Business
November 7, 2024
55th Annual Monetary Studies Conference: Addressing Unique Economic Challenges in the Caribbean with Research-Based Solutions
Governor of the Central Bank of Barbados emphasizes the importance of research in addressing economic challenges faced by Caribbean economies at the 55th Annual Monetary Studies Conference. Discussions focus on driving economic resilience amid regional crises.
November 7, 2024
Barbados Light & Power Rental of Aggreko Generators: Managing Director Emphasizes Need for Increased Capacity Amid Rising Demand
Barbados Light & Power (BL&P) utilizes temporary Aggreko generator units to meet rising energy demands. Procurement for 60 MW energy storage is underway to support renewable energy goals. Customers may see a slight increase in electricity bills.
November 7, 2024
Barbados Government Delays Immediate End to Two Per Cent Foreign Exchange Fee Despite IMF Recommendations
Government currently has no immediate plans to end the two per cent foreign exchange fee in Barbados, despite IMF recommendations. The fee has generated significant revenue for the government.
November 7, 2024
Barbados to Receive US$57 Million from IMF Amid Positive Economic Outlook
Barbados anticipates receiving an additional US$57 million from the IMF following positive economic and fiscal progress. Officials highlight successful reforms and sustained economic growth, projecting continued stability and growth.
November 4, 2024
Caribbean Urged to Unify for Sustainable Shipping: Addressing GHG Emissions in IMO Negotiations
Caribbean states, including Barbados, urged to unite in reducing greenhouse gas emissions from ships to safeguard economic interests. Dr. Jan Yves Remy leads initiative for unified regional approach.
November 3, 2024
Light and Power Employees Co-operative Credit Union Ltd Marks 40th Anniversary with Impressive Growth and Strategic Vision | Lt-Col Trevor Browne Shares Insights
Lt-Col Trevor Browne reflects on the growth of The Light and Power Employees Co-operative Credit Union Ltd over 40 years, emphasizing its impressive evolution, innovative digitization, and the importance of strategic wealth-building for members' future generations.
November 1, 2024
From Class Clown to Comedic Entrepreneur: Jamel Sampson's Journey to Social Media Stardom and Business Success
Jamel Sampson, a Trinidadian comedian, has successfully transitioned from social media fame to entrepreneurship with his Certified Scoop ice cream business. Known for his character 'Ezekiel', he is rapidly gaining popularity.
November 1, 2024
University Economists and Advocate Analyze Barbados' 3.9% Economic Growth Amid Concerns of Rising Debt and Government Spending
University economists and a consumer advocate express concern over Barbados' 3.9% economic growth, citing increased debt obligations and the need for a balanced fiscal strategy to sustain progress.
October 31, 2024
Russian Court Fines Google Heavily for Restricting State Media on YouTube, SEO-Optimized Fine Details
A Russian court fines Google an astronomical sum for limiting state media channels on YouTube, surpassing Google's worth and the world's GDP. Kremlin urges Google to address the issue.
October 31, 2024
Central Bank Governor Issues Warning About Suspected Ponzi Scheme by TKY Media
Central Bank Governor warns of suspected Ponzi scheme by unregistered company TKY Media, promising quick earnings through upfront payments and exaggerated returns. Authorities investigating.
October 31, 2024
Russian Court Fines Google Record-Breaking Sum for Restricting State Media Channels on YouTube
A Russian court fines Google an astronomical sum for limiting state media channels on YouTube, surpassing Google's worth and the world's GDP. Tensions escalate amid media restrictions and geopolitical conflicts.
October 31, 2024
CEO of Small Business Association Addresses Challenges Amid Ongoing Chicken Shortage
SBA CEO Dr. Lynette Holder addresses the challenges faced by caterers and small food businesses due to the ongoing chicken shortage. Businesses resort to small-scale farmers for limited supplies amid struggles with larger suppliers.