Business
July 30, 2024
Barbados' Economy Set for Boost as Crop Over Festivities Drive High-end Ticket Sales
Barbados' economy receives a boost from high-spending partygoers at Crop Over last lap events, with premium tickets selling for up to $300 and a variety of fetes and cruises attracting both locals and foreigners.
July 30, 2024
Recommendation for Export Diversification in Caribbean Countries Post-COVID-19: Insights from CDB Study
Barbados and other Caribbean countries are advised to diversify exports for economic growth post-COVID-19. Study by Caribbean Development Bank highlights benefits and policy considerations for export diversification.
July 30, 2024
Economy of Barbados Shows Robust 4.5% Growth in First Half of 2024, Boosted by Tourism Sector
Barbados' economy sees robust 4.5% growth in the first half of 2024, driven by record tourism performance, construction, manufacturing, and agriculture sectors. Unemployment rate drops to 6.9%. Inflation moderates.
July 30, 2024
Barbados Rum Industry Seeks Sugar Boost for Expansion, Says Agriculture Minister
Barbados rum industry poised for expansion, faces sugar shortage. Agriculture Minister highlights need for increased sugar production to meet growing demands of world-class rum sector. Sugar industry privatization and challenges discussed.
July 30, 2024
Barbados Positioned as Potential Supply Hub for Caribbean Cruise Lines, Emphasizing Consistency in Manufacturing, Says Tourism Minister Ian Gooding-Edghill
Barbados aims to become a key cruise supply hub in the Caribbean. Tourism Minister emphasizes the need for consistent local goods supply to cater to major cruise lines. Networking seminar focuses on standards and logistics for domestic producers.
July 29, 2024
Venezuela's President Maduro Declared Winner in Presidential Election Amid Controversy
Venezuela's President Nicolás Maduro wins presidential election with 51% of the vote, sparking opposition claims of fraud. Result could impact the country's economy and international alliances.
July 29, 2024
Manpower Shortages at Crop Over Festival as Local Entertainment Sector Rebounds Post-Pandemic
Manpower shortages during Crop Over Festival due to increased events and workers exiting the entertainment sector. Industry faces challenges in skilled personnel availability post-COVID-19 shutdown. Opportunities for improvement highlighted.
July 28, 2024
Vice President Kamala Harris' Campaign Gains Momentum with $200 Million Fundraising Haul Against Republican Challenger
Vice President Kamala Harris' campaign has raised $200 million, with 66% from first-time donors. Over 170,000 volunteers support her efforts as Election Day approaches in 100 days.
July 27, 2024
Barbados Advances First Battery Energy Storage Systems Procurement Project for Grid Support and PV Connections
Barbados progresses towards launching its first Battery Energy Storage Systems procurement project to bolster the grid and facilitate Solar PV connections. Ministry of Energy hosts workshop with stakeholders for critical decisions.
July 27, 2024
Paradigm Shift in Management Styles: Meeting the Expectations of New Generation Workers
Companies urged to adapt management style for new generation of workers. Caribbean Catalyst Inc. highlights survey results and best practices for future growth and employee engagement.
July 27, 2024
Barbados Addresses Escalating Crime Wave: Insights from National Leaders and Private Sector
Barbados faces a surge in violence prompting national action. Opposition launches crime commission, PM calls for prayer, and private sector seeks united plan to combat societal violence.
July 27, 2024
Barbados Ministry of Agriculture Finds Success in Homegrown Rice Trial with China, Aims to Reduce Imported Rice Bill
Barbados Ministry of Agriculture partners with China to successfully harvest three tonnes of homegrown rice, aiming to reduce annual rice imports by a quarter and enhance agricultural self-sufficiency.