Business Archives - Barbados Today

Category: Business

Not on track

United Nations (UN) Resident Coordinator for Barbados and the Organisation of Eastern Caribbean States (OECS) Didier Trebucq is not convinced that Barbados and other countries are on track to achieve the 17 Sustainable Development Goals (SDGs) they are aiming for by 2030. And he is calling on young people to help drive the necessary change. […]

Agricultural safeguards a must

Minister of Agriculture and Food Security Indar Weir is expressing grave concern about the impact climate change could have on the island’s food security. Disclosing that one farmer lost close to four dozen sheep last year due to drought conditions, Weir told an agriculture conference this morning that the threats climate change continue to pose […]

Make agriculture attractive to youth

The Caribbean is being warned to get policies right in order to attract more investment and participation from young people in the agriculture sector to ensure food security. This advice has come from senior coordinator and lead specialist on Climate Change and Agriculture at the Technical Centre for Agriculture and Rural Cooperation (CTA) Oluyede Ajayi. […]

Not good enough

One of the region’s largest donors is expressing disappointment that after several years of receiving development funding to build capacity for the agriculture sector, Barbados and the rest of the Caribbean continue to struggle. Head of the European Union Delegation to Barbados and the Eastern Caribbean Ambassador Daniela Tramacere said the EU recognized food security […]

Billion dollar savings

With Government now reaching a deal with external creditors, the country is expected to save around $1 billion over the next four to five years. As a result, economists are predicting more wiggle room for the Mia Mottley administration to address critical social issues, and an improvement in the country’s credit ratings in coming months. […]

Sharmane Roland-Bowen

Church leaders urged to join cannabis debate

President of the Barbados Road Safety Association (BRSA) Sharmane Roland-Bowen is issuing a challenge to church leaders to speak out against Government’s plan to build out a medical cannabis industry here. Government is expected to bring legislation to, among other things, govern the growing and production of medical cannabis that will be regulated by the […]

Under control

Health officials are giving the assurance that health care associated infections and the risk of antimicrobial resistance in Barbados are under control. This reassurance was given today as local and regional health representatives gathered in Barbados for the fifth Infectious Disease Week at the Pan American Health Organization (PAHO) office in Barbados. Officials also reported […]

Toppin’s plea

Bring more foreign business into Barbados. That is the plea from Minister of International Business and Industry, Ronald Toppin to stakeholders in the business sector at the start of International Business Week. During a church service at the Covenant Life Teaching Centre on Sunday morning, he encouraged officials from the Barbados International Business Association (BIBA), not […]

Marriott goes Elegant

After several months of negotiation, Marriott International is set to acquire the Barbados-headquartered luxurious Elegant Hotels Group in a US$200 million deal. In a statement, the companies explained that the “offer price implies an enterprise value for Elegant of approximately US$199 million based on Elegant’s total net debt of US$68.9 million as at March 31, […]

US travel officials get taste of Barbados

Barbados’ premier Crop Over festival is in line for a significant boost in visitor participation. This is being made possible through a major familiarization programme – the Spirit of Barbados Mega Fam 2019, as officials announced on Friday that few changes were being considered to help make the highly anticipated celebration even more attractive. Under […]

Debtors strike deal

After putting up a year-long fight, the Barbados External Creditor Committee emerged from a deadlock with the Mia Mottley Government with “an agreement in principle” similar to that accepted by local creditors, featuring reduced principal and interest indebtedness. In an unexpected twist, the two sides issued a joint statement today, stating that “the agreement in […]

Marriott to acquire Elegant Hotels

Marriott International to acquire the Barbados-based Elegant Hotels Group including its debt. However, the deal is subject to shareholder approval. The Elegant Hotels Group owns and operates seven luxury freehold hotels in Barbados, six of them on the West Coast, and breach front restaurant, Daphne’s. Non-executive Chairman of Elegant Simon Sherwood said the acquisition represented […]

Accounting changing with the times

The accounting profession continues to come under tremendous pressure from new forms of technology including artificial intelligence, but one professional is giving the assurance that accountancy was not a “sunset” industry. In fact, said Chief Executive Officer of First Citizens Bank Carol Eleuthere-Jean Marie, accountants can still be considered the “lifeblood” of many businesses. Her […]

Republic to focus on SMEs

One commercial bank says it is cognizant of the challenges the small and medium-sized enterprise sector faces and pledges to do more to help the sector flourish. Manager of Corporate Credit at Republic Bank (Barbados) Ltd. Stacey Hem Lee said the financial institution considered the SME sector critical to economic growth and would therefore be […]

Edward Clarke

Facilitation of business improving

Following recent rounds of Social Partnership talks, the private sector says it is pleased with progress being made by Government to address the vexing issue of business facilitation. However, while indicating that the business community would be doing all it could to help speed up the process, Chairman of the Barbados Private Sector Association (BPSA) […]

Sharmane Roland-Bowen

‘Do your job’

In light of a number of recent accidents across the island, the Barbados Road Safety Association (BRSA) is pleading with the Royal Barbados Police Force (RBPF) to immediately start enforcing breathalyzer testing. Though acknowledging that not all accidents were as a result of alcohol consumption, president of the BRSA Sharmane Roland-Bowen told Barbados TODAY she […]

Accountants want legislation in place

Policymakers are being urged to speed up the implementation of anti-corruption legislation and the supporting framework while maintaining a great level of integrity. At the same time, the local accounting fraternity says it stands ready to assist the Mia Mottley-led administration as it continues to restructure the ailing economy under the Barbados Economic Recovery and […]

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