The COVID-19 pandemic has resulted in a near 50 per cent increase in cold storage business for Barbados’ leading ice-cream company BICO Limited, but at the same time, it has …
Business
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A lot of Barbados’ economic recovery after the COVID-19 pandemic will depend heavily on financial institutions and how soon construction projects can get started, says economist Jeremy Stephen. Giving an …
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COVID-19 has crushed the tourism industry, accounting for 5,000 hotel worker’s jobs lost and shuttering nearly nine out of ten hotels in the industry’s worst crisis, according to the Barbados …
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Barbados’ main corporate regulator, the Financial Services Commission (FSC), is keeping a close eye on some businesses but has temporarily relaxed its rules on the filing of audited financial statements, …
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Predicting a severe shock to the Barbados economy from the COVID-19 pandemic, the Inter-American Development Bank (IDB) warned today that the country should expect tourism to grind to a halt, …
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The International Monetary Fund (IMF) today called on multilateral organisations and international financial institutions to extend greater assistance to developing countries including debt relief. IMF Chief Economist Gita Gopinath issued …
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Barbados Port Inc. (BPI) has successfully concluded a $100 million refinancing arrangement, which better positions the company to execute key elements of its business strategy. BPI formally concluded all legal …
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One of Barbados’ leading hotel groups, remains committed to supporting their employees amidst its temporary closure as a result of COVID-19 related protocols. The Ocean Hotels Group which represents three …
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UNITED NATIONS – International Monetary Fund (IMF) Managing Director Kristalina Georgieva gave a preview of the IMF’s economic outlook amidst the coronavirus/Covid-19 pandemic which will be the center of attention …
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Crop Over has taken another blow as promoters of Rise Barbados have postponed their highly anticipated summer event to escape further fallout from the global COVID-19 crisis. In the absence …