Business Archives - Page 149 of 176 - Barbados Today

Category: Business

Thumbs up from Morris

Barbados Ambassador to CARICOM Robert Bobby Morris is giving thumbs up to L&N Workshop, manufacturer of bus and other vehicle bodies, as it prepares to enter the regional market. The company has for years been fabricating and refurbishing trailers, trucks, and buses, including those of the Barbados Transport Board, and now has its sights on […]

Investors’ loss

The 738 shareholders in the Almond Beach Village Resort could be receiving a mere eight cents on every dollar invested when the dust finally settles. A source told Barbados TODAY that five major investors in the hotel were currently holding 80 per cent of the shares, while the minor shareholders, who included workers at the […]

No impact from suspension

Government’s suspension of a US$250 million bond issue on the global market, will have little or no adverse impact on the struggling Barbadian economy. Contrary to recent doom and gloom pronouncements by Opposition parliamentarians during this week’s debate in Parliament of a “no confidence” motion against Minister of Finance Chris Sinckler, Governor of the Central […]

Still working

The Governor of the Central Bank of Barbados told the country this morning he was not basing his confidence in a restored growth in the economy on the Government, but on the people –– and private enterprise . Dr Delisle Worrell informed a third- quarter post-economic review news conference, at his Church Village, Bridgetown office, […]

Fiscal hole

Barbadians will have to wait until at least another two years to see any pickup in economic growth, even as the country’s worrying fiscal deficit widened by $117 million and the crucial foreign exhange reserves record a decline of $447 million during the first nine months of this year. This is just part of the […]

Tourism concessions

The Barbados Government, which is taking over Almond Beach Village, in St Peter, today outlined a series of concessions it was giving to Sandals International Resort to manage the near 400-room hotel and purchase Couples in Dover, Christ Church. In a ministerial statement to the House of Assembly, Minister of Tourism Richard Sealy said, however, […]

New boss at Lime

  There is a new man at the helm of LIME in Barbados. The telecommunications provider says Oliver Chatten comes to LIME with a proven track record of success in the mobile telecommunications industry, A statement from LIME today said that Chatten’s appointment marks greater attention to data services as the telecoms company adjusts its […]

Stewart over the moon

  With officials projecting that the new Beaches property could be up amd running in another two to three years after refurbishment, the man who is leading the development –– Jamaican hotel magnate Gordon “Butch” Stewart –– is not hiding his excitement about having sealed a deal, and finally being back in the country. Stewart’s […]

Deal sealed

  The near 400-room Almond Beach Village Resort in St Peter now has a new owner. Minister of Tourism Richard Sealy announced this afternoon that yesterday the shareholders agreed, at a meeting, to accept the Barbados Government’s bid offer to buy out the hotel, which closed its doors about a year and a half ago, […]

Almond Take Over

The way is now clear for the Barbados Government to buy over Almond Beach Village Resort in St.Peter. Yesterday, the shareholders agreed to the government’s bid offer to purchase the facility, which is expected to cost about US$55 million. This was revealed this afternoon during the signing at Hilton Barbados Resort, of two memoranda of […]

LIAT head promises better

  ST JOHN’S –– The acting head of the Caribbean airline LIAT, in a message to staff, has declared that the comfort and well-being of passengers will be her overriding priority. “At the new LIAT, we are working to build an airline which places the customer, our loyal passengers, at the centre of our focus,” […]

$1 billion boost

  Barbados is expected to benefit from more than $1 billion in investment to boost its water and wastewater management and infrastructure over the next couple of years. The revelation came this morning from Minister of Water Resource Management Dr David Estwick while addressing the signing ceremony of a US$58 million agreement with the Canadian […]

Central Bank announces scholarship

  The Central Bank of Barbados and De La Rue announced today an initiative to assist Barbadian students pursuing postgraduate studies in economics or finance beginning academic year 2013/2014. The Central Bank and the currency manufacturer are offering a scholarship biennially valued at BDS$35,000. The De La Rue Scholarship is open to nationals of Barbados […]

Importance of fisheries

  The Ministerial Council of the Caribbean Regional Fisheries Mechanism has reiterated its support for the Caribbean Community Common Fisheries Policy, and wants member states to ensure their internal consultations are expedited to facilitate this approval. The position came at the recently concluded Fourth Special Meeting of the Ministerial Council in Guyana, and chaired by […]

Subsidies a major headache

  St James South MP Kerrie Symmonds has called on the Government to act energetically and with urgency to protect the interests of Roberts Manufacturing Co. Ltd, a major employer in Barbados. Symmonds made this call today after he and Opposition Leader Mia Mottley had engaged in their weekly “rubbing of shoulders” this time at […]

Good news for artists

  Minister of Culture Stephen Lashley last night noted that his new Cultural Industries Development Bill was proof that the island’s artists were finally being heard. Speaking to the House of Assembly as he introduced the bill, the minister stated: “The beneficiaries of this bill include artists, private sector, non-governmental organizations and Government. But for […]

A unique cut . . .

Cyril Patrick is kind of an unassuming guy. Pass through St Lawrence Gap, Christ Church, and chances are you will find him lounging in a chair before a table of art and craft –– pretty much the story of many of the vendors in “De Gap”. What makes you pause is that on closer inspection […]

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