Business Archives - Barbados Today

Category: Business

Paul looks forward to cess on milk

President of the Barbados Agricultural Society (BAS) James Paul has welcomed news that the delayed cess on milk will be implemented soon. However, he has cautioned authorities to ensure it is done properly. “It is a good thing. I think the Minister [of Agriculture Indar Weir] is showing some initiative in that area – the […]

More than money needed to keep workers

Local companies are being warned that if they want to keep talented employees they will have to do more than just offer bigger salaries. At the same time, Senior Manager of Consulting at Deloitte Barbados Roger Hennis is calling on businesses to pay more attention to developing their workers’ talents, as they incorporate greater use […]

Pig farmers’ plea

The volume of pork being imported into Barbados could be putting those in the local industry out of business. And the head of the local representative body, the Barbados Agriculture Society (BAS), wants action by Government and consumers to put an end to the pork importation. Chief Executive Officer of the BAS James Paul wants […]

William ‘Billy’ Griffith

Visitor arrivals soar

Barbados is on course for another record year in stay-over visitor arrivals, and sights are already set on achieving a similar fortune for 2020. After enjoying a 5.2 per cent increase for the first seven months of this year, tourism officials are hoping that a number of activities in the last quarter of this year […]

Historic building project set to take off

Work to restore the old Empire Theatre to a state-of-the-art performance arts centre has begun. However, while officials are tight-lipped about the development, some historians have welcomed it, but are cautioning authorities to preserve as much of the old structure as possible. Work has already started on the building with the clearing of the shrubs […]

Dairy continues to invest in plant and staff

Officials of this island’s largest beverage manufacturer is giving the local economy a vote of confidence as the company continues to invest despite some challenges. Jose Infante, Country Manager of the Pine Hill Dairy (PHD), a subsidiary of the Banks Holdings Group (BHL), said while the local economy continues to face a number of challenges […]

No rain, no gain

Ongoing drought conditions in Barbados are threatening to dry up the struggling dairy industry. While the Barbados Water Authority (BWA) has said it is doing what it can to help ease farmers who face periodic water shortages, officials of the Barbados Beef and Dairy Producers Association fear the quality of their product could fall if […]

Milk shortage soon over

Pine Hill Dairy (PHD) officials are promising that by Thursday, the shortage of evaporated milk on the local market should come to an end. In the last couple weeks, there has a scarcity of the product on some supermarket shelves due to a machine malfunction at the PHD’s Pine Hill, St Michael facility and water […]

Government answering dairy farmers’ calls

Financially pressured dairy farmers who are battling high operating costs are inching closer to having their cries answered by Government. In addition to pleading for a review of the Garbage and Sewage Contribution (GSC) levy that came into effect a year ago, farmers have been asking for a cess to be placed on some milk […]

credit union

Credit union official says to expect more mergers

A top credit union official says that as regulations in the industry continue to tighten there could be several mergers within the sector. This assessment has come from General Manager of the Barbados Co-operative and Credit Union League Ltd. Anthony Pilgrim, who pointed out that the number of local credit unions has been on the […]

Donna Wellington

Banks practising responsible lending

Commercial banks are not opposed to lending to small businesses, but they will not be doing so willy-nilly. That was the position of President of the Barbados Bankers’ Association Donna Wellington in light of increased calls for individuals and business operators to put the approximately $9 billion in the banking system to work to help […]

Rudy Grant

Officials report strong summer

While the month of September continues to be a challenging one for local hoteliers, one top tourism official is reporting an overall strong summer performance so far. Chief Executive Officer of the Barbados Hotel and Tourism Association (BHTA) Senator Rudy Grant said member hotels were reporting a generally good performance for the summer period, with […]

Rudy Grant

BHTA still talking GSC

A year after Government promised to review the Garbage and Sewage Contribution (GSC) levy for the island’s bread and butter tourism industry and the industrial sector, a decision is yet to be made. And despite an increase in taxes on the industry several months ago, one top tourism official is reporting a continued strong appetite […]

Robert Bermudez

Massy records smaller profits in some Caribbean markets

For the third straight quarter of the current financial year the Trinidad & Tobago-based conglomerate Massy Holdings Ltd has recorded a decline in the Barbados market. In his statement for the quarter ending June 30, 2019, which was recently posted, Chairman Robert Bermudez reported that year-to-date profit before tax from Barbados declined two per cent, […]

Project pains

Residents and business operators in the Sunset Crest, Holetown, St James area are crying out for relief from dust and noise pollution, even as they welcome ongoing development in the area. Since the start of the civil work aspect of the $7.1 million Adaptation Measures to Counteract the Effects of Climate Change (AMCECC) ‘Ridge to […]

Fort George find

There has been a major archeological find in Barbados. What appears to be a centuries-old underground water storage facility in Fort George Heights, St Michael was discovered over the weekend by workers of the Barbados Water Authority (BWA). Barbados TODAY understands that the BWA was carrying out excavation work in the area adjacent to an […]

New Port system starts September 1

Individuals and companies conducting business with the Customs Department and related agencies should start to see marked improvements in a matter of weeks. Minister in the Ministry of Finance Ryan Straughn gave that assurance as he announced that the long awaited ASYCUDA World system would be pressed into action come September 1. He explained that […]

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