Business
November 10, 2024
Barbados Light & Power Company Adopts Temporary Generation Solution to Meet Increasing Energy Demands
Barbados Light & Power Company addresses growing electricity demand by renting 11MW of temporary generation units due to insufficient batteries for renewable energy storage. Concerns raised over cost recovery methods.
November 9, 2024
Business Barbados Transition Ensures Job Security and Efficient Service: Minister Lisa Cummins
Minister Lisa Cummins assures no job losses as CAIPO transitions to Business Barbados, offering staff options to join the new entity or stay in central Government roles with improved efficiency.
November 8, 2024
American Economist Proposes New Tax Agreements for Caribbean Nations to Capture Overseas Income
American economist Jeffrey Sachs proposes new tax agreements for Caribbean nations to collect taxes from nationals working overseas. Suggestions include climate resilience, education, and economic partnerships for fiscal challenges in the region.
November 7, 2024
US Federal Reserve Chairman Defends Independence Amid Speculation over Tenure Amid Trump Presidency
US Federal Reserve chairman Jerome Powell refutes speculation of post jeopardy under Trump's administration. Fed cuts borrowing costs amid concerns over inflation, tariffs, tax cuts, and immigration policies.
November 7, 2024
Barbados Fishing Industry Demands Government Fulfill Promises Amid Hurricane Beryl Aftermath
Opposition leader Ralph Thorne demands government fulfill promises of financial aid for fishing industry post-Hurricane Beryl. Discontent among fisherfolk over delayed support payments; industry critical to Barbados' economy and culture.
November 7, 2024
ESPN Caribbean Secures Exclusive Media Rights Deal with Cricket West Indies Through 2030
CWI secures a six-year media rights deal with ESPN Caribbean for exclusive coverage of West Indies Men’s and Women’s home matches and CG United Super50 Cup from 2024 to 2030.
November 7, 2024
Barbados Prime Minister Mia Mottley & Honorary Consul Regina Sixt Collaborate to Expand Airlift with Germany and Western Europe
Barbados Prime Minister Mottley and Honorary Consul Sixt aim to resume airlift with Germany, Western Europe, and Scandinavia. Discussions include co-marketing efforts and pursuing corporate business opportunities.
November 7, 2024
Increase in Customer Bills Expected as Barbados Light & Power Company Defends Rental of Generators for Grid Demands
Barbados Light & Power Company defends renting generators to meet grid demands, resulting in higher customer bills. FTC approves cost recovery through Fuel Clause Adjustment. Plans for battery storage capacity announced.
November 7, 2024
Barbados Light and Power Company's Temporary Rate Increase Criticized by Consumers Ahead of Holiday Season
Barbadian consumers criticize Fair Trading Commission's approval of temporary rate increase for Barbados Light and Power Company, citing concerns over impact on cost of living and lack of competition.
November 7, 2024
Minister Ryan Straughn Looks to Renewable Energy Investments to Stabilize Electricity Costs Amid Concerns
Minister Ryan Straughn discusses government's strategy to stabilize energy costs through renewable energy investments, aiming to reduce reliance on fossil fuels and lower electricity prices in the long term.
November 7, 2024
Barbados Initiates Call for Information on Battery Energy Storage Systems (BESS) - Minister expects local and international bids in upcoming procurement
Barbados prepares for its first battery energy storage system procurement, inviting local and international bids to support renewable energy integration and grid stabilization. Consultation period for project insights open until November 28.
November 7, 2024
Minister Ryan Straughn Urges Economists to Simplify Macro and Microeconomy Discussions for Better Financial Decisions
Minister Ryan Straughn urges economists to simplify discussions on micro and macro economy for better financial decisions. Emphasizes the need for clarity and connection with citizens for economic development.