's Leading Regional Airline 2024 by World Travel Awards
interCaribbean Airways named "World’s Leading Regional Airline 2024" at World Travel Awards. Chairman Lyndon Gardiner accepts award, highlighting airline's global recognition and commitment to Caribbean connectivity and service excellence.