Category: Business

The initial start of the blaze.

Cause of fire still unknown

A day after fire engulfed a 300,000-gallon rum tank at the Mount Gay Distilleries in St Lucy, the company said it was carrying out its investigations to determine the cause of the fire, while giving assurance that work was ongoing at the plant. In a statement this afternoon the company’s managing director Raphaël Grisoni heaped praises […]

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Retired travel and cruise industry expert Cecil Ince.

Tourism tips

One of the early pioneers in the local tourism industry is suggesting that governments in the region get out of the airline business if they are to see improvements in regional travel. At the same time, retired travel and cruise industry expert Cecil Ince told Barbados TODAY that this country’s bread and butter industry would […]

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Edwin Thirlwell

Enough time

Supporters of eco-friendly products are dismissing a call from some packaging firms and vendors for more time to get rid of hundreds of thousands of dollars in Styrofoam and single use plastic bags ahead of the national ban on the importation and use of those products. In fact, Executive Chairman of ice cream manufacturer BICO […]

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Shane Lowe

Stick to targets, economist urges

President of the Barbados Economic Society (BES) Shane Lowe says he is not surprised by the recent upgrade of Barbados’ regional scale local currency rating by ratings agency Caribbean Information and Credit Rating Services Limited (CariCRIS). At the same time, the economist is warning that for the Barbados economy to enjoy continued improvement and for […]

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Local beaches ranked among the best

Three of Barbados’ beaches have made the cut as best of the best in Latin America and the Caribbean for 2018 by one of the world’s largest online publication flightnetwork.com. According to the online source, Bathsheba beach was ranked #11, Harrismith beach #28 and Crane beach #48. Flightnetwork did not explain how it arrived at […]

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Moving on up

Regional ratings agency, the Caribbean Information and Credit Rating Services Limited (CariCRIS), has upgraded Barbados’ local currency rating, while projecting economic growth of about one per cent this year. The ratings agency said it assigned a rating of “CariBB” with a stable outlook, up from “CariD” on its regional scale local currency rating of the […]

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Kirk Humphrey

More time needed, say packaging firms

Local packaging firms want more time to get rid of hundreds of thousands of dollars in product ahead of a national ban on the importation and use of styrofoam and single use plastics. The deadline is April 1 but with stock still on their hands, the firms say they can meet the timeline for a […]

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Prime Minister Mia Mottley at tonight’s cocktail reception of the Enterprise Growth Fund Ltd at Monteith Gardens, Barbarees Hill, St Michael.

Savings tap

Prime Minister Mia Mottley wants less talk and more action to press the over $9 billion held in the banking system to work to help dig the island out of its economic doldrums. In fact, Mottley said the time for talk was over and it was now time for action, pointing out that if there […]

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Minister of Small Business, Entrepreneurship and Commerce Dwight Sutherland (in suit) with Sol general manager Ezra Prescod (third right) and other officials yesterday.

SOL told to help

General manager of Sol Barbados, Ezra Prescod, has been encouraged to have his company “help share the burden” to restructure this economy. This exhortation came from Minister of Small Business, Entrepreneurship and Commerce, Dwight Sutherland, who toured Sol Warrens, St. Michael yesterday. Sutherland has been visiting a number of enterprises in recent times. “I’m doing […]

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Chief Executive Officer of Optimum Health Max Millar showing off upstairs areas in Mall 34.

New mall business

A major push is on to drive more traffic to the island’s capital and especially to the once vibrant Mall 34 on Broad Street, The City. On Thursday, officials of Optimum Health officially launched a business incubator and exhibition centre at the mall. Chief Executive Officer of Optimum Health Max Millar said the project could […]

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The area on this Tuff Tank to show that it was inspected is vacant.

Tanks ‘mistake’

The Barbados Water Authority (BWA) is being advised to take a step back, do an inspection of the recently donated tanks from corporate Barbados and admit it made a mistake. This caution comes in light of an apparent rupture of several of the 1000-gallon tanks donated for the BWA’s Rapid Response Unit Community Tank Project, […]

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President of the African Heritage Foundation, Paul Rock, stressing there is a place for homeschooling.

No ministry support for homeschooling

President of the African Heritage Foundation (AHF) Paul Rock wants the Ministry of Education to take homeschooling more seriously. The home education advocate told Barbados TODAY he was concerned that the ministry continued to treat homeschooling like public education, by asking for curricula to be developed based on a child’s age and not their level of education. […]

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Vice President of Technology at Syngrafii Inc. Ravi Dave (left) and Vice President of Sales Eric Strong.

Canadian company courts Govt

As Government continues to seek out ways to improve efficiencies in the public service through greater use of technology, a Toronto-based firm is making a bid to help with just that. Officials of signature company Syngrafii Inc. were recently in Barbados meeting with private sector and government officials in order to introduce its online technology, […]

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Robert Bermudez

Massy seven per cent dip in Barbados

Trinidad and Tobago conglomerate Massy Group is reporting a decline in profits in Barbados due mainly to a slowdown in consumer spending. Despite this however, the company is reporting an overall commendable 2018, after two previous years of disappointing performances. In its annual report for last year Chairman of the Board Robert Bermudez said overall […]

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ECLAC

ECLAC: Barbados still ‘sick man of the Caribbean’

The Barbadian economy is expected to crawl dead last among Caribbean economies this year, shrinking by a disappointing -0.5 per cent last year, the second lowest growth rate region-wide, according to the United Nations economic watchdog for the area. Barbados is expected to have the lowest growth of just 0.5 per cent in 2019, said […]

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CEO of EGF Timothy Simmons outlining initiatives in the energy sector.

Fund puts financing behind energy sector

The Enterprise Growth Fund Limited (EGFL) has pumped close to $16 million into energy projects through its Energy Smart Fund. In addition, it has also started a Landlord Metering System pilot through which it collects remittances from the sale of electricity to the national grid. Reporting substantial progress in helping to expand the renewable energy […]

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Clement Armstrong serving customers at Fisherman’s Pub.

Back to life

The quaint, northern community of Speightstown is slowly regaining prominence as a destination for locals and visitors – but business people are adamant that the town must not be a location for investments in the form of towering buildings that could alter its unique character. They however agree changes were necessary for the historic city […]

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