Category: Local News

PM responds to questions about White Oak

Prime Minister Mia Mottley has reiterated that the Government has appointed the best advisors with respect to debt restructuring, namely White Oak Advisory Ltd. The London-based independent financial advisory firm’s appointment has caused much discussion especially from the Leader of the Opposition Bishop Joseph Atherley. In Parliament earlier this week, Atherley questioned the involvement of […]

Read more

Public sector job cuts would be a last resort – PM Mottley

As the Government prepares for continued negotiations with a team from the International Monetary Fund (IMF), Prime Minister Mia Mottley has assured public sector workers there are no immediate plans to cut jobs. In fact, Mottley said job cuts in the public sector would only be done as a last resort. “To the extent there […]

Read more

IDB President to visit Barbados on Wednesday

President of the Inter-American Development Bank (IDB) Luis Alberto Moreno will visit Barbados next Wednesday for talks with the new administration led by Prime Minister Mia Mottley. Mottley, who made the announcement of the upcoming visit this afternoon, said the IDB boss has praised Barbados for recent the steps taken by her administration to fix the […]

Read more

PM Mottley to attend OECS meeting in St Lucia next week

Prime Minister Mia Mottley is heading to St Lucia next week, where leaders of the Organisation of Eastern Caribbean States (OECS) will hold a two-day summit, discussing a wide range of issues from climate change to regional cooperation. Speaking at a press conference this afternoon, Ms Mottley, who returned this morning from a meeting at […]

Read more

IMF discussions went well – PM Mottley

Prime Minister Mia Mottley says discussions with the International Monetary Fund (IMF) in Washington have gone well and a team from the international lending institution is due to arrive here early next month to continue talks. The Prime Minister, who led a four-member Barbados delegation to Washington Wednesday evening for talks with the IMF Managing […]

Read more

Barbadian lawyers to discuss developments in Australian law

A two-day seminar designed to provide guidance on recent developments in Australian law on which the Evidence Act of Barbados is based gets underway here on Monday. Chief Justice, Sir Marston Gibson and Australia’s Ambassador to the Caribbean Community (CARICOM), John Pilbeam will address the opening ceremony. The organizers say that it is anticipated that […]

Read more

Credit card transactions increase

Barbadians carried out more debit and credit card transactions last year than they did in 2016. In addition, the 2017 Financial Stability Report showed that residents performed more withdrawals from Automated Teller Machines (ATM) during the year under review. “During 2017, the value of domestic payments continued to trend upward representing 620 per cent of […]

Read more

BWU never expected any double-digit salary hike – Moore

The Barbados Workers’ Union (BWU) says despite persistent demands over the past year for a 15 per cent wage increase from the previous Freundel Stuart-led Government, it never expected to receive any double-digit pay hike for its members. In fact, General Secretary Toni Moore told reporters on Thursday that the five per cent increase that […]

Read more

Welcomed injection

The Chief Executive Officer of the state-run Queen Elizabeth Hospital (QEH), Dr Dexter James, has welcomed the tax remedy announced by Prime Minister and Minister of Finance Mia Mottley with a view to curing the current financial ills at the island’s premiere health care institution. Delivering her so called “mini Budget” in Parliament on Monday, […]

Read more

A dream comes true for Amyah

It was a tidal wave of emotions for ten-year old Amyah Ellis, who on Thursday secured a position at the school of her dreams, Queen’s College. The early sitter always considered herself smart, but was shocked to learn that she had emerged as the top girl at Trinity Academy following the May 8 Common Entrance […]

Read more

Weekes and Beckles are tops at St Paul’s

Although it did not place in the island’s Top ten, St Paul’s Primary School still has much reason to celebrate following the release of results for this year’s Barbados Secondary Schools Entrance Examination. Of the 58 students from the school who sat the May 8 exam, 19 students scored between 90 and 100 in Mathematics, […]

Read more

Nowhere to turn

Simply unbearable! That’s how a group of residents in Lower Applewhaites, St George is describing the stench that is emanating from two pigpens, which they say have become nothing but a health hazard to the entire community. Both farms are owned by pig farmer Gregory Forde, who has been resident in the area for over […]

Read more

Solutions Barbados’ breakup was inevitable, say political scientists

The apparent implosion of Solutions Barbados has come as no surprise to two of this island’s leading political scientists, who are also predicting a quick return to the customary two-party system, after six parties contested the May 24 polls. Reacting to news of a major split in the three-year-old Grenville Phillips 11- led political grouping, […]

Read more

Broken trust

Apologize to the people of Barbados! This was the solemn advice issued today by former Government Senator Dr David Durant to the Democratic Labour Party (DLP), as it embarks on an uphill rebuilding process following its recent decimation at the polls. While decrying the “character assassination and verbal abuse” which occurred on the DLP platform […]

Read more

Changes to be made to Town Planning Act – Prime Minister

Prime Minister Mia Mottley has announced that there will be changes coming to the five-decades-old Town and Country Planning Act that could impact on how land development is done in Barbados. While not providing details, Mottley told the annual general meeting of the Barbados Hotel and Tourism Association (BHTA) at the Lloyd Erskine Sandiford Centre […]

Read more

No more business as usual, warns Persaud

Economist Avinash Persaud is warning commercial banks that it is no longer business as usual and that they need to change the way they operate in order to better withstand external shocks. Addressing the ninth annual Domestic Financial Institutions Conference at the Lloyd Erskine Sandiford Centre on Thursday, he pointed to a range of new […]

Read more

Still stable

Despite ongoing challenging economic conditions, the local financial system grew by approximately 2.8 per cent to reach $25.6 billion last year. However, despite a moderate expansion in asset base – largely attributed to commercial banks, credit unions and insurance companies – assets as a percentage of gross domestic product fell to 271 per cent from […]

Read more
Barbados Today Copyright © 2018 | Developed by Luova Labs