Business Archives - Barbados Today

Category: Business

Edward Clarke

We have to fight crime, says BPSA head

Chairman of the Barbados Private Sector Association (BPSA) Edward Clarke has condemned the most recent killing, which took place at the busy Sheraton Mall on Thursday afternoon. In fact, Clarke said the daring daylight shooting should serve as the final wake-up call for all Barbadians, insisting that every support that can be given to crime […]

Mia Mottley

Hotel expansion to spur economic activity

Government has made slight adjustments to how the controversial Hyatt Centric project will be carried out. Prime Minister Mia Mottley has also made it clear that her administration would not be selling the Hilton Resort and would be seeking to reduce or relinquish its ownership of the Sam Lord’s Castle hotel in St Philip. She […]

Minister of Energy and Water Resources Wilfred Abrahams (left) and Representative of the UAE in the Association of Caribbean States Ambassador Bader Almatrooshi.

BWA employing more solar energy

Officials of the Barbados Water Authority (BWA) are hoping to slash that entity’s approximately $23 million annual electricity bill with the opening of a major photovoltaic farm at the Bowmanston pumping station in St John. In addition to the 500-kilowatt system in that parish, the US$350 million project consists of a 350-kilowatt solar facility at […]

Marla Dukharan

Tax warning

Government is being warned that a raft of higher taxes on the tourism industry could lead to dampening of demand for the destination, a prominent regional economist warned tonight. But Marla Dukharan has welcomed Government’s plan to ease its grip on foreign exchange transactions, suggesting that this could result in hoteliers keeping more of their […]

‘We’re in’

The tussle over what price the Government and taxpayers can bear to attract an iconic all-inclusive hotel brand took another twist today as Sandals Resorts denied it was requesting anything more than what Bay Street had already promised. This was in response to suggestions by Prime Minister Mia Mottley last night that the hotel chain’s […]

Rudy Grant

Tourism threat

With a score of murders barely three months into the year, with one of today occurring at the country’s most popular mall, tourism industry figures have told Barbados TODAY of deep concern over the impact of crime on the nation’s bread-and-butter trade. Delivering the Barbados Hotel and Tourism Association’s report for the first quarter of […]

Sandals’ ‘demands’ rejected

There is a possibility that the Jamaica-based Sandals Resorts International (SRI) could pull the plug on its highly publicized US$400 million Beaches project which has started at the old Almond property in St Peter. Prime Minister Mia Mottley made the revelation on Wednesday night as she outlined several measures in her first major Budget speech […]

Edward Clarke

Leaders want growth, lower direct taxes

Two key business figures and one of the Mia Mottley administration’s leading critics are hoping that a strategy for growing the economy and lowering personal income taxes will come from the Prime Minister’s maiden Budget speech tomorrow. In an interview with Barbados TODAY, the head of the Barbados Private Sector Association, Edward Clarke, said growth […]

Ronald Toppin

On the job

Minister of International Business and Industry Ronald Toppin says Barbados is working towards having its name removed from a European Union blacklist. Following yesterday’s blacklisting, Toppin said in a press release from his ministry today, that Barbados has already been deemed compliant by the Organisation for Economic Co-operation and Development (OECD), the globally-recognized body for […]

Company officials turn the soil with Prime Minister Mia Mottley (second from right) at this evening’s launch.

Welcome, Kooyman

Emphatically declaring that  “Barbados is fully open for business” Prime Minister Mia Mottley this evening welcomed Dutch Caribbean hardware megastore Kooyman Holding International as it broke ground at Kendal Hill, Christ Church. Kooyman Barbados’ hardware megastore is expected to open in early 2020. As she delivered the feature address, Mottley said the relocation here of […]

Arawak Cement Plant, inset Mark Maloney

Cemented

Rock Hard Cement, owned by Barbadian construction magnate Mark Maloney, has won round one of a trade dispute with the Arawak Cement Company. The council of trade ministers in CARICOM, together with the global authority on customs classification, have agreed to the disputed classification of Rock Hard cement in the Trinidad market which enjoys lower […]

DeLisle Worrell

‘Transform public service, grow economy’ – Worrell

Former Governor of the Central Bank of Barbados Dr DeLisle Worrell has suggested comprehensive reform of public services as the single most important measure Government can take to spur economic growth here. And he’s said the first order of business must be to assemble the expertise to develop an action plan to transform the way […]

Larry Warren

Heritage railway ‘boost’ to sugar mansion

Eight decades after the last train chugged off the line and into Barbadian legend, the heritage railway on the grounds of St Nicholas Abbey mansion and plantation has seen visitors to the 17th Century tourist attraction doubled, its owner, architect Larry Warren, has revealed. It was in 1937 that the Barbados Government Railway, whose single […]

Peter Arender

Fortress upbeat after ‘weak’ 2018

Despite recording an “unusually weak” 2018, Fortress Fund Managers is still positive about  growth for its mutual funds’ investments this year, Chief Investment Officer of Fortress Advisory and Investment Services Peter Arender has told investors. Speaking last night during the 9th Annual Fortress Investment Forum at the Frank Collymore Hall, which focused on regional and […]

Gregory Hazzard

Infrastructure rethink needed

A local civil and structural engineer is calling on authorities to urgently put a sewerage system in place on the west coast of Barbados. At the same time, Senior Engineer and Managing Director of Mahy Ridley Hazzard Engineers Ltd Gregory Hazzard told Barbados TODAY he believed the time had come for several upgrades to be […]

Eddy Abed

Merchants, couriers mixed on ‘Amazon tax’

With the Value Added Tax (VAT) on online transactions – nicknamed the Amazon tax – finally becoming law last week, merchants and shippers find themselves on opposite sides of the debate on the levy. While a prominent business leader is hailing the move as a levelling of the playing field, some facilitators of online shopping […]

Orlando ‘Gabby’ Scott (left) being presented with a token from Executive Director of the Prodcutivity Council John Pilgrim.

Gabby says goodbye to BWU

After 41 years of service to the Barbados Workers’ Union (BWU), trade unionist Orlando ‘Gabby’ Scott will be hanging up his hat. The outgoing Assistant General Secretary was recognized on Monday during day one of the Week of Excellence at the Grande Salle, Central Bank. The 73-year-old, who has been a member of the BWU […]

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