Business
June 28, 2024
SOL Petroleum (Barbados) Ltd Found Liable by Fair Trading Commission for Abusive Business Practices
SOL Petroleum (Barbados) Ltd found liable for abusive business practices affecting national security, ordered by Fair Trading Commission to cease practices and make restitution to state-owned Barbados National Oil Company.
June 28, 2024
5% Discount Deadline for Land Tax Bills Approaching: Key Dates and Payment Options Revealed by Barbados Revenue Authority
Property owners in Barbados can get a 5% discount on their 2024-2025 Land Tax bills by making in-person payments at specified locations or paying online through the BRA Land Tax Portal.
June 28, 2024
Impact of ICC Men’s T20 World Cup on Barbados: Analysis and Reflections
The ICC Men’s T20 World Cup nears its end with games at Kensington Oval. Despite excitement, business impact in Barbados seems below expectations, with private sector not seeing significant benefits.
June 27, 2024
Barbados Business Collaboration: Empowering MSMEs for ICC Men’s Cricket World Cup Success
Collaboration among Barbados business organizations led to a grand exhibition for 100 MSMEs ahead of the ICC Men’s Cricket World Cup, offering networking, learning, and growth opportunities. Organizers emphasized benefits and commendable partnership efforts.
June 27, 2024
Barbados Central Bank Mandates Reporting Major Cyber Incidents Within Four Hours for Financial Institutions
The Central Bank of Barbados enforces new regulations mandating prompt reporting of major cyber incidents by financial institutions to enhance cybersecurity in response to the rising trend of online banking adoption.
June 26, 2024
Explore CIBC Caribbean's New Ways to Bank Digital Hub for Convenient Access to Digital Services
CIBC Caribbean introduces Ways to Bank Digital Hub, offering clients centralized access to digital banking services for convenient and efficient everyday transactions. Mobile and desktop-friendly platform enhances control over finances.
June 26, 2024
Market Hill Project Progress Delayed, Kiosks for Small Businesses Remain Government Focus, MP Toni Moore Confirms
Government officials in St George North address delays in Market Hill project for small business kiosks. Vending bill passed, progress made, urgency emphasized for safe vending zones across the island.
June 25, 2024
Barbados Cybersecurity Threats: Insights and Solutions for Online Safety
Barbados faces cybersecurity threats with citizens vulnerable due to limited awareness. Unofficial apps like GB WhatsApp pose risks, lacking encryption and potentially harboring malware. Vigilance and 2FA are crucial for protection.
June 25, 2024
BTCCUL Reports Record Income, Addresses Delinquent Loans in 2023-2024 Annual Report
The Barbados Teachers’ Co-operative Credit Union Limited (BTCCUL) reports record income in 2023-2024 annual report. Concerns over delinquent loans addressed with legal assistance ahead of annual meeting.
June 25, 2024
Major Record Labels Sue AI Start-ups for Alleged Copyright Violation in Landmark Case
Major record labels Sony, Universal, and Warner sue AI start-ups Suno and Udio for alleged copyright infringement. Lawsuits challenge AI firms' rights to use music, seeking $150,000 compensation per work.
June 25, 2024
US Prosecutors Recommend Criminal Charges Against Boeing for Violating Settlement on 737 Max Crashes
US prosecutors recommend criminal charges against Boeing for violating a settlement related to 737 Max crashes that killed 346 people. Boeing denies the breach. DoJ to decide by July 7.
June 24, 2024
Vendors at Kensington Oval Face Challenges During ICC Men's T20 World Cup
Some vendors at Kensington Oval during the ICC Men’s T20 World Cup express disappointment over high stall rental costs and lower sales impacting profits. Electrical outages also affected business operations.